FOXBusiness – Regulatory setbacks caused nuclear power company Entergy Corp. (ETR: 81.55, -0.71, -0.86%) to cancel a spin-off of several power plants, the company said Monday.

Entergy said that efforts put forth for the sale will cost more than $75 million in charges that will be reflected in this quarter’s earnings. Total charges will range from 40 cents to 45 cents per share, and will fall somewhere between $75.7 million to $85.1 million.

The planned spinoff included six reactors, three of which would have been sold to New York-based Enexus Energy. However, the New York Public Service Commission rejected Entergy’s proposal and said the plan was not “in the public interest.”

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