trending Market Intelligence /marketintelligence/en/news-insights/trending/o1xrdyoqxfmfmpqyn0_cjq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Entergy New Orleans seeks to restructure in multistep transaction

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

S&P Podcast – Economic Recovery Will Guide US Ad Market

Cable Network Q1'20 Distribution Revenue Recap

Entergy New Orleans seeks to restructure in multistep transaction

Entergy NewOrleans Inc. has asked the New Orleans City Council to approve itsproposed multistep restructuring plan that calls for the transfer ofsubstantially all of its assets and operations to a new subsidiary.

Under the merger transaction, the subsidiary would convertto a Texas corporation from a Louisiana corporation and transfer its assets andliabilities to Entergy New Orleans Power LLC in exchange for a membership stake.

In the next step, Entergy New Orleans will contribute itsmembership stake in the new subsidiary to Entergy Utility Holding Co. LLC,which will become the owner of Entergy New Orleans Power.

Entergy New Orleans will then change its name to Entergy NewOrleans Holdings Inc., and Entergy New Orleans Power will change its name toEntergy New Orleans LLC.

The plan also calls for the redemption of Entergy NewOrleans' outstanding preferred stock at a price of about $21 million, whichincludes an expected call premium of about $819,000, plus any accrued andunpaid dividends, according to a Form 8-K filed July 25.

The transaction, which is subject to FERC approval, isexpected to close by the end of 2017.