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Entergy Reports First Quarter Earnings
Company affirms guidance and financial outlooks
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NEW ORLEANS, April 28, 2021 /PRNewswire/ Entergy Corporation (NYSE: ETR) reported first quarter 2021 earnings per share of $1.66 on an as-reported basis and $1.47 on an adjusted basis (non-GAAP). We had a strong first quarter and our team successfully executed on several fronts, said Entergy Chairman and Chief Executive Officer Leo Denault. We reached settlements on several important issues, reducing risk, providing long-term clarity, and solidifying a clear path for our future growth. This enables us to continue to make investments in a cleaner generation fleet and a more reliable delivery system that benefit our customers and our communities, and that support the long-term growth of our business.
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On February 26, 2021, FERC accepted a proposal from Entergy Services, LLC (“Entergy”) to amend a wholesale rate schedule, the Unit Power Sales Agreement (“UPSA”), subject to refund and set the matter for hearing. FERC also instituted an investigation under section 206 of the FPA to allow customers to recover refunds associated with any further rate reduction, consolidated various related Entergy proceedings on accumulated deferred income taxes (“ADIT”), set a hearing procedure and held those procedures in abeyance pending the issuance of further FERC orders.
In October 2020, Entergy submitted proposed changes on behalf of System Energy Resources, Inc. (“SERI”), a wholly-owned subsidiary of Entergy, after the IRS resolved an uncertain tax position by issuing a resolution that allows SERI to include future nuclear decommissioning expenses in its Cost of Goods Sold for the 2015 tax year. The IRS resolutio
LPSC sues Entergy for $360 million in damages fox8live.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox8live.com Daily Mail and Mail on Sunday newspapers.
Officials file $360M complaint against Entergy over nuclear plant s power output
1 month 5 days 22 hours ago
Wednesday, March 03 2021
Mar 3, 2021
March 03, 2021 12:51 PM
March 03, 2021
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Source: WBRZ
Grand Gulf nuclear station (Photo: Entergy)
PORT GIBSON - The Louisiana Public Service Commission, in conjunction with officials in New Orleans and Arkansas, has filed a multi-million-dollar complaint against Entergy over the output of its nuclear plant in Mississippi.
The complaint alleges the Grand Gulf nuclear station in Port Gibson has been mismanaged for years, leading to sub-par power output from the plant from 2016 to 2020. The complaint names System Energy Resources Inc., which operates the plant, and Entergy, SERI s parent company.