Entergy Works On Selling Indian Point After It Shuts Down

Feb 22, 2019

The parent company of the Indian Point nuclear power plant in New York is working towards selling the plant once it shuts down.

Entergy’s CEO referred to the transaction during an earnings call Wednesday, and on Thursday, Westchester County Executive George Latimer voiced concern about the decommissioning process when it comes to labor and the environment. Unit 2 is slated to shut down in 2020; and Unit 3, in 2021. Entergy spokesman Jerry Nappi says the company is actively working on a post-shutdown transaction for Buchanan-based Indian Point that could be announced between now and the end of the year. Nappi says the intended sale is consistent with Entergy’s previous statements and that it is similar to what Entergy announced at Vermont Yankee and the Pilgrim Nuclear Power Station. He says the sale would not close until after Indian Point shuts down.