- Pitchforks, Torches and Facebook
- A Better Place to Get Better
- Westchester Politics, Never Boring..
- Relentless Mother Nature Pummels Westchester Again!
- Stray Dogs. Why do People Let Them Stray?
- Don't put away that shovel just yet...
- Olympic Hopes Dashed
- Squeezing Blood from Upstate Stones
- Take Nothing for Granted
- He WILL Get That Dinner... and a New Spirit of Political Cooperation
Entergy Spinoff Rejected
Saying the deal is "Not in the public interest," the State Public Service Commission Thursday rejected Entergy Corporation's plan to spin off its six nuclear power plants, including Indian Point, into a separate company.
The PSC said its primary reason for turning down the proposed deal is that the resulting company--Enexus Energy Corporation -- would be financially shaky.
Last month, the PSC said that because the three New York power plants cover 15 percent of the state's energy consumption, they cannot afford to fail. It says should the company became insolvent and be unable to operate the plant, the public would be affected and rates would go up. Entergy responded by restructuring debt and promising to restrict dividend payouts to shareholders. Despite the proposed changes, the PSC denied the request on Thursday. Entergy says its board will meet shortly and be briefed on the situation.
In addition to the two power plants at Indian Point, the New Orleans-based Entergy operates the James A Fitzpatrick Station in Oswego County, NY, The Palisades Power Plant in Covert, Michigan, Vermont Yankee in Vernon, Vermont, and the Pilgrim Nuclear Station near Plymouth, Massachussetts.
Around the Country
- Southwest to Cancel Flights as Jets Checked for Cracks - BusinessWeek
- Schumer: Dems slicing budget with scalpel, Tea Party using meat ax - CNN (blog)
- Duke lacrosse accuser arrested in boyfriend's stabbing - CNN International
- House GOP: $4 trillion in cuts - CNN
- Bachmann bids for 'bama eyes - Seattle Post Intelligencer
Around the Planet
- Afghans Continue Protests Over US Quran Burning - Voice of America
- Japan's nuclear workers try to trace leak, dump radioactive water - Los Angeles Times
- OSCE raps Kazakh election, presses for reforms - Reuters
- Newsmaker: Yemen survivor Saleh juggles forces to keep power - Reuters
- France says finds bodies in Atlantic crash wreckage - Reuters