Overview
- Entergy said Meta will pay the full cost of service for a planned hyperscale data center in Northeast Louisiana, which the utility estimates will drive up to $2.65 billion in customer savings over 20 years.
- The structure covers resilience and storm-hardening work that would otherwise fall to existing customers, aligning with Meta’s pledge to cover incremental grid costs.
- Entergy shares rose on the news, with one report citing a 6.82% gain to a $109.88 close and another noting the stock at $111.73 during publication.
- Project plans disclosed include seven new natural gas plants totaling more than 5,200 MW, about 240 miles of 500 kV transmission lines, three battery storage sites, and nuclear uprates, all still subject to regulatory review and detailed planning.
- Meta will support community and clean-energy efforts, including The Power to Care, energy efficiency programs, up to 2,500 MW of new solar, and an MOU with Entergy to explore future nuclear projects, with further guidance expected in Entergy’s April 28 update.