Entergy Louisiana Announces Anticipated Sale of Investment Recovery Bonds

BATON ROUGE, La., July 8, 2011 /PRNewswire/ -- Entergy Louisiana, LLC ("ELL"), an indirect, wholly-owned subsidiary of Entergy Corporation (NYSE: ETR), announced today that it plans to sell approximately $206,000,000 principal amount of Entergy Louisiana Investment Recovery Funding I, L.L.C., Senior Secured Investment Recovery Bonds in an underwritten public offering. All of the investment recovery bonds will be offered in a registered offering under a shelf registration statement filed jointly with the Securities and Exchange Commission on June 24, 2011, by ELL and Entergy Louisiana Investment Recovery Funding I, L.L.C.

ELL will use the net proceeds as a reimbursement for previously-incurred investment recovery costs.

ELL anticipates that the investment recovery bonds will be offered late in July or during August 2011 after the registration statement has become effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement.

In this news release, and from time to time, Entergy Louisiana, LLC makes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Except to the extent required by the federal securities laws, Entergy Louisiana, LLC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed in: (i) Entergy Corporation's Form 10-K for the year ended December 31, 2010, (ii) Entergy Corporation's Form 10-Q for the quarter ended March 31, 2011, and (iii) Entergy Corporation's other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with rate proceedings, formula rate plans and other cost recovery mechanisms; (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs; (d) nuclear plant relicensing, operating and regulatory risks, including any changes resulting from the nuclear crisis in Japan following its catastrophic earthquake and tsunami; (e) legislative and regulatory actions; and (f) conditions in commodity and capital markets during the periods covered by the forward-looking statements, in addition to other factors described elsewhere in this news release and in subsequent securities filings.

SOURCE Entergy Corporation

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED