Entergy 2008 Annual Report Download - page 9

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ENTERGY CORPORATION AND SUBSIDIARIES 2008
Aspirations
Progress Toward Our
In our 2006 annual report we presented our five-year aspirations for 2006 through 2010.
A summary of how we performed against key measures in each aspiration is detailed below.
We aspire to continually
deliver top-quartile total
shareholder returns.
We aspire to provide clean,
reliable and affordable power
in our utility businesses.
We aspire to operate safe,
secure and vital nuclear
resources in an environment
that is both growing and
carbon-constrained.
We aspire to break the cycle
of poverty and contribute
to a society that is healthy,
educated and productive.
In 2008, we delivered third-quartile total shareholder
return of -28.3 percent due largely to unprecedented
declines in stock market valuations. Clearly, we are not
satisfied with this performance. We remain committed
to our overarching financial aspiration to continually
deliver top-quartile, positive total shareholder returns
over the long term.
In 2008, we set records for the fastest, safest storm
restoration in our company’s history. We continued
our efforts to transform our generation portfolio to
ensure our customers have access to clean, affordable
power until market uncertainty in late 2008 prompted
us to temporarily suspend long-term procurement
efforts, with one exception. We intend to re-engage
when conditions stabilize. We also met our cumulative
emissions goal under our second voluntary commitment
to stabilize our greenhouse gas emissions from 2006 to
2010 at 20 percent below year 2000 levels.
Our non-utility nuclear fleet turned in excellent
operating performance, achieving the highest level of
generating output since Entergy assumed ownership of
these assets. Deteriorating financial market conditions in
late 2008 and a longer than planned regulatory approval
process caused the spin-off of our non-utility nuclear
assets to Entergy shareholders to be delayed. We are
now in a position of rolling readiness, prepared to act
once we receive acceptable regulatory approvals and the
timing is right to access financial markets. We remain
committed to maximizing the value that continues to
exist in our non-utility nuclear assets.
In 2008, we raised more than $2.3 million in bill
payment assistance funds from our customers,
employees and shareholders. One hundred percent of
these funds go to customers who need help
paying their utility bills.
ASPIRATIONS PROGRESS IN 2008
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