Entergy 2015 Annual Report Download - page 69

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Clear vision, clear progress.
2015 Integrated Report
• 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, 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 and regulations, including requirements for reduced
emissions of sulfur dioxide, nitrogen oxide, greenhouse gases, mercury, thermal energy 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 and nuclear waste disposal fees
charged by the U.S. government or other providers 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, including power prices, 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;
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