New Orleans, La. – Today’s announcement from the U.S. Department of Justice
has cleared the way for the acquisition by two Entergy Corporation utility
subsidiaries of the Hot Spring and Hinds power plants from units of KGen Power
Corporation, paving the way for both transactions to close by the end of 2012.
The transactions had already received the necessary regulatory approvals to
close, including approvals from the Federal Energy Regulatory Commission and
applicable state utility commissions. As a result, the transactions are
expected to close by the end of 2012, subject to customary closing conditions.
Entergy Arkansas, Inc. is purchasing the 620-megawatt Hot Spring plant from
KGen Hot Spring LLC. The total expected cost is $277 million. The
combined-cycle natural gas-fired plant, which started commercial operations in
2002, is located in Hot Spring County, Ark.
Entergy Mississippi, Inc. is buying the 450-megawatt Hinds plant from
KGen Hinds LLC. The total expected cost is $246 million. The Hinds plant,
also a combined-cycle natural gas-fired unit, began operations in 2001 and is
located in Jackson, Miss.
Entergy Corporation is 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 more than 10,000 megawatts of nuclear power, making it one
of the nation’s leading nuclear generators. Entergy delivers electricity to 2.8
million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy
has annual revenues of more than $11 billion and approximately 15,000 employees.
Additional investor information can be accessed online at