QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2015 and 2014 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573
2014:
First Quarter		$3,208,843		$739,877			$406,053			$401,174
Second Quarter		$2,996,650		$454,477			$194,281			$189,383
Third Quarter		$3,458,110		$492,859			$234,916			$230,037
Fourth Quarter		$2,831,318		$319,674			$125,006			$120,127

Earnings per Average Common Share



	2015						2014
	Basic			Diluted			Basic		Diluted
First Quarter		$1.66			$1.65			$2.24		$2.24
Second Quarter		$0.83			$0.83			$1.06		$1.05
Third Quarter		($4.04	)		($4.04	)		$1.28		$1.27
Fourth Quarter		$0.56			$0.56			$0.67		$0.66

Third quarter 2015 results of operations includes $1,642 million ($1,062 million net-of-tax) of impairment and related charges to write down the carrying values of the FitzPatrick and Pilgrim plants and related assets to their fair values. Fourth quarter 2015 results of operations includes $396 million ($256 million net-of-tax) of impairment and related changes to write down the carrying values of the Palisades plant and related assets to their fair values. See Note 1 to the financial statements for further discussion of the charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of an agreement with the LPSC. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for fourth quarter 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and related charges to recognize that a portion of the assets associated with Entergy Louisiana’s Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

Results of operations for third quarter 2014 include $113 million ($74 million net-of-tax) of charges related to Vermont Yankee, including the effects of an updated decommissioning cost study along with reassessment of assumptions regarding the timing of decommissioning cash flows and severance and employee retention costs. See Note 1 to the financial statements for further discussion of these charges. Results of operations for third quarter 2014 also include the $61 million ($40 million net-of-tax) write-off of Entergy Mississippi’s regulatory asset associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, in which Entergy Mississippi agreed not to pursue recovery of the costs deferred by an MPSC order in the new nuclear generation docket. See Note 2 to the financial statements for further discussion of the new nuclear generation development costs and the joint stipulation.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2015 and 2014 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana (a)		Entergy Mississippi		Entergy New Orleans (b)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366
2014:
First Quarter		$514,981		$1,074,334		$348,196		$195,866		$440,256		$157,667
Second Quarter		$511,522		$1,231,428		$370,638		$180,320		$482,932		$163,830
Third Quarter		$627,153		$1,421,028		$425,341		$198,524		$528,508		$172,151
Fourth Quarter		$518,735		$1,013,714		$380,018		$160,482		$400,286		$170,716

(a)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating revenues are higher by $429,097 in the first quarter 2015, $406,974 in the second quarter 2015, $488,543 in the third quarter 2015, $450,840 in the first quarter 2014, $495,020 in the second quarter 2014, $550,847 in the third quarter 2014, and $417,916 in the fourth quarter 2014.

(b)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating revenues are higher by $9,726 in the first quarter 2015, $10,258 in the second quarter 2015, $9,299 in the first quarter 2014, $10,331 in the second quarter 2014, $15,553 in the third quarter 2014, and $9,924 in the fourth quarter 2014.

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana (c)		Entergy Mississippi		Entergy New Orleans (d)		Entergy Texas		System Energy
	(In Thousands)
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239
2014:
First Quarter		$66,360			$167,633		$57,132		$15,822		$43,056		$52,029
Second Quarter		$68,970			$170,526		$59,063		$13,421		$53,158		$56,547
Third Quarter		$115,357			$257,293		$9,403		$28,396		$82,911		$58,484
Fourth Quarter		$19,317			$82,381		$61,162		$317		$29,590		$54,056

(c)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, operating income is higher by $79,389 in the first quarter 2015, $65,901 in the second quarter 2015, $100,753 in the third quarter 2015, $82,576 in the first quarter 2014, $70,350 in the second quarter 2014, $96,698 in the third quarter 2014, and $43,766 in the fourth quarter 2014.

(d)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, operating income is higher by $1,177 in the first quarter 2015, $1,504 in the second quarter 2015, $541 in the first quarter 2014, $559 in the second quarter 2014, $3,530 in the third quarter 2014, and $856 in the fourth quarter 2014.

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana (e)		Entergy Mississippi			Entergy New Orleans (f)		Entergy Texas			System Energy
	(In Thousands)
2015:
First Quarter		$17,865			$126,109		$24,935			$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279			$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576			$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918			$3,575		($5,170	)		$38,702
2014:
First Quarter		$28,370			$104,850		$25,839			$8,276		$13,165			$24,619
Second Quarter		$29,005			$105,838		$26,564			$6,406		$18,585			$25,931
Third Quarter		$62,980			$179,356		($6,464	)		$15,950		$39,559			$26,730
Fourth Quarter		$1,037			$55,978		$28,882			$398		$3,495			$19,054

(e)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, net income is higher by $53,845 in the first quarter 2015, $33,963 in the second quarter 2015, $68,140 in the third quarter 2015, $46,472 in the first quarter 2014, $36,171 in the second quarter 2014, $55,535 in the third quarter 2014, and $24,313 in the fourth quarter 2014.

(f)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, net income is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $291 in the fourth quarter 2014.

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana (g)		Entergy Mississippi			Entergy New Orleans (h)
	(In Thousands)
2015:
First Quarter		$16,147			$124,165		$24,228			$11,051
Second Quarter		$19,807			$107,037		$25,572			$10,654
Third Quarter		$53,944			$185,290		$35,869			$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211			$3,333
2014:
First Quarter		$26,652			$102,906		$25,132			$8,035
Second Quarter		$27,287			$103,872		$25,857			$6,165
Third Quarter		$61,262			$177,412		($7,171	)		$15,709
Fourth Quarter		($682	)		$54,036		$28,175			$156

(g)

See Note 1 to the financial statements for discussion of the business combination of Entergy Louisiana and Entergy Gulf States Louisiana. The effect of the business combination has been retrospectively applied to Entergy Louisiana's financial statements that are presented in this report. As a result, earnings applicable to common equity is higher by $53,639 in the first quarter 2015, $33,757 in the second quarter 2015, $67,970 in the third quarter 2015, $46,266 in the first quarter 2014, $35,962 in the second quarter 2014, $55,329 in the third quarter 2014, and $24,107 in the fourth quarter 2014.

(h)

See Note 1 to the financial statements for discussion of the transfer of Entergy Louisiana’s Algiers assets to Entergy New Orleans. The effect of the Algiers transfer has been retrospectively applied to Entergy New Orleans’s financial statements that are presented in this report. As a result, earnings applicable to common equity is higher (lower) by $238 in the first quarter 2015, $393 in the second quarter 2015, ($18) in the first quarter 2014, $32 in the second quarter 2014, $2,018 in the third quarter 2014, and $290 in the fourth quarter 2014.