Entergy pushes ahead with Enexus spin-off

By the end of July, Entergy Nuclear hopes to have an answer from New York and Vermont on whether the spin-off of six nuclear reactors into a separate holding company will be allowed to go ahead. Full Story
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brattleboro

Lisbon Falls, ME

#1 May 10, 2009
I believe the continued operation of VY is a good idea but the spin off is not.
Johnson

Brattleboro, VT

#2 May 10, 2009
This is legalized corruption. Entergy is slimier than a slug in a phlegm puddle.
PLAIN JANE

United States

#3 May 10, 2009
not to worry the obama promised to straighten out all this corruption and businesses being sleazy to the public. I believe him sinc everything so far has worked out in his favor
mike mulligan

Roslindale, MA

#4 May 10, 2009
I guess, do you think these grid markets are rational and serves our long term good. As we speak, we depended excessively in the bubble with adding electric capacity through coal and natural gas. Most of the new electric capacity addition for the last decade has come from natural gas. We have had tremendous capacity constraints with coal and natural gas, like rail capacity and piping inadequacies, so we added a lot of capacity in the bubble but not enough to bring down the cost of electricity. We have had enormous price spikes with coal and ng. Well, this has all collapsed. Remember we have made a lot of long term contracts during the bubble. When Obama came into office he predicted there would be a 1% decline in grid demand in 2009...there is now a 2% decline and climbing. Basically natural gas and coal prices have coal prices have collapsed. So we are in a utility era we have not seen in 50 years...deflation.

1) The extremist republican philosophy basically has destabilized all of our energy sources of electricity. We created the era of unprecedented boom and bust cycles. This is destroying public and corporate value more than creating wealth and serving the public. We are leaving behind tons of worthless equipment and investments stranded through these cycles....based on the price of speculation and not investing in fundamental energy infrastructure.
2) I think the cost savings of the decline of the coal and natural gas prices is inflating incomes of the utility CEO’s. It’s not going giving the rate payers a break or investing in updated equipment. The state regulatory authorities were pretty good with ramping up the cost of electricity to us while climbing the bubble...but they are terrible with reducing our electric rates with the declines of the prices of coal and natural gas and grid capacity. The big utilities just got these regulators in their pockets.
3) See, the market mechanisms only work in one direction...it only transfers profits to the well connected... then drags its feet in benefiting the little people. It not a real free market...it’s a market for the wealthy and connected.
4) I think we have just made the nuclear industry not profitable and we are driving them into being unsafe.
5) You catch what Leonard is doing...he is depending on his political and regulatory buddies to keep the electric rates high to his regulated nuclear plants. I’d considered Leonard as a opportunistic infection. Why he is dumping his merchant non regulated nuclear plants, is he knows grid prices are spinning down in this deflationary environment and there will be less profits made on them in the face of antiquated equipment and the political environment.
6) He may be trying to protect Entergy’s assets and good will. I’ll bet you he knows the risk of a nuclear accident is increasing or a significant nuclear public relations disasters is around the corner. Didn’t the Southern company do the exactly the same thing with their speculation merchant NG peaker plants...created the Mirant corporation that failed that protected the southern company. So when the event occurs, he wants to say that it was a separate company and I wasn’t kept in the loop. He want his company isolated from the cost of the clean up, and more important, he wants to limit the impairment of Entergy’s financial credibility in the market with a nuclear credibility accident like TMI.
7) So it’s win win...Entergy gets 4 billion dollars from the sale of their increasingly not profitable troubled plants and it has isolated them from responsibility and accountability as a by product of Entergy.
8) And the feds are going to let them get away with this.



mike mulligan

Roslindale, MA

#5 May 10, 2009
Yep, I seen that, Entergy threw out there typical ideological republican boggy man...the big bad Chinese monster is going to define global warning and America is powerless to effect the outcome. Yep, you throw out that altruistic boggy man that is out to distroy us all...then nobody questions your thought.

Personally, I think China is going to be selling modern coal plant technology to the USA...they got more experience building them and a better educated engineering population....and do it cheapy.

So big mouth Entergy’s CEO Leonard...how many “ultra critical” coal plants they got and how many are in the pipe line? Is their coal technological cutting edge as well advance as China? Proportionally are they developing advance coal technology as China is?

So they are betting the ranch on coal...

This guy and Entergy in nothing but a opportunistic leach on our society!

http://www.nytimes.com/2009/05/11/world/asia/...

May 11, 2009
China Emerges as a Leader in Clean Coal Technology
By KEITH BRADSHER
TIANJIN, China — China’s frenetic construction of coal-fired power plants has raised worries around the world about the effect on climate change. China now uses more coal than the United States, Europe and Japan combined, making it the world’s largest emitter of gases that are warming the planet.
But largely missing in the hand-wringing is this: China has emerged in the past two years as the world’s leading builder of so-called clean coal power plants, mastering the technology and driving down the cost.
While the United States is still debating whether to build a more efficient kind of coal-fired power plant that uses extremely hot steam, China has begun building them at a rate of one a month.
...The average efficiency of American coal-fired plants is still higher than the average efficiency of Chinese power plants because China built so many inefficient plants over the past decade. But China is now rapidly closing the gap by using some of the world’s most advanced designs.
...By adopting “ultra-supercritical” technology, which uses extremely hot steam to achieve the highest efficiency, China has cut its cost dramatically through the economies of scale from building many identical power plants at the same time.
The Brattleboro Informer

Newtown, CT

#6 May 10, 2009
Entergy is a great American Company providing an essential service. Entergy can build another reactor on the Vermont Yankee site so they can continue to produce clean energy for another 40+ years.
rustyjack

Barre, VT

#7 May 11, 2009
Unbelievable! Leveraging aging nuclear plants to create value for the owners. And when the new company files bankruptcy, it dumps the decommissioning costs on the taxpayers. Now that will be some real TOXIC assets relief program.
Johnson

Brattleboro, VT

#8 May 11, 2009
rustyjack wrote:
when the new company files bankruptcy, it dumps the decommissioning costs on the taxpayers.
That's exactly what's going to happen, and Entergy-owned Governor Douglas is going to prevent the legislature from protecting us.
mike mulligan

Roslindale, MA

#9 May 11, 2009
If this going to have any affect on the nuclear plants?

http://www.nytimes.com/2009/05/11/business/11...

May 11, 2009
Administration Plans to Strengthen Antitrust Rules
By STEPHEN LABATON
WASHINGTON — President Obama’s top antitrust official this week plans to restore an aggressive enforcement policy against corporations that use their market dominance to elbow out competitors or to keep them from gaining market share.
The new enforcement policy would reverse the Bush administration’s approach, which strongly favored defendants against antitrust claims. It would restore a policy that led to the landmark antitrust lawsuits against Microsoft and Intel in the 1990s.
The head of the Justice Department’s antitrust division, Christine A. Varney, is to announce the policy reversal in a speech she will give on Monday before the Center for American Progress, a liberal policy research organization. She will deliver the same speech on Tuesday to the United States Chamber of Commerce.
Localkid

Little Rock, AR

#10 May 11, 2009
Have to be honest, this spinoff idea isn't sitting that well with me either.
Weather Eye

United States

#11 May 11, 2009
This story opens far more questions than it answers. Aside from the fact that it reads like an Entergy press release with a few Sarah Hofmann quotes thrown in for "balance," the following raise major questions:

"Entergy is currently in settlement negotiations with New York, said Smith."

Settlement negotiations? Does this suggest there was some legal action on New York's part? If so, what?

"We've done a lot of work with them over the last couple of months providing them really stressful scenarios around Enexus and how the liquidity is as strong going forward as it has been with Entergy in the past."

... "Providing them really stressful scenarios"? What does that even mean?

Also, in the event of an accident would Entergy be protected from liability? Especially if, as reported, Enexus' only assets are the plants themselves? I'm less concerned with what they might mean for shareholders (I'll wager there are few enough of them in Windham County) and would like to know more about what it means for local residents and property owners.

Also, how, does it effect the question of the decommissioning fund?

Come on, Reformer!

Since: Aug 08

Concord, NH

#12 May 11, 2009
Weather Eye wrote:
Also, in the event of an accident would Entergy be protected from liability?
It would be no different than it is now.
Weather Eye wrote:
Also, how, does it effect the question of the decommissioning fund?
It would have no effect.

God forbid any of you learn how to use Google...
Johnson

Brattleboro, VT

#13 May 12, 2009
Entergy wrote:
<quoted text>
It would be no different than it is now.
<quoted text>
It would have no effect.
God forbid any of you learn how to use Google...
You'd say anything at all. Why would anyone believe you?

Since: Aug 08

Concord, NH

#14 May 12, 2009
Johnson wrote:
<quoted text>
You'd say anything at all. Why would anyone believe you?
I'd say anything backed up by the code of federal regulations or applicable case law, unlike yourself who constantly trolls this forum with your verbal diarrhea.

You have been constantly called out to discuss nuclear but have refused and resort to unsubstantiated positions and name calling.

As such, you get treated like a troll. If someone has actual questions about nuclear power, I am more than happy to send them to the actual information.
Johnson

Brattleboro, VT

#15 May 12, 2009
[QUOTE who="Entergy's lawyer"]
I'd say anything backed up by the code of federal regulations or applicable case law [/QUOTE]

...While Entergy constantly skirts the law by buying off the NRC and Governor Dugless, throws up the Enexus sham corporation to escape its responsibilities and refuses to tell the VT legislature what it's going to charge Vermonters for electricity after it gets its license extension.

No wonder people who've dealt with Entergy describe it as a bunch of slimeballs. How does it feel to be the public mouthpiece of the Entergy slimeballs?
Johnson

Brattleboro, VT

#16 May 12, 2009
Entergys lawyer wrote:
I'd say anything backed up by the code of federal regulations or applicable case law
...While Entergy constantly skirts the law by buying off the NRC and Governor Dugless, throws up the Enexus sham corporation to escape its responsibilities and refuses to tell the VT legislature what it's going to charge Vermonters for electricity after it gets its license extension.

No wonder people who've dealt with Entergy describe it as a bunch of slimeballs. How does it feel to be the public mouthpiece of the Entergy slimeballs?

Since: Aug 08

Concord, NH

#17 May 12, 2009
Johnson wrote:
...While Entergy constantly skirts the law by buying off the NRC and Governor Dugless, throws up the Enexus sham corporation to escape its responsibilities and refuses to tell the VT legislature what it's going to charge Vermonters for electricity after it gets its license extension.
Maybe I should start billing Entergy $200/hr instead of doing this pro bono...

You can't back up any of your accusations so you just repeat them over and over and hope that there are other people as stupid as you are out there (other than Shumlin and Edwards.)

Entergy has been quite clear, Vermont can either have power purchase agreement for below market rates or a profit sharing agreement, but not both. Why is that so hard for your little mind to understand?
mike mulligan

Roslindale, MA

#18 May 12, 2009
Go forward with nukes wrote:
<quoted text>
Maybe I should start billing Entergy $200/hr instead of doing this pro bono...
You can't back up any of your accusations so you just repeat them over and over and hope that there are other people as stupid as you are out there (other than Shumlin and Edwards.)
Entergy has been quite clear, Vermont can either have power purchase agreement for below market rates or a profit sharing agreement, but not both. Why is that so hard for your little mind to understand?
Entergy right now better be worried that we are going to deconstructive their intire nuclear program...the NRC is giving us cues that they just might help us?

Since: Aug 08

Concord, NH

#19 May 12, 2009
mike mulligan wrote:
Entergy right now better be worried that we are going to deconstructive their intire nuclear program...the NRC is giving us cues that they just might help us?
Wow, this is a new level of gibberish even for you Mike.
The Brattleboro Informer

Newtown, CT

#21 May 12, 2009
Elmer Fudd wrote:
<quoted text>
Is Midas Mulligan your 'inside source'?
Bwah-ha-ha-hah-hah
From the posts I've read from mad Mike Mulligan and Johnson(GFNB)the johnson hater, I'd give odds they've both spent some time in the Brattleboro Retreat's rubber room.

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