E N T E R GY ’ S C O M M I T M E N T TO A C H I E V I N G N E T- Z E R O E M I S S I O N S B Y 2 0 5 0 | D E C E M B E R 2 0 2 0This report provides an update on Entergy’s continued portfoliotransformation and outlines our commitment to achieve netzero carbon emissions by 2050 while balancing affordability
and reliability for our customers. This report serves as an
addendum to our 2019 report, Climate Scenario Analysis
and Evaluation of Risks and Opportunities. Establishing a
net-zero by 2050 climate commitment continues Entergy’s
two decades of leadership and action on climate change
described in detail in the 2019 climate report. We believe thatan effective climate strategy should include a near-term goal
and a long-term commitment, along with near-term actions
supportive of these commitments.
In this addendum, we describe our commitment to achieving
enterprise-wide net-zero carbon emissions by 2050, tangiblenear-term actions the company is taking toward meeting thiscommitment and our holistic vision of a net-zero future for thecommunities we serve. We also provide our view on technology developments and breakthroughs that may pave our pathto net-zero emissions as described in an illustrative scenario ofEntergy’s evolving energy resource mix. Lastly, this addendum
provides an overview of our three-phased approach to decarbonization over the five-decade span of 2000 to 2050 in the context
of climate scenarios that limit warming to 1.5° to 2° Celsius.

Entergy’s Commitment to Net-Zero Emissions by 2050
Entergy is committed to achieving net-zero emissions by 2050
while balancing affordability and reliability for our customers.
We believe that the optimal net-zero strategy requires
reduction of our own emissions as much as possible, followedby capturing or offsetting remaining emissions through various
innovative strategies. Our decarbonization journey to net-zero
ensures that our customers can reduce their environmental
footprints by relying on our low-carbon generation fleet.
Entergy views climate issues not only as a challenge to beaddressed by the company and the communities and region
that we serve, but also as an opportunity to invest in newtechnologies and customer solutions.
We take a holistic view of emission reductions. Given
our unique role in the economy and our relationships
with the customers and communities we serve, Entergy’s
commitment to net-zero is a critical part of ushering in a
decarbonized economy, particularly in our region. As such,our near-term actions and long-term sustainability plansaddress the emissions profile of our generation portfolio
while also considering partnerships with our customers
and suppliers.

1

COMMITTED
TO NET-ZERO
EMISSIONSBY 2050DECARBONIZE
SUPPORTINFRASTRUCTURE
AND SUPPLYCHAINCUSTOMERPARTNERSHIPS
AND PRODUCTS

Conventional Pollutant Reduction Goals
Entergy also anticipates significant
reductions in conventional pollutants
such as oxides of nitrogen (NOx),sulfur dioxide (SO 2 ) and mercury (Hg).
We project that NOx and SO 2 both will
be 90% below 2000 levels by 2030 andHg emission will be near zero. As wemove through our regular planning
cycles, these projected reductions
will be updated.

2050 Climate Commitment – Engaging Entergy’s Full Value Chain
Holistic View of Decarbonization | All Emission Scopes | All Gases
Current Portfolio Transformation Technology:

Technology Developments and Future Options:• Retire coal-powered capacity• Modernize gas assets• Utility-scale renewables• Energy storage (short-to-medium duration)• Invest in and extend life of nuclear units• Gas supply pipe upgrade and replacement• Renewable energy credits and carbon offsets• New/advanced nuclear• Carbon capture, utilization and sequestration• Green/pink/blue hydrogen usage• Renewable natural gas/alternative fuels• Advanced renewables• Energy storage (long duration)• Advanced generation technology• Incremental natural sequestration

Engage Customers & Other Sectors of the Economy:

Engage Suppliers:• Energy efficiency• Peak load reduction• Demand-side management• Customer solutions• Distributed energy sources• Beneficial electrification• Gulf Coast Carbon Collaborative• Natural Gas Supply Collaborative – carbon
impact of gas suppliers• Electric Utility Industry Sustainable Supply Chain
Alliance – carbon impact of non-fuel suppliers• Renewable and H2 collaborations• Renewable natural gas• Direct engagement with suppliers

Committed to Net-Zero Emissions by 2050 – Entergy willcontinue to transform its generation portfolio to cleaner, lowand zero-carbon resources. This transformation will resultin a lower emission rate as conceived by our 2030 climate
analysis and goal. It also will result in reducing absoluteemissions as additional low- and zero-carbon generation
technologies are integrated into our system over the next
three decades. In the illustrative scenario presented in thisaddendum, this transformation reduces Entergy’s carbon
emission rate by 90% from our base year, 2000.
Regarding Entergy’s gas business, local distribution company
operations represented only 0.2% of our direct emissions(fugitive losses – scope 1) and 2.4% of our indirect emissions(customer combustion – scope 3) in 2019. These categories
are part of our net-zero commitment, and we will work to2

minimize these emissions through efforts to decarbonize thegas fuel supply, replace older supply piping and partner withcustomers on energy efficiency and beneficial electrification.
Additionally, we will continue to engage our gas suppliers to
reduce upstream emissions. All of these actions will minimize
the full lifecycle emissions associated with these operations.
As we work to reduce emissions through technology solutions,Entergy also will continue its efforts to enhance natural,carbon-absorbing systems. As described in our 2019 climate
report, the Paris Climate Agreement identifies the need toseek balance between sources of carbon and natural systems
that absorb carbon. Over the last two decades, Entergy has
gained valuable experience and supported innovations in theareas of reforestation/afforestation, wetland restoration andagricultural carbon offsets through our Environmental Initiatives
Fund. We anticipate continuing and accelerating these actions
that enhance natural systems to offset remaining carbon
emissions and to improve the quality of life for customers andcommunities throughout our service area. Additionally, Entergy
will account for the environmental attributes associated withrenewable generation and natural gas owned and retired onbehalf of the utility operating companies.
Customer Partnerships and Products – Entergy has identified
an opportunity to engage with customers through various
innovative offerings and partnerships that help reduce
emissions for both our company and our customers. Entergy
is working to expand energy efficiency and demand-side
management offerings that reduce customer demand – whilebalancing the need to electrify carbon-intense energy needs
in other sectors. Entergy’s eTech program offers incentives tocustomers who are interested in electrification and is more
fully described in the climate report.

In 2019, we shared thought leadership for the developmentof an economy-wide collaborative to reduce carbon. Entergy
sponsored the December launch of the Gulf Coast Carbon
Collaborative, which now provides an ongoing platform forregional collaboration on carbon reduction efforts acrossall sectors of the economy. Additionally, the company isevaluating opportunities for distributed generation solutions
to supplement centralized generation resources and improve
community resiliency. Our company is uniquely positioned
to engage with our customers, many of whom also aresetting aggressive climate goals and establishing businessmodels around the opportunities for investing in many of thetechnologies discussed in this report.
Decarbonize Support Infrastructure and Supply Chain – We
are engaging both fuel and non-fuel suppliers on decarbonizing
the fuel supply and the various materials/goods we procure. We
have joined the Natural Gas Supply Collaborative to engage fuelsuppliers on upstream emissions associated with exploration,
production and transportation. As a founding member of theElectric Utility Industry Sustainable Supply Chain Alliance,
we engage broadly with suppliers of materials and goods
to our sector. Additionally, some of our largest suppliers andcustomers are implementing low-carbon business models. We
are engaged in partnerships focused on developing utility-scale
renewable generation and the technology and infrastructurenecessary to decarbonize our fuel supply through co-firing ofgreen and/or blue hydrogen. We also anticipate opportunities
to collaborate on renewable natural gas and other mutually
beneficial technology advancements such as carbon capture.

3

Entergy’s 2019 Climate Report
In March 2019, Entergy published a report titled Climate
Scenario Analysis and Evaluation of Risks and Opportunities.
The purpose of this report is threefold: (1) to continue
Entergy’s long history of engagement on climate change andmanagement of the risks to our business; (2) to use scenario
planning to analyze potential impacts on – and opportunitiesfor – Entergy and the regional economies in which we operate;and (3) to inform and engage stakeholders on Entergy’s
current and ongoing processes for managing climate risk andevaluating future opportunities. The structure of the analysis
and report was informed by the Recommendations of the Task
Force on Climate-related Financial Disclosures. The analysis
also informed the establishment of our fourth voluntarycarbon goal – to reduce our utility generation asset emission
rate to 50% of what it was in 2000 by 2030. Information on
our earlier Environment 2020 commitment and performancecan be found on entergy.com.
The climate report discussion on strategy, governance, risks,
opportunities, metrics and targets remains reflective of ourcurrent position on climate issues. On the strategy front, weare continuing to evaluate options and refine our path towardmeeting our 2030 goal. Our resource planners continue
to evaluate technology options and operational decisions
necessary to ensure that we meet this goal. Additionally, amultilevel working group is focused on ensuring all options
are explored in order to find the pathway that provides
reliable, affordable and sustainable energy to our customers.
Since the climate report was published, we have announced
several related projects and efforts that can be found in ourNewsroom. Here are some highlights:• August 2019 – Entergy New Orleans Adding 90
Megawatts of Renewable Energy to Its Portfolio• December 2019 – Cross-Industry Gulf Coast Coalition to
Tackle Carbon Emissions• March 2020 – Lake Charles Power Station Achieves
Commercial Operation• April 2020 – Mississippi Public Service Commission Gives
Green Light to 1,000-Acre Solar Farm
• April 2020 – Entergy Named 2020 Tree Line USA Utility by
Arbor Day Foundation• April 2020 – Arkansas Public Service Commission
Approves Searcy Solar Project• July 2020 – New Analysis Shows Momentum Building To
Decarbonize The Power Sector• August 2020 – Entergy Arkansas Plans Fourth Solargeneration Resource, Walnut Bend, Near Brinkley• September 2020 – Entergy New Orleans CompletesLouisiana’s Largest Commercial Rooftop Solar Project• September 2020 – Mitsubishi Power and Entergy to
Collaborate and Help Decarbonize Utilities in Four States• September 2020 – Entergy Commits to Achieving NetZero Carbon Emissions by 2050
The final section of our climate report is focused on Entergy’s
future. This addendum expands on Entergy’s view of ourongoing portfolio transformation, developing technology
options, our commitment to net-zero emissions by 2050 and our
holistic vision of a net-zero emission economy for our region.

4

Entergy’s Ongoing Portfolio Transformation

Entergy and Mitsubishi Power toCollaborate and Help Decarbonize
Utilities in Four States
Entergy has engaged with Mitsubishi
Power because of the company’s
demonstrated ability to provide
innovative total solutions, leveraging
multiple technologies to reachdecarbonization goals. Mitsubishi
Power is a first mover in hydrogenenabled gas turbine and long- andshort-term storage solutions.
Together, Entergy and Mitsubishi
Power will focus on:• Developing hydrogen-capable gas
turbine combined cycle facilities.
• Advancing green hydrogenproduction, storage andtransportation facilities.
• Creating nuclear-supplied electrolysis
facilities with energy storage.
• Developing utility-scale battery
storage systems.
• Enabling economic growth throughpartnerships with the Entergy utility
customers.

Continuing the company’s portfolio transformation strategy,Entergy expects to meet its 2030 target using technologythat exists today. Initiated in 2002, this strategy focuses onmodernizing our gas generation fleet, investing in our existing
nuclear fleet, integrating renewable resources and retiring
older, less-efficient fossil units, including all of the company’s
coal-powered capacity. Low- to zero-carbon technology
developments are necessary to continue reducing both ourcarbon emission rate per megawatt hour and our absolutecarbon emissions to levels consistent with our 2050 netzero commitment. To achieve this commitment, technology
developments and continued innovation are assumed to playa major role in enabling the decarbonization of our generation
fleet while balancing customer costs and reliability. Some
perspectives on advanced technologies, their role in the
future, and our efforts to monitor and develop them arepresented below:
Customer-centric Solutions – At Entergy, our focus is noton any particular product or service, but instead on thecustomer. Our customers’ goals and objectives drive ourplanning and operational processes. Reducing demand forenergy is an effective way to approach avoiding emissions.
Entergy offers customers various energy efficiency-related
products, services and programs. Our customers also desirebehind-the-meter energy solutions, such as distributed
generation and energy storage, which we are committed
to helping them identify and implement. Additionally,
electrifying energy needs currently served by fossil fuels
is a decarbonization strategy employed by many of ourcustomers. We expect all these areas – energy efficiency,
distributed generation/storage and electrification – tocontinue to develop over the next three decades. Entergy’s
goal is for these strategies to benefit our customers while
also supporting our decarbonization strategy and enhancing
economic performance.
Coal Generation Retirement – Entergy intends to cease burning
coal by the end of 2030. Coal currently makes up only 6% of ourgeneration, less than 5% of 2019 revenue and less than 2% of2019 rate base. We do not anticipate constructing any future
generation assets or securing power purchase agreementsfrom any resources that use coal. Our employee commitment
and community focus will continue to be important to Entergy
as we transition from coal-powered capacity.
Natural Gas, Low-Carbon Fuels and Carbon Capture – We
continue to modernize our gas generation fleet through ourportfolio transformation strategy. Our analysis shows thatnatural gas units remain a necessary and economic resource
to enable retirements of less-efficient gas units and tomaintain system reliability as we transition to a low- to nocarbon economy. These modern, efficient gas units not only
produce approximately 40% less carbon dioxide than older,less-efficient gas units, but we expect future gas generation
to offer the option of co-firing advanced, lower- and zerocarbon fuels. Hydrogen, renewable natural gas and carbon
capture technology provide carbon reduction options for
gas-powered infrastructure being built beyond 2020, while
also helping our customers meet their need for reliable andaffordable power. This flexible, low-carbon generation is
critical to meeting the objectives of reliability, affordability
and sustainability, and allows for integration of additional
renewable capacity.

5Entergy and Invenergy Partnership
to Focus on Utility-Scale Renewable
Development
Entergy and Invenergy have agreed toco-develop renewable energy facilities
in the Gulf South region. Invenergy
brings renewable development
expertise and access to a robust
supply chain for equipment andinstallation services. Additionally,
Invenergy has projects in the Entergy
service territory with transmissioninterconnection rights. All of thiswill enable the two companies tocollaborate to deliver projects atcompetitive costs and with earlier
in-service dates.

Entergy and Energy Impact Partners
Through a shareholder-funded program,Entergy joined the EIP Platform tocollaborate with innovators and gain
insights. EIP manages $1.5 billion
in global venture capital assets andsupports the transition to a sustainableenergy future by bringing together
entrepreneurs and forward-looking
energy and industrial companies.

Existing and Advanced Nuclear – We are continuing to invest
in our existing zero-carbon nuclear fleet to extend and preserve
those assets. Entergy has not made any definitive decisions
or announcements regarding the potential for subsequent
license renewals; however, we are considering this as a partof our future, long-term energy mix as shown in the illustrative
scenario in this addendum. Additionally, we are monitoring
advanced technologies, such as advanced nuclear fuels, aswell as small modular fission and fusion reactors to determine
what role they may play in our future resource mix.

more investment risk today. Some of the technologies have ahigher likelihood of reaching maturity than others. Due to ourcommitment to achieving net-zero carbon emissions by 2050,
Entergy is monitoring these technologies as they develop
and working to advance these technologies through joint
endeavors with other industry partners, research organizations
and industry groups. The points of view described above willcontinue to be refined as these developments occur, and whenappropriate, these technologies will be proposed for inclusionin the company’s resource plan.

Renewables and Storage – We currently are investing in
multiple solar generation facilities and expect to continue
to expand our renewable energy capacity over the coming
decades. As needed, battery storage will complement theseclean generation assets. We expect investment in renewables
plus storage to continue beyond 2030, eventually becominga larger part of our resource mix. Entergy is also monitoring
wind technology developments both on- and offshore; otherrenewable options and storage technologies that eventually
may represent capacity; and resource investment opportunities.

Transition Equity – Entergy is committed to achieving ourenvironmental sustainability goals and commitments whilebalancing the reliability of our system and affordability for ourcustomers. Additionally, we believe that sustaining economic
development and growth during our transition is essential tocontinuing to improve the quality of life for customers andcommunities in our region. Accordingly, as this transition
occurs, Entergy considers human rights, social equity andenvironmental justice issues important to employees, thecommunities we serve and society as a whole. Entergy
is committed to addressing employees impacted by thetransition. Our robust corporate social responsibility
efforts have focused on poverty elimination and workforce
development for the last two decades. We seek not only to
avoid disproportionate impacts of the investments necessary
for this transition, but also to ensure the economic, healthand environmental benefits of the transition are sharedacross the communities we serve.

Other Technologies – Entergy monitors developments not onlyin the technologies described in this report, but also in newtechnologies that may represent resource options over the
next three decades. Advanced generation technologies anddifferent low- to zero-carbon approaches to generating power
likely will emerge and become commercially viable by 2050.
Uncertainties and Risk – The technologies and strategies
discussed in this report are in various stages of development
and deployment. Some of these are considered “state of themarket,” while others are “state of the art” and some are
nascent. Those that are less developed or deployed present

Entergy’s Capital Plan – Our five-year, $21 billion capitalplan is consistent with and supportive of a transition toa low-carbon power generation fleet and our long-term
commitment to achieving net-zero carbon emissions, while62020 Owned Generation Capacity
COAL
NUCLEAR
RENEWABLESLEGACY GAS(PRE-2000)

MODERN GAS(POST-2000)

2030 Potential 1, 2 Illustrative
LEGACYGASNUCLEAR

RENEWABLES

MODERN GAS
TBDEvaluating conventional
generation, storage andemerging technologies

2050 Potential 1, 2 Illustrative
EMERGINGTECHNOLOGIESMODERN GASZERO-CARBONTECHNOLOGIES

Includes modern gas assets
retrofitted to incorporate
emerging technologies

also improving reliability, strengthening system resiliency
and facilitating integration of low-carbon resources. The
plan also accommodates our ability to create a platform
for innovative products and services and provide customer
solutions optimized by coupling digital technology withanalytics. For the generation fleet, we are investing $9 billion
over the next five years to continue transitioning our fleet
to modern, efficient gas units, support our existing nuclear
assets and integrate a significant amount of renewableenergy generation. Utility-scale renewable generation andhydrogen infrastructure partnerships provide near-term
experience with technologies necessary for meeting a netzero commitment and represent potential future capital
investment opportunities.
Entergy’s 2050 Climate Scenario Analysis
The impact of our two decades of action on our portfoliotransformation strategy is evident in the evolution of ourresource mix since 2000 (our base year). The illustrative
projection for 2030 remains generally consistent with the mix
presented in our 2019 climate report. Below we present theresults of an analysis that includes a comprehensive technology
review and development of an analysis tool to evaluate
integration of the various technology options described
previously in this report. A significant amount of uncertainty
exists with respect to the assumptions on which this scenario
is based. Additionally, some of the modeling assumptions
described below do not necessarily match retirement dates
assumed in regulatory proceedings. The charts presented here
represent an illustrative capacity and generation mix projection
based on Entergy’s current technology points of view.

Assumptions for the Illustrative Scenario• Existing coal – This scenario assumes that all coalpowered capacity is retired by the end of 2030 – Entergy
already has announced our intent to cease burning coal by
the end of 2030;• Pre-2000 gas units – It is assumed that all pre-2000 gas
is retired no later than the 2040s – this would complete
the turnover of the company’s legacy fossil generation
fleet, leaving only post-2000 modern, efficient gas;
• 2000 to 2019 gas units – It is assumed that most of theseunits are retired by 2050; however, for some of these units,
life extension beyond the current planning assumption of 30
years may be required to support the ongoing deployment ofother low- to zero-carbon technologies, but it is assumed that
this vintage of gas generation is fully retired by 2050;• Gas supply decarbonization – Strategies such as cofiring of either renewable natural gas or hydrogen are
deployed beginning in the mid- to late-2020s on modern,efficient gas units;• Carbon capture, utilization and sequestration – This
technology is assumed to be installed on post-2020
modern, efficient gas units beginning in the late-2030s;• Existing nuclear – It is assumed that all nuclear units
receive subsequent license renewal, extending the life of
the fleet beyond 2050;• Advanced nuclear – Entergy assumes that thistechnology becomes available in the 2040s, resulting in
the deployment of 1 gigawatt of capacity by 2050; and,• Renewables and storage – Deployment of renewableenergy sources (some with storage) continues for the next
three decades, ultimately resulting in over 10 gigawattsof capacity.

1- Subject to integrated resource planning processes, economic evaluations and regulatory approvals. 2- Potential 2030 and Potential 2050 portfolios assume technology advancements
and/or declining costs of carbon-free technologies in order to balance environmental stewardship with affordability and reliability; offsets utilized for remaining emissions.

7

While not specifying a supply plan, this scenario illustrates
how Entergy’s 2050 net-zero commitment could be achieved
while meeting all energy and capacity requirements. This view
is not a recommended supply plan and has not undergone aneconomic analysis; rather, it is an example of how Entergy
could reach net-zero emissions if the technologies develop
and a resulting generation portfolio is found to be costeffective and reliable. Specific supply plans will be developedin coordination with our regulators and other stakeholders
and will require regulatory approval consistent with our legal
obligation to provide affordable and reliable energy.

incorporate new technologies into our resource mix due tothe long lead times inherent in the regulatory and resource
planning processes. Entergy will continue to monitor
technology developments that impact the potential use, cost,
efficiency and emissions of these projections.
Entergy’s Three-Phase Approach to Decarbonization

This illustrative scenario will be adjusted over time as
technology develops and evolves, limited by our ability to

The chart below provides some additional context for theillustrative scenario presented in the previous sectionof this report. Entergy’s decarbonization pathway beganover the last two decades and now extends over the next
three decades, meaning that our phased approach spans
five decades.

2001-2020

2020-2030

2030-2050

One of the lowest CO2 emission rates inthe electric power sector

A plan to reduce our carbon intensity 50% by 2030

Committed to net-zero carbon emissions by 2050

Over the coming decade, Entergy is committed toreducing its carbon emissions intensity by 50%
below 2000 levels by 2030, while enabling carbon
reductions throughout the economy (e.g., industry
and transportation).

Entergy is fully committed to achieving net-zero
CO 2 emissions by 2050.

Since 2001, after voluntarily committing
to stabilize and reduce our emissions,Entergy has reduced its carbon
emissions by almost 25%.
Entergy maintains one of the lowest CO 2
emission rates in the industry with a
combination of nuclear, renewable andnatural gas-fired generation.

This generally is in line with scenarios aimed
at limiting global temperature increases to well
below 2°C.*

According to the Intergovernmental Panel on
Climate Change (IPCC), to limit global warming to
1.5°C above pre-industrial levels and avoid the mostcatastropic impacts of climate change, the worldmust reach net-zero CO2 emissions by mid-century.
Technology advancements will be critical tomaking this step change in performance.

* Entergy’s 2030 goal is to reduce its carbon intensity to approximately 532 pounds of CO2 per megawatt hour (lb/MWh) of electricity production. The International Energy Agency’s 2°C
Scenario (2DS) projects a carbon intensity of 514 lb/MWh for the U.S. power sector in 2030, and the Beyond 2°C Scenario (B2DS) projects a carbon intensity of 510 lb/MWh in 2030.

8

Conclusion
Entergy’s leadership in sustainability and environmental
stewardship has been a hallmark of who we are for two
decades. Entergy has one of the lowest carbon dioxide
emission rates in the electric power sector and was the first
U.S. utility to announce a voluntary carbon commitment.
This leadership on climate action continues today with ournear-term 2030 goal and long-term commitment to achieving
net-zero carbon emissions by 2050. Entergy recognizes thattechnological advancements are critical to achieving theseemission reductions and is establishing partnerships andcollaborating across our full value chain on the necessary
technology developments. Our capital plan is in line with a
low-carbon transition, and our leadership is held accountable
for results through Entergy’s executive compensation program.
Entergy is committed to continuing – and strengthening – itsenvironmental stewardship; actively engaging in partnerships
to develop long-term, sustainable climate solutions; realizing
the opportunities that lie ahead of us in meeting our climate
commitment; and driving toward results that benefit ourcustomers, our communities, our society and our world.

Forward-Looking Statements Disclaimer
In this report, and from time to time, Entergy Corporation makes certain“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include,
among other things, statements regarding Entergy’s operational outlooks
and capital plan; statements regarding its environmental plans, goals,
beliefs and expectations, including statements regarding its greenhouse gas
reduction goals and strategies and statements regarding the planned additionof renewable generation, potential technological advances, legacy asset
retirements, nuclear license extensions, offsets and other potential meansof achieving its environmental goals; statements regarding opportunities topartner with customers and others to advance technology development or
reduce societal emissions; and other statements of Entergy’s plans, beliefs, or
expectations included in this presentation.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which apply only as of the date of this presentation. Except to theextent required by the federal securities laws, Entergy undertakes no obligation
to publicly update or revise any forward-looking statements, whether as a resultof new information, future events, or otherwise. Forward-looking statements
are subject to a number of risks, uncertainties, and other factors that could
cause actual results to differ materially from those expressed or implied in suchforward-looking statements, including (a) those factors discussed elsewherein this presentation and in Entergy’s most recent Annual Report on Form 10-K,
any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports

and filings made under the Securities Exchange Act of 1934; (b) uncertainties
associated with (1) rate proceedings, formula rate plans, and other cost recovery
mechanisms, including the risk that costs may not be recoverable to the extent
anticipated by the utilities and (2) implementation of the ratemaking effects ofchanges in law; (c) uncertainties associated with efforts to remediate the effects
of major storms and recover related restoration costs; (d) risks associated with
operating nuclear facilities, including plant relicensing, operating, and regulatory
costs and risks; (e) changes in decommissioning trust fund values or earnings or in
the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislativeand regulatory actions and risks and uncertainties associated with claims or
litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties
associated with execution on our business strategies, including strategictransactions that Entergy or its subsidiaries may undertake and the risk thatany such transaction may not be completed as and when expected and the riskthat the anticipated benefits of the transaction may not be realized; (h) effects ofchanges in federal, state, or local laws and regulations and other governmental
actions or policies, including changes in monetary, fiscal, tax, environmental,
or energy policies; (i) the effects of changes in commodity markets, capital
markets, or economic conditions; (j) impacts from a terrorist attack, cybersecurity
threats, data security breaches, or other attempts to disrupt Entergy’s businessor operations, and/or other catastrophic events; (k) the direct and indirect
impacts of the COVID-19 pandemic on Entergy and its customers; and (l) the
effects of technological change, including the costs, pace of development andcommercialization of new and emerging technologies.

9