Entergy Corporation

Entergy Corporation (NYSE: ETR) is a Fortune 500 integrated energy company headquartered in New Orleans, Louisiana, providing electric power to approximately 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas. According to its website at entergy.com, the company operates one of the nation's largest nuclear generating fleets through its Entergy Wholesale Commodities business while also providing regulated electric utility service to residential, commercial, and industrial customers across the Gulf Coast and mid-South regions through its four state utility subsidiaries: Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy Texas. Entergy's diversified generation portfolio includes nuclear, natural gas, coal, and a growing portfolio of renewable energy resources — primarily solar and wind — that reflects the company's commitment to decarbonizing its generation fleet while maintaining the reliability and affordability required to serve its customers' energy needs.

Entergy's strategic priorities, described at entergy.com, include major investments in renewable energy development — particularly solar generation across its large, sun-rich service territories in the Gulf Coast states — grid modernization, transmission expansion, and customer resilience programs designed to improve the reliability and storm-hardening of its electric distribution systems in a region exposed to significant hurricane and severe weather risk. The company has set net-zero carbon emission goals and is executing a multi-year plan to retire aging fossil fuel generation and replace it with clean energy resources, funded through its regulated capital investment programs that generate returns on invested capital through the rate-making processes of the four state utility commissions that regulate Entergy's utility subsidiaries.

Entergy's large regulated electric utility operations provide the stable, predictable earnings foundation of the business, with capital investment programs funded through customer rates and supported by the financial strength of the company's investment-grade credit profile. According to investor.entergy.com, Entergy has pursued a simplification strategy over the past several years that has included the exit from unregulated wholesale power generation to focus exclusively on its regulated utility businesses, improving earnings quality and reducing business risk while enabling more concentrated capital allocation to the regulated utility investment programs that drive rate base growth and earnings per share improvement. Entergy's combination of large Gulf Coast utility franchise, significant clean energy investment program, nuclear generation expertise, and ongoing utility simplification strategy establishes it as a distinctive participant in the regulated electric utility sector with meaningful exposure to the clean energy transition in the Southeast United States.