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.
Entergy Corporation is set to release its third-quarter 2021 financial results on November 3 before market opening. A conference call will be held at 10 a.m. CT on the same day to discuss the earnings outcomes. Investors and the public can listen to the live webcast via the company's investor relations page or by calling 844-309-6569 with conference ID 8029888. Entergy serves around 3 million customers across several states and reported annual revenues of $10 billion.
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Entergy Corporation (ETR) announced the restoration of power to approximately 932,000 customers, representing 98% of those affected by Hurricane Ida. The company deployed around 27,000 workers for restoration efforts. The storm caused significant damage, including over 30,500 distribution poles and an estimated $2.1 billion to $2.6 billion in restoration costs. Utility revenues are expected to decline by $75 million to $85 million due to outages. Despite this, Entergy maintains its adjusted earnings per share guidance for 2021 of $5.80 to $6.10.
The board of directors of Entergy Texas has declared a quarterly dividend of $0.336 per share on preferred stock, payable on October 15, 2021. Shareholders of record as of October 1, 2021 will receive this payment. Entergy Texas serves approximately 473,000 customers across 27 counties and is a subsidiary of Entergy Corporation, which has annual revenues of $10 billion. The company operates a clean power generating fleet, including 7,000 megawatts of nuclear power, contributing to its strong market position.
Entergy Corporation (NYSE: ETR) has announced plans to address the New Orleans City Council regarding future operational options for Entergy New Orleans, LLC. Four preliminary options are proposed, including a merger with Entergy Louisiana, a sale to another utility, a standalone company model, or municipalization. Entergy New Orleans serves 207,000 electric and 108,000 gas customers, representing approximately $633.8 million, or 6% of Entergy's total revenue. The decision from the City Council is expected soon following a vote on September 22, 2021.
Entergy Corporation (NYSE: ETR) announced preliminary estimated timelines for power restoration following Hurricane Ida, which impacted nearly 950,000 customers in Louisiana and Mississippi. As of September 3, power has been restored to about 225,000 customers. Over 14,000 poles and 2,223 transformers were damaged. Restoration efforts involve 26,000 professionals and are ongoing, with various communities receiving power back as early as September 3. The company faces challenges from extensive storm damage and COVID-19 measures but remains committed to keeping communities updated.
Entergy Corporation (NYSE: ETR) has made significant progress in restoring power after Hurricane Ida's devastation in Southeast Louisiana and Mississippi. Over 107,000 customers have regained electricity, with the New Orleans Power Station supplying initial power to the Greater New Orleans area. The storm impacted approximately 950,000 customers, second only to Hurricane Katrina. Restoration efforts continue with 21,000 workers from 38 states involved in damage assessment and service restoration. Entergy emphasizes safety as crews tackle extensive damage, including over 5,800 downed poles and 1,400 damaged transformers.
Entergy Texas Inc. announced the retirement of Sallie Rainer, president and CEO, effective November 14, 2021, after over 37 years with the company. Rainer, who has led initiatives to modernize infrastructure and improve customer service since 2012, will be succeeded by Eliecer "Eli" Viamontes, the current vice president of utility distribution operations. Under Rainer's leadership, Entergy Texas invested over $2 billion in new assets and earned top recognition from JD Power & Associates for customer service. Viamontes aims to continue enhancing services for approximately 473,000 customers in Texas.
Entergy Corporation (NYSE: ETR) reported a Q2 2021 loss of $6 million, or (3) cents per share, on an as-reported basis, contrasted with Q2 2020 earnings of $361 million, or $1.79 per share. Adjusted earnings were $1.34 per share, just slightly below the prior year's $1.37. Key highlights included the completion of the Indian Point sale resulting in a $340 million impairment and various regulatory approvals for new projects. Entergy affirmed its adjusted EPS guidance for 2021 at $5.80 to $6.10, expecting to perform in the upper half of this range.
Entergy Corporation (NYSE: ETR) has declared a quarterly dividend of $0.95 per share, payable on September 1, 2021, to shareholders of record as of August 12, 2021. This consistent dividend payment underscores the company's commitment to returning value to shareholders since 1988. Entergy, which serves 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, boasts an annual revenue of $10 billion and operates a fleet with a generating capacity of approximately 30,000 megawatts, including 7,000 megawatts from nuclear power.