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Corporate Social Responsibility
News
1.09.2008 - 03:19pm ET
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CSR News from:
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Entergy Corporation
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Entergy Wins Industry Award for Low-Income Initiatives
Company Honored for Advocating Programs to Help Customers, Strengthen Region
(CSRwire) NEW ORLEANS, Jan. 9 /PRNewswire-FirstCall/ -- News of Entergy Corporation
earning a national award for helping low-income people didn't surprise
Marion Zachary of the Scotlandville Community Development Corporation.
"I've known for years how much work Entergy puts into its programs to help
low-income residents," Zachary said. "If it wasn't for our partnership with
the Louisiana Housing Community Development Corporation and Entergy's
financial support, we wouldn't be able to continue building affordable
housing and trying to revitalize north Baton Rouge neighborhoods in
post-Katrina Louisiana."
Entergy received the Edison Electric Institute's Advocacy Excellence Award
on Wednesday for its Low-Income Initiatives, a variety of programs aimed at
helping the 20 to 30 percent of Entergy customers living in poverty across
its four-state utility service territory.
"Entergy continues to demonstrate leadership in developing effective
advocacy programs that lead to success in promoting state and local
policies beneficial to its customers and the industry," EEI President
Thomas Kuhn said. "I want to congratulate everyone at Entergy for winning
this year's EEI Advocacy Excellence Award."
Entergy's initiatives include everything from sponsoring individual
development account programs that help low-income workers build financial
assets to advocating at all levels of government for funding to assist the
elderly and the disabled pay energy costs.
One of the primary ways Entergy supports affordable housing comes through
its partnership with the Louisiana Housing Community Development
Corporation. Together, they have created a $1.4 million revolving loan
fund that makes it possible for groups like Zachary's Scotlandville
Community Development Corporation to build affordable housing. All told,
the loan fund has helped build 55 homes and 250 multi-family residences
over the last four years.
Entergy Chairman and CEO J. Wayne Leonard said, "It is our obligation as a
regulated utility to strengthen the economies of the communities we serve.
"It is our passion to improve the lives of the real people who make up
these communities that still suffer from historical injustices and a
national indifference or ignorance to the unconscionable conditions and
lack of opportunities that have become endemic to many parts of the mid
South.
"These are our customers and if we don't stand by them when they need us,
then we're not deserving of the loyalty our employees have demonstrated
when they have stood by the company during the good times and the tough
times," Leonard said.
"This is not a program or a process with Entergy. It's how we do business
and how we view our place in the world. We are not naive enough to think
that even in our own lifetime we can solve all of the economic or social
issues by ourselves and with our many selfless community partners.
"But we firmly believe we do make a difference every day, and we will
continue to do our part and to raise the public conscience that it doesn't
have to be this way. We can do something about it, now," Leonard said.
It is the third Advocacy Excellence Award for Entergy. The company
received the awards in 2005 and in 2007.
About Entergy Corporation
Entergy Corporation is an integrated energy company engaged primarily in
electric power production and retail distribution operations. Entergy owns
and operates power plants with approximately 30,000 megawatts of electric
generating capacity, and it is the second-largest nuclear generator in the
United States. Entergy delivers electricity to 2.6 million utility
customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has
annual revenues of more than $10 billion and approximately 14,500
employees.
Entergy's online address is http://www.entergy.com
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