Three Mile Island. Chernobyl. And don't forget The China Syndrome. With their long, notorious track records of burning money and spewing toxic waste, it's hard to imagine that nuclear power plants could ever again be hot properties. But in Vernon, Vt., some of the nation's largest energy companies are battling to gobble one up. The Vermont Yankee plant, a 28-year-old nuclear war-horse, has become the target of a bidding war.
With the price of oil and natural gas escalating, concerns about global warming rising and electricity markets deregulating, these onetime white elephants are starting to look more like cash cows....
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