Entergy Corporation (NYSE:ETR) Q4 2022 Earnings Call Transcript

Drew Marsh: And it’s not changing our capital mix really either at this time. We’re using the internal tool for continuous improvement and trying to flex around those internal options rather than try to adjust what we’re doing on an external basis at this point.

Constantine Lednev: Excellent. That’s very helpful. Thanks so much and great quarter.

Drew Marsh: Thanks, Constantine.

Operator: Thank you. And our final question for today comes from the line of Nicholas Campanella from Credit Suisse. Your question, please.

Nicholas Campanella: Hey, everyone. Thanks for getting me in here. Just one from me today. In Louisiana, I know you’re kind of on the last year of the FRP cadence and I guess you’ll either file for an extension in the third quarter or a rate case. Can you just give us a sense of where you’re leaning there and any additional thoughts around that? Thank you.

Rod West: Well, we are prepared for both tracks and the filing of a rate case. It doesn’t prevent us from continuing to work with the commission and our related stakeholders on an extension or renewal of the FRP. So they are parallel paths, not inconsistent with the prior as I recall in my two iterations of review. So the process will likely be the same. Given the fact that we have the accelerated resilience filing and any anticipated tweaks along those lines, we’d be looking to figure out with our stakeholders what’s the most efficient path for us to incorporate the resilience components aside from the rest of the components of our capital plan and rate design. So more to come but parallel paths.

Nicholas Campanella: Thanks for that. Have a great day.

Rod West: Thank you.

Operator: Thank you. This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Bill Abler for any further remarks.

Bill Abler: Thank you, Jonathan, and thanks to everyone for participating this morning. Our annual report on Form 10-K is due to the SEC on March 1st and provides more details and disclosures about our financial statements. Events that occur prior to the date of our 10-K filing that provide additional evidence of conditions that existed at the date of the balance sheet would be reflected in our financial statements in accordance with generally accepted accounting principles. Also, as a reminder, we maintain a web page as part of Entergy’s Investor Relations website called Regulatory and Other Information, which provides key updates of regulatory proceedings and important milestones on our strategic execution. While some of this information may be considered material information, you should not rely exclusively on this page for all relevant company information. And this concludes our call. Thank you very much.

Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.