Entergy 2014 Annual Report Download - page 9

• 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,
emissions allowances, and other energy-related commodities, and the effect
of those changes on Entergy and its customers;
• 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 dioxide, nitrogen oxide, 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 and the level of
spent fuel disposal fees charged by the U.S. government related to such
sites;
• 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;
• the economic climate, and particularly economic conditions in Entergy’s
Utility service area and the Northeast United States and events and
circumstances that could influence economic conditions in those areas, and
the risk that anticipated load growth may not materialize;
• the effects of Entergy’s strategies to reduce tax payments;
• 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;
• 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;
7