Enexus,just like FairPoint but with nuclear waste disposal issues? Vermont Yankee may yet wind up as part of six other nuclear plants owned by a brand new leveraged ,deeply in debt  shell company .As Governor Douglas’s veto of the decommissioning bill looms keep in mind that VY may soon be shuffled off to Enexus providing shelter  for it’s “parent” company Entergy .

Entergy is still persuing the spin-off that will add,as they say “value for their stake holders” but little to no added value to Vermonters.One wonders what hollow reassurances Entergy will offer to state regulators to gain what it wants.Just as FairPoint reassured the state’s DPS regarding it’s capabilities.

Entergy said it’s “prepared to seize opportunities that add value for our stakeholders.” The New Orleans power firm said it’s moving ahead with plans to spin off its Enexus non-utility nuclear business from its regulated utility business through a tax-free spin-off of the non-utility nuclear business.

On a conference call with analysts, Entergy officials said the company remains in discussions with regulators in New York and Vermont over the spin-off of Enexus. Regulators have asked for information on the strength of the Enexus balance sheet, the company said.

Vermont Yankee is a merchant plant that sells power on the open market

http://www.marketwatch.com/sto…

Entergy is currently in settlement negotiations with New York, said Richard Smith, Entergy’s president and chief operating officer

“We’ve done a lot of work with them over the last couple of months providing them really stressful scenarios around Enexus and how the liquidity is as strong going forward as it has been with Entergy in the past.”

The same goes for Vermont, said  Smith,

http://www.reformer.com/ci_123…