Advocacy and Political Accountability
We are involved in a number of legislative and regulatory initiatives across a broad spectrum of policy areas that can immediately and dramatically affect our operations. We take positions on key economic, environmental, regulatory and social policy issues affecting our business, such as wholesale market structures, potential environmental regulations and poverty. We also participate in legislative and regulatory processes through trade organizations.
We encourage employee participation in the political process through the Entergy Corporation Political Action Committee. ENPAC contributions directly support state and federal political candidates. Entergy procedures ensure corporate political contributions are made in compliance with all applicable laws and reported in a timely manner. More than a third of Entergy’s employees are members of EnPower, Entergy’s grassroots advocacy effort. The organization educates members on issues of importance to the company and encourages members to get personally involved, including reaching out to public officials.
In 2015, Entergy joined with 27 states – including those in our utility service territory – and many other companies, trade organizations and unions in filing a legal challenge to EPA’s Clean Power Plan. We believe this rule reaches beyond EPA’s statutory authority, and that therefore joining this challenge is the best way to represent the interests of our owners, customers, employees and communities. At the same time, we are working with states and other stakeholders to develop efficient methods to comply with the rule, if it survives litigation. Entergy has one of the cleanest generation portfolios in the country, producing fewer CO2 emissions than 79 of the other top 100 power producers while ranking number seven for total generation.
The Earned Income Tax Credit is one of the most effective tools in the fight against poverty, lifting some 6 million Americans above the poverty level each year. Entergy partners annually with the IRS, United Way and community organizations to help low-income customers file for and receive their EITC. In 2015, our goal was to help customers file for and receive $35 million in EITC refunds. We helped more than 18,000 customers receive $35,113,238 in EITC refunds.
Entergy was recognized as a top scorer among companies new to the 2015 CPA-Zicklin Index of Corporate Political Disclosure and Accountability and placed in the top tier of all companies in the index. The index provides a comprehensive portrait of how S&P 500 companies are navigating political spending through disclosure and board oversight.