-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ehn3xVCxL7RrWrJ0Woj4oqoHjqiDaM5e0fh6IdxgmOQQXQmqPx63KjYv2toSMYiT e5x6yEYlzJv82oW5iZJHNA== 0000065984-08-000192.txt : 20081209 0000065984-08-000192.hdr.sgml : 20081209 20081209172515 ACCESSION NUMBER: 0000065984-08-000192 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081203 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20081209 DATE AS OF CHANGE: 20081209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Entergy Texas, Inc. CENTRAL INDEX KEY: 0001427437 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 611435798 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53134 FILM NUMBER: 081239244 BUSINESS ADDRESS: STREET 1: 350 PINE STREET CITY: BEAUMONT STATE: TX ZIP: 77701 BUSINESS PHONE: 409-838-6631 MAIL ADDRESS: STREET 1: 350 PINE STREET CITY: BEAUMONT STATE: TX ZIP: 77701 8-K 1 a05208.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date earliest event reported): December 3, 2008

 
Commission File Number Registrant, State of Incorporation, Address of Principal Executive Offices,
Telephone Number, and IRS Employer Identification No.

000-53134
ENTERGY TEXAS, INC.
(a Texas corporation)
350 Pine Street
Beaumont, Texas 77701
Telephone: (409) 838-6631
61-1435798

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 1.01 Entry into a Material Definitive Agreement.

On December 3, 2008, Entergy Texas, Inc., a wholly-owned subsidiary of Entergy Corporation, entered into an Inter-Company Credit Agreement (the "Agreement") with Entergy Corporation. The terms of the Agreement are summarized in Item 2.03 of this Form 8-K and are incorporated herein by this reference.

Item 2.03 Creation of a Direct Financial Obligation.

On December 3, 2008, Entergy Texas, Inc. ("Entergy Texas"), a wholly-owned subsidiary of Entergy Corporation ("Entergy"), entered into an Inter-Company Credit Agreement (the "Agreement") with Entergy. The Agreement provides for a revolving credit facility with a total principal amount available of $300,000,000.  Borrowings under the Agreement may be made as revolving unsecured loans. Loans made under the Agreement will bear interest at a floating rate equal to LIBOR plus 500 basis points as determined no later than the last day of March, June, September and December. Interest is payable on the 15th day of January, April, July and October beginning April 15, 2009. The Agreement expires and loans outstanding under the Agreement mature December 3, 2013 and advances under the Agreement may be used for to pay for capital expenditures, the acquisition of capital assets, to repay debt incurred in connection with the payment of capital expenditures or the acquisit ion of capital assets.

On December 8, 2008, Entergy Texas borrowed $160,000,000 under the Agreement. The initial interest rate of the advance is 9.05% and was used to pay maturing long-term debt.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Entergy Texas, Inc.

 

By: /s/ Theodore H. Bunting, Jr.
Theodore H. Bunting, Jr.
Senior Vice President and
Chief Accounting Officer

Dated: December 9, 2008

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