Tuesday, March 15, 2011

Entergy (ETR), PG&E (PCG), Edison International (EIX) Focus of Uncertain Risk Factors

Even though it's ignorant of politicians to act as if they have something to do with the nuclear industry because of an unprecedented earthquake in Japan that hasn't' been seen in well over a century, that hasn't stopped those attempting to curry political favor to comment on the event.

Media outlets are also acting like the government has to somehow regulate the industry even more. Regulate it from what? Earthquakes? More people will die from the earthquake and resultant tsunami than any effects of the nuclear industry; even if there are any.

For Entergy Corp. (ETR), PG&E Corp. (PCG), Edison International (NYSE:EIX), they're apparently under scrutiny and may face delays, especially Entergy, as it seeks to renew licenses for four of its reactors. At this time Entergy operates 12 reactors at 10 sites in Arkansas, Louisiana, Massachusetts, Nebraska, New York, and Vermont.

Edison International closed Monday at $36.78, dropping $0.98, or 2.60 percent. Pacific Gas & Electric closed at $44.41, down $1.34, or 2.93 percent. Entergy ended the session at $70.09, down $3.60, or 4.89 percent.

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