Long - Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2020 and 2019 consisted of:


Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2020	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2020	2019	2020	2019
				(In Thousands)
Mortgage Bonds
2020-2024	3.23%	0.62% - 5.59%	2.55% - 5.59%	$4,400,000	$3,575,000
2025-2029	3.35%	2.14% - 4.44%	2.4% - 4.44%	4,113,000	3,735,000
2030-2040	3.38%	1.6% - 4.52%	3.05% - 4.52%	2,552,000	1,590,000
2044-2066	4.12%	2.65% - 5.5%	3.55% - 5.625%	6,380,000	5,170,000
Governmental Bonds (a)
2021-2022	2.50%	2.375% - 2.5%	2.375% - 2.5%	179,000	179,000
2028-2030	3.45%	3.375% - 3.5%	3.375% - 3.5%	198,680	198,680
Securitization Bonds
2022-2027	3.59%	2.04% - 5.93%	2.04% - 5.93%	177,522	302,145
Variable Interest Entities Notes Payable (Note 4)
2021-2027	2.45%	2.05% - 3.92%	3.17% - 3.92%	450,000	360,000
Entergy Corporation Notes
due September 2020	n/a	—%	5.125%	—	450,000
due July 2022	n/a	4.00%	4.00%	650,000	650,000
due September 2025	n/a	0.9%	—	800,000	—
due September 2026	n/a	2.95%	2.95%	750,000	750,000
due June 2030	n/a	2.80%	—	600,000	—
due June 2050	n/a	3.75%	—	600,000	—
Entergy New Orleans Unsecured Term Loan due May 2022	n/a	3.00%	3.00%	70,000	70,000
5 Year Credit Facility (Note 4)	n/a	2.35%	3.77%	165,000	440,000
Entergy New Orleans Credit Facility (Note 4)	n/a	—	2.92%	—	20,000
Vermont Yankee Credit Facility (Note 4)	n/a	2.46%	3.93%	139,000	139,000
Entergy Arkansas VIE Credit Facility (Note 4)	n/a	1.94%	3.33%	12,200	15,100
Entergy Louisiana River Bend VIE Credit Facility (Note 4)	n/a	1.95%	3.23%	18,900	70,300
Entergy Louisiana Waterford VIE Credit Facility (Note 4)	n/a	1.72%	3.30%	39,300	49,900
System Energy VIE Credit Facility (Note 4)	n/a	1.63%	3.34%	—	31,600
Long-term DOE Obligation (b)	—	—	—	192,018	191,114
Grand Gulf Sale-Leaseback Obligation	n/a	—	—	34,336	34,346
Unamortized Premium and Discount - Net				3,665	(16,124)
Unamortized Debt Issuance Costs				(160,420)	(143,502)
Other				5,575	12,096
Total Long-Term Debt				22,369,776	17,873,655
Less Amount Due Within One Year				1,164,015	795,012
Long-Term Debt Excluding Amount Due Within One Year				$21,205,761	$17,078,643
Fair Value of Long-Term Debt				$24,813,818	$19,059,950

(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, 2020, for the next five years are as follows:


			Amount
			(In Thousands)
2021			$1,164,000
2022			$1,141,878
2023			$2,452,194
2024			$1,340,000
2025			$1,378,000

Entergy Arkansas [Member]

Schedule Of Long-Term Debt


	2020	2019
	(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	350,000	250,000
4.95% Series due December 2044	250,000	250,000
4.20% Series due April 2049	350,000	350,000
2.65% Series due June 2051	675,000	—
4.90% Series due December 2052	—	200,000
4.75% Series due June 2063	—	125,000
4.875% Series due September 2066	410,000	410,000
Total mortgage bonds	3,610,000	3,160,000
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 2022, weighted avg rate 1.94%	12,200	15,100
Total variable interest entity notes payable and credit facility	142,200	145,100
Securitization Bonds:
2.30% Series Senior Secured due August 2021	—	7,259
Total securitization bonds	—	7,259
Other:
Long-term DOE Obligation (b)	192,018	191,114
Unamortized Premium and Discount – Net	6,938	1,664
Unamortized Debt Issuance Costs	(30,638)	(34,936)
Other	1,989	2,007
Total Long-Term Debt	3,967,507	3,517,208
Less Amount Due Within One Year	485,000	—
Long-Term Debt Excluding Amount Due Within One Year	$3,482,507	$3,517,208
Fair Value of Long-Term Debt	$4,355,632	$3,747,914

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, 2020, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2021	$485,000	$240,000	$—	$1,618	$200,000	$100,000
2022	$12,200	$258,200	$—	$71,326	$17,478	$134,000
2023	$290,000	$1,455,980	$250,000	$101,306	$106,214	$250,000
2024	$375,000	$700,000	$100,000	$1,275	$—	$—
2025	$—	$300,000	$—	$79,140	$—	$200,000

Entergy Louisiana [Member]

Schedule Of Long-Term Debt


	2020	2019
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
3.95% Series due October 2020	$—	$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
0.62% Series due November 2023	1,100,000	—
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
1.60% Series due December 2030	300,000	—
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	900,000	600,000
4.20% Series due April 2050	525,000	525,000
2.90% Series due March 2051	650,000	—
5.25% Series due July 2052	—	200,000
4.70% Series due June 2063	—	100,000
4.875% Series due September 2066	270,000	270,000
Total mortgage bonds	8,690,000	6,890,000
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
3.92% Series H due February 2021	40,000	40,000
3.22% Series I due December 2023	20,000	20,000
2.51% Series V due June 2027	70,000	—
Credit Facility due September 2022, weighted avg rate 1.95%	18,900	70,300
Credit Facility due September 2022, weighted avg rate 1.72%	39,300	49,900
Total variable interest entity notes payable and credit facilities	188,200	250,200
Securitization Bonds:
2.04% Series Senior Secured due September 2023	10,980	34,185
Total securitization bonds	10,980	34,185
Other:
Unamortized Premium and Discount - Net	(2,863)	(17,372)
Unamortized Debt Issuance Costs	(61,132)	(58,089)
Other	3,586	6,065
Total Long-Term Debt	9,027,451	7,303,669
Less Amount Due Within One Year	240,000	320,002
Long-Term Debt Excluding Amount Due Within One Year	$8,787,451	$6,983,667
Fair Value of Long-Term Debt	$10,258,294	$7,961,168

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, 2020, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2021	$485,000	$240,000	$—	$1,618	$200,000	$100,000
2022	$12,200	$258,200	$—	$71,326	$17,478	$134,000
2023	$290,000	$1,455,980	$250,000	$101,306	$106,214	$250,000
2024	$375,000	$700,000	$100,000	$1,275	$—	$—
2025	$—	$300,000	$—	$79,140	$—	$200,000

Entergy Mississippi [Member]

Schedule Of Long-Term Debt


	2020	2019
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
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	435,000
3.50% Series due June 2051	170,000	—
4.90% Series due October 2066	260,000	260,000
Total mortgage bonds	1,795,000	1,625,000
Other:
Unamortized Premium and Discount – Net	3,685	6,127
Unamortized Debt Issuance Costs	(18,108)	(16,998)

Total Long-Term Debt	1,780,577	1,614,129
Less Amount Due Within One Year	—	—
Long-Term Debt Excluding Amount Due Within One Year	$1,780,577	$1,614,129
Fair Value of Long-Term Debt	$2,021,432	$1,709,505

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, 2020, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2021	$485,000	$240,000	$—	$1,618	$200,000	$100,000
2022	$12,200	$258,200	$—	$71,326	$17,478	$134,000
2023	$290,000	$1,455,980	$250,000	$101,306	$106,214	$250,000
2024	$375,000	$700,000	$100,000	$1,275	$—	$—
2025	$—	$300,000	$—	$79,140	$—	$200,000

Entergy New Orleans [Member]

Schedule Of Long-Term Debt


	2020	2019
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020	$—	$25,000
3.9% Series due July 2023	100,000	100,000
3.0% Series due March 2025	78,000	—
4.0% Series due June 2026	85,000	85,000
4.51% Series due September 2033	60,000	60,000
3.75% Series due March 2040	62,000	—
5.0% Series due December 2052	30,000	30,000
5.50% Series due April 2066	110,000	110,000
Total mortgage bonds	525,000	410,000
Securitization Bonds:
2.67% Series Senior Secured due June 2027	42,850	54,443
Total securitization bonds	42,850	54,443
Other:
3.0% Unsecured Term Loan due May 2022	70,000	70,000
Credit Facility due November 2021, weighted avg rate 2.92%	—	20,000
Payable to associated company due November 2035	12,529	14,367
Unamortized Premium and Discount – Net	(91)	(129)
Unamortized Debt Issuance Costs	(8,055)	(7,775)
Total Long-Term Debt	642,233	560,906
Less Amount Due Within One Year	1,618	26,838
Long-Term Debt Excluding Amount Due Within One Year	$640,615	$534,068
Fair Value of Long-Term Debt	$620,634	$523,846

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, 2020, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2021	$485,000	$240,000	$—	$1,618	$200,000	$100,000
2022	$12,200	$258,200	$—	$71,326	$17,478	$134,000
2023	$290,000	$1,455,980	$250,000	$101,306	$106,214	$250,000
2024	$375,000	$700,000	$100,000	$1,275	$—	$—
2025	$—	$300,000	$—	$79,140	$—	$200,000

Entergy Texas [Member]

Schedule Of Long-Term Debt


	2020	2019
	(In Thousands)
Entergy Texas
Mortgage Bonds:
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	300,000
1.75% Series due March 2031	600,000	—
4.5% Series due March 2039	400,000	400,000
5.15% Series due June 2045	250,000	250,000
3.55% Series due September 2049	475,000	300,000
5.625% Series due June 2064	—	135,000
Total mortgage bonds	2,375,000	1,735,000
Securitization Bonds:


5.93% Series Senior Secured, Series A due June 2022	17,478	50,289
4.38% Series Senior Secured, Series A due November 2023	106,214	155,969
Total securitization bonds	123,692	206,258
Other:
Unamortized Premium and Discount - Net	14,064	(4,814)
Unamortized Debt Issuance Costs	(19,048)	(17,510)
Other	—	4,022
Total Long-Term Debt	2,493,708	1,922,956
Less Amount Due Within One Year	200,000	—
Long-Term Debt Excluding Amount Due Within One Year	$2,293,708	$1,922,956
Fair Value of Long-Term Debt	$2,765,193	$2,090,215

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, 2020, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2021	$485,000	$240,000	$—	$1,618	$200,000	$100,000
2022	$12,200	$258,200	$—	$71,326	$17,478	$134,000
2023	$290,000	$1,455,980	$250,000	$101,306	$106,214	$250,000
2024	$375,000	$700,000	$100,000	$1,275	$—	$—
2025	$—	$300,000	$—	$79,140	$—	$200,000

System Energy [Member]

Future Minimum Lease Payments Sale Leaseback Transactions

As of December 31, 2020, 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)

2021			$17,188
2022			17,188
2023			17,188
2024			17,188
2025			17,188
Years thereafter			189,063
Total			275,003
Less: Amount representing interest			240,667
Present value of net minimum lease payments			$34,336

Schedule Of Long-Term Debt


	2020	2019
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023	$250,000	$250,000
2.14% Series due December 2025	200,000	—
Total mortgage bonds	450,000	250,000
Governmental Bonds (a):
2.5% Series due 2022, Mississippi Business Finance Corp.	134,000	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
2.05% Series K due September 2027	90,000	—
Credit Facility due September 2022, weighted avg rate 1.63%	—	31,600
Total variable interest entity notes payable and credit facility	190,000	131,600
Other:
Grand Gulf Sale-Leaseback Obligation	34,336	34,346
Unamortized Premium and Discount – Net	(165)	(144)
Unamortized Debt Issuance Costs	(2,897)	(1,697)
Other	—	2
Total Long-Term Debt	805,274	548,107
Less Amount Due Within One Year	100,015	10
Long-Term Debt Excluding Amount Due Within One Year	$705,259	$548,097
Fair Value of Long-Term Debt	$840,540	$565,209

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, 2020, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2021	$485,000	$240,000	$—	$1,618	$200,000	$100,000
2022	$12,200	$258,200	$—	$71,326	$17,478	$134,000
2023	$290,000	$1,455,980	$250,000	$101,306	$106,214	$250,000
2024	$375,000	$700,000	$100,000	$1,275	$—	$—
2025	$—	$300,000	$—	$79,140	$—	$200,000