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.

• Tax Cuts and Jobs Act of 2017 reduced federal corporate income tax rate, limited interest deductions, and altered expensing of capital expenditures, leading to regulatory liability for income taxes payable to customers.2017
• Inflation Reduction Act of 2022 enacted new corporate alternative minimum tax and expanded federal tax credits for clean energy production; Entergy may become subject to corporate alternative minimum tax beginning in next one to three years.2022
• One Big Beautiful Bill Act of 2025 further altered interest deductibility and expensing of capital expenditures, adopted 'foreign entity of concern' rules that could limit certain federal clean energy tax credits, and further limited federal tax credits for wind and solar facilities.2025
• Hurricane Katrina and Hurricane Rita caused significant storm restoration costs.2005
• Hurricane Gustav and Hurricane Ike caused significant storm restoration costs.2008
• Hurricane Isaac caused significant storm restoration costs.2012
• Hurricane Laura, Hurricane Delta, and Hurricane Zeta caused significant storm restoration costs.2020
• Winter Storm Uri and Hurricane Ida caused significant storm restoration costs.2021
• Unit Power Sales Agreement for Grand Gulf nuclear facility amended effective October 1, 2025 to remove Entergy Louisiana as purchaser and adjust other Utility operating companies' entitlements.2025-10-01
• Unit Power Sales Agreement for Grand Gulf nuclear facility is currently subject to litigation at FERC regarding inclusion of pre-paid and accrued pension costs in rates.
• Grand Gulf nuclear facility operating license expires in November 2044.2044-11-01
• Entergy has sued the DOE for breach of spent fuel disposal contracts under the Nuclear Waste Policy Act of 1982 and has won and collected judgments totaling approximately $1.2 billion through 2025; continues to be involved in litigation to recover damages.1982
• DOE is in non-compliance with the Nuclear Waste Policy Act of 1982 and in partial breach of its spent fuel disposal contracts.1982
• NRC licensing of the Yucca Mountain repository is effectively at a standstill.
• 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.
• System Energy owns a 90% ownership/leasehold interest in the Grand Gulf nuclear facility.