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Monday, April 18, 2016 4:14:39 AM
ETR had announced earlier that it was considering shutting the unit as early as spring 2017, because the unit is losing ~$40M/year with little chance its economics will improve in the foreseeable future.
The company says the decision to close the plant at the back end of the two-year window was made to fulfill its contractual obligations to supply the region's power grid.
ETR permanently shut the 635 MW Vermont Yankee reactor in 2014, and said in February that it would permanently shut the 849 MW FitzPatrick plant in New York in January 2017.
Purely My Own Opinion. Do Your Own Due Diligence.
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Recent ETR News
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:20:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 11:36:07 PM
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- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:03:24 PM
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