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Entergy to Close Palisades Nuclear Power Plant in Michigan
Palisades Power Purchase Agreement to End Early; Nuclear Plant to Close in 2018
COVERT, Mich. – Entergy Corporation (NYSE: ETR) and Consumers Energy, Michigan’s largest utility and the principal subsidiary of CMS Energy (NYSE: CMS), have agreed to an early termination of their power purchase agreement (PPA) for the Palisades Power Plant in Covert Township in 2018, lowering the costs to Consumers’ customers by as much as $172 million over four years. The agreement is subject to regulatory approvals. Separately, and assuming regulatory approvals are obtained for the PPA termination, Entergy intends to shut down the Palisades nuclear power plant permanently on Oct. 1, 2018.
- 600 PeoplePalisades provides hundreds of well-paying, highly skilled jobs for men and women in our area.
- $350,000Annual charitable contributions to community events and non-profit organizations.
Palisades Nuclear Plant is a vital source of safe, clean energy and we take great pride in our ability to maintain our facility safely and securely. We make significant operational improvements on an ongoing basis to help ensure the safety and performance of our facility.