- Under Entergy’s Fair Share Plus plan, large-scale customers like Meta cover their full service costs.
- Entergy Louisiana will construct seven natural gas combined-cycle plants totaling more than 5,200 MW.
- Meta will also fund additional renewable energy projects and contribute to future nuclear development.
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.
Customer And Community Benefits
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.
Additional commitments from Meta include $120 million for Entergy’s The Power to Care program, $140 million for energy efficiency programs targeting vulnerable customers, and support for up to 2,500 megawatts of new solar energy and carbon-free nuclear options.
Entergy stock traded over 4% higher on Friday morning. On Stocktwits, retail sentiment around the stock jumped to ‘bullish’ from ‘bearish’ territory the previous day amid ‘high’ message volume levels.
Energy Infrastructure Expansion
Entergy Louisiana will build seven new natural-gas combined-cycle plants totaling more than 5,200 megawatts, 240 miles of 500-kV transmission lines, battery storage at three locations, and nuclear power uprates.
Meta will also fund additional renewable generation resources and support future nuclear developments, supporting grid reliability and efficiency for all customers. The move comes amid growing scrutiny from consumers and advocacy groups regarding the rising energy costs tied to AI infrastructure.
ETR stock has gained 19% year-to-date.
Also See: Unity Stock Is Rallying On Guidance Beat – But Analysts Are Split On Valuation
For updates and corrections, email newsroom[at]stocktwits[dot]com.