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Risk Management And Fair Values (Tables)

6 Months Ended

Jun. 30, 2022

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of June 30, 2022 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.

Instrument

Balance Sheet Location

Gross Fair Value (a)

Offsetting Position (b)

Net Fair Value (c) (d)

Business

(In Millions)

Derivatives not designated as hedging instruments

Assets:

Natural gas swaps and options

Prepayments and other

$37

$—

$37

Utility

Natural gas swaps and options

Other deferred debits and other assets

$—

Utility

Financial transmission rights

Prepayments and other

$13

($1)

$12

Utility and Entergy Wholesale Commodities

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2021 are shown in the table below.

Instrument

Balance Sheet Location

Gross Fair Value (a)

Offsetting Position (b)

Net Fair Value (c) (d)

Business

(In Millions)

Derivatives not designated as hedging instruments

Assets:

Natural gas swaps and options

Prepayments and other

$—

Utility

Natural gas swaps and options

Other deferred debits and other assets

$—

Utility

Financial transmission rights

Prepayments and other

$—

Utility and Entergy Wholesale Commodities

Liabilities:

Natural gas swaps and options

Other current liabilities

$—

Utility

(a)Represents the gross amounts of recognized assets/liabilities

(b)Represents the netting of fair value balances with the same counterparty

(c)Represents the net amounts of assets/liabilities presented on the Entergy Corporation and Subsidiaries’ Consolidated Balance Sheet

(d)Excludes cash collateral in the amount of $12 million posted as of June 30, 2022 and $8 million posted as of December 31, 2021. Also excludes letters of credit in the amount of $6 million posted as of June 30, 2022.

Derivative Instruments Designated As Cash Flow Hedges On Consolidated Statements Of Income

The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated statements of operations for the six months ended June 30, 2021 were as follows:

Instrument

Amount of gain (loss)
recognized in other
comprehensive income

Income Statement location

Amount of gain
(loss)
reclassified from
accumulated
other
comprehensive
income into
income (a)

(In Millions)

Electricity swaps and options

Competitive businesses operating revenues

$40

(a) Before taxes of $8 million for the six months ended June 30, 2021

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated statements of operations for the three months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement
location

Amount of gain (loss)
recorded in the income statement

(In Millions)

2022

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

(a)

$23

Financial transmission rights

Purchased power expense

(b)

$37

2021

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

(a)

$18

Financial transmission rights

Purchased power expense

(b)

$16

Electricity swaps and options (c)

Competitive business operating revenues

$—

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated statements of operations for the six months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement
location

Amount of gain (loss)
recorded in the income statement

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

(a)

$78

Financial transmission rights

Purchased power

(b)

$60

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

(a)

$25

Financial transmission rights

Purchased power

(b)

$144

Electricity swaps and options (c)

Competitive business operating revenues

($2)

(a)Due to regulatory treatment, the natural gas swaps and options are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as fuel expenses when the swaps and options are settled are recovered or refunded through fuel cost recovery mechanisms.

(b)Due to regulatory treatment, the changes in the estimated fair value of financial transmission rights for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability. The gains or losses recorded as purchased power expense when the financial transmission rights for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.

(c)There were no gains (losses) recognized in accumulated other comprehensive income from electricity swaps and options prior to the expiration of the Entergy Wholesale Commodities portfolio of derivative instruments in April 2021.

Assets and liabilities at fair value on a recurring basis

The following tables set forth, by level within the fair value hierarchy, Entergy’s assets and liabilities that are accounted for at fair value on a recurring basis as of June 30, 2022 and December 31, 2021. The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect its placement within the fair value hierarchy levels.


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$514	$—	$—	$514

Decommissioning trust funds (a):
Equity securities	18	—	—	18
Debt securities (b)	598	1,095	—	1,693
Common trusts (c)				2,379

Securitization recovery trust account	28	—	—	28
Escrow accounts	331	—	—	331
Gas hedge contracts	37	9	—	46
Financial transmission rights	—	—	12	12
	$1,526	$1,104	$12	$5,021


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$398	$—	$—	$398
Decommissioning trust funds (a):
Equity securities	132	—	—	132
Debt securities (b)	770	1,407	—	2,177
Common trusts (c)				3,205

Securitization recovery trust account	29	—	—	29
Escrow accounts	49	—	—	49
Gas hedge contracts	6	5	—	11
Financial transmission rights	—	—	4	4
	$1,384	$1,412	$4	$6,005
Liabilities:

Gas hedge contracts	$7	$—	$—	$7

(a)The decommissioning trust funds hold equity and fixed income securities. Equity securities are invested to approximate the returns of major market indices. Fixed income securities are held in various governmental and corporate securities. See Note 9 to the financial statements herein for additional information on the investment portfolios.

(b)The decommissioning trust funds fair value presented herein does not include the recognition pursuant to ASU 2016-13 of a credit loss valuation allowance of $0.4 million as of December 31, 2021 on debt securities. See Note 9 to the financial statements herein for additional information on the allowance for expected credit losses.

(c)Common trust funds are not publicly quoted and are valued by the fund administrators using net asset value as a practical expedient. Accordingly, these funds are not assigned a level in the fair value table. The fund administrator of these investments allows daily trading at the net asset value and trades settle at a later date.

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2022 and 2021:


	2022		2021
		Financial transmission rights		Financial transmission rights
	(In Millions)
Balance as of April 1,		$1		$4
Total gains (losses) for the period


Included as a regulatory liability/asset		32		15
Issuances of financial transmission rights		16		12

Settlements		(37)		(16)
Balance as of June 30,		$12		$15


	2022	2021
	Financial transmission rights	Power Contracts	Financial transmission rights
	(In Millions)
Balance as of January 1,	$4	$38	$9
Total gains (losses) for the period
Included in earnings	—	(2)	3
Included in other comprehensive income	—	2	—
Included as a regulatory liability/asset	52	—	135
Issuances of financial transmission rights	16	—	12

Settlements	(60)	(38)	(144)
Balance as of June 30,	$12	$—	$15

Entergy Arkansas [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of June 30, 2022 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$16.1	$—	$16.1	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$8.7	$—	$8.7	Entergy Louisiana
Natural gas swaps	Prepayments and other	$20.6	$—	$20.6	Entergy Mississippi


Financial transmission rights	Prepayments and other	$4.5	($0.1)	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$5.3	($0.6)	$4.7	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.5	$—	$0.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.7	($0.2)	$1.5	Entergy Texas

Liabilities:



Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2021 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$5.7	$—	$5.7	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$5.3	$—	$5.3	Entergy Louisiana



Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.1	$—	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Texas

Liabilities:




Natural gas swaps	Other current liabilities	$6.7	$—	$6.7	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	$—	$0.5	Entergy New Orleans

(a)Represents the gross amounts of recognized assets/liabilities

(b)Represents the netting of fair value balances with the same counterparty

(c)Represents the net amounts of assets/liabilities presented on the Registrant Subsidiaries’ balance sheets

(d)As of June 30, 2022, letters of credit posted with MISO covered financial transmission rights exposure of $0.4 million for Entergy Mississippi and $5.3 million for Entergy Texas. As of December 31, 2021, letters of credit posted with MISO covered financial transmission rights exposure of $0.2 million for Entergy Mississippi and $0.1 million for Entergy Texas.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the three months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$8.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$14.6

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($0.2)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$16.0

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$16.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$1.6

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$1.0

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$4.9

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$13.2

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.1

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$5.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$4.8

(b)

Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$19.8

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$57.4

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.9

(a)

Entergy New Orleans

Financial transmission rights

Purchased power

$23.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$25.5

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$3.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.4

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$4.9

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$6.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$18.3

(a)

Entergy Mississippi

Financial transmission rights

Purchased power

$29.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$18.2

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$7.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.0

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$82.7

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Arkansas


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$58.2	$—	$—	$58.2
Decommissioning trust funds (a):
Equity securities	4.1	—	—	4.1
Debt securities	131.6	353.2	—	484.8
Common trusts (b)				705.9


Financial transmission rights	—	—	4.4	4.4
	$193.9	$353.2	$4.4	$1,257.4


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$4.8	$—	$—	$4.8
Decommissioning trust funds (a):
Equity securities	16.7	—	—	16.7
Debt securities	119.5	406.8	—	526.3
Common trusts (b)				895.4


Financial transmission rights	—	—	2.3	2.3
	$141.0	$406.8	$2.3	$1,445.5

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the three months ended June 30, 2022.


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$0.4	$0.3	$0.2	$0.1	$0.5
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	14.6	15.2	1.7	1.3	(1.9)
Settlements	(16.0)	(16.1)	(2.2)	(1.6)	(1.0)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$1.4	$1.2	$0.3	$0.1	$0.5
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	3.0	5.4	0.8	0.9	5.4
Settlements	(3.4)	(5.9)	(0.7)	(0.8)	(4.8)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8

The following table sets forth a reconciliation of changes in the net assets for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2022.


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.3	$0.6	$0.3	$0.1	$0.8
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	20.2	24.3	2.6	2.1	1.7
Settlements	(23.5)	(25.5)	(3.2)	(2.4)	(4.9)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.7	$4.2	$0.6	$0.1	$1.6
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	27.8	14.7	7.7	2.1	82.2
Settlements	(29.5)	(18.2)	(7.9)	(2.0)	(82.7)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8

Entergy Louisiana [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$16.1	$—	$16.1	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$8.7	$—	$8.7	Entergy Louisiana
Natural gas swaps	Prepayments and other	$20.6	$—	$20.6	Entergy Mississippi


Financial transmission rights	Prepayments and other	$4.5	($0.1)	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$5.3	($0.6)	$4.7	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.5	$—	$0.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.7	($0.2)	$1.5	Entergy Texas

Liabilities:



Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2021 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$5.7	$—	$5.7	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$5.3	$—	$5.3	Entergy Louisiana



Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.1	$—	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Texas

Liabilities:




Natural gas swaps	Other current liabilities	$6.7	$—	$6.7	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	$—	$0.5	Entergy New Orleans

(a)Represents the gross amounts of recognized assets/liabilities

(b)Represents the netting of fair value balances with the same counterparty

(c)Represents the net amounts of assets/liabilities presented on the Registrant Subsidiaries’ balance sheets

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$8.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$14.6

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($0.2)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$16.0

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$16.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$1.6

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$1.0

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$4.9

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$13.2

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.1

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$5.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$4.8

(b)

Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$19.8

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$57.4

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.9

(a)

Entergy New Orleans

Financial transmission rights

Purchased power

$23.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$25.5

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$3.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.4

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$4.9

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$6.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$18.3

(a)

Entergy Mississippi

Financial transmission rights

Purchased power

$29.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$18.2

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$7.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.0

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$82.7

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Louisiana


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$65.7	$—	$—	$65.7

Decommissioning trust funds (a):
Equity securities	12.6	—	—	12.6
Debt securities	225.0	508.3	—	733.3
Common trusts (b)				1,010.6
Escrow accounts	290.1	—	—	290.1

Gas hedge contracts	16.1	8.7	—	24.8
Financial transmission rights	—	—	4.7	4.7
	$609.5	$517.0	$4.7	$2,141.8


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$18.4	$—	$—	$18.4
Decommissioning trust funds (a):
Equity securities	20.2	—	—	20.2
Debt securities	262.6	531.6	—	794.2
Common trusts (b)				1,300.1


Gas hedge contracts	5.7	5.3	—	11.0
Financial transmission rights	—	—	0.6	0.6
	$306.9	$536.9	$0.6	$2,144.5

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$0.4	$0.3	$0.2	$0.1	$0.5
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	14.6	15.2	1.7	1.3	(1.9)
Settlements	(16.0)	(16.1)	(2.2)	(1.6)	(1.0)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$1.4	$1.2	$0.3	$0.1	$0.5
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	3.0	5.4	0.8	0.9	5.4
Settlements	(3.4)	(5.9)	(0.7)	(0.8)	(4.8)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.3	$0.6	$0.3	$0.1	$0.8
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	20.2	24.3	2.6	2.1	1.7
Settlements	(23.5)	(25.5)	(3.2)	(2.4)	(4.9)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.7	$4.2	$0.6	$0.1	$1.6
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	27.8	14.7	7.7	2.1	82.2
Settlements	(29.5)	(18.2)	(7.9)	(2.0)	(82.7)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8

Entergy Mississippi [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$16.1	$—	$16.1	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$8.7	$—	$8.7	Entergy Louisiana
Natural gas swaps	Prepayments and other	$20.6	$—	$20.6	Entergy Mississippi


Financial transmission rights	Prepayments and other	$4.5	($0.1)	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$5.3	($0.6)	$4.7	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.5	$—	$0.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.7	($0.2)	$1.5	Entergy Texas

Liabilities:



Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2021 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$5.7	$—	$5.7	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$5.3	$—	$5.3	Entergy Louisiana



Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.1	$—	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Texas

Liabilities:




Natural gas swaps	Other current liabilities	$6.7	$—	$6.7	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	$—	$0.5	Entergy New Orleans

(a)Represents the gross amounts of recognized assets/liabilities

(b)Represents the netting of fair value balances with the same counterparty

(c)Represents the net amounts of assets/liabilities presented on the Registrant Subsidiaries’ balance sheets

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$8.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$14.6

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($0.2)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$16.0

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$16.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$1.6

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$1.0

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$4.9

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$13.2

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.1

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$5.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$4.8

(b)

Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$19.8

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$57.4

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.9

(a)

Entergy New Orleans

Financial transmission rights

Purchased power

$23.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$25.5

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$3.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.4

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$4.9

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$6.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$18.3

(a)

Entergy Mississippi

Financial transmission rights

Purchased power

$29.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$18.2

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$7.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.0

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$82.7

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Mississippi


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$26.1	$—	$—	$26.1
Escrow accounts	41.1	—	—	41.1
Gas hedge contracts	20.6	—	—	20.6
Financial transmission rights	—	—	0.5	0.5
	$87.8	$—	$0.5	$88.3


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$47.6	$—	$—	$47.6
Escrow accounts	48.9	—	—	48.9

Financial transmission rights	—	—	0.3	0.3
	$96.5	$—	$0.3	$96.8

Liabilities:
Gas hedge contracts	$6.7	$—	$—	$6.7

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$0.4	$0.3	$0.2	$0.1	$0.5
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	14.6	15.2	1.7	1.3	(1.9)
Settlements	(16.0)	(16.1)	(2.2)	(1.6)	(1.0)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$1.4	$1.2	$0.3	$0.1	$0.5
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	3.0	5.4	0.8	0.9	5.4
Settlements	(3.4)	(5.9)	(0.7)	(0.8)	(4.8)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.3	$0.6	$0.3	$0.1	$0.8
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	20.2	24.3	2.6	2.1	1.7
Settlements	(23.5)	(25.5)	(3.2)	(2.4)	(4.9)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.7	$4.2	$0.6	$0.1	$1.6
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	27.8	14.7	7.7	2.1	82.2
Settlements	(29.5)	(18.2)	(7.9)	(2.0)	(82.7)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8

Entergy New Orleans [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$16.1	$—	$16.1	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$8.7	$—	$8.7	Entergy Louisiana
Natural gas swaps	Prepayments and other	$20.6	$—	$20.6	Entergy Mississippi


Financial transmission rights	Prepayments and other	$4.5	($0.1)	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$5.3	($0.6)	$4.7	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.5	$—	$0.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.7	($0.2)	$1.5	Entergy Texas

Liabilities:



Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2021 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$5.7	$—	$5.7	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$5.3	$—	$5.3	Entergy Louisiana



Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.1	$—	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Texas

Liabilities:




Natural gas swaps	Other current liabilities	$6.7	$—	$6.7	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	$—	$0.5	Entergy New Orleans

(a)Represents the gross amounts of recognized assets/liabilities

(b)Represents the netting of fair value balances with the same counterparty

(c)Represents the net amounts of assets/liabilities presented on the Registrant Subsidiaries’ balance sheets

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$8.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$14.6

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($0.2)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$16.0

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$16.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$1.6

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$1.0

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$4.9

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$13.2

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.1

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$5.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$4.8

(b)

Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$19.8

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$57.4

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.9

(a)

Entergy New Orleans

Financial transmission rights

Purchased power

$23.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$25.5

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$3.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.4

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$4.9

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$6.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$18.3

(a)

Entergy Mississippi

Financial transmission rights

Purchased power

$29.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$18.2

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$7.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.0

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$82.7

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy New Orleans


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$25.7	$—	$—	$25.7
Securitization recovery trust account	1.7	—	—	1.7


Financial transmission rights	—	—	0.6	0.6
	$27.4	$—	$0.6	$28.0

Liabilities:
Gas hedge contracts	$0.2	$—	$—	$0.2


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$42.8	$—	$—	$42.8
Securitization recovery trust account	2.0	—	—	2.0


Financial transmission rights	—	—	0.1	0.1
	$44.8	$—	$0.1	$44.9

Liabilities:
Gas hedge contracts	$0.5	$—	$—	$0.5

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$0.4	$0.3	$0.2	$0.1	$0.5
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	14.6	15.2	1.7	1.3	(1.9)
Settlements	(16.0)	(16.1)	(2.2)	(1.6)	(1.0)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$1.4	$1.2	$0.3	$0.1	$0.5
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	3.0	5.4	0.8	0.9	5.4
Settlements	(3.4)	(5.9)	(0.7)	(0.8)	(4.8)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.3	$0.6	$0.3	$0.1	$0.8
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	20.2	24.3	2.6	2.1	1.7
Settlements	(23.5)	(25.5)	(3.2)	(2.4)	(4.9)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.7	$4.2	$0.6	$0.1	$1.6
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	27.8	14.7	7.7	2.1	82.2
Settlements	(29.5)	(18.2)	(7.9)	(2.0)	(82.7)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8

Entergy Texas [Member]

Fair Values Of Derivative Instruments


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$16.1	$—	$16.1	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$8.7	$—	$8.7	Entergy Louisiana
Natural gas swaps	Prepayments and other	$20.6	$—	$20.6	Entergy Mississippi


Financial transmission rights	Prepayments and other	$4.5	($0.1)	$4.4	Entergy Arkansas
Financial transmission rights	Prepayments and other	$5.3	($0.6)	$4.7	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.5	$—	$0.5	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy New Orleans
Financial transmission rights	Prepayments and other	$1.7	($0.2)	$1.5	Entergy Texas

Liabilities:



Natural gas swaps	Other current liabilities	$0.2	$—	$0.2	Entergy New Orleans

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2021 were as follows:


Instrument	Balance Sheet Location	Gross Fair Value (a)	Offsetting Position (b)	Net Fair Value (c) (d)	Registrant
		(In Millions)
Assets:
Natural gas swaps and options	Prepayments and other	$5.7	$—	$5.7	Entergy Louisiana
Natural gas swaps and options	Other deferred debits and other assets	$5.3	$—	$5.3	Entergy Louisiana



Financial transmission rights	Prepayments and other	$2.3	$—	$2.3	Entergy Arkansas
Financial transmission rights	Prepayments and other	$0.6	$—	$0.6	Entergy Louisiana
Financial transmission rights	Prepayments and other	$0.3	$—	$0.3	Entergy Mississippi
Financial transmission rights	Prepayments and other	$0.1	$—	$0.1	Entergy New Orleans
Financial transmission rights	Prepayments and other	$0.8	$—	$0.8	Entergy Texas

Liabilities:




Natural gas swaps	Other current liabilities	$6.7	$—	$6.7	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	$—	$0.5	Entergy New Orleans

(a)Represents the gross amounts of recognized assets/liabilities

(b)Represents the netting of fair value balances with the same counterparty

(c)Represents the net amounts of assets/liabilities presented on the Registrant Subsidiaries’ balance sheets

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$8.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$14.6

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

($0.2)

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$16.0

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$16.1

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$2.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$1.6

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$1.0

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$4.9

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$13.2

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.1

(a)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$3.4

(b)

Entergy Arkansas

Financial transmission rights

Purchased power expense

$5.9

(b)

Entergy Louisiana

Financial transmission rights

Purchased power expense

$0.7

(b)

Entergy Mississippi

Financial transmission rights

Purchased power expense

$0.8

(b)

Entergy New Orleans

Financial transmission rights

Purchased power expense

$4.8

(b)

Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the six months ended June 30, 2022 and 2021 were as follows:

Instrument

Income Statement Location

Amount of gain
(loss) recorded
in the income statement

Registrant

(In Millions)

2022

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$19.8

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$57.4

(a)

Entergy Mississippi

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$0.9

(a)

Entergy New Orleans

Financial transmission rights

Purchased power

$23.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$25.5

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$3.2

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.4

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$4.9

(b)

Entergy Texas

2021

Natural gas swaps and options

Fuel, fuel-related expenses, and gas purchased for resale

$6.7

(a)

Entergy Louisiana

Natural gas swaps

Fuel, fuel-related expenses, and gas purchased for resale

$18.3

(a)

Entergy Mississippi

Financial transmission rights

Purchased power

$29.5

(b)

Entergy Arkansas

Financial transmission rights

Purchased power

$18.2

(b)

Entergy Louisiana

Financial transmission rights

Purchased power

$7.9

(b)

Entergy Mississippi

Financial transmission rights

Purchased power

$2.0

(b)

Entergy New Orleans

Financial transmission rights

Purchased power

$82.7

(b)

Entergy Texas

Assets and liabilities at fair value on a recurring basis

Entergy Texas


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$14.4	$—	$—	$14.4
Securitization recovery trust account	26.6	—	—	26.6
Financial transmission rights	—	—	1.5	1.5
	$41.0	$—	$1.5	$42.5


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:

Securitization recovery trust account	$26.6	$—	$—	$26.6
Financial transmission rights	—	—	0.8	0.8
	$26.6	$—	$0.8	$27.4

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$0.4	$0.3	$0.2	$0.1	$0.5
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	14.6	15.2	1.7	1.3	(1.9)
Settlements	(16.0)	(16.1)	(2.2)	(1.6)	(1.0)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of April 1,	$1.4	$1.2	$0.3	$0.1	$0.5
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	3.0	5.4	0.8	0.9	5.4
Settlements	(3.4)	(5.9)	(0.7)	(0.8)	(4.8)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.3	$0.6	$0.3	$0.1	$0.8
Issuances of financial transmission rights	5.4	5.3	0.8	0.8	3.9
Gains (losses) included as a regulatory liability/asset	20.2	24.3	2.6	2.1	1.7
Settlements	(23.5)	(25.5)	(3.2)	(2.4)	(4.9)
Balance as of June 30,	$4.4	$4.7	$0.5	$0.6	$1.5


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Millions)
Balance as of January 1,	$2.7	$4.2	$0.6	$0.1	$1.6
Issuances of financial transmission rights	2.8	4.1	1.7	0.4	2.7
Gains (losses) included as a regulatory liability/asset	27.8	14.7	7.7	2.1	82.2
Settlements	(29.5)	(18.2)	(7.9)	(2.0)	(82.7)
Balance as of June 30,	$3.8	$4.8	$2.1	$0.6	$3.8

System Energy [Member]

Assets and liabilities at fair value on a recurring basis

System Energy


2022	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$134.6	$—	$—	$134.6
Decommissioning trust funds (a):
Equity securities	1.7	—	—	1.7
Debt Securities	241.1	233.1	—	474.2
Common trusts (b)				662.9
	$377.4	$233.1	$—	$1,273.4


2021	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$89.1	$—	$—	$89.1
Decommissioning trust funds (a):
Equity securities	12.9	—	—	12.9
Debt securities	273.0	251.5	—	524.5
Common trusts (b)				847.9
	$375.0	$251.5	$—	$1,474.4