Entergy 2010 Annual Report Download - page 32

n resolution of pending and future rate cases and negotiations,
including various performance-based rate discussions, and
other regulatory proceedings, including those related to
Entergy’s System Agreement or any successor agreement or
arrangement, 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 transition to a successor
or alternative arrangement, including possible participation
in a regional transmission organization, 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 Entergy Wholesale Commodities business,
and the effects of new or existing safety concerns regarding
nuclear power plants and nuclear fuel
n resolution of pending or future applications for license
renewals or modifications of nuclear generating facilities
n the performance of and deliverability of power from Entergy’s
generation resources, 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 Entergy Wholesale Commodities nuclear plants
n 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 or legislation subjecting energy derivatives
used in hedging and risk management transactions to
governmental regulation
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 and the 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
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 and events that could influence economic conditions in
those areas
n the effects of Entergy’s strategies to reduce tax payments
n changes in the financial markets, particularly those affecting
the availability of capital and Entergy’s ability to refinance
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 inflation 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
or a catastrophic event such as a nuclear accident or a natural
gas pipeline explosion
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 defined benefit
pension and other postretirement benefit plans
n changes in decommissioning trust fund values or earnings or
in the timing of or cost to decommission nuclear plant sites
n factors that could lead to impairment of long-lived assets
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.
Forward-Looking Information
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 filings):
GAAP TO NON-GAAP RECONCILIATION
Earnings Per Share 2010 2009
As-Reported $ 6.66 $ 6.30
Less Special Items $(0.44) $(0.37)
Operational $ 7.10 $ 6.67
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