Entergy sees progress on Arkansas data center deal, strong Q3 sales — SkimNews
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- Entergy reported third-quarter earnings up more than 20% year over year and total electricity sales up 5%, helped by warmer-than-average weather across its four-state territory.
- Google would pay $600 million toward battery systems under Entergy’s amended Arkansas service agreement; approval would spare ratepayers at least $500 million more than the previously agreed $1.6 billion.
- Arkansas Public Service Commission is scheduled to hear Entergy’s amended Google application in January; the proposal adds 350 MW of battery storage at two sites and 440 MW of Pattern Energy’s Big Island Solar to serve Google’s West Memphis data center.
- Louisiana Public Service Commission staff reached a settlement with Entergy that the company says resolves all outstanding issues among the utility, staff and one intervenor concerning Meta’s planned Hyperion campus; the commission votes next month.
- Entergy Louisiana plans $12.9 billion for seven combined-cycle gas-fired plants with 5,278 MW of capacity, a $1.4 billion transmission line and 200 MW of batteries for Meta’s Hyperion campus, and has asked regulators to approve a sustainability agreement under which Meta would cover 2,500 MW of renewables and storage.
- Entergy raised projected four-year capital spending to about $55 billion as of Sept. 30, while much of the future growth represented by a 7 GW-to-12 GW data-center pipeline and 3 GW-to-5 GW of industrial discussions is not yet in its near-term capital plan.
- Entergy said Google’s amended agreement allows Arkansas base rates to stay flat, while Meta would offset some Louisiana infrastructure costs but not necessarily make Louisiana rates flat.
Why it matters: If approved, Arkansas ratepayers would gain at least $500 million beyond the earlier $1.6 billion arrangement, and Google would contribute $600 million toward batteries. In Louisiana, Meta would offset some infrastructure costs but not necessarily restore flat rates as in Arkansas, leaving the two data-center deals materially different for utility customers.
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