Entergy Endows $5 Million Charitable Fund to Honor Retiring Chairman and CEO
Fund to Continue Leonard's Work on Climate Change, Poverty and Social Justice
NEW ORLEANS, Jan. 25, 2013
NEW ORLEANS, Jan. 25, 2013 /PRNewswire/ -- Entergy Corporation today announced
the creation of a $5 million endowment to honor retiring Chairman and Chief
Executive Officer J. Wayne Leonard and continue efforts to address the issues
of climate change, poverty and social justice.
"Wayne has been a passionate advocate on each of these issues during his years
at Entergy, so we could think of no better way to honor him than by creating
the J. Wayne Leonard Poverty, Climate Change and Social Justice Fund," said
Leo Denault, who will assume the role of Entergy's chairman and CEO when
Leonard retires Jan. 31. "To a great extent, his compassion for people from
all walks of life and his desire to protect the environment for future
generations have defined his tenure at Entergy.
"We see this fund as a vehicle for Wayne, as an adviser to the fund, and
Entergy to continue making important contributions in these areas for years to
come," added Denault.
The fund is being endowed through shareholder-funded donations to the Entergy
When Leonard was named CEO of Entergy in 1999, he began calling for action by
business, community and political leaders to break the cycle of poverty that
has stunted economic growth in the mid-South region for generations. During
Leonard's tenure, the company has donated more than $50 million to charitable
initiatives and advocacy efforts that successfully helped move low-income
residents toward self-sufficiency. Among them were campaigns to improve early
childhood education programs and financial support of a matched-savings
program that has helped 19,000 people and created an economic impact of $69
million over the last 10 years.
Under Leonard's leadership, in 2001 Entergy became the first utility in the
U.S. to commit to voluntarily reduce greenhouse gas emissions. Entergy
performed better than promised, cutting carbon emissions by 455.5 million tons
through 2011, 12.6 percent better than its goal. Entergy has become a fixture
on the Dow Jones Sustainability Indexes, a respected measure of economic,
environmental and social commitment, for more than a decade.
Entergy Corporation, which celebrates its 100^th birthday this year, is 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, and it is the
second-largest nuclear generator in the United States. 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.
SOURCE Entergy Corporation
Contact: Michael Burns (Media), +1-504-576-4238, email@example.com
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