Entergy Details Company-Wide Job Cuts

As it reported disappointing earnings Tuesday, Entergy offered more details on where it will cut 800 positions across its organization.

Calvert Cliffs nuclear plant. Source: NRCThe New Orleans Times-Picayune reported the company will trim 240 positions in Louisiana, 165 in Arkansas, 115 in Texas, 80 in Mississippi and the remainder in Massachusetts, Michigan, New York and Vermont. The effects of cost cutting are likely to be felt across the organization's nuclear fleet, which provides about a third of Entergy's electrical generation. It is made up of 11 reactors at Arkansas Nuclear One, Grand Gulf, River Bend, Waterford, Palisades, Indian Point, Fitzpatrick, Pilgrim and the Vermont Yankee.

The company reported earnings of 92 cents per share in the second quarter, down sharply from $2.06 during the same period the previous year. The company cited higher tax, operation, maintenance and depreciation expenses in its justification for a company-wide reorganization expected to save between $200 million and $250 million over the next few years.

Entergy has also filed suit against contractor companies at Arkansas Nuclear One, where a crane accident took the life of a worker earlier this year. Arkansas Business reported Monday that the suit named as defendants Bigge Crane & Rigging Co. of San Leandro, Calif., which built the equipment in question, as well as DP Engineering of Fort Worth, Texas, VEI General Contractors of Russellville, Ark., and an employee of DP Engineering. The suit alleges that Bigge failed to properly test the gantry crane, which failed during a turn and dropped a massive generator stator. The incident killed a 24-year-old contractor employee, injured eight others and caused extensive damage to the plant.

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