Entergy Corporation
Entergy Completes Sale of James A. FitzPatrick Nuclear Power Plant to Exelon

April 3, 2017

Entergy Corporation (NYSE: ETR) completed the sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, NY, to Exelon Generation (NYSE: EXC). The transaction is another step in Entergy's exit from its merchant power business.

The completion of the transaction marks the culmination of months of preparation by employees from Entergy and Exelon to ensure a seamless transfer of the plant's federal operating license and many of FitzPatrick's approximately 600 employees to its new owner.

Entergy and Exelon announced the planned sale of FitzPatrick in August 2016, after Entergy announced its intention to close the plant in January 2017.  A critical factor was enactment of New York State's Clean Energy Standard program, approved in 2016, that recognizes the zero emission attributes of New York's nuclear power plants.

FitzPatrick completed a refueling and maintenance outage in February that will enable the plant to run for another operating cycle. The 838-megawatt plant generates carbon-free electricity for more than 800,000 homes and businesses.

About Entergy

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $10.8 billion and nearly 13,000 employees.

For more information:

Entergy Corporation

639 Loyola Ave
New Orleans, Louisiana
United States, 70113
Tel: 504-576-4000

Jerry Nappi
Tel: (cell): (914) 254-7132 or (office): (914) 489-6077
E-mail: jnappi@entergy.com

David Borde
Investor Relation
Tel: (504) 576-5668
E-mail: dborde@entergy.com

Link http://www.electricenergyonline.com/detail_news.php?ID=629934
Most consulted news
Click here to try the new version of Electric Energy Online!