Entergy

“The Arkansas Public Service Commission approved the special rate contract for Google.”

Arkansas regulators approved a special rate contract for Google, supporting Google's data center load growth in Entergy's Arkansas territory.

“with Hyundai Steel's $5.8 billion planned investment in Ascension Parish, Louisiana earned Business Facilities Platinum Deal of the Year”

Hyundai Steel's $5.8B planned Louisiana investment is a large new industrial load for Entergy, evidencing Hyundai Steel's US manufacturing expansion.

“what Meta has pursued is a transaction with Blue Owl, where they are structuring the capital that they're spending on their side”

Blue Owl is financing the capital structure of Meta's data center project, a read-through on Blue Owl's role funding large hyperscaler infrastructure builds.

“we have a 15-year term with a subsidiary of Meta backstopped all the way at the parent.”

Meta is a major Entergy data center customer under a 15-year electric service agreement guaranteed by the Meta parent, underscoring Meta's large-scale AI data center buildout in Entergy's Louisiana territory.

“Moody's also issued reports on Entergy Mississippi and Entergy New Orleans. Both agencies affirmed all ratings and outlooks.”

Moody's issued reports on two Entergy operating companies and affirmed all ratings and outlooks. Read-through: Moody's affirmed the credit of Entergy subsidiaries amid a large capital plan.

“In the quarter, S&P issued credit reports on each of our operating companies and Entergy Corp.”

S&P issued credit reports on Entergy's operating companies and parent and affirmed all ratings and outlooks. Read-through: routine S&P ratings coverage of a large regulated utility, ratings affirmed.

“in late September, Sempra reached its final investment decision for Phase 2 of its Port Arthur LNG project.”

Sempra reached FID on Port Arthur LNG Phase 2, an industrial load Entergy Texas serves via new transmission. Read-through: Sempra is sanctioning the next phase of its Port Arthur LNG expansion.

“the Louisiana Public Service Commission approved the settlement for generation and transmission resources needed to serve Meta.”

The LPSC approved generation/transmission to serve Meta's ~2 GW Louisiana data center, with contracted minimum bills protecting other customers. Read-through: Meta's North Louisiana hyperscale project is advancing through regulatory approvals.

“We're able to add this investment for grid improvements at no additional cost to Entergy Mississippi customers because of new revenues from Amazon and other large industrial customers investments in the state.”

New revenue from Amazon and other large industrial loads funds Entergy Mississippi's $300M Superpower grid-hardening program. Read-through: Amazon's data-center/industrial investment in Mississippi is large enough to materially lower existing-customer rates.