Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. It is headquartered in the Central Business District of New Orleans, Louisiana.

Entergy Corporation (Entergy) is an integrated energy company engaged primarily in electric power production and retail electric distribution operations. It owns and operates power plants with approximately 30,000 megawatt of aggregate electric generating capacity. The Company is also a nuclear power generator in the United States. The Company operates in two business segments: Utility and Non-Utility Nuclear. In addition to its two primary, reportable, operating segments, Entergy also operates the non-nuclear wholesale assets business. The non-nuclear wholesale assets business sells to wholesale customers the electric power produced by power plants that it owns while it focuses on improving performance and exploring sales or restructuring opportunities for its power plants. The Company’s subsidiaries include Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C., Entergy Louisiana, LLC, Entergy Mississippi, Inc., Entergy New Orleans, Inc., Entergy Texas, Inc., and System Energy Resources, Inc. As of December 31, 2009, Entergy delivered electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.
Utility
The Utility segment generates, transmits, distributes, and sells electric power in a four-state service territory. It includes portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operates a small natural gas distribution business.
Non-Utility Nuclear
The Non-Utility Nuclear segment owns and operates six nuclear power plants located in the northern United States and sells the electric power produced by those plants primarily to wholesale customers. The business also provides services to other nuclear power plant owners.

At the annual meeting on May 19, 1989, shareholders approved changing MSU's name to Entergy Corporation. Heading into the 1990s, the company had largely regained financial stability. In 1991 its New Orleans Public Service subsidiary reached an agreement with the New Orleans City Council that let the utility recover a portion of its investment in the Grand Gulf nuclear plant. Late in 1991 Entergy increased its common stock dividend.
One of the biggest changes in the nuclear power industry came with federal deregulation that began in the early 1990s. Public entities sold their nuclear plants for very low bids. Most private companies did not want such risky ventures, but Entergy decided to expand its nuclear power operations. In 1999 it purchased the Pilgrim Nuclear Power Station in Plymouth, Massachusetts. The following year it acquired two more facilities: the Indian Point 3 plant in Westchester County, New York, and the James A. Fitzpatrick plant in Oswego County, New York. In 2001 it expected to close its purchase from Con Edison of Indian Point 1 and 2 plants.
Thus Entergy played a key role in the resurgence of the nuclear power industry. Entergy and Exelon, the industry leader, spent almost $4 billion to buy 15 nuclear plants. The private owners of such plants by the late 1990s had "reversed years of mismanagement and cost overruns to turn the plants into the reliable, profitable atomic engines they were meant to be," said Time's Daniel Eisenberg. Of course, the storage of radioactive waste remained a challenge for the nation's 103 operating nuclear plants that produced about 20 percent of the country's electricity.
Meanwhile, Entergy owned, managed, or invested in many fossil-fuel and hydroelectric generating plants that in 2001 generated over 30,000 megawatts of electricity in the United States and other nations. Only five of its generating units used hydroelectric power. Seven units used coal. According to its web site, Entergy had 58 units that used oil, natural gas, or a combination of the two energy sources.
Entergy Corporation's operating revenues went from $7.16 billion in 1996 to $9.53 billion in 1997, $11.49 billion in 1998, and $8.77 billion in 1999. Its consolidated net income in 1996 was $490.6 million. That went to $300.9 million in 1997, $785.6 million in 1998, and then $595 million in 1999.
The firm's 2000 annual report described a good year for Entergy. It had four quarters of record earnings, and its stock price at the end of the year was at a record level. Entergy ranked first among surveyed American utilities for its one-year progress in customer satisfaction, according to a study published in April 2000. Other 2000 highlights included forming a joint venture called Entergy-Koch, L.P. with Koch Industries, a major energy trading and marketing firm, and cooperating with The Shaw Group to create EntergyShaw, L.L.C., a power plant construction firm. Entergy in 2000 also acquired TLG Services, a nuclear decommissioning company, and signed a contract with Framatome Technologies to help nuclear plants renew their licenses.
In 2001 Entergy and other power companies continued to deal with divisive issues such as global warming and climate change. Since some blamed carbon dioxide emissions from fossil fuel plants for the so-called greenhouse effect, Entergy and some other energy companies committed themselves to the reduction of such emissions.
Another power controversy in 2001 was electrical transmission. Entergy proposed a privately funded expansion of the grid system that was disputed by municipal power agencies and other critics. Such public policy disputes kept Entergy's leaders busy as they dealt with state regulatory bodies and the Federal Energy Regulatory Commission (FERC).
The good news for the power industry was the growing population's increased demand for electrical energy. That helped fuel Entergy's rising stock prices. Its shares increased 63 percent over one year to about $41 per share at the end of April 2001. If Entergy continued to meet the needs of the American people during what some called an energy crisis, its future looked promising.
Principal Subsidiaries: Entergy Arkansas, Inc.; Entergy Gulf States, Inc.; Entergy Louisiana, Inc.; Entergy Mississippi, Inc.; Entergy New Orleans, Inc.; Entergy Operations, Inc.; System Energy Resources, Inc.; Entergy Nuclear Generation Company; Entergy Nuclear Operations, Inc.; Entergy Thermal.
Principal Competitors: AEP Industries, Inc.; Reliant Energy; Southern Company.


OVERALL
Beta: 0.63
Market Cap (Mil.): $12,389.27
Shares Outstanding (Mil.): 178.78
Annual Dividend: 3.32
Yield (%): 4.79
FINANCIALS
ETR.N Industry Sector
P/E (TTM): 10.02 22.42 21.65
EPS (TTM): 10.78 -- --
ROI: 3.66 0.97 1.26
ROE: 14.78 2.22 2.82


Statistics:
Public Company
Incorporated: 1949 as Middle South Utilities
Employees: 14,100
Sales: $10.01 billion (2000)
Stock Exchanges: New York Midwest Pacific
Ticker Symbol:ETR
NAIC:221122 Electric Power Distribution; 22121 Natural Gas Distribution; 221112 Fossil Fuel Electric Power Generation; 221113 Nuclear Electric Power Generation; 551112 Offices of Other Holding Companies

Key Dates:
1949: Middle South Utilities (MSU) is incorporated.
1961: MSU begins a power exchanging contract with the Tennessee Valley Authority (TVA).
1967: MSU begins a cooperative agreement with Southern Company; construction begins on Russellville, Arkansas nuclear plant.
1969: Subsidiary System Fuels, Inc. is founded.
1974: Construction begins on two Grand Gulf, Mississippi nuclear plants.
1975: MSU begins a joint project to build the Garyville, Louisiana refinery.
1981: MSU's Arkansas-Missouri Power is merged into Arkansas Power & Light.
1988: Company consolidates management of its four nuclear plants.
1989: Middle South Utilities is renamed Entergy Corporation.
1996: CitiPower is acquired in January.
1997: London Electricity is acquired in February.
1998: Company sells London Electricity and CitiPower.
1999: Pilgrim Nuclear Station is purchased.
2000: Entergy acquires TLG Services and Indian Point 3 nuclear plant and signs agreements with The Shaw Group, Koch Industries, and Framatome Technologies.
2001: Merger fails between Entergy and FPL Group Inc.

Name Age Since Current Position
Leonard, J. Wayne 60 2006 Chairman of the Board, Chief Executive Officer
Denault, Leo 51 2004 Chief Financial Officer, Executive Vice President
Smith, Richard 59 2010 President - Entergy Wholesale Commodity Business
Taylor, Gary 57 2007 Group President - Utility Operations
Herron, John 57 2009 President, Chief Nuclear Officer, Chief Executive Officer - Nuclear Operations
Savoff, Mark 54 2010 Chief Operating Officer, Executive Vice President
West, Roderick 42 2010 Executive Vice President, Chief Administrative Officer
Sloan, Robert 63 2004 Executive Vice President, General Counsel, Secretary
Conley, E. Renae 53 2011 Executive Vice President - Human Resources and Administration
Bunting, Theodore 52 2007 Senior Vice President, Chief Accounting Officer
Seamons, Terry 69 2011 Senior Vice President - Organizational Development
Hintz, Donald 67 2004 Independent Director
Blount, W. Frank 72 1987 Independent Director
Nichols, James 71 1986 Independent Director
Percy, William 71 2000 Independent Director
Bateman, Maureen 67 2000 Independent Director
Herman, Alexis 63 2003 Independent Director
Wilkinson, Steven 69 2003 Independent Director
Edwards, Gary 69 2005 Independent Director
Levenick, Stuart 57 2005 Independent Director
Tauzin, W. 67 2005 Independent Director
Myers, Stewart 70 2009 Independent Director
Lincoln, Blanche 50 2011 Independent Director


Address:
639 Loyola Avenue
New Orleans, Louisiana 70113
U.S.A.
 
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