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Business Segment Information
 9 Months Ended
Sep. 30, 2017
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Arkansas [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Louisiana [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Mississippi [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy New Orleans [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Texas [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
System Energy [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of September 30, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also provides services to other nuclear power plant owners and owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the third quarters of 2017 and 2016 is as follows:    
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,820,421

 

$423,245

 

$—

 

($38
)
 

$3,243,628

Income taxes
 

$230,647

 

$25,563

 

($14,415
)
 

$—

 

$241,795

Consolidated net income (loss)
 

$403,733

 

$55,765

 

($25,956
)
 

($31,898
)
 

$401,644

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,649,392

 

$475,345

 

$—

 

($34
)
 

$3,124,703

Income taxes
 

$255,603

 

$6,115

 

($3,812
)
 

$—

 

$257,906

Consolidated net income (loss)
 

$447,782

 

$8,221

 

($30,901
)
 

($31,898
)
 

$393,204

 
 
 
 
 
 
 
 
 
 
 

Entergy’s segment financial information for the nine months ended September 30, 2017 and 2016 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2017
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$7,156,865

 

$1,293,867

 

$—

 

($96
)
 

$8,450,636

Income taxes
 

$459,990

 

($507,719
)
 

($39,826
)
 

$—

 

($87,555
)
Consolidated net income (loss)
 

$817,738

 

$252,455

 

($73,434
)
 

($95,695
)
 

$901,064

Total assets as of September 30, 2017
 

$42,669,606

 

$5,630,207

 

$985,466

 

($2,886,837
)
 

$46,398,442

2016
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$6,855,664

 

$1,341,534

 

$—

 

($80
)
 

$8,197,118

Income taxes
 

$359,653

 

($176,626
)
 

($34,148
)
 

$—

 

$148,879

Consolidated net income (loss)
 

$1,027,751

 

$338,651

 

($69,672
)
 

($95,695
)
 

$1,201,035

Total assets as of December 31, 2016
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434


The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.
As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to reduce the size of the merchant fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions in 2016.

Additional restructuring charges for the third quarter 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of July 1, 2017

$36

 

$21

 

$57

Restructuring costs accrued
23

 
—

 
23

Non-cash portion
—

 
(7
)
 
(7
)
Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $16 million of impairment charges in the third quarter 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets. These costs are charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet.
    
Additional restructuring charges for the nine months ended September 30, 2017 were comprised of the following:
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1, 2017

$70

 

$21

 

$91

Restructuring costs accrued
89

 
—

 
89

Non-cash portion
—

 
(7
)
 
(7
)
Cash paid out
100

 
—

 
100

Balance as of September 30, 2017

$59

 

$14

 

$73


In addition, Entergy incurred $422 million of impairment charges in the nine months ended September 30, 2017 related to nuclear fuel spending, nuclear refueling outage spending, and expenditures for capital assets.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.