NEW ORLEANS, Nov. 16, 2020 /PRNewswire/ -- Entergy
Louisiana, LLC, a subsidiary of Entergy Corporation (NYSE: ETR),
announced today that on Dec. 16, 2020
(the "Redemption Date"), it will redeem all (i) $200,000,000 principal amount of its outstanding
First Mortgage Bonds, 5.25% Series due July
1, 2052 (the "2052 Bonds") and (ii) $100,000,000 principal amount of its outstanding
First Mortgage Bonds, 4.70% Series due June
1, 2063 (the "2063 Bonds"), at the redemption price of 100%
of the principal amount of the 2052 Bonds and 100% of the principal
amount of the 2063 Bonds (each, a "Redemption Price"), plus accrued
interest thereon to but excluding the Redemption Date. The 2052
Bonds and the 2063 Bonds are each listed on the New York Stock
Exchange and trade under the symbols ELJ and ELU, respectively.
On the Redemption Date, provided that the trustee has received
sufficient funds to complete the redemption of the 2052 Bonds and
the 2063 Bonds, the Redemption Price for the 2052 Bonds and the
Redemption Price for the 2063 Bonds, in each case, together with
accrued interest thereon to but excluding the Redemption Date,
shall become due and payable, and on and after the Redemption Date,
such 2052 Bonds and 2063 Bonds shall cease to bear interest.
Payment of the Redemption Price for, and accrued interest on, the
2052 Bonds and 2063 Bonds will be made on or after the Redemption
Date upon presentation and surrender of such bonds to The Bank of
New York Mellon, Bondmaster Ops – Syracuse – Vault, 111 Sanders Creek Parkway,
East Syracuse, New York 13057.
About Entergy Louisiana
Entergy Louisiana, LLC provides electric service to more than 1
million customers and natural gas service to more than 93,000
customers in the greater Baton
Rouge area. It has operations in southern, central and
northern Louisiana. Entergy
Louisiana is a subsidiary of Entergy Corporation (NYSE: ETR), an
integrated energy company engaged primarily in electric power
production and retail distribution operations. Entergy owns and
operates power plants with approximately 30,000 megawatts of
electric generating capacity, including 8,000 megawatts of nuclear
power. Entergy delivers electricity to 2.9 million utility
customers in Arkansas,
Louisiana, Mississippi and Texas. Entergy has annual revenues of
approximately $11 billion and
approximately 13,600 employees.
entergy.com
facebook.com/Entergy
Twitter: @Entergy
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SOURCE Entergy Corporation