S&P ups Entergy view to stable

Standard & Poor's said it affirmed the corporate credit and issue ratings on Entergy Corp. and its subsidiaries Entergy Arkansas Inc., Entergy Gulf States Louisiana LLC, Entergy Louisiana LLC, Entergy Mississippi Inc., Entergy New Orleans Inc., Entergy Texas Inc. and System Energy Resources Inc.

The outlook also was revised to stable from negative.

The outlook revision on Entergy and its affiliates recognizes a sustained and consistent level of improvement at the company's regulated utility operations, S&P said, balanced by the dual challenge of dealing with the ongoing moderation in wholesale power prices and of effectively managing the re-licensing process of two of its larger merchant nuclear plants.

Despite the declining contribution of the merchant generation business, the agency said it does not view the overall level of business risk as declining.

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