02:20 PM EDT, 05/24/2024 (MT Newswires) -- Entergy ( ETR ) said Friday it expects to recognize a one-time non-cash pension settlement charge in Q2 of between $305 million and $335 million before taxes following the purchase of a group annuity contract.

The firm said it is undertaking the transaction to eliminate the risk and volatility associated with the transferred pension liability.

Entergy ( ETR ) affirms its adjusted EPS and credit outlooks as it expects the impacts to earnings and credit outlooks to be immaterial.

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