Entergy, SMG issue statement regarding power issues at Mercedes-Benz Superdome The following is a joint statement from Entergy Corporation and SMG, the management company of the Mercedes-Benz Superdome, regarding the partial power loss during the Super Bowl in New Orleans: Shortly after the beginning of the second half of the Super Bowl in the Mercedes Benz Superdome, a piece of equipment that is designed to monitor electrical load sensed an abnormality in the system. Once the issue was detected, the sensing equipment operated as designed and opened a breaker, causing power to be partially cut to the Superdome in order to isolate the issue. Backup generators kicked in immediately as designed. Entergy and SMG subsequently coordinated start up procedures, ensuring that full power was safely restored to the Superdome. The fault-sensing equipment activated where the Superdome equipment intersects with Entergy's feed into the facility. There were no additional issues detected. Entergy and SMG will continue to investigate the root cause of the abnormality.
Entergy downgraded to Sell from Neutral at Goldman Goldman downgraded Entergy to Sell due to below consensus estimates due to sower regulated growth at the regulated segment and lower Northeast power prices in the non-regulated business. The firm's price target is $68 on shares.