Entergy Corporation

What Entergy Corporation does

Entergy Corporation (NYSE: ETR) is a regulated electric utility holding company founded in 1949 and headquartered in New Orleans, Louisiana. It operates through five wholly-owned regulated subsidiaries (Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas) plus System Energy Resources, serving approximately 3 million retail customers across a 91,000-square-mile service territory in Arkansas, Louisiana, Mississippi, and Texas. The company is the primary infrastructure partner enabling the AI data center buildout in the US Gulf South, with signed or active agreements spanning Meta, Amazon Web Services, Google, and Hut 8.

Entergy owns and operates an integrated generation, transmission, and distribution platform comprising approximately 24,000 megawatts of generating capacity (natural gas, nuclear, coal, hydroelectric, and solar), 16,100 circuit miles of transmission lines, and 106,400 circuit miles of distribution lines. Its nuclear fleet of approximately 5,000 megawatts across five units (Arkansas Nuclear One, Grand Gulf, River Bend, Waterford 3) provides carbon-free baseload and a net-zero pathway to 2050. The company is a member of the Midcontinent Independent System Operator (MISO) for wholesale transmission planning and operates more than 3 million advanced meters as the foundation for grid modernization. Renewable generation projects total over 5,038 megawatts across the service territory.

Entergy earns revenue primarily through regulated electricity rates set by state public service commissions and FERC, with formula rate plans enabling annual adjustments for capital investments. Long-term Electric Service Agreements with hyperscale data center operators (Meta's $10 billion+ Hyperion commitment, Google, AWS, Hut 8) provide cost-of-service pricing plus dedicated infrastructure contributions. Capital expenditure has scaled from a $43 billion plan to a $57 billion four-year plan for 2026-2029, a 33% increase, funded through a combination of operating cash flow, debt issuance, and equity offerings (including a $2.175 billion forward equity sale in May 2026). Management guides to 15% industrial sales CAGR through 2029, 8.5% retail sales CAGR through 2030, and EPS growth from $3.91 in 2025 to $7.40 in 2030.

Name

Entergy Corporation

Legal name

Entergy Corporation

Website

https://entergy.com

Company type

Public

Founded year

1949

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Entergy Corporation is a regulated electric utility serving approximately 3 million retail customers across Arkansas, Louisiana, Mississippi, and Texas via an integrated 24,000 MW generation, 16,100-mile transmission, and 106,400-mile distribution platform, increasingly focused on powering hyperscale AI data centers.

Ownership category

akta.pro rank

Product category

Regulated Electric Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Power Distribution (221122), Electric Bulk Power Transmission and Control (221121), Fossil Fuel Electric Power Generation (221112)

SIC

Electric Services (4911)

akta.pro primary industry

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

akta.pro secondary industries

Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA), Open-Cycle Gas Turbine (OCGT) / Peaker Generation (EUACABAB)

Keywords

• Regulated electric utility
• Power generation services
• Nuclear energy production
• Renewable energy portfolio
• Electric transmission distribution

Headquarters

HQ city

New Orleans

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Regulated Electric Utility Revenue: Revenue from generating, transmitting, and distributing electricity to approximately 3 million retail customers across Arkansas, Louisiana, Mississippi, and Texas. Rates are regulated by state public service commissions and FERC, with formula rate plans enabling cost recovery on capital investments.
2. Industrial/Commercial Power Agreements: Revenue from large industrial customers including data center operators (Meta, AWS, Google) through long-term Electric Service Agreements with cost-of-service pricing and infrastructure contributions.
3. Transmission Infrastructure Services: Revenue from wholesale transmission services under MISO tariff, including grid expansion projects serving data center load growth.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Entergy Corporation is an integrated regulated electric utility that generates, transmits, and distributes electricity to approximately 3 million retail customers across Arkansas, Louisiana, Mississippi, and Texas. It operates roughly 24,000 megawatts of generating capacity spanning natural gas, nuclear, solar, hydroelectric, and coal resources, and manages about 16,100 circuit miles of transmission and 106,400 circuit miles of distribution lines through its five state-regulated subsidiaries. The company also provides customer-facing digital services such as the myEntergy portal, mobile app, energy efficiency programs, and storm response support.

Product overview

Entergy Corporation is a regulated electric utility company operating as a single, integrated platform providing electricity generation, transmission, and distribution services. The company serves approximately 3 million retail customers across Arkansas, Louisiana, Mississippi, and Texas through its five regulated subsidiaries (Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas). Entergy generates electricity from diverse sources including natural gas, nuclear, solar, hydroelectric, and other renewable resources, with approximately 24,000 megawatts of generating capacity. The company operates one of the cleanest large-scale generation fleets in the United States, with nuclear power producing approximately 5,000 megawatts of carbon-free electricity. The transmission system spans approximately 16,100 circuit miles, and the distribution network covers approximately 106,400 circuit miles across a 91,000 square-mile service area. Customer-facing services include the myEntergy online portal, mobile applications, and various energy efficiency programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Generation Services Electric power generation from natural gas, oil, nuclear, solar, hydroelectric, and coal sources with approximately 24,000 megawatts of total generating capacity, serving Entergy's regulated retail and wholesale customers across its four-state service territory.
• Transmission System Services Bulk electric power transmission across approximately 16,100 circuit miles of transmission lines and about 1,300 substations operated at 69 kV to 500 kV over a 114,000 square-mile footprint, operating under MISO regional tariff.
• Electric Distribution Services Last-mile electric distribution across approximately 106,400 circuit miles of distribution lines within the 91,000 square-mile service territory, delivering power to retail customers in Arkansas, Louisiana, Mississippi, and Texas.
• Nuclear Power Generation Carbon-free nuclear electricity generation from five nuclear units producing approximately 5,000 megawatts of capacity across Arkansas Nuclear One, Grand Gulf Nuclear Station, River Bend Station, and Waterford 3, supporting Entergy's net-zero emissions goal.
• Renewable Energy Portfolio Solar, wind, hydroelectric, and biomass renewable energy projects totaling over 5,038 megawatts of capacity in service or development across Arkansas, Louisiana, Mississippi, and Texas.
• myEntergy Customer Portal Online customer portal for residential and business customers to view and pay bills, report outages, monitor energy usage, and manage account services.
• Entergy Mobile App Mobile application available on iOS and Android for managing accounts, viewing and paying bills, reporting outages, and accessing utility services on the go.
• Entergy Solutions Energy Efficiency Programs Energy efficiency programs, incentives, and tools for residential and business customers to reduce energy consumption and lower utility costs.
• Entergy Storm Center Storm preparedness information, safety guidance, and restoration updates provided to customers during severe weather events affecting the Gulf South service territory.
• Wholesale Transmission Services Power delivery to municipalities, cooperatives, and large industrial retail customers including hyperscale data centers under the MISO tariff, including dedicated grid expansion projects.

Quantifiable outcome

• Customer savings of $2 billion+ over 20 years from Meta data center agreement
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, minor and flagship.

• Amazon Web Services (AWS)coreStrategic or Co-development Partner · 12 June 2026$1 billion investment in Clinton, Mississippi transforming former Delphi manufacturing facility into state-of-the-art data center. AWS committed to workforce development programs including STEM education, technical certifications, and pre-apprenticeship programs. Project expected to support at least 100 highly skilled positions.
• Hyundai Steel and PoscocoreStrategic or Co-development Partner · 19 May 2026Entergy signed power supply agreement with Hyundai Steel and Posco for a steel mill in Louisiana. Project marks Hyundai Motor Group's first North American steelmaking venture focused on automotive manufacturing.
• Energy Transfer LPminorStrategic or Co-development Partner · 29 April 202620-year deal with Entergy Louisiana to fuel power plants supporting Meta's AI data center. Energy Transfer supplying natural gas under contract for data center power generation.
• Hut 8minorStrategic or Co-development Partner · 27 April 2026Entergy subsidiary supplying electricity under services agreement for Hut 8's 245-megawatt data center project in St. Francisville, Louisiana tied to Google. Project involves $3+ billion in high-grade bonds.
• Meta PlatformsflagshipStrategic or Co-development Partner · 27 March 2026Meta financing seven new natural gas power plants (5.2 GW), 240 miles of transmission lines, battery storage at three sites, and up to 2.5 GW of renewable energy for its Hyperion AI data center campus in Richland Parish, Louisiana. Total Meta investment approximately $10 billion. Deal expected to deliver $2 billion+ in customer savings over 20 years. MOU signed to explore future nuclear power development.
• Evest LLC (Meta subsidiary)flagshipStrategic or Co-development Partner · 27 March 2026Entergy Louisiana filed for certification to construct 5,278 MW of new generation capacity at $12.9 billion plus $1.4 billion transmission line to serve second data center agreement with Evest LLC, Meta Platforms subsidiary.
• Jackson State UniversityminorStrategic or Co-development Partner · 16 March 2026$500,000 grant established Power Systems Laboratory to train next generation of engineers. Donation helped university receive approval for electrical engineering degree program.
• GooglecoreStrategic or Co-development Partner · 13 March 2026600 MW solar project and 350 MW battery storage facility in Arkansas to power Google's data center operations. Google covering all energy costs under special contract approved by Arkansas Public Service Commission. Part of $4 billion total Google data center investment in West Memphis, Arkansas.
• Ratepayer Protection Pledge Signatories (Amazon, Google, Meta, Microsoft, OpenAI, Oracle, xAI)coreGTM or Marketing Partner · 5 March 2026Seven major AI companies signed White House Ratepayer Protection Pledge committing to cover costs of new power generation and grid infrastructure for data centers without passing costs to residential ratepayers. Supports Entergy's Fair Share Plus framework.
• Alcorn State UniversityminorStrategic or Co-development Partner · 5 March 2026Scholarships for students pursuing careers in radiation health physics. Entergy awarded more than $400,000 in scholarships since 2008. Program graduates are in high demand at Entergy and other nuclear facilities.

Scale indicators15 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Southern Company: Largest US utility by customers in the Southeast/Gulf South with overlapping regulated electric operations, major nuclear fleet (Vogtle 3&4), and active data center load growth strategy in Georgia. Most direct geographic and operational comparable to Entergy.
• NextEra Energy: Largest US utility by market cap, combining regulated FPL operations with the world's largest renewables developer (NextEra Energy Resources). Comparable scale of capital plan, hyperscaler/data center exposure, and integrated generation-transmission-distribution model.
• Duke Energy: Large multi-state regulated electric utility serving the Carolinas, Florida, and Midwest with significant nuclear capacity and active hyperscaler engagement. Comparable regulatory model, capex scale, and data center demand exposure.
• Dominion Energy: Vertically integrated utility with the most concentrated US data center exposure in Northern Virginia. Closely comparable in hyperscaler-driven load growth narrative, large transmission capex program, and mixed generation portfolio including nuclear.
• American Electric Power: One of the largest US electric utilities by transmission miles and service territory across 11 states. Comparable integrated generation/transmission/distribution model with significant capex programs and exposure to data center demand in Ohio, Indiana, and Texas.

Regional players

• DTE Energy: Michigan-based regulated electric and gas utility with growing data center exposure. Smaller scale than Entergy but operates a similar regulated utility business model with multi-year capex plans tied to load growth.
• Xcel Energy: Multi-state regulated electric and gas utility serving eight Midwestern and Western states. Comparable scale of capital plan, diversified generation mix, and active engagement with hyperscalers on data center load.

Broad incumbents

• Vistra Corp: Largest US competitive power generator with significant nuclear and natural gas capacity, including the Energy Harbor acquisition adding nuclear fleet. Comparable generation mix and AI/data center power marketing strategy though operates as an IPP rather than regulated utility.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Entergy
• Facebookfacebook.com/entergy
• LinkedInlinkedin.com/company/entergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Entergy Corporation