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Exelon in talks to acquire Entergy's FitzPatrick nuke

is in talks toacquire the James A.FitzPatrick facility, with negotiations targeted forcompletion in mid-August.

plans toretire FitzPatrickgiven poor economics of maintaining the facility which is adjacent to Exelon'sNine Mile Pointnuclear plant.

Theacquisition is dependent on the approval of a to subsidize New York's upstatenuclear plants. Exelon said it would immediately reinvest $200 million in itsplants if the program is approved, though warned that it may have to go"in a different direction" if that is not the case.

Exelonplans to continue operating the FitzPatrick plant post acquisition. "[W]e are working with Exelonto come to commercial terms on a sale transaction that depends largely on the finalterms and timeliness of the New York State Clean Energy Standard,"Entergy WholesaleCommodities President Bill Mohl said in a July 13 news release.

Accordingto The Post-Standard of Syracuse,N.Y., New York Gov. Andrew Cuomo's administration is facilitating talks betweenthe nuclear operators.