Entergy (ETR) Breaks Ground on Louisiana Power Plants

Entergy Corporation (NYSE:ETR) is included among the 11 Energy Stocks to Buy for a Retirement Portfolio.

Entergy Corporation (NYSE:ETR) is an integrated energy company that provides electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.

Entergy Corporation (NYSE:ETR) made headlines on December 1 when the company broke ground on two combined-cycle combustion turbine generation facilities in Louisiana. Recently approved by the Louisiana Public Service Commission, the two power plants will add approximately 1.5 GW of natural gas generation capacity to help power Meta’s planned hyperscale campus in the state. Both projects are expected to come online by late 2028 and are projected to deliver over $650 million in customer savings over the next 15 years.

Phillip May, President and CEO at Entergy Louisiana, commented:

“These facilities represent the next step in Entergy Louisiana’s long-term strategy to modernize our generation fleet and deliver reliable, cost-effective power to our customers. By investing in efficient technologies and robust infrastructure, we’re ensuring that Louisiana remains a competitive, attractive place to live, work, and do business both today and well into the future.”

Given the ballooning demand from the AI boom and its accompanying data centers, Entergy Corporation (NYSE:ETR) recently updated its capital plan, with the utility targeting to spend $41 billion from 2026 through 2029. The company reported in its latest earnings call that its data center pipeline has continued to grow, extending from 7 to 12 gigawatts.

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