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March 18, 2013
10:02 EDTETREntergy issues statement on Palisades Nuclear Power Plant
In regards to the recent media coverage of the Palisades Nuclear Power Plant and the industry topic of pressurized thermal shock, Entergy Corporation issued the following statement from Tony Vitale, Palisades' site vice president:"The Palisades nuclear plant is a safe and secure facility, and we have an NRC license to operate this facility through 2031. The Nuclear Regulatory Commission has strict rules, regulations and limits for all aspects of nuclear plant operations. This includes a program to monitor nuclear power plant reactor vessels and the potential impact of a rare accident scenario pressurized thermal shock in which a large amount of cold water is injected into the reactor resulting in rapid cooling of the reactor vessel. This is not a new topic or one that is unique to Palisades. In fact, for decades pressurized thermal shock has been well understood and well monitored by the owners and operators of the nation's pressurized water reactors. We have every reason to believe the test results will again demonstrate the safety and strength of the Palisades reactor vessel which will enable us to continue operating through the end of our license in 2031. We will submit an updated evaluation to the NRC for its review in the spring of 2014."
News For ETR From The Last 14 Days
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October 8, 2015
06:39 EDTETREntergy agrees to sell RISEC to Carlyle Power Partners
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October 5, 2015
16:23 EDTETREntergy COO, chief nuclear officer, to retire in 1Q16
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September 24, 2015
10:01 EDTETROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARC Group (ARCW) downgraded to In-Line from Outperform at Imperial Capital... DigitalGlobe (DGI) downgraded to Neutral from Overweight at JPMorgan... Entergy (ETR) downgraded to Sell from Neutral at UBS... Sabra Health Care (SBRA) downgraded to Sector Perform from Outperform at RBC Capital.
05:35 EDTETREntergy downgraded to Sell from Neutral at UBS
UBS analyst Julien Dumoulin-Smith downgraded Entergy to Sell saying the company's nuclear business is likely to shrink into year-end with potential early retirements of Fitzpatrick and Pilgrim. Dumoulin-Smith is "increasingly concerned" about Entergy's unregulated plant value and cut his price target for shares to $59 from $73. He sees downside risk to consensus estimates for the company.

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