logo
Plus   Neg
Share
Email

Entergy Shuts Down Pilgrim Nuclear Power Station Permanently - Quick Facts

Entergy Corp. (ETR) announced Monday that the control room operators at its Plymouth, Massachusetts-based Pilgrim Nuclear Power Station shut down its reactor for the final time on Friday, at 5:28 p.m.

The decision to shut down Pilgrim was the result of a number of financial factors, including low wholesale energy prices. The closure of Pilgrim is another important milestone in Entergy's exit of the merchant power business, as the company transitions to a pure-play utility business.

Entergy's remaining operating nuclear power plants in merchant power markets - Indian Point Unit 2 and Unit 3, in New York, and Palisades Power Plant, in Michigan, are scheduled to be shut down in 2020, 2021, and 2022, respectively.

These closures, along with the sale of these plants to decommissioning specialty companies, mark the end of Entergy's participation in merchant power markets and its return to a pure-play utility.

In August, Entergy announced the proposed sale of the subsidiary that owns Pilgrim to a Holtec International subsidiary, a decommissioning specialty company. Regulatory approval and closing of the transaction are targeted for 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners. Consumer Reports has once again recommended Tesla's Model 3 and Model S sedans as reliable, after the vehicles were previous downgraded by the organization. Consumer Reports said that the two sedans regained its recommendation due to improved reliability reports from owners of the cars, based on the results of its annual Auto Reliability Survey that were announced Thursday. Sears Holdings recalled about 700 units of Kenmore Elite microwave ovens for possible electrical burn hazard, a statement by the U.S. Consumer Product Safety Commission said. The company said the incorrect wiring of the microwave oven causes its exterior to reach temperatures exceeding 183 degrees fahrenheit that could result in a burn hazard to the user.
RELATED NEWS
Follow RTT
>