Welcome to our dedicated page for Entergy news (Ticker: ETR), a resource for investors and traders seeking the latest updates and insights on Entergy stock.
Entergy Corporation (ETR) operates as a leading integrated energy company providing electric power through regulated utilities across the southern United States. This news hub offers investors and stakeholders centralized access to official announcements and material developments impacting the company's operations.
Track critical updates including quarterly earnings reports, regulatory filings, and infrastructure investments alongside strategic initiatives in nuclear energy and renewable power generation. Our curated collection ensures timely access to operational milestones, grid resilience projects, and sustainability commitments.
Discover press releases covering rate case decisions, power plant operations, and storm recovery efforts that demonstrate Entergy's focus on reliable service delivery. The archive serves as an essential resource for monitoring the company's navigation of energy transition challenges and regulatory compliance.
Bookmark this page for ongoing updates on Entergy's operational performance and strategic positioning within the evolving utility sector. Verify critical developments through primary source documents while maintaining awareness of market-moving announcements.
Entergy Mississippi has launched the Kids to College program, donating $60,000 to establish 1,200 child savings accounts for low- and moderate-income families at the Children's Foundation of Mississippi Summit. Each eligible family can receive a $50 match for their child’s my529 account. To qualify, families must be Entergy customers with an annual income of up to $52,000 for single parents or $60,000 for dual earners. The initiative aims to empower children’s educational aspirations and combat generational poverty, marking a significant investment in Mississippi’s future.
Entergy Mississippi has launched its first direct current fast charging station pilot project in Ridgeland, costing $200,000, to support the growing electric vehicle (EV) market. This station will serve EV drivers along I-55 and I-20 and enable Entergy to study the impact of EVs on the power grid. Equipped with two chargers providing up to 120 kilowatts, it aims to gather data on EV usage patterns. As EV ownership rises, with an estimated 26 million vehicles projected by 2030, this initiative is crucial for planning future infrastructure needs. The project also contributes to bridging the 'charging gap' on Mississippi highways, enhancing tourism and economic activity.
Entergy has announced a contribution of $1 million in shareholder-funded grants to 19 local community partners through its Environmental Initiatives Fund. This marks the 22nd consecutive year of such funding, aimed at supporting projects that reduce environmental risks and enhance community sustainability. Notable recipients include Ducks Unlimited, Feed the Second Line, and The Nature Conservancy. Since 2001, Entergy has invested nearly $42 million in environmentally beneficial projects, aligning with the United Nations Sustainable Development Goals.
Blue Cross and Blue Shield of Louisiana, Healthy Blue, and Entergy are partnering to sponsor 200,000 meals for Louisiana food banks, commemorating Martin Luther King Jr. Day. Volunteers will pack meals from January 16-21 as part of a National Day of Service. Last year, the group donated over 170,000 meals. Entergy aims to provide 2.6 million meals by 2025 as part of its commitment to combat food insecurity. This initiative highlights ongoing community support amid rising food costs, addressing recent research indicating over 50% of Louisiana households struggle to afford essential needs.
Entergy has affirmed its adjusted EPS guidance and outlooks following recent Federal Energy Regulatory Commission (FERC) orders regarding customer rates related to the Grand Gulf Nuclear Station. SERI, which operates the station, reported no additional refunds due to customers beyond those provided in 2021. The orders facilitate a $69 million ongoing rate base credit and a one-time credit of $25 million. However, SERI is required to refund approximately $149 million arising from a lease disallowance and will seek a rehearing on this ruling, impacting its financial outlook. Entergy remains committed to regulatory collaboration for customer benefits.
Entergy Louisiana filed its Phase I Future Ready resilience plan with the Louisiana Public Service Commission, seeking approval for a 10-year initiative to enhance grid resilience following major storms. The plan involves $9.6 billion in investments over ten years, with the first phase costing approximately $5 billion. It aims to reduce power restoration costs and customer interruptions by over 34 billion minutes over the next 50 years. The proposal includes grid-hardening measures and advanced vegetation management to combat increasing storm intensity and frequency.
Entergy Texas, Inc. has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock. The dividend distribution will be made on January 15, 2023, to shareholders who are on record as of January 3, 2023. Entergy Texas, a subsidiary of Entergy Corporation, serves over 486,000 customers across 27 counties, emphasizing its commitment to a cleaner energy future with a diverse portfolio that includes carbon-free sources.
Cameron LNG has signed a memorandum of understanding (MOU) with Entergy Louisiana to negotiate a new electric service agreement aimed at reducing Scope 2 emissions from electricity usage. The MOU lays the groundwork for a potential 20-year agreement focused on renewable power, crucial for Cameron LNG's sustainability goals. This initiative is expected to support the expansion of Cameron LNG, which includes a new liquefaction train. Entergy Louisiana aims to meet rising demand for carbon-reduction options, demonstrating its commitment to a cleaner energy future.
Entergy CEO Drew Marsh and the executive team will engage in investor meetings at the 57th Edison Electric Institute Financial Conference from November 13 to November 15, 2022. Relevant materials will be accessible on Entergy's Investor Relations website starting November 11. Entergy, a Fortune 500 company based in New Orleans, serves 3 million customers across Arkansas, Louisiana, Mississippi, and Texas. The company is committed to a sustainable energy future, contributing over $100 million annually to local communities through philanthropic efforts.
