Entergy, NuStart...Stealing Green...The Secret Plan

Over on Green Nuclear Butterfly there has been written a serious group of articles on how the DOE, George Bush, the nuclear industry (Entergy) want to give reactors a rebirth, and how they plan to steal the GREEN MANTLE from the environmental movement to accomplish this fact. Naysayers are sure to shake their heads and mumble something about another nutcase conspiracy from the far left...but is it?

Green Nuclear Butterfly suggests that readers start doing some research on their own compliments of the Google search engine. Terms such as NuStart, Entergy, DOE Nuclear 2010, and CASEnergy to name but a few. If you start connecting the dots, it paints a very disturbing picture, raises some very serious questions about our supposed Democratic Government, and the Industrial machine here in America.

For instance, one claim made by Green Nuclear Butterfly, is that our government in cahoots with the Nuclear Industry wants to position said nuclear industry as the Birth Mother of the new Hydrogen Economy...in fact, if you start searching the web for the Atlanta 7, and NuStart you can even find them ADMITTING this fact. Lending credence to this accusation, and perhaps as a means of encouraging people to search for the truth being spread on Green Nuclear Butterfly, Entergy Watch shares this little gem of and article found over on the DOE site.


August 21, 2006
US$ 1.4 mil for nuclear to hydrogen research
The U.S. Department of Energy (DOE) announced that it intends to fund approximately US$ 1.4 million for two projects to partner with industry to study the economic feasibility of producing hydrogen at existing commercial nuclear power plants. Teams selected by DOE for funding will be headed by Electric Transportation Applications and GE Global Research. Both teams include DOE national laboratories and nuclear utility companies as partners. "Hydrogen is important to our economy today and will be even more important in the future as a potential clean, renewable carrier of energy, particularly in the transportation area," DOE Assistant Secretary for Nuclear Energy Dennis Spurgeon said. "Finding efficient ways to produce hydrogen by using emissions-free nuclear power has long been an important part of President Bush’s energy strategy." Electric Transportation Applications plans to perform a study looking at the economics of producing hydrogen at existing nuclear power plants using commercially available production technology. ETA will partner with DOE’s Idaho National Laboratory and Arizona Public Service. GE Global Research proposes a feasibility study of hydrogen production using alkaline electrolysis powered by existing nuclear power plants. Their proposal is based on the low-cost alkaline electrolyzer technology developed by GE, in part under DOE’s Hydrogen Program. Partners for this project include DOE’s National Renewable Energy Lab and the Entergy Corporation. These studies support President Bush’s Advanced Energy and Hydrogen Fuel Initiatives, as well as the Energy Policy Act of 2005, the first piece of comprehensive energy legislation in over a decade. Funding for these studies is provided by the DOE Office of Nuclear Energy’s Nuclear Hydrogen Initiative, with industry sharing a minimum of 20 percent of the cost.
Source: DOE

Close Indian Point...Watch The Video, Then Sign Our Petition

The time to be heard is now...in conjunction with the Green Nuclear Butterfly we have started a Petition that will be presented to Congressman John Hall and Congressman Maurice Hinchey when we have reached our goal of 50,000 signators. Watch our You Tube video, and then scroll to the bottom of this blog to sign our petition.

Almost $300 Million For Entergy While Victims of Hurricane Katrina SUFFER Still

This just in from our Washington Scandal Blog...While individuals and families struggle to rebuild from Hurricane Katrina, our taxes reimburse Entergy 90 cents on the dollar! What is wrong with THIS PICTURE? Meanwhile, they could have skipped their plan to BUY BACK STOCK to the TUNE OF $400 Million, and covered their OWN LOSSES. If Entergy gets 90 cents on the dollar in losses reimbursed, where is THAT SAME TREATMENT for the citizens?

Tuesday, December 26, 2006
After Hurricane Katrina, Little Money For Poor To Rebuilt Homes While Entergy Gets HUNDREDS OF MILLIONS!

Cost of Nuclear Energy Subsidized By Our Taxes While Families In New Orleans Do Without...

We all know the mistakes made in New Orleans, and other areas of the South in the aftermath of Hurricane Katrina, or do we? Let us pose a hypothetical question to America, and more importantly to those who have NOT BEEN ABLE TO REBUILD after Hurricane Katrina.

Imagine if you could have two choices...in the first choice, you could have your monthly utility rates go up as much as $48.00 a month, but in exchange for that increase in your utility rates, there would be and additional amount of grant money available in the form of block grants of over $300 MILLION dollars. In the second choice, your utility rates will still be increased by at least $15.00 per month, there will be no money for individuals to return to their homes and rebuild, but ONE COMPANY will recieve almost $300 Million in BLOCK GRANTS...which would you choose?

Sadly, you do not GET A CHOICE, government made it for you. In two states, Entergy has been awarded almost $300 MILLION in those very block grants...this becomes even more of a rape of victims of Hurricane Katrina when you realize Entergy has been quietly buying back stock with $400 MILLION they had set aside for that very purpose. They have $400 MILLION for stock buy backs, but want OUR TAXES to cover their losses from Hurrican Katrina? We are all in the wrong business! In short, the government has decided they have the money to COVER ENTERGY'S LOSES from Hurricane Katrina, but not your losses! Where is the public OUTCRY? Sure you will fine the excepts below from Entergy's Earnings Call to their key players very enligtening.


Entergy Q3 2006 Earnings Call Transcript
Posted on Oct 31st, 2006 with stocks: ETR

http://utility.seekingalpha.com/article/19624

*

Good morning. We know many of you are preparing for the financial conference. We’re also aware that many [of you] are releasing earnings and holding teleconferences this week. With these activities in mind, I will try to keep to the highpoints, particularly on storm recovery. As a result of Governor Barbour's decisive timely actions, Entergy Mississippi has received Community Development Block Grant Funds in the amount of $81 million. The money is now officially in the bank. That’s equivalent to $0.90 on the dollar for Katrina's restoration cost just as Governor Barbour promised from day one.

*

And in New Orleans, two major milestones were reached last week when Entergy New Orleans filed its proposed plan for reorganizations with the US Bankruptcy Court and reached agreement with the New Orleans City Council on a rate plan.

Starting with the plan of reorganization, I'm particularly pleased to report that it anticipates full compensation to all Entergy New Orleans stakeholders. The proposed plan represents the combination of extensive efforts with federal, state, and local regulators, and law makers to gain support for Community Development Block Grants, rate relief, and insurance proceeds, each of which is critical to Entergy New Orleans emergence. The plan would enable Entergy New Orleans to emerge in a manner that ensures Entergy New Orleans customers are served by an ongoing financially viable entity, pay those creditors, and protects the rights of investors. Certainly, the plan is approved by the Bankruptcy Court and the creditors, Entergy New Orleans could emerge from bankruptcy before the end of 2007 following the completion of the precedent that are set forth in the plan. Perhaps the most important of these conditions is the receipt of the $200 million of community development block grant that was approved in mid- mid October by Louisiana Recovery Authority. We are pleased that Govern Blanco and members of the LRA recognized that community development block grants will help make Entergy's New Orleans customer rates more affordable than otherwise it would be, something that is clearly is important to the economic recovery of the city and of the state.

Other conditions call for reaching acceptable agreement with the New Orleans City Council on post storms filing that were made in June including creating a storm reserves to provide liquidity to meet future potential needs and receiving assurances that expected insurance claim proceeds of approximately $250 million for New Orleans.

On the regulatory recovery front, Entergy New Orleans reached a settlement agreement that was unanimously approved by the New Orleans City Council last Friday on a phased-in electric and gas base rate plan to be fully implemented by January 1, 2008, consistent with the [traditions] of the plan of reorganization that have been filed with the bankruptcy court.

The council also approves the creation of a $75 million storm reserve to be collected over a period of 10 years and establish emergency rate relief provisions to ensure that Entergy New Orleans will obtain a expedient rate relief to have the means, to maintain liquidity, and receive timely payments should a Hurricane Katrina-type event occur in the future, let's hope not.

WOW....Christmas Day Video SLAMS Indian Point Relicensing

Just in from Washington Scandal, a new hard hitting video on the deploring and decaying Indian Point Reactors, and the Entergy wrong sighted plan to have the NRC relicense these nuclear accident time bombs. The time has come for concerned citizens, as well as all ANTI NUKE groups to unite under the common cause of SHUTTING DOWN INDIAN POINT...to that end, Entergy Watch invites ALL groups opposing Indian Point that would like a link on this site to email said link to roycepenstinger@aol.com so that we can get you listed on our side bar. Further, we call on John Hall, Maurice Hinchey and any other Congressman members with a heart, and with concern for human health and the environment to hold IMMEDIATE CITIZEN HEARINGS in the affected CIRCLE OF DEATH, or as it has now been dubbed, the Triangle of Death (representing the three reactors).

Monday, December 25, 2006

Entergy's Indian Point-A Christmas Day Video Present...SHUT THEM DOWN
With the recent accident involving a truck load of Fuel Grade Enriched Uranium Oxide from Kurihama Japan this past week, the time has come for America to wake up to the REALITY that we are one accident away from our own Nuclear Holocaust, a nuclear death zone of biblical proportions, far worse than Chernobyl or even Hiroshima. Indian Point's spent nuclear fuel rod storage facilities ARE LEAKING, and NRC records and Entergy's own documents admit to cracks in the reactor domes...yet, they want to relicense them. The time has come to just say no.