Breaking News
Loading...
Wednesday, 12 July 2006

Info Post
From Reuters:
Entergy Corp. (ETR.N: Quote, Profile, Research), the No. 2 U.S. nuclear power operator, on Wednesday said it agreed to buy a 798-megawatt nuclear plant from a CMS Energy Corp. (CMS.N: Quote, Profile, Research) subsidiary for $380 million.

The deal value includes $242 million for Consumers Energy's Palisades plant located near South Haven, Michigan; $83 million in nuclear fuel based on current market prices; and $55 million for related assets, the company said in a statement.

Entergy agreed to sell the entire output from the plant, up to its current level of 798 megawatts, back to Consumers Energy for 15 years.
Technorati tags: , , , , ,

0 comments:

Post a Comment

:) :)) ;(( :-) =)) ;( ;-( :d :-d @-) :p :o :>) (o) [-( :-? (p) :-s (m) 8-) :-t :-b b-( :-# =p~ $-) (b) (f) x-) (k) (h) (c) cheer
Click to see the code!
To insert emoticon you must added at least one space before the code.