-----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, H7nbIyYVof4Mhfu8Ew+2ZlrkjWt0O3Jtm0TJvH0HqB3ZPmYAGkAvSyi6sU8PDP6p /n0veRuJeRFcb2jyjoCsww== 0000065984-10-000125.txt : 20100719 0000065984-10-000125.hdr.sgml : 20100719 20100719103042 ACCESSION NUMBER: 0000065984-10-000125 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100719 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100719 DATE AS OF CHANGE: 20100719 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: 10957649 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: ENTERGY CORP /FL/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY GSU HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH UTILITIES INC DATE OF NAME CHANGE: 19890521 8-K 1 a03710.htm a03710.htm

UNITED STATES
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) July 19, 2010


Commission
File Number
Registrant, State of Incorporation,
Address and Telephone Number
 
I.R.S. Employer
Identification No.
1-11299
ENTERGY CORPORATION
(a Delaware corporation)
639 Loyola Avenue
New Orleans, LA 70113
Telephone (504) 576-4000
 
72-1229752

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[ ]      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 2.02.                      Results of Operations and Financial Condition

The information in this Current Report on Form 8-K, including the exhibits, is being furnished, not filed, under Item 2.02.

On July 19, 2010, Entergy Corporation issued a public announcement, which is attached as Exhibit 99.1 hereto and incorporated herein by reference.


Item 9.01.                      Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
Description
99.1
Release, dated July 19, 2010, issued by Entergy Corporation
99.2
Statement on Uses and Usefulness of Non-GAAP Information





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/ Theodore H. Bunting, Jr. 
 
Theodore H. Bunting, Jr.
Senior Vice President and
Chief Accounting Officer
 
   
   
 
 

Dated:  July 19, 2010



EX-99.1 2 a03710991.htm a03710991.htm

Entergy Corporation
639 Loyola Avenue
New Orleans, LA 70113
 
 


News
Release
 
 Date:  July 19, 2010  
     
 For Release:  Immediate  
     
 Contact:
 
 
 Michael Burns (Media)
(504) 576-4238
mburns@entergy.com
 Paula Waters (Investor Relations)
 (504) 576-4380
pwater1@entergy.com
 
 
 
Entergy Provides Preliminary Second Quarter Earnings Guidance

New Orleans, La. – Entergy Corporation (NYSE: ETR) today indicated that it expects second quarter 2010 as-reported earnings of approximately $1.64 per share and operational earnings of approximately $1.70 per share compared to as-reported results of $1.14 per share and operational results of $1.23 per share in second quarter 2009. Entergy also affirmed its previously issued earnings guidance ranges for 2010.
 
As-reported results are prepared in accordance with generally accepted accounting principles and are comprised of operational earnings (described below) and special items. The special items included in both second quarter 2009 and 2010 as-reported results are due to expenses associated with the previously planned spin-off of the non-utility nuclear business. Charges in 2010 also include costs in connection with the unwind of the business infrastructure created for Enexus Energy Corporation and EquaGen LLC announced in April.
 
The second quarter 2010 earnings improvement was driven by higher earnings at Utility and Entergy Nuclear, which was partially offset by lower results at Parent & Other. Second quarter 2010 earnings also reflected accretion from Entergy’s share repurchase programs.

- more-
 
 

 
Entergy News Release: Entergy Provides Preliminary Second Quarter Earnings Guidance
Page 2
July 19, 2010
 


Utility
 
The increase in Utility operational earnings in second quarter 2010 was driven by higher net revenue due to increased sales volumes across all customer classes, including the effect of warmer-than-normal weather. Also contributing to the positive Utility net revenue variance was the effect of previous rate actions and the absence of a regulatory charge recorded in the prior year period. Partially offsetting higher Utility net revenue was an increase in interest expense.
 
Entergy Nuclear
 
The quarter-over-quarter increase in operational earnings at Entergy Nuclear was due primarily to higher net revenue and other income, partially offset by an increase in non-fuel operation and maintenance expense. Entergy Nuclear’s higher net revenue reflected an increase in generation due to fewer planned and unplanned outage days, partially offset by lower pricing. Planned refueling outages occurring at two plants totaled 40 days in the second quarter compared to 78 refueling outage days at three plants a year ago. The increase in other income resulted from the absence of significant impairments associated with decommissioning trusts recorded in second quarter 2009.
 
Parent & Other
 
Parent & Other’s results declined during the quarter due primarily to higher income tax expense on Parent & Other activities.
 
Earnings Guidance
 
Entergy affirmed its earnings guidance ranges of $5.95 to $6.80 per share on an as-reported basis and $6.40 to $7.20 per share on an operational basis for 2010. As-reported earnings guidance, which was revised in April 2010, includes a special item for the potential charge in connection with the previously announced business unwind of the internal organizations created for Enexus and EquaGen as well as expenses for spin-off dis-synergies and outside services to pursue the spin-off.

- more-
 
 

 
Entergy News Release: Entergy Provides Preliminary Second Quarter Earnings Guidance
Page 3
July 19, 2010
 

           A teleconference will be held at 10 a.m. CT on Tuesday, Aug. 3, 2010, to discuss Entergy’s second quarter 2010 earnings announcement, and may be accessed by dialing (719) 457-2080, confirmation code 1327346, no more than 15 minutes prior to the start of the call. The call and presentation slides can also be accessed via Entergy’s website at www.entergy.com. A replay of the teleconference will be available for seven days thereafter by dialing (719) 457-0820, confirmation code 1327346.
 
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and more than 15,000 employees.
 
-30-
Additional investor information can be accessed online at
www.entergy.com/investor_relations.
 
In this news release, and from time to time, Entergy Corporation makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed in:  (i) Entergy’s Form 10-K for the year ended December 31, 2009, (ii) Entergy’s Form 10-Q for the quarter ended March 31, 2010, and (iii) Entergy’s other reports and filings made under the Securities Exchange Act of 1934, (b) uncertainties associated with rate proceedings, formula rate plans and other cost recovery mechanisms, (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration cost s, (d) nuclear operating and regulatory risks, and (e) legislative and regulatory actions, and conditions in commodity and capital markets during the periods covered by the forward-looking statements, in addition to other factors described elsewhere in this release and in subsequent securities filings.


EX-99.2 3 a03710992.htm a03710992.htm
Exhibit 99.2

STATEMENT ON USES AND USEFULNESS OF NON-GAAP FINANCIAL MEASURES

 
Exhibit 99.1 to this Report on Form 8-K (the "Pre-Release") contains the non-GAAP financial measure of operational earnings per share.  Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with United States generally accepted accounting principles, or GAAP. Pursuant to the requirements of Regulation G, Entergy has provided quantitative reconciliations within the Pre-Release of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
 
Operational earnings per share is not calculated in accordance with GAAP because it excludes the impact of "special items".  Special items reflect the impact on earnings of events that are less routine, are related to prior periods, or are related to discontinued businesses.  Management believes the discussion of operational earnings provides useful information to investors in evaluating the ongoing results of Entergy's businesses and assists investors in comparing the company's operating performance to the operating performance of others in the energy sector. Entergy management frequently references operational earnings in its decision-making, using that measure to facilitate historical and ongoing performance comparisons as well as comparisons to the performance of peer companies.
 
The non-GAAP information in the Pre-Release is used in addition to, and in conjunction with, results presented in accordance with GAAP.  The non-GAAP information should not be relied upon to the exclusion of GAAP financial measures.  The non-GAAP information reflects an additional way of viewing aspects of our operations that, when viewed with our GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, may provide a more complete understanding of factors and trends affecting our business.  Investors are strongly encouraged to review our consolidated financial statements and publicly filed reports in their entirety and to not rely on any single financial measure.  Non-GAAP information is not standardized; therefore, it may not be possible to compare this information with other compani es' non-GAAP financial measures having the same or similar names


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