Judge Rejects Entergy Bid to Block Reporting on Google Data Center Deal
ETR sits 24% above its 52-week low of $86.4.
Summary
An Arkansas federal judge denied Entergy Arkansas's request for a temporary restraining order to stop the Arkansas Democrat-Gazette from publishing details from confidential documents tied to its role in building power infrastructure for a $4 billion Google data center. The ruling allows continued reporting on the deal, which includes Google paying Entergy $526 million for a solar facility covering about one-third of the $1.6 billion Cypress Solar project. The project features a 600-megawatt solar field and a 350-megawatt battery facility, with a special rate contract approved by regulators in December. Entergy claims the documents contained trade secrets disclosed in error, while Google says it will cover 100% of power and infrastructure costs. This legal setback exposes sensitive commercial terms and could invite regulatory or public scrutiny of the arrangement, though the underlying project appears to proceed. Watch for the preliminary injunction briefing schedule and any further disclosures from the newspaper.
At the time of this announcement, ETR was trading at $106.75 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $49.8B. The 52-week trading range was $86.40 to $118.45. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.