Entergy, NY Will Stick With $432M Deal

Law360, New York (August 26, 2008, 12:00 AM EDT) -- New York Attorney General Andrew Cuomo has diverted power generator Entergy Nuclear's plans to renege on its contract with the New York Power Authority – a move that would have cost the state nearly $432 million over the next six years.

On Monday, Cuomo's office announced that Entergy Nuclear, which owns three power plants in New York, had agreed to maintain its financial commitment to the state even as it plans to restructure by spinning off ownership of its nonutility nuclear energy operations into the nation's...
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