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Tag Archives: Entergy Corp.

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 the job cuts are part ...

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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 and COO, Entergy Corporation. Forbes ...

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MFN elects officers

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 president and director of minority ...

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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 winter weather. Entergy said Thursday ...

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Honorable Mention: The Justice Department Looks Into Entergy Practices

Fuel purchasing gets attention of the feds In October Entergy Corp. disclosed to state regulators that the U.S. Department of Justice is investigating its transmissions system and electricity-purchasing practices. In addition to Entergy Mississippi, the investigation involves Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Texas and Entergy New Orleans, as well as Entergy Services Inc. The DOJ is ...

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FERC: Entergy overcharged customers

BATON ROUGE, La. — A federal regulatory judge has ruled that electric utility Entergy Corp. overcharged customers in four states by selling higher priced power to its own subsidiaries. Mississippi Attorney General Jim Hood on Monday announced last week’s ruling by an administrative law judge for the Federal Energy Regulatory Commission. The ruling can be appealed and no dollar amount ...

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Fitch withdraws Entergy ratings

JACKSON — Fitch Ratings has affirmed and simultaneously withdrawn its ratings for Entergy Corp. and its subsidiaries. Fitch assigned Entergy Corp. an issuer default rating (IDR) of “BBB-.” For Entergy Mississippi Inc., Fitch assigned an IDR of “BBB-,” a :BBB+” rating on its first mortgage bonds and “BBB-” to its preferred stock. Other Entergy subsidiaries rated include: Entergy New Orleans ...

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