Palisades Power Plant Will Operate Until Spring 2022
Fri, 06 Oct 2017 17:28:59 EDT
Etnergy Corporation announced recently that it plans to operate Palisades Power Plant in Covert, Michigan, until the spring of 2022, under the existing Power Purchase Agreement (PPA) with Consumers Energy.
Charlie Arnone, Site Vice President and Entergy’s top official at Palisades mentioned that in light of the Michigan Public Service Commission’s order issued September 22nd, which granted Consumers Energy recovery of only $136.6 million of the $172 million it requested for the buyout of the PPA, the parties have agreed to terminate the buyout transaction.
The announcement reverses Entergy’s December 2016 decision to close Palisades on October 1st, but Entergy remains committed to its strategy of exiting the merchant nuclear power business.
“We greatly appreciate the continued patience of our employees and the local community in Southwest Michigan throughout this regulatory process, and we will continue to focus on the plant’s safe and reliable operations,” said Arnone. “Entergy will continue to make all necessary investments and maintain appropriate staffing, in accordance with strict licensing standards.”