Louisiana regulators approve merger of Entergy utilities

Louisiana regulators approve Entergy utilities merger

The Louisiana Public Service Commission approved the merger of Entergy Louisiana LLC and Entergy Gulf States Louisiana LLC into a single utility.

The new utility will operate under the name Entergy Louisiana LLC after the deal closes Oct. 1. It will have over $16.5 billion in assets and 66,194 GWh in combined sales. Louisiana’s utilities provide electricity to more than one million customers, and natural gas service to over 93,000 customers in the greater Baton Rouge area. The merged company will be a unit of Entergy Corp. (NYSE: ETR).

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