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Regulators opposing Entergy's spinoff to ITC

NEW ORLEANS — Opposition continues to grow among state regulators to Entergy Corp.’s plans to spin off its transmission system to ITC Holdings Corp. Regulators say customers would pay hundreds of millions of dollars more to maintain high-voltage wires in Arkansas, Louisiana, Mississippi and Texas while receiving mostly fuzzy benefits. Staff members in the states have recommended regulatory commissions reject ...

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Entergy expects lower earnings during third quarter

NEW ORLEANS — Entergy Corporation expects third quarter 2012 as-reported earnings of approximately $1.88 per share and operational earnings of approximately $1.94 per share, the New Orleans-based utility reports. Results for third quarter 2011 were $3.53 per share on both an as-reported basis and an operational basis, which included significant benefits associated with a settlement with the Internal Revenue Service. ...

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Entergy makes concessions for spinoff

NEW ORLEANS — Entergy Corp. has agreed to financial concessions in an attempt to win approval from New York regulators for its proposed spinoff of six nuclear units. The New York State Public Service Commission is scheduled Thursday to consider whether to allow the New Orleans-based Entergy to create a separate, publicly-traded company known as Enexus Energy Corp. Enexus would ...

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