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Steve D'Ambrisi

Research Analyst at RBC Capital Markets

Steve D'Ambrisi's questions to ENTERGY CORP /DE/ (ETR) leadership

Question · Q3 2025

Steve D'Ambrisi inquired about Entergy's alternative financing agreements for dispatchable generation, seeking clarification on their sizing, any correlation with the implied 3 GW increase in committed capacity (from 8 GW to 11 GW), and the timing and magnitude of potential capital spend that might fall outside the current plan.

Answer

Kimberly Fontan, CFO, clarified that there is no direct correlation between alternative financing and a specific 3 GW increase. She explained that the updated capacity reflects rolling forward the outlook to 2029, and alternative financing helps manage costs and align cash outflow with asset in-service dates. She indicated that specific sizing would be provided at the upcoming EEI conference, suggesting Steve's initial magnitude estimates were 'a bit outsized.' Drew Marsh, Chair and CEO, added that all contracted turbine projects are targeting commercial operations by 2032, implying significant capital deployment just beyond the 2029 outlook.

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