ENTERGY CORPORATIONCODE OF BUSINESS CONDUCT AND ETHICS

The Board of Directors (the "Board") of Entergy Corporation (the "Company") has adopted thefollowing Code of Business Conduct and Ethics (the "Code") for the Company’s directors, executive officers
and for all employees of the Company or any corporation, partnership, trade or business in which theCompany has a direct or indirect majority ownership interest (collectively, “Entergy Representatives”). This
Code is intended to: a) provide guidance to help Entergy Representatives recognize and deal with ethicalissues; b) provide mechanisms to report unethical conduct; and c) help foster a culture of honesty,accountability and mutual respect. It is expected that each Entergy Representative will comply with the letterand spirit of this Code.
1.

Conflicts of Interest

An Entergy Representative shall not allow his or her private interest to interfere with the interests of
the Company as a whole. A “conflict of interest” occurs when an Entergy Representative takes actions or hasinterests that make it difficult to perform his or her duties objectively and effectively. Conflicts of interest may
also arise when an Entergy Representative, or a member of his or her immediate family, receives improper
personal benefits as a result of his or her position with the Company. Entergy Representatives must avoid,and may not have, conflicts of interests with the Company.
Any action by, or interest of, a director that creates, or may reasonably be expected to create, a conflictof interest with the Company must be disclosed immediately by the director to the Chair of the Corporate
Governance Committee. The Corporate Governance Committee will review and analyze all such disclosures.
If the Committee believes that a conflict of interest exists, the Committee Chair, in coordination with theChairman of the Board, shall present this finding to the entire Board for appropriate action.
If an officer or employee has any reason to believe that he or she has a conflict of interest or a potential
conflict of interest, then the officer or employee shall take the actions required in the Company’s Conflict ofInterest Policy.
2.

Corporate Opportunities

Business opportunities that come to Entergy Representatives through access to Company property or
information belong to the Company. Entergy Representatives are prohibited from: (a) taking for themselves
personally opportunities that are discovered through the use of corporate property, information or the Entergy
Representative’s position; (b) using the Company's property or information, or the Entergy Representatives
position, for personal gain; or (c) competing with the Company, directly or indirectly, for business
opportunities, provided, however, if the Company's disinterested directors determine that the Company will
not pursue an opportunity that relates to the Company's business, an Entergy Representative may do so.

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ConfidentialityEntergy Representatives must maintain the confidentiality of non-public information that they acquirein carrying out their duties and responsibilities, except where disclosure is approved by the Company or legally
mandated. Confidential information includes, without limitation, trade secrets, nonpublic financial andoperational information, customer information, unreleased plans or forecasts, vendor and customer
information, formulas, designs and other inventions covered by a patent, copyright or trademark, employee
information and records where the possession of such information was obtained as part of their formal duties,
other corporate and personal information and information that, if not properly safeguarded, might impair thesecurity or privacy of the Company’s facilities or personnel.
4.

Protection and Proper Use of Company Assets

Entergy Representatives shall protect Company assets and should only use Company property for
official Company business. Entergy Representatives may not use Company time, supplies, equipment, tools,buildings or other assets for personal benefit without prior authorization.
5.

Ethical Behavior and Fair Dealing

The Company’s reputation for ethical behavior is critical to its success. Directors must lead byexample and act with integrity and honesty to promote an environment that encourages the Company’sofficers and employees to sustain and enhance the Company’s reputation.
Each Entergy Representative has a responsibility to act honestly and transparently with theCompany’s customers, suppliers and other employees, and to treat each other, as well as the Company’scustomers, suppliers and competitors, with fairness and respect. The Company will always participate in themarketplace fairly and lawfully and Entergy Representatives shall refuse to participate in any conduct orpractice that is intended to take unfair advantage of anyone, including through manipulation, concealment,
abuse of privileged information, misrepresentation of material facts or any other unfair dealing practices.
6.

Compliance with Laws, Rules and Regulations

Entergy Representatives shall comply with all laws, rules and regulations applicable to the Company,
including securities laws and the Company’s policies governing trading of securities.
7.

Special Provisions Relating to Principal Executive Officer and Senior Financial Officers

The principal executive officer and senior financial officers responsible for the preparation, evaluationand dissemination of financial information hold an important and elevated role in corporate governance.
Therefore, the Company expects that such personnel will adhere to and advocate the following principles andresponsibilities governing professional and ethical conduct.
To the best of their knowledge and ability, such personnel shall:•Act with honesty and integrity, ethically handling actual or apparent conflicts of interest in personal
and professional relationships.

•Provide full, fair, accurate, timely and understandable disclosure in reports and documents thatthe Company files with, or submits to, the Securities and Exchange Commission and in public
communications made by the Company.

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Page 38.

•

Comply with applicable laws, rules and regulations of federal, state, provincial and local
governments, and other appropriate private and public regulatory agencies.

•Act in good faith, responsibly, with due care, competence and diligence, without misrepresenting
material facts or allowing independent judgment to be subordinated.

•Respect the confidentiality of information acquired in the course of work except when authorizedor otherwise legally obligated to disclose. Confidential information acquired in the course of work
shall not be used for personal advantage.

•Share knowledge and maintain skills important and relevant to constituents’ needs.

•

Proactively promote ethical behavior as a responsible colleague among peers in the work
environment and community.

Waivers of the Code of Business Conduct and Ethics

Any waiver of this Code for a director or an executive officer of the Company may be made only by
the Board, following a recommendation by the Corporate Governance Committee, and must be promptlydisclosed to the Company’s shareholders.
9.

Failure to Comply; Compliance ProceduresEntergy Representatives, who are employees, should read this Code in conjunction with the Code ofEntegrity and any other applicable Entergy codes or policies. A failure by any Entergy Representative tocomply with the laws or regulations governing the Company’s business, this Code or any other applicableCompany policy or requirement may result in disciplinary action and, if warranted, legal proceedings.
No code or policy can anticipate every situation that may arise. Accordingly, this Code is intended toserve as a source of guiding principles for directors. Directors are encouraged to bring questions about
particular circumstances that may implicate one or more of the provisions of this Code to the attention of theChair of the Corporate Governance Committee, who may consult with inside or outside legal counsel as
appropriate. Directors should communicate any suspected violations of this Code, including any unethicalbehavior or violation of law or governmental rule or regulation, promptly to the Lead Director, the Chairman
or the Chair of the Corporate Governance Committee. The Corporate Governance Committee, or a person
or persons designated by that Committee, will investigate violations and, where necessary, makerecommendations to the Board. Entergy Representatives, who are employees, should report any known,suspected or potential violations of any such laws or regulations or this Code according to the procedures
provided in the Company’s Code of Entegrity and other applicable Company policies.
This Code does not create any employment contract or any other contractual obligation between anemployee and the Company. This Code is not intended to, and shall not be construed to, interfere with orrestrict any rights provided by law, including those afforded under the National Labor Relations Act. Nothing
in this policy will be construed to limit an employee’s right to speak with others regarding wages and otherterms and conditions of employment or to exercise any other legally protected right. Employees should readthis Code in conjunction with the Company's Code of Entegrity and any other applicable code of conduct ofthe Company.
December 4, 2020