Entergy Corporation - ETR STOCK NEWS

Entergy New Orleans has filed a grid hardening and resilience plan with the New Orleans City Council, addressing the increased frequency of severe weather events impacting the Gulf Coast. The plan proposes approximately $1.5 billion in investments over ten years for grid resilience and includes projects like microgrids. Entergy's overall plans call for $15 billion investment, targeting over 30,000 miles of power lines and nearly 500,000 poles. These measures aim to reduce power outages and restoration costs amid more intense storms, following significant recent hurricanes.

Entergy has successfully completed the sale of the Palisades Power Plant to Holtec International, ensuring a safe decommissioning of the site. The plant, which ceased operations on May 20, 2022, was in service for over 50 years. This transaction also transfers the Big Rock Point site to Holtec and marks Entergy's exit from the nuclear merchant power business. The NRC approved the license transfer for decommissioning in December 2021, allowing Holtec to dismantle the facility by 2041, significantly faster than if Entergy retained ownership.

The board of Entergy Texas, Inc. has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock. This dividend is payable on July 15, 2022, to shareholders who are on record as of July 1, 2022. Entergy Texas serves over 486,000 customers across 27 counties, and is a subsidiary of Entergy Corporation (NYSE: ETR), offering diverse energy solutions and committing to a cleaner energy future.

Entergy will hold its 2022 Analyst Day on June 16, 2022, in New York City. CEO Leo Denault and the executive team will discuss strategies to enhance customer reliability, affordability, and sustainability. The event starts at 12:30 p.m. ET and will be available via a live audio webcast on Entergy's Investor Relations site. Presentation materials will be accessible after market close on June 15, with a replay available post-event. Entergy (NYSE: ETR) serves 3 million customers across the Gulf South and is committed to a cleaner energy future.

Sempra Infrastructure announced a heads of agreement with RWE Supply & Trading for a long-term supply of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project in Texas. This agreement supports energy security for U.S. allies in Europe and advances lower-carbon LNG objectives. The parties aim to finalize a 15-year definitive agreement and collaborate on reducing greenhouse gas emissions associated with LNG deliveries. The Port Arthur project aims for a capacity of around 13.5 Mtpa and is fully permitted.

On May 20, 2022, Entergy's Palisades Power Plant was safely shut down early, concluding over 50 years of electricity generation. This decision was based on monitoring a control rod drive seal. Originally scheduled for a May 31 closure, this move aligns with Entergy's strategy to exit the merchant power sector. The 800-megawatt plant achieved a record production run of 577 days before its closure. Following shutdown, the facility will be decommissioned by Holtec International. Approximately 180 employees will separate, while others will transition to new roles.

Entergy Corporation (NYSE: ETR) announced Q1 2022 earnings of $1.36 per share, down from $1.66 in Q1 2021. Despite a strong operational start, there was a decline in earnings attributed to higher operating expenses and interest costs. Key developments included significant investments in transmission upgrades totaling $186 million and a commitment to renewable resources with ongoing RFPs for 2,000 megawatts. The company reaffirmed its 2022 adjusted EPS guidance of $6.15 to $6.45, indicating a positive outlook despite evident challenges in its earnings performance.

Entergy will announce its **first-quarter 2022 financial results** on **April 27** before the market opens. A live webcast of the discussion will take place at **10 a.m. Central time**. Key executives, including **Leo Denault** and **Drew Marsh**, will be present. The webcast can be accessed via Entergy's investor relations page or by phone. Archived materials will be available until **May 4**. Entergy serves **3 million customers** across **Arkansas, Louisiana, Mississippi, and Texas**, focusing on a cleaner energy future.

Entergy has appointed John O. Hudson III as senior vice president of federal policy, regulatory, and government affairs, starting April 22, 2022. Reporting to Marcus Brown, he will lead efforts to secure federal funding from the $1.2 trillion Infrastructure Investment and Jobs Act, which allocates $62 billion for clean energy and resilience initiatives. Hudson will replace Mike Twomey, who is retiring. Hudson has a robust background in utility leadership, having previously led Nicor Gas Corporation and held key positions at Southern Company Gas.