Entergy cancels nuclear plans

Entergy Corp cancelled the planned spinoff of several of its nuclear power plants after hitting regulatory hurdles in New York, and the utility owner said it would take more than $75m (£49m) in charges from the effort. The company, the second-largest US nuclear power plant operator, said it would unwind the business infrastructure associated with the spinoff and take a charge of 40 cents to 45 cents per share, or $75.7m to $85.1m. Entergy had planned to spin off six reactors, including three in New York, into a new company called Enexus Energy Corp.