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Entergy
Type Public (NYSEETR)
Headquarters New Orleans, Louisiana
Industry Energy industry
Services Electricity (and natural gas in New Orleans and Baton Rouge, La)
Revenue US$13.1 Billion (FY 2008)[1]
Operating income US$2.43 Billion (FY 2008)[1]
Net income US$1.24 Billion (FY 2008)[1]
Total assets US$36.6 Billion (FY 2008) [2]
Total equity US$8.28 Billion (FY 2008)[2]
Employees 14,700 (2008)
Website http://entergy.com

Entergy Corporation , (re-named from Middle South Utilities in 1989, merged with Beaumont TX based Gulf States Utilities in 1993) is an integrated energy company engaged primarily in electric power production and retail distribution operations. It has its headquarters in the Central Business District of New Orleans, Louisiana.

A member of the Fortune 500, Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy has annual revenues of more than $13 billion and approximately 14,700 employees.[3] In 2008 Entergy and its charitable foundation awarded more than $15.9 million in grants to almost 3,000 nonprofit organizations, and Entergy employees and retirees logged more than 30,000 volunteer hours that same year. [4]


Entergy's main operating segments:


The company also announced that it plans to obtain a license for a new reactor at its River Bend site, although the company has not decided whether to build it. The company's nuclear division is headquartered in Jackson, Mississippi.

Contents

Operations

Entergy operates over 40 plants using natural gas, nuclear, coal, oil and hydroelectric power with approximately 30,000 megawatts of electric generating capacity to serve its 2.7 million customers in the Gulf South.[5]

Entergy's extensive transmission system carries approximately 23,000 megawatts of power across more than 15,500 miles (24,900 km) of interconnected lines within a 112,000-square-mile (290,000 km2) area.[6]

Entergy is the second cleanest utility generator among the top 10 generators and was the first U.S. utility to voluntarily stabilize greenhouse gas emissions.[7] Entergy is the only U.S. utility to make the Dow Jones Sustainability Index (DJSI) six years in a row. The DJSI is a listing of the companies whose overall environmental, social and economic sustainability performance scores were in the top 10 percent for their sector.[8][9] Entergy was named in 2008 to Forbes list of America's Most Trustworthy Companies, a ranking based on corporate governance practices and accounting transparency.[10]

For more information, see Entergy's Company History [11], EntergyFACTS [12], and Awards and Recognition [13]

Recent Developments

Vermont’s Senate voted Feb. 24, 2010 to prevent the Vermont Public Service Board from issuing the necessary certificate that would allow for the Vermont Yankee plant[14] to have its license renewed for another 20 years. The Legislature has the right, however, to change its mind and reverse that decision at any time. The Vermont vote will not affect current operation of the plant. The issue could be revisited by the Legislature in either a special session later this year or in its next regular session in 2011.

Headquarters

Entergy has its headquarters in the Central Business District of New Orleans, Louisiana. Since 1922 Entergy has been headquartered in New Orleans. After Hurricane Katrina hit New Orleans, Entergy temporarily relocated the 1,500 employees and contractors who worked at the headquarters to other cities, including Clinton, Mississippi, Little Rock, Arkansas, and The Woodlands, Texas. In April 2006 the company announced that it was moving back into its New Orleans headquarters.[15]

References

  1. ^ a b c Entergy (ETR) annual SEC income statement filing via Wikinvest
  2. ^ a b Entergy (ETR) annual SEC balance sheet filing via Wikinvest
  3. ^ 2007 Annual Report[1]
  4. ^ Entergy Corporate and Foundation Giving[2]
  5. ^ Entergy- Operations Information[3]
  6. ^ Entergy- Transmission[4]
  7. ^ 2005 Greenhouse Gas Reduction Commitment[5]
  8. ^ Dow Jones Corporate Sustainability[6]
  9. ^ Entergy's 2007 Sustainability Report[7]
  10. ^ Forbes: Most Trustworthy Large-Cap Companies[8]
  11. ^ Entergy- Company History[9]
  12. ^ Entergy- EntergyFACTS[10]
  13. ^ Entergy- Awards and Recognition[11]
  14. ^ http://www.safecleanreliable.com
  15. ^ "Entergy Corporate Headquarters Return to New Orleans." Entergy. April 20, 2006. Retrieved on January 21, 2010.

See also


External links

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