ETR · Earnings call · 2026Q3T · Full report

Google Expansion Investment

ENTERGY CORP /DE/ · 2026-11-02 · Importance 46 · Surprise 42 · In source text

Entergy Arkansas amended its Google service agreement for expansion of Google’s West Memphis campus, with the company to cover the cost of new investments and its share of system costs. The expansion is expected to increase Entergy Arkansas’s Fair Share Plus customer bill savings by at least $500 million, bringing the total across Entergy utility companies to at least $7.5 billion. Entergy Arkansas filed for approval of its Google contract, $600 million of battery-storage investment, and a power purchase agreement for Big Island Solar; the expansion is expected to begin ramping in 2028, subject to commission approval. The CFO said the $600 million investment for the two batteries was added to the capital plan in the quarter and that incremental sales are expected under the agreement.

Key facts

• Entergy Arkansas filed for approval of its Google contract, $600 million of battery-storage investment, and a Big Island Solar power purchase agreement; commission approval was targeted for the first half of 2026, with the expansion expected to begin ramping in 2028.
• Entergy Arkansas’s amended Google service agreement for the West Memphis campus expansion increases expected Fair Share Plus customer bill savings by at least $500 million, bringing the total across Entergy utility companies to at least $7.5 billion.

Impact estimates