U-9C-3 1 a17705.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549




FORM U-9C-3


QUARTERLY REPORT PURSUANT TO RULE 58

For the Quarterly Period Ended June 30, 2005


 

 

ENTERGY CORPORATION
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 576-4000
__________________________________________________________________
(Name of registered holding company and address of principal executive offices)

 

ITEM 1 - ORGANIZATION CHART

Name of reporting company *

 

Energy or gas
related company

 


Date of
organization


State of organization

Percentage of voting
securities held



Nature of business

               

Entergy Thermal, LLC (Entergy Thermal)

 

Energy related
business

 

January 28, 1999

Delaware

100%

Production, sale, and distribution of thermal energy products.

               

Entergy Power
RS LLC
(EPRS)

 

Energy related business

 

February 25, 1999

Delaware

100%

Holding company investing in
qualifying facilities.

               

RS Cogen, LLC (RS Cogen)

 

Energy related business

 

March 25, 1999

Louisiana

50%

Ownership and operation of qualifying facilities.

               

TLG Services,
Inc. (TLG)

Energy related business

December 30, 1986

Connecticut

100%

Provide field services for the decommissioning of fossil and nuclear power plants.

               

Entergy Solutions Ltd. (ESLTD)

 

Energy related business

 

August 30, 2000

Texas

100%

Provide competitive energy service and electric sales.

               

** Entergy-Koch Trading, LP (EKTLP)

 

Energy related business

 

January 25, 2001

Delaware

50%

Energy marketing and brokering.

               
EWO GP LLC (EWOGP) Energy related business October 30, 2000

Delaware

100%

 

Holding company investing in energy commodity brokering and related services.
               
EWO Marketing, LP (EWOM)

Energy related business

 

October 30, 2000

Delaware

 

100%

 

Energy marketing and brokering.
               
Entergy Nuclear PFS, Inc. (ENPFS) Energy related business February 15, 2002

Delaware

100%

 

Holding company for investment in Private Fuel Storage, LLC.
               

Private Fuel Storage LLC (Private Fuel Storage)

Energy related business

February 21, 2002

Delaware

 9.9%

Development of a spent nuclear fuel storage facility.

ITEM 1 - ORGANIZATION CHART - Continued

Name of reporting company *

 

Energy or gas
related company

 


Date of
organization


State of organization

Percentage of voting
securities held



Nature of business

               
Entergy Solutions Supply Ltd. (ESSLT)   Energy related business   August 30, 2000

Texas

 

100%

 

Provider of wholesale energy and energy supply acquisition services to Entergy retail electric providers
               
** Entergy Nuclear Environmental Services, LLC
(ENES)
  Energy related business   December 10, 2002 Delaware

100%

 

Formed to provide environmental remediation services for nuclear facilities.
               
SOURCEONE, INC.
(SOURCEONE)
  Energy related business   February 16, 2000 Delaware Non-voting securities only Energy management services and energy commodity marketing services.
               
EnerSea Transport, LLC
(EnerSea)
  Energy related business   March 14, 2001

Texas

 

~ 1%

 

Compressed natural gas marine transportation and storage system.
               

Entergy Solutions District GP, LLC
(ESDGPL)

Energy related business

February 19, 1997

Delaware

100%

General partner of ESDCL.

               
** Entergy Nuclear Services, LLC (ENSL)   Energy related business   June 30, 2004

Delaware

 

100%

 

Formed to provide management and operations services for nuclear reactors and environmental remediation services for nuclear facilities (directly or indirectly through project entities).
               
** Entergy Nuclear Operation Services, LLC
(ENOS)
Energy related business July 2, 2004 Delaware

100%

Formed to provide management and operation services for a nuclear reactor.
               

 

ITEM 1 - ORGANIZATION CHART - Concluded

Name of reporting company *

 

Energy or gas
related company

 


Date of
organization


State of organization

Percentage of voting
securities held



Nature of business

               

Entergy Solutions District Cooling, LP
(ESDCL)

Energy related business

December 19, 1997

Delaware

100%

Management/servicing of thermal energy and related facilities; production, sale, and distribution of thermal energy products.

* The system companies that directly or indirectly hold securities of each reporting company are set forth in Exhibit 1 to Entergy Corporation's Rule 24 Certificate for the three month period ended June 30, 2005, filed in File No. 70-9123.

** Inactive company.

Entergy Thermal Activities

During the quarterly period ended June 30, 2005, Entergy Thermal owned and operated a district cooling and heating system in New Orleans, Louisiana.

EPRS Activities

During the quarterly period ended June 30, 2005, EPRS engaged in the ownership of a 50% interest in RS Cogen.

RS Cogen Activities

During the quarterly period ended June 30, 2005, RS Cogen owned and operated a 425 MW cogeneration facility in Louisiana, constituting a QF under PURPA.

TLG Activities

During the quarterly period ended June 30, 2005, TLG provided cost estimates and field services for the decommissioning of fossil and nuclear plants as well as technical expertise related to environmental testing and remediation.

ESLTD Activities

During the quarterly period ended June 30, 2005, ESLTD was engaged in the sale of power to Texas retail customers.

EKTLP Activities

During the quarterly period ended June 30, 2005, EKTLP was inactive, since its energy marketing and trading business was sold to a third party in the fourth quarter of 2004.

EWOGP Activities

During the quarterly period ended June 30, 2005, EWOGP acted as a holding company for investing in energy commodity brokering and related services.

EWOM Activities

During the quarterly period ended June 30, 2005, EWOM engaged in the business of marketing the power produced by electric generation assets of affiliates and third-party customers as well as fulfilling the electric energy needs of third-party customers under long-term contracts. The third-party customers are principally electric utilities and municipal cooperatives.

Entergy Solutions Select, Ltd. (ESOLS) Activities

During the quarterly period ended June 30, 2005, ESOLS was in its formative stage. ESOLS was formed for the purpose of providing price-to-beat energy service and electric sales. In July 2004, however, the Public Utility Commission of Texas ordered an indefinite delay in retail open access in the service territory in which ESOLS would provide service. On June 30, 2005, Entergy Solutions Select, Ltd. merged with and into ESLTD, with ESLTD as the surviving entity.

ENPFS Activities

During the quarterly period ended June 30, 2005, ENPFS acted as a holding company for Entergy's 10.5% member interest in Private Fuel Storage (including a 9.9% Class A member interest with voting rights).

Private Fuel Storage Activities

During the quarterly period ended June 30, 2005, Private Fuel Storage continued efforts relating to obtaining a Nuclear Regulatory Commission license for a proposed spent nuclear fuel storage facility.

ESSLT Activities

During the quarterly period ended June 30, 2005, ESSLT provided energy supply acquisition services to Entergy retail electric providers.

ENES Activities

During the quarterly period ended June 30, 2005, ENES was inactive.

SOURCEONE Activities

During the quarterly period ended June 30, 2005, SOURCEONE provided energy management services and energy commodity marketing services.

EnerSea Activities

During the quarterly period ended June 30, 2005, EnerSea marketed a compressed natural gas marine transportation and storage system called VOTRANS (Volume-Optimized Transportation System). VOTRANS is an ocean-going gas delivery service system comprised of large diameter pipes contained within insulated structures integrated onto specially designed and constructed ships.

ESDGPL Activities

During the quarterly period ended June 30, 2005, ESDGPL was the general partner of ESDCL.

ENSL Activities

During the quarterly period ended June 30, 2005, ENSL was inactive, since the projects for which it was formed were awarded to other bidders.

ENOS Activities

During the quarterly period ended June 30, 2005, ENOSL was inactive, since the project for which it was formed was awarded to another bidder.

ESDCL Activities

During the quarterly period ended June 30, 2005, ESDCL owned and operated a district cooling system and provided management, operations, and maintenance services for other thermal energy and related systems.

ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS



Company issuing security


Type of security issued


Principal amount of security



Issue or renewal



Cost of
capital

Person to whom security was issued


Collateral given with security


Consideration received for each security

N/A

N/A

-0-

N/A

-0-

N/A

N/A

-0-

 

Company contributing capital

Company receiving capital

Amount of capital contribution

Entergy Retail Holding Company
(ERHC)

ESSLT

$ 4,455,000

     

Entergy Nuclear, Inc

ENPFS

$    250,000

     

ENPFS

Private Fuel Storage

$    125,000

     

Entergy Resources, Inc

Entergy Thermal,

$ 1,500,000

 

   

Entergy Retail Texas (ERTX)

ESSLT

$      45,000

     

ERHC

ESOLS

$      99,000

 

   

Entergy Select, LLC

ESOLS

$       1,000

     

 

 

ITEM 3 - ASSOCIATE TRANSACTIONS

Part I - Transactions Performed by Reporting Companies on Behalf of Associate Companies

Reporting company rendering services

Associate company receiving services


Types of services rendered



Direct costs charged


Indirect costs charged



Cost of capital



Total amount billed

             

EPRS

RS Cogen

Management, administrative, tax, and accounting services

$   69,027 1

$-0-

N/A

$      69,027

             

ESSLT

ESLTD

Energy supply acquisition services

  $ 1,829,127

$ -0-

N/A

$ 1,829,127

 

           
 

Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies

Associate company rendering services

Reporting company receiving services


Types of
services rendered



Direct costs charged


Indirect costs charged



Cost of capital



Total amount billed

             

Entergy Enterprises, Inc.
(EEI)

EWOM

Professional services and back office support

$ 129,918

$ -0-

N/A

$ 129,918

             

EEI

Entergy Thermal

Same as above

$ 161,487

$ -0-

N/A

$ 161,487

             

EEI

ESLTD

Same as above

$ 156,742

$ -0-

N/A

$ 156,742

             

EEI

ESOLS

Same as above

$   38,454

$ -0-

N/A

$   38,454

 

Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies- Concluded

Associate company rendering services

Reporting company receiving services


Types of
services rendered



Direct costs charged


Indirect costs charged



Cost of capital



Total amount billed

             

EEI

TLG

Professional services and back office support

$    243,121

$ -0-

N/A

$    243,121

             

EEI

ESSLT

Same as above

$       (4,106)

$ -0-

N/A

$       (4,106)

             

EEI

ESDCL

Same as above

$    127,998

$ -0-

N/A

$    127,998

             

EEI

EPRS

Same as above

$    132,366

$ -0-

N/A

$    132,366

             

Entergy Solutions Management Services LLC (ESLMS)

ESLTD

Same as above

$ 4,856,545

$ -0-

N/A

$ 4,856,545

             

ESLMS

Entergy Thermal

Same as above

$    206,211

$ -0-

N/A

$    206,211

             

ESLMS

ESDCL

Same as above

$    160,692

$ -0-

N/A

$    160,692

             

ENI

TLG

O&M Services relating to decommissioning of nuclear electric generating facilities

$    153,296

$ -0-

N/A

$    153,296

             

Entergy Nuclear Operations, Inc.
(ENO)

TLG

Same as above

$    288,984

$ -0-

N/A

$    288,984

ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT

     

Investments in energy-related companies:

   

Total consolidated capitalization as of June 30, 2005

$16,885,561,000

Line 1

Total capitalization multiplied by 15% (line 1 multiplied by 0.15)

2,532,834,150

Line 2

Greater of $50 million or line 2

2,532,834,150

Line 3

     

Total current aggregate investment:

   

Energy management services (SOURCEONE)

1,496,083

 

          Energy marketing and brokering (ESLTD, EWOGP, EWOM,
          EKTLP, and ESSLT)

470,373,310

 

          Energy related technical and similar services (Entergy Thermal,
          TLG, ENES, ESDCL, ESDCL, ESDGPL, ENOS, and ENSL)

75,534,527

 

          Ownership, operation, and servicing of fuel procurement,
          transportation, handling, and storage facilities (ENPFS and Private
          Fuel Storage)



1,697,500

 

Total current aggregate investment

549,101,420

Line 4

     

          Difference between the greater of $50 million or 15% of
          capitalization and the total aggregate investment of the registered
          holding company system (line 3 less line 4)



$1,983,732,730



Line 5

ITEM 5 - OTHER INVESTMENTS

Major line of energy-related business

Other investment in last U-9C-3 report

Other investment in this U-9C-3 report

Reason for difference in other investment

       

N/A

-0-

-0-

N/A

&#&#ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS

  1. Financial Statements

Filed under confidential treatment pursuant to Rule 104(b).

B. Exhibits

    1. Certificate of filing of Form U-9C-3 for the 1st Quarter of 2005 with interested state commissions and municipal regulator.

SIGNATURE

Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Entergy Corporation

 

 

By:                 /s/ Nathan E. Langston                         

 

Nathan E. Langston
Senior Vice President and Chief Accounting Officer

   
   

Dated: August 25, 2005