Entergy 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."
Entergy downgraded to Sell from Neutral at Goldman Goldman downgraded Entergy to Sell due to below consensus estimates due to sower regulated growth at the regulated segment and lower Northeast power prices in the non-regulated business. The firm's price target is $68 on shares.