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Dominion Resources tops Entergys offer for NYPAs nuclear plants: Dominion Resources Inc. announced its...
Dominion Resources tops Entergy`s offer for NYPA`s nuclear plants: Dominion Resources Inc. announced its offer of $686 million for the New York Power Authority`s Indian Point 3 and James A. FitzPatrick nuclear stations, topping by more than 12 percent Entergy`s $611 million bid. Dominion also offered $171 million for reactor fuel, matching Entergy`s offer.
Entergy Power Group, the wholesale power development unit of Entergy Corp., named Paul Wielgus senior vice president for business development. He will lead EPG`s power development efforts in and around Entergy`s service territory, including the Southwest Power Pool and ERCOT, as well as development activities in Mexico. He previously served as vice president for North American development and asset management for American Electric Power.
Entergy filed a transco plan with FERC proposing the transfer of transmission assets to the transco. In exchange, member companies would receive passive ownership, but no voting rights. With control of transmission assets, the transco would fully operate and maintain transmission systems and would assess the need for new transmission considering other resource options as part of an annual regional planning process.