Top Executive At Entergy Is Reassigned
02/02/10 5:51PM By John Dillon
(Host) The Entergy Corporation has reassigned a top executive for providing misleading information to state regulators about the Vermont Yankee nuclear plant.
Entergy Corporation CEO Wayne Leonard said the company was trying to find out how its executives provided wrong information to the Legislature and the Public Service Board.
For more than a year, the company had said it had no underground pipes that could leak radioactivity. That turned out not be true. And Entergy has since disclosed that one of those pipes may the source of a radioactive leak at the plant.
In a conference call with investors, Leonard said company vice president Jay Thayer failed to provide accurate answers about the pipes to the state Public Service Board.
(Leonard) "He has issued a public apology and made clear that he failed to provide full and complete information either on the witness stand or by failing to get back to them. He has been permanently relieved of his duties in Vermont and placed on administrative leave pending the outcome of the investigation."
(Host) Governor Douglas last week said Entergy had to shake up its management team in order to regain its credibility in Vermont.
Leonard said he assured Governor Jim Douglas that the company will correct the mistakes.
(Leonard) "In conversations with Governor Douglas I made a personal commitment to not only resolve the known inconsistencies but also to seek out and find any and all discrepancies or less than clear information supplied by anyone in this process and correct the record."
(Host) Leonard said that the company remains committed to extending the license of the Yankee plant for another 20 years. But he said the Yankee plant right now is not generating a profit.