Entergy Corporation (NYSE: ETR) reported third quarter 2018 earnings per share of $2.92 on an as-reported basis and $3.77 on an operational basis (non-GAAP), which excludes the effects of special items.
The following is a statement from Entergy Corporation.
Palisades Power Plant has begun a scheduled $62 million refueling and maintenance outage, reflecting a commitment to safe, secure, and reliable operations until the facility’s permanent retirement in spring of 2022. It is the 26th such outage since the plant opened in 1971.
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.
As non-residential customers prepare budgets for 2019, we want to remind you about an important line item on your electricity bill, the Tax Cuts and Jobs Act Credit. The Tax Cuts and Jobs Act Credit, which began in April 2018, will be substantially reduced in January 2019 on non-residential customer bills as it reaches is expiration period.
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.
Although you may be gearing up to ward off a horde of ghosts and goblins this Halloween, now is a great time to start combating the phantoms already haunting your home.