Entergy 2002 Annual Report Download - page 23

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FORWARD-LOOKING INFORMATION
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.
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 the statements. Some
of those factors (in addition to others described
elsewhere in this report and in subsequent securities
filings) include:
resolution of pending and future rate cases and
negotiations, including the Entergy New Orleans
rate case and various performance-based rate dis-
cussions, and other regulatory decisions, including
those related to Entergy’s utility supply plan
Entergy’s ability to reduce its operation and main-
tenance costs, particularly at its Non-Utility Nuclear
generating facilities, including the uncertainty of
negotiations with unions to agree to such reductions
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 – particularly the ability to
extend or replace the existing power purchase
agreements for the Non-Utility Nuclear plants –
and the prices and availability of power Entergy
must purchase for its utility customers
Entergy’s ability to develop and execute on a point
of view regarding prices of electricity, natural gas,
and other energy-related commodities
Entergy-Koch’s profitability in trading electricity,
natural gas, and other energy-related commodities
changes in the number of participants in the energy
trading market, and in their creditworthiness and
risk profile
changes in the financial markets, particularly those
affecting the availability of capital and Entergy’s
ability to refinance existing debt and to fund
investments and acquisitions
actions of rating agencies, including changes in
the ratings of debt and preferred stock
changes in inflation and interest rates
Entergy’s ability to purchase and sell assets at
attractive prices and on other attractive terms
volatility and changes in markets for electricity,
natural gas, and other energy-related commodities
changes in utility regulation, including the
beginning or end of retail and wholesale
competition, the ability to recover net utility
assets and other potential stranded costs, and
the establishment of SeTrans or another regional
transmission organization
changes in regulation of nuclear generating
facilities and nuclear materials and fuel, including
possible shutdown of Indian Point or other
nuclear generating facilities
changes in environmental, tax, and other
laws, including requirements for reduced
emissions of sulfur, nitrogen, carbon, and
other substances
the economic climate, and particularly growth
in Entergy’s service territory
variations in weather, hurricanes, and other disasters
advances in technology
the potential impacts of threatened or actual
terrorism and war
the success of Entergy’s strategies to reduce taxes
the effects of litigation
changes in accounting standards
changes in corporate governance and securities
law requirements and
Entergy’s ability to attract and retain talented
management and directors.
ENTERGY CORPORATION AND SUBSIDIARIES 2002 21
CONTENTS
22 Five-Year Summary of
Selected Financial and
Operating Data
23 Management’s Financial
Discussion and Analysis
43 Report of Management
43 Independent Auditors’
Report
44 Consolidated Statements
of Income
45 Consolidated Statements
of Retained Earnings,
Comprehensive Income,
and Paid-In Capital
46 Consolidated Balance
Sheets
48 Consolidated Statements
of Cash Flows
50 Notes to Consolidated
Financial Statements
FINANCIAL REVIEW