Posts Tagged ‘Entergy Corp.’

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 […] [...]

Entergy hands grid management to MISO

NEW ORLEANS — There’s a new traffic cop directing electricity flows to 2.8 million power customers in Louisiana, Arkansas, Mississippi and Texas. New Orleans-based Entergy Corp. handed over management of its grid late yesterday to the Midcontinent Independent Transmission System Operator. MISO, based in Carmel, Ind., already directed electricity movement in parts of 11 Midwestern […] [...]

Arkansas PSC welcomes new Entergy agreement

LITTLE ROCK, Ark. — The Arkansas Public Service Commission is heralding Entergy Arkansas’ plan to leave the multi-state agreement in which it has operated for decades. The regulatory body yesterday noted that Entergy Arkansas will tomorrow no longer be networked with Entergy utilities in Louisiana, Mississippi and Texas. The PSC says the Entergy system agreement […] [...]

PSC unanimously rejects Entergy-ITC proposed merger

JACKSON — Mississippi utility regulators have unanimously rejected a merger proposal by Entergy Corp. and ITC Holdings Corp., saying the deal could have meant a $300-million rate increase for Mississippi customers over 30 years. “We respect Entergy’s desire to improve its organizational effectiveness, but the commission was not persuaded the transfer of ownership would be […] [...]

Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, […] [...]

Entergy-ITC merger back on after refiling in Texas

NEW ORLEANS — Entergy Corp. and ITC Holdings Corp. have refiled their merger application in Texas, indicating the companies believe they can go forward without restructuring their overall merger agreement. The companies are pushing for Texas to make a decision by Dec. 19, and say they will ask regulators in other states to restart consideration. […] [...]

Still no new filings in Entergy-ITC merger

JACKSON — Almost a month after Entergy Corp. and ITC Holdings Corp. withdrew their merger application in Texas, they haven’t refiled. Since then, Louisiana, Arkansas and Mississippi have delayed consideration of the merger. “We’re wanting to see where Texas goes on this,” said Eric Skrmetta, chairman of the Louisiana Public Service Commission. Observers say the […] [...]

Entergy, ITC retool agreement in the face of opposition

NEW ORLEANS — Faced with likely rejection because of procedural reasons, Entergy Corp. and ITC Holdings Corp. have withdrawn their Texas application to merge transmission systems. The move came at the end of an hours-long hearing Friday in Austin, Texas, before the state’s Public Utility Commission. New Orleans-based Entergy and Michigan-based ITC are trying to […] [...]

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