NEW ORLEANS, Jan. 15 /PRNewswire-FirstCall/ -- Entergy Corporation (NYSE: ETR) today announced that during the period between February 2, 2009 and February 11, 2009 it will conduct on a date or dates selected by Entergy a remarketing of its Senior Notes, Series A ("Notes"), which are currently outstanding in the aggregate principal amount of $500 million.

If the remarketing is successful, the proceeds of the remarketing of the Notes that are held as a component of the 7.625% Corporate Units (NYSE: ETRPrA) will provide the consideration necessary to fulfill the related stock purchase contracts on February 17, 2009. In the event that there are any remaining proceeds of such Notes, payment of such amount will be made to the holders of the Corporate Units on February 17, 2009.

Upon a successful remarketing, the interest rate (currently at 5.75% per annum) on the Notes will be reset. The consummation of a successful remarketing will be subject to, among other things, market conditions during the remarketing period.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.

SOURCE Entergy Corporation