Entergy (ETR)

Entergy remains committed to spinning off five of its nuclear power plants into a stand-alone company, but the company's CEO suggested a possible alternative Tuesday if it can't win regulatory approval in New York.
Entergy Chairman and Chief Executive J. Wayne Leonard said the company could spin off its utility businesses into a stand-alone company to accomplish the same goal of separating its regulated utility businesses concentrated in the Southeast from its nuclear plants that sell power at market prices. "We don't expect to go down that route, but it is a path to get you back to where you were. It just takes us longer and (requires) more regulatory approvals," said Leonard, speaking at the Edison Electric Institute's financial conference in Florida.

Nov 4 · 4:32:00 PM · Source: The Wall Street Journal
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by Michael Oliveto