ENTERGY CORP /DE/ (ETR) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that ENTERGY CORP /DE/ surfaced in its latest filing.

• Litigation proceeding at FERC regarding inclusion of pre-paid and accrued pension costs in rates under the Unit Power Sales Agreement.
• Effective October 1, 2025, the Unit Power Sales Agreement was amended to remove Entergy Louisiana from entitlement and responsibility to purchase power from Grand Gulf.October 1, 2025
• Grand Gulf's operating license currently expires in November 2044.November 2044
• Entergy has won and collected judgments against the government totaling approximately $1.2 billion through 2025 in spent nuclear fuel litigation.2025
• DOE is in non-compliance with the Nuclear Waste Policy Act of 1982 and in partial breach of spent fuel disposal contracts.
• NRC licensing of the Yucca Mountain repository is effectively at a standstill.
• In 2021, the City Council of New Orleans promulgated a renewable and clean portfolio standard with a goal of net-zero emissions by 2040 and absolute zero emissions by 2050.2021
• The Tax Cuts and Jobs Act of 2017 reduced the federal corporate income tax rate and required Entergy to record a regulatory liability for income taxes payable to customers.2017
• The Inflation Reduction Act of 2022 enacted a corporate alternative minimum tax and expanded federal tax credits for clean energy production.2022
• The One Big Beautiful Bill Act of 2025 altered interest deductibility and capital expenditure expensing and limited certain federal tax credits.2025
• MISO resource adequacy construct has recently undergone significant changes, some subject to pending litigation and appeals.
• Current MISO interconnection queue faces significant delays or periods where no new interconnection requests are accepted.
• MISO's revised collateral and financial requirements for generation interconnections are stricter with larger initial financial obligations.
• Liquidity needs could significantly increase from hurricanes and storms such as Hurricane Katrina, Rita, Gustav, Ike, Isaac, Laura, Delta, Zeta, Winter Storm Uri, and Hurricane Ida.