Entergy Corp Stock Price, News & Analysis

Entergy Corporation (NYSE: ETR) has announced a quarterly dividend payment of $0.95 per share, set to be paid on March 1, 2021, to shareholders on record as of February 12, 2021. This marks a consistent dividend payment track record since 1988. Entergy operates power plants with approximately 30,000 megawatts of generating capacity, including 8,000 megawatts from nuclear sources. The company serves 2.9 million utility customers across Arkansas, Louisiana, Mississippi, and Texas, generating around $11 billion in annual revenue.

The Montgomery County Power Station in Texas commenced commercial operation on January 1, 2021, ahead of schedule, enhancing local energy reliability. This 993-megawatt facility is expected to provide cleaner, efficient power, translating into significant customer savings. Construction, which began in 2018, employed approximately 1,000 workers and stimulated local economic growth. Entergy Texas plans to invest $2.1 billion over three years for infrastructure modernization to meet increasing energy demands.

On December 23, 2020, Entergy Corporation and Holtec International submitted a License Transfer Application to the U.S. Nuclear Regulatory Commission to transfer the Palisades Nuclear Plant license post-shutdown in spring 2022. Holtec plans to accelerate the decommissioning timeline, completing it by 2041—over 40 years sooner than Entergy's original plan. The agreement will create job opportunities for around 260 Entergy employees. This move aims to benefit the local community economically and enhance safety and efficiency in the decommissioning process.

Entergy Louisiana, LLC has finalized the acquisition of the Washington Parish Energy Center for approximately $261 million. The 361-megawatt natural gas-powered facility, located near Bogalusa, will serve as a peaking plant, enhancing Entergy's clean-energy portfolio. This acquisition aims to improve reliability and efficiency, as it will replace older, less efficient natural gas plants. The purchase was approved by the Louisiana Public Service Commission and marks a strategic move towards providing reliable power at competitive rates.

The U.S. Nuclear Regulatory Commission has approved the transfer of Indian Point Energy Center's licenses from Entergy to Holtec International, enabling prompt decommissioning. This transfer is scheduled for May 2021, following the shutdown and defueling of Unit 3 by April 30, 2021. Entergy’s CEO stated the sale will lead to faster site remediation. Holtec, with prior experience in decommissioning, will offer jobs to approximately 300 current employees. There is also a pending petition with the New York Public Service Commission regarding this transaction.

Entergy Corporation (NYSE: ETR) appointed Brian Ellis as a director, effective October 30, 2020. Ellis, with nearly 30 years of legal and corporate governance experience, aims to enhance Entergy's strategic direction. His background includes serving as senior vice president and general counsel at Danaher Corporation. With this appointment, Entergy's board expands to 11 members, signaling a commitment to sustainable value creation. The company operates power plants with about 30,000 megawatts capacity and has annual revenues of $11 billion.

Entergy Corporation (NYSE: ETR) has announced a quarterly dividend increase to $0.95 per share, up by $0.02. The dividend will be payable on Dec. 1, 2020, to shareholders on record as of Nov. 12, 2020. This marks a continuation of dividend payments since 1988. Entergy serves 2.9 million utility customers across Arkansas, Louisiana, Mississippi, and Texas, with annual revenues of $11 billion and a generating capacity of approximately 30,000 megawatts.