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Researched by Industrial Info Resources (Sugar Land, Texas)--Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) plans to keep open its Palisades Nuclear Power Plant in Covert, Michigan, until the spring of 2022. Entergy had previously announced that it would close the facility by October 2018. The company still intends to completely exit the merchant nuclear power business. Industrial Info is tracking $5.8 billion in active Entergy projects.
The decision to keep the plant open until 2022 comes because the Michigan Public Service Commission agreed to grant only $136.6 million to recoup the power purchase agreement (PPA) made with the plant by Consumers Energy (Jackson, Michigan). The company had requested a recovery of $172 million from ratepayers for the buyout of the PPA, but the shortfall prompted Entergy and Consumers Energy to terminate the proposed buyout transaction and keep the plant operating for a few more years for financial reasons.
Other nuclear plants that Entergy has announced it will close include the Indian Point Nuclear Power Plant in New York by 2021 and the Pilgrim Nuclear Power Plant in Massachusetts in 2019. For additional information, see January 10, 2017, article - Entergy Strikes Deal to Close Indian Point Nuclear Plant. The company stopped operating its Vermont Yankee Nuclear Power Plant in late 2014. Entergy is expected to begin dismantlement and demolition of the plant in 2020. For more information, see Industrial Info's project report. Entergy completed the sale of the James A. FitzPatrick Nuclear Power Plant in New York to Exelon Corporation (NYSE:EXC) (Chicago, Illinois) earlier this year. For more information on the company's exit from nuclear merchant power, see February 16, 2017, article - Entergy Continues to Exit Merchant Business, Brings on Cleaner Energy Projects.
As Entergy exits the merchant nuclear power business, it continues a build-out natural gas combined-cycle projects in Texas and its home state of Louisiana. Among the largest of these is the 980-megawatt (MW) St. Charles Energy Center in Montz, Louisiana. Construction on the plant began in summer 2016 and is expected to take about three years to complete. Chicago Bridge & Iron (NYSE:CBI) (CB&I) (The Hague, Netherlands) is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $1 billion. For more information, see Industrial Info's project report.
Also in Louisiana, Entergy will construct a 994-MW combined-cycle facility in Westlake, Louisiana. The facility is being constructed on a brownfield site near an existing power station. CB&I also is acting as EPC contractor on the project, which is set to kick off in the first quarter of next year and be completed in 2020. For more information, see Industrial Info's project report.
In Texas, Entergy plans to construct a 993-MW combined-cycle plant in Willis. CB&I also will perform EPC on the project, which is set to begin in early 2019. The facility will be constructed adjacent to an existing power station and is set to be completed in late 2021. For more information, see Industrial Info's project report.
Despite this natural gas buildout, Entergy still retains coal-fired power in its service area. Among the largest coal-fired projects set to kick off this year is the nitrogen oxides (NOx) control retrofit at the 850-MW Unit 1 at the White Bluff Power Station in Redfield, Arkansas. Construction on the $80 million project is set for kickoff and completion in the fourth quarter of this year. Sargent & Lundy LLC (Chicago, Illinois) is performing engineering on the project. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
The decision to keep the plant open until 2022 comes because the Michigan Public Service Commission agreed to grant only $136.6 million to recoup the power purchase agreement (PPA) made with the plant by Consumers Energy (Jackson, Michigan). The company had requested a recovery of $172 million from ratepayers for the buyout of the PPA, but the shortfall prompted Entergy and Consumers Energy to terminate the proposed buyout transaction and keep the plant operating for a few more years for financial reasons.
Other nuclear plants that Entergy has announced it will close include the Indian Point Nuclear Power Plant in New York by 2021 and the Pilgrim Nuclear Power Plant in Massachusetts in 2019. For additional information, see January 10, 2017, article - Entergy Strikes Deal to Close Indian Point Nuclear Plant. The company stopped operating its Vermont Yankee Nuclear Power Plant in late 2014. Entergy is expected to begin dismantlement and demolition of the plant in 2020. For more information, see Industrial Info's project report. Entergy completed the sale of the James A. FitzPatrick Nuclear Power Plant in New York to Exelon Corporation (NYSE:EXC) (Chicago, Illinois) earlier this year. For more information on the company's exit from nuclear merchant power, see February 16, 2017, article - Entergy Continues to Exit Merchant Business, Brings on Cleaner Energy Projects.
As Entergy exits the merchant nuclear power business, it continues a build-out natural gas combined-cycle projects in Texas and its home state of Louisiana. Among the largest of these is the 980-megawatt (MW) St. Charles Energy Center in Montz, Louisiana. Construction on the plant began in summer 2016 and is expected to take about three years to complete. Chicago Bridge & Iron (NYSE:CBI) (CB&I) (The Hague, Netherlands) is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $1 billion. For more information, see Industrial Info's project report.
Also in Louisiana, Entergy will construct a 994-MW combined-cycle facility in Westlake, Louisiana. The facility is being constructed on a brownfield site near an existing power station. CB&I also is acting as EPC contractor on the project, which is set to kick off in the first quarter of next year and be completed in 2020. For more information, see Industrial Info's project report.
In Texas, Entergy plans to construct a 993-MW combined-cycle plant in Willis. CB&I also will perform EPC on the project, which is set to begin in early 2019. The facility will be constructed adjacent to an existing power station and is set to be completed in late 2021. For more information, see Industrial Info's project report.
Despite this natural gas buildout, Entergy still retains coal-fired power in its service area. Among the largest coal-fired projects set to kick off this year is the nitrogen oxides (NOx) control retrofit at the 850-MW Unit 1 at the White Bluff Power Station in Redfield, Arkansas. Construction on the $80 million project is set for kickoff and completion in the fourth quarter of this year. Sargent & Lundy LLC (Chicago, Illinois) is performing engineering on the project. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
