Entergy Texas, Inc.
ETI
New York Stock Exchange0.13
USD
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Entergy Texas, Inc.
ETI
(New York Stock Exchange)
Recent
price
0.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Entergy Texas, Inc. (ETI) operates as an investor-owned electric utility that generates, transmits, distributes and sells electricity to approximately 524,000 residential, commercial and industrial customers across 27 counties in southeast Texas, spanning 15,320 square miles; core infrastructure includes 562,436 utility distribution poles, 26,364 transmission poles, 14,681 circuit miles of distribution lines, 2,756 circuit miles of transmission lines and 319 substations; power generation sources encompass natural gas plants such as the 993-megawatt Montgomery County Power Station, the under-construction 1,215-megawatt Orange County Advanced Power Station, the acquired Hardin County Peaking Facility and the 150-megawatt Umbriel Solar facility in Polk County, with ongoing expansions under the Southeast Texas Energy Plan targeting 1,600 megawatts of additional capacity by 2028 through a mix of natural gas, nuclear and renewables. Founded through the 1994 merger of Gulf States Utilities with Entergy Corporation—headquartered in New Orleans, Louisiana—and headquartered in Beaumont and The Woodlands, Texas, the company employs 1,085 people and serves high-growth areas including Harris, Jefferson, Montgomery and Orange counties. Recent developments include Public Utility Commission of Texas approval in October 2025 for the Southeast Texas Area Reliability Project (SETEX) 500-kilovolt transmission line spanning up to 160 miles, $200 million in Texas Energy Fund grant funding for grid resilience upgrades as part of the Future Ready Resilience Plan, phase one approval of the $137 million system resiliency initiative in January 2025, proposed Cypress to Legend 500-kilovolt line for 2028 service and advancement of the six-step STEP Ahead plan to bolster generation, transmission and weather hardening amid rapid population and industrial demand.