Entergy revises payment terms for 2 New York nukes

SAN FRANCISCO, Oct 4 (Reuters) - U.S. utility Entergy Corp (ETR.N: Quote, Profile, Research) said on Thursday it reached an agreement with the New York Power Authority to revise certain payment terms in its purchase of two New York nuclear power plants in 2000.

The revisions include annual payments to be made by Entergy's Indian Point 3 and FitzPatrick nuclear units to the NYPA based on the production of electricity.

The annual payments will end after January 2009 if Entergy or an affiliate ceases to own the plants, New Orleans-based Energy said. (Reporting by Leonard Anderson)