Entergy 2009 Annual Report Download - page 4

Entergy Corporation and Subsidiaries
n resolution of pending and future rate cases and negotiations,
including various performance-based rate discussions and
implementation of legislation ending the Texas transition to
competition, and other regulatory proceedings, including those
related to Entergy’s System Agreement, Entergy’s utility supply
plan, recovery of storm costs, and recovery of fuel and purchased
power costs
n 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, the operations
of the independent coordinator of transmission for Entergy’s
utility service territory, and the application of more stringent
transmission reliability requirements or market power criteria by
the FERC
n changes in regulation of nuclear generating facilities and nuclear
materials and fuel, including possible shutdown of nuclear
generating facilities, particularly those owned or operated by the
Non-Utility Nuclear business
n resolution of pending or future applications for license renewals
ormodicationsofnucleargeneratingfacilities
n the performance of and deliverability of power from Entergy’s
generating plants, including the capacity factors at its nuclear
generating facilities
n Entergy’s ability to develop and execute on a point of view
regarding future prices of electricity, natural gas, and other
energy-related commodities
n prices for power generated by Entergy’s merchant generating
facilities, the ability to hedge, sell power forward or otherwise
reduce the market price risk associated with those facilities,
including the Non-Utility Nuclear plants, and the prices and
availability of fuel and power Entergy must purchase for its
Utility customers, and Entergy’s ability to meet credit support
requirements for fuel and power supply contracts
n volatility and changes in markets for electricity, natural gas,
uranium, and other energy-related commodities
n changes in law resulting from federal or state energy legislation
n changes in environmental, tax, and other laws, including
requirements for reduced emissions of sulfur, nitrogen,
carbon, mercury, and other substances, and changes in costs of
compliance with environmental and other laws and regulations
n uncertainty regarding the establishment of interim or permanent
sites for spent nuclear fuel and nuclear waste storage and disposal
n variations in weather and the occurrence of hurricanes and other
storms and disasters, including uncertainties associated with
efforts to remediate the effects of hurricanes and ice storms
(including most recently, Hurricane Gustav and Hurricane Ike
andtheJanuary2009icestorminArkansas)andrecoveryof
costs associated with restoration, including accessing funded
storm reserves, federal and local cost recovery mechanisms,
securitization, and insurance
n effects of climate change, and environmental and other
regulatory obligations intended to compel reductions in carbon
dioxide emissions
n Entergy’s ability to manage its capital projects and operation and
maintenance costs
n Entergy’s ability to purchase and sell assets at attractive prices
and on other attractive terms
n the economic climate, and particularly economic conditions in
Entergy’s Utility service territory and the Northeast United States
n the effects of Entergy’s strategies to reduce tax payments
n changesinthenancialmarkets,particularlythoseaffectingthe
availabilityofcapitalandEntergy’sabilitytorenanceexisting
debt, execute share repurchase programs, and fund investments
and acquisitions
n actions of rating agencies, including changes in the ratings of
debt and preferred stock, changes in general corporate ratings,
and changes in the rating agencies’ ratings criteria
n changesininationandinterestrates
n the effect of litigation and government investigations or
proceedings
n advances in technology
n the potential effects of threatened or actual terrorism and war
n Entergy’s ability to attract and retain talented management and
directors
n changes in accounting standards and corporate governance
n declines in the market prices of marketable securities and
resultingfundingrequirementsforEntergy’sdenedbenet
pensionandotherpostretirementbenetplans
n changes in decommissioning trust fund earnings or in the timing
of or cost to decommission nuclear plant sites
n the ability to successfully complete merger, acquisition, or
divestiture plans, regulatory or other limitations imposed as a
result of merger, acquisition, or divestiture, and the success of the
business following a merger, acquisition, or divestiture
n and the risks inherent in the contemplated Non-Utility Nuclear
spin-off, joint venture, and related transactions. Entergy
Corporation cannot provide any assurances that the spin-off
or any of the proposed transactions related thereto will be
completed, nor can it give assurances as to the terms on which
such transactions will be consummated. The transaction is
subject to certain conditions precedent, including regulatory
approvalsandthenalapproval by the Board.
FO R W A R D -LO O K I N G IN F O R M A T I O N
In this report and from time to time, Entergy Corporation makes statements as a registrant 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. Words such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “intend,”
“expect,” “estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,” and other similar words or expressions are intended to
identify forward-looking statements but are not the only means to identify these statements. Although Entergy believes that these
forward-looking statements and the underlying assumptions are reasonable, it cannot provide assurance that they will prove correct.
Any forward-looking statement is based on information current as of the date of this report and speaks only as of the date on which such
statement is made. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements, including those factors discussed or incorporated by
referencein(a)Item1A.RiskFactors,(b)Management’sFinancialDiscussionandAnalysis,and(c)thefollowingfactors(inaddition
toothersdescribedelsewhereinthisreportandinsubsequentsecuritieslings):
2