Entergy sees progress on Arkansas data center deal, strong Q3 sales

Utility Dive · Brian Martucci ·

The New Orleans-based company separately inked firm pipeline contracts for enough natural gas to support 10 new combined-cycle power plants in Louisiana, CEO Drew Marsh said Monday.

Entergy’s amended application to serve a controversial Google data center will save its Arkansas ratepayers at least $500 million more than the $1.6 billion previously agreed, CEO Drew Marsh told investors Monday during the company’s third-quarter earnings call.

The New Orleans-based utility holding company saw earnings increase more than 20% over the year-ago period helped by warmer-than-average weather across its four-state U.S. territory in the Midcontinent Independent System Operator’s southern zones, he said. Total electricity sales rose 5% year over year.

Entergy made progress on two key regulatory priorities in Louisiana, which accounts for nearly half of the holding company’s retail sales.

Read the full story at Utility Dive · All coverage of this story