Blue Cross and Blue Shield of Vermont Wires Funds To Hurricane Relief Fund

first_imgFor Immediate Release: Contact: Kathy ParrySeptember 1, 2005 (802) 371-3205Blue Cross and Blue Shield of Vermont Wires Funds To Hurricane Relief FundBerlin, VT Recognizing a desperate need for funds to bring help and medical care to the victims of Hurricane Katrina, Blue Cross and Blue Shield of Vermont (BCBSVT) today contributed $10,000 toward a special relief fund being developed by the Blue Cross and Blue Shield Association and administered by the American Red Cross.Its impossible to see the devastation and human suffering caused by this tragedy and not want to help, said William R. Milnes, Jr., President and CEO of Blue Cross and Blue Shield of Vermont. We hope that this contribution, made on behalf of our customers and members, can bring some measure of relief to the victims of this terrible natural disaster.Milnes said that in addition to the corporate contribution by BCBSVT, the companys employees also have initiated a fundraising effort for the hurricane victims.Blue Cross and Blue Shield of Vermont (BCBSVT) joins many of its sister Blue Cross and Blue Shield Plans across the nation in raising funds to aid relief in the most recent hurricane disaster. The Blue Cross and Blue Shield Association said it hopes to raise a total of $1 million from its independent member plans to contribute to the American Red Cross relief efforts.BCBSVT joined a similar effort by Blue Cross and Blue Shield Plans to raise funds to help relief efforts following the September 11, 2001 terrorist attacks.Blue Cross and Blue Shield of Vermont is the state’s oldest and largest private health insurer, providing coverage for about 180,000 Vermonters. It employs over 350 Vermonters at its headquarters in Berlin and branch office in Williston, and offers group and individual health plans to Vermonters. More information about Blue Cross and Blue Shield of Vermont is available on the Internet at www.bcbsvt.com(link is external). Blue Cross and Blue Shield of Vermont is an independent corporation operating under a license with the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.(End)last_img read more

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New Gallery Opening in Waterbury

first_imgFOR IMMEDIATE RELEASE11-21-05JULIE RUTH STUDIO & GALLERY OPENING DECEMBER 1, 2005CONTACT:Julie Ruth802-730-2527julie@julieruthstudio.com(link sends e-mail)Waterbury, VT On Thursday, December 1, 2005, a new gallery will open its doors in Waterbury. Julie Ruth Studio & Gallery is located at 23 South Main Street, above the popular pub and brewery The Alchemist. Julie Ruth, a painter, and her husband Shannon Matthew Long, a sculptor, are the proprietors.Ruth, a painter with a ten-year exhibition record across the U.S. and Canada, first arrived in Vermont four years ago on a painting fellowship at the Vermont Studio Center in Johnson, a large artist residency. After closing down her design and illustration business in Ohio and relocating, she met Long (now the sculpture manager at the Center). Ruth paints mainly in oils in a representational style, working from memory and the surrounding landscape. Long’s sculpture incorporates materials such as river stones and adobe into meditative works with eastern influences.The gallery will feature both Ruth and Longs work, along with a selection of mostly local artists. On display December 1st will be both two- and three-dimensional work, including collage, sterling silver jewelry, greeting cards, small sculptures, and paintings. “I expect to add more artists as the gallery gets established, and to curate shows throughout the year in order to showcase artists whose work I admire that do not live in the area”, Ruth says. The gallery also has a small working space that the artists will use while it is open.The opening of Julie Ruth Studio & Gallery will coincide with the Alchemists celebration of their second anniversary on December 1. Hours that day will be from 2-8. Through December, regular business hours will be Friday, Saturday, and Sunday evenings: Friday from 5:30-9, Saturday and Sunday from 4-9. Some weekend morning hours will be available, and other hours are by appointment. For more information, visit www.julieruthstudio.com(link is external), or call 802-730-2527.Hi-res photos available upon request.last_img read more

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IBEW Local 300 Announces Scholarship Deadline

first_imgIBEW LOCAL 300 ANNOUNCES UNION PLUS SCHOLARSHIP CUTOFFAwards Open to All Members of AFL-CIO AffiliatesSouth Burlington, Vt. – (Dec. 19, 2007) – The International Brotherhood of Electrical Workers (IBEW) Local 300 recently announced the deadline for the Union Plus Scholarship Program.The nationwide post-secondary scholarship – open to current or retired AFL-CIO affiliated union members, their spouses and dependent children – will accept applications until Jan. 31, 2008 and is presented by Union Privilege. Since 1992, over $2.4 million has been awarded to 1,700-plus working families. Formed in 1955, the AFL-CIO is a voluntary federation of 55 international labor unions -including the IBEW – that collectively represent over 10 million working people. The AFL-CIO created Union Privilege in 1986 to provide union members and their families with valuable consumer benefits, such as credit cards, loans, mortgages, insurance, legal resources, travel discounts and education services. “Not only do unions emphasize hard work, but they also encourage continuing education,” said IBEW Local 300 Business Manager George Clain. “This scholarship enables union families across the country to better their lives through learning. Local 300 members, as well as those from other AFL-CIO affiliated labor groups in Vermont, are encouraged to apply.”Union Plus Scholarship applications are available for download at http://www.unionplus.org(link is external). Winners must be accepted into an accredited college, university, community college, technical or trade school at the time the award is issued.ABOUT THE IBEW LOCAL 300Based in South Burlington, the IBEW Local 300 serves 1,200-plus laborers throughout Vermont. The organization is part of the International Brotherhood of Electrical Workers (IBEW), which is headquartered in Washington, D.C., and represents approximately 750,000 members who work in a wide variety of fields, including utilities, construction, telecommunications, broadcasting, manufacturing, railroads and government. The IBEW has members in both the United States and Canada and stands out among the American unions in the AFL-CIO because of its size and highly skilled constituency.For more information, contact Marketing and Business Development Director Matt Lash at (802) 864-5864, MLash@ibewlocal300.org(link sends e-mail) or http://www.ibewlocal300.org(link is external).last_img read more

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Engineering Ventures announces expansion

first_imgEngineering Ventures PC,Engineering Ventures, Inc., based in Burlington, Vermont is pleased to announce the expansion of their operations into Saratoga Springs, New York. The new office, Engineering Ventures, P.C., located at 18 Division Street, will augment the services provided by the firm from their Burlington, Vermont and Lebanon, New Hampshire locations. The expansion is seen as a way to provide the same innovation and dedication to sustainable design, to New York clients from a closer location.Engineering Ventures is an experienced, consulting engineering firm operating and licensed throughout the Northeast. Select, qualified professionals and technicians provide a broad range of civil engineering services with specialties in structural and site engineering and planning. Serving private, public, commercial, municipal and institutional clients, Engineering Ventures also offers full service from Burlington, Vermont and Lebanon, New Hampshire.Currently the firm is working on various projects at GE Energy in Schenectady, New York, the Saratoga Race Track, and the High Peaks Intermunicipal Waterfront Revitalization for the communities of Keene, Jay, Wilmington, North Elba, and the village of Lake Placid. Recently completed projects include the rebuilt Lake Placid Lodge, Helen Hayes Day Care in Haverstraw, work at numerous Adirondack hospitals, many private residences in the Adirondack area including timber frame projects, great camps and boathouses, and various water and sewer projects for municipalities including the Towns of Peru and Westport.Engineering Ventures is dedicated to delivering well managed, quality engineering projects to clients through a close and personal service which is based on many years of reputable experience. The firm is committed to client involvement and satisfaction, and takes great pride in providing creative and cost effective solutions to engineering challenges.www.engineeringventures.com(link is external) ###last_img read more

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Vermont Health Centers get $1.5 million in stimulus funds

first_imgIn another round of economic stimulus funds for Vermont, eight community health centers in the state will receive more than $1.5 million to expand services and create jobs. The Vermont grants include $229,967 for Community Health Centers of The Rutland Region in Bomoseen; $157,958 for Little Rivers Health Care of Bradford; $294,562 for Community Health Center of Burlington; $192,281 for Community Health Services of the Lamoille Valley in Morrisville; $146,390 for The Health Center of Plainfield;  $164,980 for the Richford Health Center in Richford; $254,463 for Northern Counties Health Care in St. Johnsbury, and $100,000 for Springfield Medical Care Systems in Springfield. This is one of the most significant steps forward that we have seen in decades in addressing the primary health care crisis in our country, Senator Bernie Sanders (I-Vt.) said of the funds, part of $2 billion for Federally Qualified Health Centers included at his urging in the economic recovery bill that Congress passed on February 13. Health centers provide affordable primary care, dental care, mental health services and low-cost prescription drugs.Senator Patrick Leahy (D-Vt.) said community health centers are part of Vermont s health care infrastructure. Rural areas like much of Vermont depend on these vital community-based resources to ensure the availability of local dependable health care services.  Even so, some Vermonters are still without a regular source of care.  With this timely addition of funds from the economic recovery plan, Vermont s eight Community Health Centers can reach more Vermonters during these difficult economic times. Vermont s community health care centers have played an extraordinary role in ensuring that Vermonters can see a doctor when they need medical attention, said Congressman Peter Welch (D-Vt.). This additional funding will help health centers reach more patients with quality services, which is all the more important as Vermonters continue to struggle in this difficult economy.The U.S. Department of Health and Human Services released the Vermont grants as part of $338 million distributed nationwide to expand services offered at the nation s community health centers. In an earlier round of funds released under the American Recovery and Reinvestment Act, Springfield Hospital was awarded $1.3 million to become Vermont s eighth Federally Qualified Health Center. With that addition, health centers will provide primary health care to more than 100,000 Vermonters regardless of their ability to pay.A cost-effective alternative to hospital emergency rooms, community health centers offer basic services like prenatal care, childhood immunizations and cancer screenings. Open to everyone, the centers care for patients covered by Medicaid, Medicare and private insurance as well as those who have no insurance.The National Association of Community Health Centers last night gave Sanders its 2009 Distinguished Community Health Champion Award, citing his dedication and leadership ¦to preserve, strengthen and expand access to quality health care.WASHINGTON, March 27last_img read more

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Governor Douglas supports President Obama’s auto emissions decision

first_imgGovernor Jim Douglas issued a statement yesterday regarding the Obama Administration s decision to adopt California standards nationally for automobile tailpipe emissions. Vermont was the first state to follow California’s lead in requiring a higher standard than the federal requirement. The Bush Administration had blocked the implementation of the tougher standards resulting in California, Vermont and other states suing the federal government. The auto industry then filed suit in an attempt to block the implementation of the California standards. I applaud the Obama Administration s clear-eyed decision to establish greenhouse gas standards for cars and light trucks based on California s strict tailpipe emissions standards. As the first state to adopt California s greenhouse gas emissions standards and to successfully defend them against legal challenges by the automobile industry in federal court, Vermont helped to pave the way for this decision. The science and economics of reducing carbon dioxide emissions from automobiles are irrefutable. Vermonters are proud that we have the smallest carbon footprint per capita in the United States. Yet, almost half of our carbon footprint comes from transportation. This decision is a significant win for the environment and for Vermonters pocketbooks. Although the details of this deal have not yet been officially announced, it is expected that the automobile industry will drop all the litigation challenging California s greenhouse gas emissions standards, including the lawsuit filed in Vermont.last_img read more

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Vermont utility board votes against renewing Vermont Yankee license

first_imgWashington Electric Cooperative Inc,The Board of Directors of Washington Electric Cooperative (WEC) has called on the Vermont Legislature to vote against authorizing continued operation of the Vermont Yankee nuclear power plant after its current operating license expires in 2012. They further urged legislative leaders to vote on the matter early in this legislative session.In a resolution adopted unanimously at its January 27th meeting (attached), the WEC board cited several reasons for its position, expressing concerns about Vermont Yankee owner Entergy s poor track record in operating the plant, its proposed spin-off of plant ownership to a debt-laden entity Enexus, the growing on-site stockpile of high level radioactive waste, insufficient funding for decommissioning potentially worsened by recent leaks of radioactive materials, as well as WEC s potential liabilities for paying part of these costs.In a letter to members of the Vermont House and Senate, after urging legislative leaders to vote against extending the plant s license past 2012, WEC s Board President Barry Bernstein stated:  Our Board feels strongly that a timely decision on the plant s continued operation by the Vermont Legislature is critically important. It would enable state utilities and regulators to plan for an efficient transition from current dependence on the plant to a safe and sustainable energy future for Vermont. Washington Electric Co-op is a consumer-owned utility serving over 10,000 member households and businesses in 41 towns in Orange, Washington, Caledonia and Orleans Counties. The Co-op s nine-member Board of Directors is elected by its member/owners. Source: WEC. 1.28.2010### AttachmentSize WEC_VY_press_release__resolution.pdf259.76 KBlast_img read more

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Mark Snelling to kick off campaign April 22

first_imgMark Snelling will be officially kicking off his campaign for Lt. Governor Thursday April 22, 2010, in the Cedar Creek Room at the Statehouse in Montpelier at 12:30 pm. Friends and supporters have been invited to listen to the kickoff as Mark describes his vision for the future of Vermont. All are welcome.Snelling has been working hard on the campaign trail for several months already and has attended over 70 campaign related events in all corners of the State.Snelling also promised to unveil his new look – a clean shaven face. Snelling has had a beard for many years.He explained, “Years ago, I dared my father to grow a beard and he said he would if I shaved mine. He fulfilled his part of the bargain and I am now fulfilling my part of the bargain.” Snelling said joking, “I am trying to do my part for the economy. I’ll be buying razors and shaving cream now.”Snelling is the son of Governor Richard Snelling and Lieutenant Governor Barbara Snelling. His sister, Diane, is a state senator from Chittenden County.Source: Snelling campaign. 4.19.2010last_img read more

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Entergy reports first quarter earnings

first_img(18.5) Consolidated Earnings Reconciliation of GAAP* to Non-GAAP Measures 10.7     Other regulatory charges (credits) net28,092 28     Diluted$1.12 Less Special Items(0.21)(0.09)(0.12) SOURCE: Entergy Corporation. NEW ORLEANS, April 29, 2010 /PRNewswire-FirstCall/ — Less Special Items Consolidated Net Income218,814 2010 (6.7) 198,058,002 Three Months Ended March 31 4.5 16,098 4,998 (13,299)     Other than temporary impairment losses- %Change 2,704,284 Parent & Other0.08(0.05)0.13  Consolidated Special Items(0.21)(0.09)(0.12) Operational Utility0.730.560.17 (15.2) Electric Energy Sales: (Millions of KWh) Residential 2009 38,782 323,255 (9.1) Operating Income476,714 (unaudited) %Weather-Adjusted Entergy Nuclear(0.29)(0.04)(0.25) *GAAP refers to United States generally accepted accounting principles.Operational Earnings Highlights for First Quarter 2010Utility’s results were higher due to higher net revenue driven by increased sales volumes across all customer classes, including the effect of significantly colder-than-normal weather.Entergy Nuclear’s earnings decreased as a result of lower net revenue resulting primarily from lower pricing, higher non-fuel operation and maintenance expense and a higher effective income tax rate.Parent & Other’s results were higher due primarily to lower interest expense.”Results for the quarter reflect an improving economy and its positive effects on our utility business, and the continuing volatility in commodity markets and its effect on our non-utility nuclear business,” said J. Wayne Leonard, Entergy’s chairman and chief executive officer. “Looking forward, we will remain focused on managing cash flows and operating within our risk capacity and stakeholders’ risk tolerance. We continue to believe our strategies drive long-term success and sustainability.”Other Business HighlightsThe Mississippi Public Service Commission approved revisions to Entergy Mississippi’s formula rate plan positioning the company to timely recover its business investments and bolstering its ability to provide safe, affordable and reliable power to its customers.Entergy Texas achieved a unanimous settlement for an interim $17.5 million rate increase effective May 1, 2010. The settlement also calls for a final rate case order to be issued Nov. 1, 2010, with permanent rates to be effective relating back to service rendered on/after Sept. 13, 2010.Entergy was awarded the Edison Electric Institute Emergency Recovery Award for the 12th consecutive year for its work restoring power following a destructive ice storm in Arkansas last year. Entergy is the only company to be honored every year since the inception of the EEI awards in 1998.Entergy will host a teleconference to discuss this release at 10 a.m. CT on Thursday, April 29, 2010, with access by telephone, 719-457-2080, confirmation code 3884569. The call and presentation slides can also be accessed via Entergy’s website atwww.entergy.com(link is external). A replay of the teleconference will be available through May 6, 2010, by dialing 719-457-0820, confirmation code 3884569. The replay will also be available on Entergy’s website at www.entergy.com(link is external).UtilityIn first quarter 2010, Utility’s as-reported and operational earnings were $138.6 million, or 73 cents per share, compared to$111.6 million, or 56 cents per share, on the same bases in first quarter 2009. Earnings for the Utility in the current quarter reflect higher net revenue due to increased sales across all customer classes and rate adjustments at Entergy Gulf States Louisiana, Entergy Louisiana and Entergy Mississippi under their formula rate plans. Significantly colder-than-normal weather was a key contributor to the increase in sales volume. Partially offsetting was higher non-fuel operation and maintenance expense resulting primarily from higher pension and benefits expense, as well as the absence of a nuclear insurance premium refund typically received from Nuclear Electric Insurance Limited included in first quarter results. In addition, higher interest expense associated with additional debt issuances served as another partial offset to the positive effect of higher net revenue during the quarter.Residential sales in first quarter 2010, on a weather-adjusted basis, increased 3.9 percent compared to first quarter 2009. Commercial and governmental sales, on a weather-adjusted basis, increased 3.2 percent year over year. Industrial sales in the first quarter increased 7.3 percent compared to the same quarter of 2009.Residential, commercial and industrial classes reflected sales growth as a result of increasing economic activity in Entergy’s service territory. The improvement in industrial sales in first quarter 2010 was driven by economic recovery that had a positive effect particularly in the chemicals, pulp and paper and primary metals sectors partially offset by a decline in refining due to maintenance outages. Small and mid-sized industrial customers began to also show signs of recovery as they benefited from global industrial expansion. As noted above, colder-than-normal weather provided a significant increase in sales volume.Entergy NuclearEntergy Nuclear earned $94.2 million, or 49 cents per share, on an as-reported basis in first quarter 2010, compared to as-reported earnings of $180.9 million, or 91 cents per share, in first quarter 2009. On an operational basis, first quarter 2010 Entergy Nuclear’s earnings were $148.6 million, or 78 cents per share, versus $187.5 million, or 95 cents per share, in the first quarter of the prior year. Entergy Nuclear’s operational earnings decreased as a result of lower net revenue due primarily to lower pricing. Contributing to the decrease in earnings were higher non-fuel operation and maintenance expense due primarily to tritium remediation work at the Vermont Yankee site, higher pension and benefits expense, refueling amortization expense, and insurance expense. A higher effective income tax rate also contributed to the decrease in results this quarter driven primarily by the change in tax laws associated with recently enacted federal health care legislation. Higher other income associated with decommissioning trusts provided an offset to decreased earnings.Parent & OtherParent & Other reported a loss of $19.1 million, or 10 cents per share, on an as-reported basis in first quarter 2010 compared to an as-reported loss of $57.2 million, or 27 cents per share, in first quarter 2009. On an operational basis, Parent & Other reported a loss of $33.5 million, or 18 cents per share, in the current quarter and a loss of $46.5 million, or 22 cents per share, in first quarter 2009. Lower interest expense due to lower borrowings, including Parent debt redemptions, was the primary factor that resulted in the change in operational results at Parent & Other for the quarter.OutlookOn April 15, 2010, Entergy revised its 2010 as-reported earnings guidance to a range of $5.95 to $6.80 per share from $6.15 to $6.95 per share to reflect the potential charge in connection with the previously announced business unwind of the internal organizations created for Enexus and EquaGen. This charge will be classified as a special item in 2010. The total potential charge estimated at 40 to 45 cents per share includes previously identified special items for spin-off dis-synergies and expenses for outside services provided to pursue the spin-off, for which 25 cents per share had already been reflected in as-reported earnings guidance. Entergy has initiated efforts to eliminate spin-off dis-synergies as soon as possible during 2010. On an operational basis, Entergy affirmed its earnings per share guidance range of $6.40 to $7.20, which was based on the current business structure and excluded the special items described above.Overarching Financial AspirationEntergy continues to aspire to deliver superior value to owners as measured by total shareholder return. The company believes top-quartile total shareholder returns are achieved by:Operating the business with the highest expectations and standards,Executing on earnings growth opportunities while managing commodity and other business risks,Delivering returns at or above the risk-adjusted cost of capital for each initiative, project, business, etc.,Maintaining credit quality and flexibility,Deploying capital in a disciplined manner, whether for new investments, share repurchases, dividends or debt retirements, andBeing disciplined as either a buyer or a seller consistent with the market or Entergy’s proprietary point-of-view.Long-term Financial OutlookOver the next five years, Entergy believes it offers a competitive utility investment opportunity combined with a valuable option represented by a unique, clean, non-utility nuclear generation business located in attractive power markets. The expected current long-term financial outlook includes the following:Earnings:Utility:  5 to 6 percent compound annual net income growth rate over the 2010 2014 horizon (2009 base year).Entergy Nuclear:  Revenue projections over the next five years are expected to routinely fluctuate based on commodity markets — one of the most important fundamental drivers for this business.  While current forward power prices would show a decline in the long-term financial outlook for this business compared to 2010, Entergy Nuclear offers a valuable option taking into consideration the contango forward curve and the potential positive effects of an economic rebound (on market heat rates, capacity markets and natural gas prices), new legislation and/or regulation over the longer term.Corporate:  Results will vary depending upon factors including future effective income tax and interest rates, the amount of share repurchases and the ability to achieve the targeted break-even financial result for the non-nuclear wholesale assets business.Capital deployment:A balanced capital investment/return program. Entergy continues to see productive investment opportunities at the Utility in the coming years, as well as an investment outlook at Entergy Nuclear that supports continued safe, secure and reliable operations and opportunistic investments. Entergy aspires to fund this capital program without issuing traditional common equity, while maintaining a competitive capital return program. Given the company’s financial profile with a mix of utility and non-utility businesses, return of capital is expected to be provided similar to the past through a combination of common stock dividends and share repurchases. Absent other attractive investment opportunities, capital deployment through dividends and share repurchases could total as much as $5 billion over the next five years under the current long-term business outlook. The amount of share repurchases may vary as a result of material changes in business results or capital spending or new investment opportunities.Credit quality:Strong liquidity.Solid credit metrics that support ready access to capital on reasonable terms.Entergy Corporation is 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, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers inArkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and more than 15,000 employees.Additional information regarding Entergy’s quarterly results of operations, regulatory proceedings and other operations is available in Entergy’s investor news release dated April 29, 2010, a copy of which has been filed today with the Securities and Exchange Commission on Form 8-K and is available on Entergy’s investor relations website atwww.entergy.com/investor_relations(link is external).In this news release, and from time to time, Entergy Corporation makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed in Entergy’s Form 10-K for the year ended December 31, 2009, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934, (b) uncertainties associated with rate proceedings, formula rate plans and other cost recovery mechanisms, (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs, (d) nuclear operating and regulatory risks, and (e) legislative and regulatory actions, and conditions in commodity and capital markets during the periods covered by the forward-looking statements, in addition to other factors described elsewhere in this release and in subsequent securities filings.Appendix A provides a reconciliation of GAAP as-reported earnings to non-GAAP operational earnings. 332,316 Residential 29.7 9.7    Total Sales (5.9) 7,893 Industrial 20102009Change 74,049 240,333 (1.1) Income Taxes147,685 30.5     Natural gas96,027 Industrial 1,317 (96.1) (34.0)         Fuel, fuel-related expenses, and gas purchased for resale558,668 2010         Nuclear refueling outage expenses62,289 (in thousands) (29,474)                      Total171,198     Allowance for borrowed funds used during construction(8,001) 592 Average Number of Common Shares Outstanding – Basic189,202,684 56,779 11.7 $1.22     Allowance for equity funds used during construction13,296     Other interest – net12,267 Entergy Corporation Electric Customers  (End of period): As-Reported 257,852 1.2 2,282,585 – (4.6) 2,321,488 3.7 (Per share in U.S. $) 2,789,112 Three Months Ended March 31 46,387 403,379         Other operation and maintenance702,489 24.6                      Total2,282,633 Entergy Nuclear0.490.91(0.42) – Parent & Other(0.10)(0.27)0.17 2,736,034 (195.3) 137,446 163,046 0.8 38,892 1.2 2009 (9,812) 846,332 33 Operating Expenses:     Decommissioning51,576 26,759 (21.5)center_img (15,737)    Operation and maintenance: Utility Electric Energy Sales & Customers (9.2) % Inc/(Dec) Commercial (7.4) 34,298 (9.4) (5.0)  Consolidated Operational Earnings1.331.290.04 1.2 Preferred Dividend Requirements of Subsidiaries5,015                      Total60,983 0.3     Interest and dividend income48,209     Interest on long-term debt166,932 Other Income (Deductions): 46.9     Basic$1.13 %Change 3.9 Net Income Attributable to Entergy Corporation$213,799 9,645    Total Customers 24,175 6,194 506,527 2,704,251 Entergy Corporation $1.20 2.9 2009 First Quarter Utility—     Competitive businesses656,389 8,733 Parent & Other(0.18)(0.22)0.04 20102009Change 1.2 3.9 4.4 First Quarter 2010 vs. 2009                      Total2,759,347 Consolidated Income Statement Earnings Per Average Common Share Commercial 2010 22.2 As-Reported Earnings1.121.20(0.08) 562 5.3 77.8 6.5     Miscellaneous – net(522) 8,139 7.3     Electric$2,006,931 Governmental 688,147 16,947 Governmental 4.9 Wholesale 19,293 1,387     Taxes other than income taxes135,412    Total to Ultimate     Customers 5.8 Utility0.730.560.17 6,472 March 31 Average Number of Common Shares Outstanding – Diluted191,283,703 (9.0) 25,442 $235,335 9.0 2,348,838 (Per share in U.S. $) (36.4) Operational Earnings1.331.290.04 Operating Revenues: 328,352 127,965 7.3 48,742 15,519 Entergy Nuclear0.780.95(0.17) 134,397 22,788 Entergy Corporation (NYSE: ETR) today reported first quarter 2010 as-reported earnings of $213.8 million, or $1.12 per share, compared with $235.3 million, or $1.20 per share, for first quarter 2009. On an operational basis, Entergy’s first quarter 2010 earnings were $253.7 million, or $1.33 per share, compared with$252.6 million, or $1.29 per share, in first quarter 2009. Earnings for the Entergy Nuclear division were about half what they were a year ago, in part because of the tritium leak found at Vermont Yankee. (0.3)    Total Ultimate     Customers 644,702 192,593,601 $2,026,916 (1.0)  Consolidated As-Reported Earnings1.121.20(0.08) Interest and Other Charges:         Purchased power474,903 Wholesale 2,736,062     Depreciation and amortization269,204 Appendix A: Consolidated Earnings Reconciliation of GAAP to Non-GAAP MeasuresFirst Quarter 2010 vs. 2009 Income Before Income Taxes366,499last_img read more

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