Entergy Texas, Inc. reported that David C. Borde, its Chair, President & CEO, held 0 shares directly of its 5.375% Series A Preferred Stock as of October 5, 2026.
Entergy Texas, Inc. appointed David C. Borde as a director, Chairman of the Board, President and CEO effective October 5, 2026. He succeeded Eliecer Viamontes, who advised the company on October 2, 2026, of his intent to resign from those positions effective October 5, 2026. Borde has served as Vice President, Utility Strategy and Regulatory Initiatives of Entergy Services, LLC since March 2021.
Borde will be paid an annual base salary of $450,000 and is eligible for an annual cash bonus targeted at 55% of base salary, as well as performance unit, restricted stock and stock option awards under Entergy Corporation’s 2019 Omnibus Incentive Plan or a successor plan. Grant and award levels will be determined through Entergy’s normal annual compensation review process.
Entergy Texas, Inc. describes shareholder action taken by written consent rather than a meeting. Entergy Corporation, the sole holder of 46,525,000 shares of Common Stock with 79% of voting power, approved the reelection of three directors effective August 23, 2026; preferred and common holders are being informed only.
The company has 1,400,000 shares of 5.375% Series A Preferred and 150,000 shares of 5.10% Series B Preferred, which together hold 21% of voting power. All directors are officers of Entergy or its affiliates, and the company relies on NYSE exemptions from majority‑independent board requirements because only its Series A Preferred is listed. Oversight of accounting, risk, governance, finance, and compensation occurs through Entergy’s board committees, while Deloitte & Touche earned $1,365,586 in 2025 audit fees. Executive pay for the named officers follows Entergy’s pay‑for‑performance philosophy, with base salary, annual cash incentives driven mainly by ETR Adjusted EPS, Adjusted FFO/Debt, safety, customer and talent metrics, and long‑term incentives in performance units, stock options, and restricted stock; for 2025 the Entergy Achievement Multiplier was 155% of target.
ENTERGY TEXAS, INC. filed a Form 3 identifying Patrick J. Stack Jr. as its Senior Vice President and Chief Accounting Officer. The filing does not report any insider purchases, sales, or other transactions, and shows no derivative positions or holding entries for this reporting person.
Entergy Texas, Inc. has completed a new debt financing, issuing $425,000,000 aggregate principal amount of First Mortgage Bonds bearing interest at 5.20% and maturing on June 15, 2036. The sale closed on May 14, 2026 under an Underwriting Agreement dated May 11, 2026.
The Bonds were offered pursuant to Entergy Texas’s shelf Registration Statement on Form S-3, which became effective upon filing. The company also filed related exhibits, including an officer’s certificate establishing the bond terms and legal opinions and consents from external law firms regarding the validity of the Bonds.
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 reports higher first‑quarter 2026 results while absorbing severe storm and fuel costs and ramping up large capital projects.
Operating revenues rose to $3.19 billion from $2.85 billion, driven mainly by higher fuel and rider revenues and retail price increases, while the sale of gas distribution businesses reduced gas revenue. Net income attributable to Entergy increased to $384.9 million from $360.8 million and diluted EPS edged up to $0.83 from $0.82.
Winter Storm Fern caused an estimated $480 million of restoration costs and helped push January 2026 natural gas purchases to $483 million versus $207 million a year earlier, largely recoverable through fuel mechanisms. Management outlines an aggressive $57.2 billion capital plan for 2026‑2029 focused on new gas and solar generation, transmission, and resilience, including major projects tied to data center customers. Debt‑to‑capital rose to 65.9%, supported by a $3 billion credit facility, $1.37 billion of commercial paper, and plans to issue about $6.6 billion of equity and $3 billion of junior subordinated debentures through 2029.
Entergy Texas, Inc., a subsidiary of Entergy Corporation, entered into a set of financing and leasing agreements to fund and lease a planned 754-megawatt combined cycle gas power plant, the Legend Power Station in Jefferson County, Texas. Under a Participation Agreement with BA Leasing BSC, LLC and other participants, construction costs for the facility are expected not to exceed $1.450 billion, with advances made monthly during construction and rolled into a Lease Balance.
The lease with BA Leasing BSC, LLC is expected to begin about 26 months from December 9, 2025 and run for up to roughly 58 months. During the lease term, Entergy Texas will pay rent covering yield on the Lease Balance and will bear operating, insurance, tax, and maintenance costs. Entergy Texas has an early purchase option for an amount tied to the Lease Balance and other specified sums, and at the end of the term must either extend the lease with participant consent, purchase the property, or arrange a third‑party sale.
The agreements include customary covenants, notably a requirement that Entergy Texas maintain a consolidated debt ratio of no more than 65% of total capitalization, and provide for acceleration or loss of lease rights upon defined events of default.