Energy Future Entergy

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Energy FutureEntergys Perspective

• Restructuring Roundtable
• New Nuclear in New England
• June 6, 2008
• Jack Alexander
• Manager, Government Affairs
• Entergy Nuclear

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Entergy Corporate Highlights

• Entergy is an integrated energy company engaged
  in electric power production, retail
  distribution, energy marketing and trading, and
  gas transportation
• Headquarters in New Orleans operations in Gulf
  Coast (LA, MS, AR TX) and Northeast (NY, MA,
  VT)
• 26.9 billion in assets 10 billion in
  revenues
• 2.6 million retail customers 14,000 employees
• 30,000 MW of generation worldwide 14,500 miles
  of transmission an expanding U.S. plant
  portfolio
• 5th largest U.S. electricity generator, 2nd
  Nuclear
• Corporate Nuclear Restructuring ENEXUS
• National Leader in Climate Change Action

3
New Generation Required

• Increasing Population
• Improving Standards of Living
• New Uses for Electricity
• Conversion of Products for Other Energy Sources
  to Electricity
• Replace Retired/Obsolete Generation

4
New Generation Principles

• Sustainable
• Secure
• Plentiful
• Penchant for Action
• Mitigate Unnecessary Impacts to People,
  Especially Low Income
• Use Good Science and Economics to Make Decisions

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By 2050 Emissions Need to Be Less than 1960
CO2 Concentration
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Conclusion

• Nuclear is a Important Potential Contributor
• Re-licensing existing plants
• Building new plants

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New Englands Nuclear Potential

• 9 Units Previously Existing
• 5 Units left
• 15 Units Potential With Existing Sites
• 0 Units Planned or Expected

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New Nuclear in USA

• 34 Units Proposed
• 23 Applications submitted or scheduled
• TX 8
• SC FL 4
• NY 3
• AL NC GA 2
• MD VA MS LA MO PA MI ID UT 1

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Entergys Re-Licensing Efforts

• Pilgrim
• Vermont Yankee
• Federal
• State
• Balance of the Fleet
• Other NE Nukes

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Why Nots

• Risky Environment for Investors
• NIMBYism
• Political climate
• Enduring history of Energy Dependence
• Smaller Prospects for Economic Growth
• Geographic Limitations
• Retail Competition
• Lean Elsewhere First

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SUMMARY CONCLUSIONS

• New England faces a future with energy challenges
• No magic bullet. We must use everything
  available
• Re-licensing of existing nuclear and eventual
  construction of new nuclear a vital part of our
  future energy mix