E
EMP
Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066
$18.30
Current Price
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About Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066
EMP is not company stock. It's a bond issued by Entergy Mississippi, a regulated electric utility that sells power to homes and businesses across Mississippi and is owned by parent company Entergy Corporation. When someone buys EMP, they are lending money to the utility: the bond pays a fixed 4.90% interest rate each year and Entergy Mississippi promises to repay the loan in full on October 1, 2066. The loan is backed by a "first mortgage" on the utility's power plants and equipment, which puts bondholders near the front of the line to get paid back if the company ever ran into trouble.