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Entergy Louisiana announces a new agreement with Meta that will deliver an additional $2B in customer savings

ETR
  • Entergy Louisiana & Meta finalized an agreement ensuring Meta pays full service costs for a new high-tech data center in Northeast Louisiana.
  • The deal is projected to save Entergy Louisiana customers approximately $2 billion over 20 years, adding to $650 million previously announced for a total of $2.65 billion in benefits.
  • Meta will contribute $120 million to Entergy's Power to Care program & $140 million for energy efficiency initiatives targeting vulnerable customers.
  • Meta supports incremental carbon-free nuclear solutions & up to 2,500 megawatts of additional solar renewable energy.
  • The project will create thousands of construction jobs from 2026 to 2031 & generate permanent engineering & maintenance roles in Richland Parish.
  • Entergy Louisiana plans a comprehensive infrastructure buildout paid for by Meta, including seven new natural gas plants totaling over 5,200 megawatts.
  • The infrastructure plan includes approximately 240 miles of new 500 kV transmission lines, battery energy storage at three locations, & nuclear power uprates.
  • Meta's funding commitment covers up to 2,500 megawatts of new renewable resources & a memorandum of understanding explores future nuclear development.
  • The project is the first to be submitted under the Louisiana Public Service Commission's newly adopted Lightning Amendment framework.
  • Louisiana Governor Jeff Landry & Meta executives emphasized the deal's role in advancing AI innovation, economic growth, & protecting consumer interests.
  • Management will discuss financial implications during the first-quarter 2026 earnings call scheduled for April 29, 2026.