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Entergy in Talks to Sell FitzPatrick Nuclear Plant to Exelon

Entergy Corp. said it’s in discussions to sell its James A. FitzPatrick nuclear power plant in New York to Exelon Corp., as it seeks to keep the reactor operating amid competition from cheap shale gas and renewable energy.

The companies aim to complete negotiations by mid-August, Entergy said in a statement Wednesday. If no agreement is reached, Entergy will move forward with plans to shut and decommission FitzPatrick. The company has said that the reactor would cease operations in January 2017.