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Risk Management And Fair Values (Tables)

9 Months Ended

Sep. 30, 2017

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of September 30, 2017 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.



Instrument	Balance Sheet Location	Fair Value (a)	Offset (b)	Net (c) (d)	Business
		(In Millions)
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$52	($22)	$30	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$29	($7)	$22	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$17	($17)	$—	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$7	($7)	$—	Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$11	($3)	$8	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$1	($1)	$—	Entergy Wholesale Commodities
Financial transmission rights	Prepayments and other	$39	($2)	$37	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities(current portion)	$8	($8)	$—	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$1	($1)	$—	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$1	$—	$1	Utility

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2016 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.



Instrument	Balance Sheet Location	Fair Value (a)	Offset (b)	Net (c) (d)	Business
		(In Millions)
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$25	($14)	$11	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$6	($6)	$—	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$11	($10)	$1	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$16	($7)	$9	Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$18	($13)	$5	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$5	($5)	$—	Entergy Wholesale Commodities
Natural gas swaps	Prepayments and other	$13	$—	$13	Utility
Financial transmission rights	Prepayments and other	$22	($1)	$21	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$18	($17)	$1	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$4	($4)	$—	Entergy Wholesale Commodities


(a)	Represents the gross amounts of recognized assets/liabilities


(b)	Represents the netting of fair value balances with the same counterparty


(c)	Represents the net amounts of assets/liabilities presented on the Entergy Corporation and Subsidiaries’ Consolidated Balance Sheet


(d)	Excludes cash collateral in the amount of $1 million posted and $4 million held as of September 30, 2017 and $2 million posted as of December 31, 2016. Also excludes $28 million in letters of credit held as of September 30, 2017.

Derivative Instruments Designated As Cash Flow Hedges On Consolidated Statements Of Income

The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the three months ended September 30, 2017 and 2016 are as follows:



Instrument	Amount of gain recognized in other comprehensive income	Income Statement location	Amount of gain reclassified from accumulated other comprehensive income into income (a)
	(In Millions)		(In Millions)
2017
Electricity swaps and options	$43	Competitive businesses operating revenues	$23

2016
Electricity swaps and options	$70	Competitive businesses operating revenues	$37


(a)	Before taxes of $8 million and $13 million for the three months ended September 30, 2017 and 2016, respectively

The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the nine months ended September 30, 2017 and 2016 are as follows:



Instrument	Amount of gain recognized in other comprehensive income	Income Statement location	Amount of gain reclassified from accumulated other comprehensive income into income (a)
	(In Millions)		(In Millions)
2017
Electricity swaps and options	$136	Competitive businesses operating revenues	$87

2016
Electricity swaps and options	$156	Competitive businesses operating revenues	$237


(a)	Before taxes of $30 million and $83 million for the nine months ended September 30, 2017 and 2016, respectively

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the three months ended September 30, 2017 and 2016 are as follows:



Instrument	Amount of loss recognized in accumulated other comprehensive income		Income Statement location		Amount of gain (loss) recorded in the income statement
	(In Millions)				(In Millions)
2017
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	($3)
Financial transmission rights	$—		Purchased power expense	(b)	$28
Electricity swaps and options	($2)	(c)	Competitive business operating revenues		$—

2016
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	$25
Financial transmission rights	$—		Purchased power expense	(b)	$37
Electricity swaps and options	($9)	(c)	Competitive business operating revenues		$—

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the nine months ended September 30, 2017 and 2016 are as follows:



Instrument	Amount of gain recognized in accumulated other comprehensive income		Income Statement location		Amount of gain (loss) recorded in the income statement
	(In Millions)				(In Millions)
2017
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	($20)
Financial transmission rights	$—		Purchased power expense	(b)	$103
Electricity swaps and options	$2	(c)	Competitive business operating revenues		$—

2016
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	($5)
Financial transmission rights	$—		Purchased power expense	(b)	$96
Electricity swaps and options	$6	(c)	Competitive business operating revenues		($9)


(a)	Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)

Due to regulatory treatment, the changes in the estimated fair value of financial transmission rights for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as purchased power expense when the financial transmission rights for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.


(c)	Amount of gain (loss) recognized in accumulated other comprehensive income from electricity swaps and options de-designated as hedged items.

Assets and liabilities at fair value on a recurring basis

The following tables set forth, by level within the fair value hierarchy, Entergy’s assets and liabilities that are accounted for at fair value on a recurring basis as of September 30, 2017 and December 31, 2016. The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect its placement within the fair value hierarchy levels.



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$459		$—		$—		$459
Decommissioning trust funds (a):
Equity securities	487		—		—		487
Debt securities	1,035		1,394		—		2,429
Common trusts (b)							4,067
Power contracts	—		—		60		60
Securitization recovery trust account	53		—		—		53
Escrow accounts	407		—		—		407
Financial transmission rights	—		—		37		37
		$2,441		$1,394		$97		$7,999
Liabilities:
Gas hedge contracts		$1		$—		$—		$1



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$1,058		$—		$—		$1,058
Decommissioning trust funds (a):
Equity securities	480		—		—		480
Debt securities	985		1,228		—		2,213
Common trusts (b)							3,031
Power contracts	—		—		16		16
Securitization recovery trust account	46		—		—		46
Escrow accounts	433		—		—		433
Gas hedge contracts	13		—		—		13
Financial transmission rights	—		—		21		21
		$3,015		$1,228		$37		$7,311
Liabilities:
Power contracts		$—		$—		$11		$11


(a)	The decommissioning trust funds hold equity and fixed income securities. Equity securities are invested to approximate the returns of major market indices. Fixed income securities are held in various governmental and corporate securities. See Note 9 to the financial statements for additional information on the investment portfolios.


(b)	Common trust funds are not publicly quoted, and are valued by the fund administrators using net asset value as a practical expedient. Accordingly, these funds are not assigned a level in the fair value table. The fund administrator of these investments allows daily trading at the net asset value and trades settle at a later date.

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended September 30, 2017 and 2016:



	2017						2016
	Power Contracts			Financial transmission rights			Power Contracts			Financial transmission rights
	(In Millions)
Balance as of July 1,		$38			$57			$66			$46
Total gains (losses) for the period (a)
Included in earnings	2			—			6			—
Included in other comprehensive income	43			—			70			—
Included as a regulatory liability/asset	—			8			—			22
Settlements	(23		)	(28		)	(47		)	(37		)
Balance as of September 30,		$60			$37			$95			$31


(a)	Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period is $0.4 million for the three months ended September 30, 2017 and $1 million for the three months ended September 30, 2016.



	2017						2016
	Power Contracts			Financial transmission rights			Power Contracts			Financial transmission rights
	(In Millions)
Balance as of January 1,		$5			$21			$189			$23
Total gains (losses) for the period (a)
Included in earnings	6			1			(3		)	—
Included in other comprehensive income	136			—			156			—
Included as a regulatory liability/asset	—			56			—			49
Issuances of financial transmission rights	—			62			—			55
Settlements	(87		)	(103		)	(247		)	(96		)
Balance as of September 30,		$60			$37			$95			$31


(a)	Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period is $1 million for the nine months ended September 30, 2017 and $1 million for the nine months ended September 30, 2016.

Fair Value Inputs Liabilities Quantitative Information

The following table sets forth a description of the types of transactions classified as Level 3 in the fair value hierarchy and significant unobservable inputs to each which cause that classification as of September 30, 2017:



Transaction Type	Fair Value as of September 30, 2017	Significant Unobservable Inputs	Range from Average %		Effect on Fair Value
	(In Millions)				(In Millions)
Power contracts - electricity swaps	$60	Unit contingent discount	+/-	4%	$5

Entergy Arkansas [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of September 30, 2017 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Financial transmission rights	Prepayments and other	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$18.8	Entergy Louisiana
Financial transmission rights	Prepayments and other	$5.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$3.5	Entergy New Orleans
Financial transmission rights	Prepayments and other	$5.0	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.7	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.2	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Natural gas swaps	Prepayments and other	$10.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$2.3	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.2	Entergy New Orleans

Financial transmission rights	Prepayments and other	$5.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$8.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$3.2	Entergy Mississippi
Financial transmission rights	Prepayments and other	$1.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$3.1	Entergy Texas


(a)	As of September 30, 2017, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Arkansas and $0.1 million for Entergy Mississippi. As of December 31, 2016, letters of credit posted with MISO covered financial transmission rights exposure of $0.3 million for Entergy Arkansas and $0.1 million for Entergy Mississippi.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended September 30, 2017 and 2016 are as follows:



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.6)	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$4.2	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$9.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$4.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$1.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$7.0	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$7.1	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$20.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$6.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$0.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$1.8	(b)	Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the nine months ended September 30, 2017 and 2016 are as follows:



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.1)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$19.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$38.9	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$16.3	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$7.7	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$19.2	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$20.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$52.5	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$11.1	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$2.8	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$8.7	(b)	Entergy Texas


(a)	Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)

Assets and liabilities at fair value on a recurring basis

Entergy Arkansas



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities		$6.7		$—		$—		$6.7
Debt securities	128.4		205.7		—		334.1
Common trusts (b)							569.6
Securitization recovery trust account	7.8		—		—		7.8
Escrow accounts	2.4		—		—		2.4
Financial transmission rights	—		—		4.4		4.4
		$145.3		$205.7		$4.4		$925.0



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities		$3.6		$—		$—		$3.6
Debt securities	112.5		196.8		—		309.3
Common trusts (b)							521.8
Securitization recovery trust account	4.1		—		—		4.1
Escrow accounts	7.1		—		—		7.1
Financial transmission rights	—		—		5.4		5.4
		$127.3		$196.8		$5.4		$851.3

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$8.3			$28.3			$9.1			$5.2			$5.5
Gains included as a regulatory liability/asset	0.3			(0.1		)	1.1			0.2			6.5
Settlements	(4.2		)	(9.4		)	(4.7		)	(1.9		)	(7.0		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$5.4			$8.5			$3.2			$1.1			$3.1
Issuances of financial transmission rights	8.9			31.0			9.6			5.0			7.1
Gains included as a regulatory liability/asset	9.4			18.2			9.0			5.1			14.0
Settlements	(19.3		)	(38.9		)	(16.3		)	(7.7		)	(19.2		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of financial transmission rights	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1

Entergy Louisiana [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of September 30, 2017 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Financial transmission rights	Prepayments and other	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$18.8	Entergy Louisiana
Financial transmission rights	Prepayments and other	$5.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$3.5	Entergy New Orleans
Financial transmission rights	Prepayments and other	$5.0	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.7	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.2	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Natural gas swaps	Prepayments and other	$10.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$2.3	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.2	Entergy New Orleans

Financial transmission rights	Prepayments and other	$5.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$8.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$3.2	Entergy Mississippi
Financial transmission rights	Prepayments and other	$1.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$3.1	Entergy Texas


(a)	As of September 30, 2017, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Arkansas and $0.1 million for Entergy Mississippi. As of December 31, 2016, letters of credit posted with MISO covered financial transmission rights exposure of $0.3 million for Entergy Arkansas and $0.1 million for Entergy Mississippi.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.6)	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$4.2	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$9.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$4.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$1.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$7.0	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$7.1	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$20.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$6.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$0.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$1.8	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.1)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$19.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$38.9	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$16.3	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$7.7	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$19.2	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$20.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$52.5	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$11.1	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$2.8	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$8.7	(b)	Entergy Texas


(a)	Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)

Assets and liabilities at fair value on a recurring basis

Entergy Louisiana



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$45.4		$—		$—		$45.4
Decommissioning trust funds (a):
Equity securities	10.8		—		—		10.8
Debt securities	145.5		333.3		—		478.8
Common trusts (b)							770.4
Escrow accounts	288.8		—		—		288.8
Securitization recovery trust account	9.4		—		—		9.4
Financial transmission rights	—		—		18.8		18.8
		$499.9		$333.3		$18.8		$1,622.4

Liabilities:
Gas hedge contracts		$0.7		$—		$—		$0.7



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$163.9		$—		$—		$163.9
Decommissioning trust funds (a):
Equity securities	13.9		—		—		13.9
Debt securities	132.3		292.5		—		424.8
Common trusts (b)							702.0
Escrow accounts	305.7		—		—		305.7
Securitization recovery trust account	2.8		—		—		2.8
Gas hedge contracts	10.9		—		—		10.9
Financial transmission rights	—		—		8.5		8.5
		$629.5		$292.5		$8.5		$1,632.5

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$8.3			$28.3			$9.1			$5.2			$5.5
Gains included as a regulatory liability/asset	0.3			(0.1		)	1.1			0.2			6.5
Settlements	(4.2		)	(9.4		)	(4.7		)	(1.9		)	(7.0		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$5.4			$8.5			$3.2			$1.1			$3.1
Issuances of financial transmission rights	8.9			31.0			9.6			5.0			7.1
Gains included as a regulatory liability/asset	9.4			18.2			9.0			5.1			14.0
Settlements	(19.3		)	(38.9		)	(16.3		)	(7.7		)	(19.2		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of financial transmission rights	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1

Entergy Mississippi [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of September 30, 2017 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Financial transmission rights	Prepayments and other	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$18.8	Entergy Louisiana
Financial transmission rights	Prepayments and other	$5.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$3.5	Entergy New Orleans
Financial transmission rights	Prepayments and other	$5.0	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.7	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.2	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Natural gas swaps	Prepayments and other	$10.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$2.3	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.2	Entergy New Orleans

Financial transmission rights	Prepayments and other	$5.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$8.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$3.2	Entergy Mississippi
Financial transmission rights	Prepayments and other	$1.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$3.1	Entergy Texas


(a)	As of September 30, 2017, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Arkansas and $0.1 million for Entergy Mississippi. As of December 31, 2016, letters of credit posted with MISO covered financial transmission rights exposure of $0.3 million for Entergy Arkansas and $0.1 million for Entergy Mississippi.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.6)	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$4.2	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$9.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$4.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$1.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$7.0	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$7.1	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$20.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$6.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$0.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$1.8	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.1)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$19.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$38.9	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$16.3	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$7.7	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$19.2	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$20.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$52.5	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$11.1	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$2.8	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$8.7	(b)	Entergy Texas


(a)	Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)

Assets and liabilities at fair value on a recurring basis

Entergy Mississippi



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Escrow accounts		$31.9		$—		$—		$31.9
Financial transmission rights	—		—		5.5		5.5
		$31.9		$—		$5.5		$37.4

Liabilities:
Gas hedge contracts		$0.2		$—		$—		$0.2



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$76.8		$—		$—		$76.8
Escrow accounts	31.8		—		—		31.8
Gas hedge contracts	2.3		—		—		2.3
Financial transmission rights	—		—		3.2		3.2
		$110.9		$—		$3.2		$114.1

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$8.3			$28.3			$9.1			$5.2			$5.5
Gains included as a regulatory liability/asset	0.3			(0.1		)	1.1			0.2			6.5
Settlements	(4.2		)	(9.4		)	(4.7		)	(1.9		)	(7.0		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$5.4			$8.5			$3.2			$1.1			$3.1
Issuances of financial transmission rights	8.9			31.0			9.6			5.0			7.1
Gains included as a regulatory liability/asset	9.4			18.2			9.0			5.1			14.0
Settlements	(19.3		)	(38.9		)	(16.3		)	(7.7		)	(19.2		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of financial transmission rights	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1

Entergy New Orleans [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of September 30, 2017 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Financial transmission rights	Prepayments and other	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$18.8	Entergy Louisiana
Financial transmission rights	Prepayments and other	$5.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$3.5	Entergy New Orleans
Financial transmission rights	Prepayments and other	$5.0	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.7	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.2	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Natural gas swaps	Prepayments and other	$10.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$2.3	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.2	Entergy New Orleans

Financial transmission rights	Prepayments and other	$5.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$8.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$3.2	Entergy Mississippi
Financial transmission rights	Prepayments and other	$1.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$3.1	Entergy Texas


(a)	As of September 30, 2017, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Arkansas and $0.1 million for Entergy Mississippi. As of December 31, 2016, letters of credit posted with MISO covered financial transmission rights exposure of $0.3 million for Entergy Arkansas and $0.1 million for Entergy Mississippi.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.6)	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$4.2	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$9.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$4.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$1.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$7.0	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$7.1	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$20.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$6.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$0.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$1.8	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.1)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$19.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$38.9	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$16.3	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$7.7	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$19.2	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$20.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$52.5	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$11.1	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$2.8	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$8.7	(b)	Entergy Texas


(a)	Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)

Assets and liabilities at fair value on a recurring basis

Entergy New Orleans



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$28.4		$—		$—		$28.4
Securitization recovery trust account	4.7		—		—		4.7
Escrow accounts	84.2		—		—		84.2
Financial transmission rights	—		—		3.5		3.5
		$117.3		$—		$3.5		$120.8



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$103.0		$—		$—		$103.0
Securitization recovery trust account	1.7		—		—		1.7
Escrow accounts	88.6		—		—		88.6
Gas hedge contracts	0.2		—		—		0.2
Financial transmission rights	—		—		1.1		1.1
		$193.5		$—		$1.1		$194.6

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$8.3			$28.3			$9.1			$5.2			$5.5
Gains included as a regulatory liability/asset	0.3			(0.1		)	1.1			0.2			6.5
Settlements	(4.2		)	(9.4		)	(4.7		)	(1.9		)	(7.0		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$5.4			$8.5			$3.2			$1.1			$3.1
Issuances of financial transmission rights	8.9			31.0			9.6			5.0			7.1
Gains included as a regulatory liability/asset	9.4			18.2			9.0			5.1			14.0
Settlements	(19.3		)	(38.9		)	(16.3		)	(7.7		)	(19.2		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of financial transmission rights	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1

Entergy Texas [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of September 30, 2017 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Financial transmission rights	Prepayments and other	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$18.8	Entergy Louisiana
Financial transmission rights	Prepayments and other	$5.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$3.5	Entergy New Orleans
Financial transmission rights	Prepayments and other	$5.0	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.7	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.2	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
Natural gas swaps	Prepayments and other	$10.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$2.3	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.2	Entergy New Orleans

Financial transmission rights	Prepayments and other	$5.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$8.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$3.2	Entergy Mississippi
Financial transmission rights	Prepayments and other	$1.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$3.1	Entergy Texas


(a)	As of September 30, 2017, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Arkansas and $0.1 million for Entergy Mississippi. As of December 31, 2016, letters of credit posted with MISO covered financial transmission rights exposure of $0.3 million for Entergy Arkansas and $0.1 million for Entergy Mississippi.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.6)	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$4.2	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$9.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$4.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$1.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$7.0	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

Financial transmission rights	Purchased power expense	$7.1	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$20.4	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$6.7	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$0.9	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$1.8	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2017
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.1)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$19.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$38.9	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$16.3	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$7.7	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$19.2	(b)	Entergy Texas

2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

Financial transmission rights	Purchased power expense	$20.3	(b)	Entergy Arkansas
Financial transmission rights	Purchased power expense	$52.5	(b)	Entergy Louisiana
Financial transmission rights	Purchased power expense	$11.1	(b)	Entergy Mississippi
Financial transmission rights	Purchased power expense	$2.8	(b)	Entergy New Orleans
Financial transmission rights	Purchased power expense	$8.7	(b)	Entergy Texas


(a)	Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)

Assets and liabilities at fair value on a recurring basis

Entergy Texas



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Securitization recovery trust account		$30.8		$—		$—		$30.8
Financial transmission rights	—		—		5.0		5.0
		$30.8		$—		$5.0		$35.8



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$5.0		$—		$—		$5.0
Securitization recovery trust account	37.5		—		—		37.5
Financial transmission rights	—		—		3.1		3.1
		$42.5		$—		$3.1		$45.6

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$8.3			$28.3			$9.1			$5.2			$5.5
Gains included as a regulatory liability/asset	0.3			(0.1		)	1.1			0.2			6.5
Settlements	(4.2		)	(9.4		)	(4.7		)	(1.9		)	(7.0		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$5.4			$8.5			$3.2			$1.1			$3.1
Issuances of financial transmission rights	8.9			31.0			9.6			5.0			7.1
Gains included as a regulatory liability/asset	9.4			18.2			9.0			5.1			14.0
Settlements	(19.3		)	(38.9		)	(16.3		)	(7.7		)	(19.2		)
Balance as of September 30,		$4.4			$18.8			$5.5			$3.5			$5.0



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of financial transmission rights	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1

System Energy [Member]

Assets and liabilities at fair value on a recurring basis

System Energy



2017	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$144.9		$—		$—		$144.9
Decommissioning trust funds (a):
Equity securities	2.6		—		—		2.6
Debt securities	198.2		131.4		—		329.6
Common trusts (b)							538.4
		$345.7		$131.4		$—		$1,015.5



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$245.1		$—		$—		$245.1
Decommissioning trust funds (a):
Equity securities	0.3		—		—		0.3
Debt securities	248.3		58.3		—		306.6
Common trusts (b)							473.6
		$493.7		$58.3		$—		$1,025.6