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Entergy wants more time to finish spinoff

Associated Press - November 13, 2009 5:35 PM ET

MONTPELIER, Vt. (AP) - Entergy Corp. has asked federal regulators for more time to complete its planned spinoff of Vermont Yankee and four other nuclear stations to a newly created company.

New Orleans-based Entergy tells the Nuclear Regulatory Commission it wants more time to get still needed state approvals in Vermont and New York.

The NRC announced Friday it will consider the request that it extend the deadline for completing the transaction from Jan. 28 to Aug. 1.

Entergy hopes to create a new company to take over its Pilgrim nuclear plant in Plymouth, Mass., Vermont Yankee in Vernon, two reactors at the Indian Point Station and the separate Fitzpatrick plant, both in New York state, and the Palisades plant in Michigan.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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