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Risk Management And Fair Values (Tables)

9 Months Ended

Sep. 30, 2020

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of September 30, 2020 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

Gross Fair Value (a)

Offsetting Position (b)

Net Fair Value (c) (d)

Business

(In Millions)

Derivatives designated as hedging instruments

Assets:

Electricity swaps and options

Prepayments and other (current portion)

$29

($2)

$27

Entergy Wholesale Commodities

Liabilities:

Electricity swaps and options

Other current liabilities

(current portion)

($1)

$—

Entergy Wholesale Commodities

Derivatives not designated as hedging instruments

Assets:

Electricity swaps and options

Prepayments and other (current portion)

$—

Entergy Wholesale Commodities

Natural gas swaps and options

Prepayments and other (current portion)

$—

Utility

Natural gas swaps and options

Other deferred debits and other assets (non-current portion)

$—

Utility

Financial transmission rights

Prepayments and other

$17

$—

$17

Utility and Entergy Wholesale Commodities

Liabilities:

Natural gas swaps and options

Other non-current liabilities (non-current portion)

$—

Utility

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2019 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	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Business
		(In Millions)
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$92	($1)	$91	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$17	$—	$17	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$1	($1)	$—	Entergy Wholesale Commodities

Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$11	($1)	$10	Entergy Wholesale Commodities

Natural gas swaps and options	Other deferred debits and other assets (non-current portion)	$1	$—	$1	Utility
Financial transmission rights	Prepayments and other	$10	$—	$10	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$2	($2)	$—	Entergy Wholesale Commodities

Natural gas swaps and options	Other current liabilities (current portion)	$5	$—	$5	Utility
Natural gas swaps and options	Other non-current liabilities (non-current portion)	$2	$—	$2	Utility

(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 as of September 30, 2020 and $11 million posted and $1 million held as of December 31, 2019. Also excludes letters of credit in the amount of $5 million posted and $22 million held as of September 30, 2020 and $98 million held as of December 31, 201

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

Instrument

Amount of gain (loss)
recognized in other
comprehensive
income

Income Statement location

Amount of gain
(loss)
reclassified from
accumulated
other
comprehensive
income into
income (a)

(In Millions)

2020

Electricity swaps and options

($6)

Competitive businesses operating revenues

$15

2019

Electricity swaps and options

($7)

Competitive businesses operating revenues

$19

(a)Before taxes of $3 million and $4 million for the three months ended September 30, 2020 and 2019, 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, 2020 and 2019 were as follows:

Instrument

Amount of gain (loss)
recognized in other
comprehensive income

Income Statement location

Amount of gain
(loss)
reclassified from
accumulated
other
comprehensive
income into
income (a)

(In Millions)

2020

Electricity swaps and options

$54

Competitive businesses operating revenues

$134

2019

Electricity swaps and options

$145

Competitive businesses operating revenues

$76

(a)Before taxes of $28 million and $16 million for the nine months ended September 30, 2020 and 2019, 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, 2020 and 2019 were as follows:

Instrument

Income Statement
location

Amount of gain (loss)
recorded in the income statement

(In Millions)

2020

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

(a)

($1)

Financial transmission rights

Purchased power expense

(b)

$33

Electricity swaps and options (c)

Competitive business operating revenues

2019

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

(a)

($2)

Financial transmission rights

Purchased power expense

(b)

$25

Electricity swaps and options (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, 2020 and 2019 were as follows:

Instrument

Income Statement
location

Amount of gain (loss)
recorded in the income statement

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

(a)

($3)

Financial transmission rights

Purchased power expense

(b)

$61

Electricity swaps and options (c)

Competitive business operating revenues

$—

2019

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

(a)

($9)

Financial transmission rights

Purchased power expense

(b)

$78

Electricity swaps and options (c)

Competitive business operating revenues

(a)Due to regulatory treatment, the natural gas swaps and options 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 and options 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)There were no gains (losses) recognized in accumulated other comprehensive income from electricity swaps and options.

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 were accounted for at fair value on a recurring basis as of September 30, 2020 and December 31, 2019. 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.


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$1,196	$—	$—	$1,196

Decommissioning trust funds (a):
Equity securities	959	—	—	959
Debt securities (b)	1,091	2,036	—	3,127
Common trusts (c)				2,702
Power contracts	—	—	28	28
Securitization recovery trust account	47	—	—	47
Escrow accounts	420	—	—	420
Gas hedge contracts	3	1	—	4
Financial transmission rights	—	—	17	17
	$3,716	$2,037	$45	$8,500

Liabilities:

Gas hedge contracts	$—	$1	$—	$1


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$391	$—	$—	$391
Decommissioning trust funds (a):
Equity securities	905	—	—	905
Debt securities	1,139	1,824	—	2,963
Common trusts (c)				2,536
Power contracts	—	—	118	118
Securitization recovery trust account	47	—	—	47
Escrow accounts	459	—	—	459
Gas hedge contracts	—	1	—	1
Financial transmission rights	—	—	10	10
	$2,941	$1,825	$128	$7,430
Liabilities:

Gas hedge contracts	$5	$2	$—	$7

(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 herein for additional information on the investment portfolios.

(b)The decommissioning trust funds fair value presented herein does not include the recognition of a credit loss valuation allowance of $0.6 million on debt securities due to the adoption of ASU 2016-13. See Note 9 to the financial statements herein for additional information on the allowance for expected credit losses.

(c)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, 2020 and 2019:


	2020		2019
	Power Contracts	Financial transmission rights	Power Contracts	Financial transmission rights
	(In Millions)
Balance as of July 1,	$49	$22	$72	$29
Total gains (losses) for the period (a)
Included in earnings	2	1	1	—
Included in other comprehensive income	(6)	—	(7)	—
Included as a regulatory liability/asset	—	27	—	12


Settlements	(17)	(33)	(18)	(25)
Balance as of September 30,	$28	$17	$48	$16

(a)Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period was ($3.7) million for the three months ended September 30, 2020 and ($1.2) million for the three months ended September 30, 2019.


	2020		2019
	Power Contracts	Financial transmission rights	Power Contracts	Financial transmission rights
	(In Millions)
Balance as of January 1,	$118	$10	($31)	$15
Total gains (losses) for the period (a)
Included in earnings	—	1	4	—
Included in other comprehensive income	54	—	145	—
Included as a regulatory liability/asset	—	44	—	44
Issuances of financial transmission rights	—	23	—	35

Settlements	(144)	(61)	(70)	(78)
Balance as of September 30,	$28	$17	$48	$16

(a)Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period was ($0.2) million for the nine months ended September 30, 2020 and ($4.7) million for the nine months ended September 30, 2019.

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, 2020:

Transaction Type

Fair Value

Significant
Unobservable Inputs

Range
from
Average
%

Effect on
Fair Value

(In Millions)

Power contracts - electricity swaps

$28

Unit contingent discount

+/-

4.75%

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, 2020 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	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets (non-current portion)	$0.9	$—	$0.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$1.1	$—	$1.1	Entergy Mississippi

Financial transmission rights	Prepayments and other	$6.4	($0.1)	$6.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$7.1	($0.1)	$7.0	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	($0.2)	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Texas

Liabilities:

Natural gas swaps and options	Other non-current liabilities	$1.3	$—	$1.3	Entergy Louisiana

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2019 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:

Natural gas swaps and options	Other deferred debits and other assets	$0.8	$—	$0.8	Entergy Louisiana


Financial transmission rights	Prepayments and other	$3.4	($0.1)	$3.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$4.5	$—	$4.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.0	($0.1)	$0.9	Entergy Texas

Liabilities:


Natural gas swaps and options	Other current liabilities	$2.4	$—	$2.4	Entergy Louisiana
Natural gas swaps and options	Other non-current liabilities	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.3	$—	$2.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

(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 Registrant Subsidiaries’ balance sheets

(d)As of September 30, 2020, letters of credit posted with MISO covered financial transmission rights exposure of $1.9 million for Entergy Arkansas, $2.2 million for Entergy Louisiana, $0.7 million for Entergy Mississippi, and $0.2 million for Entergy New Orleans. As of December 31, 2019, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 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, 2020 and 2019 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($1.5)

(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

$5.2

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$3.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.1

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$22.8

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($1.7)

(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

($0.1)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$14.4

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

($0.3)

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$5.5

(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, 2020 and 2019 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($4.0)

(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

$14.7

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$13.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$30.5

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($3.6)

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($5.5)

(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

$15.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$40.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$5.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$13.6

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Arkansas


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$597.8	$—	$—	$597.8
Decommissioning trust funds (a):
Equity securities	15.1	—	—	15.1
Debt securities	105.6	327.6	—	433.2
Common trusts (b)				720.5


Financial transmission rights	—	—	6.3	6.3
	$718.5	$327.6	$6.3	$1,772.9


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities	$0.6	$—	$—	$0.6
Debt securities	108.7	304.1	—	412.8
Common trusts (b)				687.9
Securitization recovery trust account	4.0	—	—	4.0

Financial transmission rights	—	—	3.3	3.3
	$113.3	$304.1	$3.3	$1,108.6

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,	$6.1	$12.5	$1.1	($0.2)	$2.6

Gains (losses) included as a regulatory liability/asset	5.4	(2.4)	1.0	0.4	22.5
Settlements	(5.2)	(3.1)	(1.3)	(0.1)	(22.8)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of July 1,	$8.2	$15.6	$2.8	$2.0	$0.6

Gains (losses) included as a regulatory liability/asset	(0.8)	7.9	0.6	(1.6)	6.2
Settlements	(3.5)	(14.4)	(1.9)	0.3	(5.5)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.3	$4.5	$0.8	$0.3	$0.9
Issuances of financial transmission rights	6.5	13.2	1.4	(0.1)	2.4
Gains (losses) included as a regulatory liability/asset	11.2	3.2	(0.7)	0.7	29.5
Settlements	(14.7)	(13.9)	(0.7)	(0.8)	(30.5)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.4	$8.3	$2.2	$1.3	($0.5)
Issuances of financial transmission rights	9.6	18.7	3.9	2.7	0.1
Gains (losses) included as a regulatory liability/asset	6.3	23.0	0.6	(1.1)	15.3
Settlements	(15.4)	(40.9)	(5.2)	(2.2)	(13.6)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3

Entergy Louisiana [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets (non-current portion)	$0.9	$—	$0.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$1.1	$—	$1.1	Entergy Mississippi

Financial transmission rights	Prepayments and other	$6.4	($0.1)	$6.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$7.1	($0.1)	$7.0	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	($0.2)	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Texas

Liabilities:

Natural gas swaps and options	Other non-current liabilities	$1.3	$—	$1.3	Entergy Louisiana

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2019 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:

Natural gas swaps and options	Other deferred debits and other assets	$0.8	$—	$0.8	Entergy Louisiana


Financial transmission rights	Prepayments and other	$3.4	($0.1)	$3.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$4.5	$—	$4.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.0	($0.1)	$0.9	Entergy Texas

Liabilities:


Natural gas swaps and options	Other current liabilities	$2.4	$—	$2.4	Entergy Louisiana
Natural gas swaps and options	Other non-current liabilities	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.3	$—	$2.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

(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 Registrant Subsidiaries’ balance sheets

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)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($1.5)

(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

$5.2

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$3.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.1

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$22.8

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($1.7)

(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

($0.1)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$14.4

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

($0.3)

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$5.5

(b)

Entergy Texas

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($4.0)

(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

$14.7

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$13.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$30.5

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($3.6)

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($5.5)

(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

$15.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$40.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$5.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$13.6

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Louisiana


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$251.8	$—	$—	$251.8

Decommissioning trust funds (a):
Equity securities	9.4	—	—	9.4
Debt securities	162.8	463.6	—	626.4
Common trusts (b)				1,014.6
Escrow accounts	256.7	—	—	256.7
Securitization recovery trust account	9.6	—	—	9.6
Gas hedge contracts	2.2	0.9	—	3.1
Financial transmission rights	—	—	7.0	7.0
	$692.5	$464.5	$7.0	$2,178.6

Liabilities:
Gas hedge contracts	$—	$1.3	$—	$1.3


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$1.5	$—	$—	$1.5
Decommissioning trust funds (a):
Equity securities	4.3	—	—	4.3
Debt securities	180.8	420.7	—	601.5
Common trusts (b)				958.0
Escrow accounts	295.9	—	—	295.9
Securitization recovery trust account	3.7	—	—	3.7
Gas hedge contracts	—	0.8	—	0.8
Financial transmission rights	—	—	4.5	4.5
	$486.2	$421.5	$4.5	$1,870.2

Liabilities:
Gas hedge contracts	$2.4	$2.2	$—	$4.6

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,	$6.1	$12.5	$1.1	($0.2)	$2.6

Gains (losses) included as a regulatory liability/asset	5.4	(2.4)	1.0	0.4	22.5
Settlements	(5.2)	(3.1)	(1.3)	(0.1)	(22.8)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of July 1,	$8.2	$15.6	$2.8	$2.0	$0.6

Gains (losses) included as a regulatory liability/asset	(0.8)	7.9	0.6	(1.6)	6.2
Settlements	(3.5)	(14.4)	(1.9)	0.3	(5.5)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.3	$4.5	$0.8	$0.3	$0.9
Issuances of financial transmission rights	6.5	13.2	1.4	(0.1)	2.4
Gains (losses) included as a regulatory liability/asset	11.2	3.2	(0.7)	0.7	29.5
Settlements	(14.7)	(13.9)	(0.7)	(0.8)	(30.5)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.4	$8.3	$2.2	$1.3	($0.5)
Issuances of financial transmission rights	9.6	18.7	3.9	2.7	0.1
Gains (losses) included as a regulatory liability/asset	6.3	23.0	0.6	(1.1)	15.3
Settlements	(15.4)	(40.9)	(5.2)	(2.2)	(13.6)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3

Entergy Mississippi [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets (non-current portion)	$0.9	$—	$0.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$1.1	$—	$1.1	Entergy Mississippi

Financial transmission rights	Prepayments and other	$6.4	($0.1)	$6.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$7.1	($0.1)	$7.0	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	($0.2)	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Texas

Liabilities:

Natural gas swaps and options	Other non-current liabilities	$1.3	$—	$1.3	Entergy Louisiana

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2019 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:

Natural gas swaps and options	Other deferred debits and other assets	$0.8	$—	$0.8	Entergy Louisiana


Financial transmission rights	Prepayments and other	$3.4	($0.1)	$3.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$4.5	$—	$4.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.0	($0.1)	$0.9	Entergy Texas

Liabilities:


Natural gas swaps and options	Other current liabilities	$2.4	$—	$2.4	Entergy Louisiana
Natural gas swaps and options	Other non-current liabilities	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.3	$—	$2.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

(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 Registrant Subsidiaries’ balance sheets

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)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($1.5)

(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

$5.2

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$3.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.1

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$22.8

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($1.7)

(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

($0.1)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$14.4

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

($0.3)

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$5.5

(b)

Entergy Texas

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($4.0)

(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

$14.7

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$13.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$30.5

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($3.6)

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($5.5)

(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

$15.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$40.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$5.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$13.6

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Mississippi


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$43.0	$—	$—	$43.0
Escrow accounts	80.3	—	—	80.3
Gas hedge contracts	1.1	—	—	1.1
Financial transmission rights	—	—	0.8	0.8
	$124.4	$—	$0.8	$125.2


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$51.6	$—	$—	$51.6
Escrow accounts	80.2	—	—	80.2

Financial transmission rights	—	—	0.8	0.8
	$131.8	$—	$0.8	$132.6

Liabilities:
Gas hedge contracts	$2.3	$—	$—	$2.3

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,	$6.1	$12.5	$1.1	($0.2)	$2.6

Gains (losses) included as a regulatory liability/asset	5.4	(2.4)	1.0	0.4	22.5
Settlements	(5.2)	(3.1)	(1.3)	(0.1)	(22.8)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of July 1,	$8.2	$15.6	$2.8	$2.0	$0.6

Gains (losses) included as a regulatory liability/asset	(0.8)	7.9	0.6	(1.6)	6.2
Settlements	(3.5)	(14.4)	(1.9)	0.3	(5.5)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.3	$4.5	$0.8	$0.3	$0.9
Issuances of financial transmission rights	6.5	13.2	1.4	(0.1)	2.4
Gains (losses) included as a regulatory liability/asset	11.2	3.2	(0.7)	0.7	29.5
Settlements	(14.7)	(13.9)	(0.7)	(0.8)	(30.5)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.4	$8.3	$2.2	$1.3	($0.5)
Issuances of financial transmission rights	9.6	18.7	3.9	2.7	0.1
Gains (losses) included as a regulatory liability/asset	6.3	23.0	0.6	(1.1)	15.3
Settlements	(15.4)	(40.9)	(5.2)	(2.2)	(13.6)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3

Entergy New Orleans [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets (non-current portion)	$0.9	$—	$0.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$1.1	$—	$1.1	Entergy Mississippi

Financial transmission rights	Prepayments and other	$6.4	($0.1)	$6.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$7.1	($0.1)	$7.0	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	($0.2)	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Texas

Liabilities:

Natural gas swaps and options	Other non-current liabilities	$1.3	$—	$1.3	Entergy Louisiana

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2019 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:

Natural gas swaps and options	Other deferred debits and other assets	$0.8	$—	$0.8	Entergy Louisiana


Financial transmission rights	Prepayments and other	$3.4	($0.1)	$3.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$4.5	$—	$4.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.0	($0.1)	$0.9	Entergy Texas

Liabilities:


Natural gas swaps and options	Other current liabilities	$2.4	$—	$2.4	Entergy Louisiana
Natural gas swaps and options	Other non-current liabilities	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.3	$—	$2.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

(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 Registrant Subsidiaries’ balance sheets

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)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($1.5)

(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

$5.2

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$3.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.1

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$22.8

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($1.7)

(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

($0.1)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$14.4

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

($0.3)

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$5.5

(b)

Entergy Texas

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($4.0)

(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

$14.7

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$13.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$30.5

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($3.6)

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($5.5)

(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

$15.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$40.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$5.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$13.6

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy New Orleans


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:

Securitization recovery trust account	$6.2	$—	$—	$6.2
Escrow accounts	83.0	—	—	83.0
Financial transmission rights	—	—	0.1	0.1
	$89.2	$—	$0.1	$89.3


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$6.0	$—	$—	$6.0
Securitization recovery trust account	2.0	—	—	2.0
Escrow accounts	82.6	—	—	82.6

Financial transmission rights	—	—	0.3	0.3
	$90.6	$—	$0.3	$90.9

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

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,	$6.1	$12.5	$1.1	($0.2)	$2.6

Gains (losses) included as a regulatory liability/asset	5.4	(2.4)	1.0	0.4	22.5
Settlements	(5.2)	(3.1)	(1.3)	(0.1)	(22.8)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of July 1,	$8.2	$15.6	$2.8	$2.0	$0.6

Gains (losses) included as a regulatory liability/asset	(0.8)	7.9	0.6	(1.6)	6.2
Settlements	(3.5)	(14.4)	(1.9)	0.3	(5.5)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.3	$4.5	$0.8	$0.3	$0.9
Issuances of financial transmission rights	6.5	13.2	1.4	(0.1)	2.4
Gains (losses) included as a regulatory liability/asset	11.2	3.2	(0.7)	0.7	29.5
Settlements	(14.7)	(13.9)	(0.7)	(0.8)	(30.5)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.4	$8.3	$2.2	$1.3	($0.5)
Issuances of financial transmission rights	9.6	18.7	3.9	2.7	0.1
Gains (losses) included as a regulatory liability/asset	6.3	23.0	0.6	(1.1)	15.3
Settlements	(15.4)	(40.9)	(5.2)	(2.2)	(13.6)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3

Entergy Texas [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets (non-current portion)	$0.9	$—	$0.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$1.1	$—	$1.1	Entergy Mississippi

Financial transmission rights	Prepayments and other	$6.4	($0.1)	$6.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$7.1	($0.1)	$7.0	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	($0.2)	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Texas

Liabilities:

Natural gas swaps and options	Other non-current liabilities	$1.3	$—	$1.3	Entergy Louisiana

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2019 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:

Natural gas swaps and options	Other deferred debits and other assets	$0.8	$—	$0.8	Entergy Louisiana


Financial transmission rights	Prepayments and other	$3.4	($0.1)	$3.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$4.5	$—	$4.5	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.0	($0.1)	$0.9	Entergy Texas

Liabilities:


Natural gas swaps and options	Other current liabilities	$2.4	$—	$2.4	Entergy Louisiana
Natural gas swaps and options	Other non-current liabilities	$2.2	$—	$2.2	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.3	$—	$2.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

(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 Registrant Subsidiaries’ balance sheets

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)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($1.5)

(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

$5.2

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$3.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.1

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$22.8

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($1.7)

(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

($0.1)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$14.4

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$1.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

($0.3)

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$5.5

(b)

Entergy Texas

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2020

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$1.4

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($4.0)

(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

$14.7

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$13.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$30.5

(b)

Entergy Texas

2019

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

($3.6)

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($5.5)

(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

$15.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$40.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$5.3

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$13.6

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Texas


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:

Securitization recovery trust account	$30.9	$—	$—	$30.9
Financial transmission rights	—	—	2.3	2.3
	$30.9	$—	$2.3	$33.2


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$12.9	$—	$—	$12.9
Securitization recovery trust account	37.7	—	—	37.7
Financial transmission rights	—	—	0.9	0.9
	$50.6	$—	$0.9	$51.5

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,	$6.1	$12.5	$1.1	($0.2)	$2.6

Gains (losses) included as a regulatory liability/asset	5.4	(2.4)	1.0	0.4	22.5
Settlements	(5.2)	(3.1)	(1.3)	(0.1)	(22.8)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of July 1,	$8.2	$15.6	$2.8	$2.0	$0.6

Gains (losses) included as a regulatory liability/asset	(0.8)	7.9	0.6	(1.6)	6.2
Settlements	(3.5)	(14.4)	(1.9)	0.3	(5.5)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.3	$4.5	$0.8	$0.3	$0.9
Issuances of financial transmission rights	6.5	13.2	1.4	(0.1)	2.4
Gains (losses) included as a regulatory liability/asset	11.2	3.2	(0.7)	0.7	29.5
Settlements	(14.7)	(13.9)	(0.7)	(0.8)	(30.5)
Balance as of September 30,	$6.3	$7.0	$0.8	$0.1	$2.3


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$3.4	$8.3	$2.2	$1.3	($0.5)
Issuances of financial transmission rights	9.6	18.7	3.9	2.7	0.1
Gains (losses) included as a regulatory liability/asset	6.3	23.0	0.6	(1.1)	15.3
Settlements	(15.4)	(40.9)	(5.2)	(2.2)	(13.6)
Balance as of September 30,	$3.9	$9.1	$1.5	$0.7	$1.3

System Energy [Member]

Assets and liabilities at fair value on a recurring basis

System Energy


2020	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$11.8	$—	$—	$11.8
Decommissioning trust funds (a):
Equity securities	8.5	—	—	8.5
Debt Securities	179.1	241.7	—	420.8
Common trusts (b)				685.2
	$199.4	$241.7	$—	$1,126.3


2019	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$68.4	$—	$—	$68.4
Decommissioning trust funds (a):
Equity securities	13.3	—	—	13.3
Debt securities	176.3	209.9	—	386.2
Common trusts (b)				654.6
	$258.0	$209.9	$—	$1,122.5