Company affirms guidance and financial outlooks
NEW ORLEANS – Entergy Corporation (NYSE: ETR) reported first quarter 2021 earnings per share of $1.66 on an as-reported basis and $1.47 on an adjusted basis (non-GAAP).
“We had a strong first quarter and our team successfully executed on several fronts,” said Entergy Chairman and Chief Executive Officer Leo Denault. “We reached settlements on several important issues, reducing risk, providing long-term clarity, and solidifying a clear path for our future growth. This enables us to continue to make investments in a cleaner generation fleet and a more reliable delivery system that benefit our customers and our communities, and that support the long-term growth of our business.”
Business highlights included the following:
Entergy Louisiana, Entergy Arkansas, and Entergy Texas issued RFPs for up to 500, 300, and 200 megawatts of renewable resources, respectively.
Entergy Arkansas resolved its formula rate plan, including a five-year extension.
Entergy Louisiana reached an agreement on a three-year extension of its formula rate plan.
Entergy Mississippi submitted its annual formula rate plan filing.
Entergy Texas reached settlements on its TCRF and DCRF filings.
Entergy and Holtec filed a joint settlement agreement among all parties with the NY PSC for the sale of Indian Point.
Entergy and five other utilities formed the Electric Highway Coalition, a multi-state electric vehicle charging initiative.
Entergy ranked among the top energy and utility companies on the 2021 Corporate Equality Index by the Human Rights Campaign Foundation.
Consolidated Earnings (GAAP and Non-GAAP Measures)
First Quarter 2021 vs. 2020 (See Appendix A for reconciliation of GAAP to non-GAAP measures and description