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.
Entergy, serving 3 million customers, announces measures to alleviate financial strain from rising energy costs due to unprecedented temperatures and soaring natural gas prices. The company is allocating $10 million for bill payment assistance through programs like The Power to Care, waiving late fees and credit card payment fees for eligible customers, and organizing energy efficiency events. Entergy emphasizes its commitment to customer support amidst economic challenges while exploring additional solutions to enhance service reliability and efficiency.
Entergy announced the retirement of Paul Hinnenkamp, Chief Operating Officer, after a nearly 40-year career, effective August 12. Peter S. Norgeot Jr., current Senior Vice President of Operations, will succeed him. Hinnenkamp's tenure included the completion of four power plants ahead of schedule and the advancement of Entergy's sustainability strategy. He focused on safety and operational excellence. Norgeot has been with Entergy since 2014, overseeing strategies to reduce carbon emissions. This leadership transition aims to ensure continuity and future growth for Entergy.
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.