Tuesday, November 10, 2015

PC News Update : Entergy will pull the plug on Pilgrim by 2019, activists say not soon enough

On October 13th, Entergy made the announcement we have all been longing to hear - that Pilgrim will be closing. The excitement lasted for a brief minute until they mentioned a closing date by June 2019.

Entergy Corporation cited poor market conditions, reduced revenues and increased operational costs are the cause for their decision to close Pilgrim.

According to Entergy, the exact timing of the shutdown will depend on several factors, including further discussion with ISO-New England, and will be decided in the first half of 2016.

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