Entergy FAQ on Closing VY
From the Entergy site:
Frequently Asked Questions
When will Vermont Yankee close?
The company anticipates shutting down the Vermont Yankee Nuclear Power Station in fourth quarter 2014, with the exact date still to be determined.
Why was this decision made?
Vermont Yankee has an immensely talented, dedicated, and loyal workforce (about 630 employees) and a solid base of support in the community. We recognize that closing the plant on this schedule was certainly not the outcome they had hoped for, but we have reluctantly concluded that it is the appropriate action for us to take under the circumstances.
The decision to close Vermont Yankee in 2014 was based on a number of financial factors, including:

