Entergy Corporation is a holding company that, through its subsidiaries, is primarily engaged in the generation, transmission, distribution, and sale of electric power to retail customers in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans. The company also operates a small natural gas distribution business in portions of Louisiana. Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other.

• Employees: 12,177 (as of December 31, 2023)
• Geographic Footprint: Arkansas, Louisiana, Mississippi, Texas, and the City of New Orleans
• Headquarters: New Orleans, Louisiana
• Founded: Not explicitly stated in the filing
• Number of locations/facilities: Not explicitly stated in the filing
• Revenue: $12.1 billion (FY2023)
• Market Capitalization: $20.6 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, Entergy Texas, Inc., and System Energy Resources, Inc.

• CEO: Andrew S. Marsh
• CFO: Kimberly A. Fontan
• Board Chair: Andrew S. Marsh
• Other Key Executives: Phillip R. May, Jr. (President and Chief Executive Officer of Entergy Louisiana), Haley R. Fisackerly (President and Chief Executive Officer of Entergy Mississippi), Eliecer Viamontes (President and Chief Executive Officer of Entergy Texas), Deanna D. Rodriguez (President and Chief Executive Officer of Entergy New Orleans), and Roderick K. West (President and Chief Executive Officer of System Energy Resources, Inc.)

Brief background on key leaders' tenure and experience is included in the Information About Executive Officers of Entergy Corporation section of the 10-K.

• Annual Revenue: $12.1 billion (FY2023)
• Net Income: $2.4 billion (FY2023)
• Market Cap: $20.6 billion (as of June 30, 2023)
• Total Assets: $59.7 billion (as of December 31, 2023)
• Number of Employees: 12,177 (as of December 31, 2023)
• Key Financial Highlights: Net income increased $1.3 billion in 2023 as compared to 2022, which was primarily due to the resolution of the 2016-2018 IRS audit.

Entergy's primary business is the generation, transmission, distribution, and sale of electric power. It also operates a small natural gas distribution business in portions of Louisiana.

• Electric Power Generation: Entergy owns and operates power plants using a variety of fuel sources, including nuclear, natural gas, coal, and renewables.
• Electric Power Transmission: Entergy transmits electricity through its high-voltage transmission grid.
• Electric Power Distribution: Entergy distributes electricity to retail customers through its local distribution networks.
• Natural Gas Distribution: Entergy operates a small natural gas distribution business in portions of Louisiana.

Entergy operates primarily through a single reportable segment, Utility. The Utility segment includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for 2022 and 2021 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy's consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy's strategy is to operate and grow its utility business through a customer-centric approach designed to understand and meet customer needs, creating value for all of its key stakeholders, including customers, communities, employees, and owners. As part of its strategy, Entergy invests significant capital to support customer growth and its customers' growing demands for greater reliability, resilience, and clean energy, while remaining focused on affordability. Entergy manages risks by ensuring its Utility investments are customer-driven, the result of robust analysis, supported by broad stakeholder outreach and progressive regulatory constructs, and executed with disciplined project management. Further, Entergy continues to integrate key sustainability elements, including social responsibility and good governance, into every decision it makes.

• Key strategic initiatives include investments in generation projects to modernize, decarbonize, and diversify Entergy's portfolio, including Walnut Bend Solar, West Memphis Solar, Driver Solar, Orange County Advanced Power Station, and potential construction of additional generation.
• Other strategic initiatives include investments in Entergy's Utility nuclear fleet; transmission spending to improve reliability and resilience while also supporting renewables expansion and customer growth; and distribution and Utility support spending to improve reliability, resilience, and customer experience through projects focused on asset renewals and enhancements and grid stability.

Entergy operates in the regulated utility industry. Key market trends affecting the business include the increasing demand for clean energy, the growing focus on grid reliability and resilience, and the increasing adoption of distributed energy resources. Entergy's major competitors include other regulated utilities in its service areas. The company's market position is not explicitly stated in the filing.

• Utility Regulatory Risks: The terms and conditions of service, including electric and gas rates, of the Registrant Subsidiaries are determined through regulatory approval proceedings that can be lengthy and subject to appeal, potentially resulting in lengthy litigation, and uncertainty as to ultimate results.
• Nuclear Operating, Shutdown, and Regulatory Risks: The results of operations, financial condition, and liquidity of Entergy Arkansas, Entergy Louisiana, and System Energy could be materially affected by the inability to consistently operate their nuclear power plants at high capacity factors, refueling outages that last materially longer than anticipated or unplanned outages, and the risk that the NRC will change or modify its regulations, suspend or revoke their licenses, or increase oversight of their nuclear plants.
• Business Risks: Entergy and the Registrant Subsidiaries depend on access to the capital markets and, at times, may face potential liquidity constraints. Disruptions in the capital and credit markets or a downgrade in Entergy's or its Registrant Subsidiaries' credit ratings could, among other things, adversely affect their ability to meet liquidity needs, or to access capital to operate and grow their businesses, and the cost of capital.