Entergy 2006 Annual Report Download - page 7

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anticipated insurance proceeds, with
no finding of imprudence. In February
2007, the Public Utility Commission
of Texas voted to approve securitization
of the $353 million with an offset of
$31.6 million which the commission
determined was the net present value of
accumulated deferred income tax
benefits related to storm costs. A
financing order is expected from the
commission authorizing issuance of
securitized debt in March 2007.
Louisiana
Testimony was filed in early 2007 by the
Louisiana Public Service Commission staff
and intervenors in the Entergy Gulf
States-Louisiana and Entergy Louisiana
storm restoration cost recovery cases. Both
the staff and intervenors expressed support
for securitization of costs and the creation
of a storm reserve. While the cases are still
pending, we are encouraged that the
resolution will be as constructive as the
results achieved in Mississippi, New
Orleans and Texas.
In 2007, we expect closure for all
remaining storm-related regulatory matters,
receipt of additional insurance proceeds,
receipt of funds from the securitization
process and the removal of the remaining
negative credit agency outlook triggered as
a result of the hurricanes.
2006 Results: Generating Clean,
Affordable, Reliable Power
for Our Customers
The physical aspects of the storm
restoration effort may well have been the
greatest challenge this company has ever
faced. The cost and financial recovery
process consumed considerable time and
resources as well. Nonetheless, we refused
to let the storms slow down momentum
in other initiatives in our utility and
nuclear businesses.
Utilities: Executing the
Resource Supply Plan
In 2006, we continued to execute our
Resource Supply Plan to meet our
Climate Change
THE DEFINING ISSUE OF OUR TIME
At Entergy, we believe that we are at a defining point in time as a society – a time that
future generations will look back on with either admiration or despair. Today, our global
society is emitting greenhouse gases at ever-escalating rates. While scientists,
politicians and academics debate the extent of the impact of greenhouse gas emissions,
we as a society are running out of time.
When we look up at the sky at night we see the light from stars that was emitted
millions of years ago, only now completing its journey to earth. Greenhouse gas can be
viewed the same way. Once emitted into the atmosphere, the outcome is inevitable.
CO2stays in the atmosphere for approximately 100 years. Every day that goes by our
future becomes more certain. There is no ability to turn back.
At Entergy, we believe now is the time to act. We know the issue is complex and the
necessary actions difficult. To further both discussion and action, we have invited
experts on climate change to share their thoughts in the centerpiece to this year’s
annual report. We invite you to form your own opinion and support action on climate
change – the defining issue of our time.
continued on page 7
5
The Defining Issue
of Our Time
CLIMATE CHANGE:
ENTERGY CORPORATION AND SUBSIDIARIES 2
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