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Revolving Credit Facilities, Lines Of Credit And Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2015
Summary Of The Borrowings Outstanding And Capacity Available Under The Facility
Following is a summary of the borrowings outstanding and capacity available under the facility as of December 31, 2015.
 
Capacity (a)
 
 
Borrowings
 
Letters
of Credit
 
Capacity
Available
(In Millions)
$3,500
 
$835
 
$9
 
$2,656
Parent Company [Member]  
Credit Facilities
Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of December 31, 2015 as follows:
Company
 
Expiration Date
 
Amount of Facility
 
Interest Rate (a)
 
 Amount Drawn
as of
December 31, 2015
Letters of Credit
Outstanding as of December 31, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.92%
 
Entergy Arkansas
 
August 2020
 
$150 million (c)
 
1.92%
 
Entergy Louisiana
 
August 2020
 
$350 million (d)
 
1.67%
 
$3.1 million
Entergy Mississippi
 
May 2016
 
$10 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$20 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$35 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$37.5 million (e)
 
1.92%
 
Entergy New Orleans
 
November 2018
 
$25 million
 
2.17%
 
Entergy Texas
 
August 2020
 
$150 million (f)
 
1.92%
 
$1.3 million

(a)
The interest rate is the rate as of December 31, 2015 that would be applied to outstanding borrowings under the facility.
(b)
Borrowings under this 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.  
(d)
The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. 
(e)
Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. 
(f)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  
Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations
n addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations related to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit Issued as of December 31, 2015
Entergy Arkansas
 
$25 million
 
0.70%
 
$1.0 million
Entergy Louisiana
 
$125 million
 
0.70%
 
$17.1 million
Entergy Mississippi
 
$40 million
 
0.70%
 
$6.0 million
Entergy New Orleans
 
$15 million
 
0.75%
 
$1.4 million
Entergy Texas
 
$50 million
 
0.70%
 
$9.4 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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel
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 December 31, 2015:
 
 
 
 
 
Company
 
 
 
 
 
Expiration
Date
 
 
 
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on
Borrowings
(a)
 
 
Amount
Outstanding
as of
December 31,
2015
 
 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
1.98%
 
$11.7
Entergy Louisiana River Bend VIE
 
June 2016
 
$100
 
1.38%
 
$0.6
Entergy Louisiana Waterford VIE
 
June 2016
 
$90
 
1.59%
 
$60.4
System Energy VIE
 
June 2016
 
$125
 
n/a
 
$—

(a)
Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy.  The nuclear fuel company variable interest entity for Entergy Louisiana River Bend 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 December 31, 2015 as follows:
Company
 
Description
 
Amount
Entergy Arkansas VIE
 
3.23% Series J due July 2016
 
$55 million
Entergy Arkansas VIE
 
2.62% Series K due December 2017
 
$60 million
Entergy Arkansas VIE
 
3.65% Series L due July 2021
 
$90 million
Entergy Louisiana River Bend VIE
 
3.25% Series Q due July 2017
 
$75 million
Entergy Louisiana River Bend VIE
 
3.38% Series R due August 2020
 
$70 million
Entergy Louisiana Waterford VIE
 
3.30% Series F due March 2016
 
$20 million
Entergy Louisiana Waterford VIE
 
3.25% Series G due July 2017
 
$25 million
Entergy Louisiana Waterford 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
Entergy Arkansas [Member]  
Credit Facilities
Company
 
Expiration Date
 
Amount of Facility
 
Interest Rate (a)
 
 Amount Drawn
as of
December 31, 2015
Letters of Credit
Outstanding as of December 31, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.92%
 
Entergy Arkansas
 
August 2020
 
$150 million (c)
 
1.92%
 
Entergy Louisiana
 
August 2020
 
$350 million (d)
 
1.67%
 
$3.1 million
Entergy Mississippi
 
May 2016
 
$10 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$20 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$35 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$37.5 million (e)
 
1.92%
 
Entergy New Orleans
 
November 2018
 
$25 million
 
2.17%
 
Entergy Texas
 
August 2020
 
$150 million (f)
 
1.92%
 
$1.3 million

(a)
The interest rate is the rate as of December 31, 2015 that would be applied to outstanding borrowings under the facility.
(b)
Borrowings under this 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.  
(d)
The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. 
(e)
Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. 
(f)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  
Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations
n addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations related to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit Issued as of December 31, 2015
Entergy Arkansas
 
$25 million
 
0.70%
 
$1.0 million
Entergy Louisiana
 
$125 million
 
0.70%
 
$17.1 million
Entergy Mississippi
 
$40 million
 
0.70%
 
$6.0 million
Entergy New Orleans
 
$15 million
 
0.75%
 
$1.4 million
Entergy Texas
 
$50 million
 
0.70%
 
$9.4 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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel
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 December 31, 2015:
 
 
 
 
 
Company
 
 
 
 
 
Expiration
Date
 
 
 
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on
Borrowings
(a)
 
 
Amount
Outstanding
as of
December 31,
2015
 
 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
1.98%
 
$11.7
Entergy Louisiana River Bend VIE
 
June 2016
 
$100
 
1.38%
 
$0.6
Entergy Louisiana Waterford VIE
 
June 2016
 
$90
 
1.59%
 
$60.4
System Energy VIE
 
June 2016
 
$125
 
n/a
 
$—

(a)
Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy.  The nuclear fuel company variable interest entity for Entergy Louisiana River Bend 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 December 31, 2015 as follows:
Company
 
Description
 
Amount
Entergy Arkansas VIE
 
3.23% Series J due July 2016
 
$55 million
Entergy Arkansas VIE
 
2.62% Series K due December 2017
 
$60 million
Entergy Arkansas VIE
 
3.65% Series L due July 2021
 
$90 million
Entergy Louisiana River Bend VIE
 
3.25% Series Q due July 2017
 
$75 million
Entergy Louisiana River Bend VIE
 
3.38% Series R due August 2020
 
$70 million
Entergy Louisiana Waterford VIE
 
3.30% Series F due March 2016
 
$20 million
Entergy Louisiana Waterford VIE
 
3.25% Series G due July 2017
 
$25 million
Entergy Louisiana Waterford 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
Entergy Louisiana [Member]  
Credit Facilities
Company
 
Expiration Date
 
Amount of Facility
 
Interest Rate (a)
 
 Amount Drawn
as of
December 31, 2015
Letters of Credit
Outstanding as of December 31, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.92%
 
Entergy Arkansas
 
August 2020
 
$150 million (c)
 
1.92%
 
Entergy Louisiana
 
August 2020
 
$350 million (d)
 
1.67%
 
$3.1 million
Entergy Mississippi
 
May 2016
 
$10 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$20 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$35 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$37.5 million (e)
 
1.92%
 
Entergy New Orleans
 
November 2018
 
$25 million
 
2.17%
 
Entergy Texas
 
August 2020
 
$150 million (f)
 
1.92%
 
$1.3 million

(a)
The interest rate is the rate as of December 31, 2015 that would be applied to outstanding borrowings under the facility.
(b)
Borrowings under this 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.  
(d)
The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. 
(e)
Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. 
(f)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  
Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations
n addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations related to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit Issued as of December 31, 2015
Entergy Arkansas
 
$25 million
 
0.70%
 
$1.0 million
Entergy Louisiana
 
$125 million
 
0.70%
 
$17.1 million
Entergy Mississippi
 
$40 million
 
0.70%
 
$6.0 million
Entergy New Orleans
 
$15 million
 
0.75%
 
$1.4 million
Entergy Texas
 
$50 million
 
0.70%
 
$9.4 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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel
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 December 31, 2015:
 
 
 
 
 
Company
 
 
 
 
 
Expiration
Date
 
 
 
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on
Borrowings
(a)
 
 
Amount
Outstanding
as of
December 31,
2015
 
 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
1.98%
 
$11.7
Entergy Louisiana River Bend VIE
 
June 2016
 
$100
 
1.38%
 
$0.6
Entergy Louisiana Waterford VIE
 
June 2016
 
$90
 
1.59%
 
$60.4
System Energy VIE
 
June 2016
 
$125
 
n/a
 
$—

(a)
Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy.  The nuclear fuel company variable interest entity for Entergy Louisiana River Bend 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 December 31, 2015 as follows:
Company
 
Description
 
Amount
Entergy Arkansas VIE
 
3.23% Series J due July 2016
 
$55 million
Entergy Arkansas VIE
 
2.62% Series K due December 2017
 
$60 million
Entergy Arkansas VIE
 
3.65% Series L due July 2021
 
$90 million
Entergy Louisiana River Bend VIE
 
3.25% Series Q due July 2017
 
$75 million
Entergy Louisiana River Bend VIE
 
3.38% Series R due August 2020
 
$70 million
Entergy Louisiana Waterford VIE
 
3.30% Series F due March 2016
 
$20 million
Entergy Louisiana Waterford VIE
 
3.25% Series G due July 2017
 
$25 million
Entergy Louisiana Waterford 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
Entergy Mississippi [Member]  
Credit Facilities
Company
 
Expiration Date
 
Amount of Facility
 
Interest Rate (a)
 
 Amount Drawn
as of
December 31, 2015
Letters of Credit
Outstanding as of December 31, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.92%
 
Entergy Arkansas
 
August 2020
 
$150 million (c)
 
1.92%
 
Entergy Louisiana
 
August 2020
 
$350 million (d)
 
1.67%
 
$3.1 million
Entergy Mississippi
 
May 2016
 
$10 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$20 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$35 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$37.5 million (e)
 
1.92%
 
Entergy New Orleans
 
November 2018
 
$25 million
 
2.17%
 
Entergy Texas
 
August 2020
 
$150 million (f)
 
1.92%
 
$1.3 million

(a)
The interest rate is the rate as of December 31, 2015 that would be applied to outstanding borrowings under the facility.
(b)
Borrowings under this 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.  
(d)
The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. 
(e)
Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. 
(f)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  
Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations
n addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations related to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit Issued as of December 31, 2015
Entergy Arkansas
 
$25 million
 
0.70%
 
$1.0 million
Entergy Louisiana
 
$125 million
 
0.70%
 
$17.1 million
Entergy Mississippi
 
$40 million
 
0.70%
 
$6.0 million
Entergy New Orleans
 
$15 million
 
0.75%
 
$1.4 million
Entergy Texas
 
$50 million
 
0.70%
 
$9.4 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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
Entergy New Orleans [Member]  
Credit Facilities
Company
 
Expiration Date
 
Amount of Facility
 
Interest Rate (a)
 
 Amount Drawn
as of
December 31, 2015
Letters of Credit
Outstanding as of December 31, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.92%
 
Entergy Arkansas
 
August 2020
 
$150 million (c)
 
1.92%
 
Entergy Louisiana
 
August 2020
 
$350 million (d)
 
1.67%
 
$3.1 million
Entergy Mississippi
 
May 2016
 
$10 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$20 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$35 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$37.5 million (e)
 
1.92%
 
Entergy New Orleans
 
November 2018
 
$25 million
 
2.17%
 
Entergy Texas
 
August 2020
 
$150 million (f)
 
1.92%
 
$1.3 million

(a)
The interest rate is the rate as of December 31, 2015 that would be applied to outstanding borrowings under the facility.
(b)
Borrowings under this 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.  
(d)
The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. 
(e)
Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. 
(f)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  
Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations
n addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations related to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit Issued as of December 31, 2015
Entergy Arkansas
 
$25 million
 
0.70%
 
$1.0 million
Entergy Louisiana
 
$125 million
 
0.70%
 
$17.1 million
Entergy Mississippi
 
$40 million
 
0.70%
 
$6.0 million
Entergy New Orleans
 
$15 million
 
0.75%
 
$1.4 million
Entergy Texas
 
$50 million
 
0.70%
 
$9.4 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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
Entergy Texas [Member]  
Credit Facilities
Company
 
Expiration Date
 
Amount of Facility
 
Interest Rate (a)
 
 Amount Drawn
as of
December 31, 2015
Letters of Credit
Outstanding as of December 31, 2015
Entergy Arkansas
 
April 2016
 
$20 million (b)
 
1.92%
 
Entergy Arkansas
 
August 2020
 
$150 million (c)
 
1.92%
 
Entergy Louisiana
 
August 2020
 
$350 million (d)
 
1.67%
 
$3.1 million
Entergy Mississippi
 
May 2016
 
$10 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$20 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$35 million (e)
 
1.92%
 
Entergy Mississippi
 
May 2016
 
$37.5 million (e)
 
1.92%
 
Entergy New Orleans
 
November 2018
 
$25 million
 
2.17%
 
Entergy Texas
 
August 2020
 
$150 million (f)
 
1.92%
 
$1.3 million

(a)
The interest rate is the rate as of December 31, 2015 that would be applied to outstanding borrowings under the facility.
(b)
Borrowings under this 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.  
(d)
The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. 
(e)
Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option. 
(f)
The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility.  
Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations
n addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations related to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2015:
Company
 
Amount of Uncommitted Facility
 
Letter of Credit Fee
 
Letters of Credit Issued as of December 31, 2015
Entergy Arkansas
 
$25 million
 
0.70%
 
$1.0 million
Entergy Louisiana
 
$125 million
 
0.70%
 
$17.1 million
Entergy Mississippi
 
$40 million
 
0.70%
 
$6.0 million
Entergy New Orleans
 
$15 million
 
0.75%
 
$1.4 million
Entergy Texas
 
$50 million
 
0.70%
 
$9.4 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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
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 December 31, 2015 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
 
Authorized
 
Borrowings
 
(In Millions)
Entergy Arkansas
$250
 
$52.7
Entergy Louisiana
$450
 
Entergy Mississippi
$175
 
Entergy New Orleans
$100
 
Entergy Texas
$200
 
$22.1
System Energy
$200
 
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel
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 December 31, 2015:
 
 
 
 
 
Company
 
 
 
 
 
Expiration
Date
 
 
 
 
Amount
of
Facility
 
Weighted
Average
Interest
Rate on
Borrowings
(a)
 
 
Amount
Outstanding
as of
December 31,
2015
 
 
(Dollars in Millions)
Entergy Arkansas VIE
 
June 2016
 
$85
 
1.98%
 
$11.7
Entergy Louisiana River Bend VIE
 
June 2016
 
$100
 
1.38%
 
$0.6
Entergy Louisiana Waterford VIE
 
June 2016
 
$90
 
1.59%
 
$60.4
System Energy VIE
 
June 2016
 
$125
 
n/a
 
$—

(a)
Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy.  The nuclear fuel company variable interest entity for Entergy Louisiana River Bend 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 December 31, 2015 as follows:
Company
 
Description
 
Amount
Entergy Arkansas VIE
 
3.23% Series J due July 2016
 
$55 million
Entergy Arkansas VIE
 
2.62% Series K due December 2017
 
$60 million
Entergy Arkansas VIE
 
3.65% Series L due July 2021
 
$90 million
Entergy Louisiana River Bend VIE
 
3.25% Series Q due July 2017
 
$75 million
Entergy Louisiana River Bend VIE
 
3.38% Series R due August 2020
 
$70 million
Entergy Louisiana Waterford VIE
 
3.30% Series F due March 2016
 
$20 million
Entergy Louisiana Waterford VIE
 
3.25% Series G due July 2017
 
$25 million
Entergy Louisiana Waterford 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