UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
September 6, 2005
Entergy Corporation
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-11299 72-1229752
(Commission File Number) (IRS Employer Identification No.)
639 Loyola Avenue, New Orleans, Louisiana 70113
(Address of Principal Executive Offices) (Zip Code)
504-576-4000
(Registrant's Telephone Number, Including Area Code)
______________________________Not Applicable___________________________
(Former Name or Former Address, if Changed Since Last Report)
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. below):
___ 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 7.01. Regulation FD Disclosure.
On August 29, 2005, Hurricane Katrina hit the coast of Louisiana and
Mississippi, causing widespread power outages and catastrophic damage to
the Gulf South region including portions of Entergy Corporation's (NYSE:
ETR) service territory. Entergy New Orleans, Entergy Louisiana, Entergy
Mississippi, and the Louisiana portion of Entergy Gulf States each has
sustained significant damage to distribution and transmission facilities.
In addition, several fossil units located in the New Orleans area were
flooded. In total, these four operating companies had approximately 1.1
million customers without power immediately following the storm.
Entergy anticipates that this event will influence the financial results of
Entergy Corporation and of these operating companies although estimates of
the effects are not available at this time. For example:
-- Revenues are expected to be lower due to extended outages, customer
losses, and inability to bill and collect revenues for electricity
previously delivered to customers whose property has been destroyed;
-- Capital and other expenditures are expected to be higher due to the
restoration, repair and replacement of damaged equipment and assets; and
-- Regulatory mechanisms may be modified or created to provide for
recovery of restoration costs and lost revenues in a more timely and
complete manner than available under currently-in-place cost recovery
methods.
Entergy Corporation believes it has sufficient liquidity to meet its
current obligations and to fund its restoration efforts from a combination
of cash on hand and its $2 billion revolver. The operating companies have
authority to affect inter-company borrowing through the Entergy System
money pool, and Entergy believes it can obtain authorizations from the
Securities and Exchange Commission and other regulatory bodies to ensure
funding is available at each of its subsidiaries as is necessary.
Until near-term estimates of revenue and expenditure effects are available,
however, Entergy is unable to affirm previously-issued consolidated as-
reported and operational 2005 earnings per share guidance of $4.60 to $4.85
per share for Entergy Corporation. In addition, Entergy is unable to affirm
its 8-10% earnings growth aspiration for 2006 and it expects to revise
previously disclosed estimates of cash flow and cash available to reflect
revenue, cost and recovery outcomes when they can be more accurately
estimated. Finally, Entergy is able to affirm that its $1.5 billion share
repurchase program remains in place, even though the timing of repurchases
under this program may be temporarily delayed.
Over the long term, Entergy continues to aspire to deliver earnings per
share growth in the range of 5-6% through a combination of intrinsic growth
and capital deployment. Entergy will continue to evaluate and consider
multiple alternatives for capital deployment, including investment, share
repurchases and dividend increases.
Entergy Corporation will conduct a teleconference with investors on
Tuesday, September 6, 2005 at 10:00 a.m. CDT to discuss this investor news
release. The teleconference may be accessed by either dialing 719-457-
2730, confirmation code 4901346 no more than 15 minutes prior to the start
time or by visiting www.entergy.com/webcasts. A replay of the
teleconference will be available through September 13, 2005 by dialing 719-
457-0820, confirmation code 4901346.
Due to interruptions in communications systems in the Gulf South Region,
Entergy Investor Relations personnel have established temporary contact
information as follows:
Primary Contact: Michele Lopiccolo 501/607-3557
Secondary Contacts: Paul LaRosa 850/855-1251
Paula Waters 318/245-8637
In this filing and from time to time, Entergy makes statements concerning
its expectations, beliefs, plans, objectives, goals, strategies, and future
events or performance. Such statements are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Although Entergy believes that these forward-looking statements and the
underlying assumptions are reasonable, it cannot provide assurance that
they will prove correct. Except to the extent required by 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, and there are factors that could cause
actual results to differ materially from those expressed or implied in
these statements. Some of those factors include, but are not limited to:
resolution of pending and future rate cases and other proceedings at local
and federal regulatory agencies, Entergy's ability to manage its operation
and maintenance costs, particularly at its non-utility nuclear generating
facilities, the performance of Entergy's generating plants, and
particularly the capacity factor at its nuclear generating facilities,
prices for power generated by Entergy's unregulated generating facilities,
and the prices and availability of power Entergy must purchase for its
utility customers, uncertainty regarding establishment of sites for spent
nuclear fuel storage and disposal, Entergy's ability to develop and execute
on a point of view regarding prices of electricity, natural gas, and other
energy-related commodities, changes in the financial markets, particularly
those affecting the availability of capital and Entergy's ability to
refinance existing debt, execute its share repurchase program, and fund
investments and acquisitions, actions of rating agencies, including changes
in the ratings of debt and preferred stock, Entergy's ability to purchase
and sell assets at attractive prices and on other attractive terms, changes
in utility regulation and in regulation of the nuclear industry, the
success of Entergy's strategies to reduce tax payments, and the effects of
litigation and weather, including Entergy's efforts to remediate the
effects of Hurricane Katrina.
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: September 6, 2005