Entergy Considering Sale of FitzPatrick Nuclear Plant to Exelon
Entergy Corp. announced on July 13 that it is in discussions with Exelon Corp. concerning the potential sale of the James A. FitzPatrick Nuclear Power Plant in Scriba, N.Y.
The news comes following the release of the New York Department of Public Service’s proposal to subsidize zero-emissions attributes of upstate nuclear power plants, including FitzPatrick (Figure 1).
Entergy announced on November 2, 2015, that it would retire the FitzPatrick plant. Key drivers cited by the company included “significantly reduced plant revenues due to low natural gas prices, a poor market design that fails to properly compensate nuclear generators like FitzPatrick for their benefits, as well as high operational costs.”
Today, Entergy said its discussions with Exelon are consistent with its commitment to consider any viable option that would allow FitzPatrick to remain in operation.…