Entergy annual meeting features CEO summary of 2023 achievements
Entergy officials highlighted the company’s achievements in 2023 at their annual shareholders meeting this week.
Among the highlights, Entergy signed 61 new electric service agreements, representing more than 1.3 gigawatts of generation capacity. It also continued to invest in renewable energy and other clean technology solutions and now has more than 900 megawatts in service. It also has approximately 2,100 megawatts of renewable energy projects approved or under construction.
“Entergy Mississippi will soon provide power to support the single largest capital investment in the state of Mississippi’s history. A $10 billion planned investment by Amazon Web Services, or AWS, which received supportive legislation finalized by Mississippi lawmakers earlier this year, will bring new jobs and economic development opportunities to the state,” Entergy Chair and CEO Drew Marsh said.
The company also got the approval by the New Orleans City Council to invest in hardening, battery and microgrid investments in New Orleans East with the support of approximately $55 million of grants through the federal Infrastructure Investment and Jobs Act. In addition, the Louisiana Public Service Commission recently approved $1.9 billion of investment over the next five years to support roughly 2,100 individual resilience projects across the state. Further, it achieved its best forced outage rate since 2011.
“As we look ahead, we see unprecedented growth potential for our company and our region stemming from a number of factors, including strong industrial sales,” Marsh said. “This growth has been driven by industrial manufacturing investments along the Gulf Coast area, which has advantages unmatched anywhere else that are driving investment to our region.”
Entergy is focused on initiatives to improve outcomes for all stakeholders, including the completion of major rate filings and decisions, operational investments, and continued progress on several key customer solutions like green tariffs, renewable energy and other carbon-free energy projects.
Regarding carbon reduction goals, Marsh said the company is “focused on capturing that tremendous growth opportunity for the benefit of all our customers. We’re meeting our customers’ growing reliability and resilience needs, all while balancing bill affordability for our customers. Together, we’re writing a growth story for the Entergy of tomorrow.”
Finally, Entergy shareholders elected all 11 nominees to the company’s board of directors.
