Entergy Provides Preliminary Third Quarter Earnings Guidance

         Entergy Provides Preliminary Third Quarter Earnings Guidance

PR Newswire

NEW ORLEANS, Oct. 15, 2013

NEW ORLEANS, Oct. 15, 2013 /PRNewswire/ --Entergy Corporation (NYSE: ETR)
today indicated that it expects third quarter 2013 as-reported earnings of
approximately $1.33 per share and operational earnings of approximately $2.40
per share. Results for third quarter 2012 were $1.89 per share on an
as-reported basis and $1.95 per share on an operational basis. Entergy also
affirmed previously issued operational earnings guidance for 2013.

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

As-reported results are prepared in accordance with generally accepted
accounting principles (GAAP) and are comprised of operational earnings
(described below) and special items. Special items were recorded for:

  othe impairment and other related charges in third quarter 2013 arising out
    of the decision to close and decommission the Vermont Yankee Nuclear Power
    Station at the end of its current operating cycle in 2014,
  oexpenses associated with the implementation of the human capital
    management strategic imperative in third quarter 2013, and
  oexpenses associated with the proposed spin-off and merger of Entergy's
    electric transmission business with ITC Holdings Corp. in the third
    quarters of 2012 and 2013.

Utility
The increase in Utility third quarter 2013 operational earnings was due
primarily to higher net revenue and a lower effective income tax rate,
partially offset by higher non-fuel operation and maintenance and depreciation
expenses. The pricing adjustments in net revenue related largely to nuclear
and combined-cycle natural gas-fired-generation investments placed in service
around the end of 2012. Net revenue also reflected increased sales volume,
partially offset by less favorable weather in the third quarter of 2013
compared to one year ago.

Entergy Wholesale Commodities
The quarter-over-quarter decrease in operational earnings at Entergy Wholesale
Commodities was due primarily to higher non-fuel operation and maintenance and
depreciation expenses, partially offset by a lower effective income tax rate
on operational earnings. The depreciation expense increase was mostly driven
by a prior period item. A one-time adjustment reducing depreciation expense
was recorded last year for a favorable court decision on Indian Point Unit 2
litigation against the U.S. Department of Energy related to spent nuclear fuel
disposal. EWC net revenue was essentially flat versus the third quarter of
last year.

Parent & Other
Parent & Other results increased during the quarter due to lower income tax
expense.

Earnings Guidance
Entergy affirmed its previously issued 2013 operational earnings guidance to
be in the range of $4.60 to $5.40 per share, noting that current expectations
point to around the middle of the range.

Entergy will report third quarter earnings results before the market opens on
Tuesday, Oct. 29, 2013, and host a teleconference at 10 a.m. CT that day to
discuss the earnings announcement and the company's financial performance. The
teleconference may be accessed by dialing (719) 457-2080, confirmation code
8044514, no more than 15 minutes prior to the start of the call or by visiting
Entergy's website at www.entergy.com. The presentation slides also will be
available on Entergy's website before the market opens on the day of the call.
A replay of the teleconference will be available for seven days thereafter by
dialing (719) 457-0820, confirmation code 8044514.

Entergy Corporation, which celebrates its 100th 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, 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 $10 billion and approximately 15,000 employees.

Additional investor information can be accessed online at
www.entergy.com/investor_relations.

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 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; (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 presentation and subsequent securities filings and (g) risks inherent
in the proposed spin-off and subsequent merger of Entergy's electric
transmission business with a subsidiary of ITC Holdings Corp. Entergy 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
the availability of financing.

SOURCE Entergy Corporation

Website: http://www.entergy.com
Contact: Michael Burns, (Media), (504) 576-4238, mburns@entergy.com, Paula
Waters , (Investor Relations), (504) 576-4380, pwater1@entergy.com
 
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