The regulated Entergy (NYSE:ETR) utilities in the Southeast are making growing investments in new transmission infrastructure along with renewable resources and advanced metering, CEO Leo Denault and other officials said during an Aug. 2 earnings call.
Entergy utilities are in the middle of hundreds of millions of dollars of transmission investment in places such as Arkansas, Mississippi and Texas, company officials said during the call.
In Arkansas, Entergy placed into a service a new 23-mile, 230kV transmission line along with a new 500-kVsubstation that together represent about $100m of investment, company officials said.
In Mississippi Entergy completed a new distribution substation and kicked off two projects for another new substation and a 115-kV line and upgrades. The projects are expected to be online in 2017 and represent $75m in investment, officials said.
In Texas three major projects were placed into service between May and July that totaled $140m in investment. “These were just a few examples of major transmission projects,” which are going forward, Denault said.
Entergy is also starting to move toward advanced metering in its regulated utility jurisdictions, including the Louisiana Public Service Commission, officials said.
On the renewable energy front, a 1-MW solar energy and battery storage project in New Orleans went into operation this summer, officials said during the call. Entergy has also developed three small 500 kW projects in Mississippi.
Finally, Entergy has three requests for proposals (RFPs) going forward for Entergy Arkansas, Entergy Louisiana and Entergy New Orleans, officials said.
Entergy reported second quarter 2016 earnings per share of $3.16 on an as-reported basis and $3.11 on an operational basis.