Entergy Mississippi Donates $650K To Help Vulnerable Customers Save Money This Summer

Rhea-AI Summary

Entergy Mississippi has donated $650,000 through its Beat the Heat program to assist low-income customers during the summer. The initiative provided bill payment assistance, fans, energy efficiency kits, and home weatherization. Key aspects of the program include:

- Over $641,000 donated to The Power to Care program for energy bill assistance
- More than $9,000 in grants for free resources like electric fans and weatherization kits
- Distribution of 200 free electric fans and 650 energy efficiency kits
- A customer engagement event serving 400 customers with various resources

Entergy Mississippi aims to support vulnerable customers in managing their energy bills and staying comfortable during extreme temperatures.

Positive

• Donation of $650,000 to assist low-income customers
• Over $641,000 provided for energy bill assistance through The Power to Care program
• Distribution of 200 free electric fans and 650 energy efficiency kits to customers
• Customer engagement event serving 400 customers with various resources

Negative

• None.

Insights

Financial Analyst

Entergy Mississippi's $650,000 donation through its Beat the Heat program is a relatively small financial commitment for a company of Entergy's size, with a market cap of $28.4 billion. While the initiative demonstrates corporate social responsibility, its direct impact on the company's financial performance is likely minimal.

The program's focus on energy efficiency and bill assistance could have some indirect benefits:

• Potentially reducing bad debt expenses by helping customers pay bills
• Improving customer relations and brand image in the regulated utility market
• Aligning with regulatory expectations for utility companies to support vulnerable customers

However, the financial impact is not significant enough to materially affect Entergy's stock price or investor sentiment. The program's costs are likely already factored into the company's operating expenses and regulatory considerations.

Energy Policy Expert

Entergy Mississippi's Beat the Heat program aligns with broader industry trends and regulatory expectations for utilities to address energy affordability and efficiency. Key aspects include:

• Shareholder contributions to bill assistance programs, which are becoming more common in the utility sector
• Focus on energy efficiency through weatherization and LED bulbs, supporting long-term demand management
• Collaboration with local organizations, enhancing community relations

While the program's scale is modest, it demonstrates Entergy's proactive approach to addressing energy poverty and climate resilience. This could positively influence regulatory relationships and potentially support future rate case arguments. However, the program's direct impact on Entergy's operations or financial performance is , making it a neutral factor for investors considering the company's overall strategy and market position.

JACKSON, MS / ACCESSWIRE / October 4, 2024 / This summer, Entergy Mississippi provided $650,000 through its Beat the Heat program focused on helping its low-income customers and communities stay cool and pay their bills throughout the summer. Customers received bill payment assistance, fans, energy efficiency kits, home weatherization and invaluable support from local community partners.

"We are dedicated to supporting our customers in need by providing bill payment assistance, essential cooling resources and energy efficiency offerings for homes so they can better manage their energy bills," said Robbie Kemp, Entergy Mississippi vice president of customer service. "Our commitment is to be there for our customers, especially during extreme temperatures. We understand the economic difficulties many are experiencing, and we are here to help."

Entergy Mississippi regularly partners with local organizations to ease the burden of hot summer temperatures that cause increased usage and higher energy costs for our most vulnerable customers. Year after year, the Beat the Heat program provides our customers with energy bill assistance, tools and resources, and support during the critical summer months. Through this program the company:

• Donated more than $641,000 in funds from Entergy shareholders, employees and customers to The Power to Care program, which provides energy bill assistance to older adults and customers with disabilities.

• Provided customers with free access to Single Stop, an online resource that connects households in need with financial assistance and more.

• Awarded more than $9,000 in grants to vulnerable customers to provide free resources like electric fans and home weatherization kits.

• Donated to local organizations that weatherized homes for customers in need.

• Held a customer engagement event, providing more than 400 customers with assistance and resources to help manage their bills, energy efficiency kits, pro bono legal aid, Kids to College savings accounts and more.

• Provided more than 200 free electric fans to help customers beat high temperatures and save on electricity bills throughout the summer.

• Distributed 650 energy efficiency kits to customers. The kits included money-saving LED lightbulbs, advanced power strips, bathroom faucet aerators and V-seal weather-stripping.

Entergy Mississippi is dedicated to ensuring all customers have access to the resources and support they need to stay safe and comfortable year-round. To learn more about our customer assistance programs, visit billtoolkit.entergy.com.

About Entergy Mississippi

Entergy Mississippi, LLC provides electricity to approximately 459,000 customers in 45 counties. Entergy Mississippi 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 Mississippi, visit the Newsroom and connect with @EntergyMS on social media.

Delta customers received tools, resources and information to help them manage their energy usage and bills at a customer engagement event held recently in Cleveland.

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 did Entergy Mississippi donate through its Beat the Heat program in 2024?

Entergy Mississippi donated $650,000 through its Beat the Heat program in 2024 to help low-income customers during the summer months.

What types of assistance did Entergy Mississippi provide through the Beat the Heat program?

Entergy Mississippi provided bill payment assistance, free electric fans, energy efficiency kits, home weatherization, and support from local community partners through the Beat the Heat program.

How many energy efficiency kits did Entergy Mississippi distribute in 2024?

Entergy Mississippi distributed 650 energy efficiency kits to customers in 2024 as part of the Beat the Heat program.

What was included in the energy efficiency kits provided by Entergy Mississippi?

The energy efficiency kits included LED lightbulbs, advanced power strips, bathroom faucet aerators, and V-seal weather-stripping.