Entergy Corporation
639 Loyola Avenue
New Orleans, LA 70113
News
Release
Exhibit 99.1
Date: September 26, 2001
For Release: Immediate
Contact: Yolanda Pollard (Media) Nancy Morovich (Investor Relations)
504-576-4238 504-576-5506
ypollar@entergy.com nmorovi@entergy.com
Entergy Offers Third Quarter Earnings Guidance
(New Orleans, La.) - In accordance with Regulation FD, Entergy
Corporation (NYSE: ETR) today indicated that it expects third
quarter 2001 operational earnings to meet or exceed current
published First Call consensus estimate of $1.17 per share,
excluding the impact of weather which is expected to be below
normal for the quarter.
Entergy noted that it expects Entergy Nuclear to turn in solid
results compared to the third quarter of 2000 due to the addition
of assets acquired over the previous year (Indian Point 2, Indian
Point 3 and FitzPatrick nuclear plants). Entergy's merchant
energy businesses, Entergy-Koch and Entergy Wholesale Operations,
are expected to contribute improved trading results compared to the
same period last year, offset by the absence of liquidated damages
which were recorded in the third quarter 2000 due to construction
delays on the Saltend project. Results at Utility and Parent are
expected to be lower than the same period of 2000 due to lower
sales volume driven by a weaker economy and lower investment
income.
Entergy News Release: Entergy Offers Third Quarter Earnings Guidance
September 26, 2001
Page 2
Entergy reaffirmed its operational earnings guidance for the
full year 2001, estimated to be in a range of $3.00 to $3.20 per
share, excluding the impact of weather. Guidance for 2002 was also
reaffirmed to be in the range of $3.30 to $3.50 per share.
A teleconference will be held on October 22, 2001 at 10:00
a.m. CDST, and may be accessed by calling Premiere Conferencing at
(719) 457-2621 no more than 15 minutes prior to the start of the
call. The confirmation number is 705488. Internet users may also
access the teleconference by visiting Entergy's website at
www.entergy.com. For seven days following the teleconference, a
tape delay will be available and may be accessed by dialing 719-457-
0820. The confirmation number is the same.
Entergy is a major global energy company with power
production, distribution operations and related diversified
services. Entergy owns, manages, or invests in power plants
generating more than 30,000 megawatts of electricity domestically
and internationally, and delivers electricity to about 2.6 million
customers in portions of Arkansas, Louisiana, Mississippi and
Texas. Through Entergy-Koch, L.P., it is also a leading provider
of wholesale energy marketing and trading services.
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Entergy's online address is www.entergy.com.
Entergy News Release: Entergy Offers Third Quarter Earnings Guidance
September 26, 2001
Page 3
The following constitutes a "Safe Harbor" statement under the
Private Securities Litigation Reform Act of 1995: Investors are
cautioned that forward-looking statements contained in the
foregoing release with respect to the revenues, earnings,
performance, strategies, prospects and other aspects of the
business of Entergy Corporation may involve risks and
uncertainties. Actual events and results may, for a variety of
reasons, prove to be materially different from those indicated in
these forward-looking statements, estimates and projections.
Factors that could influence actual future outcomes include
regulatory decisions, the effects of changes in law, the evolution
of markets and competition, changes in accounting, weather, the
performance of generating units, fuel prices and availability,
financial markets, risks associated with businesses conducted in
foreign countries, changes in business plan, the presence of
competitors with greater financial resources and the impact of
competitive products and pricing; the effect of the Entergy
Corporation's policies, including the amount and rate of growth of
Entergy Corporation's expenses; the continued availability to
Entergy Corporation of adequate funding sources and changes in
interest rates; delays or difficulties in the production, delivery
or installation of products and the provision of services; and
various legal, regulatory and litigation risks. Entergy Corporation
undertakes no obligation to publicly update or revise any forward-
looking statements, whether as a result of new information, future
events or otherwise. For a more detailed discussion of some of the
foregoing risks and uncertainties, see Entergy Corporation's
filings with the Securities and Exchange Commission.