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Stock Market & Financial Investment News

News Breaks
December 23, 2013
15:06 EDTETREntergy sees Q4 charge of $45M from settlement with Vermont Yankee Station
On December 23, Entergy issued a press release announcing a settlement agreement with parties in Vermont regarding the remaining operation and decommissioning of the Vermont Yankee Nuclear Power Station in Vernon, Vermont. As a result of the settlement agreement, Entergy reassessed its assumptions regarding the timing of decommissioning cash flows. The reassessment is expected to result in an increase of approximately $30M in Vermont Yankee’s estimated decommissioning cost liability and a corresponding impairment charge, which will not result in future cash expenditures, in the fourth quarter. In addition to the impairment charge, Entergy expects in the fourth quarter to accrue additional expenses that result from commitments in the settlement agreement. Entergy expects the total fourth quarter impairment charge and expenses resulting from the settlement agreement to be approximately $45M ($29M after-tax).
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April 15, 2014
07:03 EDTETREntergy raises FY14 EPS to $5.55-$6.75 from $4.60-$5.40, consensus $5.33
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07:02 EDTETREntergy sees Q1 operational EPS $2.28, consensus $1.15
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