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EC Pr Pr UMEc De
EconomClosure
repared fo
repared by
Mass Donahconomic and
ecember 201
mic Impa
r the Frank
hue Instituted Public Polic
14
acts of
klin Region
cy Research
f Vermo
nal Counci
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ont Yan
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nkee
rnments
Economic
UMaEcon
Introd
Entergy’stheConnTheTri‐CCounty,Nprovidedregionaljskilled,w
Figure 1
MaintenaStates, prthroughoproductiolossof itsRegion.ToftheecoWhilethemodel,wthe study
Impacts of Ver
ass Donahue Insnomic and Public
duction
sVermontYaecticutRiverCountyRegioNewHampshafoundationjobsandamwell‐compens
. The Vermo
ancecostsinrincipally naout the countonandstartshigh‐payaThisstudy,uonomicandj
eeconomicimwillbeimporty also assess
rmont Yankee C
stitute c Policy Researc
ankeeNucler,hasbeenaonincludesFhire (seeFignfortheTrimuchhighersatedjobs.
nt Yankee N
combinationatural gas, htry, includinofdecommindbenefits tusingavailablobimpactso
mpactresulttantastheyses the ramif
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arPowerStacrucialcompFranklinCoungure1). Asa‐Countyeconshareofthe
uclear Powe
nwithcompeave resultedngVermontYssioning),antoworkerswledataonVeontheTri‐Co
ts,includingtillustratethficationsof t
ation(“Vermponentofthnty,Massacha fullyoperanomy,directregion’swa
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etitionfromd in the planYankee. ThenticipatedtowillhaveasermontYankountyRegion
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xpensivepowe of numerothis facilitynthefourthmpactontheymentandpaomthedecom
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wersourcesus nuclear p(i.e., cessatiquarterof2e largelyruraayroll,providmmissioning
fromaregioreimpactsoonomic and
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ermontalongover40yearsandCheshirentYankeehanepercentoedsofhighly
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fundamenhighlypaplant’sskoperationdepth inwage,andThefollowYankee adecline inpowergebasedoncontainednationallThefindifoundatioandthepdiscussiointheTri
Impacts of Ver
ass Donahue Insnomic and Public
ntalsof theaid and skillekilledtechnicnsatVermonjob prospecdsalarylosse
winganalysias a fully opn economicenerationanndemonstratdTri‐Countylevelsasthey
ingsarelaidonoftheanaprogressiveronoftheclosi‐CountyReg
rmont Yankee C
stitute c Policy Researc
Tri‐CountyRedworkersciansarealrentYankeehacts to retainesfromthep
isincludesanerational poimpacts as fndgoes throutingtheeconyRegion.Totywouldcapt
outasfollowalysis;b)thereductionofureofVermogion.
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Region. Thisare expectedeadyleavingavestopped.a large porplantclosure
nestimateofower generatfewer and feughsuccessinomicimpactaleconomictureagreate
ws:a)Vermeconomicimf economicimontYankeei
s last compod tomove togforotherpa. Thethree‐tion of Verewilllikelyta
fthedirectating, nuclearewer peopleivephasesotsoftheVercimpactsworrangeofsu
ontYankeeempactsofthempactsbrounthecontex
onent is impoother locatartsoftheco‐countyregiormont Yankeakeyearsto
andtotaleconr facility. Ite are neededofdecommissrmontYankeouldactuallyupplierstoth
employmentefullyoperaghtaboutbyxtofprevailin
ortantasmations. Recenountryevenondoesnotee’s employerecover.
nomicimpact then demod to work atsioning. TheeeclosureonbegreaterifheVermontY
tandpayrollationalVermydecommissngeconomic
anyofVermnt evidencebeforepowepresentlyofees,meaning
ctsgeneratedonstrates thet the propereanalysis, thntherelativefmeasuredaYankeepowe
lvaluesthatontYankeensioning;andcanddemogr
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montYankee’indicates theergenerationffersufficieng the income
dbyVermone progressiverty as it endhroughout, ielysmallandatthestateoerplant.
tserveasthenuclearplanc)abroaderaphictrend
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In2014,higher thnuclear presponsibpayrollofAfterthethe plantexpects omanagemYankeeinand2016years,20phasewhofdryfueinitialweexisting,levels,wimillioninthattimebylowerin such jstorage.
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montYankeepplierofelemontYankee’ars to be fosonwithanerty. ThisseYankeeplan
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cessationoft begins theon‐site jobsment. Thedrn2014tothe6,jobsareex16‐2020,thehichwillreqelmanagemet fuelmanaghighly compillcontinuetn2020ifthee). After202relativewagobs as grou
d wage data werg regional and la
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nuclearpowctricitytoNeseconomiccllowed by aoperatingnuectionwillbntcompared
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f powergenedecommissito fall fromrop in jobs oedryfuelmapectedtodeeformerVeruirefewerwentcouldbrgementphaspensatedwotobesignificwageandsa21,thesignifgelevelsasounds security
re not available fabor experts fam
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werplantiseewEngland.contributionlong‐perioduclearpowerrieflydescritothenumb
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yed550peopyees, most relatively higedaverageantYankeewo
rationatVeroningproce
m 550 in 20over only sixanagementpclineto316montYankeeworkers(appringemploymsesofthederkers. For tcantthroughalarylevelsoficantlyloweccupationssy while the
for 2014, but an miliar with Verm
eeDecom
expectedtoclTheclosurestotheTri‐Cd of continuerplant)assobeandcomperofjobsexp
pleaccordingequiring vergh wage andannualwageouldbeabou
rmontYankess. Presently14 to as fewxor sevenyphasebeginnduringaperenuclearpowproximately1mentlevelsoecommissionthis reason,hatleast202ofVermontYerjoblevelsshiftfromtecsite goes thr
estimate of overont Yankee and
mmissioni
loseinlate2eandensuinCountyRegioed but veryociatedwithparethe jobpecteddurin
gtoEntergyry specialized salary levperworkert$58million
eeinlate201y, the plannew as 24 duryearsbetweeningin2021riodofwetfuwerplantwi127).Finallyon‐sitedownning,Vermontotal payrol20(i.e.,payrYankee’sopeattheVermochnicalworkrough what
r $105,000 per wdeemed consist
ingandCl
2014andthungdecommisonfallsharplow economthedecontasandpayrolngthedecom
y.Asrecentlyed skills to mvels reflectivofapproximnin2014.1
14,joblevelsed timeline fring an exteen theoperawillbesharpuel(hot)manillbeinawey,beginningntoasfewantYankeewill, though onrollin2020cerationphaseontYankeeskerstoahighmay be mo
worker developetent with likely 2
losure
usendits42ssioningprocplyoverthecmic activity (aminationanllatthefullymmissioningp
yat2011,thmanage andve of theirmately$105,0
satthesitewfor the decoended periodational phasep(seeFigurenagement.Fetfuel(cool)gin2021,alas24. Durinillcontinuetnly a fractioncouldbeashearemaintasitemaybeaherproportioore than a d
ed for 2011 was v2014 compensati
4
yearrunasacesswillalsocourseoffive(especially inndsecurityoyoperationaprocess.
hisfigurewad operate thetraining and000,thetota
willdeclineaommissioningd of dry fueeof Vermone2).In2015oraboutfoumanagemenongerperiodgatleastthetoemployitn of previouhighas$13.5ainedthroughaccompaniedonofworkerdecade of dry
vetted for this ion levels.
aoenofal
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Source: ENote: Thedepicted i VermontVermonttheplantemployeeforthereentertaineconomypercent oemployeeCounty.3areheldplantwas
2 Entergy prhttp://public3Countyes
Impacts of Ver
ass Donahue Insnomic and Public
. Worker NuDecommissi
Entergy, Septee transition froin a slide desc
Yankee’s emYankeewort’slocationclesisanimpoegion(seeFinment reverby.TheTri‐Coof the totales lived iInthiseconconstant insoperational
resentation to thecservice.vermontstimatesfor201
rmont Yankee C
stitute c Policy Researc
umbers at theioning Phase
ember 2014. om wet fuel (cribing Vermo
mployees livrkersliveovelosetothecortantpieceoigure6onpberates throountyregionin 2014 priin Windhaomicimpactfutureyearsl,itwillhave
e Nuclear Decomt.gov/sites/psd/fi14arebasedon
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(hot) to wet fuont Yankee’s
ve and spenderwhelminglenteroftheofthisanalysage11)andough the Triwashometoior to the pm County,analysis,thes (e.g., if thee89percent
mmissioning Citfiles/NDCAP%2nanactual2011
ankee Site W
uel (cool) man staffing trans
d a large parlywithinthe2,250squarsisastheirbtheirspendi‐County Rego481ofVerplant closure 176 inesharesofVregionhadof127emplo
tizens Advisory P0September%201allocationapp
Will Decline a
nagement is asition to deco
rt of their eeTri‐Countyremileregiobuyingpowedingwhethergion, providrmontYankee. In 2014,Cheshire
VermontYank89percentoyeesin202
Panel, Septembe025th%202014%pliedtothe2014
as Power Ge
anticipated toommissioning
earningswheRegion(seen.Theresidrissignificanronhomes,rding criticalee’s550empan estimateCounty, a
keeemployeof550empl20duringdec
er 25, 2014. We%20Presentation4employment
nerating Ope
o occur duringg.2
ere they reseFigure3),adencyofVermntlygreaterrestaurants,support to
ployees,accoued 204 Vermand 101esbycountyloyees in20commissioni
eb: %20-%20Final.ptotalforVermo
5
erations End
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ide. CurrenareflectionomontYankeethanaveragegroceries,othe regionauntingfor89mont Yankeein Franklinyofresidence014while theng).
pdf ontYankee.
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Figure 3
Source:Vcountynuemployee
Impacts of Ver
ass Donahue Insnomic and Public
. Place of R
VermontYanumbersapples
rmont Yankee C
stitute c Policy Researc
esidence for
nkee(2014);ythe2011g
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r Vermont Ya
481ofVermgeographicpl
ankee Emplo
montYankee’laceofreside
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s550emploenceallocatio
oyeesresideiontothe201
inTri‐County14totalof55
6
yRegion;50
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obimpactsr
aborincomealthandliferoprietaryin
ValueaddedroductsandrGDP).Valuocustomers.ntorefinedgareatervalue
Outputisabrnalusers(e.galeofcrudep
al economicimpacts.
Direct impacankee,whethases of decworkatthesihesite.
ndirect impmade to supusinessessulectronicequ
information on I
rmont Yankee C
stitute c Policy Researc
actsofVe
ommissioninpshire, andMnkee.Thissesociatedwithn thissectionyintermsof
tsand jobefis analysis,ndirect,andess sales (outhefollowing
representac
econsistsofeinsurancebncome(paym
representstisroughlyequeaddedisthForexamplasoline.Simofrefinedga
roadermeasg.,thesaleofpetroleumth
impacts as
cts are onlyther during tcommissioniite,theirpay
pacts are genpport the diupplyinggoouipment,buil
MPLAN, see htt
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ngofVermonMassachusettectionoftheh the decomn,asestimatfthemultipli
ffectswereewe used ainducedeffeutput), valueg:
changeinave
ftotalemploybenefits,retirmentsreceive
totalbusinesquivalenttogheenhanceme,anoilrefinplistically,thasolineandth
urethatconsfgasolineathatisrequire
s estimated
y those assothe current ong. The diryroll,andthe
neratedwherect activitydsthatthepldingmateria
tp://www.implan
ankeeClo
ntYankeewts and generstudyprovidmmissioningedandrepoereffectsto
estimatedspcustomizedectsoftheVe added, and
erageannual
yeecompensrementpaymedbyself‐em
ssales(outpgrossstate/dmentacompanerytakescrhe“valueaddhelowerval
sistsoftotalaservicestaedtoproduce
by the IMPL
ociated specoperationalrect impactsrevenues(s
enmaterial,y. For Vermplant(ordecals,specializ
n.com/
osureand
will reverberarate impactsdesestimatesand closureorted, reflectthebroader
pecifically forIMPLAN inp
VermontYankd state reve
ljobsforthe
sation(wagementsandanmployedindiv
put)minusthdomesticproanygivesitsrudepetroleuded”inthisinueofcrudep
businessoration)aswellethegasolin
LAN model
cifically withphase or theof Vermontales)associa
equipment omont Yankecommissioninzedservices,
dDecomm
ate through ts beyond thesoftheovere of Vermonttchanges ineconomy.
r theTri‐Couput‐output mkeeclosure,nue. The re
yearindicat
eandsalarypnyothernon‐vidualsasin
hecostofpuroduct(commproductsbefumasaninpnstanceisthpetroleum.
industrysalelasintermedne).
are the sum
h activities te progressivt Yankee incatedwiththe
or other inteee, indirectngprocess)etc.
missioning
theTri‐Coune on‐site actalleconomict Yankee. Teconomicac
untyareaatmodel4 for tintermsofesults are ge
ted.
payments,as‐cashcompecome).
rchasingintemonlyreferreforeofferingputandthenthedifference
es.Itincludediategoodsa
m of direct,
taking placevedownsizinlude the emeactivitiesta
ermediate pimpacts comneedstoope
7
g
ntyRegion inivities takingcimpactsandThe economictivity–both
t theregionathe region toemploymentenerated and
swellasnsation)and
ermediateedtoasGSPgtheproducttransformsibetweenthe
essalestoales(e.g.,the
indirect, and
e at Vermonngduring themployeeswhoakingplacea
purchases areme from theeratesucha
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Figure 4
Vermontoperationoperationbeyond pemployedjobs)andmany loc
Impacts of Ver
ass Donahue Insnomic and Public
nducedimpworkers (wheocaleconomyestaurants,h
erlevelsofeon will transincludesestiontYankeebyspecifiedphaite).Theecon
. Economic
Yankeehasnalpowerplnal, employsprevailing red550peopled induced (3cal businesse
rmont Yankee C
stitute c Policy Researc
pactsaregenether in they.Forexamhairsalons,et
conomicactslate to fewimatesoftheyphase(e.g.,asesofdeconomicimpac
Impact Anal
beenakeyant.Duetots a large numegional averaewithapayr87 jobs) impes such resta
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neratedbythoperationalple,spendintc.
tivityemanater dollars avedirectandt,thecurrentmmissioningctmethodolo
lysis Method
driverof ththeadvancedmber of higages. Durinroll(includinpacts, shownaurants, real
helocalconsordecommgbyVermon
tingfromVevailable to ctotal(sumooperationalgshowingaogydescribed
dology
eTri‐Countydnatureofnghly‐skilled eg its last yengbenefits)on indetail inl estate, reta
sumerspendmissioningphntYankeeem
ermontYankconsumers ffdirect,indiphaseasanprogressivedaboveisvis
yRegion’secnuclearpoweengineers thear of operatof$82millionnTable1, thail shops, he
ding,primarihases) spendmployeessup
keeafterthefor spendingirect,andindactivenuclereductionosuallypresen
conomy forergenerationhat receive ction, 2014, Vn.Byalsoinhat include thealthcare, an
ilyfromVermding their eapportsjobsin
endingofnug. The econduced)econoearpowerplaofactivityatntedinFigur
wellover40n,VermontYcompensationVermont Yanncludingthehepositive ind suppliers
8
montYankeernings in thenlocalstores
uclearpowenomic impacomicimpactantaswellatheVermonre4.
0yearsasanYankee,whilen levels welnkee directlyindirect(282influencesonto the plant
ees,
rctsst
nelly2nt,
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Vermontthese Veagriculturegionaleinitslast
Table 1.
Direct
Em
Lab
Va
Indirect
Em
Lab
Va
Induced
Em
Lab
Va
Total*
Em
Lab
Va
Source:RNotes:Alrepresenindicated*TotalimAs canbeexpectedtheinitiatouseexireplacek
5TheecontheTri‐CouaroundtheYankeewor
Impacts of Ver
ass Donahue Insnomic and Public
Yankee is eermont Yankral related jeconomicpilyearofoper
The Econom
mployment
bor Income
alue Added
Output
mployment
bor Income
alue Added
Output
d
mployment
bor Income
alue Added
Output
mployment
bor Income
alue Added
Output
Resultsarefrlleconomicattheannualdperiod;theympactsrepres
e seen inTatodeclineplwetfuelmaistingVermokeyVermont
nomicimpactanuntyareatoworcountry.Enterrkerswhohave
rmont Yankee C
stitute c Policy Researc
stimated tokee generatejobs in thellar.Theoverationin201
mic Activity
Operation
550
$82,099,12
$244,286,9
$402,707,4
282
$10,425,32
$31,131,26
$47,691,30
387
$14,377,22
$26,575,15
$43,008,07
1,220
$106,901,6
$301,993,4
$493,406,8
romsimulatioactivitylevelcontributionyarenotmulsentthesum
able1, the ecprogressivelyanagementsontYankeeeYankeewor
nalysis,throughrkorstarttheirrgyisneedingtealreadyleft.
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ch
contribute aed jobs is tTri‐Countyeralltotaleco14isestimate
Levels of Ve
nal 201
27 $38,
92 $66,
28 $81,
25 $3,5
67 $5,5
02 $10,
20 $6,1
52 $11,
77 $21,
72 $48,
11 $82,
06 $113
onsruninIMsshownarenstotheeconlti‐yearcumuofdirect,ind
conomic conyas theplantepsofthedmployeesorrkerswhoha
hout,assumesthrownbusinesseobringinrepla
a total of1,2hat they arRegion, thuonomicactivedtobealmo
ermont Yanke
5-2016
318
564,486
121,377
769,337
93
547,281
541,555
528,954
165
106,431
297,051
464,397
577
218,198
959,983
,762,689
MPLAN.annual(e.g.,nomythatarulativecontrdirect,andin
ntributionsontmoves thrdecommissiorbring‐insubavealready
hatveryfewofes.Theyarealracementemploy
220 jobs in tre not seasous underscorvityintheregost$500mill
ee to the Tri-
2017-2020
126
$15,508,264
$26,547,585
$32,091,293
37
$1,426,498
$2,224,922
$4,227,352
66
$2,455,631
$4,535,741
$8,617,908
229
$19,390,393
$33,308,248
$44,936,552
,thelevelsshreexpectedfributions).nducedimpa
ofVermontYroughsuccesning(througbstitutesfromleft forposit
theskilledVermreadybeingsucyeesfromother
the region inonal or cycliring the plagionassociatlioninoutpu
-County Reg
2021 Plu
58
$2,675,75
$7,849,91
$10,573,1
16
$618,52
$968,23
$1,734,17
10
$361,32
$667,94
$1,081,54
84
$3,655,60
$9,486,09
$13,388,9
howninthe“foreachindiv
acts.
Yankeeon thssivephasesghabout202maroundthetionselsewh
montYankeeemccessfullyrecrurplantstodoth
n2014. Anical as arent’s long‐tertedwithVerut.
gion Over Tim
us 2021 P
2
50 $1,10
19 $3,24
88 $4,32
2 $246
3 $386
71 $692
7 $148
6 $275
49 $445
3
00 $1,49
99 $3,90
908 $5,46
“2017‐2020”vidualyeard
heTri‐Countsofdecomm20),Entergyecountry,ifhere.5 Thoug
mployeesareliitedandmovinheworkofthef
9
advantageotourism andrm role as amontYankee
me
Plus (2)
24
00,406
42,067
28,235
6
6,311
6,153
2,314
4
8,855
5,168
5,562
34
95,572
03,388
66,111
”columnduringthe
tyRegionaremissioning. Inwillcontinuenecessary,toghdrastically
kelytostayinngtonewjobsformerVermon
ofdae
eneoy
t
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reducedcVermontCountyRexpectedshorttiminducedjbythespAfter202completespent fueYankee scontributindicatedvarying dplaceattonlybemjobscontFigure5of jobs (tupcomingregionwtheclosuduringce
Figure 5in jobs co
Source:RTable2ditsoperatheplant
Impacts of Ver
ass Donahue Insnomic and Public
comparedtoYankee dec
Regionthrougdeclineto2
meframe)whejobs–thejobendingofVe
21,whentheed, Vermontels) thatmaysite will shitions from td inTable1,degrees of ethesite.Atthmakingatottributionoft
showstheimthedifferencgdecommissillhave643rewillincreaertaindryfue
. Total Job Iompared to a
Resultsareba
demonstratestionalaswetsupported1
rmont Yankee C
stitute c Policy Researc
otheoperaticommissioningh2020.By229compareenthepowerbsinsuchinermontYanke
wetfuel(deYankeewilly last a decaift to morethe closed nthe long‐terconomic conhelowestlevalcontributitheoperation
mpactsofthecebetween tsioningphasfewerjobscaseto991feelmanageme
Impacts of thn operational
asedonsimu
stheeconomellas its four1,220jobsin
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onalplantinng will conty2020,thenedto1,220irplantwassndustriesasreeworkersi
e‐fueling)mal enter a proade or longeconstructio
nuclear powermperiodofntributions tvel,“2021Pluionof34 jobnalpowerpla
eVermontYathe total jobses) intheTcomparedtoewerregionaentphases.
he Vermont Yl Vermont Yan
ulationsruni
miccontributrdecommissntheTri‐Cou
n2014,theseinue tomaknumberofjobin2014(a lostillgeneratirestaurants,ntheTri‐Cou
anagementpolonged phaser. During tn and secuer plant to tf interimcarto the Tri‐Cous(2)”(aterbstotheTriantin2014.
ankeeclosurnumbers inri‐CountyRehavinganoaljobsbetwe
Yankee Deconkee)
inIMPLANin
tionsofVermsioningphasuntyRegion,
ehighlycomke significantbssupportedossofaboutngelectricityretail,andpuntyRegion.
phasesofthese of dry futhis long‐territy personnthe Tri‐Couneandmaintounty RegionrmusedbyE‐Countyregi
reanddecomn2014compegionexpectoperationalpeen2017and
ommissionin
nSeptember
montYankeees. Asanopwithnearly
mpensatedemt economicdbyVermon1,000regioy.Thisincluersonalserv.
edecommisselmanagemm period, thnel. With tnty RegiontenanceatVn dependingEntergy),theion,or lesst
mmissioningpared to theted incominpowerplant.d2020andfi
ng in the Tri-C
r2014.
ebyindustryperational,phalfofthese
mployeeswocontributionntYankeeinnal jobsoveudesthelossvices–thata
ioningareexment (dry cashe needs atthis shift, thwill declineermontYankg on the actiVermontYathanthreep
intermsofttotal jobnungyears. InTheeconomfinallyto1,18
County Regi
y,intermsofpower‐genereinutilities,
10
orkingonthens to the Tritheregioni
erarelativelyofabout320
aresupported
xpectedtobesk storage othe Vermonhe economifurther. Akeewillhaveivities takingnkeesitewilercentof the
thereductionmbers in the2015‐16, themicimpacto85fewerjob
ion (net loss
fjobs,inbothrating facilitytheindustry
ei‐sy0d
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sector cloperationin Retail,Educationetc.) in2jobssuppfeweremmeantherepresenmovietheclosure otemporarthe2015sectorsautilitiesin
Table 2. Closure
Industry
Natur
P
Educa
Source:RNotes:AlrepresenindicatedThiseconlikely todecommi
Impacts of Ver
ass Donahue Insnomic and Public
assificationnalVermont, 54 jobs innandHealth014. AsVerportedbythemployees andenumberofting a net loeaters,hotelof Vermont Yryupticksse‐2016initialstheeconomndustrybeca
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