-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ICCHFtWy4VFVrGZScdJWdVcUjrFRMAfBeG82+nKxPbdpLGT5hKHQh00Ry4Gl+Jws JqKTqOq07+ayyGDt9JrDmg== 0000065984-02-000202.txt : 20021007 0000065984-02-000202.hdr.sgml : 20021007 20021007110131 ACCESSION NUMBER: 0000065984-02-000202 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021007 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY CORP /DE/ CENTRAL INDEX KEY: 0000065984 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 721229752 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11299 FILM NUMBER: 02782846 BUSINESS ADDRESS: STREET 1: 639 LOYOLA AVE CITY: NEW ORLEANS STATE: LA ZIP: 70113 BUSINESS PHONE: 5045764000 MAIL ADDRESS: STREET 1: PO BOX 61000 CITY: NEW ORLEANS STATE: LA ZIP: 70161 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH UTILITIES INC DATE OF NAME CHANGE: 19890521 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY GSU HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY CORP /FL/ DATE OF NAME CHANGE: 19940329 8-K 1 a18602.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date earliest event reported) October 7, 2002 Commission Registrant, State of Incorporation, I.R.S. Employer File Number Address and Telephone Number Identification No. 1-11299 ENTERGY CORPORATION 72-1229752 (a Delaware corporation) 639 Loyola Avenue New Orleans, Louisiana 70113 Telephone (504) 576-4000 Form 8-K Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits (c) Exhibits. Exhibit Description No. 99.1 Release, dated October 7, 2002, issued by Entergy. Item 9. Regulation FD Disclosure Entergy Corporation On October 7, 2002, Entergy Corporation ("Entergy") issued a release to certain investors, which is attached as an exhibit hereto and incorporated herein by reference. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Entergy Corporation By: /s/ Nathan E. Langston Nathan E. Langston Senior Vice President and Chief Accounting Officer Dated: October 7, 2002 EX-99 3 a18602991.txt [Logo of Entergy] Entergy Corporation 639 Loyola Avenue New Orleans, LA 70113 Exhibit 99.1 News Release Date: October 7, 2002 For Release: Immediate Contact: Morgan Stewart (Media) Nancy Morovich (Investor Relations) (504) 576-4238 (504) 576-5506 mstewa3@entergy.com nmorovi@entergy.com Entergy Releases Third Quarter Earnings Guidance, Increases 2002 Full-Year Guidance New Orleans, La. - In accordance with Regulation FD, Entergy Corporation (NYSE: ETR) today indicated that it expects to report third quarter 2002 financial results of at least $1.45 in operational earnings per share, including the impact of weather which was milder than normal during the period. This level of earnings exceeds the current First Call consensus estimate of $1.35 per share. In addition, Entergy increased its operational earnings guidance for full year 2002 from the previous range of $3.40 to $3.60 to the revised range of $3.60 to $3.70 per share and reaffirmed its full year 2003 guidance at $3.75 to $3.95 per share. Entergy noted that it expects Utility results to be improved over third quarter 2001 due in part to higher sales volumes reflecting continued improvement in the regional economy. Entergy Nuclear is also expected to record increased results compared to third quarter 2001 due to a full quarter's contribution from the Indian Point 2 nuclear plant in Buchanan, N.Y., acquired in September 2001, as well as two months of contribution from the Vermont Yankee nuclear plant located near Brattleboro, VT., acquired in July 2002. Third quarter 2002 results at Energy Commodity Services are expected to be comparable to the same quarter a year ago when combined power and gas trading produced very strong results. Third quarter 2002 earnings are expected to benefit from increased profitability in trading across all products including power, gas, and weather. Energy Commodity Services includes the operations of Entergy-Koch, the company's provider of wholesale energy marketing and trading services, and Entergy's non- regulated wholesale assets. Results at Parent & Other are expected to be improved compared to third quarter 2001 due to decreased operating and interest expenses. On an as reported basis, earnings for third quarter 2002 are expected to be positively impacted by a special item of approximately $0.10 per share. This special item is primarily associated with a gain recorded on the sale of two development projects in Spain. Entergy raised its 2002 full year guidance to a range of $3.60 to $3.70 per share to reflect year to date disproportionate sharing of income from the Entergy-Koch venture and the year to date impact of weather. Entergy recorded substantially all of the partnership income from the Entergy-Koch venture in the first and second quarters of 2002, and is expected to again receive a disproportionate share of income in the third quarter. Entergy recorded $0.03 per share in operational earnings through second quarter 2002 due to favorable weather, but expects milder than normal temperatures during the third quarter to more than offset this amount. Entergy's previously stated guidance for 2002 assumed normal weather and a 50 percent share of income from Entergy-Koch. Entergy's reaffirmed 2003 earnings guidance continues to be based upon assumptions of normal weather and a 50 percent share of Entergy-Koch partnership income. A teleconference will be held on October 30, 2002, at 10:00 a.m. CST, and may be accessed by calling Premiere Conferencing at (719) 457-2641 no more than 15 minutes prior to the start of the call. The confirmation number is 737934. Internet users may also access the teleconference and view presentation slides by visiting Entergy's website at www.entergy.com/webcasts. 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 Corporation, with annual revenues of nearly $10 billion, is a major integrated energy company engaged in power production, distribution operations, and related diversified services, with more than 15,000 employees. Entergy owns, manages, or invests in power plants generating more than 30,000 megawatts of electricity domestically and internationally, is the second largest U.S. nuclear generator, 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, as well as an operator of natural gas pipeline and storage facilities. -30- Additional investor information can be accessed online at www.entergy.com/earnings 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. -----END PRIVACY-ENHANCED MESSAGE-----