Revolving Credit Facilities, Lines Of Credit, Short-Term Borrowings, And Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Following is a summary of the borrowings outstanding and capacity available under the facility as of March 31, 2020.

Capacity	Borrowings	Letters of Credit	Capacity Available
(In Millions)
$3,500	$922	$6	$2,572

Credit Facilities

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2020 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2020	Letters of Credit Outstanding as of March 31, 2020
Entergy Arkansas	April 2021	$20 million (b)	2.11%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	2.11%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	2.11%	$—	$—
Entergy Mississippi	April 2021	$37.5 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$35 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$10 million (d)	2.49%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	2.26%	$—	$0.8 million
Entergy Texas	September 2024	$150 million (c)	2.49%	$—	$1.3 million

(a) The interest rate is the estimated interest rate as of March 31, 2020 that would have been applied to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c) The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2020:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	Letters of Credit Issued as of March 31, 2020 (a)
Entergy Arkansas	$25 million	0.70%	$1 million
Entergy Louisiana	$125 million	0.70%	$25.6 million
Entergy Mississippi	$64 million	0.70%	$1.8 million
Entergy New Orleans	$15 million	1.00%	$1 million
Entergy Texas	$50 million	0.70%	$10.4 million

(a) As of March 31, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi. See Note 8 to the financial statements herein for discussion of financial transmission rights.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2020:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2020
		(Dollars in Millions)
Entergy Arkansas VIE	September 2021	$80	2.59%	$43.8
Entergy Louisiana River Bend VIE	September 2021	$105	2.69%	$58.4
Entergy Louisiana Waterford VIE	September 2021	$105	2.69%	$33.3
System Energy VIE	September 2021	$120	2.59%	$88.3

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2020 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana Waterford VIE	3.92% Series H due February 2021	$40 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	3.42% Series J due April 2021	$100 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Arkansas [Member]

Credit Facilities

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2020 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2020	Letters of Credit Outstanding as of March 31, 2020
Entergy Arkansas	April 2021	$20 million (b)	2.11%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	2.11%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	2.11%	$—	$—
Entergy Mississippi	April 2021	$37.5 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$35 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$10 million (d)	2.49%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	2.26%	$—	$0.8 million
Entergy Texas	September 2024	$150 million (c)	2.49%	$—	$1.3 million

(a) The interest rate is the estimated interest rate as of March 31, 2020 that would have been applied to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c) The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2020:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	Letters of Credit Issued as of March 31, 2020 (a)
Entergy Arkansas	$25 million	0.70%	$1 million
Entergy Louisiana	$125 million	0.70%	$25.6 million
Entergy Mississippi	$64 million	0.70%	$1.8 million
Entergy New Orleans	$15 million	1.00%	$1 million
Entergy Texas	$50 million	0.70%	$10.4 million

(a) As of March 31, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi. See Note 8 to the financial statements herein for discussion of financial transmission rights.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2020:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2020
		(Dollars in Millions)
Entergy Arkansas VIE	September 2021	$80	2.59%	$43.8
Entergy Louisiana River Bend VIE	September 2021	$105	2.69%	$58.4
Entergy Louisiana Waterford VIE	September 2021	$105	2.69%	$33.3
System Energy VIE	September 2021	$120	2.59%	$88.3

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2020 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana Waterford VIE	3.92% Series H due February 2021	$40 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	3.42% Series J due April 2021	$100 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Louisiana [Member]

Credit Facilities

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2020 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2020	Letters of Credit Outstanding as of March 31, 2020
Entergy Arkansas	April 2021	$20 million (b)	2.11%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	2.11%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	2.11%	$—	$—
Entergy Mississippi	April 2021	$37.5 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$35 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$10 million (d)	2.49%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	2.26%	$—	$0.8 million
Entergy Texas	September 2024	$150 million (c)	2.49%	$—	$1.3 million

(a) The interest rate is the estimated interest rate as of March 31, 2020 that would have been applied to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c) The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2020:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	Letters of Credit Issued as of March 31, 2020 (a)
Entergy Arkansas	$25 million	0.70%	$1 million
Entergy Louisiana	$125 million	0.70%	$25.6 million
Entergy Mississippi	$64 million	0.70%	$1.8 million
Entergy New Orleans	$15 million	1.00%	$1 million
Entergy Texas	$50 million	0.70%	$10.4 million

(a) As of March 31, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi. See Note 8 to the financial statements herein for discussion of financial transmission rights.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2020:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2020
		(Dollars in Millions)
Entergy Arkansas VIE	September 2021	$80	2.59%	$43.8
Entergy Louisiana River Bend VIE	September 2021	$105	2.69%	$58.4
Entergy Louisiana Waterford VIE	September 2021	$105	2.69%	$33.3
System Energy VIE	September 2021	$120	2.59%	$88.3

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2020 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana Waterford VIE	3.92% Series H due February 2021	$40 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	3.42% Series J due April 2021	$100 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Mississippi [Member]

Credit Facilities

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2020 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2020	Letters of Credit Outstanding as of March 31, 2020
Entergy Arkansas	April 2021	$20 million (b)	2.11%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	2.11%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	2.11%	$—	$—
Entergy Mississippi	April 2021	$37.5 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$35 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$10 million (d)	2.49%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	2.26%	$—	$0.8 million
Entergy Texas	September 2024	$150 million (c)	2.49%	$—	$1.3 million

(a) The interest rate is the estimated interest rate as of March 31, 2020 that would have been applied to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c) The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2020:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	Letters of Credit Issued as of March 31, 2020 (a)
Entergy Arkansas	$25 million	0.70%	$1 million
Entergy Louisiana	$125 million	0.70%	$25.6 million
Entergy Mississippi	$64 million	0.70%	$1.8 million
Entergy New Orleans	$15 million	1.00%	$1 million
Entergy Texas	$50 million	0.70%	$10.4 million

(a) As of March 31, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi. See Note 8 to the financial statements herein for discussion of financial transmission rights.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy New Orleans [Member]

Credit Facilities

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2020 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2020	Letters of Credit Outstanding as of March 31, 2020
Entergy Arkansas	April 2021	$20 million (b)	2.11%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	2.11%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	2.11%	$—	$—
Entergy Mississippi	April 2021	$37.5 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$35 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$10 million (d)	2.49%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	2.26%	$—	$0.8 million
Entergy Texas	September 2024	$150 million (c)	2.49%	$—	$1.3 million

(a) The interest rate is the estimated interest rate as of March 31, 2020 that would have been applied to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c) The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2020:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	Letters of Credit Issued as of March 31, 2020 (a)
Entergy Arkansas	$25 million	0.70%	$1 million
Entergy Louisiana	$125 million	0.70%	$25.6 million
Entergy Mississippi	$64 million	0.70%	$1.8 million
Entergy New Orleans	$15 million	1.00%	$1 million
Entergy Texas	$50 million	0.70%	$10.4 million

(a) As of March 31, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi. See Note 8 to the financial statements herein for discussion of financial transmission rights.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Texas [Member]

Credit Facilities

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2020 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2020	Letters of Credit Outstanding as of March 31, 2020
Entergy Arkansas	April 2021	$20 million (b)	2.11%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	2.11%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	2.11%	$—	$—
Entergy Mississippi	April 2021	$37.5 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$35 million (d)	2.49%	$—	$—
Entergy Mississippi	April 2021	$10 million (d)	2.49%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	2.26%	$—	$0.8 million
Entergy Texas	September 2024	$150 million (c)	2.49%	$—	$1.3 million

(a) The interest rate is the estimated interest rate as of March 31, 2020 that would have been applied to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c) The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2020:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	Letters of Credit Issued as of March 31, 2020 (a)
Entergy Arkansas	$25 million	0.70%	$1 million
Entergy Louisiana	$125 million	0.70%	$25.6 million
Entergy Mississippi	$64 million	0.70%	$1.8 million
Entergy New Orleans	$15 million	1.00%	$1 million
Entergy Texas	$50 million	0.70%	$10.4 million

(a)

As of March 31, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi. See Note 8 to the financial statements herein for discussion of financial transmission rights.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

System Energy [Member]

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2020 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$19
Entergy New Orleans	$150	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2020:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2020
		(Dollars in Millions)
Entergy Arkansas VIE	September 2021	$80	2.59%	$43.8
Entergy Louisiana River Bend VIE	September 2021	$105	2.69%	$58.4
Entergy Louisiana Waterford VIE	September 2021	$105	2.69%	$33.3
System Energy VIE	September 2021	$120	2.59%	$88.3

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2020 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana Waterford VIE	3.92% Series H due February 2021	$40 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	3.42% Series J due April 2021	$100 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2020 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$19,458,543		$20,426,604
Entergy Arkansas		$3,655,723		$3,831,058
Entergy Louisiana		$7,923,381		$8,496,243
Entergy Mississippi		$1,614,156		$1,692,495
Entergy New Orleans		$680,188		$652,690
Entergy Texas		$2,091,130		$2,239,980
System Energy		$604,925		$615,747

(a) Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2019 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy		$17,873,655		$19,059,950
Entergy Arkansas		$3,517,208		$3,747,914
Entergy Louisiana		$7,303,669		$7,961,168
Entergy Mississippi		$1,614,129		$1,709,505
Entergy New Orleans		$560,906		$523,846
Entergy Texas		$1,922,956		$2,090,215
System Energy		$548,107		$565,209

(a)

Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.