BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of June 30, 2021 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2021 and 2020 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2021
Operating revenues	$2,673,385	$148,656	$31	($2)	$2,822,070
Income taxes	$71,360	($71,696)	($18,080)	$—	($18,416)
Consolidated net income (loss)	$329,936	($274,648)	($24,784)	($31,898)	($1,394)

2020
Operating revenues	$2,213,061	$199,709	$18	$—	$2,412,788
Income taxes	$73,710	$24,467	($9,062)	$—	$89,115
Consolidated net income (loss)	$348,902	$85,178	($37,069)	($31,898)	$365,113

Entergy’s segment financial information for the six months ended June 30, 2021 and 2020 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Consolidated
	(In Thousands)
2021
Operating revenues	$5,270,000	$396,874	$54	($21)	$5,666,907
Income taxes	$131,094	($56,135)	($27,433)	$—	$47,526
Consolidated net income (loss)	$690,535	($236,525)	($52,464)	($63,796)	$337,750
Total assets as of June 30, 2021	$56,240,370	$1,209,209	$496,043	($1,996,339)	$55,949,283
2020
Operating revenues	$4,307,690	$532,258	$29	($10)	$4,839,967
Income taxes	$20,761	($6,073)	$3,233	$—	$17,921
Consolidated net income (loss)	$672,751	($25,251)	($95,298)	($63,796)	$488,406
Total assets as of December 31, 2020	$55,940,153	$3,800,378	$552,632	($2,053,951)	$58,239,212

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of its plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2021 and 2020 were comprised of the following:



	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of April 1,	$157	$14	$171	$150	$14	$164
Restructuring costs accrued	(6)	1	(5)	17	—	17

Cash paid out	118	15	133	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $342 million in the second quarter 2021 and $7 million in the second quarter 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2021 and 2020 were comprised of the following:


	2021			2020
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$145	$14	$159	$129	$14	$143
Restructuring costs accrued	7	1	8	38	—	38
Cash paid out	119	15	134	14	—	14
Balance as of June 30,	$33	$—	$33	$153	$14	$167

In addition, Entergy Wholesale Commodities incurred $345 million in the six months ended June 30, 2021 and $12 million in the six months ended June 30, 2020 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $10 million in 2021, of which $7 million has been incurred as of June 30, 2021, and a total of approximately $5 million in 2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.