New Orleans City Council In Waiting As Entergy, Itc Holding Merger Hangs In Balance

Entergy Corp. warned investors more than a month ago that a $1.78 billion deal to spin-off its vast system of high-voltage power lines to ITC Holdings Corp. of Michigan would not close by the end of the year as it had planned. The outlook for the deal is grimmer now that Mississippi regulators have rejected the idea.

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