Commission
File Number
|
Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, and
IRS Employer Identification No.
|
Commission
File Number
|
Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, and
IRS Employer Identification No.
|
1-11299
|
ENTERGY CORPORATION
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 576-4000
72-1229752
|
1-31508
|
ENTERGY MISSISSIPPI, INC.
(a Mississippi corporation)
308 East Pearl Street
Jackson, Mississippi 39201
Telephone (601) 368-5000
64-0205830
|
1-10764
|
ENTERGY ARKANSAS, INC.
(an Arkansas corporation)
425 West Capitol Avenue
Little Rock, Arkansas 72201
Telephone (501) 377-4000
71-0005900
|
0-05807
|
ENTERGY NEW ORLEANS, INC.
(a Louisiana corporation)
1600 Perdido Street
New Orleans, Louisiana 70112
Telephone (504) 670-3700
72-0273040
|
0-20371
|
ENTERGY GULF STATES LOUISIANA, L.L.C.
(a Louisiana limited liability company)
446 North Boulevard
Baton Rouge, Louisiana 70802
Telephone (800) 368-3749
74-0662730
|
1-34360
|
ENTERGY TEXAS, INC.
(a Texas corporation)
350 Pine Street
Beaumont, Texas 77701
Telephone (409) 981-2000
61-1435798
|
1-32718
|
ENTERGY LOUISIANA, LLC
(a Texas limited liability company)
446 North Boulevard
Baton Rouge, Louisiana 70802
Telephone (800) 368-3749
75-3206126
|
1-09067
|
SYSTEM ENERGY RESOURCES, INC.
(an Arkansas corporation)
Echelon One
1340 Echelon Parkway
Jackson, Mississippi 39213
Telephone (601) 368-5000
72-0752777
|
Exhibit No.
|
Description
|
99.1
|
2013 Entergy Statistical Report and Investor Guide
|
ENTERGY STATISTICAL REPORT
|
AND INVESTOR GUIDE
|
2013
|
Our Vision: We Power Life
|
Our Mission: Create Sustainable Value for
All Stakeholders - Owners, Customers, Employees and the Communities in Which We Operate
|
For our owners, we create value by aspiring to provide top-quartile returns
through the relentless pursuit of opportunities to optimize our business
|
For our customers, we create value by providing safe, secure, reliable service
at reasonable cost
|
For our employees, we provide a safe, rewarding, diverse and
inclusive work environment, fair compensation and benefits and opportunities
to advance their careers
|
For our communities, we create value through economic development,
philanthropy, volunteerism and advocacy and by operating our business safely
and in a socially and environmentally responsible way
|
Entergy Corporation, which celebrated its 100th birthday in 2013, is an
integrated energy company engaged primarily in electric power production
and retail distribution operations. Entergy owns and operates power plants
with approximately 30,000 megawatts of electric generating capacity,
including more than 10,000 megawatts of nuclear power, making it one of the
nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million
utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has
annual revenues of more than $11 billion and approximately 14,000 employees.
|
We have assembled the statistics and facts in this report to support your
review and analysis of Entergy’s results over the last five years. This
information is available in two electronic files, Excel and PDF in order to
facilitate easier access and analysis.
|
Entergy Investor Relations
|
TABLE OF CONTENTS
|
Note: The Excel Tab labels correspond to the page numbers
|
|||
in the PDF version of the 2013 Statistical Report.
|
||||
Excel Tab
|
Excel Tab
|
|||
ABOUT THIS PUBLICATION
|
Page 2
|
UTILITY SECURITIES DETAIL
|
Page 31
|
|
FORWARD-LOOKING INFORMATION
|
Page 2
|
Utility Long-Term Debt and Preferred Stock
|
Page 31
|
|
REGULATION G COMPLIANCE
|
Page 2
|
Entergy Arkansas, Inc.
|
Page 31
|
|
ENTERGY AT A GLANCE
|
Pages 3 – 4
|
Entergy Gulf States Louisiana, L.L.C.
|
Page 32
|
|
Entergy Louisiana, LLC
|
Page 33
|
|||
ENTERGY CORPORATION AND SUBSIDIARIES
|
Entergy Mississippi, Inc.
|
Page 34
|
||
Selected Financial and Operating Data
|
Page 5
|
Entergy New Orleans, Inc.
|
Page 34
|
|
Selected Financial Data
|
Page 5
|
Entergy Texas, Inc.
|
Page 35
|
|
Utility Electric Operating Data
|
Page 5
|
System Energy Resources, Inc.
|
Page 35
|
|
Entergy Wholesale Commodities Operating Data
|
Page 5
|
UTILITY STATISTICAL INFORMATION
|
Page 36
|
|
Employees
|
Page 5
|
Utility Total Capability
|
Page 36
|
|
Owned and Leased Capability
|
Page 5
|
Utility Selected Operating Data
|
Page 36
|
|
Consolidated Quarterly Financial Metrics
|
Page 6
|
Utility Consolidating Information
|
Page 37
|
|
Consolidated Annual Financial Metrics
|
Page 6
|
Entergy Arkansas, Inc.
|
Pages 38 – 39
|
|
Consolidated Financial Results
|
Page 7
|
Entergy Gulf States Louisiana, L.L.C.
|
Pages 40 – 41
|
|
Consolidated Quarterly Results
|
Page 7
|
Entergy Louisiana, LLC
|
Pages 42 – 43
|
|
Consolidated Quarterly Special Items
|
Page 8
|
Entergy Mississippi, Inc.
|
Pages 44 – 45
|
|
Consolidated Annual Results
|
Page 9
|
Entergy New Orleans, Inc.
|
Pages 46 – 47
|
|
Consolidated Annual Special Items
|
Page 10
|
System Energy Resources, Inc.
|
Page 47
|
|
Description of Consolidated Special Items
|
Page 11
|
Entergy Texas, Inc.
|
Pages 48 – 49
|
|
Consolidated Statements of Income
|
Page 12
|
Utility Nuclear Plant Statistics
|
Page 50
|
|
Consolidating Income Statement
|
Page 13
|
UTILITY REGULATORY INFORMATION
|
Page 51
|
|
Consolidated Balance Sheets
|
Pages 14 – 15
|
Regulatory Commissions
|
Page 51
|
|
Consolidating Balance Sheet
|
Pages 16 – 17
|
Commission/Council Members
|
Page 51
|
|
Consolidated Statements of Cash Flow
|
Pages 18 – 19
|
Utility Electric and Gas Fuel Recovery Mechanisms
|
Page 52
|
|
Cash Flow Information by Business
|
Page 19
|
|||
Consolidated Statements of Changes in Equity
|
Page 20
|
ENTERGY WHOLESALE COMMODITIES
|
||
and Comprehensive Income
|
EWC Quarterly Financial Metrics
|
Page 53
|
||
Consolidated Statements of Comprehensive
|
Page 21
|
EWC Annual Financial Metrics
|
Page 53
|
|
Income
|
EWC Quarterly Operational Metrics
|
Page 53
|
||
Consolidated Capital Expenditures
|
Page 22
|
EWC Annual Operational Metrics
|
Page 53
|
|
Entergy Corporation Securities Detail
|
Page 22
|
EWC Total Capacity
|
Page 53
|
|
Entergy Corporation Long-Term Debt
|
Page 22
|
EWC Nuclear Plant Statistics
|
Page 54
|
|
Securities Ratings (Outlook)
|
Page 22
|
EWC Non-Nuclear Wholesale Assets
|
Page 54
|
|
Plant Statistics
|
||||
UTILITY
|
EWC Non-Nuclear Wholesale Assets
|
Page 54
|
||
Utility Quarterly Financial Metrics
|
Page 23
|
Plant Emissions
|
||
Utility Annual Financial Metrics
|
Page 23
|
EWC Nuclear Securities Detail
|
Page 55
|
|
Utility Securities Ratings (Outlook)
|
Page 23
|
EWC Non-Nuclear Wholesale Assets
|
Page 55
|
|
Utility Historical Capital Expenditures
|
Page 23
|
Securities Detail
|
||
Utility Planned Capital Expenditures
|
Page 24
|
|||
Utility Financial Results
|
Page 25
|
DEFINITIONS OF OPERATIONAL MEASURES AND
|
||
Utility Consolidating Income Statement
|
Page 25
|
GAAP AND NON-GAAP FINANCIAL MEASURES
|
Page 56
|
|
Utility Consolidating Balance Sheet
|
Pages 26 – 27
|
|||
Utility Selected Annual Financial Metrics
|
Pages 28 – 30
|
REG G RECONCILIATIONS
|
||
Financial Measures
|
Pages 57 – 67
|
|||
INVESTOR INFORMATION
|
Page 68
|
|||
ABOUT THIS PUBLICATION
|
● uncertainty regarding the establishment of interim or permanent
|
This publication is unaudited and should be used in conjunction with Entergy’s
|
sites for spent nuclear fuel and nuclear waste storage and disposal
|
2013 Annual Report to Shareholders and Form 10-K filed with the Securities
|
● variations in weather and the occurrence of hurricanes and other storms
|
and Exchange Commission. It has been prepared for information purposes and
|
and disasters, including uncertainties associated with efforts to remediate
|
is not intended for use in connection with any sale or purchase of, or any offer
|
the effects of hurricanes, ice storms, or other weather events and the recovery
|
to buy, any securities of Entergy Corporation or its subsidiaries.
|
of costs associated with restoration, including accessing funded storm reserves,
|
federal and local cost recovery mechanisms, securitization, and insurance
|
|
FORWARD-LOOKING INFORMATION
|
● effects of climate change
|
In this report and from time to time, Entergy Corporation makes statements concerning
|
● changes in the quality and availability of water supplies and the related
|
its expectations, beliefs, plans, objectives, goals, strategies, and future
|
regulation of water use and diversion
|
events or performance. Such statements are “forward-looking statements”
|
● Entergy’s ability to manage its capital projects and operation
|
within the meaning of the Private Securities Litigation Reform Act of 1995.
|
and maintenance costs
|
Words such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “intend,”
|
● Entergy’s ability to purchase and sell assets at attractive prices
|
“expect,” “estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,”
|
and on other attractive terms
|
and other similar words or expressions are intended to identify forward-looking
|
● the economic climate, and particularly economic conditions in Entergy’s
|
statements but are not the only means to identify these statements. Although Entergy
|
Utility service area and the Northeast United States and events
|
believes that these forward-looking statements and the underlying assumptions are
|
that could influence economic conditions in those areas
|
reasonable, it cannot provide assurance that they will prove correct. Any
|
● the effects of Entergy’s strategies to reduce tax payments
|
forward-looking statement is based on information current as of the date of this
|
● changes in the financial markets, particularly those affecting
|
report and speaks only as of the date on which such statement is made.
|
the availability of capital and Entergy’s ability to refinance existing debt, execute
|
Except to the extent required by the federal securities laws, Entergy undertakes
|
share repurchase programs, and fund investments and acquisitions
|
no obligation to publicly update or revise any forward-looking statements,
|
● actions of rating agencies, including changes in the ratings of
|
whether as a result of new information, future events, or otherwise.
|
debt and preferred stock, changes in general corporate ratings,
|
Forward-looking statements involve a number of risks and uncertainties.
|
and changes in the rating agencies’ ratings criteria
|
There are factors that could cause actual results to differ materially from those
|
● changes in inflation and interest rates
|
expressed or implied in the forward-looking statements, including those
|
● the effect of litigation and government investigations or proceedings
|
factors discussed or incorporated by reference in (a) Item 1A. Risk Factors
|
● changes in technology, including with respect to new, developing, or
|
in the 2013 Form 10-K, (b) Management’s Financial Discussion and Analysis
|
alternative sources of generation
|
in the 2013 Form 10-K, and (c) the following factors (in addition to others
|
● the potential effects of threatened or actual terrorism, cyber attacks or data
|
described elsewhere in this report and in subsequent securities filings):
|
security breaches, including increased security costs, and war or a
|
● resolution of pending and future rate cases and negotiations,
|
catastrophic event such as a nuclear accident or a natural gas pipeline
|
including various performance-based rate discussions,
|
explosion
|
Entergy’s utility supply plan, and recovery of fuel and purchased power costs
|
● Entergy’s ability to attract and retain talented management and directors
|
● the termination of Entergy Arkansas’s participation in the System Agreement,
|
● changes in accounting standards and corporate governance
|
which occurred in December 2013, the termination of Entergy Mississippi's
|
● declines in the market prices of marketable securities and
|
participation in the System Agreement in November 2015, the termination of
|
resulting funding requirements for Entergy’s defined benefit
|
Entergy Texas's, Entergy Gulf States Louisiana's, and Entergy Louisiana's
|
pension and other postretirement benefit plans
|
participation in the System Agreement after expiration of the recently proposed
|
● future wage and employee benefit costs, including changes
|
60-month notice period or such other period as approved by the FERC
|
in discount rates and returns on benefit plan assets
|
● regulatory and operating challenges and uncertainties and economic risks
|
● changes in decommissioning trust fund values or earnings
|
associated with the Utility operating companies’ move to the MISO RTO,
|
or in the timing of or cost to decommission nuclear plant sites
|
which occurred in December 2013, including the effect of RTO rules and system
|
● the implementation of the shutdown of Vermont Yankee by the end of 2014
|
conditions in the MISO markets, the allocation of MISO system transmission upgrade
|
and the related decommissioning of Vermont Yankee
|
costs, and the effect of planning decisions that MISO makes with respect to future
|
● the effectiveness of Entergy’s risk management policies and
|
transmission investments by the Utility operating companies
|
procedures and the ability and willingness of its counterparties
|
● changes in utility regulation, including the beginning or end of retail and wholesale
|
to satisfy their financial and performance commitments
|
competition, the ability to recover net utility assets and other potential stranded
|
● factors that could lead to impairment of long-lived assets
|
costs, and the application of more stringent transmission reliability requirements
|
● the ability to successfully complete merger, acquisition, or
|
or market power criteria by the FERC
|
divestiture plans, regulatory or other limitations imposed as a
|
● changes in regulation of nuclear generating facilities and nuclear materials and fuel,
|
result of merger, acquisition, or divestiture, and the success of
|
including with respect to the planned or potential shutdown of nuclear generating facilities
|
the business following a merger, acquisition, or divestiture
|
owned or operated by the Entergy Wholesale Commodities business, and the effects of
|
|
new or existing safety or environmental concerns regarding nuclear power plants
|
REGULATION G COMPLIANCE
|
and nuclear fuel
|
Financial performance measures shown in this report include those
|
● resolution of pending or future applications, and related regulatory proceedings
|
calculated and presented in accordance with generally accepted
|
and litigation, for license renewals or modifications or other authorizations required
|
accounting principles (GAAP), as well as those that are considered
|
of nuclear generating facilities
|
non-GAAP measures. This report includes non-GAAP measures
|
● the performance of and deliverability of power from Entergy’s generation
|
of operational earnings; operational adjusted EBITDA; operational return
|
resources, including the capacity factors at its nuclear generating facilities
|
on average invested capital; operational return on average common or
|
● Entergy’s ability to develop and execute on a point of view regarding future
|
members’ equity; operational price to earnings ratio; operational common
|
prices of electricity, natural gas, and other energy-related commodities
|
dividend payout ratio; gross liquidity, debt to capital ratio, excluding
|
● prices for power generated by Entergy’s merchant generating
|
securitization debt; net debt to net capital ratio, excluding securitization debt;
|
facilities and the ability to hedge, meet credit support requirements for hedges,
|
net debt to net capital ratio including off-balance sheet liabilities, excluding
|
sell power forward or otherwise reduce the market price risk associated
|
securitization debt; total debt, excluding assumption debt; debt to capital
|
with those facilities, including the Entergy Wholesale Commodities nuclear plants
|
ratio, excluding assumption debt; and net debt to net capital ratio, excluding
|
● the prices and availability of fuel and power Entergy must purchase
|
assumption debt when describing Entergy’s results of operations and financial
|
for its Utility customers, and Entergy’s ability to meet credit support
|
performance. We have prepared reconciliations of these measures to the
|
requirements for fuel and power supply contracts
|
most directly comparable GAAP measures. Reconciliations can be found
|
● volatility and changes in markets for electricity, natural gas,
|
on pages 7, 9, and 57 – 67.
|
uranium, and other energy-related commodities
|
|
● changes in law resulting from federal or state energy legislation or
|
|
legislation subjecting energy derivatives used in hedging and risk
|
|
management transactions to governmental regulation
|
|
● changes in environmental, tax, and other laws, including requirements for
|
|
reduced emissions of sulfur, nitrogen, carbon, greenhouse gases, mercury,
|
|
and other regulated air and water emissions, and changes in costs of
|
|
compliance with environmental and other laws and regulations
|
|
ENTERGY AT A GLANCE
|
||
BUSINESS SEGMENT STRUCTURE
|
Above diagram represents business segment structure and does not necessarily represent legal entity organization structure.
|
||
CORPORATE PROFILE
|
BUSINESS SEGMENTS
|
|
Entergy Corporation is a Fortune 500 integrated energy company
|
Entergy’s five year results in this report are presented in
|
|
engaged primarily in electric power production and retail
|
three business segments:
|
|
distribution operations.
|
||
● Approximately 30,000 MW electric generating capacity
|
● Utility
|
|
● More than 10,000 MW nuclear power
|
● Entergy Wholesale Commodities
|
|
● 2.8 million utility customers
|
● Parent and Other
|
|
● More than $11 billion annual revenues
|
||
● Approximately 14,000 employees
|
In fourth quarter 2012, Entergy included subsidiaries
|
|
● 84 electric generating units operated
|
previously included and reported in the
|
|
Parent & Other segment in the Entergy Wholesale
|
||
Commodities segment to improve the alignment of certain
|
||
intercompany items. The prior period financial information
|
||
in this report has been restated to reflect this change.
|
||
ENTERGY CORPORATION AND SUBSIDIARIES
|
||
BUSINESS SEGMENTS (CONTINUED)
|
||
UTILITY
|
ENTERGY WHOLESALE COMMODITIES
|
|
Entergy’s utility companies generate, transmit, distribute, and sell
|
Entergy’s Wholesale Commodities business owns and operates six nuclear
|
|
electric power, and operate a small natural gas distribution business.
|
units in the northern United States. This business is focused on selling power
|
|
● Six electric utilities with 2.8 million customers
|
produced by those plants to wholesale customers. Entergy’s Wholesale
|
|
● Four states – Arkansas, Louisiana, Mississippi, Texas
|
Commodities business also owns interests in non-nuclear power plants that
|
|
● 22,000 MW generating capacity
|
sell the electric power produced by those plants to wholesale customers.
|
|
● Two gas utilities with 196,000 customers
|
This business also provides services to other nuclear power plant owners.
|
|
● 5,011 MW nuclear-owned generating capacity in six units in northern U.S.
|
||
ENTERGY ARKANSAS, INC. (EAI)
|
● Pilgrim Nuclear Station in Plymouth, Massachusetts
|
|
Entergy Arkansas generates, transmits, distributes, and sells electric
|
● James A. FitzPatrick in Oswego, New York
|
|
power to 700,000 retail customers in portions of Arkansas.
|
● Indian Point Units 2 and 3 in Buchanan, New York
|
|
● Vermont Yankee in Vernon, Vermont
|
||
ENTERGY GULF STATES LOUISIANA, L.L.C. (EGSL)
|
● Palisades Nuclear Energy Plant in Covert, Michigan
|
|
Entergy Gulf States Louisiana generates, transmits, distributes, and
|
● 1,057 net MW non-nuclear generating capacity
|
|
sells electric power to 392,000 retail customers in portions of
|
● 800 MW under management services contract
|
|
Louisiana. Entergy Gulf States Louisiana also provides natural gas
|
● Cooper Nuclear Station located near Brownville, Nebraska
|
|
utility service to 93,000 customers in the Baton Rouge, Louisiana area.
|
● Contracts (ongoing and completed) with other nuclear facility owners to
|
|
provide decommissioning and license renewal services
|
||
ENTERGY LOUISIANA, LLC (ELL)
|
||
Entergy Louisiana generates, transmits, distributes, and sells electric
|
In August 2013, Entergy announced plans to close and decommission
|
|
power to 677,000 retail customers in portions of Louisiana.
|
Vermont Yankee. The plant is expected to cease power production in
|
|
fourth quarter 2014 when its current fuel cycle ends.
|
||
ENTERGY MISSISSIPPI, INC. (EMI)
|
||
Entergy Mississippi generates, transmits, distributes, and sells electric
|
In November 2013, Entergy sold Entergy Solutions District Energy,
|
|
power to 441,000 retail customers in portions of Mississippi.
|
a business wholly-owned by Entergy in the Entergy Wholesale Commodities
|
|
segment that owns and operates district energy assets serving the business
|
||
ENTERGY NEW ORLEANS, INC. (ENOI)
|
districts in Houston and New Orleans. Entergy sold Entergy Solutions District
|
|
Entergy New Orleans generates, transmits, distributes, and sells
|
Energy for $140 million and realized a pre-tax gain of $44 million on the sale.
|
|
electric power to 168,000 retail customers in the city of New Orleans,
|
||
Louisiana. Entergy New Orleans also provides natural gas utility
|
||
service to 103,000 customers in the city of New Orleans.
|
||
ENTERGY TEXAS, INC. (ETI)
|
||
Entergy Texas generates, transmits, distributes, and sells electric power
|
||
to 422,000 retail customers in portions of Texas.
|
||
SYSTEM ENERGY RESOURCES, INC. (SERI)
|
||
System Energy owns or leases 90% of the Grand Gulf 1 nuclear
|
||
generating facility. System Energy sells energy and capacity from
|
||
Grand Gulf 1 at wholesale to Entergy Arkansas (36%), Entergy Louisiana (14%),
|
||
Entergy Mississippi (33%) and Entergy New Orleans (17%).
|
||
UTILITY NUCLEAR PLANTS
|
||
Entergy owns and operates five nuclear units at four plant sites to serve
|
||
its regulated utility business: Arkansas Nuclear One (ANO) Units 1 and 2
|
||
near Russellville, Arkansas; Grand Gulf Nuclear Station in Port Gibson,
|
||
Mississippi; River Bend Station in St. Francisville, Louisiana and
|
||
Waterford 3 in Killona, Louisiana.
|
||
SELECTED FINANCIAL AND OPERATING DATA
|
||||||||||||||||||||
SELECTED FINANCIAL DATA
|
|
|
||||||||||||||||||
(In millions, except percentages, per share amounts, and ratios)
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Operating Revenues
|
$ | 11,391 | $ | 10,302 | $ | 11,229 | $ | 11,488 | $ | 10,746 | ||||||||||
As-Reported Net Income
|
$ | 712 | $ | 847 | $ | 1,346 | $ | 1,250 | $ | 1,231 | ||||||||||
As-Reported Earnings Per Share
|
$ | 3.99 | $ | 4.76 | $ | 7.55 | $ | 6.66 | $ | 6.30 | ||||||||||
Shares of Common Stock Outstanding:
|
||||||||||||||||||||
End of Year
|
178.4 | 177.8 | 176.4 | 178.7 | 189.1 | |||||||||||||||
Weighted Average – Diluted
|
178.6 | 177.7 | 178.4 | 187.8 | 195.8 | |||||||||||||||
Return on Average Invested Capital – As-Reported
|
4.7 | % | 5.5 | % | 8.0 | % | 7.8 | % | 7.7 | % | ||||||||||
Return on Average Common Equity – As-Reported
|
7.6 | % | 9.3 | % | 15.4 | % | 14.6 | % | 14.9 | % | ||||||||||
Net Cash Flow Provided by Operating Activities
|
$ | 3,189 | $ | 2,940 | $ | 3,129 | $ | 3,926 | $ | 2,933 | ||||||||||
Year-End Closing Market Price Per Share of Common Stock
|
$ | 63.27 | $ | 63.75 | $ | 73.05 | $ | 70.83 | $ | 81.84 | ||||||||||
Book Value Per Share at End of Year
|
$ | 54.00 | $ | 51.72 | $ | 50.81 | $ | 47.53 | $ | 45.54 | ||||||||||
Market Value of Equity at End of Year
|
$ | 11,286 | $ | 11,335 | $ | 12,883 | $ | 12,661 | $ | 15,477 | ||||||||||
Price to Earnings Ratio – As-Reported
|
15.87 | 13.39 | 9.68 | 10.64 | 12.99 | |||||||||||||||
Common Dividend Paid Per Share
|
$ | 3.32 | $ | 3.32 | $ | 3.32 | $ | 3.24 | $ | 3.00 | ||||||||||
Common Dividend Payout Ratio – As-Reported
|
83 | % | 70 | % | 44 | % | 49 | % | 48 | % | ||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Operational Earnings
|
$ | 957 | $ | 1,109 | $ | 1,359 | $ | 1,332 | $ | 1,302 | ||||||||||
Operational Earnings Per Share
|
$ | 5.36 | $ | 6.23 | $ | 7.62 | $ | 7.10 | $ | 6.67 | ||||||||||
Special Items Per Share
|
$ | (1.37 | ) | $ | (1.47 | ) | $ | (0.07 | ) | $ | (0.44 | ) | $ | (0.37 | ) | |||||
Return on Average Invested Capital – Operational
|
5.8 | % | 6.6 | % | 8.0 | % | 8.2 | % | 8.1 | % | ||||||||||
Return on Average Common Equity – Operational
|
10.2 | % | 12.2 | % | 15.6 | % | 15.6 | % | 15.7 | % | ||||||||||
Price to Earnings Ratio – Operational
|
11.80 | 10.23 | 9.59 | 9.98 | 12.27 | |||||||||||||||
Common Dividend Payout Ratio – Operational
|
62 | % | 53 | % | 44 | % | 46 | % | 45 | % | ||||||||||
UTILITY ELECTRIC OPERATING DATA
|
||||||||||||||||||||
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
Retail Kilowatt-Hour Sales (millions)
|
107,781 | 107,004 | 108,688 | 107,510 | 99,148 | |||||||||||||||
Peak Demand (megawatts)
|
21,581 | 21,866 | 22,387 | 21,799 | 21,009 | |||||||||||||||
Retail Customers – Year End (thousands)
|
2,800 | 2,778 | 2,757 | 2,743 | 2,719 | |||||||||||||||
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
|
||||||||||||||||||||
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
Operating Revenues (millions)(a)
|
$ | 2,313 | $ | 2,326 | $ | 2,414 | $ | 2,566 | $ | 2,711 | ||||||||||
Billed Electric Energy Sales (gigawatt hours)
|
45,127 | 46,178 | 43,497 | 42,934 | 43,743 | |||||||||||||||
(a) Includes revenue associated with below-market PPA for Palisades of $17,654,839 for 2013, $16,724,963 for 2012, $42,996,197 for 2011, $46,296,187 for 2010, and $52,520,249 for 2009.
|
||||||||||||||||||||
EMPLOYEES
|
||||||||||||||||||||
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
Total Employees – Year End
|
13,808 | 14,625 | 14,682 | 14,958 | 15,181 | |||||||||||||||
OWNED AND LEASED CAPABILITY (MW)(a)
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
As of December 31, 2013
|
||||||||||||||||||||||||||||||||||||
Entergy
|
Entergy | |||||||||||||||||||||||||||||||||||
Entergy
|
Gulf States
|
Entergy
|
Entergy
|
Entergy
|
Entergy
|
System
|
Wholesale |
|
||||||||||||||||||||||||||||
Arkansas
|
Louisiana
|
Louisiana
|
Mississippi
|
New Orleans
|
Texas
|
Energy
|
Commodities(c)(d)
|
Total
|
||||||||||||||||||||||||||||
Gas/Oil
|
1,646 | 1,634 | 4,903 | 3,000 | 781 | 2,283 | - | 796 | 15,043 | |||||||||||||||||||||||||||
Coal
|
1,197 | 367 | - | 420 | - | 271 | - | 181 | 2,436 | |||||||||||||||||||||||||||
Total Fossil
|
2,843 | 2,001 | 4,903 | 3,420 | 781 | 2,554 | - | 977 | 17,479 | |||||||||||||||||||||||||||
Nuclear
|
1,819 | 968 | 1,156 | - | - | - | 1,272 | 5,011 | 10,226 | |||||||||||||||||||||||||||
Other(b)
|
74 | - | - | - | - | - | - | 80 | 154 | |||||||||||||||||||||||||||
Total
|
4,736 | 2,969 | 6,059 | 3,420 | 781 | 2,554 | 1,272 | 6,068 | 27,859 | |||||||||||||||||||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments)
|
||||||||||||||||||||||||||||||||||||
that each station was designed to utilize.
|
||||||||||||||||||||||||||||||||||||
(b) Other includes Hydro (EAI) and Wind (EWC).
|
||||||||||||||||||||||||||||||||||||
(c) Reflects Net MW in Operation. Net MW in Operation is the installed capacity owned and operated. Excludes management services contract for Cooper Nuclear Station.
|
||||||||||||||||||||||||||||||||||||
(d) Reflects nameplate rating of generating unit and excludes capacity under contract.
|
||||||||||||||||||||||||||||||||||||
CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||
CONSOLIDATED QUARTERLY FINANCIAL METRICS
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||
2013
|
2012
|
YTD %
|
||||||||||||||||||||||||||||||||||||||||||
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
CHANGE
|
||||||||||||||||||||||||||
GAAP MEASURES
|
|
|||||||||||||||||||||||||||||||||||||||||||
As-Reported Net Income ($ millions)
|
161.4 | 163.7 | 239.9 | 146.9 | 711.9 | (151.7 | ) | 365.0 | 337.1 | 296.3 | 846.7 | (15.9 | ) | |||||||||||||||||||||||||||||||
Return on Average Invested Capital –
|
||||||||||||||||||||||||||||||||||||||||||||
As-Reported (%)(a)
|
6.9 | 5.9 | 5.5 | 4.7 | 4.7 | 6.0 | 6.2 | 4.8 | 5.5 | 5.5 | (14.5 | ) | ||||||||||||||||||||||||||||||||
Return on Average Common Equity –
|
||||||||||||||||||||||||||||||||||||||||||||
As-Reported (%)(a)
|
12.8 | 10.5 | 9.3 | 7.6 | 7.6 | 10.8 | 11.3 | 7.8 | 9.3 | 9.3 | (18.3 | ) | ||||||||||||||||||||||||||||||||
Cash Flow Interest Coverage (# times)(a)
|
5.9 | 5.8 | 5.9 | 6.2 | 6.2 | 7.5 | 7.2 | 6.8 | 6.1 | 6.1 | 1.6 | |||||||||||||||||||||||||||||||||
Revolver Capacity ($ millions)
|
3,542 | 3,819 | 4,129 | 3,977 | 3,977 | 2,825 | 2,762 | 2,917 | 3,462 | 3,462 | 14.9 | |||||||||||||||||||||||||||||||||
Total Debt ($ millions)
|
13,471 | 13,747 | 13,623 | 13,678 | 13,678 | 12,619 | 12,533 | 12,931 | 13,473 | 13,473 | 1.5 | |||||||||||||||||||||||||||||||||
Debt to Capital Ratio (%)
|
58.7 | 59.0 | 58.4 | 57.9 | 57.9 | 57.9 | 57.4 | 57.7 | 58.7 | 58.7 | (1.4 | ) | ||||||||||||||||||||||||||||||||
Off-Balance Sheet Liabilities ($ millions)
|
595 | 594 | 592 | 542 | 542 | 601 | 600 | 599 | 595 | 595 | (8.9 | ) | ||||||||||||||||||||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||||||||||||||||||||||||||
Operational Earnings ($ millions)
|
167.7 | 179.7 | 430.4 | 179.3 | 957.1 | 79.0 | 374.6 | 347.8 | 307.1 | 1,108.5 | (13.7 | ) | ||||||||||||||||||||||||||||||||
Return on Average Invested Capital –
|
||||||||||||||||||||||||||||||||||||||||||||
Operational (%)(a)
|
7.0 | 6.1 | 6.4 | 5.8 | 5.8 | 7.2 | 7.4 | 6.0 | 6.6 | 6.6 | (12.1 | ) | ||||||||||||||||||||||||||||||||
Return on Average Common Equity –
|
||||||||||||||||||||||||||||||||||||||||||||
Operational (%)(a)
|
13.2 | 10.9 | 11.7 | 10.2 | 10.2 | 13.6 | 14.2 | 10.7 | 12.2 | 12.2 | (16.4 | ) | ||||||||||||||||||||||||||||||||
Total Gross Liquidity ($ millions)
|
3,805 | 4,130 | 4,494 | 4,716 | 4,716 | 3,510 | 3,045 | 3,667 | 3,995 | 3,995 | 18.0 | |||||||||||||||||||||||||||||||||
Debt to Capital Ratio,
Excluding Securitization Debt (%)
|
56.9 | 57.3 | 56.7 | 56.3 | 56.3 | 55.7 | 55.3 | 55.7 | 56.9 | 56.9 | (1.1 | ) | ||||||||||||||||||||||||||||||||
Net Debt to Net Capital Ratio,
Excluding Securitization Debt (%)
|
56.3 | 56.7 | 56.0 | 54.8 | 54.8 | 54.2 | 54.7 | 54.1 | 55.8 | 55.8 | (1.8 | ) | ||||||||||||||||||||||||||||||||
Net Debt to Net Capital Ratio Including
|
||||||||||||||||||||||||||||||||||||||||||||
Off-Balance Sheet Liabilities,
Excluding Securitization Debt (%)
|
57.5 | 57.8 | 57.2 | 55.9 | 55.9 | 55.5 | 56.0 | 55.4 | 57.0 | 57.0 | (1.9 | ) | ||||||||||||||||||||||||||||||||
(a) Rolling twelve months. Totals may not foot due to rounding.
|
CONSOLIDATED ANNUAL FINANCIAL METRICS
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
As-Reported Net Income ($ millions)
|
712 | 847 | 1,346 | 1,250 | 1,231 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
4.7 | 5.5 | 8.0 | 7.8 | 7.7 | |||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
7.6 | 9.3 | 15.4 | 14.6 | 14.9 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
6.2 | 6.1 | 7.1 | 7.8 | 6.1 | |||||||||||||||
Revolver Capacity ($ millions)
|
3,977 | 3,462 | 2,001 | 2,354 | 1,464 | |||||||||||||||
Total Debt ($ millions)
|
13,678 | 13,473 | 12,387 | 11,816 | 12,014 | |||||||||||||||
Debt to Capital Ratio (%)
|
57.9 | 58.7 | 57.3 | 57.3 | 57.4 | |||||||||||||||
Off-Balance Sheet Liabilities ($ millions)
|
||||||||||||||||||||
Debt of Joint Ventures – Entergy’s Share
|
86 | 90 | 94 | 107 | 116 | |||||||||||||||
Leases – Entergy’s Share
|
456 | 505 | 508 | 546 | 530 | |||||||||||||||
Total
|
542 | 595 | 602 | 653 | 646 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Operational Earnings ($ millions)
|
957 | 1,109 | 1,359 | 1,332 | 1,302 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
5.8 | 6.6 | 8.0 | 8.2 | 8.1 | |||||||||||||||
Return on Average Common Equity – Operational (%)
|
10.2 | 12.2 | 15.6 | 15.6 | 15.7 | |||||||||||||||
Total Gross Liquidity ($ millions)
|
4,716 | 3,995 | 2,695 | 3,648 | 3,174 | |||||||||||||||
Debt to Capital Ratio,
Excluding Securitization Debt (%)
|
56.3 | 56.9 | 55.0 | 55.3 | 55.6 | |||||||||||||||
Net Debt to Net Capital Ratio, Excluding Securitization Debt (%)
|
54.8 | 55.8 | 53.5 | 52.1 | 51.5 | |||||||||||||||
Net Debt to Net Capital Ratio Including Off-Balance Sheet
|
||||||||||||||||||||
Liabilities, Excluding Securitization Debt (%)
|
55.9 | 57.0 | 54.8 | 53.8 | 53.1 | |||||||||||||||
Totals may not foot due to rounding.
|
FINANCIAL RESULTS
|
||||||||||||||||||||||||||||||||||||||||||||
ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
|
||||||||||||||||||||||||||||||||||||||||||||
2013
|
2012
|
YTD
|
||||||||||||||||||||||||||||||||||||||||||
($/share)
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
CHANGE
|
|||||||||||||||||||||||||
AS-REPORTED
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||
Utility
|
0.69 | 1.10 | 1.95 | 0.90 | 4.64 | 0.35 | 1.72 | 1.66 | 1.57 | 5.30 | (0.66 | ) | ||||||||||||||||||||||||||||||||
Entergy Wholesale Commodities
|
0.46 | 0.06 | (0.52 | ) | 0.24 | 0.24 | (0.99 | ) | 0.40 | 0.49 | 0.33 | 0.23 | 0.01 | |||||||||||||||||||||||||||||||
Parent & Other
|
(0.25 | ) | (0.24 | ) | (0.09 | ) | (0.32 | ) | (0.89 | ) | (0.22 | ) | (0.06 | ) | (0.26 | ) | (0.24 | ) | (0.77 | ) | (0.12 | ) | ||||||||||||||||||||||
CONSOLIDATED AS-REPORTED EARNINGS
|
0.90 | 0.92 | 1.34 | 0.82 | 3.99 | (0.86 | ) | 2.06 | 1.89 | 1.66 | 4.76 | (0.77 | ) | |||||||||||||||||||||||||||||||
LESS SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
Utility
|
(0.04 | ) | (0.08 | ) | (0.09 | ) | 0.04 | (0.16 | ) | (0.03 | ) | (0.05 | ) | (0.06 | ) | (0.06 | ) | (0.21 | ) | 0.05 | ||||||||||||||||||||||||
Entergy Wholesale Commodities
|
- | (0.01 | ) | (0.98 | ) | (0.24 | ) | (1.23 | ) | (1.26 | ) | - | - | - | (1.26 | ) | 0.03 | |||||||||||||||||||||||||||
Parent & Other
|
- | - | - | 0.02 | 0.02 | (0.01 | ) | - | - | - | - | 0.02 | ||||||||||||||||||||||||||||||||
TOTAL SPECIAL ITEMS
|
(0.04 | ) | (0.09 | ) | (1.07 | ) | (0.18 | ) | (1.37 | ) | (1.30 | ) | (0.05 | ) | (0.06 | ) | (0.06 | ) | (1.47 | ) | 0.10 | |||||||||||||||||||||||
OPERATIONAL
|
||||||||||||||||||||||||||||||||||||||||||||
Utility
|
0.73 | 1.18 | 2.04 | 0.86 | 4.80 | 0.38 | 1.77 | 1.72 | 1.63 | 5.51 | (0.71 | ) | ||||||||||||||||||||||||||||||||
Entergy Wholesale Commodities
|
0.46 | 0.07 | 0.46 | 0.48 | 1.47 | 0.27 | 0.40 | 0.49 | 0.33 | 1.49 | (0.02 | ) | ||||||||||||||||||||||||||||||||
Parent & Other
|
(0.25 | ) | (0.24 | ) | (0.09 | ) | (0.34 | ) | (0.91 | ) | (0.21 | ) | (0.06 | ) | (0.26 | ) | (0.24 | ) | (0.77 | ) | (0.14 | ) | ||||||||||||||||||||||
CONSOLIDATED OPERATIONAL EARNINGS
|
0.94 | 1.01 | 2.41 | 1.00 | 5.36 | 0.44 | 2.11 | 1.95 | 1.72 | 6.23 | (0.87 | ) | ||||||||||||||||||||||||||||||||
Weather Impact
|
(0.10 | ) | (0.02 | ) | 0.01 | 0.11 | - | (0.18 | ) | 0.08 | 0.08 | (0.07 | ) | (0.09 | ) | 0.09 | ||||||||||||||||||||||||||||
SHARES OF COMMON STOCK
|
||||||||||||||||||||||||||||||||||||||||||||
OUTSTANDING (in millions)
|
||||||||||||||||||||||||||||||||||||||||||||
End of Period
|
178.1 | 178.2 | 178.3 | 178.4 | 178.4 | 177.2 | 177.2 | 177.7 | 177.8 | 177.8 | 0.6 | |||||||||||||||||||||||||||||||||
Weighted Average - Diluted
|
178.4 | 178.6 | 178.7 | 178.8 | 178.6 | 177.4 | 177.6 | 178.0 | 178.0 | 177.7 | 0.9 | |||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||||||||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||||||||||||||||||||||||||
ENTERGY CORPORATION CONSOLIDATED QUARTERLY SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)
|
||||||||||||||||||||||||||||||||||||||||||||
|
2013
|
2012
|
YTD
|
|||||||||||||||||||||||||||||||||||||||||
($/share)
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
CHANGE
|
|||||||||||||||||||||||||
UTILITY
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
Transmission business spin-merge expenses
|
(0.04 | ) | (0.07 | ) | (0.06 | ) | 0.11 | (0.05 | ) | (0.03 | ) | (0.05 | ) | (0.06 | ) | (0.06 | ) | (0.21 | ) | 0.16 | ||||||||||||||||||||||||
HCM implementation expenses
|
- | (0.01 | ) | (0.03 | ) | (0.07 | ) | (0.11 | ) | - | - | - | - | - | (0.11 | ) | ||||||||||||||||||||||||||||
Total
|
(0.04 | ) | (0.08 | ) | (0.09 | ) | 0.04 | (0.16 | ) | (0.03 | ) | (0.05 | ) | (0.06 | ) | (0.06 | ) | (0.21 | ) | 0.05 | ||||||||||||||||||||||||
ENTERGY WHOLESALE COMMODITIES
|
||||||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
VY asset impairments/related charges
|
- | - | (0.97 | ) | (0.18 | ) | (1.15 | ) | (1.26 | ) | - | - | - | (1.26 | ) | 0.11 | ||||||||||||||||||||||||||||
HCM implementation expenses
|
- | (0.01 | ) | (0.01 | ) | (0.06 | ) | (0.08 | ) | - | - | - | - | - | (0.08 | ) | ||||||||||||||||||||||||||||
Total
|
- | (0.01 | ) | (0.98 | ) | (0.24 | ) | (1.23 | ) | (1.26 | ) | - | - | - | (1.26 | ) | 0.03 | |||||||||||||||||||||||||||
PARENT & OTHER
|
||||||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
Transmission business spin-merge expenses
|
- | - | - | 0.03 | 0.03 | (0.01 | ) | - | - | - | - | 0.03 | ||||||||||||||||||||||||||||||||
HCM implementation expenses
|
- | - | - | (0.01 | ) | (0.01 | ) | - | - | - | - | - | (0.01 | ) | ||||||||||||||||||||||||||||||
Total
|
- | - | - | 0.02 | 0.02 | (0.01 | ) | - | - | - | - | 0.02 | ||||||||||||||||||||||||||||||||
TOTAL SPECIAL ITEMS
|
(0.04 | ) | (0.09 | ) | (1.07 | ) | (0.18 | ) | (1.37 | ) | (1.30 | ) | (0.05 | ) | (0.06 | ) | (0.06 | ) | (1.47 | ) | 0.10 | |||||||||||||||||||||||
|
2013 | 2012 |
YTD
|
|||||||||||||||||||||||||||||||||||||||||
($ millions)
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
CHANGE
|
|||||||||||||||||||||||||
UTILITY
|
||||||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
Transmission business spin-merge expenses
|
(6.3 | ) | (12.2 | ) | (10.1 | ) | 20.0 | (8.7 | ) | (5.8 | ) | (9.9 | ) | (10.7 | ) | (10.7 | ) | (37.1 | ) | 28.4 | ||||||||||||||||||||||||
HCM implementation expenses
|
- | (2.7 | ) | (5.2 | ) | (12.5 | ) | (20.3 | ) | - | - | - | - | - | (20.3 | ) | ||||||||||||||||||||||||||||
Total
|
(6.3 | ) | (14.9 | ) | (15.3 | ) | 7.5 | (29.0 | ) | (5.8 | ) | (9.9 | ) | (10.7 | ) | (10.7 | ) | (37.1 | ) | 8.1 | ||||||||||||||||||||||||
ENTERGY WHOLESALE COMMODITIES
|
||||||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
VY asset impairments/related charges
|
- | - | (173.1 | ) | (31.8 | ) | (204.8 | ) | (223.5 | ) | - | - | - | (223.5 | ) | 18.7 | ||||||||||||||||||||||||||||
HCM implementation expenses
|
- | (1.1 | ) | (2.1 | ) | (11.8 | ) | (15.0 | ) | - | - | - | - | - | (15.0 | ) | ||||||||||||||||||||||||||||
Total
|
- | (1.1 | ) | (175.2 | ) | (43.6 | ) | (219.8 | ) | (223.5 | ) | - | - | - | (223.5 | ) | 3.7 | |||||||||||||||||||||||||||
PARENT & OTHER
|
||||||||||||||||||||||||||||||||||||||||||||
SPECIAL ITEMS
|
||||||||||||||||||||||||||||||||||||||||||||
Transmission business spin-merge expenses
|
- | - | - | 5.5 | 5.5 | (1.4 | ) | 0.3 | - | - | (1.0 | ) | 6.5 | |||||||||||||||||||||||||||||||
HCM implementation expenses
|
- | - | - | (1.8 | ) | (1.9 | ) | - | - | - | - | - | (1.9 | ) | ||||||||||||||||||||||||||||||
Total
|
- | - | - | 3.7 | 3.6 | (1.4 | ) | 0.3 | - | - | (1.0 | ) | 4.6 | |||||||||||||||||||||||||||||||
TOTAL SPECIAL ITEMS
|
(6.3 | ) | (16.0 | ) | (190.5 | ) | (32.4 | ) | (245.2 | ) | (230.7 | ) | (9.6 | ) | (10.7 | ) | (10.7 | ) | (261.6 | ) | 16.4 | |||||||||||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||||||||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||
ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
|
||||||||||||||||||||
($/share)
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
AS-REPORTED
|
||||||||||||||||||||
Utility
|
4.64 | 5.30 | 6.20 | 4.33 | 3.53 | |||||||||||||||
Entergy Wholesale Commodities
|
0.24 | 0.23 | 2.74 | 2.38 | 3.10 | |||||||||||||||
Parent & Other
|
(0.89 | ) | (0.77 | ) | (1.39 | ) | (0.05 | ) | (0.33 | ) | ||||||||||
CONSOLIDATED AS-REPORTED EARNINGS
|
3.99 | 4.76 | 7.55 | 6.66 | 6.30 | |||||||||||||||
LESS SPECIAL ITEMS
|
||||||||||||||||||||
Utility
|
(0.16 | ) | (0.21 | ) | - | - | - | |||||||||||||
Entergy Wholesale Commodities
|
(1.23 | ) | (1.26 | ) | - | (0.54 | ) | (0.23 | ) | |||||||||||
Parent & Other
|
0.02 | - | (0.07 | ) | 0.10 | (0.14 | ) | |||||||||||||
TOTAL SPECIAL ITEMS
|
(1.37 | ) | (1.47 | ) | (0.07 | ) | (0.44 | ) | (0.37 | ) | ||||||||||
OPERATIONAL
|
||||||||||||||||||||
Utility
|
4.80 | 5.51 | 6.20 | 4.33 | 3.53 | |||||||||||||||
Entergy Wholesale Commodities
|
1.47 | 1.49 | 2.74 | 2.92 | 3.33 | |||||||||||||||
Parent & Other
|
(0.91 | ) | (0.77 | ) | (1.32 | ) | (0.15 | ) | (0.19 | ) | ||||||||||
CONSOLIDATED OPERATIONAL EARNINGS
|
5.36 | 6.23 | 7.62 | 7.10 | 6.67 | |||||||||||||||
Weather Impact
|
- | (0.09 | ) | 0.52 | 0.62 | (0.01 | ) | |||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||
ENTERGY CORPORATION CONSOLIDATED ANNUAL SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)
|
||||||||||||||||||||
($/share)
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
UTILITY SPECIAL ITEMS
|
||||||||||||||||||||
Transmission business spin-merge expenses
|
(0.05 | ) | (0.21 | ) | - | - | - | |||||||||||||
HCM implementation expenses
|
(0.11 | ) | - | - | - | - | ||||||||||||||
Total
|
(0.16 | ) | (0.21 | ) | - | - | - | |||||||||||||
ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
|
||||||||||||||||||||
VY asset impairments/related charges
|
(1.15 | ) | (1.26 | ) | - | - | - | |||||||||||||
HCM implementation expenses
|
(0.08 | ) | - | - | - | - | ||||||||||||||
Non-utility nuclear spin-off expenses
|
- | - | - | (0.54 | ) | (0.23 | ) | |||||||||||||
Total
|
(1.23 | ) | (1.26 | ) | - | (0.54 | ) | (0.23 | ) | |||||||||||
PARENT & OTHER SPECIAL ITEMS
|
||||||||||||||||||||
Transmission business spin-merge expenses
|
0.03 | - | (0.07 | ) | - | - | ||||||||||||||
HCM implementation expenses
|
(0.01 | ) | - | - | - | - | ||||||||||||||
Non-utility nuclear spin-off expenses
|
- | - | - | 0.10 | (0.14 | ) | ||||||||||||||
Total
|
0.02 | - | (0.07 | ) | 0.10 | (0.14 | ) | |||||||||||||
TOTAL SPECIAL ITEMS
|
(1.37 | ) | (1.47 | ) | (0.07 | ) | (0.44 | ) | (0.37 | ) | ||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
UTILITY SPECIAL ITEMS
|
||||||||||||||||||||
Transmission business spin-merge expenses
|
(8.7 | ) | (37.1 | ) | - | - | - | |||||||||||||
HCM implementation expenses
|
(20.3 | ) | - | - | - | - | ||||||||||||||
Total
|
(29.0 | ) | (37.1 | ) | - | - | - | |||||||||||||
ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
|
||||||||||||||||||||
VY asset impairments/related charges
|
(204.8 | ) | (223.5 | ) | - | - | - | |||||||||||||
HCM implementation expenses
|
(15.0 | ) | - | - | - | - | ||||||||||||||
Non-utility nuclear spin-off expenses
|
- | - | - | (100.7 | ) | (44.0 | ) | |||||||||||||
Total
|
(219.8 | ) | (223.5 | ) | - | (100.7 | ) | (44.0 | ) | |||||||||||
PARENT & OTHER SPECIAL ITEMS
|
||||||||||||||||||||
Transmission business spin-merge expenses
|
5.5 | (1.0 | ) | (13.0 | ) | - | - | |||||||||||||
HCM implementation expenses
|
(1.9 | ) | - | - | - | - | ||||||||||||||
Non-utility nuclear spin-off expenses
|
- | - | - | 18.5 | (27.0 | ) | ||||||||||||||
Total
|
3.6 | (1.0 | ) | (13.0 | ) | 18.5 | (27.0 | ) | ||||||||||||
TOTAL SPECIAL ITEMS
|
(245.2 | ) | (261.6 | ) | (13.0 | ) | (82.2 | ) | (71.0 | ) | ||||||||||
FINANCIAL RESULTS
|
|
DESCRIPTION OF ENTERGY CORPORATION CONSOLIDATED SPECIAL ITEMS
|
|
MAIN EARNINGS CATEGORY
|
|
UTILITY SPECIAL ITEMS
|
|
Transmission business spin-merge expenses
|
Operating expenses: Other operation and maintenance
Income taxes
|
HCM implementation expenses
|
Operating expenses: Other operation and maintenance
|
ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
|
|
VY asset impairments/related charges
|
Operating expenses: Other operation and maintenance
Income taxes
|
HCM implementation expenses
|
Operating expenses: Other operation and maintenance
|
Non-utility nuclear spin-off expenses
|
Operating expenses: Other operation and maintenance
Operating expenses: Taxes other than income taxes
Operating expenses: Depreciation
Interest and Other Charges: Other interest
|
PARENT & OTHER SPECIAL ITEMS
|
|
Transmission business spin-merge expenses
|
Operating expenses: Other operation and maintenance
Income taxes
|
HCM implementation expenses
|
Operating expenses: Other operation and maintenance
|
Non-utility nuclear spin-off expenses
|
Operating expenses: Other operation and maintenance
Income taxes
|
FINANCIAL RESULTS
|
||||||||||||||||||||
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
|
||||||||||||||||||||
In thousands, except share data, for the years ended December 31,
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
OPERATING REVENUES:
|
||||||||||||||||||||
Electric
|
$ | 8,942,360 | $ | 7,870,649 | $ | 8,673,517 | $ | 8,740,637 | $ | 7,880,016 | ||||||||||
Natural gas
|
154,353 | 130,836 | 165,819 | 197,658 | 172,213 | |||||||||||||||
Competitive businesses
|
2,294,234 | 2,300,594 | 2,389,737 | 2,549,282 | 2,693,421 | |||||||||||||||
Total
|
11,390,947 | 10,302,079 | 11,229,073 | 11,487,577 | 10,745,650 | |||||||||||||||
OPERATING EXPENSES:
|
||||||||||||||||||||
Operating and maintenance:
|
||||||||||||||||||||
Fuel, fuel-related expenses, and gas purchased for resale
|
2,445,818 | 2,036,835 | 2,492,714 | 2,518,582 | 2,309,831 | |||||||||||||||
Purchased power
|
1,554,332 | 1,255,800 | 1,564,967 | 1,659,416 | 1,395,203 | |||||||||||||||
Nuclear refueling outage expenses
|
256,801 | 245,600 | 255,618 | 256,123 | 241,310 | |||||||||||||||
Asset impairments and related charges
|
341,537 | 355,524 | - | - | - | |||||||||||||||
Other operation and maintenance
|
3,331,934 | 3,045,392 | 2,867,758 | 2,969,402 | 2,750,810 | |||||||||||||||
Decommissioning
|
242,104 | 184,760 | 190,595 | 211,736 | 199,063 | |||||||||||||||
Taxes other than income taxes
|
600,350 | 557,298 | 536,026 | 534,299 | 503,859 | |||||||||||||||
Depreciation and amortization
|
1,261,044 | 1,144,585 | 1,102,202 | 1,069,894 | 1,082,775 | |||||||||||||||
Other regulatory charges (credits) – net
|
45,597 | 175,104 | 205,959 | 44,921 | (21,727 | ) | ||||||||||||||
Total
|
10,079,517 | 9,000,898 | 9,215,839 | 9,264,373 | 8,461,124 | |||||||||||||||
Gain on sale of business
|
43,569 | - | - | 44,173 | - | |||||||||||||||
OPERATING INCOME
|
1,354,999 | 1,301,181 | 2,013,234 | 2,267,377 | 2,284,526 | |||||||||||||||
OTHER INCOME (DEDUCTIONS):
|
||||||||||||||||||||
Allowance for equity funds used during construction
|
66,053 | 92,759 | 84,305 | 59,381 | 59,545 | |||||||||||||||
Interest and investment income
|
199,300 | 127,776 | 128,994 | 184,077 | 236,628 | |||||||||||||||
Other than temporary impairment losses
|
- | - | - | - | (86,069 | ) | ||||||||||||||
Miscellaneous – net
|
(59,762 | ) | (53,214 | ) | (59,271 | ) | (48,124 | ) | (40,396 | ) | ||||||||||
Total
|
205,591 | 167,321 | 154,028 | 195,334 | 169,708 | |||||||||||||||
INTEREST EXPENSE:
|
||||||||||||||||||||
Interest expense
|
629,537 | 606,596 | 551,521 | 610,146 | 603,679 | |||||||||||||||
Allowance for borrowed funds used during construction
|
(25,500 | ) | (37,312 | ) | (37,894 | ) | (34,979 | ) | (33,235 | ) | ||||||||||
Total
|
604,037 | 569,284 | 513,627 | 575,167 | 570,444 | |||||||||||||||
INCOME BEFORE INCOME TAXES
|
956,553 | 899,218 | 1,653,635 | 1,887,544 | 1,883,790 | |||||||||||||||
Income taxes
|
225,981 | 30,855 | 286,263 | 617,239 | 632,740 | |||||||||||||||
CONSOLIDATED NET INCOME
|
730,572 | 868,363 | 1,367,372 | 1,270,305 | 1,251,050 | |||||||||||||||
Preferred dividend requirements of subsidiaries
|
18,670 | 21,690 | 20,933 | 20,063 | 19,958 | |||||||||||||||
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
|
$ | 711,902 | $ | 846,673 | $ | 1,346,439 | $ | 1,250,242 | $ | 1,231,092 | ||||||||||
Basic earnings per average common share
|
$ | 3.99 | $ | 4.77 | $ | 7.59 | $ | 6.72 | $ | 6.39 | ||||||||||
Diluted earnings per average common share
|
$ | 3.99 | $ | 4.76 | $ | 7.55 | $ | 6.66 | $ | 6.30 | ||||||||||
Average number of common shares outstanding:
|
||||||||||||||||||||
Basic
|
178,211,192 | 177,324,813 | 177,430,208 | 186,010,452 | 192,772,032 | |||||||||||||||
Diluted
|
178,570,400 | 177,737,565 | 178,370,695 | 187,814,235 | 195,838,068 | |||||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||
2013 CONSOLIDATING INCOME STATEMENT (unaudited)
|
||||||||||||||||
ENTERGY
|
||||||||||||||||
WHOLESALE
|
PARENT & | |||||||||||||||
In thousands, except share data, for the year ended December 31, 2013.
|
UTILITY
|
COMMODITIES
|
OTHER
|
CONSOLIDATED
|
||||||||||||
OPERATING REVENUES:
|
|
|
|
|
||||||||||||
Electric
|
$ | 8,947,433 | $ | - | $ | (5,073 | ) | $ | 8,942,360 | |||||||
Natural gas
|
154,353 | - | - | 154,353 | ||||||||||||
Competitive businesses
|
- | 2,312,758 | (18,524 | ) | 2,294,234 | |||||||||||
Total
|
9,101,786 | 2,312,758 | (23,597 | ) | 11,390,947 | |||||||||||
OPERATING EXPENSES:
|
||||||||||||||||
Operating and maintenance:
|
||||||||||||||||
Fuel, fuel-related expenses, and gas purchased for resale
|
2,036,749 | 411,233 | (2,164 | ) | 2,445,818 | |||||||||||
Purchased power
|
1,495,643 | 99,460 | (40,771 | ) | 1,554,332 | |||||||||||
Nuclear refueling outage expenses
|
124,960 | 131,841 | - | 256,801 | ||||||||||||
Asset impairments and related charges
|
9,411 | 329,336 | 2,790 | 341,537 | ||||||||||||
Other operation and maintenance
|
2,263,894 | 1,048,061 | 19,979 | 3,331,934 | ||||||||||||
Decommissioning
|
116,812 | 125,292 | - | 242,104 | ||||||||||||
Taxes other than income taxes
|
469,969 | 129,020 | 1,361 | 600,350 | ||||||||||||
Depreciation and amortization
|
1,041,031 | 215,871 | 4,142 | 1,261,044 | ||||||||||||
Other regulatory charges (credits) - net
|
45,597 | - | - | 45,597 | ||||||||||||
Total
|
7,604,066 | 2,490,114 | (14,663 | ) | 10,079,517 | |||||||||||
Gain on sale of business
|
- | 43,569 | - | 43,569 | ||||||||||||
OPERATING INCOME
|
1,497,720 | (133,787 | ) | (8,934 | ) | 1,354,999 | ||||||||||
OTHER INCOME (DEDUCTIONS):
|
||||||||||||||||
Allowance for equity funds used during construction
|
66,053 | - | - | 66,053 | ||||||||||||
Interest and investment income
|
186,724 | 137,727 | (125,151 | ) | 199,300 | |||||||||||
Miscellaneous – net
|
(29,192 | ) | (22,112 | ) | (8,458 | ) | (59,762 | ) | ||||||||
Total
|
223,585 | 115,615 | (133,609 | ) | 205,591 | |||||||||||
INTEREST EXPENSE:
|
||||||||||||||||
Interest expense
|
534,673 | 16,323 | 78,541 | 629,537 | ||||||||||||
Allowance for borrowed funds used during construction
|
(25,500 | ) | - | - | (25,500 | ) | ||||||||||
Total
|
509,173 | 16,323 | 78,541 | 604,037 | ||||||||||||
INCOME BEFORE INCOME TAXES
|
1,212,132 | (34,495 | ) | (221,084 | ) | 956,553 | ||||||||||
Income taxes
|
365,917 | (77,471 | ) | (62,465 | ) | 225,981 | ||||||||||
CONSOLIDATED NET INCOME
|
846,215 | 42,976 | (158,619 | ) | 730,572 | |||||||||||
Preferred dividend requirements of subsidiaries
|
17,329 | 91 | 1,250 | 18,670 | ||||||||||||
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
|
$ | 828,886 | $ | 42,885 | $ | (159,869 | ) | $ | 711,902 | |||||||
Basic earnings per average common share
|
$ | 4.65 | $ | 0.24 | $ | (0.90 | ) | $ | 3.99 | |||||||
Diluted earnings per average common share
|
$ | 4.64 | $ | 0.24 | $ | (0.89 | ) | $ | 3.99 | |||||||
Totals may not foot due to rounding.
|
FINANCIAL RESULTS
|
||||||||||||||||||||
CONSOLIDATED BALANCE SHEETS (unaudited)
|
||||||||||||||||||||
In thousands, as of December 31,
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
ASSETS
|
||||||||||||||||||||
CURRENT ASSETS:
|
||||||||||||||||||||
Cash and cash equivalents:
|
||||||||||||||||||||
Cash
|
$ | 129,979 | $ | 112,992 | $ | 81,468 | $ | 76,290 | $ | 85,861 | ||||||||||
Temporary cash investments
|
609,147 | 419,577 | 612,970 | 1,218,182 | 1,623,690 | |||||||||||||||
Total cash and cash equivalents
|
739,126 | 532,569 | 694,438 | 1,294,472 | 1,709,551 | |||||||||||||||
Securitization recovery trust account
|
45,885 | 46,040 | 50,304 | 43,044 | 13,098 | |||||||||||||||
Accounts receivable:
|
||||||||||||||||||||
Customer
|
670,641 | 568,871 | 568,558 | 602,796 | 553,692 | |||||||||||||||
Allowance for doubtful accounts
|
(34,311 | ) | (31,956 | ) | (31,159 | ) | (31,777 | ) | (27,631 | ) | ||||||||||
Other
|
195,028 | 161,408 | 166,186 | 161,662 | 152,303 | |||||||||||||||
Accrued unbilled revenues
|
340,828 | 303,392 | 298,283 | 302,901 | 302,463 | |||||||||||||||
Total accounts receivable
|
1,172,186 | 1,001,715 | 1,001,868 | 1,035,582 | 980,827 | |||||||||||||||
Deferred fuel costs
|
116,379 | 150,363 | 209,776 | 64,659 | 126,798 | |||||||||||||||
Accumulated deferred income taxes
|
175,073 | 306,902 | 9,856 | 8,472 | - | |||||||||||||||
Fuel inventory – at average cost
|
208,958 | 213,831 | 202,132 | 207,520 | 196,855 | |||||||||||||||
Materials and supplies – at average cost
|
915,006 | 928,530 | 894,756 | 866,908 | 825,702 | |||||||||||||||
Deferred nuclear refueling outage costs
|
192,474 | 243,374 | 231,031 | 218,423 | 225,290 | |||||||||||||||
System agreement cost equalization
|
61,040 | 16,880 | 36,800 | 52,160 | 70,000 | |||||||||||||||
Prepaid taxes
|
- | - | - | 301,807 | 184,819 | |||||||||||||||
Prepayments and other
|
303,564 | 242,922 | 291,742 | 246,036 | 201,221 | |||||||||||||||
Total
|
3,929,691 | 3,683,126 | 3,622,703 | 4,339,083 | 4,534,161 | |||||||||||||||
OTHER PROPERTY AND INVESTMENTS:
|
||||||||||||||||||||
Investment in affiliates – at equity
|
40,350 | 46,738 | 44,876 | 40,697 | 39,580 | |||||||||||||||
Decommissioning trust funds
|
4,903,144 | 4,190,108 | 3,788,031 | 3,595,716 | 3,211,183 | |||||||||||||||
Non-utility property – at cost (less accumulated depreciation)
|
199,375 | 256,039 | 260,436 | 257,847 | 247,664 | |||||||||||||||
Other
|
210,616 | 436,234 | 416,423 | 405,946 | 120,273 | |||||||||||||||
Total
|
5,353,485 | 4,929,119 | 4,509,766 | 4,300,206 | 3,618,700 | |||||||||||||||
PROPERTY, PLANT AND EQUIPMENT:
|
||||||||||||||||||||
Electric
|
42,935,712 | 41,944,567 | 39,385,524 | 37,153,061 | 36,343,772 | |||||||||||||||
Property under capital lease
|
941,299 | 935,199 | 809,449 | 800,078 | 783,096 | |||||||||||||||
Natural gas
|
366,365 | 353,492 | 343,550 | 330,608 | 314,256 | |||||||||||||||
Construction work in progress
|
1,514,857 | 1,365,699 | 1,779,723 | 1,661,560 | 1,547,319 | |||||||||||||||
Nuclear fuel under capital lease
|
- | - | - | - | 527,521 | |||||||||||||||
Nuclear fuel
|
1,566,904 | 1,598,430 | 1,546,167 | 1,377,962 | 739,827 | |||||||||||||||
Total property, plant and equipment
|
47,325,137 | 46,197,387 | 43,864,413 | 41,323,269 | 40,255,791 | |||||||||||||||
Less – accumulated depreciation and amortization
|
19,443,493 | 18,898,842 | 18,255,128 | 17,474,914 | 16,866,389 | |||||||||||||||
Property, plant and equipment – net
|
27,881,644 | 27,298,545 | 25,609,285 | 23,848,355 | 23,389,402 | |||||||||||||||
DEFERRED DEBITS AND OTHER ASSETS:
|
||||||||||||||||||||
Regulatory assets:
|
||||||||||||||||||||
Regulatory asset for income taxes - net
|
849,718 | 742,030 | 799,006 | 845,725 | 816,856 | |||||||||||||||
Other regulatory assets (includes securitization property of
|
||||||||||||||||||||
$822,218 as of December 31, 2013, $914,751 as
|
||||||||||||||||||||
of December 31, 2012, $1,009,103 as of December 31, 2011,
|
||||||||||||||||||||
$882,346 as of December 31, 2010,
|
||||||||||||||||||||
$818,047 as of December 31, 2009)
|
3,893,363 | 5,025,912 | 4,636,871 | 3,838,237 | 3,647,154 | |||||||||||||||
Deferred fuel costs
|
172,202 | 172,202 | 172,202 | 172,202 | 172,202 | |||||||||||||||
Goodwill
|
377,172 | 377,172 | 377,172 | 377,172 | 377,172 | |||||||||||||||
Accumulated deferred income taxes
|
62,011 | 37,748 | 19,003 | 54,523 | - | |||||||||||||||
Other
|
887,160 | 936,648 | 955,691 | 909,773 | 1,006,306 | |||||||||||||||
Total
|
6,241,626 | 7,291,712 | 6,959,945 | 6,197,632 | 6,019,690 | |||||||||||||||
TOTAL ASSETS
|
$ | 43,406,446 | $ | 43,202,502 | $ | 40,701,699 | $ | 38,685,276 | $ | 37,561,953 | ||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||
CONSOLIDATED BALANCE SHEETS (unaudited)
|
||||||||||||||||||||
In thousands, as of December 31,
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||
CURRENT LIABILITIES:
|
||||||||||||||||||||
Currently maturing long-term debt
|
$ | 457,095 | $ | 718,516 | $ | 2,192,733 | $ | 299,548 | $ | 711,957 | ||||||||||
Notes payable and commercial paper
|
1,046,887 | 796,002 | 108,331 | 154,135 | 30,031 | |||||||||||||||
Accounts payable
|
1,173,313 | 1,217,180 | 1,069,096 | 1,181,099 | 998,228 | |||||||||||||||
Customer deposits
|
370,997 | 359,078 | 351,741 | 335,058 | 323,342 | |||||||||||||||
Taxes accrued
|
191,093 | 333,719 | 278,235 | - | - | |||||||||||||||
Accumulated deferred income taxes
|
28,307 | 13,109 | 99,929 | 49,307 | 48,584 | |||||||||||||||
Interest accrued
|
180,997 | 184,664 | 183,512 | 217,685 | 192,283 | |||||||||||||||
Deferred fuel costs
|
57,631 | 96,439 | 255,839 | 166,409 | 219,639 | |||||||||||||||
Obligations under capital leases
|
2,323 | 3,880 | 3,631 | 3,388 | 212,496 | |||||||||||||||
Pension and other postretirement liabilities
|
67,419 | 95,900 | 44,031 | 39,862 | 55,031 | |||||||||||||||
System agreement cost equalization
|
61,040 | 25,848 | 80,090 | 52,160 | 187,204 | |||||||||||||||
Other
|
423,470 | 261,986 | 283,531 | 277,598 | 215,202 | |||||||||||||||
Total
|
4,060,572 | 4,106,321 | 4,950,699 | 2,776,249 | 3,193,997 | |||||||||||||||
NON-CURRENT LIABILITIES:
|
||||||||||||||||||||
Accumulated deferred income taxes and taxes accrued
|
8,724,635 | 8,311,756 | 8,096,452 | 8,573,646 | 7,662,798 | |||||||||||||||
Accumulated deferred investment tax credits
|
263,765 | 273,696 | 284,747 | 292,330 | 308,395 | |||||||||||||||
Obligations under capital leases
|
32,218 | 34,541 | 38,421 | 42,078 | 354,233 | |||||||||||||||
Other regulatory liabilities
|
1,295,955 | 898,614 | 728,193 | 539,026 | 378,862 | |||||||||||||||
Decommissioning and asset retirement cost liabilities
|
3,933,416 | 3,513,634 | 3,296,570 | 3,148,479 | 2,939,539 | |||||||||||||||
Accumulated provisions
|
115,139 | 362,226 | 385,512 | 395,250 | 141,315 | |||||||||||||||
Pension and other postretirement liabilities
|
2,320,704 | 3,725,886 | 3,133,657 | 2,175,364 | 2,241,039 | |||||||||||||||
Long-term debt (includes securitization bonds
|
||||||||||||||||||||
of $883,013 as of December 31, 2013, $973,480 as of
|
||||||||||||||||||||
December 31, 2012, $1,070,556 as of December 31, 2011,
|
||||||||||||||||||||
$931,131 as of December 31, 2010,
|
||||||||||||||||||||
$838,349 as of December 31, 2009)
|
12,139,149 | 11,920,318 | 10,043,713 | 11,317,157 | 10,705,738 | |||||||||||||||
Other
|
583,667 | 577,910 | 501,954 | 618,559 | 711,334 | |||||||||||||||
Total
|
29,408,648 | 29,618,581 | 26,509,219 | 27,101,889 | 25,443,253 | |||||||||||||||
Commitments and Contingencies
|
||||||||||||||||||||
Subsidiaries preferred stock without sinking fund
|
210,760 | 186,511 | 186,511 | 216,738 | 217,343 | |||||||||||||||
EQUITY:
|
||||||||||||||||||||
Common shareholders' equity:
|
||||||||||||||||||||
Common stock, $.01 par value, authorized 500,000,000
|
||||||||||||||||||||
shares; issued 254,752,788 shares in 2013, 2012, 2011, 2010,
|
||||||||||||||||||||
and 2009
|
2,548 | 2,548 | 2,548 | 2,548 | 2,548 | |||||||||||||||
Paid-in capital
|
5,368,131 | 5,357,852 | 5,360,682 | 5,367,474 | 5,370,042 | |||||||||||||||
Retained earnings
|
9,825,053 | 9,704,591 | 9,446,960 | 8,689,401 | 8,043,122 | |||||||||||||||
Accumulated other comprehensive loss
|
(29,324 | ) | (293,083 | ) | (168,452 | ) | (38,212 | ) | (75,185 | ) | ||||||||||
Less – treasury stock, at cost (76,381,936 shares in 2013;
|
||||||||||||||||||||
76,945,239 shares in 2012; 78,396,988 shares in 2011;
|
||||||||||||||||||||
76,006,920 shares in 2010; and 65,634,580 shares in 2009)
|
5,533,942 | 5,574,819 | 5,680,468 | 5,524,811 | 4,727,167 | |||||||||||||||
Total common shareholders' equity
|
9,632,466 | 9,197,089 | 8,961,270 | 8,496,400 | 8,613,360 | |||||||||||||||
Subsidiaries preferred stock without sinking fund
|
94,000 | 94,000 | 94,000 | 94,000 | 94,000 | |||||||||||||||
Total
|
9,726,466 | 9,291,089 | 9,055,270 | 8,590,400 | 8,707,360 | |||||||||||||||
TOTAL LIABILITIES AND EQUITY
|
$ | 43,406,446 | $ | 43,202,502 | $ | 40,701,699 | $ | 38,685,276 | $ | 37,561,953 | ||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||
2013 CONSOLIDATING BALANCE SHEET (unaudited)
|
||||||||||||||||
ENTERGY
|
||||||||||||||||
WHOLESALE
|
PARENT & | |||||||||||||||
In thousands, as of December 31, 2013.
|
UTILITY
|
COMMODITIES
|
OTHER
|
CONSOLIDATED
|
||||||||||||
ASSETS
|
|
|
|
|
||||||||||||
CURRENT ASSETS:
|
|
|
|
|
||||||||||||
Cash and cash equivalents:
|
||||||||||||||||
Cash
|
$ | 119,781 | $ | 9,192 | $ | 1,006 | $ | 129,979 | ||||||||
Temporary cash investments
|
431,436 | 167,266 | 10,445 | 609,147 | ||||||||||||
Total cash and cash equivalents
|
551,217 | 176,458 | 11,451 | 739,126 | ||||||||||||
Securitization recovery trust account
|
45,885 | - | - | 45,885 | ||||||||||||
Notes receivable
|
- | 530,389 | (530,389 | ) | - | |||||||||||
Accounts receivable:
|
||||||||||||||||
Customer
|
509,176 | 161,465 | - | 670,641 | ||||||||||||
Allowance for doubtful accounts
|
(34,311 | ) | - | - | (34,311 | ) | ||||||||||
Associated companies
|
47,887 | 2,776 | (50,663 | ) | - | |||||||||||
Other
|
184,640 | 10,353 | 35 | 195,028 | ||||||||||||
Accrued unbilled revenues
|
340,828 | - | - | 340,828 | ||||||||||||
Total accounts receivable
|
1,048,220 | 174,594 | (50,628 | ) | 1,172,186 | |||||||||||
Deferred fuel costs
|
116,379 | - | - | 116,379 | ||||||||||||
Accumulated deferred income taxes
|
195,030 | 13,915 | (33,872 | ) | 175,073 | |||||||||||
Fuel inventory – at average cost
|
198,604 | 10,354 | - | 208,958 | ||||||||||||
Materials and supplies – at average cost
|
603,557 | 311,449 | - | 915,006 | ||||||||||||
Deferred nuclear refueling outage costs
|
78,633 | 113,841 | - | 192,474 | ||||||||||||
System agreement cost equalization
|
61,040 | - | - | 61,040 | ||||||||||||
Prepayments and other
|
255,907 | 180,477 | (132,820 | ) | 303,564 | |||||||||||
Total
|
3,154,472 | 1,511,477 | (736,258 | ) | 3,929,691 | |||||||||||
OTHER PROPERTY AND INVESTMENTS:
|
||||||||||||||||
Investment in affiliates – at equity
|
1,097,270 | 40,238 | (1,097,158 | ) | 40,350 | |||||||||||
Decommissioning trust funds
|
2,235,826 | 2,667,318 | - | 4,903,144 | ||||||||||||
Non-utility property – at cost (less accumulated depreciation)
|
182,465 | 8,189 | 8,721 | 199,375 | ||||||||||||
Other
|
150,015 | 60,601 | - | 210,616 | ||||||||||||
Total
|
3,665,576 | 2,776,346 | (1,088,437 | ) | 5,353,485 | |||||||||||
PROPERTY, PLANT AND EQUIPMENT:
|
||||||||||||||||
Electric
|
38,043,514 | 4,888,807 | 3,391 | 42,935,712 | ||||||||||||
Property under capital lease
|
941,299 | - | - | 941,299 | ||||||||||||
Natural gas
|
366,365 | - | - | 366,365 | ||||||||||||
Construction work in progress
|
1,217,138 | 297,451 | 268 | 1,514,857 | ||||||||||||
Nuclear fuel
|
854,617 | 712,287 | - | 1,566,904 | ||||||||||||
Total property, plant and equipment
|
41,422,933 | 5,898,545 | 3,659 | 47,325,137 | ||||||||||||
Less – accumulated depreciation and amortization
|
18,199,512 | 1,243,791 | 190 | 19,443,493 | ||||||||||||
Property, plant and equipment – net
|
23,223,421 | 4,654,754 | 3,469 | 27,881,644 | ||||||||||||
DEFERRED DEBITS AND OTHER ASSETS:
|
||||||||||||||||
Regulatory assets:
|
||||||||||||||||
Regulatory asset for income taxes - net
|
849,718 | - | - | 849,718 | ||||||||||||
Other regulatory assets (includes securitization property of
|
||||||||||||||||
$822,218 as of December 31, 2013)
|
3,893,363 | - | - | 3,893,363 | ||||||||||||
Deferred fuel costs
|
172,202 | - | - | 172,202 | ||||||||||||
Goodwill
|
374,099 | 3,073 | - | 377,172 | ||||||||||||
Accumulated deferred income taxes
|
9,117 | 52,894 | - | 62,011 | ||||||||||||
Other
|
197,617 | 698,161 | (8,618 | ) | 887,160 | |||||||||||
Total
|
5,496,116 | 754,128 | (8,618 | ) | 6,241,626 | |||||||||||
TOTAL ASSETS
|
$ | 35,539,585 | $ | 9,696,705 | $ | (1,829,844 | ) | $ | 43,406,446 | |||||||
Totals may not foot due to rounding.
|
||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||
2013 CONSOLIDATING BALANCE SHEET (unaudited)
|
||||||||||||||||
ENTERGY
|
||||||||||||||||
WHOLESALE
|
PARENT & | |||||||||||||||
In thousands, as of December 31, 2013.
|
UTILITY
|
COMMODITIES
|
OTHER
|
CONSOLIDATED
|
||||||||||||
LIABILITIES AND EQUITY
|
|
|
|
|
||||||||||||
CURRENT LIABILITIES:
|
||||||||||||||||
Currently maturing long-term debt
|
$ | 438,884 | $ | 18,211 | $ | - | $ | 457,095 | ||||||||
Notes payable and commercial paper:
|
||||||||||||||||
Associated companies
|
- | 103,739 | (103,739 | ) | - | |||||||||||
Other
|
2,940 | - | 1,043,947 | 1,046,887 | ||||||||||||
Accounts payable:
|
||||||||||||||||
Associated companies
|
15,836 | 28,216 | (44,052 | ) | - | |||||||||||
Other
|
916,616 | 256,018 | 679 | 1,173,313 | ||||||||||||
Customer deposits
|
370,997 | - | - | 370,997 | ||||||||||||
Taxes accrued
|
- | - | 191,093 | 191,093 | ||||||||||||
Accumulated deferred income taxes
|
97,463 | (3 | ) | (69,153 | ) | 28,307 | ||||||||||
Interest accrued
|
156,968 | 194 | 23,835 | 180,997 | ||||||||||||
Deferred fuel costs
|
57,631 | - | - | 57,631 | ||||||||||||
Obligations under capital leases
|
2,323 | - | - | 2,323 | ||||||||||||
Pension and other postretirement liabilities
|
58,720 | 8,699 | - | 67,419 | ||||||||||||
System agreement cost equalization
|
61,040 | - | - | 61,040 | ||||||||||||
Other
|
141,425 | 282,045 | - | 423,470 | ||||||||||||
Total
|
2,320,843 | 697,119 | 1,042,610 | 4,060,572 | ||||||||||||
NON-CURRENT LIABILITIES:
|
||||||||||||||||
Accumulated deferred income taxes and taxes accrued
|
7,340,267 | 1,266,913 | 117,455 | 8,724,635 | ||||||||||||
Accumulated deferred investment tax credits
|
263,765 | - | - | 263,765 | ||||||||||||
Obligations under capital leases
|
32,218 | - | - | 32,218 | ||||||||||||
Other regulatory liabilities
|
1,295,955 | - | - | 1,295,955 | ||||||||||||
Decommissioning and asset retirement cost liabilities
|
2,235,194 | 1,698,222 | - | 3,933,416 | ||||||||||||
Accumulated provisions
|
110,899 | 3,191 | 1,049 | 115,139 | ||||||||||||
Pension and other postretirement liabilities
|
1,708,639 | 612,065 | - | 2,320,704 | ||||||||||||
Long-term debt (includes securitization bonds
|
||||||||||||||||
of $883,013 as of December 31, 2013)
|
10,307,888 | 76,800 | 1,754,461 | 12,139,149 | ||||||||||||
Other
|
741,376 | 593,325 | (751,034 | ) | 583,667 | |||||||||||
Total
|
24,036,201 | 4,250,516 | 1,121,931 | 29,408,648 | ||||||||||||
Commitments and Contingencies
|
||||||||||||||||
Subsidiaries preferred stock without sinking fund
|
186,511 | 24,249 | - | 210,760 | ||||||||||||
EQUITY:
|
||||||||||||||||
Common shareholders' equity:
|
||||||||||||||||
Common stock, $.01 par value, authorized 500,000,000 shares;
|
||||||||||||||||
issued 254,752,788 shares in 2013
|
2,161,268 | 201,094 | (2,359,814 | ) | 2,548 | |||||||||||
Paid-in capital
|
2,417,670 | 1,627,856 | 1,322,605 | 5,368,131 | ||||||||||||
Retained earnings
|
4,518,741 | 2,849,546 | 2,456,766 | 9,825,053 | ||||||||||||
Accumulated other comprehensive income (loss)
|
(75,649 | ) | 46,325 | - | (29,324 | ) | ||||||||||
Less – treasury stock, at cost (76,381,936 shares in 2013)
|
120,000 | - | 5,413,942 | 5,533,942 | ||||||||||||
Total common shareholders' equity
|
8,902,030 | 4,724,821 | (3,994,385 | ) | 9,632,466 | |||||||||||
Subsidiaries preferred stock without sinking fund
|
94,000 | - | - | 94,000 | ||||||||||||
Total
|
8,996,030 | 4,724,821 | (3,994,385 | ) | 9,726,466 | |||||||||||
TOTAL LIABILITIES AND EQUITY
|
$ | 35,539,585 | $ | 9,696,705 | $ | (1,829,844 | ) | $ | 43,406,446 | |||||||
Totals may not foot due to rounding.
|
||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
|
||||||||||||||||||||
In thousands, for the years ended December 31,
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
OPERATING ACTIVITIES:
|
||||||||||||||||||||
Consolidated net income
|
$ | 730,572 | $ | 868,363 | $ | 1,367,372 | $ | 1,270,305 | $ | 1,251,050 | ||||||||||
Adjustments to reconcile consolidated net income
|
||||||||||||||||||||
to net cash flow provided by operating activities:
|
||||||||||||||||||||
Depreciation, amortization, and decommissioning, including nuclear fuel amortization
|
2,012,076 | 1,771,649 | 1,745,455 | 1,705,331 | 1,458,861 | |||||||||||||||
Deferred income taxes, investment tax credits, and non-current taxes accrued
|
311,789 | (26,479 | ) | (280,029 | ) | 718,987 | 864,684 | |||||||||||||
Asset impairments and related charges
|
341,537 | 355,524 | - | - | - | |||||||||||||||
Gain on sale of business
|
(43,569 | ) | - | - | (44,173 | ) | - | |||||||||||||
Changes in working capital:
|
||||||||||||||||||||
Receivables
|
(180,648 | ) | (14,202 | ) | 28,091 | (99,640 | ) | 116,444 | ||||||||||||
Fuel inventory
|
4,873 | (11,604 | ) | 5,393 | (10,665 | ) | 19,291 | |||||||||||||
Accounts payable
|
94,436 | (6,779 | ) | (131,970 | ) | 216,635 | (14,251 | ) | ||||||||||||
Prepaid taxes and taxes accrued
|
(142,626 | ) | 55,484 | 580,042 | (116,988 | ) | (260,029 | ) | ||||||||||||
Interest accrued
|
(3,667 | ) | 1,152 | (34,172 | ) | 17,651 | 4,974 | |||||||||||||
Deferred fuel costs
|
(4,824 | ) | (99,987 | ) | (55,686 | ) | 8,909 | 72,314 | ||||||||||||
Other working capital accounts
|
(66,330 | ) | (151,989 | ) | 41,875 | (160,326 | ) | (43,391 | ) | |||||||||||
Changes in provisions for estimated losses
|
(248,205 | ) | (24,808 | ) | (11,086 | ) | 265,284 | (12,030 | ) | |||||||||||
Changes in other regulatory assets
|
1,105,622 | (398,428 | ) | (673,244 | ) | 339,408 | (415,157 | ) | ||||||||||||
Changes in other regulatory liabilities
|
397,341 | 170,421 | 189,167 | - | - | |||||||||||||||
Changes in pensions and other postretirement liabilities
|
(1,433,663 | ) | 644,099 | 962,461 | (80,844 | ) | 71,789 | |||||||||||||
Other
|
314,505 | (192,131 | ) | (604,852 | ) | (103,793 | ) | (181,391 | ) | |||||||||||
Net cash flow provided by operating activities
|
3,189,219 | 2,940,285 | 3,128,817 | 3,926,081 | 2,933,158 | |||||||||||||||
INVESTING ACTIVITIES:
|
||||||||||||||||||||
Construction/capital expenditures
|
(2,287,593 | ) | (2,674,650 | ) | (2,040,027 | ) | (1,974,286 | ) | (1,931,245 | ) | ||||||||||
Allowance for equity funds used during construction
|
69,689 | 96,131 | 86,252 | 59,381 | 59,545 | |||||||||||||||
Nuclear fuel purchases
|
(517,825 | ) | (557,960 | ) | (641,493 | ) | (407,711 | ) | (525,474 | ) | ||||||||||
Proceeds from sale/leaseback of nuclear fuel
|
- | - | - | - | 284,997 | |||||||||||||||
Proceeds from sale of assets and businesses
|
147,922 | - | 6,531 | 228,171 | 39,554 | |||||||||||||||
Payment for purchase of plant
|
(17,300 | ) | (456,356 | ) | (646,137 | ) | - | - | ||||||||||||
Insurance proceeds received for property damages
|
- | - | - | 7,894 | 53,760 | |||||||||||||||
Changes in securitization account
|
155 | 4,265 | (7,260 | ) | (29,945 | ) | (1,036 | ) | ||||||||||||
NYPA value sharing payment
|
(71,736 | ) | (72,000 | ) | (72,000 | ) | (72,000 | ) | (72,000 | ) | ||||||||||
Payments to storm reserve escrow account
|
(7,716 | ) | (8,957 | ) | (6,425 | ) | (296,614 | ) | (6,802 | ) | ||||||||||
Receipts from storm reserve escrow account
|
260,279 | 27,884 | - | 9,925 | - | |||||||||||||||
Decrease (increase) in other investments
|
(82,955 | ) | 15,175 | (11,623 | ) | 24,956 | 100,956 | |||||||||||||
Litigation proceeds for reimbursement of spent nuclear fuel storage costs
|
21,034 | 109,105 | - | - | - | |||||||||||||||
Proceeds from nuclear decommissioning trust fund sales
|
2,031,552 | 2,074,055 | 1,360,346 | 2,606,383 | 2,570,523 | |||||||||||||||
Investment in nuclear decommissioning trust funds
|
(2,147,099 | ) | (2,196,489 | ) | (1,475,017 | ) | (2,730,377 | ) | (2,667,172 | ) | ||||||||||
Net cash flow used in investing activities
|
(2,601,593 | ) | (3,639,797 | ) | (3,446,853 | ) | (2,574,223 | ) | (2,094,394 | ) | ||||||||||
FINANCING ACTIVITIES:
|
||||||||||||||||||||
Proceeds from the issuance of:
|
||||||||||||||||||||
Long-term debt
|
3,746,016 | 3,478,361 | 2,990,881 | 3,870,694 | 2,003,469 | |||||||||||||||
Mandatorily redeemable preferred membership units of subsidiary
|
- | 51,000 | - | - | - | |||||||||||||||
Preferred stock of subsidiary
|
24,249 | - | - | - | - | |||||||||||||||
Common stock and treasury stock
|
24,527 | 62,886 | 46,185 | 51,163 | 28,198 | |||||||||||||||
Retirement of long-term debt
|
(3,814,666 | ) | (3,130,233 | ) | (2,437,372 | ) | (4,178,127 | ) | (1,843,169 | ) | ||||||||||
Repurchase of common stock
|
- | - | (234,632 | ) | (878,576 | ) | (613,125 | ) | ||||||||||||
Redemption of subsidiary common and preferred stock
|
- | - | (30,308 | ) | - | (1,847 | ) | |||||||||||||
Changes in credit borrowings and commercial paper – net
|
250,889 | 687,675 | (6,501 | ) | (8,512 | ) | (25,000 | ) | ||||||||||||
Dividends paid:
|
||||||||||||||||||||
Common stock
|
(593,037 | ) | (589,209 | ) | (589,605 | ) | (603,854 | ) | (576,956 | ) | ||||||||||
Preferred stock
|
(18,802 | ) | (22,329 | ) | (20,933 | ) | (20,063 | ) | (19,958 | ) | ||||||||||
Net cash flow provided by (used in) financing activities
|
(380,824 | ) | 538,151 | (282,285 | ) | (1,767,275 | ) | (1,048,388 | ) | |||||||||||
Effect of exchange rates on cash and cash equivalents
|
(245 | ) | (508 | ) | 287 | 338 | (1,316 | ) | ||||||||||||
Net increase (decrease) in cash and cash equivalents
|
206,557 | (161,869 | ) | (600,034 | ) | (415,079 | ) | (210,940 | ) | |||||||||||
Cash and cash equivalents at beginning of period
|
532,569 | 694,438 | 1,294,472 | 1,709,551 | 1,920,491 | |||||||||||||||
Cash and cash equivalents at end of period
|
$ | 739,126 | $ | 532,569 | $ | 694,438 | $ | 1,294,472 | $ | 1,709,551 | ||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
|
||||||||||||||||||||
$ thousands, for the years ended December 31,
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
SUPPLEMENTAL DISCLOSURE OF
|
||||||||||||||||||||
CASH FLOW INFORMATION:
|
||||||||||||||||||||
Cash paid (received) during the period for:
|
||||||||||||||||||||
Interest – net of amount capitalized
|
570,212 | 546,125 | 532,271 | 534,004 | 576,811 | |||||||||||||||
Income taxes
|
127,735 | 49,214 | (2,042 | ) | 32,144 | 43,057 | ||||||||||||||
Noncash financing activities:
|
||||||||||||||||||||
Long-tern debt retired (equity unit notes)
|
- | - | - | - | (500,000 | ) | ||||||||||||||
Common stock issued in settlement of equity unit purchase contracts
|
- | - | - | - | 500,000 | |||||||||||||||
CASH FLOW INFORMATION BY BUSINESS
|
||||||||||||||||||||
ENTERGY
|
||||||||||||||||||||
WHOLESALE
|
PARENT & | |||||||||||||||||||
For the years ended December 31, 2013, 2012, 2011, 2010, and 2009.
|
UTILITY
|
COMMODITIES
|
OTHER
|
CONSOLIDATED
|
||||||||||||||||
($ thousands)
|
||||||||||||||||||||
2013
|
||||||||||||||||||||
Net cash flow provided by operating activities
|
2,208,089 | 730,011 | 251,118 | 3,189,219 | ||||||||||||||||
Net cash flow provided by (used in) investing activities
|
(1,989,855 | ) | (611,689 | ) | (51 | ) | (2,601,593 | ) | ||||||||||||
Net cash flow provided by (used in) financing activities
|
(47,150 | ) | (82,542 | ) | (251,132 | ) | (380,824 | ) | ||||||||||||
2012
|
||||||||||||||||||||
Net cash flow provided by (used in) operating activities
|
2,354,454 | 675,779 | (89,948 | ) | 2,940,285 | |||||||||||||||
Net cash flow provided by (used in) investing activities
|
(3,070,785 | ) | (563,996 | ) | (5,016 | ) | (3,639,797 | ) | ||||||||||||
Net cash flow provided by (used in) financing activities
|
736,832 | (292,860 | ) | 94,179 | 538,151 | |||||||||||||||
2011
|
||||||||||||||||||||
Net cash flow provided by operating activities
|
2,099,569 | 756,499 | 272,749 | 3,128,817 | ||||||||||||||||
Net cash flow provided by (used in) investing activities
|
(2,346,218 | ) | (1,262,664 | ) | 162,029 | (3,446,853 | ) | |||||||||||||
Net cash flow provided by (used in) financing activities
|
(215,304 | ) | 374,484 | (441,465 | ) | (282,285 | ) | |||||||||||||
2010
|
||||||||||||||||||||
Net cash flow provided by operating activities
|
2,941,596 | 629,787 | 354,698 | 3,926,081 | ||||||||||||||||
Net cash flow provided by (used in) investing activities
|
(2,500,139 | ) | (399,439 | ) | 325,355 | (2,574,223 | ) | |||||||||||||
Net cash flow provided by (used in) financing activities
|
(859,141 | ) | (230,203 | ) | (677,930 | ) | (1,767,274 | ) | ||||||||||||
2009
|
||||||||||||||||||||
Net cash flow provided by (used in) operating activities
|
1,586,020 | 2,626,034 | (1,278,896 | ) | 2,933,158 | |||||||||||||||
Net cash flow provided by (used in) investing activities
|
(1,465,824 | ) | (1,927,120 | ) | 1,298,550 | (2,094,394 | ) | |||||||||||||
Net cash flow provided by (used in) financing activities
|
553,107 | (701,801 | ) | (899,694 | ) | (1,048,388 | ) | |||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||
Totals may not foot due to rounding.
|
FINANCIAL RESULTS
|
||||||||||||||||||||||||||||
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME (unaudited)
|
||||||||||||||||||||||||||||
($ thousands)
|
Common Shareholders’ Equity
|
|||||||||||||||||||||||||||
Subsidiaries’ Preferred Stock
|
Common Stock
|
Treasury Stock
|
Paid-in Capital
|
Retained Earnings
|
Accumulated Other Comprehensive Income (Loss)
|
Total
|
||||||||||||||||||||||
Balance at December 31, 2008
|
94,000 | 2,482 | (4,175,214 | ) | 4,869,303 | 7,382,719 | (112,698 | ) | 8,060,592 | |||||||||||||||||||
Consolidated net income (a)
|
19,958 | - | - | - | 1,231,092 | - | 1,251,050 | |||||||||||||||||||||
Other comprehensive income
|
- | - | - | - | - | 43,878 | 43,878 | |||||||||||||||||||||
Common stock repurchases
|
- | - | (613,125 | ) | - | - | - | (613,125 | ) | |||||||||||||||||||
Common stock issuances in settlement of equity unit purchase contracts
|
- | 66 | - | 499,934 | - | - | 500,000 | |||||||||||||||||||||
Common stock issuances related to stock plans
|
- | - | 61,172 | 805 | - | - | 61,977 | |||||||||||||||||||||
Common stock dividends declared
|
- | - | - | - | (576,913 | ) | - | (576,913 | ) | |||||||||||||||||||
Preferred dividend requirements of subsidiaries (a)
|
(19,958 | ) | - | - | - | - | - | (19,958 | ) | |||||||||||||||||||
Capital stock and other expenses
|
- | - | - | - | (141 | ) | - | (141 | ) | |||||||||||||||||||
Adjustment for implementation of new accounting pronouncement
|
- | - | - | - | 6,365 | (6,365 | ) | - | ||||||||||||||||||||
Balance at December 31, 2009
|
94,000 | 2,548 | (4,727,167 | ) | 5,370,042 | 8,043,122 | (75,185 | ) | 8,707,360 | |||||||||||||||||||
Consolidated net income (a)
|
20,063 | - | - | - | 1,250,242 | - | 1,270,305 | |||||||||||||||||||||
Other comprehensive income
|
- | - | - | - | - | 36,973 | 36,973 | |||||||||||||||||||||
Common stock repurchases
|
- | - | (878,576 | ) | - | - | - | (878,576 | ) | |||||||||||||||||||
Common stock issuances related to stock plans
|
- | - | 80,932 | (2,568 | ) | - | - | 78,364 | ||||||||||||||||||||
Common stock dividends declared
|
- | - | - | - | (603,963 | ) | - | (603,963 | ) | |||||||||||||||||||
Preferred dividend requirements of subsidiaries (a)
|
(20,063 | ) | - | - | - | - | - | (20,063 | ) | |||||||||||||||||||
Balance at December 31, 2010
|
94,000 | 2,548 | (5,524,811 | ) | 5,367,474 | 8,689,401 | (38,212 | ) | 8,590,400 | |||||||||||||||||||
Consolidated net income (a)
|
20,933 | - | - | - | 1,346,439 | - | 1,367,372 | |||||||||||||||||||||
Other comprehensive loss
|
- | - | - | - | - | (130,240 | ) | (130,240 | ) | |||||||||||||||||||
Common stock repurchases
|
- | - | (234,632 | ) | - | - | - | (234,632 | ) | |||||||||||||||||||
Common stock issuances related to stock plans
|
- | - | 78,975 | (6,792 | ) | - | - | 72,183 | ||||||||||||||||||||
Common stock dividends declared
|
- | - | - | - | (588,880 | ) | - | (588,880 | ) | |||||||||||||||||||
Preferred dividend requirements of subsidiaries (a)
|
(20,933 | ) | - | - | - | - | - | (20,933 | ) | |||||||||||||||||||
Balance at December 31, 2011
|
94,000 | 2,548 | (5,680,468 | ) | 5,360,682 | 9,446,960 | (168,452 | ) | 9,055,270 | |||||||||||||||||||
Consolidated net income (a)
|
21,690 | - | - | - | 846,673 | - | 868,363 | |||||||||||||||||||||
Other comprehensive loss
|
- | - | - | - | - | (124,631 | ) | (124,631 | ) | |||||||||||||||||||
Common stock issuances related to stock plans
|
- | - | 105,649 | (2,830 | ) | - | - | 102,819 | ||||||||||||||||||||
Common stock dividends declared
|
- | - | - | - | (589,042 | ) | - | (589,042 | ) | |||||||||||||||||||
Preferred dividend requirements of subsidiaries (a)
|
(21,690 | ) | - | - | - | - | - | (21,690 | ) | |||||||||||||||||||
Balance at December 31, 2012
|
94,000 | 2,548 | (5,574,819 | ) | 5,357,852 | 9,704,591 | (293,083 | ) | 9,291,089 | |||||||||||||||||||
Consolidated net income (a)
|
18,670 | - | - | - | 711,902 | - | 730,572 | |||||||||||||||||||||
Other comprehensive income
|
- | - | - | - | - | 263,759 | 263,759 | |||||||||||||||||||||
Common stock issuances related to stock plans
|
- | - | 40,877 | 10,279 | - | - | 51,156 | |||||||||||||||||||||
Common stock dividends declared
|
- | - | - | - | (591,440 | ) | - | (591,440 | ) | |||||||||||||||||||
Preferred dividend requirements of subsidiaries (a)
|
(18,670 | ) | - | - | - | - | - | (18,670 | ) | |||||||||||||||||||
Balance at December 31, 2013
|
94,000 | 2,548 | (5,533,942 | ) | 5,368,131 | 9,825,053 | (29,324 | ) | 9,726,466 | |||||||||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||||||||||
(a) Consolidated net income and preferred dividend requirements of subsidiaries for 2013, 2012, 2011, 2010 and 2009 include $12.0 million, $15.0 million, $13.3 million, $13.3 million, and $13.3 million respectively,
|
||||||||||||||||||||||||||||
of preferred dividends on subsidiaries’ preferred stock without sinking fund that is not presented as equity.
|
||||||||||||||||||||||||||||
FINANCIAL RESULTS
|
||||||||||||||||||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
|
||||||||||||||||||||
In thousands, for the years ended December 31,
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
NET INCOME
|
$ | 730,572 | $ | 868,363 | $ | 1,367,372 | $ | 1,270,305 | $ | 1,251,050 | ||||||||||
Other comprehensive income (loss)
|
||||||||||||||||||||
Cash flow hedges net unrealized gain (loss)
|
||||||||||||||||||||
(net of tax expense (benefit) of ($87,940), ($55,750), $34,411, ($7,088), and $333
|
||||||||||||||||||||
for 2013 to 2009, respectively)
|
(161,682 | ) | (97,591 | ) | 71,239 | (11,685 | ) | (2,887 | ) | |||||||||||
Pension and other postretirement liabilities
|
||||||||||||||||||||
(net of tax expense (benefit) of $220,899, ($61,223), ($131,198), ($14,387), and ($34,415)
|
||||||||||||||||||||
for 2013 to 2009, respectively)
|
302,489 | (91,157 | ) | (223,090 | ) | (8,527 | ) | (35,707 | ) | |||||||||||
Net unrealized investment gains
|
||||||||||||||||||||
(net of tax expense of $118,878, $61,104, $19,368, $51,130, and $102,845
|
||||||||||||||||||||
for 2013 to 2009, respectively)
|
122,709 | 63,609 | 21,254 | 57,523 | 82,929 | |||||||||||||||
Foreign currency translation
|
||||||||||||||||||||
(net of tax expense (benefit) of $131, $275, $192, ($182), and ($246)
|
||||||||||||||||||||
for 2013 to 2009, respectively)
|
243 | 508 | 357 | (338 | ) | (457 | ) | |||||||||||||
Other comprehensive income (loss)
|
263,759 | (124,631 | ) | (130,240 | ) | 36,973 | 43,878 | |||||||||||||
COMPREHENSIVE INCOME
|
994,331 | 743,732 | 1,237,132 | 1,307,278 | 1,294,928 | |||||||||||||||
Preferred dividend requirements of subsidiaries
|
18,670 | 21,690 | 20,933 | 20,063 | 19,958 | |||||||||||||||
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
|
$ | 975,661 | $ | 722,042 | $ | 1,216,199 | $ | 1,287,215 | $ | 1,274,970 | ||||||||||
CONSOLIDATED CAPITAL EXPENDITURES
|
||||||||||||||||||||
HISTORICAL CAPITAL EXPENDITURES
|
||||||||||||||||||||
($ millions)
|
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||||||||||
Utility
|
||||||||||||||||||||
Maintenance
|
1,008 | 868 | 925 | 798 | 805 | |||||||||||||||
Other
|
1,019 | 1,973 | 1,121 | 777 | 767 | |||||||||||||||
Entergy Wholesale Commodities
|
349 | 362 | 712 | 471 | 437 | |||||||||||||||
Parent & Other
|
- | (1 | ) | - | - | (6 | ) | |||||||||||||
Total Historical Capital Expenditures
|
2,376 | 3,203 | 2,758 | 2,046 | 2,003 | |||||||||||||||
PLANNED CAPITAL EXPENDITURES (as of June 2014)
|
||||||||||||
($ millions)
|
2014
|
2015
|
2016
|
|||||||||
Utility:
|
||||||||||||
Generation
|
660 | 490 | 605 | |||||||||
Transmission
|
540 | 645 | 605 | |||||||||
Distribution
|
685 | 565 | 580 | |||||||||
Other
|
160 | 180 | 150 | |||||||||
Total Utility
|
2,045 | 1,880 | 1,940 | |||||||||
Entergy Wholesale Commodities
|
420 | 380 | 230 | |||||||||
Total Planned Capital Expenditures
|
2,465 | 2,260 | 2,170 | |||||||||
ENTERGY CORPORATION SECURITIES DETAIL(a)
|
||||||||
ENTERGY CORPORATION LONG-TERM DEBT
|
CURRENT OR
|
|||||||
MATURITY
|
FIRST CALL
|
FIRST CALL
|
AS OF DECEMBER 31,
|
|||||
CUSIP
|
RATE
|
DATE
|
DATE
|
PRICE
|
2013
|
2012
|
2011
|
|
|
|
|
|
|
($ millions)
|
|||
|
$3.5B Bank Credit Facility
|
1.96%
|
03/19 (c)
|
|
|
$ 255
|
$ 795
|
$ 1,920
|
Commercial Paper (b)
|
0.84%
|
1,045
|
665
|
-
|
||||
29364GAE3
|
3.625% Notes
|
3.625%
|
09/15
|
Now
|
MW (T+.35%)
|
550
|
550
|
550
|
29364GAF0
|
5.125% Notes
|
5.125%
|
09/20
|
Now
|
MW (T+.40%)
|
450
|
450
|
450
|
29364GAG8
|
4.70% Notes
|
4.7%
|
01/17
|
Now
|
MW (T+.50%)
|
500
|
500
|
-
|
|
Total
|
|
|
|
|
$ 2,800
|
$ 2,960
|
$ 2,920
|
(a) On February 16, 2012, Entergy Gulf States Louisiana, L.L.C. sold 500,000 units ($51 million) of Class A preferred, non-voting, membership interest units of Entergy Holdings
|
||||||||
Company LLC that carry a 10% annual distribution rate. Distributions are payable quarterly commencing on September 15, 2008 and have a liquidation price of $100 per
|
||||||||
unit. The preferred membership interests are callable at the option of Entergy Holdings Company LLC after ten years under the terms of the LLC agreement. This preferred
|
||||||||
membership interest is reflected in the Parent & Other disclosure segment in ‘Other Non-Current Liabilities’ on the balance sheet.
|
||||||||
(b) Entergy Corporation has a commercial paper program with a program limit of up to $1.5 billion.
|
||||||||
(c) The maturity date was extended to 03/19 in first quarter 2014.
|
||||||||
SECURITIES RATINGS (OUTLOOK)
|
||||||||
CORPORATE CREDIT
|
||||||||
As of June 2014
|
MOODY’S
|
S&P
|
||||||
Entergy Corporation
|
Baa3 (stable)
|
BBB (stable)
|
||||||
UTILITY SELECTED DATA
|
||||||||||||||||||||||||||||||||||||||||||||
UTILITY QUARTERLY FINANCIAL METRICS
|
||||||||||||||||||||||||||||||||||||||||||||
|
2013
|
2012
|
YTD %
|
|||||||||||||||||||||||||||||||||||||||||
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
1 | Q | 2 | Q | 3 | Q | 4 | Q |
YTD
|
CHANGE
|
||||||||||||||||||||||||||
GAAP MEASURES
|
|
|||||||||||||||||||||||||||||||||||||||||||
As-Reported Net Income ($ millions)
|
123.5 | 196.2 | 348.0 | 161.2 | 828.9 | 62.9 | 304.2 | 296.2 | 279.8 | 943.0 | (12.1 | ) | ||||||||||||||||||||||||||||||||
Return on Average Invested Capital –
|
||||||||||||||||||||||||||||||||||||||||||||
As-Reported (%)(a)
|
7.2 | 6.5 | 6.7 | 5.9 | 5.9 | 7.6 | 7.9 | 6.4 | 6.9 | 6.9 | (14.5 | ) | ||||||||||||||||||||||||||||||||
Return on Average Common Equity –
|
||||||||||||||||||||||||||||||||||||||||||||
As-Reported (%)(a)
|
12.6 | 10.9 | 11.2 | 9.6 | 9.6 | 13.4 | 13.8 | 10.5 | 11.8 | 11.8 | (18.6 | ) | ||||||||||||||||||||||||||||||||
Debt to Capital Ratio (%)
|
55.1 | 55.9 | 54.9 | 54.0 | 54.0 | 54.4 | 53.3 | 53.7 | 54.9 | 54.9 | (1.6 | ) | ||||||||||||||||||||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||||||||||||||||||||||||||
Operational Earnings ($ millions)
|
129.8 | 211.1 | 363.3 | 153.7 | 857.8 | 68.7 | 314.1 | 306.9 | 290.5 | 980.1 | (12.5 | ) | ||||||||||||||||||||||||||||||||
Return on Average Invested Capital –
|
||||||||||||||||||||||||||||||||||||||||||||
Operational (%)(a)
|
7.4 | 6.7 | 6.9 | 6.1 | 6.1 | 7.7 | 8.0 | 6.5 | 7.1 | 7.1 | (14.1 | ) | ||||||||||||||||||||||||||||||||
Return on Average Common Equity –
|
||||||||||||||||||||||||||||||||||||||||||||
Operational (%)(a)
|
13.1 | 11.5 | 11.8 | 10.0 | 10.0 | 13.5 | 14.0 | 10.8 | 12.3 | 12.3 | (18.7 | ) | ||||||||||||||||||||||||||||||||
Debt to Capital Ratio,
excluding securitization debt (%)
|
52.7 | 53.7 | 52.7 | 51.9 | 51.9 | 51.5 | 50.5 | 51.0 | 52.4 | 52.4 | (1.0 | ) | ||||||||||||||||||||||||||||||||
Net Debt to Net Capital Ratio,
excluding securitization debt (%)
|
52.4 | 53.3 | 52.1 | 50.5 | 50.5 | 50.2 | 50.0 | 49.4 | 51.4 | 51.4 | (1.8 | ) | ||||||||||||||||||||||||||||||||
(a) Rolling twelve months. Totals may not foot due to rounding.
|
||||||||||||||||||||||||||||||||||||||||||||
UTILITY ANNUAL FINANCIAL METRICS
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
As-Reported Net Income ($ millions)
|
828.9 | 943.0 | 1,106.5 | 812.4 | 691.6 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
5.9 | 6.9 | 8.3 | 6.9 | 6.4 | |||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
9.6 | 11.8 | 14.8 | 11.4 | 10.1 | |||||||||||||||
Debt to Capital Ratio (%)
|
54.0 | 54.9 | 54.0 | 54.3 | 55.6 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Operational Earnings ($ millions)
|
857.8 | 980.1 | 1,106.5 | 812.4 | 691.6 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
6.1 | 7.1 | 8.3 | 6.9 | 6.4 | |||||||||||||||
Return on Average Common Equity – Operational (%)
|
10.0 | 12.3 | 14.8 | 11.4 | 10.1 | |||||||||||||||
Debt to Capital Ratio, excluding securitization debt (%)
|
51.9 | 52.4 | 50.9 | 51.6 | 53.2 | |||||||||||||||
Net Debt to Net Capital Ratio, excluding securitization debt (%)
|
50.5 | 51.4 | 49.8 | 48.9 | 49.2 | |||||||||||||||
UTILITY SECURITIES RATINGS (OUTLOOK)
|
|||||||||||
MORTGAGE BONDS
|
PREFERRED STOCK
|
||||||||||
As of June 2014
|
MOODY’S
|
S&P
|
MOODY’S
|
S&P
|
|||||||
Entergy Arkansas, Inc.
|
A3 (stable)
|
A- (stable)
|
Ba1
|
BB+
|
|||||||
Entergy Gulf States Louisiana, L.L.C.
|
A2 (stable)
|
A- (stable)
|
Baa3
|
BB+
|
|||||||
Entergy Louisiana, LLC
|
A2 (stable)
|
A- (stable)
|
Baa3
|
BB+
|
|||||||
Entergy Mississippi, Inc.
|
A3 (stable)
|
A- (stable)
|
Ba1
|
BB+
|
|||||||
Entergy New Orleans, Inc.
|
Baa3 (stable)
|
A- (stable)
|
B1
|
BB+
|
|||||||
Entergy Texas, Inc.
|
Baa1 (stable)
|
A- (stable)
|
n/a
|
n/a
|
|||||||
System Energy Resources, Inc.
|
Baa1 (stable)
|
A- (stable)
|
n/a
|
n/a
|
|||||||
UTILITY HISTORICAL CAPITAL EXPENDITURES(a)
|
|||||||||||
($ millions)
|
2013
|
2012
|
2011
|
2010
|
2009
|
||||||
Entergy Arkansas
|
489
|
615
|
383
|
291
|
264
|
||||||
Entergy Gulf States Louisiana
|
267
|
284
|
219
|
237
|
274
|
||||||
Entergy Louisiana
|
711
|
787
|
734
|
428
|
468
|
||||||
Entergy Mississippi
|
168
|
378
|
166
|
224
|
131
|
||||||
Entergy New Orleans
|
89
|
86
|
57
|
80
|
62
|
||||||
Entergy Texas
|
182
|
181
|
173
|
163
|
188
|
||||||
System Energy Resources
|
52
|
450
|
235
|
56
|
91
|
||||||
Other(b)
|
69
|
60
|
79
|
96
|
94
|
||||||
Total
|
2,027
|
2,841
|
2,046
|
1,575
|
1,572
|
||||||
(a) Historical capital expenditures include storm capital spending.
|
|||||||||||
(b) Corresponds to Entergy Services, Inc., Entergy Operations, Inc., and System Fuels, Inc.
|
|||||||||||
|
|
UTILITY SELECTED DATA
|
||||||||||
UTILITY PLANNED CAPITAL EXPENDITURES (as of June 2014)
|
||||||||||
2014
|
||||||||||
|
Entergy
|
Entergy Gulf
|
Entergy
|
Entergy
|
Entergy
|
Entergy
|
System Energy
|
Entergy
|
||
($ millions)
|
Arkansas
|
States Louisiana
|
Louisiana
|
Mississippi
|
New Orleans
|
Texas
|
Resources
|
Services
|
Utility
|
|
Planned construction and capital investment:
|
||||||||||
Generation
|
135
|
100
|
250
|
55
|
-
|
55
|
65
|
-
|
660
|
|
Transmission
|
130
|
115
|
160
|
35
|
15
|
65
|
-
|
20
|
540
|
|
Distribution
|
235
|
75
|
145
|
110
|
35
|
85
|
-
|
-
|
685
|
|
Other
|
25
|
20
|
20
|
10
|
25
|
10
|
5
|
45
|
160
|
|
Total Planned Capital Expenditures
|
525
|
310
|
575
|
210
|
75
|
215
|
70
|
65
|
2,045
|
|
Totals may not foot due to rounding.
|
||||||||||
2015
|
||||||||||
|
Entergy
|
Entergy Gulf
|
Entergy
|
Entergy
|
Entergy
|
Entergy
|
System Energy
|
Entergy
|
||
($ millions)
|
Arkansas
|
States Louisiana
|
Louisiana
|
Mississippi
|
New Orleans
|
Texas
|
Resources
|
Services
|
Utility
|
|
Planned construction and capital investment:
|
||||||||||
Generation
|
145
|
75
|
170
|
25
|
-
|
25
|
50
|
-
|
490
|
|
Transmission
|
195
|
130
|
80
|
75
|
20
|
135
|
-
|
10
|
645
|
|
Distribution
|
160
|
65
|
130
|
100
|
30
|
80
|
-
|
-
|
565
|
|
Other
|
15
|
25
|
20
|
20
|
25
|
30
|
5
|
40
|
180
|
|
Total Planned Capital Expenditures
|
515
|
295
|
400
|
220
|
75
|
270
|
55
|
50
|
1,880
|
|
Totals may not foot due to rounding.
|
||||||||||
2016
|
||||||||||
|
Entergy
|
Entergy Gulf
|
Entergy
|
Entergy
|
Entergy
|
Entergy
|
System Energy
|
Entergy
|
||
($ millions)
|
Arkansas
|
States Louisiana
|
Louisiana
|
Mississippi
|
New Orleans
|
Texas
|
Resources
|
Services
|
Utility
|
|
Planned construction and capital investment:
|
||||||||||
Generation
|
180
|
90
|
195
|
35
|
-
|
45
|
55
|
5
|
605
|
|
Transmission
|
135
|
130
|
75
|
115
|
15
|
135
|
-
|
-
|
605
|
|
Distribution
|
160
|
75
|
135
|
95
|
25
|
90
|
-
|
-
|
580
|
|
Other
|
15
|
20
|
15
|
15
|
25
|
20
|
5
|
35
|
150
|
|
Total Planned Capital Expenditures
|
490
|
315
|
420
|
260
|
65
|
290
|
60
|
40
|
1,940
|
|
Totals may not foot due to rounding.
|
||||||||||
2014 - 2016
|
||||||||||
Entergy
|
Entergy Gulf
|
Entergy
|
Entergy
|
Entergy
|
Entergy
|
System Energy
|
Entergy
|
|||
($ millions)
|
Arkansas
|
States Louisiana
|
Louisiana
|
Mississippi
|
New Orleans
|
Texas
|
Resources
|
Services
|
Utility
|
|
Total Planned Capital Expenditures
|
1,530
|
920
|
1,395
|
690
|
215
|
775
|
185
|
155
|
5,865
|
|
UTILITY FINANCIAL RESULTS
|
||||||||||||||||||||||||||||||||||||
2013 UTILITY CONSOLIDATING INCOME STATEMENT (unaudited)
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
In thousands, for the year ending December 31, 2013.
|
EAI
|
EGSL
|
ELL
|
EMI
|
ENOI
|
ETI
|
SERI
|
OTHER/
ELIMINATIONS(a)
|
UTILITY
|
|||||||||||||||||||||||||||
OPERATING REVENUES:
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Electric
|
$ | 2,190,159 | $ | 1,881,895 | $ | 2,626,935 | $ | 1,334,540 | $ | 525,041 | $ | 1,728,799 | $ | 735,089 | $ | (2,075,025 | ) | $ | 8,947,433 | |||||||||||||||||
Natural gas
|
- | 59,238 | - | - | 95,115 | - | - | - | $ | 154,353 | ||||||||||||||||||||||||||
Total
|
2,190,159 | 1,941,133 | 2,626,935 | 1,334,540 | 620,156 | 1,728,799 | 735,089 | (2,075,025 | ) | $ | 9,101,786 | |||||||||||||||||||||||||
OPERATING EXPENSES:
|
||||||||||||||||||||||||||||||||||||
Operation and maintenance:
|
||||||||||||||||||||||||||||||||||||
Fuel, fuel-related expenses, and gas purchased for resale
|
426,316 | 286,625 | 570,956 | 328,934 | 116,715 | 207,310 | 103,358 | (3,465 | ) | $ | 2,036,749 | |||||||||||||||||||||||||
Purchased power
|
473,326 | 731,611 | 850,998 | 375,745 | 253,202 | 857,512 | - | (2,046,751 | ) | $ | 1,495,643 | |||||||||||||||||||||||||
Nuclear refueling outage expenses
|
40,499 | 20,345 | 34,566 | - | - | - | 29,551 | (1 | ) | $ | 124,960 | |||||||||||||||||||||||||
Asset impairments and related charges
|
- | - | - | - | - | - | - | 9,411 | $ | 9,411 | ||||||||||||||||||||||||||
Other operation and maintenance
|
592,892 | 398,589 | 480,166 | 261,832 | 136,003 | 253,786 | 174,772 | (34,146 | ) | $ | 2,263,894 | |||||||||||||||||||||||||
Decommissioning
|
43,058 | 15,908 | 21,612 | - | - | - | 35,472 | 762 | $ | 116,812 | ||||||||||||||||||||||||||
Taxes other than income taxes
|
89,471 | 80,307 | 74,241 | 83,630 | 48,659 | 63,823 | 25,537 | 4,301 | $ | 469,969 | ||||||||||||||||||||||||||
Depreciation and amortization
|
230,512 | 150,929 | 242,787 | 108,714 | 37,717 | 94,744 | 176,387 | (759 | ) | $ | 1,041,031 | |||||||||||||||||||||||||
Other regulatory charges (credits) – net
|
(10,975 | ) | 9,482 | (3,785 | ) | (14,545 | ) | 996 | 77,491 | (13,068 | ) | 1 | $ | 45,597 | ||||||||||||||||||||||
Total
|
1,885,099 | 1,693,796 | 2,271,541 | 1,144,310 | 593,292 | 1,554,666 | 532,009 | (2,070,647 | ) | $ | 7,604,066 | |||||||||||||||||||||||||
OPERATING INCOME
|
305,060 | 247,337 | 355,394 | 190,230 | 26,864 | 174,133 | 203,080 | (4,378 | ) | $ | 1,497,720 | |||||||||||||||||||||||||
OTHER INCOME:
|
||||||||||||||||||||||||||||||||||||
Allowance for equity funds used during construction
|
10,913 | 8,062 | 31,544 | 2,182 | 920 | 4,647 | 7,784 | 1 | $ | 66,053 | ||||||||||||||||||||||||||
Interest and investment income
|
30,148 | 52,953 | 91,599 | 817 | 89 | 1,369 | 9,844 | (95 | ) | $ | 186,724 | |||||||||||||||||||||||||
Miscellaneous – net
|
(4,275 | ) | (11,567 | ) | (3,990 | ) | (3,821 | ) | (1,401 | ) | (3,328 | ) | (804 | ) | (6 | ) | $ | (29,192 | ) | |||||||||||||||||
Total
|
36,786 | 49,448 | 119,153 | (822 | ) | (392 | ) | 2,688 | 16,824 | (100 | ) | $ | 223,585 | |||||||||||||||||||||||
INTEREST EXPENSE:
|
||||||||||||||||||||||||||||||||||||
Interest expense
|
91,318 | 81,118 | 153,529 | 59,031 | 13,675 | 92,156 | 38,173 | 5,673 | $ | 534,673 | ||||||||||||||||||||||||||
Allowance for borrowed funds used during construction
|
(3,207 | ) | (2,814 | ) | (13,323 | ) | (1,539 | ) | (505 | ) | (3,324 | ) | (786 | ) | (2 | ) | $ | (25,500 | ) | |||||||||||||||||
Total
|
88,111 | 78,304 | 140,206 | 57,492 | 13,170 | 88,832 | 37,387 | 5,671 | $ | 509,173 | ||||||||||||||||||||||||||
INCOME BEFORE INCOME TAXES
|
253,735 | 218,481 | 334,341 | 131,916 | 13,302 | 87,989 | 182,517 | (10,149 | ) | $ | 1,212,132 | |||||||||||||||||||||||||
Income taxes
|
91,787 | 56,819 | 81,877 | 49,757 | 1,619 | 30,108 | 68,853 | (14,903 | ) | $ | 365,917 | |||||||||||||||||||||||||
CONSOLIDATED NET INCOME
|
161,948 | 161,662 | 252,464 | 82,159 | 11,683 | 57,881 | 113,664 | 4,754 | $ | 846,215 | ||||||||||||||||||||||||||
Preferred dividend requirements and other
|
6,873 | 825 | 6,950 | 2,828 | 965 | - | - | (1,112 | ) | $ | 17,329 | |||||||||||||||||||||||||
EARNINGS APPLICABLE TO
|
||||||||||||||||||||||||||||||||||||
COMMON STOCK/EQUITY
|
$ | 155,075 | $ | 160,837 | $ | 245,514 | $ | 79,331 | $ | 10,718 | $ | 57,881 | $ | 113,664 | $ | 5,866 | $ | 828,886 | ||||||||||||||||||
(a) Reflects other Entergy subsidiaries, including EGS Holdings, Inc. and Entergy Louisiana Holdings, Inc., the respective parent companies of EGSL and ELL, as well as Entergy Services, Inc. and the elimination of intercompany
|
||||||||||||||||||||||||||||||||||||
transactions.
|
||||||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
UTILITY FINANCIAL RESULTS
|
||||||||||||||||||||||||||||||||||||
2013 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
In thousands, as of December 31, 2013.
|
EAI
|
EGSL
|
ELL
|
EMI
|
ENOI
|
ETI
|
SERI
|
OTHER/
ELIMINATIONS(a)
|
UTILITY
|
|||||||||||||||||||||||||||
ASSETS
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||
CURRENT ASSETS:
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||
Cash and cash equivalents:
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||
Cash
|
4,181 | 1,739 | 427 | 22 | 317 | 2,432 | 62,561 | $ | 48,102 | 119,781 | ||||||||||||||||||||||||||
Temporary cash investments
|
122,841 | 13,842 | 123,580 | 9 | 33,172 | 44,056 | 64,581 | 29,355 | 431,436 | |||||||||||||||||||||||||||
Total cash and cash equivalents
|
127,022 | 15,581 | 124,007 | 31 | 33,489 | 46,488 | 127,142 | 77,457 | 551,217 | |||||||||||||||||||||||||||
Securitization recovery trust account
|
3,835 | - | 4,539 | - | - | 37,511 | - | - | 45,885 | |||||||||||||||||||||||||||
Accounts receivable:
|
||||||||||||||||||||||||||||||||||||
Customer
|
102,328 | 69,648 | 144,836 | 76,534 | 38,872 | 76,957 | - | 1 | 509,176 | |||||||||||||||||||||||||||
Allowance for doubtful accounts
|
(30,113 | ) | (909 | ) | (965 | ) | (906 | ) | (974 | ) | (443 | ) | - | (1 | ) | (34,311 | ) | |||||||||||||||||||
Associated companies
|
68,875 | 107,723 | 87,820 | 13,794 | 32,273 | 76,494 | 104,419 | (443,511 | ) | 47,887 | ||||||||||||||||||||||||||
Other
|
94,256 | 22,945 | 21,420 | 9,117 | 2,667 | 10,897 | 6,400 | 16,938 | 184,640 | |||||||||||||||||||||||||||
Accrued unbilled revenues
|
82,298 | 58,867 | 93,073 | 44,777 | 18,745 | 43,067 | - | 1 | 340,828 | |||||||||||||||||||||||||||
Total account receivable
|
317,644 | 258,274 | 346,184 | 143,316 | 91,583 | 206,972 | 110,819 | (426,572 | ) | 1,048,220 | ||||||||||||||||||||||||||
Deferred fuel costs
|
68,696 | 9,625 | - | 38,057 | - | - | - | 1 | 116,379 | |||||||||||||||||||||||||||
Accumulated deferred income taxes
|
33,556 | - | 100,022 | - | 12,018 | - | - | 49,434 | 195,030 | |||||||||||||||||||||||||||
Fuel inventory – at average cost
|
41,504 | 26,555 | 23,311 | 48,899 | 2,999 | 55,335 | - | 1 | 198,604 | |||||||||||||||||||||||||||
Materials and supplies – at average cost
|
152,429 | 122,909 | 156,487 | 40,849 | 11,696 | 34,068 | 85,118 | 1 | 603,557 | |||||||||||||||||||||||||||
Deferred nuclear refueling outage costs
|
31,135 | 25,975 | 13,670 | - | - | - | 7,853 | - | 78,633 | |||||||||||||||||||||||||||
System agreement cost equalization
|
30,000 | - | - | 15,000 | - | 16,040 | - | - | 61,040 | |||||||||||||||||||||||||||
Prepaid taxes
|
- | 22,008 | 184,503 | - | - | 55,635 | - | (262,146 | ) | - | ||||||||||||||||||||||||||
Gas hedge contracts
|
- | 2,238 | 2,889 | - | - | - | - | (5,127 | ) | - | ||||||||||||||||||||||||||
Prepayments and other
|
58,911 | 12,452 | 15,223 | 4,813 | 4,178 | 34,458 | 1,727 | 124,145 | 255,907 | |||||||||||||||||||||||||||
Total
|
864,732 | 495,617 | 970,835 | 290,965 | 155,963 | 486,507 | 332,659 | (442,806 | ) | 3,154,472 | ||||||||||||||||||||||||||
OTHER PROPERTY AND INVESTMENTS:
|
||||||||||||||||||||||||||||||||||||
Investment in affiliates – at equity
|
- | 289,664 | 807,423 | - | - | 687 | - | (504 | ) | 1,097,270 | ||||||||||||||||||||||||||
Decommissioning trust funds
|
710,913 | 573,744 | 347,274 | - | - | - | 603,896 | (1 | ) | 2,235,826 | ||||||||||||||||||||||||||
Non-utility property – at cost (less accumulated depreciation)
|
1,664 | 174,134 | 396 | 4,670 | 1,016 | 376 | - | 209 | 182,465 | |||||||||||||||||||||||||||
Storm reserve escrow account
|
- | 21,538 | - | - | 10,513 | - | - | (32,051 | ) | - | ||||||||||||||||||||||||||
Escrow accounts
|
- | - | - | 51,795 | - | - | - | (51,795 | ) | - | ||||||||||||||||||||||||||
Other
|
29,181 | 14,145 | - | - | - | 18,161 | - | 88,528 | 150,015 | |||||||||||||||||||||||||||
Total
|
741,758 | 1,073,225 | 1,155,093 | 56,465 | 11,529 | 19,224 | 603,896 | 4,386 | 3,665,576 | |||||||||||||||||||||||||||
PROPERTY, PLANT AND EQUIPMENT
|
||||||||||||||||||||||||||||||||||||
Electric
|
8,798,458 | 7,400,689 | 8,799,393 | 3,875,737 | 889,629 | 3,616,061 | 4,124,647 | 538,900 | 38,043,514 | |||||||||||||||||||||||||||
Property under capital lease
|
1,064 | - | 331,895 | 5,329 | - | - | 570,872 | 32,139 | 941,299 | |||||||||||||||||||||||||||
Natural gas
|
- | 143,902 | - | - | 222,463 | - | - | - | 366,365 | |||||||||||||||||||||||||||
Construction work in progress
|
209,036 | 105,314 | 672,883 | 37,316 | 29,312 | 94,743 | 29,061 | 39,473 | 1,217,138 | |||||||||||||||||||||||||||
Nuclear fuel
|
321,901 | 196,508 | 147,385 | - | - | - | 188,824 | (1 | ) | 854,617 | ||||||||||||||||||||||||||
Total property, plant and equipment
|
9,330,459 | 7,846,413 | 9,951,556 | 3,918,382 | 1,141,404 | 3,710,804 | 4,913,404 | 610,511 | 41,422,933 | |||||||||||||||||||||||||||
Less – accumulated depreciation and amortization
|
4,034,880 | 4,071,762 | 3,763,234 | 1,413,484 | 566,948 | 1,387,303 | 2,699,263 | 262,638 | 18,199,512 | |||||||||||||||||||||||||||
Property, plant and equipment – net
|
5,295,579 | 3,774,651 | 6,188,322 | 2,504,898 | 574,456 | 2,323,501 | 2,214,141 | 347,873 | 23,223,421 | |||||||||||||||||||||||||||
DEFERRED DEBITS AND OTHER ASSETS:
|
||||||||||||||||||||||||||||||||||||
Regulatory assets:
|
||||||||||||||||||||||||||||||||||||
Regulatory asset for income taxes - net
|
73,864 | 165,456 | 309,617 | 58,716 | - | 129,069 | 115,492 | (2,496 | ) | 849,718 | ||||||||||||||||||||||||||
Other regulatory assets (includes securitization property of
|
||||||||||||||||||||||||||||||||||||
$822,218 as of December 31, 2013)
|
1,014,392 | 321,466 | 715,503 | 318,462 | 137,191 | 919,234 | 261,740 | 205,375 | 3,893,363 | |||||||||||||||||||||||||||
Deferred fuel costs
|
- | 100,124 | 67,998 | - | 4,080 | - | - | - | 172,202 | |||||||||||||||||||||||||||
Long-term receivables - associated companies
|
- | - | - | - | - | 27,900 | - | (27,900 | ) | - | ||||||||||||||||||||||||||
Goodwill
|
- | - | - | - | - | - | - | 374,099 | 374,099 | |||||||||||||||||||||||||||
Accumulated deferred income taxes
|
- | - | - | - | - | - | - | 9,117 | 9,117 | |||||||||||||||||||||||||||
Other
|
44,565 | 12,049 | 43,025 | 20,819 | 5,577 | 16,425 | 15,996 | 39,161 | 197,617 | |||||||||||||||||||||||||||
Total
|
1,132,821 | 599,095 | 1,136,143 | 397,997 | 146,848 | 1,092,628 | 393,228 | 597,356 | 5,496,116 | |||||||||||||||||||||||||||
TOTAL ASSETS
|
8,034,890 | 5,942,588 | 9,450,393 | 3,250,325 | 888,796 | 3,921,860 | 3,543,924 | 506,809 | 35,539,585 | |||||||||||||||||||||||||||
(a) Reflects other Entergy subsidiaries, including EGS Holdings, Inc. and Entergy Louisiana Holdings, Inc., the respective parent companies of EGSL and ELL, as well as Entergy Services, Inc. and the elimination of
|
||||||||||||||||||||||||||||||||||||
intercompany transactions.
|
||||||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||||||||||||||||||
UTILITY FINANCIAL RESULTS
|
||||||||||||||||||||||||||||||||||||
2013 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
In thousands, as of December 31, 2013.
|
EAI
|
EGSL
|
ELL
|
EMI
|
ENOI
|
ETI
|
SERI
|
OTHER/
ELIMINATIONS(a)
|
UTILITY
|
|||||||||||||||||||||||||||
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||
CURRENT LIABILITIES:
|
||||||||||||||||||||||||||||||||||||
Currently maturing long-term debt
|
$ | 70,000 | $ | - | $ | 320,231 | $ | - | $ | - | $ | - | $ | 48,653 | $ | - | $ | 438,884 | ||||||||||||||||||
Notes payable and commercial paper:
|
||||||||||||||||||||||||||||||||||||
Other
|
- | - | 2,923 | - | - | - | - | 17 | $ | 2,940 | ||||||||||||||||||||||||||
Accounts payable:
|
||||||||||||||||||||||||||||||||||||
Associated companies
|
149,802 | 95,853 | 83,655 | 74,144 | 36,193 | 112,309 | 12,778 | (548,898 | ) | $ | 15,836 | |||||||||||||||||||||||||
Other
|
228,160 | 103,314 | 162,507 | 52,129 | 27,840 | 73,682 | 31,862 | 237,122 | $ | 916,616 | ||||||||||||||||||||||||||
Customer deposits
|
86,512 | 51,839 | 90,393 | 74,211 | 22,959 | 38,721 | - | 6,362 | $ | 370,997 | ||||||||||||||||||||||||||
Taxes accrued
|
9,979 | - | - | 53,247 | 1,509 | - | 11,121 | (75,856 | ) | $ | - | |||||||||||||||||||||||||
Accumulated deferred income taxes
|
9,231 | 36,330 | 338 | 15,413 | - | 33,847 | 2,310 | (6 | ) | $ | 97,463 | |||||||||||||||||||||||||
Interest accrued
|
22,036 | 25,808 | 42,072 | 20,383 | 3,598 | 31,246 | 11,825 | - | $ | 156,968 | ||||||||||||||||||||||||||
Deferred fuel costs
|
- | - | 30,392 | - | 23,145 | 4,093 | - | 1 | $ | 57,631 | ||||||||||||||||||||||||||
Obligations under capital leases
|
- | - | - | - | - | - | - | 2,323 | $ | 2,323 | ||||||||||||||||||||||||||
Pension and other postretirement liabilities
|
- | 9,065 | 10,255 | - | - | 786 | - | 38,614 | $ | 58,720 | ||||||||||||||||||||||||||
System agreement cost equalization
|
- | 15,000 | 17,000 | - | 17,040 | 12,000 | - | - | $ | 61,040 | ||||||||||||||||||||||||||
Other
|
55,656 | 19,032 | 19,443 | 19,021 | 4,387 | 23,490 | 2,312 | (1,916 | ) | $ | 141,425 | |||||||||||||||||||||||||
Total
|
631,376 | 356,241 | 779,209 | 308,548 | 136,671 | 330,174 | 120,861 | (342,237 | ) | 2,320,843 | ||||||||||||||||||||||||||
NON-CURRENT LIABILITIES:
|
||||||||||||||||||||||||||||||||||||
Accumulated deferred income taxes and taxes accrued
|
1,906,562 | 1,512,547 | 1,275,584 | 746,939 | 183,636 | 1,022,955 | 737,973 | (45,929 | ) | $ | 7,340,267 | |||||||||||||||||||||||||
Accumulated deferred investment tax credits
|
38,958 | 75,295 | 67,347 | 8,530 | 1,082 | 16,147 | 54,786 | 1,620 | $ | 263,765 | ||||||||||||||||||||||||||
Obligations under capital leases
|
- | - | - | 4,185 | - | - | - | 28,033 | $ | 32,218 | ||||||||||||||||||||||||||
Regulatory liability for income taxes - net
|
- | - | - | - | 2,495 | - | - | (2,495 | ) | $ | - | |||||||||||||||||||||||||
Other regulatory liabilities
|
219,370 | 159,429 | 533,247 | 2,509 | 26,361 | 5,194 | 349,846 | (1 | ) | $ | 1,295,955 | |||||||||||||||||||||||||
Decommissioning and asset retirement cost liabilities
|
723,771 | 403,084 | 479,086 | 6,401 | 2,347 | 4,349 | 616,157 | (1 | ) | $ | 2,235,194 | |||||||||||||||||||||||||
Accumulated provisions
|
5,746 | 37,146 | 7,733 | 35,674 | 15,000 | 9,079 | - | 521 | $ | 110,899 | ||||||||||||||||||||||||||
Pension and other postretirement liabilities
|
319,211 | 274,315 | 358,017 | 66,722 | 32,497 | 51,253 | 79,411 | 527,213 | $ | 1,708,639 | ||||||||||||||||||||||||||
Long-term debt (includes securitization bonds
|
||||||||||||||||||||||||||||||||||||
of $883,013 as of December 31, 2013)
|
2,335,802 | 1,527,465 | 2,899,285 | 1,053,670 | 225,944 | 1,556,939 | 708,783 | - | $ | 10,307,888 | ||||||||||||||||||||||||||
Long-term payables - associated companies
|
- | 27,900 | - | - | - | - | - | (27,900 | ) | $ | - | |||||||||||||||||||||||||
Gas system rebuild insurance proceeds
|
- | - | - | - | 32,760 | - | - | (32,760 | ) | $ | - | |||||||||||||||||||||||||
Other
|
18,026 | 108,189 | 75,233 | 15,189 | 3,940 | 38,743 | - | 482,056 | $ | 741,376 | ||||||||||||||||||||||||||
Total
|
5,567,446 | 4,125,370 | 5,695,532 | 1,939,819 | 526,062 | 2,704,659 | 2,546,956 | 930,357 | 24,036,201 | |||||||||||||||||||||||||||
Commitments and Contingencies
|
||||||||||||||||||||||||||||||||||||
Subsidiaries preferred stock without sinking fund
|
116,350 | - | - | 50,381 | 19,780 | - | - | - | $ | 186,511 | ||||||||||||||||||||||||||
EQUITY:
|
||||||||||||||||||||||||||||||||||||
Common stock or members’ equity
|
470 | 1,479,179 | 2,885,287 | 199,326 | 33,744 | 49,452 | 789,350 | (3,275,540 | ) | $ | 2,161,268 | |||||||||||||||||||||||||
Paid-in capital/capital stock expense and other
|
588,471 | - | - | (690 | ) | 36,294 | 481,994 | - | 1,311,601 | $ | 2,417,670 | |||||||||||||||||||||||||
Retained earnings
|
1,130,777 | - | - | 752,941 | 136,245 | 355,581 | 86,757 | 2,056,440 | $ | 4,518,741 | ||||||||||||||||||||||||||
Accumulated other comprehensive income (loss)
|
- | (28,202 | ) | (9,635 | ) | - | - | - | - | (37,812 | ) | $ | (75,649 | ) | ||||||||||||||||||||||
Less – treasury stock, at cost
|
- | - | - | - | - | - | - | 120,000 | $ | 120,000 | ||||||||||||||||||||||||||
Total
|
1,719,718 | 1,450,977 | 2,875,652 | 951,577 | 206,283 | 887,027 | 876,107 | (65,311 | ) | 8,902,030 | ||||||||||||||||||||||||||
Preferred membership interests without sinking fund
|
- | 10,000 | 100,000 | - | - | - | - | (16,000 | ) | $ | 94,000 | |||||||||||||||||||||||||
Total
|
1,719,718 | 1,460,977 | 2,975,652 | 951,577 | 206,283 | 887,027 | 876,107 | (81,311 | ) | 8,996,030 | ||||||||||||||||||||||||||
TOTAL LIABILITIES AND EQUITY
|
$ | 8,034,890 | $ | 5,942,588 | $ | 9,450,393 | $ | 3,250,325 | $ | 888,796 | $ | 3,921,860 | $ | 3,543,924 | $ | 506,809 | $ | 35,539,585 | ||||||||||||||||||
(a) Reflects other Entergy subsidiaries, including EGS Holdings, Inc. and Entergy Louisiana Holdings, Inc., the respective parent companies of EGSL and ELL, as well as Entergy Services, Inc. and the elimination of
|
||||||||||||||||||||||||||||||||||||
intercompany transactions.
|
||||||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
UTILITY FINANCIAL RESULTS
|
||||||||||||||||||||
UTILITY SELECTED ANNUAL FINANCIAL METRICS
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ENTERGY ARKANSAS, INC.
|
||||||||||||||||||||
As-Reported Earnings ($ millions)
|
155.1 | 145.5 | 158.0 | 165.7 | 60.0 | |||||||||||||||
Less Special Items ($ millions)
|
(2.8 | ) | (13.0 | ) | - | - | - | |||||||||||||
Operational Earnings ($ millions)
|
157.9 | 158.5 | 158.0 | 165.7 | 60.0 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
9.4 | 9.6 | 11.1 | 11.8 | 4.3 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
5.3 | 5.5 | 6.2 | 6.7 | 3.7 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
5.6 | 7.3 | 7.9 | 6.7 | 5.3 | |||||||||||||||
Debt to Capital Ratio (%)
|
56.7 | 56.0 | 55.0 | 55.9 | 54.0 | |||||||||||||||
Total Debt ($ millions)
|
2,407 | 2,162 | 1,911 | 1,928 | 1,793 | |||||||||||||||
Total Preferred ($ millions)
|
116 | 116 | 116 | 116 | 116 | |||||||||||||||
Total Equity ($ millions)
|
1,720 | 1,580 | 1,444 | 1,404 | 1,412 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – Operational (%)
|
9.6 | 10.5 | 11.1 | 11.8 | 4.3 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
5.5 | 6.0 | 6.4 | 6.8 | 3.7 | |||||||||||||||
Total Debt, excluding securitization debt ($ millions)
|
2,318 | 2,060 | 1,797 | 1,804 | 1,793 | |||||||||||||||
Debt to Capital Ratio, excluding securitization debt (%)
|
55.8 | 54.8 | 53.5 | 54.3 | 54.0 | |||||||||||||||
Net Debt to Net Capital Ratio, excluding securitization debt (%)
|
54.4 | 54.4 | 53.2 | 52.8 | 52.8 | |||||||||||||||
ENTERGY GULF STATES LOUISIANA, L.L.C.
|
||||||||||||||||||||
As-Reported Earnings ($ millions)
|
160.8 | 158.2 | 200.8 | 173.5 | 152.5 | |||||||||||||||
Less Special Items ($ millions)
|
(5.2 | ) | (4.6 | ) | - | - | - | |||||||||||||
Operational Earnings ($ millions)
|
166.0 | 162.8 | 200.8 | 173.5 | 152.5 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
11.4 | 11.7 | 14.5 | 12.1 | 11.3 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
7.1 | 7.2 | 8.5 | 7.5 | 6.7 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
6.5 | 5.3 | 7.0 | 8.4 | 3.1 | |||||||||||||||
Debt to Capital Ratio (%)
|
51.1 | 52.3 | 53.6 | 52.0 | 55.8 | |||||||||||||||
Total Debt ($ millions)
|
1,528 | 1,517 | 1,542 | 1,584 | 1,783 | |||||||||||||||
Total Preferred ($ millions)
|
10 | 10 | 10 | 10 | 10 | |||||||||||||||
Total Equity ($ millions)
|
1,451 | 1,373 | 1,324 | 1,454 | 1,403 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – Operational (%)
|
11.8 | 12.1 | 14.5 | 12.1 | 11.3 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
7.3 | 7.4 | 8.5 | 7.7 | 7.8 | |||||||||||||||
Total Debt, excluding assumption debt ($ millions)
|
1,528 | 1,517 | 1,542 | 1,584 | 1,615 | |||||||||||||||
Debt to Capital Ratio, excluding assumption debt (%)
|
51.1 | 52.3 | 53.6 | 52.0 | 53.3 | |||||||||||||||
Net Debt to Net Capital Ratio, excluding assumption debt (%)
|
50.9 | 51.7 | 53.2 | 49.4 | 51.0 | |||||||||||||||
Certain years were restated to reflect a correction of regulatory asset for
|
||||||||||||||||||||
income taxes determined in first quarter 2012.
|
||||||||||||||||||||
ENTERGY LOUISIANA, LLC
|
||||||||||||||||||||
As-Reported Earnings ($ millions)
|
245.5 | 274.1 | 467.0 | 224.5 | 225.9 | |||||||||||||||
Less Special Items ($ millions)
|
(3.8 | ) | (6.6 | ) | - | - | - | |||||||||||||
Operational Earnings ($ millions)
|
249.3 | 280.7 | 467.0 | 224.5 | 225.9 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Members’ Equity – As-Reported (%)
|
8.4 | 10.1 | 20.7 | 11.7 | 13.2 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
5.6 | 6.5 | 12.1 | 7.6 | 8.2 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
5.7 | 4.9 | 5.9 | 10.4 | 2.3 | |||||||||||||||
Debt to Capital Ratio (%)
|
52.0 | 48.4 | 47.2 | 46.1 | 49.9 | |||||||||||||||
Total Debt ($ millions)
|
3,222 | 2,881 | 2,297 | 1,830 | 1,902 | |||||||||||||||
Total Preferred ($ millions)
|
100 | 100 | 100 | 100 | 100 | |||||||||||||||
Total Equity ($ millions)
|
2,876 | 2,971 | 2,465 | 2,037 | 1,812 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Members’ Equity – Operational (%)
|
8.5 | 10.3 | 20.7 | 11.7 | 13.2 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
5.8 | 6.9 | 12.4 | 7.6 | 8.2 | |||||||||||||||
Total Debt, excluding securitization debt ($ millions)
|
3,058 | 2,699 | 2,090 | 1,830 | 1,902 | |||||||||||||||
Debt to Capital Ratio, excluding securitization debt (%)
|
50.7 | 46.8 | 44.9 | 46.1 | 49.9 | |||||||||||||||
Net Debt to Net Capital Ratio, excluding securitization debt (%)
|
49.6 | 46.5 | 44.9 | 44.4 | 47.8 | |||||||||||||||
UTILITY FINANCIAL RESULTS
|
||||||||||||||||||||
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ENTERGY MISSISSIPPI, INC.
|
|
|
|
|||||||||||||||||
As-Reported Earnings ($ millions)
|
79.3 | 43.9 | 105.9 | 82.5 | 76.5 | |||||||||||||||
Less Special Items ($ millions)
|
(5.4 | ) | (7.5 | ) | - | - | - | |||||||||||||
Operational Earnings ($ millions)
|
84.7 | 51.4 | 105.9 | 82.5 | 76.5 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
8.7 | 5.1 | 13.5 | 11.6 | 11.2 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
5.6 | 4.1 | 8.0 | 7.3 | 7.3 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
4.8 | 4.7 | 3.1 | 3.3 | 5.4 | |||||||||||||||
Debt to Capital Ratio (%)
|
51.4 | 55.9 | 51.2 | 51.7 | 53.4 | |||||||||||||||
Total Debt ($ millions)
|
1,059 | 1,178 | 931 | 839 | 852 | |||||||||||||||
Total Preferred ($ millions)
|
50 | 50 | 50 | 50 | 50 | |||||||||||||||
Total Equity ($ millions)
|
952 | 880 | 836 | 733 | 694 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – Operational (%)
|
9.3 | 6.0 | 13.5 | 11.6 | 11.2 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
5.9 | 4.5 | 8.0 | 7.3 | 7.3 | |||||||||||||||
Net Debt to Net Capital Ratio (%)
|
51.4 | 54.7 | 51.2 | 51.7 | 50.5 | |||||||||||||||
ENTERGY NEW ORLEANS, INC.
|
||||||||||||||||||||
As-Reported Earnings ($ millions)
|
10.7 | 16.1 | 35.0 | 30.1 | 29.5 | |||||||||||||||
Less Special Items ($ millions)
|
(2.9 | ) | (0.9 | ) | - | - | - | |||||||||||||
Operational Earnings ($ millions)
|
13.6 | 17.0 | 35.0 | 30.1 | 29.5 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
5.3 | 8.5 | 19.0 | 15.3 | 14.3 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
4.6 | 6.1 | 11.5 | 8.9 | 8.2 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
7.5 | 5.7 | 5.1 | 4.9 | 9.8 | |||||||||||||||
Debt to Capital Ratio (%)
|
50.0 | 47.7 | 45.3 | 44.6 | 54.8 | |||||||||||||||
Total Debt ($ millions)
|
226 | 196 | 167 | 167 | 272 | |||||||||||||||
Total Preferred ($ millions)
|
20 | 20 | 20 | 20 | 20 | |||||||||||||||
Total Equity ($ millions)
|
206 | 196 | 181 | 188 | 205 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – Operational (%)
|
6.8 | 9.0 | 19.0 | 15.3 | 14.3 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
5.2 | 6.3 | 11.5 | 8.9 | 8.2 | |||||||||||||||
Net Debt to Net Capital Ratio (%)
|
46.0 | 46.5 | 43.8 | 35.1 | 26.5 | |||||||||||||||
ENTERGY TEXAS, INC.
|
||||||||||||||||||||
As-Reported Net Income ($ millions)
|
57.9 | 42.0 | 80.8 | 66.2 | 63.8 | |||||||||||||||
Less Special Items ($ millions)
|
(8.8 | ) | (4.6 | ) | - | - | - | |||||||||||||
Operational Net Income ($ millions)
|
66.7 | 46.6 | 80.8 | 66.2 | 63.8 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
6.6 | 4.8 | 9.4 | 7.9 | 7.3 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
4.6 | 3.9 | 5.4 | 4.9 | 5.4 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
3.7 | 3.9 | 3.6 | 1.4 | 3.7 | |||||||||||||||
Debt to Capital Ratio (%)
|
63.7 | 65.4 | 65.1 | 66.8 | 66.3 | |||||||||||||||
Total Debt ($ millions)
|
1,557 | 1,618 | 1,677 | 1,659 | 1,658 | |||||||||||||||
Total Preferred ($ millions)
|
- | - | - | - | - | |||||||||||||||
Total Equity ($ millions)
|
887 | 854 | 899 | 824 | 844 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – Operational (%)
|
7.7 | 5.3 | 9.4 | 7.9 | 7.3 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
6.8 | 5.5 | 7.8 | 7.3 | 7.1 | |||||||||||||||
Total Debt, excluding securitization debt ($ millions)
|
928 | 928 | 927 | 852 | 820 | |||||||||||||||
Debt to Capital Ratio, excluding securitization debt (%)
|
51.1 | 52.2 | 50.8 | 50.8 | 49.3 | |||||||||||||||
Net Debt to Net Capital Ratio, excluding securitization debt (%)
|
49.8 | 50.4 | 48.9 | 49.8 | 42.3 | |||||||||||||||
UTILITY FINANCIAL RESULTS
|
||||||||||||||||||||
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
SYSTEM ENERGY RESOURCES, INC.
|
||||||||||||||||||||
As-Reported Net Income ($ millions)
|
113.7 | 111.9 | 64.2 | 82.6 | 48.9 | |||||||||||||||
Less Special Items ($ millions)
|
- | - | - | - | - | |||||||||||||||
Operational Net Income ($ millions)
|
113.7 | 111.9 | 64.2 | 82.6 | 48.9 | |||||||||||||||
GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – As-Reported (%)
|
13.3 | 13.7 | 8.0 | 10.1 | 5.8 | |||||||||||||||
Return on Average Invested Capital – As-Reported (%)
|
8.3 | 8.4 | 5.6 | 6.8 | 4.4 | |||||||||||||||
Cash Flow Interest Coverage (# times)
|
8.3 | 11.7 | 11.4 | 5.9 | 10.7 | |||||||||||||||
Debt to Capital Ratio (%)
|
46.4 | 49.7 | 48.3 | 51.7 | 49.7 | |||||||||||||||
Total Debt ($ millions)
|
757 | 824 | 747 | 869 | 820 | |||||||||||||||
Total Preferred ($ millions)
|
- | - | - | - | - | |||||||||||||||
Total Equity ($ millions)
|
876 | 833 | 801 | 812 | 830 | |||||||||||||||
NON-GAAP MEASURES
|
||||||||||||||||||||
Return on Average Common Equity – Operational (%)
|
13.3 | 13.7 | 8.0 | 10.1 | 5.8 | |||||||||||||||
Return on Average Invested Capital – Operational (%)
|
8.3 | 8.4 | 5.6 | 6.8 | 4.4 | |||||||||||||||
Net Debt to Net Capital Ratio (%)
|
41.8 | 47.1 | 41.2 | 42.7 | 40.1 | |||||||||||||||
UTILITY SECURITIES DETAIL
|
||||||||||
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
|
||||||||||
ENTERGY ARKANSAS, INC.
|
||||||||||
BONDS:
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
(in millions)
|
||||||||||
29364DAN0
|
5.40% Series
|
M
|
5.4%
|
08/13
|
$ -
|
$ 300
|
$ 300
|
|||
472712ER5
|
4.6% Series – Jefferson County(c)
|
G(b)
|
4.6%
|
2017
|
-
|
55
|
55
|
|||
472712ES3
|
1.55% Series – Jefferson County(c)
|
G(b)
|
1.55%
|
2017
|
Non-Call Life
|
55
|
||||
29364DAH3
|
5.0% Series(d)
|
M
|
5.0%
|
07/18
|
Now
|
100%
|
115
|
115
|
115
|
|
29364DAQ3
|
3.75% Series
|
M
|
3.75%
|
02/21
|
Now
|
MW (T + .20%)
|
350
|
350
|
350
|
|
29364DAR1
|
3.05% Series
|
M
|
3.05%
|
06/23
|
Now
|
MW (T + .20%)
|
250
|
-
|
-
|
|
453424BP7
|
5.0% Series – Independence County(c)
|
G(b)
|
5.0%
|
2021
|
-
|
45
|
45
|
|||
453424BT9
|
2.38% Series – Independence County(c)
|
G(b)
|
2.38%
|
2021
|
Non-Call Life
|
45
|
||||
29364DAL4
|
5.66% Series
|
M
|
5.66%
|
02/25
|
Now
|
MW (T + .20%)
|
175
|
175
|
175
|
|
29364DAJ9
|
5.9% Series
|
M
|
5.9%
|
06/33
|
Now
|
100%
|
100
|
100
|
100
|
|
29364DAK6
|
6.38% Series
|
M
|
6.38%
|
11/34
|
Now
|
100%
|
60
|
60
|
60
|
|
29364D779
|
5.75% Series
|
M
|
5.75%
|
11/40
|
11/1/15
|
100%
|
225
|
225
|
225
|
|
29364D761
|
4.90% Series
|
M
|
4.9%
|
12/52
|
12/1/17
|
100%
|
200
|
200
|
-
|
|
29364D753
|
4.75% Series
|
M
|
4.75%
|
06/63
|
6/1/18
|
100%
|
125
|
-
|
-
|
|
|
Total bonds
|
|
|
|
|
|
1,700
|
1,625
|
1,425
|
|
OTHER LONG-TERM DEBT:
|
||||||||||
9% Series H – Variable Interest Entity Note Payable
|
9.00%
|
06/13
|
-
|
30
|
30
|
|||||
5.69% Series I – Variable Interest Entity Note Payable
|
5.69%
|
07/14
|
70
|
70
|
70
|
|||||
3.23% Series J – Variable Interest Entity Note Payable
|
3.23%
|
07/16
|
55
|
55
|
55
|
|||||
2.62% Series K – Variable Interest Entity Note Payable
|
2.62%
|
12/17
|
60
|
60
|
-
|
|||||
29365YAA1
|
2.30% Series Senior Secured – Securitization Bond
|
2.30%
|
08/21
|
89
|
102
|
114
|
||||
Long-Term United States Department of Energy Obligation(e)
|
181
|
181
|
181
|
|||||||
Term Loan(f)
|
1.13%
|
01/15
|
250
|
|||||||
Unamortized Premium and Discount – Net
|
(1)
|
(1)
|
(1)
|
|||||||
Other
|
2
|
2
|
2
|
|||||||
TOTAL LONG-TERM DEBT(f)
|
2,406
|
2,124
|
1,876
|
|||||||
Less Amount Due Within One Year
|
70
|
330
|
-
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 2,336
|
$ 1,794
|
$ 1,876
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 2,143
|
$ 1,876
|
$ 1,756
|
|||||||
*M = Mortgage Bond; G = Governmental Bond
|
||||||||||
Weighted-average annualized coupon rate
|
4.0%
|
4.9%
|
5.0%
|
|||||||
(a) The fair value excludes long-term DOE obligations of $181 million at Entergy Arkansas and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy
|
||||||||||
(see pgs. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as benchmark yields and reported trades.
|
||||||||||
(b) Consists of pollution control revenue bonds and environmental revenue bonds.
|
||||||||||
(c) The bonds are secured by a series of collateral first mortgage bonds.
|
||||||||||
(d) The bonds were called in their entirety at par on 4/16/14.
|
||||||||||
(e) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. The contracts include a one-time fee
|
||||||||||
for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee,
|
||||||||||
plus accrued interest, in long-term debt.
|
||||||||||
(f) Term loan was called in its entirety at par on 3/19/14.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
SHARES
|
|||||||||||||||||||||||||||||||||||
|
AUTHORIZED AND OUTSTANDING
|
CALL PRICE PER SHARE
|
|||||||||||||||||||||||||||||||||
PREFERRED STOCK:
|
AS OF DECEMBER 31,
|
AS OF DECEMBER 31,
|
AS OF DECEMBER 31,
|
||||||||||||||||||||||||||||||||
CUSIP
|
RATE
|
2013
|
2012
|
2011
|
2013
|
2012
|
2011
|
2013
|
|||||||||||||||||||||||||||
|
Without sinking fund:
|
|
(in millions)
|
|
|||||||||||||||||||||||||||||||
|
Cumulative, $100 par value:
|
|
|
|
|
||||||||||||||||||||||||||||||
29364D209 |
4.32% Series
|
4.32 | % | 70,000 | 70,000 | 70,000 | $ | 7 | $ | 7 | $ | 7 | $ | 103.65 | |||||||||||||||||||||
29364D506 |
4.72% Series
|
4.72 | % | 93,500 | 93,500 | 93,500 | 9 | 9 | 9 | 107.00 | |||||||||||||||||||||||||
29364D308 |
4.56% Series
|
4.56 | % | 75,000 | 75,000 | 75,000 | 8 | 8 | 8 | 102.83 | |||||||||||||||||||||||||
29364D407 |
4.56% 1965 Series
|
4.56 | % | 75,000 | 75,000 | 75,000 | 8 | 8 | 8 | 102.50 | |||||||||||||||||||||||||
29364D605 |
6.08% Series
|
6.08 | % | 100,000 | 100,000 | 100,000 | 10 | 10 | 10 | 102.83 | |||||||||||||||||||||||||
Cumulative, $25 par value:
|
|||||||||||||||||||||||||||||||||||
29364D787 |
6.45% Series(a)
|
6.45 | % | 3,000,000 | 3,000,000 | 3,000,000 | 75 | 75 | 75 | 25 | |||||||||||||||||||||||||
Total without sinking fund
|
3,413,500 | 3,413,500 | 3,413,500 | $ | 116 | $ | 116 | $ | 116 | ||||||||||||||||||||||||||
(a) Series is callable at par.
|
|||||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
|
||||||||||
ENTERGY GULF STATES LOUISIANA, L.L.C.
|
||||||||||
BONDS:
|
|
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
|
|
|
|
|
|
|
(in millions)
|
|||
546398K23
|
2.875% Series – Louisiana Public Facilities Authority
|
G(b,c)
|
2.875%
|
2015
|
Non-Call Life
|
32
|
32
|
32
|
||
952789AZ8
|
5.8% Series – West Feliciana Parish
|
G(b,c)
|
5.8%
|
2016
|
-
|
-
|
11
|
|||
29365PAN2
|
6.00% Series
|
M
|
6.0%
|
05/18
|
Now
|
MW (T + .40%)
|
375
|
375
|
375
|
|
29365PAQ5
|
3.95% Series
|
M
|
3.95%
|
10/20
|
Now
|
MW (T +. 25%)
|
250
|
250
|
250
|
|
29365PAP7
|
5.59% Series
|
M
|
5.59%
|
10/24
|
Now
|
MW (T + .40%)
|
300
|
300
|
300
|
|
546398J90
|
5.0% Series – Louisiana Public Facilities Authority
|
G(b,c)
|
5.0%
|
2028
|
9/1/15
|
100%
|
84
|
84
|
84
|
|
29364LAL6
|
6.2% Series
|
M
|
6.2%
|
07/33
|
Now
|
100%
|
240
|
240
|
240
|
|
29364LAT9
|
6.18% Series
|
M
|
6.18%
|
03/35
|
Now
|
100%
|
85
|
85
|
85
|
|
Total bonds
|
1,366
|
1,366
|
1,377
|
|||||||
OTHER LONG-TERM DEBT:
|
|
|
||||||||
5.41% Series O – Variable Interest Entity Note Payable
|
5.41%
|
07/12
|
-
|
-
|
60
|
|||||
5.56% Series N – Variable Interest Entity Note Payable
|
5.56%
|
05/13
|
-
|
75
|
75
|
|||||
3.25% Series Q – Variable Interest Entity Note Payable
|
3.25%
|
07/17
|
75
|
75
|
-
|
|||||
3.38% Series R – Variable Interest Entity Note Payable
|
3.38%
|
08/20
|
70
|
-
|
-
|
|||||
Credit Facility – weighted average rate 1.38%
|
1.38%
|
06/16
|
15
|
-
|
29
|
|||||
Unamortized Premium and Discount – Net
|
(2)
|
(2)
|
(2)
|
|||||||
Other
|
4
|
4
|
4
|
|||||||
TOTAL LONG-TERM DEBT
|
1,527
|
1,517
|
1,542
|
|||||||
Less Amount Due Within One Year
|
-
|
75
|
60
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 1,527
|
$ 1,442
|
$ 1,482
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 1,631
|
$ 1,669
|
$ 1,642
|
|||||||
*M = Mortgage Bond; G = Governmental Bond
|
||||||||||
Weighted-average annualized coupon rate
|
5.2%
|
5.3%
|
5.4%
|
|||||||
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy
|
||||||||||
(see pgs. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as benchmark yields and reported trades.
|
||||||||||
(b) Consists of pollution control revenue bonds and environmental revenue bonds.
|
||||||||||
(c) The bonds are secured by a series of collateral first mortgage bonds.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
SHARES/UNITS
|
CALL PRICE
|
||||||||||||||||||||||||||||||||||
|
|
AUTHORIZED AND OUTSTANDING
|
PER SHARE/UNIT
|
||||||||||||||||||||||||||||||||
PREFERRED MEMBERSHIP INTERESTS:
|
AS OF DECEMBER 31, |
AS OF DECEMBER 31,
|
AS OF DECEMBER 31,
|
||||||||||||||||||||||||||||||||
CUSIP
|
RATE
|
2013
|
2012
|
2011
|
2013
|
2012
|
2011
|
2013
|
|||||||||||||||||||||||||||
Without sinking fund:
|
(in millions)
|
||||||||||||||||||||||||||||||||||
Cumulative, $100 liquidation value:
|
|||||||||||||||||||||||||||||||||||
29365P201 |
8.25% Series(a)
|
8.25 | % | 100,000 | 100,000 | 100,000 | $ | 10 | $ | 10 | $ | 10 | - | ||||||||||||||||||||||
Authorized 6,000,000 shares, $100 par value, cumulative
|
|||||||||||||||||||||||||||||||||||
Total without sinking fund
|
100,000 | 100,000 | 100,000 | $ | 10 | $ | 10 | $ | 10 | ||||||||||||||||||||||||||
(a) Series is callable at par on and after December 15, 2015.
|
|||||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
|||||||||||||||||||||||||||||||||||
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
|
||||||||||
ENTERGY LOUISIANA, LLC
|
||||||||||
BONDS:
|
|
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
|
|
|
|
|
|
|
(in millions)
|
|||
29364WAJ7
|
6.50% Series
|
M
|
6.5%
|
09/18
|
Now
|
MW (T + .40%)
|
$ 300
|
$ 300
|
$ 300
|
|
29364WAN8
|
4.8% Series
|
M
|
4.8%
|
05/21
|
Now
|
MW (T + .25%)
|
200
|
200
|
200
|
|
29364WAS7
|
4.05% Series
|
M
|
4.05%
|
09/23
|
Now
|
MW (T + .20%)
|
325
|
-
|
-
|
|
29364WAK4
|
5.40% Series
|
M
|
5.4%
|
11/24
|
Now
|
MW (T + .35%)
|
400
|
400
|
400
|
|
29364WAM0
|
4.44% Series
|
M
|
4.44%
|
01/26
|
Now
|
MW (T + .30%)
|
250
|
250
|
250
|
|
546398J82
|
5.0% Series – Louisiana Public Facilities Authority
|
G(b,c)
|
5.0%
|
2030
|
12/1/15
|
100%
|
115
|
115
|
115
|
|
29364WAB4
|
6.4% Series
|
M
|
6.4%
|
10/34
|
Now
|
100%
|
70
|
70
|
70
|
|
29364WAF5
|
6.3% Series
|
M
|
6.3%
|
09/35
|
Now
|
100%
|
100
|
100
|
100
|
|
29364W306
|
6.0% Series
|
M
|
6.0%
|
03/40
|
3/15/15
|
100%
|
150
|
150
|
150
|
|
29364W405
|
5.875% Series
|
M
|
5.875%
|
06/41
|
11/23/15
|
100%
|
150
|
150
|
150
|
|
29364WAP3
|
1.875% Series
|
M
|
1.875%
|
12/14
|
Now
|
MW (T + .25%)
|
250
|
250
|
-
|
|
29364W504
|
5.25% Series
|
M
|
5.25%
|
07/52
|
7/1/17
|
100%
|
200
|
200
|
-
|
|
29364W603
|
4.7% Series
|
M
|
4.7%
|
06/63
|
6/1/18
|
100%
|
100
|
-
|
-
|
|
29364WAR9
|
3.30% Series
|
M
|
3.3%
|
12/22
|
Now
|
MW (T + .25%)
|
200
|
200
|
-
|
|
|
Total bonds
|
|
|
|
|
|
2,810
|
2,385
|
1,735
|
|
OTHER LONG-TERM DEBT:
|
||||||||||
Waterford 3 Lease Obligation 7.45%
|
7.45%
|
149
|
163
|
188
|
||||||
Bank Credit Facility – weighted average rate 1.67%(d,e)
|
1.67%
|
03/19
|
-
|
50
|
||||||
5.69% Series E – Variable Interest Entity Note Payable
|
5.69%
|
07/14
|
50
|
50
|
50
|
|||||
3.30% Series F – Variable Interest Entity Note Payable
|
3.30%
|
03/16
|
20
|
20
|
20
|
|||||
3.25% Series G – Variable Interest Entity Note Payable
|
3.25%
|
07/17
|
25
|
25
|
-
|
|||||
29366AAA2
|
2.04% Series Senior Secured - Securitization Bond
|
2.04%
|
09/23
|
165
|
182
|
207
|
||||
Unamortized Premium and Discount – Net
|
(3)
|
(2)
|
(2)
|
|||||||
Other
|
4
|
4
|
4
|
|||||||
TOTAL LONG-TERM DEBT(d)
|
3,220
|
2,826
|
2,252
|
|||||||
Less Amount Due Within One Year
|
320
|
14
|
75
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 2,889
|
$ 2,812
|
$ 2,177
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 3,149
|
$ 2,921
|
$ 2,211
|
|||||||
*M = Mortgage Bond; G = Governmental Bond
|
|
|
||||||||
Weighted-average annualized coupon rate
|
4.8%
|
4.9%
|
5.4%
|
|||||||
(a) The fair value excludes lease obligations of $149 million at Entergy Louisiana and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 196 - 203 of
|
||||||||||
2013 10-K) and are based on prices derived from inputs such as benchmark yields and reported trades.
|
||||||||||
(b) Consists of pollution control revenue bonds and environmental revenue bonds.
|
||||||||||
(c) The bonds are secured by a series of collateral first mortgage bonds.
|
||||||||||
(d) The interest rate that applied to outstanding borrowings at the end of 2011 was 0.67%.
|
||||||||||
(e) The maturity date was extended to 03/19 in first quarter 2014.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
UNITS
|
|||||||||||||||||||||||||||||||||||
|
|
AUTHORIZED AND OUTSTANDING
|
CALL PRICE PER UNIT
|
||||||||||||||||||||||||||||||||
PREFERRED MEMBERSHIP INTERESTS:
|
AS OF DECEMBER 31, |
AS OF DECEMBER 31,
|
AS OF DECEMBER 31,
|
||||||||||||||||||||||||||||||||
CUSIP
|
RATE
|
2013
|
2012
|
2011
|
2013
|
2012
|
2011
|
2013
|
|||||||||||||||||||||||||||
Without sinking fund:
|
(in millions)
|
||||||||||||||||||||||||||||||||||
Cumulative, $100 liquidation value:
|
|||||||||||||||||||||||||||||||||||
293649307 |
6.95% Series(a)
|
6.95 | % | 1,000,000 | 1,000,000 | 1,000,000 | $ | 100 | $ | 100 | $ | 100 | $ | 100 | |||||||||||||||||||||
Total without sinking fund
|
1,000,000 | 1,000,000 | 1,000,000 | $ | 100 | $ | 100 | $ | 100 | ||||||||||||||||||||||||||
(a) Series is callable at par.
|
|||||||||||||||||||||||||||||||||||
Totals may not foot due to rounding.
|
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
|
||||||||||
ENTERGY MISSISSIPPI, INC.
|
||||||||||
BONDS:
|
|
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
|
|
|
|
|
|
(in millions)
|
||||
29364NAH1
|
5.15% Series
|
M
|
5.15%
|
02/13
|
$ -
|
$ 100
|
$ 100
|
|||
29364NAQ1
|
3.25% Series
|
M
|
3.25%
|
06/16
|
Now
|
MW (T + .25%)
|
125
|
125
|
125
|
|
29364NAK4
|
4.95% Series(d)
|
M
|
4.95%
|
06/18
|
Now
|
100%
|
95
|
95
|
95
|
|
29364NAP3
|
6.64% Series
|
M
|
6.64%
|
07/19
|
Now
|
MW (T + .50%)
|
150
|
150
|
150
|
|
605277AF9
|
4.60% Series – Mississippi Business Finance Corp.
|
G(b,c)
|
4.6%
|
2022
|
-
|
16
|
16
|
|||
453424BS1
|
4.90% Series – Independence County
|
G(b,c)
|
4.9%
|
2022
|
6/2/13
|
102%
|
30
|
30
|
30
|
|
29364N876
|
6.0% Series
|
M
|
6.0%
|
11/32
|
Now
|
100%
|
75
|
75
|
75
|
|
29364NAL2
|
6.25% Series
|
M
|
6.25%
|
04/34
|
Now
|
MW (T + .25%)
|
100
|
100
|
100
|
|
29364N843
|
6.20% Series
|
M
|
6.2%
|
04/40
|
4/15/15
|
100%
|
80
|
80
|
80
|
|
29364N835
|
6.00% Series
|
M
|
6.0%
|
05/51
|
5/1/16
|
100%
|
150
|
150
|
150
|
|
29364NAR9
|
3.10% Series
|
M
|
3.1%
|
07/23
|
Now
|
MW (T + .25 bps)
|
250
|
250
|
-
|
|
Total bonds
|
1,055
|
1,171
|
921
|
|||||||
OTHER LONG-TERM DEBT:
|
||||||||||
Unamortized Premium and Discount – Net
|
(2)
|
(2)
|
(1)
|
|||||||
TOTAL LONG-TERM DEBT(e)
|
1,054
|
1,170
|
920
|
|||||||
Less Amount Due Within One Year
|
-
|
100
|
-
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 1,054
|
$ 1,070
|
$ 920
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 1,067
|
$ 1,231
|
$ 986
|
|||||||
*M = Mortgage Bond; G = Governmental Bond
|
|
|
||||||||
Weighted-average annualized coupon rate
|
5.0%
|
5.0%
|
5.5%
|
|||||||
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as
|
||||||||||
benchmark yields and reported trades.
|
||||||||||
(b) Consists of pollution control revenue bonds and environmental revenue bonds.
|
||||||||||
(c) The bonds are secured by a series of collateral first mortgage bonds.
|
||||||||||
(d) The bonds were called in their entirety at par on 4/22/14.
|
||||||||||
Totals may not foot due to rounding.
|
SHARES
|
||||||||||
AUTHORIZED AND OUTSTANDING
|
CALL PRICE PER SHARE | |||||||||
PREFERRED STOCK:
|
AS OF DECEMBER 31,
|
AS OF DECEMBER 31,
|
AS OF DECEMBER 31, | |||||||
CUSIP
|
RATE
|
2013
|
2012
|
2011
|
2013
|
2012
|
2011
|
2013
|
||
|
|
|
(in millions)
|
|
||||||
Without sinking fund:
|
|
|
|
|
||||||
Cumulative, $100 par value:
|
|
|
|
|
||||||
29364N207
|
4.36% Series
|
4.36%
|
59,920
|
59,920
|
59,920
|
$ 6
|
$ 6
|
$ 6
|
$103.88
|
|
29364N306
|
4.56% Series
|
4.56%
|
43,887
|
43,887
|
43,887
|
4
|
4
|
4
|
107.00
|
|
29364N405
|
4.92% Series
|
4.92%
|
100,000
|
100,000
|
100,000
|
10
|
10
|
10
|
102.88
|
|
|
Cumulative, $25 par value:
|
|
||||||||
29364N850
|
6.25% Series(a)
|
6.25%
|
1,200,000
|
1,200,000
|
1,200,000
|
30
|
30
|
30
|
$ 25
|
|
|
Total without sinking fund
|
|
$ 1,403,807
|
1,403,807
|
1,403,807
|
$ 50
|
$ 50
|
$ 50
|
||
(a) Series is callable at par.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
ENTERGY NEW ORLEANS, INC.
|
||||||||||
BONDS:
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
|
|
|
|
|
|
(in millions)
|
||||
29364PAH6
|
5.25% Series
|
M
|
5.25%
|
08/13
|
-
|
70
|
70
|
|||
29364PAM5
|
5.10% Series
|
M
|
5.1%
|
12/20
|
Now
|
MW (T + .35%)
|
25
|
25
|
25
|
|
29364PAN3
|
3.9% Series
|
M
|
3.9%
|
07/23
|
Now
|
MW (T + .30%)
|
100
|
-
|
-
|
|
29364PAK9
|
5.6% Series
|
M
|
5.6%
|
09/24
|
Now
|
100%
|
33
|
33
|
33
|
|
29364PAJ2
|
5.65% Series
|
M
|
5.65%
|
09/29
|
Now
|
100%
|
38
|
38
|
38
|
|
29364P509
|
5.0% Series
|
M
|
5.0%
|
12/52
|
12/1/17
|
100%
|
30
|
30
|
-
|
|
|
Total bonds
|
|
|
|
|
226
|
196
|
167
|
||
OTHER LONG-TERM DEBT:
|
||||||||||
Unamortized Premium and Discount – Net
|
-
|
-
|
-
|
|||||||
TOTAL LONG-TERM DEBT
|
226
|
196
|
167
|
|||||||
Less Amount Due Within One Year
|
-
|
70
|
-
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 226
|
$ 126
|
$ 167
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 218
|
$ 201
|
$ 169
|
|||||||
*M = Mortgage; G = Governmental
|
||||||||||
Weighted-average annualized coupon rate
|
4.7%
|
5.3%
|
5.4%
|
|||||||
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as
|
||||||||||
benchmark yields and reported trades.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
SHARES
|
||||||||||
AUTHORIZED AND OUTSTANDING
|
CALL PRICE PER SHARE | |||||||||
PREFERRED STOCK:
|
AS OF DECEMBER 31,
|
AS OF DECEMBER 31,
|
AS OF DECEMBER 31, | |||||||
CUSIP
|
RATE
|
2013
|
2012
|
2011
|
2013
|
2012
|
2011
|
2013
|
||
|
Without sinking fund:
|
|
(in millions)
|
|
||||||
|
Cumulative, $100 par value:
|
|
|
|
||||||
29364P301
|
4.75% Series
|
4.75%
|
77,798
|
77,798
|
77,798
|
$ 8
|
$ 8
|
$ 8
|
$105.00
|
|
29364P202
|
4.36% Series
|
4.36%
|
60,000
|
60,000
|
60,000
|
6
|
6
|
6
|
104.58
|
|
29364P400
|
5.56% Series
|
5.56%
|
60,000
|
60,000
|
60,000
|
6
|
6
|
6
|
102.59
|
|
Total without sinking fund
|
|
197,798
|
197,798
|
197,798
|
20
|
$ 20
|
$ 20
|
|||
Totals may not foot due to rounding.
|
||||||||||
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
|
||||||||||
ENTERGY TEXAS, INC.
|
||||||||||
BONDS:
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
|
|
|
|
|
|
(in millions)
|
||||
29365TAB0
|
3.60% Series
|
M
|
3.6%
|
06/15
|
Now
|
MW (T +. 25%)
|
$ 200
|
$ 200
|
$ 200
|
|
29365TAA2
|
7.125% Series
|
M
|
7.125%
|
02/19
|
Now
|
MW (T + .50%)
|
500
|
500
|
500
|
|
29365TAC8
|
4.1% Series
|
M
|
4.1%
|
09/21
|
Now
|
MW (T + .35%)
|
75
|
75
|
75
|
|
29365T203
|
7.875% Series(b)
|
M
|
7.875%
|
06/39
|
06/14
|
100%
|
150
|
150
|
150
|
|
Total bonds
|
|
|
|
|
925
|
925
|
925
|
|||
OTHER LONG-TERM DEBT:
|
||||||||||
29365QAA8
|
5.51% Series Senior Secured, Series A - Securitization Bond
|
5.51%
|
10/13
|
-
|
-
|
18
|
||||
29365QAB6
|
5.79% Series Senior Secured, Series A - Securitization Bond
|
5.79%
|
10/18
|
97
|
119
|
122
|
||||
29365QAC4
|
5.93% Series Senior Secured, Series A - Securitization Bond
|
5.93%
|
06/22
|
114
|
114
|
114
|
||||
29365KAA1
|
2.12% Series Senior Secured - Securitization Bond
|
2.12%
|
02/16
|
54
|
93
|
132
|
||||
29365KAB9
|
3.65% Series Senior Secured - Securitization Bond
|
3.65%
|
08/19
|
145
|
145
|
145
|
||||
29365KAC7
|
4.38% Series Senior Secured - Securitization Bond
|
4.38%
|
11/23
|
219
|
219
|
219
|
||||
Unamortized Premium and Discount – Net
|
(2)
|
(3)
|
(3)
|
|||||||
Other
|
5
|
5
|
5
|
|||||||
TOTAL LONG-TERM DEBT
|
1,557
|
1,618
|
1,677
|
|||||||
Less Amount Due Within One Year
|
-
|
-
|
-
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 1,557
|
$ 1,618
|
$ 1,677
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 1,727
|
$ 1,886
|
$ 1,906
|
|||||||
*M = Mortgage Bond; G = Governmental Bond
|
||||||||||
Weighted-average annualized coupon rate
|
5.5%
|
5.5%
|
5.4%
|
|||||||
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as
|
||||||||||
benchmark yields and reported trades.
|
||||||||||
(b) The bonds were called in their entirety at par on 6/16/14.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
SYSTEM ENERGY RESOURCES, INC.
|
||||||||||
BONDS:
|
MATURITY
|
FIRST CALL
|
CURRENT OR
|
AS OF DECEMBER 31,
|
||||||
CUSIP
|
TYPE*
|
RATE
|
DATE
|
DATE
|
FIRST CALL PRICE
|
2013
|
2012
|
2011
|
||
|
|
|
|
|
|
(in millions)
|
||||
871911AR4
|
6.2% Series
|
M
|
6.2%
|
10/12
|
$ -
|
$ -
|
$ 70
|
|||
605277AB8
|
5.875% Series – Mississippi Business Finance Corp.
|
G(b)
|
5.875%
|
2022
|
Now
|
100%
|
216
|
216
|
216
|
|
605277AC6
|
5.9% Series – Mississippi Business Finance Corp.
|
G(b)
|
5.9%
|
2022
|
-
|
-
|
103
|
|||
179423AK4
|
6.2% Series – Claiborne County
|
G(b)
|
6.2%
|
2026
|
-
|
-
|
50
|
|||
871911AS2
|
4.10% Series
|
M
|
4.1%
|
04/23
|
Now
|
MW (T + 0.40%)
|
250
|
250
|
-
|
|
Total bonds
|
|
|
|
|
466
|
466
|
439
|
|||
OTHER LONG-TERM DEBT:
|
||||||||||
361561AA1
|
Grand Gulf Lease Obligation 5.13%
|
5.13%
|
97
|
139
|
179
|
|||||
6.29% Series F – Variable Interest Entity Note Payable
|
6.29%
|
09/13
|
-
|
70
|
70
|
|||||
5.33% Series G – Variable Interest Entity Note Payable
|
5.33%
|
04/15
|
60
|
60
|
60
|
|||||
4.02% Series H – Variable Interest Entity Note Payable
|
4.02%
|
02/17
|
50
|
50
|
-
|
|||||
3.78% Series I – Variable Interest Entity Note Payable
|
3.78%
|
10/18
|
85
|
-
|
-
|
|||||
Unamortized Premium and Discount – Net
|
(1)
|
(1)
|
(1)
|
|||||||
Other
|
-
|
-
|
-
|
|||||||
TOTAL LONG-TERM DEBT
|
757
|
784
|
747
|
|||||||
Less Amount Due Within One Year
|
49
|
112
|
110
|
|||||||
Long-Term Debt Excluding Amount Due Within One Year
|
$ 709
|
$ 672
|
$ 637
|
|||||||
Fair Value of Long-Term Debt(a)
|
$ 665
|
$ 665
|
$ 583
|
|||||||
*M = Mortgage Bond; G = Governmental Bond
|
||||||||||
Weighted-average annualized coupon rate
|
4.8%
|
5.2%
|
5.8%
|
|||||||
(a) The fair value excludes lease obligations of $97 million at System Energy and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 196 - 203 of
|
||||||||||
2013 10-K) and are based on prices derived from inputs such as benchmark yields and reported trades.
|
||||||||||
(b) Consists of pollution control revenue bonds and environmental revenue bonds.
|
||||||||||
Totals may not foot due to rounding.
|
||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||
UTILITY TOTAL CAPABILITY
|
|||||
OWNED &
|
|||||
OPERATED
|
LEASED
|
OPERATED
|
|||
As of December 31, 2013.
|
PLANTS
|
UNITS
|
(MW)(a)
|
(MW)
|
|
Plants that use fuel type:
|
|
|
|
||
Gas/Oil
|
24
|
55
|
14,247
|
14,585
|
|
Coal
|
3
|
5
|
2,255
|
3,867
|
|
Petroleum Coke
|
1
|
2
|
-
|
200
|
|
Total Fossil
|
28
|
62
|
16,502
|
18,652
|
|
Hydro
|
3
|
7
|
74
|
154
|
|
Nuclear
|
4
|
5
|
5,215
|
5,215
|
|
Total Capability
|
35
|
74
|
21,791
|
24,021
|
|
All plants that have units with multiple fuel types are in the Gas & Oil plant count.
|
|||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions
|
|||||
based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
|
|||||
UTILITY SELECTED OPERATING DATA
|
|||||
2013
|
2012
|
2011
|
2010
|
2009
|
|
SOURCES OF ENERGY (GWh)
|
|||||
Net Generation:
|
|||||
Gas & Oil
|
30,364
|
31,011
|
30,042
|
26,637
|
21,767
|
Coal
|
13,567
|
13,320
|
14,915
|
15,616
|
15,101
|
Nuclear
|
38,676
|
37,714
|
40,102
|
42,339
|
41,851
|
Hydro
|
131
|
108
|
160
|
139
|
233
|
Total Net Generation
|
82,738
|
82,154
|
85,219
|
84,731
|
78,952
|
Purchased Power:
|
|||||
Affiliated Companies
|
349
|
713
|
803
|
738
|
741
|
Non-affiliated Companies
|
33,994
|
32,982
|
32,896
|
33,155
|
30,708
|
Total Purchased Power
|
34,343
|
33,695
|
33,699
|
33,893
|
31,449
|
Total Sources of Energy
|
117,081
|
115,850
|
118,918
|
118,625
|
110,401
|
USES OF ENERGY (GWh)
|
|||||
Electric Energy Sales:
|
|||||
Residential
|
35,169
|
34,664
|
36,684
|
37,465
|
33,626
|
Commercial
|
28,547
|
28,724
|
28,720
|
28,831
|
27,476
|
Industrial
|
41,653
|
41,181
|
40,810
|
38,751
|
35,638
|
Governmental
|
2,412
|
2,435
|
2,474
|
2,463
|
2,408
|
Total Retail
|
107,781
|
107,004
|
108,688
|
107,510
|
99,148
|
Sales for Resale
|
3,020
|
3,200
|
4,111
|
4,372
|
4,862
|
Unbilled Energy
|
530
|
15
|
(131)
|
(173)
|
631
|
Total Electric Energy Sales
|
111,331
|
110,219
|
112,668
|
111,709
|
104,641
|
Line Losses and Company Usage
|
5,750
|
5,631
|
6,250
|
6,916
|
5,760
|
Total Uses of Energy
|
117,081
|
115,850
|
118,918
|
118,625
|
110,401
|
Peak Demand (MW)
|
21,581
|
21,866
|
22,387
|
21,799
|
21,009
|
Operational Summer Capacity at Peak (MW)
|
23,802
|
23,407
|
23,979
|
24,310
|
23,578
|
Annual System Load Factor (%)
|
62
|
60
|
60
|
62
|
60
|
Retail Electric Sales Growth Rate (%)
|
0.7
|
(1.5)
|
1.1
|
8.4
|
(1.5)
|
Retail Electric Sales Weather-Adjusted Growth Rate (%)
|
0.2
|
1.9
|
2.0
|
4.3
|
(1.5)
|
Regional Gross Domestic Product Rate (%)
|
2.4
|
1.5
|
1.9
|
7.0
|
(3.4)
|
National Gross Domestic Product Rate (%)
|
1.9
|
2.8
|
1.8
|
2.5
|
(2.8)
|
Average Fuel Cost (cents/KWh)
|
|||||
Natural Gas
|
4.12
|
3.15
|
4.85
|
5.39
|
5.64
|
Nuclear Fuel
|
0.92
|
0.85
|
0.81
|
0.78
|
0.66
|
Coal
|
2.70
|
2.60
|
2.31
|
2.00
|
2.04
|
Fuel Oil
|
-
|
-
|
-
|
-
|
-
|
Purchased Power
|
4.32
|
3.58
|
4.59
|
5.28
|
5.29
|
Totals may not foot due to rounding.
|
|||||
UTILITY STATISTICAL INFORMATION
|
||||||||||
2013 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION
|
||||||||||
EAI
|
EGSL
|
ELL
|
EMI
|
ENOI
|
ETI
|
SERI
|
ELIMINATIONS
|
TOTAL
|
%
|
|
ELECTRIC OPERATING REVENUES ($ thousands)
|
|
|
|
|
||||||
Residential
|
772,059
|
465,292
|
838,636
|
526,618
|
197,197
|
596,396
|
-
|
-
|
3,396,198
|
38%
|
Commercial
|
469,367
|
417,154
|
585,833
|
432,240
|
182,748
|
327,299
|
-
|
-
|
2,414,641
|
27%
|
Industrial
|
432,852
|
502,057
|
954,956
|
155,742
|
34,916
|
324,767
|
-
|
-
|
2,405,290
|
27%
|
Governmental
|
19,206
|
21,334
|
45,900
|
41,967
|
66,553
|
23,535
|
-
|
-
|
218,495
|
2%
|
Total Retail
|
1,693,484
|
1,405,837
|
2,425,325
|
1,156,567
|
481,414
|
1,271,997
|
-
|
-
|
8,434,624
|
94%
|
Sales for Resale
|
429,141
|
420,642
|
117,231
|
116,514
|
27,301
|
416,285
|
735,065
|
(2,052,381)
|
209,798
|
2%
|
Other
|
67,534
|
55,416
|
84,379
|
61,459
|
16,326
|
40,517
|
24
|
(27,717)
|
297,938
|
3%
|
Total
|
2,190,159
|
1,881,895
|
2,626,935
|
1,334,540
|
525,041
|
1,728,799
|
735,089
|
(2,080,098)
|
8,942,360
|
100%
|
FUEL REVENUES (included in above revenues)
|
|
|
||||||||
Residential
|
113,608
|
182,720
|
317,722
|
166,976
|
75,362
|
164,417
|
-
|
-
|
1,020,805
|
32%
|
Commercial
|
83,642
|
180,062
|
221,156
|
142,564
|
79,933
|
127,596
|
-
|
-
|
834,953
|
26%
|
Industrial
|
94,847
|
298,711
|
573,684
|
66,397
|
18,964
|
181,602
|
-
|
-
|
1,234,205
|
39%
|
Governmental
|
3,386
|
7,761
|
17,638
|
12,119
|
30,165
|
8,043
|
-
|
-
|
79,112
|
2%
|
Total Retail
|
295,483
|
669,254
|
1,130,200
|
388,056
|
204,424
|
481,658
|
-
|
-
|
3,169,075
|
100%
|
SOURCES OF ENERGY (GWh)
|
|
|
|
|||||||
Net Generation:
|
|
|
|
|||||||
Gas & Oil
|
3,200
|
2,991
|
9,882
|
7,240
|
1,500
|
5,551
|
-
|
-
|
30,364
|
26%
|
Coal
|
7,481
|
2,006
|
-
|
2,597
|
-
|
1,483
|
-
|
-
|
13,567
|
12%
|
Nuclear
|
11,946
|
7,587
|
9,368
|
-
|
-
|
-
|
9,775
|
-
|
38,676
|
33%
|
Hydro
|
131
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
131
|
0%
|
Total Net Generation
|
22,758
|
12,584
|
19,250
|
9,837
|
1,500
|
7,034
|
9,775
|
-
|
82,738
|
71%
|
Purchased Power:
|
||||||||||
Affiliated Companies
|
4,017
|
8,105
|
8,442
|
4,818
|
3,915
|
5,538
|
-
|
(34,486)
|
349
|
0%
|
Non-affiliated Companies
|
4,608
|
7,429
|
7,686
|
1,428
|
462
|
12,381
|
-
|
-
|
33,994
|
29%
|
Total Purchased Power
|
8,625
|
15,534
|
16,128
|
6,246
|
4,377
|
17,919
|
-
|
(34,486)
|
34,343
|
29%
|
Total Sources of Energy
|
31,383
|
28,118
|
35,378
|
16,083
|
5,877
|
24,953
|
9,775
|
(34,486)
|
117,081
|
100%
|
USES OF ENERGY (GWh)
|
||||||||||
Electric Energy Sales:
|
||||||||||
Residential
|
7,921
|
5,206
|
8,820
|
5,629
|
1,867
|
5,726
|
-
|
-
|
35,169
|
33%
|
Commercial
|
5,929
|
5,208
|
6,194
|
4,815
|
1,998
|
4,402
|
-
|
-
|
28,547
|
26%
|
Industrial
|
6,769
|
9,021
|
16,713
|
2,265
|
481
|
6,404
|
-
|
-
|
41,653
|
39%
|
Governmental
|
241
|
228
|
495
|
409
|
758
|
282
|
-
|
-
|
2,412
|
2%
|
Total Retail
|
20,860
|
19,663
|
32,222
|
13,118
|
5,104
|
16,814
|
-
|
-
|
107,781
|
100%
|
Sales for Resale
|
8,929
|
7,467
|
1,936
|
1,847
|
508
|
6,999
|
9,794
|
(34,460)
|
3,020
|
-
|
Unbilled Energy
|
100
|
138
|
130
|
19
|
28
|
115
|
-
|
-
|
530
|
-
|
Total Electric Energy Sales
|
29,889
|
27,268
|
34,288
|
14,984
|
5,640
|
23,928
|
9,794
|
(34,460)
|
111,331
|
-
|
Line Losses and Company Usage
|
1,494
|
850
|
1,090
|
1,099
|
237
|
1,025
|
(19)
|
(26)
|
5,750
|
-
|
Total Uses of Energy
|
31,383
|
28,118
|
35,378
|
16,083
|
5,877
|
24,953
|
9,775
|
(34,486)
|
117,081
|
-
|
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||
Residential
|
9.75
|
8.94
|
9.51
|
9.36
|
10.56
|
10.42
|
-
|
-
|
9.66
|
-
|
Commercial
|
7.92
|
8.01
|
9.46
|
8.98
|
9.15
|
7.44
|
-
|
-
|
8.46
|
-
|
Industrial
|
6.39
|
5.57
|
5.71
|
6.88
|
7.26
|
5.07
|
-
|
-
|
5.77
|
-
|
Governmental
|
7.97
|
9.36
|
9.27
|
10.26
|
8.78
|
8.35
|
-
|
-
|
9.07
|
-
|
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||
(as of December 31, 2013)
|
||||||||||
Residential
|
585,157
|
335,212
|
587,226
|
369,686
|
149,639
|
368,347
|
-
|
-
|
2,395,267
|
86%
|
Commercial
|
90,354
|
51,463
|
77,033
|
62,867
|
14,430
|
45,825
|
-
|
-
|
341,972
|
12%
|
Industrial
|
24,198
|
3,511
|
7,022
|
3,752
|
2,163
|
5,143
|
-
|
-
|
45,789
|
2%
|
Governmental
|
686
|
1,695
|
5,854
|
4,864
|
1,759
|
2,310
|
-
|
-
|
17,168
|
1%
|
Total Retail Customers
|
700,395
|
391,881
|
677,135
|
441,169
|
167,991
|
421,625
|
-
|
-
|
2,800,196
|
100%
|
Totals may not foot due to rounding.
|
||||||||||
UTILITY STATISTICAL INFORMATION
|
||||||||||||||||||||
ENTERGY ARKANSAS, INC.
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
||||||||||||||||||||
Residential
|
772,059 | 765,564 | 755,807 | 773,012 | 768,500 | |||||||||||||||
Commercial
|
469,367 | 472,046 | 449,756 | 441,387 | 474,543 | |||||||||||||||
Industrial
|
432,852 | 439,467 | 421,384 | 414,791 | 433,321 | |||||||||||||||
Governmental
|
19,206 | 19,787 | 19,711 | 19,524 | 21,731 | |||||||||||||||
Total Retail
|
1,693,484 | 1,696,864 | 1,646,658 | 1,648,714 | 1,698,095 | |||||||||||||||
Sales for Resale
|
429,141 | 369,322 | 375,127 | 379,894 | 452,424 | |||||||||||||||
Other
|
67,534 | 60,818 | 62,525 | 53,839 | 60,743 | |||||||||||||||
Total Electric Operating Revenues
|
2,190,159 | 2,127,004 | 2,084,310 | 2,082,447 | 2,211,263 | |||||||||||||||
FUEL REVENUES (included in above revenues)
|
||||||||||||||||||||
Residential
|
113,608 | 143,394 | 147,763 | 91,412 | 127,137 | |||||||||||||||
Commercial
|
83,642 | 109,845 | 110,070 | 65,809 | 95,959 | |||||||||||||||
Industrial
|
94,847 | 125,068 | 126,854 | 75,939 | 104,226 | |||||||||||||||
Governmental
|
3,386 | 4,651 | 4,965 | 2,976 | 4,416 | |||||||||||||||
Total Retail Fuel Revenues
|
295,483 | 382,958 | 389,652 | 236,136 | 331,738 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
3,200 | 1,889 | 1,078 | 984 | 1,003 | |||||||||||||||
Coal
|
7,481 | 7,179 | 7,636 | 8,233 | 7,955 | |||||||||||||||
Nuclear
|
11,946 | 15,493 | 14,194 | 15,023 | 15,168 | |||||||||||||||
Hydro
|
131 | 108 | 160 | 139 | 233 | |||||||||||||||
Total Net Generation
|
22,758 | 24,669 | 23,068 | 24,379 | 24,359 | |||||||||||||||
Purchased Power:
|
||||||||||||||||||||
Affiliated Companies
|
4,017 | 2,940 | 4,280 | 3,887 | 3,776 | |||||||||||||||
Non-affiliated Companies
|
4,608 | 4,130 | 4,035 | 4,508 | 4,968 | |||||||||||||||
Total Purchased Power
|
8,625 | 7,070 | 8,315 | 8,395 | 8,744 | |||||||||||||||
Total Sources of Energy
|
31,383 | 31,739 | 31,383 | 32,774 | 33,103 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales:
|
||||||||||||||||||||
Residential
|
7,921 | 7,859 | 8,229 | 8,501 | 7,464 | |||||||||||||||
Commercial
|
5,929 | 6,046 | 6,051 | 6,144 | 5,817 | |||||||||||||||
Industrial
|
6,769 | 6,925 | 7,029 | 7,082 | 6,376 | |||||||||||||||
Governmental
|
241 | 257 | 275 | 277 | 269 | |||||||||||||||
Total Retail
|
20,860 | 21,087 | 21,584 | 22,004 | 19,926 | |||||||||||||||
Sales for Resale
|
8,929 | 9,019 | 8,197 | 8,703 | 11,611 | |||||||||||||||
Unbilled Energy
|
100 | 13 | (49 | ) | (123 | ) | 111 | |||||||||||||
Total Electric Energy Sales
|
29,889 | 30,119 | 29,732 | 30,584 | 31,648 | |||||||||||||||
Line Losses and Company Usage
|
1,494 | 1,620 | 1,651 | 2,190 | 1,455 | |||||||||||||||
Total Uses of Energy
|
31,383 | 31,739 | 31,383 | 32,774 | 33,103 | |||||||||||||||
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||||||||||||
Residential
|
9.75 | 9.74 | 9.18 | 9.09 | 10.30 | |||||||||||||||
Commercial
|
7.92 | 7.81 | 7.43 | 7.18 | 8.16 | |||||||||||||||
Industrial
|
6.39 | 6.35 | 5.99 | 5.86 | 6.80 | |||||||||||||||
Governmental
|
7.97 | 7.70 | 7.17 | 7.05 | 8.08 | |||||||||||||||
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||||||||||||
(as of December 31)
|
||||||||||||||||||||
Residential
|
585,157 | 583,882 | 582,813 | 582,557 | 580,672 | |||||||||||||||
Commercial
|
90,354 | 89,618 | 88,895 | 88,725 | 87,929 | |||||||||||||||
Industrial
|
24,198 | 21,295 | 20,402 | 20,605 | 20,118 | |||||||||||||||
Governmental
|
686 | 681 | 693 | 674 | 661 | |||||||||||||||
Total Retail Customers
|
700,395 | 695,476 | 692,803 | 692,561 | 689,380 | |||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||||||||||||
ENTERGY ARKANSAS, INC.
|
|||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg(b)
|
GENERATION
|
PER NET
|
EXPENSE
|
||||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(l)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(c)
|
(MWH)
|
MWH
|
($000)
|
Cecil Lynch(e)
|
2
|
100%
|
1949
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
(104)
|
(15,307.7)
|
1,592
|
|
3
|
100%
|
1954
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
Harvey Couch(f)
|
1
|
100%
|
1943
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
(837)
|
(2,451.6)
|
2,052
|
|
2
|
100%
|
1954
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
Lake Catherine(g)
|
1
|
100%
|
1950
|
-
|
Gas/Oil
|
Retired
|
12,514
|
-
|
-
|
-
|
-
|
-
|
477,685
|
81.0
|
38,697
|
|
2
|
100%
|
1950
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
|
3
|
100%
|
1953
|
-
|
Gas/Oil
|
Retired
|
-
|
49
|
12,041
|
-
|
-
|
||||
|
4
|
100%
|
1970
|
520
|
Gas/Oil
|
Peaking
|
2
|
806
|
338,218
|
-
|
-
|
||||
Hamilton Moses(h)
|
1
|
100%
|
1951
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
2
|
100%
|
1951
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
Mabelvale(i)
|
1
|
100%
|
1970
|
13
|
Gas/Oil
|
Peaking
|
76,050
|
-
|
-
|
-
|
-
|
-
|
78
|
7,666.7
|
598
|
|
2
|
100%
|
1970
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
|
3
|
100%
|
1970
|
13
|
Gas/Oil
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
||||
|
4
|
100%
|
1970
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
Robert Ritchie(j)
|
1
|
100%
|
1961
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
(96)
|
(31.3)
|
3
|
|
3
|
100%
|
1970
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
Ouachita
|
1
|
100%
|
2002
|
242
|
Gas
|
Intermediate
|
7,620
|
1
|
35
|
233,061
|
-
|
Dry LNB, SCR
|
1,000,706
|
40.3
|
40,302
|
2
|
100%
|
2002
|
243
|
Gas
|
Intermediate
|
1
|
31
|
179,237
|
-
|
Dry LNB, SCR
|
|||||
Hot Spring
|
1
|
100%
|
2002
|
615
|
Gas
|
Intermediate
|
7,370
|
4
|
69
|
750,261
|
-
|
SCR
|
1,723,059
|
43.9
|
75,632
|
Independence
|
1
|
31.5%
|
1983
|
264
|
Coal
|
Base
|
10,137
|
3,963
|
1,492
|
1,510,644
|
77
|
OFA, ESP
|
1,461,737
|
33.3
|
48,724
|
White Bluff
|
1
|
57%
|
1980
|
465
|
Coal
|
Base
|
10,376
|
9,819
|
5,269
|
3,595,781
|
184
|
OFA, ESP
|
6,019,362
|
30.2
|
181,483
|
|
2
|
57%
|
1981
|
468
|
Coal
|
Base
|
9,672
|
5,018
|
3,544,437
|
182
|
OFA, ESP
|
||||
Cecil Lynch(k)
|
Diesel
|
100%
|
1967
|
-
|
Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(34)
|
|
Carpenter
|
1
|
100%
|
1932
|
31
|
Hydro
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
-
|
101,163
|
9.0
|
911
|
|
2
|
100%
|
1932
|
31
|
Hydro
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
||||
Remmel
|
1
|
100%
|
1925
|
4
|
Hydro
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
-
|
29,446
|
28.0
|
823
|
|
2
|
100%
|
1925
|
4
|
Hydro
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
||||
|
3
|
100%
|
1925
|
4
|
Hydro
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
||||
Arkansas
|
|
|
|
|
|
|
|||||||||
Nuclear One
|
1
|
100%
|
1974
|
834
|
Nuclear PWR(d)
|
Base
|
10,337
|
-
|
-
|
-
|
-
|
-
|
11,946,220
|
22.9
|
273,003
|
2
|
100%
|
1980
|
985
|
Nuclear PWR(d)
|
Base
|
-
|
-
|
-
|
-
|
-
|
|||||
Total
|
4,736
|
22,758,419
|
29.2
|
663,786
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||||||||||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||||||||||||
(b) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||||||||||
(c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||||||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||||||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||||||||||
(d) PWR = Pressurized Water Reactor.
|
|||||||||||||||
(e) Cecil Lynch Units 2 and 3 were officially retired on Jun. 21, 2013 and Dec. 19, 2013.
|
|||||||||||||||
(f) Harvey Couch Unit 2 was officially retired on Dec. 19, 2013.
|
|||||||||||||||
(g) Lake Catherine Units 1, 2 and 3 were officially retired on Dec. 19, 2013.
|
|||||||||||||||
(h) Hamilton Moses Units 1 and 2 were officially retired on Feb. 6, 2013.
|
|||||||||||||||
(i) Mabelvale Units 2 and 4 were officially retired on Dec. 19, 2013.
|
|||||||||||||||
(j) Robert Ritchie Units 1 and 3 were officially retired on Feb. 6, 2013 and Jun. 21, 2013.
|
|||||||||||||||
(k) Cecil Lynch Diesel Unit was officially retired on May 1, 2013.
|
|||||||||||||||
(l) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
UTILITY STATISTICAL INFORMATION
|
||||||||||||||||||||
ENTERGY GULF STATES LOUISIANA, L.L.C.
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
||||||||||||||||||||
Residential
|
465,292 | 388,725 | 479,060 | 498,319 | 393,490 | |||||||||||||||
Commercial
|
417,154 | 349,210 | 416,321 | 426,342 | 354,038 | |||||||||||||||
Industrial
|
502,057 | 391,776 | 490,378 | 488,974 | 383,272 | |||||||||||||||
Governmental
|
21,334 | 18,522 | 20,925 | 20,350 | 17,625 | |||||||||||||||
Total Retail
|
1,405,837 | 1,148,233 | 1,406,684 | 1,433,985 | 1,148,425 | |||||||||||||||
Sales for Resale
|
420,642 | 410,622 | 614,429 | 541,219 | 579,358 | |||||||||||||||
Other
|
55,416 | 47,310 | 48,435 | 40,506 | 48,827 | |||||||||||||||
Total Electric Operating Revenues
|
1,881,895 | 1,606,165 | 2,069,548 | 2,015,710 | 1,776,610 | |||||||||||||||
FUEL REVENUES (included in above revenues)
|
||||||||||||||||||||
Residential
|
182,720 | 134,464 | 186,547 | 193,863 | 177,483 | |||||||||||||||
Commercial
|
180,062 | 135,686 | 178,013 | 182,546 | 175,960 | |||||||||||||||
Industrial
|
298,711 | 219,667 | 292,036 | 292,789 | 251,212 | |||||||||||||||
Governmental
|
7,761 | 5,850 | 7,453 | 7,251 | 7,341 | |||||||||||||||
Total Retail Fuel Revenues
|
669,254 | 495,667 | 664,049 | 676,449 | 611,996 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
2,991 | 3,773 | 3,547 | 2,533 | 1,705 | |||||||||||||||
Coal
|
2,006 | 2,033 | 2,605 | 2,535 | 2,472 | |||||||||||||||
Nuclear
|
7,587 | 7,805 | 7,686 | 8,363 | 7,836 | |||||||||||||||
Hydro
|
- | - | - | - | - | |||||||||||||||
Total Net Generation
|
12,584 | 13,611 | 13,838 | 13,431 | 12,013 | |||||||||||||||
Purchased Power:
|
||||||||||||||||||||
Affiliated Companies
|
8,105 | 7,357 | 6,446 | 7,021 | 6,768 | |||||||||||||||
Non-affiliated Companies
|
7,429 | 7,936 | 10,007 | 10,437 | 9,720 | |||||||||||||||
Total Purchased Power
|
15,534 | 15,293 | 16,453 | 17,458 | 16,488 | |||||||||||||||
Total Sources of Energy
|
28,118 | 28,904 | 30,291 | 30,889 | 28,501 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales:
|
||||||||||||||||||||
Residential
|
5,206 | 5,176 | 5,383 | 5,538 | 5,090 | |||||||||||||||
Commercial
|
5,208 | 5,287 | 5,239 | 5,274 | 5,058 | |||||||||||||||
Industrial
|
9,021 | 8,890 | 9,041 | 8,801 | 7,601 | |||||||||||||||
Governmental
|
228 | 228 | 222 | 210 | 213 | |||||||||||||||
Total Retail
|
19,663 | 19,581 | 19,885 | 19,823 | 17,962 | |||||||||||||||
Sales for Resale
|
7,467 | 8,668 | 9,608 | 10,221 | 9,630 | |||||||||||||||
Unbilled Energy
|
138 | 11 | (39 | ) | (51 | ) | 149 | |||||||||||||
Total Electric Energy Sales
|
27,268 | 28,260 | 29,454 | 29,993 | 27,741 | |||||||||||||||
Line Losses and Company Usage
|
850 | 644 | 837 | 896 | 760 | |||||||||||||||
Total Uses of Energy
|
28,118 | 28,904 | 30,291 | 30,889 | 28,501 | |||||||||||||||
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||||||||||||
Residential
|
8.94 | 7.51 | 8.90 | 9.00 | 7.73 | |||||||||||||||
Commercial
|
8.01 | 6.61 | 7.95 | 8.08 | 7.00 | |||||||||||||||
Industrial
|
5.57 | 4.41 | 5.42 | 5.56 | 5.04 | |||||||||||||||
Governmental
|
9.36 | 8.12 | 9.43 | 9.69 | 8.27 | |||||||||||||||
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||||||||||||
(as of December 31)
|
||||||||||||||||||||
Residential
|
335,212 | 331,735 | 328,718 | 326,497 | 324,285 | |||||||||||||||
Commercial
|
51,463 | 50,616 | 50,277 | 49,886 | 49,319 | |||||||||||||||
Industrial
|
3,511 | 3,379 | 3,278 | 3,265 | 3,436 | |||||||||||||||
Governmental
|
1,695 | 1,698 | 1,615 | 1,627 | 1,652 | |||||||||||||||
Total Retail Customers
|
391,881 | 387,428 | 383,888 | 381,275 | 378,692 | |||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||||||||||||
ENTERGY GULF STATES LOUISIANA, L.L.C.
|
|||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg(b)
|
GENERATION
|
PER NET
|
EXPENSE
|
||||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(g)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(c)
|
(MWH)
|
MWH
|
($000)
|
LA Station 2 (d)
|
10
|
100%
|
1950
|
-
|
Gas
|
Reserve
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
387
|
11
|
100%
|
1950
|
-
|
Gas
|
Reserve
|
-
|
-
|
-
|
-
|
-
|
|
||||
|
12
|
100%
|
1953
|
-
|
Gas
|
Reserve
|
-
|
-
|
-
|
-
|
-
|
|
|||
Willow Glen
|
1
|
100%
|
1960
|
-
|
Gas/Oil
|
Reserve
|
12,060
|
-
|
41
|
38,351
|
-
|
-
|
740,200
|
59.9
|
44,327
|
|
2
|
100%
|
1964
|
181
|
Gas/Oil
|
Peaking
|
-
|
92
|
73,642
|
-
|
-
|
|
|||
|
3
|
100%
|
1968
|
-
|
Gas
|
Reserve
|
-
|
-
|
-
|
-
|
ESP
|
|
|||
|
4
|
100%
|
1973
|
481
|
Gas/Oil
|
Peaking
|
2
|
584
|
302,000
|
-
|
-
|
|
|||
|
5
|
100%
|
1976
|
-
|
Gas/Oil
|
Reserve
|
-
|
-
|
-
|
-
|
-
|
|
|||
Roy S. Nelson
|
3
|
100%
|
1960
|
-
|
Gas/Oil
|
Reserve
|
12,580
|
-
|
98
|
82,754
|
-
|
-
|
1,502,556
|
53.2
|
79,979
|
|
4
|
100%
|
1970
|
424
|
Gas/Oil
|
Intermediate
|
5
|
1,173
|
1,000,253
|
-
|
-
|
|
|||
Calcasieu
|
1
|
100%
|
2000
|
143
|
Gas
|
Peaking
|
11,500
|
1
|
98
|
105,860
|
-
|
Dry LNB
|
360,912
|
62.8
|
22,662
|
2
|
100%
|
2001
|
159
|
Gas
|
Peaking
|
1
|
91
|
129,880
|
-
|
Dry LNB
|
|||||
Ouachita
|
3
|
100%
|
2002
|
246
|
Gas
|
Intermediate
|
7,535
|
1
|
26
|
157,890
|
-
|
Dry LNB, SCR
|
387,820
|
42.0
|
16,289
|
Roy S. Nelson
|
6
|
40%
|
1982
|
222
|
Coal
|
Base
|
11,410
|
4,611
|
1,126
|
1,475,892
|
73
|
LNB w/ Sep OFA, ESP
|
1,201,012
|
40.7
|
48,854
|
Big Cajun 2
|
3
|
24%
|
1983
|
145
|
Coal
|
Base
|
10,350
|
2,883
|
726
|
960,378
|
49
|
LNB w/ OFA, ESP
|
804,766
|
32.2
|
25,913
|
River Bend
|
1
|
100%(e)
|
1986
|
968
|
Nuclear BWR(f)
|
Base
|
10,850
|
-
|
-
|
-
|
-
|
-
|
7,587,441
|
27.3
|
206,903
|
Total
|
2,969
|
12,584,707
|
35.4
|
445,314
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||||||||||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||||||||||||
(b) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||||||||||
(c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||||||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||||||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||||||||||
(d) EGSL also owns and operates LA Station 1 units 1a, 2a, 3a and 4a; these units are under a long-term contract with an external 3rd party, which owns all of the output of these units.
|
|||||||||||||||
(e) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities.
|
|||||||||||||||
(f) BWR = Boiling Water Reactor.
|
|||||||||||||||
(g) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
UTILITY STATISTICAL INFORMATION
|
||||||||||||||||||||
ENTERGY LOUISIANA, LLC
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
||||||||||||||||||||
Residential
|
838,636 | 687,043 | 829,663 | 840,011 | 669,084 | |||||||||||||||
Commercial
|
585,833 | 482,382 | 549,142 | 543,308 | 456,274 | |||||||||||||||
Industrial
|
954,956 | 731,215 | 867,491 | 817,454 | 664,377 | |||||||||||||||
Governmental
|
45,900 | 37,940 | 41,900 | 42,124 | 35,760 | |||||||||||||||
Total Retail
|
2,425,325 | 1,938,580 | 2,288,196 | 2,242,897 | 1,825,495 | |||||||||||||||
Sales for Resale
|
117,231 | 138,675 | 145,009 | 225,011 | 256,596 | |||||||||||||||
Other
|
84,379 | 72,188 | 75,710 | 70,858 | 101,495 | |||||||||||||||
Total Electric Operating Revenues
|
2,626,935 | 2,149,443 | 2,508,915 | 2,538,766 | 2,183,586 | |||||||||||||||
FUEL REVENUES (included in above revenues)
|
||||||||||||||||||||
Residential
|
317,722 | 215,717 | 332,827 | 360,847 | 287,909 | |||||||||||||||
Commercial
|
221,156 | 151,733 | 218,649 | 231,104 | 194,759 | |||||||||||||||
Industrial
|
573,684 | 393,942 | 535,592 | 523,895 | 435,112 | |||||||||||||||
Governmental
|
17,638 | 11,925 | 16,595 | 18,067 | 15,388 | |||||||||||||||
Total Retail Fuel Revenues
|
1,130,200 | 773,317 | 1,103,663 | 1,133,913 | 933,168 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
9,882 | 11,530 | 10,506 | 9,429 | 7,090 | |||||||||||||||
Coal
|
- | - | - | - | - | |||||||||||||||
Nuclear
|
9,368 | 7,854 | 8,929 | 10,276 | 8,949 | |||||||||||||||
Hydro
|
- | - | - | - | - | |||||||||||||||
Total Net Generation
|
19,250 | 19,384 | 19,435 | 19,705 | 16,039 | |||||||||||||||
Purchased Power:
|
||||||||||||||||||||
Affiliated Companies
|
8,442 | 8,163 | 7,484 | 5,783 | 7,818 | |||||||||||||||
Non-affiliated Companies
|
7,686 | 7,653 | 8,682 | 9,614 | 7,644 | |||||||||||||||
Total Purchased Power
|
16,128 | 15,816 | 16,166 | 15,397 | 15,462 | |||||||||||||||
Total Sources of Energy
|
35,378 | 35,200 | 35,601 | 35,102 | 31,501 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales:
|
||||||||||||||||||||
Residential
|
8,820 | 8,703 | 9,303 | 9,533 | 8,684 | |||||||||||||||
Commercial
|
6,194 | 6,112 | 6,155 | 6,164 | 5,867 | |||||||||||||||
Industrial
|
16,713 | 16,416 | 15,813 | 14,473 | 13,386 | |||||||||||||||
Governmental
|
495 | 479 | 473 | 479 | 459 | |||||||||||||||
Total Retail
|
32,222 | 31,710 | 31,744 | 30,649 | 28,396 | |||||||||||||||
Sales for Resale
|
1,936 | 2,222 | 2,330 | 2,961 | 1,621 | |||||||||||||||
Unbilled Energy
|
130 | 32 | 38 | 27 | 164 | |||||||||||||||
Total Electric Energy Sales
|
34,288 | 33,964 | 34,112 | 33,637 | 30,181 | |||||||||||||||
Line Losses and Company Usage
|
1,090 | 1,236 | 1,489 | 1,465 | 1,320 | |||||||||||||||
Total Uses of Energy
|
35,378 | 35,200 | 35,601 | 35,102 | 31,501 | |||||||||||||||
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||||||||||||
Residential
|
9.51 | 7.89 | 8.92 | 8.81 | 7.70 | |||||||||||||||
Commercial
|
9.46 | 7.89 | 8.92 | 8.81 | 7.78 | |||||||||||||||
Industrial
|
5.71 | 4.45 | 5.49 | 5.65 | 4.96 | |||||||||||||||
Governmental
|
9.27 | 7.92 | 8.86 | 8.79 | 7.79 | |||||||||||||||
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||||||||||||
(as of December 31)
|
||||||||||||||||||||
Residential
|
587,226 | 583,975 | 580,627 | 578,466 | 575,388 | |||||||||||||||
Commercial
|
77,033 | 76,509 | 76,130 | 75,493 | 74,608 | |||||||||||||||
Industrial
|
7,022 | 6,914 | 6,908 | 6,971 | 7,247 | |||||||||||||||
Governmental
|
5,854 | 5,804 | 5,767 | 5,704 | 5,539 | |||||||||||||||
Total Retail Customers
|
677,135 | 673,202 | 669,432 | 666,634 | 662,782 | |||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||||||||||||
ENTERGY LOUISIANA, LLC
|
|||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg(b) |
GENERATION
|
PER NET
|
EXPENSE
|
||||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(e)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(c)
|
(MWH)
|
MWH
|
($000)
|
Acadia
|
2
|
100%
|
2002
|
546
|
Gas
|
Intermediate
|
7,590
|
3
|
60
|
678,116
|
-
|
SCR
|
1,529,941
|
38.5
|
58,925
|
Buras
|
8
|
100%
|
1971
|
12
|
Gas/Oil
|
Peaking
|
37,180
|
-
|
-
|
-
|
-
|
-
|
64
|
5,718.8
|
366
|
Little Gypsy
|
1
|
100%
|
1961
|
238
|
Gas/Oil
|
Intermediate
|
13,030
|
1
|
226
|
154,868
|
-
|
-
|
1,456,085
|
62.3
|
90,638
|
|
2
|
100%
|
1966
|
411
|
Gas/Oil
|
Intermediate
|
2
|
233
|
385,886
|
-
|
-
|
||||
|
3
|
100%
|
1969
|
520
|
Gas/Oil
|
Intermediate
|
3
|
1,570
|
552,220
|
-
|
-
|
||||
Monroe
|
10
|
100%
|
1961
|
-
|
Gas
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(29)
|
|
11
|
100%
|
1965
|
-
|
Gas
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
|
12
|
100%
|
1968
|
-
|
Gas
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
Ninemile Point
|
1
|
100%
|
1951
|
-
|
Gas/Oil
|
Retired
|
11,000
|
-
|
3
|
2,333
|
-
|
-
|
4,283,882
|
48.0
|
205,690
|
|
2
|
100%
|
1953
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
|
3
|
100%
|
1955
|
103
|
Gas/Oil
|
Intermediate
|
1
|
156
|
123,930
|
-
|
-
|
||||
|
4
|
100%
|
1971
|
699
|
Gas/Oil
|
Intermediate
|
7
|
1,666
|
1,296,707
|
-
|
-
|
||||
|
5
|
100%
|
1973
|
717
|
Gas/Oil
|
Intermediate
|
7
|
2,129
|
1,432,163
|
-
|
-
|
||||
Perryville
|
1
|
100%
|
2002
|
530
|
Gas
|
Intermediate
|
7,410
|
4
|
96
|
741,817
|
-
|
Dry LNB, SCR
|
1,636,598
|
42.9
|
70,209
|
|
2
|
100%
|
2001
|
146
|
Gas
|
Peaking
|
-
|
3
|
9,602
|
-
|
Dry LNB
|
||||
Sterlington
|
6
|
100%
|
1958
|
-
|
Gas/Oil
|
Retired
|
18,150
|
-
|
-
|
-
|
-
|
-
|
10,820
|
305.9
|
3,310
|
|
7
|
100%
|
1974
|
126
|
Gas/Oil
|
Peaking
|
-
|
34
|
10,196
|
-
|
-
|
||||
Waterford
|
1
|
100%
|
1975
|
411
|
Gas/Oil
|
Intermediate
|
14,790
|
17
|
285
|
368,482
|
-
|
-
|
964,527
|
69.5
|
67,059
|
|
2
|
100%
|
1975
|
411
|
Gas/Oil
|
Intermediate
|
2
|
265
|
360,750
|
-
|
-
|
||||
4
|
100%
|
2009
|
33
|
Oil
|
Peaking
|
-
|
-
|
4
|
1,259
|
-
|
Steam Injection
|
-
|
-
|
-
|
|
Waterford
|
3
|
100%
|
1985
|
1,156
|
Nuclear PWR(d)
|
Base
|
10,934
|
-
|
-
|
-
|
-
|
-
|
9,367,757
|
25.1
|
235,361
|
Total
|
6,059
|
19,249,674
|
38.0
|
731,529
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||||||||||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||||||||||||
(b) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||||||||||
(c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||||||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||||||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||||||||||
(d) PWR = Pressurized Water Reactor.
|
|||||||||||||||
(e) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
UTILITY STATISTICAL INFORMATION
|
||||||||||||||||||||
ENTERGY MISSISSIPPI, INC.
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
||||||||||||||||||||
Residential
|
526,618 | 453,707 | 490,088 | 508,571 | 466,632 | |||||||||||||||
Commercial
|
432,240 | 381,346 | 401,276 | 405,577 | 395,444 | |||||||||||||||
Industrial
|
155,742 | 140,460 | 145,792 | 144,581 | 146,608 | |||||||||||||||
Governmental
|
41,967 | 36,289 | 37,302 | 37,754 | 37,740 | |||||||||||||||
Total Retail
|
1,156,567 | 1,011,802 | 1,074,458 | 1,096,483 | 1,046,424 | |||||||||||||||
Sales for Resale
|
116,514 | 46,962 | 131,334 | 87,670 | 79,408 | |||||||||||||||
Other
|
61,459 | 61,601 | 60,678 | 48,769 | 54,275 | |||||||||||||||
Total Electric Operating Revenues
|
1,334,540 | 1,120,366 | 1,266,470 | 1,232,922 | 1,180,107 | |||||||||||||||
FUEL REVENUES (included in above revenues)
|
||||||||||||||||||||
Residential
|
166,976 | 137,760 | 181,581 | 177,354 | 179,338 | |||||||||||||||
Commercial
|
142,564 | 122,805 | 154,748 | 145,950 | 158,937 | |||||||||||||||
Industrial
|
66,397 | 58,721 | 69,808 | 63,696 | 70,679 | |||||||||||||||
Governmental
|
12,119 | 10,210 | 12,861 | 12,031 | 13,614 | |||||||||||||||
Total Retail Fuel Revenues
|
388,056 | 329,496 | 418,998 | 399,031 | 422,568 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
7,240 | 6,305 | 5,978 | 5,469 | 3,583 | |||||||||||||||
Coal
|
2,597 | 2,605 | 2,749 | 2,974 | 2,847 | |||||||||||||||
Nuclear
|
- | - | - | - | - | |||||||||||||||
Hydro
|
- | - | - | - | - | |||||||||||||||
Total Net Generation
|
9,837 | 8,910 | 8,727 | 8,443 | 6,430 | |||||||||||||||
Purchased Power:
|
||||||||||||||||||||
Affiliated Companies
|
4,818 | 4,415 | 5,080 | 5,467 | 6,127 | |||||||||||||||
Non-affiliated Companies
|
1,428 | 1,393 | 1,524 | 1,607 | 1,752 | |||||||||||||||
Total Purchased Power
|
6,246 | 5,808 | 6,604 | 7,074 | 7,879 | |||||||||||||||
Total Sources of Energy
|
16,083 | 14,718 | 15,331 | 15,517 | 14,309 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales:
|
||||||||||||||||||||
Residential
|
5,629 | 5,550 | 5,848 | 6,077 | 5,358 | |||||||||||||||
Commercial
|
4,815 | 4,915 | 4,985 | 5,000 | 4,756 | |||||||||||||||
Industrial
|
2,265 | 2,400 | 2,326 | 2,250 | 2,178 | |||||||||||||||
Governmental
|
409 | 408 | 415 | 416 | 405 | |||||||||||||||
Total Retail
|
13,118 | 13,273 | 13,574 | 13,743 | 12,697 | |||||||||||||||
Sales for Resale
|
1,847 | 497 | 763 | 670 | 528 | |||||||||||||||
Unbilled Energy
|
19 | 24 | (69 | ) | (18 | ) | 74 | |||||||||||||
Total Electric Energy Sales
|
14,984 | 13,794 | 14,268 | 14,395 | 13,299 | |||||||||||||||
Line Losses and Company Usage
|
1,099 | 924 | 1,063 | 1,122 | 1,010 | |||||||||||||||
Total Uses of Energy
|
16,083 | 14,718 | 15,331 | 15,517 | 14,309 | |||||||||||||||
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||||||||||||
Residential
|
9.36 | 8.17 | 8.38 | 8.37 | 8.71 | |||||||||||||||
Commercial
|
8.98 | 7.76 | 8.05 | 8.11 | 8.31 | |||||||||||||||
Industrial
|
6.88 | 5.85 | 6.27 | 6.43 | 6.73 | |||||||||||||||
Governmental
|
10.26 | 8.91 | 8.99 | 9.08 | 9.32 | |||||||||||||||
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||||||||||||
(as of December 31)
|
||||||||||||||||||||
Residential
|
369,686 | 368,660 | 366,697 | 366,722 | 365,804 | |||||||||||||||
Commercial
|
62,867 | 63,083 | 62,762 | 62,858 | 62,613 | |||||||||||||||
Industrial
|
3,752 | 3,598 | 3,488 | 3,450 | 2,749 | |||||||||||||||
Governmental
|
4,864 | 4,419 | 4,358 | 4,322 | 4,259 | |||||||||||||||
Total Retail Customers
|
441,169 | 439,760 | 437,305 | 437,352 | 435,425 | |||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||||||||||||
ENTERGY MISSISSIPPI, INC.
|
|||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg(b)
|
GENERATION
|
PER NET
|
EXPENSE
|
||||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(d)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(c)
|
(MWH)
|
MWH
|
($000)
|
Attala
|
1
|
100%
|
2001
|
460
|
Gas
|
Intermediate
|
7,280
|
4
|
71
|
798,747
|
-
|
Dry LNB, SCR
|
2,193,525
|
35.6
|
78,011
|
Hinds
|
1
|
100%
|
2001
|
463
|
Gas
|
Intermediate
|
7,270
|
4
|
55
|
720,987
|
-
|
SCR
|
1,850,561
|
37.4
|
69,254
|
Baxter Wilson
|
1
|
100%
|
1967
|
495
|
Gas/Oil
|
Intermediate
|
12,180
|
2
|
635
|
334,842
|
-
|
-
|
1,812,970
|
62.0
|
112,388
|
2
|
100%
|
1971
|
667
|
Gas/Oil
|
Intermediate
|
6
|
2,714
|
870,167
|
-
|
Combus Mod/Fuel Reburn
|
|||||
Delta
|
1
|
100%
|
1953
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
(103)
|
(1,339.8)
|
138
|
|
2
|
100%
|
1953
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
||||
Gerald Andrus
|
1
|
100%
|
1975
|
673
|
Gas/Oil
|
Intermediate
|
11,750
|
5
|
1,315
|
899,637
|
-
|
OFA
|
1,305,735
|
52.6
|
68,638
|
Natchez
|
1
|
100%
|
1951
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Rex Brown
|
1
|
100%
|
1948
|
-
|
Gas
|
Retired
|
18,400
|
-
|
-
|
-
|
-
|
-
|
77,637
|
142.3
|
11,047
|
|
3
|
100%
|
1951
|
40
|
Gas/Oil
|
Peaking
|
-
|
12
|
3,888
|
-
|
-
|
||||
|
4
|
100%
|
1959
|
193
|
Gas/Oil
|
Intermediate
|
1
|
258
|
102,074
|
-
|
-
|
||||
|
5
|
100%
|
1968
|
9
|
Oil
|
Peaking
|
-
|
-
|
-
|
-
|
-
|
||||
Independence
|
1
|
25%
|
1983
|
209
|
Coal
|
Base
|
10,284
|
3,145
|
1,184
|
1,198,924
|
61
|
OFA, ESP
|
2,597,385
|
32.6
|
84,717
|
2
|
25%
|
1984
|
210
|
Coal
|
Base
|
4,068
|
1,494
|
1,540,146
|
79
|
OFA, ESP
|
|||||
Total
|
3,420
|
9,837,710
|
43.1
|
424,193
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||||||||||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||||||||||||
(b) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||||||||||
(c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||||||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||||||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||||||||||
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
UTILITY STATISTICAL INFORMATION
|
||||||||||||||||||||
ENTERGY NEW ORLEANS, INC.
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
||||||||||||||||||||
Residential
|
197,197 | 174,108 | 175,994 | 196,391 | 167,794 | |||||||||||||||
Commercial
|
182,748 | 163,911 | 153,824 | 173,536 | 166,454 | |||||||||||||||
Industrial
|
34,916 | 31,374 | 29,800 | 35,826 | 37,225 | |||||||||||||||
Governmental
|
66,553 | 62,718 | 59,840 | 70,146 | 69,306 | |||||||||||||||
Total Retail
|
481,414 | 432,112 | 419,458 | 475,899 | 440,779 | |||||||||||||||
Sales for Resale
|
27,301 | 43,967 | 95,704 | 56,500 | 88,010 | |||||||||||||||
Other
|
16,326 | 11,554 | 14,066 | 10,703 | 7,196 | |||||||||||||||
Total Electric Operating Revenues
|
525,041 | 487,633 | 529,228 | 543,102 | 535,985 | |||||||||||||||
FUEL REVENUES (included in above revenues)
|
||||||||||||||||||||
Residential
|
75,362 | 56,274 | 59,406 | 65,146 | 62,017 | |||||||||||||||
Commercial
|
79,933 | 61,972 | 60,829 | 66,088 | 72,121 | |||||||||||||||
Industrial
|
18,964 | 15,354 | 15,310 | 17,253 | 19,103 | |||||||||||||||
Governmental
|
30,165 | 24,768 | 24,790 | 28,073 | 31,866 | |||||||||||||||
Total Retail Fuel Revenues
|
204,424 | 158,368 | 160,335 | 176,560 | 185,107 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
1,500 | 2,344 | 2,412 | 1,867 | 2,202 | |||||||||||||||
Coal
|
- | - | - | - | - | |||||||||||||||
Nuclear
|
- | - | - | - | - | |||||||||||||||
Hydro
|
- | - | - | - | - | |||||||||||||||
Total Net Generation
|
1,500 | 2,344 | 2,412 | 1,867 | 2,202 | |||||||||||||||
Purchased Power:
|
||||||||||||||||||||
Affiliated Companies
|
3,915 | 3,385 | 3,650 | 3,839 | 3,760 | |||||||||||||||
Non-affiliated Companies
|
462 | 448 | 489 | 511 | 590 | |||||||||||||||
Total Purchased Power
|
4,377 | 3,833 | 4,139 | 4,350 | 4,350 | |||||||||||||||
Total Sources of Energy
|
5,877 | 6,177 | 6,551 | 6,217 | 6,552 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales:
|
||||||||||||||||||||
Residential
|
1,867 | 1,772 | 1,888 | 1,858 | 1,577 | |||||||||||||||
Commercial
|
1,998 | 1,968 | 1,939 | 1,899 | 1,813 | |||||||||||||||
Industrial
|
481 | 484 | 498 | 503 | 526 | |||||||||||||||
Governmental
|
758 | 785 | 795 | 809 | 805 | |||||||||||||||
Total Retail
|
5,104 | 5,009 | 5,120 | 5,069 | 4,721 | |||||||||||||||
Sales for Resale
|
508 | 986 | 1,186 | 919 | 1,543 | |||||||||||||||
Unbilled Energy
|
28 | (2 | ) | (1 | ) | (18 | ) | 29 | ||||||||||||
Total Electric Energy Sales
|
5,640 | 5,993 | 6,305 | 5,970 | 6,293 | |||||||||||||||
Line Losses and Company Usage
|
237 | 184 | 246 | 247 | 259 | |||||||||||||||
Total Uses of Energy
|
5,877 | 6,177 | 6,551 | 6,217 | 6,552 | |||||||||||||||
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||||||||||||
Residential
|
10.56 | 9.82 | 9.32 | 10.57 | 10.64 | |||||||||||||||
Commercial
|
9.15 | 8.33 | 7.93 | 9.14 | 9.18 | |||||||||||||||
Industrial
|
7.26 | 6.48 | 5.98 | 7.12 | 7.08 | |||||||||||||||
Governmental
|
8.78 | 7.99 | 7.53 | 8.67 | 8.61 | |||||||||||||||
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||||||||||||
(as of December 31)
|
||||||||||||||||||||
Residential
|
149,639 | 146,706 | 142,680 | 138,659 | 132,602 | |||||||||||||||
Commercial
|
14,430 | 14,155 | 13,920 | 14,079 | 13,064 | |||||||||||||||
Industrial
|
2,163 | 2,112 | 2,288 | 2,277 | 2,311 | |||||||||||||||
Governmental
|
1,759 | 1,769 | 1,738 | 2,079 | 1,747 | |||||||||||||||
Total Retail Customers
|
167,991 | 164,742 | 160,626 | 157,094 | 149,724 | |||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||||||||||||
ENTERGY NEW ORLEANS, INC.
|
|||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg(b) |
|
GENERATION
|
PER NET
|
EXPENSE
|
|||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(d)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(c)
|
(MWH)
|
MWH
|
($000)
|
A. B. Paterson
|
3
|
100%
|
1950
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
|
4
|
100%
|
1954
|
-
|
Gas/Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
Michoud
|
1
|
100%
|
1957
|
-
|
Gas/Oil
|
Retired
|
11,272
|
-
|
-
|
-
|
-
|
-
|
1,499,897
|
62.0
|
93,026
|
|
2
|
100%
|
1963
|
239
|
Gas/Oil
|
Intermediate
|
2
|
539
|
357,721
|
-
|
-
|
|
|
|
|
|
3
|
100%
|
1967
|
542
|
Gas/Oil
|
Intermediate
|
3
|
616
|
631,615
|
-
|
Combus Mod/Fuel Reburn
|
|
|
|
|
A. B. Paterson
|
5
|
100%
|
1967
|
-
|
Oil
|
Retired
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Total
|
781
|
1,499,897
|
62.0
|
93,026
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||||||||||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||||||||||||
(b) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||||||||||
(c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||||||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||||||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||||||||||
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
SYSTEM ENERGY RESOURCES, INC.
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
735,089 | 622,118 | 563,411 | 558,584 | 554,007 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
- | - | - | - | - | |||||||||||||||
Coal
|
- | - | - | - | - | |||||||||||||||
Nuclear
|
9,775 | 6,562 | 9,293 | 8,677 | 9,898 | |||||||||||||||
Hydro
|
- | - | - | - | - | |||||||||||||||
Total Net Generation
|
9,775 | 6,562 | 9,293 | 8,677 | 9,898 | |||||||||||||||
Purchased Power
|
- | - | - | - | - | |||||||||||||||
Total Sources of Energy
|
9,775 | 6,562 | 9,293 | 8,677 | 9,898 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales
|
9,794 | 6,602 | 9,293 | 8,692 | 9,898 | |||||||||||||||
Unbilled Energy
|
- | - | - | - | - | |||||||||||||||
Line Losses and Company Usage
|
(19 | ) | (40 | ) | - | (15 | ) | - | ||||||||||||
Total Uses of Energy
|
9,775 | 6,562 | 9,293 | 8,677 | 9,898 | |||||||||||||||
Totals may not foot due to rounding.
|
SYSTEM ENERGY RESOURCES, INC.
|
|||||||||||||||
|
|
||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg
|
GENERATION
|
PER NET
|
EXPENSE
|
||||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(c)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY
|
(MWH)
|
MWH
|
($000)
|
Grand Gulf
|
1
|
90%
|
1985
|
1,272
|
Nuclear BWR(b)
|
Base
|
10,503
|
-
|
-
|
-
|
-
|
-
|
9,793,557
|
25.8
|
253,974
|
Total
|
1,272
|
9,793,557
|
25.8
|
253,974
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments)
|
|||||||||||||||
that each station was designed to utilize. Reflects estimate of the rerate for recovered performance (~ 55 MW) and uprate (~ 178 MW) completed in 2012. Approved Summer 2013 rating is 1,277 MW.
|
|||||||||||||||
(b) BWR = Boiling Water Reactor.
|
|||||||||||||||
(c) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
UTILITY STATISTICAL INFORMATION
|
||||||||||||||||||||
ENTERGY TEXAS, INC.
|
||||||||||||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
||||||||||||||||
ELECTRIC OPERATING REVENUES ($ thousands)
|
||||||||||||||||||||
Residential
|
596,396 | 553,107 | 638,161 | 558,733 | 533,146 | |||||||||||||||
Commercial
|
327,299 | 325,342 | 368,614 | 320,935 | 336,876 | |||||||||||||||
Industrial
|
324,767 | 299,441 | 351,731 | 305,455 | 332,303 | |||||||||||||||
Governmental
|
23,535 | 22,940 | 25,955 | 22,527 | 22,797 | |||||||||||||||
Total Retail
|
1,271,997 | 1,200,830 | 1,384,461 | 1,207,650 | 1,225,122 | |||||||||||||||
Sales for Resale
|
416,285 | 348,783 | 336,555 | 449,233 | 303,682 | |||||||||||||||
Other
|
40,517 | 31,883 | 36,183 | 33,548 | 35,019 | |||||||||||||||
Total Electric Operating Revenues
|
1,728,799 | 1,581,496 | 1,757,199 | 1,690,431 | 1,563,823 | |||||||||||||||
FUEL REVENUES (included in above revenues)
|
||||||||||||||||||||
Residential
|
164,417 | 164,387 | 231,058 | 228,693 | 250,230 | |||||||||||||||
Commercial
|
127,596 | 128,204 | 166,223 | 164,098 | 186,662 | |||||||||||||||
Industrial
|
181,602 | 165,768 | 214,474 | 210,357 | 229,164 | |||||||||||||||
Governmental
|
8,043 | 8,070 | 10,836 | 10,333 | 11,479 | |||||||||||||||
Total Retail Fuel Revenues
|
481,658 | 466,429 | 622,591 | 613,481 | 677,535 | |||||||||||||||
SOURCES OF ENERGY (GWh)
|
||||||||||||||||||||
Net Generation:
|
||||||||||||||||||||
Gas & Oil
|
5,551 | 5,170 | 6,521 | 6,355 | 6,184 | |||||||||||||||
Coal
|
1,483 | 1,503 | 1,925 | 1,874 | 1,827 | |||||||||||||||
Nuclear
|
- | - | - | - | - | |||||||||||||||
Hydro
|
- | - | - | - | - | |||||||||||||||
Total Net Generation
|
7,034 | 6,673 | 8,446 | 8,229 | 8,011 | |||||||||||||||
Purchased Power:
|
||||||||||||||||||||
Affiliated Companies
|
5,538 | 5,754 | 6,546 | 7,537 | 6,349 | |||||||||||||||
Non-affiliated Companies
|
12,381 | 11,423 | 8,159 | 6,478 | 6,034 | |||||||||||||||
Total Purchased Power
|
17,919 | 17,177 | 14,705 | 14,016 | 12,383 | |||||||||||||||
Total Sources of Energy
|
24,953 | 23,850 | 23,151 | 22,245 | 20,394 | |||||||||||||||
USES OF ENERGY (GWh)
|
||||||||||||||||||||
Electric Energy Sales:
|
||||||||||||||||||||
Residential
|
5,726 | 5,604 | 6,034 | 5,958 | 5,453 | |||||||||||||||
Commercial
|
4,402 | 4,396 | 4,433 | 4,271 | 4,165 | |||||||||||||||
Industrial
|
6,404 | 6,066 | 6,102 | 5,642 | 5,570 | |||||||||||||||
Governmental
|
282 | 278 | 294 | 271 | 258 | |||||||||||||||
Total Retail
|
16,814 | 16,344 | 16,863 | 16,142 | 15,446 | |||||||||||||||
Sales for Resale
|
6,999 | 6,530 | 5,416 | 5,058 | 3,861 | |||||||||||||||
Unbilled Energy
|
115 | (64 | ) | (11 | ) | 10 | 104 | |||||||||||||
Total Electric Energy Sales
|
23,928 | 22,810 | 22,268 | 21,210 | 19,411 | |||||||||||||||
Line Losses and Company Usage
|
1,025 | 1,040 | 883 | 1,035 | 983 | |||||||||||||||
Total Uses of Energy
|
24,953 | 23,850 | 23,151 | 22,245 | 20,394 | |||||||||||||||
AVERAGE ELECTRIC REVENUE (cents/KWh)
|
||||||||||||||||||||
Residential
|
10.42 | 9.87 | 10.58 | 9.38 | 9.78 | |||||||||||||||
Commercial
|
7.44 | 7.40 | 8.32 | 7.51 | 8.09 | |||||||||||||||
Industrial
|
5.07 | 4.94 | 5.76 | 5.41 | 5.97 | |||||||||||||||
Governmental
|
8.35 | 8.25 | 8.83 | 8.31 | 8.84 | |||||||||||||||
NUMBER OF RETAIL ELECTRIC CUSTOMERS
|
||||||||||||||||||||
(as of December 31)
|
||||||||||||||||||||
Residential
|
368,347 | 364,997 | 360,909 | 356,999 | 352,682 | |||||||||||||||
Commercial
|
45,825 | 45,247 | 44,760 | 44,080 | 43,375 | |||||||||||||||
Industrial
|
5,143 | 4,932 | 4,809 | 4,815 | 4,896 | |||||||||||||||
Governmental
|
2,310 | 2,271 | 2,248 | 2,213 | 2,159 | |||||||||||||||
Total Retail Customers
|
421,625 | 417,447 | 412,726 | 408,107 | 403,112 | |||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||||||||||||
ENTERGY TEXAS, INC.
|
|||||||||||||||
GENERATION PORTFOLIO
|
|||||||||||||||
PLANT
|
TOTAL PLANT – 2013
|
||||||||||||||
OWNED &
|
AVG BTU
|
TOTAL
|
|||||||||||||
LEASED
|
PER KWH
|
Emissions
|
NET
|
EXPENSES
|
PRODUCTION
|
||||||||||
COMMERCIAL
|
CAPABILITY
|
NET
|
SO2
|
NOx
|
CO2
|
Hg(b)
|
GENERATION
|
PER NET
|
EXPENSE
|
||||||
PLANT
|
UNIT
|
OWNERSHIP
|
OPERATION
|
(MW)(a)
|
FUEL TYPE
|
PURPOSE
|
GENERATION(d)
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(c)
|
(MWH)
|
MWH
|
($000)
|
Roy S. Nelson
|
6
|
30%
|
1982
|
163
|
Coal
|
Base
|
11,410
|
3,408
|
832
|
1,090,876
|
54
|
LNB w/ Sep OFA, ESP
|
887,702
|
41.3
|
36,650
|
Big Cajun 2
|
3
|
18%
|
1983
|
108
|
Coal
|
Base
|
10,350
|
2,131
|
537
|
709,845
|
36
|
LNB w/ OFA, ESP
|
594,827
|
32.1
|
19,140
|
Lewis Creek
|
1
|
100%
|
1970
|
230
|
Gas/Oil
|
Intermediate
|
11,600
|
3
|
99
|
609,455
|
-
|
SCR
|
1,454,982
|
55.5
|
80,700
|
|
2
|
100%
|
1971
|
230
|
Gas/Oil
|
Intermediate
|
2
|
91
|
405,077
|
-
|
SCR
|
|
|||
Sabine
|
1
|
100%
|
1962
|
212
|
Gas/Oil
|
Intermediate
|
11,470
|
2
|
520
|
368,504
|
-
|
-
|
4,096,269
|
50.1
|
205,010
|
|
2
|
100%
|
1962
|
212
|
Gas/Oil
|
Intermediate
|
2
|
311
|
365,962
|
-
|
-
|
|
|||
|
3
|
100%
|
1966
|
396
|
Gas/Oil
|
Intermediate
|
3
|
543
|
595,308
|
-
|
LNB w/ Sep OFA
|
|
|
||
|
4
|
100%
|
1974
|
533
|
Gas
|
Intermediate
|
5
|
1,037
|
1,036,520
|
-
|
Combus Mod/Fuel Reburn
|
|
|
||
|
5
|
100%
|
1979
|
470
|
Gas/Oil
|
Intermediate
|
2
|
278
|
401,380
|
-
|
LNB w/ Closed-coupled OFA
|
|
|
|
|
Total
|
2,554
|
7,033,780
|
48.6
|
341,500
|
|||||||||||
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||||||||||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||||||||||||
(b) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||||||||||
(c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||||||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||||||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||||||||||
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
|
|||||||||||||||
Calculations may differ due to rounding.
|
|||||||||||||||
UTILITY STATISTICAL INFORMATION
|
|||||
UTILITY NUCLEAR PLANT STATISTICS
|
|||||
The following table shows plant performance for 2009 – 2013 based on 18/24 month operating cycle.
|
|||||
CAPABILITY FACTOR (%)
|
2013
|
2012
|
2011
|
2010
|
2009
|
ANO
|
79.5
|
93.7
|
92.1
|
92.3
|
90.9
|
Grand Gulf
|
74.6
|
77.3
|
90.7
|
92.4
|
92.1
|
River Bend
|
90.0
|
90.3
|
93.4
|
92.7
|
94.2
|
Waterford 3
|
80.7
|
85.6
|
91.4
|
91.4
|
91.4
|
Entergy Southeast Average
|
80.8
|
88.1
|
91.9
|
92.2
|
91.9
|
Industry Average
|
89.1
|
86.8
|
89.3
|
89.3
|
90.2
|
The following table shows plant performance for 2013 and averages for four three-year periods.
|
|||||
PRODUCTION COST ($/MWh)(a)
|
2013
|
2010-2012
|
2009–2011
|
2008–2010
|
2007–2009
|
ANO
|
22.9
|
20.6
|
19.8
|
18.5
|
17.2
|
Grand Gulf
|
25.9
|
23.1
|
19.8
|
18.8
|
17.7
|
River Bend
|
27.3
|
24.6
|
23.2
|
23.4
|
22.9
|
Waterford 3
|
25.1
|
22.2
|
20.8
|
19.3
|
18.1
|
Entergy Southeast Average
|
25.1
|
22.3
|
20.6
|
19.6
|
18.5
|
Industry Average
|
—
|
22.9
|
21.7
|
20.4
|
19.4
|
(a) Fuel and non-fuel operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh;
|
|||||
includes special items to conform with FERC Form 1 definition
|
|||||
INDIVIDUAL PLANT INFORMATION
|
|||||
ANO
|
GRAND GULF
|
RIVER BEND
|
WATERFORD 3
|
||
UNIT 1
|
UNIT 2
|
||||
Owner
|
Entergy
|
Entergy
|
System Energy-90%
|
Entergy
|
Entergy
|
|
Arkansas
|
Arkansas
|
South Mississippi
|
Gulf States
|
Louisiana
|
|
|
|
Electric Power
|
Louisiana
|
|
|
|
|
Association-10%
|
|
|
Commercial Operation Date
|
December 74
|
March 80
|
July 85
|
June 86
|
September 85
|
License Expiration Date
|
5/20/34
|
7/17/38
|
11/1/24
|
8/29/25
|
12/18/24
|
Architect/Engineer
|
Bechtel Power
|
Bechtel Power
|
Bechtel Power
|
Stone & Webster
|
Ebasco
|
Reactor Manufacturer
|
Babcox &
|
Combustion
|
General
|
General
|
Combustion
|
|
Wilcox
|
Engineering
|
Electric
|
Electric
|
Engineering
|
Reactor Type
|
PWR
|
PWR
|
BWR
|
BWR
|
PWR
|
Turbine Generator Manufacturer
|
Westinghouse
|
General Electric
|
Kraftwerk Union
|
General Electric
|
Westinghouse
|
Owned and Leased Capability (MW)(a)
|
834
|
985
|
1,272
|
968
|
1,156
|
Refueling Data:
|
|
|
|
|
|
Last Date
|
3/24/13 -
|
5/11/14 -
|
2/9/14 -
|
2/17/13 -
|
4/13/14 -
|
|
8/7/13
|
6/12/14
|
3/16/14
|
3/20/13
|
5/14/14
|
Number of Days
|
136(d)
|
32
|
34
|
31
|
32
|
Next Scheduled Refueling
|
Spring 15
|
Fall 15
|
Spring 16
|
Spring 15
|
Fall 15
|
2013 Capability Factor (%)
|
73.8
|
85.1
|
74.6
|
90.0
|
80.7
|
($ millions as of December 31, 2013)
|
|
|
|
|
|
Net Book Value
|
1,200(b)
|
1,869
|
1,446(c)
|
2,055
|
|
Decommissioning Trust Fair Values
|
711(b)
|
604
|
574(c)
|
347
|
|
Decommissioning Liability
|
715(b)
|
465
|
392(c)
|
616
|
|
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
|
|||||
(assuming no curtailments) that each station was designed to utilize.
|
|||||
(b) ANO Units 1 and 2 are reported together.
|
|||||
(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various
|
|||||
municipal authorities, and is included in non-utility property on the balance sheet. The decommissioning trust fund balance and decommissioning liability
|
|||||
include amounts for the 30% not subject to rate regulation.
|
|||||
(d) On March 31, 2013, during a scheduled refueling outage at ANO 1, a contractor-owned and operated heavy-lifting apparatus collapsed while moving the generator
|
|||||
stator out of the turbine building. The collapse damaged the ANO turbine building. The outage duration reflects extensive restoration efforts, including damage evaluation
|
|||||
repairs to non-reactor plant components and rescheduling the unit’s refueling activities.
|
|||||
UTILITY REGULATORY INFORMATION
|
|||||
STATE REGULATORY COMMISSIONS
|
|||||
ARKANSAS
|
LOUISIANA
|
MISSISSIPPI
|
NEW ORLEANS
|
TEXAS
|
|
Commission
|
Arkansas Public
|
Louisiana
|
Mississippi
|
New Orleans
|
Public Utility
|
|
Service
|
Public Service
|
Public Service
|
City Council
|
Commission
|
|
Commission
|
Commission
|
Commission
|
|
of Texas
|
Number of Commissioners
|
3
|
5
|
3
|
7
|
3
|
Method of Selection
|
Appointed by
|
Elected
|
Elected
|
Elected
|
Appointed by
|
Governor
|
|
|
|
Governor
|
|
Term of Office
|
6 years –
|
6 years –
|
4 years –
|
4 years –
|
6 years –
|
staggered
|
staggered
|
concurrent
|
concurrent
|
staggered
|
|
|
|
|
|
(2 term limit)
|
|
Chair/President
|
Appointed by
|
Selected by
|
Rotates every
|
Rotates annually
|
Appointed by
|
|
Governor
|
peers – 1 year
|
1 - 2 years, as
|
from the
|
Governor
|
|
|
term
|
determined by members
|
at-large positions
|
|
COMMISSION/COUNCIL MEMBERS
|
|||||
|
|
CURRENT
|
|||
PARTY
|
SERVICE BEGAN
|
TERM ENDS
|
|||
ARKANSAS
|
|
|
|
||
Colette Honorable – Chair
|
Democrat
|
10/07
|
1/17
|
||
Olan W. Reeves
|
unknown
|
1/09
|
1/15
|
||
Elana C. Wills
|
unknown
|
1/11
|
1/13(a)
|
||
LOUISIANA
|
|
|
|
||
Foster L. Campbell, Jr.
|
Democrat
|
1/03
|
12/14
|
||
Scott A. Angelle
|
Republican
|
1/13
|
12/18
|
||
Lambert C. Boissiere, III
|
Democrat
|
1/05
|
12/16
|
||
Eric Skrmetta – Chairman
|
Republican
|
1/09
|
12/14
|
||
Clyde C. Holloway
|
Republican
|
4/09
|
12/16
|
||
MISSISSIPPI
|
|
|
|
||
Lynn Posey – Chairman (2013)
|
Republican
|
1/08
|
12/15
|
||
R. Stephen Renfroe – Vice-Chairman (2013)
|
Republican
|
9/13
|
12/15
|
||
Brandon Presley
|
Democrat
|
1/08
|
12/15
|
||
NEW ORLEANS
|
|
|
|
||
Stacy Head
|
Democrat
|
5/06
|
5/18
|
||
Jason Rogers Williams - Chair of Utility Committee
|
Democrat
|
5/14
|
5/18
|
||
Susan Guidry
|
Democrat
|
5/10
|
5/18
|
||
LaToya Cantrell
|
Democrat
|
12/12
|
5/18
|
||
Nadine Ramsey
|
Democrat
|
5/14
|
5/18
|
||
Jared Brossett
|
Democrat
|
5/14
|
5/18
|
||
James Gray II
|
Democrat
|
12/12
|
5/18
|
||
TEXAS
|
|
|
|
||
Donna L. Nelson – Chair
|
Republican
|
8/08
|
8/15
|
||
Kenneth W. Anderson Jr.
|
Republican
|
9/08
|
8/17
|
||
Brandy D. Marty
|
Republican
|
8/13
|
9/19
|
||
(a) Commissioner Wills' term has expired, however no one has been appointed to replace her yet; she will serve until she is replaced
|
|||||
UTILITY ELECTRIC AND GAS FUEL RECOVERY MECHANISMS
|
||||||
|
DEFERRED FUEL* BALANCE AS OF DECEMBER 31,
|
|||||
COMPANY
|
2013
|
2012
|
2011
|
2010
|
2009
|
FUEL RECOVERY MECHANISM
|
($ millions)
|
|
|||||
EAI
|
68.7
|
97.3
|
209.8
|
61.5
|
122.8
|
Annual reset in April based on prior calendar year fuel and purchased power costs adjusted for
|
|
nuclear refueling outages and projected sales plus any under- or over-recovered fuel balance
|
|||||
|
for the prior calendar year.
|
|||||
EGSL(a)
|
109.7
|
99.2
|
2.9
|
77.8
|
57.8
|
Electric: Monthly reset based on fuel and purchased power costs from two months prior
|
|
plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
|
|||||
|
Gas: Monthly reset based on estimated gas costs plus a surcharge with an annual reset calculated
|
|||||
by taking the over- or under- recovered balance at the end of June and dividing by the
|
||||||
|
projected sales for the next 12 months.
|
|||||
ELL(a)
|
37.6
|
94.6
|
1.5
|
8.8
|
66.4
|
Monthly reset based on fuel and purchased power costs from two months prior plus surcharge
|
|
or credit for 1/12 of under- or over-recovered fuel balance.
|
|||||
EMI
|
38.1
|
26.5
|
(15.8)
|
3.2
|
(72.9)
|
Annual reset based on projected fuel and purchased power costs and projected sales plus any
|
|
under- or over-recovered energy costs as of the 12-month period ended September 30.
|
|||||
ENOI(a)
|
(19.1)
|
1.9
|
(7.5)
|
(2.8)
|
8.1
|
Electric: On April 2, 2009 the New Orleans City Council approved a new Fuel Adjustment Clause tariff
|
that calculates a monthly rate based on fuel and purchased power costs from two months prior.
|
||||||
A surcharge or credit will be calculated on any under- or over-recovered fuel balance based on the
|
||||||
most recent 12 months actual kWh sales. Under the new tariff Grand Gulf non-fuel costs are
|
||||||
recovered through base rates. Any incremental monthly Grand Gulf non-fuel costs are included in
|
||||||
the Fuel Adjustment Clause. Resource Plan non-fuel costs are collected through the Fuel
|
||||||
Adjustment Clause. The new tariff became effective on June 1, 2009.
|
||||||
|
Gas: Monthly reset based on estimated gas costs plus a surcharge or credit for the under- or
|
|||||
|
over-recovered fuel balance based on the most recent 12 months Mcf sales.
|
|||||
ETI
|
(4.1)
|
(93.3)
|
(64.7)
|
(77.4)
|
(102.7)
|
Semi-annual reset of fuel factor in March and September based on the market price of natural gas
|
|
plus surcharge or refund for material under- or over-recoveries based on actual costs.
|
|||||
Total
|
230.9
|
226.2
|
126.2
|
71.1
|
79.5
|
|
Totals may not foot due to rounding.
|
||||||
(a) All years include $100.1 million for Entergy Gulf States Louisiana, $68 million for Entergy Louisiana and $4.1 million for Entergy New Orleans of fuel, purchased power, and capacity
|
||||||
costs, which do not currently earn a return on investment and whose recovery periods are indeterminate but are expected to be over a period greater than twelve months.
|
||||||
* Deferred fuel costs = revenues collected minus current fuel and purchased power costs; amount includes rough production cost equalization payments/receipts due to/from
|
||||||
customers for EAI, ETI and ENOI
|
||||||
ENTERGY WHOLESALE COMMODITIES
|
|||||||||||
EWC QUARTERLY FINANCIAL METRICS
|
|||||||||||
|
2013
|
2012
|
|||||||||
1Q
|
2Q
|
3Q
|
4Q
|
YTD
|
1Q
|
2Q
|
3Q
|
4Q
|
YTD
|
% CHANGE
|
|
GAAP MEASURES
|
|
|
|
|
|
|
|
|
|
|
|
As-Reported Net Income ($ millions)
|
82.1
|
11.5
|
(92.8)
|
42.1
|
42.9
|
(175.9)
|
70.8
|
86.8
|
58.8
|
40.4
|
6
|
Return on Average Invested Capital – As-Reported (%)*
|
5.5
|
4.5
|
1.3
|
1.0
|
1.0
|
3.9
|
3.4
|
2.7
|
0.9
|
0.9
|
11
|
Return on Average Common Equity – As-Reported (%)*
|
5.5
|
4.4
|
1.1
|
0.9
|
0.9
|
3.9
|
3.3
|
2.7
|
0.8
|
0.8
|
13
|
Debt to Capital Ratio (%)
|
2.0
|
2.0
|
5.7
|
4.0
|
4.0
|
3.7
|
2.5
|
2.4
|
2.1
|
2.1
|
90
|
NON-GAAP MEASURES
|
|||||||||||
Operational Adjusted EBITDA ($ millions)
|
194
|
61
|
165
|
133
|
553
|
144
|
127
|
185
|
161
|
618
|
(11)
|
Operational Earnings ($ millions)
|
82.1
|
12.7
|
82.3
|
85.6
|
262.7
|
47.5
|
70.8
|
86.8
|
58.8
|
263.9
|
-
|
Return on Average Invested Capital – Operational (%)*
|
5.5
|
4.5
|
4.5
|
5.3
|
5.3
|
7.9
|
7.4
|
6.7
|
5.0
|
5.0
|
6
|
Return on Average Common Equity – Operational (%)*
|
5.5
|
4.4
|
4.5
|
5.3
|
5.3
|
8.2
|
7.6
|
7.0
|
5.0
|
5.0
|
6
|
Net Debt to Net Capital Ratio (%)
|
(1.0)
|
(0.5)
|
3.5
|
0.5
|
0.5
|
(1.0)
|
0.6
|
(1.2)
|
(0.6)
|
(0.6)
|
(183)
|
*Rolling twelve months.
|
|
|
|
|
|
|
|
|
|
|
|
Certain prior year data has been reclassified to conform with current year presentation.
|
|
|
|
|
|
|
|||||
Totals may not foot due to rounding.
|
|||||||||||
EWC ANNUAL FINANCIAL METRICS
|
|||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||
GAAP MEASURES
|
|
||||||||||
As-Reported Net Income ($ millions)
|
42.9
|
40.4
|
488.6
|
447.4
|
606.7
|
||||||
Return on Average Invested Capital – As-Reported (%)
|
1.0
|
0.9
|
9.1
|
9.5
|
13.7
|
||||||
Return on Average Common Equity – As-Reported (%)
|
0.9
|
0.8
|
9.7
|
10.5
|
16.9
|
||||||
Debt to Capital Ratio (%)
|
4.0
|
2.1
|
3.6
|
15.3
|
23.7
|
||||||
NON-GAAP MEASURES
|
|||||||||||
Operational Adjusted EBITDA ($ millions)
|
553
|
618
|
862
|
1,048
|
1,230
|
||||||
Operational Earnings ($ millions)
|
262.7
|
263.9
|
488.6
|
548.1
|
650.7
|
||||||
Return on Average Invested Capital – Operational (%)
|
5.3
|
5.0
|
9.1
|
11.4
|
14.6
|
||||||
Return on Average Common Equity – Operational (%)
|
5.3
|
5.0
|
9.7
|
12.9
|
18.1
|
||||||
Net Debt to Net Capital Ratio (%)
|
0.5
|
(0.6)
|
(2.2)
|
7.8
|
16.4
|
||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
|||||||||||
EWC QUARTERLY OPERATIONAL METRICS
|
|||||||||||
|
2013
|
2012
|
YTD
|
||||||||
1Q
|
2Q
|
3Q
|
4Q
|
YTD
|
1Q
|
2Q
|
3Q
|
4Q
|
YTD
|
% CHANGE
|
|
Owned Capacity (MW)
|
6,612
|
6,612
|
6,612
|
6,068
|
6,068
|
6,612
|
6,612
|
6,612
|
6,612
|
6,612
|
(8)
|
Average Realized Revenue/MWh
|
$ 58.66
|
$ 47.36
|
$ 53.22
|
$ 45.05
|
$ 50.86
|
$ 49.29
|
$ 48.27
|
$ 51.88
|
$ 50.56
|
$ 50.02
|
2
|
Non-Fuel O&M Expense per MWh(a)
|
$ 25.22
|
$ 25.69
|
$ 25.28
|
$ 25.10
|
$ 25.32
|
$ 23.93
|
$ 24.07
|
$ 23.15
|
$ 23.52
|
$ 23.66
|
7
|
Billed GWh
|
10,387
|
11,172
|
11,630
|
11,938
|
45,127
|
11,281
|
11,674
|
12,002
|
11,221
|
46,178
|
(2)
|
EWC Nuclear
|
|||||||||||
Average Realized Revenue/MWh
|
$ 57.82
|
$ 46.40
|
$ 53.16
|
$ 44.15
|
$ 50.15
|
$ 50.32
|
$ 48.67
|
$ 52.27
|
$ 49.88
|
$ 50.29
|
(0)
|
Production Cost/MWh
|
$ 25.94
|
$ 29.16
|
$ 25.32
|
$ 25.37
|
$ 26.35
|
$ 25.85
|
$ 26.61
|
$ 26.14
|
$ 26.18
|
$ 26.19
|
1
|
Non-Fuel O&M Expense per MWh
|
$ 27.40
|
$ 28.28
|
$ 27.39
|
$ 26.82
|
$ 27.45
|
$ 26.37
|
$ 25.59
|
$ 25.46
|
$ 24.44
|
$ 25.45
|
8
|
Billed GWh
|
9,246
|
9,789
|
10,274
|
10,858
|
40,167
|
9,838
|
10,426
|
10,480
|
10,298
|
41,042
|
(2)
|
Capacity Factor
|
83%
|
82%
|
94%
|
97%
|
89%
|
88%
|
85%
|
90%
|
90%
|
89%
|
-
|
(a) 2012 and 2013 exclude the effect of the special item for the Vermont Yankee asset impairment/related charges; 2013 excludes the effect of the special item for HCM implementation expenses
|
|||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
|||||||||||
Totals may not foot due to rounding.
|
|||||||||||
EWC ANNUAL OPERATIONAL METRICS
|
|||||||||||
2013
|
2012
|
2011
|
2010
|
2009
|
|||||||
Owned Capacity (MW)
|
6,068
|
6,612
|
6,599
|
6,351
|
6,351
|
||||||
Average Realized Revenue/MWh
|
$ 50.86
|
$ 50.02
|
$ 54.50
|
$ 59.04
|
$ 60.46
|
||||||
Non-Fuel O&M Expense per MWh(a)(b)
|
$ 25.32
|
$ 23.66
|
$ 24.28
|
$ 26.76
|
$ 24.45
|
||||||
Billed GWh
|
45,127
|
46,178
|
43,497
|
42,682
|
43,969
|
||||||
EWC Nuclear
|
|||||||||||
Net MW in Operation
|
5,011
|
5,011
|
4,998
|
4,998
|
4,998
|
||||||
Average Realized Price/MWh
|
$ 50.15
|
$ 50.29
|
$ 54.73
|
$ 59.16
|
$ 61.07
|
||||||
Production Cost/MWh(b)
|
$ 26.35
|
$ 26.19
|
$ 25.21
|
$ 25.27
|
$ 23.26
|
||||||
Non-Fuel O&M Expense per MWh(a)(b)
|
$ 27.45
|
$ 25.45
|
$ 25.25
|
$ 25.66
|
$ 22.92
|
||||||
Billed GWh
|
40,167
|
41,042
|
40,918
|
39,655
|
40,981
|
||||||
Capacity Factor
|
89%
|
89%
|
93%
|
90%
|
93%
|
||||||
(a) 2010 and 2009 exclude the effects of the non-utility nuclear spin-off expenses special items at EWC Nuclear.
|
|||||||||||
(b) 2012 and 2013 exclude the effect of the special item for the Vermont Yankee asset impairment/related charges; 2013 excludes the effect of the special item for HCM implementation expenses
|
|||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
|||||||||||
Totals may not foot due to rounding.
|
|||||||||||
TOTAL CAPACITY
|
|||||||||||
|
OPERATED |
OWNED CAPACITY
|
|||||||||
As of December 2013.
|
PLANTS
|
UNITS
|
MW
|
MW
|
%
|
||||||
Gas/Oil (c)
|
1
|
3
|
583(b)
|
796
|
13
|
||||||
Coal
|
-
|
-
|
-
|
181
|
3
|
||||||
Total Fossil
|
1
|
3
|
583
|
977
|
16
|
||||||
Wind
|
-
|
-
|
-
|
80
|
1
|
||||||
Nuclear
|
6
|
7
|
5,811(a) |
|
5,011
|
83
|
|||||
Total Capacity
|
7
|
10
|
6,394
|
6,068
|
100
|
||||||
(a) Operated capacity includes management services contracts.
|
|||||||||||
(b) Excludes units operated by Entergy’s utility companies.
|
|||||||||||
(c) In November 2013, Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
|
|||||||||||
ENTERGY WHOLESALE COMMODITIES
|
|||||||
EWC NUCLEAR PLANT STATISTICS
|
|||||||
JAMES A.
|
INDIAN POINT
|
PALISADES
|
PILGRIM
|
VERMONT
|
|||
FITZPATRICK
|
UNIT 2
|
UNIT 3
|
NUCLEAR PLANT
|
NUCLEAR STATION
|
YANKEE(f)
|
||
Entergy Purchase Date
|
11/21/00
|
9/6/01
|
11/21/00
|
4/11/07
|
7/13/99
|
7/31/02
|
|
Commercial Operation Date
|
July 75
|
August 74
|
August 76
|
December 71
|
December 72
|
November 72
|
|
License Expiration Date
|
10/17/34
|
9/28/13 (g)
|
12/12/15
|
3/24/31
|
6/8/32
|
3/21/32
|
|
Architect/Engineer
|
Stone &
|
United
|
United
|
Combustion
|
Bechtel
|
Ebasco
|
|
Webster
|
Engineers &
|
Engineers &
|
Engineering
|
Power
|
|
||
Constructors
|
Constructors
|
||||||
Reactor Manufacturer
|
General
|
Westinghouse
|
Westinghouse
|
Combustion
|
General
|
General
|
|
Electric
|
Engineering
|
Electric
|
Electric
|
||||
Reactor Type
|
BWR
|
PWR
|
PWR
|
PWR
|
BWR
|
BWR
|
|
Turbine Generator Manufacturer
|
General Electric
|
Westinghouse
|
Westinghouse
|
Westinghouse
|
General Electric
|
General Electric
|
|
Net MWs in Operation (MW)
|
838
|
1,028
|
1,041
|
811
|
688
|
605
|
|
(as of December 31, 2013)
|
|
|
|
|
|
|
|
Refueling Data:
|
|
|
|
|
|
|
|
Last Date
|
9/16/12 –
|
2/24/14 –
|
3/4/13 –
|
1/19/14 –
|
4/14/13 –
|
3/9/13 –
|
|
|
10/19/12
|
3/19/14
|
3/31/13
|
3/16/14
|
5/30/13
|
4/5/13
|
|
Number of Days
|
34
|
23
|
28
|
56
|
45
|
27
|
|
Next Scheduled Refueling
|
Late Summer 14
|
Spring 16
|
Spring 15
|
Fall 15
|
Spring 15
|
n/a
|
|
2013 Capacity Factor
|
92%
|
98%
|
91%
|
86%
|
73%
|
91%
|
|
Spent Fuel Storage Thru
|
2002
|
2006
|
2009
|
1991
|
2015
|
n/a
|
|
Begin Dry Cask Loading
|
2002
|
2007
|
2010
|
1993
|
2014
|
n/a
|
|
($ millions as of December 31, 2013)
|
|
|
|
|
|
|
|
Net Book Value
|
569
|
896
|
924
|
782
|
359
|
29 (e)
|
|
Decommissioning Trust Fund Balance
|
(a)
|
876 (b)
|
(a)
|
354
|
825
|
612
|
|
Decommissioning Liability
|
(a)
|
511 (b)
|
(a)
|
353
|
355
|
478
|
|
Nearest Market Hub
|
NYISO
|
NYISO
|
NYISO
|
MISO
|
NEPOOL
|
NEPOOL
|
|
Zone A(c)
|
Zone G(d)
|
Zone G(d)
|
Indiana
|
Mass Hub
|
Mass Hub
|
||
Capacity Zone (ICAP/UCAP)
|
NYISO
|
NYISO
|
NYISO
|
MISO
|
NEPOOL
|
NEPOOL
|
|
Rest of State
|
Lower Hudson Valley
|
Lower Hudson Valley
|
|
|
|
||
(a) NYPA retained the decommissioning trusts and decommissioning liability. NYPA and Entergy executed decommissioning agreements, specifying their decommissioning
|
|||||||
obligations. NYPA has the right to require Entergy to assume the decommissioning liability provided that it assigns the corresponding decommissioning trust, up to a specified
|
|||||||
level, to Entergy. If the decommissioning liability is retained by NYPA, Entergy will perform the decommissioning of the plants at a price equal to the lesser of a pre-specified
|
|||||||
level or the amount in the decommissioning trusts. Entergy believes that the amounts available to it under either scenario are sufficient to cover the future decommissioning
|
|||||||
costs without any additional contributions to the trusts.
|
|||||||
(b) Includes amount for Indian Point 1. Indian Point 1 has been shut down and in safe storage since the 1970s.
|
|||||||
(c) James A. FitzPatrick physically located in NYISO Zone C.
|
|||||||
(d) Indian Point physically located in NYISO Zone H.
|
|||||||
(e) Reflects $321.5 million ($202.2 million after-tax) in 2013 and $355.5 million ($223.5 million after-tax) in 2012 of impairment and other related
|
|||||||
charges to write down the carrying value of Vermont Yankee and related assets to their fair values. See pgs. 66 - 68 of the 2013 10-K for more detail.
|
|||||||
(f) Entergy plans to close the Vermont Yankee plant at the end of its current operating cycle in fourth quarter 2014.
|
|||||||
(g) On 9/28/13, Indian Point 2 entered the period of extended operations under its current license.
|
|||||||
EWC NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS
|
|||||||
NERC
|
COMMERCIAL
|
OWNERSHIP
|
NET
|
TOTAL
|
FUEL TYPE
|
||
PLANT (a)
|
LOCATION
|
REGION
|
OPERATION
|
INTEREST
|
MW
|
MW
|
TECHNOLOGY
|
Independence – Unit 2
|
Newark, AR
|
SERC
|
1983
|
14%
|
121
|
842
|
Coal
|
Nelson 6
|
Westlake, LA
|
SERC
|
1982
|
11%
|
60
|
550
|
Coal
|
RS Cogen
|
Lake Charles, LA
|
SERC
|
2002
|
50%
|
213
|
425
|
CCGT Cogen
|
Top of Iowa
|
Worth County, IA
|
MRO
|
2001
|
50%
|
40
|
80
|
Wind
|
White Deer
|
Amarillo, TX
|
SPP
|
2001
|
50%
|
40
|
80
|
Wind
|
Rhode Island State Energy Center
|
Johnston, RI
|
NPCC
|
2002
|
100%
|
583
|
583
|
CCGT
|
Total
|
1,057
|
2,560
|
|||||
(a) In November 2013, Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
|
|||||||
EWC NON-NUCLEAR WHOLESALE ASSETS PLANT EMISSIONS
|
|||||||
Emissions
|
|||||||
FUEL TYPE
|
SO2
|
NOx
|
CO2
|
Hg(a)
|
|||
PLANT (c)
|
TECHNOLOGY
|
PURPOSE
|
(tons)
|
(tons)
|
(tons)
|
(lbs)
|
TECHNOLOGY(b)
|
Independence – Unit 2
|
Coal
|
Base
|
6,407
|
2,353
|
2,425,422
|
124
|
OFA
|
Nelson 6
|
Coal
|
Base
|
9,267
|
2,264
|
2,966,451
|
146
|
LNB w Sep OFA
|
RS Cogen
|
CCGT Cogen
|
Base
|
9
|
801
|
1,777,171
|
0
|
Dry LNB/SCR
|
Top of Iowa
|
Wind
|
Renewable
|
-
|
-
|
-
|
-
|
-
|
White Deer
|
Wind
|
Renewable
|
-
|
-
|
-
|
-
|
-
|
Rhode Island State Energy Center
|
CCGT
|
Intermediate
|
4
|
59
|
840,852
|
0
|
Dry LNB/SCR
|
Total
|
15,687
|
5,477
|
8,009,897
|
270
|
|||
(a) Mercury emissions calculated using 2013 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
|
|||||||
(b) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
|
|||||||
Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
|
|||||||
Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection. Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
|
|||||||
(c) In November 2013, Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
|
|||||||
Totals may not foot due to rounding.
|
|||||||
ENTERGY WHOLESALE COMMODITIES
|
|||||||||
EWC NUCLEAR SECURITIES DETAIL
|
|||||||||
LONG-TERM DEBT:
|
|||||||||
NOTE TO NEW YORK POWER AUTHORITY (NYPA) RELATING TO THE PURCHASE OF FITZPATRICK AND INDIAN POINT 3
|
|||||||||
ADDITIONAL LTD
|
TOTAL ENDING
|
TOTAL
|
|||||||
INTEREST
|
RELATED TO
|
INTEREST
|
LONG-TERM
|
INTEREST
|
|||||
($ thousands)
|
LONG-TERM DEBT(a)
|
EXPENSE
|
PURCHASE OF IP2
|
EXPENSE
|
DEBT
|
EXPENSE
|
|||
2000
|
744,405
|
3,869
|
-
|
-
|
744,405
|
3,869
|
|||
2001
|
682,512
|
35,392
|
74,402
|
1,190
|
756,914
|
36,582
|
|||
2002
|
604,420
|
32,540
|
79,220
|
3,628
|
683,640
|
36,168
|
|||
2003
|
441,845
|
27,387
|
72,863
|
3,643
|
514,708
|
31,030
|
|||
2004
|
379,405
|
21,275
|
66,200
|
3,337
|
445,605
|
24,612
|
|||
2005
|
313,968
|
18,277
|
59,218
|
3,018
|
373,186
|
21,295
|
|||
2006
|
245,390
|
15,137
|
51,900
|
2,682
|
297,289
|
17,819
|
|||
2007
|
173,445
|
11,845
|
44,231
|
2,331
|
217,676
|
14,176
|
|||
2008
|
161,932
|
8,412
|
36,194
|
1,963
|
198,127
|
10,375
|
|||
2009
|
149,771
|
7,839
|
27,772
|
1,577
|
177,543
|
9,416
|
|||
2010
|
137,026
|
7,255
|
18,945
|
1,173
|
155,971
|
8,428
|
|||
2011
|
123,669
|
6,643
|
9,694
|
750
|
133,363
|
7,393
|
|||
2012
|
109,681
|
6,012
|
-
|
305
|
109,681
|
6,317
|
|||
2013
|
95,011
|
5,331
|
-
|
-
|
95,011
|
5,331
|
|||
2014
|
79,638
|
4,627
|
-
|
-
|
79,638
|
4,627
|
|||
2015
|
61,027
|
3,889
|
-
|
-
|
61,027
|
3,889
|
|||
2016
|
59,022
|
2,995
|
-
|
-
|
59,022
|
2,995
|
|||
2017
|
56,921
|
2,899
|
-
|
-
|
56,921
|
2,899
|
|||
2018
|
54,719
|
2,798
|
-
|
-
|
54,719
|
2,798
|
|||
2019
|
52,412
|
2,693
|
-
|
-
|
52,412
|
2,693
|
|||
2020
|
49,994
|
2,582
|
-
|
-
|
49,994
|
2,582
|
|||
2021 – 2035 Average
|
-
|
1,400
|
-
|
-
|
-
|
1,400
|
|||
(a) Includes plant, fuel, and license extension payments. Payments for plant and fuel are made annually on 11/21 (anniversary of close). As of 9/30/03, the entire fuel note
|
|||||||||
has been paid off. Life extension payments made on anniversary of license expiration. Entergy will pay NYPA $2.5 million annually per plant, for up to twenty years if
|
|||||||||
FitzPatrick and/or Indian Point 3 operate beyond their original license date.
|
|||||||||
Totals may not foot due to rounding.
|
|||||||||
EWC NON-NUCLEAR WHOLESALE ASSETS
|
|||||||||
EWC NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL
|
|||||||||
DEBT:
|
|||||||||
OUTSTANDING AS OF DECEMBER 31,
|
|||||||||
(ENTERGY’S SHARE)
|
2013
|
2012
|
2011
|
MATURITY
|
RATE
|
||||
(in millions)
|
|||||||||
RS Cogen Senior Project Debt
|
|
|
|
|
|||||
Bank Portion(a)
|
$31
|
$36
|
$40
|
10/17/18
|
LIBOR + 1.625%
|
||||
Institutional Portion
|
$38
|
$38
|
$38
|
10/15/22
|
Fixed 8.73%
|
||||
RS Cogen Subordinated Debt(b)
|
$18
|
$16
|
$16
|
10/17/17
|
LIBOR + 4.50%
|
||||
(a) RS Cogen spread on bank portion increases over time from 1.375% to 2.375%.
|
|||||||||
(b) Debt outstanding includes Entergy's portion of accrued but unpaid interest on Entergy's portion of the RS Cogen subordinated debt since the project went into default
|
|||||||||
on the subordinated credit facility in 2008
|
|||||||||
SHARES OUTSTANDING | |||||||||
PREFERRED STOCK:
|
AS OF DECEMBER 31, | AS OF DECEMBER 31, | |||||||
RATE
|
2013
|
2012
|
2011
|
2013
|
2012
|
2011
|
|||
(in millions)
|
|||||||||
Without Sinking Fund:
|
|
||||||||
Entergy Asset Management
|
8.95%(a)
|
-
|
-
|
-
|
-
|
-
|
-
|
||
Authorized 1,000,000 shares, $1 par value, cumulative
|
|||||||||
Entergy Finance Holding, Inc.
|
8.75%(b)
|
250,000
|
-
|
-
|
$ 24.2
|
-
|
-
|
||
Authorized 250,000 shares, $100 par value, cumulative
|
|||||||||
Total without sinking fund
|
|
250,000
|
-
|
-
|
$ 24.2
|
$ -
|
-
|
||
(a) Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares. On
|
|||||||||
December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding
|
|||||||||
Class B preferred shares. On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held
|
|||||||||
by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
|
|||||||||
(b) Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
|
|||||||||
Totals may not foot due to rounding.
|
|||||||||
DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES
|
|
ENTERGY WHOLESALE COMMODITIES OPERATIONAL MEASURES
|
|
Owned capacity (MW)
|
Installed capacity owned and operated by EWC, including investments in wind generation accounted for under the equity method of accounting; in November 2013, R.E. Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
|
Average realized revenue per MWh
|
As-reported revenue per MWh billed, excluding revenue from the amortization of the Palisades below-market PPA and/or investments in wind generation accounted for under the equity method of accounting
|
Non-fuel O&M per MWh
|
Operation, maintenance and refueling expenses per MWh billed, excluding fuel, fuel-related expenses and
purchased power, special items and investments in wind generation accounted for under the equity method of accounting
|
Production cost per MWh
|
Fuel and non-fuel O&M expenses according to accounting standards that directly relate to the production of
electricity per MWh (based on net generation)
|
GWh billed
|
Total number of GWh billed to customers, excluding investments in wind generation accounted for under
the equity method of accounting and financially-settled instruments
|
Capability factor
|
The percentage of the maximum energy generation a plant is capable of supplying to the grid, limited
|
only by factors within control of plant management; a high capability factor indicates effective plant
|
|
programs and practices to minimize unplanned energy losses and to optimize planned outages
|
|
Capacity factor
|
Normalized percentage of the period that the nuclear plants generate power
|
Refueling outage days
|
Number of days lost for scheduled refueling outage during the period
|
Financial measures defined below include measures prepared in accordance with generally accepted accounting principles (GAAP), as well as non-
|
|
GAAP measures. Non-GAAP measures are included in this report in order to provide metrics that remove the effect of less routine financial impacts from
|
|
commonly used financial metrics.
|
|
FINANCIAL MEASURES – GAAP
|
|
Return on average invested capital – as-reported
|
12-months rolling net income attributable to Entergy Corporation or Subsidiary (Net Income) adjusted to include preferred
|
dividends and tax-effected interest expense divided by average invested capital
|
|
Return on average common equity – as-reported
|
12-months rolling Net Income divided by average common equity
|
Cash flow interest coverage
|
12-months cash flow from operating activities plus 12-months rolling interest paid, divided by interest expense
|
Book value per share
|
Common equity divided by end of period shares outstanding
|
Revolver capacity
|
Amount of undrawn capacity remaining on corporate and subsidiary revolvers
|
Total debt
|
Sum of short-term and long-term debt, notes payable and commercial paper and capital leases on the balance sheet
|
Debt of joint ventures - Entergy’s share
|
Debt issued by business joint ventures at EWC
|
Leases - Entergy’s share
|
Operating leases held by subsidiaries capitalized at implicit interest rate
|
Debt to capital ratio
|
Total debt divided by total capitalization
|
Securitization debt
|
Debt associated with securitization bonds issued to recover storm costs from hurricanes Rita, Ike and Gustav
|
at Entergy Texas; the 2009 ice storm at Entergy Arkansas; and investment recovery of costs
|
|
associated with the cancelled Little Gypsy repowering project at Entergy Louisiana
|
|
Assumption debt
|
Represents the portion of Entergy Gulf States Louisiana long-term debt that was outstanding on December 31, 2007,
|
which was assumed by Entergy Texas under a debt assumption agreement. Entergy Texas' pro rata share of the debt
|
|
was approximately 46 percent
|
|
FINANCIAL MEASURES – NON-GAAP
|
|
Operational earnings
|
As-reported Net Income adjusted to exclude the impact of special items
|
Operational adjusted EBITDA
|
Earnings before interest, income taxes, depreciation and amortization, and interest and investment income
|
excluding decommissioning expense, and other than temporary impairment losses on decommissioning trust
|
|
fund assets, excluding effects of special items
|
|
Return on average invested capital – operational
|
12-months rolling operational Net Income adjusted to include preferred dividends and
|
tax-effected interest expense divided by average invested capital
|
|
Return on average common equity – operational
|
12-months rolling operational Net Income divided by average common equity
|
Gross liquidity
|
Sum of cash and revolver capacity
|
Debt to capital ratio, excluding securitization debt
|
Total debt divided by total capitalization, excluding securitization debt
|
Net debt to net capital ratio, excluding securitization debt
|
Total debt less cash and cash equivalents divided by total capitalization less cash and
|
cash equivalents, excluding securitization debt
|
|
Net debt to net capital ratio, including off-balance sheet liabilities, excluding securitization debt
|
Sum of total debt and off-balance sheet debt less cash and cash equivalents divided by sum of
total capitalization and off-balance sheet debt less cash and cash equivalents, excluding securitization debt
|
Total debt, excluding assumption debt
|
Gross debt less assumption debt
|
Debt to capital ratio, excluding assumption debt
|
Gross debt divided by total capitalization, excluding assumption debt
|
Net debt to net capital ratio, excluding assumption debt
|
Gross debt less cash and cash equivalents divided by total capitalization less cash and cash equivalents,
excluding assumption debt
|
REG G RECONCILIATIONS
|
||||||||||||||||||||||
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Net Income (A)
|
712 | 847 | 1,346 | 1,250 | 1,231 | |||||||||||||||||
Preferred dividends
|
19 | 22 | 21 | 20 | 20 | |||||||||||||||||
Tax-effected interest expense
|
371 | 350 | 316 | 354 | 351 | |||||||||||||||||
As-Reported Net Income including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
1,102 | 1,219 | 1,683 | 1,624 | 1,602 | |||||||||||||||||
Special items (C)
|
(245 | ) | (262 | ) | (13 | ) | (82 | ) | (71 | ) | ||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
1,347 | 1,481 | 1,696 | 1,706 | 1,673 | |||||||||||||||||
Operational earnings (A-C)
|
957 | 1,109 | 1,359 | 1,332 | 1,302 | |||||||||||||||||
Average invested capital (D)
|
23,283 | 22,290 | 21,126 | 20,781 | 20,748 | |||||||||||||||||
Average common equity (E)
|
9,415 | 9,079 | 8,729 | 8,555 | 8,290 | |||||||||||||||||
Gross debt (F)
|
13,678 | 13,473 | 12,387 | 11,816 | 12,014 | |||||||||||||||||
Less securitization debt (G)
|
883 | 973 | 1,071 | 931 | 838 | |||||||||||||||||
Gross debt, excluding securitization debt (F-G)
|
12,795 | 12,500 | 11,316 | 10,885 | 11,176 | |||||||||||||||||
Less cash and cash equivalents (H)
|
739 | 533 | 694 | 1,294 | 1,710 | |||||||||||||||||
Net debt, excluding securitization debt (F-G-H)
|
12,056 | 11,967 | 10,622 | 9,591 | 9,466 | |||||||||||||||||
Total capitalization (I)
|
23,615 | 22,951 | 21,629 | 20,623 | 20,939 | |||||||||||||||||
Less securitization debt (J)
|
883 | 973 | 1,071 | 931 | 838 | |||||||||||||||||
Total capitalization, excluding securitization debt (I-J)
|
22,732 | 21,978 | 20,558 | 19,692 | 20,101 | |||||||||||||||||
Less cash and cash equivalents (K)
|
739 | 533 | 694 | 1,294 | 1,710 | |||||||||||||||||
Net capitalization, excluding securitization debt (I-J-K)
|
21,993 | 21,445 | 19,864 | 18,398 | 18,391 | |||||||||||||||||
Off-balance sheet liabilities (L)
|
542 | 595 | 602 | 653 | 646 | |||||||||||||||||
Revolver capacity (M)
|
3,977 | 3,462 | 2,001 | 2,354 | 1,464 | |||||||||||||||||
Gross liquidity (H+M)
|
4,716 | 3,995 | 2,695 | 3,648 | 3,174 | |||||||||||||||||
($ per share)
|
||||||||||||||||||||||
As-Reported earnings per share (N)
|
3.99 | 4.76 | 7.55 | 6.66 | 6.30 | |||||||||||||||||
Operational earnings per share (O)
|
5.36 | 6.23 | 7.62 | 7.10 | 6.67 | |||||||||||||||||
Common dividend paid per share (P)
|
3.32 | 3.32 | 3.32 | 3.24 | 3.00 | |||||||||||||||||
Year-end closing market price per share of common stock (Q)
|
63.27 | 63.75 | 73.05 | 70.83 | 81.84 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
4.7 | 5.5 | 8.0 | 7.8 | 7.7 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/D)
|
5.8 | 6.6 | 8.0 | 8.2 | 8.1 | |||||||||||||||||
Return on average common equity – As-Reported (A/E)
|
7.6 | 9.3 | 15.4 | 14.6 | 14.9 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/E)
|
10.2 | 12.2 | 15.6 | 15.6 | 15.7 | |||||||||||||||||
Debt to capital ratio (F/I)
|
57.9 | 58.7 | 57.3 | 57.3 | 57.4 | |||||||||||||||||
Debt to capital ratio, excluding securitization debt ((F-G)/(I-J))
|
56.3 | 56.9 | 55.0 | 55.3 | 55.6 | |||||||||||||||||
Net debt to net capital ratio, excluding securitization debt ((F-G-H)/(I-J-K))
|
54.8 | 55.8 | 53.5 | 52.1 | 51.5 | |||||||||||||||||
Net debt to net capital ratio including off-balance sheet liabilities,
|
||||||||||||||||||||||
excluding securitization debt ((F-G-H+L)/(I-J-K+L))
|
55.9 | 57.0 | 54.8 | 53.8 | 53.1 | |||||||||||||||||
Common dividend payout ratio – As-Reported (P/N)
|
83 | 70 | 44 | 49 | 48 | |||||||||||||||||
Common dividend payout ratio – Operational (P/O)
|
62 | 53 | 44 | 46 | 45 | |||||||||||||||||
Price to earnings ratio – As-Reported (Q/N)
|
15.87 | 13.39 | 9.68 | 10.64 | 12.99 | |||||||||||||||||
Price to earnings ratio – Operational (Q/O)
|
11.80 | 10.23 | 9.59 | 9.98 | 12.27 | |||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||||||||||||||
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||||||||||||||
1Q12-4Q13 | ||||||||||||||||||||||||||||||||||
($ millions)
|
1Q13 | 2Q13 | 3Q13 | 4Q13 | 1Q12 | 2Q12 | 3Q12 | 4Q12 | ||||||||||||||||||||||||||
For the quarter:
|
||||||||||||||||||||||||||||||||||
As-Reported Net Income (A)
|
161.4 | 163.7 | 239.9 | 146.9 | (151.7 | ) | 365.0 | 337.1 | 296.3 | |||||||||||||||||||||||||
Less special items (B)
|
(6.3 | ) | (16.0 | ) | (190.5 | ) | (32.4 | ) | (230.7 | ) | (9.6 | ) | (10.7 | ) | (10.7 | ) | ||||||||||||||||||
Operational earnings (A-B)
|
167.7 | 179.7 | 430.4 | 179.3 | 79.0 | 374.6 | 347.8 | 307.1 | ||||||||||||||||||||||||||
As-Reported Net Income rolling 12 months (C)
|
1,160 | 958 | 861 | 712 | 946 | 996 | 705 | 847 | ||||||||||||||||||||||||||
Preferred dividends
|
22 | 21 | 20 | 19 | 21 | 21 | 22 | 22 | ||||||||||||||||||||||||||
Tax-effected interest expense
|
356 | 363 | 365 | 371 | 322 | 329 | 342 | 350 | ||||||||||||||||||||||||||
As-Reported Net Income,
|
||||||||||||||||||||||||||||||||||
rolling 12 months including
|
||||||||||||||||||||||||||||||||||
preferred dividends and tax-effected
|
||||||||||||||||||||||||||||||||||
interest expense (D)
|
1,538 | 1,342 | 1,246 | 1,102 | 1,289 | 1,346 | 1,069 | 1,219 | ||||||||||||||||||||||||||
Special items in prior quarters
|
(31.0 | ) | (27.7 | ) | (33.0 | ) | (212.8 | ) | (13 | ) | (244 | ) | (253 | ) | (251 | ) | ||||||||||||||||||
Special items in current quarter
|
||||||||||||||||||||||||||||||||||
HCM implementation expenses
|
- | (3.8 | ) | (7.3 | ) | (26.1 | ) | - | - | - | - | |||||||||||||||||||||||
Transmission business spin-merge expenses
|
(6.3 | ) | (12.2 | ) | (10.1 | ) | 25.5 | (5.8 | ) | (9.9 | ) | (10.7 | ) | (10.7 | ) | |||||||||||||||||||
VY asset impairments/related charges
|
- | - | (173.1 | ) | (31.8 | ) | (224 | ) | - | - | - | |||||||||||||||||||||||
Total special items (E)
|
(37.3 | ) | (43.7 | ) | (223.5 | ) | (245.2 | ) | (243 | ) | (254 | ) | (264 | ) | (262 | ) | ||||||||||||||||||
Operational earnings,
|
||||||||||||||||||||||||||||||||||
rolling 12 months including
|
||||||||||||||||||||||||||||||||||
preferred dividends and tax-effected
|
||||||||||||||||||||||||||||||||||
interest expense (D-E)
|
1,574 | 1,386 | 1,470 | 1,347 | 1,532 | 1,600 | 1,333 | 1,481 | ||||||||||||||||||||||||||
Operational earnings, rolling 12 months (C-E)
|
1,196 | 1,002 | 1,085 | 957 | 1,189 | 1,250 | 969 | 1,109 | ||||||||||||||||||||||||||
Average invested capital (F)
|
22,389 | 22,573 | 22,857 | 23,283 | 21,339 | 21,556 | 22,065 | 22,290 | ||||||||||||||||||||||||||
Average common equity (G)
|
9,064 | 9,152 | 9,299 | 9,415 | 8,725 | 8,814 | 9,078 | 9,079 | ||||||||||||||||||||||||||
Gross debt (H)
|
13,471 | 13,747 | 13,623 | 13,678 | 12,619 | 12,533 | 12,931 | 13,473 | ||||||||||||||||||||||||||
Less securitization debt (I)
|
952 | 927 | 910 | 883 | 1,049 | 1,020 | 1,003 | 973 | ||||||||||||||||||||||||||
Gross debt, excluding securitization debt (H-I)
|
12,519 | 12,820 | 12,713 | 12,795 | 11,570 | 11,513 | 11,928 | 12,500 | ||||||||||||||||||||||||||
Less cash and cash equivalents (J)
|
263 | 311 | 365 | 739 | 685 | 283 | 750 | 533 | ||||||||||||||||||||||||||
Net debt, excluding securitization debt (H-I-J)
|
12,256 | 12,509 | 12,348 | 12,056 | 10,885 | 11,230 | 11,178 | 11,967 | ||||||||||||||||||||||||||
Total capitalization (K)
|
22,965 | 23,302 | 23,312 | 23,615 | 21,813 | 21,844 | 22,402 | 22,951 | ||||||||||||||||||||||||||
Less securitization debt (L)
|
952 | 927 | 910 | 883 | 1,049 | 1,020 | 1,003 | 973 | ||||||||||||||||||||||||||
Total capitalization, excluding securitization debt (K-L)
|
22,013 | 22,375 | 22,402 | 22,732 | 20,764 | 20,824 | 21,399 | 21,978 | ||||||||||||||||||||||||||
Less cash and cash equivalents (M)
|
263 | 311 | 365 | 739 | 685 | 283 | 750 | 533 | ||||||||||||||||||||||||||
Net capitalization, excluding securitization debt (K-L-M)
|
21,750 | 22,064 | 22,037 | 21,993 | 20,079 | 20,541 | 20,649 | 21,445 | ||||||||||||||||||||||||||
Off-balance sheet liabilities (N)
|
595 | 594 | 592 | 542 | 601 | 600 | 599 | 595 | ||||||||||||||||||||||||||
Revolver capacity (O)
|
3,542 | 3,819 | 4,129 | 3,977 | 2,825 | 2,762 | 2,917 | 3,462 | ||||||||||||||||||||||||||
Gross liquidity (J+O)
|
3,805 | 4,130 | 4,494 | 4,716 | 3,510 | 3,045 | 3,667 | 3,995 | ||||||||||||||||||||||||||
(%)
|
||||||||||||||||||||||||||||||||||
Return on average invested capital – As-Reported (D/F)
|
6.9 | 5.9 | 5.5 | 4.7 | 6.0 | 6.2 | 4.8 | 5.5 | ||||||||||||||||||||||||||
Return on average invested capital – Operational ((D-E)/F)
|
7.0 | 6.1 | 6.4 | 5.8 | 7.2 | 7.4 | 6.0 | 6.6 | ||||||||||||||||||||||||||
Return on average common equity – As-Reported (C/G)
|
12.8 | 10.5 | 9.3 | 7.6 | 10.8 | 11.3 | 7.8 | 9.3 | ||||||||||||||||||||||||||
Return on average common equity – Operational ((C-E)/G)
|
13.2 | 10.9 | 11.7 | 10.2 | 13.6 | 14.2 | 10.7 | 12.2 | ||||||||||||||||||||||||||
Debt to capital ratio (H/K)
|
58.7 | 59.0 | 58.4 | 57.9 | 57.9 | 57.4 | 57.7 | 58.7 | ||||||||||||||||||||||||||
Debt to capital ratio, excluding securitization debt ((H-I)/(K-L))
|
56.9 | 57.3 | 56.7 | 56.3 | 55.7 | 55.3 | 55.7 | 56.9 | ||||||||||||||||||||||||||
Net debt to net capital ratio,
excluding securitization debt ((H-I-J)/(K-L-M))
|
56.3 | 56.7 | 56.0 | 54.8 | 54.2 | 54.7 | 54.1 | 55.8 | ||||||||||||||||||||||||||
Net debt to net capital ratio including off-balance
|
||||||||||||||||||||||||||||||||||
sheet liabilities, excluding securitization debt
((H-I-J+N)/(K-L-M+N))
|
57.5 | 57.8 | 57.2 | 55.9 | 55.5 | 56.0 | 55.4 | 57.0 | ||||||||||||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 |
|
|
||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Net Income (A)
|
828.9 | 943.0 | 1,106.5 | 812.4 | 691.6 | |||||||||||||||||
Preferred dividends
|
17.3 | 17.3 | 17.3 | 17.3 | 17.3 | |||||||||||||||||
Tax-effected interest expense
|
313.1 | 293.1 | 280.4 | 303.4 | 284.3 | |||||||||||||||||
As-Reported Net Income including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
1,159.3 | 1,253.4 | 1,404.2 | 1,133.2 | 993.3 | |||||||||||||||||
Utility special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(8.7 | ) | (37.1 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(20.3 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(29.0 | ) | (37.1 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
1,188.3 | 1,290.6 | 1,404.2 | 1,133.2 | 993.3 | |||||||||||||||||
Operational earnings (A-C)
|
857.8 | 980.1 | 1,106.5 | 812.4 | 691.6 | |||||||||||||||||
Average invested capital (D)
|
19,488 | 18,154 | 16,877 | 16,412 | 15,580 | |||||||||||||||||
Average common equity (E)
|
8,599 | 7,991 | 7,462 | 7,109 | 6,828 | |||||||||||||||||
Gross debt (F)
|
10,784 | 10,433 | 9,332 | 8,937 | 9,107 | |||||||||||||||||
Less securitization debt (G)
|
883 | 974 | 1,071 | 931 | 838 | |||||||||||||||||
Gross debt, excluding securitization debt (F-G)
|
9,901 | 9,459 | 8,262 | 8,006 | 8,269 | |||||||||||||||||
Less cash and cash equivalents (H)
|
551 | 380 | 360 | 822 | 1,239 | |||||||||||||||||
Net debt, excluding securitization debt (F-G-H)
|
9,350 | 9,079 | 7,902 | 7,185 | 7,030 | |||||||||||||||||
Total capitalization (I)
|
19,967 | 19,010 | 17,298 | 16,457 | 16,367 | |||||||||||||||||
Less securitization debt (J)
|
883 | 974 | 1,071 | 931 | 838 | |||||||||||||||||
Total capitalization, excluding securitization debt (I-J)
|
19,084 | 18,036 | 16,227 | 15,526 | 15,529 | |||||||||||||||||
Less cash and cash equivalents (K)
|
551 | 380 | 360 | 822 | 1,239 | |||||||||||||||||
Net capitalization, excluding securitization debt (I-J-K)
|
18,533 | 17,656 | 15,867 | 14,704 | 14,290 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
5.9 | 6.9 | 8.3 | 6.9 | 6.4 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/D)
|
6.1 | 7.1 | 8.3 | 6.9 | 6.4 | |||||||||||||||||
Return on average common equity – As-Reported (A/E)
|
9.6 | 11.8 | 14.8 | 11.4 | 10.1 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/E)
|
10.0 | 12.3 | 14.8 | 11.4 | 10.1 | |||||||||||||||||
Debt to capital ratio (F/I)
|
54.0 | 54.9 | 54.0 | 54.3 | 55.6 | |||||||||||||||||
Debt to capital ratio, excluding securitization debt ((F-G)/(I-J))
|
51.9 | 52.4 | 50.9 | 51.6 | 53.2 | |||||||||||||||||
Net debt to net capital ratio, excluding securitization debt ((F-G-H)/(I-J-K))
|
50.5 | 51.4 | 49.8 | 48.9 | 49.2 | |||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||||||||||||||
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||||||||||||||
1Q12-4Q13 | ||||||||||||||||||||||||||||||||||
($ millions)
|
1Q13 | 2Q13 | 3Q13 | 4Q13 | 1Q12 | 2Q12 | 3Q12 | 4Q12 | ||||||||||||||||||||||||||
As-Reported Net Income (A)
|
123.5 | 196.2 | 348.0 | 161.2 | 62.9 | 304.2 | 296.2 | 279.8 | ||||||||||||||||||||||||||
Less special items (B)
|
(6.3 | ) | (14.9 | ) | (15.3 | ) | 7.5 | (6 | ) | (10 | ) | (11 | ) | (11 | ) | |||||||||||||||||||
Operational earnings (A-B)
|
129.8 | 211.1 | 363.3 | 153.7 | 68.7 | 314.1 | 306.9 | 290.5 | ||||||||||||||||||||||||||
As-Reported Net Income-rolling 12 months (C)
|
1,003.6 | 895.7 | 947.4 | 828.9 | 1,005.1 | 1,060.9 | 832.9 | 943.0 | ||||||||||||||||||||||||||
Preferred dividends
|
17.3 | 17.3 | 17.3 | 17.3 | 17.3 | 17.3 | 17.3 | 17.3 | ||||||||||||||||||||||||||
Tax-effected interest expense
|
297.2 | 303.4 | 306.6 | 313.1 | 283.8 | 285.3 | 291.2 | 293.1 | ||||||||||||||||||||||||||
As-Reported Net Income, rolling 12 months including preferred
|
||||||||||||||||||||||||||||||||||
dividends and tax-effected interest expense (D)
|
1,318.1 | 1,216.4 | 1,271.3 | 1,159.3 | 1,306.2 | 1,363.5 | 1,141.4 | 1,253.4 | ||||||||||||||||||||||||||
Special items in prior quarters
|
(31.3 | ) | (27.7 | ) | (31.9 | ) | (36.5 | ) | - | (5.8 | ) | (15.7 | ) | (26.4 | ) | |||||||||||||||||||
Special items in current quarter
|
(6.3 | ) | (14.9 | ) | (15.3 | ) | 7.5 | (5.8 | ) | (9.9 | ) | (10.7 | ) | (10.7 | ) | |||||||||||||||||||
Total special items (E)
|
(37.6 | ) | (42.6 | ) | (47.2 | ) | (29.0 | ) | (5.8 | ) | (15.7 | ) | (26.4 | ) | (37.1 | ) | ||||||||||||||||||
Operational earnings, rolling 12 months including preferred
|
||||||||||||||||||||||||||||||||||
dividends and tax-effected interest expense (D-E)
|
1,355.7 | 1,259.0 | 1,318.5 | 1,188.3 | 1,312.0 | 1,379.2 | 1,167.8 | 1,290.6 | ||||||||||||||||||||||||||
Operational earnings, rolling 12 months (C-E)
|
1,041.2 | 938.3 | 994.6 | 857.8 | 1,010.9 | 1,076.6 | 859.3 | 980.1 | ||||||||||||||||||||||||||
Average invested capital (F)
|
18,200 | 18,684 | 19,048 | 19,488 | 17,092 | 17,340 | 17,845 | 18,154 | ||||||||||||||||||||||||||
Average common equity (G)
|
7,955 | 8,189 | 8,426 | 8,599 | 7,486 | 7,692 | 7,930 | 7,991 | ||||||||||||||||||||||||||
Gross debt (H)
|
10,409 | 10,999 | 10,847 | 10,784 | 9,520 | 9,429 | 9,837 | 10,433 | ||||||||||||||||||||||||||
Less securitization debt (I)
|
952 | 927 | 910 | 883 | 1,049 | 1,020 | 1,003 | 974 | ||||||||||||||||||||||||||
Gross debt, excluding securitization debt (H-I)
|
9,457 | 10,072 | 9,937 | 9,901 | 8,472 | 8,409 | 8,834 | 9,459 | ||||||||||||||||||||||||||
Less cash and cash equivalents (J)
|
98 | 169 | 235 | 551 | 416 | 173 | 545 | 380 | ||||||||||||||||||||||||||
Net debt, excluding securitization debt (H-I-J)
|
9,359 | 9,903 | 9,702 | 9,350 | 8,056 | 8,236 | 8,290 | 9,079 | ||||||||||||||||||||||||||
Total capitalization (K)
|
18,900 | 19,691 | 19,770 | 19,967 | 17,499 | 17,677 | 18,326 | 19,010 | ||||||||||||||||||||||||||
Less securitization debt (L)
|
952 | 927 | 910 | 883 | 1,049 | 1,020 | 1,003 | 974 | ||||||||||||||||||||||||||
Total capitalization, excluding securitization debt (K-L)
|
17,948 | 18,764 | 18,860 | 19,084 | 16,450 | 16,657 | 17,323 | 18,036 | ||||||||||||||||||||||||||
Less cash and cash equivalents (M)
|
98 | 169 | 235 | 551 | 416 | 173 | 545 | 380 | ||||||||||||||||||||||||||
Net capitalization, excluding securitization debt (K-L-M)
|
17,850 | 18,595 | 18,625 | 18,533 | 16,035 | 16,483 | 16,779 | 17,656 | ||||||||||||||||||||||||||
(%)
|
||||||||||||||||||||||||||||||||||
Return on average invested capital –
|
||||||||||||||||||||||||||||||||||
As-Reported (D/F)
|
7.2 | 6.5 | 6.7 | 5.9 | 7.6 | 7.9 | 6.4 | 6.9 | ||||||||||||||||||||||||||
Return on average invested capital –
|
||||||||||||||||||||||||||||||||||
Operational ((D-E)/F)
|
7.4 | 6.7 | 6.9 | 6.1 | 7.7 | 8.0 | 6.5 | 7.1 | ||||||||||||||||||||||||||
Return on average common equity –
|
||||||||||||||||||||||||||||||||||
As-Reported (C/G)
|
12.6 | 10.9 | 11.2 | 9.6 | 13.4 | 13.8 | 10.5 | 11.8 | ||||||||||||||||||||||||||
Return on average common equity –
|
||||||||||||||||||||||||||||||||||
Operational ((C-E)/G)
|
13.1 | 11.5 | 11.8 | 10.0 | 13.5 | 14.0 | 10.8 | 12.3 | ||||||||||||||||||||||||||
Debt to capital ratio (H/K)
|
55.1 | 55.9 | 54.9 | 54.0 | 54.4 | 53.3 | 53.7 | 54.9 | ||||||||||||||||||||||||||
Debt to capital ratio, excluding securitization debt ((H-I)/(K-L))
|
52.7 | 53.7 | 52.7 | 51.9 | 51.5 | 50.5 | 51.0 | 52.4 | ||||||||||||||||||||||||||
Net debt to net capital ratio, excluding securitization debt
((H-I-J)/(K-L-M))
|
52.4 | 53.3 | 52.1 | 50.5 | 50.2 | 50.0 | 49.4 | 51.4 | ||||||||||||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||
ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Earnings (A)
|
155.1 | 145.5 | 158.0 | 165.7 | 60.0 | |||||||||||||||||
Preferred dividends
|
6.9 | 6.9 | 6.9 | 6.9 | 6.9 | |||||||||||||||||
Tax-effected interest expense
|
54.3 | 49.5 | 49.7 | 54.9 | 54.9 | |||||||||||||||||
As-Reported Earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
216.3 | 201.9 | 214.6 | 227.6 | 121.8 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(0.4 | ) | (13.0 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(2.4 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(2.8 | ) | (13.0 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
219.1 | 214.9 | 214.6 | 227.6 | 121.8 | |||||||||||||||||
Operational earnings (A-C)
|
157.9 | 158.5 | 158.0 | 165.7 | 60.0 | |||||||||||||||||
Average invested capital (D)
|
4,050 | 3,665 | 3,460 | 3,385 | 3,291 | |||||||||||||||||
Average invested capital, excluding securitization (E)
|
3,955 | 3,557 | 3,341 | 3,323 | 3,291 | |||||||||||||||||
Average common equity (F)
|
1,650 | 1,512 | 1,424 | 1,408 | 1,406 | |||||||||||||||||
Gross debt (G)
|
2,407 | 2,162 | 1,911 | 1,928 | 1,793 | |||||||||||||||||
Less securitization debt (H)
|
89 | 102 | 114 | 124 | - | |||||||||||||||||
Gross debt, excluding securitization debt (G-H)
|
2,318 | 2,060 | 1,797 | 1,804 | 1,793 | |||||||||||||||||
Less cash and cash equivalents (I)
|
127 | 35 | 23 | 106 | 86 | |||||||||||||||||
Net debt, excluding securitization debt (G-H-I)
|
2,191 | 2,026 | 1,775 | 1,698 | 1,707 | |||||||||||||||||
Total capitalization (J)
|
4,243 | 3,858 | 3,472 | 3,448 | 3,321 | |||||||||||||||||
Less securitization debt (K)
|
89 | 102 | 114 | 124 | - | |||||||||||||||||
Total capitalization, excluding securitization debt (J-K)
|
4,154 | 3,756 | 3,358 | 3,324 | 3,321 | |||||||||||||||||
Less cash and cash equivalents (L)
|
127 | 35 | 23 | 106 | 86 | |||||||||||||||||
Net capitalization, excluding securitization debt (J-K-L)
|
4,027 | 3,722 | 3,335 | 3,218 | 3,235 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
5.3 | 5.5 | 6.2 | 6.7 | 3.7 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/E)
|
5.5 | 6.0 | 6.4 | 6.8 | 3.7 | |||||||||||||||||
Return on average common equity – As-Reported (A/F)
|
9.4 | 9.6 | 11.1 | 11.8 | 4.3 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/F)
|
9.6 | 10.5 | 11.1 | 11.8 | 4.3 | |||||||||||||||||
Debt to capital ratio (G/J)
|
56.7 | 56.0 | 55.0 | 55.9 | 54.0 | |||||||||||||||||
Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
|
55.8 | 54.8 | 53.5 | 54.3 | 54.0 | |||||||||||||||||
Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
|
54.4 | 54.4 | 53.2 | 52.8 | 52.8 | |||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||
ENTERGY GULF STATES LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Earnings (A)
|
160.8 | 158.2 | 200.8 | 173.5 | 152.5 | |||||||||||||||||
Preferred dividends
|
0.8 | 0.8 | 0.8 | 0.8 | 0.8 | |||||||||||||||||
Tax-effected interest expense
|
48.2 | 49.2 | 49.7 | 60.2 | 70.7 | |||||||||||||||||
As-Reported Earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
209.8 | 208.2 | 251.3 | 234.6 | 224.0 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(2.8 | ) | (4.6 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(2.5 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(5.2 | ) | (4.6 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
215.0 | 212.8 | 251.3 | 234.6 | 224.0 | |||||||||||||||||
Operational earnings (A-C)
|
166.0 | 162.8 | 200.8 | 173.5 | 152.5 | |||||||||||||||||
Average invested capital (D)
|
2,944 | 2,888 | 2,962 | 3,122 | 3,344 | |||||||||||||||||
Average invested capital, excluding assumption debt (E)
|
2,944 | 2,888 | 2,962 | 3,039 | 2,875 | |||||||||||||||||
Average common equity (F)
|
1,412 | 1,348 | 1,389 | 1,429 | 1,348 | |||||||||||||||||
Gross debt (G)
|
1,528 | 1,517 | 1,542 | 1,584 | 1,783 | |||||||||||||||||
Less assumption debt (H)
|
- | - | - | - | 168 | |||||||||||||||||
Gross debt, excluding assumption debt (G-H)
|
1,528 | 1,517 | 1,542 | 1,584 | 1,615 | |||||||||||||||||
Less cash and cash equivalents (I)
|
16 | 36 | 25 | 155 | 144 | |||||||||||||||||
Net debt, excluding assumption debt (G-H-I)
|
1,512 | 1,482 | 1,517 | 1,429 | 1,471 | |||||||||||||||||
Total capitalization (J)
|
2,988 | 2,900 | 2,876 | 3,049 | 3,196 | |||||||||||||||||
Less assumption debt (K)
|
- | - | - | - | 168 | |||||||||||||||||
Total capitalization, excluding assumption debt (J-K)
|
2,988 | 2,900 | 2,876 | 3,049 | 3,028 | |||||||||||||||||
Less cash and cash equivalents (L)
|
16 | 36 | 25 | 155 | 144 | |||||||||||||||||
Net capitalization, excluding assumption debt (J-K-L)
|
2,972 | 2,865 | 2,851 | 2,893 | 2,884 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
7.1 | 7.2 | 8.5 | 7.5 | 6.7 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/E)
|
7.3 | 7.4 | 8.5 | 7.7 | 7.8 | |||||||||||||||||
Return on average common equity – As-Reported (A/F)
|
11.4 | 11.7 | 14.5 | 12.1 | 11.3 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/F)
|
11.8 | 12.1 | 14.5 | 12.1 | 11.3 | |||||||||||||||||
Debt to capital ratio (G/J)
|
51.1 | 52.3 | 53.6 | 52.0 | 55.8 | |||||||||||||||||
Debt to capital ratio, excluding assumption debt ((G-H)/(J-K))
|
51.1 | 52.3 | 53.6 | 52.0 | 53.3 | |||||||||||||||||
Net debt to net capital ratio, excluding assumption debt ((G-H-I)/(J-K-L))
|
50.9 | 51.7 | 53.2 | 49.4 | 51.0 | |||||||||||||||||
ENTERGY TEXAS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Net Income (A)
|
57.9 | 42.0 | 80.8 | 66.2 | 63.8 | |||||||||||||||||
Preferred dividends
|
- | - | - | - | - | |||||||||||||||||
Tax-effected interest expense
|
54.7 | 57.2 | 56.0 | 56.5 | 63.9 | |||||||||||||||||
As-Reported Net Income including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
112.6 | 99.2 | 136.8 | 122.7 | 127.7 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(3.2 | ) | (4.6 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(5.6 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(8.8 | ) | (4.6 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
121.4 | 103.8 | 136.8 | 122.7 | 127.7 | |||||||||||||||||
Operational earnings (A-C)
|
66.7 | 46.6 | 80.8 | 66.2 | 63.8 | |||||||||||||||||
Average invested capital (D)
|
2,458 | 2,524 | 2,530 | 2,493 | 2,374 | |||||||||||||||||
Average invested capital, excluding securitization debt (E)
|
1,798 | 1,804 | 1,752 | 1,670 | 1,799 | |||||||||||||||||
Average common equity (F)
|
871 | 877 | 862 | 834 | 872 | |||||||||||||||||
Gross debt (G)
|
1,557 | 1,618 | 1,677 | 1,659 | 1,658 | |||||||||||||||||
Less securitization debt (H)
|
629 | 690 | 750 | 807 | 838 | |||||||||||||||||
Gross debt, excluding securitization debt (G-H)
|
928 | 928 | 927 | 852 | 820 | |||||||||||||||||
Less cash and cash equivalents (I)
|
47 | 60 | 65 | 35 | 201 | |||||||||||||||||
Net debt, excluding securitization debt (G-H-I)
|
881 | 867 | 862 | 817 | 619 | |||||||||||||||||
Total capitalization (J)
|
2,444 | 2,472 | 2,576 | 2,484 | 2,503 | |||||||||||||||||
Less securitization debt (K)
|
629 | 690 | 750 | 807 | 838 | |||||||||||||||||
Total capitalization, excluding securitization debt (J-K)
|
1,815 | 1,782 | 1,827 | 1,676 | 1,664 | |||||||||||||||||
Less cash and cash equivalents (L)
|
47 | 60 | 65 | 35 | 201 | |||||||||||||||||
Net capitalization, excluding securitization debt (J-K-L)
|
1,768 | 1,722 | 1,762 | 1,641 | 1,463 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
4.6 | 3.9 | 5.4 | 4.9 | 5.4 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/E)
|
6.8 | 5.5 | 7.8 | 7.3 | 7.1 | |||||||||||||||||
Return on average common equity – As-Reported (A/F)
|
6.6 | 4.8 | 9.4 | 7.9 | 7.3 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/F)
|
7.7 | 5.3 | 9.4 | 7.9 | 7.3 | |||||||||||||||||
Debt to capital ratio (G/J)
|
63.7 | 65.4 | 65.1 | 66.8 | 66.3 | |||||||||||||||||
Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
|
51.1 | 52.2 | 50.8 | 50.8 | 49.3 | |||||||||||||||||
Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
|
49.8 | 50.4 | 48.9 | 49.8 | 42.3 | |||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||
ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Earnings (A)
|
245.5 | 274.1 | 467.0 | 224.5 | 225.9 | |||||||||||||||||
Preferred dividends
|
7.0 | 7.0 | 7.0 | 7.0 | 7.0 | |||||||||||||||||
Tax-effected interest expense
|
86.4 | 72.9 | 61.2 | 62.5 | 52.7 | |||||||||||||||||
As-Reported Earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
338.9 | 354.0 | 535.2 | 294.0 | 285.6 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(1.2 | ) | (6.6 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(2.6 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(3.8 | ) | (6.6 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
342.7 | 360.6 | 535.2 | 294.0 | 285.6 | |||||||||||||||||
Operational earnings (A-C)
|
249.3 | 280.7 | 467.0 | 224.5 | 225.9 | |||||||||||||||||
Average invested capital (D)
|
6,075 | 5,406 | 4,414 | 3,890 | 3,491 | |||||||||||||||||
Average invested capital, excluding securitization (E)
|
5,901 | 5,212 | 4,311 | 3,890 | 3,491 | |||||||||||||||||
Average members’ equity (F)
|
2,923 | 2,718 | 2,251 | 1,924 | 1,710 | |||||||||||||||||
Gross debt (G)
|
3,222 | 2,881 | 2,297 | 1,830 | 1,902 | |||||||||||||||||
Less securitization debt (H)
|
165 | 182 | 207 | - | - | |||||||||||||||||
Gross debt, excluding securitization debt (G-H)
|
3,058 | 2,699 | 2,090 | 1,830 | 1,902 | |||||||||||||||||
Less cash and cash equivalents (I)
|
124 | 30 | 1 | 123 | 152 | |||||||||||||||||
Net debt, excluding securitization debt (G-H-I)
|
2,934 | 2,669 | 2,089 | 1,707 | 1,750 | |||||||||||||||||
Total capitalization (J)
|
6,198 | 5,951 | 4,862 | 3,967 | 3,813 | |||||||||||||||||
Less securitization debt (K)
|
165 | 182 | 207 | - | - | |||||||||||||||||
Total capitalization, excluding securitization debt (J-K)
|
6,033 | 5,770 | 4,655 | 3,967 | 3,813 | |||||||||||||||||
Less cash and cash equivalents (L)
|
124 | 30 | 1 | 123 | 152 | |||||||||||||||||
Net capitalization, excluding securitization debt (J-K-L)
|
5,909 | 5,740 | 4,654 | 3,844 | 3,662 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
5.6 | 6.5 | 12.1 | 7.6 | 8.2 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/E)
|
5.8 | 6.9 | 12.4 | 7.6 | 8.2 | |||||||||||||||||
Return on average members’ equity – As-Reported (A/F)
|
8.4 | 10.1 | 20.7 | 11.7 | 13.2 | |||||||||||||||||
Return on average members’ equity – Operational ((A-C)/F)
|
8.5 | 10.3 | 20.7 | 11.7 | 13.2 | |||||||||||||||||
Debt to capital ratio (G/J)
|
52.0 | 48.4 | 47.2 | 46.1 | 49.9 | |||||||||||||||||
Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
|
50.7 | 46.8 | 44.9 | 46.1 | 49.9 | |||||||||||||||||
Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
|
49.6 | 46.5 | 44.9 | 44.4 | 47.8 | |||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||
ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Earnings (A)
|
79.3 | 43.9 | 105.9 | 82.5 | 76.5 | |||||||||||||||||
Preferred dividends
|
2.8 | 2.8 | 2.8 | 2.8 | 2.8 | |||||||||||||||||
Tax-effected interest expense
|
35.4 | 34.0 | 29.5 | 32.1 | 30.5 | |||||||||||||||||
As-Reported Earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
117.5 | 80.8 | 138.3 | 117.4 | 109.9 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(0.9 | ) | (7.5 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(4.5 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(5.4 | ) | (7.5 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
122.9 | 88.3 | 138.3 | 117.4 | 109.9 | |||||||||||||||||
Operational earnings (A-C)
|
84.7 | 51.4 | 105.9 | 82.5 | 76.5 | |||||||||||||||||
Average invested capital (D)
|
2,084 | 1,963 | 1,720 | 1,609 | 1,509 | |||||||||||||||||
Average common equity (E)
|
916 | 858 | 784 | 714 | 681 | |||||||||||||||||
Gross debt (F)
|
1,059 | 1,178 | 931 | 839 | 852 | |||||||||||||||||
Less cash and cash equivalents (G)
|
- | 53 | - | 1 | 91 | |||||||||||||||||
Net debt (F-G)
|
1,059 | 1,125 | 931 | 837 | 760 | |||||||||||||||||
Total capitalization (H)
|
2,061 | 2,108 | 1,817 | 1,622 | 1,596 | |||||||||||||||||
Less cash and cash equivalents (I)
|
- | 53 | - | 1 | 91 | |||||||||||||||||
Net capitalization (H-I)
|
2,061 | 2,055 | 1,817 | 1,621 | 1,505 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
5.6 | 4.1 | 8.0 | 7.3 | 7.3 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/D)
|
5.9 | 4.5 | 8.0 | 7.3 | 7.3 | |||||||||||||||||
Return on average common equity – As-Reported (A/E)
|
8.7 | 5.1 | 13.5 | 11.6 | 11.2 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/E)
|
9.3 | 6.0 | 13.5 | 11.6 | 11.2 | |||||||||||||||||
Debt to capital ratio (F/H)
|
51.4 | 55.9 | 51.2 | 51.7 | 53.4 | |||||||||||||||||
Net debt to net capital ratio ((F-G)/(H-I))
|
51.4 | 54.7 | 51.2 | 51.7 | 50.5 | |||||||||||||||||
ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Earnings (A)
|
10.7 | 16.1 | 35.0 | 30.1 | 29.5 | |||||||||||||||||
Preferred dividends
|
1.0 | 0.9 | 1.0 | 1.0 | 1.0 | |||||||||||||||||
Tax-effected interest expense
|
8.1 | 6.8 | 6.7 | 7.9 | 10.4 | |||||||||||||||||
As-Reported Earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
19.8 | 23.8 | 42.7 | 39.0 | 40.9 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
(0.1 | ) | (0.9 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(2.7 | ) | - | - | - | - | ||||||||||||||||
Total special items (C)
|
(2.9 | ) | (0.9 | ) | - | - | - | |||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
22.5 | 24.7 | 42.7 | 39.0 | 40.9 | |||||||||||||||||
Operational earnings (A-C)
|
13.6 | 17.0 | 35.0 | 30.1 | 29.5 | |||||||||||||||||
Average invested capital (D)
|
432 | 390 | 371 | 436 | 499 | |||||||||||||||||
Average common equity (E)
|
201 | 188 | 185 | 197 | 207 | |||||||||||||||||
Gross debt (F)
|
226 | 196 | 167 | 167 | 272 | |||||||||||||||||
Less cash and cash equivalents (G)
|
34 | 9 | 10 | 55 | 191 | |||||||||||||||||
Net debt (F-G)
|
192 | 187 | 157 | 112 | 81 | |||||||||||||||||
Total capitalization (H)
|
452 | 412 | 367 | 375 | 497 | |||||||||||||||||
Less cash and cash equivalents (I)
|
34 | 9 | 10 | 55 | 191 | |||||||||||||||||
Net capitalization (H-I)
|
418 | 402 | 358 | 320 | 306 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
4.6 | 6.1 | 11.5 | 8.9 | 8.2 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/D)
|
5.2 | 6.3 | 11.5 | 8.9 | 8.2 | |||||||||||||||||
Return on average common equity – As-Reported (A/E)
|
5.3 | 8.5 | 19.0 | 15.3 | 14.3 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/E)
|
6.8 | 9.0 | 19.0 | 15.3 | 14.3 | |||||||||||||||||
Debt to capital ratio (F/H)
|
50.0 | 47.7 | 45.3 | 44.6 | 54.8 | |||||||||||||||||
Net debt to net capital ratio ((F-G)/(H-I))
|
46.0 | 46.5 | 43.8 | 35.1 | 26.5 | |||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||
SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Net Income (A)
|
113.7 | 111.9 | 64.2 | 82.6 | 48.9 | |||||||||||||||||
Preferred dividends
|
- | - | - | - | - | |||||||||||||||||
Tax-effected interest expense
|
23.0 | 23.4 | 25.5 | 29.9 | 26.7 | |||||||||||||||||
As-Reported Net Income including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
136.7 | 135.3 | 89.7 | 112.5 | 75.6 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
Transmission business spin-merge expenses
|
- | - | - | - | - | |||||||||||||||||
HCM implementation expenses
|
- | - | - | - | - | |||||||||||||||||
Total special items (C)
|
- | - | - | - | - | |||||||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
136.7 | 135.3 | 89.7 | 112.5 | 75.6 | |||||||||||||||||
Operational earnings (A-C)
|
113.7 | 111.9 | 64.2 | 82.6 | 48.9 | |||||||||||||||||
Average invested capital (D)
|
1,645 | 1,602 | 1,614 | 1,666 | 1,703 | |||||||||||||||||
Average common equity (E)
|
854 | 817 | 806 | 821 | 843 | |||||||||||||||||
Gross debt (F)
|
757 | 824 | 747 | 869 | 820 | |||||||||||||||||
Less cash and cash equivalents (G)
|
127 | 84 | 185 | 264 | 264 | |||||||||||||||||
Net debt (F-G)
|
630 | 740 | 562 | 605 | 556 | |||||||||||||||||
Total capitalization (H)
|
1,634 | 1,657 | 1,548 | 1,681 | 1,650 | |||||||||||||||||
Less cash and cash equivalents (I)
|
127 | 84 | 185 | 264 | 264 | |||||||||||||||||
Net capitalization (H-I)
|
1,507 | 1,573 | 1,362 | 1,417 | 1,386 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
8.3 | 8.4 | 5.6 | 6.8 | 4.4 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/D)
|
8.3 | 8.4 | 5.6 | 6.8 | 4.4 | |||||||||||||||||
Return on average common equity – As-Reported (A/E)
|
13.3 | 13.7 | 8.0 | 10.1 | 5.8 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/E)
|
13.3 | 13.7 | 8.0 | 10.1 | 5.8 | |||||||||||||||||
Debt to capital ratio (F/H)
|
46.4 | 49.7 | 48.3 | 51.7 | 49.7 | |||||||||||||||||
Net debt to net capital ratio ((F-G)/(H-I))
|
41.8 | 47.1 | 41.2 | 42.7 | 40.1 | |||||||||||||||||
ENTERGY WHOLESALE COMMODITIES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
As-Reported Net Income (A)
|
42.9 | 40.4 | 488.6 | 447.4 | 606.7 | |||||||||||||||||
Preferred dividends
|
0.1 | - | 3.3 | 2.7 | 2.6 | |||||||||||||||||
Tax-effected interest expense
|
10.0 | 11.0 | 20.3 | 63.2 | 72.0 | |||||||||||||||||
As-Reported Net Income including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B)
|
53.0 | 51.4 | 512.2 | 513.3 | 681.3 | |||||||||||||||||
Special items
|
||||||||||||||||||||||
VY asset impairments/related charges
|
(204.8 | ) | (223.5 | ) | - | - | - | |||||||||||||||
HCM implementation expenses
|
(15.0 | ) | - | - | - | - | ||||||||||||||||
Non-utility nuclear spin-off expenses
|
- | - | - | (100.7 | ) | (44.0 | ) | |||||||||||||||
Total special items (C)
|
(219.8 | ) | (223.5 | ) | - | (100.7 | ) | (44.0 | ) | |||||||||||||
Operational earnings including preferred
|
||||||||||||||||||||||
dividends and tax-effected interest expense (B-C)
|
272.8 | 274.9 | 512.2 | 614.0 | 725.3 | |||||||||||||||||
Operational earnings (A-C)
|
262.7 | 263.9 | 488.6 | 548.1 | 650.7 | |||||||||||||||||
Average invested capital (D)
|
5,145 | 5,513 | 5,627 | 5,378 | 4,956 | |||||||||||||||||
Average common equity (E)
|
4,978 | 5,328 | 5,029 | 4,252 | 3,589 | |||||||||||||||||
Gross debt (F)
|
199 | 111 | 204 | 851 | 1,228 | |||||||||||||||||
Less cash and cash equivalents (G)
|
176 | 141 | 323 | 454 | 453 | |||||||||||||||||
Net debt (F-G)
|
23 | (30 | ) | (119 | ) | 397 | 775 | |||||||||||||||
Total capitalization (H)
|
4,948 | 5,341 | 5,685 | 5,569 | 5,187 | |||||||||||||||||
Less cash and cash equivalents (I)
|
176 | 141 | 323 | 454 | 453 | |||||||||||||||||
Net capitalization (H-I)
|
4,772 | 5,201 | 5,362 | 5,115 | 4,734 | |||||||||||||||||
(%)
|
||||||||||||||||||||||
Return on average invested capital – As-Reported (B/D)
|
1.0 | 0.9 | 9.1 | 9.5 | 13.7 | |||||||||||||||||
Return on average invested capital – Operational ((B-C)/D)
|
5.3 | 5.0 | 9.1 | 11.4 | 14.6 | |||||||||||||||||
Return on average common equity – As-Reported (A/E)
|
0.9 | 0.8 | 9.7 | 10.5 | 16.9 | |||||||||||||||||
Return on average common equity – Operational ((A-C)/E)
|
5.3 | 5.0 | 9.7 | 12.9 | 18.1 | |||||||||||||||||
Debt to capital ratio (F/H)
|
4.0 | 2.1 | 3.6 | 15.3 | 23.7 | |||||||||||||||||
Net debt to net capital ratio ((F-G)/(H-I))
|
0.5 | (0.6 | ) | (2.2 | ) | 7.8 | 16.4 | |||||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||||||||||||||
ENTERGY WHOLESALE COMMODITIES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||||||||||||||
1Q12-4Q13 | ||||||||||||||||||||||||||||||||||
($ millions)
|
1Q13 | 2Q13 | 3Q13 | 4Q13 | 1Q12 | 2Q12 | 3Q12 | 4Q12 | ||||||||||||||||||||||||||
For the quarter:
|
||||||||||||||||||||||||||||||||||
As-Reported Net Income (A)
|
82.1 | 11.5 | (92.8 | ) | 42.1 | (175.9 | ) | 70.8 | 86.8 | 58.8 | ||||||||||||||||||||||||
Less special items (B)
|
- | (1.1 | ) | (175.2 | ) | (43.6 | ) | (223.5 | ) | - | - | - | ||||||||||||||||||||||
Operational earnings (A-B)
|
82.1 | 12.7 | 82.3 | 85.6 | 47.5 | 70.8 | 86.8 | 58.8 | ||||||||||||||||||||||||||
As-Reported Net Income, rolling 12 months (C)
|
298.5 | 239.3 | 59.7 | 42.9 | 198.9 | 171.4 | 136.6 | 40.4 | ||||||||||||||||||||||||||
Preferred dividends
|
- | - | - | 0.9 | 2.6 | 1.9 | 1.2 | - | ||||||||||||||||||||||||||
Tax-effected interest expense
|
9.1 | 8.0 | 8.7 | 10.0 | 18.6 | 16.7 | 12.7 | 11.0 | ||||||||||||||||||||||||||
As-Reported Net Income, rolling
|
||||||||||||||||||||||||||||||||||
12 months including preferred
|
||||||||||||||||||||||||||||||||||
dividends and tax-effected interest
|
||||||||||||||||||||||||||||||||||
expense (D)
|
307.6 | 247.3 | 68.4 | 53.8 | 220.1 | 190.0 | 150.6 | 51.4 | ||||||||||||||||||||||||||
Special items in prior quarters
|
- | - | (1.1 | ) | (176.3 | ) | - | (223.5 | ) | (223.5 | ) | (223.5 | ) | |||||||||||||||||||||
Special items in current quarter
|
- | (1.1 | ) | (175.2 | ) | (43.6 | ) | (223.5 | ) | - | - | - | ||||||||||||||||||||||
Total special items (E)
|
- | (1.1 | ) | (176.3 | ) | (219.8 | ) | (223.5 | ) | (223.5 | ) | (223.5 | ) | (223.5 | ) | |||||||||||||||||||
Operational earnings, rolling 12 months including
|
||||||||||||||||||||||||||||||||||
preferred dividends and tax-effected interest
|
||||||||||||||||||||||||||||||||||
expense (D-E)
|
307.6 | 248.4 | 244.7 | 273.6 | 443.6 | 413.4 | 374.0 | 274.9 | ||||||||||||||||||||||||||
Operational earnings, rolling 12 months (C-E)
|
298.5 | 240.4 | 236.0 | 262.7 | 422.4 | 394.9 | 360.1 | 263.9 | ||||||||||||||||||||||||||
Average invested capital (F)
|
5,548 | 5,539 | 5,456 | 5,145 | 5,626 | 5,603 | 5,552 | 5,513 | ||||||||||||||||||||||||||
Average common equity (G)
|
5,390 | 5,415 | 5,235 | 4,978 | 5,155 | 5,167 | 5,136 | 5,328 | ||||||||||||||||||||||||||
Gross debt (H)
|
110 | 111 | 316 | 199 | 207 | 137 | 127 | 111 | ||||||||||||||||||||||||||
Less cash and cash equivalents (I)
|
162 | 140 | 126 | 177 | 260 | 106 | 192 | 141 | ||||||||||||||||||||||||||
Net debt (H-I)
|
(52 | ) | (29 | ) | 191 | 22 | (53 | ) | 31 | (65 | ) | (30 | ) | |||||||||||||||||||||
Total capitalization (J)
|
5,439 | 5,578 | 5,536 | 4,948 | 5,657 | 5,499 | 5,377 | 5,341 | ||||||||||||||||||||||||||
Less cash and cash equivalents (K)
|
162 | 140 | 126 | 177 | 260 | 106 | 192 | 141 | ||||||||||||||||||||||||||
Net capital (J-K)
|
5,277 | 5,438 | 5,410 | 4,771 | 5,397 | 5,393 | 5,184 | 5,201 | ||||||||||||||||||||||||||
(%)
|
||||||||||||||||||||||||||||||||||
Return on average invested capital –
|
||||||||||||||||||||||||||||||||||
As-Reported (D/F)
|
5.5 | 4.5 | 1.3 | 1.0 | 3.9 | 3.4 | 2.7 | 0.9 | ||||||||||||||||||||||||||
Return on average invested capital –
|
||||||||||||||||||||||||||||||||||
Operational ((D-E)/F)
|
5.5 | 4.5 | 4.5 | 5.3 | 7.9 | 7.4 | 6.7 | 5.0 | ||||||||||||||||||||||||||
Return on average common equity –
|
||||||||||||||||||||||||||||||||||
As-Reported (C/G)
|
5.5 | 4.4 | 1.1 | 0.9 | 3.9 | 3.3 | 2.7 | 0.8 | ||||||||||||||||||||||||||
Return on average common equity –
|
||||||||||||||||||||||||||||||||||
Operational ((C-E)/G)
|
5.5 | 4.4 | 4.5 | 5.3 | 8.2 | 7.6 | 7.0 | 5.0 | ||||||||||||||||||||||||||
Debt to capital ratio (H/J)
|
2.0 | 2.0 | 5.7 | 4.0 | 3.7 | 2.5 | 2.4 | 2.1 | ||||||||||||||||||||||||||
Net debt to net capital ratio ((H-I)/(J-K))
|
(1.0 | ) | (0.5 | ) | 3.5 | 0.5 | (1.0 | ) | 0.6 | (1.2 | ) | (0.6 | ) | |||||||||||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||||||||||||||||
Calculations may differ due to rounding.
|
||||||||||||||||||||||||||||||||||
REG G RECONCILIATIONS
|
||||||||||||||||||||||||||||||||||
ENTERGY WHOLESALE COMMODITIES OPERATIONAL ADJUSTED EBITDA – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||||||||||||||
1Q12-4Q13 | ||||||||||||||||||||||||||||||||||
($ millions)
|
1Q13 | 2Q13 | 3Q13 | 4Q13 | 1Q12 | 2Q12 | 3Q12 | 4Q12 | ||||||||||||||||||||||||||
Net Income
|
82 | 12 | (93 | ) | 42 | (176 | ) | 71 | 87 | 59 | ||||||||||||||||||||||||
Add back: interest expense
|
3 | 4 | 4 | 5 | 6 | 5 | 3 | 3 | ||||||||||||||||||||||||||
Add back: income tax expense
|
57 | (15 | ) | (107 | ) | (12 | ) | (92 | ) | 47 | 57 | 50 | ||||||||||||||||||||||
Add back: depreciation and amortization
|
49 | 50 | 55 | 61 | 51 | 48 | 29 | 47 | ||||||||||||||||||||||||||
Subtract: interest and investment income
|
28 | 22 | 21 | 66 | 31 | 27 | 20 | 28 | ||||||||||||||||||||||||||
Add back: decommissioning expense
|
31 | 30 | 32 | 33 | 30 | (17 | ) | 29 | 30 | |||||||||||||||||||||||||
Subtract: other than temporary impairments
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Adjusted EBITDA
|
194 | 59 | (130 | ) | 63 | (212 | ) | 127 | 185 | 161 | ||||||||||||||||||||||||
Add back: special item for HCM
|
- | 2 | 3 | 19 | - | - | - | - | ||||||||||||||||||||||||||
implementation expenses (pre-tax)
|
||||||||||||||||||||||||||||||||||
Add back: VY asset impairments
|
- | - | 292 | 52 | 356 | - | - | - | ||||||||||||||||||||||||||
/related charges (pre-tax)
|
||||||||||||||||||||||||||||||||||
Operational adjusted EBITDA
|
194 | 61 | 165 | 133 | 144 | 127 | 185 | 161 | ||||||||||||||||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||||||||||||||||
ENTERGY WHOLESALE COMMODITIES OPERATIONAL ADJUSTED EBITDA – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
|
||||||||||||||||||||||
2009-2013 | ||||||||||||||||||||||
($ millions)
|
2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
Net Income
|
43 | 40 | 492 | 450 | 609 | |||||||||||||||||
Add back: interest expense
|
16 | 18 | 33 | 103 | 117 | |||||||||||||||||
Add back: income tax expense
|
(77 | ) | 61 | 176 | 248 | 287 | ||||||||||||||||
Add back: depreciation and amortization
|
216 | 176 | 179 | 163 | 152 | |||||||||||||||||
Subtract: interest and investment income
|
138 | 105 | 99 | 142 | 168 | |||||||||||||||||
Add back: decommissioning expense
|
125 | 72 | 81 | 107 | 99 | |||||||||||||||||
Subtract: other than temporary impairments
|
- | - | - | (1 | ) | (86 | ) | |||||||||||||||
Adjusted EBITDA
|
185 | 262 | 862 | 931 | 1,182 | |||||||||||||||||
Add back: special item for HCM
|
24 | - | - | - | - | |||||||||||||||||
implementation expenses (pre-tax)
|
||||||||||||||||||||||
Add back: VY asset impairments
|
343 | 356 | - | - | - | |||||||||||||||||
/related charges (pre-tax)
|
||||||||||||||||||||||
Add back: Non-utility nuclear spin-off
|
- | - | - | 117 | 48 | |||||||||||||||||
expenses (pre-tax)
|
||||||||||||||||||||||
Operational adjusted EBITDA
|
553 | 618 | 862 | 1,048 | 1,230 | |||||||||||||||||
Certain prior year data has been reclassified to conform with current year presentation.
|
||||||||||||||||||||||
Totals may not foot due to rounding.
|
||||||||||||||||||||||
ENTERGY CORPORATION AND SUBSIDIARIES
|
||||||
INVESTOR NEWS
|
ENTERGY COMMON STOCK PRICES
|
|||||
Entergy’s quarterly earnings results, webcasts, presentations, and other
|
The high and low trading prices for each quarterly period in 2013 and 2012
|
|||||
news and information of investor interest may be obtained by visiting the
|
were as follows (in dollars):
|
|||||
investor information page on Entergy’s corporate website at entergy.com
|
2013
|
2012
|
||||
or calling Entergy's Investor Relations information line at
|
QUARTER
|
HIGH
|
LOW
|
HIGH
|
LOW
|
|
1-888-ENTERGY (368-3749).
|
1
|
65.39
|
61.09
|
73.66
|
66.23
|
|
2
|
72.10
|
63.12
|
68.20
|
62.97
|
||
INVESTOR RELATIONS
|
3
|
72.60
|
61.66
|
74.50
|
67.07
|
|
Security analysts, portfolio managers, and other members of the financial
|
4
|
68.63
|
60.22
|
72.98
|
61.55
|
|
community may contact:
|
||||||
Paula Waters
|
DIVIDEND PAYMENTS
|
|||||
Vice President, Investor Relations
|
The Board of Directors declares dividends quarterly and sets the record and
|
|||||
Telephone: 504-576-4380
|
payment dates. Subject to Board discretion, those dates for 2014 are:
|
|||||
E–mail: pwater1@entergy.com
|
||||||
DECLARATION DATE
|
RECORD DATE
|
PAYMENT DATE
|
||||
SHAREHOLDER ACCOUNT INFORMATION
|
January 31
|
February 13
|
March 3
|
|||
Wells Fargo Shareowner Services is Entergy’s transfer agent,
|
April 17
|
May 15
|
June 2
|
|||
registrar, dividend disbursing agent, and dividend reinvestment
|
July 25
|
August 14
|
September 2
|
|||
and stock purchase plan agent. Shareholders of record with
|
October 31
|
November 13
|
December 1
|
|||
questions about lost certificates, lost or missing dividend checks
|
||||||
or notifications of change of address should contact:
|
Quarterly dividend payments (in cents-per-share):
|
|||||
Wells Fargo Shareowner Services
|
||||||
P.O. Box 64874
|
QUARTER
|
2014
|
2013
|
2012
|
2011
|
2010
|
St. Paul, MN 55164-0874
|
1
|
83
|
83
|
83
|
83
|
75
|
Phone: 1-855-854-1360
|
2
|
83
|
83
|
83
|
83
|
83
|
Internet: www.shareowneronline.com
|
3
|
83
|
83
|
83
|
83
|
|
4
|
83
|
83
|
83
|
83
|
||
CORPORATE GOVERNANCE
|
||||||
Entergy’s Corporate Governance Guidelines, Board Committee Charters
|
PREFERRED STOCK DIVIDEND PAYMENTS
|
|||||
for the Corporate Governance, Audit, and Personnel Committees, and
|
The board of directors for each preferred stock issuer declares preferred
|
|||||
Entergy’s Code of Conduct may be accessed electronically by selecting
|
dividends quarterly and sets the record and payment dates. Subject to
|
|||||
the investor information page on Entergy’s corporate website at
|
their discretion, those dates for 2014 and 2015 are:
|
|||||
entergy.com.
|
||||||
ADDITIONAL INFORMATION
|
UTILITY OPERATING COMPANY
|
RECORD DATE
|
PAYMENT DATE
|
|||
For copies of the above Corporate Governance documents, Entergy’s
|
Entergy Arkansas, Inc.
|
12/23/13
|
1/2/14
|
|||
10-K and 10-Q reports filed with the Securities and Exchange
|
|
3/20/14
|
4/1/14
|
|||
Commission, or for other investor information, call 1-888-ENTERGY
|
|
6/20/14
|
7/1/14
|
|||
or write to:
|
|
9/22/14
|
10/1/14
|
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Entergy Corporation
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12/22/14
|
1/2/15
|
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Investor Relations
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|
3/20/15
|
4/1/15
|
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P.O. Box 61000
|
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6/22/15
|
7/1/15
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New Orleans, LA 70161
|
|
9/21/15
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10/1/15
|
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Entergy Gulf States Louisiana, L.L.C.
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2/27/14
|
3/17/14
|
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COMMON STOCK INFORMATION
|
|
5/30/14
|
6/16/14
|
|||
The company’s common stock is listed on the New York and Chicago
|
|
8/29/14
|
9/15/14
|
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exchanges under the symbol “ETR” (CUSIP 29364G10). The Entergy
|
|
11/28/14
|
12/15/14
|
|||
share price is reported daily in the financial press under “Entergy” in
|
2/27/15
|
3/16/15
|
||||
most listings of New York Stock Exchange securities. Entergy common
|
|
5/29/15
|
6/15/15
|
|||
stock is a component of the following indices: S&P 500, S&P Utilities
|
|
8/28/15
|
9/15/15
|
|||
Index, Philadelphia Utility Index and the NYSE Composite Index,
|
|
11/27/15
|
12/15/15
|
|||
among others.
|
Entergy Louisiana, LLC
|
2/27/14
|
3/17/14
|
|||
|
5/30/14
|
6/16/14
|
||||
As of January 31, 2014, there were 178,563,836 shares of Entergy
|
|
8/29/14
|
9/15/14
|
|||
common stock outstanding. Shareholders of record totaled
|
|
11/28/14
|
12/15/14
|
|||
32,163, and approximately 116,000 investors held Entergy stock in
|
2/27/15
|
3/16/15
|
||||
“street name” through a broker.
|
|
5/29/15
|
6/15/15
|
|||
|
8/28/15
|
9/15/15
|
||||
CERTIFICATIONS
|
|
11/27/15
|
12/15/15
|
|||
In May 2013, Entergy’s Chief Executive Officer certified to the
|
Entergy Mississippi, Inc.
|
1/25/14
|
2/3/14
|
|||
New York Stock Exchange that he was not aware of any violation
|
|
4/21/14
|
5/1/14
|
|||
of the NYSE corporate governance listing standards. Also, Entergy
|
|
7/21/14
|
8/1/14
|
|||
filed certifications regarding the quality of the company’s public
|
|
10/20/14
|
11/3/14
|
|||
disclosure, required by Section 302 of the Sarbanes-Oxley Act of
|
1/20/15
|
2/2/15
|
||||
2002, as exhibits to its Report on Form 10-K for the fiscal year ended
|
|
4/20/15
|
5/1/15
|
|||
December 31, 2013.
|
|
7/20/15
|
8/3/15
|
|||
|
10/20/15
|
11/2/15
|
||||
Entergy New Orleans, Inc.
|
12/23/13
|
1/2/14
|
||||
|
3/20/14
|
4/1/14
|
||||
|
6/20/14
|
7/1/14
|
||||
|
9/22/14
|
10/1/14
|
||||
12/22/14
|
1/2/15
|
|||||
|
3/20/15
|
4/1/15
|
||||
|
6/22/15
|
7/1/15
|
||||
|
9/21/15
|
10/1/15
|
||||
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