Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K OCTOBER 15,2009 - ENTERGY CORP /DE/ | a5409.htm |
| EX-99.2 - EXHIBIT 99.2 - STATEMENT OF USES AND USEFULNESS OF NON-GAAP INFORMATION - ENTERGY CORP /DE/ | a05409992.htm |
Entergy
Corporation
639
Loyola Avenue
New
Orleans, LA 70113
News
Release
| Date: | October 15, 2009 | |
| For Release: | Immediate | |
| Contact: |
Michael Burns (Media)
(504)
576-4238
mburns@entergy.com
|
Michele Lopiccolo (Investor
Relations)
(504) 576-4879
mlopicc@entergy.com
|
|
Exhibit
99.1
|
Entergy
Provides Preliminary Third Quarter Earnings Guidance
New
Orleans, La. - Entergy Corporation (NYSE: ETR) today indicated that it expects
third quarter 2009 as-reported earnings of approximately $2.31 per share and
operational earnings of approximately $2.39 per share compared to as-reported
results of $2.41 per share and operational results of $2.50 per share in third
quarter 2008.
As-reported
results are prepared in accordance with generally accepted accounting principles
and are comprised of operational earnings (described below) and special items.
As-reported earnings in third quarter 2009 will include a special item at
Entergy Nuclear for spin-off dis-synergies. Utility, Parent &
Other third quarter results in both 2008 and 2009 will include a special item
for expenses for outside services to pursue the non-utility nuclear
spin-off.
The
decrease in third quarter 2009 operational earnings is due primarily to lower
results at Utility, Parent and Other, partially offset by increased earnings at
Non-nuclear Wholesale Assets. Entergy Nuclear results were modestly higher
compared to third quarter 2008.
Utility,
Parent & Other
Lower
Utility, Parent & Other operational earnings in third quarter 2009 were
primarily due to the absence of the 2008 adjustment reducing income tax expense
(associated with the liquidation of a subsidiary resulting in an income tax
loss) and higher operation and maintenance expense. Partially
offsetting lower results were higher net revenue and other
income. The effects of hurricanes Gustav and Ike reduced revenue in
2008.
Entergy
Non-Nuclear Wholesale Assets
Entergy’s
non-nuclear wholesale assets business quarterly operational results improved due
to the absence of the 2008 adjustment increasing income tax expense (associated
with the redemption of an investment).
Entergy
Nuclear
The modest increase quarter-over-quarter in operational earnings at Entergy
Nuclear is attributed to higher revenue primarily due to fewer planned and
unplanned outages and increased other income. Largely offsetting
these items were increased operations and maintenance expense and the absence of
the 2008 adjustment reducing income tax expense (associated with Massachusetts
state tax law change).
Earnings
Guidance
Entergy affirmed its previously issued earnings guidance ranges, with 2009
as-reported earnings guidance to be in the range of $6.00 to $6.60 per share and
2009 operational earnings guidance to be in the range of $6.20 to $6.80 per
share.
A teleconference
will be held at 10:00 a.m. CT on Thursday, October 22, 2009, to discuss
Entergy’s third quarter 2009 earnings announcement, and may be accessed by
dialing (719) 457-2080, confirmation code 4133911, no more than 15 minutes prior
to the start of the call. The call and presentation slides can also
be accessed via Entergy’s Web site at www.entergy.com. A
replay of the teleconference will be available for seven days thereafter by
dialing (719) 457-0820, confirmation code 4133911.
Entergy
Corporation is an integrated energy company engaged primarily in electric power
production and retail distribution operations. Entergy owns and operates power
plants with approximately 30,000 megawatts of electric generating capacity, and
it is the second-largest nuclear generator in the United States. Entergy
delivers electricity to 2.7 million utility customers in Arkansas, Louisiana,
Mississippi and Texas. Entergy has annual revenues of more than $13 billion and
approximately 14,700 employees.
-30-
Additional
investor information can be accessed online at
www.entergy.com/investor_relations
In
this news release, and from time to time, Entergy Corporation makes certain
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. 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 involve a
number of risks and uncertainties. There are factors that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, including (a) those factors discussed in (i) Entergy’s Form 10-K for the year
ended December 31, 2008, (ii) Entergy’s Form 10-Q for the quarters ended March
31 and June 30, 2009, and (iii) Entergy’s other reports and filings made under
the Securities Exchange Act of 1934, (b) the uncertainties associated with
efforts to remediate the effects of Hurricanes Gustav and Ike and the January
2009 Arkansas ice storm and recovery of costs associated with restoration, and
(c) the following transactional factors (in addition to others described
elsewhere in this news release and in subsequent securities filings): (i) risks
inherent in the contemplated spin-off, joint venture and related transactions
(including the level of debt to be incurred by Enexus Energy Corporation and the
terms and costs related thereto), (ii) legislative and regulatory actions, and
(iii) conditions of the capital markets during the periods covered by the
forward-looking statements. Entergy cannot provide any assurances
that the spin-off or any of the proposed transactions related thereto will be
completed, nor can it give assurances as to the terms on which such transactions
will be consummated. The transaction is subject to certain conditions
precedent, including regulatory approvals and the final approval by the Board of
Directors of Entergy.