Entergy 2015 Annual Report Download - page 5

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5
Clear vision, clear progress.
2015 Integrated Report
generation of grid technologies on our system. We will continue to work to be more agile and efficient so that
we are positioned to meet the technological and other developments that are changing the utility industry.
To facilitate our ability to make these types of productive investments for our customers, we work to mitigate
the impact on customer bills. Our average monthly bills are more than 20 to 25 percent below the national
average, a significant advantage for our customers and communities. We completed our second year in
MISO, a move that resulted in immediate benefits and will continue to have meaningful long-term
benefits in lowering costs for our customers through participation in a broader market. We advanced
efforts to support industrial growth in our region, which drives demand for power and helps us maintain
favorable rates. We also strengthened our ability to access capital to make investments through
progressive regulatory mechanisms, a stronger balance sheet and financial flexibility. Positive
developments in 2015 include the passage of legislation in Arkansas, Texas and Mississippi that supports
our ability to meet our customers’ needs when and how they want us to; the combination of our two
Louisiana companies into one utility to facilitate future investment; improved regulatory frameworks in
Arkansas and Texas that are better aligned to facilitate future investments and the transfer of Algiers,
Louisiana, assets to Entergy New Orleans, Inc. from Entergy Louisiana, LLC.
We took significant steps in 2015 to provide greater certainty around our Entergy Wholesale
Commodities business and its ability to generate positive cash flows. EWC faces continued pressure –
particularly in the Northeast – from low wholesale power prices, which further declined last year. We
announced in the fourth quarter of 2015 difficult, but necessary, decisions to close two nuclear plants that
are no longer financially viable – Pilgrim Nuclear Power Station in Massachusetts and James A. FitzPatrick
Nuclear Power Plant in New York. These decisions affect more than 1,000 dedicated Entergy employees,
as well as the communities that have been home to the plants’ operations for more than 40 years. We are
committed to supporting our employees and communicating openly and honestly with all stakeholders
affected by these closures.
Letter to Stakeholders