Entergy 2004 Annual Report Download - page 13

power generation assets to both meet
our capacity shortfall and displace our
older, less efficient generation. This
flexible approach to generation drives
savings for our customers and
earnings growth for our shareholders.
•In nuclear, we will expand our efforts
to execute transactions that have
consistently driven growth for us in
the past – including both plant
acquisitions and management service
agreements – or through other
innovative ventures.
We’ve done more than simply identify
opportunities to grow – we are poised to
act when the timing is right. We have
made the infrastructureinvestments,
developed operational expertise, and
cultivated strong relationships with
customers, regulators, and suppliers.
These areallstrengths we can utilizein
executing and integrating both utility
and nuclear asset acquisitions and other
types of transactions. Above all, we
remain disciplined – we seize only those
opportunities that have the potential to
generate profitable long-term growth.
Our Nest
While we have a sharp focus on growth,
we also believe that growth must be
sustainable. A clean environment, a safe
workplace, and a strong economy – to
be a world-class organization, we believe
Entergy must be a leader in all.
We continue to set and meet voluntary
standards to stabilize our CO2emissions
at year-2000 levels. In 2004, our CO2
emissions were 28 percent lower than
year-2000 levels. We have met our target
each year since we established our
voluntary standards in 2000.
We continue to institute training and
procedures to help us reach our goal of
an accident-free work environment.
Wealso continue to strive to meet the
needs of our low-income customers
through internal operational initiatives,
and we fight the bigger war against
poverty through external advocacy and
regulatory initiatives.
In 2004, we were honored to
be included in the Dow Jones
Sustainability Index once again – for the
third consecutive year. We are proud to
be one of only three U.S. electric utilities
included in the index. DJSI-listed
companies must not only demonstrate
strong financial performance, but must
also showoutstanding leadership in
environmental and social commitment.
In September 2004, Community
Action Partnership, a national
organizationdedicated to fighting
poverty, honored our CEO Wayne
Leonard with its first-ever Corporate
Champion Award, recognizing his
corporate leadership in addressing the
multiple causes of poverty.
Entergy recently received Edison
Electric Institute’sfirst-ever
Advocacy Excellence Award for our
comprehensive campaign to forestall
efforts calling for the closure of our
Indian Point nuclear facilities in New
York following the September 11th
terrorist attacks. Entergy employees
volunteered hundreds of hours to
educate the public, media, and
governmental entities on the safety and
security of Indian Point as well as the
vital role the facility plays in delivering
energy to New York. Our campaign for
Indian Point began in January 2002 and
continues today.
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Entergy Corporation and Subsidiaries 2004
TOTAL SHAREHOLDER RETURN
2000-2004, %
ETR S&P
Electric
Utilities
S&P
500
(11)
71
211
In the last five years, we provided nearly
$3 billion in available cash to our shareholders
through dividend payouts and stock repurchases.
We believe we have the financial capacity to
make sound investments in our businesses
even as we return cash to our shareholders.
CASH PROVIDED TO SHAREHOLDERS
$millions
00 01 02 03 04
1,276
153
287
242
779
Entergy ranks number one in its peer
group for total shareholder return for the
past five-year period and number six for
one-year return. We are confident 2004
results support our continued leadership in
creating value for our shareholders.
TOTAL SHAREHOLDER RETURN
2004, %
ETR S&P
Electric
Utilities
S&P
500
11
27
22