Connect to share and comment

Entergy to resubmit stalled ITC Holdings grid sale plan in Texas

By Eileen O'Grady HOUSTON (Reuters) - Entergy Corp <ETR.N> will soon resubmit a plan to transfer its electric transmission assets to ITC Holdings <ITC.N> to Texas regulators for a second look, company officials said Friday. Last month, the $1.78 billion proposal faced certain rejection by the Texas Public Utility Commission and was withdrawn by Entergy Texas and ITC officials.

Federal agency approves Entergy grid transfer to ITC Holdings

(Reuters) - The Federal Energy Regulatory Commission (FERC) on Thursday approved Entergy Corp's <ETR.N> $1.78 billion plan to spin off and then merge its electric transmission business with ITC Holdings Corp <ITC.N>. FERC said in a statement that the transfer of assets is consistent with the public interest and meets the commission's merger policy.

UPDATE 3-Super Bowl power outage blamed on relay device

Feb 8 (Reuters) - U.S. power company Entergy Corp has discovered the cause of the power outage seen around the world, blaming the sudden darkness at the Super Bowl last Sunday on an electrical relay device. With over 108 million Americans watching a game which was televised in more than 180 countries worldwide, about half the stadium lights went dark early in the second half of the National Football League's championship game, in which the Baltimore Ravens defeated the San Francisco 49ers, 34-31.
Syndicate content