[Letterhead of Entergy]                              Exhibit 99.1

                                                        News
                                                        Release





Date:     July 3, 2001

Release:  Immediate

Contact   Carl Crawford (News Media)
          (601) 368-5658
          ccrawfo@entergy.com

          Nancy Morovich (Investor Relations)
          (504) 576-5506
          nmorovi@entergy.com


               Entergy Nuclear Revises Closing Date
                  for Indian Point 2 Acquisition


     New Orleans - Entergy Corporation (NYSE: ETR) today said it

expects to close its acquisition of the Indian Point 2 nuclear

plant in mid-September 2001.  The September closing date reflects

the revised operating license transfer date provided by the

Nuclear Regulatory Commission.  Entergy had previously estimated

that the acquisition of Indian Point 2, a 970 MW nuclear plant

being purchased from Consolidated Edison, would close around mid-

year 2001.

     Entergy confirmed that the revised closing date does not

impact its previously issued earnings guidance for the year 2001.

     The nuclear businesses of Entergy Corporation are

headquartered in Jackson, Miss.  Entergy, a global energy company

based in New Orleans, is the third largest power generator in the

nation with more than 30,000 megawatts of generating capacity,

about $10 billion in annual revenue and nearly 2.6 million

customers.  In addition to the three plants operated by Entergy

Nuclear Northeast, Entergy has operated five power reactors at

four locations in Arkansas, Mississippi and Louisiana under

regulatory jurisdictions for more than 20 years.



                               -30-

           Entergy's on-line address is www.entergy.com.

The  following  constitutes a "Safe Harbor"  statement  under  the
Private  Securities Litigation Reform Act of 1995:  Investors  are
cautioned  that  forward-looking  statements  contained   in   the
foregoing   release  with  respect  to  the  revenues,   earnings,
performance,  strategies,  prospects  and  other  aspects  of  the
business   of   Entergy   Corporation  may   involve   risks   and
uncertainties.  Actual events and results may, for  a  variety  of
reasons, prove to be materially different from those indicated  in
these   forward-looking  statements,  estimates  and  projections.
Factors  that  could  influence  actual  future  outcomes  include
regulatory decisions, the effects of changes in law, the evolution
of  markets  and competition, changes in accounting, weather,  the
performance  of  generating units, fuel prices  and  availability,
financial  markets, risks associated with businesses conducted  in
foreign  countries,  changes in business  plan,  the  presence  of
competitors  with greater financial resources and  the  impact  of
competitive  products  and  pricing; the  effect  of  the  Entergy
Corporation's policies, including the amount and rate of growth of
Entergy  Corporation's  expenses; the  continued  availability  to
Entergy  Corporation of adequate funding sources  and  changes  in
interest   rates;   delays  or  difficulties  in  the  production,
delivery  or  installation  of  products  and  the  provision   of
services;  and  various  legal, regulatory and  litigation  risks.
Entergy Corporation undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of  new
information,  future  events or otherwise.  For  a  more  detailed
discussion  of some of the foregoing risks and uncertainties,  see
Entergy  Corporation's  filings with the Securities  and  Exchange
Commission.