Nuclear segment revenue at Entergy, New Orleans, was down over $200 million in 2021, mainly due to a New York nuclear reactor shutting down last spring, the company said in recently-published financial documents.
For the year ended Dec. 31, Entergy Wholesale Commodities, the business segment responsible for operating the company’s nuclear fleet, reported around $698 million in operating revenue, according to a 10-K form filed Feb. 25. That figure was down about 35% from the roughly $943 million Entergy’s nuclear business reported in 2020.
The company blamed the decrease on the closure of Indian Point’s Unit 3 reactor in April 2020 — a shutdown that also cost Entergy over 1,000 megawatts of electricity.
The nuclear segment’s income also plunged deeper into the red in 2021. Entergy Wholesale Commodities reported a net income loss of around 122 million, down 90% from the roughly $65 million it lost the year prior. That change, the company said, was also related to the Indian Point closure.
Overall, 2021 net income, including Entergy’s utility business, was around $1.1 billion, or $5.54 a share, down 18% year-over-year from roughly $1.4 billion, or $6.90 a share. Revenue was up, however, to around $11.7 billion, a 13% increase from roughly $10.1 billion in 2020.
“These results are a testimony to the effectiveness of our strategy, flexibility of our business, and the dedication of our employees,” Entergy CEO Leo Denault said in a press release Feb. 23. “Looking ahead, we have a solid foundation upon which to further invest in customer solutions, accelerate resilience efforts, increase our renewable portfolio, and promote clean electrification.”
Meanwhile, New Jersey-based nuclear services company Holtec International, which bought Indian Point from Entergy in 2019, is in the process of decommissioning the site. The company has said that dismantling the Buchanan, N.Y., plant is “on track.”
