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Preferred Equity (Tables)
12 Months Ended
Dec. 31, 2018
Schedule Of Number Of Shares And Units Authorized And Outstanding And Dollar Value Of Preferred Stock
The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2018 and 2017 are presented below.  
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-4.72% Series
 

 
313,500

 

 
313,500

 

$—

 

$31,350

Entergy Utility Holding Company, LLC, 7.5% Series (a)
 
110,000

 
110,000

 
110,000

 
110,000

 
107,425

 
107,425

Entergy Utility Holding Company, LLC, 6.25% Series (b)
 
15,000

 
15,000

 
15,000

 
15,000

 
14,366

 
14,398

Entergy Utility Holding Company, LLC, 6.75% Series (c)
 
75,000

 

 
75,000

 

 
73,362

 

Entergy Mississippi, 4.36%-4.92% Series
 

 
203,807

 

 
203,807

 

 
20,381

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
200,000

 
642,307

 
200,000

 
642,307

 
195,153

 
173,554

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Finance Holding, Inc. 8.75% (d)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
450,000

 
892,307

 
450,000

 
892,307

 

$219,402

 

$197,803


(a)
In October 2015, Entergy Utility Holding Company, LLC issued 110,000 units of $1,000 liquidation value 7.5% Series A Preferred Membership Interests, all of which are outstanding as of December 31, 2018. The distributions are cumulative and payable quarterly. These units are redeemable on or after January 1, 2036, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per unit. Dollar amount outstanding is net of $2,575 thousand of preferred stock issuance costs.
(b)
In November 2017, Entergy Utility Holding Company, LLC issued 15,000 units of $1,000 liquidation value 6.25% Series B Preferred Membership Interests, all of which are outstanding as of December 31, 2018. The distributions are cumulative and payable quarterly. These units are redeemable on or after February 28, 2038, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per unit. Dollar amount outstanding is net of $634 thousand of preferred stock issuance costs.
(c)
In November 2018, Entergy Utility Holding Company, LLC issued 75,000 units of $1,000 liquidation value 6.75% Series C Preferred Membership Interests, all of which are outstanding as of December 31, 2018. The distributions are cumulative and payable quarterly. These units are redeemable on or after February 28, 2039, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per unit. Dollar amount outstanding is net of $1,638 thousand of preferred stock issuance costs.
(d)
In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2017. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share. Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
Entergy Arkansas [Member]  
Schedule Of Number Of Shares And Units Authorized And Outstanding And Dollar Value Of Preferred Stock
Dividends and distributions paid on all of Entergy Corporation’s subsidiaries’ preferred stock and membership interests series may be eligible for the dividends received deduction.  
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2018
 
2017
 
2018
 
2017
 
2018
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series (a)
 

 
70,000

 

$—

 

$7,000

 

$—

4.72% Series (a)
 

 
93,500

 

 
9,350

 

$—

4.56% Series (a)
 

 
75,000

 

 
7,500

 

$—

4.56% 1965 Series (a)
 

 
75,000

 

 
7,500

 

$—

Total without sinking fund
 

 
313,500

 

$—

 

$31,350

 
 


(a)
In November 2018, Entergy Arkansas redeemed all of its preferred membership interests as part of a multi-step internal restructuring. See Note 2 to the financial statements for a discussion of Entergy Arkansas’s internal restructuring.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2018
 
2017
 
2018
 
2017
 
2018
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series (b)
 

 
59,920

 

$—

 

$5,992

 

$—

4.56% Series (b)
 

 
43,887

 

 
4,389

 

$—

4.92% Series (b)
 

 
100,000

 

 
10,000

 

$—

Total without sinking fund
 

 
203,807

 

$—

 

$20,381

 
 

Entergy Mississippi [Member]  
Schedule Of Number Of Shares And Units Authorized And Outstanding And Dollar Value Of Preferred Stock
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2018
 
2017
 
2018
 
2017
 
2018
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series (b)
 

 
59,920

 

$—

 

$5,992

 

$—

4.56% Series (b)
 

 
43,887

 

 
4,389

 

$—

4.92% Series (b)
 

 
100,000

 

 
10,000

 

$—

Total without sinking fund
 

 
203,807

 

$—

 

$20,381

 
 


(b)
In November 2018, Entergy Mississippi redeemed all of its preferred membership interests as part of a multi-step internal restructuring. See Note 2 to the financial statements for a discussion of Entergy Mississippi’s internal restructuring.