Phillip May Named President and CEO of Entergy Louisiana

11/07/2012

May succeeds Bill Mohl, who the company previously announced will become president of Entergy's wholesale commodities business.

NEW ORLEANS – Entergy Corporation (NYSE: ETR) announced today that Phillip R. May, Jr., 50, has been named chairman of the board, president and chief executive officer of Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C. effective Feb. 1, 2013. May succeeds William Mohl, 53, who the company earlier announced will assume the role of president of Entergy Wholesale Commodities in February 2013. May is currently vice president of regulatory services for Entergy's utility business.

"Phillip is a 26-year Entergy employee and Louisiana native," said Theo Bunting, Entergy's group president, utility operations. "His knowledge and experience make him the ideal choice to head our largest Entergy utilities and deliver on their objectives of providing outstanding customer service and strong financial results."

May has served as vice president of regulatory services since 2002, supporting regulatory activities – including rate design and administration, regulatory accounting and strategy – in all of Entergy's five retail regulatory jurisdictions.

May joined Entergy in 1986 and has worked as a rates and regulatory affairs engineer and a financial analyst and planner for Entergy's Louisiana utility operations. During his career at Entergy, he has also held key roles related to the negotiation of long-term wholesale power contracts, as well as acquisition activities, both domestic and international.

He has a bachelor's degree in electrical engineering from the University of Louisiana at Lafayette and an MBA from the University of New Orleans. He also completed the mergers and acquisitions program at the Wharton School in Philadelphia.

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 15,000 employees.

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