NEW ORLEANS, Jan. 18, 2017 /PRNewswire/ -- Entergy
Corporation (NYSE: ETR) has announced that Bill Mohl, president of Entergy Wholesale
Commodities and a corporate officer, will retire after more than 35
years in the energy business effective Feb.
28, 2017. Mohl's planned retirement comes as the company is
executing its strategy to exit from the merchant power business,
operated by EWC, and focusing on the growth of its regulated
utility business.
Mohl's tenure in the energy industry, including 15 years with
Entergy, spans multiple companies, and the regulated utility and
unregulated energy businesses, including power, natural gas and gas
liquids. Throughout his career, Mohl has demonstrated a proven
track-record for transforming business and working collaboratively
across the industry and within organizations to achieve
objectives.
Mohl joined Entergy in 2002 as the director of special projects
responsible for developing the procurement process for long-term
resources for all of the regulated utility operating companies. In
his career with the company, he has held multiple leadership roles
of increasing responsibility, including vice president of
commercial operations, and vice president of system planning and
operations, before being named chairman, president and chief
executive officer of the former Entergy Louisiana LLC and Entergy
Gulf States Louisiana LLC utilities. Together, the companies served
more than 1 million electric customers and approximately 200,000
gas customers.
During his career at Entergy, Mohl was instrumental in executing
the portfolio transformation strategy resulting in numerous power
plant acquisitions; securing the required regulatory approvals to
move the Louisiana electric
utilities into the MISO market; and developing and executing the
business strategy to optimize the EWC business, as well as the
eventual exit from this business due to challenging market
conditions.
"Bill's contributions have been key in helping us to achieve our
business objectives," said Leo P.
Denault, Entergy's chairman and CEO. "In particular, the
successful transition from the merchant power business is allowing
us to focus on growing the utility. His leadership, business
perspective and ability to achieve results are characteristics that
made him an important member of our senior leadership team."
Prior to joining Entergy, Mohl served seven years at
Houston-based Koch Industries in
several leadership roles including vice president of Koch Energy
Trading, chief operating officer of Koch Midstream Services and
chief operating officer of Koch Investment Group. Mohl began his
career with Denver-based Xcel
Energy where he held roles in system operations over 14 years.
Because Entergy is transitioning from the wholesale power
business, Mohl's responsibilities will move to other senior leaders
within the business effective March
1.
Mohl has been an advocate on behalf of Entergy and the industry
for the reform of the power markets structure and served on the
executive committee and board of directors of both the Nuclear
Energy Institute and the Electric Power Supply Association.
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,
including nearly 10,000 megawatts of nuclear power, making it one
of the nation's leading nuclear generators. Entergy delivers
electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more
than $12 billion and approximately
13,000 employees.
Entergy's online address is: entergy.com
Twitter: @entergy; @entergynuclear
Facebook: www.facebook.com/entergy or entergy nuclear
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SOURCE Entergy Corporation