NEW ORLEANS, Oct. 8 /PRNewswire-FirstCall/ -- Entergy Arkansas, Inc. announced today that on Nov. 8, 2010 (the "Redemption Date"), it will redeem all $100,000,000 principal amount of its outstanding First Mortgage Bonds, 6% Series due Nov. 1, 2032, (the "6% Series Bonds") and $100,000,000 principal amount of its outstanding First Mortgage Bonds, 6.70% Series due April 1, 2032, (the "6.70% Series Bonds," and together with the 6% Series Bonds, the "Bonds") in each case, at the redemption price of 100 percent of the respective principal amount thereof (the "Redemption Price") plus accrued interest on the respective series to but excluding the Redemption Date. The 6% Series Bonds are listed on the New York Stock Exchange and trade under the symbol EHB (NYSE: EHB); and the 6.70% Series Bonds are listed on the New York Stock Exchange and trade under the symbol EHA (NYSE: EHA).
On the Redemption Date, 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 Deutsche Bank Trust Company Americas.
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 $10 billion and more than 15,000 employees.
Entergy's online address is entergy.com
SOURCE Entergy Corporation