Entergy 2010 Annual Report Download - page 30

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LOOKING AHEAD
ME M O R A B L E LE S S O N S
PR A C T I C A L TR U T H S
E
E
ntergy has a disciplined, dynamic point-of-view-driven business model, skilled
and experienced employees and leaders who are committed to operate with concern
for customers, employees, the environment, communities and shareholders. We have
a track record of success in managing our portfolio of assets to the benefi t of all
our stakeholders.
We believe these capabilities, strengths and experiences will enable us to deliver value
to all our stakeholders in the year ahead. Our overarching fi nancial aspiration is to
deliver top-quartile total shareholder return. Specifi cally, our long-term outlook
updated in October 2010 identifi es opportunities to:
n
Deliver 6 to 8 percent compound average annual net income growth from 2010 to
2014 (2009 base year) at the utility business,
n
Position Entergy Wholesale Commodities to provide near-term certainty in a
bearish market environment, while preserving the option to capture upside over
the long term from the positive effects of ongoing economic recovery and new
environmental regulations.
n
Accumulate cash in order to have the ability to invest through a balanced
capital/return program, including the potential for as much as $4 billion to
$5 billion of capital return through dividends and share repurchases for 2010
through 2014, absent attractive investment opportunities, and
n
Maintain strong liquidity and solid credit metrics that support ready access to
capital on reasonable terms.
Going forward, we will put the practical lessons we have learned over the past
12 years to work. We also will continue to learn from experience, uncovering new
lessons and practical truths that can serve us well in the future.