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Entergy New Orleans, LLC issued and sold $90,000,000 aggregate principal amount of First Mortgage Bonds in two series to institutional investors under a private placement exemption.
The company sold $35,000,000 of 5.91% First Mortgage Bonds due June 1, 2036 and $55,000,000 of 6.65% First Mortgage Bonds due June 1, 2056. Interest on both series is payable semi-annually on June 1 and December 1, beginning December 1, 2026. Each series is redeemable at the company’s option with a make-whole premium before specified dates and at par plus accrued interest thereafter.
Entergy Corporation announced a planned leadership transition in its top accounting role. Senior Vice President and Chief Accounting Officer Reginald T. Jackson intends to retire from Entergy Corporation and its operating company registrants at the close of business on May 31, 2026.
Effective June 1, 2026, Patrick J. Stack, age 53, will become Senior Vice President and Chief Accounting Officer of Entergy Corporation and each operating company registrant. Stack currently serves as Corporate Controller of Entergy Services, LLC and previously held controller roles in utility operations accounting.
In his new role, Stack will receive an annual base salary of $356,000, be eligible for an annual cash bonus targeted at 45% of base salary, and may receive performance units, restricted stock, and stock options under Entergy’s 2019 Omnibus Incentive Plan. The company notes there are no appointment arrangements with other persons, no family relationships with directors or executive officers, and no related-party transactions requiring disclosure.