STOCK TITAN

Entergy Arkansas’ the Power To Care Golf Classic Secures More Than $250,000 for Vulnerable Customers

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Entergy Arkansas raised $126,826 at its 20th annual Power to Care Charity Golf Classic, which will be matched by Entergy shareholders for a total of over $250,000. The event, held at The Country Club of Arkansas, featured 38 teams and exceeded last year's sponsorship goal of $60,000. Diamond Sponsor Doggett Freightliner contributed $10,000, while Platinum Sponsors Midwest Transformers and A-Line TDS each donated $7,500. The funds will help more than 400 elderly and disabled customers pay their utility bills, supporting those facing financial hardship.

Entergy Arkansas ha raccolto $126,826 durante la sua 20ª edizione annuale del Power to Care Charity Golf Classic, che sarà eguagliato dagli azionisti di Entergy per un totale di oltre $250,000. L'evento, tenutosi presso il Country Club of Arkansas, ha visto la partecipazione di 38 squadre e ha superato l'obiettivo di sponsorizzazione dello scorso anno di $60,000. Diamond Sponsor Doggett Freightliner ha contribuito con $10,000, mentre gli sponsor Platinum, Midwest Transformers e A-Line TDS, hanno ciascuno donato $7,500. I fondi aiuteranno più di 400 clienti anziani e disabili a pagare le bollette, supportando coloro che fronteggiano difficoltà finanziarie.

Entergy Arkansas recaudó $126,826 en su 20ª edición anual del Power to Care Charity Golf Classic, que será igualado por los accionistas de Entergy, para un total de más de $250,000. El evento, realizado en el Country Club of Arkansas, contó con 38 equipos y superó la meta de patrocinio del año pasado de $60,000. Diamond Sponsor Doggett Freightliner contribuyó con $10,000, mientras que los patrocinadores Platinum, Midwest Transformers y A-Line TDS, donaron cada uno $7,500. Los fondos ayudarán a más de 400 clientes mayores y discapacitados a pagar sus facturas de servicios públicos, apoyando a aquellos que enfrentan dificultades financieras.

Entergy Arkansas는 제20회 Power to Care Charity Golf Classic에서 $126,826를 모금하였으며, 이는 Entergy 주주들에 의해 매칭되어 총 $250,000 이상이 됩니다. 아칸소 컨트리 클럽에서 열린 이번 행사에는 38개 팀이 참가하였고, 작년 후원 목표인 $60,000를 초과 달성하였습니다. Diamond Sponsor인 Doggett Freightliner는 $10,000를 기부하였고, Platinum Sponsor인 Midwest Transformers와 A-Line TDS는 각각 $7,500를 기부했습니다. 이 자금은 400명 이상의 노인 및 장애인 고객이 공과금을 지불하는 데 도움을 줄 것이며, 재정적인 어려움에 처한 이들을 지원할 것입니다.

Entergy Arkansas a récolté 126,826 $ lors de sa 20e édition annuelle du Power to Care Charity Golf Classic, qui sera égalé par les actionnaires d'Entergy pour un total de plus de 250,000 $. L'événement, qui s'est tenu au Country Club of Arkansas, a réuni 38 équipes et a dépassé l'objectif de parrainage de l'année dernière de 60,000 $. Le Diamond Sponsor Doggett Freightliner a contribué à hauteur de 10,000 $, tandis que les sponsors Platinum, Midwest Transformers et A-Line TDS, ont chacun fait un don de 7,500 $. Les fonds aideront plus de 400 clients âgés et handicapés à payer leurs factures d'énergie, soutenant ceux qui font face à des difficultés financières.

Entergy Arkansas hat bei seinem 20. jährlichen Power to Care Charity Golf Classic $126,826 gesammelt, was von den Aktionären von Entergy auf über $250,000 aufgestockt wird. Die Veranstaltung, die im Country Club of Arkansas stattfand, hatte 38 Teams und übertraf das Sponsoring-Ziel des letzten Jahres von $60,000. Diamond Sponsor Doggett Freightliner hat $10,000 beigesteuert, während die Platinum-Sponsoren Midwest Transformers und A-Line TDS jeweils $7,500 gespendet haben. Die Mittel werden mehr als 400 älteren und behinderten Kunden helfen, ihre Stromrechnungen zu bezahlen, und unterstützen diejenigen, die finanzielle Schwierigkeiten haben.

Positive
  • Raised $126,826 in donations, doubled through shareholder matching to over $250,000
  • Doubled previous year's sponsorship pledges of $60,000
  • Secured participation from 38 teams and over 40 vendors
Negative
  • None.

Insights

This charitable initiative, while commendable, has minimal direct impact on Entergy's (ETR) financial performance or stock value. The $250,000 total contribution (including shareholder matching) represents an insignificant portion of ETR's $31.8B market cap. However, the program demonstrates strong ESG commitment and community engagement, which could positively influence long-term brand value and regulatory relationships in Arkansas. The matching contribution from shareholders is already factored into financial projections and won't materially affect earnings.

The expanded vendor participation and doubled sponsorship pledges indicate healthy business relationships, though this has bearing on the company's core utility operations or financial outlook. While corporate social responsibility initiatives are important for utilities, this particular event is too small in scale to move the needle for investors.

Funds will help keep the power on for hundreds of Arkansans this winter

LITTLE ROCK, AR / ACCESSWIRE / November 14, 2024 / The 20th annual The Power to Care Charity Golf Classic sponsored by Entergy Arkansas held recently raised more than $126,000 to help older and disabled customers pay their electric bills. Organizers said the event at The Country Club of Arkansas set records in more ways than one.

"Our hard-working committee of Entergy Arkansas employees set out to double last year's $60,000 in sponsorship pledges for the 2024 golf tournament," said Brandi Hinkle, with Entergy Arkansas corporate social responsibility. "In the end, we met that goal and then some. We also had a full field of 38 teams play, representing vendors and partners - and many new players - from across several states."

The Power to Care program provides utility payment assistance to qualifying elderly and disabled Arkansans experiencing an immediate financial hardship. Many of those most vulnerable customers are faced with unthinkable choices, such as trying to choose between paying for much-needed medications or paying for utility expenses.

Diamond Sponsor Doggett Freightliner of North Little Rock donated $10,000 to the cause, and Platinum Sponsors Midwest Transformers of Kansas and A-Line TDS of Oklahoma gave $7,500. In total, more than 40 vendors pledged $124,000 and an additional $2,866 was raised from cash donations during the day-long tournament for a sum of $126,826.

Those funds will be matched one-to-one by Entergy shareholders to total more than a quarter million dollars in assistance available to customers in Arkansas through The Power to Care. With the match, the funds raised by the tournament alone this year will help keep the power on for more than 400 of Entergy Arkansas' most vulnerable customers. The Power to Care is funded not by any of our customers, rather through donations made by employees, customers, vendors and Entergy shareholders.

"The financial assistance provided by The Power to Care is invaluable to our customers," said Hinkle. "We are grateful to all our sponsors and the numerous Entergy Arkansas employee volunteers who worked together to make this possible. No one should have to choose between paying their electric bill or putting food on their table, and the generosity of those who give to The Power to Care helps alleviate that burden."

To learn more about The Power to Care or to donate to the program, please visit www.entergy.com/care.

About Entergy Arkansas

Entergy Arkansas, LLC provides electricity to approximately 730,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. For the latest news from Entergy Arkansas, visit the Newsroom and connect with @EntergyArk on social media.

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

How much money did Entergy Arkansas raise in the 2024 Power to Care Golf Classic?

Entergy Arkansas raised $126,826 in the 2024 Power to Care Golf Classic, which was matched by shareholders for a total of over $250,000.

How many customers will benefit from Entergy Arkansas' 2024 golf tournament fundraiser?

The funds raised will help keep the power on for more than 400 of Entergy Arkansas' most vulnerable elderly and disabled customers.

Who were the major sponsors of Entergy Arkansas' 2024 Power to Care Golf Classic?

Doggett Freightliner was the Diamond Sponsor with a $10,000 donation, while Midwest Transformers and A-Line TDS were Platinum Sponsors, each contributing $7,500.

Entergy Corporation

NYSE:ETR

ETR Rankings

ETR Latest News

ETR Stock Data

31.63B
213.83M
0.21%
93.44%
1.51%
Utilities - Regulated Electric
Electric Services
Link
United States of America
NEW ORLEANS