entergy corp (ETR) Key Developments
Entergy Corporation Appoints Andy Katell as Vice President Overseeing Communications for its Northern US Nuclear Power Business
Jan 6 15
Entergy Corporation announced that it has named communications and journalism veteran Andy Katell as vice president overseeing communications for the company's northern US nuclear power business. Based in White Plains, NY, Katell reports to Entergy's group vice president of corporate communications, Necole J. Merritt. Katell joins after serving 10 years as a senior vice president at GE Energy Financial Services, GE's energy investing business, where among other duties he led communications for its equity investments in power projects with a capacity to produce 30 gigawatts of power.
Entergy Corp. to Close Vermont Yankee Nuclear Plant
Dec 29 14
Entergy Corp. said that it is closing the Vermont Yankee nuclear plant for economic reasons. The plant in Vernon is expected to disconnect from the regional power grid. The plant employed more than 600 people when it announced it would close. The workforce will be cut in half after a round of layoffs and retirements on Jan. 19, 2015. In 2016, the plant will see another big reduction as it prepares for a 30-year period during which time its radiation will cool. The plant likely won't be dismantled until the 2040's or later.
Entergy and Teamsters Local 456 Reach 5-Year Contract Agreement for Security Workers at Indian Point
Dec 16 14
Entergy and the International Brotherhood of Teamsters Local 456 have agreed on a new contract for the union's approximately 186 security workers at the Indian Point Energy Center. The five-year agreement was approved by union membership on October 27, 2014 and went into effect retroactively to cover the period from October 2, 2014 to October 2, 2019. Local 456 represents about 186 members who work in security positions at Indian Point.
Entergy Corp.'s Vermont Yankee Nuclear Plant Makes Pending Layoffs Official
Nov 20 14
Entergy Corp.'s Vermont Yankee nuclear plant has officially notified the state that it will be laying off 165 employees starting in January. The plant's workforce already has shrunk from the 625 who were employed there in August of 2013, when it announced it would close at the end of this year. Currently there are 554 active employees.
Entergy Announces New Transmission Operations Center in Capital City
Nov 11 14
Entergy is breaking ground on a new $23-million Transmission Operations Center in Jackson that will be one of two twin centers in the corporation's four-state service area. The 24,775-square-foot building will be a 'nerve center' where employees monitor the status of the transmission system, coordinate line outages for maintenance or repair and remotely operate switches and breakers at substations. One of the current facilities is near the Gulf of Mexico and is more susceptible to storms and hurricanes. Moving those functions further from the Gulf allows transmission to reduce operational risks from such events. The new centers will also be hardened to withstand F5 tornadoes. Consolidating the facilities will also result in significant savings, as maintaining two facilities costs less than maintaining six. The buildings are scheduled to be complete in summer 2016.