Revolving Credit Facilities, Lines Of Credit, Short-Term Borrowings, And Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2021

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Following is a summary of the borrowings outstanding and capacity available under the facility as of March 31, 2021.

Capacity	Borrowings	Letters of Credit	Capacity Available
(In Millions)
$3,500	$55	$6	$3,439

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2021:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	MISO Letters of Credit Issued as of March 31, 2021 (a) (b)
Entergy Arkansas	$25 million	0.78%	$1 million
Entergy Louisiana	$125 million	0.78%	$12.8 million
Entergy Mississippi	$65 million	0.78%	$1 million
Entergy New Orleans	$15 million	1.00%	$2 million
Entergy Texas	$50 million	0.70%	$30.2 million

(a)As of March 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Arkansas, $0.2 million for Entergy Louisiana, $0.4 million for Entergy Mississippi, and $0.1 million for Entergy New Orleans. See Note 8 to the financial statements herein for discussion of financial transmission rights.

(b)As of March 31, 2021, in addition to the $1 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2021:

Company	Expiration Date	Amount of Facility	Weighted  Average Interest  Rate on  Borrowings (a)	Amount Outstanding as of March 31, 2021
		(Dollars in Millions)
Entergy Arkansas VIE	September 2022	$80	1.26%	$4.8
Entergy Louisiana River Bend VIE	September 2022	$105	1.24%	$70.5
Entergy Louisiana Waterford VIE	September 2022	$105	1.25%	$73.2
System Energy VIE	September 2022	$120	1.23%	$63.4

(a)Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2021 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	2.51% Series V due June 2027	$70 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	2.05% Series K due September 2027	$90 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Arkansas [Member]

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2021 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2021	Letters of Credit Outstanding as of March 31, 2021
Entergy Arkansas	April 2022	$25 million (b)	2.75%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	1.21%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	1.21%	$—	$—
Entergy Mississippi	April 2022	$37.5 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$35 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$10 million (d)	1.58%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	1.36%	$—	$—
Entergy Texas	September 2024	$150 million (c)	1.58%	$—	$1.3 million

(a)The interest rate is the estimated interest rate as of March 31, 2021 that would have been applied to outstanding borrowings under the facility.

(b)Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d)Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2021:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	MISO Letters of Credit Issued as of March 31, 2021 (a) (b)
Entergy Arkansas	$25 million	0.78%	$1 million
Entergy Louisiana	$125 million	0.78%	$12.8 million
Entergy Mississippi	$65 million	0.78%	$1 million
Entergy New Orleans	$15 million	1.00%	$2 million
Entergy Texas	$50 million	0.70%	$30.2 million

(a)As of March 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Arkansas, $0.2 million for Entergy Louisiana, $0.4 million for Entergy Mississippi, and $0.1 million for Entergy New Orleans. See Note 8 to the financial statements herein for discussion of financial transmission rights.

(b)As of March 31, 2021, in addition to the $1 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2021:

Company	Expiration Date	Amount of Facility	Weighted  Average Interest  Rate on  Borrowings (a)	Amount Outstanding as of March 31, 2021
		(Dollars in Millions)
Entergy Arkansas VIE	September 2022	$80	1.26%	$4.8
Entergy Louisiana River Bend VIE	September 2022	$105	1.24%	$70.5
Entergy Louisiana Waterford VIE	September 2022	$105	1.25%	$73.2
System Energy VIE	September 2022	$120	1.23%	$63.4

(a)Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2021 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	2.51% Series V due June 2027	$70 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	2.05% Series K due September 2027	$90 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Louisiana [Member]

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2021 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2021	Letters of Credit Outstanding as of March 31, 2021
Entergy Arkansas	April 2022	$25 million (b)	2.75%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	1.21%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	1.21%	$—	$—
Entergy Mississippi	April 2022	$37.5 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$35 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$10 million (d)	1.58%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	1.36%	$—	$—
Entergy Texas	September 2024	$150 million (c)	1.58%	$—	$1.3 million

(a)The interest rate is the estimated interest rate as of March 31, 2021 that would have been applied to outstanding borrowings under the facility.

(b)Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d)Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2021:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	MISO Letters of Credit Issued as of March 31, 2021 (a) (b)
Entergy Arkansas	$25 million	0.78%	$1 million
Entergy Louisiana	$125 million	0.78%	$12.8 million
Entergy Mississippi	$65 million	0.78%	$1 million
Entergy New Orleans	$15 million	1.00%	$2 million
Entergy Texas	$50 million	0.70%	$30.2 million

(a)As of March 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Arkansas, $0.2 million for Entergy Louisiana, $0.4 million for Entergy Mississippi, and $0.1 million for Entergy New Orleans. See Note 8 to the financial statements herein for discussion of financial transmission rights.

(b)As of March 31, 2021, in addition to the $1 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2021:

Company	Expiration Date	Amount of Facility	Weighted  Average Interest  Rate on  Borrowings (a)	Amount Outstanding as of March 31, 2021
		(Dollars in Millions)
Entergy Arkansas VIE	September 2022	$80	1.26%	$4.8
Entergy Louisiana River Bend VIE	September 2022	$105	1.24%	$70.5
Entergy Louisiana Waterford VIE	September 2022	$105	1.25%	$73.2
System Energy VIE	September 2022	$120	1.23%	$63.4

(a)Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2021 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	2.51% Series V due June 2027	$70 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	2.05% Series K due September 2027	$90 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Mississippi [Member]

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2021 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2021	Letters of Credit Outstanding as of March 31, 2021
Entergy Arkansas	April 2022	$25 million (b)	2.75%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	1.21%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	1.21%	$—	$—
Entergy Mississippi	April 2022	$37.5 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$35 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$10 million (d)	1.58%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	1.36%	$—	$—
Entergy Texas	September 2024	$150 million (c)	1.58%	$—	$1.3 million

(a)The interest rate is the estimated interest rate as of March 31, 2021 that would have been applied to outstanding borrowings under the facility.

(b)Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d)Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2021:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	MISO Letters of Credit Issued as of March 31, 2021 (a) (b)
Entergy Arkansas	$25 million	0.78%	$1 million
Entergy Louisiana	$125 million	0.78%	$12.8 million
Entergy Mississippi	$65 million	0.78%	$1 million
Entergy New Orleans	$15 million	1.00%	$2 million
Entergy Texas	$50 million	0.70%	$30.2 million

(a)As of March 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Arkansas, $0.2 million for Entergy Louisiana, $0.4 million for Entergy Mississippi, and $0.1 million for Entergy New Orleans. See Note 8 to the financial statements herein for discussion of financial transmission rights.

(b)As of March 31, 2021, in addition to the $1 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy New Orleans [Member]

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2021 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2021	Letters of Credit Outstanding as of March 31, 2021
Entergy Arkansas	April 2022	$25 million (b)	2.75%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	1.21%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	1.21%	$—	$—
Entergy Mississippi	April 2022	$37.5 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$35 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$10 million (d)	1.58%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	1.36%	$—	$—
Entergy Texas	September 2024	$150 million (c)	1.58%	$—	$1.3 million

(a)The interest rate is the estimated interest rate as of March 31, 2021 that would have been applied to outstanding borrowings under the facility.

(b)Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d)Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2021:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	MISO Letters of Credit Issued as of March 31, 2021 (a) (b)
Entergy Arkansas	$25 million	0.78%	$1 million
Entergy Louisiana	$125 million	0.78%	$12.8 million
Entergy Mississippi	$65 million	0.78%	$1 million
Entergy New Orleans	$15 million	1.00%	$2 million
Entergy Texas	$50 million	0.70%	$30.2 million

(a)As of March 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Arkansas, $0.2 million for Entergy Louisiana, $0.4 million for Entergy Mississippi, and $0.1 million for Entergy New Orleans. See Note 8 to the financial statements herein for discussion of financial transmission rights.

(b)As of March 31, 2021, in addition to the $1 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

Entergy Texas [Member]

Summary Of The Borrowings Outstanding And Capacity Available Under The Facility

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2021 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of March 31, 2021	Letters of Credit Outstanding as of March 31, 2021
Entergy Arkansas	April 2022	$25 million (b)	2.75%	$—	$—
Entergy Arkansas	September 2024	$150 million (c)	1.21%	$—	$—
Entergy Louisiana	September 2024	$350 million (c)	1.21%	$—	$—
Entergy Mississippi	April 2022	$37.5 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$35 million (d)	1.58%	$—	$—
Entergy Mississippi	April 2022	$10 million (d)	1.58%	$—	$—
Entergy New Orleans	November 2021	$25 million (c)	1.36%	$—	$—
Entergy Texas	September 2024	$150 million (c)	1.58%	$—	$1.3 million

(a)The interest rate is the estimated interest rate as of March 31, 2021 that would have been applied to outstanding borrowings under the facility.

(b)Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.

(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $10 million for Entergy New Orleans; and $30 million for Entergy Texas.

(d)Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable at Entergy Mississippi’s option.

Uncommitted Standby Letter of Credit Facilities to Support MISO Obligations [Table Text Block]

Following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2021:

Company	Amount of Uncommitted Facility	Letter of Credit Fee	MISO Letters of Credit Issued as of March 31, 2021 (a) (b)
Entergy Arkansas	$25 million	0.78%	$1 million
Entergy Louisiana	$125 million	0.78%	$12.8 million
Entergy Mississippi	$65 million	0.78%	$1 million
Entergy New Orleans	$15 million	1.00%	$2 million
Entergy Texas	$50 million	0.70%	$30.2 million

(a)As of March 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Arkansas, $0.2 million for Entergy Louisiana, $0.4 million for Entergy Mississippi, and $0.1 million for Entergy New Orleans. See Note 8 to the financial statements herein for discussion of financial transmission rights.

(b)As of March 31, 2021, in addition to the $1 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

System Energy [Member]

Short-Term Borrowings And The Outstanding Short-Term Borrowings

The following were the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	$—
Entergy Louisiana	$450	$—
Entergy Mississippi	$175	$—
Entergy New Orleans	$150	$25
Entergy Texas	$200	$31
System Energy	$200	$—

Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel

To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs have commercial paper programs in place. Following is a summary as of March 31, 2021:

Company	Expiration Date	Amount of Facility	Weighted  Average Interest  Rate on  Borrowings (a)	Amount Outstanding as of March 31, 2021
		(Dollars in Millions)
Entergy Arkansas VIE	September 2022	$80	1.26%	$4.8
Entergy Louisiana River Bend VIE	September 2022	$105	1.24%	$70.5
Entergy Louisiana Waterford VIE	September 2022	$105	1.25%	$73.2
System Energy VIE	September 2022	$120	1.23%	$63.4

(a)Includes letter of credit fees and bank fronting fees on commercial paper issuances, if any, by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.

Notes Payable By Variable Interest Entities

The nuclear fuel company variable interest entities had notes payable that were included in debt on the respective balance sheets as of March 31, 2021 as follows:

Company	Description	Amount
Entergy Arkansas VIE	3.65% Series L due July 2021	$90 million
Entergy Arkansas VIE	3.17% Series M due December 2023	$40 million
Entergy Louisiana River Bend VIE	2.51% Series V due June 2027	$70 million
Entergy Louisiana Waterford VIE	3.22% Series I due December 2023	$20 million
System Energy VIE	2.05% Series K due September 2027	$90 million

Book Value And The Fair Value Of Long-Term Debt

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2021 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$24,704,475	$25,716,967
Entergy Arkansas	$3,958,751	$4,126,514
Entergy Louisiana	$10,059,885	$10,681,713
Entergy Mississippi	$1,981,429	$2,084,891
Entergy New Orleans	$642,412	$584,475
Entergy Texas	$2,465,827	$2,545,973
System Energy	$768,969	$785,758

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2020 were as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a)
	(In Thousands)
Entergy	$22,369,776	$24,813,818
Entergy Arkansas	$3,967,507	$4,355,632
Entergy Louisiana	$9,027,451	$10,258,294
Entergy Mississippi	$1,780,577	$2,021,432
Entergy New Orleans	$642,233	$620,634
Entergy Texas	$2,493,708	$2,765,193
System Energy	$805,274	$840,540

(a)Fair values were classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements herein.