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Entergy : 2018 Advocacy and Political Contributions Report

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05/14/2019 | 05:48pm EDT

Entergy's 2018 Advocacy and Political Contributions Report

Political Contributions

Entergy Corporation's success depends on sound public policies at the national, state and local levels. We are involved in a number of legislative initiatives in a broad spectrum of policy areas that can have an immediate and dramatic effect on our operations. Through our participation and that of our employees, we promote legislative and regulatory actions that further our business objectives.

Political contributions of all types are subject to extensive governmental regulation and public disclosure laws and reporting requirements. Entergy is fully committed to complying with all applicable campaign finance laws. Federal law prohibits Entergy and its subsidiaries from contributing to candidates for federal office. Some states, however, do permit corporate contributions to state and local candidates. All states permit corporate support of ballot issue campaigns.

Entergy's Board has adopted the Public Policy and Advocacy Policy (the "Public Advocacy Policy") which outlines our principles governing political and lobbying activities, including our policy prohibiting corporate contributions directly to federal, state or local candidates. Our policy does permit us to make corporate contributions to political associations, organizations, parties and political action committees, and to social welfare organizations ("Political Contributions"). At the state or local level, Political Contributions require the approval of the appropriate jurisdictional president and at the federal level, they require approval of our Senior Vice President, Federal Policy, Regulatory and Governmental Affairs.

In the interest of transparency for all of our stakeholders, Entergy is posting this report listing Entergy's contributions to political and social welfare organizations during the period January 1, 2018 through December 31, 2018 (the "Reporting Period"). All Political Contributions to the organizations disclosed in this report were made in accordance with Entergy's Public Policy and Advocacy Policy. This report also provides the amount of dues identified by trade associations and other similar non-profit organizations as being used for lobbying activities where Entergy paid annual dues of $50,000 or more during the Reporting Period. The Corporate Governance Committee of Entergy's Board of Directors has reviewed and approved this report.

2018 Political Contributions

During the Reporting Period, Entergy made contributions to the following organizations.

Political Committees and Organizations


Arkansas Republican Party


Jefferson County Texas Republican Party


Republican Attorneys General Association


Texas House Democratic Legislative Caucus


Texas House Republican Legislative Caucus


Texas Senate Democratic Legislative Caucus


Texas Senate Republican Legislative Caucus




Social Welfare Organizations


2019 Texas Inauguration Ceremony


Center for Legislative Energy and Environmental Research


Congressional Black Caucus Political Education & Leadership



Congressional Institute


LA 1 Coalition


National Action Network, Inc.


Texas Taxpayers and Research Association


Third Way


Westchester County Association




Independent Expenditures

During the Reporting Period, Entergy and its subsidiaries did not make any direct independent expenditures and did not make any payments to influence the outcome of any ballot measures.

Trade Associations

Entergy is a member of certain trade associations that may use a portion of their membership dues for lobbying and/or political expenditures. Listed below are the trade associations that Entergy and its subsidiaries paid dues of $50,000 or more to in 2018 and the portion of those dues identified by those entities that were used for lobbying and/or political expenditures and were not deductible under Section 162(e)(1) of the Internal Revenue Code.

Name of Recipient

Portion of Dues Not


Arkansas State Chamber of Commerce/Associated Industries of



Association of Electric Companies of Texas


Business Council of Westchester


Edison Electric Institute


Independent Power Producers of New York


Mississippi Economic Council



Name of Recipient

Portion of Dues Not


New England Power Generators Association, Inc.


Safe Healthy Affordable Reliable Energy in New York


U.S. Chamber of Commerce


Utility Solid Waste Activities Group


Vermont Energy Partnership




Entergy Political Action Committees

While federal law and some state laws prohibit corporations from making political contributions to candidates, corporations can establish political action committees that are funded solely through voluntary employee contributions to make such contributions. Entergy established the Entergy Corporation Political Action Committee ("ENPAC") to promote good citizenship and further business interests that are of concern to all of Entergy's stakeholders, including its owners, customers, employees and communities. ENPAC is a voluntary organization open to all Entergy employees who are defined as executive, professional or administrative personnel. ENPAC is independent of any political party or candidate.

ENPAC is governed and operated by employees of Entergy and is comprised of six committees representing ENPAC members in each of our four state retail jurisdictions, as well as a Federal committee and a Nuclear committee. Each state committee has a local board or steering committee responsible for reviewing and approving state and local political contribution requests. The Federal committee reviews and recommends federal political contribution requests. Entergy provides limited administrative support to ENPAC. ENPAC contributions go directly to support political candidates at both the state and federal levels. Information about ENPAC is available on the website of the Federal Election Commission at www.fec.gov.

Entergy also has established a separate state PAC in the State of New York, the Entergy Corporation Political Action Committee--New York ("ENPAC-NY"). Establishment of a separate state PAC in New York was necessary because New York State law requires an in-state bank account and residence for the treasurer in order to contribute to New York state and local candidates. ENPAC-NY has a local board that is responsible for reviewing and approving contribution requests. ENPAC-NY only gives to state and local candidates. Additional disclosure information about ENPAC-NY is available on the website of the New York Board of Elections at www.elections.ny.gov.

Federal and State Lobbying Activity

Entergy believes that it has a legitimate interest in participating in the legislative and regulatory process at the federal, state, and local levels of government when such participation is in the best interest of the Company and its stakeholders. The Company's federal lobbying activities are overseen by the Company's Senior Vice President - Federal Policy, Regulatory and Governmental Affairs who also approves the participation or the engagement of individuals and/or entities that perform any federal lobbying activities on our behalf. At the state and local


level, these activities must be approved by the applicable subsidiary's Vice President for External or Governmental Affairs.

Entergy and its subsidiaries fully comply with all federal, state and local lobbying registration and disclosure requirements, which include filing all required reports with Congress and with the applicable state ethics agencies. These reports on federal lobbying activities are readily available for public review on the websites of the U.S. House (www.house.gov) and the U.S. Senate (www.senate.gov) and provide information on activities associated with influencing legislation through communication with any member or employee of Congress or with any covered executive branch official. The federal reports also provide disclosure on lobbying expenditures for the applicable quarter, describe the specific pieces of legislation that were the topic of communications, and identify the employees who were registered to lobby on behalf of Entergy or any of its subsidiaries. Entergy's subsidiaries and their registered lobbyists also comply with all state and local reporting and disclosure requirements related to state and local public official interactions and expenditures. Reports at the state level are available for review at the applicable state ethics agencies.



Entergy Corporation published this content on 14 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 May 2019 21:47:01 UTC

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Financials ($)
Sales 2019 11 895 M
EBIT 2019 1 869 M
Net income 2019 1 090 M
Debt 2019 19 651 M
Yield 2019 3,67%
P/E ratio 2019 17,90
P/E ratio 2020 18,13
EV / Sales 2019 3,26x
EV / Sales 2020 3,33x
Capitalization 19 107 M
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Leo P. Denault Chairman & Chief Executive Officer
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