Entergy is a holding company. Through its subsidiaries, the company is an integrated energy company engaged mainly in electric power production and retail distribution operations. The company owns and operates power plants. The company operates through two segments: Utility, which generates, transmits, distributes and sells electric power to retail and wholesale customers in Arkansas, Louisiana, Mississippi, and Texas; and Entergy Wholesale Commodities, which includes the ownership, operation, and decommissioning of nuclear power plants, located in the northern U.S., the sale of the electric power produced by its operating plants to wholesale customers, and also provides operations and management services.
Entergy's credit profile reflects its diverse utility holdings that are supported by formula rate making, a waning merchant nuclear fleet and temporarily weak financial metrics through 2019.
Entergy's credit profile reflects its diverse utility holdings that are supported by formula rate making, a waning merchant nuclear fleet and temporarily weak financial metrics through 2019.
Entergy Arkansas is a vertically integrated utility subsidiary of Entergy Corporation (Baa2 stable) and is supported by a formula rate plan but will be challenged by tax reform in 2018.
Entergy New Orleans, LLC.: Update to credit analysis
Our credit view of ENOI reflects its regulated utility operations, strong financials, small size and concentrated service territory in a storm-prone area.