Entergy History About

It all started with a handshake, some sawdust and a vision.

About Us

More than a century ago, Harvey Couch had the idea to bring safe, affordable, reliable power to the Middle South — power that would open the door to the modern world for the people and communities we serve. His vision lives on today: delivers electricity to 3 million utility customers in , , and . About

Vision & Mission

Vision Mission

We Power Life. We exist to grow a world-class energy business that creates sustainable value for our four stakeholders.

Customers: constantly striving for reasonable costs and providing safe, reliable products and services.

Employees: provide a safe, rewarding, engaging, diverse and inclusive work environment, fair compensation and benefits, and opportunities to advance their careers.

Communities: create value through economic development, philanthropy, volunteerism and advocacy, and by operating our business safely and in a socially and environmentally responsible way.

Owners: provide top-quartile returns through the relentless pursuit of opportunities to optimize our business. History The Entergy story began with a pile of sawdust succeed. With the fuel source secured, Couch and a handshake. The sawdust belonged to H. H. began work on electrifying the state. How it all Foster, president of the Arkansas Land and Lumber Company. The handshake was between On Dec. 17, 1914, Malvern and Arkadelphia were Began Foster and Harvey Couch, president of Arkansas lit up as the generators at the lumber company Power Company. were turned on for the first time. Now called Arkansas Light and Power Company, Arkansas’ Couch was an entrepreneur who lived in newest endeavor to bring the benefits of electricity Arkansas at the turn of the 20th century. He to the rural South began with two 550 kilowatt invested in a phone company, radio station, generators and 22 miles of transmission lines. railroad and his biggest success, an electric power company. On Nov. 13, 1913, with a Couch’s company grew rapidly. Ten years later, $500,000 line of credit and a franchise to provide he completed construction of the Remmel electricity to the Arkansas towns of Malvern and hydroelectric dam on the Ouachita River. His Arkadelphia, Couch shook hands with H. H. transmission system now covered 300 miles. With Foster for his sawdust. Couch would use sawdust a 9,000-kilowatt generator in place, Couch set his from Foster’s lumber company as fuel to generate sights beyond the state’s boundaries. electricity for his power company. It was a new beginning for Couch and electric service in the Couch began acquiring independent electric state. properties in Jackson, Vicksburg, Columbus and Greenville, Mississippi. His plan was to develop Couch’s goal was to have an integrated electric an interconnected system much like the one in system with numerous sources of power at a Arkansas, but between states. On April 12, 1923, reasonable price. Service reliability was foremost Mississippi Power and Light Company was on his mind. He knew if he could provide a incorporated in Mississippi. reliable product at a good price, he would The fuel and electricity for this new company Elsewhere, the competition to electrify New would come from Louisiana. The Louisiana Power Orleans was fierce. Electric lighting had been Company was formed so Couch could take full introduced there at the 1884 Cotton Centennial advantage of the abundant supply of natural gas Exposition, but high costs, fear and unreliability found in northern Louisiana. In November 1925, were obstacles to electrifying the city. In the early Couch’s Sterlington generating station was placed 1900s, nine separate electric companies online. The largest power plant south of St. Louis, competed in . Nearly all were small, its 30,000-kilowatt capacity was owned by three isolated generators that served limited areas, companies: Arkansas Light and Power, operated on different voltages and used various Mississippi Power and Light, and Louisiana Power kinds of equipment. None were interconnected, Company. even within the city.

At the dedication of the Sterlington plant, Gov. Harvey Parnell of Arkansas said, “Harvey Couch has done more to develop these three states – Louisiana, Arkansas and Mississippi – than any other man.” Couch’s goal of an integrated electric system was becoming a reality. History

Electric Bond and Share: The Competition

Sidney Mitchel worked for Electric Bond and Share Company, which was owned by The Great Depression that began in 1929 brought hard times, reduced sales and . EBASCO was building, financing and operating struggling new shriveling capital markets to utilities. The Electric Power and Light Corporation was electric systems. By the early 1920s Mitchel had acquired all the electrical service in no exception. Then Mississippi Power and Light president Rex Brown described New Orleans and was expanding in other places including Little Rock, Arkansas, and company operations during the era: “Stockholders had to be continually assured that Memphis, Tennessee. their investments were safe. At the same time, they had to be convinced that dividends, while in arrears, would eventually be paid. Our customers, hard-pressed Like Couch, Mitchel knew the only way to grow his company was to expand. Soon for finances as our company, could not pay higher rates or increased utilization. In EBASCO was competing directly with Couch as their expansion overlapped in fact, many discontinued service because they had to choose between electricity and Arkansas and Louisiana. Both men knew that they could not continue competing for food. The meeting of payroll was a continuous nightmare for company officers.” territory, so in 1925 they joined forces, consolidating their properties into one large, interconnected system. The new system was called Electric Power and Light Despite the hardships, Arkansas Power and Light, MP&L, Louisiana Power and Corporation, owned by EBASCO and run by Couch. The system that would become Light, and New Orleans Public Service Inc., the company serving the New Orleans Entergy was born. area, made it through intact. Some of the nation’s largest utilities did not. History

The Public Utility Samuel Insull was Thomas Edison’s business South Utilities Inc., Entergy's former name, was Holding Company Act secretary. He moved to Chicago to build a formed as a holding company for Arkansas Power multilevel utility organization that included holding and Light, Louisiana Power and Light, Mississippi companies, which held other holding companies. Power and Light, and New Orleans Public Service The profit-taking opportunities inherent in his Inc. By special request of New Orleans officials, pyramid scheme set off a national acquisition NOPSI was allowed to keep its gas and transit craze. By 1932, there were eight holding operations in the city. companies controlling 73% of the investor-owned electric business. The scheme collapsed and In MSU’s 1949 annual report, the company’s first public outcry produced the Public Utility Holding president, Edgar Dixon, noted in his letter to Company Act of 1935. shareholders that the year was “one of growth and progress for the companies of the Middle PUHCA broke up the multilevel holding South System.” He reported that the company companies and required them to register with the was paying a dividend of 27.5 cents a share to U. S. Securities and Exchange Commission. The more than 25,000 stockholders “who reside in companies were required to specialize in one every state of the country and in 24 foreign service and relinquish their non-related properties. countries.” At the end of its first year of EBASCO was one of those companies. operations, MSU served over 625,000 customers in more than 1,600 communities. In 1949, EBASCO’s Electric Power and Light Corporation was dissolved. In its place, Middle History

Two Decades of Growth

The 1950s and 1960s were decades of In 1965 the system was hit by Hurricane By the end of the 1960s, Andrus reported in growth and prosperity for the company. Betsy, then the worst storm in the company’s the annual report that the number of Capacity grew with demand and the system history. Betsy destroyed the southeastern customers had grown to more than 1 million. met all challenges and opportunities. The end of the system. In the New Orleans area, Generating capacity, primarily using oil and system’s largest generating station, gas-fired 90% of the system was damaged or gas, had grown, too. But this period of rapid Ninemile Point near New Orleans, came destroyed. All of Louisiana Power and expansion came to an abrupt halt in the online in the 1950s. Little Gypsy, located on Light’s customers in southern Louisiana 1970s as a result of the 1973 OPEC oil the Mississippi River upriver from New were without power. With help from their embargo. Orleans, became the world’s first fully- sister companies and neighboring utilities, automated generating unit in 1961. nearly all customers were restored within The system responded by continuing to nine days. LP&L’s publication, Fifty Years of Edgar Dixon died in 1962 and was Service, noted at the time that Hurricane diversify its fuel mix. In 1970, LP&L succeeded by Gerald Andrus. As Middle Betsy had inflicted “the greatest weather- announced plans for its Waterford 3 nuclear South Utilities’ second president, Andrus’ related damage to a single utility.” unit near Taft, Louisiana. Two years later, first major achievement was the creation of Mississippi Power and Light announced the service company, Middle South Services In 1968, the system entered the nuclear age plans for the Grand Gulf Nuclear Station Inc. (now known as Entergy Services Inc.) in when Arkansas Power and Light was near Port Gibson, Mississippi. The same 1963. The company provided the common granted a construction permit to build year, System Fuels Inc. was formed to buy services, finance, tax, engineering, Unit One near fuel for the entire system. This centralized communications and human Russellville, Arkansas. method of fuel procurement meant lower resources support for all five MSU prices and better rates for consumers. companies. History

Fuel Diversity and Supply

Gerald Andrus retired in 1974, and Floyd Lewis became the third president of Middle station, located near Pine Bluff, Arkansas, made Arkansas Power and Light the first South Utilities. His major task was to deal with the effects of higher fuel prices and system company to use all five major electricity-generation fuel types: oil, gas, coal, uncertain availability. Consumers were quick to respond, and conservation became nuclear and hydroelectric. the order of the day. Five years later, Grand Gulf One entered commercial operation, as did Louisiana The effects of conservation began taking their toll on electricity demand. While the Power and Light’s Waterford 3 nuclear plant. While the customers of LP&L were system was building new plants based on previous forecasts, the demand for responsible for paying for Waterford 3, precisely who would pay for Grand Gulf One additional capacity did not materialize. The system canceled plans for additional and the two-thirds complete Grand Gulf Two was still in question. The system was in units and began marketing efficiency to help customers with rising bills. Some plants the middle of troubled times. could not be canceled, and the public's reaction to paying for these additional units embroiled the system in controversy. In 1980, the system's first coal-fired unit came online. The White Bluff steam electric History To face the challenges ahead, the company officially changed its Competition was not limited to the . In the mid-1990s, name to Entergy Corporation at the annual meeting of Entergy adopted a global vision. The company played a major role stockholders in May 1989. The new name was used to forge a in the Energy Policy Act of 1992. “Our people were an important New Company new direction. The name Entergy is a composite of the words resource to those in Congress who led passage of this milestone “enterprise,” “energy” and “synergy,” three qualities that described legislation, which changed the structure of the electric utility Name, New the company’s new approach to navigating the rapidly evolving industry, along with federal policies governing the generation and marketplace. sale of electric power. We consider the legislation a victory for Direction Entergy,” wrote Edwin Lupberger, chairman and CEO, in the 1992 In the 1990s, change was everywhere. The electric utility industry annual report. began to prepare for open markets and deregulation. Entergy changed to meet the demands of its stakeholders. New The Energy Policy Act provided for wholesale generators, allowed subsidiaries were created to help control costs and increase the Federal Energy Regulatory Commission to order utilities to sell revenues. wholesale power, permitted utility holding companies to own properties in foreign countries and adopted a streamlined process Entergy Operations Inc., and Entergy Power Inc., were born in for licensing nuclear plants. 1990. Entergy Operations streamlined the management of nuclear facilities. Entergy Power was created to tap the growing, With the freedom afforded Entergy by the Energy Policy Act, the potentially lucrative new market of wholesale . company moved beyond the limitations of its four-state service While these new ventures were taking shape, the utility business area and began a major reorganization and expansion effort. It was expanding as well. diversified into several different industries, including energy efficiency, telecommunications and home security. Entergy bought On June 8, 1992, Entergy announced its plan to acquire Gulf or established foreign generation and distribution entities in States Utilities, which provided electric service to customers in Australia, Argentina, Chile, China, Pakistan, Peru and the United southeastern Texas and southwestern Louisiana. It took 19 Kingdom. The company had become a global player in the electric months to work through the merger’s legal and regulatory energy business. But big changes lay ahead. processes.

Entergy emerged as one of the largest electric utilities in the country with more than 2.3 million retail customers and $22.9 billion in assets. The service area for Entergy utilities now encompassed four states and reflected a major step in making the company more efficient and competitive. History

Back to Basics

Disappointing financial performance in 1997 to-basics strategies. The change set Entergy The summer of 2000 was the hottest and and early 1998 led to a change in executive on a path to achieving 13 straight quarters of driest on record. It was followed by severe, leadership. Lupberger resigned in May and better-than-projected earnings, a credit back-to-back ice storms in Arkansas and Bob Luft, a director and retired upgrade and generally positive buy northern Louisiana on Christmas Eve and Dupont executive, became chairman and recommendations from Wall Street analysts New Year's Eve. Both were described as acting chief executive officer. The company across the board. "hundred year" storms. Then, in 2005 headed in a new direction: back to basics. hurricanes Katrina and Rita, among the Entergy's domestic utility business served greatest natural disasters in U.S. history, Taking a long hard look at itself, Entergy 2.7 million customers. In 2000, the company delivered an unprecedented one-two punch decided to focus on its core business. It recorded the biggest improvement in to Entergy's customers and infrastructure in identified the domestic utility business, customer satisfaction in the industry. At the the South. Three years later, hurricanes global power development and nuclear same time, it had the best safety record in Gustav and Ike again tested the company power operations as its three areas of the company's history, with a great decline in and its communities. The year 2009 began emphasis. Within six months, Entergy lost-time accidents. All this was despite the with ice storms in Arkansas that disrupted divested itself of all properties and worst weather the system had ever power to more than 100,000 customers. businesses that did not have a role in these experienced. More recently, the utility companies have three areas. Near the end of the year, a responded to Hurricane Isaac, as well as to major financial turnaround began, and soon The Entergy service area is prone to all severe winter storms and damaging afterward J. Wayne Leonard, who had types of weather. During any given year, the tornadoes. In all cases, employees met the served as president and chief operating system may be exposed to extreme cold and challenges of restoring service and officer, was named CEO. heat, tornadoes, hurricanes, hail, snow, ice improving reliability. storms, high winds, lightning, heavy rains As the new millennium passed without any and flooding. Everything nature has to throw impact on the system, the company at electric utilities happens in the Entergy continued to improve and develop its back- system, sometimes all in the same year. The company's corporate headquarters returned to Louisiana, and announced plans to build the St. In addition, the New Orleans City Council approved New Orleans in mid-2006, after nine months in Charles along the Mississippi River the transfer to Entergy New Orleans of approximately Jackson, Mississippi, as a result of . industrial corridor. The same year, Entergy Wholesale 22,500 electric customers in the Algiers area of New Entergy also announced a new principal-offices Commodities announced the sale of the Rhode Island Orleans who were previously served by Entergy concept designed to locate some business-critical State Energy Center, an approximately 583- Louisiana. functions in other cities. A facility in Hammond, megawatt, natural gas-fired combined- Louisiana, now houses employees working on certain cycle generating plant in Johnston, Rhode Island, that Entergy Corporation and ITC Holdings Corp. financial, human resources and customer billing high- Entergy had purchased in 2011. In 2016 and announced in December 2011 a proposal for Entergy volume transaction processing tasks for customers 2017, Entergy made progress toward adding to and to divest and then merge its electric transmission and employees. The company also located one of its modernizing its power generation fleet: Entergy New business into ITC. In December 2013, the companies two primary computer data centers in Little Rock, Orleans proposed construction of the New Orleans discontinued pursuit of the transaction after some of Arkansas. Power Station in New Orleans East; the Louisiana Entergy's retail regulators declined to approve it. Also Public Service Commission approved construction of at the end of 2013, Entergy successfully completed its In 2005, Entergy added to its fossil generation by the 994-megawatt Lake Charles Power Station, a transition to the Midcontinent Independent System purchasing the dual-unit, 718-megawatt Perryville natural gas-fired combined cycle power plant in Operator regional transmission organization. Plant near Monroe, Louisiana. In 2006, the company Westlake; the Public Utility Commission of Texas purchased the 480-megawatt Attala Energy Facility approved construction of the Montgomery County In January 2019, Entergy began a multiyear near Kosciusko, Mississippi; in 2008, Entergy Power Station, Entergy’s first new generation project deployment of new, advanced meters for customers' purchased both the 322-megawatt Calcasieu in Texas since 1979. homes and businesses. The rollout of meter Generating Facility in southwestern Louisiana and the installations began in Little Rock – about 50 miles Ouachita Plant, a 789-megawatt generating facility At the end of 2007, the Louisiana Public Service from Malvern, Arkansas – where Entergy's history near Monroe, Louisiana. In 2011, the company Commission approved Entergy Gulf States' proposal began in 1913. By the end of 2021, the company completed the acquisition of Unit 2 of the Acadia to divide itself into two separate operating companies plans to deploy advanced meters across our entire Energy Center, a 580-megawatt generating unit in Louisiana and Texas. The separation increased the system to approximately 3 million customers. located near Eunice, Louisiana. In addition, Entergy number of operating companies at the domestic utility Advanced meters facilitate operational efficiencies, purchased the 620-megawatt Hot Springs Energy level from five to six: Entergy Arkansas, Entergy Gulf enable faster outage response, and empower Facility Located near Malvern, Arkansas, and the 450- States Louisiana, Entergy Louisiana, Entergy customers with information to better understand and megawatt Hinds Energy Facility in Jackson, Mississippi, Entergy New Orleans and Entergy Texas. manage their electricity usage. Mississippi. In 2014, the company announced plans to purchase Union Power Station. In 2015, the company In mid-2015, the Louisiana Public Service formally dedicated a new, 550-megawatt natural gas Commission approved Entergy's proposal to combine unit at the existing Ninemile Point Plant in Westwego, Entergy Gulf States Louisiana and Entergy Louisiana. History

Nuclear

Power Having demonstrated its expertise at owning and operating the nuclear plants it built in the South, in In addition to buying and operating plants, the 1998, Entergy formed a nuclear business company also has expertise in decommissioning development group, headquartered in Jackson, nuclear plants. Mississippi, to pursue a growth strategy in areas outside the company’s utility service area. The Entergy Nuclear operates five units in the Entergy group’s goal was for Entergy to become a leading utility service territory including: national operator of plants. • Arkansas Nuclear One Unit One and Unit Two – Russellville, Arkansas The following year, the company purchased • Grand Gulf Nuclear Station – Port Gibson, Boston Edison’s Pilgrim Station, the first ever U.S. Mississippi nuclear plant sale by a utility. Entergy Nuclear • River Bend – St. Francisville, Louisiana then purchased Indian Point Unit 3 (2000) and the • Waterford 3 – Taft, Louisiana James A. FitzPatrick plant (2000) from New York Power Authority, Indian Point Unit 2 from Outside the traditional Entergy utility service area, (2001) and Vermont Yankee the company also owns and operates the Nuclear Power Station from its 12 owner Palisades Power Plant in Covert, . companies (2002). In 2003, Entergy began Entergy also provides management support for providing management services to the near Brownville, Public Power District for its Cooper Nuclear Nebraska. Station. In 2007, Entergy purchased the Palisades Power Plant in Covert, Michigan, from Consumers Energy. History

The company is playing a major role in the relicensing of nuclear 2016, the Federal Energy Regulatory Commission approved plants. In June 2001, the company’s Arkansas Nuclear One Unit Entergy’s sale of FitzPatrick to , and Entergy announced One plant received a new lease on life as the plant was licensed to plans to close Palisades Power Plant in 2018. However, in operate until 2034. This is a major achievement for Entergy and not September 2017, the company revised that plan and announced it only contributes to the company’s power needs, but its other will continue to operate the Palisades Power Plant until spring 2022 initiatives as well. In addition, in December 2018, the NRC renewed under the existing power purchase agreement. In March 2017, the Waterford 3 plant's license to 2044 and the River Bend plant's Entergy completed the sale of FitzPatrick to Exelon. license to 2045. The company now offers license renewal services across the nuclear industry. Adding another 20 years to each In January 2017, the company announced that after more than four plant’s operating license makes sense because nuclear energy is decades of providing New York state with clean, safe and reliable now the lowest cost way to generate electricity – without emitting electricity, it planned to close the Indian Point Energy Center Unit 2 any air pollutants or greenhouse gases that may worsen climate in 2020 and Unit 3 in 2021. The shutdown was part of a settlement change. under which New York state agreed to drop legal challenges and support renewal of the operating licenses for Indian Point. The final In 2013, the company announced plans to close Vermont Yankee operating unit at the site, Unit 3, was shut down by Entergy on April at the end of 2014. Vermont Yankee was removed from the grid 30, 2021. Indian Point Unit 2 was shut down in April 2020. Indian Dec. 29, 2014, marking the end of 42 years of safe, secure and Point Unit 1 was shut down in 1974. In May 2021, the company reliable operations. In the years since then, Entergy has followed a completed the sale of the subsidiaries that own Indian Point Energy strategy to reduce risks and shrink the footprint of the Entergy Center to a Holtec International subsidiary. Wholesale Commodities merchant nuclear power business. In 2015, the company announced plans to permanently close the Pilgrim Nuclear Power Station no later than 2019. In December History

In November 2016, Entergy agreed to sell Vermont Yankee to NorthStar Although Entergy has not yet made a final decision to build a new Group Services for accelerated decommissioning. The U.S. Nuclear nuclear plant, the company’s business development group is working to Regulatory Commission approved the proposed license transfers in preserve the option if nuclear is determined to be the best choice for October 2018. The Vermont Public Utility Commission approved the sale customers and investors. As part of the NuStart consortium, Entergy in December 2018, and the sale was completed in January 2019. In Nuclear in 2008 submitted to the NRC an application for a combined August 2018, Entergy agreed to sell the subsidiaries that own the construction and operating license for a possible new unit at the Grand Pilgrim and Palisades nuclear plants, after their shutdowns and reactor Gulf site. NuStart’s efforts are cost-shared as part of Department of defuelings, to a Holtec International subsidiary for accelerated Energy’s Nuclear Power 2010 program. On its own, Entergy Nuclear in decommissioning. The sales included the transfer of the licenses, spent 2008 applied for a combined construction and operating license for the fuel and nuclear decommissioning trusts, as well as the site of the River Bend site. Currently, Entergy is exploring nuclear plant designs decommissioned Big Rock Point Nuclear near Charlevoix, Michigan, that can be applied to licensing work done to date to best serve the where only the independent spent fuel storage installation remains. The company's customers. transactions were subject to conditions to closing, including NRC approvals of the license transfers. Pilgrim shut down in May 2019. In In 2007, Entergy announced a plan to spin off its non-utility nuclear August 2019, the NRC approved the license transfer to Holtec, and the business and create a new, independent company, Enexus Energy same month, the sale of Pilgrim was completed. Corporation, and EquaGen, a nuclear services joint venture with Enexus. In April 2010, after several regulatory delays and a ruling by the In 2007, the NRC granted the company the early site permit for a New York Public Service Commission to reject the spin-off, Entergy second nuclear unit at Grand Gulf in Port Gibson, Mississippi. An early made the decision to unwind the business infrastructure associated with site permit certifies that the site is suitable for a new nuclear unit and the proposed new companies. resolves many safety and environmental issues related to the site. History

Today and

Beyond Throughout its history, Entergy has been a major In addition to economic concerns, Entergy is heavily source for economic development throughout its involved in environmental and social issues. service territory, which includes some of the nation's Believing that all companies should be good poorest regions. While providing a product vital to corporate citizens, Entergy has pledged to cap expansion, the company also has played an active greenhouse gases by partnering with the role in attracting business and industry to the area. Environmental Defense Fund. In 2001, the company The company’s utilities have announced numerous was the first utility in the United States to voluntarily agreements in recent years to provide power to limit carbon emissions. And in 2021, Entergy manufacturers, gas processing plants and other new announced it is accelerating its climate action goals commercial and industrial sites in the Gulf South. In with a commitment to achieving net-zero carbon the aftermath of hurricanes Katrina and Rita in 2005, emissions by 2050. In addition, the company is Gustav and Ike in 2008, Isaac in 2012, Harvey in working hard on its low-income initiatives to help 2017, a record-breaking series of hurricanes in 2020 poor and fixed-income families with assistance when including Hurricane Laura, and a series of damaging utility bills are higher during extreme cold and heat. winter storms and tornadoes, Entergy companies Entergy leadership is also actively involved with have played a key role in rebuilding infrastructure so helping the Mississippi Delta region, one of the most that communities affected by the storms have the economically deprived in the country, by attracting best chance to revitalize their economies. new business and interest in this untapped resource. In 2007, Entergy sponsored an influential study on Magazine’s Top Utilities in Economic poverty often cited in the national policy debate Development in North America. Leo P. Denault, and announced a renewed commitment to reduce chairman and CEO, has noted that Entergy has a greenhouse gas emissions. During 2008, Entergy "unique opportunity in our utility business to was included in the Forbes list of American's Most power the industrial renaissance that is occurring Trustworthy Companies and received a special in the Gulf South region." Platts Global Energy Award of Excellence for Entergy's "extraordinary track record of standout The Entergy story began with a handshake performances year after year" over the past between two people, and it continues with another decade. The 2009 Sustainability Yearbook handshake – a handshake that is not just a recognized Entergy among the top-scoring 15% of greeting between two businessmen wanting to 2,500 worldwide companies on corporate make a deal, but a grasp between a business and sustainability measurements. In 2015, the its stakeholders. Entergy is reaching out to all company was named to the Dow Jones customers, stockholders, regulators and other Sustainability North American Index and World interested parties to help realize what Harvey Index. Entergy has been included on at least one Couch knew in the earliest days of the company: of those indexes every year since 2002. In 2015, if we are to be successful, we must provide a Corporate Responsibility Magazine again named reliable product at a good price. Entergy works Entergy Corporation as one of the top 100 hard every day at making this happen. corporate citizens in the United States. In 2015, the company was named for the eighth consecutive year as one of Site Selection History

More than a Century of Company history

1913 1914 1922

Harvey Couch Arkansas Power and Light New Orleans Public Service Inc. (NOPSI) president of Arkansas Power Company, and H.H. turns on its generators at the lumber company, Foster, president of Arkansas Land and Lumber, providing electricity to 22 miles of transmission is established as the sole provider of electricity, shake hands on a deal to use Foster’s sawdust as lines throughout Malvern and Arkadelphia. gas and transit service in New Orleans. fuel to generate power. 1915

Couch acquires additional properties and renames the company to Arkansas Power and Light (AP&L). History

1923 1924 1925

Mississippi Power and Light Louisiana Power Company (LPC) Couch sells part of MP&L Company (MP&L) is formed to finance, build and operate the to Electric Power and Light Corporation (EP&L), a Sterlington Generating Station, which will come subsidiary of the Electric Bond and Share is formed. online in a year. Company (EBASCO), a national utility holding company. Couch's companies combine with Remmel Dam in Arkansas becomes Couch's first EBASCO. hydroelectric project. Gulf States Utilities Company (GSUC) is incorporated in Texas. History

1927 1933 1935

Louisiana Power and Light Company EP&L becomes The Public Utility Holding Company (LP&L) Act a founding member of the Edison Electric Institute.

is created as part of EP&L. is enacted, breaking up multilevel holding companies like EBASCO.

1941

Harvey Couch dies. History

1948 1949 1950

The Rex Brown Plant, With headquarters in New York, NOPSI begins construction

named after then MP&L President Rex Brown, is Middle South Utilities Inc. (MSU) is formed as a of A.B. Patterson station to meet six-fold increase completed and becomes the first large source of holding company for AP&L, LP&L MP&L and in the city's electricity demand. electricity generation in Mississippi. NOPSI. Edgar Dixon is named as the first chief executive of the company, which serves over 625,000 customers in more than 1,600 communities in Arkansas, Mississippi and Louisiana.. History

1954 1961 1962

Congress passes the Atomic Energy Little Gypsy Plant Gerald Andrus Act near New Orleans, becomes the world’s first fully succeeds Edgar Dixon as MSU's leader. automated generating unit. allowing private companies to build nuclear plants. History

1963 1965 1967

Middle South Services Inc. Hurricane Betsy AP&L

is formed to provide common services – finance, destroys 90% of the company’s system in New announces plans to build a nuclear plant near tax, engineering, communications and human Orleans, leaving all of LP&L's customers in Russellville, Arkansas. resources – for all five MSU companies. southern Louisiana without power. History

1968 1969 1970

AP&L customers LP&L announces plans AP&L implements

are doubling electricity usage every eight years. for construction of Waterford 3 Steam Electric the nation's first battery-powered bucket truck, Station near Taft, Louisiana, outside New Orleans. replacing bucket arms that worked off the motor of the truck. MSU now serves more than 1 million customers. History

1971 1972 1973

MP&L announces System Fuels Inc. Arab oil embargo occurs,

plans for the Grand Gulf Nuclear Station in Port is formed to centrally buy all fuel for the system resulting in a moratorium on oil- and gas-fired Gibson, Mississippi. plants. plants. History

1974 1975 1979

Arkansas Nuclear One Unit 1 MSU's Forecasters

becomes the first to operate in corporate headquarters moves from New York to predict slower load growth. the Southeast. New Orleans.

Gerald Andrus retires and Floyd Lewis assumes presidency of MSU.

The federal Atomic Energy Commission grants MP&L full construction permits for Grand Gulf in Mississippi. History

1980 1981 1983

White Bluff Plant in Redfield, Grand Gulf Coal-fired Independence Steam Arkansas, Electric Station power and construction cost allocation case is filed with the Federal Energy Regulatory Commission becomes MSU’s first coal-fired unit. begins operation in Newark, Arkansas. (FERC).

Arkansas Nuclear One Unit 2 comes online in MP&L is the first MSU company to sign a Fair Russellville. Share agreement with the NAACP; AP&L soon follows.

NOPSI sells its New Orleans streetcar and bus properties to Regional Transit Authority in the city. History

1984 1985 1987

LP&L and NOPSI sign Fair Share Floyd Lewis retires MSU becomes the first

agreements with the NAACP. and Edwin Lupberger becomes MSU's fourth chief holding company in U.S. to sign Fair Share executive. agreement with the NAACP. A FERC administrative law judge issues an order allocating Grand Gulf power and cost. Grand Gulf and Waterford 3 enter commercial Grand Gulf sets world record for continuous operation. operation of a nuclear plant.

FERC affirms the administrative law judge's allocation of Grand Gulf costs.

MSU omits its stockholder dividend because of financial pressures on the company. History

1989 1990 1992

MSU officially changes Entergy Operations Inc. Energy Policy Act

its name to Entergy Corporation. The name Is established to manage all nuclear facilities as a is passed by Congress, changing the structure of Entergy is a composite of the words “enterprise,” single site. the utility Industry. “energy” and “synergy,” three qualities that described the company’s new approach to Entergy announces plans to acquire Gulf States navigating the rapidly evolving marketplace. Utilities Inc. History

1993 1994 1996

Entergy merges with Gulf States Entergy embarks on a five-year Entergy acquires London Electricity Utilities Company, global expansion plan, in Britain along with CitiPower in Australia, both retail electric companies. adding River Bend Station as its fourth nuclear eventually growing into different industries and site. Entergy now serves more than 2.3 million establishing foreign entities in Australia, South customers. America, China, Pakistan and the United Kingdom. History

1997 1998

Wholesale marketing Edwin Lupberger resigns J. Wayne Leonard

and trading begins through Entergy Power and Bob Luft becomes chairman of the Entergy is named chief executive officer in November. Marketing (subsidiary). board and acting CEO in May.

In order to refocus on its traditional strengths, Entergy employs a back-to-basics strategy and rids itself of its international holdings and noncore domestic businesses.

Entergy begins beating Wall Street's expectations on earnings in the second quarter. History

1999

Entergy's financial picture continues Entergy's northeastern expansion Entergy wins the first EEI

to improve and the company emphasizes begins with the purchase of Pilgrim Nuclear Power Emergency Response Award for Hurricane corporate citizenship. Station in Plymouth, Massachusetts. Georges recovery. The company remains the only utility in the nation to win an EEI Emergency The company's economic development efforts Texas and Arkansas pass constructive legislation Response Award every year they have been on utility competition. focus on the Mississippi Delta, one of the poorest offered. areas of the U.S.

The first Low Income Summit is conducted to help low- and middle-income customers. History

2000

Entergy acquires two nuclear plants The Entergy Charitable Foundation Arkansas and northern Louisiana

in New York: Indian Point Energy Center Unit 3 in is established to focus on low-income initiatives, are hit by two "hundred year" ice storms. An Westchester County and James A. FitzPatrick education and literacy programs. extensive restoration effort – with 10,000 workers Nuclear Power Plant in Oswego County. The on the scene – is mounted by Entergy. The planned merger of Entergy with FPL Group, company also acquires TLG Services Inc., a parent of Florida Power & Light, is announced. Gerald Andrus dies. leader in nuclear power decommissioning.

The company forms a partnership with Shaw The northeast regional nuclear headquarters Group Inc. to form EntergyShaw LLC. is established in White Plains, New York.

Saltend Power Station in Britain begins commercial operation. History

2001

Entergy forms a partnership In agreement with the Environmental Earnings in 2001 break the record Defense Fund, with Koch Industries to form Entergy-Koch LP for annual earnings set by the company in 2000, trading group. marking the 15th consecutive quarter in which the Entergy becomes the country's first U.S. utility to company exceeds the consensus estimate of pledge to hold greenhouse gas emissions to year 2000 financial analysts. Damhead Creek Power Station in Britain begins levels. commercial operation. Saltend Power Station is sold to Calpine. The FERC grants Arkansas Nuclear One Unit 1 a The planned merger with FPL Group is canceled license extension until 2034; Entergy purchases by mutual consent of both companies. Indian Point Unit 2 in Westchester County, New York. History

2002

Entergy earns Entergy purchases Vermont Yankee Entergy and CEO J. Wayne Leonard

the industry's highest honor – the 2002 Edison Nuclear Power Station near Brattleboro, Vermont. capture top Platts/BusinessWeek Global Energy Award – from the Edison Electric Institute. Awards. Entergy signs a contract to provide support and The company purchases majority ownership of management to Cooper Nuclear Station in Entergy becomes the first U.S. utility to buy Top of Iowa Wind Farm, the company's first Nebraska, its first project managing a nuclear geologic carbon sequestration credits. investment in wind power. facility for another company. History

2004 2005

Entergy's high-voltage transmission For the second time, Entergy On August 29,

line beneath the Mississippi River makes power earns the industry's highest honor – the 2005 Hurricane Katrina devastates the Gulf Coast, industry history and increases reliability in the New Edison Award – from the Edison Electric Institute. leaving 1.1 million Entergy customers without Orleans area. power. Twenty-six days later, Hurricane Rita leaves 800,000 Entergy customers in Mississippi,

Entergy-Koch LP trading group is sold to Merrill Louisiana, Texas and Arkansas in the dark. Lynch. The storms knock out power for a record 1.8 million customers combined. Service is restored to The Gulf South Pipeline is sold to TGT Pipeline most customers within a few days, and by Oct. 15, LLC. to all who can safely receive power. History

2006

Entergy's corporate headquarters The company transfers reliability CEO J. Wayne Leonard

returns to New Orleans midyear after a coordination for its transmission system to the is named as chairman of the board. nine months in Clinton, Mississippi, as a result Independent Coordinator of Transmission, after of Hurricane Katrina. The company announces a managing responsibility for reliability in the new principal-offices structure to house some transmission systems of several companies since business-critical functions in additional cities. 1988. History

2007

Entergy acquires Palisades Power Entergy Gulf States Entergy announces Plant, completes its planned separation into Louisiana it will purchase the 322-megawatt Calcasieu and Texas companies. Generating Facility in southwestern Louisiana, and a nuclear generating station in Covert, Michigan. the 789-megawatt Ouachita Plant near Monroe,

The company announces plans to spin off its Louisiana. nonutility nuclear fleet. The company also announces plans to repower the existing natural gas generating unit at the Little Gypsy site in Montz, Louisiana. History

2008

Forbes names Entergy Entergy Gulf States Louisiana LLC Entergy crews from four states

among the 100 Most Trustworthy Companies completes the purchase of the Calcasieu restore power for hundreds of thousands of based on an independent analysis of accounting Generating Facility. customers in Arkansas, Louisiana and Mississippi and governance practices. after separate severe weather outbreaks, including tornadoes, during January, February and April. History

2009

More than 4,000 workers The 2009 Sustainability Yearbook Entergy announces plans

restore power to customers after a severe January recognizes Entergy among the top-scoring 15% of to acquire Acadia Energy Center Unit 2, a 580- ice storm in Arkansas. 2,500 worldwide companies on corporate megawatt generating unit located near Eunice, sustainability measurements. Louisiana. History

2010

The company identifies The company announces As a part of a reorganization,

and stops a source of tritium leakage at its it will unwind the business infrastructure the company forms the Entergy Wholesale Vermont Yankee plant and begins work to support associated with a previously announced plan to Commodities group (EWC) to integrate the the remediation of soil and groundwater at the spin off its nonutility nuclear business. company's nonutility generating assets. site. History

2011

Entergy's 2010 sustainability report The company requests approval Entergy announces plans to

reveals that the company has successfully to build a state-of-the-art natural gas generation divest and merge its electric transmission business completed its second voluntary commitment to unit at its existing Ninemile Point Plant in Louisiana into ITC Holdings Corp. stabilize greenhouse gas emissions at 20% below and completes the acquisition of the Acadia year 2000 levels. Energy Center Unit 2.

The company announces it will seek regulatory EWC purchases the Rhode Island State Energy approval to join the regional transmission Center, an approximately 583-megawatt, natural organization Midwest Independent Transmission gas-fired combined-cycle generating plant. System Operator (MISO). History

2012

Hurricane Isaac leaves more than The company announces Entergy completes all of the retail 787,000 customers without power, regulatory that J. Wayne Leonard will retire as Entergy chairman and CEO and be succeeded by CFO making it the fourth-most significant storm in decisions needed for the six operating companies Leo Denault. Entergy’s history in terms of outages. to join MISO.

The Edison Electric Institute honors Entergy for its Entergy acquires the Hot Springs (Arkansas) and MISO assumes the role of Entergy's independent work restoring power to its customers after Hinds (Mississippi) energy facilities. coordinator of transmission. Hurricane Isaac and to customers of other utilities after Hurricane Sandy. The honor also includes restoration work for the June 2012 derecho weather event. History

2013

After leading the company 14 years The company announces Entergy celebrates

longer than any other CEO in company history, J. its plans to close and begin decommissioning the its 100th anniversary. Wayne Leonard retires in January. Leo Denault, Vermont Yankee plant at the end of 2014. previously Entergy's executive vice president and After more than two years of planning, design and chief financial officer, succeeds Leonard as Entergy and ITC Holdings Corp. announce they implementation, the six operating companies will discontinue the pursuit of a transmission formally begin operations with MISO. chairman and CEO on Feb. 1. spinoff. Entergy is named to the Dow Jones Sustainability North America Index and World Index, the only U.S. electric utility to be included on at least one of those indexes every year since 2002. History

2014

Entergy Louisiana and Entergy Gulf The Ninemile Point 6 Plant, After 42 years of safe and reliable States Louisiana a combined-cycle gas turbine unit in Westwego, operations, Vermont Yankee is removed from the Louisiana, becomes Entergy's newest power plant. grid and will later be sold to NorthStar Group ask the Louisiana Public Service Commission for Services in 2019 for accelerated decommissioning permission to become a single utility. Entergy earns the Edison Electric Institute’s Emergency Recovery Award and Emergency Assistance Award, for Entergy’s exceptional power restoration efforts after a widespread winter storm and tornadoes in December 2012 and its assistance to Alabama Power after severe storms in March 2013. History

2015

In August, Entergy announces The Louisiana Public Service The company decides to Commission plans to build the St. Charles Power Station, a permanently close the Pilgrim power plant no later 980-megawatt combined-cycle generating unit in than 2019. In November, the company approves Entergy’s proposal to combine Entergy Montz, Louisiana, about 30 miles from New announces plans to close the FitzPatrick plant by Gulf States Louisiana and Entergy Louisiana, Orleans. early 2017. effective Oct. 1.

The New Orleans City Council approves the transfer of approximately 22,500 electric customers in New Orleans' Algiers area from Entergy Louisiana to Entergy New Orleans. The transfer is effective Sept. 1. History

2016

Adding nearly 2,000-megawatts The company plans to refuel NorthStar Group Holdings agrees

of generation, three Entergy operating companies the Pilgrim Nuclear Power Station in 2017 to to buy Vermont Yankee from Entergy for close the transaction to buy the Union Power continue supplying power to the New England accelerated decommissioning. Station near El Dorado, Arkansas. region. Plant operations will cease by May 31, 2019. The FERC approves Entergy’s sale of FitzPatrick to Exelon, and Entergy announces plans to close Palisades on Oct. 1, 2018. History

2017 2018

Entergy announces The Public Utility Commission of Entergy agrees to sell Texas plans to close Indian Point Unit 2 in 2020 and Unit the subsidiaries that own the Pilgrim and Palisades 3 in 2021. nuclear plants, after their shutdowns and reactor approves construction of the Montgomery County defuelings, to a Holtec International subsidiary for Power Station, Entergy’s first new generation The Louisiana Public Service Commission accelerated decommissioning. project in Texas since 1979. approves construction of the 994-megawatt Lake Charles Power Station in Westlake. In March Entergy completes the sale of FitzPatrick to Exelon. History

2019

The sale of Vermont Yankee Entergy announces that Indian Point Entergy begins installing

to NorthStar Group Holdings is completed. Units 1, 2 and 3 will be sold to a Holtec advanced meters for its 3 million customers International subsidiary for decommissioning. throughout the service territory. The new technology allows for faster detection of outages Entergy completes the sale of the subsidiary that and greater insight into energy usage. owns the Pilgrim nuclear plant to a Holtec International subsidiary. KeyString Labs launches as the company’s innovation center focused on realizing customer- centric growth opportunities. History

2020

Entergy's St. Charles Parish power Control room operators Entergy Louisiana partners plant at Indian Point Unit 2 shut down the reactor for the with Edison Chouest Offshore to launch Shore final time on April 30, after more than 45 years of Power, the electrification of marine vessels at port is renamed the J. Wayne Leonard Power Station in producing clean, safe and reliable power for New to help more customers access clean electricity in recognition of the late chairman and CEO's legacy York. a cost-effective manner. of environmental leadership and corporate social responsibility. As the COVID-19 pandemic takes a significant toll on communities and economies across the globe, Entergy Louisiana’s Lake Charles Power Station Entergy enhances its local business partnerships begins commercial operation, providing another to play a role in sustaining communities and source of reliable and clean energy to a region that restoring economic prosperity. has seen substantial growth in recent years. History

2020

The Power of Transparent Hurricane Laura makes landfall Entergy commits to achieving Conversations near Cameron, Louisiana, Aug. 27, leaving more net-zero carbon emissions by 2050 by adding than 900,000 customers without power. renewable energy resources and storage, is hosted by the office of the chief executives to investing in its utility-owned nuclear facilities and focus on issues of race and equality in light of collaborating with others to advance innovation current national events. They also discuss the and adopt emerging technologies. company’s next steps in diversity, inclusion and belonging to address these challenges. History

2021

Entergy completes the sale

of Indian Point Energy Center to a Holtec International subsidiary. To be continued We power life. Yesterday, today and tomorrow