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Stock Market & Financial Investment News

News Breaks
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 17, 2014
07:06 EDTETREntergy recorded charge of 37c related to decommissioning study
As previously disclosed, the preparation of an updated decommissioning study was necessary to support filing of the post-shutdown decommissioning activities report planned for December and to obtain access to the bulk of the funds in the VY nuclear decommissioning trust to perform decommissioning work. With VY nearing shutdown, and as a result of the new cost estimate for decommissioning, Entergy increased the decommissioning cost liability and recorded a corresponding impairment charge of approximately 37C per share, which will be reflected as a special item in third quarter 2014 results. The increased decommissioning cost estimate was largely driven by near-term activities about which there is more certainty now that the plant is about to enter the decommissioning phase. Entergy expects to fund decommissioning and spent fuel management costs through a combination of the VY nuclear decommissioning trust and financing, with financing being repaid from litigation recoveries of spent fuel costs from the federal government.
07:05 EDTETREntergy backs FY14 operating EPS $5.55-$6.75, consensus $6.15
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07:04 EDTETREntergy sees Q3 operational EPS $1.67, consensus $2.08
The Utility posted another quarter-over-quarter of industrial sales growth, led by the Gulf region of the service territory, and took steps to reduce uncertainty through a rate case settlement in Mississippi. EWC received added clarity on the decommissioning of the Vermont Yankee Nuclear Power Station, which, along with the rate case settlement, resulted in charges in third quarter 2014.
October 9, 2014
10:00 EDTETROn The Fly: Analyst Downgrade Summary
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06:51 EDTETREntergy downgraded to Neutral from Outperform at Macquarie
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