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 (NYSE: ETI-PR) has declared a quarterly dividend of $0.336 per share on its preferred stock. This dividend will be payable on July 15, 2021, to shareholders of record as of July 1, 2021. Entergy Texas serves approximately 473,000 customers across 27 counties and is a subsidiary of Entergy Corporation, which operates one of the cleanest large-scale power generating fleets in the U.S.
Entergy Corporation (NYSE: ETR) has successfully completed the sale of the Indian Point Energy Center to a subsidiary of Holtec International, aiming to expedite decommissioning activities by decades. The facility's final operating unit, Unit 3, was shut down on April 30, 2021, after 45 years of operation. This sale follows regulatory approvals from the U.S. Nuclear Regulatory Commission and the New York State Public Service Commission. Entergy is transitioning away from nuclear operations, with plans for further divestments.
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Entergy Corporation's Indian Point Energy Center Unit 3 will permanently shut down on April 30, 2021, concluding nearly 60 years of operation. This decision is part of a settlement with New York State, driven by consistently low energy prices impacting revenue. Unit 3 is notable for achieving a world record with 751 continuous days of operation. Since acquiring the units, Entergy increased their output significantly, generating 25% of New York City's power. Entergy plans to transfer the facility to Holtec International for prompt decommissioning, with existing employees offered relocation opportunities.
Entergy Corporation (NYSE: ETR) reported Q1 2021 earnings per share of $1.66, up from $0.59 in Q1 2020, with adjusted earnings at $1.47, compared to $1.14 year-over-year. The company achieved settlements that mitigate risks and pave the way for future growth in cleaner energy generation. Key business highlights include renewable resource RFPs from multiple subsidiaries and successful resolution of rate plans. Entergy maintained its adjusted EPS guidance for 2021 at $5.80 to $6.10, despite potential uncertainties from exiting the wholesale commodities business.
Deanna Rodriguez has been appointed president and CEO of Entergy New Orleans, LLC, effective May 9, 2021. She succeeds David Ellis, who becomes Entergy Corporation's chief customer officer. Rodriguez brings nearly 30 years of experience, including vice president roles in regulatory and public affairs. She has been instrumental in aligning stakeholder interests with Entergy's customer-centric plans and has initiated successful programs, such as Energy Smart. Rodriguez holds a master's degree in public affairs from the University of Texas at Austin, and her leadership aims to enhance customer satisfaction.
Entergy Corporation (NYSE: ETR) has appointed David Ellis as its first-ever chief customer officer, effective May 9, 2021. Ellis, previously president and CEO of Entergy New Orleans, will focus on enhancing customer experiences and developing innovative solutions to meet their needs. His leadership includes overseeing the startup of the 128-megawatt New Orleans Power Station and promoting renewable energy projects. With nearly three decades in the energy sector, Ellis aims to align Entergy's services with customer goals around reliability, affordability, and sustainability.
Entergy Corporation (NYSE: ETR) released its 2020 Integrated Report, highlighting its resilience during unprecedented challenges, including the COVID-19 pandemic. The report outlines key achievements like a 37% reduction in carbon emissions since 2000 and over $1.1 billion invested in local suppliers. It emphasizes Entergy's commitment to reliable, affordable energy and community support, with nearly $19 million in charitable contributions. The report reinforces Entergy's goal for a carbon-free future and strong financial results despite the adversities faced in 2020.
Entergy Corporation (NYSE: ETR) will release its first quarter 2021 financial results on April 28, 2021, prior to market opening. A conference call to discuss these results is scheduled for 10 a.m. CT on the same day. Investors can access the call via a live webcast or by phone. Entergy serves nearly 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, boasting an annual revenue of $10 billion and a significant electric generating capacity of approximately 30,000 megawatts, including 8,000 megawatts from nuclear power.
On April 14, 2021, Entergy and Holtec International, along with various New York state entities, submitted a Joint Proposal to the New York Public Service Commission for the decommissioning of the Indian Point Energy Center. This proposal seeks approval for the post-shutdown transfer from Entergy to Holtec. The Joint Proposal aims to address issues such as financial assurance, site restoration, and local emergency funding. With Indian Point Unit 3 slated to shut down by April 30, 2021, Holtec plans to begin decommissioning promptly, aiming for site reuse by the 2030s, significantly ahead of schedule.
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