Entergy nixes nuclear spin-off plans
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
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- (UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service
- Congressional delegation applauds Air Force's decision on Keesler, but not satisfied
- Deal for Jackson-Orlando flights in works with Allegiant
- County rescinds gun ban; sheriff says lawmakers may 'deal with the consequences'
- Businessman involved in Frankel insurance scam dies at 81
- Report: Mississippi sees biggest hike in home insurance premiums in U.S.
- Giles Ward will not seek reelection to Senate
- Great River Industries moving headquarters to Natchez
- Commission to decide if emergency should be declared in Delta school system
- Leadership in Law nomination form