Entergy is into energy. The integrated utility holding company's subsidiaries distribute electricity to 2.8 million customers in four southern states (Arkansas, Louisiana, Mississippi, and Texas) and provide natural gas to 196,000 customers in Louisiana. Entergy operates 15,500 miles of high-voltage transmission lines and 1,500 transmission substations. In addition, the company has interests in regulated and nonregulated power plants in North America that have a combined generating capacity of about 30,000 MW (including nearly 10,000 MW of nuclear power). Entergy is one of the largest nuclear power generators in the US.
Entergy performs operations across a 114,000 square mile area in Arkansas, Louisiana, Mississippi, and Texas.
The company operates primarily through two business segments: Utility and Wholesale Commodities.
The utility segment includes the generation, transmission, distribution, and sale of electric power in Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans. It also operates a small natural gas distribution business. Entergy's wholesale commodities segment owns and operates six nuclear power plants (10,000 MW of capacity) in the northern US, and sells power from these plants (and from its interests in non-nuclear power plants) to wholesale customers. It also provides services to other nuclear power plant owners.
Entergy's major subsidiaries include Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C., Entergy Louisiana LLC, Entergy Mississippi, Inc., Entergy New Orleans, Inc., Entergy Texas, Inc., Entergy Nuclear, Inc., Entergy Wholesale Commodities, Entergy Solutions District Cooling, LP, and Entergy Thermal, LLC.
In 2014 the company’s net revenues increased by 10% due to an increase in utility sales thanks to rate hikes at Entergy Arkansas, Entergy Mississippi, Entergy Texas, and Entergy Louisiana.
Entergy's net income increased by 32% in 2014 due to higher net revenues, a decrease in asset write-offs, and impairments (including property, plant, and equipment impairments and related charges) and changes in other regulatory charges.
The company's cash inflow increased by 22% that year.
The company expecting that the diverse industrial base in the Gulf South region, including chemicals, primary metals, wood products and petrochemicals will deliver significant utility sales growth through 2017.
Entergy publicized several transmission projects in 2014 and early 2015 in Louisiana and Texas, including the Lake Charles transmission project. It also announced an accelerated gas pipe replacement program to replace about 100 miles of pipe in Baton Rouge, over the next 10 years.
To raise cash, in 2015 the company sold a natural gas-fired power plant in New England to the Carlyle Group or $490 million.
To save operating costs, in 2014 Entergy Louisiana and Entergy Gulf States Louisiana asked the Louisiana Public Service Commission for permission to merge into a single utility.
In another move to improve operating efficiency, that year Entergy broke ground on a new $23-million Transmission Operations Center in Little Rock that will will be a nerve center where employees monitor the status of the Arkansas transmission system, coordinate line outages for maintenance or repair, and remotely operate switches and breakers at substations.
Growing its non-nuclear power assets, in 2013 Entergy Gulf States Louisiana signed a deal with Sempra Energy’s Cameron LNG unit to supply up to 200 MW of additional power to the proposed Cameron LNG liquefaction project in Hackberry.