Entergy CEO: We produce steady predictable returns, but they have been a lot higher than in the past

Summary

Entergy CEO Drew Marsh explains how data center demand has driven a $67B capital plan that is de-risked by customer contracts requiring them to cover incremental and some fixed costs. Jim Cramer questions whether the company can afford such a massive investment, and Marsh reassures that the cost pass-through supports strong predictable returns.

• Entergy's capital plan has doubled to $67 billion, mostly for data center infrastructure.
• CEO Drew Marsh details the 'Fair Share Plus' pledge where data center customers pay all incremental costs over the contract life.
• The pledge also requires customers to cover some fixed costs, including overhead and storm expenses.
• Jim Cramer raises the question of affordability of the giant capital plan.
• Marsh argues the contract structure de-risks the plan and supports returns higher than in the past.