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Tuesday, October 13, 2015 8:56:36 PM
ETR says current and forecast power prices have fallen ~$10/MW hour for an annual loss of more than $40M in revenue for the Pilgrim plant, the only nuclear power plant in Massachusetts.
ETR says it expected the plant to incur annual after-tax net losses on an operational basis of $10M-$30M for 2015, 2016 and 2017, before accounting for additional costs related to the decision to close the plant and any potential writedowns.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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