Tulane and Entergy Establish New Institute

January 26, 2004

Mark Miester
Phone: (504) 865-5714

James McFarland and C. John Wilder It's the beginning of what promises to be an electrifying relationship. In November, Entergy Corp. and Tulane announced the establishment of the Entergy-Tulane Energy Institute, a new center of excellence dedicated to the study of energy markets and institutions and the related issues of environmental and natural resources management.

The institute, made possible through a joint commitment of $2.5 million each from Entergy and Tulane, will address energy and environmental education, research, development and policy issues in a multidisciplinary context, with a major emphasis on building local expertise and creating an incubator environment to strengthen the quality and quantity of individuals in the energy industry and related sectors.

"The Entergy-Tulane Energy Institute will increase significantly the breadth and depth of the Freeman School's programs in energy and environmental management," says James W. McFarland, dean of the A. B. Freeman School of Business at Tulane, who will serve as executive director of the institute. "It greatly enhances our ability to design distinctive programs and provides increased focus and an organizational framework for our energy-related initiatives."

Building on the Freeman School's successful energy finance and energy markets programs, the institute will encompass a broad scope of business disciplines and provide leadership in a wide range of educational, research and outreach programs. The Tulane School of Engineering will play a key role in institute initiatives such as technology research and development and commercialization, which may lead to new business ventures.

The Energy Institute also will work with other academic units on initiatives that strategically fit with their respective missions and goals. "By bringing together dedicated, knowledgeable people, the Entergy-Tulane Energy Institute will help solve difficult energy challenges facing our region, such as ensuring reliable operation of the electric transmission grid and defining economical and environmentally friendly ways to increase electricity production," says C. John Wilder, executive vice president and chief financial officer of Entergy Corp.

"Research generated through the institute could very well have a significant impact, especially in the area of energy policy," adds McFarland. "The institute will have distinguished fellows, and we will bring in nationally regarded scholars who can analyze issues such as the recent blackout in the Northeast and make recommendations. We will also leverage the institute to identify additional corporate partners, so the institute will actively engage many scholars and experts beyond those at Tulane and Entergy."

The Energy Institute will be housed in Goldring/Woldenberg Hall II, the Freeman School's new center for graduate and executive programs. Goldring/Woldenberg Hall II features a state-of-the-art electronic trading room, which is expected to play a major role in the design and delivery of institute-related courses and programs. One of the first major public programs of the institute is expected to be a new annual forum dedicated to energy policy and research.

The Entergy-Tulane Energy Forum, which will take place in May 2004 to coincide with Entergy's board meeting, annual meeting of shareholders and annual investors' conference, will bring together nationally renowned scholars and experts to present research and discuss issues relating to energy and energy policy. Funding for the institute will come from a broad range of sources, including endowment, programs, gifts, grants and contracts. The institute will seek additional state and federal grants to study energy and environment issues.

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Tulane University, New Orleans, LA 70118 504-865-5000