Two NY Resolutions Are On Entergy's Meeting Agenda

May 1, 2014
WAMC, Allison Dunne

Two resolutions concerning the Indian Point nuclear power plant are on the agenda of Entergy’s annual shareholder meeting Friday. One is from the New York State comptroller, the other from an Ulster County resident.

Tax Credits, flickr

Much of the opposition to a proposed utility merger in the Hudson Valley has focused on community concerns, such as jobs, rate hikes, and investing locally. Now, at least one community member has taken his concerns to the Securities and Exchange Commission.

Canadian energy company Fortis would acquire Poughkeepsie-based CH Energy Group, parent of Central Hudson Gas and Electric Corporation, for about $1.5 billion. New Paltz resident Karl Budmen says shareholders will lose.