ENTERGY CORP

Entergy Corporation (NYSE: ETR) operates as a major integrated utility company serving millions of customers across the South and Southwest United States. The company's website is www.entergy.com. Entergy generates, transmits, distributes, and sells electric power primarily through its Utility segment, which represents the company's core business and substantially all of its operating revenues. The Utility segment operates across portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans, serving a diverse customer base comprising residential, commercial, industrial, and governmental entities.

The company operates through six primary utility subsidiaries: Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy Resources. System Energy Resources owns a significant interest in Grand Gulf Nuclear Station and other generation assets. The Utility segment also includes a small natural gas distribution business, though Entergy divested its Louisiana and New Orleans natural gas operations in July 2025. Entergy maintains a substantial generation portfolio including nuclear, coal, natural gas, and renewable energy facilities, with total retail electric sales exceeding 128 gigawatt-hours annually.

The company's business model centers on regulated utility operations with rate recovery mechanisms designed to ensure cost recovery and appropriate returns on invested capital. Entergy operates within regional transmission organizations, primarily the Midcontinent Independent System Operator, which influences market dynamics and operational planning. The company serves as a critical infrastructure provider, managing complex transmission and distribution networks while investing substantially in system modernization, resilience, and capacity expansion to support growing demand, particularly from large-scale data center development in its service territories.

Entergy maintains a Parent & Other segment encompassing non-utility business activities, including interests in non-nuclear power plants and decommissioning services for nuclear facilities owned by non-affiliated entities. The company's strategic focus emphasizes reliable service delivery, infrastructure investment, and transitioning toward carbon-free energy generation while managing the operational and financial complexities inherent in regulated utility operations across multiple jurisdictions with varying regulatory frameworks and rate structures.