Entergy Utilities Receive Green Light for MISO

                Entergy Utilities Receive Green Light for MISO

Regulators clear path for $1.4 billion in projected customer savings

PR Newswire

NEW ORLEANS, Nov. 15, 2012

NEW ORLEANS, Nov. 15, 2012 /PRNewswire/ -- Paving the way for significant
customer savings, regulators in New Orleans and Mississippi today issued
decisions supporting proposals by the Entergy operating companies they
regulate to join the Midwest Independent Transmission System Operator, or
MISO, in December 2013. These actions complete all of the retail regulatory
decisions needed for the six Entergy operating companies to move forward with
their plan to join MISO.

(Logo: http://photos.prnewswire.com/prnh/20120913/MM74349LOGO)

The Mississippi Public Service Commission decision allows for up to $284
million in estimated savings over the next decade for Entergy Mississippi's
customers. In Louisiana, the New Orleans City Council decision is projected to
result in more than $40 million in savings to New Orleans electric customers.

Across Entergy's operating companies' footprint, customer savings are
projected to reach $1.4 billion in the first decade of MISO membership.
Independent studies also forecast significant economic value for electric
co-operatives, independent power producers, municipalities and other industry
participants, resulting from the move to MISO.

"This represents a huge step forward in our effort to ensure a robust,
efficient electrical system serving the future of our city," said Charles
Rice, Jr., president and chief executive officer of Entergy New Orleans.
"MISO's massive footprint and its experience in operating day-ahead and
real-time regional energy markets make it the right fit for our customers.
MISO also helps us prepare to meet the demands of a city with a growing
appetite for reliable, affordable electricity."

In Mississippi, Haley Fisackerly, president and chief executive officer of
Entergy Mississippi said, "It's clear that MISO is good for our customers and
the communities we serve – and we're appreciative of our commission's decision
that joining MISO is in the public interest. This forward-thinking initiative
will produce savings for customers and enhance Mississippi's economically
competitive position."

Today's decisions fulfill requests by Entergy's operating companies to
transfer functional control of their transmission facilities to MISO in
December 2013. The Louisiana Public Service Commission issued the first ruling
in May followed by Arkansas and Texas regulators in October. Each request to
join MISO was subjected to extensive review as retail regulators sought to
ensure that the proposed move would serve the public interest.

"The Entergy operating companies noted from the very beginning that the
greatest benefits would accrue to our customers if all of the operating
companies join MISO at the same time," said Theo Bunting, president of utility
operations for Entergy Services, Inc. "That makes today's rulings great news
not only for our customers in New Orleans and Mississippi, but also for our
customers everywhere the Entergy operating companies serve.

"In New Orleans, Mississippi and throughout the region, our local teams have
worked closely with their regulators, staffs and advisors, and stakeholders to
demonstrate that the move to MISO is in the best interest of our customers and
all of those who are served by our transmission system," added Bunting. "We're
pleased that our retail regulators have determined that MISO is in the public
interest. Now there's a lot of work to do to implement the move to MISO and
thus seize these benefits for our customers."

MISO is the oldest and one of the largest regional transmission organizations
– a firm that manages congestion on the grid and operates sophisticated
markets for the purchase and sale of electricity. The savings projected with
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 New Orleans, Inc. is an electric and gas utility providing electricity
to more than 160,000 customers and natural gas to more than 100,000 customers
in Orleans Parish, La. Entergy Mississippi, Inc. provides electricity to more
than 437,000 customers in 45 counties. Both are subsidiaries of Entergy
Corporation, an integrated energy company engaged primarily in electric power
production and retail distribution operations. Entergy owns and operates power
plants with approximately 30,000 megawatts of electric generating capacity,
including more than 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 Arkansas, Louisiana, Mississippi and Texas.
Entergy has annual revenues of more than $11 billion and approximately 15,000
employees.

entergy-mississippi.com.
Twitter: @EntergyMS
facebook.com/EntergyMS

entergy-neworleans.com
Twitter: @EntergyNOLA

In this news release, and from time to time, Entergy Corporation makes 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: (i) Entergy Corporation's Form 10-K for the year ended
December 31, 2011; and (ii) Entergy Corporation'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 Corporation and its subsidiaries;
(f) 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, and (g) risks
inherent in the proposed spin-off and subsequent merger of Entergy
Corporation's electric transmission business into a subsidiary of ITC Holdings
Corp. Entergy Corporation cannot provide any assurances that the spin-off and
merger transaction will be completed and cannot give any assurance as to the
terms on which such transaction will be consummated. The spin-off and merger
transaction is subject to certain conditions precedent, including regulatory
approvals and approval by ITC Holdings Corp. shareholders.

SOURCE Entergy Corporation

Website: http://www.entergy.com
Contact: Michael Burns, +1-504-576-4238, mburns@entergy.com
 
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