We mean business
Comprehensive legal services for businesses
in New Jersey and New York

COVID-19 Notice: In order to best serve you, while being mindful of your health and safety, we are available for consultations and conferences via telephone and video. We can arrange for documents to be prepared, reviewed, signed and exchanged electronically. We are ready to assist you with all of your legal needs.

We are open and ready to assist you. Go to our COVID-19 Updates page to see our latest statement on the crisis and a list of recent news and developments during this challenging time.
comprehensive legal services for businesses

Entergy to spin off transmission business, merge it with another

In a move designed to improve efficiency of the electric grid and avoid huge capital costs, power company Entergy announced it would spin off its electric transmission business and merge it with another, Michigan-based ITC Holdings Corp. The $1.78 billion deal was announced Monday.

Regulators need to approve the deal, after which Entergy plans to form Mid South TransCo LLC as part of a tax-free spinoff. The new company will merge with ITC in an all-stock transaction, according to, and will be one of the largest electric transmission companies in the country.

ITC plans to open a regional office in Mississippi, where Entergy opened its transmission quarters in 2009. About 750 of its employees will be integrated into the new company.

Entergy, meanwhile, is going forward with a request of the New Orleans City Council to join a regional transmission organization by the end of 2013. The energy company currently serves a 114-square-mile area in six jurisdictions covering the southeastern United States.

The spinoff and merger allow Entergy more financial flexibility, but also release it from a burdensome operation.

Entergy has faced criticism from independent power producers in Louisiana that say its power grid is inadequate and inaccessible. In addition, its operations in four states have been investigated by the Justice Department. The independent producers say that Entergy has delayed infrastructure improvements that would free up access to the grid by other energy producers. The power giant’s CEO and chairman disagrees and says that the spinoff will remove the false perception that Entergy lacks independence. He’s hopeful the independent energy producers will eventually support the transaction, which could be complete by 2013.

Source:, “Entergy Corp. to spin off transmission business,” Richard Thompson, Dec. 5, 2011

Office Location

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map

Phone: 201-957-0874
Fax: 201-291-0140

Phone: 201-291-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2017

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network