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Risk Management And Fair Values (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Values Of Derivative Instruments
The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of June 30, 2016 are shown in the table below.  Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Offset (b)
 
Net (c) (d)
 
Business
 
 
 
 
(In Millions)
 
 
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Prepayments and other (current portion)
 
$50
 
($9)
 
$41
 
Entergy Wholesale Commodities
Electricity swaps and options
 
Other deferred debits and other assets (non-current portion)
 
$5
 
($5)
 
$—
 
Entergy Wholesale Commodities
Liabilities:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Other current liabilities
(current portion)
 
$7
 
($7)
 
$—
 
Entergy Wholesale Commodities
Electricity swaps and options
 
Other non-current liabilities (non-current portion)
 
$7
 
($5)
 
$2
 
Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Prepayments and other (current portion)
 
$50
 
($22)
 
$28
 
Entergy Wholesale Commodities
Electricity swaps and options
 
Other deferred debits and other assets (non-current portion)
 
$8
 
$—
 
$8
 
Entergy Wholesale Commodities
Natural gas swaps
 
Prepayments and other
 
$16
 
$—
 
$16
 
Utility
FTRs
 
Prepayments and other
 
$47
 
($1)
 
$46
 
Utility and Entergy Wholesale Commodities
Liabilities:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Other current liabilities(current portion)
 
$31
 
($24)
 
$7
 
Entergy Wholesale Commodities
Electricity swaps and options
 
Other non-current liabilities (non-current portion)
 
$3
 
($1)
 
$2
 
Entergy Wholesale Commodities

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2015 are shown in the table below.  Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Offset (b)
 
Net (c) (d)
 
Business
 
 
 
 
(In Millions)
 
 
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Prepayments and other (current portion)
 
$173
 
($34)
 
$139
 
Entergy Wholesale Commodities
Electricity swaps and options
 
Other deferred debits and other assets (non-current portion)
 
$17
 
($2)
 
$15
 
Entergy Wholesale Commodities
Liabilities:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Other current liabilities (current portion)
 
$14
 
($14)
 
$—
 
Entergy Wholesale Commodities
Electricity swaps and options
 
Other non-current liabilities (non-current portion)
 
$2
 
($2)
 
$—
 
Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Prepayments and other (current portion)
 
$54
 
($13)
 
$41
 
Entergy Wholesale Commodities
FTRs
 
Prepayments and other
 
$24
 
($1)
 
$23
 
Utility and Entergy Wholesale Commodities
Liabilities:
 
 
 
 
 
 
 
 
 
 
Electricity swaps and options
 
Other current liabilities (current portion)
 
$38
 
($32)
 
$6
 
Entergy Wholesale Commodities
Natural gas swaps
 
Other current liabilities
 
$9
 
$—
 
$9
 
Utility
Derivative Instruments Designated As Cash Flow Hedges On Consolidated Statements Of Income










The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated statements of operations for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Amount of gain (loss)
recognized in other
comprehensive income
 
Income Statement location
 
Amount of gain
reclassified from
AOCI into income (a)
 
 
(In Millions)
 
 
 
(In Millions)
2016
 
 
 
 
 
 
Electricity swaps and options
 
($53)
 
Competitive businesses operating revenues
 
$46
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Electricity swaps and options
 
$137
 
Competitive businesses operating revenues
 
$78

(a)
Before taxes of $16 million and $27 million for the three months ended June 30, 2016 and 2015, respectively

The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated statements of operations for the six months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Amount of gain recognized in other
comprehensive income
 
Income Statement location
 
Amount of gain
 reclassified from
AOCI into income (a)

 
(In Millions)
 
 
 
(In Millions)
2016
 
 
 
 
 
 
Electricity swaps and options
 
$86
 
Competitive businesses operating revenues
 
$200
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Electricity swaps and options
 
$105
 
Competitive businesses operating revenues
 
$91


(a)
Before taxes of $70 million and $32 million for the six months ended June 30, 2016 and 2015, respectively
Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income
The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated statements of operations for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Amount of loss recognized in AOCI
 
Income Statement
location
 
Amount of gain (loss)
recorded in the income statement
 
 
(In Millions)
 
 
 
(In Millions)
2016
 
 
 
 
 
 
Natural gas swaps
 
$—
 
Fuel, fuel-related expenses, and gas purchased for resale
(a)
($6)
FTRs
 
$—
 
Purchased power expense
(b)
$38
Electricity swaps and options de-designated as hedged items
 
($10)
 
Competitive business operating revenues
 
($6)
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
$—
 
Fuel, fuel-related expenses, and gas purchased for resale
(a)
$3
FTRs
 
$—
 
Purchased power expense
(b)
$46
Electricity swaps and options de-designated as hedged items
 
($3)
 
Competitive business operating revenues
 
($5)

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated statements of operations for the six months ended June 30, 2016 and 2015 are as follows:
Instrument

Amount of gain recognized in AOCI

Income Statement
location

Amount of gain (loss)
recorded in the income statement
 
 
(In Millions)
 
 
 
(In Millions)
2016
 

 
 
 
 
Natural gas swaps
 
$—
 
Fuel, fuel-related expenses, and gas purchased for resale
(a)
($30)
FTRs

$—

Purchased power expense
(b)
$59
Electricity swaps and options de-designated as hedged items
 
$15
 
Competitive business operating revenues
 
($9)
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
$—
 
Fuel, fuel-related expenses, and gas purchased for resale
(a)
($16)
FTRs
 
$—
 
Purchased power expense
(b)
$79
Electricity swaps and options de-designated as hedged items
 
$1
 
Competitive business operating revenues
 
($39)


(a)
Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.
(b)
Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.
Assets and liabilities at fair value on a recurring basis
The following tables set forth, by level within the fair value hierarchy, Entergy’s assets and liabilities that are accounted for at fair value on a recurring basis as of June 30, 2016 and December 31, 2015.  The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$893

 

$—

 

$—

 

$893

Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 
464

 
—

 
—

 
464

Debt securities
 
1,053

 
1,220

 
—

 
2,273

Common trusts (b)
 
 
 
 
 
 
 
2,819

Power contracts
 
—

 
—

 
77

 
77

Securitization recovery trust account
 
37

 
—

 
—

 
37

Escrow accounts
 
433

 
—

 
—

 
433

Gas hedge contracts
 
16

 
—

 
—

 
16

FTRs
 
—

 
—

 
46

 
46

 
 

$2,896

 

$1,220

 

$123

 

$7,058

Liabilities:
 
 
 
 
 
 
 
 
Power contracts
 

$—

 

$—

 

$11

 

$11


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$1,287

 

$—

 

$—

 

$1,287

Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 
468

 
—

 
—

 
468

Debt securities
 
1,061

 
1,094

 
—

 
2,155

Common trusts (b)
 
 
 
 
 
 
 
2,727

Power contracts
 
—

 
—

 
195

 
195

Securitization recovery trust account
 
50

 
—

 
—

 
50

Escrow accounts
 
425

 
—

 
—

 
425

FTRs
 
—

 
—

 
23

 
23

 
 

$3,291

 

$1,094

 

$218

 

$7,330

Liabilities:
 
 
 
 
 
 
 
 
Power contracts
 

$—

 

$—

 

$6

 

$6

Gas hedge contracts
 
9

 
—

 
—

 
9

 
 

$9

 

$—

 

$6

 

$15
Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2016 and 2015:
 
2016
 
2015
 
Power Contracts
 
FTRs
 
Power Contracts
 
FTRs
 
(In Millions)
Balance as of April 1,

$183

 

$9

 

$145

 

$15

Total gains (losses) for the period (a)
 
 
 
 
 
 
 
Included in earnings
(9
)
 
—

 
22

 
—

Included in OCI
(53
)
 
—

 
131

 
—

Included as a regulatory liability/asset
—

 
20

 
—

 
18

Issuances of FTRs
—

 
55

 
—

 
80

Purchases
—

 
—

 
4

 
—

Settlements
(55
)
 
(38
)
 
(98
)
 
(46
)
Balance as of June 30,

$66

 

$46

 

$204

 

$67



(a)
Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period is ($6) million for the three months ended June 30, 2016 and ($1) million for the three months ended June 30, 2015.

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2016 and 2015:
 
2016
 
2015
 
Power Contracts
 
FTRs
 
Power Contracts
 
FTRs

(In Millions)
Balance as of January 1,

$189

 

$23

 

$215

 

$47

Total gains (losses) for the period (a)
 
 
 
 
 
 
 
Included in earnings
(9
)
 
—

 
(13
)
 
(1
)
Included in OCI
86

 
—

 
105

 
—

Included as a regulatory liability/asset
—

 
27

 
—

 
20

Issuances of FTRs
—

 
55

 
—

 
80

Purchases
—

 
—

 
14

 
—

Settlements
(200
)
 
(59
)
 
(117
)
 
(79
)
Balance as of June 30,

$66

 

$46

 

$204

 

$67



(a)
For the six months ended June 30, 2016, there is no change in unrealized gains or losses included in earnings for derivatives held at the end of the reporting period. Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period is ($7) million for the six months ended June 30, 2015
Fair Value Inputs Liabilities Quantitative Information
The following table sets forth a description of the types of transactions classified as Level 3 in the fair value hierarchy and significant unobservable inputs to each which cause that classification as of June 30, 2016:
Transaction Type
 
Fair Value
as of
June 30,
2016
 
Significant
Unobservable Inputs
 
Range
from
Average
%
 
Effect on
Fair Value
 
 
(In Millions)
 
 
 
 
 
 
(In Millions)
Power contracts - electricity swaps
 
$61
 
Unit contingent discount
 
+/-
3%
 
$2
Power contracts - electricity options
 
$5
 
Implied volatility
 
+/-
34%
 
$3
Entergy Arkansas [Member]  
Fair Values Of Derivative Instruments
The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of June 30, 2016 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
Natural gas swaps
 
Prepayments and other
 
$12.8
 
Entergy Louisiana
Natural gas swaps
 
Prepayments and other
 
$2.7
 
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$14.0
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$16.2
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$5.6
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$2.0
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$8.0
 
Entergy Texas

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$7.9
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$8.5
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$2.4
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$1.5
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$2.2
 
Entergy Texas
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Natural gas swaps
 
Other current liabilities
 
$7.0
 
Entergy Louisiana
Natural gas swaps
 
Other current liabilities
 
$1.3
 
Entergy Mississippi
Natural gas swaps
 
Other current liabilities
 
$0.5
 
Entergy New Orleans

(a)
Excludes letters of credit in the amount of $1.4 million posted by Entergy Texas as of June 30, 2016. No cash collateral was required to be posted as of June 30, 2016 and December 31, 2015, respectively.
Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income
The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Income Statement Location
 
Amount of gain
(loss) recorded
in the income statement
 
Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($4.9)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.9)
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$5.5
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$21.6
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.6
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.4
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$5.4
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$2.5
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$0.6
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$19.6
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$17.3
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.9
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$4.5
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$1.2
(b)
Entergy Texas



The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2016 and 2015 are as follows:
Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 

 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($24.2)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($5.0)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$13.3
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$32.1
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$4.4
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.9
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$6.9
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($13.5)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($2.4)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$34.7
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$31.7
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$7.2
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$6.0
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
($0.2)
(b)
Entergy Texas


(a)
Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.
(b)
Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.
Assets and liabilities at fair value on a recurring basis
Entergy Arkansas
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$11.3

 

$—

 

$—

 

$11.3

Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 
16.8

 
—

 
—

 
16.8

Debt securities
 
97.4

 
207.8

 
—

 
305.2

Common trusts (b)
 
 
 
 
 
 
 
480.8

Securitization recovery trust account
 
3.2

 
—

 
—

 
3.2

Escrow accounts
 
7.1

 
—

 
—

 
7.1

FTRs
 
—

 
—

 
14.0

 
14.0

 
 

$135.8

 

$207.8

 

$14.0

 

$838.4


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 

$3.0

 

$—

 

$—

 

$3.0

Debt securities
 
110.5

 
193.4

 
—

 
303.9

Common trusts (b)
 
 
 
 
 
 
 
464.4

Securitization recovery trust account
 
4.2

 
—

 
—

 
4.2

Escrow accounts
 
12.2

 
—

 
—

 
12.2

FTRs
 
—

 
—

 
7.9

 
7.9

 
 

$129.9

 

$193.4

 

$7.9

 

$795.6
Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$3.7

 

$3.3

 

$0.9

 

$0.6

 

$0.9

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
(3.0
)
 
16.4

 
2.4

 
—

 
3.2

Settlements
(5.5
)
 
(21.6
)
 
(3.6
)
 
(1.4
)
 
(5.4
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$0.6

 

$8.8

 

$0.9

 

$1.4

 

$3.4

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
21.1

 
(2.4
)
 
2.5

 
2.5

 
(5.7
)
Settlements
(19.6
)
 
(17.3
)
 
(3.9
)
 
(4.5
)
 
(1.2
)
Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$7.9

 

$8.5

 

$2.4

 

$1.5

 

$2.2

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
0.6

 
21.7

 
1.7

 
(0.4
)
 
3.4

Settlements
(13.3
)
 
(32.1
)
 
(4.4
)
 
(1.9
)
 
(6.9
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$0.7

 

$25.5

 

$3.4

 

$4.1

 

$12.3

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
36.1

 
(4.7
)
 
3.3

 
1.3

 
(16.0
)
Settlements
(34.7
)
 
(31.7
)
 
(7.2
)
 
(6.0
)
 
0.2

Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9
Entergy Louisiana [Member]  
Fair Values Of Derivative Instruments
The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of June 30, 2016 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
Natural gas swaps
 
Prepayments and other
 
$12.8
 
Entergy Louisiana
Natural gas swaps
 
Prepayments and other
 
$2.7
 
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$14.0
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$16.2
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$5.6
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$2.0
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$8.0
 
Entergy Texas

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$7.9
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$8.5
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$2.4
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$1.5
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$2.2
 
Entergy Texas
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Natural gas swaps
 
Other current liabilities
 
$7.0
 
Entergy Louisiana
Natural gas swaps
 
Other current liabilities
 
$1.3
 
Entergy Mississippi
Natural gas swaps
 
Other current liabilities
 
$0.5
 
Entergy New Orleans

(a)
Excludes letters of credit in the amount of $1.4 million posted by Entergy Texas as of June 30, 2016. No cash collateral was required to be posted as of June 30, 2016 and December 31, 2015, respectively.
Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income
The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Income Statement Location
 
Amount of gain
(loss) recorded
in the income statement
 
Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($4.9)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.9)
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$5.5
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$21.6
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.6
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.4
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$5.4
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$2.5
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$0.6
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$19.6
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$17.3
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.9
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$4.5
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$1.2
(b)
Entergy Texas



The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2016 and 2015 are as follows:
Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 

 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($24.2)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($5.0)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$13.3
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$32.1
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$4.4
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.9
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$6.9
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($13.5)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($2.4)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$34.7
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$31.7
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$7.2
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$6.0
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
($0.2)
(b)
Entergy Texas


(a)
Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.
(b)
Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.
Assets and liabilities at fair value on a recurring basis
Entergy Louisiana
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$50.1

 

$—

 

$—

 

$50.1

Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 
6.9

 
—

 
—

 
6.9

Debt securities
 
137.0

 
299.2

 
—

 
436.2

Common trusts (b)
 
 
 
 
 
 
 
651.7

Escrow accounts
 
305.2

 
—

 
—

 
305.2

Securitization recovery trust account
 
3.0

 
—

 
—

 
3.0

Gas hedge contracts
 
12.8

 
—

 
—

 
12.8

FTRs
 
—

 
—

 
16.2

 
16.2

 
 

$515.0

 

$299.2

 

$16.2

 

$1,482.1


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$34.8

 

$—

 

$—

 

$34.8

Decommissioning trust funds (a):
 
 

 
 

 
 

 
 

Equity securities
 
7.1

 
—

 
—

 
7.1

Debt securities
 
161.1

 
248.8

 
—

 
409.9

Common trusts (b)
 
 
 
 
 
 
 
625.3

Escrow accounts
 
290.4

 
—

 
—

 
290.4

Securitization recovery trust account
 
3.2

 
—

 
—

 
3.2

FTRs
 
—

 
—

 
8.5

 
8.5

 
 

$496.6

 

$248.8

 

$8.5

 

$1,379.2

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Gas hedge contracts
 

$7.0

 

$—

 

$—

 

$7.0
Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$3.7

 

$3.3

 

$0.9

 

$0.6

 

$0.9

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
(3.0
)
 
16.4

 
2.4

 
—

 
3.2

Settlements
(5.5
)
 
(21.6
)
 
(3.6
)
 
(1.4
)
 
(5.4
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$0.6

 

$8.8

 

$0.9

 

$1.4

 

$3.4

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
21.1

 
(2.4
)
 
2.5

 
2.5

 
(5.7
)
Settlements
(19.6
)
 
(17.3
)
 
(3.9
)
 
(4.5
)
 
(1.2
)
Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$7.9

 

$8.5

 

$2.4

 

$1.5

 

$2.2

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
0.6

 
21.7

 
1.7

 
(0.4
)
 
3.4

Settlements
(13.3
)
 
(32.1
)
 
(4.4
)
 
(1.9
)
 
(6.9
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$0.7

 

$25.5

 

$3.4

 

$4.1

 

$12.3

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
36.1

 
(4.7
)
 
3.3

 
1.3

 
(16.0
)
Settlements
(34.7
)
 
(31.7
)
 
(7.2
)
 
(6.0
)
 
0.2

Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9
Entergy Mississippi [Member]  
Fair Values Of Derivative Instruments
The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of June 30, 2016 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
Natural gas swaps
 
Prepayments and other
 
$12.8
 
Entergy Louisiana
Natural gas swaps
 
Prepayments and other
 
$2.7
 
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$14.0
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$16.2
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$5.6
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$2.0
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$8.0
 
Entergy Texas

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$7.9
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$8.5
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$2.4
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$1.5
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$2.2
 
Entergy Texas
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Natural gas swaps
 
Other current liabilities
 
$7.0
 
Entergy Louisiana
Natural gas swaps
 
Other current liabilities
 
$1.3
 
Entergy Mississippi
Natural gas swaps
 
Other current liabilities
 
$0.5
 
Entergy New Orleans

(a)
Excludes letters of credit in the amount of $1.4 million posted by Entergy Texas as of June 30, 2016. No cash collateral was required to be posted as of June 30, 2016 and December 31, 2015, respectively.
Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income
The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Income Statement Location
 
Amount of gain
(loss) recorded
in the income statement
 
Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($4.9)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.9)
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$5.5
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$21.6
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.6
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.4
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$5.4
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$2.5
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$0.6
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$19.6
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$17.3
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.9
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$4.5
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$1.2
(b)
Entergy Texas



The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2016 and 2015 are as follows:
Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 

 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($24.2)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($5.0)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$13.3
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$32.1
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$4.4
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.9
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$6.9
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($13.5)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($2.4)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$34.7
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$31.7
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$7.2
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$6.0
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
($0.2)
(b)
Entergy Texas


(a)
Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.
(b)
Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.
Assets and liabilities at fair value on a recurring basis
Entergy Mississippi
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$105.3

 

$—

 

$—

 

$105.3

Escrow accounts
 
31.8

 
—

 
—

 
31.8

Gas hedge contracts
 
2.7

 
—

 
—

 
2.7

FTRs
 
—

 
—

 
5.6

 
5.6

 
 

$139.8

 

$—

 

$5.6

 

$145.4


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$144.2

 

$—

 

$—

 

$144.2

Escrow accounts
 
41.7

 
—

 
—

 
41.7

FTRs
 
—

 
—

 
2.4

 
2.4

 
 

$185.9

 

$—

 

$2.4

 

$188.3

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Gas hedge contracts
 

$1.3

 

$—

 

$—

 

$1.3
Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$3.7

 

$3.3

 

$0.9

 

$0.6

 

$0.9

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
(3.0
)
 
16.4

 
2.4

 
—

 
3.2

Settlements
(5.5
)
 
(21.6
)
 
(3.6
)
 
(1.4
)
 
(5.4
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$0.6

 

$8.8

 

$0.9

 

$1.4

 

$3.4

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
21.1

 
(2.4
)
 
2.5

 
2.5

 
(5.7
)
Settlements
(19.6
)
 
(17.3
)
 
(3.9
)
 
(4.5
)
 
(1.2
)
Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$7.9

 

$8.5

 

$2.4

 

$1.5

 

$2.2

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
0.6

 
21.7

 
1.7

 
(0.4
)
 
3.4

Settlements
(13.3
)
 
(32.1
)
 
(4.4
)
 
(1.9
)
 
(6.9
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$0.7

 

$25.5

 

$3.4

 

$4.1

 

$12.3

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
36.1

 
(4.7
)
 
3.3

 
1.3

 
(16.0
)
Settlements
(34.7
)
 
(31.7
)
 
(7.2
)
 
(6.0
)
 
0.2

Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9
Entergy New Orleans [Member]  
Fair Values Of Derivative Instruments
The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of June 30, 2016 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
Natural gas swaps
 
Prepayments and other
 
$12.8
 
Entergy Louisiana
Natural gas swaps
 
Prepayments and other
 
$2.7
 
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$14.0
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$16.2
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$5.6
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$2.0
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$8.0
 
Entergy Texas

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$7.9
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$8.5
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$2.4
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$1.5
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$2.2
 
Entergy Texas
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Natural gas swaps
 
Other current liabilities
 
$7.0
 
Entergy Louisiana
Natural gas swaps
 
Other current liabilities
 
$1.3
 
Entergy Mississippi
Natural gas swaps
 
Other current liabilities
 
$0.5
 
Entergy New Orleans

(a)
Excludes letters of credit in the amount of $1.4 million posted by Entergy Texas as of June 30, 2016. No cash collateral was required to be posted as of June 30, 2016 and December 31, 2015, respectively.
Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income
The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Income Statement Location
 
Amount of gain
(loss) recorded
in the income statement
 
Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($4.9)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.9)
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$5.5
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$21.6
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.6
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.4
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$5.4
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$2.5
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$0.6
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$19.6
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$17.3
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.9
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$4.5
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$1.2
(b)
Entergy Texas



The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2016 and 2015 are as follows:
Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 

 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($24.2)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($5.0)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$13.3
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$32.1
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$4.4
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.9
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$6.9
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($13.5)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($2.4)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$34.7
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$31.7
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$7.2
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$6.0
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
($0.2)
(b)
Entergy Texas


(a)
Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.
(b)
Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.
Assets and liabilities at fair value on a recurring basis
Entergy New Orleans
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$23.4

 

$—

 

$—

 

$23.4

Securitization recovery trust account
 
1.3

 
—

 
—

 
1.3

Escrow accounts
 
88.3

 
—

 
—

 
88.3

FTRs
 
—

 
—

 
2.0

 
2.0

 
 

$113.0

 

$—

 

$2.0

 

$115.0


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$87.8

 

$—

 

$—

 

$87.8

Securitization recovery trust account
 
4.6

 
—

 
—

 
4.6

Escrow accounts
 
81.0

 
—

 
—

 
81.0

FTRs
 
—

 
—

 
1.5

 
1.5

 
 

$173.4

 

$—

 

$1.5

 

$174.9

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Gas hedge contracts
 

$0.5

 

$—

 

$—

 

$0.5
Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$3.7

 

$3.3

 

$0.9

 

$0.6

 

$0.9

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
(3.0
)
 
16.4

 
2.4

 
—

 
3.2

Settlements
(5.5
)
 
(21.6
)
 
(3.6
)
 
(1.4
)
 
(5.4
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$0.6

 

$8.8

 

$0.9

 

$1.4

 

$3.4

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
21.1

 
(2.4
)
 
2.5

 
2.5

 
(5.7
)
Settlements
(19.6
)
 
(17.3
)
 
(3.9
)
 
(4.5
)
 
(1.2
)
Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$7.9

 

$8.5

 

$2.4

 

$1.5

 

$2.2

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
0.6

 
21.7

 
1.7

 
(0.4
)
 
3.4

Settlements
(13.3
)
 
(32.1
)
 
(4.4
)
 
(1.9
)
 
(6.9
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$0.7

 

$25.5

 

$3.4

 

$4.1

 

$12.3

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
36.1

 
(4.7
)
 
3.3

 
1.3

 
(16.0
)
Settlements
(34.7
)
 
(31.7
)
 
(7.2
)
 
(6.0
)
 
0.2

Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9
Entergy Texas [Member]  
Fair Values Of Derivative Instruments
The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of June 30, 2016 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
Natural gas swaps
 
Prepayments and other
 
$12.8
 
Entergy Louisiana
Natural gas swaps
 
Prepayments and other
 
$2.7
 
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$14.0
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$16.2
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$5.6
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$2.0
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$8.0
 
Entergy Texas

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:
Instrument
 
Balance Sheet Location
 
Fair Value (a)
 
Registrant
 
 
 
 
(In Millions)
 
 
Assets:
 
 
 
 
 
 
FTRs
 
Prepayments and other
 
$7.9
 
Entergy Arkansas
FTRs
 
Prepayments and other
 
$8.5
 
Entergy Louisiana
FTRs
 
Prepayments and other
 
$2.4
 
Entergy Mississippi
FTRs
 
Prepayments and other
 
$1.5
 
Entergy New Orleans
FTRs
 
Prepayments and other
 
$2.2
 
Entergy Texas
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Natural gas swaps
 
Other current liabilities
 
$7.0
 
Entergy Louisiana
Natural gas swaps
 
Other current liabilities
 
$1.3
 
Entergy Mississippi
Natural gas swaps
 
Other current liabilities
 
$0.5
 
Entergy New Orleans

(a)
Excludes letters of credit in the amount of $1.4 million posted by Entergy Texas as of June 30, 2016. No cash collateral was required to be posted as of June 30, 2016 and December 31, 2015, respectively.
Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income
The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended June 30, 2016 and 2015 are as follows:
Instrument
 
Income Statement Location
 
Amount of gain
(loss) recorded
in the income statement
 
Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($4.9)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.9)
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$5.5
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$21.6
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.6
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.4
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$5.4
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$2.5
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
$0.6
(a)
Entergy Mississippi
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$19.6
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$17.3
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$3.9
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$4.5
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$1.2
(b)
Entergy Texas



The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2016 and 2015 are as follows:
Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant
 
 
 
 
(In Millions)
 
 
2016
 
 
 

 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($24.2)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($5.0)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$13.3
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$32.1
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$4.4
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$1.9
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
$6.9
(b)
Entergy Texas
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($13.5)
(a)
Entergy Louisiana
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($2.4)
(a)
Entergy Mississippi
Natural gas swaps
 
Fuel, fuel-related expenses, and gas purchased for resale
 
($0.5)
(a)
Entergy New Orleans
 
 
 
 
 
 
 
FTRs
 
Purchased power expense
 
$34.7
(b)
Entergy Arkansas
FTRs
 
Purchased power expense
 
$31.7
(b)
Entergy Louisiana
FTRs
 
Purchased power expense
 
$7.2
(b)
Entergy Mississippi
FTRs
 
Purchased power expense
 
$6.0
(b)
Entergy New Orleans
FTRs
 
Purchased power expense
 
($0.2)
(b)
Entergy Texas


(a)
Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.
(b)
Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.
Assets and liabilities at fair value on a recurring basis
Entergy Texas
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$54.6

 

$—

 

$—

 

$54.6

Securitization recovery trust account
 
29.4

 
—

 
—

 
29.4

FTRs
 
—

 
—

 
8.0

 
8.0

 
 

$84.0

 

$—

 

$8.0

 

$92.0


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Securitization recovery trust account
 

$38.2

 

$—

 

$—

 

$38.2

FTRs
 
—

 
—

 
2.2

 
2.2

 
 

$38.2

 

$—

 

$2.2

 

$40.4
Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$3.7

 

$3.3

 

$0.9

 

$0.6

 

$0.9

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
(3.0
)
 
16.4

 
2.4

 
—

 
3.2

Settlements
(5.5
)
 
(21.6
)
 
(3.6
)
 
(1.4
)
 
(5.4
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of April 1,

$0.6

 

$8.8

 

$0.9

 

$1.4

 

$3.4

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
21.1

 
(2.4
)
 
2.5

 
2.5

 
(5.7
)
Settlements
(19.6
)
 
(17.3
)
 
(3.9
)
 
(4.5
)
 
(1.2
)
Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2016.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$7.9

 

$8.5

 

$2.4

 

$1.5

 

$2.2

Issuances of FTRs
18.8

 
18.1

 
5.9

 
2.8

 
9.3

Gains (losses) included as a regulatory liability/asset
0.6

 
21.7

 
1.7

 
(0.4
)
 
3.4

Settlements
(13.3
)
 
(32.1
)
 
(4.4
)
 
(1.9
)
 
(6.9
)
Balance as of June 30,

$14.0

 

$16.2

 

$5.6

 

$2.0

 

$8.0


The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2015.
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New
Orleans
 
Entergy
Texas
 
(In Millions)
Balance as of January 1,

$0.7

 

$25.5

 

$3.4

 

$4.1

 

$12.3

Issuances of FTRs
7.0

 
48.2

 
5.4

 
7.3

 
11.4

Gains (losses) included as a regulatory liability/asset
36.1

 
(4.7
)
 
3.3

 
1.3

 
(16.0
)
Settlements
(34.7
)
 
(31.7
)
 
(7.2
)
 
(6.0
)
 
0.2

Balance as of June 30,

$9.1

 

$37.3

 

$4.9

 

$6.7

 

$7.9
System Energy [Member]  
Assets and liabilities at fair value on a recurring basis
System Energy
2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$138.0

 

$—

 

$—

 

$138.0

Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 
0.7

 
—

 
—

 
0.7

Debt securities
 
247.4

 
56.3

 
—

 
303.7

Common trusts (b)
 
 
 
 
 
 
 
436.7

 
 

$386.1

 

$56.3

 

$—

 

$879.1


2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In Millions)
Assets:
 
 
 
 
 
 
 
 
Temporary cash investments
 

$222.0

 

$—

 

$—

 

$222.0

Decommissioning trust funds (a):
 
 
 
 
 
 
 
 
Equity securities
 
1.8

 
—

 
—

 
1.8

Debt securities
 
218.6

 
59.2

 
—

 
277.8

Common trusts (b)
 
 
 
 
 
 
 
421.9

 
 

$442.4

 

$59.2

 

$—

 

$923.5