Indian Point Unit 1 was shut down in 1974. Indian Point Unit 2 was shut down in April 2020.

Entergy and Holtec the Indian Point sale in April 2019. The U.S. Nuclear Regulatory Commission the transfer of Indian Point’s licenses to Holtec in November 2020 and the New York State Public Service Commission approved the transfer on May 19, 2021. The agencies found that Holtec possesses the required technical and financial qualifications to own and decommission Indian Point safely and in accordance with regulatory requirements.

“We thank all our employees at Indian Point for operating a safe, secure and reliable plant for more than 20 years under Entergy’s ownership, and we look forward to many of them continuing on with Entergy at new locations,” said Entergy chairman and CEO Leo Denault. “With our previously announced agreement for the post-shutdown sale of Palisades nuclear power plant in 2022, we remain on track to complete our exit from nuclear power operations in merchant markets.”

“Protecting public health and safety and the environment is the foundation upon which the Indian Point decommissioning program will be carried out,” said Holtec’s president and CEO Dr. Kris Singh. “The cutting-edge technologies that we have employed at Pilgrim and Oyster Creek to ensure maximum worker and environmental safety��and wellbeing of the local communities will be employed at Indian Point to secure the same excellent outcomes that we continue to achieve at��other plants in our fleet. We are committed to a continuous engagement with the stakeholders at the local and state levels to ensure a smooth dissemination of information at all times.”

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 @Entergy on social media.

Entergy owns and operates five nuclear power units in its regulated utility business, and is committed to the continued operation of its nuclear fleet in those locations. Its nuclear power plants in those markets are located in Louisiana, Arkansas and Mississippi, and have more than 5,000 megawatts of clean, reliable, and economic electricity generating capacity for customers in those regions.

Entergy currently owns one remaining merchant nuclear power plant, Palisades Power Plant, in Michigan, which is scheduled to permanently shut down in the spring 2022. Entergy previously plans to sell Palisades to Holtec International for decommissioning following its shutdown.

About Holtec International

Holtec International is a privately held technology company with operation centers in Florida, New Jersey, Ohio, and Pennsylvania in the U.S., and globally in Brazil, Canada, India, Japan, Mexico, South Africa, Spain, U.K., and Ukraine. Since the 1980s, Holtec has played a preeminent role in the industry by expanding the wet spent fuel storage capacity at over 110 reactor units worldwide. Over 130 global nuclear units rely on Holtec’s technology for spent fuel storage and transportation. Holtec develops and implements innovative solutions to overcome technical challenges faced by its clients around the world. HI-STORE, the world’s first below-ground Consolidated Interim Storage Facility, is currently undergoing licensing for deployment in New Mexico. Holtec’s SMR-160, a 160-Megawatt small modular reactor, will provide safe, secure, dependable, affordable, and carbon-free power even in the world’s most arid regions. Holtec is also dedicated to the safe and efficient decommissioning of shuttered nuclear plants. Holtec’s approach to decommissioning is to begin and complete the physical work of decontamination and dismantlement decades sooner than if the current nuclear plant owner retains ownership of the plant. As a major supplier of special-purpose pressure vessels and critical-service heat exchange equipment, Holtec provides air-cooled condensers, steam generators, feedwater heaters, and water-cooled condensers. As a fully integrated supplier, Holtec possesses in-house capabilities to design, engineer, analyze, license, fabricate and construct these technologies.

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, Entergy’s plans and expectations with respect to its planned exit from the merchant nuclear power business, 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 anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with 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) effects of 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; (i) the effects of changes in commodity markets, capital markets, or economic conditions; (j) impacts from a terrorist attack, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; (k) the direct and indirect impacts of the COVID-19 pandemic on Entergy and its customers; and (l) the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies.

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Announced in 2017, the shutdown of both operating units at Indian Point is pursuant to a settlement agreement with the State of New York and was the result of a number of factors, including sustained low current and projected wholesale energy prices that reduced revenues. Indian Point Unit 2 shut down as scheduled on April 30, 2020.

“Indian Point has been operated and maintained at the highest levels of reliability, safety and security for many years, and Unit 3 has been online continuously since April 9, 2019 – setting a new world record for continuous days of operation,” said Chris Bakken, Entergy’s Chief Nuclear Officer. “Indian Point’s enduring legacy will be the thousands of men and women who operated the plant safely, reliably, and securely, while helping to power New York City and the lower Hudson Valley for nearly 60 years. We owe those who serve now, along with those who came before them, a debt of gratitude.”

Plant Breaks World Record for Continuous Days of Operation��

The shutdown completes a remarkable recent operating history for the 1,041-megawatt Unit 3, which currently has generated electricity continuously for 751 days since it was last refueled in April 2019. The mark is a world record for commercial light water nuclear power reactors. The previous record for continuous days online was 739 and set in 2006 by Exelon’s LaSalle Unit 1 station. There currently are more than 300 light water reactors operating in more than 20 countries.

Operational History

Entergy purchased Indian Point Unit 3 in 2000 and Indian Point Unit 2, along with the permanently shut down Unit 1, in 2001. Following Entergy’s purchase from two separate owners, station personnel were aligned under one owner and reliability was enhanced. Gross combined generation at Unit 2 and Unit 3 prior to Entergy’s purchase of the two units averaged around 10 million megawatt hours each year; in the 20 years following Entergy’s purchase, gross generation averaged around 17 million megawatt hours each year. Indian Point was a workhorse for the southeastern New York electrical grid, generating approximately 25% of the power consumed annually in New York City and the lower Hudson Valley.

Unit 1 operated from 1962 to 1974. Unit 2 operated from 1974 to 2020. Unit 3 operated from 1976 to 2021.

Entergy Employees at Indian Point ���ϳԹ��� Center

Following Entergy’s shutdown in January 2017, Entergy made several commitments to its employees at Indian Point, including:

• No reduction in headcount at Indian Point ���ϳԹ��� Center during the “gap year,” that is, the year between Unit 2’s shutdown () and Unit 3’s shutdown, and no headcount reduction until after Unit 3 was permanently shut down and defueled.
• Any employee who was willing to relocate would be provided a job for which they were qualified.
• As part of the company sale agreement with Holtec International, the new owner of the plant post-shutdown will hire more than 300 current Entergy employees for Phase 1 of decommissioning. Holtec agreed to honor existing collective bargaining agreement contracts with union employees at Indian Point.

Approximately 170 employees at Indian Point plan to relocate or have already relocated to continue working with Entergy.

Decommissioning Indian Point

In April 2019, Entergy the proposed post-shutdown sale of the subsidiaries that own Unit 1, Unit 2, and Unit 3 to a Holtec International subsidiary for prompt decommissioning. Holtec and its team plan to initiate decommissioning at Indian Point promptly following regulatory approval and transaction close, and it expects to release portions of the site for re-use by the mid-2030s, nearly 40 years sooner than if Entergy continued to own the facility.

In November 2019, Entergy and Holtec with the New York Public Service Commission concerning the proposed transfer of Indian Point and a license transfer application with the U.S. Nuclear Regulatory Commission. The NRC the license transfer in November 2020.

On April 14, 2021, subsidiaries of Entergy and Holtec, several New York State agencies, local governments and others, with the PSC, which reflects a comprehensive settlement of the issues raised in the proceeding concerning the proposed post-shutdown transfer of Indian Point to subsidiaries of Holtec for decommissioning. The parties to the Joint Proposal recommend that the PSC adopt the proposal and approve the post-shutdown transfer of Indian Point from Entergy to Holtec. Entergy and Holtec have requested a decision on the Joint Proposal by the PSC in May.

About ���ϳԹ���

���ϳԹ��� (NYSE: ETR) 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 8,000 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 @Entergy on social media.

Entergy owns and operates five nuclear power units in its regulated utility business, and is committed to the continued operation of its nuclear fleet in those locations. Its nuclear power plants in those markets are located in Louisiana, Arkansas and Mississippi, and have more than 5,000 megawatts of clean, reliable, and economic electricity generating capacity for customers in those regions.

Entergy also owns Palisades Power Plant, a nuclear power generating facility in Michigan, which is scheduled to permanently shut down in the spring 2022. Entergy previously announced plans to sell Palisades to Holtec International for decommissioning following its shutdown.

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Announced in 2017, the shutdown of both operating units at Indian Point is pursuant to a settlement agreement with the State of New York and was the result of a number of factors, including sustained low current and projected wholesale energy prices that reduced revenues. Indian Point Unit 2 shut down as scheduled on April 30, 2020.

“Indian Point has been operated and maintained at the highest levels of reliability, safety and security for many years, and Unit 3 has been online continuously since April 9, 2019 – setting a new world record for continuous days of operation,” said Chris Bakken, Entergy’s Chief Nuclear Officer. “Indian Point’s enduring legacy will be the thousands of men and women who operated the plant safely, reliably, and securely, while helping to power New York City and the lower Hudson Valley for nearly 60 years. We owe those who serve now, along with those who came before them, a debt of gratitude.”

Plant Breaks World Record for Continuous Days of Operation 

The shutdown completes a remarkable recent operating history for the 1,041-megawatt Unit 3, which currently has generated electricity continuously for 751 days since it was last refueled in April 2019. The mark is a world record for commercial light water nuclear power reactors. The previous record for continuous days online was 739 and set in 2006 by Exelon’s LaSalle Unit 1 station. There currently are more than 300 light water reactors operating in more than 20 countries.

Operational History

Entergy purchased Indian Point Unit 3 in 2000 and Indian Point Unit 2, along with the permanently shut down Unit 1, in 2001. Following Entergy’s purchase from two separate owners, station personnel were aligned under one owner and reliability was enhanced. Gross combined generation at Unit 2 and Unit 3 prior to Entergy’s purchase of the two units averaged around 10 million megawatt hours each year; in the 20 years following Entergy’s purchase, gross generation averaged around 17 million megawatt hours each year. Indian Point was a workhorse for the southeastern New York electrical grid, generating approximately 25% of the power consumed annually in New York City and the lower Hudson Valley.

Unit 1 operated from 1962 to 1974. Unit 2 operated from 1974 to 2020. Unit 3 operated from 1976 to 2021.

Entergy Employees at Indian Point ���ϳԹ��� Center

Following Entergy’s shutdown in January 2017, Entergy made several commitments to its employees at Indian Point, including:

• No reduction in headcount at Indian Point ���ϳԹ��� Center during the “gap year,” that is, the year between Unit 2’s shutdown () and Unit 3’s shutdown, and no headcount reduction until after Unit 3 was permanently shut down and defueled.
• Any employee who was willing to relocate would be provided a job for which they were qualified.
• As part of the company sale agreement with Holtec International, the new owner of the plant post-shutdown will hire more than 300 current Entergy employees for Phase 1 of decommissioning. Holtec agreed to honor existing collective bargaining agreement contracts with union employees at Indian Point.

Approximately 170 employees at Indian Point plan to relocate or have already relocated to continue working with Entergy.

Decommissioning Indian Point

In April 2019, Entergy the proposed post-shutdown sale of the subsidiaries that own Unit 1, Unit 2, and Unit 3 to a Holtec International subsidiary for prompt decommissioning. Holtec and its team plan to initiate decommissioning at Indian Point promptly following regulatory approval and transaction close, and it expects to release portions of the site for re-use by the mid-2030s, nearly 40 years sooner than if Entergy continued to own the facility.

In November 2019, Entergy and Holtec with the New York Public Service Commission concerning the proposed transfer of Indian Point and a license transfer application with the U.S. Nuclear Regulatory Commission. The NRC the license transfer in November 2020.

On April 14, 2021, subsidiaries of Entergy and Holtec, several New York State agencies, local governments and others, with the PSC, which reflects a comprehensive settlement of the issues raised in the proceeding concerning the proposed post-shutdown transfer of Indian Point to subsidiaries of Holtec for decommissioning. The parties to the Joint Proposal recommend that the PSC adopt the proposal and approve the post-shutdown transfer of Indian Point from Entergy to Holtec. Entergy and Holtec have requested a decision on the Joint Proposal by the PSC in May.

About ���ϳԹ���

���ϳԹ��� (NYSE: ETR) 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 8,000 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 @Entergy on social media.

Entergy owns and operates five nuclear power units in its regulated utility business, and is committed to the continued operation of its nuclear fleet in those locations. Its nuclear power plants in those markets are located in Louisiana, Arkansas and Mississippi, and have more than 5,000 megawatts of clean, reliable, and economic electricity generating capacity for customers in those regions.

Entergy also owns Palisades Power Plant, a nuclear power generating facility in Michigan, which is scheduled to permanently shut down in the spring 2022. Entergy previously announced plans to sell Palisades to Holtec International for decommissioning following its shutdown.

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BUCHANAN, N.Y. – Subsidiaries of ���ϳԹ��� and Holtec International, along with the New York State Department of Public Service Staff, the New York State Office of the Attorney General, the New York State Department of Environmental Conservation, the New York State ���ϳԹ��� Research and Development Authority, the New York State Division of Homeland Security and Emergency Services, Westchester County, Hendrick Hudson School District, Town of Cortlandt, Village of Buchanan, Riverkeeper, Inc., and the Public Utility Law Project of New York, Inc, today filed a Joint Proposal with the New York Public Service Commission, which reflects a comprehensive settlement of the issues raised in the proceeding concerning the proposed post-shutdown transfer of Indian Point to subsidiaries of Holtec for decommissioning. The parties to the Joint Proposal recommend that the PSC adopt the proposal and approve the post-shutdown transfer of Indian Point from Entergy to Holtec.

Entergy and Holtec have requested a decision on the Joint Proposal in May.

Entergy and Holtec previously filed a petition with the New York PSC concerning the proposed transfer of Indian Point and a license transfer application with the U.S. Nuclear Regulatory Commission in November 2019. The NRC approved the license transfer in November 2020.

Among other issues, the Joint Proposal resolves issues of financial assurance, site restoration, financial reporting, continued funding for state and local emergency management and response activities, a memorandum of understanding with local taxing jurisdictions concerning property taxes, and the dismissal of the D.C. Circuit litigation relating to Indian Point transfers by the State and local entities who are parties to the litigation and signed the Joint Proposal.

“The difficult but necessary decision we made four years ago to shut down the safely and securely operated Indian Point ���ϳԹ��� Center was hardest on our dedicated and professional employees,” said Leo Denault, Entergy’s Chairman and Chief Executive Officer. “I want to thank the team at Indian Point for their service and for finishing strong.”

“We are pleased to have reached a comprehensive and equitable agreement relative to the prompt decommissioning of Indian Point with the many stakeholders who were involved in the process,” added Denault.

“We are pleased to have reached a comprehensive and equitable agreement relative to the prompt decommissioning of Indian Point with the many stakeholders who were involved in the process.”
– Leo Denault, chairman and CEO, ���ϳԹ���

The sale of Indian Point following its permanent shutdown will benefit the community by enabling the facility to be removed and the site remediated decades sooner than otherwise thought possible.

Indian Point Unit 2 shut down on April 30, 2020. Indian Point Unit 3 will shut down by April 30, 2021.

“Holtec is pleased to have found common ground and reached consensus with the State of New York, and the interested parties, on a Joint Petition that supports the prompt, safe, and efficient decommissioning of Indian Point,” said Holtec’s President and Chief Executive Officer, Dr. Kris Singh. “Our commitment to be a good neighbor and shared goal of protecting the health and safety of the public and the environment, were key to reaching agreement on a number of issues. This joint proposal provides for additional financial assurance, oversight as well as environmental protections that serve to mitigate risk and protect the interests of the local communities and citizens of New York.”

Holtec, with experience performing prompt decommissioning at other sites, plans to begin the decommissioning process at Indian Point promptly upon taking ownership and expects to release most of the site for re-use by the 2030s, as much as 40 years sooner than if Entergy continued to own the facility. As part of the agreement between the companies, Holtec will initially provide job opportunities for over 300 of Entergy’s current employees at Indian Point and it also has agreed to honor the collective bargaining agreements that apply to current employees.

Background Information

���ϳԹ��� (NYSE: ETR) 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 8,000 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 @Entergy on social media.

Holtec International is a privately held technology company with operation centers in Florida, New Jersey, Ohio, and Pennsylvania in the U.S., and globally in Brazil, Canada, India, Japan, Mexico, South Africa, Spain, U.K., and Ukraine. Since the 1980s, Holtec has played a preeminent role in the industry by expanding the wet spent fuel storage capacity at over 110 reactor units worldwide. Over 130 global nuclear units rely on Holtec’s technology for spent fuel storage and transportation. Holtec develops and implements innovative solutions to overcome technical challenges faced by its clients around the world. HI-STORE, the world’s first below-ground Consolidated Interim Storage Facility, is currently undergoing licensing for deployment in New Mexico. Holtec’s SMR-160, a 160-Megawatt small modular reactor, will provide safe, secure, dependable, affordable, and carbon-free power even in the world’s most arid regions. Holtec is also dedicated to the safe and efficient decommissioning of shuttered nuclear plants. Holtec’s approach to decommissioning is to begin and complete the physical work of decontamination and dismantlement decades sooner than if the current nuclear plant owner retains ownership of the plant. As a major supplier of special-purpose pressure vessels and critical-service heat exchange equipment, Holtec provides air-cooled condensers, steam generators, feedwater heaters, and water-cooled condensers. As a fully integrated supplier, Holtec possesses in-house capabilities to design, engineer, analyze, license, fabricate and construct these technologies.

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BUCHANAN, New York – The U.S. Nuclear Regulatory Commission today approved the application to transfer the licenses for Indian Point ���ϳԹ��� Center’s nuclear power plants Unit 1, Unit 2 and Unit 3, from ���ϳԹ��� (NYSE: ETR) subsidiaries to a Holtec International subsidiary for prompt decommissioning. The transfer of Indian Point to Holtec, currently targeted for May 2021, would occur following the satisfaction of all closing conditions, including the permanent shutdown and reactor defueling of Unit 3, which is the last operating power plant at Indian Point. Unit 3 will shut down by April 30, 2021.

Entergy and Holtec jointly filed a License Transfer Application with the NRC in November 2019, requesting approval for the transfer of Indian Point, along with its Nuclear Decommissioning Trusts (NDTs) and decommissioning liability, from current owner Entergy to Holtec.

“The NRC’s approval of the Indian Point license transfer is a critical milestone as we move closer to completing the transaction,” said Leo Denault, Entergy’s Chairman and Chief Executive Officer. “The sale of Indian Point following its permanent shutdown will benefit the community by enabling the facility to be removed and the site remediated decades sooner than otherwise thought possible. Stakeholders in the community will benefit from a dismantling and decommissioning process that can begin promptly following shutdown next year.”

In its decision, the NRC determined that Holtec possesses the required technical and financial qualifications to decommission Indian Point safely and in accordance with NRC requirements. Previously, the NRC approved two separate transfers of retired nuclear power plants to Holtec for prompt decommissioning; Holtec currently owns and is decommissioning the shutdown Oyster Creek nuclear power plant in New Jersey and the shutdown Pilgrim nuclear power plant in Massachusetts. Additionally, the NRC previously approved the license transfer of Vermont Yankee to NorthStar Group Services in support of Entergy’s effort to divest of its merchant nuclear fleet to focus on its regulated and transformation strategies.

Holtec plans to begin the decommissioning process promptly upon taking ownership, and as part of the agreement between the companies, will initially provide job opportunities for approximately 300 of Entergy’s current employees at Indian Point. Holtec also has agreed to honor the collective bargaining agreements that apply to current employees.

Separate from the NRC approval, Entergy and Holtec previously filed a petition with the New York Public Service Commission requesting a ruling disclaiming PSC jurisdiction or abstaining from review of the proposed transaction, or, in the alternative, an order approving the proposed transaction. That petition remains pending before the PSC.��

Holtec’s plan for decommissioning will result in the release for re-use of the vast majority of the site in the 2030s, with the exception of the Independent Spent Fuel Storage Installation and its security perimeter – the area where spent nuclear fuel is safely stored in dry casks until the U.S. Department of ���ϳԹ��� transfers the spent fuel offsite. As part of its plan, Holtec expects to move all of the Indian Point spent nuclear fuel into dry casks within about three years following facility shutdown in 2021.��Holtec has a pending application with the NRC for a Consolidated Interim Storage Facility in New Mexico, which could eventually store spent nuclear fuel from Indian Point and other U.S. nuclear power plants.

About Entergy

���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 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees.

entergy.com

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BUCHANAN, N.Y. — Control room operators at Entergy Corp.’s (NYSE: ETR) Indian Point Unit 2 will shut down the reactor Thursday as scheduled for the final time, after more than 45 years of producing clean, safe and reliable power for New York. The other operating unit at the site, Unit 3, is scheduled to permanently shut down by April 30, 2021.

“Over the last 45 years, thousands of dedicated professionals have operated Unit 2 at Indian Point – safely, securely and reliably,” said Chris Bakken, Entergy’s Chief Nuclear Officer. “We owe each of them our thanks for a job well done and for their commitment to the highest standards of professionalism.”

Announced in 2017, the shutdown of both operating units at Indian Point is pursuant to a settlement agreement with the State of New York and was the result of a number of factors, including sustained low current and projected wholesale energy prices that reduced revenues.

As part of its commitment to employees at Indian Point, the company has previously announced a plan to find a position within Entergy for those qualified employees who are willing to relocate. Currently, more than 40 employees from Indian Point have accepted offers to continue with Entergy in other locations.

Unit 2 began commercial operations on Aug. 1, 1974 and was purchased by Entergy in 2001.

In April 2019, Entergy announced the proposed post-shutdown sale of the subsidiaries that own Unit 1, Unit 2 and Unit 3 to a Holtec International subsidiary. Holtec and its team plan to initiate decommissioning at Indian Point promptly following regulatory approvals and transaction close in 2021, and it expects to release portions of the site for re-use nearly 40 years sooner than if Entergy continued to own the facility.

Holtec, through its affiliate Comprehensive Decommissioning International, will hire Entergy’s employees at Indian Point who have been selected for “Phase 1” of decommissioning.

Entergy owns and operates five nuclear power units in its regulated utility business, and is committed to the continued operation of its nuclear fleet in those locations.��Its nuclear power plants in those markets are located in Louisiana, Arkansas and Mississippi, and have more than 5,000 megawatts of clean, reliable, and economic electricity generating capacity for customers in those regions.

About ���ϳԹ���

���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 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees.

-30-

Accreditation is an acceptable means to meet federal regulations for nuclear plant training programs and is the result of actions taken after the Three Mile Island accident in 1979. In the early- to mid-80s, the Institute of Nuclear Power Operations established an accreditation program for the nuclear industry and required its members to seek accreditation for their operator training programs and for their maintenance and technical programs.

In March 1985, the Nuclear Regulatory Commission endorsed the INPO-managed accreditation program.��After a two-year trial period, the NRC concluded, based on evaluations of the accreditation process, that INPO was effective in improving training programs through the accreditation process.

Entergy Nuclear General Manager of Training Gregg Ludlam explains that accreditation is a philosophy and a foundational element in our industry’s operational success.

“The fact that our plants are operated safely is directly linked to the quality of training our operators, technicians and engineers receive. Going through these evaluations ensures training is core business, and since accreditation exceeds federal requirements, it drives training excellence,” Ludlam said. ” Those stations achieving accreditation renewal in 2019 were unanimous in voting by the independent accrediting board. That says a lot for our programs.”

Federal law, known as the Training Rule (10 CFR 50.120 as well as 10 CFR 55 for operator programs), requires the use of the systematic approach to training, known as SAT, for key training programs at nuclear power plants.

SAT is a five-step process comprised of analysis of jobs and tasks, design of a training program based on that analysis, development of the training program once the design is complete, implementation of the training program to job candidates and incumbents, and finally, evaluation of the training program to ensure it is meeting its intent.��The five-step process is known by the acronym ADDIE – analysis, design, development, implementation and evaluation.��

“So, one can see the importance of this. It’s not nonsense. Accreditation ensures we are meeting or exceeding federal requirements for nuclear power plant training programs,” Ludlam added.

There are 12 accredited training programs as defined by INPO, split between operator training and maintenance, technical training.��For Operations, the six accredited training programs are non-licensed operator, reactor operator, senior reactor operator, shift manager, shift technical advisor and continuing training for licensed personnel.��For maintenance, technical training, the six accredited training programs are instrumentation and control technician, electrical maintenance personnel, mechanical maintenance personnel, radiation protection technician, chemistry technician and engineering personnel.��

In 2020, ANO’s maintenance, technical training will be reviewed, and Waterford 3 Electric Station operator training program will be evaluated.

What does all this mean for Entergy Nuclear employees? Ludlam said that accreditation is an investment in our teams.

“The robust nature of our programs provides employees with the skills, knowledge and proficiency to operate and maintain our plants with excellence. They know the programs are theirs, and they are partners with training personnel to ensure they meet staff needs,” Ludlam said.

Stony Brook, NY and New Orleans, LA, December 5, 2019 – An extraordinary scientific collection of archived fish, as well as fish and water quality data taken from the Hudson River over more than five decades, has��been gifted by the integrated energy company,�����ϳԹ�����(Entergy), to the Stony Brook University (Stony Brook) School of Marine and Atmospheric Sciences ().

What is now known as the Hudson River Collection (the Collection) began��in the 1960’s as “one of the most ambitious environmental research and assessment programs ever performed” on an iconic River that was a focal point for the nascent U.S. environmental movement. As it grew, the Collection became unique, variously referred to as “probably the best dataset on the planet,” “unequalled globally in its duration and its spatiotemporal frequency” and “extraordinarily important, because it provides a retrospective and unbroken view of the ecological health of the estuary over time.”

The Collection includes Indian Point-sponsored, digitized survey data for the full complement of fish species (approximately 170) available to the sampling gear in the approximately 150-mile Hudson River Estuary (from the Battery to the Troy Dam), and the associated water quality and Indian Point-specific biological information. The Collection also includes the associated archived fish specimens, consisting mostly of preserved early life stages of Estuarine fish, numbering approximately 50 million individuals. The database is unequalled, and the specimens from the Collection represent among the largest held by any U.S. museum or university, placing Stony Brook among a handful of renowned institutions, such as the Smithsonian.

Entergy also has made a substantial donation of seed capital to advance Stony Brook’s goal of groundbreaking scientific study related to the Collection – study that dovetails with SoMAS’s expertise on coastal, marine, estuarine ecosystems, including biodiversity, population genetics, climate change and disease.�� The Collection’s digitized databases make them readily usable “big data,” susceptible to the cutting-edge statistical methods and advanced computing on which Stony Brook excels.

“This donation positions Stony Brook as a leader in developing innovative forms of multidisciplinary science endeavors,” said Michael A. Bernstein, Interim President of��Stony Brook University. “I am confident that our unparalleled access to the Hudson River Collection will result in extraordinary research opportunities.”

“We want to thank the New York State Department of Environmental Conservation and leading scientists for supporting us in our search for the right home for the Collection,”��said Mike Twomey, Senior Vice President, Federal Policy, Regulatory and Government Affairs for Entergy.�� “SoMAS��and Stony Brook are the right home for an unparalleled Collection, one that we could not be more pleased to give.”

Paul Shepson, Dean of SoMAS, echoed those thanks,��underscoring that the Collection��will not only advance SoMAS’s standing as a leading research and educational institution, but enable scientists and their students to better understand a wide range of subjects, beginning with the environmental drivers within the Hudson River ecosystem and aquatic ecosystems in general.��

“The Collection’s��data and samples will enable leading scientists to develop collaborative and interdisciplinary research projects, leading to new discoveries that will be instrumental in understanding changes in estuarine and marine environments both locally and worldwide,” said Shepson.��“We are both excited and grateful to Entergy for entrusting Stony Brook with such an incredible and unprecedented collection.”

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About Stony Brook University

Stony Brook University, widely regarded as a SUNY flagship, is going beyond the expectations of what today’s public universities can accomplish. Since its founding in 1957, this young university has grown to become one of only four University Center campuses in the State University of New York (SUNY) system with over 26,000 students, more than 2,700 faculty members and 18 NCAA Division I athletic programs. Our faculty have earned numerous prestigious awards, including the Nobel Prize, Pulitzer Prize, Indianapolis Prize for animal conservation, Abel Prize and the inaugural Breakthrough Prize in Mathematics. The University offers students an elite education with an outstanding return on investment: U.S. News & World Report ranks Stony Brook among the top 40 public universities in the nation. Its membership in the Association of American Universities (AAU) places Stony Brook among the top 62 research institutions in North America. As part of the management team of Brookhaven National Laboratory, the University joins a prestigious group of universities that have a role in running federal R&D labs. Stony Brook University fuels Long island’s economic growth. Its impact on the Long Island economy amounts to $7.38 billion in increased output. Our state, country and world demand ambitious ideas, imaginative solutions and exceptional leadership to forge a better future for all. The students, alumni, researchers and faculty of Stony Brook University are prepared to meet this challenge.

About SoMAS

SoMAS is the����designated center for marine sciences and a leader in marine, atmospheric and sustainability research, education, and public service. Currently, there are more than 500 undergraduate and graduate students and 90 faculty and staff from 16 different nations working together to better understand how our marine, terrestrial, and atmospheric environments function, are related to one another and how they and their associated living resources may be sustained for future generations. Research at SoMAS explores solutions to a variety of issues facing the world today ranging from local problems affecting the area around Long Island to processes that are impacting the entire globe.

About ���ϳԹ���

���ϳԹ��� (NYSE: ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy has annual revenues of $11 billion and approximately 13,500 employees. Additional information is available at��entergy.com.

��

Source of Quotes:

Barnthouse, L. W., R. J. Klauda, D. S. Vaughan, and R. L. Kendall. 1988. Science, Law, and Hudson River Power Plants. American Fisheries Society Monograph 4. Bethesda, MD.

Letter dated November 9, 2000 from William Sarbello to United States Environmental Protection Agency, Proposed Rule Comment Clerk, re Docket No. W-00-03, Proposed Rule, National Pollutant Discharge Elimination System–Regulations Addressing Cooling Water Intake Structures for New Facilities, Federal Register Vol. 65, No. 155, Aug. 10, 2000. p. 49060-49121.

Letter dated May 31, 2017 to Entergy Nuclear Operations, Inc. 450 Broadway, Suite 3, Buchanan NY 10511 from: Clay Hiles, Executive Director of the Hudson River Foundation;

Dennis Suszkowski, Science Director of the Hudson River Foundation; Robert Schmidt, Professor Emeritus, Environmental Studies and Zoology, Bard College at Simon’s Rock; David Strayer, Emeritus Ecologist, Cary Institute of Ecosystem Studies; Eric Schultz, Professor, Department of Ecology and Evolutionary Biology, University of Connecticut; Karin Limburg, Professor, Faculty of Environmental and Forest Biology, State University of New York, School of Environmental Science and Forestry; David Secor, Professor, Chesapeake Biological Laboratory, University of Maryland, Center for Environmental Science; and John Waldman, Professor of Biology, Queens College, City University of New York.

Letter dated April 30, 2018, from Tom Gallay, Executive Director, Riverkeeper, Inc., to Tom Congdon, Executive Deputy, New York State Department of Public Service, 3 Empire State Plaza Albany, New York 12223-1350;��see also��Letter dated June 8, 2018, from Richard Webster, Legal Director, Riverkeeper, Inc., to The Honorable Kathleen H. Burgess, Secretary of the Commission New York State Public Service Commission, Three Empire Plaza, Albany, New York 12223-1350.

BUCHANAN, N.Y. – ���ϳԹ��� and Holtec International, through their affiliates, jointly filed a License Transfer Application today with the U.S. Nuclear Regulatory Commission, requesting approval for the transfer of the NRC licenses for the Indian Point ���ϳԹ��� Center to Holtec after the last unit permanently shuts down by April 30, 2021. Holtec plans to initiate decommissioning at Indian Point, following regulatory approvals and transaction close, as much as 40 years sooner than if Entergy continued to own the units.

“Holtec’s plan to accelerate the decommissioning schedule provides the potential for site redevelopment decades sooner than if Entergy continued to own the facility, which is good news for the local community,” said Chris Bakken, Entergy Executive Vice President Nuclear Operations and Chief Nuclear Officer. “Holtec plans to begin the decommissioning process promptly upon taking ownership, and as part of the agreement between the companies, will provide job opportunities for more than 300 of our current employees who want to remain in the region and continue to work at the site.”

The companies asked the NRC to approve the License Transfer Application by November 2020 to facilitate a timely transaction closing targeted for May 2021, which will benefit the community, employees and other interested stakeholders.

“This key regulatory filing is an important first step to beginning a new future for Indian Point and the local community,” said Holtec’s President and Chief Executive Officer Dr. Kris Singh. “By beginning decommissioning earlier, Holtec will be able to maintain and create new jobs and work towards releasing the plant site earlier so it can be repurposed and generate replacement tax revenue on an earlier schedule.”

“Holtec’s plan to accelerate the decommissioning schedule provides the potential for site redevelopment decades sooner than if Entergy continued to own the facility, which is good news for the local community.”

– Chris Bakken, Entergy Executive Vice President Nuclear Operations and Chief Nuclear Officer

The NRC previously approved applications to transfer the licenses for the shut down Oyster Creek Nuclear Generating Station (New Jersey) from Exelon Generation to Holtec and for the shut down Pilgrim Nuclear Power Station (Massachusetts) from Entergy to Holtec for decommissioning.

In addition to the federal filing, the companies today filed a petition with the New York Public Service Commission requesting a ruling disclaiming PSC jurisdiction or abstaining from review of the proposed transaction, or, in the alternative, an order approving the proposed transaction.

Holtec International is a global leader in used nuclear fuel management, with more than 100 nuclear plants relying on its nuclear fuel storage technology design and implementation. Holtec has contracted with Comprehensive Decommissioning International, LLC to perform the decommissioning, including demolition and site cleanup, at Oyster Creek, Pilgrim, and Indian Point. CDI is a joint venture company of Holtec International and SNC-Lavalin. The decommissioning experience held by Holtec and SNC-Lavalin gives CDI more than half a century of managing complex nuclear projects in the commercial and government sectors worldwide.

Holtec’s plan for decommissioning will result in the release for re-use of portions of the site in the 2030s, with the exception of the Independent Spent Fuel Storage Installation – the area where spent nuclear fuel is safely stored in dry casks until the U.S. Department of ���ϳԹ��� transfers the spent fuel offsite. As part of its plan, Holtec expects to move all of the Indian Point spent nuclear fuel into dry casks within about three years following facility shutdown in 2021.��Holtec has a pending application with the NRC for a Consolidated Interim Storage Facility in New Mexico, which could eventually store spent nuclear fuel from Indian Point and other U.S. nuclear power plants.

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, Entergy’s plans and expectations with respect to the Indian Point ���ϳԹ��� Center, the proposed post-shutdown sale of the Indian Point ���ϳԹ��� Center, and other statements of Entergy’s plans, beliefs or expectations included in 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 anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with 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 strategic transactions that Entergy or its subsidiaries may undertake, including 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) effects of 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; and (i) the effects of technological changes and changes in commodity markets, capital markets or economic conditions; and (j) impacts from a terrorist attack, cybersecurity threats, data security breaches or other attempts to disrupt Entergy’s business or operations, and other catastrophic events.

Background Information

���ϳԹ��� (NYSE: ETR) 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 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy has annual revenues of $11 billion and approximately 13,500 employees. Additional information is available at entergy.com.

Holtec International is a privately held energy technology company with operation centers in Florida, New Jersey, Ohio, and Pennsylvania in the U.S., and globally in Brazil, Dubai, India, South Africa, Spain, U.K., and Ukraine. Holtec’s principal business concentration is in the nuclear power industry. Holtec has played a preeminent role since the 1980s by densifying wet storage in nuclear plants’ spent fuel pools deferring the need for and expense of alternative measures by as much as two decades at over 110 reactor units in the U.S. and abroad. Dry storage and transport of nuclear fuel is another area in which Holtec is recognized as the foremost innovator and industry leader with a dominant market share and an active market presence in eighteen countries. Among the Company’s pioneering endeavors are the world’s first below-ground Consolidated Interim Storage Facility being developed in New Mexico and a 160-Megawatt walk away safe small modular reactor, SMR-160. The SMR-160 is developed to bring cost competitive carbon-free energy to all corners of the earth including water-challenged regions. Holtec is also a major supplier of special-purpose pressure vessels and critical-service heat exchange equipment such as air-cooled condensers, steam generators, feedwater heaters, and water-cooled condensers.��Virtually all products produced by the Company are built in its three large manufacturing plants in the U.S. and one in India. Thanks to a solid record of consistent profitability and steady growth since its founding in 1986, Holtec has no history of any long-term debt and enjoys a platinum credit rating from the financial markets. Nearly 100 U.S. and international patents protect the Company’s intellectual property from predation by its global competitors and lend predictable stability to its business base. To learn more about Holtec International, please visit .

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“The sale of Indian Point to Holtec is expected to result in the completion of decommissioning decades sooner than if the site were to remain under Entergy’s ownership,” said Entergy Chairman and Chief Executive Officer Leo Denault. “With its deep experience and technological innovations, Holtec’s ability to decommission Indian Point will benefit stakeholders in the surrounding community.” ��

With this agreement to sell Indian Point, Entergy has now announced the sale of its entire remaining merchant nuclear fleet for decommissioning.

Following regulatory approvals and transaction close, Holtec plans to initiate decommissioning at Indian Point decades sooner than if Entergy continued to own the units. A more defined timetable will be developed in connection with Holtec’s preparation of its Post-Shutdown Decommissioning Activities Report (PSDAR) and Site-Specific Decommissioning Cost Estimate (DCE). Holtec will submit those reports to the U.S. Nuclear Regulatory Commission (NRC), likely in the fourth quarter of 2019. The transaction closing is targeted for the third quarter of 2021.

The transaction is subject to closing conditions, including approval from the NRC. The companies also plan to seek an order from the New York State Public Service Commission (PSC) disclaiming jurisdiction, or alternatively, approving the transaction. Closing is also conditioned on obtaining from the NYS Department of Environmental Conservation (DEC) an agreement confirming Holtec’s decommissioning plans as being consistent with applicable standards.

Entergy remains committed to the safe and reliable operation of Indian Point Unit 2 and Unit 3 until their permanent shutdowns in 2020 and 2021, respectively.

With the acquisition of the Indian Point ���ϳԹ��� Center, Holtec’s fleet is expected to grow to six reactors at four nuclear facilities and an independent spent fuel storage installation,

located in Michigan, New York, New Jersey, and Massachusetts. Oyster Creek (N.J.) and Pilgrim (Mass.) License Transfer Application requests are pending at the NRC, with anticipated closings in 2019, subject to NRC approval. Holtec and its affiliates specializing in demolition and decommissioning will deploy operating processes and methods that enable them to expedite site clean-up and minimize occupational dose to workers. Minimizing any incidental disruption of the land, water, and air at and around the IPEC site is an overarching undertaking that is a part of Holtec’s core expertise.

Drawing on its own and its affiliates’ expertise in ensuring personnel safety and its pioneering decommissioning technologies, Holtec expects to accrue tangible benefits to the local community by returning the site (excluding the site’s heavily shielded storage casks on the storage pad safely storing the spent nuclear fuel) to productive use much sooner than would occur if Entergy selected the maximum SAFSTOR option under the NRC regulations. Holtec will transfer all of the used nuclear fuel to its dry fuel storage cask systems to be stored at the on-site reinforced concrete pads, which will remain under guard, monitored during shutdown and decommissioning, and subject to the NRC’s oversight, until the U.S. Department of ���ϳԹ��� removes it in accordance with its legal obligations, or until Holtec’s proposed Consolidated Interim Storage (CIS) facility in New Mexico, named HI-STORE CIS, is ready to begin accepting used fuel from across the country.

“Holtec will execute the decommissioning of Indian Point with the same culture of excellence that has undergirded our company’s ascent to a first-tier nuclear technology firm,” said Dr. Kris Singh, President & CEO of Holtec International.��“Our industry-leading expertise and deep experience permit us to complete decommissioning at Indian Point decades sooner than if Entergy remained the owner and performed decommissioning itself. The potential for the site to be released decades sooner for redevelopment could deliver significant benefits to local community stakeholders and the local economy.”

��“Holtec will hire Entergy’s employees at Indian Point who are employed at the site at the time of the transaction and identified by Entergy as an employee whose services are required for that phase of decommissioning. Holtec looks forward to engaging with site employees, the local community, and other stakeholders over the coming months and years as we discuss our vision for the decommissioning of Indian Point.”

Holtec and Comprehensive Decommissioning International (CDI), a U.S.-based joint venture company formed in 2018 between Holtec and SNC-Lavalin, have agreed to enter into a Decommissioning General Contractor Agreement for CDI to perform the decommissioning of the Indian Point site. CDI’s decommissioning plan is backed by decades of experience managing complex projects in both commercial and government nuclear sectors around the world. Ownership of the plants and management of the decommissioning trust funds at Indian Point will remain solely with Holtec, post-transaction.

Entergy Financial Impact

As consideration for its transfer to Holtec of its interest in Indian Point ���ϳԹ��� Center, Entergy will receive nominal cash consideration.��

The transaction is expected to result in a non-cash loss based on the difference between Entergy’s adjusted net investment in the subsidiaries at closing and the sale price net of any agreed adjustments. As of Dec. 31, 2018, Entergy’s adjusted net investment in the companies was $265 million. Primary variables in the ultimate loss are values of the nuclear decommissioning trusts and asset retirement obligations, financial results from plant operations, and any unutilized deferred tax balances. The terms of the transaction include limitations on withdrawals from the NDTs to fund decommissioning activities and controls on how Entergy manages the investment of NDT assets between signing and closing; however, the agreement does not require a minimum level of funding in the NDTs as a condition to closing.

Entergy affirmed its expectation for Entergy Wholesale Commodities to provide positive net cash to parent from 2019 to 2022.

About Indian Point ���ϳԹ��� Center and Entergy

Indian Point ���ϳԹ��� Center, in Buchanan, N.Y., is home to two operating nuclear power plants, Unit 2 and Unit 3, which generate approximately 2,000 megawatts of electricity for homes, business and public facilities in New York City and Westchester County.�� Indian Point Unit 2 and Unit 3 are scheduled to shut down by April 30, 2020 and April 30, 2021, as part of an agreement with New York State.�� Indian Point Unit 1 was shut down in 1974.

���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 nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and nearly 13,700 employees. Additional information is available at www.entergy.com.

About Holtec International

Holtec International is a privately held energy technology company with operation centers in Florida, New Jersey, Ohio and Pennsylvania in the U.S., and globally in Brazil, Dubai, India, South Africa, Spain, U.K. and Ukraine. Holtec’s principal business concentration is in the nuclear power industry. Holtec has played a preeminent role since the 1980s in expanding nuclear plants’ wet spent fuel storage capacity at over 110 reactor units in the U.S. and abroad. Dry storage and transport of nuclear fuel is another area in which Holtec is recognized as the foremost innovator and industry leader with a dominant market share and an active market presence at over 115 reactor units around the globe. Among the Company’s pioneering endeavors is the world’s first below-ground Consolidated Interim Storage Facility being developed in New Mexico and a 160-Megawatt walk away safe small modular reactor, SMR-160. The SMR-160 is developed to bring cost competitive carbon-free energy to all corners of the earth. Holtec is also a major supplier of special-purpose pressure vessels and critical-service heat exchange equipment such as air-cooled condensers, steam generators, feedwater heaters, and water-cooled condensers.��Virtually all products produced by the company are built in its three large manufacturing plants in the U.S. and one in India. Thanks to a solid record of consistent profitability and steady growth since its founding in 1986, Holtec has no history of any long-term debt and enjoys a platinum credit rating from the financial markets. Nearly 100 U.S. and international patents protect the company’s intellectual property from predation by its global competitors and lend predictable stability to its business base. To learn more about Holtec International, visit: .

About Comprehensive Decommissioning International

Comprehensive Decommissioning International, LLC (CDI) is a jointly owned company of Holtec International and SNC-Lavalin. Headquartered in Camden, New Jersey, CDI is an industry-leading general decommissioning contractor that provides comprehensive project solutions for retiring nuclear power plants. CDI brings together a legacy of expertise and technological innovation to protect the public in an environmentally responsible, safe and ethical manner. CDI is committed to the enhancement of the communities in which it operates, employing financially sustainable business practices that ensure the upholding of obligations made as a trusted steward of legacy nuclear materials.

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, Entergy’s plans and expectations with respect to the Indian Point ���ϳԹ��� Center, the impact of the proposed post-shutdown sale of the Indian Point ���ϳԹ��� Center, 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 anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with 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 strategic transactions that Entergy or its subsidiaries may undertake, including 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) effects of 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; and (i) the effects of technological changes and changes in commodity markets, capital markets or economic conditions; and (j) impacts from a terrorist attack, cybersecurity threats, data security breaches or other attempts to disrupt Entergy’s business or operations, and other catastrophic events.

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