Entergy Responds to PSC Offer

by Contributor | February 23, 2016 11:28 pm

“We have not received a definitive proposal from the state of New York since our settlement talks ended in late 2015. What we’ve read in the NYPSC’s press release today doesn’t provide us with any more certainty than we had in late 2015,” said Mike Twomey, vice president of external affairs for Entergy EWC.

Tuesday’s press release by the New York PSC will not change Entergy’s decision to close the FitzPatrick plant, he added.

“While we share the NYPSC’s concerns about the loss of nuclear generation, the financial implications of its efforts are too uncertain and this proposal comes too late to save FitzPatrick,” Twomey said. “Entergy met with New York State officials from the Governor’s office and with the PSC repeatedly over the last few years to discuss how the current New York market structure disadvantages nuclear generation, how nuclear power’s carbon-free attributes could be recognized in the market, and the financial challenges faced by the Fitzpatrick plant.  Unfortunately, these discussions resulted in no meaningful progress or policy changes by New York State.”

These meetings culminated in several months of face-to-face negotiations in late 2015 seeking a broader settlement regarding Entergy’s assets located in New York and to provide certainty to all stakeholders.

Those negotiations failed, “as New York State was unwilling to agree on a path that was mutually acceptable to both parties,” Twomey said. “At this point, we are moving forward with the safe and orderly shutdown of the Fitzpatrick plant.”

Source URL: https://oswegocountytoday.com/news/oswego/entergy-responds-to-psc-offer/

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