Entergy’s Louisiana Utilities Complete MISO Integration

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Printer-friendly versionPrinter-friendly versionPDF versionPDF version Customers to see meaningful savings over next 10 years BATON ROUGE, La. – Entergy Gulf States Louisiana, L.L.C. and Entergy Louisiana, LLC completed their integration last night into the Midcontinent Independent System Operator, or MISO, setting the stage for approximately half a billion dollars in projected customer savings in the first decade alone. With Entergy’s “cutover,” MISO now stands as one of the nation’s largest regional transmission organizations comprising a pool of electricity generators and users that stretches from Canada to the Gulf of Mexico. Entergy Gulf States Louisiana and Entergy Louisiana can buy, sell and transmit electricity within this giant marketplace, and pass the resulting savings along to their Louisiana customers. Entergy Gulf States Louisiana and Entergy Louisiana, along with sister utilities in Arkansas, Mississippi, New Orleans and Texas, worked for more than two years to reorganize teams, processes and infrastructure to integrate into MISO. Multiple economic assessments showed that the greatest customer savings would be realized when all of the Entergy companies entered MISO together. “This is a great move for our companies in terms of savings and benefits for our customers,” said Phillip R. May, president and chief executive officer of Entergy Gulf States Louisiana and Entergy Louisiana. “We’re grateful to the Louisiana Public Service Commission, our MISO counterparts and hundreds of Entergy teammates and vendors for their efforts toward reaching this historic milestone.” The Entergy utility operating companies’ entry into MISO represents a significant expansion for one of the largest regional transmission organizations. MISO created an entirely new region--the MISO South Region--along with new technology infrastructure and a new operations team to serve its members in the four states it added. It also has announced that it will build and staff a South Region operations center in Little Rock, Ark., next year. Besides Entergy Gulf States Louisiana and Entergy Louisiana, there are hundreds of other new participants in the MISO energy market. All told, the new region includes 151 transmission customers, 121 electric generating plants and 11 transmission facility owners. Independent studies have forecast that each of these sectors will realize economic value from the move to MISO. “A regional transmission organization like MISO creates incredible economic benefits in our state and our region,” May said. “Greater reliability, lower costs and other benefits will make Louisiana an even more attractive environment for business expansion and relocation.” While a lot of eyes were on the cutover inside the company and at MISO, the effort went largely unnoticed by Entergy customers. “Despite the magnitude and impact, the cutover was--and is--completely seamless from the perspective of our customers,” said May. “Now the real work begins--that of saving our customers money.” The savings projected with the move to MISO are largely attributable to its organized power markets, which allow for a more efficient commitment and dispatch of generating plants, to economies of scale offered by an RTO of MISO’s size, and to MISO’s transmission cost allocation methodology that equitably allocates the costs of transmission projects to those receiving the benefits from those projects. Entergy's Louisiana utility companies provide electric service to more than one million customers through the operating companies Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C. and natural gas service to more than 90,000 customers in the greater Baton Rouge area through Entergy Gulf States Louisiana. With operations in southern, central and northeastern Louisiana, the companies are subsidiaries of Entergy Corporation. Entergy, which celebrates its 100th anniversary in 2013, is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with 30,000 megawatts of electric generating capacity, including more than approximately 10,000 megawatts of nuclear power, making it one of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Louisiana, Arkansas, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and approximately 15,000 employees. -30- entergylouisiana.com@EntergyLAFacebook.com/EntergyLA In this news release, and from time to time, Entergy Corporation, Entergy Gulf States Louisiana, L.L.C., Entergy Louisiana, LLC and its affiliates make certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed in this news release and in: (i) Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q and (ii) Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with rate proceedings, formula rate plans and other cost recovery mechanisms; (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs; (d) nuclear plant relicensing, operating and regulatory risks, including any changes resulting from the nuclear crisis in Japan following its catastrophic earthquake and tsunami; (e) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; and (f) economic conditions and conditions in commodity and capital markets during the periods covered by the forward-looking statements, in addition to other factors described elsewhere in this release and subsequent securities filings.

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