In the most recent in a continuing series of public statements, Mississippi’s attorney general questioned on Friday Entergy Corporation's recent transfer of $1.3 billion from its parent company to its nuclear division. The attorney general claims that Entergy Corp. has wrongfully transferred money from its regulated utilities to its nuclear businesses.
“This is just another in a long line of press releases issued by the attorney general making an attempt to tie unrelated items together in order to confuse Mississippi customers,“ said Bob Grenfell, vice president of regulatory affairs at Entergy Mississippi, Inc. “Our actions have been proper and in compliance with applicable federal income tax law. We are confident that had the attorney general contacted Entergy directly, we would have been able to answer his questions.”
Entergy officials encourage Attorney General Hood to closely review the company’s financial disclosures that are filed with the U.S. Securities and Exchange Commission as legally required of publicly traded companies.
“As always, Entergy Mississippi works hard to deliver the most reliable, affordable power possible to its customers,” added Grenfell.
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