Entergy Corp Stock Price, News & Analysis

Meta announced a $10 billion artificial intelligence data center project in Richland Parish, Louisiana, set to be the company's largest worldwide. The 4 million square foot facility, spanning 2,250 acres, will create 500 direct jobs and over 1,000 indirect jobs, with 5,000 construction workers at peak construction through 2030.

The data center will be optimized for Meta's AI workloads, supporting platforms like Facebook, Instagram, and WhatsApp. Meta commits to match 100% of electricity use with clean and renewable energy, working with Entergy to bring 1,500 MW of new renewable energy to the grid. The company will invest over $200 million in local infrastructure improvements and contribute up to $1 million annually to Entergy's low-income ratepayer support program.

Entergy has announced its platinum sponsorship of the 51st Bayou Classic, a prestigious annual football game between Southern University Jaguars and Grambling State University Tigers that celebrates Historically Black Colleges and Universities (HBCUs). The event, drawing over 200,000 people to New Orleans, will take place on November 30 at the Caesars Superdome. As part of its commitment to HBCUs, Entergy has pledged a $20 million, 10-year investment through The Power of Prosperity program to support education, career readiness, and workforce development across Arkansas, Louisiana, Mississippi, and Texas.

Entergy joins Utilities United Against Scams to support International Fraud Awareness Week and recognize Utility Scam Awareness Day. The initiative aims to educate customers about common utility impostor scams, which caused a median loss of $463 per victim in 2023 according to the BBB.

The top 10 scams include: disconnection deception, bill payment cons, equipment repair fees, overpayment tricks, power restoration rip-offs, phishing variants (smishing, vishing, quishing), contractor cons, home improvement schemes, solar scams, and bogus bills. To protect customers, Entergy emphasizes using only authorized payment methods and verifying the identity of utility workers.

Entergy Arkansas raised $126,826 at its 20th annual Power to Care Charity Golf Classic, which will be matched by Entergy shareholders for a total of over $250,000. The event, held at The Country Club of Arkansas, featured 38 teams and exceeded last year's sponsorship goal of $60,000. Diamond Sponsor Doggett Freightliner contributed $10,000, while Platinum Sponsors Midwest Transformers and A-Line TDS each donated $7,500. The funds will help more than 400 elderly and disabled customers pay their utility bills, supporting those facing financial hardship.

Entergy has received the HIRE Vets Gold Medallion Award from the U.S. Department of Labor for the seventh consecutive year, recognizing its excellence in veteran employment. The company was honored alongside 838 other recipients during a virtual ceremony by Acting Secretary of Labor Julie A. Su. Entergy's Veterans Employee Resource Group (VERG) plays a important role in veteran integration, offering leadership programming, dedicated HR efforts, pay compensation, and tuition assistance programs. The company meets strict criteria for veteran hiring and retention, demonstrating its commitment to leveraging veterans' military-acquired skills in the workplace.

Entergy Mississippi has broken ground on the Delta Blues Advanced Power Station in Greenville, Mississippi, a $1.2 billion investment set to replace the retiring Gerald Andrus Steam Electric Station. The new 754-megawatt facility will power 385,000 homes across 45 counties when operational in 2028. The project will create over 300 construction jobs and employ 21 full-time personnel. The plant will use combined-cycle combustion turbine technology with natural gas as primary fuel, designed to support blended hydrogen for reduced carbon emissions.

Entergy has awarded $150,000 to Refill Jackson Initiative for their Refill Jackson Green Corps program, a new workforce training AmeriCorps initiative in Jackson, Mississippi. The 5-month program combines environmental stewardship with workforce development, enabling young adults to improve water quality along the Pearl River watershed, remove debris from flood-prone areas, and clean up West Jackson neighborhoods. Participants will earn construction credentials, stipends, and water quality testing certification from Mississippi State University's Extension Services. The funding comes through Entergy's Environmental Initiative Fund, which has been supporting environmental projects across the company's four-state service area since 2001.

Entergy announced its participation in the upcoming Edison Electric Institute Financial Conference, scheduled from November 10-12, 2024. CEO Drew Marsh and senior management will engage with investors during the event. The company will make meeting materials available on their investor relations website on November 8, 2024, accessible through the events and presentations section.

Entergy has been recognized among the top 25 workplace giving contributors for St. Jude Children's Research Hospital, with employee donations exceeding $230,000 through payroll contributions. The announcement was made on August 29, 2024, during the company's Northern Regional employee meeting.

The donations, matched dollar-for-dollar by company shareholders, span across Arkansas, Louisiana, Mississippi, and Texas. These contributions help St. Jude provide cutting-edge treatments at no cost to families, contributing to increasing childhood cancer survival rates from 20% to over 80% since 1962.

The recognition ceremony included a check presentation with executives from ALSAC, St. Jude's fundraising organization, highlighting Entergy's commitment to powering life beyond energy services through strategic community partnerships.