NEW ORLEANS, May 13, 2016 /PRNewswire/ -- Entergy Mississippi, Inc. announced today that on June 13, 2016 (the "Redemption Date"), it will redeem all of its outstanding First Mortgage Bonds, 6% Series due November 1, 2032, in the amount of $75,000,000 (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 EMQ.
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 Mississippi, Inc. provides electricity to approximately 445,000 customers in 45 counties. It is a subsidiary of Entergy Corporation. Entergy Corporation (NYSE: ETR) 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, 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 more than $11.5 billion and more than 13,000 employees.
Entergy's online address is entergy.com
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SOURCE Entergy Mississippi, Inc.