Entergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 2052
ENJ
New York Stock Exchange19.82
USD
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Entergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 2052
ENJ
(New York Stock Exchange)
Recent
price
19.82
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Entergy New Orleans, LLC, a subsidiary of Entergy Corporation, is a regulated electric utility that generates, transmits, distributes and sells electricity to approximately 209,000 customers throughout Orleans Parish in the greater New Orleans area; the company previously provided natural gas distribution services to approximately 109,000 customers until the divestiture of that business unit. Its core offerings encompass retail electric power delivery through an extensive local grid infrastructure, online billing and payment platforms, outage management systems, energy efficiency programs including Energy Smart for residential and commercial energy-saving assessments, and storm preparedness resources via dedicated centers and mapping tools. Entergy New Orleans, LLC operates exclusively within Louisiana, focusing on residential, commercial and industrial customers in a hurricane-prone region, with headquarters located in New Orleans. Founded as part of Entergy Corporation's lineage tracing back to 1913, with New Orleans operations evolving from predecessors like New Orleans Public Service Inc. (NOPSI) reorganized into its current form by 1996, the company maintains its base at facilities in downtown New Orleans, Louisiana. In a major strategic shift completed on July 1, 2025, Entergy New Orleans, LLC sold its natural gas distribution system—serving over 109,000 customers—to Delta Utilities, a Bernhard Capital Partners-backed entity, for approximately $484 million following regulatory approvals from the New Orleans City Council, Louisiana Public Service Commission and other bodies; this transaction enables sharpened focus on electric operations and grid investments. Concurrently, the New Orleans City Council approved the first phase of its Accelerated Resilience Plan in August 2025, a $100 million, two-year initiative through 2026 encompassing 65 projects to upgrade 3,096 structures and 63 miles of electric lines for enhanced storm hardening, supplemented by a $55 million federal GRIP grant and yielding no direct customer bill impacts. These developments align with broader Entergy efforts, including routine grid maintenance and sustainability initiatives amid Louisiana's energy transition.
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