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Article: ENTERGY GETS OK TO SPIN OFF PILGRIM NUCLEAR PLANT
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- July 29, 2008
CopyrightCopyright 2008 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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BUSINESS IN BRIEF
ENTERGY GETS OK TO SPIN OFF PILGRIM NUCLEAR PLANT
PLYMOUTH - Entergy Corp. has received approval from the Nuclear
Regulatory Commission to spin off its Pilgrim nuclear power plant
and four other plants.
The agency's approval of the license transfer for the power
plants took effect on Monday. The plants would be owned by a new
public company, Enexus Energy Corp., and operated by a new joint
venture known as EquaGen Nuclear LLC and owned by Enexus and
Entergy.
New Orleans' Entergy needs approvals from the Securities and
Exchange Commission and New York and Vermont regulators before the
company can complete the transaction. Officials in New York and
Vermont have raised ...