Entergy 2015 Annual Report Download - page 30

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30
Clear vision, clear progress.
2015 Integrated Report
We formed a nuclear decommissioning organization in late 2015 to
focus on the safe transition to full dormancy of Pilgrim, FitzPatrick
and Vermont Yankee Nuclear Power Station, which transitioned to
a SAFSTOR organization at the end of 2014. The model for success at
Vermont Yankee and best practices from other decommissioning efforts
outside the company will be followed to ensure strong linkage among
site-specific decommissioning plans, application of best practices and
risk management.
The remaining EWC fleet includes three financially viable units – Palisades
Power Plant in Michigan and Indian Point Energy Center Units 2 and 3
in New York – as well as interests in several fossil and wind power plants.
We also provide management services to the Cooper Nuclear Power
Station in Nebraska. Palisades operates under a favorable power
purchase agreement that expires in 2022. Indian Point is a low-cost plant
located in a favorable market. It supplies on average 25 percent of the power for New York City and the
Westchester County area. We continue to pursue license renewal from the NRC for Indian Point Energy
Center through a multi-year process during which the plant continues to operate.
In addition to addressing market risks, we manage risks by operating safely and reliably. We were
disappointed in our operating performance in 2015. While Palisades successfully moved to Column 1
of the reactor oversight process, the NRC moved Pilgrim to Column 4, resulting in a substantial increase
in regulatory oversight. We also experienced several unplanned outages at Indian Point 3 during the year,
and in early 2016 the unit was moved down to Column 2 of the Reactor Oversight Process Action Matrix.
We are committed to resolving performance deficiencies and ensuring recovery in plant performance.
ECONOMIC
Indian Point Energy Center contributed $1.6 billion in 2014 to the New York economy, according to a
Nuclear Energy Institute study. The plant’s nearly 1,000 employees stimulate almost 4,400 additional
jobs in other businesses in New York.
Entergy Wholesale Commodities
Capacity factor: normalized percentage of the
period that the nuclear plants generate power
‘11 ‘12 ‘13 ‘14 ‘15
93 89 89 91 91
EWC Nuclear Fleet
Capacity Factor