Entergy to Close James A. FitzPatrick Nuclear Power Plant in Central New YorkPosted Nov 02, 2015
NEW ORLEANS, Nov. 2, 2015 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today that it will close the James A. FitzPatrick Nuclear Power Plant in Scriba, NY, in late 2016 or early 2017. The company said its decision to close the plant is based on the continued deteriorating economics of the facility. The key drivers cited by the company include significantly reduced plant revenues due to low natural gas prices, a poor market design that fails to properly compensate nuclear generators like FitzPatrick for their benefits, as well as high operational costs.
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