Risk Management And Fair Values (Tables)

3 Months Ended

Mar. 31, 2012

Risk Management And Fair Values [Abstract]

FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock

Transaction Type	FV as of March 31, 2012	Significant Unobservable Inputs	Range from Average %	Effect on Fair Value
Electricity swaps	$435 million	Unit contingent discount	+/-3%	$20 million
Electricity options	$93 million	Implied volatility	+/-11%	$19 million

Fair Values Of Derivative Instruments

The fair values of Entergy's derivative instruments in the consolidated balance sheet as of March 31, 2012 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$332 million	($46) million	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$196 million	($-)	Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$65 million	($19) million	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$65 million	($65) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$45 million	($-)	Utility

The fair values of Entergy's derivative instruments in the consolidated balance sheet as of December 31, 2011 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$197 million	($25) million	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$112 million	($1) million	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other non-current liabilities (non-current portion)	$1 million	($1) million	Entergy Wholesale Commodities

Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$37 million	($8) million	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$33 million	($33) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$30 million	($-)	Utility

(a) The balances of derivative assets and liabilities in these tables are presented gross.  Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented on the Entergy Consolidated Balance Sheets on a net basis in accordance with accounting guidance for Derivatives and Hedging.

Schedules Of Concentration Of Risk, By Risk Factor

Type of Risk	Affected Businesses
Power price risk	Utility, Entergy Wholesale Commodities
Fuel price risk	Utility, Entergy Wholesale Commodities
Equity price and interest rate risk - investments	Utility, Entergy Wholesale Commodities

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

Instrument	Amount of gain (loss) recognized in AOCI (effective portion)	Income Statement location	Amount of gain  reclassified from accumulated OCI into income (effective portion)
2012
Electricity swaps and options	$291 million	Competitive businesses operating revenues	$71 million
2011
Electricity swaps and options	($74) million	Competitive businesses operating revenues	$29 million

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effect of Entergy's derivative instruments not designated as hedging instruments on the consolidated income statements for the three months ended March 31, 2012 and 2011 is as follows:

Instrument	Amount of gain recognized in AOCI	Income Statement location	Amount of gain (loss) recorded in income
2012
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($51) million
Electricity swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	($2) million
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($3) million
Electricity swaps and options de-designated as hedged items	$10 million	Competitive business operating revenues	$2 million

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 are accounted for at fair value on a recurring basis as of March 31, 2012 and December 31, 2011.  The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.  

2012	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$622	$-	$-	$622
Decommissioning trust funds (a):
Equity securities	428	1,942	-	2,370
Debt securities	670	999	-	1,669
Power contracts	-	-	528	528
Securitization recovery trust account	49	-	-	49
Storm reserve escrow account	336	-	-	336
	$2,105	$2,941	$528	$5,574
Liabilities:
Gas hedge contracts	$45	$-	$-	$45

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$613	$-	$-	$613
Decommissioning trust funds (a):
Equity securities	397	1,732	-	2,129
Debt securities	639	1,020	-	1,659
Power contracts	-	-	312	312
Securitization recovery trust account	50	-	-	50
Storm reserve escrow account	335	-	-	335
	$2,034	$2,752	$312	$5,098
Liabilities:
Gas hedge contracts	$30	$-	$-	$30

(a) The decommissioning trust funds hold equity and fixed income securities. Equity securities are invested to approximate the returns of major market indexes.  Fixed income securities are held in various governmental and corporate securities.  See Note 9 for additional information on the investment portfolios.

Reconciliation Of Changes In The Net Assets (Liabilities) For The Fair Value Of Derivatives Classified As Level 3 In The Fair Value Hierarchy

	2012	2011
	(In Millions)
Balance as of January 1,	$312	$197
Unrealized gains/(losses) from price changes	286	(62)
Unrealized gains/(losses) on originations	1	(2)
Realized gains on settlements	(71)	(29)
Balance as of March 31,	$528	$104