Utility Regulators Approve Sale of FitzPatrick Nuclear Plant


By Editors of Power Engineering

New York Utility regulators have approved the proposed sale of the FitzPatrick Nuclear Power Plant in Oswego County, the Associated Press reported.

Entergy Corp. seeks to sell the plant to Exelon Corp. for $110 million.

Even with the utility approval, the sale still needs approval from federal regulators to proceed.

The state of New York has authorized up to $7.6 billion in ratepayer subsidies to keep FitzPatrick, as well as two other nuclear plants in the state, operational. Entergy announced in 2015 it planned to shut down and decommission the plant, though the utility later pushed back the shutdown date to January 2017.

Owners of other power plants in the state have sued to block the subsidies, saying they’re unfair and illegal.

Entergy has said if the sale doesn’t go through, Entergy will move forward with the shutdown. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...