Entergy Texas, Inc. is offering $425,000,000 of First Mortgage Bonds, 5.20% Series due June 15, 2036. The bonds pay interest semi-annually on June 15 and December 15, with the first interest payment on December 15, 2026. The offering price is 99.730% of par, the underwriting discount is 0.650%, and estimated net proceeds to Entergy Texas are approximately $421,090,000 (before expenses). Proceeds are intended to finance construction of the Orange County Advanced Power Station and Lone Star Power Station, repay up to $130,000,000 of bonds maturing September 1, 2026, and for general corporate purposes. The bonds are secured by a first mortgage lien on substantially all of Entergy Texas’s tangible electric utility property in Texas and will be issued in book-entry form through DTC. The issuer may redeem the bonds under make-whole and other customary terms and may redeem at 101% upon a defined Tax Credit Event.
Entergy Texas, Inc. is offering a new series of First Mortgage Bonds under a preliminary prospectus supplement. The bonds pay interest semi-annually, will be issued in $1,000 denominations and will be secured by a first mortgage lien on substantially all tangible electric utility property in Texas. The bonds include customary optional redemptions, a Par Call Date redemption provision and a specific Right to Redeem for a Tax Credit Event that permits redemption at 101% of principal if a Tax Credit Event occurs. Net proceeds are expected to be used to finance construction of the Orange County Advanced Power Station and Lone Star Power Station, to repay up to $130 million aggregate principal amount of First Mortgage Bonds, 1.5% Series due September 1, 2026, and for general corporate purposes.
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.