Maine Yankee rate case resolution close - decommisioning $

["Sandy Perle" <sandyfl@earthlink.net>]

Monday December 21, 3:53 pm Eastern Time

WISCASSET, Maine, Dec 21 (Reuters) - Owners of the retired 
Maine Yankee nuclear power plant said on Monday they are close 
to settling a rate case to pay for the decommissioning of the plant.  

Maine Yankee Atomic Power Co. said that under a settlement 
proposal to be reviewed on Tuesday by state officials, it would 
collect $33.6 million a year from ratepayers through 2008 to pay for 
decommissioning and spent fuel storage. Maine Yankee currently 
collects $14.9 million a year, and had sought a boost to $36.5 
million.  

The plant, which was closed in August 1997, is owned by 10 
utilities, with Central Maine Power Co. (NYSE:CTP - news) holding 
a 38 percent stake, and Northeast Utilities (NYSE:NU - news) and 
New England Electric System (NYSE:NES - news) each owning 20 
percent.  

If the Maine Public Utilities Commission agreed with the 
settlement, the pact would then require the approval of the Federal  
Energy Regulatory Commission, Maine Yankee said. 

Sandy Perle
E-Mail: sandyfl@earthlink.net 
Personal Website: http://www.geocities.com/capecanaveral/1205

"The object of opening the mind, as of opening 
the mouth, is to close it again on something solid"
              - G. K. Chesterton -
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