Latest news with #DrewMarsh
Yahoo
3 days ago
- Climate
- Yahoo
Energy summit held in New Orleans to discuss strengthening the grid
NEW ORLEANS (WGNO) — In the face of increasingly severe storms and climate driven disasters, Louisiana energy leaders, regulators and lawmakers met in New Orleans for a summit focused on one mission: making the state's power grid stronger, smarter and more resilient. Louisiana Public Service Commissioner Eric Skrmetta discussed a $2 billion investment aimed at hardening the electrical grid, a joint effort between the state and utility provider Entergy. The initiative seeks not just to withstand major weather events, but also to recover from them quickly. 'Louisiana undertook a pathway to grid resilience and agreed to work with Entergy on a $2 billion investment in grid resilience for not only distribution mechanisms, but also for the transmission grid,' said Skrmetta. 'Recognizing that, the important thing is the ability to bounce back after critical weather events.' City of New Orleans offering an amnesty program for past-due parking, traffic tickets A key part of the grid resilience effort involves replacing aging, vulnerable infrastructure- starting with something as basic, but critical, as power poles. Entergy CEO Drew Marsh emphasized that this isn't just about resilience, it's also about ensuring energy remains affordable and sustainable for customers across Louisiana. 'The customers come first,' Marsh said. 'And so, thinking about what it means for our customers from a reliability standpoint that we're just talking about, but also the sustainability and the cost effectiveness, the affordability elements of it, those are all going to be top of mind.' Marsh noted that Louisiana's abundant energy infrastructure supports low electricity prices, helping the state remain competitive in the global economy. 'We have abundant infrastructure and that… all of that leads to low energy prices and that means that we can compete very effectively in the global economy,' Marsh said. The summit also spotlighted the broader energy strategy needed for long term resilience. Congressman Troy Carter called for a comprehensive approach, including reinforced levees and solar-powered cooling centers in vulnerable neighborhoods. 'We still have work to do,' Carter said. 'But we have come a long way.' With storms growing stronger and more frequent, state leaders say the time to act is now. The vision includes not just restoring power faster but also using smart grid technologies and clean energy solutions to protect communities, create jobs and keep the lights summit held in New Orleans to discuss strengthening the grid Separate crashes in Lafourche, Terrebonne parishes leave cyclists dead Weather Service rehiring at offices left 'critically understaffed' by layoffs Fan reportedly struck by falling concrete at Dodger Stadium EPA, Park Service take big hits in latest Trump budget plan Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
05-05-2025
- Business
- Yahoo
Entergy Is Driving Economic Growth in Gulf South Region, CEO Tells Shareholders at Annual Meeting
NEW ORLEANS, LA / / May 5, 2025 / Entergy experienced a transformational year in 2024 and there's additional growth potential for our company and region in the year ahead, Chair and Chief Executive Officer Drew Marsh told shareholders during Entergy's 76th annual meeting on Friday, May 2. "Fundamentally, we believe all our stakeholders have a bright future ahead, and Entergy is championing a better future through fostering growth within our service area and investment in cleaner, more reliable and more resilient energy," said Marsh. Entergy is focused on initiatives to improve outcomes and deliver value for all our stakeholders, including capturing customer growth, resolving key regulatory priorities, creating opportunities for employees, making the energy grid more resilient, continuing to enhance our restoration response for our communities, furthering progress on renewable energy, and building generation resources to meet customer-driven needs. Marsh highlighted several business achievements in 2024: "We continued to see strong industrial customer growth, fueled by the competitive advantages of our region. Last year, both Entergy Mississippi and Entergy Louisiana signed electric service agreements with hyperscale data center customers. These new customers bring significant value to our stakeholders, including good jobs, infrastructure improvements and tax revenues for our communities." "Driven by customer interest, we continued to make progress in advancing renewable energy and other clean technology solutions. We brought more than 700 megawatts of solar resources online last year." "Our commitment to corporate social responsibility had a positive impact in 2024, resulting in an economic impact of over $153 million for our customers and communities. Our dedicated employees played a pivotal role in our economic impact, contributing more than 122,000 hours of volunteer service valued at more than $4 million across our service area." Serving as a founding partner of the New Orleans Super Bowl LIX Host Committee, Entergy strengthened our stakeholder engagements leading up to the big game. "In partnership with the Host Committee, the New Orleans Saints, the NFL Foundation and other philanthropic organizations, we created the charitable legacy program, Impact 59 Powered by Entergy. Through Impact 59, we awarded more than $3.5 million in impactful grants to local nonprofit organizations. This program is making a positive impact in the Greater New Orleans community and has left a legacy of philanthropy that will endure long after the Super Bowl ends." "Finally, we effectuated a 2-for-1 stock split and again delivered strong adjusted earnings per share growth last year, in the top half of our guidance range. We also grew our quarterly dividend per share by approximately 6% and, importantly, we continued to make positive progress on our credit metrics in 2024, which provides financial flexibility as well as long-term customer benefits through lower cost of capital." Explore Entergy's 2024 Performance Report to learn about our latest progress and the growth opportunities ahead. Other business Additional business conducted during Friday's meeting: Entergy shareholders elected all 10 director nominees to the company's board of directors. Two management proposals related to the appointment of the company's independent public accountants and executive compensation were voted on and approved by shareholders. Marsh responded to several shareholder questions on a range of topics, including the growth potential for data centers and new industrial customers for the Entergy region, our progress on hardening the energy grid for severe weather events, potential tariff impacts on our operations, and how the company is integrating artificial intelligence into its operations. A replay of Entergy's annual shareholders meeting and responses to questions asked during the meeting will be published on our Investor Relations website this week. About Entergy Entergy (NYSE: ETR) produces, transmits and distributes electricity to power life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We're also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy was a founding partner of the Host Committee for Super Bowl LIX played in New Orleans, Louisiana, the home of Entergy's corporate headquarters. A Fortune 500 company, Entergy has approximately 12,000 employees. Learn more at and connect with @Entergy on social media. Cautionary note regarding forward-looking statements In this news release, and from time to time, Entergy Corporation makes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy's 2025 earnings guidance; financial and operational outlooks; industrial load growth outlooks; statements regarding its climate transition and resilience plans, goals, beliefs, or expectations; and other statements of Entergy's plans, beliefs, or expectations included in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy's most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy's other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust values or earnings or in the timing or cost of decommissioning Entergy's nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including (1) strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized, and (2) Entergy's ability to meet the rapidly growing demand for electricity, including from hyperscale data centers and other large customers, and to manage the impacts of such growth on customers and Entergy's business, or the risk that contracted or expected load growth does not materialize or is not sustained; (h) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy's business or operations, and/or other catastrophic events; and (i) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, international trade, or energy policies; (2) changes in commodity markets, capital markets, or economic conditions; and (3) technological change, including the costs, pace of development, and commercialization of new and emerging technologies. Investor inquiries:Liz Hunter504-576-3294ehunte1@ Media inquiries:Neal Kirby504-576-4238nkirby@ View additional multimedia and more ESG storytelling from Entergy Corporation on Contact Info:Spokesperson: Entergy CorporationWebsite: info@ SOURCE: Entergy Corporation View the original press release on ACCESS Newswire
Associated Press
10-04-2025
- Business
- Associated Press
Entergy's 2024 Performance Report Shares Progress Toward a Better Future
NEW ORLEANS, April 9, 2025 /3BL/ - Today, Entergy announced its published 2024 Performance Report, 'Energy for a better future.' This detailed report presents the company's 2024 achievements, future plans and strategies for continued success. Presented along with financial results are the economic, environmental, governance, and social aspects helping drive outcomes for the benefit of all our stakeholders. 'As we move forward from a strong 2024, Entergy is uniquely positioned to power life for our customers and communities, today and for future generations,' said Drew Marsh, Entergy chair and chief executive officer. 'Our investments in customer-driven solutions like strengthening the energy grid and advancing cleaner energy reflect our commitment to adapting to changing needs. We're also addressing unprecedented growth opportunities while maintaining low electric rates by engaging our stakeholders on this transformational journey.' Highlights from 2024 include: Driving growth in our region. Entergy is benefiting from companies expanding or establishing new operations in the Gulf South. That's in part because our service area provides access to international markets with proximity to the Mississippi River and the ports along the Gulf Coast. We have a customer-led plan to invest for continued growth, reliability and resilience while maintaining a strong balance sheet and managing risk for all stakeholders. Through 2028, we plan to invest $37 billion to meet this expected growth. Creating a cleaner energy future. We operate one of the cleanest large-scale power generation fleets in the United States. As we continue to transform our generation portfolio to cleaner resources, we are also responsibly delivering meaningful environmental, social and economic value to the communities we serve, now and in the future. We are continuing to expand our power generation fleet to meet the need of anticipated growth in our service area — including new data centers and other large customers — with cleaner technologies. This strategy supports Entergy's long-term commitment to achieving net-zero emissions by 2050 and helps customers meet their own environmental goals through low-carbon and carbon-free power. Affordability for our customers. Entergy is committed to keeping bills as low as possible for all our customers, especially for people struggling financially. Entergy promotes energy efficiency initiatives that help individual customers save money by reducing their usage. This includes energy audits, incentives, rebates and products to make people's homes or businesses more energy efficient. Our Bill Toolkit, launched in 2024, empowers customers with resources and available assistance options to help them more easily manage their energy bills. Empowering our communities. Giving back to our communities, and empowering them, is at the core of our mission. In 2024, our focus on corporate social responsibility made a meaningful difference in the lives of our customers and communities, resulting in an economic impact of $153.52 million across our service area. Our dedicated employees were vital to this success, contributing more than 122,000 hours of volunteer service, valued at more than $4 million. Delivering on our financial commitments. Our 2024 adjusted earnings per share was $3.65, in the top half of our guidance range. Our predictable financial results are the result of our actions to create value for our customers, employees, communities and owners. We are investing in our power delivery system to improve reliability and resilience, and we are expanding our clean, modern generation to support rapidly growing industrial load and the emission reduction goals of our customers. Explore the report to see our progress and learn how we provide energy for a better future. About Entergy Entergy (NYSE: ETR) produces, transmits and distributes electricity to power life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We're also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at and connect with @Entergy on social media. Forward-looking information Entergy's statements concerning its plans, goals, beliefs and expectations, including statements regarding its financial and operational outlooks, industrial load growth outlooks, capital plans and climate goals or commitments, and other statements of Entergy's plans, beliefs, or expectations included in this news release are 'forward-looking statements' which apply only as of the dates indicated. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among other things, uncertainties associated with regulatory proceedings and other cost recovery mechanisms; operation and relicensing of nuclear facilities; major storms and other catastrophic events; risks associated with executing on our business strategies; effects on Entergy or its customers of changes in federal, state, or local laws, regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; risks and uncertainties associated with executing on business strategies, including, (i) strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized, and (ii) Entergy's ability to meet the rapidly growing demand for electricity, including from hyperscale data center and other large customers, and to manage the impacts of such growth on customers and Entergy's business, or the risk that contracted or expected load growth does not materialize or is not sustained; the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies, uncertainties and other factors discussed in Entergy's most recent Annual Report or Form 10-K and subsequent reports and filings made under the Securities Exchange Act of 1934.
