Report: Entergy Corporation Nuclear Operational Analysis TOC

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2 Company Snapshot 10
2.1 Key Information 10
2.2 Company Overview 10
2.3 Financial Performance 10
2.4 Industry Outlook - Nuclear 10
2.5 SWOT Snapshot 11
3 Entergy Corporation Nuclear Operational Analysis 12
3.1 Entergy Corporation Operable Commercial Reactors 12
4 Reactor Details 14
4.1 Reactor Details, Arkansas Nuclear One - Unit 1 14
4.2 Reactor Details, Arkansas Nuclear One - Unit 2 16
4.3 Reactor Details, Grand Gulf 1 19
4.4 Reactor Details, Indian Point 2 21
4.5 Reactor Details, Indian Point 3 23
4.6 Reactor Details, James A FitzPatrick 26
4.7 Reactor Details, Pilgrim 1 28
4.8 Reactor Details, River Bend 1 31
4.9 Reactor Details, Vermont Yankee 1 33
4.10 Reactor Details, Waterford 3 36
5 Business Description 39
5.1 Business Overview 39
5.2 All Other 39
5.2.1 Overview 39
5.2.2 Production 39
5.2.3 Financials 39
5.2.4 Capital Investment 39
5.3 Non Utility Nuclear 39
5.3.1 Overview 39
5.3.2 Production 40
5.3.3 Financials 40
5.3.4 Market View 40
5.3.5 Key Strategies 41
5.3.6 Capital Investment 41
5.4 Utility 41
5.4.1 Overview 41
5.4.2 Production 42
5.4.3 Financials 42
5.4.4 Market View 42
5.4.5 Key Strategies 43
5.4.6 Capital Investment 43
5.5 Major Products and Services 43
5.5.1 Overview 43
6 History 44
7 Business Strategy 47
7.1 Mission Statement 47
7.2 Strategy 47
7.3 Corporate Social Responsibility 47
7.3.1 Overview 47
8 Value Chain Analysis 49
8.1 Consulting 49
8.1.1 Overview 49
8.1.2 Financials, Production and Major Projects 50
8.2 Power Generation 50
8.2.1 Overview 50
8.2.2 Financials, Production and Major Projects 50
8.3 Distribution 50
8.3.1 Overview 50
8.3.2 Financials, Production and Major Projects 50
9 SWOT Analysis 51
9.1 Overview 51
9.2 Entergy Corporation Strengths 51
9.2.1 Improving Financial Performance 51
9.2.2 Broad Products Portfolio 51
9.2.3 Market Leader in Nuclear Generation 52
9.3 Entergy Corporation Weaknesses 52
9.3.1 Litigations 52
9.3.2 Spent Nuclear Fuel Storage 52
9.3.3 Credit Ratings 52
9.4 Entergy Corporation Opportunities 53
9.4.1 Acquisitions of Power Plant 53
9.4.2 Higher Growth Prospects for Renewable Sector 53
9.4.3 Untapped Foreign Market 53
9.5 Entergy Corporation Threats 53
9.5.1 Laws and Regulations 53
9.5.2 Operating Risks 54
10 Competitors 55
11 Revenue Analysis 56
11.1 Revenue by Segment 56
12 Financial and Operational Review 57
12.1 Financial Statements 57
12.2 Financial Ratios 58
13 Operational Indicators 59
14 Share Holding Structure 60
15 Key Employees 61
16 Key Employee Biographies 62
17 Company Statement 63
18 Locations And Subsidiaries 68
18.1 Head Office 68
18.2 Other Locations & Subsidiaries 68
19 Financial Deals Landscape 70
19.1 Entergy Corporation, Deals Volume Summary, 2004 to YTD 2009 70
19.2 Entergy Corporation, Deals Summary By Region, 2004 to YTD 2009 71
19.3 Entergy Corporation, Deals Summary, 2004 to YTD 2009 72
19.4 Entergy Corporation Detailed Deal Summary 73
19.4.1 Asset Purchase 73
19.4.2 Merger 80
19.4.3 Acquisition 81
19.4.4 Equity Offerings 83
19.4.5 Debt Offerings 85
19.4.6 Partnerships 86
20 Recent Developments 89
20.1 New Contracts 89
20.1.1 Sep 16, 2008: Shaw Group Expands Existing Contract With Entergy To Provide Nuclear Maintenance Services 89
20.1.2 Mar 31, 2008: Foster Wheeler Wins Contract From Entergy Louisiana To Supply Two CFB Steam Generators 89
20.1.3 Feb 12, 2008: AMSC Receives Orders From Two Electric Utilities For Its D-VAR Solution 89
20.2 Operations Updates 90
20.2.1 Dec 24, 2008: Entergy' s 685 MW Pilgrim Nuclear Power Station Returns To Full Power 90
20.2.2 Dec 24, 2008: Entergy' s 836 MW Unit 1 At Arkansas Nuclear One Power Station Increases Up To 98% Power 90
20.2.3 Dec 23, 2008: Entergy' s 685 MW Pilgrim Nuclear Power Station Increases Up To 23% Power 90
20.2.4 Dec 22, 2008: Entergy Shuts Its 836 MW Unit 1 At Arkansas Nuclear One Power Station 90
20.2.5 Dec 22, 2008: Entergy' s 685 MW Pilgrim Nuclear Power Station Decreases Up To 1% Power 91
20.2.6 Dec 15, 2008: Entergy' s 836 MW Unit 1 At Arkansas Nuclear One Power Station Exits Outage And Increases Up To 93% Power 91
20.2.7 Dec 12, 2008: Entergy' s 836 MW Unit 1 At Arkansas Nuclear One Power Station Exits Outage And Increases Up To 11% Power 91
20.2.8 Dec 12, 2008: Entergy Decreases Power To 82% At 620 MW Vermont Yankee Nuclear Power Station 92
20.2.9 Nov 18, 2008: Entergy' s 1,266 MW Grand Gulf Nuclear Power Station Decreases To 65% Power 92
20.2.10 Nov 11, 2008: Entergy' s 620 MW Vermont Yankee Nuclear Power Station Increases Up To 67% Power 92
20.2.11 Nov 10, 2008: Entergy' s 620 MW Vermont Yankee Nuclear Power Station Exits Refueling Outage And Increases Up To 23% Power 93
20.2.12 Nov 03, 2008: Entergy' s 1,266 MW Grand Gulf Nuclear Power Station Increases Up To 81% Power 93
20.2.13 Sep 25, 2008: Entergy' s River Bend Nuclear Power Reactor Ramps Up To 92% Power 94
20.2.14 Sep 22, 2008: Entergy' s Vermont Yankee Nuclear Power Station Back At Full Power 94
20.2.15 Sep 15, 2008: Entergy' s FitzPatrick Nuclear Unit In New York Shut Down For Refueling And Maintenance 94
20.2.16 Sep 11, 2008: Entergy' s Nuclear Unit 3 At Waterford Power Station In Louisiana Ramps Up To 64% Power 94
20.2.17 Aug 25, 2008: Entergy' s Indian Point Energy Center In New York Prone To Earthquake 95
20.2.18 Aug 08, 2008: NRC Begins Inspection At Entergy' s Palisades Nuclear Power Plant 95
20.2.19 Aug 07, 2008: Entergy 967 MW River Bend Nuclear Power Reactor Returns To Full Power 96
20.3 Financial Announcements 96
20.3.1 Oct 31, 2008: Entergy Declares Quarterly Dividend 96
20.3.2 Oct 28, 2008: Entergy Reports 3Q 2008 Results 96
20.3.3 Oct 16, 2008: Entergy Announces Preliminary 3Q 2008 Earnings Guidance 99
20.3.4 Jul 29, 2008: Entergy Reports 2Q 2008 Results 99
20.3.5 Jul 25, 2008: Entergy Declares Quarterly Dividend 101
20.3.6 Jul 17, 2008: Entergy Provides Preliminary 2Q 2008 Earnings Guidance 101
20.3.7 Apr 25, 2008: Entergy Reports 1Q 2008 Results 102
20.3.8 Apr 08, 2008: Entergy Declares Quarterly Dividend 104
20.3.9 Jan 29, 2008: Entergy Reports Q4 2007 Results 104
20.3.10 Jan 25, 2008: Entergy Declares Quarterly Dividend 105
20.3.11 Nov 05, 2007: Entergy Reports 3Q 2007 Results 106
20.3.12 Nov 05, 2007: Entergy Reports Q3 2007 Results 107
20.3.13 Oct 26, 2007: Entergy Declares Quarterly Dividend 109
20.3.14 Oct 17, 2007: Entergy Declares Preliminary Q3 2007 Earnings Guidance 109
20.3.15 Jul 31, 2007: Entergy Declares Quarterly Dividend 110
20.3.16 Jul 31, 2007: Entergy Declares Q2 2007 Results 110
20.3.17 Apr 26, 2007: Entergy Reports Q1 2007 Results 112
20.3.18 Apr 04, 2007: Entergy Declares Quarterly Dividend 114
20.3.19 Jan 30, 2007: Entergy Reports Q4 2006 Results 114
20.3.20 Jan 26, 2007: Entergy Declares Quarterly Dividend 116
20.4 Strategy and Business Planning 117
20.4.1 Dec 10, 2008: Entergy' s COL Accepted By NRC For Review 117
20.4.2 Sep 25, 2008: Entergy Files License Application With NRC To Build Nuclear Plant In Louisiana 117
20.4.3 Sep 09, 2008: Entergy Receives Renewal Approval From NRC For FitzPatrick Nuclear Power Plant 118
20.4.4 Aug 27, 2008: FPL, Georgia Power, Entergy And Progress Energy Considering New Nuclear Power Projects 119
20.4.5 Aug 25, 2008: Entergy, New York Reach Deal Tied to Nuclear-Power Spinoff 119
20.4.6 Jul 28, 2008: Entergy Receives Approval From NRC To Transfer Operating Licenses Of Nuclear Power Plants 119
20.4.7 Jul 28, 2008: Entergy Teams With Taiwan Power To Allow Long Term Operations At Kuosheng Nuclear 119
20.5 Other Significant Developments 121
20.5.1 Oct 17, 2008: Entergy Appoints New VP At Vermont Yankee 121
20.5.2 Aug 22, 2008: Entergy Appoints EVP, General Counsel And CLO For Enexus 121
20.5.3 Aug 22, 2008: Sirens At Indian Point Nuclear Power Plant In New York Wins Approval 121
20.5.4 Jul 29, 2008: Entergy Receives Environmental Approval For James A. FitzPatrick Nuclear Power Plant 122
20.5.5 Jul 10, 2008: Entergy Appoints CFO To Enexus 123
20.5.6 Jun 27, 2008: Entergy Louisiana Seeks Approval To Replace Waterford 3 Steam Generators 123
20.5.7 Mar 05, 2008: Entergy Nuclear Appoints SVP Of Planning, Development And Oversight 124
20.5.8 Feb 06, 2008: Entergy Appoints George O' Connor As Head Of Washington Office 125
20.5.9 Oct 05, 2007: Entergy Appoints General Manager Of Plant Operations At Indian Point Energy Center 126
20.5.10 May 08, 2007: Entergy Chief Accounting Officer To Retire 126
21 Appendix 128
21.1 Methodology 128
21.2 About Global Markets Direct 128
21.3 Contact Us 128
21.4 Disclaimer 128

1.1 List of Tables
Table 1: Entergy Corporation,Key Facts, 2007 10
Table 2: Operable Commercial Reactors 12
Table 3: Reactor Details, Arkansas Nuclear One - Unit 1 14
Table 4: Reactor Details, Arkansas Nuclear One - Unit 2 16
Table 5: Reactor Details, Grand Gulf 1 19
Table 6: Reactor Details, Indian Point 2 21
Table 7: Reactor Details, Indian Point 3 23
Table 8: Reactor Details, James A FitzPatrick 26
Table 9: Reactor Details, Pilgrim 1 28
Table 10: Reactor Details, River Bend 1 31
Table 11: Reactor Details, Vermont Yankee 1 33
Table 12: Reactor Details, Waterford 3 36
Table 13: Entergy Corporation, SWOT Analysis , 2007 51
Table 14: Entergy Corporation, Revenue by Segment, USD Thousand, 2003-2007 56
Table 15: Entergy Corporation, Financial Statements, USD Thousand, 2003-2007 57
Table 16: Entergy Corporation, Financial Ratios, USD Thousand, 2003-2007 58
Table 17: Entergy Corporation Operational Indicators, 2003-2007 59
Table 18: Entergy Corporation, Share Holding Structure 60
Table 19: Entergy Corporation, Key Employees, 2007 61
Table 20: Entergy Corporation, Other Locations 68
Table 21: Entergy Corporation, Subsidiaries 69
Table 22: Entergy Corporation, Deals Summary, 2004 to YTD 2009 70
Table 23: Entergy Corporation, Deals Summary by Region, 2004 to YTD 2009 71
Table 24: Entergy Corporation, Deals Summary, 2004 to YTD 2009 72
Table 25: Consumers Energy Sells Palisades Nuclear Power Plant To Entergy 73
Table 26: Entergy Acquires Vermont Yankee Nuclear Plant For $180 Million 74
Table 27: Entergy Acquires Majority Interest In Iowa Wind Farm From Zilkha Renewable Energy And Midwest Renewable Energy 75
Table 28: Entergy Acquires Nuclear Assets From Consolidated Edison 76
Table 29: Calpine Acquires Saltend Energy Centre From Entergy 77
Table 30: Calpine Acquires Freestone Energy Center From Entergy 78
Table 31: Entergy Gulf States To Acquire The Calcasieu Generating Facility From Dynegy 79
Table 32: FPL Group And Entergy Terminates Merger Agreement 80
Table 33: Enel Acquires Maritza East III Power Holding 81
Table 34: Entergy Sells Edegel to Southern Cone Power 82
Table 35: Entergy Completes $500 Million Equity Units IPO 83
Table 36: Entergy Announces To Sell $1,200 Million Mortgage Bonds 85
Table 37: Entergy Forms Partnership With Its Nuclear Business 86
Table 38: Cameco Partners With Urenco, Westinghouse Electric, Exelon Generation, Entergy Louisiana Holdings And Claiborne Energy 87

1.2 List of Figures
Figure 1: Entergy Corporation Capacity Distribution 12
Figure 2: Entergy Corporation, Value Chain Analysis 49
Figure 3: Entergy Corporation, Deals Volume Summary, 2004 to YTD 2009 70
Figure 4: Entergy Corporation, Deals Summary by Region, 2004 to YTD 2009 71