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Entergy coincidence? Likely not …

October 12th, 2010 Comments off

Does anyone else find it interesting that less than 24 hours ahead of it announcing the U.S. Department of Justice has launched a probe into its business practices, Entergy Corporation pledged $1 million to the city of New Orleans?

New Orleans Councilmember Cynthia Hedge-Morrell, Chair of the New Orleans City Council Utility Committee, announced Monday that Entergy New Orleans, Inc. is pledging $1 million to the City of New Orleans to support community programs. The donation will specifically benefit the New Orleans Recreation Department and the New Orleans Council on Aging.

As part of the $1 million pledge, NORD will receive $650,000 and the Council on Aging will receive $350,000. The contributions will help in efforts to improve facilities, programs and services that enhance the quality of life for youth and elderly in New Orleans.

Wow!

Surely Entergy isn’t trying to deflect attention away from the investigation into the company’s transmission systems and fuel purchasing practices.

I guess we will have to wait and see what comes of the investigation.

Still, the $1 million smells like Facebook founder Mark Zuckerberg pledging $100 million to Newark, NJ school system the Friday before a not-so-flattering-movie about Facebook “Social Network” was released later that day.