Why Are Top Entergy Executives Selling Their Own Stock?

Feb 2006
12,705
1,933
California
#1
WASHINGTON - April 16 - Tuesday, GreenWorldbroke the story of a recent pattern of stock sales by top executives at Entergy, the nation’s second-largest operator of nuclear power stations. The CEO, CFO, Chief Accounting Officer, and Senior VPs for Government Affairs and Human Resources have all sold large amounts of their stock in Entergy, with CEO Leo Denault unloading over 55% of his shares in December and CAO Alyson Mount selling 46% of hers on April 9.

CFO Andrew Marsh and SVP for Government Affairs Kimberly Despeaux each sold over 20% of their Entergy stock in February. The insiders’ apparent lack of confidence in the corporation’s prospects contradicts a rosy 1st Quarter earnings report, also released yesterday, reporting higher than expected returns following an unexpectedly cold winter with unusual energy price spikes.

Over the last year, several investment firms have reported on major problems confronting Entergy’s nuclear power business, due to a long-term decline in energy prices that puts nuclear generators at a competitive disadvantage. Several reactors could close due to their poor economics over the next few years, including a majority of Entergy’s nuclear fleet. This winter’s price spikes do not necessarily change the long-term outlook for the nuclear industry, as utility and energy market regulators respond to mitigate those problems. The stock sales from Entergy executives indicate insiders may have even less confidence than industry analysts in the company’s prospects. And since Entergy’s nuclear business is the most significant known problem for the corporation, the executives’ moves raise questions about whether investors should expect larger problems or major announcements this year.

https://www.commondreams.org/newswire/2014/04/16-1
 
Feb 2006
12,705
1,933
California
#2
Entergy sues Department of Energy for spent fuel costs

BRATTLEBORO — In what it is terming “Round 2,” Entergy Nuclear Vermont Yankee is once again suing the U.S. Department of Energy for failing to live up to its contractual agreement to take custody of nuclear waste produced at the plant in Vernon.

In “Round 1,” which began in 2008 and was resolved by a federal appeals court in June of 2012, Entergy was awarded nearly $88 million for its expenses related to the management and storage of spent nuclear fuel and legal costs incurred in pursuing its complaint against DOE.

Entergy sues Department of Energy for spent fuel costs - VTDigger



 
Feb 2006
12,705
1,933
California
#4
We reported in May 2011 that authorities knew – within days or weeks - that all 3 active Fukushima nuclear reactors had melted down, but covered up that fact for months.

The next month, we reported that Fukushima’s reactors had actually suffered something much worse: nuclear melt-throughs, where the nuclear fuel melted through the containment vessels and into the ground. At the time, this was described as:

The worst possibility in a nuclear accident.

But now, it turns out that some of the Fukushima reactors have suffered even a more extreme type of damage: melt-OUTS.

Fukushima Didn?t Just Suffer Three Meltdowns ? The Nuclear Core Has Finally Been Found ? Scattered All Over Japan | Global Research

"Fuel Rods Most Likely Melt[ed] COMPLETELY at Reactors 1, 2 AND 3 in the Early Hours of the Crisis, Raising the Danger of More Catastrophic Releases" Washington's Blog
 
Nov 2012
22,986
5,050
Gamma Solaris
#8
Fukushima is an ongoing, long-term, unmitigated disaster.

The risk-reward ratio of nuclear power is negative.
It might be positive if you figure that if we raise the background radiation to a point where we'd HAVE to settle Mars! :lol:
 

imaginethat

Forum Staff
Oct 2010
67,687
27,573
Colorado
#9
It might be positive if you figure that if we raise the background radiation to a point where we'd HAVE to settle Mars! :lol:
That'd be going from the frying pan into the fire, Mars, no magnetic field, no ozone layer, gotta wear SPF 250 every single time you go outside to water the tomatoes.....
 

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