8-KEarnings & ResultsRegulation FDOther Events+1

ENTERGY CORP /DE/ 8-K Report, Financial Results (Jan 19, 2006)

Filed January 19, 2006For Securities:ETR

Summary

This 8-K filing from Entergy Corporation and its subsidiary Entergy Mississippi, dated January 19, 2006, primarily provides updated financial information and disclosures. For Entergy Corporation, the filing includes a public announcement (Exhibit 99.1) regarding its operations and financial condition, alongside a statement on the uses and usefulness of non-GAAP information (Exhibit 99.3). Concurrently, Entergy Mississippi is distributing a free writing prospectus (Exhibit 99.2) detailing its results of operations for the year ended December 31, 2005. A significant component of this report is the announcement of refined estimates for storm restoration and business continuity costs related to Hurricanes Katrina and Rita, totaling approximately $1.5 billion across its various operating companies. The estimated storm restoration costs are broken down by subsidiary, with Entergy Gulf States (Texas jurisdiction) anticipating $380 million and Entergy Louisiana Holdings/Entergy Louisiana, LLC estimating $510 million. These figures are preliminary and do not account for potential recoveries through insurance, federal assistance, or regulatory bodies. Investors should note that the forward-looking statements included in the filing carry inherent risks and uncertainties, as detailed in the report, which could impact actual future results.

Key Highlights

  • 1Entergy Corporation issued a public announcement on January 19, 2006, regarding its financial condition and results of operations.
  • 2Entergy Mississippi will distribute a free writing prospectus detailing its year-end 2005 results of operations.
  • 3Entergy announced refined estimates for storm restoration and business continuity costs related to Hurricanes Katrina and Rita, totaling approximately $1.5 billion.
  • 4The estimated storm costs are allocated across several subsidiaries, with Entergy Gulf States (Texas) at $380 million and Entergy Louisiana Holdings/LLC at $510 million.
  • 5These cost estimates do not include potential offsets from insurance, federal assistance, or regulatory recovery initiatives.
  • 6The filing includes a statement on the uses and usefulness of non-GAAP information provided by Entergy Corporation.
  • 7The report contains forward-looking statements subject to risks and uncertainties that could materially affect actual results.

Frequently Asked Questions

Entergy has refined its estimates for storm restoration and business continuity costs related to Hurricanes Katrina and Rita, totaling approximately $1.5 billion across its operating companies.

No, these are refined estimates and do not include other potential incremental losses that cannot be estimated at this time. They also do not account for any offsets for recovery initiatives such as insurance reimbursement, federal assistance, and regulatory recovery from the Federal Energy Regulatory Commission and local regulatory bodies.

The most significant estimated costs are for Entergy Louisiana Holdings and Entergy Louisiana, LLC ($510 million), Entergy Gulf States in Texas ($380 million), and Entergy New Orleans ($275 million).

The free writing prospectus from Entergy Mississippi is being distributed to certain investors to provide information regarding Entergy Mississippi's results of operations for the year ended December 31, 2005.