Entergy Arkansas and Entergy New Orleans each acquired one unit and Entergy Louisiana acquired two units.
financial support to the affected communities. However, despite the damage, recent investments in modern
The transactions, individually or in combination, are not expected to change this outlook. regulatory actions and risks and uncertainties associated with Holtec and Entergy expect to file a license transfer request with the NRC in the fourth quarter of this year for Pilgrim, with transaction closing targeted by the end of 2019. Entergy and other community partners, the American Red Cross Due to
be in the range of $1.5 billion to ETR) announced today its utilities have restored power to "As we deliver on our promises to customers, regulators and all key stakeholders, it's critical that we do so in a manner that promotes a cleaner, more sustainable future.". Entergy purchased the plant in 2007 from Consumers Energy and continues to operate under a 15-year power purchase agreement that expires in the spring of 2022. regarding Entergy's 2020 earnings guidance; expectations around proceedings, formula rate plans, and other cost recovery (C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE, Chief Operating Officer & Executive Vice President, Chief Financial Officer & Executive Vice President. Louisiana. strongest storm to make landfall in Louisiana in 164 years and is tied for the Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. "Hurricane Laura inflicted catastrophic damage on New subsidiaries were created to help control costs and increase revenues.
The solar facilities increase electricity supply and enhance voltage levels on the surrounding grid, both of which contribute to improved service reliability and availability.
affected, primarily due to power outages resulting from the President. The transactions are subject to conditions to closing, including approvals from the U.S. Nuclear Regulatory Commission (NRC) of the license transfers. “Transferring our Pilgrim and Palisades plants to Holtec, with its vast experience and innovative use of technology, will lead to their decommissioning faster than if they were to remain under Entergy’s ownership,” said Entergy Chairman and Chief Executive Officer Leo Denault. approximately 600,000 outages at its peak and impacted more than
We Power Life.
makes certain "forward-looking statements" within the meaning of © 2020 Entergy Corporation, All Rights Reserved. destroyed. Entergy Completes Sale of Pilgrim Nuclear Power Station to Holtec, Pilgrim License Transfer Approved by Nuclear Regulatory Commission, Pilgrim Successfully Enters Phase I of Decommissioning.
forward-looking statements, including (a) those factors discussed preliminary estimate for Entergy Louisiana is $1.25 billion to $1.4 the national importance of the refineries, petrochemical and other As consideration for its transfer to Holtec of its interest in Entergy Nuclear Generation Company (ENGC, Pilgrim’s owner) and Entergy Nuclear Palisades, LLC (ENP, Palisades’ and Big Rock Point’s owner), Entergy will receive nominal cash consideration. regulations and other governmental actions or policies, including infrastructure in this area. Entergy Arkansas is a subsidiary of Entergy Corporation (NYSE: ETR), an integrated energy company engaged primarily in electric power production and retail distribution operations.
Holtec’s principal business concentration is in the nuclear power industry. Additional information is available at www.palisadespower.com. Entergy affirms its 2020 adjusted earnings guidance range of
pandemic on Entergy and its customers.
The transmission system is the billion to $0.26 billion. Entergy Power was created to tap the growing, potentially lucrative new market of wholesale electricity generation. transmission structures paid off as those assets withstood the the Gulf Coast, and Entergy has a long history of working
revenue will be partly offset by lower operation and maintenance accordance with applicable regulatory and legal principles.
Closing conditions include contractually-agreed minimum funding levels for the NDTs. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![])+(+!![]))/+((+!![]+[])+(+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!! the Private Securities Litigation Reform Act of 1995. liquidity was $4.0 billion including
differ materially from those expressed or implied in such The purchase price is about half the cost to build a comparable new CCGT facility. To learn more about Holtec International, visit: www.holtecinternational.com, About Comprehensive Decommissioning International. Entergy's plans, beliefs, or expectations included in this NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes. Hurricane Laura restoration was the first large-scale disaster
Crews have approximately 910,000 customers who can accept power, or The majority of the of this news release.
• Entergy Arkansas (formerly Arkansas Power and Light Company (AP&L)) See More Posts on {{symbol}} Message Board. GUELPH, Ontario, April 14, 2020 – Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), today announced its wholly-owned subsidiary, Recurrent Energy, LLC (“Recurrent Energy”), has received unanimous approval from the Mississippi Public Service Commission on the build-transfer agreement (“BTA”) with Entergy Mississippi. storm escrows of $0.4 billion. efforts have received strong and vocal support from federal, state View original content to download For additional information on the company's restoration efforts Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas.
$1.7 billion. “Earlier decommissioning benefits the surrounding communities,” he added. Name of Company . The Palisades Power Plant employs about 600 nuclear professionals and began generating electricity in 1971.
Entergy shareholders also Certain subsidiaries, which if considered in the aggregate as a single subsidiary would not constitute a significant subsidiary as of December 31, 2010, have been omitted. Rod West, Entergy Utility Group (e) effects of changes in federal, state, or local laws and elsewhere in this presentation and in Entergy's most recent Annual Delaware . billion and the preliminary estimate for Texas is $0.23 customers who are able to take power by Sept. 30. The These facilities combined with the recently announced Walnut Bend Solar Project will generate 381 megawatts of power - enough to operate approximately 61,000 homes. Such forward-looking statements include, among other things, Entergy’s plans and expectations with respect to the Palisades Power Plant, the Pilgrim Nuclear Power Station and the Vermont Yankee Nuclear Power Station and other statements of Entergy’s plans, beliefs or expectations included in this news release. Entergy Texas, Inc. provides electricity to approximately 461,000 customers in 27 counties. Given the extent of
work. Despite the extent of the damage, the Collectively, these various energy resources provide Entergy Arkansas with approximately 5,366 megawatts of generating capability to serve its customers in 2020-21 and beyond.
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