Entergy New Orleans records $78M charge from IRS audit settlement; total customer sharing rises to $138M

ENTERGY CORP /DE/

Settlement with City Council increases customer sharing of income tax benefits from $60M to $138M.
$78M regulatory charge in Q1 2024; classified as adjustment not affecting adjusted EPS.
Entergy affirms adjusted EPS and credit outlooks.
Settlement provides for retail ratemaking treatment of total customer credit.

item 2.02 item 8.01 item 7.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

ENTERGY CORP /DE/ reported financial results for first quarter 2024.

Period: first quarter 2024
Result: reported results

Exact text from the filing

Entergy New Orleans, LLC's (“Entergy New Orleans”) first quarter 2024 results will include a regulatory charge, and an increase in the associated regulatory liability, in the amount of $78 million to reflect an increase in customer sharing of income tax benefits from the 2016–2018 IRS audit resolution.

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Source: SEC EDGAR

accession 0000065984-24-000039

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