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.
Entergy Corporation’s shutdown Vermont Yankee Nuclear Power Station has completed the final movement of spent nuclear fuel from the spent fuel pool in the reactor building to dry storage casks, a major milestone in decommissioning. The campaign was completed ahead of schedule and within the projected budget.
Entergy Corporation (NYSE: ETR) reported second quarter 2018 earnings per share of $1.34 on an as-reported basis and $1.79 on an operational basis (non-GAAP), which excludes the effects of special items. Results included 31 cents of income tax benefits from the settlement of its 2012-2013 IRS audit.
The Board of Directors of Entergy Corporation (NYSE: ETR) has declared a quarterly dividend of $0.89 per common share. The payment date is September 4, 2018, to stockholders of record on August 9, 2018.
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Entergy Corporation (NYSE: ETR) will report second quarter earnings results before market open on Wednesday, August 1, 2018, and host a teleconference at 9:00 a.m. CT that day to discuss the earnings announcement and the company’s financial performance.
Entergy Corporation (NYSE: ETR) will host its 2018 Analyst Day in New York City on Thursday, June 21, 2018. The event will feature presentations by Chairman and Chief Executive Officer Leo Denault and members of Entergy’s executive management team.
Entergy announced today the pricing of a registered underwritten offering of 13,289,037 shares of its common stock at a price to the public of $75.25 per share.