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Entergy files application with FERC for spin-off/merger

NEW ORLEANS — ITC Holdings Corp. and Entergy Corporation have filed a joint application with the Federal Energy Regulatory Commission (FERC) seeking approval for Entergy’s utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC. Upon closing of the transaction, ITC will become one of the largest electric transmission companies in the U.S., ...

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Entergy: Isaac's costs run $400M-$500M

NEW ORLEANS — Entergy Corporation has released an update on preliminary financial effects, liquidity resources and recovery initiatives after Hurricane Isaac. Total restoration costs for the repair and/or replacement of the electrical facilities in areas with damage from Isaac are estimated to be in the range of $400 million-$500 million. Each utility company is responsible for its restoration cost obligations ...

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