Long - Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2019 and 2018 consisted of:



Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2019	Interest Rate Ranges at December 31,		Outstanding at December 31,
Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2019	2019	2018	2019			2018
				(In Thousands)
Mortgage Bonds
2019-2023	3.65%	2.55%-5.10%	2.55%-7.125%		$2,400,000			$3,050,000
2024-2028	3.59%	2.40%-5.59%	2.40%-5.59%	4,610,000			4,610,000
2029-2039	4.05%	3.05%-4.52%	3.05%-4.52%	1,890,000			1,190,000
2044-2066	4.63%	3.55%-5.625%	4.20%-5.625%	5,170,000			3,560,000
Governmental Bonds (a)
2021-2022	2.48%	2.375%-2.50%	2.375%-5.875%	179,000			179,000
2028-2030	3.45%	3.375%-3.50%	3.375%-3.50%	198,680			198,680
Securitization Bonds
2021-2027	3.73%	2.04%-5.93%	2.04%-5.93%	302,145			429,118
Variable Interest Entities Notes Payable (Note 4)
2020-2023	3.41%	3.17%-3.92%	3.17%-3.92%	360,000			360,000
Entergy Corporation Notes
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%	2.95%	750,000			750,000
Entergy New Orleans Unsecured Term Loan	n/a	3.00%	—	70,000			—
5 Year Credit Facility (Note 4)	n/a	3.77%	3.60%	440,000			220,000
Entergy New Orleans Credit Facility (Note 4)	n/a	2.92%	—	20,000			—
Vermont Yankee Credit Facility (Note 4)	n/a	3.93%	3.50%	139,000			139,000
Entergy Arkansas VIE Credit Facility (Note 4)	n/a	3.33%	3.48%	15,100			59,600
Entergy Louisiana River Bend VIE Credit Facility (Note 4)	n/a	3.23%	3.44%	70,300			38,600
Entergy Louisiana Waterford VIE Credit Facility (Note 4)	n/a	3.30%	3.35%	49,900			82,000
System Energy VIE Credit Facility (Note 4)	n/a	3.34%	3.44%	31,600			113,900
Long-term DOE Obligation (b)	—	—	—	191,114			186,864
Grand Gulf Sale-Leaseback Obligation	n/a	—	—	34,346			34,352
Unamortized Premium and Discount - Net				(16,124		)	(14,784		)
Unamortized Debt Issuance Costs				(143,502		)	(130,612		)
Other				12,096			12,594
Total Long-Term Debt				17,873,655			16,168,312
Less Amount Due Within One Year				795,012			650,009
Long-Term Debt Excluding Amount Due Within One Year					$17,078,643			$15,518,303
Fair Value of Long-Term Debt					$19,059,950			$16,101,455


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

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Amount
	(In Thousands)
2020		$795,000
2021		$1,358,159
2022		$1,104,289
2023		$1,865,154
2024		$1,175,000

Entergy Arkansas [Member]

Schedule Of Long-Term Debt



	2019			2018
	(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
3.5% Series due April 2026	600,000			600,000
4.0% Series due June 2028	250,000			250,000
4.95% Series due December 2044	250,000			250,000
4.20% Series due April 2049	350,000			—
4.90% 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			410,000
Total mortgage bonds	3,160,000			2,810,000
Governmental Bonds (a):
2.375% Series due 2021, Independence County (c)	45,000			45,000
Total governmental bonds	45,000			45,000
Variable Interest Entity Notes Payable and Credit Facility (Note 4):
3.65% Series L due July 2021	90,000			90,000
3.17% Series M due December 2023	40,000			40,000
Credit Facility due September 2021, weighted avg rate 3.33%	15,100			59,600
Total variable interest entity notes payable and credit facility	145,100			189,600
Securitization Bonds:
2.30% Series Senior Secured due August 2021	7,259			21,692
Total securitization bonds	7,259			21,692
Other:
Long-term DOE Obligation (b)	191,114			186,864
Unamortized Premium and Discount – Net	1,664			4,408
Unamortized Debt Issuance Costs	(34,936		)	(33,831		)
Other	2,007			2,026
Total Long-Term Debt	3,517,208			3,225,759
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$3,517,208			$3,225,759
Fair Value of Long-Term Debt		$3,747,914			$3,189,491

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2020		$—		$320,000		$—		$25,000		$—		$—
2021		$507,359		$360,200		$—		$20,000		$200,000		$131,600
2022		$—		$200,000		$—		$70,000		$50,289		$134,000
2023		$290,000		$379,185		$250,000		$100,000		$155,969		$250,000
2024		$375,000		$700,000		$100,000		$—		$—		$—

Entergy Louisiana [Member]

Schedule Of Long-Term Debt



	2019			2018
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
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			400,000
3.12% Series due September 2027	450,000			450,000
3.25% Series due April 2028	425,000			425,000
3.05% Series due June 2031	325,000			325,000
4.0% Series due March 2033	750,000			750,000
5.0% Series due July 2044	170,000			170,000
4.95% Series due January 2045	450,000			450,000
4.20% Series due September 2048	600,000			600,000
4.20% Series due April 2050	525,000			—
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			270,000
Total mortgage bonds	6,890,000			6,365,000
Governmental Bonds (a):
3.375 % Series due 2028, Louisiana Public Facilities Authority (c)	83,680			83,680
3.50% Series due 2030, Louisiana Public Facilities Authority (c)	115,000			115,000
Total governmental bonds	198,680			198,680
Variable Interest Entity Notes Payable and Credit Facilities (Note 4):
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			20,000
Credit Facility due September 2021, weighted avg rate 3.23%	70,300			38,600
Credit Facility due September 2021, weighted avg rate 3.30%	49,900			82,000
Total variable interest entity notes payable and credit facilities	250,200			250,600
Securitization Bonds:
2.04% Series Senior Secured due September 2023	34,185			56,910
Total securitization bonds	34,185			56,910
Other:
Unamortized Premium and Discount - Net	(17,372		)	(14,955		)
Unamortized Debt Issuance Costs	(58,089		)	(57,011		)
Other	6,065			6,544
Total Long-Term Debt	7,303,669			6,805,768
Less Amount Due Within One Year	320,002			2
Long-Term Debt Excluding Amount Due Within One Year		$6,983,667			$6,805,766
Fair Value of Long-Term Debt		$7,961,168			$6,834,134

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2020		$—		$320,000		$—		$25,000		$—		$—
2021		$507,359		$360,200		$—		$20,000		$200,000		$131,600
2022		$—		$200,000		$—		$70,000		$50,289		$134,000
2023		$290,000		$379,185		$250,000		$100,000		$155,969		$250,000
2024		$375,000		$700,000		$100,000		$—		$—		$—

Entergy Mississippi [Member]

Schedule Of Long-Term Debt



	2019			2018
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
6.64% Series due July 2019		$—			$150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			100,000
3.25% Series due December 2027	150,000			150,000
2.85% Series due June 2028	375,000			375,000
4.52% Series due December 2038	55,000			55,000
3.85% Series due June 2049	435,000			—
4.90% Series due October 2066	260,000			260,000
Total mortgage bonds	1,625,000			1,340,000
Other:
Unamortized Premium and Discount – Net	6,127			(989		)
Unamortized Debt Issuance Costs	(16,998		)	(13,261		)
Total Long-Term Debt	1,614,129			1,325,750
Less Amount Due Within One Year	—			150,000
Long-Term Debt Excluding Amount Due Within One Year		$1,614,129			$1,175,750
Fair Value of Long-Term Debt		$1,709,505			$1,276,452

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2020		$—		$320,000		$—		$25,000		$—		$—
2021		$507,359		$360,200		$—		$20,000		$200,000		$131,600
2022		$—		$200,000		$—		$70,000		$50,289		$134,000
2023		$290,000		$379,185		$250,000		$100,000		$155,969		$250,000
2024		$375,000		$700,000		$100,000		$—		$—		$—

Entergy New Orleans [Member]

Schedule Of Long-Term Debt



	2019			2018
	(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
4.0% Series due June 2026	85,000			85,000
4.51% Series due September 2033	60,000			60,000
5.0% Series due December 2052	30,000			30,000
5.50% Series due April 2066	110,000			110,000
Total mortgage bonds	410,000			410,000
Securitization Bonds:
2.67% Series Senior Secured due June 2027	54,443			65,666
Total securitization bonds	54,443			65,666
Other:
3.0% Unsecured Term Loan due May 2022	70,000			—
Credit Facility due November 2021, weighted avg rate 2.92%	20,000			—
Payable to associated company due November 2035	14,367			16,346
Unamortized Premium and Discount – Net	(129		)	(168		)
Unamortized Debt Issuance Costs	(7,775		)	(8,140		)
Total Long-Term Debt	560,906			483,704
Less Amount Due Within One Year	26,838			1,979
Long-Term Debt Excluding Amount Due Within One Year		$534,068			$481,725
Fair Value of Long-Term Debt		$523,846			$491,569

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2020		$—		$320,000		$—		$25,000		$—		$—
2021		$507,359		$360,200		$—		$20,000		$200,000		$131,600
2022		$—		$200,000		$—		$70,000		$50,289		$134,000
2023		$290,000		$379,185		$250,000		$100,000		$155,969		$250,000
2024		$375,000		$700,000		$100,000		$—		$—		$—

Entergy Texas [Member]

Schedule Of Long-Term Debt



	2019			2018
	(In Thousands)
Entergy Texas
Mortgage Bonds:
7.125% Series due February 2019		$—			$500,000
2.55% Series due June 2021	125,000			125,000
4.1% Series due September 2021	75,000			75,000
3.45% Series due December 2027	150,000			150,000
4.0% Series due March 2029	300,000			—
4.5% Series due March 2039	400,000			—
5.15% Series due June 2045	250,000			250,000
3.55% Series due September 2049	300,000			—
5.625% Series due June 2064	135,000			135,000
Total mortgage bonds	1,735,000			1,235,000
Securitization Bonds:
5.93% Series Senior Secured, Series A due June 2022	50,289			81,237
4.38% Series Senior Secured, Series A due November 2023	155,969			203,613
Total securitization bonds	206,258			284,850
Other:
Unamortized Premium and Discount - Net	(4,814		)	(992		)
Unamortized Debt Issuance Costs	(17,510		)	(9,145		)
Other	4,022			4,022
Total Long-Term Debt	1,922,956			1,513,735
Less Amount Due Within One Year	—			500,000
Long-Term Debt Excluding Amount Due Within One Year		$1,922,956			$1,013,735
Fair Value of Long-Term Debt		$2,090,215			$1,528,828

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2020		$—		$320,000		$—		$25,000		$—		$—
2021		$507,359		$360,200		$—		$20,000		$200,000		$131,600
2022		$—		$200,000		$—		$70,000		$50,289		$134,000
2023		$290,000		$379,185		$250,000		$100,000		$155,969		$250,000
2024		$375,000		$700,000		$100,000		$—		$—		$—

System Energy [Member]

Future Minimum Lease Payments Sale Leaseback Transactions

As of December 31, 2019, System Energy, in connection with the Grand Gulf sale and leaseback transactions, had future minimum lease payments that are recorded as long-term debt, as follows, which reflects the effect of the December 2013 renewal:



	Amount
	(In Thousands)

2020		$17,188
2021	17,188
2022	17,188
2023	17,188
2024	17,188
Years thereafter	206,250
Total	292,190
Less: Amount representing interest	257,844
Present value of net minimum lease payments		$34,346

As of December 31, 2018, System Energy, in connection with the Grand Gulf sale and leaseback transactions, had future minimum lease payments that are recorded as long-term debt, as follows, which reflects the effect of the December 2013 renewal:



	Amount
	(In Thousands)

2019		$17,188
2020	17,188
2021	17,188
2022	17,188
2023	17,188
Years thereafter	223,437
Total	309,377
Less: Amount representing interest	275,025
Present value of net minimum lease payments		$34,352

Schedule Of Long-Term Debt



	2019			2018
	(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
2.5% Series due 2022, Mississippi Business Finance Corp.	134,000			—
Total governmental bonds	134,000			134,000
Variable Interest Entity Notes Payable and Credit Facility (Note 4):
3.42% Series J due April 2021	100,000			100,000
Credit Facility due September 2021, weighted avg rate 3.34%	31,600			113,900
Total variable interest entity notes payable and credit facility	131,600			213,900
Other:
Grand Gulf Sale-Leaseback Obligation	34,346			34,352
Unamortized Premium and Discount – Net	(144		)	(328		)
Unamortized Debt Issuance Costs	(1,697		)	(1,176		)
Other	2			2
Total Long-Term Debt	548,107			630,750
Less Amount Due Within One Year	10			6
Long-Term Debt Excluding Amount Due Within One Year		$548,097			$630,744
Fair Value of Long-Term Debt		$565,209			$630,475

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2019, for the next five years are as follows:



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2020		$—		$320,000		$—		$25,000		$—		$—
2021		$507,359		$360,200		$—		$20,000		$200,000		$131,600
2022		$—		$200,000		$—		$70,000		$50,289		$134,000
2023		$290,000		$379,185		$250,000		$100,000		$155,969		$250,000
2024		$375,000		$700,000		$100,000		$—		$—		$—