Tuesday, September 23, 2008

Entergy & Foundation for the Mid South Create Hurricane Relief Fund

NEW ORLEANS — Entergy Corporation and the Foundation for the Mid South have created the Entergy Hurricane Relief Fund for victims of hurricanes Gustav and Ike. The fund will be used to help disaster victims restore their lives in the aftermath of the two storms that swept across Entergy's service territory less than two weeks apart, knocking out power to more than 1.6 million customers and devastating communities from south Louisiana to the upper Texas coast. Entergy Corp. has committed $700,000 to the fund.

"We are heartsick at the losses our communities have suffered," said Curt L. Hebert, executive vice president, external affairs. "Even as we launched a massive power restoration effort, we are equally concerned about reaching out to help our communities rebuild."

Unlike relief agencies that focus primarily on immediate needs, the Entergy Hurricane Relief Fund will help survivors recover and rebuild. Nonprofits and intermediary organizations may apply for grants ranging from $5,000 to $25,000 for nonprofit groups serving disaster victims who reside within Entergy's service area. The program will not provide direct grants to individuals.

Eligible organizations must have 501(c) 3 nonprofit or equivalent tax status. Projects funded will include rebuilding efforts such as expenses related to home building or repairs, transportation, education, starting or rebuilding a business. All funds must be targeted to projects serving communities within Entergy's service area that were affected by Gustav and Ike.

A selection committee chosen by the Foundation for the Mid South will review all grant applications and will make decisions based on the information submitted on the applications. Nonprofits and intermediary organizations can download and submit an application for the Entergy Hurricane Relief Fund.

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 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,300 employees.

The $700,000 that Entergy is contributing to this fund will enable many charities in the affected regions to resume services and help people impacted by Hurricanes Gustav and Ike. This is an important step in rebuilding these communities.

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