NEW ORLEANS, May 16, 2014 /PRNewswire/ -- Entergy Texas,
Inc. announced today that on June 16,
2014 (the "Redemption Date"), it will redeem all
$150,000,000 principal amount of its
outstanding First Mortgage Bonds, 7.875% Series due June 1, 2039, (the "Bonds"), at the redemption
price of 100 percent of the principal amount thereof (the
"Redemption Price") plus accrued interest thereon to but excluding
the Redemption Date. The Bonds are listed on the New York
Stock Exchange and trade under the symbol EDT.
On the Redemption Date, the Redemption Price, together with
accrued interest to but excluding the Redemption Date, shall become
due and payable on each Bond, and on and after the Redemption Date,
the Bonds shall cease to bear interest. Payment of the
Redemption Price and accrued interest will be made on or after the
Redemption Date upon presentation and surrender of the Bonds to The
Bank of New York Mellon, Bondmaster Ops – Syracuse – Vault, 111 Sanders Creek Parkway,
East Syracuse, New York 13057.
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 more than 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 $11
billion and approximately 14,000 employees.
Entergy's online address is entergy.com
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SOURCE Entergy Corporation