Entergy 2013 Annual Report Download - page 3

Entergy Corporation 2013 INTEGRATED REPORT 2
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 (a) those factors discussed or incorporated by reference in Item 1A. Risk
Factors contained in the Form 10-K for the year ended Dec. 31, 2013, (b) those factors discussed or incorporated by reference in Management’s
Financial Discussion and Analysis contained in the Form 10-K for the year ended Dec. 31, 2013, and (c) the following factors (in addition to others
described elsewhere in this report and in subsequent securities filings):
Forward-Looking Information
and Regulation G Compliance
• resolution of pending and future rate cases and negotiations,
including various performance-based rate discussions, Entergy’s
utility supply plan, and recovery of fuel and purchased power costs;
• the termination of Entergy Arkansas’ participation in the System
Agreement, which occurred in December 2013, the termination
of Entergy Mississippi’s participation in the System Agreement in
November 2015, the termination of Entergy Texas’, Entergy Gulf
States Louisiana’s, and Entergy Louisiana’s participation in the
System Agreement after expiration of the recently proposed
60-month notice period or such other period as approved by
the FERC;
• regulatory and operating challenges and uncertainties associated
with the Utility operating companies’ move to the MISO RTO, which
occurred in December 2013;
• 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, and the application of more
stringent transmission reliability requirements or market power
criteria by the FERC;
• changes in regulation of nuclear generating facilities and nuclear
materials and fuel, including with respect to the planned or potential
shutdown of nuclear generating facilities owned or operated by the
Entergy Wholesale Commodities business, and the effects of new
or existing safety or environmental concerns regarding nuclear
power plants and nuclear fuel;
• resolution of pending or future applications, and related regulatory
proceedings and litigation, for license renewals or modifications of
nuclear generating facilities;
• the performance of and deliverability of power from Entergy’s
generation resources, including the capacity factors at its nuclear
generating facilities;
• Entergy’s ability to develop and execute on a point of view
regarding future prices of electricity, natural gas, and other
energy-related commodities;
• prices for power generated by Entergy’s merchant generating
facilities and the ability to hedge, meet credit support requirements
for hedges, sell power forward or otherwise reduce the market price
risk associated with those facilities, including the Entergy Wholesale
Commodities nuclear plants;
• 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;
• volatility and changes in markets for electricity, natural gas, uranium,
and other energy-related commodities;
• 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;
• changes in environmental, tax, and other laws, including
requirements for reduced emissions of sulfur, nitrogen, carbon,
greenhouse gases, mercury, and other regulated air and water
emissions, and changes in costs of compliance with environmental
and other laws and regulations;
• uncertainty regarding the establishment of interim or permanent
sites for spent nuclear fuel and nuclear waste storage and disposal;
• variations in weather and the occurrence of hurricanes and other
storms and disasters, including uncertainties associated with efforts
to remediate the effects of hurricanes, ice storms, or other weather
events and the recovery of costs associated with restoration,
including accessing funded storm reserves, federal and local
cost recovery mechanisms, securitization, and insurance;
• effects of climate change;
• changes in the quality and availability of water supplies and the
related regulation of water use and diversion;
• Entergy’s ability to manage its capital projects and operation and
maintenance costs;
• Entergy’s ability to purchase and sell assets at attractive prices and
on other attractive terms;