Entergy Mississippi, Inc. Announces Redemption of All Outstanding First Mortgage Bonds, 7.25% Series due Dec. 1, 2032
New Orleans, La. – Entergy Mississippi, Inc. announced today that on May 14, 2010, (the “Redemption Date”) it will redeem all $100,000,000 principal amount of its outstanding First Mortgage Bonds, 7.25% Series due Dec. 1, 2032 (the “Bonds”), at the redemption price of 100 percent of the principal amount thereof (the “Redemption Price”) plus accrued interest to but excluding the Redemption Date. The Bonds are listed on the New York Stock Exchange and trade under the symbol EMO.
On the Redemption Date, the Redemption Price together with accrued interest to but excluding the Redemption Date shall become due and payable on each Bond, and on and after the Redemption Date the Bonds shall cease to bear interest. Payment of the Redemption Price and accrued interest will be made on or after the Redemption Date upon presentation and surrender of the Bonds to The Bank of New York Mellon.
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and over 15,000 employees.