Entergy Corp.
Vicious storms and an ongoing pandemic failed to hobble year-over-year profit growth, Entergy executives said.
Tensions have been building among MISO stakeholders over what some perceive as an undercover Entergy plant in stakeholder meetings.
Entergy held its third-quarter earnings call with financial analysts as Hurricane Zeta, the fifth to hit this season, bore down on Louisiana.
MISO staff continue to keep advisories in effect and compile data on the emergency and subsequent rolling blackouts caused by Hurricane Laura.
Hurricane Laura’s lashing of south Louisiana and southeast Texas led MISO to implement last-resort rolling power outages.
MISO is putting the final touches on its most expensive annual transmission investment package after a final round of planning meetings.
Hurricane Laura’s impending landfall along the Gulf Coast has MISO, Entergy, SPP and ERCOT bracing for grid impacts.
FERC rejected a new argument by the Louisiana PSC in a 17-year-old case tied to a now terminated agreement among Entergy’s operating companies.
Entergy reported second-quarter earnings of $361 million ($1.79/share), bettering 2019’s second-quarter performance of $236 million ($1.22/share).
Entergy reported “solid” earnings in the first quarter, saying it has taken quick action to mitigate the effects of the COVID-19 pandemic.
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