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Entergy Names Burke New General Counsel and Chief Legal Officer for EquaGen LLC

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NEW ORLEANS, Aug. 26 /PRNewswire-FirstCall/ -- Entergy Corporation (NYSE: ETR) continues to make regulatory progress toward achieving the spin-off of its non-utility nuclear assets. The company has announced that Terence Burke will become general counsel and chief legal officer for EquaGen LLC, the joint venture operating company that will be owned 50 percent by Entergy and 50 percent by Enexus Energy Corporation. Enexus is the company Entergy will spin off as the new owner of its wholesale nuclear plants.

Burke has been associate general counsel for Entergy Corporation, where he was lead counsel for Entergy's nuclear business.

Burke joined Entergy in 2005 and has managed legal services for the company's regulated and unregulated nuclear operations, including legal aspects of nuclear business development, regulation, relicensing, litigation, and other areas. Prior to joining Entergy, he was a vice president and deputy general counsel at Allegheny Energy Corporation and chief counsel at Niagara Mohawk Power Corporation. He began his career at theChicago law firm of Schiff, Hardin & Waite.

He earned his bachelor's degree in philosophy and Spanish at Hamilton College, and his juris doctor from the Law School of the University of Chicago.

Michael Kansler, chief nuclear officer for Entergy who will head the new EquaGen organization, said, "Terry's extensive background in utility law, especially with matters involving nuclear operations and management, will continue to make him a vital part of the core leadership at EquaGen. I am delighted he will be part of our team."

EquaGen will be headquartered inJackson, Miss., as a joint venture of Entergy Corporation and Enexus Energy Corporation. Enexus will own six wholesale reactors that are currently part of Entergy's 11-reactor fleet and that will be operated by EquaGen, inNew York,Massachusetts,Michigan and Vermont. In addition, EquaGen will provide management and technical services to the Entergy Nuclear plants inArkansas,Louisiana andMississippi that are part of its utility-owned generation portfolio.

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 inthe United States. Entergy delivers electricity to 2.7 million utility customers inArkansas,Louisiana,Mississippi andTexas. Entergy has annual revenues of more than $11 billion and approximately 14,300 employees.

Entergy's on-line address is www.entergy.com

SOURCE Entergy Corporation



 
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