Energy for a Better Future: Entergy's Commitment to Customers and Communities

Rhea-AI Summary

Entergy's 2023 performance report highlights the company's economic, environmental, governance, and social achievements. It includes key initiatives such as a $5.6 million customer bill assistance program during record summer heat and a $700,000 donation to support HBCU students through a new partnership aimed at closing the racial wealth gap. These efforts reflect Entergy's commitment to enhancing community prosperity and customer well-being.

Positive

• Entergy provided $5.6 million in customer bill assistance.
• Launched a partnership with Single Stop and Stackwell Capital with a $700,000 donation.
• Initiated the Power of Prosperity to support 1,500 HBCU students.
• Conducted energy efficiency fairs and home makeovers for vulnerable customers.

Negative

• Record-breaking heat increased energy consumption and customer electricity bills.

NORTHAMPTON, MA / ACCESSWIRE / May 17, 2024 / Entergy's performance report integrates a comprehensive overview of our 2023 achievements, including financial results with economic, environmental, governance, and social performance and impacts. Learn how we power life for all our stakeholders at performancereport.entergy.com.

Empowering our communities
We live here. We work here. What matters to the communities we serve and to our customers, matters to us. In 2023, we expanded our ongoing efforts to enhance lives, foster economic growth and promote prosperity throughout our service areas through various customer and community programs.

Customer bill assistance
Last summer, record-breaking heat led to a surge in energy consumption and resulted in increased electricity bills. To alleviate this financial strain on our customers, we collaborated closely with our regulators and community partners to implement a series of initiatives to help customers beat the summer heat.

In total, we provided more than $5.6 million to help our customers in need. Shareholder donations were applied to bill payment assistance programs across all our operating companies, including The Power to Care program that provides emergency bill payment assistance to older adults and customers with disabilities in their time of need. Additionally, our dedicated employees volunteered their time to conduct energy efficiency fairs in underserved communities and worked with community partners to provide energy efficiency home makeovers for our vulnerable customers.

Closing the racial wealth gap
As part of our commitment to eradicating poverty and creating opportunities for the communities we serve, Entergy launched a new partnership last fall with the non-profit Single Stop and Stackwell Capital. The partnership supports students of Historically Black Colleges and Universities to ensure their success and position them to build generational wealth, a foundation for economic stability.

The Power of Prosperity initiative will be offered free of charge to 1,500 first-year students at Dillard University, Southern University at New Orleans and Xavier University of Louisiana through a $700,000 donation from our owners. HBCUs play a vital role in shaping the lives of their students and communities.

Our partnership with these HBCUs will help remove barriers to student success, equip them with tools and knowledge and help them build a path to multigenerational wealth. The program is being launched as a one-year pilot for HBCUs in Orleans Parish, with plans to expand to other HBCUs in our service area in the future.

Read the full report here.

View additional multimedia and more ESG storytelling from Entergy Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Entergy Corporation
Website: https://www.3blmedia.com/profiles/entergy-corporation
Email: info@3blmedia.com

SOURCE: Entergy Corporation

View the original press release on accesswire.com

FAQ

What initiatives did Entergy implement for customer bill assistance during the 2023 heatwave?

Entergy provided over $5.6 million in financial support and collaborated with regulators and community partners to assist customers with high electricity bills due to the heatwave.

What is the Power of Prosperity initiative by Entergy?

The Power of Prosperity is a program launched by Entergy in partnership with Single Stop and Stackwell Capital, aimed at supporting 1,500 first-year HBCU students with a $700,000 donation.

How did Entergy contribute to closing the racial wealth gap in 2023?

Entergy launched a partnership to support HBCU students, providing tools and knowledge to build generational wealth, funded by a $700,000 donation.

What community programs did Entergy expand in 2023?

Entergy expanded programs for customer bill assistance, energy efficiency fairs, and home makeovers for underserved communities.