Entergy Corp. (ETR) just unveiled an update.
Entergy Arkansas is set to appeal a U.S. District Court decision against their challenge of the Arkansas Public Service Commission’s denial of $135 million in payments related to electricity sales. The court’s ruling necessitates a $132 million charge to Entergy Arkansas’ first-quarter earnings for 2024, although this will not affect the company’s cash flow or credit outlook. Furthermore, Entergy assures that this charge will be excluded from its adjusted earnings calculations and will not impact its adjusted earnings per share outlook. Despite the court ruling, the company’s forward-looking statements remain subject to various risks and uncertainties that could influence actual outcomes.
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