Entergy Corporation announced today that it will close its Pilgrim Nuclear Power Station in Plymouth, Mass., no later than June 1, 2019, because of poor market conditions, reduced revenues and increased operational costs. The company notified the independent system operator of the electric grid, the ISO New England Inc., that as of that date, Pilgrim would not participate as a capacity resource in the market.
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Entergy Corp. today announced that its wholesale generation division, Entergy Wholesale Commodities, has entered into an agreement to sell its 583-megawatt Rhode Island State Energy Center (RISEC), located in Johnston, R.I., to Carlyle Power Partners. The facility is a natural gas-fired, combined-cycle generating plant that entered commercial service in 2002.
Entergy Corporation announced that Mark Savoff, executive vice president and chief operating officer and Jeff Forbes, executive vice president and chief nuclear officer, plan to retire, effective first quarter 2016. Both leaders will transition to an advisory role beginning Nov. 1 until their effective retirement dates. Tim Mitchell, a 26-year Entergy nuclear veteran, has been named acting chief nuclear officer for the fleet, effective Nov. 1.
Entergy Corporation Chairman and Chief Executive Officer Leo Denault will provide a presentation as part of a panel discussion on Tuesday, Sept. 29, 2015, during the Wolfe Research Power & Gas Leaders Conference.
Entergy Corporation today announced the election of Philip L. Frederickson to its board of directors.
Entergy Corporation Chairman and Chief Executive Officer Leo Denault plans to provide a presentation on Thursday, Sept. 10, 2015, during the Barclays CEO Energy-Power Conference.
Entergy Corporation reported second quarter 2015 earnings per share of 83 cents on an as-reported basis and an operational basis, compared to second quarter 2014 as-reported EPS of $1.05 and operational EPS of $1.11.
The Board of Directors of Entergy Corporation has declared a quarterly dividend of $0.83 per common share.
Entergy Corporation will report second quarter earnings results before market open on Tuesday, Aug. 4, 2015, and host a teleconference at 10 a.m. CDT that day to discuss the earnings announcement and the company's financial performance.