“Fundamentally, we believe all our stakeholders have a bright future ahead, and Entergy is championing a better future through fostering growth within our service area and investment in cleaner, more reliable and more resilient energy,” said Marsh.

Entergy is focused on initiatives to improve outcomes and deliver value for all our stakeholders, including capturing customer growth, resolving key regulatory priorities, creating opportunities for employees, making the energy grid more resilient, continuing to enhance our restoration response for our communities, furthering progress on renewable energy, and building generation resources to meet customer-driven needs.

Marsh highlighted several business achievements in 2024:

• “We continued to see strong industrial customer growth, fueled by the competitive advantages of our region. Last year, both�������Ի�����signed electric service agreements with hyperscale data center customers. These new customers bring significant value to our stakeholders, including good jobs, infrastructure improvements and tax revenues for our communities.”
• “Driven by customer interest, we continued to make progress in advancing renewable energy and other clean technology solutions. We brought��more than 700 megawatts of solar resources��online last year.”
• “O�ܰ���commitment to corporate social responsibility��had a positive impact in 2024, resulting in an economic impact of over $153 million for our customers and communities. Our dedicated employees played a pivotal role in our economic impact, contributing more than 122,000 hours of volunteer service valued at more than $4 million across our service area.”
• Serving as a����of the New Orleans Super Bowl LIX Host Committee, Entergy strengthened our stakeholder engagements leading up to the big game. “In partnership with the Host Committee, the New Orleans Saints, the NFL Foundation and other philanthropic organizations, we created the charitable legacy program,��. Through Impact 59, we awarded more than $3.5 million in impactful grants to local nonprofit organizations. This program is making a positive impact in the Greater New Orleans community and has left a legacy of philanthropy that will endure long after the Super Bowl ends.”
• “Finally, we effectuated a����and again delivered����last year, in the top half of our guidance range. We also����our quarterly dividend per share by approximately 6% and, importantly, we continued to make positive progress on our credit metrics in 2024, which provides financial flexibility as well as long-term customer benefits through lower cost of capital.”

Explore Entergy’s����to learn about our latest progress and the growth opportunities ahead.

Other business

Additional business conducted during today’s meeting:

• Entergy shareholders elected all 10 director nominees to the company’s board of directors.
• Two management proposals related to the appointment of the company’s independent public accountants and executive compensation were voted on and approved by shareholders.
• Marsh responded to several shareholder questions on a range of topics, including the growth potential for data centers and new industrial customers for the Entergy region, our progress on hardening the energy grid for severe weather events, potential tariff impacts on our operations, and how the company is integrating artificial intelligence into its operations.

A replay of Entergy’s annual shareholders meeting and responses to questions asked during the meeting will be published on our����next week.

About Entergy

Entergy (NYSE: ETR) produces, transmits and distributes electricity to power life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We’re also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy was a founding partner of the Host Committee for Super Bowl LIX played in New Orleans, Louisiana, the home of Entergy’s corporate headquarters. A Fortune 500 company, Entergy has approximately 12,000 employees. Learn more at��entergy.com��and connect with��@Entergy��on social media.

Cautionary note regarding forward-looking statements

In this news release, and from time to time, ���ϳԹ��� makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy’s 2025 earnings guidance; financial and operational outlooks; industrial load growth outlooks; statements regarding its climate transition and resilience plans, goals, beliefs, or expectations; and other statements of Entergy’s plans, beliefs, or expectations included in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including (1) strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized, and (2) Entergy’s ability to meet the rapidly growing demand for electricity, including from hyperscale data centers and other large customers, and to manage the impacts of such growth on customers and Entergy’s business, or the risk that contracted or expected load growth does not materialize or is not sustained; (h) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; and (i) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, international trade, or energy policies; (2) changes in commodity markets, capital markets, or economic conditions; and (3) technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

Investor inquiries:
Liz Hunter
504-576-3294
ehunte1@entergy.com

Media inquiries:
Neal Kirby
504-576-4238
nkirby@entergy.com

Meeting materials will be posted Friday, Nov. 8, to Entergy’s Investor Relations website at .

About Entergy

Entergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability, resilience and growth of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and connect with @Entergy on social media. #WePowerLife

When we say, ‘meet customers’ needs,’ we’re not only talking about having generation to meet the load that will come with the growth. We’re also talking about building clean energy, efficiently.

I recently had the pleasure of sitting on a panel at the Amazon Web Services Summit in Washington, D.C., and it was clear that having AWS as a customer will allow us to both explore new grid strengthening technologies and continue leading our industry peers in sustainability goals as this new energy era emerges.����

As the world’s largest corporate purchaser of renewable energy, Amazon places high emphasis on sustainability. Amazon recently met its goal to match all of the electricity consumed across its operations with 100% renewable energy in 2023, and the company remains committed to its Climate Pledge to become net-zero carbon by 2040.Comparatively, Entergy was the first U.S. utility to set a voluntary greenhouse gas emission goal in 2001. We’re also striving to achieve 50% carbon-free energy capacity by 2030 and net-zero carbon emissions by 2050. With these aligned goals, we’re quickly working on clean energy projects to support AWS and prepare for more growth from companies alike.

Why is this important? As I told the room in D.C., new clean energy technologies that have been sitting on the shelf are expected to be practical at the utility scale in the near future. Bringing on a customer like AWS is allowing us to move closer toward improving the energy grid with those innovative technologies for the benefit of all our customers, current and future. Yes, solar energy is clean, carbon-free generation and we’re adding 650 megawatts of it to our portfolio to support AWS.

But combined cycle generation is a clean technology we’re also focused on to support the grid and our customers; it’s efficient and has the capability to convert to hydrogen and enable carbon capture and storage technology. Along with the clean energy provided by Grand Gulf Nuclear Station, we’re looking at a more diverse energy generation portfolio – which will help us reduce future environmental and market risks. Together, our investments in clean energy don’t just help the environment, they help our communities prosper. And, they help keep customers’ bills lower than they otherwise would be in the future.��

Intelligent infrastructure

While we work to unlock those new generation options, we’re tapping into grid enhancing technologies that allow us to deliver power you can count on and be more resilient during increasingly extreme weather events. Artificial intelligence and predictive modeling is helping us identify and make equipment repairs before they’re needed. ��

We’re also using temperature-adjusted ratings in real-time, and collecting data through sensors and devices, to anticipate when ambient temperatures may impact the flow of power. Operators are using that data to reroute power to other existing circuits to minimize impact to our customers.

As we collect more data, AI is going to accelerate our understanding of how we can more efficiently deploy energy and unlock more renewables and opportunities. I boldly believe there will be a day when electric utilities are able to tell customers they will never lose power.

Changing the landscape

As I sat on that panel in D.C. beside AWS’ Vice President of Public Policy for the Americas, Shannon Kellogg, and ACORE’s Senior Vice President of Policy and Engagement, Lesley Hunter, we agreed that data centers are changing the energy landscape.

Is there enough land and electricity? That’s the question driving decisions today about where data center companies will locate facilities or expand operations. With the help of supportive communities and regulators, we’re optimally situated to provide that speed.��Entergy Mississippi is a key economic development partner in recruiting new business to the state. That translates to jobs and investments right here in Mississippi communities.

We were at the table with AWS five years before the announcement of the company’s historic planned $10 billion investment, and our confidence in the strength and durability of our pipeline is high. This will be a record year for the number of requests we’ve received for interconnection studies. That’s important because it’s our first indication that a customer is serious about locating to our service area.

One of the biggest and most stable markets for data center investment is the Gulf Region. We caught a big fish, but it’s only the beginning. The transition to electrification and cleaner energy will not only reduce carbon emissions, but will also lead to onshoring of jobs, increased tax revenue, investment in educational programs, and a better quality of life in the communities we serve.����

“As we look ahead, we see unprecedented growth potential for our company and our region stemming from a number of factors, including strong industrial sales,” said Marsh. “This growth has been driven by industrial manufacturing investments along the Gulf Coast area, which has advantages unmatched anywhere else that are driving investment to our region.”

Regarding Entergy’s customers’ desire to achieve their own carbon reduction goals, Marsh added that the company is “focused on capturing that tremendous growth opportunity for the benefit of all our customers. We’re meeting our customers’ growing reliability and resilience needs, all while balancing bill affordability for our customers. Together, we’re writing a growth story for the Entergy of tomorrow.”

To meet our customers’ expectations, Entergy has built its capital plan across generation, transmission and distribution investments.

Entergy is focused on initiatives to improve outcomes for all stakeholders, including the completion of major rate filings and decisions, operational investments, and continued progress on several key customer solutions like green tariffs, renewable energy and other carbon-free energy projects.

Marsh cited several achievements for the business in 2023:

• “Entergy’s generation fleet had an outstanding year while maintaining a focus on safety. Even with challenges from last summer, we achieved our best forced outage rate since 2011. Not only did we meet our customers’ demands, we also exported power to other utilities during the moments that mattered.”
• “2023 was a strong year for customer growth. We signed 61 new electric service agreements, representing more than 1.3 gigawatts of generation capacity. And, driven by customer interest, we continued to invest in renewable energy and other clean technology solutions. We now have more than 900 megawatts in service and approximately 2,100 megawatts of renewable energy projects are approved or under construction.”
• “Entergy Mississippi will soon provide power to support the in the state of Mississippi’s history. A $10 billion planned investment by Amazon Web Services, or AWS, which received supportive legislation finalized by Mississippi lawmakers earlier this year, will bring new jobs and economic development opportunities to the state.”
• “Our customers are very interested in resilience investment, and our stakeholder engagement focus on resilience in 2023 has led to important milestones in early 2024. Those include approval by the New Orleans City Council to invest in important hardening, battery and microgrid with the support of approximately $55 million of grants through the federal Infrastructure Investment and Jobs Act. In addition, the Louisiana Public Service Commission recently approved $1.9 billion of investment over the next five years to support roughly across the state. These are the first critical steps to improve our network to meet changing customer expectations for reliability and resilience in an information economy and an increasingly hostile weather environment.”
• “We again steady and predictable growth last year, with adjusted earnings per share once again exceeding our original expectations. We also our quarterly dividend per share by approximately 6% and, importantly, we met our credit metric targets.”

Read about our growth opportunities ahead and view additional milestones from last year in our .

Other business

Additional business conducted during today’s shareholder meeting:

• Entergy shareholders elected all 11 nominees to the company’s .
• Two management proposals related to the appointment of the company’s independent public accountants and executive compensation were voted on and approved by shareholders.
• Marsh responded to several shareholder questions on a range of topics, including the company’s progress on grid resilience efforts and artificial intelligence.

A replay of the meeting and responses to questions will be published on Entergy’s next week.

About Entergy

Entergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and connect with @Entergy on social media. #WePowerLife

Cautionary note regarding forward-looking statements

In this news release, and from time to time, ���ϳԹ��� makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy’s current financial and operational outlooks; industrial load growth outlooks; statements regarding its resilience plans, goals, beliefs, or expectations; and other statements of Entergy’s plans, beliefs, or expectations included in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust fund values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized; (h) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; and (i) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (2) the effects of changes in commodity markets, capital markets, or economic conditions; and (3) the effects of technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

During the panel, Marsh emphasized Entergy’s commitment to assisting ALICE customers and communities across our service area of Arkansas, Louisiana, Mississippi and Texas. Marsh shared the panel with Gianetta Jones, senior vice president and chief people officer for Coca-Cola Bottling Company. The panel discussion was moderated by LaMont Bryant, who heads Ethicon and Johnson & Johnson MedTech Research and Development.

Throughout the conversation, Marsh highlighted Entergy’s programs that help ALICE households and communities, including customer bill payment assistance and free tax preparation services, as well as volunteer support from the company’s 12,000 employees. Entergy uses data from ALICE reports in each state to partner with regulators and United Way affiliates in designing shareholder-funded bill assistance programs tailored for ALICE residents living in our service area. In total, these initiatives have provided $15 million in bill payment support to numerous ALICE households in the past two years.

Marsh also cited the Earned Income Tax Credit, or EITC, as a crucial poverty reduction program, emphasizing that Entergy has made it a significant volunteer initiative since 2009.

“Each year, our employee volunteers collaborate with the IRS, United Way affiliates and nonprofits to provide free tax preparation services for our low-income customers living in our service area,” said Marsh. “Since this service began, we have helped 200,000 families access $300 million in EITC refunds. This impactful initiative highlights the importance of supporting and uplifting ALICE households in our communities.”

During the discussion, Marsh stressed the importance of advocating for the ALICE population, who are, at times, overlooked because they are living just above the federal poverty level but, when faced with a life-threatening accident or medical illness, they too must decide between paying for groceries, medicine or electricity.

Marsh emphasized the vital role businesses and corporations play in supporting ALICE households through education and advocacy on public policies at the local, state and federal levels. Supporting ALICE households aligns with our commitment to enhance the lives of our customers, employees and communities. By providing essential resources and assistance to ALICE families, Entergy aims to create a brighter future for everyone. Learn more about how we serve our communities.

Meeting materials will be posted Friday, Nov. 10 to Entergy’s Investor Relations website at entergy.com/investors.

About Entergy

Entergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife

NEW ORLEANS – Entergy continues to see significant business and industrial growth across its region over the next several years, said Chairman and CEO Drew Marsh, during the company’s 74th annual shareholders meeting that was held virtually today.

“We’re seeing significant business and industrial growth across our region over the next several years, which reflects the many competitive advantages of the Gulf region, recent geopolitical dynamics and supportive commodity trends,” said Marsh. “We also see an unprecedented growth opportunity in helping our customers achieve their own emission reduction goals, which begins with us reducing our customers’ indirect emissions and continues through electrification of industrial operations to reduce their direct emissions. This unique growth opportunity is starting to materialize now and will drive Entergy’s growth in the years and decades to come.”

To help foster industrial customers’ continued investment in the Entergy region and ensure prosperity for its customers and communities, the company continues to engage with its regulators and other key stakeholders to accelerate investments in resilience and strengthened infrastructure.

“These investments will reduce future storm restoration costs, help our customers and communities recover faster, and give our customers the confidence to make investments that help our communities thrive,” he said.

Marsh cited several milestones Entergy achieved in 2022:

• “We continued to invest in renewable energy and other clean technology solutions. We issued requests for proposals for 5,500 megawatts of renewable projects, brought three solar facilities online and received approval for four new solar resources totaling 475 megawatts.”

• “We also issued an updated TCFD-aligned climate report and set a new interim climate goal to achieve 50% carbon-free energy capacity by 2030.”

• “Financially, we with adjusted earnings per share in the top half of our guidance range for the seventh consecutive year.”

• “Our efforts to strengthen diversity, inclusion and belonging continued to yield positive results. We concluded 2022, as we did in 2021, with gains in both female and diverse representation toward the goal of reflecting the rich diversity of the communities we have the privilege to serve.”

Focused on the customer, leading on electrification

In 2022, Entergy actively worked to keep energy rates affordable for customers and communities.

Higher than usual temperatures last summer drove record energy usage, and this combined with higher natural gas prices and storm recovery costs produced higher electric bills. To help ease the burden, we worked closely with our regulators on a series of measures including applying shareholder donations to all Entergy operating companies for bill payment assistance programs. Those donations and our ongoing The Power to Care program accounted for $10 million in customer assistance.

We set up flexible payment arrangements and waived late payment fees for eligible residential customers. In addition to these direct financial actions, our employees conducted volunteer energy efficiency and weatherization events in several neighborhoods.

In partnership with nonprofit organizations, we’ve been working on additional ways to help customers who are facing ongoing challenges receive financial assistance from federal and state programs. In 2022, those initiatives translated into 41% more financial assistance received by our customers compared with the previous year.

We will continue making investments to reduce fuels costs through more efficient generation and renewable resources. By expanding our clean energy capacity, we will reduce our customers’ indirect emissions and continue through electrification of industrial operations to reduce their direct emissions.

“I am excited about Entergy’s future. Our employees have proven they are highly motivated to help power the lives of our stakeholders today, tomorrow and for future generations. They have demonstrated they are working for everyone and ready for anything. That is what our communities and customers expect from us, and that is what it takes to be the premier utility,” said Marsh.

“Fundamentally, we believe all our stakeholders have a very bright future ahead, and Entergy is championing a better electric future through lower carbon generation, reliable transmission and expanded customer use,” Marsh concluded.

Other business

Additional business conducted during today’s shareholder meeting:

• Shareholders elected all 12 nominees to the company’s .

• Five management proposals related to the appointment of the company’s independent public accountants and executive compensation, among other items, were voted on and approved by shareholders.

• Marsh responded to several shareholder questions on a range of topics.

A replay of the meeting and responses to questions will be posted on website next week.

Read about Entergy’s growth opportunities ahead and view additional milestones from last year in our .

About Entergy

Entergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife

Cautionary note regarding forward-looking statements

In this news release, and from time to time, ���ϳԹ��� makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy’s current financial and operational outlooks; industrial load growth outlooks; statements regarding its climate transition and resilience plans, goals, beliefs, or expectations; and other statements of Entergy’s plans, beliefs, or expectations included in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust fund values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized; (h) impacts from terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; (i) the direct and indirect impacts of the COVID-19 pandemic on Entergy and its customers; and (j) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (2) the effects of changes in commodity markets, capital markets, or economic conditions; and (3) the effects of technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

About Entergy

Entergy (NYSE: ETR), a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,000 employees are dedicated to powering life today and for future generations. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife

Like many utilities across the country, Entergy Mississippi relies heavily on natural gas. Unfortunately, the cost to buy that natural gas has more than doubled over the last year. Entergy Mississippi has no control over what we are charged for natural gas, and we do not make a profit on those transactions. Our company has already reduced our natural gas power generation by investing in Grand Gulf Nuclear Station and building new solar power plants, and we continue to look for ways to diversify our fuel sources. However, more than half of the electricity Entergy Mississippi generates for its customers still comes from power plants that run on natural gas. And these persistently high natural gas prices will raise customers’ power bills beginning this fall and going into 2023.

Entergy Mississippi not only wants to alert our customers in advance when we see factors beyond our control raising power bills, we also want to give them the tools and resources needed to manage these bills. That is why we are spending nearly $3.2 million in shareholder dollars to launch “Operation: Bill Assist” – the largest bill assistance program for customers in our company’s history. The effort provides between $150 to $1,000 in direct bill payment help from our company to Mississippi families who need help paying their power bills. This includes older adults, those who are disabled and customers who do not qualify for government assistance.

The program also provides a free home energy efficiency tool kit valued at more than $35 to every customer who wants one. The kit includes LED light bulbs, an advanced power strip, a kitchen faucet aerator and other tools that can be easily installed in a home immediately to shave real dollars off customers’ monthly power bills. In addition, customers can go online and find information about free home heating and cooling audits and other online tools users can take advantage of for even more savings. Experts estimate that customers employing all the kit-included and online tools available can save as much as $300 a year on their power bill.

We will keep our customers informed at as we begin releasing more details in the coming weeks about how customers can apply for this bill help or request a home energy efficiency kit. If you do not inquire yourself, I hope you will consider sharing the information with family, friends or neighbors who might be struggling and need help.

Our company is proud that our rates over the years have remained below the U.S. average. However, many of our more than 2,700 utility and nuclear employees in Mississippi are Entergy customers, too, and understand how price increases can impact hard-working Mississippi families. For that reason, please know that Entergy Mississippi is committed to stepping up and doing everything we can to help our customers when they need it most.

Entergy board of directors elects Chief Financial Officer Andrew Marsh as next CEO

NEW ORLEANS – ���ϳԹ��� announced today that Leo P. Denault, chairman and chief executive officer, will retire in 2023 following 23 years of service to the company and a 40-year career in the energy industry. As part of an orderly and planned leadership succession process, the Entergy board of directors elected Andrew “Drew” Marsh, executive vice president and chief financial officer, to succeed Denault as CEO, effective Nov. 1. Denault will continue to lead the board as executive chairman until his retirement. He will work closely with Marsh and the senior leadership team to support a smooth and organized transition that builds on the company’s momentum in areas of customer solutions, renewable energy generation, infrastructure resilience and operational excellence.

“Leo Denault has shaped Entergy’s purpose, culture and transformation with a relentless focus on creating long-term, sustainable value for customers, employees, communities and owners,” said Stuart Levenick, Entergy’s lead independent director. “Leo has built and led an experienced team that has consistently executed an orderly business strategy with solid underlying fundamentals, including a robust customer base, a strong financial position, a constructive regulatory environment, strong community partnerships, a talented, diverse workforce, and a world-class storm restoration organization. He has strengthened the business and positioned Entergy well for the future. While Leo will continue to serve Entergy for several more months, the entire board expresses its deep gratitude for his years of dedication, service and values-driven leadership. We are confident that Drew will carry the torch and continue serving all of Entergy’s stakeholders well by creating sustainable value today and for future generations.”

“When I think about Entergy’s forward momentum and some of the milestones we’ve recently achieved, like the creation of our first-ever chief customer officer and the successful completion of our planned, multi-year strategy to exit the merchant power generation business, I realized this would be a logical time and a natural transition point for me in my career,” said Leo Denault, Entergy chairman of the board and CEO. “Throughout my time at Entergy, I have endeavored to put our customers, the communities we serve and the company on a path that delivers long-term, sustainable value for all without leaving anyone behind. I’m immensely pleased and humbled by the many accomplishments our 12,000 strong team has achieved together.”

Denault concluded, “Having worked closely alongside Drew for many years building Entergy’s vision for the future, I have seen firsthand his strategic leadership, in-depth knowledge of all aspects of the business, and astute financial acumen. The future for Entergy is bright and there are significant opportunities ahead. I know Drew is the right person to successfully lead the company forward on the path we’ve built together.”

Leo Denault, 62, was appointed chairman and CEO in 2013. Soon after, he guided the company through its 100-year milestone and later launched the company’s forward-thinking vision, We Power Life. Denault led Entergy’s transformation into a pure-play electric utility and set the company on the path to become the premier utility – one focused on delivering a cleaner, brighter and more sustainable future for everyone. As CEO of one of the cleanest large-scale U.S. utilities, Denault and his team have executed a strategic capital plan to modernize its power generation portfolio to ever cleaner and more resilient energy sources while maintaining some of the lowest electricity rates in the nation. Under Denault’s leadership, Entergy has grown its service footprint to 3 million customers and has been recognized as a driving force behind the industrial expansion and job creation across the company’s four states.

Prior to being named chairman and CEO, Denault served as executive vice president and chief financial officer beginning in 2004. He played a critical role in 2005 ensuring Entergy – the only Fortune 500 company with headquarters in New Orleans – returned to the city following Hurricane Katrina, the largest natural disaster in U.S. history at the time. He also helped restore confidence to the financial markets and helped rebuild the company’s New Orleans utility, Entergy New Orleans, which was forced to file for bankruptcy after suffering a nearly total loss of its customers following the storm. Under his leadership as CFO, Entergy delivered the highest earnings per share and highest operating cash flow in company history in 2011 and 2010, respectively.

Among his numerous recognitions, Denault was honored as a Global ���ϳԹ��� Awards finalist for the S&P Platts Global 2021 Chief Executive of the Year and by the Climate Leadership Conference with a 2021 Individual Leadership Award for accelerating Entergy’s carbon reduction strategy to net-zero emissions by 2050 and advancing climate resilience initiatives throughout communities in the Entergy region. As CFO, he was named to Institutional Investor magazine’s “2010 All-American Executive Team” and was ranked as the best CFO in the power industry in 2010 and 2009. Denault has also been recognized as a corporate champion for low-income customers and serves on the board of directors for Jobs for America’s Graduates, a school-to-career program dedicated to removing barriers to graduation and/or employment for young people.

Andrew “Drew” Marsh, 50, joined Entergy in 1998 and served in a series of financial planning and strategy roles, including vice president, planning and financial communications, where he oversaw a large organization responsible for executing commercial operations for the Entergy utility operating companies. He was named executive vice president and chief financial officer in 2013. As CFO, Marsh has maintained Entergy’s firm financial standing, ensuring the company is well-positioned to achieve its strategic business objectives. In addition to his role at Entergy, he is a member of the Nuclear Electric Insurance Limited board of directors, KIPP New Orleans Schools board of directors, and Posse New Orleans advisory board. He has a bachelor’s degree in mechanical engineering from the University of Notre Dame and a master’s degree in management from Kellogg Graduate School of Management at Northwestern University.

“I am both grateful and honored by the confidence the board has placed in me, and I’m honored to follow in my colleague and friend Leo Denault’s footsteps,” said Drew Marsh. “I will uphold Entergy’s values and the strategy that he has instilled in our leadership team. I look forward to advancing our We Power Life vision as we continue our journey of becoming the premier utility for everyone.”

Kimberly Fontan, 49, who has served as senior vice president and chief accounting officer since 2019, will succeed Marsh as executive vice president and chief financial officer. Prior to her current role, she served as vice president, system planning; vice president, regulatory services; and vice president, regulatory affairs. Fontan joined Entergy in 1996 as a staff accountant. She has held various roles of increasing scope and responsibility, including jurisdictional finance director for Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C., and controller, utility operations, in addition to the roles previously noted. In addition to her role at Entergy, she serves on the board of the New Orleans Center for Creative Arts.

Fontan has a bachelor’s degree in business administration with an emphasis in accounting from The University of Southern Mississippi and an MBA from Loyola University New Orleans. She is a certified public accountant and a member of both the American Institute of Certified Public Accountants and the Mississippi Society of Certified Public Accountants.

Members of Entergy’s senior leadership team will be:

With decades of combined leadership experience, Entergy’s senior leadership team has the breadth and depth to lead the company forward. These leadership appointments will be effective Nov. 1.

About Entergy

Entergy (NYSE: ETR), a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,000 employees are dedicated to powering life today and for future generations. Learn more at entergy.com and follow @Entergy on social media. #WePowerLife