Energy Future Entergy’s Perspective Restructuring Roundtable New Nuclear in New England June 6, 2008 Jack Alexander Manager, Government Affairs Entergy Nuclear

Entergy Corporate Highlights Entergy is an integrated energy company engaged in electric power production, retail distribution, energy marketing and trading, and gas transportation Headquarters in New Orleans; operations in Gulf Coast (LA, MS, AR & TX) and Northeast (NY, MA, VT) $26.9 billion in assets; $10 billion in revenues 2.6 million retail customers; 14,000 employees 30,000 MW of generation worldwide; 14,500 miles of transmission; an expanding U.S. plant portfolio 5th largest U.S. electricity generator, 2nd Nuclear Corporate Nuclear Restructuring “ENEXUS” National Leader in Climate Change Action

New Generation Required Increasing Population Improving Standards of Living New Uses for Electricity Conversion of Products for Other Energy Sources to Electricity Replace Retired/Obsolete Generation

New Generation Principles Sustainable Secure Plentiful Penchant for Action Mitigate Unnecessary Impacts to People, Especially Low Income Use Good Science and Economics to Make Decisions

By 2050 Emissions Need to Be Less than 1960 CO2 Concentration

Conclusion Nuclear is a Important Potential Contributor Re-licensing existing plants Building new plants

New England’s Nuclear Potential 9 Units Previously Existing 5 Units left 15 Units Potential With Existing Sites 0 Units Planned or Expected

New Nuclear in USA 34 Units Proposed 23 Applications submitted or scheduled TX 8 SC FL 4 NY 3 AL NC GA 2 MD VA MS LA MO PA MI ID UT 1

Entergy’s Re-Licensing Efforts Pilgrim Vermont Yankee Federal State Balance of the Fleet Other NE Nukes

Why Not’s Risky Environment for Investors NIMBYism Political climate Enduring history of Energy Dependence Smaller Prospects for Economic Growth Geographic Limitations Retail Competition Lean Elsewhere First

SUMMARY & CONCLUSIONS New England faces a future with energy challenges No magic bullet. We must use everything available Re-licensing of existing nuclear and eventual construction of new nuclear a vital part of our future energy mix