Entergy New Orleans now has 85 percent of its pre-Katrina customers

New Orleans, August 29, 2011 — Nearly six years after Hurricane Katrina, one example of the regrowth of New Orleans is the customer growth of Entergy New Orleans, Inc.

Entergy New Orleans currently has more than 160,000 electric customers, which is nearly 85 percent of pre-Katrina levels. Prior to the 2005 storm, the company had about 190,000 electric customers.

The company's rise in customer count comes on the heels of an economic impact study that shows that Entergy is the sixth largest employer in the New Orleans metro area and is responsible for more than $866 million in local economic activity annually.

The Entergy New Orleans-commissioned study was authored by Timothy P. Ryan, Ph.D., former chancellor of the University of New Orleans and dean of the UNO College of Business Administration.

Ryan's study concludes:

* Entergy is the only Fortune 500 company (listed at 213) headquartered in the city.

* In 2010, Entergy's operations in the New Orleans metro area were responsible for $866.32 million in total spending.

* Entergy helps to support more than 6,000 jobs in the metro area, including 2,600 direct employees of the company and 3,400 jobs supported by company and employee spending.

* Entergy companies contributed more than $4.3 million to charitable causes in the New Orleans area in 2010.

Entergy's next step in supporting economic development is the company's proposed membership in the regional transmission organization, Midwest Independent Transmission System Operator.

The regional transmission organization pools member resources to generate and supply power efficiently while driving costs down for utility customers. The move to MISO is currently under consideration by the New Orleans City Council.

Entergy New Orleans, Inc. is an electric and gas utility serving Orleans Parish and is a unit of Entergy Corp. The company provides electricity to more than 160,000 customers and natural gas to more than 100,000 customers in Orleans Parish.

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