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

3 Months Ended

Mar. 31, 2015

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Following is a summary of the borrowings outstanding and capacity available under the facility as of March 31, 2015.

Capacity		Borrowings		Letters of Credit		Capacity Available
(In Millions)
	$3,500		$508		$9		$2,983

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

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

See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2015:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2015
		(Dollars in Millions)
Entergy Arkansas VIE	June 2016	$85	1.71%	$19.5
Entergy Gulf States Louisiana VIE	June 2016	$100	1.25%	$41.0
Entergy Louisiana VIE	June 2016	$90	1.48%	$27.3
System Energy VIE	June 2016	$125	n/a	$—

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

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2015 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Arkansas VIE	2.62% Series K due December 2017	$60 million
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Gulf States Louisiana VIE	3.25% Series Q due July 2017	$75 million
Entergy Gulf States Louisiana VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
Entergy Louisiana VIE	3.25% Series G due July 2017	$25 million
Entergy Louisiana VIE	3.92% Series H due February 2021	$40 million
System Energy VIE	5.33% Series G due April 2015 (a)	$60 million
System Energy VIE	4.02% Series H due February 2017	$50 million
System Energy VIE	3.78% Series I due October 2018	$85 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

Entergy Arkansas [Member]

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

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

See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2015:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2015
		(Dollars in Millions)
Entergy Arkansas VIE	June 2016	$85	1.71%	$19.5
Entergy Gulf States Louisiana VIE	June 2016	$100	1.25%	$41.0
Entergy Louisiana VIE	June 2016	$90	1.48%	$27.3
System Energy VIE	June 2016	$125	n/a	$—

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

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2015 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Arkansas VIE	2.62% Series K due December 2017	$60 million
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Gulf States Louisiana VIE	3.25% Series Q due July 2017	$75 million
Entergy Gulf States Louisiana VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
Entergy Louisiana VIE	3.25% Series G due July 2017	$25 million
Entergy Louisiana VIE	3.92% Series H due February 2021	$40 million
System Energy VIE	5.33% Series G due April 2015 (a)	$60 million
System Energy VIE	4.02% Series H due February 2017	$50 million
System Energy VIE	3.78% Series I due October 2018	$85 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

Entergy Gulf States Louisiana [Member]

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

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

See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2015:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2015
		(Dollars in Millions)
Entergy Arkansas VIE	June 2016	$85	1.71%	$19.5
Entergy Gulf States Louisiana VIE	June 2016	$100	1.25%	$41.0
Entergy Louisiana VIE	June 2016	$90	1.48%	$27.3
System Energy VIE	June 2016	$125	n/a	$—

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

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2015 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Arkansas VIE	2.62% Series K due December 2017	$60 million
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Gulf States Louisiana VIE	3.25% Series Q due July 2017	$75 million
Entergy Gulf States Louisiana VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
Entergy Louisiana VIE	3.25% Series G due July 2017	$25 million
Entergy Louisiana VIE	3.92% Series H due February 2021	$40 million
System Energy VIE	5.33% Series G due April 2015 (a)	$60 million
System Energy VIE	4.02% Series H due February 2017	$50 million
System Energy VIE	3.78% Series I due October 2018	$85 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

Entergy Louisiana [Member]

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

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

See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2015:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2015
		(Dollars in Millions)
Entergy Arkansas VIE	June 2016	$85	1.71%	$19.5
Entergy Gulf States Louisiana VIE	June 2016	$100	1.25%	$41.0
Entergy Louisiana VIE	June 2016	$90	1.48%	$27.3
System Energy VIE	June 2016	$125	n/a	$—

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

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2015 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Arkansas VIE	2.62% Series K due December 2017	$60 million
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Gulf States Louisiana VIE	3.25% Series Q due July 2017	$75 million
Entergy Gulf States Louisiana VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
Entergy Louisiana VIE	3.25% Series G due July 2017	$25 million
Entergy Louisiana VIE	3.92% Series H due February 2021	$40 million
System Energy VIE	5.33% Series G due April 2015 (a)	$60 million
System Energy VIE	4.02% Series H due February 2017	$50 million
System Energy VIE	3.78% Series I due October 2018	$85 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

Entergy Mississippi [Member]

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

Entergy New Orleans [Member]

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

Entergy Texas [Member]

Credit Facilities

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2015 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2015
Entergy Arkansas	April 2015	$20 million (b)	1.68%	$—
Entergy Arkansas	March 2019	$150 million (c)	1.68%	$—
Entergy Gulf States Louisiana	March 2019	$150 million (d)	1.43%	$—
Entergy Louisiana	March 2019	$200 million (e)	1.43%	$—
Entergy Mississippi	May 2015	$37.5 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$35 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$20 million (f)	1.68%	$—
Entergy Mississippi	May 2015	$10 million (f)	1.68%	$—
Entergy New Orleans	November 2015	$25 million	1.93%	$—
Entergy Texas	March 2019	$150 million (g)	1.68%	$—

(a) The interest rate is the rate as of March 31, 2015 that would most likely apply to outstanding borrowings under the facility.

(b) Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option. In April 2015, Entergy Arkansas renewed its credit facility through April 2016.

(c) The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(d) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(e) The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, no letters of credit were outstanding.  

(f) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. Prior to expiration on May 31, 2015, Entergy Mississippi expects to renew all of its credit facilities.

(g) The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of March 31, 2015, $1.3 million in letters of credit were outstanding.  

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

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2015:

Company	Amount of Uncommitted Facility	Letter of Credit Fee		Letters of Credit Issued as of March 31, 2015
Entergy Arkansas	$25 million	0.70	%	$2 million
Entergy Gulf States Louisiana	$75 million	0.70	%	$26 million
Entergy Louisiana	$50 million	0.70	%	$1 million
Entergy Mississippi	$40 million	0.70	%	$9.5 million
Entergy Mississippi	$40 million	1.50	%	$—
Entergy New Orleans	$15 million	0.75	%	$8.5 million
Entergy Texas	$50 million	0.70	%	$11 million

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

System Energy [Member]

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Gulf States Louisiana	$200	$—
Entergy Louisiana	$250	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$100	$—
Entergy Texas	$200	$—
System Energy	$200	$—

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

See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2015:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings (a)	Amount Outstanding as of March 31, 2015
		(Dollars in Millions)
Entergy Arkansas VIE	June 2016	$85	1.71%	$19.5
Entergy Gulf States Louisiana VIE	June 2016	$100	1.25%	$41.0
Entergy Louisiana VIE	June 2016	$90	1.48%	$27.3
System Energy VIE	June 2016	$125	n/a	$—

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

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2015 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Arkansas VIE	2.62% Series K due December 2017	$60 million
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Gulf States Louisiana VIE	3.25% Series Q due July 2017	$75 million
Entergy Gulf States Louisiana VIE	3.38% Series R due August 2020	$70 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
Entergy Louisiana VIE	3.25% Series G due July 2017	$25 million
Entergy Louisiana VIE	3.92% Series H due February 2021	$40 million
System Energy VIE	5.33% Series G due April 2015 (a)	$60 million
System Energy VIE	4.02% Series H due February 2017	$50 million
System Energy VIE	3.78% Series I due October 2018	$85 million

(a) In April 2015, the System Energy nuclear fuel company variable interest entity redeemed, at maturity, its $60 million of 5.33% Series G Notes.

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2015 are as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,204,417		$13,558,411
Entergy Arkansas		$2,671,406		$2,567,341
Entergy Gulf States Louisiana		$1,663,879		$1,753,434
Entergy Louisiana		$3,340,585		$3,477,366
Entergy Mississippi		$1,058,869		$1,111,044
Entergy New Orleans		$225,875		$229,573
Entergy Texas		$1,456,274		$1,611,345
System Energy		$699,429		$683,191

(a) The values exclude lease obligations of $112 million at Entergy Louisiana and $39 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2014 were as follows:

	Book Value of Long-Term Debt		Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy		$13,399,484		$13,607,242
Entergy Arkansas		$2,671,343		$2,517,633
Entergy Gulf States Louisiana		$1,622,817		$1,743,143
Entergy Louisiana		$3,356,579		$3,447,404
Entergy Mississippi		$1,058,838		$1,102,741
Entergy New Orleans		$225,866		$226,349
Entergy Texas		$1,478,931		$1,629,124
System Energy		$710,806		$677,475

(a) The values exclude lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and include debt due within one year.

(b) Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.