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Stock impact report

Entergy seeks $237M in tax relief for Meta data center [Yahoo! Finance]

Entergy Corporation (ETR) 
Last entergy corporation earnings: 2/19 06:30 am Check Earnings Report
US:NYSE Investor Relations: entergy.com/investor_relations
Company Research Source: Yahoo! Finance
center in the northeast portion of the state, filing for a property tax exemption worth an estimated $237 million over 10 years. Entergy's application under the state's Industrial Tax Exemption Program would waive local property taxes on a new natural gas-fired power facility to serve Meta's operations, according to records obtained by The Center Square. The Titanium Power Station is expected to include two combined-cycle combustion turbines capable of producing 1,500 megawatts of electricity for the massive data center. Building this infrastructure, which the state has deemed an "investment," will exceed $2.3 billion. Entergy has said Meta will pay to build the power station. Entergy has said the deal with Meta will save ratepayers $650 million over 15 years. "The new generation resources being added to Entergy Louisiana's system will be among the most efficient in the state, providing additional fuel savings and long-term reliability benefits for customers statewide," Enterg Show less Read more
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