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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 Mississippi has donated $650,000 through its Beat the Heat program to assist low-income customers during the summer. The initiative provided bill payment assistance, fans, energy efficiency kits, and home weatherization. Key aspects of the program include:
- Over $641,000 donated to The Power to Care program for energy bill assistance
- More than $9,000 in grants for free resources like electric fans and weatherization kits
- Distribution of 200 free electric fans and 650 energy efficiency kits
- A customer engagement event serving 400 customers with various resources
Entergy Mississippi aims to support vulnerable customers in managing their energy bills and staying comfortable during extreme temperatures.
Three Entergy Louisiana employees were honored with certificates of commendation from Baton Rouge Mayor-President Sharon Weston Broome for their stakeholder engagement efforts during and after Hurricane Francine. Seth Schilling, Desiree Harris, and Traye Granger were recognized for their dedication to the community in the storm's aftermath.
The hurricane made landfall as a Category 2 storm on Sept. 11, affecting over 300,000 Entergy customers. Mayor Broome praised the Entergy team for effective communication and strong stakeholder engagement, emphasizing their quick and coordinated efforts in restoring critical services.
Entergy Louisiana continues to invest in improving service reliability and strengthening the state's power grid. The Louisiana Public Service Commission recently approved phase one of the company's comprehensive grid resilience program, a five-year initiative expected to help avoid up to $1.2 billion in storm restoration costs.
Entergy Arkansas has donated nearly $380,000 through its "Beat the Heat" program to help low-income customers manage energy costs during the summer of 2024. The program provided:
- Over $300,000 in bill assistance through The Power to Care program
- More than $12,000 in grants for electric fans and weatherization kits
- 600+ free electric fans
- 70 energy efficiency kits
- Free access to Single Stop, an online resource for financial assistance
- In-person customer service events offering various resources
- Support for home weatherization
Ventrell Thompson, VP of customer service, emphasized Entergy's commitment to helping customers manage energy costs during high-usage periods.
Entergy New Orleans has donated $383,025.25 through its 'Beat the Heat' program to assist low-income customers during the summer. The initiative provides bill payment assistance, fans, energy efficiency kits, and home weatherization. Entergy's efforts include:
- Donating over $3 million to The Power to Care program
- Providing free access to Single Stop, an online resource for financial assistance
- Awarding $7,500 in grants for fans and weatherization kits
- Distributing 100 free electric fans and 100 energy efficiency kits
- Weatherproofing 4 low-income homes
Entergy New Orleans aims to support vulnerable customers facing increased energy costs due to extreme temperatures. The company collaborates with local organizations to provide resources and assistance throughout the critical summer months.
Entergy has announced key leadership changes effective Oct. 1, 2024. Liz Hunter has been appointed as vice president of investor relations, reporting to CFO Kimberly Fontan. Hunter, with over 20 years of experience in financial analysis, will lead Entergy's interactions with the investment community and communicate the company's strategy. She succeeds Bill Abler, who will transition to lead the company's system planning organization.
Hunter, currently serving as director of investments and cash management, has been with Entergy since 2003. In her new role, she will lead the investor relations team and provide counsel to executive management and the board on Wall Street perspectives.
Abler, in his new position, will lead Entergy's system planning and operations organization, reporting to COO Pete Norgeot. He will focus on advancing the company's customer-focused business strategy while delivering safe, reliable, and affordable energy.
Entergy has announced that Rod West, group president of utility operations, will retire on Jan. 31, 2025, after more than 25 years with the company. Starting Nov. 1, 2024, West will serve as a strategic advisor to Entergy's Chair and CEO, Drew Marsh, and the executive team to ensure a smooth transition.
West has been responsible for the operational and financial performance of Entergy's utility companies in Arkansas, Louisiana, Mississippi, and Texas. His contributions include positioning the company for regional industrial growth, modernizing the energy grid, and improving customer focus. Notable recent successes under his leadership include Entergy Mississippi's partnership with Amazon Web Services and Entergy Louisiana's approval for a $1.9 billion investment in grid resilience over five years.
Crescent Midstream has been chosen to develop an integrated carbon capture and sequestration (CCS) project for Entergy 's 994 MW Lake Charles Power Station in Westlake, Louisiana. The project, valued at approximately $1 billion, aims to capture and transport 3 million metric tonnes of CO2 per year, equivalent to the annual emissions of 600,000 motor vehicles. This collaboration involves SAMSUNG E&A and utilizes Honeywell's carbon capture technologies.
The project is set to be one of the largest CCS initiatives in the United States, targeting the Louisiana Gulf Coast, the second-largest CO2-emitting state. Crescent Midstream will leverage its extensive pipeline experience to safely transport CO2 from emitters to permanent underground storage facilities. This aligns with Crescent's commitment to corporate sustainability, which includes sponsoring efforts to plug orphaned oil wells and preserve marshlands in Louisiana.
Entergy has donated $3 million to help low-income customers become more energy efficient and save money on their bills during the severe summer heat. Through the 'Beat the Heat' program, customers received bill payment assistance, fans, energy efficiency kits, home weatherization, and support from local community partners. The company also launched Single Stop, a free program connecting households in need with financial assistance.
Key initiatives include:
- Donating over $2.8 million to The Power to Care program
- Providing 3 million customers access to Single Stop
- Awarding $83,250 in grants for free resources
- Distributing 3,900 free electric fans and 900 energy efficiency kits
- Weatherproofing over 200 low-income homes
Entergy offers various energy efficiency and bill help programs, including the Bill Toolkit website, Power to Care program, and Level Billing option.
Entergy has donated $3 million to help low-income customers become more energy efficient and save money on their bills during the severe summer heat. Through the 'Beat the Heat' program, customers received bill payment assistance, fans, energy efficiency kits, home weatherization, and support from local community partners. The company also launched Single Stop, a free program connecting households in need with financial assistance.
Key initiatives include:
- Donating over $2.8 million to The Power to Care program
- Providing 3 million customers access to Single Stop
- Awarding $83,250 in grants for free resources
- Distributing 3,900 free electric fans
- Weatherproofing over 200 low-income homes
Entergy offers various energy efficiency and bill help programs, including the Bill Toolkit website, myAdvisor for usage tracking, and Level Billing for consistent monthly bills.
Entergy 's Louisiana Distribution Operations Center played a important role in restoring power after Hurricane Francine. The center, described as the "nerve center and heartbeat of the grid" by manager Felton Coleman, coordinates restoration efforts across Louisiana. Employees analyze real-time data on large screens, managing information to ensure efficient and safe power restoration.
The center operates with a chain of command, assessing outages and determining solutions. Two-way communication between operators and field crews is constant. Thanks to this teamwork, Entergy restored power to over 90% of customers within three days after Francine. The storm response team peaked at 8,000 people, including frontline workers and support personnel working 16-hour days until all customers regained power.