EX-99 3 a12401991.txt Entergy Corporation 639 Loyola Avenue New Orleans, LA 70113 News Release Exhibit 99.1 Date: September 26, 2001 For Release: Immediate Contact: Yolanda Pollard (Media) Nancy Morovich (Investor Relations) 504-576-4238 504-576-5506 ypollar@entergy.com nmorovi@entergy.com Entergy Offers Third Quarter Earnings Guidance (New Orleans, La.) - In accordance with Regulation FD, Entergy Corporation (NYSE: ETR) today indicated that it expects third quarter 2001 operational earnings to meet or exceed current published First Call consensus estimate of $1.17 per share, excluding the impact of weather which is expected to be below normal for the quarter. Entergy noted that it expects Entergy Nuclear to turn in solid results compared to the third quarter of 2000 due to the addition of assets acquired over the previous year (Indian Point 2, Indian Point 3 and FitzPatrick nuclear plants). Entergy's merchant energy businesses, Entergy-Koch and Entergy Wholesale Operations, are expected to contribute improved trading results compared to the same period last year, offset by the absence of liquidated damages which were recorded in the third quarter 2000 due to construction delays on the Saltend project. Results at Utility and Parent are expected to be lower than the same period of 2000 due to lower sales volume driven by a weaker economy and lower investment income. Entergy News Release: Entergy Offers Third Quarter Earnings Guidance September 26, 2001 Page 2 Entergy reaffirmed its operational earnings guidance for the full year 2001, estimated to be in a range of $3.00 to $3.20 per share, excluding the impact of weather. Guidance for 2002 was also reaffirmed to be in the range of $3.30 to $3.50 per share. A teleconference will be held on October 22, 2001 at 10:00 a.m. CDST, and may be accessed by calling Premiere Conferencing at (719) 457-2621 no more than 15 minutes prior to the start of the call. The confirmation number is 705488. Internet users may also access the teleconference by visiting Entergy's website at www.entergy.com. For seven days following the teleconference, a tape delay will be available and may be accessed by dialing 719-457- 0820. The confirmation number is the same. Entergy is a major global energy company with power production, distribution operations and related diversified services. Entergy owns, manages, or invests in power plants generating more than 30,000 megawatts of electricity domestically and internationally, and delivers electricity to about 2.6 million customers in portions of Arkansas, Louisiana, Mississippi and Texas. Through Entergy-Koch, L.P., it is also a leading provider of wholesale energy marketing and trading services. -30- Entergy's online address is www.entergy.com. Entergy News Release: Entergy Offers Third Quarter Earnings Guidance September 26, 2001 Page 3 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.