S&P: Entergy unchanged

Standard & Poor's said that Entergy Corp.'s (BBB/Watch negative) announcement regarding its agreement to acquire the Palisades nuclear facility from Consumers Energy Co. (BB/stable) does not affect the ratings, given the size of the deal and the incremental risk added to the business profile. Palisades is a 798 MW pressurized water reactor nuclear facility in Michigan.

The agency said that the transaction has a net purchase price of $350 million and includes a 15-year purchase-power agreement with Consumers Energy and the transfer of the decommissioning trust to Entergy.

Operating risk is somewhat mitigated by a good performance record and Entergy's expertise as an operator of nuclear facilities, S&P noted.

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