Deals
Entergy in Talks to Sell FitzPatrick Nuclear Plant to Exelon
- Companies are aiming to complete discussions by mid-August
- Deal may hinge on New York state clean energy subsidies
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Entergy Corp. said it’s in talks with Exelon Corp. to sell a nuclear plant that was slated for shutdown next year, a sign that New York’s proposal to keep upstate reactors operating is already yielding fruit.
The companies aim to complete discussions about the James A. FitzPatrick plant near Oswego by mid-August, Entergy said in a statement Wednesday. If no agreement is reached, Entergy will move forward with plans to shut and decommission FitzPatrick. The company has said that the reactor would cease operations in January 2017.