ENJ

Entergy New Orleans, LLC is the regulated electric and natural gas utility that serves the city of New Orleans, Louisiana, and operates as a subsidiary of the larger Entergy Corporation. The ticker ENJ is not a share of company stock, it is a bond, which means it represents money that investors have lent to the utility. This specific bond pays a fixed 5.0% annual interest rate, matures on December 1, 2052, and is a "first mortgage bond," meaning it is backed directly by the utility's power plants, wires and other physical equipment. The company earns its revenue by charging regulated rates to homes and businesses for electricity and gas, a steady business because it is the only provider in its service area.