Entergy Girds for Grid Growth Across U.S. South

August 4, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The brutal heat sweeping much of the U.S. has fired up profits at Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana). As the company backs away from its nuclear and coal-fired business, it is strengthening its presence on the Texas and Louisiana power grids, where demand is driven by growth in the energy industry.

Industrial Info is tracking more than $10 billion worth of active projects from Entergy, more than half of which is attributed to unit closures at nuclear and coal-fired generation facilities. Much of Entergy's T&D buildout can be found in the coastal regions of Texas and Louisiana. In addition to soaring temperatures, these areas are expected to need a stronger power grid for a slew of export-related energy projects, including facilities for the production and distribution of liquefied natural gas (LNG), that are set to be brought online in the coming years.