THE WOODLANDS, Texas,
Oct. 2, 2020 /PRNewswire/
-- Entergy Texas, Inc., a subsidiary of Entergy Corporation
(NYSE: ETR), announced today that on Nov. 2,
2020 (the "Redemption Date"), it will redeem all
$135,000,000 principal amount of its
outstanding First Mortgage Bonds, 5.625% Series due June 1, 2064 (the "Bonds"), at the redemption
price of 100% of the principal amount of the Bonds (the "Redemption
Price"), plus accrued interest thereon to but excluding the
Redemption Date. The Bonds are listed on the New York Stock
Exchange and trade under the symbol EZT.
On the Redemption Date, provided that the trustee has received
sufficient funds to complete the redemption of the Bonds, the
Redemption Price for the Bonds, together with accrued interest
thereon to but excluding the Redemption Date, shall become due and
payable, and on and after the Redemption Date, such Bonds shall
cease to bear interest. Payment of the Redemption Price for, and
accrued interest on, the Bonds will be made on or after the
Redemption Date upon presentation and surrender of such Bonds to
The Bank of New York Mellon, Bondmaster Ops – Syracuse – Vault, 111 Sanders Creek Parkway,
East Syracuse, New York 13057.
About Entergy Texas
Entergy Texas, Inc. provides electricity to approximately
461,000 customers in 27 counties. Entergy Texas is a subsidiary of
Entergy Corporation, 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 8,000
megawatts of nuclear power. Entergy delivers electricity to 2.9
million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of
$11 billion and approximately 13,600
employees.
entergy-texas.com
facebook.com/EntergyTX
Twitter: @EntergyTX
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SOURCE Entergy Corporation