Entergy Sells Vermont Yankee for $112M

TL;DR

Entergy sold Vermont Yankee nuclear plant for $112M, exiting merchant power.

AI Summary

Entergy Corp. announced on April 24, 2024, that it has completed the sale of its Vermont Yankee nuclear power plant to NorthStar Group Services, Inc. for $112 million. This transaction is part of Entergy's strategy to exit the merchant power business. The sale includes the transfer of the plant's decommissioning trust fund, which is expected to cover the remaining decommissioning costs.

Why It Matters

This sale marks a significant step in Entergy's strategic shift away from merchant power generation, allowing them to focus on their regulated utility business.

Risk Assessment

Risk Level: low — The filing is an 8-K reporting a completed asset sale and does not introduce new financial risks.

Key Numbers

• $112 million — Sale Price (Amount Entergy Corp. received for the Vermont Yankee nuclear power plant.)

Key Players & Entities

• Entergy Corp. (company) — Seller of Vermont Yankee nuclear power plant
• Vermont Yankee nuclear power plant (company) — Asset being sold
• NorthStar Group Services, Inc. (company) — Buyer of Vermont Yankee nuclear power plant
• $112 million (dollar_amount) — Sale price of Vermont Yankee nuclear power plant
• April 24, 2024 (date) — Date of announcement and sale completion

FAQ

Key Financial Figures

• $0.01 — red Entergy Corporation Common Stock, $0.01 Par Value ETR New York Stock Exchange
• $25 — lative, No Par Value (Liquidation Value $25 Per Share) ETI/PR New York Stock Exch

Filing Documents

• etr-20240424.htm (8-K) — 68KB
• earningsrelease1q24_ex991.htm (EX-99.1) — 1184KB
• image_0.jpg (GRAPHIC) — 11KB
• image_1.jpg (GRAPHIC) — 4KB
• image_2.jpg (GRAPHIC) — 2KB
• image_3.jpg (GRAPHIC) — 3KB
• image_4.jpg (GRAPHIC) — 2KB
• image_5.jpg (GRAPHIC) — 9KB
• 0000065984-24-000044.txt ( ) — 1643KB
• etr-20240424.xsd (EX-101.SCH) — 5KB
• etr-20240424_def.xml (EX-101.DEF) — 23KB
• etr-20240424_lab.xml (EX-101.LAB) — 44KB
• etr-20240424_pre.xml (EX-101.PRE) — 24KB
• etr-20240424_htm.xml (XML) — 20KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On April 24, 2024, Entergy Corporation (the " Company ") issued a press release, which is attached as Exhibit 99.1 hereto and incorporated herein by reference, announcing its results of operations and financial condition for the first quarter 2024 (the " Earnings Release "). The information in Exhibit 99.1 is being furnished, not filed, pursuant to this Item 2.02.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On April 24, 2024, the Company issued the Earnings Release, which is attached as Exhibit 99.1 hereto and incorporated herein by reference, announcing its results of operations and financial condition for the first quarter 2024. The information in Exhibit 99.1 is being furnished, not filed, pursuant to this Item 7.01.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Earnings Release, dated April 24 , 2024, issued by Entergy Corporation. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Entergy Corporation Entergy Arkansas, LLC Entergy Louisiana, LLC Entergy Mississippi, LLC Entergy New Orleans, LLC Entergy Texas, Inc. System Energy Resources, Inc. By: /s/ Reginald T. Jackson Reginald T. Jackson Senior Vice President and Chief Accounting Officer Dated: April 24, 2024