Entergy Texas Inc Series A Pfd 2024年度报告

202Annual Report Entergy Corporation and Subsidiaries 2024 Entergy produces, transmits and distributes electricity to power life for 3 million customers through ouroperating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing for growth and improvedreliability and resilience of our energy system while working to keep energy rates affordable for our customers.We’re also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. Anationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million ineconomic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy.Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000employees. Learn more at entergy.com and connect with @Entergy on social media. We take an integrated approach to reporting on our company’s business objectives and outcomes. OurPerformance Report includes financial results and the economic, environmental, governance and social aspectsthat we believe help drive our results and are of interest to our customers, employees, communities and owners aswe fulfill our mission to deliver sustainable value to all stakeholders. We encourage you to visit our 2024 Performance Report atperformancereport.entergy.com Contents 1Letter to Our Stakeholders4Forward-Looking Information and Regulation G Compliance10Comparison of Five-Year Cumulative Return11Definitions14Management’s Financial Discussion and Analysis49Report of Management50Report of Independent Registered Public Accounting Firm53Consolidated Income Statements55Consolidated Statements of Comprehensive Income56Consolidated Statements of Cash Flows58Consolidated Balance Sheets60Consolidated Statements of Changes in Equity61Notes to Financial Statements201Board of Directors202Executive Officers203Investor Information LETTER TO OUR STAKEHOLDERS Last year was a remarkable moment in our company’s history. Never have we seen a growthopportunity like the one our employees are now rising to meet. I’m honored to share this update with youon what we achieved last year through the skill and dedication of approximately 12,000 employees and theservice they provided to our stakeholders across the regions we serve. In this letter, we highlight progress toward fulfilling our mission to create sustainable value for ourfour stakeholders: our customers, employees, communities and owners. And our customer-centric focuspositions us well to capture the significant growth opportunities ahead. Our role in the Gulf South’s economic growth story TheGulf South has many natural advantages for economic growth including its robusttransportation access, supportive communities and strong workforce. In addition, low energy costs andabundant energy transportation have long been a foundation of the economy of the Gulf South. Entergy’scompetitive rates have been an engine for growth for many years, and our economic development teamshave collaborated with our states, communities and local partners to produce industrial sales growth overthe last decade that is the envy of our country. Even as I share this good news, I believe the best is yet to come. We’re projecting 6% to 7% retailsales compound annual growth through 2028 due to a rapidly growing regional economy that’s drivingdiverse industrial growth. This growth continues to be fueled by the advantages of our region. Throughoutthis letter, we will share more about the qualities that recently helped attract that diverse growth, includinghyperscale data centers making positive impacts in the communities we serve in Mississippi and Louisiana.Entergy’s economic development and stakeholder engagement teams played critical roles in securing thesenew customers, and this growth brings important value to our stakeholders. To support this growth, we have assembled a strong capital plan that will serve these largecustomers, improve the resilience and reliability of our system for the benefit of all customers, and helppositively position the Gulf South region for further business investment while maintaining our costcompetitiveness. We plan to invest $37 billion in generation, transmission and distribution from 2025through 2028. This represents a significant increase in capital requirements and reflects the growth we areseeing in our region. A sustainable plan to support growth As you read this letter, you will learn how we are uniquely positioned to foster and manage suchindustrial growth while staying focused on a clean energy transition at the request of our customers. Weoperate one of the cleanest large-scale power generation fleets in the United States. Although meeting thepower demand from significant growth presents some environmental challenges, we remain committed, aswe have always been, to making the energy we deliver cleaner. Driven by our industrial customers’ requests for our help in reducing