ENTERGY NEW ORLEANS, LLC Business Summary

Entergy New Orleans, LLC (ENO) operates as a regulated electric and natural gas utility, generating revenue through a cost-of-service model where rates are authorized by the New Orleans City Council. The company’s primary business segments include Electric Operations—serving approximately 211,000 customers through a vertically integrated generation, transmission, and distribution network—and Natural Gas Operations, which provides distribution services to roughly 109,000 customers within Orleans Parish. As a regulated monopoly, ENO holds an exclusive franchise in its service territory but competes for industrial load and capital allocation against regional peers such as Cleco Power, SWEPCO (American Electric Power), and Mississippi Power (Southern Company). In 2026, the company is focused on a multi-billion dollar resilience and grid-hardening initiative alongside a strategic pivot to support high-growth industrial sectors, including AI data centers and clean energy manufacturing. The leadership team is led by President and CEO Deanna Rodriguez, a 30-year utility veteran who previously served as Vice President of Regulatory and Public Affairs for Entergy Texas and played a pivotal role in post-Katrina recovery funding. Supporting the executive suite is Kimberly A. Fontan, who serves as Executive Vice President and Chief Financial Officer for both the subsidiary and its parent, Entergy Corporation (NYSE: ETR). Following the 2025 retirement of Group President Rod West, the company’s strategic direction has been closely integrated with the parent organization’s 'Louisiana 100 Plan,' overseen by Entergy Corp Chairman and CEO Andrew 'Drew' Marsh. The company is governed by a board that includes top-tier institutional representation from major investors such as The Vanguard Group and BlackRock, ensuring a focus on long-term infrastructure modernization and decarbonization targets.