secwatch.observer — SEC 8-K summary
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Issuer:     ENTERGY LOUISIANA, LLC (ELC)
CIK:        0001348952
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000065984-23-000087
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1348952/000006598423000087/0000065984-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65984/000006598423000087/etr-20231028.htm
  HTML page:      https://secwatch.observer/filing/0000065984-23-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer