New Entergy Louisiana deal requires Meta to cover full service costs, delivering billions in customer savings [Yahoo! Finance]
Entergy Corporation (ETR)
Last entergy corporation earnings: 2/19 06:30 am
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Source: Yahoo! Finance
the utility company says will save Entergy customers about $2 billion over 20 years. The agreement builds on a previously announced partnership and brings total projected customer benefits to about $2.65 billion, according to Entergy Louisiana. The company said the deal is structured so Meta covers its full cost of service, which otherwise would be passed down to existing Entergy customers. RELATED: $10B AI data center coming to Louisiana; could it spike electric bills? Entergy said the project is expected to strengthen grid reliability, support long-term infrastructure investments and help offset fixed costs, including storm-related and resilience expenses that would otherwise fall on existing customers. The agreement also includes additional contributions from Meta, including $120 million, with matching funds, for Entergy's Power to Care program and $140 million for energy efficiency efforts aimed at vulnerable customers. The company said the deal also supports incremental c
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ETR
News
- Entergy (ETR) had its price target raised by Barclays PLC from $96.00 to $118.00. They now have an "overweight" rating on the stock.MarketBeat
- Entergy (ETR) had its price target raised by Mizuho from $112.00 to $120.00. They now have an "outperform" rating on the stock.MarketBeat
- Entergy (ETR) had its price target raised by BMO Capital Markets from $112.00 to $118.00. They now have an "outperform" rating on the stock.MarketBeat
- Meta to fund seven new natural gas power plants to fuel AI data centers — Entergy partnership to deliver 7 gigawatts of power for Louisiana AI facility [Yahoo! Finance]Yahoo! Finance
- Meta's Louisiana data center deal projects $2B in savings [Yahoo! Finance]Yahoo! Finance
ETR
Earnings
- 2/12/26 - In-Line
ETR
Sec Filings
- 3/27/26 - Form ARS
- 3/27/26 - Form DEF
- 3/27/26 - Form DEFA14A
- ETR's page on the SEC website