Entergy Louisiana finalizes revised Meta data center agreement for $2 billion customer savings

Entergy Louisiana completed a revised power supply agreement with Meta Platforms for the company's hyperscale data center in Northeast Louisiana. The updated terms require Meta to cover its full cost of service, projecting $2 billion in savings for Entergy customers over 20 years on top of $650 million from the prior arrangement. Combined benefits now total $2.65 billion as the project advances state economic goals and grid reliability.

Meta committed to financing new infrastructure that will serve all customers while delivering direct aid programs. The deal includes $120 million for Entergy's Power to Care assistance, matching funds included, plus $140 million toward energy efficiency for vulnerable households. Additional support covers carbon-free nuclear development and up to 2,500 megawatts of new solar capacity.

Entergy Louisiana President Phillip May described the structure as alignment around growth and affordability under the company's Fair Share Plus framework. Savings will offset fixed costs like storm recovery and resilience upgrades that existing ratepayers otherwise would bear alone. The agreement received regulatory clearance after negotiations balancing customer protection with data center expansion.

Construction activity ramps up in Richland Parish, targeting thousands of jobs through 2031 alongside permanent high-tech roles. The facility positions the region as an AI infrastructure hub with potential scale to 5 gigawatts. Entergy confirmed resource adequacy to meet broader demand without compromising service to other users.

Entergy shares rose 4.8% in early Friday trading following the announcement. The deal exemplifies large-load contracts spreading infrastructure expenses across expanded bases while prioritizing ratepayer value.