Entergy nixes nuclear spin-off plans
by Associated Press
Published: April 5,2010
NEW ORLEANS — Entergy Corp. says it will end plans for its proposed spinoff of six nuclear power stations into a separate company.
In March, New York utility regulators rejected the plan for the company, called Enexus Energy Corp. and EquaGen LLC, because it wasn’t in the public interest.
Entergy said today it would end plans for the company and “redirect its efforts into other strategies as soon as possible in 2010.”
Entergy estimates it will cost 40 cents to 45 cents per share in charges to close the Enexus operations, in write-offs and other costs.
The company, based in New Orleans, also said it raised its quarterly dividend to 83 cents from 75 cents, payable June 1 to shareholders of record as of May 12.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Entergy nixes nuclear spin-off plans”
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Mississippi State makes NSF ranking of research universities
- Chaney drops lawsuit against National Flood Insurance Program
- Hood joins other AGs in efforts to curb copper theft
- Entergy gives $500K grant to The Nature Conservancy
- Sawtimber, pulpwood markets improving, but challenges remain