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Entergy Considering Sale of FitzPatrick Nuclear Plant to Exelon

  • By Admin
  • July 19, 2016
  • 20 Views

Entergy which announced in November 2015 that they planned to close James A. FitzPatrick nuclear plant is negotiating with Exelon for the potential sale of the 838MW plant located in Scriba, New York.

Entergy wholesale commodities president Bill Mohl said: “In keeping with our corporate strategy to move away from merchant power markets and 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 Energy Standard.”

The finalization of the governor’s Clean Energy Standard appears critical to not only the possible sale of the FitzPatrick plant, but the continued operation of Exelon’s other two nuclear facilities in New York State.

“Without Gov. Cuomo’s leadership and the development of the Clean Energy Standard, our units at Nine Mile Point and Ginna in Upstate New York are in jeopardy of closure,” says Joseph Dominguez, executive vice president for governmental and regulatory affairs and public policy, Exelon.

Entergy plans to complete negotiations with Exelon in mid-August and if discussions between the two 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 in late 2016 or early 2017, followed by decommissioning.

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