In a further time-saving move for Vermont’s Public Service Board, which has yet to rule on Entergy Nuclear’s request to join six aging reactors in a shell corporation, NY’s Public Service Commission said NO! to Entergy’s request. Three of the six reactors Entergy wanted to spin off into Enexus are located in NY. The others are in VT, MA and MI.
http://www.nasdaq.com/aspx/sto…
The decision by the New York Public Service Commission is a major set back for the New Orleans-based power company…
Entergy executives have conceded investor fatigue exists over the spinoff.
“Investor fatigue”???
How about “regulator incredulity and public suspicion”?
Seriously, what does “investor fatigue” have to do with Entergy’s repudiation by the New York PSC?
it’s hardly a surprise that they would look rather dimly on Entergy’s thinly veiled attempt to distance themselves from the inevitable problems looming just beyond the visible horizon.