DALLAS - The Louisiana State Bond Commission on Thursday selected Citi as senior underwriter and book-runner on $1.01 billion of taxable utility system revenue bonds to be issued by the Louisiana Public Facilities Authority on behalf of two units of Entergy Inc.

The bonds will provide $721 million of proceeds to Entergy Louisiana LLC and $291 million of proceeds to Entergy Gulf States Inc. The money will reimburse the utilities for the cost of restoring electrical delivery systems in Louisiana after hurricanes Katrina and Rita in 2005, and fund a restoration reserve of $250 million to repair damages from future storms.

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