Entergy donates $250k to America’s Wetland Foundation
Entergy Corporation (NYSE: ETR) is giving a $250,000 grant to
America’s Wetland Foundation to help the group build public support for
policies that protect the Gulf Coast region against a changing
Entergy announced the donation Wednesday evening following a Blue Ribbon Resilient Communities/America’s Energy Coast forum in Galveston.
The Galveston event is the latest in an ongoing series of community
forums being held across the Gulf Coast by America’s Wetland Foundation
and its America’s Energy Coast initiative as they build public support
for policies and projects to make the coast more resilient.
meetings are intended to build on the findings of a $4.1 million study,
the first of its kind for the Gulf Coast, commissioned by Entergy in
2010. The study showed environmental changes could cost coastal
communities up to $350 billion in losses over the next 20 yearsif economically sensible steps aren’t taken to make the Gulf Coast more resilient.
study, “Building a Resilient Energy Gulf Coast,” determined that
economic losses could increase up to 65 percent by 2030 due to economic
growth, subsidence and rising sea levels.
The study recommends a range
of adaptation measures – from increasing beach nourishment to
retrofitting roofs – that can prevent a large part of the expected
increase in losses.
The study found that an investment of $50 billion
over the next 20 years will lead to estimated avoided losses of $135
billion over the lifetime of the measures. The focus area of the study
was the four energy-producing states along the Gulf Coast (Alabama, Louisiana, Mississippi and Texas).
In presenting the grant Wednesday night, Joe Domino, president of Entergy Texas,
Inc., said, “Our resiliency planning as a major power provider is laser
focused on the impacts that sea level rise, land subsidence and more
intense storm conditions have on the people and communities we serve.”
has stepped in with both money and people to assist Gulf Coast
communities move toward resilience,” said Valsin A. Marmillion,
America’s WETLAND Foundation managing director. “We thank them for
partnering with the foundation to produce important research that local
governments could not likely afford. This is a perfect example of
corporate stewardship and social responsibility.”
Funding for the grant came through Entergy’s Environmental Initiatives Fund.
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 15,000 employees.