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
Golden Pearl Trading Corp. is recalling certain ready-to-eat or RTE imported Siluriformes products that were produced without benefit of import inspection, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves around 12,054 pounds of Siluriformes products that were not presented for import re-inspection into the United States. The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft... STIHL recalls about 16,400 STIHL RE 90 pressure washers due to injury hazard. According to the company, the recalled pressure washer nozzle can disconnect from the spray wand when under pressure during use, posing an injury hazard. STIHL said it received seven reports of the nozzle detaching from...
RELATED NEWS
Follow RTT
>