News for Entergy
Dec 18 · 1:19:00 PM
Argus downgraded Entergy from Buy to Hold.
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by Rich Pike
Dec 7 · 2:56:00 PM · Source: Reuters
Entergy's 1,157-megawatt nuclear Unit 3 at the Waterford power plant in Louisiana ramped up to full power as of early Monday, the U.S. Nuclear Regulatory Commission said in a report.
The unit, which was shut on Oct. 19 for refueling, was operating at 16% of capacity on Friday.
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by Michael Oliveto
Nov 4 · 4:32:00 PM · Source: The Wall Street Journal
Entergy remains committed to spinning off five of its nuclear power plants into a stand-alone company, but the company's CEO suggested a possible alternative Tuesday if it can't win regulatory approval in New York.
Entergy Chairman and Chief Executive J. Wayne Leonard said the company could spin off its utility businesses into a stand-alone company to accomplish the same goal of separating its regulated utility businesses concentrated in the Southeast from its nuclear plants that sell power at market prices.
"We don't expect to go down that route, but it is a path to get you back to where you were. It just takes us longer and (requires) more regulatory approvals," said Leonard, speaking at the Edison Electric Institute's financial conference in Florida.
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by Michael Oliveto
Nov 4 · 4:28:00 PM · Source: Reuters
Entergy said it has agreed to acquire the 580-megawatt Acadia 2 natural gas-fired unit near Eunice, Louisiana, from independent Acadia Power Partners LLP.
The combined-cycle unit, completed in 2002, becomes one of the most efficient gas-fired units in Entergy Louisiana's fleet and will help lower the utility's fuel costs, Entergy said in a release.
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by Michael Oliveto
Nov 4 · 4:26:00 PM · Source: Reuters
The Board of Directors of Entergy Corporation has declared a quarterly dividend of $0.75 per common share. The payment date is December 1, 2009, to stockholders of record on November 12, 2009.
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by Michael Oliveto
Oct 29 · 11:25:00 AM · Source: Mercury News
Entergy Louisiana's 669,000 customers could face a bill of $208.9 million if state utility regulators agree with the company's plan to scuttle the Little Gypsy power plant conversion in southeastern Louisiana.
Touted only two years ago by the utility and regulators as a major cost-saver for electricity customers, the combination of much-lower natural gas prices and the uncertainty of future carbon legislation led to the project's three-year suspension by the Public Service Commission in April.
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by Michael Oliveto
Oct 27 · 2:03:00 PM
Entergy has been recognized as one of the Top 10 utilities in North America for its work to support economic development for the second straight year.
The recognition came from Site Selection magazine. Site Selection recognizes utilities for their performance in four categories: capital investment, job creation, capital investment per capita, and jobs per 10,000 in population during the course of the 2008 calendar year.
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by Michael Oliveto
Oct 22 · 2:09:00 PM · Source: Press Release
Entergy announced Q3 earnings of $2.32 per share on net income of $455.2 million versus $2.41 per share on net income of $470.3 in the year ago period.
Revenue declined 26 percent to $2.94 billion, down from $3.96 billion in the prior-year period.
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by Michael Oliveto
Oct 21 · 2:36:00 PM · Source: Chron
Entergy expressed disappointment in the city of Conroe, Texas’ decision to join the city of Beaumont, Texas in its lawsuit against the company over what it claims is a “staggering” amount of overbilling.
Entergy issued a statement Tuesday saying, “First, we stand by our position that we strongly disagree with the allegations made in the lawsuit, second, we are deeply disappointed that Conroe chose to take this action without having approached Entergy Texas to discuss the issue.” the statement reads.
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by Michael Oliveto
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