Entergy names Leonard CEO, Hintz president

Article Abstract:

New Orleans-based electric company, Entergy Corp., has promoted Wayne Leonard from president and COO to CEO. Leonard plans to continue divestitures of its transmissions business as deregulation changes the landscape of energy companies. Entergy's board of directors also promoted Donald Hintz from the head of the firm's nuclear division to president. Acquisition of more power plants, including nuclear power plants, is part of the company's agenda.

ELECTRIC, GAS, AND SANITARY SERVICES, Officials and employees, Electric power generation, Electric power transmission, Electric power production

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Entergy Chairman Lupberger resigns; Luft fills positions pending a search

Article Abstract:

Entergy Corp.'s chairman and CEO, Edwin Lupberger, announced his resignation from his posts. The resignation will go into effect immediately. Mr. Lupberger has been struggling to turn the New Orleans-based company around. He has been given a consulting job at Entergy. Bob Luft will be appointed as Entergy's acting chairman and CEO until a permanent replacement for Mr. Lupberger can be found.

Comment:

Chairman and CEO Edwin Lupberger announced his immediate resignation from his posts

Company Personnel, Article

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Entergy's $80 million offer for Pilgrim beats out rival Peco for nuclear plant

Article Abstract:

Entergy Corp. placed the winning bid for a nuclear power plant and related facilities on Cape Cod Bay, Pilgrim Nuclear Power Station. Peco Energy Co. also bid, but lost to Entergy's $80 million offer. Pilgrim cost $300 million to build and began operation in 1972. Its value is now placed at $650 million, many times more than the winning bid.

Acquisitions & mergers, Nuclear Electric Power, Nuclear Electric Power Generation, Electric services, Mergers, acquisitions and divestments, Nuclear energy, Nuclear power plants

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