Entergy lowered CO2 emissions, had $6.4B economic impact in 2022

Entergy released its 2022 Integrated Report last week, providing an annual update of its position at the close of the year, which included major turnarounds in CO2 emissions, expanded renewable energy capacity, diversity expansions and billions in economic development projects.

The report, titled Pathway to Premier, showed that the company’s CO2 emission rate was 31 percent lower compared to 2000, leading Entergy to release an updated climate progress report on its path to net-zero carbon emissions by 2050. Further, the company issued requests for proposals (RFPs) amounting to 5,500 MW of new renewable projects in its pipeline last year. At the same time, Entergy has helped attract or expand 45 economic development projects in its utility service area, leading to a capital investment of nearly $6.4 billion and more than 5,100 new jobs across Arkansas, Louisiana, Mississippi and Texas.

“After a strong 2022, Entergy and our nearly 12,000 employees are ready to take our performance even higher in the coming years,” Drew Marsh, chairman of the board and CEO of Entergy, said. “We’re actively investing in solutions our customers demand: accelerated system resilience as well as clean and renewable energy. We’re harnessing a rapidly expanding industrial base to support economic growth and improve affordability in our communities. We’re hard at work attracting and retaining a high-performing and diverse workforce. And we’re continuing to deliver steady, predictable financial results for our owners. These focused efforts will benefit all our stakeholders, and we are working together with them on the pathway ahead — the pathway to premier.”

Entergy indicated that it will continue working with its customers to identify further opportunities in 2023 and beyond to foster sustainability goals at the individual level as well, through a mix of new products and solutions. A more diverse workforce will be critical to such implementations, and remains a corporate focus, along with strong investments into corporate citizenship efforts and community assistance.