Shareholder Proposal

UWUA Local 369 Proposal for 2008 Annual Meeting of Entergy Shareholders

The shareholder proposal and supporting statement, as submitted by UWUA Local 369 for the 2008 annual meeting, provided:

Shareholder Proposal

RESOLVED, that the shareholders of Entergy urge the Board of Directors to adopt a policy that the shareholders be given an opportunity at each annual meeting to vote on an advisory resolution, to be proposed by Entergy management, to ratify the compensation of the named executive officers as set forth in the summary compensation table in the Company’s proxy statement.

The resolution submitted to shareholders should make clear that the vote is non-binding and would not affect any compensation awarded to any executive officer.

Supporting Statement

We believe executive compensation at our Company has become clearly excessive. During 2006, for example, the Board awarded CEO Wayne Leonard $14.8 million in total compensation, including stock awards and options worth $9.0 million, incentive plan payments of $2.2 million, base salary of $1.2 million, and other compensation.

This was significantly higher than top executive pay at other comparable utility companies. For example, Dominion Resources awarded its CEO less than half of Mr. Leonard’s total compensation, despite earning $5.5 billion more in revenue and $247 million more in net income.

Entergy awarded significantly more compensation to our CEO in 2006 than each of the following larger utility companies (based on annual revenue):

Company	Total CEO Pay (millions)	Annual Revenue (millions)
Consolidated Edison	$4.7	$12,137
Dominion Resources	7.3	16,482
PG&E	8.0	12,539
Southern Co.	7.9	14,356
Entergy Corp.	14.8	10,932

We also believe that, as an investor-owned public utility, Entergy must be especially sensitive to the goodwill of regulators and the public, and that any perception of excessive pay for top executives could damage our Company’s business and reputation.

For example, during 2006 Entergy successfully lobbied state and local authorities for $200 million in federal funds to help repair the devastation caused by Hurricane Katrina to the Company’s New Orleans subsidiary. The same year, Entergy awarded more than $27 million in compensation to only five top executives – the equivalent of almost 14% of this entire federal bailout for Entergy New Orleans.

We believe an advisory vote on executive compensation would give shareholders a powerful means to communicate their views to directors, and could also help curb excessive executive pay. This vote would supplement shareholders’ existing right to communicate directly with directors, and in our view would be a far more effective method of communicating shareholder concerns over executive compensation at our Company.

Verizon Communications and Aflac insurance company have adopted policies granting shareholders non-binding votes on executive compensation, starting in 2009. A majority of shareholders voting at Activision, Blockbuster, Ingersoll Rand, and Motorola voted in favor of similar shareholder proposals during 2007. This proposal is comparable, moreover, to the procedure followed in Australia and the U.K., where shareholders at public companies are permitted to cast advisory votes every year on the "directors' remuneration report."

We believe Entergy shareholders should also be able to register their views each year on executive compensation, and therefore urge shareholders to vote FOR this proposal. For more information, please visit our website at www.entergypaywatch.org.