Entergy subsidiaries announce election of new directors following shareholder votes

Several subsidiaries of Entergy Corporation (NYSE:ETR), a utility company generating $2.45 billion in revenue over the last twelve months and maintaining a healthy current ratio of 1.56, reported the election of new directors following written consents by their respective sole shareholders, according to a press release statement based on a recent SEC filing. For deeper insights into Entergy’s corporate governance and financial metrics, InvestingPro offers comprehensive analysis and over 30 additional key indicators.

On Friday, Entergy Utility Holding Company, LLC, the sole owner of Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, and Entergy New Orleans, LLC, elected new directors for each company, effective June 27, 2025. The company, which currently pays a $1.22 dividend per share and generates $1.24 billion in EBITDA, named Kimberly S. Cook-Nelson and Kimberly A. Fontan as directors across all four subsidiaries. Additional directors appointed include Laura R. Landreaux for Entergy Arkansas, LLC; Phillip R. May, Jr. for Entergy Louisiana, LLC; Haley R. Fisackerly for Entergy Mississippi, LLC; and Deanna D. Rodriguez for Entergy New Orleans, LLC.

In a separate action, Entergy Corporation, the sole owner of Entergy Texas, Inc. (NYSE:ETI/PR), which holds 79% of the voting power of the outstanding common and preferred stock, elected Kimberly S. Cook-Nelson, Kimberly A. Fontan, and Eliecer Viamontes as directors of Entergy Texas, Inc. This change will take effect on August 20, 2025, 40 days after preferred shareholders are notified.

The elections were conducted by written consent in lieu of meetings.

This information is based on a press release statement and details provided in the companies’ Form 8-K filings with the Securities and Exchange Commission.

In other recent news, Entergy Arkansas, LLC successfully closed the sale of $300 million in First Mortgage Bonds, with a 5.45% interest rate due in 2034. This transaction was completed under an underwriting agreement and filed with the Securities and Exchange Commission, ensuring compliance with regulatory requirements. In a separate development, Entergy Corporation announced significant changes to its board of directors, appointing Kimberly S. Cook-Nelson to the boards of several subsidiaries, including Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas. Cook-Nelson’s appointment follows the resignation of Peter S. Norgeot, Jr. and was confirmed through an 8-K filing with the SEC. She will serve without compensation and has no material interests in related party transactions. There are no arrangements or family ties concerning her appointment. These recent developments highlight Entergy’s ongoing corporate governance updates.

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