For
Company’s Low-Income Customer Assistance Initiative
New Orleans, La. - Entergy
Corporation (NYSE: ETR) received the National Fuel Funds Network’s 2010
Corporate Excellence Award today for its work fighting poverty and helping its
low-income customers.
The award was presented Wednesday
during the National Energy and Utility Affordability Conference in San Antonio,
Texas. The National Fuel Funds Network is an association of some 300 groups and
companies that provide financial help so low-income people can pay their energy
costs.
The fuel funds group selected Entergy
for the award based on the company’s Low-Income Customer Assistance Initiative,
a group of programs aimed at eliminating poverty and providing help to
economically vulnerable customers in the four states served by Entergy
utilities.
“This is a great honor for the men
and women at Entergy who work so hard to address the needs and issues faced by
far too many of our customers,” said J. Wayne Leonard, chairman and chief
executive officer of Entergy. “They reflect the conscience of our company. They
have made great progress in aligning outdated corporate policies with our values
as well as working to improve public policies directly affecting those with low
or fixed incomes.”
Entergy’s initiative began more than
10 years ago with Leonard’s call for employees and community advocates to work
together and create a set of public and corporate policies to help low-income
customers and to fight against the widespread poverty in the mid-South.
Arkansas, Louisiana, Mississippi and Texas are among the top 10 states in the
percentage of people living below the poverty line.
“Our employees put together a
‘business’ plan that serves as a model for others in our industry and beyond,”
Leonard said.
Among the program’s accomplishments
over the last decade:
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Between 1999 and 2009, donations
from customers, employees and shareholders for Entergy’s customer assistance
funds increased from $681,000 to $2.3 million.
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Approximately 5,400 additional
homes are weatherized each year through Entergy and state-run programs.
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Arkansas, Texas and New Orleans
have passed legislation creating permanent sources of public funding for
low-income customer assistance programs.
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Approximately $1.6 million in
Entergy donations were used to expand Individual Development Account matched
savings program to 69 communities in Entergy states, helping an estimated
19,000 people and creating an economic impact estimated at $69 million.
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Earned Income Tax Credit refunds
are up $900 million annually in Entergy states, totaling $8.1 billion per year
due in part to Entergy’s promotion of the EITC to its low-income customers.
“It’s fitting that Entergy received
the Corporate Excellence Award since its leadership and rank and file have
demonstrated over the years a tremendous commitment to the issues affecting
their low-income customers,” said Thomas Stovall, chairperson of the NFFN board
of directors.
Entergy Corporation is an integrated
energy company engaged primarily in electric power production and retail
distribution operations. Entergy owns and operates power plants with
approximately 30,000 megawatts of electric generating capacity, and it is the
second-largest nuclear generator in the United States. Entergy delivers
electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi
and Texas. Entergy has annual revenues of more than $10 billion and more than
15,000 employees.
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entergy.com