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.
News and disclosures about Entergy Corporation (ETR) focus on its activities as a regulated utility holding company that produces, transmits and distributes electricity for approximately 3 million customers in Arkansas, Louisiana, Mississippi and Texas. Company news releases highlight capital investment programs, regulatory decisions, board and leadership changes, financial results and dividend actions, providing context for how Entergy manages its utility operations and growth strategy.
Investors and observers can expect frequent updates on grid reliability and capacity expansion initiatives. Examples include Entergy Arkansas’s “Next Generation Arkansas” plan, which addresses reliability improvements, new generation resources and economic development, and Entergy Texas’s STEP Ahead plan, which covers transmission projects, resiliency efforts and new power stations to support Southeast Texas growth. Entergy Louisiana news has described new combined-cycle natural gas facilities designed to strengthen reliability and support large customers such as data centers.
Entergy’s news flow also covers corporate governance and leadership developments, such as the election of new independent directors and planned executive retirements, as well as participation in industry events like the Edison Electric Institute Financial Conference. Regular earnings releases provide information on quarterly results, guidance ranges for adjusted earnings per share and key regulatory or project milestones.
Dividend announcements, preferred stock actions at subsidiaries such as Entergy Texas, and financing activities are additional recurring topics. Together, these items offer insight into Entergy’s financial policy, capital structure and long-term investment plans. For readers following ETR, this news page serves as a centralized view of the company’s operational, regulatory and financial developments across its multi-state utility footprint.
The board of directors of Entergy Texas has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock. This dividend will be payable on April 15, 2023, to shareholders of record as of April 4, 2023. Entergy Texas serves nearly 500,000 customers across 27 counties and is part of Entergy Corporation, which provides energy to 3 million customers in the U.S. Entergy is recognized for its commitment to sustainability and has contributed over $100 million annually to local communities since 2018.
Entergy Louisiana is pursuing a significant renewable power expansion, filing a request with the Louisiana Public Service Commission on March 13 for approval to add 3 gigawatts of solar power. This expansion follows an earlier request for 225 megawatts of solar energy. With a total of 3,225 megawatts now in the approval queue, Entergy aims to enhance its generation portfolio and support state economic growth while reducing its carbon footprint. Current renewable resources total 280 megawatts, contributing to 25% of its portfolio being carbon-free. Entergy's broader goal is to achieve 15 to 17 gigawatts of renewables by 2031.
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Entergy Louisiana has submitted a request to the Louisiana Public Service Commission to add up to three gigawatts of solar power, marking the largest renewable expansion request in state history. This proposal builds on an earlier request for nearly 225 megawatts and aims to enhance local economic development through job creation and increased tax revenues. The total solar power in the approval queue now reaches 3,225 megawatts. Entergy's efforts support its commitment to achieve net-zero carbon emissions by 2050, aligning with its long-term renewable goals of 15 to 17 gigawatts by 2031.
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Entergy Corporation participated in LIHEAP Action Day on February 15 and 16, 2023, in Washington, D.C., advocating for the federal Low Income Home Energy Assistance Program. Partnering with four action agencies, Entergy met with 24 congressional offices to highlight the importance of LIHEAP for low-income households facing rising energy costs, especially due to extreme weather and inflation. In Entergy's service areas, approximately 3.84 million households are eligible for LIHEAP, but only about 12% receive assistance. The company continues to host outreach events to increase LIHEAP awareness and support applications for energy assistance.
Entergy Louisiana and Entergy New Orleans announced the launch of a child savings account program called Kids to College, aimed at supporting low- and moderate-income families in Louisiana. The companies will donate $175,000 to help families establish savings accounts, providing a $50 match for eligible participants. Families must meet specific income thresholds and register through the Kids to College portal. The initiative, powered by an endowment in honor of former Chairman J. Wayne Leonard, underscores Entergy's commitment to enhancing education and community opportunities.
Entergy Louisiana has submitted a request to the Louisiana Public Service Commission to approve two solar projects totaling nearly 225 megawatts. The projects, located in Iberville and Ouachita Parishes, aim to enhance the company's renewable energy portfolio in response to customer demand. If approved, construction is set to begin in Spring 2024, with the Iberville facility operational by late 2025 and Sterlington Solar Facility by early 2026. This initiative aligns with Entergy's sustainability goals and builds on its existing 280 megawatts of renewable resources.
Entergy announced the election of two new board members, Gina Adams and John Black, enhancing its leadership with expertise in accounting and external affairs. Adams has nearly 40 years of experience in government and regulatory affairs, currently serving at FedEx, while Black has a similar tenure in public accounting, recently retiring from Deloitte & Touche. Both bring valuable insights to Entergy's board, aligning with the company's goal to strengthen its utility leadership. CEO Drew Marsh remarked their backgrounds will benefit stakeholders including customers and communities.
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