Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy 253 including the continued effectiveness of the Clean Energy Standards/Zero Emissions Credit program (CES/ZEC), the establishment of certain long-term agreements on acceptable terms with the Energy Research and Development Authority of the State of New York in connection with the CES/ZEC program, and NYPSC approval of the transaction on acceptable terms, Entergy refueled the FitzPatrick plant in January and February 2017.
In October 2015, Entergy determined that it would close the Pilgrim plant.
The decision came after management’s extensive analysis of the economics and operating life of the plant following the NRC’s decision in September 2015 to place the plant in its “multiple/repetitive degraded cornerstone column” (Column 4) of its Reactor Oversight Process Action Matrix.
The Pilgrim plant is expected to cease operations on May 31, 2019, after refueling in the spring of 2017 and operating through the end of that fuel cycle.
In December 2015, Entergy Wholesale Commodities closed on the sale of its 583 MW Rhode Island State Energy Center (RISEC), in Johnston, Rhode Island.
The base sales price, excluding adjustments, was approximately $490 million.
Entergy Wholesale Commodities purchased RISEC for $346 million in December 2011.
In December 2016, Entergy announced that it reached an agreement with Consumers Energy to terminate the PPA for the Palisades plant on May 31, 2018.
Pursuant to the PPA termination agreement, Consumers Energy will pay Entergy $172 million for the early termination of the PPA.
The PPA termination agreement is subject to regulatory approvals.
Separately, and assuming regulatory approvals are obtained for the PPA termination agreement, Entergy intends to shut down the Palisades nuclear power plant permanently on October 1, 2018, after refueling in the spring of 2017 and operating through the end of that fuel cycle.
Entergy expects to enter into a new PPA with Consumers Energy under which the plant would continue to operate through October 1, 2018.
In January 2017, Entergy announced that it reached a settlement with New York State to shut down Indian Point 2 by April 30, 2020 and Indian Point 3 by April 30, 2021, and resolve all New York State-initiated legal challenges to Indian Point’s operating license renewal.
As part of the settlement, New York State has agreed to issue Indian Point’s water quality certification and Coastal Zone Management Act consistency certification and to withdraw its objection to license renewal before the NRC.
New York State also has agreed to issue a water discharge permit, which is required regardless of whether the plant is seeking a renewed NRC license.
The shutdowns are conditioned, among other things, upon such actions being taken by New York State.
Even without opposition, the NRC license renewal process is expected to continue at least into 2018.
With the settlement concerning Indian Point, Entergy now has announced plans for the disposition of all of the Entergy Wholesale Commodities nuclear power plants, including the sales of Vermont Yankee and FitzPatrick, and the earlier than previously expected shutdowns of Pilgrim, Palisades, Indian Point 2, and Indian Point 3.
See “Entergy Wholesale Commodities Exit from the Merchant Power Business” for further discussion.
Property Nuclear Generating Stations Entergy Wholesale Commodities includes the ownership of the following nuclear power plants:
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ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) includes the following sections: ?
Executive Overview that discusses at a high level our operating results and some of the trends that affect our business.  ?
Critical Accounting Policies and Estimates that we believe are important to understanding the assumptions and judgments underlying our financial statements.  ?
Results of Operations that includes a more detailed discussion of our revenue and expenses.  ?
Liquidity and Capital Resources which discusses key aspects of our statements of cash flows, changes in our balance sheets and our financial commitments.
You should note that this MD&A discussion contains forward-looking statements that involve risks and uncertainties.
Please see the section entitled “Forward-Looking Statements and Risk Factors” at the beginning of Item 1A for important information to consider when evaluating such statements.
You should read this MD&A in conjunction with the financial statements and related notes in Item 8 of this Annual Report.
In fiscal 2014 we acquired Check Inc.  and in fiscal 2012 we acquired Demandforce, Inc.  We have included their results of operations in our consolidated results of operations from the dates of acquisition.
In fiscal 2013 we completed the sale of our Intuit Websites business and in fiscal 2014 we completed the sales of our Intuit Financial Services (IFS) and Intuit Health businesses.
We accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented to reflect them as such.
We have also reclassified our balance sheets for all periods presented to reflect IFS as discontinued operations.
The net assets of Intuit Websites and Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented to reflect them as discontinued operations.
Because the cash flows of our Intuit Websites, IFS, and Intuit Health discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses from continuing operations on our statements of cash flows.
See “Results of Operations – Non-Operating Income and Expense – Discontinued Operations” later in this Item 7 for more information.
Unless otherwise noted, the following discussion pertains to our continuing operations.
Executive Overview This overview provides a high level discussion of our operating results and some of the trends that affect our business.
We believe that an understanding of these trends is important in order to understand our financial results for fiscal 2014 as well as our future prospects.
This summary is not intended to be exhaustive, nor is it intended to be a substitute for the detailed discussion and analysis provided elsewhere in this Annual Report on Form 10-K.
See the table later in this Note 7 for more information on the IFS operating results.
The carrying amounts of the major classes of assets and liabilities of IFS at July 31, 2013 were as shown in the following table.
These carrying amounts approximated fair value.
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Intuit Health In July 2013 management having the authority to do so formally approved a plan to sell our Intuit Health business and on August 19, 2013 we completed the sale for cash consideration that was not significant.
We recorded a $4 million pre-tax loss on the disposal of Intuit Health that was more than offset by a related income tax benefit of approximately $14 million, resulting in a net gain on disposal of approximately $10 million in the first quarter of fiscal 2014.
The decision to sell the Intuit Health business was a result of management's desire to focus resources on its offerings for small businesses, consumers, and accounting professionals.
Intuit Health was part of our former Other Businesses reportable segment.
We determined that our Intuit Health business became a long-lived asset held for sale in the fourth quarter of fiscal 2013.
A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell.
Since the carrying value of Intuit Health at July 31, 2013 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date.
We also classified our Intuit Health business as discontinued operations in the fourth quarter of fiscal 2013 and have segregated its operating results in our statements of operations for all periods presented.
See the table later in this Note for more information.
We have not segregated the net assets of Intuit Health on our balance sheets for any period presented.
Net assets held for sale at July 31, 2013 consisted primarily of operating assets and liabilities that were not material.
Because operating cash flows from the Intuit Health business were also not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows.
Intuit Websites In July 2012 management having the authority to do so formally approved a plan to sell our Intuit Websites business, which was a component of our Small Business reportable segment.
The decision was the result of a shift in our strategy for helping small businesses to establish an online presence.
On August 10, 2012 we signed a definitive agreement to sell our Intuit Websites business and on September 17, 2012 we completed the sale for approximately $60 million in cash.
We recorded a gain on disposal of approximately $32 million, net of income taxes.
We determined that our Intuit Websites business became a long-lived asset held for sale in the fourth quarter of fiscal 2012.
A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell.
Since the carrying value of Intuit Websites at July 31, 2012 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date.

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Power Plant	Market	In Service Year	Acquired	Location	Capacity - Reactor Type	License Expiration Date
Pilgrim (a)	IS0-NE	1972	July 1999	Plymouth, MA	688 MW - Boiling Water	2032 (a)
FitzPatrick (b)	NYISO	1975	Nov. 2000	Oswego, NY	838 MW - Boiling Water	2034 (b)
Indian Point 3 (c)	NYISO	1976	Nov. 2000	Buchanan, NY	1,041 MW - Pressurized Water	2015 (c)
Indian Point 2 (c)	NYISO	1974	Sept. 2001	Buchanan, NY	1,028 MW - Pressurized Water	2013 (c)
Vermont Yankee (d)	IS0-NE	1972	July 2002	Vernon, VT	605 MW - Boiling Water	2032 (d)
Palisades (e)	MISO	1971	Apr. 2007	Covert, MI	811 MW - Pressurized Water	2031 (e)

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Consolidated Balance Sheet Data	At July 31,
(In millions)	2014	2013	2012	2011	2010
Cash, cash equivalents and investments	$1,914	$1,661	$744	$1,421	$1,622
Long-term investments	31	83	75	63	91
Working capital	1,200	1,116	258	449	1,074
Total assets	5,201	5,486	4,684	5,110	5,198
Current portion of long-term debt	—	—	—	500	—
Long-term debt	499	499	499	499	998
Other long-term obligations	203	167	166	175	143
Total stockholders’ equity	3,078	3,531	2,744	2,616	2,821

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(In millions)	July 31, 2013
Accounts receivable	$40
Other current assets	4
Property and equipment, net	31
Goodwill	914
Purchased intangible assets, net	4
Other assets	6
Total assets	999
Accounts payable	15
Accrued compensation	21
Deferred revenue	3
Long-term obligations	9
Total liabilities	48
Net assets	$951

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Question: how many years did it take to close the pilgrim plant after after its last refueling?
Answer: 2.0