Entergy gains on revised Meta data-center deal

Entergy

27/03/2026 14:46

** Shares of utility Entergy ETR.N rise 6.8% to $110.05

** Company's Louisiana unit says Meta Platforms META.O will pay full-service costs for the planned hyperscale data center in Richland Parish under an additional agreement

** ETR expects the agreement to deliver ~$2 billion in savings to Entergy's Louisiana customers over 20 years, in addition to $650 million previously announced

** Company also plans to carry out a major build-out of generation, transmission and storage infrastructure, paid for by Meta, to support the project

** Including session's moves, stock up 18.6% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))