Entergy said it reached a settlement with the SEC to resolve the SEC's investigation into the company's internal controls and books and records concerning potential surplus materials and supplies inventory, dated December 20, 2024. Entergy neither admits nor denies the SEC's findings.

1. 01

   Entergy said it reached a settlement with the SEC to resolve the SEC's investigation into the company's internal controls and books and records concerning potential surplus materials and supplies inventory, dated December 20, 2024. Entergy neither admits nor denies the SEC's findings.

2. 02

   Under the settlement, the company said it will pay a civil penalty of $12 million, which had been fully accrued. The settlement is subject to approval by a U.S. District Court.

3. 03

   The company said it reevaluated and strengthened its processes and controls for identifying and dispositioning surplus materials and supplies, and has already implemented them. Under the settlement, it will engage an independent consultant to evaluate the enhanced processes and controls.

4. 04

   Entergy said the settlement is not expected to have a material impact on its earnings for Q4 2024. It also said it reaffirmed its previously published adjusted earnings per share and credit outlooks.

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Original filing

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