Entergy Corp.

NYSE:ETR  
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Entergy Says Co Restored Power To About 99% Of Customers Affected By Hurricane Laura

Published: 09/22/2020 12:17 GMT
Entergy Corp. (ETR) - Entergy Provides Update on Hurricane Laura.
Utilities Have Restored Power to About 910,000 Customers Who Can Accept Power Or About 99% of Customers Affected by Storm.
Entergy - Crews Have Restored Power to All Customers in Texas & Are Making Significant Progress in Remaining Hardest Hit Areas of Southwest Louisiana.
Affirms Its 2020 Adjusted Earnings Guidance Range of $5.45 to $5.75 per Share.
Expects Utility Revenues in 2020 to Be Adversely Affected, Primarily Due to Power Outages Resulting From Hurricane.
Total Restoration Costs of Electrical Facilities Damaged by Hurricane Laura Estimated to Be in Range of $1.5 Billion to $1.7 Billion.
Believes Its Liquidity is Sufficient to Meet Its Current Obligations.
Believes Its Liquidity is Sufficient to Meet Its Current Obligations.
As of Aug.
31, 2020, Net Liquidity Was $4.0 Billion Including Storm Escrows of $0.4 Billion.
Majority of Total Restoration Costs Were Incurred by Entergy Louisiana and Entergy Texas.
FY2020 Earnings per Share View $5.61 -- Refinitiv Ibes Data (analyst estimates).