Entergy sells gas distribution business to Bernhard Capital Partners for ~$484M

ENTERGY LOUISIANA, LLC

Total cash consideration ~$484M; net proceeds to repay debt and support electric utility capital needs.
Sale includes ~204,000 gas customers in Baton Rouge and New Orleans.
Regulatory approvals required from LPSC, Baton Rouge Metro Council, and New Orleans City Council.
Expected closing in ~21 months; impact on adjusted EPS essentially neutral.
Transaction to be discussed on Nov 1 Q3 2023 earnings call.

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