CEO says Entergy will thrive on industrial boom
By JEFF AMYAssociated Press
JACKSON, Miss. (AP) - Entergy Corp. CEO Leo Denault sees a bright future for the multi-state utility, thanks to industrial growth along the Gulf Coast.
Denault, speaking Friday at the company's annual meeting in Jackson, Mississippi, said Entergy should achieve above-average growth in the near term, thanks to an industrial boom powered by low natural gas prices.
New Orleans-based Entergy has counted 85 announced industrial projects worth $65 billion across its territory in Louisiana, Arkansas, Mississippi and Texas. Though many rely on natural gas, Denault says Entergy can sell large amounts of electricity to new and expanding industries.
Denault says that despite disputes over how much power can be shipped between Entergy's territory and the Midwest, he believes Entergy ratepayers will reap full benefits of the company joining the Midcontinent Independent System Operator.Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.