August 22, 2008
Entergy Names Agresta New Executive Vice President, General Counsel and Chief Legal Officer for Enexus Energy Corporation
NEW ORLEANS, Aug. 22 /PRNewswire/ -- As actions continue toward gaining regulatory approval for the planned spin-off of non-utility nuclear assets, Entergy Corporation has named Steven Agresta executive vice president, general counsel and chief legal officer for the spin-off company, Enexus Energy Corporation.
Agresta comes to Enexus from the Energy Group at Alston & Bird, LLP of Washington, D.C., where he was the Group's leader. There he represented foreign and domestic utility companies on a variety of issues, including the financial consequences of nuclear construction and operation, deregulation of electric markets, power marketing and generation, mergers and acquisition, and other matters.
"Clearly, Steven has an impressive background that will round out an outstanding leadership team at the new company," said Richard Smith, who will serve as CEO of Enexus. "His contributions will be vital as we get this groundbreaking business model underway."
Enexus will be headquartered in Jackson, Miss. and will own six wholesale reactors that are part of Entergy's 11-reactor fleet, including Vermont Yankee in Vernon, Vt.; Pilgrim Station in Plymouth, Mass.; the James A. FitzPatrick plant near Oswego, N.Y.; the Palisades plant in Covert, Mich., and two reactors at the Indian Point Energy Center in Buchanan, N.Y.
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, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,300 employees.
Entergy's on-line address is http://www.entergy.com/
CONTACT: Jim Steets of Entergy Corporation, +1-914-272-3545,Cell: +1-914-671-0457, [email protected]
Web site: http://www.entergy-nuclear.com/http://www.entergy.com/