Entergy (ETR) Breaks Ground on Louisiana Power Plants

Core Insights - Entergy Corporation (NYSE:ETR) is recognized as one of the 11 energy stocks suitable for retirement portfolios [1] - The company has initiated the construction of two combined-cycle combustion turbine generation facilities in Louisiana, which will enhance its natural gas generation capacity by approximately 1.5 GW [3] Group 1: Company Developments - Entergy serves around 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas [2] - The newly approved power plants are expected to provide over $650 million in customer savings over the next 15 years [3] - The projects are anticipated to be operational by late 2028 [3] Group 2: Strategic Initiatives - Phillip May, President and CEO of Entergy Louisiana, emphasized the importance of these facilities in modernizing the generation fleet and ensuring reliable, cost-effective power [4] - The company plans to invest $41 billion from 2026 to 2029 to meet the growing demand driven by the AI boom and data centers [4] - Entergy's data center pipeline has expanded from 7 to 12 gigawatts, reflecting the increasing demand for energy in this sector [4]