Credit Crunch Threatens Entergy Nuclear Spin-Off

Law360, New York (October 10, 2008, 12:00 AM EDT) -- The credit crunch could push back Entergy Corp.’s plans to spin off its nonutility nuclear energy operations into the first independent, publicly traded nuclear energy company in the United States.

Entergy initially planned to launch the stand-alone company, which would hold Entergy’s more profitable nuclear facilities, by the end of the year. But the energy titan’s plan requires the issuance of around $4.5 billion in new debt, and financing costs have spiked significantly since the plan was announced last November.

The Wall Street Journal raised the...
To view the full article, register now.