Entergy officials, business and community leaders gathered at the GT OmniPort Industrial Park today to “cut the wire” on the Port Arthur Reliability Transmission Project, an approximately $70 million investment in Southeast Texas. Once completed in 2020, the transmission project will provide reliable power to both existing and future customers in the growing area.
The Entergy Corporation (NYSE: ETR) Board of Directors has declared a quarterly dividend of $0.91 per common share.
Entergy Texas, Inc. has reached a settlement agreement with the Public Utility Commission Staff and the intervening parties in its rate case, filed on October 5, 2018. This agreement, pending approval by the Public Utility Commission of Texas, will keep rates low, while continuing to grow the economy by investing in new infrastructure to ensure reliable and cost effective electricity for customers. As part of this plan, Entergy Texas is also passing along substantial savings from federal tax reform directly to its customers. These tax savings, along with investments in infrastructure to reduce outages and improve service, will result in more affordable and reliable energy to customers.
Entergy Corporation (NYSE: ETR) will report third quarter earnings results before market open on Wednesday, October 31, 2018, and host a teleconference from 10:00 a.m. to 10:45 a.m. CT that day to discuss the earnings announcement and the company’s financial performance.
Entergy Corporation Chairman and Chief Executive Officer Leo Denault plans to provide a presentation as part of a panel discussion on Wednesday, Oct. 3, 2018, during the Wolfe Research Utilities & Energy Conference.
The two operating units at Indian Point Energy Center, Unit 2 and Unit 3, received their renewed operating licenses today from the U.S. Nuclear Regulatory Commission (NRC), ending more than 11 years of regulatory review.
For the 11th consecutive year, Site Selection magazine has named Entergy as one of the nation’s Top 10 utilities in economic development. The accolade comes as a result of Entergy’s part in supporting projects that resulted in nearly $4.25 billion of capital investment and the creation of more than 4,688 new jobs within the service territory in 2017.
Leadership changes at Entergy New Orleans.
Effective Monday, August 20, Charles Rice, currently president and chief executive officer of Entergy New Orleans, LLC will transition to a new role in Entergy’s legal department. Rod West, group president, utility operations for Entergy Corporation, will add the role of interim president and chief executive officer of Entergy New Orleans to his responsibilities until a successor is named.
Move to a pure play utility continues.
Entergy has agreed to sell the subsidiaries that own the Pilgrim Nuclear Power Station in Plymouth, Massachusetts, and the Palisades Power Plant in Covert, Michigan, after their shutdowns and reactor defuelings, to a Holtec International subsidiary for accelerated decommissioning.