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Entergy's 2024 Performance Report

Entergy Corporation has recently published its 2024 Performance Report, titled "Energy for a better future," which reflects the company's commitment to delivering energy while emphasizing sustainability, economic growth, and community empowerment. This report delineates Entergy's significant accomplishments, future ambitions, and strategies aimed at achieving long-term success while benefiting customers and stakeholders alike.

Progress in 2024 and Future Directions

As Entergy moves beyond a solid 2024, striking a chord with its mission, Chairman and CEO Drew Marsh stated, "Entergy is uniquely positioned to power life for our customers and communities, today and for future generations.” The report highlights Entergy's determination to invest in customer-centric solutions, reinforcing energy infrastructure, and transitioning towards cleaner energy technologies to meet an evolving market demand.

Moreover, the company acknowledges the unprecedented growth it encounters, particularly with new businesses establishing operations within the Gulf South region. This growth stems largely from Entergy’s geographical advantages, including proximity to international markets, which facilitates the expansion of operations near the Mississippi River and the Gulf Coast ports. Looking ahead to 2028, Entergy plans a massive investment of $37 billion to bolster reliability, resilience, and overall service, emphasizing a balanced approach towards financial stability and stakeholder risk management.

Commitment to Cleaner Energy

Entergy proudly operates one of the cleanest large-scale electricity generation fleets across the country. As it progressively transforms its energy generation portfolio, the corporation is focused on fostering environmental, social, and economic benefits in the communities they serve. The expansion of the power generation capacity is aligned with the anticipated growth, including accommodating new data centers and larger clients, by integrating cleaner technologies.

This strategy demonstrates Entergy’s dedication to realizing its net-zero emission targets by 2050, while also empowering customers to achieve their environmental objectives through low-carbon and carbon-free energy options.

Keeping Energy Affordable

Affordability is a paramount priority for Entergy, particularly for customers facing financial challenges. The company has rolled out energy efficiency initiatives that assist customers in reducing their energy consumption and costs through audits, incentives, and rebates. Additionally, the 2024 introduction of the Bill Toolkit has empowered customers with resources to better manage their energy expenses, further reinforcing Entergy’s commitment to affordability.

Community Engagement and Empowerment

At the core of Entergy's mission lies a commitment to give back to communities. In 2024, Entergy's corporate social responsibility initiatives had a substantial economic impact of $153.52 million throughout its service area. The active participation of its employees, who dedicated over 122,000 volunteer hours valued at $4 million, was instrumental in making a difference in the lives of many within these communities.

Financial Performance

The financial health of Entergy appears robust as indicated by its adjusted earnings per share of $3.65, hitting the higher end of its guidance. Entergy’s financial success is rooted in deliberate strategies aimed at enhancing value for customers, employees, and stakeholders by investing in a reliable power delivery system.

To summarize, the report signifies Entergy’s ongoing journey in providing energy solutions aimed at forging a better, more sustainable future. For a detailed exploration of this progress and its implications for the future, consider reviewing the entire Performance Report.

About Entergy

Entergy (NYSE: ETR) is dedicated to producing, transmitting, and distributing electricity to support 3 million customers across its service areas in Arkansas, Louisiana, Mississippi, and Texas. Committed to sustainability and corporate responsibility, Entergy invests in cleaner energy alternatives while aiming to keep energy rates competitive. The company, a recognized leader in corporate citizenship, contributes significantly to local communities through philanthropy and volunteerism. For more information, visit entergy.com and follow @Entergy on social media.