Entergy Struggles with Hurricanes, COVID-19 as it Plots Major NGCC, Transmission Buildouts
Attachment: Entergy3Q20
SUGAR LAND--October 29, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--In a constantly changing U.S. energy market, Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) finds itself at the center of the storm--literally. Utilities across Louisiana are still reeling from hurricanes Laura, Sally and Delta in August, September and October, respectively, and now are enduring Hurricane Zeta. Entergy, which serves many areas along the U.S. Gulf Coast, saw its bottom line take a hit from the hurricanes and COVID-19, but remains optimistic about its long-term outlook. Industrial Info is tracking $9 billion in active projects from Entergy, including nearly $2 billion worth that are nearing or under construction.
Within this article: Details on some of the highest-valued projects from Entergy, including a major natural gas-fired, combined-cycle (NGCC) unit addition and a series of much-needed transmission-line projects in some of the areas most seriously affected by the recent hurricanes.
