Sources
Help build the largest human-edited directory on the web.
Submit a site - Become an editor
Wikipedia. Licensed under the GNU Free Documentation License.
Are you an expert in this subject? Join the discussion and share your knowledge at Wikipedia.org.
Entergy
From Wikipedia, the free encyclopedia
| This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (June 2007) |
| Entergy | |
|---|---|
 |
|
| Type | Energy Production (Nuclear) |
| Founded | |
| Headquarters | United States |
| Industry | Energy industry |
| Services | Electricity |
Entergy Corporation NYSE: ETR is an integrated energy company engaged primarily in electric power productions and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.6 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy has annual revenues of more than $10 billion and approximately 14,500 employees(2006 Annual Report). Corporate headquarters is located in New Orleans, LA.
Entergy has three main operating segments:
- The U.S. Utility segment provides retail electricity services to approximately 2.6 million customers in Arkansas, Louisiana, Mississippi, and Texas.
- The Non-Utility Nuclear segment operates a total of ten nuclear power plants in New York (Indian Point Energy Center and FitzPatrick), Massachusetts (Pilgrim), Vermont (Vermont Yankee), Michigan (Palisades Nuclear Station), Arkansas (Arkansas Nuclear One), Louisiana (River Bend and Waterford), and Mississippi (Grand Gulf). Entergy Nuclear also provides support services for the Cooper Nuclear Station through 2014. Entergy is the second largest nuclear power generator in the United States after Exelon Corporation.
On September 22, 2005 it was announced that a new reactor would be built at the Grand Gulf site (see Nuclear Power 2010 Program). The company also announced that it plans to obtain a license for a new reactor at its River Bend site, although the company has not decided whether to build it. The company's nuclear division is headquartered in Jackson, Mississippi.
A shareholder resolution filed by one Entergy shareholder for the Company's 2008 annual meeting criticizes executive pay levels at the Company.[1]
Contents |
Entergy serves 2.7 million utility customers across four states- Arkansas, Louisiana, Mississippi, Michigan and Texas. Entergy operates over 40 plants using natural, nuclear, coal, oil and hydroelectric power with approximately 30,000 megawatts of electric generating capacity.
Entergy's extensive transmission system carries approximately 23,000 megawatts of power across more than 15,500 miles of interconnected lines within a 112,000 square-mile area.[2]
Gerald Andrus retired in 1974 and Floyd Lewis became the third president of MSU. His major task was to deal with the effects of higher fuel prices and uncertain availability. Consumers were quick to respond and conservation became the order of the day.
The effects of conservation began taking their toll on electricity demand. While the system was building new plants based on previous forecasts, the demand for additional capacity did not materialize. The system canceled plans for additional units and began marketing efficiency to help customers with rising bills. Some plants could not be canceled and the public’s reaction to paying for these additional units embroiled the system in controversy.
In 1980, the system’s first coal fired unit came online. The White Bluff steam electric station, located near Pine Bluff, Ark., made Arkansas Power and Light the first system company to use all five major electricity-generation fuel types: oil, gas, coal, nuclear and hydroelectric.
Five years later, Grand Gulf One entered commercial operation, as did LP&L’s Waterford 3 nuclear plant. While the customers of LP&L were responsible for paying for Waterford 3, precisely who would pay for Grand Gulf One and the two-thirds complete Grand Gulf Two was still in question. The system was in the middle of troubled times.