Tuesday, April 08, 2014 4:38:58 PM
growth,” said Leo Denault, Entergy’s chairman and chief executive officer. “Growth was driven by increased
production from existing customers tied to favorable global economic conditions. We expect to see continued load
growth in the future as facility expansions come on line. During the quarter, EWC saw a surge in spot and 2014
forward power prices for the Northeast. The hedging strategy we’ve employed over the past several years
positioned us to participate in this price run-up, which will largely be reflected in 2014 results.
“On a full year basis, we delivered solid 2013 operational results that reflected productive investments for Utility
customers and a trend toward tightening supply/demand fundamentals in the Northeast as well as upward
movement of energy spot prices. Moreover, we executed on several strategic initiatives, such as joining MISO,
reducing our cost structure and improving productivity across our businesses, and making portfolio changes at
EWC, consistent with our strategy.”
http://files.shareholder.com/downloads/ETR/3077472339x0x724862/5342ae46-a3f7-4200-a493-3cad80f9990b/Entergy_Reports_Fourth_Quarter_and_Full_Year_Earnings.pdf
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