SCRIBA, N.Y., March 31, 2017
/PRNewswire/ -- Entergy Corporation (NYSE: ETR) completed the
sale today 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.
Entergy's online address is entergy.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/entergy-completes-sale-of-james-a-fitzpatrick-nuclear-power-plant-to-exelon-300432591.html
SOURCE Entergy Corporation