CORTLANDT, N.Y. -- Entergy Corporation, the operator of Indian Point in Buchanan, was recently named one of the United States' 100 Best Corporate Citizens by Corporate Responsibility Magazine.
The company earned the honor "because of its responsible and sustainable actions in the areas of corporate governance and finance, environment, employee relations and philanthropy," according to a press release.
Entergy Corporation is a longtime member and supporter of The Business Council of Westchester.
Corporate Responsibility Magazine recently released the 100 Best Corporate Citizens List after an annual assessment of nearly 300 performance indicators of public companies across the country. Entergy Corporation was named the 52nd Best Corporate Citizen.
Entergy's top rankings included the areas of climate change and philanthropy and the company placed first in corporate governance. This is the fifth year Entergy has been named to the list.
"We are honored to be counted among the country's best companies in going the extra mile for our stakeholders," said Entergy Chairman and Chief Executive Officer Leo Denault. "This recognition is a testament to the enduring commitment of everyone - from our board of directors to our front-line employees - to doing the right thing."
The Business Council believes "that competitive energy costs are essential to making New York business friendly," according to the release.
"In fact, a BCW study concluded that electric rates would spike by 6.3 percent - that's about $373 million more in electricity bills - if Indian Point were to close," representatives said in the release. "Westchester County would also lose 3,300 high paying jobs representing over $200 million in wages and $75 million in property taxes and revenue sharing with the state. Indian Point produces nearly 60 percent of Con Edison's retail electric sales and about 25 percent of all sales in Westchester County and New York City."