{"id":113040,"date":"2014-04-16T18:32:59","date_gmt":"2014-04-16T18:32:59","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/?p=113040"},"modified":"2014-04-16T18:32:59","modified_gmt":"2014-04-16T18:32:59","slug":"top-entergy-executives-selling-stock","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/top-entergy-executives-selling-stock\/","title":{"rendered":"Why Are Top Entergy Executives Selling Their Own Stock?"},"content":{"rendered":"

Tuesday,\u00a0GreenWorld<\/a>\u00a0<\/em>broke the story of a recent pattern of stock sales by top executives at Entergy, the nation\u2019s second-largest operator of nuclear power stations. The CEO, CFO, Chief Accounting Officer, and Senior VPs for Government Affairs and Human Resources have all sold large amounts of their stock in Entergy, with CEO Leo Denault unloading over 55% of his shares in December and CAO Alyson Mount selling 46% of hers on April 9.<\/p>\n

CFO Andrew Marsh and SVP for Government Affairs Kimberly Despeaux each sold over 20% of their Entergy stock in February. The insiders\u2019 apparent lack of confidence in the corporation\u2019s prospects contradicts a rosy 1st Quarter earnings report, also released yesterday, reporting higher than expected returns following an unexpectedly cold winter with unusual energy price spikes.<\/p>\n

Over the last year, several investment firms have reported on major problems confronting Entergy\u2019s nuclear power business, due to a long-term decline in energy prices that puts nuclear generators at a competitive disadvantage. Several reactors could close due to their poor economics over the next few years, including a majority of Entergy\u2019s nuclear fleet. This winter\u2019s price spikes do not necessarily change the long-term outlook for the nuclear industry, as utility and energy market regulators respond to mitigate those problems. The stock sales from Entergy executives indicate insiders may have even less confidence than industry analysts in the company\u2019s prospects. And since Entergy\u2019s nuclear business is the most significant known problem for the corporation, the executives\u2019 moves raise questions about whether investors should expect larger problems or major announcements this year.<\/p>\n

The article, written by Tim Judson, Acting Executive Director of Nuclear Information and Resource Service,\u00a0is available here<\/a>.<\/p>\n

“This is typical of the kind of reporting and analysis\u00a0GreenWorld<\/em>\u00a0was designed to provide,” said Michael Mariotte, editor of\u00a0GreenWorld<\/em>\u00a0and President of NIRS. “The mission of\u00a0GreenWorld<\/em>\u00a0is to chronicle the transition–now in its beginning stages–to a nuclear-free, carbon-free energy system, and to provide news, analysis and occasional random musings on issues affecting nuclear power and clean energy worldwide.”<\/p>\n

GreenWorld<\/em>has been providing regular coverage and analysis of the effects on the nuclear power industry of the startling, but still infant, transformation of the U.S. electricity sector, including prospects for “grid defection,” the “utility death spiral” and the stunning decline in solar rooftop costs:<\/p>\n

Goldman Sachs sees a solar future for the U.S.\u2014and that has nuclear utilities running scared<\/a>. (GreenWorld’s<\/em>\u00a0most-read post to date).<\/p>\n

You know the nuclear industry is desperate when…<\/a><\/p>\n

Why we\u2019re writing so much about the changing nature of the electricity business\u2014everybody else is. Oh, and because it\u2019s important.<\/a><\/p>\n

Whine, whine: the nuclear industry thinks it’s under siege<\/a>.<\/p>\n

With its extensive network of international contacts,\u00a0GreenWorld<\/em>\u00a0covers the world too, and was the first U.S. publication to report on\u00a0Russia’s seizure of a research nuclear reactor in Crimea<\/a>–which the International Atomic Energy Agency says belongs to Ukraine:<\/p>\n

GreenWorld<\/em>has been following the Russia\/Ukraine crisis closely, with an emphasis on its effects on nuclear power and civil society, for example with these posts:<\/p>\n

Russia cracks down on civil society<\/a>.<\/p>\n

Nuclear industry\u2019s wishful thinking knows no bounds: No, Ukraine crisis is not going to boost nukes in Europe<\/a>.<\/p>\n

We’re also covering the debate on nuclear power’s role in addressing the climate crisis; for example here:\u00a0The ongoing debate on nuclear power and climate change<\/a>.<\/p>\n

###<\/div>\n
NIRS\/WISE\u00a0is the information and networking center for people and organizations concerned about nuclear power, radioactive waste, radiation, and sustainable energy issues.<\/div>\n","protected":false},"excerpt":{"rendered":"

Tuesday,\u00a0GreenWorld\u00a0broke the story of a recent pattern of stock sales by top executives at Entergy, the nation\u2019s second-largest operator of nuclear power stations. The CEO, CFO, Chief Accounting Officer, and Senior VPs for Government Affairs and Human Resources have all sold large amounts of their stock in Entergy, with CEO Leo Denault unloading over 55% […]<\/p>\n","protected":false},"author":1,"featured_media":85145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-113040","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/113040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=113040"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/113040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/85145"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=113040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=113040"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=113040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}