Entergy 2006 Annual Report Download - page 22

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20
capacity improvements. Increasing our nuclear
generation through uprates and high capacity factors
enables us to meet our customers’ growing demand
for energy without increasing harmful emissions.
Currently, about one-third of our generation capacity
is supplied by nuclear power.
In 2006, the Nuclear Regulatory Commission
accepted our applications to renew our operating
licenses for an additional 20 years at the Vermont
Yankee Nuclear Power Station in Vermont, the
Pilgrim Nuclear Power Station in Massachusetts
and the James A. FitzPatrick Nuclear Power Plant
in New York. The operating licenses for Vermont
Yankee, Pilgrim and FitzPatrick are currently
scheduled to expire in 2012, 2012 and 2014,
respectively. In 2006, the NRC renewed the
operating license for the Palisades Nuclear Plant
for an additional 20 years, through 2031. Finally,
in November 2006, we formally announced our
intention to extend the license of our Indian Point
Energy Center. Former New York City Mayor
Rudy Giuliani and Greenpeace Co-founder
Dr. Patrick Moore joined us in announcing our
“Right for New York” license extension campaign.
We maintain dynamic points of view on
external factors such as commodity prices, the
regulation of carbon emissions and infrastructure
constraints in the generation and transmission of
energy. We use our points of view to guide our
hedging strategy for the output of our Northeast
fleet. Our hedging strategy seeks to balance the
risks and rewards of volatile commodity prices.
We layer in hedges to avoid the risk of timing
the market but retain the ability to leave up to
95
We strive to increase
our nuclear generation
through high capacity
factors to meet the
growing demand
for power.
Northeast Nuclear
Fleet Capacity Factor
%
77
Before ETR
ownership
2006