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February 26, 2004
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February 26, 2004
Donald C. Hintz
President, Entergy Corporation
"The Promising Potential of New Nuclear "
American Association of Blacks in Energy
New Orleans, Louisiana
February 26, 2004
(Title Slide)
Good afternoon. It is good to see so many of you still with us – here at the end of the AABE conference in New Orleans – in spite of the all-night festivities of Mardi Gras. Glad you made it through the past few nights.
(Slide 2 – Two Things)
Let’s talk about the future. Entergy doesn’t have a crystal ball … but there are two things we know. There is a finite supply of oil and gas. And second, environmental rules and regulations are going to get stricter … and stricter. World oil supply is predicted to crest in 2010 and slowly decline thereafter. Natural gas supply is expected to crest later in the decade, about 2017.
(Slide 3 – Who Is Entergy?)
First, let me tell you a little about Entergy – who we are and what we do. Entergy is the fourth largest utility in the U.S.
As you can see, Entergy has been recognized in the last couple of years for its stellar performance in several areas. And Entergy’s stockholders have recognized our above-average performance – they have bid up Entergy stock from $45 a share a year ago today to trading around $60 today.
(Slide 4 – Who Is Entergy in Air Emissions)
Entergy today is one of the cleanest electric utilities in the U.S., as you can see from this chart. Entergy is among the lowest emitters of all four of the principal pollutants today – carbon dioxide in the upper left, nitrogen dioxide in the upper right, sulfur dioxide in the lower left and mercury in the lower right. The small orange bar shows where Entergy is, measured by pounds of pollutant per megawatt- or terawatt-hour.
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