File No. 70-9123
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-1
_____________________________
POST-EFFECTIVE AMENDMENT NO. 1
To
APPLICATION-DECLARATION
Under
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
_____________________________
Entergy Corporation Entergy Nuclear, Inc.
639 Loyola Avenue 1340 Echelon Parkway
New Orleans, LA 70113 Jackson, MS 39213
Entergy Enterprises, Inc. Entergy Operations Services, Inc
Parkwood Two Building 110 James Parkway West, Suite 110
10055 Grogan's Mill Road St. Rose, LA 70087
Suite 400
The Woodlands, Texas 77380
Entergy Power, Inc. Entergy Power Operations U.S., Inc.
Parkwood Two Building Parkwood Two Building
10055 Grogan's Mill Road 10055 Grogan's Mill Road
Suite 500 Suite 400
The Woodlands, TX 77380 The Woodlands, Texas 77380
Entergy Global Power
Operations Corporation Entergy Power Marketing Corp.
Parkwood Two Building Parkwood Two Building
10055 Grogan's Mill Road 10055 Grogan's Mill Road, Suite 500
Suite 400 The Woodlands, TX 77380
The Woodlands, Texas 77380
(Names of companies filing this statement
and addresses of principal executive offices)
_____________________________
Entergy Corporation
(Name of top registered holding company parent of
each applicant or declarant)
_____________________________
C. John Wilder Geoffrey D. Roberts
Executive Vice President President
and Chief Financial Entergy Enterprises, Inc.
Officer Parkwood Two Building
Entergy Corporation 10055 Grogan's Mill Road
639 Loyola Avenue Suite 400
New Orleans, LA 70113 The Woodlands, Texas 77380
(Names and addresses of agents for service)
_____________________________
The Commission is also requested to send copies
of any communications in connection with this matter to:
Frederick F. Nugent,Esq. Laurence M. Hamric, Esq.
General Counsel Associate GeneralCounsel
Entergy Power Development Corp. Entergy Services, Inc.
Parkwood Two Building 639 Loyola Avenue
10055 Grogan's Mill Road New Orleans, LA 70113
Suite 400
The Woodlands, Texas 77380
Thomas C. Havens, Esq. Denise C. Redmann, Esq.
Whitman Breed Abbott & Senior Attorney
Morgan LLP Entergy Services, Inc.
200 Park Avenue 639 Loyola Avenue
New York, NY 10166 New Orleans, LA 70113
Kent R. Foster, Esq.
Vice President
Entergy Services, Inc.
Little Rock, AR 72203
Item 1. Description of Proposed Transaction.
Entergy Corporation ("Entergy"), a Delaware corporation
which is a registered holding company under the Public Utility
Holding Company Act of 1935, as amended (the "Act"), and its
wholly-owned subsidiaries Entergy Enterprises, Inc., Entergy
Power, Inc., Entergy Power Marketing Corp., Entergy Nuclear,
Inc., Entergy Operations Services, Inc., Entergy Global Power
Operations Corporation and Entergy Power Operations U.S., Inc.
(Entergy and such subsidiaries, collectively, the "Applicants")
hereby request a supplemental order of the Securities and
Exchange Commission (the "Commission") under the Act, to the
extent not exempt from Commission approval under the Act or
otherwise permitted or authorized under the Act pursuant to
Commission rule, regulation or order, for Entergy, the other
Applicants and certain of Entergy's other existing or future
subsidiary companies to issue guarantees and provide other forms
of credit support, as described below (collectively,
"Guarantees") from time to time during the period through
December 31, 2005, in an aggregate amount not to exceed $2
billion, to or for the benefit of Entergy's affiliates which are
(a) "New Subsidiaries", as authorized by the initial order of the
Commission in this File, dated June 22, 1999 (the "June 1999
Order")<FN1>, (b) "exempt wholesale generators" ("EWGs"), as defined
in Section 32(a) of the Act, (c) "foreign utility companies"
("FUCOs"), as defined in Section 33(a) of the Act (EWGs and FUCOs
are sometimes collectively referred to herein as "Exempt
Projects"), (d) "exempt telecommunications companies" ("ETCs"),
as defined in Section 34(a) of the Act, (e) other subsidiary
companies of Entergy (including "O&M Subs", as defined in the
June 1999 Order) that are or may be authorized or permitted by
rule, regulation or order of the Commission under the Act to
engage in other businesses ("Authorized Subsidiary Companies")<FN2>,
and (f) "energy-related companies", as defined in Rule 58 under
the Act ("Energy-related Companies"; New Subsidiaries, Exempt
Projects, ETCs, Authorized Subsidiary Companies and
Energy-related Companies are collectively referred to herein as
"Non-utility Companies"), all as more particularly described
herein.
I. Background.
The following section generally describes the business of
Entergy and its subsidiaries, including each of the other
Applicants.
A. Entergy and the Entergy System.
Entergy and its various direct and indirect subsidiary
companies comprise the Entergy System (the "Entergy System" or
"System"), which currently consists of: (1) five domestic retail
electric utility companies - Entergy Arkansas, Inc. ("Entergy
Arkansas"), Entergy Gulf States, Inc. ("Entergy Gulf States"),
Entergy Louisiana, Inc. ("Entergy Louisiana"), Entergy
Mississippi, Inc. ("Entergy Mississippi") and Entergy New
Orleans, Inc. ("Entergy New Orleans") (such companies are
sometimes collectively referred to herein as the "System
operating companies"); (2) a domestic wholesale electric
generating company that sells power to the System operating
companies (other than Entergy Gulf States) - System Energy
Resources, Inc. ("SERI"); (3) a company that provides
administrative and other services primarily to the System
operating companies - Entergy Services, Inc. ("ESI"); (4) a
company that provides management, operations and maintenance
services for the System's nuclear facilities - Entergy
Operations, Inc. ("EOI"); (5) a company that primarily implements
and/or maintains certain fuel supply programs for the System
operating companies - System Fuels, Inc. ("SFI"); (6) a company
that markets and sells its electric generating capacity and
energy principally to non-associate purchasers in the domestic
bulk power markets - Entergy Power, Inc. ("EPI"); (7) a company
that invests in and develops energy and energy-related businesses
on behalf of the Entergy System, and markets skills and products
developed by System companies - Entergy Enterprises, Inc.
("Entergy Enterprises"); (8) a company that markets and brokers
electricity and other energy commodities and that may also engage
in other non-utility activities permitted under Rule 58 - Entergy
Power Marketing Corp. ("EPMC"); (9) a company that provides
operations, maintenance and management services for nuclear
generating facilities of non-affiliates as well as affiliated
EWGs - Entergy Nuclear, Inc. ("ENI"); and (10) various other
companies formed to develop, acquire and own Entergy's interests
in domestic and foreign energy, energy services, energy-related
and telecommunications businesses.
Entergy, through its domestic public utility subsidiaries
and its Exempt Projects, is engaged principally in the
generation, transmission, distribution and sale of electricity at
retail and wholesale and the purchase of electricity at
wholesale. Entergy's domestic retail public utility companies
provide electric service to approximately 2.4 million customers
in portions of the states of Arkansas, Louisiana, Mississippi,
Tennessee and Texas, and retail gas service in and around Baton
Rouge, Louisiana and in New Orleans, Louisiana.
B. Entergy Enterprises, Inc.
Pursuant to a Commission order dated June 30, 1995<FN3>, Entergy
Enterprises was authorized, among other things, (1) to conduct
development activities with respect to potential investments by
Entergy in various energy, energy-related and other non-utility
businesses, (2) to provide various management, administrative and
support services to certain of its associate companies<FN4>, and (3)
to provide consulting services to certain of its associate
companies and to non-associate companies, in each case utilizing
the skills and resources of other System companies<FN5>. Entergy
Enterprises is currently authorized to engage in such activities
under the June 1999 Order, subject to the conditions set forth
therein.
C. Entergy Power, Inc.
Pursuant to a Commission order dated August 27, 1990 (the
"1990 Order")<FN6>, EPI was formed to participate as a supplier of
electricity at wholesale to non-associate companies in bulk power
markets. In accordance with the 1990 Order, EPI acquired (1) the
31.5% undivided ownership interest of Entergy Arkansas in Unit
No. 2 of the Independence Steam Electric Generating Station
("ISES 2"), a coal-fired generating facility located in Arkansas,
and (2) Entergy Arkansas' 100% ownership interest in Unit No. 2
of the Ritchie Steam Electric Generating Station ("Ritchie 2"), a
544 megawatt ("MW") oil- and gas-fired generating facility
located in Arkansas. EPI's acquired interests in ISES 2 and
Ritchie 2 represented an aggregate of 809 MW of generating
capacity.<FN7> Since 1990, EPI has been engaged in the business of
marketing and selling its capacity and related energy, at
wholesale, principally to non-associate bulk power purchasers on
negotiated (i.e., market based) terms and conditions. EPI is
presently authorized by the Federal Energy Regulatory Commission
to sell, at market based rates, up to an aggregate of 1,500 MW of
capacity and energy. To facilitate such sales, EPI receives
electric transmission service pursuant to the Entergy System's
open access transmission tariff.
D. Entergy Power Marketing Corp.
EPMC, currently an Energy-related Company, was originally
organized in 1995 as an EWG in order to engage in the marketing
and brokering of electric power at wholesale.<FN8> Following the
receipt of a Commission order dated January 6, 1998 (HCAR No.
26812), EPMC relinquished its EWG status, and currently engages
in the brokering and marketing of energy commodities in wholesale
and retail markets throughout the United States pursuant to Rule
58, subject to compliance with the conditions of such rule and to
certain other conditions set forth in such order.<FN9> EPMC also
engages in risk management and other activities related to its
energy commodities business. In accordance with the above-
referenced Commission order, EPMC does not own or operate any
facilities that would cause it to be an "electric utility
company" or a "gas utility company" as defined in the Act.
E. Entergy Nuclear, Inc.
ENI, a wholly-owned subsidiary of Entergy, was organized
pursuant to the Commission's June 1995 Order as an O&M Sub for
the purpose of engaging in the business of operating and managing
nuclear power facilities (other than facilities owned or operated
by Excepted Companies). On February 13, 1997, ENI entered into
an agreement with Maine Yankee Atomic Power Company ("Maine
Yankee") to provide management and operating services for the
Maine Yankee Nuclear Plant for an initial period of up to one
year. Following a decision to permanently close the plant,
effective October 1, 1998, ENI and Maine Yankee entered into a
long-term decommissioning services agreement under which ENI will
continue providing management oversight services for the
permanent decommissioning of the Maine Yankee Nuclear Plant
through December 31, 2004. ENI has also entered into
agreements with other non-affiliates decommissioning and other
"O&M Services" (as defined in the June 1999 Order) relating to
nuclear generating facilities.
Reference is hereby made to the quarterly certificates filed
by Entergy pursuant to Rule 24 in this File for further
information concerning ENI's business activities.
F. Entergy Operations Services, Inc.
Entergy Operations Services, Inc. ("EOSI"), a wholly-owned
subsidiary of Entergy, was organized pursuant to the June 1995
Order as an O&M Sub to engage in the business of operating and
maintaining fossil-fueled generation, transmission and
distribution assets of utility companies, municipalities and
large commercial and industrial customers, primarily in the
United States. EOSI's current business activities include the
sale to non-affiliates of various O&M Services, including
services relating to the design and construction of fossil-fueled
generating facilities and other power projects. EOSI has also
performed substation maintenance and construction work for
several industrial customers.
Reference is hereby made to the quarterly certificates filed
by Entergy pursuant to Rule 24 in this File for further
information concerning EOSI's business activities.
G. Other Existing O&M Subs.
In addition to ENI and EOSI, in December 1997 Entergy
organized a new wholly-owned subsidiary, Entergy Global Power
Operations Corporation, and its wholly-owned subsidiary, Entergy
Power Operations U.S., Inc., as O&M Subs pursuant to the June
1995 Order. However, to date, these companies have been
minimally capitalized, and neither company has entered into any
agreements for the provision of O&M Services.
H. Entergy Technology Holding Company and Subsidiaries.
In February 1996, Entergy formed a new wholly-owned
subsidiary, Entergy Technology Holding Company ("ETHC"), and its
wholly-owned subsidiary, Entergy Technology Company ("Entergy
Technology") as ETCs under Section 34 of the Act. Entergy,
through Entergy Technology, is marketing a portion of Entergy's
existing telecommunications system in conjunction with additional
facilities to be constructed or leased by Entergy Technology.
Entergy Technology is offering bulk interstate telecommunications
capacity on a wholesale basis to telecommunications carriers, who
will then market such capacity to third parties.
II. Proposed Transactions.
Since 1993, Entergy has been actively involved in the
development of, and investments in, various non-utility
businesses, including Exempt Projects. In particular, Entergy's
global power development business is focused on building or
acquiring power generation facilities principally in North
America and Europe, as well as, to a lesser extent, in Latin
America. In this regard, Entergy's management has announced a
$9.8 billion capital investment plan for 2000-2004 that includes
investments of approximately $3.9 billion in global power
development and approximately $1.7 billion for the acquisition of
nuclear generating facilities from non-affiliates. Entergy's
goal is to create a diversified portfolio of generating assets by
adding 1,500 MW of new electric generating capacity and acquiring
1,000 MW of nuclear capacity each year, beginning in 2000.
To permit the planned expansion of Entergy's global power
development business, Entergy recently received Commission
approval in File No. 70-9049 (see HCAR No. 27184 (June 13, 2000))
to use the proceeds from the sale of Entergy securities and/or to
provide Guarantees for its investments in Exempt Projects in
amounts which, when added to Entergy's "aggregate investment" (as
defined in Rule 53(a)(1)(i)) in Exempt Projects, would not exceed
100% of Entergy's "consolidated retained earnings" (as defined in
Rule 53(a)(1)(ii)). As of May 31, 2000, giving effect to such
authorization would permit Entergy to make additional investments
in Exempt Projects of approximately $1.7 billion. However,
under the June 1999 Order, Entergy currently has the capacity to
issue Guarantees to or for the benefit of Exempt Projects (and
other Non-utility Companies) in an aggregate principal amount of
approximately $360 million.
In order to further facilitate the development, acquisition
and ownership by Entergy of interests in Exempt Projects and
other Non-utility Companies, as authorized or permitted under the
Act from time to time, to the extent such transactions are not
exempt from the Act or otherwise authorized or permitted by rule,
regulation or order of the Commission issued thereunder, Entergy
and Non-utility Companies hereby request authority to issue
Guarantees to or for the benefit of Non-utility Companies from
time to time through December 31, 2005, in an aggregate principal
amount not to exceed $2 billion at any one time outstanding
(excluding any Guarantees previously issued and outstanding under
the June 1999 Order) (the "Aggregate Authorization"). The amount
of a Guarantee shall not reduce the Aggregate Authorization to
the extent that the provision of such Guarantee is exempt from
the Act or is otherwise authorized or permitted by rule or
regulation of the Commission issued thereunder.
Guarantees may take the form of Entergy or a Non-utility
Company agreeing to guarantee, undertake reimbursement
obligations, assume liabilities or other obligations in respect
of or act as surety on bonds, letters of credit, evidences of
indebtedness, equity commitments, power purchase agreements,
leases, liquidated damages provisions, and other obligations
undertaken by Entergy's associate Non-utility Companies. For
example, such associate companies may be called upon to furnish
various types of bonds as security, including bid bonds,
performance bonds, and material and payment bonds. Moreover,
various Non-utility Companies may require credit support from
Entergy or from other Non-utility Companies to cover performance
and other obligations. Guarantees may also be necessary or
desirable to satisfy the requirements of lenders or other project
participants under financing documents or other project
agreements to which an associate Non-utility Company of Entergy
is or will become a party (including with respect to the
provision of construction, interim or permanent debt or equity
financing). These forms of credit enhancements are typical in
the marketplace, and would significantly benefit Entergy's
investments in Non-utility Companies by, among other things,
facilitating the making of proposals in respect of investments in
Non-utility Companies, and helping to reduce the cost of
necessary bonds, sureties, and other credit support. The terms
and conditions of Guarantees would continue to be established at
arm's length, based upon market conditions.
Any Guarantees provided by Entergy to Exempt Projects would
be subject to the limitation on aggregate investment in EWGs and
FUCOs set forth in Rule 53(a), as modified by the Commission's
authorization in File No. 70-9049. Specifically, in accordance
with such authorization, Entergy would only issue Guarantees to
Exempt Projects to the extent that the amount of any such
Guarantee, when added to Entergy's aggregate investment in Exempt
Projects, would not exceed 100% of Entergy's consolidated
retained earnings. Any Guarantees provided to Energy-related
Companies would be subject to the limitation on "aggregate
investment" in energy-related companies set forth in Rule 58.
III. Compliance With Rules 53 and 54.
Entergy hereby represents that, pursuant to Rule 54 under
the Act, all of the criteria of Rule 53(a) and (b) are satisfied.
Entergy's aggregate investment in Exempt Projects at May 31, 2000
was approximately 37.8% of Entergy's consolidated retained
earnings as of March 31, 2000. Furthermore, Entergy has
complied, and will continue to comply, with the record keeping
requirements of Rule 53(a)(2), with the limitation in Rule
53(a)(3) on the use of Entergy's System operating company
personnel in rendering services to Exempt Projects, and with the
requirements of Rule 53(a)(4) concerning the submission of
certain filings and reports under the Act to retail regulatory
commissions. Finally, none of the circumstances described in
Rule 53(b) has occurred.
Item 2. Fees, Commissions and Expenses.
The fees, commissions and expenses expected to be paid or
incurred, directly or indirectly, in connection with the proposed
transactions will be supplied by amendment.
Item 3. Applicable Statutory Provisions.
The proposed issuance by Entergy or a Non-utility Company of
Guarantees to or for the benefit of a Non-utility Company is or
may be subject to Sections 6(a), 7 and 12(b) of the Act and Rules
45 and 54 thereunder. To the extent that the proposed
transactions are considered by the Commission to require
authorization, approval or exemption under any Section of the Act
or rule thereunder, other than those specifically referred to
above, request for such authorization, approval or exemption is
hereby made.
Item 4. Regulatory Approval.
No state or Federal commission, other than the Commission,
has jurisdiction over the transactions proposed herein.
Item 5. Procedure.
The Applicants request the Commission to publish a notice of
the filing of this Post-effective Amendment as soon as
practicable. The Applicants further request that the Commission
issue its supplemental order in this File as soon as practicable
after the expiration of the notice period, and in any event not
later than August 15, 2000. In addition, the Applicants hereby
(a) request that there be no 30-day waiting period between the
issuance of such supplemental order and the date on which it is
to become effective, (b) waive a recommended decision by a
hearing officer or any other responsible officer of the
Commission, and (c) consent that the Division of Investment
Management may assist in the preparation of the Commission's
decision and/or order, unless the Division opposes the matters
proposed herein.
Entergy proposes to continue to provide the Commission, on a
quarterly basis within 60 days after the end of each calendar
quarter, a report pursuant to Rule 24, which shall include the
following: (1) balance sheets and income statements of Entergy
for the three, six, or nine month period then ended; (2) all
payments of dividends out of capital or unearned surplus during
the quarter; (3) information concerning the nature and extent of
Administrative Services, Consulting Services and O&M Services
provided by Entergy Enterprises and other Non-utility Companies
during the quarter, identifying the customer company, the service
and the charge, and stating whether the charge was computed at
cost, market or pursuant to another method, which shall be
specified; (4) information concerning the formation and
capitalization of any New Subsidiaries during the quarter; (5)
information concerning the formation and capitalization of any
O&M Subs during the quarter; (6) information concerning the
completion during the quarter of any consolidation or other
reorganization of Entergy's ownership interests in Non-utility
Companies and the organizational structure of Entergy's Non-
utility Companies as of the end of such quarter; (7) information
concerning any loans made by Entergy or Non-utility Companies to
associate Non-utility Companies during the quarter that are not
exempt under Rule 52(b), to the same extent that such reporting
is required by Rule 52(c); (8) information concerning the
issuance of any Other Securities by Non-utility Companies during
the quarter, to the same extent that such reporting is required
by Rule 52(c); and (9) information concerning any Charter
Amendments during the quarter. In addition, commencing with
the first full calendar quarter following the Commission's
supplemental order in this File, such report will include
information concerning the total outstanding principal amount of
Guarantees issued by Entergy or Non-utility Companies to or for
the benefit of Non-utility Companies as of the end of such
quarter.
Item 6. Exhibits and Financial Statements.
(a) Exhibits:
F -Legal Opinion(s) of counsel to the Applicants (to
be filed by amendment)
G -Financial Data Schedules
H -Form of Notice of Proposed Transactions
(b) Financial Statements:
Financial Statements of Entergy Corporation and of Entergy
Corporation and subsidiaries, consolidated, as of March 31, 2000
(reference also is made to Exhibit G hereto).
Except as reflected in the Financial Statements, no material
changes not in the ordinary course of business have taken place
since March 31, 2000.
Item 7. Information as to Environmental Effects.
The proposed transactions do not involve any major Federal
action significantly affecting the quality of the human
environment. No Federal agency has prepared or is preparing an
environmental impact statement with respect to the proposed
transactions.
SIGNATURES
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned company has duly caused this
amendment to be signed on its behalf by the undersigned thereunto
duly authorized.
ENTERGY CORPORATION
ENTERGY ENTERPRISES, INC.
ENTERGY NUCLEAR, INC.
ENTERGY OPERATIONS SERVICES, INC.
ENTERGY POWER, INC.
ENTERGY POWER MARKETING CORP.
ENTERGY GLOBAL POWER OPERATIONS
CORPORATION
ENTERGY POWER OPERATIONS U.S., INC.
By:/s/ Steven C. McNeal
Steven C. McNeal
Vice President and Treasurer
Dated: June 16, 2000
_______________________________
FN1 See Entergy Corporation, et al., Holding Company Act Release
("HCAR") No. 27039 (June 22, 1999). Pursuant to the initial
order in this File, among other things, (1) Entergy and the
other Applicants are authorized to issue Guarantees to or for
the benefit of Non-utility Companies in an aggregate principal
amount (inclusive of certain previously issued and outstanding
guarantees) up to $750 million, and (2) Non-utility Companies
are authorized (a) to provide other Non-utility Companies with
administrative services, (b) to provide consulting services to
other Non-utility Companies and to non-associate companies,
and (c) to engage in development activities, all on a
world-wide basis.
"New Subsidiaries" are generally defined in the June 1999
Order as direct or indirect subsidiary companies of Entergy
organized (a) to engage in service and development activities
and/or (b) to hold, acquire and/or finance the acquisition of
one or more subsidiary companies of Entergy which are (i)
"exempt wholesale generators", (ii) "foreign utility
companies", (iii) "exempt telecommunications companies", (iv)
"energy-related companies", (v) "Authorized Subsidiary
Companies", (vi) "O&M Subs" and/or (vii) other "New
Subsidiaries", as such terms are defined therein.
FN2 The Authorized Subsidiary Companies currently consist of
Entergy Enterprises, Inc., Entergy Power, Inc., Entergy
Nuclear, Inc., Entergy Operations Services, Inc., Entergy
Global Power Operations Corporation and Entergy Power
Operations U.S., Inc.
FN3 See Entergy Corp., HCAR No. 26322 (June 30, 1995) (the "June
1995 Order").
FN4 Entergy Enterprises, as well as other Non-utility Companies,
are authorized under the June 1999 Order to provide such
services to associate companies other than the System
operating companies, SERI, SFI, ESI, EOI or any other
subsidiaries that Entergy may create, the activities and
operations of which are primarily related to the domestic sale
of electric energy at retail or at wholesale to Entergy's
affiliates or the provision of goods or services thereto (such
companies are sometimes referred to herein, collectively, as
the "Excepted Companies").
FN5 Such authorization includes the marketing to non-associate
companies of intellectual property developed or otherwise
acquired by System companies, subject to certain profit
sharing provisions set forth in the June 1995 Order.
FN6 See HCAR No. 25136. The 1990 Order was reaffirmed by the
Commission on remand from the U.S. Court of Appeals for the
District of Columbia Circuit. See HCAR No. 26410 (dated
November 17, 1995).
FN7 Pursuant to a Commission order dated August 2, 1996 (HCAR No.
26549), on August 28, 1996, EPI sold to City Water and Light
Plant of Jonesboro (Arkansas)(which previously had a 5%
undivided ownership interest in ISES 2) an additional 10%
undivided ownership interest in ISES 2 (equivalent to 84 MW of
capacity) and related assets for a total purchase price of
approximately $37.5 million. Pursuant to a further Commission
order, EPI sold an additional portion of its interest in ISES
2 to a nonaffiliate, East Texas Electric Cooperative, Inc.
See HCAR No. 26925 (dated October 9, 1998). As a result of
such sales, EPI currently has approximately a 14.4% undivided
ownership interest in ISES 2.
EPI is currently seeking Commission approval under the Act to
acquire a 20% undivided ownership interest in Unit No. 6 of
the Nelson Steam Electric Generating Station.
FN8 See Entergy Power Marketing Corp., 73 FERC 161,063 (1995)
(authorizing EPMC to purchase and resell electric energy at
wholesale that it has not generated, to contract for
transmission capacity and to resell excess transmission
capacity, to contract for delivery of fuel supplies to
third-parties and to engage in brokering).
FN9 See Entergy Services, Inc. and Entergy Power Marketing Corp.,
74 FERC 161,137 (1996) (authorizing EPMC to sell power at
market-based rates).
