“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

“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.

NEW ORLEANS – Today, Entergy announced its , titled “���ϳԹ��� for a better future.” This detailed report integrates a comprehensive overview of the company’s 2023 achievements, including financial results with economic, environmental, governance, and social performance and impacts. Entergy’s strategic approach, outlined in the report, is designed to drive growth, enhance sustainability and build a more resilient system for the benefit of all our stakeholders.

“As we build upon a successful 2023, Entergy is well-positioned to amplify our impact and power life in the years ahead,” said Drew Marsh, Entergy’s chair and chief executive officer. “Our proactive investments in customer-centric solutions, including system resilience, clean energy and renewables, demonstrate our dedication to meeting evolving customer and community needs. We are nurturing a workforce that not only supports our growth and investments but also mirrors the vibrant diversity of the communities we serve, paving the way for a sustainable energy transition and a brighter future.”

Highlights from 2023 include:

• A customer-centric focus. We’re committed to creating sustainable value for our customers, employees, communities and owners. Over the next three years, we plan to invest nearly $19.8 billion in the energy delivery system for the benefit of our customers. Affordability for our customers remains a priority, and we’re actively pursuing ways to manage bill growth through programs like the federal Low Income Home ���ϳԹ��� Assistance Program and other solutions.

• Creating a cleaner energy future. We continue to make progress on our commitment to net-zero greenhouse gas emissions by 2050. We achieved 23% toward our 2030 goal of 50% carbon-free capacity and our utility carbon dioxide emission rate is 38% lower than in 2000, inclusive of purchased power. And approximately 1,900 megawatts of renewable energy projects��are approved and in development.

• Fostering a diverse and talented workforce. We strive to foster an inclusive workforce culture that values a diversity of ideas, backgrounds, perspectives and skills. We’re working to increase the diversity of our workforce and management through long-term effective strategies to attract, develop and retain females and racially/ethnically underrepresented employees while maintaining our commitment to hiring the most qualified candidates.

• Empowering our communities. Our commitment to corporate social responsibility resulted in an economic impact of nearly $140 million for our customers and communities. Through strategic community partnerships, we implemented a range of initiatives aimed at addressing poverty, promoting education and workforce development, providing financial assistance to vulnerable customers, improving our communities and caring for the environment. Our dedicated employees played a pivotal role in our economic impact, contributing more than 120,000 hours of volunteer service valued at $3.8 million across our service areas.

• Expanding our region’s economic impact. Entergy helped attract or expand 63 economic development projects to our utility service area representing a capital investment in local communities of more than $17.7 billion and 3,316 new jobs in our region.
  

• Delivering on our financial commitments. Financially, we again delivered steady, predictable that benefited our stakeholders. We grew our quarterly dividend per share by approximately 6% and we finished in the top half of our guidance range. This was the eighth year in a row that our financial results have come in above our guidance midpoint.

to see our progress and learn how we provide energy for a better future.

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

Forward-looking information

Entergy’s statements concerning its environmental plans, goals, beliefs and expectations, including statements regarding its capital plans and climate transition goals or commitments, and other statements of Entergy’s plans, beliefs, or expectations included in this news release are “forward-looking statements” which apply only as of the dates indicated. 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, among other things, uncertainties associated with regulatory proceedings and other cost recovery mechanisms; operation and relicensing of nuclear facilities; major storms and other catastrophic events; risks associated with executing on our business strategies; effects of changes in laws, regulations or policies; risks and uncertainties associated with executing on business strategies; the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies, uncertainties and other factors discussed in Entergy’s most recent Annual Report or Form 10-K and subsequent reports and filings made under the Securities Exchange Act of 1934.

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.

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

“We are excited about the opportunity ahead for this new organization to build on our construction project successes and become a world-class developer of renewable energy and other clean energy solutions for our customers,” said Leo Denault, chairman and CEO of ���ϳԹ���. “Pete will work closely with our new customer organization, which will be led by David Ellis, to ensure we deliver a full range of solutions that help our customers achieve their goals.”

In this new leadership role, Norgeot, who will continue to serve as a member of the Office of the Chief Executive, will report to Paul Hinnenkamp, executive vice president and chief operations officer. The new organization will be composed of system planning and operations, led by Jason Reynolds; enterprise planning, led by Elizabeth Adams; and a new power development group to be led by Jonathan Long, which will be responsible for building internal capabilities to establish a robust pipeline of renewable energy projects that will help Entergy achieve its sustainability objectives.

Gary Dickens, currently vice president, project construction, will succeed Long as vice president of capital projects.

Current teams within Norgeot’s former transformation organization including commercial operations, technology and nuclear decommissioning, will now report within the finance organization, led by Drew Marsh, executive vice president and chief financial officer.

Building on the recent of the appointment of Ellis as Entergy’s first chief customer officer, the company also announced the realignment of multiple internal teams to Ellis’ new integrated customer organization.

KeyString Labs, the company’s that leads efforts to understand customer frictions and bring to market new products and services that meet their needs, will move from the former transformation organization to the new integrated customer organization. Some of KSL’s near-term focus areas include:

• Electric Mobility (e.g., electric vehicles chargers, EV fleets, electric transportation enablement).
• Low-Carbon Generation (e.g., extending low-carbon energy generation opportunities to make it possible for our customers, businesses and communities to create energy in a cleaner way, together).
• Beneficial Electrification (e.g., adding electric options for our customers to simultaneously reach sustainability goals and reduce their operations costs).

Additionally, teams leading efforts to create extraordinary customer experiences in their current daily interactions with the business, which include the customer experience team and utility sales and development services, will move within the new customer organization.

All organizational realignment moves are effective May 16.

Working with our regulators and stakeholders, Entergy is transforming its power generation portfolio in a responsible way that balances reliability, affordability and environmental stewardship. Learn about Entergy’s commitment to growing its renewable energy portfolio at entergy.com/renewable-energy.

About ���ϳԹ���

���ϳԹ��� is an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 7,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and more than 13,000 employees. Learn more at entergy.com and follow on social media.

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​In June, a posse came to Entergy headquarters. They weren’t summoned by the sheriff like in the Wild West. They weren’t part of an entourage, either.

This posse was part of��,��the local chapter of a national program that provides college preparation, access and support for low-income minority students. A posse is made up of a small, diverse group of talented students who are considered the leaders of tomorrow.

Students from Posse New Orleans were invited to Entergy to get a sense of the work environment and opportunities we offer. During their visit, they got an overview of how Entergy does business from Executive Vice President and Chief��Financial Officer Drew Marsh. This overview was enhanced by presentations from a variety of departments, office tours and a panel discussion with current employees.

Entergy has worked with Posse New Orleans for a number of years. Since 2011, the company has helped��secure more than $26 million��in full-tuition, four-year scholarships for students to Tulane University, Notre Dame University, Bard College and Grinnell University.

NEW ORLEANS –�����ϳԹ��� (NYSE:��ETR) today announced that��J. Wayne Leonard, 61, the company’s chairman and chief executive officer, has informed the board of directors of his decision to retire on��Jan. 31, 2013.��Leo Denault, 52, currently executive vice president and chief financial officer, has been elected to succeed Leonard as chairman and CEO at that time. Leonard is the longest serving CEO in company history beginning with his election in��October 1998.��Andrew Marsh, 40, currently vice president, system planning, will succeed Denault as executive vice president and CFO.

Also retiring in January is Entergy Wholesale Commodities President��Richard Smith, 60, who joined Entergy in 1999.��William Mohl, 52, currently chairman, president and CEO of Entergy Louisiana and Entergy Gulf States Louisiana, will succeed Smith and relocate to the Northeast.

Said Leonard, “We have worked hard to build value for all stakeholders and adapt to a changing marketplace. I am proud of our track record overall and confident that our team is focused on the right things to ensure that we meet and ultimately exceed the expectations of our shareholders, customers and all stakeholders. The board’s constant focus on developing the next generation of leadership is, of course, key to achieving Entergy’s broader goals. I believe we have the most bench strength in our industry and an extraordinarily strong senior management team that has been tested time and time again. They are more than ready to lead this company into the future. Over the next several months, we will all be focused on a seamless transition as we increase the momentum on our value-creation initiatives.”

Leonard continued, “Having worked closely alongside Leo for almost 25 years, since his early days at PSI ���ϳԹ��� and then through the merger that formed Cinergy, I know he is absolutely the right person to lead the team. I have seen firsthand his strategic vision and leadership, financial acumen and in-depth knowledge of the business, and he has more than proven himself in challenging environments.

“And, in��Drew Marsh, who will become CFO, we have a leader who is extremely well-versed in all aspects of our business, including corporate finance and strategic and system planning. He is not only extremely intelligent but also well-respected throughout the company, serving as the “go-to guy” on tough assignments with proven practical knowledge to add value. He has been groomed for this role for a long time, and has the skills and experiences that will support and complement those of the leadership team.”

Leonard concluded, “I would be remiss without expressing special recognition for my longtime friend and colleague��Rick Smith, who joined me at Entergy from Cinergy, and who has also announced his plans to retire at the end of January. We are all grateful for his enormous leadership and dedication over 13 years. Always focused on results, Rick has led with integrity and passion and he will be missed by many – both inside and outside the company.

“At the same time, Rick and I are both pleased that��Bill Mohl��has agreed to step into Rick’s current role. Bill will be moving to the Northeast, and neither Rick nor I can think of a leader more perfectly suited to dealing with the challenges and opportunities ahead. He knows the generation business very well and will expertly apply that knowledge to our EWC business.”

In previous capacities, Smith served as Entergy’s group president of utility operations from 2002 to 2007 and chief operating officer from 2007 to 2010 before assuming his current position as president of Entergy Wholesale Commodities business in 2010.

Said��Gary Edwards, presiding director, “While Wayne will continue to serve as chairman and CEO for several months, the entire board expresses its strong, unanimous and deep gratitude to him for his years of dedication and service. Wayne has had an outstanding career, working tirelessly on behalf of so many and winning the respect of all, and we salute him for his numerous accomplishments. His bold vision, his willingness to take a stand and speak out on issues important to the company, its stakeholders and our industry, and his unbridled focus on principles-based leadership and ‘doing the right thing,’ are unmistakable hallmarks of his tenure with Entergy.”

Leonard became CEO and joined the board effective��Jan. 1, 1999��and assumed the additional role of chairman in 2006. Leonard’s many recognitions include a record 11 straight years as a finalist for CEO of the Year in the annual��Platts��Global ���ϳԹ��� Awards competition and being ranked as one of the top CEOs in the power industry for seven consecutive years by��Institutional Investor��magazine. Leonard was named top CEO in 2004 and 2010 and a member of the magazine’s “2010 All-America Executive Team.” In addition, he has been recognized with various awards from low income and environmental advocacy groups including the National Wildlife Federation Achievement Award for commitment to��Gulf Coast��restoration and addressing climate change and the first ever Community Action Partnership’s Corporate Champion Award for low income efforts.

Edwards continued, “The board has every confidence that Leo’s experience, deep knowledge of the business and proven leadership capabilities make him the ideal person to build on the solid foundation he inherits from Wayne to lead the company into the future. He has been the visionary leader behind a number of important strategic initiatives for the company and is superbly prepared for his new role. We look forward to working closely with him for years to come.”

Background Information

Leo Denault

Denault joined Entergy in 1999 as vice president, corporate development. In 2002, he assumed responsibility for the areas of strategic planning, the office of the chief risk officer, and strategic pricing and transmission services. He became executive vice president and chief financial officer in��February 2004. During his tenure of financial leadership as CFO, the company delivered the highest operational earnings per share and highest operating cash flow in company history in 2011 and 2010, respectively, and he was named to��Institutional Investor��magazine’s “2010 All-America Executive Team” and was ranked as the best CFO in the power industry in 2010 and 2009. Denault has a bachelor’s degree in economics and accounting from��Ball State University��in��Muncie, Indiana, and a master’s degree in business administration from��Indiana University.

“I am honored to be elected to this position, grateful to the board for the confidence it has placed in me, and humbled to follow in��Wayne’s footsteps,” said Denault. “He has been an outstanding mentor to me and the whole team. Our team is strong, our future is bright, and I look forward to working with the board and our talented executive team to build on our strong foundation, continue to align with and support the interests of our customers, employees and communities and deliver long-term, sustainable growth for our shareholders.”

Andrew Marsh

Andrew (Drew) Marsh��joined Entergy in 1998 and held multiple corporate planning roles before being transferred to Entergy-Koch, LP as vice president, strategic planning where he coordinated multiple acquisition processes for pipeline and generating assets. With Entergy’s decision to exit the partnership, Marsh was a key member of the transaction team for the sales of both Entergy-Koch Trading and Gulf South Pipeline, the two principal businesses of the partnership. Returning to Entergy, Marsh served in a series of financial planning and strategy roles, including vice president, planning and financial communications, where he reported to the CFO and was responsible for strategic planning, financial planning, the investment approval process, financial communications and commercial analytics. In his current role as vice president, system planning, he oversees a large organization with responsibility for executing commercial operations for the Entergy utility operating companies. In this role, he led the negotiation and/or identification of approximately��$3.8 billion��for acquisitions, new construction investment and long-term power purchase agreements through the process for request for proposals for utility supply-side resources and also directed the execution of other commercial transactions estimated at approximately��$7.8 billion��(all board-approved transactions and in nominal dollars). Marsh holds a master’s degree in management from Kellogg Graduate School of Management at��Northwestern University��and a bachelor of science degree, mechanical engineering, from the��University of Notre Dame��where he played for the��Fighting Irish��football team.

William Mohl

William (Bill) Mohl��began his career at Public Service Company of��Colorado, now an affiliate of Xcel ���ϳԹ���, before moving to Koch Industries where he held a number of leadership roles in various gas and power businesses. He joined Entergy in 2002 and was responsible for the procurement of all fuel and generation resources and in 2007 became vice president, system planning. He became chairman, president and CEO of Entergy Louisiana and Entergy Gulf States Louisiana in��June 2010, with responsibilities for the��Louisiana��utilities’ electric and gas distribution systems, customer service, economic development, regulatory and governmental affairs. He has a bachelor’s degree in business administration and finance and a master’s degree in business administration from��Regis University��in��Denver. In his new role, Mohl will relocate to��New York State��and will be headquartered in the company’s��White Plains, N.Y.��office.

Marsh’s and Mohl’s successors will be named at a later date.

Other Continuing Members of the Office of the Chief Executive are:

• Rod West, executive vice president and chief administrative officer, with responsibility for the office of general counsel, human resources and administration, federal regulatory and governmental affairs, public policy and corporate communications organizations.
• Theo Bunting, group president, utility operations, with responsibility for the utility businesses in��Arkansas,��Louisiana,��Mississippi,��New Orleans�����Ի���Texas.
• Mark Savoff, executive vice president and chief operating officer, with responsibility for nuclear operations, the business operations of fossil generation, transmission operations, system safety and environment, supply chain, system planning, and performance management.

West, Bunting and Savoff will report directly to Denault when he assumes the chairman and CEO role, as will Marsh and Mohl.

• Marcus Brown, senior vice president and general counsel, responsible for all legal, ethics and compliance matters affecting ���ϳԹ��� and its subsidiaries. Brown reports to West.
• Renae Conley, executive vice president, human resources and administration and the company’s chief diversity and inclusion officer. Conley reports to West.
• John Herron, president and CEO of nuclear operations and chief nuclear officer reporting to Savoff.

���ϳԹ��� 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 more than 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in��Arkansas,��Louisiana,��Mississippi�����Ի���Texas. Entergy has annual revenues of more than��$11 billion��and approximately 15,000 employees.

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Additional information can be accessed online at

www.entergy.com.