| "We continue to take the actions necessary to complete the planned non-utility nuclear spin-off," said J. Wayne Leonard, Entergy's chairman and chief executive officer. "With line of sight on ultimate resolution in 2010, the Entergy Board of Directors has granted authority for an additional $750M share repurchase program, following completion of an initial $500M authorization in Q309. While it is expected the additional share repurchases under the new authorization will occur following spin-off completion in the near-term, consistent with the $500M authorization, the incremental $750M of share repurchase capacity is supported by the underlying business operations whether or not the spin-off transaction is completed." :theflyonthewall.com |
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