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Revolving Credit Facilities, Lines Of Credit And Short-Term Borrowings (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2015.
Capacity
 
Borrowings
 
Letters
of Credit
 
Capacity
Available
(In Millions)

$3,500

 

$271

 

$9

 

$3,220

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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015:
Company
 
Expiration
Date
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on Borrowings (a)
 
Amount
Outstanding as of June 30, 2015
 
 

 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
n/a
 
$—
Entergy Gulf States Louisiana VIE
 
June 2016
 
$100
 
1.38%
 
$32.9
Entergy Louisiana VIE
 
June 2016
 
$90
 
1.51%
 
$7.4
System Energy VIE
 
June 2016
 
$125
 
1.64%
 
$37.5

(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 June 30, 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
 
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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015:
Company
 
Expiration
Date
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on Borrowings (a)
 
Amount
Outstanding as of June 30, 2015
 
 

 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
n/a
 
$—
Entergy Gulf States Louisiana VIE
 
June 2016
 
$100
 
1.38%
 
$32.9
Entergy Louisiana VIE
 
June 2016
 
$90
 
1.51%
 
$7.4
System Energy VIE
 
June 2016
 
$125
 
1.64%
 
$37.5

(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 June 30, 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
 
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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015:
Company
 
Expiration
Date
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on Borrowings (a)
 
Amount
Outstanding as of June 30, 2015
 
 

 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
n/a
 
$—
Entergy Gulf States Louisiana VIE
 
June 2016
 
$100
 
1.38%
 
$32.9
Entergy Louisiana VIE
 
June 2016
 
$90
 
1.51%
 
$7.4
System Energy VIE
 
June 2016
 
$125
 
1.64%
 
$37.5

(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 June 30, 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
 
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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015:
Company
 
Expiration
Date
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on Borrowings (a)
 
Amount
Outstanding as of June 30, 2015
 
 

 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
n/a
 
$—
Entergy Gulf States Louisiana VIE
 
June 2016
 
$100
 
1.38%
 
$32.9
Entergy Louisiana VIE
 
June 2016
 
$90
 
1.51%
 
$7.4
System Energy VIE
 
June 2016
 
$125
 
1.64%
 
$37.5

(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 June 30, 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
 
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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 2015 as follows:
Company
 
Expiration
Date
 
Amount of
Facility
 
Interest Rate (a)
 
Amount Drawn
as of
June 30, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.69%
 
$—
Entergy Arkansas
 
March 2019
 
$150 million (c)
 
1.69%
 
$—
Entergy Gulf States Louisiana
 
March 2019
 
$150 million (d)
 
1.44%
 
$—
Entergy Louisiana
 
March 2019
 
$200 million (e)
 
1.44%
 
$—
Entergy Mississippi
 
May 2016
 
$37.5 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$35 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$20 million (f)
 
1.69%
 
$—
Entergy Mississippi
 
May 2016
 
$10 million (f)
 
1.69%
 
$—
Entergy New Orleans
 
November 2015
 
$25 million
 
1.94%
 
$—
Entergy Texas
 
March 2019
 
$150 million (g)
 
1.69%
 
$—

(a)
The interest rate is the rate as of June 30, 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.
(c)
The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 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 June 30, 2015, $3 million in 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.
(g)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  As of June 30, 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 June 30, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit
Issued as of
June 30, 2015 (a)

Entergy Arkansas
 
$25 million
 
0.70
%
 
$2 million
Entergy Gulf States Louisiana
 
$75 million
 
0.70
%
 
$16.6 million
Entergy Louisiana
 
$50 million
 
0.70
%
 
$1 million
Entergy Mississippi
 
$40 million
 
0.70
%
 
$6.5 million
Entergy Mississippi
 
$40 million
 
1.50
%
 
$—
Entergy New Orleans
 
$15 million
 
0.75
%
 
$9.7 million
Entergy Texas
 
$50 million
 
0.70
%
 
$14.5 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 June 30, 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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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 June 30, 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 June 30, 2015:
Company
 
Expiration
Date
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on Borrowings (a)
 
Amount
Outstanding as of June 30, 2015
 
 

 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
n/a
 
$—
Entergy Gulf States Louisiana VIE
 
June 2016
 
$100
 
1.38%
 
$32.9
Entergy Louisiana VIE
 
June 2016
 
$90
 
1.51%
 
$7.4
System Energy VIE
 
June 2016
 
$125
 
1.64%
 
$37.5

(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 June 30, 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
 
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 June 30, 2015 are as follows:
 
Book Value
of Long-Term Debt
 
Fair Value
of Long-Term Debt (a) (b)
 
(In Thousands)
Entergy

$12,886,819

 

$12,963,574

Entergy Arkansas

$2,664,952

 

$2,501,634

Entergy Gulf States Louisiana

$1,655,841

 

$1,722,029

Entergy Louisiana

$3,331,389

 

$3,360,897

Entergy Mississippi

$1,058,900

 

$1,086,306

Entergy New Orleans

$225,877

 

$224,803

Entergy Texas

$1,493,432

 

$1,627,335

System Energy

$604,533

 

$573,247


(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 $81 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.