“Why Entergy thinks they can sell it is hard to see. Putting it up for sale is a sign of desperation. That’s the last thing you do before you give up and walk away.”
Walking away is not an option Entergy Corp. will comment on — yet. Nor will they declare that option off the table.
“For now we are just exploring the potential sale of the plant,” said Entergy spokesman Alex Schott. “It is one option that we feel is in the best interests of the shareholders and the 650 employees that work there.”
The company does not have a lot to explore. The plant recently shut down while Entergy officials plugged a leak of radioactive fluid from 40-year-old pipes serving the reactor.
Saturday, December 4, 2010
Reversal of fortune