Posts Tagged ‘Entergy Corp.’

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 have withdrawn their Texas application to merge transmission systems.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 […] [...]

Entergy’s earnings plummet, utility will cut 800 jobs

NEW ORLEANS — Entergy Corp. said its second-quarter net income dropped 55 percent, weighed down by higher expenses and absent a favorable tax ruling received during the prior-year period. The New Orleans-based utility also said today that it is cutting about 800 jobs, or about 5 percent of its workforce of 15,000. It says that […] [...]

Entergy makes appointments

Entergy Corporation has appointed Jeff S. Forbes, 56, as executive vice president, nuclear operations and chief nuclear officer at Entergy Nuclear. Forbes, currently senior vice president of nuclear operations for Entergy Nuclear, will replace John Herron, who announced his retirement from the company effective March 31. Forbes will report to Mark Savoff, executive vice president […] [...]

MFN elects officers

by Published: August 25,2012

Tags: Entergy Corp., KLLM Transport, Mississippi Food Network

New officers have been selected to lead the board of directors at Mississippi Food Network. Margaret McLarty, senior vice president at Wells Fargo Advisors, will serve as chairman of the board for a one-year term. Other officers include Jean Jacobs, customer account manager with Entergy Corp. in Kosciusko, as vice chairman; Debra McGee, senior vice […] [...]

Entergy expecting 1Q loss

NEW ORLEANS — Utility holding company Entergy Corp. said Thursday that it expects to post a first-quarter loss because of a financial impairment one of its nuclear plants and expenses from its proposed spinoff of its electric transmission business. The company also lowered its profit guidance for 2012 because of the non-cash write-off and warm […] [...]

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