August 2014

Monthly archive

LCDA issues bonds on behalf of the Louisiana Utilities Restoration Corporation for the benefit of Entergy Gulf States Louisiana, LLC and Entergy Louisiana, LLC

On August 6, 2014, the Louisiana Local Government Environmental Facilities and Community Development Authority (“LCDA”) issued bonds on behalf of the Louisiana Utilities Restoration Corporation (“LURC”) for the benefit of Entergy Gulf States Louisiana, LLC (“EGSL”) and Entergy Louisiana, LLC (“ELL”).  The purpose of the System Restoration Bonds was to finance a non-shareholder capital contribution to the Companies related to their respective storm costs in Louisiana from Hurricane Isaac in 2012, carrying costs, storm reserves, and issuance costs of the bonds.  The bonds totaled $71,000,000