Posts Tagged ‘Entergy Corp.’

Entergy’s earnings miss Wall Street’s expectations

NEW ORLEANS — Entergy Corp. today reported third-quarter earnings of $230 million. The New Orleans-based company said it had profit of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share. The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings […] [...]

Entergy agrees to cut $35M from its new rate plan

JACKSON — Entergy Corp. has agreed with Mississippi regulators to cut $35 million from the amount it is seeking from customers under a new rate plan, dropping the total to $14 million annually and setting the stage for the Public Service Commission to approve the plan by Dec. 9. Mississippi’s largest private utility also agreed […] [...]

PSC wants to hear from utilities about proposed EPA regulations

JACKSON — The Mississippi Public Service Commission is seeking input from others, including utilities, in its efforts to fight proposed federal rules that would cut carbon dioxide emissions from Mississippi’s power plants. The U.S. Environmental Protection Agency, as part of a nationwide effort, proposed in June that Mississippi’s carbon dioxide emissions from power plants be […] [...]

Entergy wants PSC to approve overhaul of entire rate structure

JACKSON — Entergy Corp. officials tell The Associated Press they will ask Mississippi regulators to overhaul the power provider’s entire rate structure in a proposal that would generated an estimated $49 million increase in annual revenue. The rate overhaul would be the company’s first in 12 years. Entergy Mississippi CEO Haley Fisackerly tells The Associated […] [...]

Entergy bills to rise; PSC approves rate hike

JACKSON — Entergy Corp. customers in Mississippi will pay about 5 percent more over 2014’s second half, as the company recoups higher natural gas fuel costs. The increase was approved unanimously today by the Mississippi Public Service Commission. Electricity bills will go up by $5.58 a month, from July through December, for residential customers using […] [...]

EPA wants deep cut in state’s carbon emissions from power plants

WASHINGTON — The federal government is proposing that Mississippi’s carbon dioxide emissions from power plants be 38 percent lower by year 2030 compared to 2005. The U.S. Environmental Protection Agency announced specific targets for all states today as part of the Obama administration’s effort to reduce carbon dioxide emissions nationwide. Mississippi’s 2012 carbon emission rate […] [...]

Entergy crews working to rebuild tornado-damaged facilities

LITTLE ROCK, Ark. — More than 100 Entergy employees, along with more than 400 contractors, are working seven days a week to rebuild electrical facilities damaged during five distinct tornadoes on April 27, including the first twister of 2014 to earn a high-end rating of EF4, packing winds between 166-200 mph. While power has been […] [...]

Entergy Corp. board declares quarterly dividend

NEW ORLEANS — The board of directors of Entergy Corporation has declared a quarterly dividend of 83 cents per common share. The payment date is March 3, 2014, to stockholders of record on Feb. 13, 2014. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns […] [...]

Entergy lowers expectations due to Vermont plant closing

NEW ORLEANS — Entergy expects its fourth-quarter net income to drop, hurt by the cost of closing its Vermont Yankee Nuclear Power Station. Wall Street expected a steeper profit decline. Entergy plans to shut down the Vermont Yankee plant at the end of 2014. Additionally, in December the company agreed to pay $10 million for […] [...]

Hood wants Entergy case heard in state court

JACKSON — Attorney General Jim Hood is asking a federal court to send the state of Mississippi’s lawsuit against Entergy back to state court. In its recent ruling in Mississippi ex rel. Hood v. AU Optronics Corp., the U.S. Supreme Court unanimously agreed with Hood’s argument that cases brought by attorneys general to enforce their […] [...]

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