Entergy Utilities Proceed with Key Step Toward MISO Integration

       Entergy Utilities Proceed with Key Step Toward MISO Integration

Five companies submit executed transmission owner agreement to MISO

PR Newswire

NEW ORLEANS, Dec. 3, 2012

NEW ORLEANS, Dec. 3, 2012 /PRNewswire/ --Five Entergy utilities took a key
step toward membership in a regional transmission organizationFriday via
submission of the executed transmission owner agreement to the Midwest
Independent Transmission System Operator or MISO.

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

The utilities – Entergy Mississippi, Inc., Entergy Texas, Inc., Entergy
Louisiana, LLC, Entergy Gulf States Louisiana, L.L.C, and Entergy New Orleans,
Inc. – follow Entergy Arkansas, Inc., which submitted its executed TOA to MISO
Oct. 31.

The TOA is a contract among the MISO transmission owners that governs a
transmission owner's membership in the RTO. The agreement is filed with the
Federal Energy Regulatory Commission, and executing the agreement is a key
requirement for any transmission owner to join the RTO. By executing the TOA,
the Entergy operating companies have agreed to become transmission owning
members of MISO, subject to the terms of the agreement.

Friday's action is an important step in the Entergy operating companies'
efforts to transfer functional control of their transmission facilities to
MISO in December 2013, a step that the utilities' retail regulators have ruled
is in the public interest, subject to conditions. The Louisiana Public
Service Commission made its ruling in May, followed by Arkansas and Texas
regulators in October. In mid-November regulators in Mississippi and New
Orleans made their rulings that joining MISO is in the public interest.

Joining MISO is expected to result in savings to the customers of the Entergy
operating companies of a projected $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.

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.

The operating companies 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.com

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's Form 10-K for the year ended December 31,
2011; and (ii) Entergy's Form 10-Q for the quarters ended March 31, 2012, June
30, 2012 and September 30, 2012 and (iii) 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 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 with 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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