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March 26, 2010

Regulators Reject Entergy’s Effort to Spin Off Nuclear Power Plants
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New York regulators have rejected a plan by the energy giant Entergy to
spin off its nuclear power plants into a new company. Entergy runs five
nuclear power plants, including Vermont Yankee, which is scheduled to be
shut down. Critics said Entergy wanted to form the spinoff company to
insulate Entergy from the high costs of cleaning up Vermont Yankee and
other plants. John Stewart serves on the New York Public Service
Commission.

John Stewart: “At this point, we’ve completed our review of the
petitioners’ proposal. We’ve considered the comments. It’s our position
that Enexus is not a financially viable entity in the long run under
their proposal, and as such, the proposed transaction is not in the
public interest. It’s our recommendation, therefore, the commission deny
the proposal by petitioners.”



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