Entergy says source of Super Bowl power outage traced to relay device Entergy New Orleans, a unit of Entergy (ETR), announced that it has traced the cause of Sunday’s outage to an electrical relay device. The device was specifically installed to protect the Mercedes-Benz Superdome equipment in the event of a cable failure between the switchgear and the stadium. While the relay functioned without issue during a number of high-profile events, during Sunday’s game, the relay device triggered, signaling a switch to open when it should not have, causing the partial outage. This device has since been removed from service and new replacement equipment is being evaluated.
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.