Entergy Corporation reports developments tied to its regulated electric utility operations in Arkansas, Louisiana, Mississippi and Texas, where its operating companies generate, transmit and distribute electricity to more than 3 million customers. Recurring news includes quarterly earnings, capital plans, rate filings, grid resilience work, generation additions and customer agreements for large electric-service needs.
Company updates also cover shareholder dividends, common stock offerings with forward components, debt and equity financing activity, subsidiary preferred-stock dividends, sustainability and performance reporting, and regulatory proceedings before state utility commissions. Entergy's generation and investment themes include modern natural gas, nuclear and renewable resources, along with transmission and distribution projects serving its regional customer base.
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Entergy Corporation (NYSE: ETR) is set to announce its 2022 financial results on February 16, 2023, before the market opens. A live webcast will be hosted by CEO Drew Marsh and CFO Kimberly Fontan at 10 a.m. Central time on the same day, with presentation materials available on their Investor Relations website ahead of the announcement. Entergy operates across several states, serving approximately 3 million customers and focusing on a cleaner, resilient energy future with carbon-free energy sources.
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On January 27, 2023, Entergy's board announced a quarterly dividend of $1.07 per share, payable on March 1, 2023. Shareholders of record by February 10, 2023 will receive this payment. Entergy has a strong history of continuous cash dividends since 1988. The company serves approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, focusing on carbon-free energy generation in a commitment to a cleaner energy future.
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.
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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.