Entergy and ITC Continue Transaction Approval Process with New Orleans City Council Filing

Entergy Corporation

and ITC Holdings Corp.

continued their multi-state and federal regulatory process seeking approval for Entergy's utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC. Taking the next step in the process are Entergy New Orleans, Inc. and Entergy Louisiana, LLC, which, in conjunction with ITC and ITC Midsouth LLC, filed a joint application today with the New Orleans City Council.