Company demonstrates progress on its climate
commitments and a sustainable energy transition for the benefit of
all stakeholders
NEW
ORLEANS, April 3, 2024 /PRNewswire/ -- Today,
Entergy announced its 2023 Performance Report, titled "Energy for a
Better Future." This detailed report integrates a comprehensive
overview of the company's 2023 achievements, including financial
results with economic, environmental, governance, and social
performance and impacts. Entergy's strategic approach, outlined in
the report, is designed to drive growth, enhance sustainability and
build a more resilient system for the benefit of all our
stakeholders.
"As we build upon a successful 2023, Entergy is well-positioned
to amplify our impact and power life in the years ahead," said
Drew Marsh, Entergy's chair and
chief executive officer. "Our proactive investments in
customer-centric solutions, including system resilience, clean
energy and renewables, demonstrate our dedication to meeting
evolving customer and community needs. We are nurturing a workforce
that not only supports our growth and investments but also mirrors
the vibrant diversity of the communities we serve, paving the way
for a sustainable energy transition and a brighter future."
Highlights from 2023 include:
- A customer-centric focus. We're committed to creating
sustainable value for our customers, employees, communities and
owners. Over the next three years, we plan to invest nearly
$19.8 billion in the energy delivery
system for the benefit of our customers. Affordability for our
customers remains a priority, and we're actively pursuing ways to
manage bill growth through programs like the federal Low Income
Home Energy Assistance Program and other solutions.
- Creating a cleaner energy future. We continue to make
progress on our commitment to net-zero greenhouse gas emissions by
2050. We achieved 23% toward our 2030 goal of 50% carbon-free
capacity and our utility carbon dioxide emission rate is 38% lower
than in 2000, inclusive of purchased power. And approximately 1,900
megawatts of renewable energy projects are approved and in
development.
- Fostering a diverse and talented workforce. We strive to
foster an inclusive workforce culture that values a diversity of
ideas, backgrounds, perspectives and skills. We're working to
increase the diversity of our workforce and management through
long-term effective strategies to attract, develop and retain
females and racially/ethnically underrepresented employees while
maintaining our commitment to hiring the most qualified
candidates.
- Empowering our communities. Our commitment to corporate
social responsibility resulted in an economic impact of nearly
$140 million for our customers and
communities. Through strategic community partnerships, we
implemented a range of initiatives aimed at addressing poverty,
promoting education and workforce development, providing financial
assistance to vulnerable customers, improving our communities and
caring for the environment. Our dedicated employees played a
pivotal role in our economic impact, contributing more than 120,000
hours of volunteer service valued at $3.8
million across our service areas.
- Expanding our region's economic
impact. Entergy helped attract or expand 63 economic
development projects to our utility service area representing a
capital investment in local communities of more than $17.7 billion and 3,316 new jobs in our
region.
- Delivering on our financial commitments. Financially, we
again delivered steady, predictable financial growth that benefited
our stakeholders. We grew our quarterly dividend per share by
approximately 6% and we finished in the top half of our guidance
range. This was the eighth year in a row that our financial results
have come in above our guidance midpoint.
Explore the report to see our progress and learn how we
provide energy for a better future.
About Entergy
Entergy (NYSE: ETR) is a Fortune 500 company that powers life
for 3 million customers through our operating companies in
Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and
resilience of the energy system while helping our region transition
to cleaner, more efficient energy solutions. With roots in our
communities for more than 100 years, Entergy is a nationally
recognized leader in sustainability and corporate citizenship.
Since 2018, we have delivered more than $100
million in economic benefits each year to local communities
through philanthropy, volunteerism and advocacy. Entergy is
headquartered in New Orleans,
Louisiana, and has approximately 12,000 employees. Learn
more at entergy.com and follow @Entergy on social media.
#WePowerLife
Forward-looking information
Entergy's statements concerning its environmental plans, goals,
beliefs and expectations, including statements regarding its
capital plans and climate transition goals or commitments, and
other statements of Entergy's plans, beliefs, or expectations
included in this news release are "forward-looking statements"
which apply only as of the dates indicated. Forward-looking
statements are subject to a number of risks, uncertainties and
other factors that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements,
including, among other things, uncertainties associated with
regulatory proceedings and other cost recovery mechanisms;
operation and relicensing of nuclear facilities; major storms and
other catastrophic events; risks associated with executing on our
business strategies; effects of changes in laws, regulations or
policies; risks and uncertainties associated with executing on
business strategies; the effects of technological change, including
the costs, pace of development and commercialization of new and
emerging technologies, uncertainties and other factors discussed in
Entergy's most recent Annual Report or Form 10-K and subsequent
reports and filings made under the Securities Exchange Act of
1934.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/energy-for-a-better-future-entergy-releases-2023-performance-report-302107247.html
SOURCE Entergy Corporation