| Entergy |
Website Links For Corporation |
Information AboutEntergy |
|
Entergy has three main operating segments: ''U.S. Utility'', ''Non-Utility Nuclear'', and ''Energy Commodity Services''.
On September 22 , 2005 it was announced that a new reactor would be built at the Grand Gulf site (see Nuclear Power 2010 Program ). The company also announced that it plans to obtain a license for a new reactor at its River Bend site, although the company has not decided whether to build it. The company's nuclear division is headquartered in Jackson, Mississippi . HISTORY The company was formerly known as Middle South Utilities, Inc. – It was using that name when it turned toward coal and nuclear-fired plants in the period 1973-74, the years of the first so-called "oil shock." MSU adopted the name Entergy in May 1989 at a shareholder's meeting in Natchez, Mississippi. The name is supposed to convey elements of Synergy and a break with the connotations of the label "utility," of tradition-bound regulated monopolies. A new corporate Logo (seen above) was also adopted. It is said to represent a sun (digitized) rising over the Mississippi River . Also in 1989, MSU/Entergy wrote off one of the biggest losses ever absorbed by an electricity generating company -- it wrote off $900 million it had invested in a never-completed Nuclear Reactor known as Grand Gulf unit 2, as part of a deal that settled litigation surrounding rate collection for its Grand Gulf unit 1. In 1993, Entergy absorbed Gulf States Utilities , gaining nearly 600,000 customers. Entergy was impacted severely by ). Parent company Entergy Corporation arranged $100 million in financing. EXTERNAL LINKS |
|
|