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”
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- Miss. surgeon sentenced in tax evasion case
- Shale oil: market correction or longterm direction?
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Hyatt-Place is Columbus’ newest hotel option
- Two new casinos like the odds on Mississippi Gulf Coast
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job