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4-Traders Homepage  >  Equities  >  Nyse  >  Entergy Corporation    ETR

ENTERGY CORPORATION (ETR)
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Entergy : Mississippi Commends Mississippi House Committee for Passing SB 2295

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02/22/2018 | 09:37pm CET

CONTACT
Mara Hartmann
601-969-2520
[email protected]

Jackson -02/22/2018

'Fairness language' clarifies Mississippi Public Service Commission is first forum for claims against utilities

JACKSON, Mississippi - Entergy Mississippi, Inc. today praised the members of the Mississippi House Public Utilities Committee for the passage of Senate Bill 2295. The bill, which reauthorizes the Mississippi Public Service Commission, includes 'fairness language' which clarifies that the MPSC is the proper forum to first address state law claims against electric utilities. The bill has already passed the Mississippi Senate 51-1.

'On behalf of our 2,200-plus Mississippi employees, I commend the members of the House Public Utilities Committee for passing the 'fairness language' in SB 2295 and for the bi-partisan support the bill has received thus far in the legislative process,' said Haley Fisackerly, Entergy Mississippi president and CEO.

'We are proud of our reputation for integrity in our business practices, which is proven by decades of clean audits of our operations by the MPSC,' he added. 'After passing such audits, it is only fair that when claims are later made against the same electric utility - like those made by the attorney general against Entergy Mississippi - that those claims first be addressed as part of an open hearing of the MPSC. SB 2295 does not make the MPSC the only place to dispute electric utility issues; it simply makes it the first place. All citizens, including attorneys general, can challenge an MPSC decision in court.'

'Our company has had our operations validated by the MPSC and unfairly maligned by the attorney general at the same time. Sadly, this discrepancy has resulted in a legal dispute that has taken away resources that our company otherwise could have invested in Mississippi and Mississippians, and exposed our customers to the potential of having to pay millions in unnecessary legal costs,' he continued. 'SB 2295 provides a solution to this problem. A court would have to decide if the passage of this bill would impact the attorney general's lawsuit against Entergy Mississippi, but there is no doubt that the bill would provide needed clarity to future disputes between state entities on the regulation of electric utilities.

'Entergy Mississippi believes that what we support is only fair for our customers and for our employees, and we respectfully ask the Mississippi House to pass SB 2295 when it is before them for consideration.'

Entergy Mississippi, Inc. provides electricity to approximately 447,000 customers in 45 counties. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $10.8 billion and nearly 13,000 employees.

-30-

entergy-mississippi.com

twitter.com/EntergyMS

facebook.com/EntergyMS

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Entergy Corporation published this content on 22 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2018 20:36:03 UTC.

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Financials ($)
Sales 2017 11 320 M
EBIT 2017 1 860 M
Net income 2017 1 014 M
Debt 2017 16 111 M
Yield 2017 4,72%
P/E ratio 2017 18,20
P/E ratio 2018 15,19
EV / Sales 2017 2,61x
EV / Sales 2018 2,65x
Capitalization 13 418 M
Chart ENTERGY CORPORATION
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Entergy Corporation Technical Analysis Chart | ETR | US29364G1031 | 4-Traders
Technical analysis trends ENTERGY CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 84,3 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Leo P. Denault Chairman & Chief Executive Officer
Paul D. Hinnenkamp Chief Operating Officer & Executive Vice President
Andrew S. Marsh Chief Financial Officer & Executive Vice President
Maureen Scannell Bateman Independent Director
Donald C. Hintz Independent Director
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