NEW ORLEANS, Aug. 17, 2016 /PRNewswire/ -- Entergy Louisiana,
LLC announced today that on September 16,
2016 (the "Redemption Date"), it will redeem all
$118,000,000 principal amount of its
outstanding First Mortgage Bonds, 6% Series due March 15, 2040, (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 ELB.
On the Redemption Date, provided that the trustee has received
sufficient funds to complete the redemption, 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 Louisiana, LLC provides electric service to more than 1
million customers and natural gas service to approximately 93,000
customers in the greater Baton
Rouge area. With operations in southern, central and
northeastern Louisiana, the
company is a subsidiary of Entergy Corporation (NYSE: ETR), 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 nearly 10,000 megawatts of
nuclear power. Entergy delivers electricity to 2.8 million utility
customers in Arkansas,
Louisiana, Mississippi and Texas. Entergy has annual revenues of
approximately $11.5 billion and more
than 13,000 employees.
Entergy's online address is entergy.com
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SOURCE Entergy Louisiana, LLC