Entergy pushes to get spinoff of reactors done
NEW YORK STATE - Entergy Corp. has filed a proposal with utility regulators in New York State in a push to get approval of its long-running plan to spin off some of its nuclear power plants into a separate company.
Under a plan announced in late 2007, Entergy would spin off six nuclear reactors involved in the wholesale power business into a separate publicly traded company called Enexus Energy Corp.
Enexus would control five nuclear operations: Pilgrim Nuclear Station near Plymouth, Mass.; the James A. Fitzpatrick station in Oswego County, N.Y.; two units at the Indian Point Energy Center in Westchester County, N.Y.; Vermont Yankee in Vernon, Vt.; and Palisades Power Plant in Covert, Mich.
The plants involved in the proposed spinoff all sell non-regulated power on the wholesale market, where prices can skyrocket as utilities try to cover shortfalls in peak-demand periods.
The spinoff has been approved by the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission and the Internal Revenue Service. In addition to New York, Entergy is awaiting a decision from state utility regulators in Vermont.
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Summerland solar power project will provide electricity
summerside solar - A proposed solar energy project, to be constructed on municipally-owned property on Cartwright Mountain, will allow Summerland Power to produce some of its own electricity.
On Monday evening, municipal staff described the Solar+Storage project.
The project will include around 3,200 solar panels and storage batteries, giving Summerland Power the ability to generate 1,200 megawatts of electrical power.
This is the amount of energy used by 100 homes over the course of a year.
The solar panels have an estimated life expectancy of 35 years, while the batteries have a life expectancy of 20 years.
“It’s a really big step for a small…
