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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.

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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.

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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.

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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.

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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.

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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.

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, 2020 were Utility and Entergy Wholesale Commodities. Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana. 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 includes the ownership of 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 2020 and 2019 was as follows:



	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$2,689,186	$214,371	$25	($14)	$2,903,568
Income taxes	$143,622	$12,321	($6,499)	$—	$149,444
Consolidated net income (loss)	$555,583	$30,773	($28,758)	($31,899)	$525,699

2019
Operating revenues	$2,840,222	$300,363	$9	($19)	$3,140,575
Income taxes	$71,698	($30,855)	($11,642)	$—	$29,201
Consolidated net income (loss)	$581,964	($140,501)	($40,105)	($31,899)	$369,459

Entergy’s segment financial information for the nine months ended September 30, 2020 and 2019 was as follows:


	Utility	Entergy Wholesale Commodities	All Other	Eliminations	Entergy
	(In Thousands)
2020
Operating revenues	$6,996,876	$746,629	$54	($25)	$7,743,534
Income taxes	$164,383	$6,249	($3,266)	$—	$167,366
Consolidated net income (loss)	$1,228,333	$5,523	($124,056)	($95,695)	$1,014,105
Total assets as of September 30, 2020	$53,825,473	$3,743,167	$519,264	($2,017,653)	$56,070,251
2019
Operating revenues	$7,392,641	$1,023,757	$11	($42)	$8,416,367
Income taxes	$81,283	$25,763	($33,616)	$—	$73,430
Consolidated net income (loss)	$1,150,863	($68,804)	($117,725)	($95,695)	$868,639
Total assets as of December 31, 2019	$49,557,664	$4,154,961	$514,020	($2,502,733)	$51,723,912

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.” Eliminations were primarily intersegment activity. Almost all of Entergy’s goodwill was 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 shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the third quarters of 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of July 1,	$153	$14	$167	$181	$14	$195
Restructuring costs accrued	19	—	19	14	—	14

Cash paid out	1	—	1	86	—	86
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $4 million in the third quarter 2020 and $8 million in the third quarter 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the nine months ended September 30, 2020 and 2019 were comprised of the following:


	2020			2019
	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total	Employee retention and severance expenses and other benefits-related costs	Contracted economic development costs	Total
	(In Millions)
Balance as of January 1,	$129	$14	$143	$179	$14	$193
Restructuring costs accrued	57	—	57	70	—	70
Cash paid out	15	—	15	140	—	140
Balance as of September 30,	$171	$14	$185	$109	$14	$123

In addition, Entergy Wholesale Commodities incurred $16 million in the nine months ended September 30, 2020 and $98 million in the nine months ended September 30, 2019 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $70 million in 2020, of which $57 million has been incurred as of September 30, 2020, and a total of approximately $55 million from 2021 through 2022.

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.