Katrina @10. The Power of Hope.
In 2005, Hurricanes Katrina and Rita cut a 90,000-square-mile swath across Entergy's service area. The twin storms triggered a flood that swamped New Orleans, took the lives of more than 1,800 people and displaced more than over a million, destroyed some 300,000 homes and left 1.1 million of Entergy's then 2.7 million customers powerless. The extent of the devastation convinced many that New Orleans could not be rebuilt. Some even questioned whether it should be rebuilt. But for one company and its employees, there was never any doubt.
Despite their own personal losses, Entergy employees mobilized their resources to restore hope, not just power, to the community. Entergy provided immediate help through The Power of Hope Fund which raised $4.2 million in direct aid for those impacted by the storm. And during the 10 years since the storms, Entergy has invested an additional $37 million and thousands of hours of volunteer service to create a stronger, better educated, more vibrant and sustainable New Orleans for the future.
In helping the community to rebuild, Entergy has focused its philanthropic and volunteerism efforts in three major areas -- public education, affordable housing, and sustainability/revitalization. Recognizing the power of collaboration, we partnered with more than 200 New Orleans area non-profits and governmental organizations. Additionally, we aggressively sought opportunities where Entergy's resources could leverage other sources of funding and challenged our partners to collaborate with others to develop innovative solutions to common problems.