ETREntergy Corporation

“We now expect approximately 8.5% compound annual Retail sales growth through 2029, driven by 16% Industrial growth. Data centers continue to be a significant driver along with growth from a variety of traditional Gulf South industries, including LNG, industrial gases, petrochemicals, agricultural chemicals and primary metals.”

“in Mississippi, we've talked before about Super Power in Mississippi, where they're deploying $300 million of capital without incremental cost to customers because of the embedded costs that AWS is supporting enables us to continue to make investments for customers without incremental cost.”

“Our customer-centric forward year capital plan is now $57 billion, which is [ $14 billion ] higher than our plan last quarter. The increase includes the investment needs resulting from the new customer agreement, primarily 7 new CCCTs as well as Battery Storage projects.”

“In late March, we announced a new Electric Service Agreement with Meta for another data center in North Louisiana. The Fair Share value from this agreement alone is expected to be $2 billion, which is included in the $7 billion I mentioned.”

“In the Plus category, over the next 20 years, Meta has made other commitments. $140 million for energy efficiency programs and $60 million for our Power to Care program.”

“Beyond the Meta agreement, so far this year, we have signed ESAs totaling over 1,000 megawatts. These agreements were from multiple industries across all our operating companies, and they indicate that customer growth beyond data centers remains robust in our region. We also continue to receive data center interest within our service area. After all agreements signed to date, including the recent agreement with Meta, we still have a pipeline of 7 gigawatts to 12 gigawatts of potential data center customers that are not in our plan.”

“The investment includes 7 new combined cycle units, transmission infrastructure and battery storage facilities. The cost of the proposed facilities will be covered by payments from Meta, whether from their tariff or other contributions, yet all customers will realize reliability and resilience benefits and lower fuel costs from these investments.”

“we have to build to support this customer. You see that in the CCCT deployment, which come online in '30 and '31. So they are able to get some ramp in the period, but your full loads aren't going to come online until all of those offsets come online.”

“We also agreed to pursue another 2.5 gigawatts of renewables, and further investigate CCS, nuclear upgrades and new nuclear to support Meta's clean energy goals.”

“2,500 megawatts in this Meta agreement, 1,500 megawatts in the previous agreement, all provides a good framing around incremental solar that we could have”

“I would reference you back to our 7 to 12 gigawatts, which is not OpCo specific, but that's our enterprise view of the data centers. We don't provide that breakdown sort of either where they are in the pipeline or where they are specifically by OpCo. But still, significant opportunity before us”

“one of the things that I just got to remind you of here in the room, we probability weight those non-data centers projects. So those are still probability weighted. They're not all in at 100%. And as Kimberly noted in our remarks, the data centers only go in whenever we have a signed ESA.”

“As a reminder, we only add hyperscale data centers to our plan once we have a signed Electric Service Agreement, and then we include them at minimum bill levels. This conservative approach ensures that we can count on the revenue that we've included in our plan.”

“Drew did confirm that even after this agreement, our pipeline is still 7 to 12 gigawatts and that underscores the fact that we continue to see that pipeline, things move through the pipeline and that pipeline refresh.”

“what's not in the plan is the renewables that are under the agreement as well as some of the nuclear pieces. So certainly, there is more opportunity, both in the period and beyond.”

“For several years, we've worked with stakeholders to recruit data centers and capture the transformative impact they can have on our communities through investment, jobs and other support, while at the same time, protecting and benefiting existing customers.”

“we are supportive of any of the technology that are out there, and we're investigating and talking with the vendors for all kinds of different technologies. Certainly, the AP-1000 is one that is had been constructed and built and there is a full design.”

“new nuclear is something that we believe we will need when we look out into the long term. Certainly, we talked about this in the past. We don't think we'll get to something like 2050 without having new nuclear as part of our portfolio.”