James A Fitzpatrick – Entergy We power life. Sat, 01 Apr 2017 01:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 /wp-content/uploads/2024/06/cropped-FavIcon-32x32.png James A Fitzpatrick – Entergy 32 32 Entergy Completes Sale of James A. FitzPatrick Nuclear Power Plant to Exelon /news/entergy-completes-sale-jamesfitzpatrick-nuclear-power-plant-exelon Sat, 01 Apr 2017 01:30:00 +0000 /blog-post/entergy-completes-sale-jamesfitzpatrick-nuclear-power-plant-exelon/ SCRIBA, N.Y. – ϳԹ (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 ϳԹ 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

ϳԹ 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.

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Entergy’s online address isentergy.com

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James A. Fitzpatrick Nuclear Power Plant Refueled and Ready for Continued Operation /news/jamesfitzpatrick-nuclear-power-plant-refueled-ready-continued-operation-2 Wed, 01 Mar 2017 12:00:00 +0000 /blog-post/jamesfitzpatrick-nuclear-power-plant-refueled-ready-continued-operation-2/ Entergy and Exelon Generation prepare plant, employees for integration into Exelon nuclear fleet

SCRIBA, NY (March 1, 2017) — Operators returned Entergy Corp.’s (NYSE: ETR) James A. FitzPatrick Nuclear Power Plant to full power operation today at 9:07 a.m. following a refueling and maintenance outage that began on January 14. During the outage, more than 1,600 workers replaced about one-third of the reactor’s fuel and upgraded equipment, readying the plant for continued safe and reliable operation. FitzPatrick was originally scheduled to shut down in January 2017, until Exelon Generation (NYSE: EXC) agreed to purchase the plant.

“We are looking forward to operating the FitzPatrick plant. The employees and the community have been extraordinarily welcoming over the past few months,” said Exelon Generation Senior Vice President of Operations Chris Mudrick. “It was encouraging to see Exelon’s technicians working side-by-side with FitzPatrick’s plant employees. This outage was important because it meant preserving hundreds of full-time jobs, not only at the plant but in the community.”

More than 1,000 contract workers supported the outage. Exelon also provided more than 100 employees from across its nuclear fleet. The company purchased new fuel for the reactor, which was a condition of the transaction. Entergy and Exelon worked together to plan and execute the refueling and maintenance.

“I’m proud of this team and the synergistic approach between Entergy and Exelon,” said FitzPatrick Site Vice President Brian Sullivan. “Exelon not only provided expertise and consultation, but staff, resources and materials. Everyone at the site and in the community is fully committed to the plant’s long-term success.”

The influx of more than 1,000 outside workers and their associated spending at local hotels, restaurants, gas stations and stores provided a major economic boost to the community.

“We are very fortunate that FitzPatrick has decided to stay in our community. Weare a very small ecosystem and every business, no matter how big or small, contributes to it,” said Theresa Himes, owner of Bosco & Geers Food Market, Ltd. in nearby Oswego. “During these shutdowns, we not only get a huge influx of temporary labor, but we have a large number of our locals that work in support positions. That extra income is then spent supporting local business.”

“We have Governor Cuomo to thank for the continued economic stimulus in upstate New York,” said NYS IBEW Utility Labor Council ChairTed Skerpon. “Exelon’s purchase of FitzPatrick, coupled with the state’s Clean ϳԹ Standard, will save more than 1,400 direct and indirect jobs in our community. The IBEW was asked to provide hundreds of workers for this outage alone.”

In the near-term, Entergy and Exelon Generation are working closely together to assure a seamless transition between the companies, as FitzPatrick prepares to integrate into the Exelon nuclear fleet.

Late last year, the New York State Public Service Commission and Federal ϳԹ Regulatory Commission approved the transfer of ownership of FitzPatrick to Exelon, preserving nearly 600 full-time jobs at the plant. A Nuclear Regulatory Commission ruling on the transfer of FitzPatrick’s operating license and decommissioning trust fund to Exelon, the last of the regulatory approvals needed for transaction completion, is expected this spring.

The 838-megawatt James A. FitzPatrick Nuclear Power Plant generates carbon-free electricity for more than 800,000 homes and businesses.

Exelon operates two other nuclear energy facilities in upstate New York: R.E. Ginna and Nine Mile Point, the latter of which is adjacent to FitzPatrick. Together, these two plants provide carbon-free electricity to more than 2.5 million homes and businesses while employing more than 1,500 full-time workers.

Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.

ϳԹ (NYSE: ETR) 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 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.

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Exelon to Assume Ownership and Operation of Entergy’s James A. FitzPatrick Nuclear Power Plant in Upstate New York /news/exelon-assume-ownership-operation-entergyjamesfitzpatrick-nuclear-power-plant-upstate-new-york Tue, 09 Aug 2016 12:00:00 +0000 /blog-post/exelon-assume-ownership-operation-entergyjamesfitzpatrick-nuclear-power-plant-upstate-new-york/

CONTACT:

Paul Adams
Exelon Corporate Communications
410-470-4167
paul.adams@constellation.com

Tammy Holden
Entergy Communications
315-349-6681
tholden@entergy.com

SCRIBA, NY (Aug. 9, 2016) — Exelon Generation (NYSE: EXC), owner of the nation’s largest nuclear fleet, has agreed to assume ownership and management of operations of ϳԹ’s (NYSE: ETR) James A. FitzPatrick Nuclear Power Plant in Scriba, NY, the companies announced today. New York Governor Andrew Cuomo, who asked the New York Public Service Commission (PSC) to adopt a Clean ϳԹ Standard (CES) benefitting the state’s nuclear power plants, helped facilitate the transaction.

In recent months, Entergy and Exelon began discussing a path forward that would allow the plant to continue operating beyond January 2017. The CES, approved last week, will save thousands of high-paying jobs and spur hundreds of millions of dollars in short-term investments in energy infrastructure in upstate New York. Without the CES, upstate nuclear plants would have been at risk of closure.

“We are pleased to have reached an agreement for the continued operation of FitzPatrick,” Exelon President and Chief Executive Officer Chris Crane said. “We look forward to bringing FitzPatrick’s highly-skilled team of professionals into the Exelon Generation nuclear program, and to continue delivering to New York the environmental, economic and grid reliability benefits of this important energy asset.”

Under the agreement totaling $110 million, Entergy would transfer FitzPatrick’s operating license to Exelon. The New York Power Authority has agreed to transfer the decommissioning trust fund and liability for FitzPatrick to Entergy, and if regulatory approvals are obtained and the transaction closes, Entergy would then transfer the fund and associated liability to Exelon. Transaction closure is dependent upon regulatory review and approval by state and federal agencies, including the US Department of Justice, the Nuclear Regulatory Commission, the Federal ϳԹ Regulatory Commission and the New York State Public Service Commission. The transaction is expected to close in the second quarter of 2017.

As Exelon has previously indicated, approval of the CES means the company will reinvest millions right back into the upstate economy, including approximately $400-500 million in operations, integration and refueling expenditures for the upstate plants in spring of 2017, all of which will have a positive impact across the state. Exelon has committed to refueling FitzPatrick in January 2017 and does not anticipate any immediate change to staffing levels at the plant, which normally employs about 600 people.

Acquiring FitzPatrick aligns with Exelon’s broader efforts to preserve the nation’s existing nuclear energy facilities and the economic, environmental and reliability benefits they provide. New York’s nuclear plants power millions of homes and businesses. Replacing economically challenged nuclear units with carbon-based generation would significantly increase emissions in the state, making it far more difficult and expensive for customers and the state to meet their emissions reduction goals. The transaction also aligns with Entergy’s strategy of reducing its merchant power market footprint.

“I would like specifically to thank our employees who have continued to operate this plant safely and reliably, despite the uncertainty they have faced about a potential shutdown,” said Entergy Chairman and Chief Executive Officer Leo Denault. “The pending sale of FitzPatrick is in the best interests of all of our stakeholders: employees, owners, customers and communities, including New Yorkers who will benefit from the plant’s continued clean, safe and reliable energy production. We would like to thank New York Governor Andrew Cuomo and his administration for being progressive in placing a value on the carbon-free attribute that nuclear power plants provide.”

Crane added: “We thank Governor Cuomo and his administration for their part in facilitating an agreement to save FitzPatrick. His leadership on the CES and preserving zero-emissions assets has truly positioned New York as the nation’s leader in clean energy.”

The 838-megawatt James A. FitzPatrick Nuclear Power Plant generates carbon-free electricity for more than 800,000 homes and businesses.

Exelon operates two other nuclear energy facilities in upstate New York: R.E. Ginna and Nine Mile Point, the latter of which is adjacent to FitzPatrick. Together, Exelon’s two upstate plants provide carbon-free electricity to more than 2.5 million homes and businesses while employing more than 1,500 full-time staff.

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Entergy in Discussions for the Potential Sale of the James A. FitzPatrick Nuclear Power Plant to Exelon /news/entergy-discussions-potential-sale-jamesfitzpatrick-nuclear-power-plant-exelon Wed, 13 Jul 2016 23:03:00 +0000 /blog-post/entergy-discussions-potential-sale-jamesfitzpatrick-nuclear-power-plant-exelon/ SCRIBA, N.Y. – ϳԹ (NYSE: ETR) announced today that it is in discussions with Exelon Corporation (NYSE: EXC) for the potential sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, NY.

The discussions with Exelon are consistent with Entergy’s commitment to consider any viable option that would allow FitzPatrick to remain in operation. Entergy announced in November 2015 that it planned to shut down and decommission the FitzPatrick plant, later setting the timing to cease operations as late January 2017.

“In keeping with our corporate strategy to move away from merchant power marketsand toward a company operating exclusively as a utility in regulated markets, we are working with Exelon to come to commercial terms on a sale transaction that depends largely on the final terms and timeliness of the New York State Clean ϳԹ Standard,” said Entergy Wholesale Commodities President Bill Mohl. “We thank New York Governor Andrew Cuomo for his leadership in promoting the Clean ϳԹ Standard, which provides incentives for financially strapped nuclear power plants.”

In addition to the Clean ϳԹ Standard, any transaction between Entergy and Exelon would be subject to completion of definitive commercial agreements, as well as regulatory approvals.

If discussions between Entergy and Exelon do not result in an agreement for the sale and transfer of ownership of FitzPatrick, Entergy will move forward with its current plan to cease operations, followed by decommissioning.

“Our focus remains on providing employees and the community the best opportunity we can to prepare for either a transition to a new owner or a shutdown and decommissioning,” said Brian Sullivan, site vice president and Entergy’s top official at FitzPatrick.

Entergy’s discussions with Exelon provide the opportunity for a potentially different outcome for FitzPatrick, and therefore require the plant to proceed along two parallel paths: preparing for the plant’s permanent shutdown and decommissioning under the current plan, while also preparing for a possible refueling and continued operation in the event of a sale.

Negotiations with Exelon are ongoing, with a target for completion in mid-August, therefore Entergy said it cannot yet describe the material terms of any definitive agreement that it may enter into with Exelon.

About FitzPatrick and Entergy

The FitzPatrick Nuclear Power Plant generates 838 megawatts of nearly carbon-free electricity, enough to power more than 800,000 homes. Additional information regarding today’s announcement is available atwww.entergy.comand.

ϳԹ 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 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.

Cautionary Note Regarding Forward-Looking Statements

In this news release, and from time to time, ϳԹ makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, Entergy’s plans and expectations with respect to a potential sale of FitzPatrick or the future operations of the plant, and other statements of Entergy’s plans, beliefs or expectations included in this news release. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) nuclear plant operating and regulatory risks; (c) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (d) risks and uncertainties associated with strategic transactions that Entergy or its subsidiaries may undertake, including the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized and (e) economic conditions and conditions in commodity and capital markets during the periods covered by the forward-looking statements.

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Entergy Identifies and Stops Flow of Lubricating Oil at its James A. FitzPatrick Nuclear Power Plant /news/entergy-identifies-stops-flow-lubricating-oil-its-jamesfitzpatrick-nuclear-power-plant Tue, 28 Jun 2016 07:32:00 +0000 /blog-post/entergy-identifies-stops-flow-lubricating-oil-its-jamesfitzpatrick-nuclear-power-plant/ SCRIBA, NY – This morning, Entergy personnel at its James A. FitzPatrick Nuclear Power Plant in Scriba, NY, identified the source of oil released to the site’s discharge canal on Sunday and stopped the flow.

While this oil contains no PCBs, is non-radioactive, non-hazardous and has low potential health effects, any unintended release to Lake Ontario is not in accordance with Entergy’s standards.

A preliminary investigation has determined a tank that stores lubrication oil overfilled due to an apparent equipment failure. A pipe that acts as an air vent from the tank exits onto a building roof. Excess oil flowed through the vent pipe and pooled on the roof, then apparently migrated to a roof drain and eventually into Lake Ontario.

Equipment that discharges water to the lake has been turned off, and there is no apparent ongoing release of oil.

“We are taking appropriate actions to mitigate the environmental consequence from this event and working closely with appropriate local, state and federal agencies,” said Brian Sullivan, FitzPatrick’s site vice president and Entergy’s top official at the site. “We have identified the source of the oil, stopped the leak and put protective absorbent material and barriers in place to help mitigate additional oil from reaching the lake. Environmental protection is a hallmark of our operations, and we are taking all appropriate actions.”

Site personnel and environmental contractors are cleaning up the lubricating oil from the building and working within the discharge canal to absorb and contain any oil that reached the canal, which flows to Lake Ontario.

FitzPatrick nuclear power plant has been shut down since Friday afternoon, when control room operators removed the unit from service following a loss of power supply affecting water pumps at the plant.

About Entergy

ϳԹ (NYSE: ETR) 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 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.

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Entergy’s online address iswww.entergy.com.

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Entergy to Close James A. FitzPatrick Nuclear Power Plant in Central New York /news/entergy-close-jamesfitzpatrick-nuclear-power-plant-central-new-york-1829 Tue, 23 Feb 2016 12:00:00 +0000 /blog-post/entergy-close-jamesfitzpatrick-nuclear-power-plant-central-new-york-1829/ ϳԹ announced that the closure of the James A. FitzPatrick Nuclear Power Plant in Scriba, NY is planned for January 27, 2017. The company said its decision to close the plant is based on the continued deteriorating economics of the facility. The key drivers cited by the company include significantly reduced plant revenues due to low natural gas prices, a poor market design that fails to properly compensate nuclear generators like FitzPatrick for their benefits, as well as high operational costs.

Entergy reported to the operator of the electric grid, the New York Independent System Operator, and to the New York State Public Service Commission that it will retire the plant at the end of the current fuel cycle.

Entergy and New York State officials worked tirelessly to reach a constructive and mutually beneficial agreement to avoid a shutdown, but were unsuccessful.

“Given the financial challenges our merchant power plants face from sustained wholesale power price declines and other unfavorable market conditions, we have been assessing each asset,” said Leo Denault, Entergy’s chairman and chief executive officer. “As part of this review, we previously announced the closure of the Pilgrim Nuclear Generating Station in Massachusetts and have now decided that despite good operational performance, market conditions require us to also close the FitzPatrick nuclear plant,” Denault continued.

FitzPatrick employs more than 565 workers, and has been a part of the Oswego County community since it began generating electricity in 1975.

“We recognize the consequences of the shutdown for our employees and the surrounding community and pledge to do our best to support both during this transition. As a company, we are committed to ensuring the well-being of our employees, and appreciate their continued dedication to making safe, clean, secure and reliable operations a top priority,” Denault said. “Additionally, to the community of Oswego, we would like to express our gratitude for its overwhelming support and willingness to stand with us for more than 40 years.”

Financial Factors Behind Decision

The decision to close the FitzPatrick plant was based on the following factors that make it no longer economically viable:

  • Sustained low current and long-term wholesale energy prices, driven by record low gas prices due to the plant’s proximity to the Marcellus shale formation, have reduced the plant’s revenues. Current and forecast power prices have fallen by about $10 per megawatt-hour, which equates to a projected annual loss of more than $60 million in revenues for FitzPatrick.
  • Flawed market design fails to recognize or adequately compensate nuclear generators for their benefits. FitzPatrick and other nuclear power generators provide a key fuel diversity benefit with significant climate-related advantages. In addition to generating virtually carbon-free electricity, nuclear plants offer onsite fuel storage, maintain grid reliability and serve as a significant source of large-scale 24/7 energy generation.
  • The plant carries a high cost structure because it is a single unit. Entergy has already invested hundreds of millions of dollars to improve FitzPatrick’s reliability, safety and security. While the company will always make investments needed to assure safe operations, it considers the long-term financial viability of operating plants in markets that ignore the benefits of nuclear power.
  • The locational constraints reduce the plant’s revenues. The region has excess power supply and low demand.

Entergy’s Commitment to Nuclear Power

When FitzPatrick closes, Entergy will have one power generating facility in operation in New York State, the Indian Point ϳԹ Center in Buchanan, NY.

Entergy remains committed overall to nuclear power, whose benefits include carbon-free, reliable power that is cost-effective over the long term, contributes to supply diversity and energy security as part of a balanced energy portfolio. It provides almost two-thirds of America’s clean-air electricity.

Background Information

The FitzPatrick Nuclear Power Plant generates 838 megawatts of nearly carbon-free electricity, enough to power more than 800,000 homes.

Additional information regarding this announcement is available at www.entergy.comand .

ϳԹ 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 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $12 billion and approximately 13,000 employees.

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Entergy to Close James A. FitzPatrick Nuclear Power Plant in Central New York /news/entergy-close-jamesfitzpatrick-nuclear-power-plant-central-new-york Tue, 03 Nov 2015 00:03:00 +0000 /blog-post/entergy-close-jamesfitzpatrick-nuclear-power-plant-central-new-york/ Kay Jones (Media Relations)
(504) 576-4238
cjone22@entergy.com

Paula Waters (Investor Relations)
(504) 576-4380
pwater1@entergy.com

NEW ORLEANS– ϳԹ (NYSE: ETR) announced today that it will close the James A. FitzPatrick Nuclear Power Plant in Scriba, NY, in late 2016 or early 2017. The company said its decision to close the plant is based on the continued deteriorating economics of the facility. The key drivers cited by the company include significantly reduced plant revenues due to low natural gas prices, a poor market design that fails to properly compensate nuclear generators like FitzPatrick for their benefits, as well as high operational costs.

Entergy is reporting today to the operator of the electric grid, the New York Independent System Operator, and to the New York State Public Service Commission that it will retire the plant at the end of the current fuel cycle.

Entergy and New York State officials worked tirelessly over the past two months to reach a constructive and mutually beneficial agreement to avoid a shutdown, but were unsuccessful.

“Given the financial challenges our merchant power plants face from sustained wholesale power price declines and other unfavorable market conditions, we have been assessing each asset,” said Leo Denault, Entergy’s chairman and chief executive officer. “As part of this review, we previously announced the closure of the Pilgrim Nuclear Generating Station in Massachusetts and have now decided that despite good operational performance, market conditions require us to also close the FitzPatrick nuclear plant,” Denault continued.

FitzPatrick employs more than 600 workers, and has been a part of the Oswego County community since it began generating electricity in 1975.

“We recognize the consequences of the shutdown for our employees and the surrounding community and pledge to do our best to support both during this transition. As a company, we are committed to ensuring the well-being of our employees, and appreciate their continued dedication to making safe, clean, secure and reliable operations a top priority,” Denault said. “Additionally, to the community of Oswego, we would like to express our gratitude for its overwhelming support and willingness to stand with us for more than 40 years.”

Financial Factors Behind Decision

The decision to close the FitzPatrick plant was based on the following factors that make it no longer economically viable:

  • Sustained low current and long-term wholesale energy prices, driven by record low gas prices due to the plant’s proximity to the Marcellus shale formation, have reduced the plant’s revenues. Current and forecast power prices have fallen by about $10 per megawatt-hour, which equates to a projected annual loss of more than $60 million in revenues for FitzPatrick.
  • Flawed market design fails to recognize or adequately compensate nuclear generators for their benefits. FitzPatrick and other nuclear power generators provide a key fuel diversity benefit with significant climate-related advantages. In addition to generating virtually carbon-free electricity, nuclear plants offer onsite fuel storage, maintain grid reliability and serve as a significant source of large-scale 24/7 energy generation.
  • The plant carries a high cost structure because it is a single unit. Entergy has already invested hundreds of millions of dollars to improve FitzPatrick’s reliability, safety and security. While the company will always make investments needed to assure safe operations, it considers the long-term financial viability of operating plants in markets that ignore the benefits of nuclear power.
  • The locational constraints reduce the plant’s revenues. The region has excess power supply and low demand.

Entergy’s Commitment to Nuclear Power

When FitzPatrick closes, Entergy will have one power generating facility in operation in New York State, the Indian Point ϳԹ Center in Buchanan, NY.

Entergy remains committed overall to nuclear power, whose benefits include carbon-free, reliable power that is cost-effective over the long term, contributes to supply diversity and energy security as part of a balanced energy portfolio. It provides almost two-thirds of America’s clean-air electricity.

Background Information

The FitzPatrick Nuclear Power Plant generates 838 megawatts of nearly carbon-free electricity, enough to power more than 800,000 homes.

Additional information regarding today’s announcement is available at www.entergy.com and .

ϳԹ 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 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $12 billion and approximately 13,000 employees.

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Entergy’s Northeast Nuclear Plants Safely Weather Hurricane Sandy /news/entergys-northeast-nuclear-plants-safely-weather-hurricane-sandy Wed, 31 Oct 2012 01:59:00 +0000 /blog-post/entergys-northeast-nuclear-plants-safely-weather-hurricane-sandy/ NEW ORLEANS – With the brunt of Hurricane Sandy now past the eastern seaboard, Entergy’s Indian Point ϳԹ Center and James A. FitzPatrick Nuclear Power Plant in New York, Pilgrim Nuclear Power Station in Massachusetts and Vermont Yankee Nuclear Power Plant in Vermont have all safely weathered the storm.

Indian Point 2, FitzPatrick and Pilgrim remained at full power while Vermont Yankee reduced power to 88 percent at the request of ISO New England to help maintain grid stability. Indian Point 3 automatically shut down at 10:41 p.m. Monday as a result of an electrical grid disturbance.

“Nuclear plantsarebuilt to exceed the most severe natural forces historically reported for their geographic area,” said John Herron, president and CEO of Entergy Nuclear. “And we saw evidence of that again with Hurricane Sandy.”

Entergy Nuclear plants began preparations for the storm last week, coordinating activities with the Nuclear Regulatory Commission, the Federal Emergency Management Agency, independent system operators and various state and local government officials.

Critical Entergy Nuclear staff remained dedicated at each site, ready to respond to potential weather impacts.

In addition to the nuclear plant staff sequestered at Indian Point, FitzPatrick, Pilgrim and Vermont Yankee, the company’s utilities in Arkansas, Louisiana, Mississippi and Texas sent more than 850 highly-experienced restoration workers and support personnel to the region impacted by the hurricane. They include scouts, who assess damage when safe to do so after the storm, and tool workers who will help rebuild the electrical system. Entergy will also provide some customer service representatives to remotely answer customer calls from affected areas.

ϳԹ 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 more than 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.

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Entergy Nuclear Facilities Continue Preparations for Hurricane Sandy /news/entergy-nuclear-facilities-continue-preparations-for-hurricane-sandy Sat, 27 Oct 2012 09:15:00 +0000 /blog-post/entergy-nuclear-facilities-continue-preparations-for-hurricane-sandy/ NEW ORLEANS– Personnel at ϳԹ’s nuclear plants in the Northeast continue to track Hurricane Sandy’s path to ensure they are well prepared for the potential of high winds and rainfall. Entergy’s plants in the Northeast include Indian Point ϳԹ Center and James A. FitzPatrick Nuclear Power Plant inNew York, Pilgrim Nuclear Power Station inMassachusettsand Vermont Yankee Nuclear Power Station inVermont.

“Our nuclear plants are designed and built to withstand extreme weather,” said John Herron, president and CEO of Entergy Nuclear. “Our team of expert personnel has been working diligently to ensure our plants are well prepared for any impacts resulting from this storm.”

Preparations for the storm include reviewing emergency staffing plans and verifying emergency communications sources such as satellite phones and radios, communicating with local and state emergency response organizations, and securing outside material and equipment around the plant sites.

Back-up diesel-powered generators are available to provide electricity to plant safety systems if power from offsite sources is lost. In addition, in the event of a loss of offsite power, plants are designed to safely shut down.

ϳԹ 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 more than 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.

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Additional investor information can be accessed online at
www.entergy.com/investor_relations

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