Entergy’s net cash flow provided by operating activities in the third quarter was $663 million, compared to $793 million in the third quarter of 2006.
The residential sales in third quarter of 2007, on a weather-adjusted basis, were up less than 1% compared to third quarter of 2006. The commercial and governmental sales, on a weather-adjusted basis, were up 2%. Industrial sales experienced a decrease of 2% in the third quarter of 2007 compared to the same period a year ago.
Wayne Leonard, chairman and CEO of Entergy, said: The board of directors’ decision to pursue a plan to spin off the non-utility nuclear business to shareholders reflects the same commitment to shareholder value that has produced the highest return in the industry over the last nine years. In addition, as reflected in earnings guidance for 2008, the company remains on track to realize its aspiration of growing earnings $1 per share per year.
