TEXT-S&P bulletin on Entergy and Vermont lawmakers

(The following statement was released by the rating agency)

April 21 - Standard & Poor's Ratings Services said today that an effort by
Vermont lawmakers to require Entergy Corp. (ETR.N: Quote, Profile, Research) (BBB/Negative/--) to make
additional upfront payments that could total $400 million for the Vermont
Yankee nuclear plant decommissioning trust fund is a neutral event for credit
quality. If the effort is successful, the fund would likely reduce the amount
that could be distributed to the parent upon completion of the planned spin-off
of Entergy's merchant nuclear assets. Importantly, the additional payment could
act as a disincentive for Entergy to complete the transaction as proposed. The
Vermont proposal follows additional resistance brought about by the attorney
general in New York where Entergy operates the Indian Point 2 & 3 and
FitzPatrick nuclear plants. Should the spin-off not be completed, the ratings
are likely to be affirmed.
(New York Ratings Team)