Entergy To Split Utility, Non-Utility Nuclear Facilities

Law360, New York (November 6, 2007, 12:00 AM EST) -- Entergy Corp. will spin off its non-utility nuclear business into a new entity called SpinCo, with Entergy shareholders to own 100% of it as well as the remaining utility nuclear business after the tax-free transaction is complete, Entergy announced Monday.

The Entergy Board of Directors voted in favor of pursuing such a plan on Nov. 3. The spin-off will result in a new, non-utility, independent, publicly traded company that would be susceptible to less regulation than Entergy's utility business.

“The Board of Directors’ decision to pursue...
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