ENTERGY LOUISIANA, LLC Business Summary

Entergy Louisiana, LLC (ELC), a subsidiary of Entergy Corporation (NYSE: ETR), operates as a regulated electric utility providing generation, transmission, and retail distribution services to over 1.1 million customers across 58 Louisiana parishes. The company’s revenue model is primarily driven by rate-regulated retail electricity sales, with a high-density industrial segment accounting for approximately 55% of total load, followed by residential (25%) and commercial (19%) sectors. As of February 2026, ELC is executing a multi-billion-dollar capital investment strategy focused on grid resilience and the modernization of its 24,000 MW generation fleet, including the integration of 3,000 MW of solar resources and high-efficiency natural gas facilities like the Franklin Farms Power Station. In the regional energy market, ELC competes for industrial load and economic development projects against peers such as Southern Company, Duke Energy, and NextEra Energy, maintaining a dominant position in the Gulf Coast industrial corridor due to its specialized infrastructure for large-scale data centers and manufacturing hubs. Leadership is spearheaded by President and CEO Phillip R. May, Jr., a 40-year utility veteran with an electrical engineering degree from UL Lafayette and an MBA from the University of New Orleans, who has led the company since 2013. The executive team includes Laura Beauchamp, Vice President of Business Operations and Strategy, a Tulane MBA with over two decades of experience in resource planning, and Jason Chapman, who serves as Senior VP and Chief Technology and Business Services Officer, overseeing the firm’s digital transformation and cybersecurity. Financial oversight is managed by EVP and CFO Kimberly A. Fontan, while legal and regulatory affairs are directed by SVP and General Counsel Dan Falstad. The company is governed by a board that includes parent-company executives Roderick K. West and Peter S. Norgeot, Jr., ensuring strategic alignment with Entergy Corporation’s broader decarbonization and reliability mandates.