about the “Entergy” tax - Part One

July 14th, 2007
critical thinking, education, taxes

(We all should give this up…)

First, some simple arithmetic.

Vermont Yankee generates about 4,444,152 megawatt hours of electricity each year (this is the output for 2003). Since we “pay” for electricity on a “per kilowatt hour”, we multiply by 1000 for the annual kilowatt hour output: or simply add three zeros: 4,444,152,000. Next we look up the average residential rate for electricity in Vermont which for April 2007 is $0.1434 (fourteen cents per kilowatt hour). Again, some simple multiplication: 4,444,152,000 x 0.1434 = 637291396.80 or more intelligibly about 637 million dollars in gross revenue. That’s $637 million dollars. (Actually, the average rate for all use sectors is $00.1203 per kilowatt hour so the actual gross revenue is somewhat less.)

So this is what the nasty big corporation Entergy makes from Vermont Yankee! And Vermont’s education budget is what? So between the NEA and Entergy, who is the bigger business in Vermont?

The difference I guess is that our educators are “Vermonters” and those boys at Entergy are “out-of-state”.

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