Entergy continues to see significant business and industrial growth across its region over the next several years, said Chairman and CEO Drew Marsh, during the company’s 74th annual shareholders meeting that was held virtually today.
Entergy Future Ready
We are building a cleaner, more resilient and sustainable energy future for everyone. We're transforming our company to meet new opportunities and better serve the 3 million customers who depend on us every day. We're modernizing and strengthening our power grid in a thoughtful way that balances affordability, reliability and sustainability. By partnering with our customers on innovative energy solutions, we are helping them meet their desired outcomes. And we're accelerating our work to strengthen the power grid and expand our clean energy generation, all while reducing our own greenhouse gas emissions to net-zero. These energy solutions will deliver many benefits and create value for all our stakeholders for many years to come.
We're strengthening the power grid to withstand more frequent and severe storms
Our customers and communities depend on us to deliver reliable energy service to help power their daily lives. And building a more resilient power grid is a year-round effort that we've been focused on for decades, including investing more than $10 billion on strengthening transmission and distribution electric infrastructure over the last five years.
Now, we're adapting to meet changing needs and address the threat of severe weather that has been impacting our region with increased strength and greater frequency. We're evaluating a range of options to accelerate investment for added resilience to the grid and we are having conversations with regulators and other stakeholders to help make our communities more resilient.
Building electrical infrastructure strong enough to withstand the increased strength and frequency of storms is an important decision that must balance affordability, reliability and sustainability. The need today is for accelerated implementation of such enhancements to reduce risk to our customers and communities.
Entergy green solutions
We're helping our customers achieve their desired outcomes
We are partnering with our customers to develop innovative energy solutions to help our customers meet their environmental goals. To meet customer demand for clean energy capacity, we see the potential for up to 17 gigawatts of renewable energy generation in our portfolio by 2031.
Customers can save energy and money through a variety of energy efficiency programs and incentives that we offer for homes and businesses. Our green tariff programs give customers the flexibility to reduce their greenhouse gas emissions through renewable power credits. And our electrification solutions allow customers to lower their emissions and reduce fuel and maintenance costs while relying on Entergy's power grid for clean electricity at rates well below the national average.
Clean energy future
We're building a cleaner, sustainable energy future for everyone
We are actively working toward a clean energy future for our customers and communities. We are doing our part by operating one of the cleanest large-scale power generating fleets in the United States. But we're not resting there. We are committed to achieving net-zero greenhouse gas emissions by 2050. Over the next three decades and setting short-term targets along the way, we will work to reduce carbon emissions from all our operations as low as possible.
We're also partnering with our customers to help them achieve their own environmental goals. Our 2050 climate commitment includes all of Entergy's businesses, all greenhouse gases and all scopes of greenhouse gas emissions.
Storm response is a meticulously orchestrated production that Entergy trains and drills for year-round. Well before a storm strikes, employees transition to storm roles and prepare to support service restoration.
Even though several lines had to be de-energized during the flood event, most customers never lost power because of the looped design of Entergy’s electrical system.