-----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, ECjSkKyjkZtfzf8w9uwViT9ayZb0ra93C1x/eU2TfdOo3XV8zM3O8ml12Y/m+kJn etnQZYtmNRIBt6haAtGTNw== 0000065984-97-000055.txt : 19971002 0000065984-97-000055.hdr.sgml : 19971002 ACCESSION NUMBER: 0000065984-97-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970923 ITEM INFORMATION: FILED AS OF DATE: 19971001 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY CORP /DE/ CENTRAL INDEX KEY: 0000065984 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 135550175 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11299 FILM NUMBER: 97689562 BUSINESS ADDRESS: STREET 1: 639 LOYOLA AVE CITY: NEW ORLEANS STATE: LA ZIP: 70113 BUSINESS PHONE: 5045295262 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 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH UTILITIES INC DATE OF NAME CHANGE: 19890521 8-K 1 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) September 23, 1997 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) 529-5262 Item 5. Other Information Entergy Corporation As previously reported, a jury verdict in the amount of $346 million was awarded on August 8, 1997, against Entergy Enterprises, Inc. ("EEI") in a lawsuit tried in the Civil District Court in Orleans Parish, Louisiana. The suit was brought by Catalyst Technologies, Inc. against EEI, a wholly- owned subsidiary of Entergy Corporation ("Entergy"), for alleged breach of contract. EEI's position is that a contract with the plaintiff corporation was never consummated and that the damages awarded by the jury were entirely speculative, representing lost profits from an enterprise that never was conducted, and were unsupported by credible evidence produced by the plaintiff at the trial. On September 23, 1997, the trial court entered judgment in the case in the amount of $346 million, plus prejudgment interest in the amount of approximately $118 million. EEI has filed post- trial motions in the case seeking, in the alternative, (i) a new trial, (ii) a judgment notwithstanding the verdict or (iii) a significant reduction in the amount of the damages awarded to the plaintiff. These motions are being briefed by both sides and will be considered by the trial judge. If the trial judge does not issue a ruling favorable to EEI, EEI will appeal the judgment to the Louisiana state appellate court having jurisdiction over the case, and will seek to have the trial court judgment overturned. At its current level, the judgment (including damages plus interest) substantially exceeds EEI's net worth. On September 11, 1997, Entergy has filed an action in Chancery Court in Delaware seeking a declaratory judgment that it is not responsible for the payment of the judgment against EEI. That action is pending. SIGNATURE Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENTERGY CORPORATION By: /s/ Louis E. Buck, Jr. Louis E. Buck, Jr. Vice President, Chief Accounting Officer and Assistant Secretary Dated: October 1, 1997 -----END PRIVACY-ENHANCED MESSAGE-----