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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.