New Orleans, La. – Entergy Louisiana, LLC announced today that on September 16, 2016 (the “Redemption Date”), it will redeem all $118,000,000 principal amount of its outstanding First Mortgage Bonds, 6% Series due March 15, 2040, (the “Bonds”), at the redemption price of 100 percent of the principal amount thereof (the “Redemption Price”) plus accrued interest thereon to but excluding the Redemption Date. The Bonds are listed on the New York Stock Exchange and trade under the symbol ELB.
On the Redemption Date, provided that the trustee has received sufficient funds to complete the redemption, the Redemption Price, together with accrued interest to but excluding the Redemption Date, shall become due and payable on each Bond, and on and after the Redemption Date, the Bonds shall cease to bear interest. Payment of the Redemption Price and accrued interest will be made on or after the Redemption Date upon presentation and surrender of the Bonds to The Bank of New York Mellon, Bondmaster Ops – Syracuse – Vault, 111 Sanders Creek Parkway, East Syracuse, New York 13057.
Entergy Louisiana, LLC provides electric service to more than 1 million customers and natural gas service to approximately 93,000 customers in the greater Baton Rouge area. With operations in southern, central and northeastern Louisiana, the company is a subsidiary of Entergy Corporation (NYSE: ETR), an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.