Entergy Texas, Inc. Announces Redemption of All Outstanding First Mortgage Bonds, 7.875% Series due June 1, 2039
Entergy Texas, Inc. announced 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.