Dive Summary:

• After releasing its projected quarterly earnings last week, the New Orleans-based Entergy Corp. has warned its 15,000 employees of future staff reductions as the company shakes-up its financial situation.
• Entergy announced its quarterly earnings per share had been cut in half, from $2.11 to $1, due to “substantially higher income tax expense” after a settlement with the Internal Revenue Service concerning storm cost financing in Louisiana.  
• Entergy said the company “had a number of companywide strategic imperatives” to reorganize. Analysts say the shake-up might include the closing of Entergy’s Vermont Yankee nuclear unit, its smallest nuclear plant with 640 employees.

From the article:

“Entergy has 15,000 employees spread out in a traditional utility serving the Southern states of Louisiana, Arkansas and Mississippi, as well as some nuclear plants in those states. It also has developed a Northeast nuclear fleet, which includes Vermont Yankee, Pilgrim outside of Boston, Indian Point, north of New York City, and FitzPatrick in upstate New York.”