Entergy makes spinoff deals in N.Y.
NEW ORLEANS -- Power provider Entergy Corp. has agreed to financial concessions in an attempt to win approval from New York regulators for its proposed spinoff of six nuclear units.
The New York State Public Service Commission is scheduled Thursday to consider whether to allow the New Orleans-based Entergy to create a separate, publicly traded company known as Enexus Energy Corp.
Enexus would take over Entergy's reactors that generate electricity sold on the supply-and-demand wholesale market, including the James A. Fitzpatrick station in Oswego County, N.Y., and two units at the Indian Point Energy Center in Westchester County, N.Y.
On Feb. 11, the staff of the New York commission recommended rejection of the spinoff, telling regulators Entergy's proposal -- as it now stands...
