Entergy Corporation (ETR) CFO Andrew Marsh says the company has a lot of infrastructure needs in terms of strengthening reliability and efficiency and lowering costs for customers. Specifically, he says management anticipates a need for an additional 2,400 to 3,000 megawatts of incremental generation.
“We have an industrial renaissance going on in the southern part of our service territory, mainly along the coast in Louisiana and Texas,” Marsh says. “It may be a matter of timing; demand may slow if the industrial renaissance does, and if this happens, it is most likely at the end of the decade.”
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Entergy recently acquired Union Power Station, which Marsh says added about 2,000 megawatts of additional generation capacity. He says the company may pursue additional acquisitions to further increase capacity.
“By and large, we think we will require new generation, in large part because of the location we expect the load to come in, along the coast,” Marsh says. “And so as we move forward, we will be looking to enhance reliability through most likely building or contracting power built along the coast.”
Recommended Reading – SEC Targets CEO Succession Plans – New Risks for Boards, Says Heidrick & Struggles
October 30, 2009
CIRCOR International, Inc. (CIR) New CEO Targets Annual EPS Growth of 15%
December 11, 2014
Omnicell (OMCL) Targets Further Penetration into U.S. Hospitals, Pursues Large Potential Overseas
November 06, 2013
OSI Systems, Inc. (OSIS) Targets International Need for Cargo Screening with $1 Billion Contract in Mexico
December 04, 2013
