Entergy, Meta Ink Agreement To Fund New Gas Plants For Louisiana AI Data Center

Entergy Corp. (ETR) announced a new agreement with Meta Platforms Inc. (META) to support its hyperscale data center in Northeast Louisiana, promising benefits for both customers and the local economy. 

In 2024, Meta revealed plans to invest $10 billion in an AI-focused data center in northeast Louisiana and selected Entergy to add new power plants to supply the massive data center’s energy needs.

The expanded agreement is projected to provide roughly $2 billion in savings to Entergy Louisiana customers over the next two decades, adding to the $650 million previously pledged benefits when Entergy began construction of turbine generation facilities at the site in 2025.

According to Entergy’s Fair Share Plus pledge, the agreements ensure large-scale customers like Meta pay their full cost of service, delivering measurable value to all ratepayers. 

Entergy stock traded over 4% higher on Friday morning. 

Get updates to this developing story directly on Stocktwits.