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Article: NEWSLINE - BUSINESS; Katrina to cut into Entergy bottom line
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- September 7, 2005
- Author:
CopyrightCopyright 2005 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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PLYMOUTH - Entergy Corp., the owner of the Pilgrim nuclear power
plant in Plymouth, said it is unable to affirm its earnings guidance
for the year, given the widespread power disruptions on the Gulf
Coast caused by Hurricane Katrina. Before to the storm, Entergy had
forecast full-year earnings of $4.60 to $4.85 a share. It now expects
lower revenue because of outages and an inability to bill utility
customers in the region for service received before the storm.
Entergy, which evacuated its New Orleans headquarters, also said its
capital expenses will be higher because of restoration costs.
Insurer suspends billing in Gulf area
BOSTON - Liberty Mutual Group said it will continue to insure ...
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