Entergy New Orleans, LLC 8-K, filed Nov 6, 2020
Entergy New Orleans, LLC (ENJ)
8-K
2020-11-06
For: 2020-11-06
View Original
Added on
April 11, 2026
About this 8-K
Entergy New Orleans, LLC filed this 8-K on November 6, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date earliest event reported) November 6, 2020
Commission File Number | Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No. | Commission File Number | Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No. | |||||||||||
(a Telephone ( | (a Telephone ( | |||||||||||||
(a Telephone ( | ||||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
Securities registered pursuant to Section 12(b) of the Act:
| Registrant | Title of Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||
| Entergy Corporation | |||||||||||
| NYSE Chicago, Inc. | |||||||||||
| Entergy Louisiana, LLC | |||||||||||
| Entergy New Orleans, LLC | |||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
As discussed in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020, in October 2020, Hurricane Zeta caused significant damage to portions of Entergy's service area in Louisiana, including New Orleans. The storm resulted in power outages, damage to distribution and transmission infrastructure, and the loss of sales during the power outages. Restoration costs for the repair or replacement of Entergy's electric facilities in areas with damage from Hurricane Zeta are currently estimated to be in the range of $220 million to $250 million, including $165 million to $185 million at Entergy Louisiana and $50 million to $60 million at Entergy New Orleans, with a minimal amount at other Entergy Utility operating companies. This estimate includes all costs to restore power and repair or replace the damages from the hurricane, except for the cost to repair or replace damage incurred to an Entergy Louisiana transmission line in southeast Louisiana, and the amount of that cost could be significant. The restoration plan for this transmission line and the related cost estimate is still being evaluated. Entergy is considering all available avenues to recover storm-related costs from Hurricane Zeta, including accessing funded storm reserve escrows and securitization. Storm cost recovery or financing will be subject to review by applicable regulatory authorities.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Entergy Corporation
Entergy Louisiana, LLC
Entergy New Orleans, LLC
By:/s/ Kimberly A. Fontan
Kimberly A. Fontan
Senior Vice President and
Chief Accounting Officer
Dated: November 6, 2020