Entergy releases 2023 Performance Report
Entergy this week published its 2023 Performance Report. The publication presents an overview of the company's 2023 achievements, including financial results with economic, environmental, governance, and social performance and impacts.
“As we build upon a successful 2023, Entergy is well-positioned to amplify our impact and power life in the years ahead,” said Drew Marsh, Entergy’s chair and chief executive officer. “Our proactive investments in customer-centric solutions, including system resilience, clean energy and renewables, demonstrate our dedication to meeting evolving customer and community needs. We are nurturing a workforce that not only supports our growth and investments but also mirrors the vibrant diversity of the communities we serve, paving the way for a sustainable energy transition and a brighter future.”
Highlights from 2023 include:
- Over the next three years, the company plans to invest nearly $19.8 billion in its energy delivery system for the benefit of customers. Affordability remains a priority, as the company is pursuing ways to manage bill growth through programs like the federal Low Income Home Energy Assistance Program and other solutions.
- Entergy achieved 23% toward its 2030 goal of 50% carbon-free capacity. Its utility carbon dioxide emission rate is 38% lower than in 2000, inclusive of purchased power. Approximately 1,900 megawatts of renewable energy projects are approved and in development.
- The company's commitment to corporate social responsibility resulted in an economic impact of nearly $140 million for its customers and communities.
- Entergy helped attract or expand 63 economic development projects to its utility service area representing a capital investment in local communities of more than $17.7 billion and 3,316 new jobs in our region.
- The company's quarterly dividend per share grew by approximately 6% and the firm finished in the top half of its guidance range. This was the eighth year in a row that financial results have come in above guidance midpoint.
The full report may be viewed here.
Source: Entergy
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