Long - Term Debt

12 Months Ended

Dec. 31, 2016

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.

Entergy Arkansas [Member]

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.

Entergy Louisiana [Member]

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.

Entergy Mississippi [Member]

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.

Entergy New Orleans [Member]

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.

Entergy Texas [Member]

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.

System Energy [Member]

Long - Term Debt

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2016 and 2015 consisted of:

Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2016	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2016	2015	2016			2015
				(In Thousands)
Mortgage Bonds
2016-2021	4.92%	2.55%-7.125%	3.25%-7.125%		$2,350,000			$2,350,000
2022-2026	3.85%	2.40%-5.59%	3.05%-5.66%	3,965,000			3,308,276
2028-2041	3.06%	2.85%-3.25%	5.65%-6.38%	1,125,000			1,270,827
2044-2066	5.00%	4.70%-5.625%	4.70%-6.00%	2,960,000			1,860,000
Governmental Bonds (a)
2017-2021	2.22%	1.55%-2.375%	1.55%-2.375%	99,700			99,700
2022-2030	3.98%	3.375%-5.875%	4.90%-5.875%	332,680			384,680
Securitization Bonds
2018-2024	3.90%	2.04%-5.93%	2.04%-5.93%	669,310			784,340
Variable Interest Entities Notes Payable (Note 4)
2016-2023	3.47%	2.62%-4.02%	1.38%-4.02%	555,000			570,600
Entergy Corporation Notes
due January 2017	n/a	—	4.70%	—			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
due July 2022	n/a	4.00%	4.00%	650,000			650,000
due September 2026	n/a	2.95%	—	750,000			—
Note Payable to NYPA	—	—	(b)	—			34,259
5 Year Credit Facility (Note 4)	n/a	2.23%	1.98%	700,000			835,000
Long-term DOE Obligation (c)	—	—	—	181,853			181,378
Waterford 3 Lease Obligation (d)	n/a	8.09%	7.45%	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (d)	n/a	(e)	—	42,703			—
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	34,359			34,361
Vermont Yankee Credit Facility (Note 4)	n/a	2.17%	2.08%	44,500			12,000
Unamortized Premium and Discount - Net				(19,397		)	(12,067		)
Unamortized Debt Issuance Costs				(128,849		)	(110,349		)
Other				13,204			13,960
Total Long-Term Debt				14,832,555			13,325,930
Less Amount Due Within One Year				364,900			214,374
Long-Term Debt Excluding Amount Due Within One Year					$14,467,655			$13,111,556
Fair Value of Long-Term Debt (f)					$14,815,535			$13,578,511

(a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.

(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.

(c) 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.

(d) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.

(e) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

(f) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy, and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Amount
	(In Thousands)
2017		$307,403
2018		$828,084
2019		$724,899
2020		$795,000
2021		$1,674,548

In November 2000, Entergy’s non-utility nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction. As part of the purchase agreement with NYPA, Entergy recorded a liability representing the net present value of the payments Entergy would be liable to NYPA for each year that the FitzPatrick and Indian Point 3 power plants would run beyond their respective original NRC license expiration date. In October 2015, Entergy announced a planned shutdown of FitzPatrick at the end of its fuel cycle. As a result of the announcement, Entergy reduced this liability by $26.4 million pursuant to the terms of the purchase agreement. In August 2016, Entergy entered into a trust transfer agreement with NYPA to transfer the decommissioning trust funds and decommissioning liabilities for the Indian Point 3 and FitzPatrick plants to Entergy. As part of the trust transfer agreement, the original decommissioning agreements were amended, and the Entergy subsidiaries’ obligation to make additional license extension payments to NYPA was eliminated. In the third quarter 2016, Entergy removed the note payable of $35.1 million from the consolidated balance sheet.

Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have obtained long-term financing authorizations from the FERC that extend through October 2017.  Entergy Arkansas has obtained long-term financing authorization from the APSC that extends through December 2018.  Entergy New Orleans has obtained long-term financing authorization from the City Council that extends through June 2018.

Capital Funds Agreement

Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to:

• maintain System Energy’s equity capital at a minimum of 35% of its total capitalization (excluding short-term debt);

• permit the continued commercial operation of Grand Gulf;

• pay in full all System Energy indebtedness for borrowed money when due; and

• enable System Energy to make payments on specific System Energy debt, under a supplement to the agreement assigning System Energy’s rights in the agreement as security for the specific debt.

Long-term debt for the Registrant Subsidiaries as of December 31, 2016 and 2015 consisted of:

	2016			2015
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021		$350,000			$350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			375,000
5.66% Series due February 2025	—			175,000
3.5% Series due April 2026	380,000			—
5.9% Series due June 2033	—			100,000
6.38% Series due November 2034	—			60,000
5.75% Series due November 2040	—			225,000
4.95% Series due December 2044	250,000			250,000
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
4.875% Series due September 2066	410,000			—
Total mortgage bonds	2,340,000			2,110,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
3.23% Series J due July 2016	—			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			—
Total variable interest entity notes payable	190,000			205,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	49,548			62,966
Total securitization bonds	49,548			62,966
Other:
Long-term DOE Obligation (b)	181,853			181,378
Unamortized Premium and Discount – Net	984			(2,775		)
Unamortized Debt Issuance Costs	(34,357		)	(28,503		)
Other	2,057			2,073
Total Long-Term Debt	2,829,785			2,629,839
Less Amount Due Within One Year	114,700			55,000
Long-Term Debt Excluding Amount Due Within One Year		$2,715,085			$2,574,839
Fair Value of Long-Term Debt (c)		$2,623,910			$2,498,108

	2016			2015
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
6.50% Series due September 2018	300,000			300,000
3.95% Series due October 2020	250,000			250,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.59% Series due October 2024	300,000			300,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	110,000			110,000
3.78% Series due April 2025	190,000			190,000
4.44% Series due January 2026	250,000			250,000
2.40% Series due October 2026	400,000			—
3.25% Series due April 2028	425,000			—
3.05% Series due June 2031	325,000			—
6.2% Series due July 2033	—			240,000
6.18% Series due March 2035	—			85,000
6.0% Series due March 2040	—			118,000
5.875% Series due June 2041	—			150,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			250,000
5.25% Series due July 2052	200,000			200,000
4.70% Series due June 2063	100,000			100,000
4.875% Series due September 2066	270,000			—
Total mortgage bonds	5,240,000			4,213,000
Governmental Bonds (a):
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	—			83,680
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	—			115,000
3.375 % Series due 2028, Louisiana Public Facilities Authority (d)	83,680			—
3.50% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			—
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable (Note 4):
3.30% Series F due March 2016	—			20,000
3.25% Series G due July 2017	25,000			25,000
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
3.92% Series H due February 2021	40,000			40,000
3.22% Series I due December 2023	20,000			—
Credit Facility due June 2016, weighted avg rate 1.38%	—			600
Total variable interest entity notes payable	230,000			230,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	100,972			122,568
Total securitization bonds	100,972			122,568
Other:
Waterford 3 Lease Obligation (Note 10) (e)	57,492			108,965
Waterford Series Collateral Trust Mortgage Notes due 2017 (Note 10) (f)	42,703			—
Unamortized Premium and Discount - Net	(14,917		)	(4,537		)
Unamortized Debt Issuance Costs	(48,972		)	(40,156		)
Other	6,833			7,042
Total Long-Term Debt	5,812,791			4,836,162
Less Amount Due Within One Year	200,198			29,372
Long-Term Debt Excluding Amount Due Within One Year		$5,612,593			$4,806,790
Fair Value of Long-Term Debt (c)		$5,929,488			$5,018,786

	2016			2015
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$—			$125,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
2.85% Series due June 2028	375,000			—
6.0% Series due November 2032	—			75,000
6.25% Series due April 2034	—			100,000
6.20% Series due April 2040	—			80,000
6.0% Series due May 2051	—			150,000
4.90% Series due October 2066	260,000			—
Total mortgage bonds	1,135,000			1,030,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	—			30,000
Total governmental bonds	—			30,000
Other:
Unamortized Premium and Discount – Net	(766		)	(1,038		)
Unamortized Debt Issuance Costs	(13,318		)	(13,877		)
Total Long-Term Debt	1,120,916			1,045,085
Less Amount Due Within One Year	—			125,000
Long-Term Debt Excluding Amount Due Within One Year		$1,120,916			$920,085
Fair Value of Long-Term Debt (c)		$1,086,203			$1,087,326

	2016			2015
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	—			33,276
4.0% Series due June 2026	85,000			—
5.65% Series due September 2029	—			37,827
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			—
Total mortgage bonds	350,000			226,103
Securitization Bonds:
2.67% Series Senior Secured due June 2027	87,307			98,730
Total securitization bonds	87,307			98,730
Other:
Payable to Entergy Louisiana due November 2035	20,527			25,500
Unamortized Premium and Discount – Net	(245		)	(283		)
Unamortized Debt Issuance Costs	(8,595		)	(7,170		)
Total Long-Term Debt	448,994			342,880
Less Amount Due Within One Year	2,104			4,973
Long-Term Debt Excluding Amount Due Within One Year		$446,890			$337,907
Fair Value of Long-Term Debt (c)		$455,459			$351,040

	2016			2015
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$500,000			$500,000
2.55% Series due June 2021	125,000			—
4.1% Series due September 2021	75,000			75,000
5.15% Series due June 2045	250,000			250,000
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,085,000			960,000
Securitization Bonds:
5.79% Series Senior Secured, Series A due October 2018	23,584			49,614
3.65% Series Senior Secured, Series A due August 2019	74,899			117,462
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	431,483			500,076
Other:
Unamortized Premium and Discount - Net	(1,579		)	(1,797		)
Unamortized Debt Issuance Costs	(10,809		)	(11,155		)
Other	4,312			4,843
Total Long-Term Debt	1,508,407			1,451,967
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,508,407			$1,451,967
Fair Value of Long-Term Debt (c)		$1,600,156			$1,590,616

	2016			2015
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	134,000			156,000
Total governmental bonds	134,000			156,000
Variable Interest Entity Notes Payable (Note 4):
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	135,000			135,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	34,359			34,361
Unamortized Premium and Discount – Net	(503		)	(634		)
Unamortized Debt Issuance Costs	(1,727		)	(2,062		)
Other	3			2
Total Long-Term Debt	551,132			572,667
Less Amount Due Within One Year	50,003			2
Long-Term Debt Excluding Amount Due Within One Year		$501,129			$572,665
Fair Value of Long-Term Debt (c)		$529,520			$552,762

(a) Consists of pollution control revenue bonds and environmental revenue bonds.

(b) 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.

(c) The fair value excludes lease obligations of $57 million at Entergy Louisiana and $34 million at System Energy and long-term DOE obligations of $182 million at Entergy Arkansas, and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

(d) The bonds are secured by a series of collateral mortgage bonds.

(e) The interest rate as of December 31, 2016 was 8.09%. The interest rate as of December 31, 2015 was an overall implicit rate of 7.45% which included the equity portion of the lease obligation. See Note 10 to the financial statements for further discussion of Entergy Louisiana’s acquisition of the equity participant’s beneficial interest in the Waterford 3 leased assets in March 2016.

(f) This note does not have a stated interest rate, but has an implicit interest rate of 7.458%.

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2016, for the next five years are as follows:

	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2017		$114,700		$142,703		$—		$2,104		$—		$50,000
2018		$—		$675,000		$—		$2,077		$23,584		$85,000
2019		$—		$—		$150,000		$1,979		$574,899		$—
2020		$—		$320,000		$—		$26,838		$—		$—
2021		$534,548		$240,000		$—		$1,618		$200,000		$—

Entergy Arkansas Securitization Bonds

In June 2010 the APSC issued a financing order authorizing the issuance of bonds to recover Entergy Arkansas’s January 2009 ice storm damage restoration costs, including carrying costs of $11.5 million and $4.6 million of up-front financing costs.  In August 2010, Entergy Arkansas Restoration Funding, LLC, a company wholly-owned and consolidated by Entergy Arkansas, issued $124.1 million of storm cost recovery bonds.  The bonds have a coupon of 2.30%.  Although the principal amount is not due until the date given in the tables above, Entergy Arkansas Restoration Funding expects to make principal payments on the bonds over the next four years in the amount of $13.8 million for 2017, $14.1 million for 2018, $14.4 million for 2019, and $7.3 million for 2020. With the proceeds, Entergy Arkansas Restoration Funding purchased from Entergy Arkansas the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.  The storm recovery property is reflected as a regulatory asset on the consolidated Entergy Arkansas balance sheet.  The creditors of Entergy Arkansas do not have recourse to the assets or revenues of Entergy Arkansas Restoration Funding, including the storm recovery property, and the creditors of Entergy Arkansas Restoration Funding do not have recourse to the assets or revenues of Entergy Arkansas.  Entergy Arkansas has no payment obligations to Entergy Arkansas Restoration Funding except to remit storm recovery charge collections.

Entergy Louisiana Securitization Bonds – Little Gypsy

In August 2011 the LPSC issued a financing order authorizing the issuance of bonds to recover Entergy Louisiana’s investment recovery costs associated with the canceled Little Gypsy repowering project.  In September 2011, Entergy Louisiana Investment Recovery Funding I, L.L.C., a company wholly-owned and consolidated by Entergy Louisiana, issued $207.2 million of senior secured investment recovery bonds.  The bonds have an interest rate of 2.04%.  Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.  With the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.  In accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.  The investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.  The creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.  Entergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections.

Entergy New Orleans Securitization Bonds - Hurricane Isaac

In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization. In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds. The bonds have a coupon of 2.67%. Although the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.

With the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds. The storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet. The creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans. Entergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections.

Entergy Texas Securitization Bonds - Hurricane Rita

In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.  In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds, Series A:
Tranche A-1 (5.51%) due October 2013		$93,500
Tranche A-2 (5.79%) due October 2018	121,600
Tranche A-3 (5.93%) due June 2022	114,400
Total senior secured transition bonds		$329,500

Although the principal amount of each tranche is not due until the dates given above, Entergy Gulf States Reconstruction Funding expects to make principal payments on the bonds over the next five years in the amounts of $27.6 million for 2017, $29.2 million for 2018, $30.9 million for 2019, $32.8 million for 2020, and $17.5 million for 2021. Of the scheduled principal payments for 2017, $23.6 million are for Tranche A-2, and $4 million are for Tranche A-3. All of the scheduled principal payments for 2018-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Gulf States Reconstruction Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Gulf States Reconstruction Funding, including the transition property, and the creditors of Entergy Gulf States Reconstruction Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Gulf States Reconstruction Funding except to remit transition charge collections.

Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane Gustav

In September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:

	Amount
	(In Thousands)
Senior Secured Transition Bonds:
Tranche A-1 (2.12%) due February 2016		$182,500
Tranche A-2 (3.65%) due August 2019	144,800
Tranche A-3 (4.38%) due November 2023	218,600
Total senior secured transition bonds		$545,900

Although the principal amount of each tranche is not due until the dates given above, Entergy Texas Restoration Funding expects to make principal payments on the bonds over the next five years in the amount of $44.1 million for 2017, $45.8 million for 2018, $47.6 million for 2019, $49.8 million for 2020, and $52 million for 2021. All of the scheduled principal payments for 2017 are for Tranche A-2, $30.8 million of the scheduled principal payments for 2018 are for Tranche A-2 and $15 million are for Tranche A-3. All of the scheduled principle payments for 2019-2021 are for Tranche A-3. Tranche A-1 has been paid.

With the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.  The transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.  The creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.  Entergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.