Entergy (ETR) Investor presentation summary

Growth strategy and sales outlook

• Technology is the largest contributor to the five-year plan, alongside clean energy, onshoring, and electrification.

• Weather-adjusted retail sales are projected to grow at ~9.5% CAGR and industrial sales at ~17% CAGR from 2025 to 2030E.

• Large industrial growth spans multiple industries and operating territories, including technology, data centers, chemicals, refining, and industrial gases.

• Planning continues to prioritize affordability, reliability, and sustainability as very large load additions reshape resource planning.

• Opportunities beyond the base plan include additional customer load and potential investment in solar, CCS, nuclear, and resilience.

Capital plan and resource build

• The 2027E-2030E capital plan is $55B, excluding capital funded by customer contributions in aid of construction.

• The preliminary four-year capital plan totals $54.815B: $17.240B in 2027E, $16.370B in 2028E, $11.930B in 2029E, and $9.275B in 2030E.

• Resource planning outlines a 31-unit, 23-GW buildout; six units were added to the plan during the year.

• Announced projects include solar and battery storage additions, plus proposed combined-cycle and combustion-turbine generation projects at various stages of review.

Customer value and affordability

• The Fair Share Plus pledge is expected to deliver at least $7.5B in customer savings over contract lives based on electric service agreements to date.

• Hyperscale contracts include 15- to 20-year terms, minimum bills, robust credit terms, early termination fees, and customer contributions during heavy investment.

• Data center revenues are intended to cover incremental cost of service and a share of fixed costs, supported by contract provisions.

• Fair Share Plus is estimated to provide at least $7.5B in customer bill benefits over the life of contracts.