nuclear-news

Entergy closes unprofitable Fitzpatrick nuclear power plant

Lack of profitability forces Entergy to close Fitzpatrick nuclear power plant, Enformable, 2 Nov 15   Entergy officials have confirmed that late 2016 or early 2017 the Fitzpatrick nuclear power plant will be shut down instead of refueled and brought back online.

The plant was scheduled for refueling in September 2016 but has been losing Entergy money and can no longer be kept afloat. Wall Street analyst Julien Dumoulin-Smith of UBS Securities, recently predicted FitzPatrick would lose about $40 million in 2016 and as much as $85 million by 2018.  Entergy recently told investors that the Fitzpatrick plant had lost so much money, that it was worth nearly a billion dollars less than what it was valued at……http://enformable.com/2015/11/lack-of-profitability-forces-entergy-to-close-fitzpatrick-nuclear-power-plant/

November 4, 2015 - Posted by Christina Macpherson | business and costs, USA