Entergy Corp ETR:NYSE

Last Price$121.01NYSE Previous Close - Last Trade as of 7:00PM ET 8/12/22

Today's Change+2.23(1.88%)
Bid (Size)$108.35 (1)
Ask (Size)$122.65 (1)
Day Low / High$119.19 - 121.07
Volume824.1 K

Entergy's New Orleans Unit Makes Regulatory Filing for $1.5 Billion Grid Hardening Projects

1:34PM ET 7/01/2022 MT Newswires
Entergy (ETR) said Friday its unit Entergy New Orleans has made a filing with its regulator, the New Orleans City Council, for grid hardening projects estimated to cost nearly $1.5 billion over 10 years.

The filing provides options for the regulator including grid resilience and hardening projects and alternative technologies such as microgrids, Entergy said, adding that extreme weather events have been hitting the New Orleans area with increased frequency.

Entergy said the regulator had opened a grid hardening and resilience docket in October 2021 asking stakeholders to propose infrastructure resiliency and storm hardening plans.

"Robust investments in grid resiliency will reduce the duration of power outages following major storms and will also reduce future storm restoration costs," said Entergy New Orleans chief executive officer Deanna Rodriguez.

Price: 114.23, Change: +1.59, Percent Change: +1.41