BATON ROUGE – Entergy Louisiana, LLC has entered into an agreement to supply power to the proposed Lake Charles LNG project in southwest Louisiana.
Under the contract, Entergy Louisiana could supply up to 255 megawatts of power to the LNG project that is being developed by BG Group with Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) (collectively, “Energy Transfer”), which owns the existing LNG regasification facility in Lake Charles.
The addition of the project is another example of ongoing execution of Entergy’s business strategy. In the company’s recent third quarter earnings call, Entergy Chairman and CEO Leo Denault reiterated the company’s strategy is to grow the utility by investing capital in ways that benefit its customers, including meeting economic development and other growth needs.
“This is a large project that is helping to fuel the economic success of the southwestern Louisiana Gulf Coast region. Entergy Louisiana is proud to be a part of that,” said Phillip May, Entergy Louisiana president and CEO. “This is truly unprecedented growth and a real opportunity for our state to become leaders in LNG exportation.”