10-Q

__________________________________________________________________________________________

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)
X	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the Quarterly Period Ended June 30, 2011
	OR
	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ____________ to ____________

Commission File Number	Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.	Commission File Number	Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.
1-11299	ENTERGY CORPORATION (a Delaware corporation) 639 Loyola Avenue New Orleans, Louisiana 70113 Telephone (504) 576-4000 72-1229752	1-31508	ENTERGY MISSISSIPPI, INC. (a Mississippi corporation) 308 East Pearl Street Jackson, Mississippi 39201 Telephone (601) 368-5000 64-0205830
1-10764	ENTERGY ARKANSAS, INC. (an Arkansas corporation) 425 West Capitol Avenue Little Rock, Arkansas 72201 Telephone (501) 377-4000 71-0005900	0-05807	ENTERGY NEW ORLEANS, INC. (a Louisiana corporation) 1600 Perdido Street New Orleans, Louisiana 70112 Telephone (504) 670-3700 72-0273040
0-20371	ENTERGY GULF STATES LOUISIANA, L.L.C. (a Louisiana limited liability company) 446 North Boulevard Baton Rouge, Louisiana 70802 Telephone (800) 368-3749 74-0662730	1-34360	ENTERGY TEXAS, INC. (a Texas corporation) 350 Pine Street Beaumont, Texas 77701 Telephone (409) 981-2000 61-1435798
1-32718	ENTERGY LOUISIANA, LLC (a Texas limited liability company) 446 North Boulevard Baton Rouge, Louisiana 70802 Telephone (800) 368-3749 75-3206126	1-09067	SYSTEM ENERGY RESOURCES, INC. (an Arkansas corporation) Echelon One 1340 Echelon Parkway Jackson, Mississippi 39213 Telephone (601) 368-5000 72-0752777

__________________________________________________________________________________________

Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.  Yes þ No o

Indicate by check mark whether the registrants have submitted electronically and posted on Entergy’s corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Securities Exchange Act of 1934.

	Large accelerated filer	Accelerated filer	Non- accelerated filer	Smaller reporting company
Entergy Corporation	Ö
Entergy Arkansas, Inc.			Ö
Entergy Gulf States Louisiana, L.L.C.			Ö
Entergy Louisiana, LLC			Ö
Entergy Mississippi, Inc.			Ö
Entergy New Orleans, Inc.			Ö
Entergy Texas, Inc.			Ö
System Energy Resources, Inc.			Ö

Indicate by check mark whether the registrants are shell companies (as defined in Rule 12b-2 of the Exchange Act).  Yes o  No þ

Common Stock Outstanding		Outstanding at July 29, 2011
Entergy Corporation	($0.01 par value)	176,781,300

Entergy Corporation, Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C., Entergy Louisiana, LLC, Entergy Mississippi, Inc., Entergy New Orleans, Inc., Entergy Texas, Inc., and System Energy Resources, Inc. separately file this combined Quarterly Report on Form 10-Q.  Information contained herein relating to any individual company is filed by such company on its own behalf.  Each company reports herein only as to itself and makes no other representations whatsoever as to any other company.  This combined Quarterly Report on Form 10-Q supplements and updates the Annual Report on Form 10-K for the calendar year ended December 31, 2010 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, filed by the individual registrants with the SEC, and should be read in conjunction therewith.

ENTERGY CORPORATION AND SUBSIDIARIES

INDEX TO QUARTERLY REPORT ON FORM 10-Q

June 30, 2011

	Page Number
Forward-looking information	iv
Definitions	vi
Entergy Corporation and Subsidiaries
Management’s Financial Discussion and Analysis
Results of Operations	1
Liquidity and Capital Resources	9
Rate, Cost-recovery, and Other Regulation	13
Market and Credit Risk Sensitive Instruments	14
Nuclear Matters	16
Critical Accounting Estimates	16
New Accounting Pronouncements	16
Consolidated Statements of Income	17
Consolidated Statements of Cash Flows	18
Consolidated Balance Sheets	20
Consolidated Statements of Changes in Equity and Comprehensive Income	22
Selected Operating Results	23
Notes to Financial Statements	24
Part 1. Item 4.  Controls and Procedures	67
Entergy Arkansas, Inc. and Subsidiaries
Management’s Financial Discussion and Analysis
Results of Operations	68
Liquidity and Capital Resources	71
State and Local Rate Regulation	73
Federal Regulation	73
Nuclear Matters	73
Environmental Risks	73
Critical Accounting Estimates	73
Consolidated Income Statements	74
Consolidated Statements of Cash Flows	75
Consolidated Balance Sheets	76
Consolidated Statements of Changes in Common Equity	78
Selected Operating Results	79
Entergy Gulf States Louisiana, L.L.C.
Management’s Financial Discussion and Analysis
Results of Operations	80
Liquidity and Capital Resources	82
State and Local Rate Regulation	84
Federal Regulation	85
Nuclear Matters	85
Environmental Risks	85
Critical Accounting Estimates	85
Income Statements	86
Statements of Cash Flows	87
Balance Sheets	88
Statements of Changes in Equity and Comprehensive Income	90
Selected Operating Results	91

i

ENTERGY CORPORATION AND SUBSIDIARIES

INDEX TO QUARTERLY REPORT ON FORM 10-Q

June 30, 2011

	Page Number
Entergy Louisiana, LLC
Management’s Financial Discussion and Analysis
Results of Operations	92
Liquidity and Capital Resources	95
State and Local Rate Regulation	98
Federal Regulation	98
Nuclear Matters	98
Environmental Risks	98
Critical Accounting Estimates	99
Income Statements	100
Statements of Cash Flows	101
Balance Sheets	102
Statements of Changes in Equity and Comprehensive Income	104
Selected Operating Results	105
Entergy Mississippi, Inc.
Management’s Financial Discussion and Analysis
Results of Operations	106
Liquidity and Capital Resources	108
State and Local Rate Regulation	110
Federal Regulation	110
Critical Accounting Estimates	110
Income Statements	111
Statements of Cash Flows	113
Balance Sheets	114
Statements of Changes in Common Equity	116
Selected Operating Results	117
Entergy New Orleans, Inc.
Management’s Financial Discussion and Analysis
Results of Operations	118
Liquidity and Capital Resources	120
State and Local Rate Regulation	122
Federal Regulation	122
Environmental Risks	122
Critical Accounting Estimates	122
Income Statements	123
Statements of Cash Flows	125
Balance Sheets	126
Statements of Changes in Common Equity	128
Selected Operating Results	129

ii

ENTERGY CORPORATION AND SUBSIDIARIES

INDEX TO QUARTERLY REPORT ON FORM 10-Q

June 30, 2011

	Page Number
Entergy Texas, Inc. and Subsidiaries
Management’s Financial Discussion and Analysis
Results of Operations	130
Liquidity and Capital Resources	133
State and Local Rate Regulation	135
Federal Regulation	135
Environmental Risks	135
Critical Accounting Estimates	135
Consolidated Income Statements	136
Consolidated Statements of Cash Flows	137
Consolidated Balance Sheets	138
Consolidated Statements of Changes in Common Equity	140
Selected Operating Results	141
System Energy Resources, Inc.
Management’s Financial Discussion and Analysis
Results of Operations	142
Liquidity and Capital Resources	142
Nuclear Matters	144
Environmental Risks	144
Critical Accounting Estimates	144
Income Statements	145
Statements of Cash Flows	147
Balance Sheets	148
Statements of Changes in Common Equity	150
Part II.  Other Information
Item 1.    Legal Proceedings	151
Item 1A.  Risk Factors	151
Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds	151
Item 5.    Other Information	152
Item 6.    Exhibits	155
Signature	158

iii

FORWARD-LOOKING INFORMATION

In this combined report and from time to time, Entergy Corporation and the Registrant Subsidiaries each makes statements as a registrant concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance.  Such statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Words such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “intend,” “expect,” “estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,” and other similar words or expressions are intended to identify forward-looking statements but are not the only means to identify these statements.  Although each of these registrants believes that these forward-looking statements and the underlying assumptions are reasonable, it cannot provide assurance that they will prove correct.  Any forward-looking statement is based on information current as of the date of this combined report and speaks only as of the date on which such statement is made.  Except to the extent required by the federal securities laws, these registrants undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements involve a number of risks and uncertainties.  There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including those factors discussed or incorporated by reference in (a) Item 1A. Risk Factors in the Form 10-K, (b) Management’s Financial Discussion and Analysis in the Form 10-K and in this report, and (c) the following factors (in addition to others described elsewhere in this combined report and in subsequent securities filings):

·   resolution of pending and future rate cases and negotiations, including various performance-based rate discussions, and other regulatory proceedings, including those related to Entergy’s System Agreement or any successor agreement or arrangement, Entergy’s utility supply plan, recovery of storm costs, and recovery of fuel and purchased power costs

·   changes in utility regulation, including the beginning or end of retail and wholesale competition, the ability to recover net utility assets and other potential stranded costs, the operations of the independent coordinator of transmission for Entergy’s utility service territory and transition to a successor or alternative arrangement, including possible participation in a regional transmission organization, and the application of more stringent transmission reliability requirements or market power criteria by the FERC

·   changes in regulation of nuclear generating facilities and nuclear materials and fuel, including possible shutdown of nuclear generating facilities, particularly those owned or operated by the Entergy Wholesale Commodities business, and the effects of new or existing safety concerns regarding nuclear power plants and nuclear fuel

·   resolution of pending or future applications for license renewals or modifications of nuclear generating facilities

·   the performance of and deliverability of power from Entergy’s generation resources, including the capacity factors at its nuclear generating facilities

·   Entergy’s ability to develop and execute on a point of view regarding future prices of electricity, natural gas, and other energy-related commodities

·   prices for power generated by Entergy’s merchant generating facilities and the ability to hedge, sell power forward or otherwise reduce the market price risk associated with those facilities, including the Entergy Wholesale Commodities nuclear plants

·   the prices and availability of fuel and power Entergy must purchase for its Utility customers, and Entergy’s ability to meet credit support requirements for fuel and power supply contracts

·   volatility and changes in markets for electricity, natural gas, uranium, and other energy-related commodities

·   changes in law resulting from federal or state energy legislation or legislation subjecting energy derivatives used in hedging and risk management transactions to governmental regulation

·   changes in environmental, tax, and other laws, including requirements for reduced emissions of sulfur, nitrogen, carbon, mercury, and other substances, and changes in costs of compliance with environmental and other laws and regulations

iv

FORWARD-LOOKING INFORMATION (Concluded)

·   uncertainty regarding the establishment of interim or permanent sites for spent nuclear fuel and nuclear waste storage and disposal

·   variations in weather and the occurrence of hurricanes and other storms and disasters, including uncertainties associated with efforts to remediate the effects of hurricanes and ice storms and the recovery of costs associated with restoration, including accessing funded storm reserves, federal and local cost recovery mechanisms, securitization, and insurance

·   effects of climate change

·   Entergy’s ability to manage its capital projects and operation and maintenance costs

·   Entergy’s ability to purchase and sell assets at attractive prices and on other attractive terms

·   the economic climate, and particularly economic conditions in Entergy’s Utility service territory and the Northeast United States and events that could influence economic conditions in those areas

·   the effects of Entergy’s strategies to reduce tax payments

·   changes in the financial markets, particularly those affecting the availability of capital and Entergy’s ability to refinance existing debt, execute share repurchase programs, and fund investments and acquisitions

·   actions of rating agencies, including changes in the ratings of debt and preferred stock, changes in general corporate ratings, and changes in the rating agencies’ ratings criteria

·   changes in inflation and interest rates

·   the effect of litigation and government investigations or proceedings

·   advances in technology

·   the potential effects of threatened or actual terrorism, cyber attacks or data security breaches, and war or a catastrophic event such as a nuclear accident or a natural gas pipeline explosion

·   Entergy’s ability to attract and retain talented management and directors

·   changes in accounting standards and corporate governance

·   declines in the market prices of marketable securities and resulting funding requirements for Entergy’s defined benefit pension and other postretirement benefit plans

·   changes in decommissioning trust fund values or earnings or in the timing of or cost to decommission nuclear plant sites

·   factors that could lead to impairment of long-lived assets

·   the ability to successfully complete merger, acquisition, or divestiture plans, regulatory or other limitations imposed as a result of merger, acquisition, or divestiture, and the success of the business following a merger, acquisition, or divestiture

v

DEFINITIONS

Certain abbreviations or acronyms used in the text and notes are defined below:

Abbreviation or Acronym	Term
AFUDC	Allowance for Funds Used During Construction
ALJ	Administrative Law Judge
ANO 1 and 2	Units 1 and 2 of Arkansas Nuclear One (nuclear), owned by Entergy Arkansas
APSC	Arkansas Public Service Commission
ASU	Accounting Standards Update issued by the FASB
Board	Board of Directors of Entergy Corporation
capacity factor	Actual plant output divided by maximum potential plant output for the period
City Council or Council	Council of the City of New Orleans, Louisiana
Entergy	Entergy Corporation and its direct and indirect subsidiaries
Entergy Corporation	Entergy Corporation, a Delaware corporation
Entergy Gulf States, Inc.	Predecessor company for financial reporting purposes to Entergy Gulf States Louisiana that included the assets and business operations of both Entergy Gulf States Louisiana and Entergy Texas
Entergy Gulf States Louisiana	Entergy Gulf States Louisiana, L.L.C., a company created in connection with the jurisdictional separation of Entergy Gulf States, Inc. and the successor company to Entergy Gulf States, Inc. for financial reporting purposes.  The term is also used to refer to the Louisiana jurisdictional business of Entergy Gulf States, Inc., as the context requires.
Entergy Texas	Entergy Texas, Inc., a company created in connection with the jurisdictional separation of Entergy Gulf States, Inc.  The term is also used to refer to the Texas jurisdictional business of Entergy Gulf States, Inc., as the context requires.
Entergy Wholesale Commodities (EWC)	Entergy’s non-utility business segment primarily comprised of the ownership and operation of six nuclear power plants, the ownership of interests in non-nuclear power plants, and the sale of the electric power produced by those plants to wholesale customers
EPA	United States Environmental Protection Agency
ERCOT	Electric Reliability Council of Texas
FASB	Financial Accounting Standards Board
FERC	Federal Energy Regulatory Commission
firm LD	Transaction that requires receipt or delivery of energy at a specified delivery point (usually at a market hub not associated with a specific asset) or settles financially on notional quantities; if a party fails to deliver or receive energy, the defaulting party must compensate the other party as specified in the contract
FitzPatrick	James A. FitzPatrick Nuclear Power Plant (nuclear), owned by an Entergy subsidiary in the Entergy Wholesale Commodities business segment
Form 10-K	Annual Report on Form 10-K for the calendar year ended December 31, 2010 filed with the SEC by Entergy Corporation and its Registrant Subsidiaries
Grand Gulf	Unit No. 1 of Grand Gulf Nuclear Station (nuclear), 90% owned or leased by System Energy
GWh	Gigawatt-hour(s), which equals one million kilowatt-hours
Independence	Independence Steam Electric Station (coal), owned 16% by Entergy Arkansas, 25% by Entergy Mississippi, and 7% by Entergy Power
Indian Point 2	Unit 2 of Indian Point Energy Center (nuclear), owned by an Entergy subsidiary in the Entergy Wholesale Commodities business segment
Indian Point 3	Unit 3 of Indian Point Energy Center (nuclear), owned by an Entergy subsidiary in the Entergy Wholesale Commodities business segment
IRS	Internal Revenue Service

vi

DEFINITIONS (Continued)

Abbreviation or Acronym	Term
ISO	Independent System Operator
kW	Kilowatt, which equals one thousand watts
kWh	Kilowatt-hour(s)
LPSC	Louisiana Public Service Commission
MISO	Midwest Independent Transmission System Operator, Inc., a regional transmission organization
MMBtu	One million British Thermal Units
MPSC	Mississippi Public Service Commission
MW	Megawatt(s), which equals one thousand kilowatts
MWh	Megawatt-hour(s)
Net MW in operation	Installed capacity owned and operated
NRC	Nuclear Regulatory Commission
NYPA	New York Power Authority
Offsetting positions	Transactions for the purchase of energy, generally to offset a firm LD transaction
Palisades	Palisades Power Plant (nuclear), owned by an Entergy subsidiary in the Entergy Wholesale Commodities business segment
Pilgrim	Pilgrim Nuclear Power Station (nuclear), owned by an Entergy subsidiary in the Entergy Wholesale Commodities business segment
PPA	Purchased power agreement or power purchase agreement
PUCT	Public Utility Commission of Texas
Registrant Subsidiaries	Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C., Entergy Louisiana, LLC, Entergy Mississippi, Inc., Entergy New Orleans, Inc., Entergy Texas, Inc., and System Energy Resources, Inc.
River Bend	River Bend Station (nuclear), owned by Entergy Gulf States Louisiana
RTO	Regional transmission organization
SEC	Securities and Exchange Commission
SPP	Southwest Power Pool
System Agreement	Agreement, effective January 1, 1983, as modified, among the Utility operating companies relating to the sharing of generating capacity and other power resources
System Energy	System Energy Resources, Inc.
TWh	Terawatt-hour(s), which equals one billion kilowatt-hours
unit-contingent	Transaction under which power is supplied from a specific generation asset; if the asset is not operating, the seller is generally not liable to the buyer for any damages
Unit Power Sales Agreement	Agreement, dated as of June 10, 1982, as amended and approved by FERC, among Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and System Energy, relating to the sale of capacity and energy from System Energy’s share of Grand Gulf
Utility	Entergy’s business segment that generates, transmits, distributes, and sells electric power, with a small amount of natural gas distribution
Utility operating companies	Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas
Vermont Yankee	Vermont Yankee Nuclear Power Station (nuclear), owned by an Entergy subsidiary in the Entergy Wholesale Commodities business segment
Waterford 3	Unit No. 3 (nuclear) of the Waterford Steam Electric Station, 100% owned or leased by Entergy Louisiana
weather-adjusted usage	Electric usage excluding the effects of deviations from normal weather

vii

ENTERGY CORPORATION AND SUBSIDIARIES

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Entergy operates primarily through its two, reportable, operating segments: Utility and Entergy Wholesale Commodities.

·   Utility generates, transmits, distributes, and sells electric power in service territories in four states that include portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operates a small natural gas distribution business.

·   The Entergy Wholesale Commodities business segment includes the ownership and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those plants to wholesale customers.  This business also provides services to other nuclear power plant owners.  Entergy Wholesale Commodities also owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.

In the fourth quarter 2010, Entergy finished integrating its former Non-Utility Nuclear business segment and its non-nuclear wholesale asset business into the new Entergy Wholesale Commodities business in an internal reorganization.  The prior period financial information in this Form 10-Q has been restated to reflect the change in reportable segments.

Results of Operations

Second Quarter 2011 Compared to Second Quarter 2010

Following are income statement variances for Utility, Entergy Wholesale Commodities, Parent & Other, and Entergy comparing the second quarter 2011 to the second quarter 2010 showing how much the line item increased or (decreased) in comparison to the prior period:

	Utility	Entergy Wholesale Commodities	Parent & Other (1)	Entergy
	(In Thousands)
2nd Qtr 2010 Consolidated Net Income	$230,173	$104,557	($14,447)	$320,283
Net revenue (operating revenue less fuel   expense, purchased power, and other   regulatory charges/credits)	11,992	(55,659)	1,117	(42,550)
Other operation and maintenance expenses	13,669	(19,296)	17,919	12,292
Taxes other than income taxes	4,493	(2,454)	208	2,247
Depreciation and amortization	2,547	5,983	109	8,639
Other income	11,004	(4,272)	(2,825)	3,907
Interest expense	(17,590)	(4,594)	11,227	(10,957)
Other expenses	(680)	2,455	-	1,775
Income taxes	(2,011)	(3,024)	(47,919)	(52,954)
2nd Qtr 2011 Consolidated Net Income	$252,741	$65,556	$2,301	$320,598

(1) Parent & Other includes eliminations, which are primarily intersegment activity.  

1

Refer to "ENTERGY CORPORATION AND SUBSIDIARIES - SELECTED OPERATING RESULTS" for further information with respect to operating statistics.

Net Revenue

Utility

Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$1,293
Retail electric price	21
Volume/weather	14
Purchased power capacity	(4)
Net wholesale revenue	(11)
Other	(8)
2011 net revenue	$1,305

The retail electric price variance is primarily due to:

·   a base rate increase at Entergy Arkansas effective July 2010;

·   rate actions at Entergy Texas, including a base rate increase effective August 2010 and an additional increase beginning May 2011; and

·   formula rate plan increases at Entergy Louisiana effective September 2010 and May 2011.

These were partially offset by a formula rate plan decrease at Entergy New Orleans effective October 2010.  See Note 2 to the financial statements in the Form 10-K and herein for further discussion of these proceedings.

The volume/weather variance is primarily due to an increase of 730 GWh in billed electricity usage in all sectors, including the effect of more favorable weather on the residential and commercial sectors.  Industrial sales growth leveled off somewhat after significant growth since the beginning of 2010.  Entergy’s service territory continues to benefit from expansions, while there has been some pullback in the paper and wood segments and small industrials.

The purchased power capacity variance is primarily due to price increases for ongoing purchased power capacity and additional capacity purchases.

The net wholesale revenue variance is primarily due to lower margins on co-owner contracts and higher wholesale energy costs.

2

Entergy Wholesale Commodities

Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$530
Realized price changes	(52)
Volume	5
Other	(9)
2011 net revenue	$474

As shown in the table above, net revenue for Entergy Wholesale Commodities decreased by $56 million, or 11%, in the second quarter 2011 compared to the second quarter 2010 primarily due to lower pricing in its contracts to sell power.

Following are key performance measures for Entergy Wholesale Commodities’ nuclear plants for the second quarter 2011 and 2010:

	2011	2010
Net MW in operation at June 30	4,998	4,998
Average realized revenue per MWh	$52.38	$57.69
GWh billed	9,993	9,868
Capacity factor	91%	90%
Refueling Outage Days:
Indian Point 2	-	11
Indian Point 3	7	-
Pilgrim	25	-
Vermont Yankee	-	29

Overall, including its non-nuclear plants, Entergy Wholesale Commodities billed 10,652 GWh in the second quarter 2011 and 10,498 GWh in the second quarter 2010, with average realized revenue per MWh of $52.32 in the second quarter 2011 and $58.15 in the second quarter 2010.

Realized Price per MWh

See the Form 10-K for a discussion of Entergy Wholesale Commodities nuclear business’s realized price per MWh, including the factors that influence it and the decrease in the annual average realized price per MWh to $59.16 in 2010 from $61.07 for 2009.  Entergy Wholesale Commodities’ nuclear business is almost certain to experience a decrease again in 2011 because, as shown in the contracted sale of energy table "Market and Credit Risk Sensitive Instruments," Entergy Wholesale Commodities has sold forward 96% of its planned nuclear energy output for the remainder of 2011 for an average contracted energy price of $54 per MWh.  In addition, Entergy Wholesale Commodities has sold forward 87% of its planned nuclear energy output for 2012 for an average contracted energy price of $49 per MWh.

3

Other Income Statement Items

Utility

Other operation and maintenance expenses increased from $471 million for the second quarter 2010 to $485 million for the second quarter 2011 primarily due to:

·   an increase of $13 million in nuclear expenses primarily due to higher labor costs;

·   an increase of $5 million in legal expenses primarily resulting from an increase in legal and regulatory activity increasing the use of outside legal services;

·   an increase of $4 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment; and

·   an increase of $3 million due to the deferral in 2010 of 2009 Entergy Arkansas rate case expenses.

These increases were partially offset by a decrease of $11 million in fossil expenses resulting from a greater number and scope of outages in second quarter 2010 compared to second quarter 2011.

Other income increased due to:

·   an increase in distributions of $6 million earned by Entergy Louisiana and $3 million earned by Entergy Gulf States Louisiana on investments in preferred membership interests of Entergy Holdings Company. The distributions on preferred membership interests are eliminated in consolidation and have no effect on Entergy’s net income because the investment is in another Entergy subsidiary.  See Note 2 to the financial statements in the Form 10-K for discussion of these investments in preferred membership interests; and

·   an increase of $5 million in realized earnings on decommissioning trust fund investments.

These increases were partially offset by a decrease due to $8 million in carrying charges on storm restoration costs recorded in the second quarter 2010.

Interest expense decreased primarily due to the refinancing of long-term debt at lower interest rates by certain of the Utility operating companies.  Also contributing to the decrease was interest expense accrued in 2010 related to the expected result of the LPSC staff audit of the fuel adjustment clause for the period 1995 through 2004.

Entergy Wholesale Commodities

           Other operation and maintenance expenses decreased from $250 million for the second quarter 2010 to $231 million for the second quarter 2011 primarily due to:

·   a decrease in costs related to spin-off dis-synergies;

·   a decrease of $7 million due to the absence of expenses from the Harrison County plant, which was sold in December 2010; and

·   a decrease in spending on tritium remediation work.

Parent & Other

The increase in other operation and maintenance expenses is primarily due to activity, which eliminates in consolidation, between the parent company and the two reportable business segments.

Interest expense increased primarily due to $1 billion of Entergy Corporation notes payable issued in September 2010 with the proceeds used to pay down the borrowings outstanding on Entergy Corporation’s revolving credit facility, which were at a lower interest rate.

4

Income Taxes

The effective income tax rates for the second quarters 2011 and 2010 were 32% and 38.9%, respectively.  The difference in the effective income tax rate versus the statutory rate of 35% for the second quarter 2011 is primarily due to a settlement regarding an issue which had previously been considered an uncertain tax position.  These factors were partially offset by a Michigan tax law change that repealed the business tax and enacted a corporate income tax, which eliminates a deduction that was available under the business tax; state income taxes; and certain book and tax differences for Utility plant items.The difference in the effective income tax rate versus the statutory rate of 35% for the second quarter 2010 was primarily due to state income taxes and certain book and tax differences for Utility plant items.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Following are income statement variances for Utility, Entergy Wholesale Commodities, Parent & Other, and Entergy comparing the six months ended June 30, 2011 to the six months ended June 30, 2010 showing how much the line item increased or (decreased) in comparison to the prior period:

	Utility	Entergy Wholesale Commodities	Parent & Other (1)	Entergy
	(In Thousands)
2010 Consolidated Net Income	$373,144	$195,099	($29,146)	$539,097
Net revenue (operating revenue less fuel   expense, purchased power, and other   regulatory charges/credits)	30,233	(95,800)	1,342	(64,225)
Other operation and maintenance expenses	26,702	(69,851)	8,702	(34,447)
Taxes other than income taxes	(1,746)	(5,908)	(277)	(7,931)
Depreciation and amortization	(4,394)	8,701	12	4,319
Other income	10,257	(27,760)	(4,935)	(22,438)
Interest expense	(26,482)	(51,792)	23,719	(54,555)
Other expenses	(64)	7,223	1	7,160
Income taxes	(1,776)	(5,623)	(28,990)	(36,389)
2011 Consolidated Net Income	$421,394	$188,789	($35,906)	$574,277

(1) Parent & Other includes eliminations, which are primarily intersegment activity.

Refer to “ENTERGY CORPORATION AND SUBSIDIARIES - SELECTED OPERATING RESULTS” for further information with respect to operating statistics.

5

Net Revenue

Utility

Following is an analysis of the change in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$2,423
Retail electric price	39
Volume/weather	23
Net gas revenue	(7)
Purchased power capacity	(9)
Net wholesale revenue	(14)
Other	(2)
2011 net revenue	$2,453

The retail electric price variance is primarily due to:

·   a base rate increase at Entergy Arkansas effective July 2010;

·   rate actions at Entergy Texas, including a base rate increase effective August 2010 and an additional increase beginning May 2011; and

·   formula rate plan increases at Entergy Louisiana effective September 2010 and May 2011.

These were partially offset by a formula rate plan decrease at Entergy New Orleans effective October 2010.  See Note 2 to the financial statements in the Form 10-K for further discussion of these proceedings.

The volume/weather variance is primarily due to an increase of 1,202 GWh in weather-adjusted usage across all sectors.  Weather-adjusted residential retail sales growth reflected an increase in the number of customers.  Industrial sales have realized sustained growth since the beginning of 2010 and the first half of 2011 continued the trend.  Entergy’s service territory has benefitted from the national manufacturing economy as well as industrial facility expansions.  Industrial customers in Entergy’s service territory also have benefitted from the need to re-stock inventory and export trends.  The weather effect declined, despite the experience of favorable weather in the first half of 2011, primarily because the near-record-setting cold weather experienced in the first quarter 2010 was even more favorable.

The net gas revenue variance is primarily due to milder weather as compared to last year.

The purchased power capacity variance is primarily due to price increases for ongoing purchased power capacity and additional capacity purchases.

The net wholesale revenue variance is primarily due to lower margins on co-owner contracts and higher wholesale energy costs.

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Entergy Wholesale Commodities

Following is an analysis of the change in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$1,095
Realized price changes	(67)
Volume	(14)
Other	(15)
2011 net revenue	$999

As shown in the table above, net revenue for Entergy Wholesale Commodities decreased by $96 million, or 9%, in the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to lower pricing in its contracts to sell power and lower volume resulting from an increase in forced outages for Entergy Wholesale Commodities’ nuclear fleet in 2011.

Following are key performance measures for Entergy Wholesale Commodities’ nuclear plants for the six months ended June 30, 2011 and 2010:

	2011	2010
Net MW in operation at June 30	4,998	4,998
Average realized revenue per MWh	$54.91	$58.22
GWh billed	19,906	20,123
Capacity factor	91%	92%
Refueling Outage Days:
Indian Point 2	-	33
Indian Point 3	30	-
Pilgrim	25	-
Vermont Yankee	-	29

Overall, including its non-nuclear plants, Entergy Wholesale Commodities billed 21,171 GWh in the six months ended June 30, 2011 and 21,626 GWh in the six months ended June 30, 2010, with average realized revenue per MWh of $54.64 in the six months ended June 30, 2011 and $58.23 in the six months ended June 30, 2010.  See also the discussion in “Realized Price per MWh” in the Second Quarter 2011 Compared to Second Quarter 2010 section.

Other Income Statement Items

Utility

Other operation and maintenance expenses increased from $906 million for the six months ended June 30, 2010 to $933 million for the six months ended June 30, 2011 primarily due to:

·   an increase of $17 million in nuclear expenses primarily due to higher labor and benefits costs;

·   an increase of $8 million in legal expenses primarily resulting from an increase in legal and regulatory activity increasing the use of outside legal services;

·   an increase of $6 million in transmission and distribution expenses primarily due to vegetation and maintenance expenses; and

·   several individually insignificant items.

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These increases were partially offset by a decrease of $18 million in fossil expenses resulting from more outages in the first half of 2010 and an increase of $6 million in nuclear insurance refunds received in 2011 as compared to the same period in 2010.

Other income increased due to an increase in distributions of $12 million earned by Entergy Louisiana and $7 million earned by Entergy Gulf States Louisiana on investments in preferred membership interests of Entergy Holdings Company.  The distributions on preferred membership interests are eliminated in consolidation and have no effect on Entergy’s net income because the investment is in another Entergy subsidiary.  See Note 2 to the financial statements in the Form 10-K for discussion of these investments in preferred membership interests.  This was partially offset by a decrease due to $8 million in carrying charges on storm restoration costs recorded in the second quarter 2010.

Interest expense decreased primarily due to the refinancing of long-term debt at lower interest rates by certain of the Utility operating companies.  Also contributing to the decrease was interest expense accrued in 2010 related to the expected result of the LPSC staff audit of Entergy Gulf States Louisiana’s fuel adjustment clause for the period 1995 through 2004.

Entergy Wholesale Commodities

Other operation and maintenance expenses decreased from $510 million for the six months ended June 30, 2010 to $440 million for the six months ended June 30, 2011 primarily due to:

·   the write-off of $32 million of capital costs in first quarter 2010, primarily for software that will not be utilized, in connection with Entergy’s decision to unwind the infrastructure created for the planned spin-off of its non-utility nuclear business;

·   a decrease of $13 million due to the absence of expenses from the Harrison County plant which was sold in December 2010;

·   a decrease in spending on tritium remediation work; and

·   several other individually insignificant factors.

Other income decreased primarily due to a decrease in interest income earned on loans to the parent company, Entergy Corporation, and a decrease of $9 million in realized earnings on decommissioning trust fund investments.

Interest expense decreased primarily due to the write-off of $37 million of debt financing costs in the first quarter 2010, primarily incurred for a $1.2 billion credit facility that will not be used, in connection with Entergy’s decision to unwind the infrastructure created for the planned spin-off of its non-utility nuclear business.

Parent & Other

Interest expense increased primarily due to $1 billion of Entergy Corporation notes payable issued in September 2010 with the proceeds used to pay down the borrowings outstanding on Entergy Corporation’s revolving credit facility, which were at a lower interest rate.

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Income Taxes

           The effective income tax rates for the six months ended June 30, 2011 and 2010 were 35.4% and 39.5%, respectively.  The difference in the effective income tax rate versus the statutory rate of 35% for the six months ended June 30, 2011 is primarily due to a settlement regarding an issue which had previously been considered an uncertain tax position.  This was partially offset by:

·   a Michigan tax law change that repealed the business tax and enacted a corporate income tax, which eliminates a deduction that was available under the business tax;

·   state income taxes; and

·   certain book and tax differences for Utility plant items.

The difference in the effective income tax rate versus the statutory rate of 35% for the six months ended June 30, 2010 was primarily due to:

·   a charge of $16 million recorded in first quarter 2010 resulting from a change in tax law associated with the federal healthcare legislation enacted in March 2010.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K for a discussion of the federal healthcare legislation; and

·   state income taxes; and

·   certain book and tax differences for Utility plant items.

These factors were partially offset by:

·   a $19 million tax benefit recorded first quarter 2010 in connection with Entergy’s decision to unwind the infrastructure created for the planned spin-off of its non-utility nuclear business; and

·   book and tax differences related to the allowance for equity funds used during construction.

Liquidity and Capital Resources

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources" in the Form 10-K for a discussion of Entergy’s capital structure, capital expenditure plans and other uses of capital, and sources of capital.  Following are updates to that discussion.

Capital Structure

Entergy’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30, 2011	December 31, 2010
Debt to capital	58.1%	57.3%
Effect of excluding the Arkansas and Texas securitization bonds	(1.8)%	(2.0)%
Debt to capital, excluding securitization bonds (1)	56.3%	55.3%
Effect of subtracting cash	(1.2)%	(3.2)%
Net debt to net capital, excluding securitization bonds (1)	55.1%	52.1%

(1) Calculation excludes the Arkansas and Texas securitization bonds, which are non-recourse to Entergy Arkansas and Entergy Texas, respectively.

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable, capital lease obligations, and long-term debt, including the currently maturing portion.  Capital consists of debt, common shareholders’ equity, and subsidiaries’ preferred stock without sinking fund.  Net capital consists of capital less cash and cash equivalents. Entergy uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy’s financial condition.

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As discussed in the Form 10-K, Entergy Corporation has in place a revolving credit facility that expires in August 2012.  Entergy Corporation has the ability to issue letters of credit against the total borrowing capacity of the facility.  As of June 30, 2011, the capacity and amounts outstanding under the credit facility are:

Capacity	Borrowings	Letters of Credit	Capacity Available
(In Millions)
$3,465	$1,895	$25	$1,545

Entergy Corporation’s credit facility requires it to maintain a consolidated debt ratio of 65% or less of its total capitalization.  The calculation of this debt ratio under Entergy Corporation’s credit facility is different than the calculation of the debt to capital ratio above.  Entergy is currently in compliance with this covenant.  If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Utility operating companies (except Entergy New Orleans) defaults on other indebtedness or is in bankruptcy or insolvency proceedings, an acceleration of the facility’s maturity date may occur.

See Note 4 to the financial statements herein for additional discussion of the Entergy Corporation credit facility and discussion of the Registrant Subsidiaries’ credit facilities.

Capital Expenditure Plans and Other Uses of Capital

See the table and discussion in the Form 10-K under "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources - Capital Expenditure Plans and Other Uses of Capital," that sets forth the amounts of planned construction and other capital investments by operating segment for 2011 through 2013.  Following are updates to the discussion in the Form 10-K.

Acadia Unit 2 Purchase Agreement

See the Form 10-K for a discussion of the agreement Entergy Louisiana signed to acquire Unit 2 of the Acadia Energy Center, a 580 MW generating unit located near Eunice, La., from Acadia Power Partners, LLC, an independent power producer.  Entergy Louisiana acquired the plant on April 29, 2011.

Summer 2009 Long-Term Request for Proposal

As discussed in the Form 10-K, the construction or purchase of three resources identified in the Summer 2009 Long-Term Request for Proposal were included in the 2011-2013 capital expenditure estimates in the Form 10-K.  In addition to the self-build option at Entergy Louisiana’s Ninemile site noted in the Form 10-K, in April 2011 two Entergy Utility operating companies announced that they have signed agreements to acquire the other two resources, the 620 MW Hot Spring Energy Facility and the 450 MW Hinds Energy Facility.

Ninemile Point Unit 6 Self-Build Project

In June 2011, Entergy Louisiana filed with the LPSC an application seeking certification that the public necessity and convenience would be served by Entergy Louisiana’s construction of a combined-cycle gas turbine generating facility (Ninemile 6) at its existing Ninemile Point electric generating station.  Ninemile 6 will be a nominally-sized 550 MW unit that is estimated to cost approximately $721 million to construct, excluding interconnection and transmission upgrades.  Entergy Gulf States Louisiana joined in the application, seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% of the capacity and energy generated by Ninemile 6.  The Ninemile 6 capacity and energy is proposed to be allocated 55% to Entergy Louisiana, 25% to Entergy Gulf States Louisiana, and 20% to Entergy New Orleans.  Entergy New Orleans has filed a request with the City Council to approve its purchase under a life-of-unit power purchase agreement of this capacity and energy.  If the City Council does not approve this power purchase agreement in a timely manner, then an allocation of 65% to Entergy Louisiana and 35% to Entergy Gulf States Louisiana is proposed.  If approvals are obtained from the LPSC and other permitting agencies, Ninemile 6 construction is expected to begin in 2012, and the unit is expected to commence commercial operation by mid-2015.

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Hot Spring Energy Facility Purchase Agreement

In April 2011, Entergy Arkansas announced that it has signed an asset purchase agreement to acquire the Hot Spring Energy Facility, a 620 MW natural gas-fired combined-cycle turbine plant located in Hot Spring County, Arkansas, from a subsidiary of KGen Power Corporation.  The purchase price is expected to be approximately $253 million.  Entergy Arkansas also expects to invest in various plant upgrades at the facility after closing and expects the total cost of the acquisition to be approximately $277 million.  A transmission study estimates that the acquisition could require investment for supplemental upgrades in the Entergy transmission system, but there are still uncertainties associated with the results of this study that must be resolved.  The purchase is contingent upon, among other things, obtaining necessary approvals, including full cost recovery, from various federal and state regulatory and permitting agencies.  These include regulatory approvals from the APSC and FERC, as well as clearance under the Hart-Scott-Rodino anti-trust law.  Closing is expected to occur in mid-2012.  In July 2011, Entergy Arkansas filed its application with the APSC requesting approval of the acquisition and full cost recovery.

Hinds Energy Facility Purchase Agreement

In April 2011, Entergy Mississippi announced that it has signed an asset purchase agreement to acquire the Hinds Energy Facility, a 450 MW natural gas-fired combined-cycle turbine plant located in Jackson, Mississippi, from a subsidiary of KGen Power Corporation.  The purchase price is expected to be approximately $206 million.  Entergy Mississippi also expects to invest in various plant upgrades at the facility after closing and expects the total cost of the acquisition to be approximately $246 million.  A transmission study estimates that the acquisition could require investment for supplemental upgrades in the Entergy transmission system, but there are still uncertainties associated with the results of this study that must be resolved.The purchase is contingent upon, among other things, obtaining necessary approvals, including full cost recovery, from various federal and state regulatory and permitting agencies.  These include regulatory approvals from the MPSC and FERC, as well as clearance under the Hart-Scott-Rodino anti-trust law.  Closing is expected to occur in mid-2012.  In July 2011, Entergy Mississippi filed with the MPSC requesting approval of the acquisition and full cost recovery.

Waterford 3 Steam Generator Replacement Project

See the Form 10-K for a discussion of the Waterford 3 Steam Generator Replacement project.  With regard to the delay in the delivery of the steam generators, Entergy Louisiana worked with the manufacturer to fully develop and evaluate repair options, and expects the replacement steam generators to be delivered in time for the Fall 2012 refueling outage.  Extensive inspections of the existing steam generators at Waterford 3 in cooperation with the manufacturer were completed in April 2011.  The review of data obtained during these inspections supports the conclusion that Waterford 3 can operate safely for another full cycle before the replacement of the existing steam generators.  Entergy Louisiana is required to report formally its findings to the NRC through a report made 180 days after plant start up.  At this time, a requirement to perform a mid-cycle outage for further inspections in order to allow the plant to continue operation until its Fall 2012 refueling outage is not anticipated.  Entergy Louisiana currently expects the cost of the project, including carrying costs, to increase to approximately $687 million if the replacement occurs during the Fall 2012 refueling outage.

Entergy Louisiana’s existing formula rate plan provides for rate treatment of the Waterford 3 project costs, including in-service rate recovery without regulatory lag and treatment outside of the formula rate plan earnings sharing formula; however, these provisions contemplated the project being placed in service during the term of the current formula rate plan and will not apply at the time of the expected in-service date in the Fall 2012.  Entergy Louisiana will seek to reestablish comparable rate recovery provisions for the project through renewal or extension of the current formula rate plan provisions or through a base rate filing.

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Dividends and Stock Repurchases

Declarations of dividends on Entergy’s common stock are made at the discretion of the Board.  Among other things, the Board evaluates the level of Entergy’s common stock dividends based upon Entergy’s earnings, financial strength, and future investment opportunities.  At its January, April, and July 2011 meetings, the Board declared dividends of $0.83 per share, which is the same quarterly dividend per share that Entergy has paid since second quarter 2010.

Cash Flow Activity

As shown in Entergy’s Consolidated Statements of Cash Flows, cash flows for the six months ended June 30, 2011 and 2010 were as follows:

	2011	2010
	(In Millions)
Cash and cash equivalents at beginning of period	$1,294	$1,710
Cash flow provided by (used in):
Operating activities	977	1,468
Investing activities	(1,827)	(1,173)
Financing activities	86	(670)
Effect of exchange rates on cash and cash equivalents	-	1
Net decrease in cash and cash equivalents	(764)	(374)
Cash and cash equivalents at end of period	$530	$1,336

Operating Activities

Entergy's cash flow provided by operating activities decreased by $491 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010, primarily due to a decrease in deferred fuel cost collections and an increase of $163 million in pension contributions.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits funding.  A $42 million increase in incentive compensation payments, which occur in the first quarter, and the decrease in Entergy Wholesale Commodities net revenue that is discussed above also contributed to the decrease, as well as several other individually insignificant factors.

Investing Activities

Net cash used in investing activities increased by $654 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to:

·   the purchase of the Acadia Power Plant by Entergy Louisiana for approximately $300 million in April 2011;

·   an increase in nuclear fuel purchases, as more plants were preparing for refueling outages in the spring 2011 than in the spring 2010;

·   a change in collateral deposit activity, reflected in the “Decrease (increase) in other investments” line, as Entergy received net deposits from Entergy Wholesale Commodities’ counterparties during 2010 and made net collateral deposits in 2011.  Entergy Wholesale Commodities’ forward sales contracts are discussed in the Market and Credit Risk Sensitive Instruments section below; and

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·   an increase in construction expenditures, primarily in the Utility business.  Entergy’s construction spending plans for 2011 through 2013 are discussed in the Form 10-K.  April 2011 storms that caused damage to transmission and distribution lines, equipment, poles, and other facilities, primarily in Arkansas, also contributed to the increase.  The estimated capital cost of repairing that damage is approximately $55 million.

Financing Activities

Financing activities provided $86 million of cash for the six months ended June 30, 2011 compared to using $670 million of cash for the six months ended June 30, 2010 primarily because long-term debt activity provided approximately $519 million of cash in 2011 and used approximately $249 million of cash in 2010. For details of Entergy's long-term debt activity in 2011 see Note 4 to the financial statements herein.  Offsetting these increases in sources of cash, Entergy repurchased $160 million of its common stock in the six months ended June 30, 2011 and repurchased $138 million of its common stock in the six months ended June 30, 2010.  Entergy’s share repurchase programs are discussed in the Form 10-K.

Rate, Cost-recovery, and Other Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Rate, Cost-recovery, and Other Regulation" in the Form 10-K for discussions of rate regulation, federal regulation, and related regulatory proceedings.

State and Local Rate Regulation and Fuel-Cost Recovery

See Note 2 to the financial statements herein for updates to the discussion in the Form 10-K regarding these proceedings.

Federal Regulation

See the Form 10-K for a discussion of federal regulatory proceedings.  Following are updates to that discussion.

System Agreement and Independent Coordinator of Transmission (ICT)

As discussed in the Form 10-K, in November 2010 the FERC issued an order accepting the Utility operating companies’ proposal to extend the ICT arrangement with SPP by an additional term of two years, providing time for analysis of longer term structures.  In addition, in December 2010 the FERC issued an order that granted the Entergy Regional State Committee (E-RSC) additional authority over transmission upgrades and cost allocation.  The E-RSC, comprised of one representative from each of the Utility operating company retail regulators, was formed in 2009 to consider several of the issues related to the Entergy transmission system.  The Utility operating companies expect that the E-RSC will review the cost-benefit analysis, discussed below, that the Utility operating companies submitted in May 2011 to each of their respective retail regulators comparing the ICT arrangement to joining the SPP RTO or the Midwest Independent Transmission System Operator (MISO).

Also as discussed in the Form 10-K, in February 2010 the APSC issued a show cause order opening an inquiry to conduct an investigation regarding the prudence of Entergy Arkansas’s entering a successor pooling agreement with the other Entergy Utility operating companies, as opposed to becoming a standalone entity upon exit from the System Agreement in December 2013, and whether Entergy Arkansas, as a standalone utility, should join the SPP RTO.  The APSC subsequently added evaluation of Entergy Arkansas joining MISO on a standalone basis as an alternative to be considered.  In August 2010, the APSC directed Entergy Arkansas and all parties to compare five strategic options at the same time as follows: (1) Entergy Arkansas Self-Provide; (2) Entergy Arkansas with 3rd party coordination agreements; (3) Successor Arrangements; (4) Entergy Arkansas as a standalone member of SPP RTO; and (5) Entergy Arkansas as a standalone member of MISO.

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On April 25, 2011, Entergy announced that each of the Utility operating companies propose joining MISO, which is expected to provide long-term benefits for the customers of each of the Utility operating companies.  MISO is a regional transmission organization that operates in 13 U.S. states (Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Montana, North Dakota, Ohio, Pennsylvania, South Dakota, and Wisconsin) and also in Canada.  The Utility operating companies provided analysis in May 2011 to their retail regulators supporting this decision.  The APSC has requested additional information from both Entergy and MISO.  The APSC’s procedural schedule for the proceeding includes an evidentiary hearing scheduled for September 7, 2011.  Entergy’s May 2011 filings estimate that the expected transition and implementation costs of joining MISO are approximately $105 million if all of the Utility operating companies join MISO, most of which will be spent in late 2012 and 2013.  Maintaining the viability of the alternatives of Entergy Arkansas joining MISO alone or standing alone within an ICT arrangement is expected to result in an additional cost of approximately $35 million, for a total cost of approximately $140 million.  This amount could increase with extended litigation in various regulatory proceedings.  It is expected that costs will be incurred to obtain regulatory approvals, to revise or implement commercial and legal agreements, to integrate transmission and generation facilities, to develop back-office accounting and settlement systems, and to build out communications infrastructure.  The Utility operating companies also expect to make filings later in 2011 with their retail regulators regarding the transfer of control of their transmission assets to MISO.  The target implementation date for joining MISO is December 2013.

In June 2011, MISO filed with the FERC a request for a transitional waiver of provisions of its open access transmission energy and operating reserve markets tariff regarding allocation of transmission network upgrade costs, in order to establish a transition for the integration of the Utility operating companies.  Several parties have intervened in the proceeding, including Entergy, the APSC, the LPSC, and the City Council, and some of the parties have also filed comments or protests.  A procedural schedule has not been established.

Market and Credit Risk Sensitive Instruments

Commodity Price Risk

Power Generation

As discussed more fully in the Form 10-K, the sale of electricity from the power generation plants owned by Entergy Wholesale Commodities, unless otherwise contracted, is subject to the fluctuation of market power prices.  Following is an updated summary of the amount of Entergy Wholesale Commodities nuclear power plants’ planned energy output that is sold forward under physical or financial contracts as of August 2, 2011 (2011 represents the remainder of the year):

	2011	2012	2013	2014	2015
Percent of planned generation sold forward:
Unit-contingent	76%	59%	36%	14%	12%
Unit-contingent with guarantee of availability (1)	20%	14%	16%	13%	13%
Firm LD	3%	24%	24%	8%	-%
Offsetting positions	(3)%	(10)%	-%	-%	-%
Total energy sold forward	96%	87%	76%	35%	25%
Planned generation (TWh) (2)	21	41	40	41	41
Average revenue under contract per MWh (3) (4)	$54	$49	$45-51	$49-55	$49-57

(1) A sale of power on a unit-contingent basis coupled with a guarantee of availability provides for the payment to the power purchaser of contract damages, if incurred, in the event the seller fails to deliver power as a result of the failure of the specified generation unit to generate power at or above a specified availability threshold.  All of Entergy’s outstanding guarantees of availability provide for dollar limits on Entergy’s maximum liability under such guarantees.

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(2)	Assumes NRC license renewal for plants whose current licenses expire within five years and the continued operation of all six plants.  NRC license renewal applications are in process for three units, as follows (with current license expirations in parentheses): Pilgrim (June 2012), Indian Point 2 (September 2013), and Indian Point 3 (December 2015).  See also Note 11 to the financial statements for a discussion regarding the continued operation of Vermont Yankee.
(3)	The Vermont Yankee acquisition included a 10-year PPA under which the former owners will buy most of the power produced by the plant through March 21, 2012.  The PPA includes an adjustment clause under which the prices specified in the PPA will be adjusted downward monthly, beginning in November 2005, if power market prices drop below PPA prices, which has not happened thus far.
(4)	Average revenue under contract may fluctuate due to factors including positive or negative basis differentials, option premiums and market prices at time of option expiration, costs to convert firm LD to unit-contingent, and other risk management costs.  Also, average revenue under contract excludes payments owed under the value sharing agreement with NYPA.

Entergy estimates that a $10 per MWh change in the annual average energy price in the markets in which the Entergy Wholesale Commodities nuclear business sells power, based on June 30, 2011 market conditions, planned generation volume, and hedged position, would have a corresponding effect on pre-tax net income of $9 million in 2011.

Some of the agreements to sell the power produced by Entergy Wholesale Commodities’ nuclear power plants contain provisions that require an Entergy subsidiary to provide collateral to secure its obligations under the agreements.  The Entergy subsidiary is required to provide collateral based upon the difference between the current market and contracted power prices in the regions where Entergy Wholesale Commodities sells power.  The primary form of collateral to satisfy these requirements is an Entergy Corporation guaranty.  Cash and letters of credit are also acceptable forms of collateral.  At June 30, 2011, based on power prices at that time, Entergy had liquidity exposure of $61 million under the guarantees in place supporting Entergy Nuclear Power Marketing (a subsidiary in the Entergy Wholesale Commodities segment) transactions, $20 million of guarantees that support letters of credit, and $6 million of posted cash collateral to the ISOs.  As of June 30, 2011, the credit exposure associated with Entergy Wholesale Commodities assurance requirements would increase by $116 million for a $1 per MMBtu increase in gas prices in both the short-and long-term markets.   In the event of a decrease in Entergy Corporation’s credit rating to below investment grade, based on power prices as of June 30, 2011, Entergy would have been required to provide approximately $53 million of additional cash or letters of credit under some of the agreements.

As of June 30, 2011, the counterparties or their guarantors for 99.8% of the planned energy output under contract for Entergy Wholesale Commodities through 2015 have public investment grade credit ratings and 0.2% is with load-serving entities without public credit ratings.

In addition to selling the power produced by its plants, Entergy Wholesale Commodities sells unforced capacity to load-serving distribution companies in order for those companies to meet requirements placed on them by the ISO in their area.  Following is a summary of the amount of the Entergy Wholesale Commodities nuclear plants’ installed capacity that is currently sold forward, and the blended amount of Entergy Wholesale Commodities nuclear plants’ planned generation output and installed capacity that is sold forward as of August 2, 2011 (2011 represents the remainder of the year):

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	2011	2012	2013	2014	2015
Percent of capacity sold forward:
Bundled capacity and energy contracts	26%	18%	16%	16%	16%
Capacity contracts	33%	30%	26%	25%	11%
Total capacity sold forward	59%	48%	42%	41%	27%
Planned net MW in operation	4,998	4,998	4,998	4,998	4,998
Average revenue under contract per kW per month (applies to capacity contracts only)	$2.4	$2.9	$3.2	$3.1	$2.9
Blended Capacity and Energy Recap (based on revenues)
% of planned generation and capacity sold forward	96%	87%	74%	37%	25%
Blended revenue under contract per MWh	$55	$51	$49	$54	$56

Nuclear Matters

After the nuclear incident in Japan resulting from the March 2011 earthquake and tsunami, the NRC established a task force to conduct a review of processes and regulations relating to nuclear facilities in the United States.  The task force issued a near term (90-day) report in July 2011 that has made recommendations, which are currently being evaluated.  The lessons learned from the events in Japan and the NRC recommendations may affect future operations of U.S. nuclear facilities, including Entergy's, and could, among other things, result in increased costs and capital requirements associated with operating Entergy's nuclear plants.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in Entergy’s accounting for nuclear decommissioning costs, unbilled revenue, impairment of long-lived assets and trust fund investments, qualified pension and other postretirement benefits, and other contingencies.  Following is an update to that discussion.  For updates of the impairment of long-lived assets discussion regarding Vermont Yankee see Note 11 to the financial statements herein.

Nuclear Decommissioning Costs

In the first quarter 2011, System Energy recorded a revision to its estimated decommissioning cost liability for Grand Gulf as a result of a revised decommissioning cost study.  The revised estimate resulted in a $38.9 million reduction in its decommissioning liability, along with a corresponding reduction in the related regulatory asset. 

New Accounting Pronouncements

The accounting standard-setting process, including projects between the FASB and the International Accounting Standards Board (IASB) to converge U.S. GAAP and International Financial Reporting Standards, is ongoing and the FASB and the IASB are each currently working on several projects that have not yet resulted in final pronouncements.  Final pronouncements that result from these projects could have a material effect on Entergy’s future net income or financial position.

In May 2011 the FASB issued ASU No. 2011-4, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs,” which states that the ASU explains how to measure fair value.  The ASU states that:  1) the amendments in the ASU result in common fair value measurement and disclosure requirements in U.S. GAAP and International Financial Reporting Standards; 2) consequently, the amendments change the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements; 3) for many of the requirements, the

16

FASB does not intend for the ASU to result in a change in the application of the requirements of current U.S. GAAP; 4) some of the amendments clarify the FASB’s intent about the application of existing fair value measurement requirements; and 5) other amendments change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements.  ASU No. 2011-4 is effective for Entergy for the first quarter 2012.  Entergy does not expect ASU No. 2011-4 to affect materially its results of operations, financial position, or cash flows.

In June 2011 the FASB issued ASU No. 2011-5, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income.”  The amendments require that all non-owner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  ASU No. 2011-5 is effective for Entergy for the first quarter 2012.  ASU No. 2011-5 will have no effect on Entergy’s results of operations, financial position, or cash flows.

17

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18

ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands, Except Share Data)
OPERATING REVENUES
Electric	$	2,212,038		$	2,214,108		$	4,077,936		$	4,221,038
Natural gas		28,891			31,136			100,014			127,163
Competitive businesses		562,350			617,706			1,166,538			1,274,095
TOTAL		2,803,279			2,862,950			5,344,488			5,622,296
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		563,333			631,546			1,071,026			1,190,214
Purchased power		451,227			416,458			813,845			891,361
Nuclear refueling outage expenses		62,966			64,221			126,951			126,510
Other operation and maintenance		712,496			700,204			1,368,245			1,402,692
Decommissioning		55,497			52,467			110,762			104,043
Taxes other than income taxes		129,215			126,968			254,449			262,380
Depreciation and amortization		264,206			255,567			529,090			524,771
Other regulatory charges (credits) - net		5,601			(10,722	)		491			17,370
TOTAL		2,244,541			2,236,709			4,274,859			4,519,341
OPERATING INCOME		558,738			626,241			1,069,629			1,102,955
OTHER INCOME
Allowance for equity funds used during construction		20,753			17,630			38,042			30,926
Interest and investment income		35,921			34,955			62,668			83,164
Miscellaneous - net		(16,962	)		(16,780	)		(26,360	)		(17,302	)
TOTAL		39,712			35,805			74,350			96,788
INTEREST EXPENSE
Interest expense		136,049			148,179			272,183			327,379
Allowance for borrowed funds used during construction		(9,150	)		(10,323	)		(17,684	)		(18,325	)
TOTAL		126,899			137,856			254,499			309,054
INCOME BEFORE INCOME TAXES		471,551			524,190			889,480			890,689
Income taxes		150,953			203,907			315,203			351,592
CONSOLIDATED NET INCOME		320,598			320,283			574,277			539,097
Preferred dividend requirements of subsidiaries		5,015			5,017			10,031			10,033
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	315,583		$	315,266		$	564,246		$	529,064
Earnings per average common share:
Basic	$	1.77		$	1.67		$	3.16		$	2.80
Diluted	$	1.76		$	1.65		$	3.14		$	2.77
Dividends declared per common share	$	0.83		$	0.83		$	1.66		$	1.58
Basic average number of common shares outstanding		177,808,890			188,776,240			178,318,784			188,988,284
Diluted average number of common shares outstanding		178,925,180			190,717,958			179,502,551			190,999,699
See Notes to Financial Statements.

19

ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Consolidated net income	$	574,277		$	539,097
Adjustments to reconcile consolidated net income to net cash flow
provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization		852,028			831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued		305,121			342,641
Changes in working capital:
Receivables		(168,253	)		(177,445	)
Fuel inventory		(5,457	)		5,002
Accounts payable		(76,803	)		23,094
Prepaid taxes and taxes accrued		(2,810	)		10,104
Interest accrued		(39,404	)		(28,815	)
Deferred fuel		(198,052	)		(2,070	)
Other working capital accounts		(112,386	)		(126,824	)
Changes in provisions for estimated losses		(5,954	)		(30,218	)
Changes in other regulatory assets		96,549			(22,703	)
Changes in pensions and other postretirement liabilities		(232,306	)		(74,187	)
Other		(9,301	)		178,373
Net cash flow provided by operating activities		977,249			1,467,834
INVESTING ACTIVITIES
Construction/capital expenditures		(991,293	)		(918,582	)
Allowance for equity funds used during construction		38,681			30,926
Nuclear fuel purchases		(403,168	)		(218,829	)
Payment for purchase of plant		(299,590	)		-
Proceeds from sale of assets and businesses		-			9,675
Changes in securitization account		9,106			(22,528	)
NYPA value sharing payment		(72,000	)		(72,000	)
Payments to storm reserve escrow account		(3,294	)		(3,030	)
Receipts from storm reserve escrow account		-			9,925
Decrease (increase) in other investments		(42,994	)		55,430
Proceeds from nuclear decommissioning trust fund sales		636,359			1,487,387
Investment in nuclear decommissioning trust funds		(699,530	)		(1,531,275	)
Net cash flow used in investing activities		(1,827,723	)		(1,172,901	)
See Notes to Financial Statements.

20

ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt		1,075,180			525,789
Common stock and treasury stock		16,958			8,716
Retirement of long-term debt		(555,940	)		(774,772	)
Repurchase of common stock		(159,602	)		(137,749	)
Changes in credit borrowings - net		15,960			17,123
Dividends paid:
Common stock		(296,355	)		(298,796	)
Preferred stock		(10,031	)		(10,033	)
Net cash flow provided by (used in) financing activities		86,170			(669,722	)
Effect of exchange rates on cash and cash equivalents		(310	)		762
Net decrease in cash and cash equivalents		(764,614	)		(374,027	)
Cash and cash equivalents at beginning of period		1,294,472			1,709,551
Cash and cash equivalents at end of period	$	529,858		$	1,335,524
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	267,493		$	268,624
Income taxes	$	77		$	26,054
See Notes to Financial Statements.

21

ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	94,968		$	76,290
Temporary cash investments		434,890			1,218,182
Total cash and cash equivalents		529,858			1,294,472
Securitization recovery trust account		33,938			43,044
Accounts receivable:
Customer		693,937			602,796
Allowance for doubtful accounts		(31,002	)		(31,777	)
Other		162,190			161,662
Accrued unbilled revenues		377,977			302,901
Total accounts receivable		1,203,102			1,035,582
Deferred fuel costs		111,444			64,659
Accumulated deferred income taxes		6,975			8,472
Fuel inventory - at average cost		212,982			207,520
Materials and supplies - at average cost		869,341			866,908
Deferred nuclear refueling outage costs		287,282			218,423
System agreement cost equalization		66,351			52,160
Prepaid taxes		304,617			301,807
Prepayments and other		237,252			246,036
TOTAL		3,863,142			4,339,083
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity		44,172			40,697
Decommissioning trust funds		3,775,026			3,595,716
Non-utility property - at cost (less accumulated depreciation)		260,614			257,847
Other		412,090			405,946
TOTAL		4,491,902			4,300,206
PROPERTY, PLANT AND EQUIPMENT
Electric		38,179,664			37,153,061
Property under capital lease		790,533			800,078
Natural gas		336,814			330,608
Construction work in progress		1,799,906			1,661,560
Nuclear fuel		1,451,087			1,377,962
TOTAL PROPERTY, PLANT AND EQUIPMENT		42,558,004			41,323,269
Less - accumulated depreciation and amortization		17,919,151			17,474,914
PROPERTY, PLANT AND EQUIPMENT - NET		24,638,853			23,848,355
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		841,137			845,725
Other regulatory assets (includes securitization property of
$852,723 as of June 30, 2011 and $882,346 as of
December 31, 2010)		3,736,785			3,838,237
Deferred fuel costs		172,202			172,202
Goodwill		377,172			377,172
Accumulated deferred income taxes		80,910			54,523
Other		927,658			909,773
TOTAL		6,135,864			6,197,632
TOTAL ASSETS	$	39,129,761		$	38,685,276
See Notes to Financial Statements.

22

ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt	$	128,062		$	299,548
Notes payable		130,795			154,135
Accounts payable		1,044,217			1,181,099
Customer deposits		345,079			335,058
Accumulated deferred income taxes		99,147			49,307
Interest accrued		178,280			217,685
Deferred fuel costs		15,142			166,409
Obligations under capital leases		3,599			3,388
Pension and other postretirement liabilities		40,235			39,862
System agreement cost equalization		66,351			52,160
Other		191,497			277,598
TOTAL		2,242,404			2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		8,867,158			8,573,646
Accumulated deferred investment tax credits		284,852			292,330
Obligations under capital leases		40,177			42,078
Other regulatory liabilities		578,821			539,026
Decommissioning and asset retirement cost liabilities		3,218,881			3,148,479
Accumulated provisions		390,089			395,250
Pension and other postretirement liabilities		1,942,685			2,175,364
Long-term debt (includes securitization bonds of $895,824 as of
June 30, 2011 and $931,131 as of December 31, 2010)		12,057,368			11,317,157
Other		599,015			618,559
TOTAL		27,979,046			27,101,889
Commitments and Contingencies
Subsidiaries' preferred stock without sinking fund		216,745			216,738
EQUITY
Common Shareholders' Equity:
Common stock, $.01 par value, authorized 500,000,000 shares;
issued 254,752,788 shares in 2011 and in 2010		2,548			2,548
Paid-in capital		5,366,132			5,367,474
Retained earnings		8,957,516			8,689,401
Accumulated other comprehensive loss		(75,156	)		(38,212	)
Less - treasury stock, at cost (77,919,322 shares in 2011 and
76,006,920 shares in 2010)		5,653,474			5,524,811
Total common shareholders' equity		8,597,566			8,496,400
Subsidiaries' preferred stock without sinking fund		94,000			94,000
TOTAL		8,691,566			8,590,400
TOTAL LIABILITIES AND EQUITY	$	39,129,761		$	38,685,276
See Notes to Financial Statements.

23

ENTERGY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
				Common Shareholders' Equity
	Subsidiaries' Preferred Stock			Common Stock		Treasury Stock			Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Total
Balance at December 31, 2009	$	94,000		$	2,548	$	(4,727,167	)	$	5,370,042		$	8,043,122		$	(75,185	)	$	8,707,360
Consolidated net income (a)		10,033			-		-			-			529,064			-			539,097
Other comprehensive income:
Cash flow hedges net unrealized      gain (net of tax expense of      $36,587)		-			-		-			-			-			59,071			59,071
Pension and other postretirement      liabilities (net of tax expense of      $2,541)		-			-		-			-			-			5,010			5,010
Net unrealized investment losses      (net of tax benefit of $16,078)		-			-		-			-			-			(19,202	)		(19,202	)
Foreign currency translation (net      of tax benefit of $409)		-			-		-			-			-			(759	)		(759	)
Total comprehensive income																			583,217
Common stock repurchases		-			-		(137,749	)		-			-			-			(137,749	)
Common stock issuances related to    stock plans		-			-		13,899			7,077			-			-			20,976
Common stock dividends declared		-			-		-			-			(299,033	)		-			(299,033	)
Preferred dividend requirements of   subsidiaries (a)		(10,033	)		-		-			-			-			-			(10,033	)
Balance at June 30, 2010	$	94,000		$	2,548	$	(4,851,017	)	$	5,377,119		$	8,273,153		$	(31,065	)	$	8,864,738
Balance at December 31, 2010	$	94,000		$	2,548	$	(5,524,811	)	$	5,367,474		$	8,689,401		$	(38,212	)	$	8,590,400
Consolidated net income (a)		10,031			-		-			-			564,246			-			574,277
Other comprehensive income:
Cash flow hedges net unrealized      loss (net of tax benefit of $41,843)		-			-		-			-			-			(71,724	)		(71,724	)
Pension and other postretirement      liabilities (net of tax expense of      $3,057)		-			-		-			-			-			6,598			6,598
Net unrealized investment gains      (net of tax expense of $28,726)		-			-		-			-			-			27,871			27,871
Foreign currency translation (net      of tax expense of $167)		-			-		-			-			-			311			311
Total comprehensive income																			537,333
Common stock repurchases		-			-		(159,602	)		-			-			-			(159,602	)
Common stock issuances related to   stock plans		-			-		30,939			(1,342	)		-			-			29,597
Common stock dividends declared		-			-		-			-			(296,131	)		-			(296,131	)
Preferred dividend requirements of   subsidiaries (a)		(10,031	)		-		-			-			-			-			(10,031	)
Balance at June 30, 2011	$	94,000		$	2,548	$	(5,653,474	)	$	5,366,132		$	8,957,516		$	(75,156	)	$	8,691,566
See Notes to Financial Statements.
(a) Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

24

ENTERGY CORPORATION AND SUBSIDIARIES
SELECTED OPERATING RESULTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars in Millions)
Utility Electric Operating Revenues:
Residential	$	760	$	724	$	36			5
Commercial		575		562		13			2
Industrial		589		570		19			3
Governmental		52		52		-			-
Total retail		1,976		1,908		68			4
Sales for resale		64		62		2			3
Other		172		244		(72	)		(30	)
Total	$	2,212	$	2,214	$	(2	)		-
Utility Billed Electric Energy
Sales (GWh):
Residential		7,993		7,705		288			4
Commercial		6,944		6,803		141			2
Industrial		10,140		9,862		278			3
Governmental		604		581		23			4
Total retail		25,681		24,951		730			3
Sales for resale		1,036		971		65			7
Total		26,717		25,922		795			3
Competitive Businesses:
Operating Revenues	$	562	$	618	$	(56	)		(9	)
Billed Electric Energy Sales (GWh)		10,652		10,498		154			1
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars in Millions)
Utility Electric Operating Revenues:
Residential	$	1,508	$	1,542	$	(34	)		(2	)
Commercial		1,076		1,088		(12	)		(1	)
Industrial		1,068		1,091		(23	)		(2	)
Governmental		99		102		(3	)		(3	)
Total retail		3,751		3,823		(72	)		(2	)
Sales for resale		128		145		(17	)		(12	)
Other		199		253		(54	)		(21	)
Total	$	4,078	$	4,221	$	(143	)		(3	)
Utility Billed Electric Energy
Sales (GWh):
Residential		17,034		17,350		(316	)		(2	)
Commercial		13,394		13,275		119			1
Industrial		19,657		18,596		1,061			6
Governmental		1,186		1,173		13			1
Total retail		51,271		50,394		877			2
Sales for resale		1,983		2,287		(304	)		(13	)
Total		53,254		52,681		573			1
Competitive Businesses:
Operating Revenues	$	1,167	$	1,274	$	(107	)		(8	)
Billed Electric Energy Sales (GWh)		21,171		21,626		(455	)		(2	)

25

ENTERGY CORPORATION AND SUBSIDIARIES

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

NOTE 1.  COMMITMENTS AND CONTINGENCIES  (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy and the Registrant Subsidiaries are involved in a number of legal, regulatory, and tax proceedings before various courts, regulatory commissions, and governmental agencies in the ordinary course of business.  While management is unable to predict the outcome of such proceedings, management does not believe that the ultimate resolution of these matters will have a material adverse effect on Entergy’s results of operations, cash flows, or financial condition, except as otherwise discussed in the Form 10-K or in this report.  Entergy discusses regulatory proceedings in Note 2 to the financial statements in the Form 10-K and herein, discusses tax proceedings in Note 3 to the financial statements in the Form 10-K and Note 10 to the financial statements herein, and discusses a judicial proceeding involving Vermont Yankee in Note 11 to the financial statements herein.

Nuclear Insurance

See Note 8 to the financial statements in the Form 10-K for information on nuclear liability and property insurance associated with Entergy’s nuclear power plants.

Conventional Property Insurance

See Note 8 to the financial statements in the Form 10-K for information on Entergy’s non-nuclear property insurance program.

Employment Litigation

The Registrant Subsidiaries and other Entergy subsidiaries are responding to various lawsuits in both state and federal courts and to other labor-related proceedings filed by current and former employees and third parties not selected for open positions.  These actions include, but are not limited to, allegations of wrongful employment actions; wage disputes and other claims under the Fair Labor Standards Act or its state counterparts; claims of race, gender and disability discrimination; disputes arising under collective bargaining agreements; unfair labor practice proceedings and other administrative proceedings before the National Labor Relations Board; claims of retaliation; and claims for or regarding benefits under various Entergy Corporation sponsored plans.  Entergy and the Registrant Subsidiaries are responding to these lawsuits and proceedings and deny liability to the claimants.

Asbestos Litigation  (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas)

See Note 8 to the financial statements in the Form 10-K for information regarding asbestos litigation at Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas.

26

Entergy Corporation and Subsidiaries

Notes to Financial Statements

NOTE 2.  RATE AND REGULATORY MATTERS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Regulatory Assets

See Note 2 to the financial statements in the Form 10-K for information regarding regulatory assets in the Utility business presented on the balance sheets of Entergy and the Registrant Subsidiaries.  Following is an update to that information.

Fuel and Purchased Power Cost Recovery

Entergy Gulf States Louisiana

In January 2003 the LPSC authorized its staff to initiate a proceeding to audit the fuel adjustment clause filings of Entergy Gulf States Louisiana and its affiliates.  The audit includes a review of the reasonableness of charges flowed by Entergy Gulf States Louisiana through its fuel adjustment clause for the period 1995 through 2004.  The LPSC Staff issued its audit report in December 2010.  The report recommends the disallowance of $23 million of costs which, with interest, would total $43 million.  $2 million of this total relates to a realignment to and recovery through base rates of certain SO2 costs.  Entergy Gulf States Louisiana filed comments disputing the findings in the report.  Entergy Gulf States Louisiana and the LPSC Staff have reached a settlement that, if approved by the LPSC, will resolve this matter.  The settlement requires Entergy Gulf States Louisiana to refund $18 million to customers, including the realignment to base rates of the $2 million of SO2 costs.  The procedural schedule requires Entergy Gulf States Louisiana and the LPSC Staff to file the settlement by August 29, 2011, with hearings to take place either in September 2011, if the settlement is uncontested, or in late October or early November 2011, if the settlement is contested.  The Louisiana Energy Users Group is the sole active intervenor in the case and is currently reviewing the settlement.  Entergy Gulf States Louisiana has recorded provisions for the estimated effect of this proceeding.

In April 2010 the LPSC authorized its staff to initiate an audit of Entergy Gulf States Louisiana’s purchased gas adjustment clause filings for its gas distribution operations.  The audit includes a review of the reasonableness of charges flowed through by Entergy Gulf States Louisiana for the period from 2003 through 2008.  Discovery is complete and, in June 2011, the LPSC staff filed an audit report generally supporting the appropriateness of charges flowed through the purchased gas adjustment clause filings.  LPSC consideration of the audit report is pending.

Entergy Texas

In December 2010, Entergy Texas filed with the PUCT a request to refund fuel cost recovery over-collections through October 2010.  Pursuant to a stipulation among the parties that was approved by the PUCT in March 2011, Entergy Texas refunded over-collections through November 2010 of approximately $73 million, including interest through the refund period.  The refund was made for most customers over a three-month period that began with the February 2011 billing cycle.

Little Gypsy Repowering Project  (Entergy and Entergy Louisiana)

See the Form 10-K for a discussion of the Little Gypsy repowering project.  As discussed in the Form 10-K, in January 2011 all parties conducted a mediation on the disputed issues, and thereafter, reached agreement on a settlement of all disputed issues, including cost recovery and cost allocation.  The settlement provides for Entergy Louisiana to recover $200 million as of March 31, 2011, and carrying costs on that amount on specified terms thereafter.  The settlement also provides for Entergy Louisiana to recover the approved project costs by securitization.  In April 2011, Entergy Louisiana filed an application with the LPSC to authorize the securitization of the

27

Entergy Corporation and Subsidiaries

Notes to Financial Statements

investment recovery costs associated with the project and to issue a financing order by which Entergy Louisiana may accomplish such securitization.  In June 2011 the LPSC issued an order approving the settlement and also issued a financing order for the securitization.  Due to the need for additional public notice to be published in connection with the securitization of the project costs, a filing was made on July 21, 2011, requesting that the LPSC re-approve and re-issue a financing order with respect to the securitization of the investment recovery costs.  Entergy Louisiana will continue its efforts to complete in the third quarter 2011 the securitization of the investment recovery costs.

Retail Rate Proceedings

See Note 2 to the financial statements in the Form 10-K for detailed information regarding retail rate proceedings involving the Utility operating companies.  The following are updates to the Form 10-K.

Filings with the LPSC

(Entergy Gulf States Louisiana)

In January 2011, Entergy Gulf States Louisiana filed with the LPSC its gas rate stabilization plan for the test year ended September 30, 2010.  The filing showed an earned return on common equity of 8.84% and a revenue deficiency of $0.3 million.  In March 2011, the LPSC staff filed its findings, suggesting an adjustment that will produce an 11.76% earned return on common equity for the test year and a $0.2 million rate reduction.  Entergy Gulf States Louisiana implemented the $0.2 million rate reduction effective with the May 2011 billing cycle.  The LPSC docket is now closed.

In May 2011, Entergy Gulf States Louisiana made a special formula rate plan rate implementation filing with the LPSC that implements effective with the May 2011 billing cycle a $5.1 million rate decrease to reflect adjustments in accordance with a previous LPSC order relating to the acquisition of Unit 2 of the Acadia Energy Center by Entergy Louisiana.  As a result of the closing of the acquisition and termination of the pre-acquisition power purchase agreement with Acadia, Entergy Gulf States Louisiana’s allocation of capacity related to this unit ended, resulting in a reduction in the additional capacity revenue requirement.

In May 2011, Entergy Gulf States Louisiana made its formula rate plan filing with the LPSC for the 2010 test year.  The filing reflects an 11.11% earned return on common equity, which is within the allowed earnings bandwidth, indicating no cost of service rate change is necessary under the formula rate plan.  The filing also reflects a $22.8 million rate decrease for incremental capacity costs.  The filing is currently subject to LPSC review.

(Entergy Louisiana)

In May 2011, Entergy Louisiana made a special formula rate plan rate implementation filing with the LPSC that implements effective with the May 2011 billing cycle a $43.1 million net rate increase to reflect adjustments in accordance with a previous LPSC order relating to the acquisition of Unit 2 of the Acadia Energy Center.  The net rate increase represents the decrease in the additional capacity revenue requirement resulting from the termination of the power purchase agreement with Acadia and the increase in the revenue requirement resulting from the ownership of the Acadia facility.  The filing is currently subject to LPSC review.  The May 2011 rate change contributed approximately $9 million to Entergy Louisiana’s revenues in the second quarter 2011.

In May 2011, Entergy Louisiana made its formula rate plan filing with the LPSC for the 2010 test year.  The filing reflects an 11.07% earned return on common equity, which is just outside of the allowed earnings bandwidth and results in no cost of service rate change under the formula rate plan.  The filing also reflects a very slight ($9 thousand) rate increase for incremental capacity costs.  The filing is currently subject to LPSC review.

Filings with the MPSC

In March 2011, Entergy Mississippi submitted its formula rate plan 2010 test year filing.  The filing shows an earned return on common equity of 10.65% for the test year, which is within the earnings bandwidth and results in no change in rates.  The filing is currently subject to MPSC review.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Filings with the City Council

In May 2011, Entergy New Orleans filed its electric and gas formula rate plan evaluation reports for the 2010 test year.  The filings request a $6.5 million electric base revenue decrease and a $1.1 million gas base revenue decrease.  As part of the filing, Entergy New Orleans is also requesting to increase annual funding for its storm reserve by approximately $3.7 million.  The new rates would be effective, if approved, with the first billing cycle in October 2011.  The City Council’s and its Advisors’ review of these filings is pending.

System Agreement Cost Equalization Proceedings

See Note 2 to the financial statements in the Form 10-K for detailed information regarding the System Agreement Cost Equalization Proceedings.  The following are updates to the Form 10-K.

Rough Production Cost Equalization Rates

2011 Rate Filing Based on Calendar Year 2010 Production Costs

In May 2011, Entergy filed with the FERC the 2011 rates in accordance with the FERC’s orders in the System Agreement proceeding.  The filing shows the following payments/receipts among the Utility operating companies for 2011, based on calendar year 2010 production costs, commencing for service in June 2011, are necessary to achieve rough production cost equalization under the FERC’s orders:

	Payments or (Receipts)
	(In Millions)
Entergy Arkansas	$77
Entergy Gulf States Louisiana	($12)
Entergy Louisiana	$-
Entergy Mississippi	($40)
Entergy New Orleans	($25)
Entergy Texas	$-

Several parties intervened in the proceeding at the FERC, including the LPSC, which filed a protest as well.  On July 26, 2011, the FERC accepted Entergy's proposed rates for filing, effective June 1, 2011, subject to refund, set the proceeding for hearing procedures, and then held those procedures in abeyance pending FERC decisions in the prior production cost proceedings currently before the FERC on review.

2010 Rate Filing Based on Calendar Year 2009 Production Costs

In May 2010, Entergy filed with the FERC the 2010 rates in accordance with the FERC’s orders in the System Agreement proceeding, and supplemented the filing in September 2010.  Several parties intervened in the proceeding at the FERC, including the LPSC and the City Council, which have also filed protests.  In July 2010 the FERC accepted Entergy’s proposed rates for filing, effective June 1, 2010, subject to refund, and set the proceeding for hearing and settlement procedures.  Settlement procedures have been terminated, and the ALJ scheduled hearings to begin in March 2011.  Subsequently, in January 2011 the ALJ issued an order directing the parties and FERC staff to show cause why this proceeding should not be stayed pending the issuance of FERC decisions in the prior production cost proceedings currently before the FERC on review.  In March 2011 the ALJ issued an order placing this proceeding in abeyance.  The LPSC’s requests for rehearing and interlocutory appeal of the abeyance order have been denied.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Interruptible Load Proceeding

See the Form 10-K for a discussion of the interruptible load proceeding, including the FERC’s motion requesting the D.C. Circuit hold the appeal of the FERC’s decisions ordering refunds in the interruptible load proceeding in abeyance and remand the record to the FERC.  The D.C. Circuit granted the FERC’s unopposed motion in June 2009.  In December 2009 the FERC established a paper hearing to determine whether the FERC had the authority and, if so, whether it would be appropriate to order refunds resulting from changes in the treatment of interruptible load in the allocation of capacity costs by the Utility operating companies.  In August 2010 the FERC issued an order stating that it has the authority and refunds are appropriate.  The APSC, MPSC, and Entergy requested rehearing of the FERC’s decision.  In June 2011 the FERC issued an order granting rehearing in part and denying rehearing in part, in which the FERC determined to invoke its discretion to deny refunds.  The FERC held that in this case where “the Entergy system as a whole collected the proper level of revenue, but, as was later established incorrectly allocated peak load responsibility among various operating companies….the Commission will apply here our usual practice in such cases, invoking our equitable discretion to not order refunds, notwithstanding our authority to do so.”  The LPSC has requested rehearing of the FERC’s June 2011 decision.

In September 2010 the FERC had issued an order setting the refund report filed in the proceeding in November 2007 for hearing and settlement judge procedures.  In May 2011, Entergy filed a settlement agreement that resolved all issues relating to the refund report set for hearing.  In June 2011 the settlement judge certified the settlement as uncontested and the settlement agreement is currently pending before the FERC.  In July 2011, Entergy filed an amended/corrected refund report and a motion to defer action on the settlement agreement until after the FERC rules on the LPSC’s rehearing request regarding the June 2011 decision denying refunds.

NOTE 3.  EQUITY  (Entergy Corporation, Entergy Gulf States Louisiana, and Entergy Louisiana)

Common Stock

Earnings per Share

The following tables present Entergy’s basic and diluted earnings per share calculations included on the consolidated income statement:

	For the Three Months Ended June 30,
	2011			2010
	(In Millions, Except Per Share Data)
Basic earnings per share	Income	Shares	$/share	Income	Shares	$/share
Net income attributable to   Entergy Corporation	$315.6	177.8	$1.77	$315.3	188.8	$1.67
Average dilutive effect of:
Stock options	-	1.0	(0.01)	-	1.9	(0.02)
Restricted stock	-	0.1	-	-	-	-
Diluted earnings per share	$315.6	178.9	$1.76	$315.3	190.7	$1.65

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

	For the Six Months Ended June,
	2011			2010
	(In Millions, Except Per Share Data)
Basic earnings per share	Income	Shares	$/share	Income	Shares	$/share
Net income attributable to   Entergy Corporation	$564.2	178.3	$3.16	$529.1	189.0	$2.80
Average dilutive effect of:
Stock options	-	1.0	(0.02)	-	2.0	(0.03)
Restricted stock	-	0.2	-	-	-	-
Diluted earnings per share	$564.2	179.5	$3.14	$529.1	191.0	$2.77

Entergy’s stock options and other equity compensation plans are discussed in Note 5 herein, and in Note 12 to the financial statements in the Form 10-K.

Treasury Stock

During the six months ended June 30, 2011, Entergy Corporation issued 424,598 shares of its previously repurchased common stock to satisfy stock option exercises and other stock-based awards.  Also during the six months ended June 30, 2011, Entergy Corporation repurchased 2,337,000 shares of its common stock for a total purchase price of $159.6 million.

Retained Earnings

On July 29, 2011 Entergy Corporation’s Board of Directors declared a common stock dividend of $0.83 per share, payable on September 1, 2011 to holders of record as of August 11, 2011.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana.  Accumulated other comprehensive loss in the balance sheets included the following components:

	Entergy		Entergy Gulf States Louisiana		Entergy Louisiana
	June 30, 2011	December 31, 2010	June 30, 2011	December 31, 2010	June 30, 2011	December 31, 2010
	(In Thousands)
Cash flow hedges net  unrealized gain	$34,534	$106,258	$-	$-	$-	$-
Pension and other  postretirement liabilities	(269,868)	(276,466)	(39,075)	(40,304)	(23,861)	(24,962)
Net unrealized investment  gains	157,556	129,685	-	-	-	-
Foreign currency translation	2,622	2,311	-	-	-	-
Total	($75,156)	($38,212)	($39,075)	($40,304)	($23,861)	($24,962)

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Other comprehensive income and total comprehensive income for the six months ended June 30, 2011 and 2010 are presented in Entergy’s, Entergy Gulf States Louisiana’s, and Entergy Louisiana’s Statements of Changes in Equity and Comprehensive Income.  Other comprehensive income and total comprehensive income, for the three months ended June 30, 2011 and 2010, are (all of the components of other comprehensive income are attributable to common equity):

	Entergy
Three Months Ended June 30,	2011	2010
	(In Thousands)
Consolidated net income	$320,598	$320,283
Other comprehensive income
Cash flow hedges net unrealized loss (a)	(13,516)	(83,467)
Pension and other postretirement liabilities (b)	2,339	3,205
Net unrealized investment gain (loss) (c)	3,186	(36,043)
Foreign currency translation (d)	11	(152)
Total	$312,618	$203,826

(a)	Net of tax benefit of $7,208 and $50,672, respectively.
(b)	Net of tax expense of $1,964 and $1,650, respectively.
(c)	Net of tax expense (benefit) of $3,386 and ($33,891), respectively.
(d)	Net of tax expense (benefit) of $6 and ($82), respectively.

	Entergy Gulf States Louisiana		Entergy Louisiana
Three Months Ended June 30,	2011	2010	2011	2010
	(In Thousands)
Net income	$49,310	$32,154	$75,103	$61,259
Other comprehensive income
Pension and other postretirement liabilities (e)	486	519	367	445
Total	$49,796	$32,673	$75,470	$61,704

(e) Net of tax expense of $508, $505, $365, and $377, respectively.

NOTE 4.  REVOLVING CREDIT FACILITIES, LINES OF CREDIT, SHORT-TERM BORROWINGS, AND LONG-TERM DEBT(Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation has in place a credit facility that expires in August 2012 and has a borrowing capacity of approximately $3.5 billion.  Entergy Corporation also has the ability to issue letters of credit against the total borrowing capacity of the credit facility.  The facility fee is currently 0.125% of the commitment amount.  Facility fees and interest rates on loans under the credit facility can fluctuate depending on the senior unsecured debt ratings of Entergy Corporation.  The weighted average interest rate for the six months ended June 30, 2011 was 0.762% on the drawn portion of the facility.  Following is a summary of the borrowings outstanding and capacity available under the facility as of June 30, 2011.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Capacity	Borrowings	Letters of Credit	Capacity Available
(In Millions)
$3,465	$1,895	$25	$1,545

Entergy Corporation’s facility requires it to maintain a consolidated debt ratio of 65% or less of its total capitalization.  Entergy is in compliance with this covenant.  If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Utility operating companies (except Entergy New Orleans) defaults on other indebtedness or is in bankruptcy or insolvency proceedings, an acceleration of the facility maturity date may occur.

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy Texas each had credit facilities available as of June 30, 2011 as follows:

Company	Expiration Date	Amount of Facility	Interest Rate (a)	Amount Drawn as of June 30, 2011
Entergy Arkansas	April 2012	$78 million (b)	3.25%	-
Entergy Gulf States Louisiana	August 2012	$100 million (c)	0.60%	-
Entergy Louisiana	August 2012	$200 million (d)	0.61%	$100 million
Entergy Mississippi	May 2012	$35 million (e)	1.94%	-
Entergy Mississippi	May 2012	$25 million (e)	1.94%	-
Entergy Mississippi	May 2012	$10 million (e)	1.94%	-
Entergy Texas	August 2012	$100 million (f)	0.66%	-

(a)	The interest rate is the rate as of June 30, 2011 that would be applied to outstanding borrowings under the facility.
(b)	The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization.  Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable.
(c)	The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility.  As of June 30, 2011, no letters of credit were outstanding.  The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(d)	The credit facility allows Entergy Louisiana to issue letters of credit against the borrowing capacity of the facility.  As of June 30, 2011, no letters of credit were outstanding.  The credit facility requires Entergy Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(e)	Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable.  Entergy Mississippi is required to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(f)	The credit facility allows Entergy Texas to issue letters of credit against the borrowing capacity of the facility.  As of June 30, 2011, no letters of credit were outstanding.  The credit facility requires Entergy Texas to maintain a consolidated debt ratio of 65% or less of its total capitalization.  Pursuant to the terms of the credit agreement securitization bonds are excluded from debt and capitalization in calculating the debt ratio.

The facility fees on the credit facilities range from 0.09% to 0.15% of the commitment amount.

The short-term borrowings of the Registrant Subsidiaries are limited to amounts authorized by the FERC.  The current FERC-authorized limits are effective through October 31, 2011 under a FERC order dated October 14, 2009. In addition to borrowings from commercial banks, these companies are authorized under a FERC order to borrow from the Entergy System money pool.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ dependence on external short-term borrowings.  Borrowings from the money pool and external borrowings combined may not exceed the FERC-authorized limits.  The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of June 30, 2011 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

	Authorized	Borrowings
	(In Millions)
Entergy Arkansas	$250	-
Entergy Gulf States Louisiana	$200	-
Entergy Louisiana	$250	$212
Entergy Mississippi	$175	$27
Entergy New Orleans	$100	-
Entergy Texas	$200	$21
System Energy	$200	-

Variable Interest Entities (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)

See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  The variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of June 30, 2011:

Company	Expiration Date	Amount of Facility	Weighted Average Interest Rate on Borrowings  (a)	Amount Outstanding as of June 30, 2011
	(Dollars in Millions)
Entergy Arkansas VIE	July 2013	$85	2.34%	$37.6
Entergy Gulf States Louisiana VIE	July 2013	$85	2.13%	$56.3
Entergy Louisiana VIE	July 2013	$90	2.28%	$64.2
System Energy VIE	July 2013	$100	2.28%	$0.5

(a)   Includes letter of credit fees and bank fronting fees on commercial paper issuances by the VIEs for Entergy Arkansas, Entergy Louisiana, and System Energy.  The VIE for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.

The amount outstanding on Entergy Gulf States Louisiana’s credit facility is included in long-term debt on its balance sheet and the commercial paper outstanding for the other VIEs is classified as a current liability on the respective balance sheets.  The commitment fees on the credit facilities are 0.20% of the undrawn commitment amount.  Each credit facility requires the respective lessee (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, or Entergy Corporation as guarantor for System Energy) to maintain a consolidated debt ratio of 70% or less of its total capitalization.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The variable interest entities had notes payable that are included in long-term debt on the respective balance sheets as of June 30, 2011 as follows:

Company	Description	Amount
Entergy Arkansas VIE	5.60% Series G due September 2011	$35 million
Entergy Arkansas VIE	9% Series H due June 2013	$30 million
Entergy Arkansas VIE	5.69% Series I due July 2014	$70 million
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Gulf States Louisiana VIE	5.56% Series N due May 2013	$75 million
Entergy Gulf States Louisiana VIE	5.41% Series O due July 2012	$60 million
Entergy Louisiana VIE	5.69% Series E due July 2014	$50 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
System Energy VIE	6.29% Series F due September 2013	$70 million
System Energy VIE	5.33% Series G due April 2015	$60 million

In accordance with regulatory treatment, interest on the nuclear fuel company variable interest entities’ credit facilities, commercial paper, and long-term notes payable is reported in fuel expense.

Debt Issuances and Redemptions

(Entergy Louisiana)

In March 2011, Entergy Louisiana issued $200 million of 4.80% Series first mortgage bonds due May 2021.  Entergy Louisiana used the proceeds, together with other available funds, to purchase Unit 2 of the Acadia Energy Center, a 580MW generating unit located near Eunice, Louisiana.

(Entergy Mississippi)

In April 2011, Entergy Mississippi issued $150 million of 6.0% Series first mortgage bonds due May 2051. Entergy Mississippi used a portion of the proceeds to pay at maturity its $80 million 4.65% Series first mortgage bonds due May 2011.

In May 2011, Entergy Mississippi issued $125 million of 3.25% Series first mortgage bonds due June 2016.  Entergy Mississippi used a portion of the proceeds to pay prior to maturity its $100 million 5.92% Series first mortgage bonds due February 2016.

Fair Value

The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of June 30, 2011 are as follows:

	Book Value of Long-Term Debt	Fair Value of Long-Term Debt (a) (b)
	(In Thousands)
Entergy	$12,185,430	$11,797,794
Entergy Arkansas	$1,914,895	$1,769,498
Entergy Gulf States Louisiana	$1,616,551	$1,666,022
Entergy Louisiana	$2,096,561	$1,900,873
Entergy Mississippi	$920,409	$957,438
Entergy New Orleans	$166,714	$171,567
Entergy Texas	$1,628,270	$1,807,543
System Energy	$787,011	$628,293

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

(a)	The values exclude lease obligations of $194 million at Entergy Louisiana and $179 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $158 million at Entergy, and include debt due within one year.
(b)	Fair values are based on prices derived by independent third parties that use inputs such as benchmark yields, reported trades, broker/dealer quotes, and issuer spreads.

 NOTE 5.  STOCK-BASED COMPENSATION (Entergy Corporation)

Entergy grants stock awards, which are described more fully in Note 12 to the financial statements in the Form 10-K.  Awards under Entergy’s plans generally vest over three years.

Stock Options

Entergy granted 388,200 stock options during the first quarter 2011 with a weighted-average fair value of $11.48.  At June 30, 2011, there were 11,140,268 stock options outstanding with a weighted-average exercise price of $73.63.  The intrinsic value, which has no effect on net income, of the outstanding stock options is calculated by the difference in the weighted average exercise price of the stock options granted and Entergy Corporation’s common stock price as of June 30, 2011.  Because Entergy’s stock price at June 30, 2011 is less than the weighted average exercise price, the aggregate intrinsic value of the stock options outstanding as of June 30, 2011 was zero. The intrinsic value of “in the money” stock options is $62.1 million as of June 30, 2011.

The following table includes financial information for stock options for the second quarter and six months ended June 30 for each of the years presented:

	2011	2010
	(In Millions)
Compensation expense included in Entergy’s net income for the second quarter	$2.5	$3.7
Tax benefit recognized in Entergy’s net income for the second quarter	$1.0	$1.4
Compensation expense included in Entergy’s net income for the six months ended June 30,	$5.5	$7.6
Tax benefit recognized in Entergy’s net income for the six months ended June 30,	$2.1	$2.9
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$1.0	$1.4

Restricted Stock Awards

In January 2011, the Board approved and Entergy granted 166,800 restricted stock awards under the 2007 Equity Ownership and Long-term Cash Incentive Plan.  The grants were made effective as of January 27, 2011 and were valued at $72.79 per share, which was the closing price of Entergy’s common stock on that date.  One-third of the restricted stock awards will vest upon each anniversary of the grant date and are expensed ratably over the three year vesting period.  Shares of restricted stock have the same dividend and voting rights as other common stock and are considered issued and outstanding shares of Entergy upon vesting.

The following table includes financial information for restricted stock for the second quarter and six months ended June 30 for each of the years presented:

	2011	2010
	(In Millions)
Compensation expense included in Entergy’s net income for the second quarter	$1.0	$-
Tax benefit recognized in Entergy’s net income for the second quarter	$0.4	$-
Compensation expense included in Entergy’s net income for the six months ended June 30,	$2.0	$-
Tax benefit recognized in Entergy’s net income for the six months ended June 30	$0.8	$-
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$0.3	$-

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

NOTE 6.  RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

	2011	2010
	(In Thousands)
Service cost - benefits earned during the period	$30,490	$26,239
Interest cost on projected benefit obligation	59,248	57,802
Expected return on assets	(75,319)	(64,902)
Amortization of prior service cost	838	1,164
Amortization of loss	23,244	16,475
Net pension costs	$38,501	$36,778

Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

	2011	2010
	(In Thousands)
Service cost - benefits earned during the period	$60,980	$52,478
Interest cost on projected benefit obligation	118,496	115,604
Expected return on assets	(150,638)	(129,804)
Amortization of prior service cost	1,676	2,328
Amortization of loss	46,488	32,950
Net pension costs	$77,002	$73,556

The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

2011	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$4,518	$2,462	$2,886	$1,327	$561	$1,197	$1,235
Interest cost on projected
benefit obligation	12,991	5,928	8,159	3,909	1,762	3,993	2,939
Expected return on assets	(15,609)	(8,339)	(9,716)	(5,038)	(2,114)	(5,501)	(3,784)
Amortization of prior service
cost	115	20	70	38	9	16	4
Amortization of loss	6,421	2,279	4,497	1,680	1,166	1,394	1,321
Net pension cost	$8,436	$2,350	$5,896	$1,916	$1,384	$1,099	$1,715

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

2010	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$3,944	$2,116	$2,443	$1,163	$516	$1,067	$1,033
Interest cost on projected
benefit obligation	12,319	6,094	7,135	3,807	1,510	3,967	2,252
Expected return on assets	(12,659)	(7,688)	(8,194)	(4,313)	(1,809)	(5,137)	(2,952)
Amortization of prior service
cost	196	75	119	79	44	59	8
Amortization of loss	4,126	1,906	2,151	1,091	636	802	132
Net pension cost	$7,926	$2,503	$3,654	$1,827	$897	$758	$473

The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

2011	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$9,036	$4,924	$5,772	$2,654	$1,122	$2,394	$2,470
Interest cost on projected
benefit obligation	25,982	11,856	16,318	7,818	3,524	7,986	5,878
Expected return on assets	(31,218)	(16,678)	(19,432)	(10,076)	(4,228)	(11,002)	(7,568)
Amortization of prior service
cost	230	40	140	76	18	32	8
Amortization of loss	12,842	4,558	8,994	3,360	2,332	2,788	2,642
Net pension cost	$16,872	$4,700	$11,792	$3,832	$2,768	$2,198	$3,430

2010	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$7,888	$4,232	$4,886	$2,326	$1,032	$2,134	$2,066
Interest cost on projected
benefit obligation	24,638	12,188	14,270	7,614	3,020	7,934	4,504
Expected return on assets	(25,318)	(15,376)	(16,388)	(8,626)	(3,618)	(10,274)	(5,904)
Amortization of prior service
cost	392	150	238	158	88	118	16
Amortization of loss	8,252	3,812	4,302	2,182	1,272	1,604	264
Net pension cost	$15,852	$5,006	$7,308	$3,654	$1,794	$1,516	$946

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Entergy recognized $4.9 million and $11.5 million in pension cost for its non-qualified pension plans in the second quarters of 2011 and 2010, respectively.In the second quarter 2010, Entergy recognized a $6.9 million settlement charge related to the payment of lump sum benefits out of the plan that is included in the non-qualified pension cost above.  Entergy recognized $9.8 million and $16.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2011 and 2010, respectively, including the $6.9 million settlement charge recognized in the second quarter 2010.

The Registrant Subsidiaries recognized the following pension cost for their non-qualified pension plans in the second quarters of 2011 and 2010:

	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
Non-qualified pension cost   second quarter 2011	$115	$42	$4	$48	$16	$192
Non-qualified pension cost   second quarter 2010	$189	$41	$6	$51	$6	$175
Settlement charge recognized   in the second quarter 2010   included in cost above	$86	$ -	$ -	$ -	$ -	$5

The Registrant Subsidiaries recognized the following pension cost for their non-qualified pension plans for the six months ended June 30, 2011 and 2010:

	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
Non-qualified pension cost   six months ended June 30, 2011	$230	$84	$8	$96	$32	$384
Non-qualified pension cost   six months ended June 30, 2010	$290	$82	$12	$101	$13	$345
Settlement charge recognized   in the six months ended   June 30, 2010 included in cost   above	$86	$ -	$ -	$ -	$ -	$5

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

	2011	2010
	(In Thousands)
Service cost - benefits earned during the period	$14,835	$13,078
Interest cost on accumulated postretirement benefit       obligation (APBO)	18,631	19,020
Expected return on assets	(7,369)	(6,553)
Amortization of transition obligation	796	932
Amortization of prior service cost	(3,518)	(3,015)
Amortization of loss	5,298	4,317
Net other postretirement benefit cost	$28,673	$27,779

39

Entergy Corporation and Subsidiaries

Notes to Financial Statements

Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

	2011	2010
	(In Thousands)
Service cost - benefits earned during the period	$29,670	$26,156
Interest cost on APBO	37,262	38,040
Expected return on assets	(14,738)	(13,106)
Amortization of transition obligation	1,592	1,864
Amortization of prior service cost	(7,036)	(6,030)
Amortization of loss	10,596	8,634
Net other postretirement benefit cost	$57,346	$55,558

The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

2011	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$2,013	$1,540	$1,635	$658	$362	$769	$661
Interest cost on APBO	3,436	2,075	2,192	1,093	806	1,486	667
Expected return on assets	(2,882)	-	-	(977)	(800)	(1,874)	(529)
Amortization of transition
obligation	205	60	96	88	298	47	2
Amortization of prior service
cost	(133)	(206)	(62)	(35)	10	(107)	(147)
Amortization of loss	1,610	723	698	540	241	700	369
Net other postretirement
benefit cost	$4,249	$4,192	$4,559	$1,367	$917	$1,021	$1,023

2010	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$1,843	$1,370	$1,371	$550	$347	$697	$563
Interest cost on APBO	3,629	2,144	2,269	1,093	900	1,582	641
Expected return on assets	(2,445)	-	-	(888)	(725)	(1,718)	(468)
Amortization of transition
obligation	205	60	96	88	415	66	2
Amortization of prior service
cost	(197)	(77)	117	(62)	90	19	(191)
Amortization of loss	1,690	663	609	476	274	752	325
Net other postretirement
benefit cost	$4,725	$4,160	$4,462	$1,257	$1,301	$1,398	$872

40

Entergy Corporation and Subsidiaries

Notes to Financial Statements

 The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

2011	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$4,026	$3,080	$3,270	$1,316	$724	$1,538	$1,322
Interest cost on APBO	6,872	4,150	4,384	2,186	1,612	2,972	1,334
Expected return on assets	(5,764)	-	-	(1,954)	(1,600)	(3,748)	(1,058)
Amortization of transition
obligation	410	120	192	176	596	94	4
Amortization of prior service
cost	(266)	(412)	(124)	(70)	20	(214)	(294)
Amortization of loss	3,220	1,446	1,396	1,080	482	1,400	738
Net other postretirement
benefit cost	$8,498	$8,384	$9,118	$2,734	$1,834	$2,042	$2,046

2010	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned
during the period	$3,686	$2,740	$2,742	$1,100	$694	$1,394	$1,126
Interest cost on APBO	7,258	4,288	4,538	2,186	1,800	3,164	1,282
Expected return on assets	(4,890)	-	-	(1,776)	(1,450)	(3,436)	(936)
Amortization of transition
obligation	410	120	192	176	830	132	4
Amortization of prior service
cost	(394)	(154)	234	(124)	180	38	(382)
Amortization of loss	3,380	1,326	1,218	952	548	1,504	650
Net other postretirement
benefit cost	$9,450	$8,320	$8,924	$2,514	$2,602	$2,796	$1,744

Employer Contributions

Based on current assumptions, Entergy expects to contribute $400.5 million to its qualified pension plans in 2011.   As of the end of June 2011, Entergy had contributed $275.1 million to its pension plans.  Therefore, Entergy presently anticipates contributing an additional $125.4 million to fund its qualified pension plans in 2011.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans in 2011:

	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2011 pension   contributions	$120,400	$27,318	$60,597	$29,169	$12,160	$18,235	$28,351
Pension contributions made   through June 2011	$88,004	$17,912	$42,207	$21,169	$8,419	$11,651	$20,546
Remaining estimated pension   contributions to be made in 2011	$32,396	$9,406	$18,390	$8,000	$3,741	$6,584	$7,805

NOTE 7.  BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2011 are 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 and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those 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, including the earnings on the proceeds of sales of previously-owned businesses.

In the fourth quarter 2010, Entergy finished integrating its former Non-Utility Nuclear segment and its non-nuclear wholesale asset business into the new Entergy Wholesale Commodities business in an internal reorganization. The 2010 information in the tables below has been restated to reflect the change in reportable segments.

Entergy’s segment financial information for the second quarters of 2011 and 2010 is as follows:

	Utility	Entergy Wholesale Commodities*	All Other	Eliminations	Consolidated
	(In Thousands)
2011
Operating revenues	$2,241,475	$568,076	$1,038	($7,310)	$2,803,279
Income taxes (benefit)	$139,036	$64,324	($52,407)	$-	$150,953
Consolidated net income	$252,741	$65,556	$29,946	($27,645)	$320,598
2010
Operating revenues	$2,246,108	$622,067	$2,068	($7,293)	$2,862,950
Income taxes (benefit)	$141,047	$67,348	($4,488)	$-	$203,907
Consolidated net income	$230,173	$104,557	$3,912	($18,359)	$320,283

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Entergy’s segment financial information for the six months ended June 30, 2011 and 2010 is as follows:

	Utility	Entergy Wholesale Commodities*	All Other	Eliminations	Consolidated
	(In Thousands)
2011
Operating revenues	$4,179,093	$1,178,223	$2,138	($14,966)	$5,344,488
Income taxes (benefit)	$229,241	$149,265	($63,303)	$-	$315,203
Consolidated net income	$421,394	$188,789	$19,383	($55,289)	$574,277
2010
Operating revenues	$4,349,937	$1,282,466	$4,025	($14,132)	$5,622,296
Income taxes (benefit)	$231,017	$154,888	($34,313)	$-	$351,592
Consolidated net income	$373,144	$195,099	$7,573	($36,719)	$539,097

Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

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.

NOTE 8.  RISK MANAGEMENT AND FAIR VALUES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Market and Commodity Risks

In the normal course of business, Entergy is exposed to a number of market and commodity risks.  Market risk is the potential loss that Entergy may incur as a result of changes in the market or fair value of a particular instrument or commodity.  All financial and commodity-related instruments, including derivatives, are subject to market risk.  Entergy is subject to a number of commodity and market risks, including:

Type of Risk	Affected Businesses
Power price risk	Utility, Entergy Wholesale Commodities
Fuel price risk	Utility, Entergy Wholesale Commodities
Foreign currency exchange rate risk	Entergy Wholesale Commodities
Equity price and interest rate risk - investments	Utility, Entergy Wholesale Commodities

Entergy manages a portion of these risks using derivative instruments, some of which are classified as cash flow hedges due to their financial settlement provisions while others are classified as normal purchase/normal sales transactions due to their physical settlement provisions.  Normal purchase/normal sale risk management tools include power purchase and sales agreements, fuel purchase agreements, capacity contracts, and tolling agreements.  Financially-settled cash flow hedges can include natural gas and electricity futures, forwards, swaps, and options; foreign currency forwards; and interest rate swaps.  Entergy has entered into financially settled option contracts to manage market risk under certain hedging transactions, which may or may not be designated as hedging instruments. Entergy enters into derivatives only to manage natural risks inherent in its physical or financial assets or liabilities.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Entergy manages fuel price volatility for its Louisiana jurisdictions (Entergy Gulf States Louisiana, Entergy Louisiana, and Entergy New Orleans) and Entergy Mississippi primarily through the purchase of short-term natural gas swaps.  These swaps are marked-to-market with offsetting regulatory assets or liabilities.  The notional volumes of these swaps are based on a portion of projected annual exposure to gas for electric generation and projected winter purchases for gas distribution at Entergy Gulf States Louisiana and Entergy New Orleans.

Entergy’s exposure to market risk is determined by a number of factors, including the size, term, composition, and diversification of positions held, as well as market volatility and liquidity.  For instruments such as options, the time period during which the option may be exercised and the relationship between the current market price of the underlying instrument and the option’s contractual strike or exercise price also affects the level of market risk.  A significant factor influencing the overall level of market risk to which Entergy is exposed is its use of hedging techniques to mitigate such risk.  Entergy manages market risk by actively monitoring compliance with stated risk management policies as well as monitoring the effectiveness of its hedging policies and strategies.  Entergy’s risk management policies limit the amount of total net exposure and rolling net exposure during the stated periods.  These policies, including related risk limits, are regularly assessed to ensure their appropriateness given Entergy’s objectives.

Derivatives

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of June 30, 2011 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$120 million	($19) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$41 million	($30) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$24 million	($23) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$47 million	($30) million	Entergy Wholesale Commodities

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives not designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$15 million	($11) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$5 million	($5) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$7 million	($7) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$4 million	($4) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$2 million	$-	Utility

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2010 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$160 million	($7) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$82 million	($29) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$5 million	($5) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$47 million	($30) million	Entergy Wholesale Commodities

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives not designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$2 million	$-	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$14 million	($8) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$2 million	($2 million)	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$7 million	($7) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$2 million	$-	Utility

(a) The balances of derivative assets and liabilities in these tables are presented gross.  Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented on the Entergy Consolidated Balance Sheets on a net basis in accordance with accounting guidance for Derivatives and Hedging.

The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the three months ended June 30, 2011 and 2010 are as follows:

Instrument	Amount of gain (loss) recognized in OCI (effective portion)	Income Statement location	Amount of gain  reclassified from accumulated OCI into income (effective portion)
2011
Electricity forwards, swaps and options	$19 million	Competitive businesses operating revenues	$32 million
2010
Electricity forwards, swaps and options	($71) million	Competitive businesses operating revenues	$67 million

46

Entergy Corporation and Subsidiaries

Notes to Financial Statements

The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the six months ended June 30, 2011 and 2010 are as follows:

Instrument	Amount of gain (loss) recognized in OCI (effective portion)	Income Statement location	Amount of gain  reclassified from accumulated OCI into income (effective portion)
2011
Electricity forwards, swaps and options	($54) million	Competitive businesses operating revenues	$61 million
2010
Electricity forwards, swaps and options	$197 million	Competitive businesses operating revenues	$103 million

Electricity over-the-counter swaps that financially settle against day-ahead power pool prices are used to manage price exposure for Entergy Wholesale Commodities generation.  Based on market prices as of June 30, 2011, cash flow hedges relating to power sales totaled $90 million of net unrealized gains. Approximately $96 million are expected to be reclassified from accumulated other comprehensive income (OCI) to operating revenues in the next twelve months.  The actual amount reclassified from accumulated OCI could vary, however, due to future changes in market prices.  Gains totaling approximately $32 million and $67 million were realized on the maturity of cash flow hedges, before taxes of $11 million and $23 million, for the three months ended June 30, 2011 and 2010, respectively. Gains totaling approximately $61 million and $103 million were realized on the maturity of cash flow hedges, before taxes of $21 million and $36 million, for the six months ended June 30, 2011 and 2010, respectively.  Unrealized gains or losses recorded in OCI result from hedging power output at the Entergy Wholesale Commodities power plants.  The related gains or losses from hedging power are included in operating revenues when realized.  The maximum length of time over which Entergy is currently hedging the variability in future cash flows with derivatives for forecasted power transactions at June 30, 2011 is approximately 3.5 years.  Planned generation currently sold forward from Entergy Wholesale Commodities power plants is 96% for the remaining two quarters of 2011, of which approximately 46% is sold under financial derivatives and the remainder under normal purchase/sale contracts.  The change in the value of Entergy’s cash flow hedges due to ineffectiveness during the three and six months ended June 30, 2011 and 2010 was insignificant.  Certain of the agreements to sell the power produced by Entergy Wholesale Commodities power plants contain provisions that require an Entergy subsidiary to provide collateral to secure its obligations when the current market prices exceed the contracted power prices.  The primary form of collateral to satisfy these requirements is an Entergy Corporation guaranty.  As of June 30, 2011, hedge contracts with four counterparties were in a liability position (approximately $9 million total), but were significantly below the amount of the guarantee provided under the contract and no cash collateral was required.  If the Entergy Corporation credit rating falls below investment grade, the effect of the corporate guarantee is ignored and Entergy would have to post collateral equal to the estimated outstanding liability under the contract at the applicable date.  Entergy may effectively liquidate a cash flow hedge instrument by entering into a contract offsetting the original hedge, and then de-designating the original hedge in this situation.  Gains or losses accumulated in OCI prior to de-designation continue to be deferred in OCI until they are included in income as the original hedged transaction occurs.  From the point of de-designation, the gains or losses on the original hedge and the offsetting contract are recorded as assets or liabilities on the balance sheet and offset as they flow through to earnings.

Natural gas over-the-counter swaps that financially settle against NYMEX futures are used to manage fuel price volatility for the Utility’s Louisiana and Mississippi customers.  All benefits or costs of the program are recorded in fuel costs.  The total volume of natural gas swaps outstanding as of June 30, 2011 is 31,620,000 MMBtu for Entergy, 8,210,000 MMBtu for Entergy Gulf States Louisiana, 13,670,000 MMBtu for Entergy Louisiana, and 9,170,000 MMBtu for Entergy Mississippi, and 570,000 MMBtu for Entergy New Orleans.  Credit support for these natural gas swaps is covered by master agreements that do not require collateralization based on mark-to-market value, but do carry adequate assurance language that may lead to collateralization requests.

47

Entergy Corporation and Subsidiaries

Notes to Financial Statements

The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the three months ended June 30, 2011 and 2010 is as follows:

Instrument	Amount of gain (loss) recognized in OCI	Income Statement location	Amount of gain (loss) recorded in income
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($9) million
Electricity forwards, swaps and options de-designated as hedged items	($4) million	Competitive business operating revenues	$4 million
2010
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	$22 million
Electricity forwards, swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	$-

The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the six months ended June 30, 2011 and 2010 is as follows:

Instrument	Amount of gain recognized in OCI	Income Statement location	Amount of gain (loss) recorded in income
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($12) million
Electricity forwards, swaps and options de-designated as hedged items	$6 million	Competitive business operating revenues	$6 million
2010
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($63) million
Electricity forwards, swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	$-

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

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The fair values of the Registrant Subsidiaries’ derivative instruments on their balance sheets as of June 30, 2011 are as follows:

Instrument	Balance Sheet Location	Fair Value	Registrant
Derivatives not designated as hedging instruments
Liabilities:
Natural gas swaps	Other current liabilities	$0.4 million	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$0.6 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.3 million	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.1 million	Entergy New Orleans

The fair values of the Registrant Subsidiaries’ derivative instruments on their balance sheets as of December 31, 2010 are as follows:

Instrument	Balance Sheet Location	Fair Value	Registrant
Derivatives not designated as hedging instruments
Assets:
Natural gas swaps	Prepayments and other	$0.3 million	Entergy Mississippi
Liabilities:
Natural gas swaps	Other current liabilities	$1.0 million	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$0.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.5 million	Entergy New Orleans

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their statements of income for the three months ended June 30, 2011 and 2010 are as follows:

Instrument	Statement of Income Location	Amount of gain (loss) recorded in income	Registrant
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.3) million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9) million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.8) million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1) million	Entergy New Orleans
2010
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.9 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$9.2 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$8.2 million	Entergy Mississippi

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their statements of income for the six months ended June 30, 2011 and 2010 are as follows:

Instrument	Statement of Income Location	Amount of loss recorded in income	Registrant
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.2) million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($5.0) million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5) million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9) million	Entergy New Orleans
2010
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3) million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($27.0) million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($19.6) million	Entergy Mississippi

Fair Values

The estimated fair values of Entergy’s financial instruments and derivatives are determined using bid prices, market quotes, and financial modeling.  Considerable judgment is required in developing the estimates of fair value.  Therefore, estimates are not necessarily indicative of the amounts that Entergy could realize in a current market exchange.  Gains or losses realized on financial instruments other than forward energy contracts held by competitive businesses are reflected in future rates and therefore do not accrue to the benefit or detriment of shareholders.  Entergy considers the carrying amounts of most financial instruments classified as current assets and liabilities to be a reasonable estimate of their fair value because of the short maturity of these instruments.

Accounting standards define fair value as an exit price, or the price that would be received to sell an asset or the amount that would be paid to transfer a liability in an orderly transaction between knowledgeable market participants at the date of measurement.  Entergy and the Registrant Subsidiaries use assumptions or market input data that market participants would use in pricing assets or liabilities at fair value.  The inputs can be readily observable, corroborated by market data, or generally unobservable.  Entergy and the Registrant Subsidiaries endeavor to use the best available information to determine fair value.

Accounting standards establish a fair value hierarchy that prioritizes the inputs used to measure fair value.  The hierarchy establishes the highest priority for unadjusted market quotes in an active market for the identical asset or liability and the lowest priority for unobservable inputs.  The three levels of the fair value hierarchy are:

·   Level 1 - Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.  Level 1 primarily consists of individually owned common stocks, cash equivalents, debt instruments, and gas hedge contracts.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

·   Level 2 - Level 2 inputs are inputs other than quoted prices included in Level 1 that are, either directly or indirectly, observable for the asset or liability at the measurement date.  Assets are valued based on prices derived by independent third parties that use inputs such as benchmark yields, reported trades, broker/dealer quotes, and issuer spreads.  Prices are reviewed and can be challenged with the independent parties and/or overridden by Entergy if it is believed such would be more reflective of fair value.  Level 2 inputs include the following:

-   quoted prices for similar assets or liabilities in active markets;

-   quoted prices for identical assets or liabilities in inactive markets;

-   inputs other than quoted prices that are observable for the asset or liability; or

-   inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 2 consists primarily of individually owned debt instruments or shares in common trusts.  Common trust funds are stated at estimated fair value based on the fair market value of the underlying investments.

·   Level 3 - Level 3 inputs are pricing inputs that are generally less observable or unobservable from objective sources.  These inputs are used with internally developed methodologies to produce management’s best estimate of fair value for the asset or liability.  Level 3 consists primarily of derivative power contracts used as cash flow hedges of power sales at merchant power plants.

The values for the cash flow hedges that are recorded as derivative contract assets or liabilities are based on both observable inputs including public market prices and unobservable inputs such as model-generated prices for longer-term markets and are classified as Level 3 assets and liabilities.  The amounts reflected as the fair value of derivative assets or liabilities are based on the estimated amount that the contracts are in-the-money at the balance sheet date (treated as an asset) or out-of-the-money at the balance sheet date (treated as a liability) and would equal the estimated amount receivable or payable by Entergy if the contracts were settled at that date.  These derivative contracts include cash flow hedges that swap fixed for floating cash flows for sales of the output from Entergy’s Entergy Wholesale Commodities business.  The fair values are based on the mark-to-market comparison between the fixed contract prices and the floating prices determined each period from a combination of quoted forward power market prices for the period for which such curves are available, and model-generated prices using quoted forward gas market curves and estimates regarding heat rates to convert gas to power and the costs associated with the transportation of the power from the plants’ bus bar to the contract’s point of delivery, generally a power market hub, for the period thereafter.  The differences between the fixed price in the swap contract and these market-related prices multiplied by the volume specified in the contract and discounted at the counterparties’ credit adjusted risk free rate are recorded as derivative contract assets or liabilities.  As of June 30, 2011, Entergy had in-the-money derivative contracts with a fair value of $107 million with counterparties or their guarantor who are all currently investment grade.  $9 million of the derivative contracts as of June 30, 2011 are out-of-the-money contracts supported by corporate guarantees, which would require additional cash or letters of credit in the event of a decrease in Entergy Corporation’s credit rating to below investment grade.

The following table sets 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, 2011 and December 31, 2010.  The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$435	$-	$-	$435
Decommissioning trust funds (a):
Equity securities	401	1,803	-	2,204
Debt securities	581	990	-	1,571
Power contracts	-	-	116	116
Securitization recovery trust account	34	-	-	34
Storm reserve escrow account	332	-	-	332
	$1,783	$2,793	$116	$4,692
Liabilities:
Gas hedge contracts	$2	$-	$-	$2
Power contracts	-	-	18	18
	$2	$-	$18	$20

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$1,218	$-	$-	$1,218
Decommissioning trust funds (a):
Equity securities	387	1,689	-	2,076
Debt securities	497	1,023	-	1,520
Power contracts	-	-	214	214
Securitization recovery trust account	43	-	-	43
Storm reserve escrow account	329	-	-	329
	$2,474	$2,712	$214	$5,400
Liabilities:
Power contracts	$-	$-	$17	$17
Gas hedge contracts	2	-	-	2
	$2	$-	$17	$19

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, 2011 and 2010:

	2011	2010
	(In Millions)
Balance as of beginning of period	$104	$432
Unrealized gains/(losses) from price changes	9	(68)
Unrealized gains/(losses) on originations	17	-
Realized losses on settlements	(32)	(67)
Balance as of June 30,	$98	$297

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2011 and 2010:

	2011	2010
	(In Millions)
Balance as of January 1,	$197	$200
Unrealized gains/(losses) from price changes	(53)	193
Unrealized gains/(losses) on originations	15	7
Realized losses on settlements	(61)	(103)
Balance as of June 30,	$98	$297

The following table sets forth, by level within the fair value hierarchy, the Registrant Subsidiaries’ assets that are accounted for at fair value on a recurring basis as of June 30, 2011 and December 31, 2010.  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.

Entergy Arkansas

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$4.9	$-	$-	$4.9
Decommissioning trust funds (a):
Equity securities	1.3	341.5	-	342.8
Debt securities	60.6	147.6	-	208.2
Securitization recovery trust account	2.9	-	-	2.9
	$69.7	$489.1	$-	$558.8

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$101.9	$-	$-	$101.9
Decommissioning trust funds (a):
Equity securities	3.4	316.3	-	319.7
Debt securities	41.4	159.7	-	201.1
Securitization recovery trust account	2.4	-	-	2.4
	$149.1	$476.0	$-	$625.1

53

Entergy Corporation and Subsidiaries

Notes to Financial Statements

Entergy Gulf States Louisiana

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$37.7	$-	$-	$37.7
Decommissioning trust funds (a):
Equity securities	4.5	248.2	-	252.7
Debt securities	37.5	127.9	-	165.4
Storm reserve escrow account	90.2	-	-	90.2
	$169.9	$376.1	$-	$546.0
Liabilities:
Gas hedge contracts	$0.4	$-	$-	$0.4

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$154.9	$-	$-	$154.9
Decommissioning trust funds (a):
Equity securities	3.8	231.1	-	234.9
Debt securities	32.2	126.5	-	158.7
Storm reserve escrow account	90.1	-	-	90.1
	$281.0	$357.6	$-	$638.6
Liabilities:
Gas hedge contracts	$1.0	$-	$-	$1.0

Entergy Louisiana

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities	$3.4	$152.2	$-	$155.6
Debt securities	44.3	54.8	-	99.1
Storm reserve escrow account	201.1	-	-	201.1
	$248.8	$207.0	$-	$455.8
Liabilities:
Gas hedge contracts	$0.6	$-	$-	$0.6

54

Entergy Corporation and Subsidiaries

Notes to Financial Statements

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$122.5	$-	$-	$122.5
Decommissioning trust funds (a):
Equity securities	1.3	142.6	-	143.9
Debt securities	45.7	50.9	-	96.6
Storm reserve escrow account	201.0	-	-	201.0
	$370.5	$193.5	$-	$564.0
Liabilities:
Gas hedge contracts	$0.4	$-	$-	$0.4

Entergy Mississippi

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Storm reserve escrow account	$31.9	$-	$-	$31.9
Liabilities:
Gas hedge contracts	$0.3	$-	$-	$0.3

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Gas hedge contracts	$0.3	$-	$-	$0.3
Storm reserve escrow account	31.9	-	-	31.9
	$32.2	$-	$-	$32.2

Entergy New Orleans

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$15.5	$-	$-	$15.5
Storm reserve escrow account	9.0	-	-	9.0
	$24.5	$-	$-	$24.5
Liabilities:
Gas hedge contracts	$0.1	$-	$-	$0.1

55

Entergy Corporation and Subsidiaries

Notes to Financial Statements

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$53.6	$-	$-	$53.6
Storm reserve escrow account	6.0	-	-	6.0
	$59.6	$-	$-	$59.6
Liabilities:
Gas hedge contracts	$0.5	$-	$-	$0.5

Entergy Texas

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Securitization recovery trust account	$31.0	$-	$-	$31.0

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$33.6	$-	$-	$33.6
Securitization recovery trust account	40.6	-	-	40.6
	$74.2	$-	$-	$74.2

System Energy

2011	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$67.7	$-	$-	$67.7
Decommissioning trust funds (a):
Equity securities	0.8	241.0	-	241.8
Debt securities	103.4	72.3	-	175.7
	$171.9	$313.3	$-	$485.2

2010	Level 1	Level 2	Level 3	Total
	(In Millions)
Assets:
Temporary cash investments	$262.9	$-	$-	$262.9
Decommissioning trust funds (a):
Equity securities	3.1	220.9	-	224.0
Debt securities	95.7	68.2	-	163.9
	$361.7	$289.1	$-	$650.8

(a) The decommissioning trust funds hold equity and fixed income securities. Equity securities are invested to approximate the returns of major market indexes.  Fixed income securities are held in various governmental and corporate securities with an average coupon rate of 4.23%.  See Note 9 for additional information on the investment portfolios.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

NOTE 9.  DECOMMISSIONING TRUST FUNDS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)

Entergy holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts.  The NRC requires Entergy subsidiaries to maintain trusts to fund the costs of decommissioning ANO 1, ANO 2, River Bend, Waterford 3, Grand Gulf, Pilgrim, Indian Point 1 and 2, Vermont Yankee, and Palisades (NYPA currently retains the decommissioning trusts and liabilities for Indian Point 3 and FitzPatrick).  The funds are invested primarily in equity securities; fixed-rate, fixed-income securities; and cash and cash equivalents.

Entergy records decommissioning trust funds on the balance sheet at their fair value.  Because of the ability of the Registrant Subsidiaries to recover decommissioning costs in rates and in accordance with the regulatory treatment for decommissioning trust funds, the Registrant Subsidiaries have recorded an offsetting amount of unrealized gains/(losses) on investment securities in other regulatory liabilities/assets.  For the nonregulated portion of River Bend, Entergy Gulf States Louisiana has recorded an offsetting amount of unrealized gains/(losses) in other deferred credits.  Decommissioning trust funds for Pilgrim, Indian Point 1 and 2, Vermont Yankee, and Palisades do not meet the criteria for regulatory accounting treatment.  Accordingly, unrealized gains recorded on the assets in these trust funds are recognized in the accumulated other comprehensive income component of common shareholders’ equity because these assets are classified as available for sale.  Unrealized losses (where cost exceeds fair market value) on the assets in these trust funds are also recorded in the accumulated other comprehensive income component of shareholders’ equity unless the unrealized loss is other than temporary and therefore recorded in earnings.  Generally, Entergy records realized gains and losses on its debt and equity securities using the specific identification method to determine the cost basis of its securities.

The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

	Fair Value	Total Unrealized Gains	Total Unrealized Losses
	(In Millions)
2011
Equity Securities	$2,204	$525	$5
Debt Securities	1,571	75	5
Total	$3,775	$600	$10
2010
Equity Securities	$2,076	$436	$9
Debt Securities	1,520	67	12
Total	$3,596	$503	$21

Deferred taxes on unrealized gains/(losses) are recorded in other comprehensive income for the decommissioning trusts which do not meet the criteria for regulatory accounting treatment as described above. Unrealized gains/(losses) above are reported before deferred taxes of $159 million and $130 million as of June 30, 2011 and December 31, 2010, respectively.  The amortized cost of debt securities was $1,508 million as of June 30, 2011 and $1,475 million as of December 31, 2010.  As of June 30, 2011, the debt securities have an average coupon rate of approximately 4.23%, an average duration of approximately 5.16 years, and an average maturity of approximately 8.62 years.  The equity securities are generally held in funds that are designed to approximate or somewhat exceed the return of the Standard & Poor’s 500 Index.  A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index or the Russell 3000 Index.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$49	$1	$314	$5
More than 12 months	52	4	5	-
Total	$101	$5	$319	$5

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$15	$1	$474	$11
More than 12 months	105	8	4	1
Total	$120	$9	$478	$12

The unrealized losses in excess of twelve months on equity securities above relate to Entergy’s Utility operating companies and System Energy.

The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011	2010
	(In Millions)
Less than 1 year	$51	$37
1 year - 5 years	564	557
5 years - 10 years	548	512
10 years - 15 years	161	163
15 years - 20 years	46	47
20 years+	201	204
Total	$1,571	$1,520

During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $144 million and $716 million, respectively.  During the three months ended June 30, 2011 and 2010, gross gains of $4 million and $9 million, respectively, and gross losses of $1 million and $2 million, respectively, were reclassified out of other comprehensive income into earnings.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $636 million and $1,487 million, respectively.  During the six months ended June 30, 2011 and 2010, gross gains of $8 million and $24 million, respectively, and gross losses of $6 million and $4 million, respectively, were reclassified out of other comprehensive income into earnings.

Entergy Arkansas

Entergy Arkansas holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts.  The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

	Fair Value	Total Unrealized Gains	Total Unrealized Losses
	(In Millions)
2011
Equity Securities	$342.8	$90.7	$0.1
Debt Securities	208.2	11.1	0.5
Total	$551.0	$101.8	$0.6
2010
Equity Securities	$319.7	$74.2	$0.3
Debt Securities	201.1	11.0	1.0
Total	$520.8	$85.2	$1.3

The amortized cost of debt securities was $198.4 million as of June 30, 2011 and $191.2 million as of December 31, 2010.  As of June 30, 2011, the debt securities have an average coupon rate of approximately 4.02%, an average duration of approximately 4.78 years, and an average maturity of approximately 5.61 years.  The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index.  A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$3.1	$0.1	$43.9	$0.5
More than 12 months	0.1	-	-	-
Total	$3.2	$0.1	$43.9	$0.5

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

59

Entergy Corporation and Subsidiaries

Notes to Financial Statements

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$-	$-	$44.3	$1.0
More than 12 months	6.6	0.3	-	-
Total	$6.6	$0.3	$44.3	$1.0

The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011	2010
	(In Millions)
Less than 1 year	$3.6	$5.3
1 year - 5 years	98.9	100.1
5 years - 10 years	97.0	85.2
10 years - 15 years	3.6	4.5
15 years - 20 years	-	-
20 years+	5.1	6.0
Total	$208.2	$201.1

During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $15.1 million and $33.3 million, respectively.  During the three months ended June 30, 2011 and 2010, gross gains of $0.7 million and $0.6 million, respectively, and gross losses of $0.03 million and $0.3 million, respectively, were reclassified out of other comprehensive income into earnings.

During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $46.2 million and $132.3 million, respectively.  During the six months ended June 30, 2011 and 2010, gross gains of $1.3 million and $2.6 million, respectively, and gross losses of $0.03 million and $0.6 million, respectively, were reclassified out of other comprehensive income into earnings.

Entergy Gulf States Louisiana

Entergy Gulf States Louisiana holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts.  The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

	Fair Value	Total Unrealized Gains	Total Unrealized Losses
	(In Millions)
2011
Equity Securities	$252.7	$53.2	$0.6
Debt Securities	165.4	11.1	0.4
Total	$418.1	$64.3	$1.0
2010
Equity Securities	$234.9	$41.7	$1.4
Debt Securities	158.7	8.8	0.8
Total	$393.6	$50.5	$2.2

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The amortized cost of debt securities was $153.8 million as of June 30, 2011 and $150.0 million as of December 31, 2010.  As of June 30, 2011, the debt securities have an average coupon rate of approximately 4.50%, an average duration of approximately 5.97 years, and an average maturity of approximately 8.91 years.  The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index.  A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$3.7	$-	$16.0	$0.2
More than 12 months	8.7	0.6	1.0	0.2
Total	$12.4	$0.6	$17.0	$0.4

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$-	$-	$22.6	$0.6
More than 12 months	18.6	1.4	0.9	0.2
Total	$18.6	$1.4	$23.5	$0.8

The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011	2010
	(In Millions)
Less than 1 year	$4.9	$4.7
1 year - 5 years	34.2	35.0
5 years - 10 years	57.7	54.2
10 years - 15 years	52.1	48.1
15 years - 20 years	4.9	3.7
20 years+	11.6	13.0
Total	$165.4	$158.7

61

Entergy Corporation and Subsidiaries

Notes to Financial Statements

During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $8.8 million and $36.5 million, respectively.  During the three months ended June 30, 2011 and 2010, gross gains of $0.4 million and $0.6 million, respectively, and gross losses of $0.03 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $20.7 million and $78.8 million, respectively.  During the six months ended June 30, 2011 and 2010, gross gains of $0.4 million and $1.5 million, respectively, and gross losses of $0.07 million and $0.2 million, respectively, were reclassified out of other comprehensive income into earnings.

Entergy Louisiana

Entergy Louisiana holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts.  The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

	Fair Value	Total Unrealized Gains	Total Unrealized Losses
	(In Millions)
2011
Equity Securities	$155.6	$37.7	$0.8
Debt Securities	99.1	6.0	0.1
Total	$254.7	$43.7	$0.9
2010
Equity Securities	$143.9	$31.0	$1.7
Debt Securities	96.6	5.3	0.1
Total	$240.5	$36.3	$1.8

The amortized cost of debt securities was $92.8 million as of June 30, 2011 and $91.0 million as of December 31, 2010.  As of June 30, 2011, the debt securities have an average coupon rate of approximately 3.97%, an average duration of approximately 4.64 years, and an average maturity of approximately 9.08 years.  The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index.  A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$2.4	$-	$4.1	$0.1
More than 12 months	10.8	0.8	0.1	-
Total	$13.2	$0.8	$4.2	$0.1

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

62

Entergy Corporation and Subsidiaries

Notes to Financial Statements

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$-	$-	$4.8	$0.1
More than 12 months	18.9	1.7	0.2	-
Total	$18.9	$1.7	$5.0	$0.1

The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011	2010
	(In Millions)
Less than 1 year	$2.1	$5.3
1 year - 5 years	35.4	28.1
5 years - 10 years	25.3	31.5
10 years - 15 years	17.8	14.1
15 years - 20 years	1.8	2.9
20 years+	16.7	14.7
Total	$99.1	$96.6

During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $1.7 million and $6.2 million, respectively.  During the three months ended June 30, 2011 and 2010, gross gains of $0.03 million and $0.02 million, respectively, and gross losses of $0.02 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $7.8 million and $26.7 million, respectively.  During the six months ended June 30, 2011 and 2010, gross gains of $0.09 million and $0.6 million, respectively, and gross losses of $0.03 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

System Energy

System Energy holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts.  The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

	Fair Value	Total Unrealized Gains	Total Unrealized Losses
	(In Millions)
2011
Equity Securities	$241.8	$46.2	$2.5
Debt Securities	175.7	5.0	0.5
Total	$417.5	$51.2	$3.0
2010
Equity Securities	$224.0	$37.3	$5.2
Debt Securities	163.9	4.4	1.5
Total	$387.9	$41.7	$6.7

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

The amortized cost of debt securities was $169.1 million as of June 30, 2011 and $159.3 million as of December 31, 2010.  As of June 30, 2011, the debt securities have an average coupon rate of approximately 3.68%, an average duration of approximately 4.73 years, and an average maturity of approximately 7.38 years.  The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index. A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$18.6	$0.3	$33.3	$0.5
More than 12 months	31.5	2.2	-	-
Total	$50.1	$2.5	$33.3	$0.5

The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities		Debt Securities
	Fair Value	Gross Unrealized Losses	Fair Value	Gross Unrealized Losses
	(In Millions)
Less than 12 months	$-	$-	$63.0	$1.5
More than 12 months	61.1	5.2	-	-
Total	$61.1	$5.2	$63.0	$1.5

The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and 2010 are as follows:

	2011	2010
	(In Millions)
Less than 1 year	$8.8	$1.8
1 year - 5 years	85.7	79.8
5 years - 10 years	53.5	52.3
10 years - 15 years	0.5	2.5
15 years - 20 years	5.0	3.8
20 years+	22.2	23.7
Total	$175.7	$163.9

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $17.9 million and $56.8 million, respectively.  During the three months ended June 30, 2011 and 2010, gross gains of $0.1 million and $0.4 million, respectively, and gross losses of $0.02 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $106.5 million and $138.2 million, respectively.  During the six months ended June 30, 2011 and 2010, gross gains of $0.5 million and $1.4 million, respectively, and gross losses of $1 million and $0.2 million, respectively, were reclassified out of other comprehensive income into earnings.

Other-than-temporary impairments and unrealized gains and losses

Entergy, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy evaluate unrealized losses at the end of each period to determine whether an other-than-temporary impairment has occurred.  The assessment of whether an investment in a debt security has suffered an other-than-temporary impairment is based on whether Entergy has the intent to sell or more likely than not will be required to sell the debt security before recovery of its amortized costs.  Further, if Entergy does not expect to recover the entire amortized cost basis of the debt security, an other-than-temporary impairment is considered to have occurred and it is measured by the present value of cash flows expected to be collected less the amortized cost basis (credit loss).  Entergy did not have any material other-than-temporary impairments relating to credit losses on debt securities for the three and six months ended June 30, 2011 and 2010.  The assessment of whether an investment in an equity security has suffered an other-than-temporary impairment continues to be based on a number of factors including, first, whether Entergy has the ability and intent to hold the investment to recover its value, the duration and severity of any losses, and, then, whether it is expected that the investment will recover its value within a reasonable period of time.  Entergy’s trusts are managed by third parties who operate in accordance with agreements that define investment guidelines and place restrictions on the purchases and sales of investments.  Entergy Wholesale Commodities did not record material charges to other income in the three and six months ended June 30, 2011 and 2010, respectively, resulting from the recognition of the other-than-temporary impairment of certain equity securities held in its decommissioning trust funds.

NOTE 10.  INCOME TAXES(Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

See Note 3 to the financial statements in the Form 10-K for a discussion of tax proceedings.  Following are updates to that discussion.

Income Tax Litigation

As discussed in more detail in the Form 10-K, in October 2010 the United States Tax Court entered a decision in favor of Entergy for tax years 1997 and 1998.  There were two issues before the Court, depreciation of street lighting assets and the ability to credit the UK Windfall Tax as a foreign tax credit.  The IRS has not appealed street lighting depreciation, but has appealed the foreign tax credit matter to the United States Court of Appeals for the Fifth Circuit.

Other Tax Matters

During the second quarter 2011, Entergy effectively settled an uncertain tax position with the IRS resulting in the reversal of a provision for uncertain tax positions of approximately $41 million.

During the second quarter 2011, Entergy filed an Application for Change in Accounting Method related to the allocation of overhead costs between production and non-production activity.  The requested method is one that has been accepted for other public utilities by the IRS staff.  The accounting method affects the amount of overhead that will be capitalized and deducted for tax purposes.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

NOTE 11.  PROPERTY, PLANT, AND EQUIPMENT (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Acquisition

In April 2011, Entergy Louisiana purchased Unit 2 of the Acadia Energy Center, a 580 MW generating unit located near Eunice, Louisiana, from an independent power producer.  The Acadia Energy Center, which entered commercial service in 2002, consists of two combined-cycle gas-fired generating units, each nominally rated at 580 MW.  Entergy Louisiana purchased 100 percent of Acadia Unit 2 and a 50 percent ownership interest in the facility’s common assets for approximately $300 million.  In a separate transaction, Cleco Power acquired Acadia Unit 1 and the other 50 percent interest in the facility’s common assets.  Cleco Power will serve as operator for the entire facility. The FERC and the LPSC approved the transaction.

Construction Expenditures in Accounts Payable

Construction expenditures included in accounts payable at June 30, 2011 are $109.5 million for Entergy, $18.1 million for Entergy Arkansas, $8.7 million for Entergy Gulf States Louisiana, $21.3 million for Entergy Louisiana, $3.1 million for Entergy Mississippi, $0.3 million for Entergy New Orleans, $4.0 million for Entergy Texas, and $19.1 million for System Energy.

Vermont Yankee

See Impairment of Long-Lived Assets in Note 1 to the financial statements in the Form 10-K, including a discussion of the Vermont Yankee nuclear power plant.  Following are updates to that discussion.

In March 2011 the NRC renewed Vermont Yankee’s operating license for an additional 20 years, as a result of which the license now expires in 2032.  In July 2011 the Vermont Department of Public Service and the New England Coalition petitioned the United States Court of Appeals for the District of Columbia seeking a summary reversal of the NRC’s issuance of the renewed operating license alleging that the license had been issued without a valid and effective water quality certification under Section 401 of the Clean Water Act.  Entergy has intervened in the proceeding.  The current schedule calls for briefing of all summary motions to be complete in September 2011.

On April 18, 2011, Entergy Nuclear Vermont Yankee, the owner of Vermont Yankee, and Entergy Nuclear Operations, the operator of Vermont Yankee, filed a complaint in the United States District Court for the District of Vermont seeking a declaratory judgment and injunctive relief to prevent the state of Vermont from forcing Vermont Yankee to cease operation on March 21, 2012.  Specifically the complaint asserts, in part, the following:

·   Atomic Energy Act Preemption.  Under the Supremacy Clause of the U.S. Constitution, the U.S. Supreme Court held in 1983 that a state has no authority over (1) nuclear power plant licensing and operations or (2) the radiological safety of a nuclear power plant.  In violation of these legal principles, Vermont has asserted that it can shut down a federally licensed and operating nuclear power plant, and that it can regulate the plant based upon Vermont’s safety concerns.

·   Federal Power Act Preemption and the Commerce Clause of the U.S. Constitution.  Vermont is prohibited from conditioning post-March 2012 operation of Vermont Yankee on the plant’s agreement to provide power to Vermont utilities at preferential wholesale rates.  The Federal Power Act preempts any state interference with the FERC’s exclusive regulation of rates in the wholesale power market.  The Commerce Clause of the U.S. Constitution bars a state from discriminatory regulation of private markets that favors in-state over out-of-state residents.

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Entergy Corporation and Subsidiaries

Notes to Financial Statements

In addition to seeking a declaratory judgment, the complaint also requests a preliminary and permanent injunction enjoining the enforcement of Vermont statutes, regulations, or other laws purporting to regulate the operation and licensing and/or the radiological safety of Vermont Yankee; enjoining Vermont and its officials from undertaking any steps, based on denial of a certificate of public good, to shutdown Vermont Yankee, to prevent Vermont Yankee from delivering power to the interstate grid, or to prohibit the storage at Vermont Yankee of spent nuclear fuel; and enjoining Vermont and its officials from conditioning Vermont Yankee’s continued operation upon Entergy Nuclear Vermont Yankee’s agreement to provide below-market wholesale electricity rates to Vermont retail utilities.  On April 22, 2011, Entergy Nuclear Vermont Yankee and Entergy Nuclear Operations filed in the proceeding a motion for a preliminary injunction.  A hearing on the motion for a preliminary injunction was held on June 23 and 24, 2011.  On July 18, 2011, the court denied Entergy’s motion for preliminary injunction solely on the ground that Entergy had not shown that any irreparable harm it might suffer before the trial on the complaint for a declaratory judgment would be ameliorated or redressed by a preliminary injunction.  The court’s preliminary injunction ruling did not decide whether Entergy had shown a likelihood of success on the merits of its preemption claims.  A trial on the complaint for a declaratory judgment is currently scheduled for September 2011.

As discussed further in the Form 10-K, after evaluating various factors, including the progress of the litigation in the U.S. District Court,  if Entergy concludes that Vermont Yankee is unlikely to operate significantly beyond its original license expiration date in 2012, it could result in an impairment of part or all of the carrying value of the plant.  In preparing its second quarter 2011 financial statements Entergy evaluated these factors and concluded that the carrying value of Vermont Yankee is not impaired as of June 30, 2011.  As of June 30, 2011, the net carrying value of the plant, including nuclear fuel, is $415 million.

NOTE 12.  VARIABLE INTEREST ENTITIES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, System Energy)

See Note 18 to the financial statements in the Form 10-K for a discussion of variable interest entities.

Entergy Louisiana and System Energy are each considered to each hold a variable interest in the lessors from which they lease, respectively, undivided interests representing approximately 9.3% of the Waterford 3 and 11.5% of the Grand Gulf nuclear plants.  Entergy Louisiana and System Energy are the lessees under these arrangements, which are described in more detail in Note 10 to the consolidated financial statements in the Form 10-K.  Entergy Louisiana made payments on its lease, including interest, of $37.6 million and $25.3 million in the six months ended June 30, 2011 and 2010, respectively.  System Energy made payments on its lease, including interest, of $47.4 million and $45.7 million in the six months ended June 30, 2011 and 2010, respectively.

__________________________________

In the opinion of the management of Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas and System Energy, the accompanying unaudited financial statements contain all adjustments (consisting primarily of normal recurring accruals and reclassification of previously reported amounts to conform to current classifications) necessary for a fair statement of the results for the interim periods presented.  The business of the Registrant Subsidiaries is subject to seasonal fluctuations, however, with the peak periods occurring during the third quarter.  The results for the interim periods presented should not be used as a basis for estimating results of operations for a full year.

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Part I, Item 4. Controls and Procedures

Disclosure Controls and Procedures

As of June 30, 2011, evaluations were performed under the supervision and with the participation of Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy (individually "Registrant" and collectively the "Registrants") management, including their respective Principal Executive Officers (PEO) and Principal Financial Officers (PFO).  The evaluations assessed the effectiveness of the Registrants’ disclosure controls and procedures.  Based on the evaluations, each PEO and PFO has concluded that, as to the Registrant or Registrants for which they serve as PEO or PFO, the Registrant’s or Registrants’ disclosure controls and procedures are effective to ensure that information required to be disclosed by each Registrant in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms; and that the Registrant’s or Registrants’ disclosure controls and procedures are also effective in reasonably assuring that such information is accumulated and communicated to the Registrant’s or Registrants’ management, including their respective PEOs and PFOs, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Controls over Financial Reporting

Under the supervision and with the participation of the Registrants’ management, including their respective PEOs and PFOs, the Registrants evaluated changes in internal control over financial reporting that occurred during the quarter ended June 30, 2011 and found no change that has materially affected, or is reasonably likely to materially affect, internal control over financial reporting.

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ENTERGY ARKANSAS, INC. AND SUBSIDIARIES

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Second Quarter 2011 Compared to Second Quarter 2010

Net income decreased $5.1 million primarily due to higher other operation and maintenance expenses and lower net revenue, partially offset by lower depreciation and amortization expenses and lower interest expense.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income increased $5.3 million primarily due to lower depreciation and amortization expenses, higher net revenue, lower taxes other than income taxes, lower interest expense, and a lower effective income tax rate, partially offset by higher other operation and maintenance expenses and lower other income.

Net Revenue

Second Quarter 2011 Compared to Second Quarter 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory credits.  Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$322.7
Retail electric price	13.5
Volume/weather	(6.2)
Net wholesale revenue	(4.9)
Capacity acquisition recovery	(4.3)
Other	(1.6)
2011 net revenue	$319.2

The retail electric price variance is primarily due to a base rate increase effective July 2010.  See Note 2 to the financial statements in the Form 10-K for discussion of the rate case settlement.

The volume/weather variance is primarily due to less favorable weather and usage during the unbilled sales period compared to the same period in 2010.

The net wholesale revenue variance is primarily due to lower margins on co-owner contracts and higher wholesale energy costs.

The capacity acquisition recovery variance is primarily due to the cessation of the capacity acquisition rider to recover expenses incurred because those costs are recovered in base rates effective July 2010.

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Entergy Arkansas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues decreased primarily due to a decrease of $83.7 million in rider revenues primarily due to lower System Agreement production cost equalization payments.  The decrease was partially offset by an increase of $51.3 million in fuel cost recovery revenues due to a change in the energy cost recovery rider effective April 2011, and the base rate increase effective July 2010, as discussed above.

Fuel and purchased power expenses decreased primarily due to a reduction in the rough production cost equalization recovery rate because Entergy Arkansas’s obligation has decreased.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory credits.  Following is an analysis of the change in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$583.1
Retail electric price	27.6
Net wholesale revenue	(8.5)
Capacity acquisition recovery	(8.4)
Volume/weather	(4.8)
Other	2.2
2011 net revenue	$591.2

The retail electric price variance is primarily due to a base rate increase effective July 2010.  See Note 2 to the financial statements in the Form 10-K for discussion of the rate case settlement.

The net wholesale revenue variance is primarily due to lower margins on co-owner contracts and higher wholesale energy costs.

The capacity acquisition recovery variance is primarily due to the cessation of the capacity acquisition rider to recover expenses incurred because those costs are recovered in base rates effective July 2010.

The volume/weather variance is primarily due to a decrease of 149 GWh, or 1%, in billed electricity usage, primarily in the residential sector due to less favorable weather, partially offset by more favorable volume in the unbilled sales period as compared to the same period in 2010.

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues decreased primarily due to a decrease of $178.4 million in rider revenues primarily due to lower System Agreement production cost equalization payments.  The decrease was partially offset by an increase of $59.3 million in fuel cost recovery revenues due to a change in the energy cost recovery rider effective April 2011, and the base rate increase effective July 2010, as discussed above.

Fuel and purchased power expenses decreased primarily due to a reduction in the rough production cost equalization recovery rate because Entergy Arkansas’s obligation has decreased.

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Entergy Arkansas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Other Income Statement Variances

Second Quarter 2011 Compared to Second Quarter 2010

Other operation and maintenance expenses increased primarily due to:

·   an increase of $5.2 million in fossil costs primarily due to higher fossil plant outage costs;

·   an increase of $4.6 million in nuclear expenses primarily due to higher labor and contract costs; and

·   an increase of $3.2 million due to the deferral and subsequent amortization of 2009 rate case expenses, which began in July 2010.

Depreciation and amortization expenses decreased primarily due to a decrease in depreciation rates as a result of the rate case settlement agreement approved by the APSC in June 2010.

Interest expense decreased primarily due to the refinancing of debt at lower interest rates.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Other operation and maintenance expenses increased primarily due to:

·   an increase of $6.8 million in nuclear expenses primarily due to higher labor and contract costs;

·   an increase of $4.5 million in fossil costs due to higher fossil plant outage costs; and

·   an increase of $3.2 million due to the deferral and subsequent amortization of 2009 rate case expenses, which began in July 2010.

Depreciation and amortization expenses decreased primarily due to a decrease in depreciation rates as a result of the rate case settlement agreement approved by the APSC in June 2010.

Taxes other than income taxes decreased primarily due to a decrease in local franchise taxes as a result of lower residential and commercial gross revenues.

Other income decreased primarily due to lower earnings on decommissioning trust fund investments.

Interest expense decreased primarily due to the refinancing of debt at lower interest rates.

Income Taxes

The effective income tax rates for the second quarter 2011 and the six months ended June 30, 2011 were 40.7% and 41.3% respectively.  The differences in the effective income tax rates for the second quarter 2011 and the six months ended June 30, 2011 versus the federal statutory rate of 35.0% are primarily due to state income taxes and book and tax differences related to utility plant items.

The effective income tax rates for the second quarter 2010 and the six months ended June 30, 2010 were 40.8% and 42.7%, respectively.  The differences in the effective income tax rates for the second quarter 2010 and the six months ended June 30, 2010 versus the federal statutory rate of 35.0% were primarily due to certain book and tax differences related to utility plant items.

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Entergy Arkansas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Liquidity and Capital Resources

April 2011 Storms

In April 2011, several thunderstorms with either tornados or straight-line winds caused damage to Entergy Arkansas’s transmission and distribution lines, equipment, poles, and other facilities.  The estimated cost of repairing that damage is approximately $70 million, of which approximately $20 million is estimated to be operating and maintenance costs that will be charged against the storm cost provision, and the remainder is estimated to be capital investment.

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$106,102	$86,233
Cash flow provided by (used in):
	Operating activities	164,799	351,346
	Investing activities	(251,633)	(155,857)
	Financing activities	(8,837)	(183,430)
Net increase (decrease) in cash and cash equivalents		(95,671)	12,059
Cash and cash equivalents at end of period		$10,431	$98,292

Operating Activities

           Cash flow from operations decreased $186.5 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to a change of $128 million in deferred fuel costs primarily due to a reduction in the rough production cost equalization recovery rate because Entergy Arkansas’s obligation has decreased, along with an increase of $55.8 million in pension contributions.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits funding.

Investing Activities

Net cash flow used in investing activities increased $95.8 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to an increase of $98.7 million in nuclear fuel purchases primarily due to the purchase of nuclear fuel from System Fuels because the Utility companies will now purchase nuclear fuel as System Fuels procures it, rather than primarily at the time of refueling.  The increase is also due to an increase of $40 million in storm restoration spending resulting from the April 2011 storms, as discussed above.  The increase was partially offset by money pool activity, and the repayment by System Fuels of Entergy Arkansas’s $11 million investment in System Fuels.

Decreases in Entergy Arkansas’s receivable from the money pool are a source of cash flow, and Entergy Arkansas’s receivable from the money pool decreased $29.5 million in the six months ended June 30, 2011 compared to increasing $2.9 million in the six months ended June 30, 2010.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ need for external short-term borrowings.

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Entergy Arkansas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Financing Activities

Net cash flow used in financing activities decreased $174.6 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to the retirement in June 2010, at maturity, of $100 million of 4.50% Series first mortgage bonds, the issuance in June 2011 of $55 million of Series J notes by the nuclear fuel company variable interest entity, and a $24 million decrease in dividends paid on common stock compared to the same period in 2010.

Capital Structure

Entergy Arkansas’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30,  2011	December 31, 2010
Debt to capital	55.5%	55.9%
Effect of excluding the securitization bonds	(1.6)%	(1.6)%
Debt to capital, excluding securitization bonds (1)	53.9%	54.3%
Effect of subtracting cash	(0.1)%	(1.5)%
Net debt to net capital, excluding securitization bonds (1)	53.8%	52.8%

(1)  Calculation excludes the securitization bonds, which are non-recourse to Entergy Arkansas.

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable, capital lease obligations, and long-term debt, including the currently maturing portion.  Capital consists of debt, preferred stock without sinking fund, and shareholders’ equity.  Net capital consists of capital less cash and cash equivalents.  Entergy Arkansas uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy Arkansas’s financial condition.

Uses and Sources of Capital

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources"in the Form 10-K for a discussion of Entergy Arkansas’s uses and sources of capital.  Following are additional updates to the information provided in the Form 10-K.

Entergy Arkansas’s receivables from the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
$11,992	$41,463	$31,782	$28,859

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

No borrowings were outstanding under Entergy Arkansas’s credit facility as of June 30, 2011.  In April 2011, at the expiration of this facility, Entergy Arkansas entered into a new $78 million credit facility that expires in April 2012.

Hot Spring Energy Facility Purchase Agreement

In April 2011, Entergy Arkansas announced that it has signed an asset purchase agreement to acquire the Hot Spring Energy Facility, a 620 MW natural gas-fired combined-cycle turbine plant located in Hot Spring County, Arkansas, from a subsidiary of KGen Power Corporation.  The purchase price is expected to be approximately $253 million.  Entergy Arkansas also expects to invest in various plant upgrades at the facility after closing and expects the total cost of the acquisition to be approximately $277 million.  A transmission study estimates that the acquisition could require investment for supplemental upgrades in the Entergy transmission system, but there are still

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Entergy Arkansas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

uncertainties associated with the results of this study that must be resolved.  The purchase is contingent upon, among other things, obtaining necessary approvals, including full cost recovery, from various federal and state regulatory and permitting agencies.  These include regulatory approvals from the APSC and FERC, as well as clearance under the Hart-Scott-Rodino anti-trust law.  Closing is expected to occur in mid-2012.  In July 2011, Entergy Arkansas filed its application with the APSC requesting approval of the acquisition and full cost recovery.

State and Local Rate Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – State and Local Rate Regulation"in the Form 10-K for a discussion of state and local rate regulation.

Federal Regulation

See "System Agreement" and "Independent Coordinator of Transmission" in the "Rate, Cost-recovery, and Other Regulation" section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for updates to the discussion in the Form 10-K.

Nuclear Matters

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Nuclear Matters" in the Form 10-K for a discussion of nuclear matters.

Environmental Risks

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Environmental Risks" in the Form 10-K for a discussion of environmental risks.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in Entergy Arkansas’s accounting for nuclear decommissioning costs, unbilled revenue, and qualified pension and other postretirement benefits.

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ENTERGY ARKANSAS, INC. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	516,833		$	540,535		$	960,331		$	1,072,429
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		86,882			116,739			169,113			282,469
Purchased power		115,489			108,830			208,343			216,980
Nuclear refueling outage expenses		10,258			10,748			20,219			21,859
Other operation and maintenance		127,246			113,518			244,230			225,658
Decommissioning		9,442			8,877			18,739			17,619
Taxes other than income taxes		18,952			20,033			38,531			42,557
Depreciation and amortization		54,252			60,705			109,510			124,703
Other regulatory credits - net		(4,760	)		(7,708	)		(8,331	)		(10,126	)
TOTAL		417,761			431,742			800,354			921,719
OPERATING INCOME		99,072			108,793			159,977			150,710
OTHER INCOME
Allowance for equity funds used during construction		1,815			1,304			2,880			2,758
Interest and investment income		5,381			6,034			9,161			13,722
Miscellaneous - net		(1,140	)		(323	)		(1,889	)		(85	)
TOTAL		6,056			7,015			10,152			16,395
INTEREST EXPENSE
Interest expense		20,960			23,023			42,023			45,359
Allowance for borrowed funds used during construction		(622	)		(762	)		(1,101	)		(1,611	)
TOTAL		20,338			22,261			40,922			43,748
INCOME BEFORE INCOME TAXES		84,790			93,547			129,207			123,357
Income taxes		34,492			38,146			53,301			52,703
NET INCOME		50,298			55,401			75,906			70,654
Preferred dividend requirements and other		1,718			1,718			3,437			3,437
EARNINGS APPLICABLE TO
COMMON STOCK	$	48,580		$	53,683		$	72,469		$	67,217
See Notes to Financial Statements.

75

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76

ENTERGY ARKANSAS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	75,906		$	70,654
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization		167,451			179,316
Deferred income taxes, investment tax credits, and non-current taxes accrued		53,803			(156,174	)
Changes in working capital:
Receivables		(42,944	)		(21,628	)
Fuel inventory		719			(4,815	)
Accounts payable		35,435			(51,095	)
Prepaid taxes and taxes accrued		(7,142	)		172,506
Interest accrued		2,204			(836	)
Deferred fuel costs		9,409			137,385
Other working capital accounts		(22,042	)		70,417
Changes in provisions for estimated losses		(2,486	)		(8,125	)
Changes in other regulatory assets		13,074			(38,326	)
Changes in pension and other postretirement liabilities		(91,437	)		(28,336	)
Other		(27,151	)		30,403
Net cash flow provided by operating activities		164,799			351,346
INVESTING ACTIVITIES
Construction expenditures		(173,311	)		(144,478	)
Allowance for equity funds used during construction		3,518			2,758
Nuclear fuel purchases		(110,848	)		(12,129	)
Proceeds from sale of equipment		-			2,489
Changes in other investments		-			2,415
Proceeds from nuclear decommissioning trust fund sales		46,176			132,340
Investment in nuclear decommissioning trust funds		(57,102	)		(136,329	)
Change in money pool receivable - net		29,471			(2,923	)
Investment in affiliates		10,994			-
Remittances to transition charge account		(6,867	)		-
Payments from transition charge account		6,336			-
Net cash flow used in investing activities		(251,633	)		(155,857	)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt		54,905			-
Retirement of long-term debt		(4,145	)		(100,000	)
Changes in short-term borrowings - net		(27,160	)		(25,777	)
Dividends paid:
Common stock		(29,000	)		(53,400	)
Preferred stock		(3,437	)		(3,437	)
Other		-			(816	)
Net cash flow used in financing activities		(8,837	)		(183,430	)
Net increase (decrease) in cash and cash equivalents		(95,671	)		12,059
Cash and cash equivalents at beginning of period		106,102			86,233
Cash and cash equivalents at end of period	$	10,431		$	98,292
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	37,358		$	43,570
Income taxes	$	-		$	10,000
See Notes to Financial Statements.

77

ENTERGY ARKANSAS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	5,537		$	4,250
Temporary cash investments		4,894			101,852
Total cash and cash equivalents		10,431			106,102
Securitization recovery trust account		2,943			2,412
Accounts receivable:
Customer		96,199			79,905
Allowance for doubtful accounts		(23,955	)		(24,402	)
Associated companies		52,555			82,583
Other		64,754			61,135
Accrued unbilled revenues		97,368			74,227
Total accounts receivable		286,921			273,448
Deferred fuel costs		52,093			61,502
Fuel inventory - at average cost		36,980			37,699
Materials and supplies - at average cost		139,289			140,095
Deferred nuclear refueling outage costs		38,893			23,099
System agreement cost equalization		66,351			52,160
Prepaid taxes		93,835			86,693
Prepayments and other		10,052			7,877
TOTAL		737,788			791,087
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds		551,003			520,841
Non-utility property - at cost (less accumulated depreciation)		1,681			1,684
Other		3,182			14,176
TOTAL		555,866			536,701
UTILITY PLANT
Electric		7,871,282			7,787,348
Property under capital lease		1,269			1,303
Construction work in progress		182,127			114,324
Nuclear fuel		260,315			188,611
TOTAL UTILITY PLANT		8,314,993			8,091,586
Less - accumulated depreciation and amortization		3,775,019			3,683,001
UTILITY PLANT - NET		4,539,974			4,408,585
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		93,203			98,836
Other regulatory assets (includes securitization property of
$113,023 as of June 30, 2011 and $118,505 as of
December 31, 2010)		885,492			892,449
Other		29,553			23,710
TOTAL		1,008,248			1,014,995
TOTAL ASSETS	$	6,841,876		$	6,751,368
See Notes to Financial Statements.

78

ENTERGY ARKANSAS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011		2010
	(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt	$	35,000	$	35,000
Short-term borrowings		35,617		62,777
Accounts payable:
Associated companies		106,654		92,627
Other		138,034		114,454
Customer deposits		78,209		72,535
Accumulated deferred income taxes		91,148		82,820
Interest accrued		29,224		27,020
Other		24,753		21,115
TOTAL		538,639		508,348
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		1,704,262		1,661,365
Accumulated deferred investment tax credits		43,933		44,928
Other regulatory liabilities		150,017		140,801
Decommissioning		620,903		602,164
Accumulated provisions		5,484		7,970
Pension and other postretirement liabilities		324,488		415,925
Long-term debt (includes securitization bonds of $119,922 as
of June 30, 2011 and $124,066 as of December 31, 2010)		1,879,895		1,828,910
Other		10,530		20,701
TOTAL		4,739,512		4,722,764
Commitments and Contingencies
Preferred stock without sinking fund		116,350		116,350
COMMON EQUITY
Common stock, $0.01 par value, authorized 325,000,000
shares; issued and outstanding 46,980,196 shares in 2011
and 2010		470		470
Paid-in capital		588,444		588,444
Retained earnings		858,461		814,992
TOTAL		1,447,375		1,403,906
TOTAL LIABILITIES AND EQUITY	$	6,841,876	$	6,751,368
See Notes to Financial Statements.

79

ENTERGY ARKANSAS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN COMMON EQUITY
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
	Common Equity
	Common Stock		Paid-in Capital		Retained Earnings			Total
Balance at December 31, 2009	$	470	$	588,444	$	822,647		$	1,411,561
Net income		-		-		70,654			70,654
Common stock dividends		-		-		(53,400	)		(53,400	)
Preferred stock dividends		-		-		(3,437	)		(3,437	)
Balance at June 30, 2010	$	470	$	588,444	$	836,464		$	1,425,378
Balance at December 31, 2010	$	470	$	588,444	$	814,992		$	1,403,906
Net income		-		-		75,906			75,906
Common stock dividends		-		-		(29,000	)		(29,000	)
Preferred stock dividends		-		-		(3,437	)		(3,437	)
Balance at June 30, 2011	$	470	$	588,444	$	858,461		$	1,447,375
See Notes to Financial Statements.

80

ENTERGY ARKANSAS, INC.
SELECTED OPERATING RESULTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	157	$	164	$	(7	)		(4	)
Commercial		107		111		(4	)		(4	)
Industrial		101		109		(8	)		(7	)
Governmental		6		4		2			50
Total retail		371		388		(17	)		(4	)
Sales for resale
Associated companies		73		76		(3	)		(4	)
Non-associated companies		23		16		7			44
Other		50		61		(11	)		(18	)
Total	$	517	$	541	$	(24	)		(4	)
Billed Electric Energy
Sales (GWh):
Residential		1,654		1,624		30			2
Commercial		1,425		1,429		(4	)		-
Industrial		1,704		1,739		(35	)		(2	)
Governmental		65		62		3			5
Total retail		4,848		4,854		(6	)		-
Sales for resale
Associated companies		1,723		2,070		(347	)		(17	)
Non-associated companies		301		139		162			117
Total		6,872		7,063		(191	)		(3	)
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	332	$	383	$	(51	)		(13	)
Commercial		199		220		(21	)		(10	)
Industrial		184		210		(26	)		(12	)
Governmental		9		9		-			-
Total retail		724		822		(98	)		(12	)
Sales for resale
Associated companies		137		155		(18	)		(12	)
Non-associated companies		47		40		7			18
Other		52		55		(3	)		(5	)
Total	$	960	$	1,072	$	(112	)		(10	)
Billed Electric Energy
Sales (GWh):
Residential		3,905		4,025		(120	)		(3	)
Commercial		2,785		2,809		(24	)		(1	)
Industrial		3,317		3,325		(8	)		-
Governmental		129		126		3			2
Total retail		10,136		10,285		(149	)		(1	)
Sales for resale
Associated companies		3,381		4,057		(676	)		(17	)
Non-associated companies		625		387		238			61
Total		14,142		14,729		(587	)		(4	)

81

ENTERGY GULF STATES LOUISIANA, L.L.C.

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Second Quarter 2011 Compared to Second Quarter 2010

Net income increased by $17.2 million primarily due to higher net revenue, lower interest expense, and a lower effective income tax rate, partially offset by higher depreciation and amortization expenses.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income increased by $24.7 million primarily due to higher net revenue, lower interest expense, and a lower effective income tax rate, partially offset by higher depreciation and amortization expenses.

Net Revenue

Second Quarter 2011 Compared to Second Quarter 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory credits.  Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$229.3
Volume/weather	7.6
Other	2.7
2011 net revenue	$239.6

The volume/weather variance is primarily due to an increase in sales volume in the unbilled period as well as an increase of 94 GWh, or 2%, in billed electricity usage, including the effect of more favorable weather on the residential and commercial sectors.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory credits.  Following is an analysis of the change in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$447.3
Volume/weather	7.6
Fuel recovery	7.0
Net wholesale revenue	4.0
Other	(1.2)
2011 net revenue	$464.7

82

Entergy Gulf States Louisiana, L.L.C.

Management's Financial Discussion and Analysis

The volume/weather variance is primarily due to an increase in sales volume in the unbilled period as well as an increase of 192 GWh, or 2%, in billed electricity usage, primarily in the industrial sector as a result of increased consumption in the chemicals industry, and the effect of more favorable weather on the commercial sector.

The fuel recovery variance resulted primarily from an adjustment to deferred fuel costs in the first quarter 2010.

The net wholesale revenue variance is primarily due to higher revenue as a result of sales to Entergy Texas.

Other Income Statement Variances

Second Quarter 2011 Compared to Second Quarter 2010

Depreciation and amortization expenses increased primarily due to a revision in the second quarter 2010 related to depreciation on storm cost-related assets and an increase in plant in service.  Recovery of the storm cost-related assets will now be through the Act 55 financing of storm costs as approved by the LPSC in June 2010.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Hurricane Gustav and Hurricane Ike” and Note 2 to the financial statements in the Form 10-K for a discussion of the Act 55 storm cost financing.

Interest expense decreased primarily due to:

·   interest expense accrued in 2010 related to the expected result of the LPSC staff audit of the fuel adjustment clause for the period 1995 through 2004; and

·   redemptions of first mortgage bonds of $68 million in June 2010 and $304 million in November 2010, partially offset by the issuance of first mortgage bonds of $250 million in October 2010.  See Note 4 to the financial statements in the Form 10-K for details of long-term debt.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Depreciation and amortization expenses increased primarily due to a revision in the second quarter 2010 related to depreciation on storm cost-related assets and an increase in plant in service.  Recovery of the storm cost-related assets will now be through the Act 55 financing of storm costs as approved by the LPSC in June 2010.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Hurricane Gustav and Hurricane Ike” and Note 2 to the financial statements in the Form 10-K for a discussion of the Act 55 storm cost financing.

Interest expense decreased primarily due to:

·   interest expense accrued in 2010 related to the expected result of the LPSC staff audit of the fuel adjustment clause for the period 1995 through 2004; and

·   redemptions of first mortgage bonds of $68 million in June 2010 and $304 million in November 2010, partially offset by the issuance of first mortgage bonds of $250 million in October 2010.  See Note 4 to the financial statements in the Form 10-K for details of long-term debt.

Income Taxes

The effective income tax rate was 38.7% for the second quarter 2011 and 37.5% for the six months ended June 30, 2011.  The differences in the effective income tax rates for the second quarter 2011 and for the six months ended June 30, 2011 versus the federal statutory rate of 35% are primarily due to state income taxes, book and tax differences related to utility plant items, and flow-through tax accounting, partially offset by book and tax differences related to non-taxable distributions earned on the preferred membership interests purchased from Entergy Holdings Company with the proceeds received from the Act 55 storm cost financings and the amortization of investment tax credits.

83

Entergy Gulf States Louisiana, L.L.C.

Management's Financial Discussion and Analysis

The effective income tax rate was 47.9% for the second quarter 2010 and 43.0% for the six months ended June 30, 2010.  The differences in the effective income tax rates for the second quarter 2010 and for the six months ended June 30, 2010 versus the federal statutory rate of 35% were primarily due to book and tax differences related to utility plant items, state income taxes, and the reversal of prior flow through items related to the effects of storm cost financing, partially offset by book and tax differences related to non-taxable distributions earned on the preferred membership interests purchased from Entergy Holdings Company with the proceeds received from the Act 55 storm cost financings and the amortization of investment tax credits.

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$155,173	$144,460
Cash flow provided by (used in):
	Operating activities	176,653	208,179
	Investing activities	(203,048)	(128,780)
	Financing activities	(90,861)	(75,311)
Net increase (decrease) in cash and cash equivalents		(117,256)	4,088
Cash and cash equivalents at end of period		$37,917	$148,548

Operating Activities

Net cash flow provided by operating activities decreased $31.5 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to higher nuclear refueling outage spending at River Bend and an increase of $11.0 million in pension contributions.  River Bend had a refueling outage in the first half of 2011 and did not have one in the first half of 2010.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits.

Investing Activities

Net cash flow used in investing activities increased $74.3 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to an increase of $58.7 million in nuclear fuel purchases and money pool activity, partially offset by a decrease in construction expenditures resulting from $24.9 million in costs associated with the development of new nuclear generation at River Bend in 2010.

Increases in Entergy Gulf States Louisiana’s receivable from the money pool are a use of cash flow, and Entergy Gulf States Louisiana’s receivable from the money pool increased by $28.5 million for the six months ended June 30, 2011 compared to decreasing by $0.1 million for the six months ended June 30, 2010.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility operating companies’ need for external short-term borrowings.

84

Entergy Gulf States Louisiana, L.L.C.

Management's Financial Discussion and Analysis

Financing Activities

Net cash flow used in financing activities increased $15.6 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to an increase of $57.9 million in common equity distributions, partially offset by net borrowings of $32.1 million against the nuclear fuel company variable interest entity credit facility in 2011. See Note 4 to the financial statements for a discussion of the credit facility.

Capital Structure

Entergy Gulf States Louisiana’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30, 2011	December 31, 2010
Debt to capital	52.2%	51.2%
Effect of subtracting cash	(0.6)%	(2.6)%
Net debt to net capital	51.6%	48.6%

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable, capital lease obligations and long-term debt, including the currently maturing portion.  Capital consists of debt and member’s equity.  Net capital consists of capital less cash and cash equivalents.  Entergy Gulf States Louisiana uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy Gulf States Louisiana’s financial condition.

Uses and Sources of Capital

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources" in the Form 10-K for a discussion of Entergy Gulf States Louisiana’s uses and sources of capital.  Following are additional updates to the information provided in the Form 10-K.

Entergy Gulf States Louisiana’s receivables from the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
$91,453	$63,003	$50,032	$50,131

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

As discussed in the Form 10-K, Entergy Gulf States Louisiana has a credit facility in the amount of $100 million scheduled to expire in August 2012.  No borrowings were outstanding under the facility as of June 30, 2011.

New Nuclear Development

See the Form 10-K for a discussion of the project option being developed by Entergy Gulf States Louisiana and Entergy Louisiana for new nuclear generation at River Bend.  In March 2010, Entergy Gulf States Louisiana and Entergy Louisiana filed with the LPSC seeking approval to continue the development activities.  In April 2011 the procedural schedule was suspended to allow for further settlement discussions among the parties.  Discovery is complete and the parties have filed testimony and pre-hearing briefs.  The testimony and pre-hearing brief of the LPSC staff generally support the request of Entergy Gulf States Louisiana and Entergy Louisiana, although other parties filed briefs, without supporting testimony, in opposition to the request.  An evidentiary hearing has been scheduled for October 3 and 7, 2011.

85

Entergy Gulf States Louisiana, L.L.C.

Management's Financial Discussion and Analysis

Entergy Louisiana’s Ninemile Point Unit 6 Self-Build Project

In June 2011, Entergy Louisiana filed with the LPSC an application seeking certification that the public necessity and convenience would be served by Entergy Louisiana’s construction of a combined-cycle gas turbine generating facility (Ninemile 6) at its existing Ninemile Point electric generating station.  Ninemile 6 will be a nominally-sized 550 MW unit that is estimated to cost approximately $721 million to construct, excluding interconnection and transmission upgrades.  Entergy Gulf States Louisiana joined in the application, seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% of the capacity and energy generated by Ninemile 6.  The Ninemile 6 capacity and energy is proposed to be allocated 55% to Entergy Louisiana, 25% to Entergy Gulf States Louisiana, and 20% to Entergy New Orleans.  Entergy New Orleans has filed a request with the City Council to approve its purchase under a life-of-unit power purchase agreement of this capacity and energy.  If the City Council does not approve this power purchase agreement in a timely manner, then an allocation of 65% to Entergy Louisiana and 35% to Entergy Gulf States Louisiana is proposed.  If approvals are obtained from the LPSC and other permitting agencies, Ninemile 6 construction is expected to begin in 2012, and the unit is expected to commence commercial operation by mid-2015.

State and Local Rate Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – State and Local Rate Regulation"in the Form 10-K for a discussion of state and local rate regulation.  Following are updates to that discussion.

In January 2003 the LPSC authorized its staff to initiate a proceeding to audit the fuel adjustment clause filings of Entergy Gulf States Louisiana and its affiliates.  The audit includes a review of the reasonableness of charges flowed by Entergy Gulf States Louisiana through its fuel adjustment clause for the period 1995 through 2004.  The LPSC Staff issued its audit report in December 2010.  The report recommends the disallowance of $23 million of costs which, with interest, will total $43 million.  $2 million of this total relates to a realignment to and recovery through base rates of certain SO2 costs.  Entergy Gulf States Louisiana filed comments disputing the findings in the report.  Entergy Gulf States Louisiana and the LPSC Staff have reached a settlement that, if approved by the LPSC, will resolve this matter.  The settlement requires Entergy Gulf States Louisiana to refund $18 million to customers, including the realignment to base rates of the $2 million of SO2 costs.  The procedural schedule requires Entergy Gulf States Louisiana and the LPSC Staff to file the settlement by August 29, 2011, with hearings to take place either in September 2011, if the settlement is uncontested, or in late October or early November 2011, if the settlement is contested.  The Louisiana Energy Users Group is the sole active intervenor in the case and is currently reviewing the settlement.  Entergy Gulf States Louisiana has recorded provisions for the estimated effect of this proceeding.

In April 2010 the LPSC authorized its staff to initiate an audit of Entergy Gulf States Louisiana’s purchased gas adjustment clause filings for its gas distribution operations.  The audit includes a review of the reasonableness of charges flowed through by Entergy Gulf States Louisiana for the period from 2003 through 2008.  Discovery is complete and, in June 2011, the LPSC staff filed an audit report generally supporting the appropriateness of charges flowed through the purchased gas adjustment clause filings.  LPSC consideration of the audit report is pending.

In January 2011, Entergy Gulf States Louisiana filed with the LPSC its gas rate stabilization plan for the test year ended September 30, 2010.  The filing showed an earned return on common equity of 8.84% and a revenue deficiency of $0.3 million.  In March 2011, the LPSC staff filed its findings, suggesting an adjustment that will produce an 11.76% earned return on common equity for the test year and a $0.2 million rate reduction.  Entergy Gulf States Louisiana implemented the $0.2 million rate reduction effective with the May 2011 billing cycle.  The LPSC docket is now closed.

In May 2011, Entergy Gulf States Louisiana made a special formula rate plan rate implementation filing with the LPSC that implements effective with the May 2011 billing cycle a $5.1 million rate decrease to reflect adjustments in accordance with a previous LPSC order relating to the acquisition of Unit 2 of the Acadia Energy Center by Entergy Louisiana.  As a result of the closing of the acquisition and termination of the pre-acquisition power purchase agreement with Acadia, Entergy Gulf States Louisiana’s allocation of capacity related to this unit ended, resulting in a reduction in the additional capacity revenue requirement.

86

Entergy Gulf States Louisiana, L.L.C.

Management's Financial Discussion and Analysis

In May 2011, Entergy Gulf States Louisiana made its formula rate plan filing with the LPSC for the 2010 test year.  The filing reflects an 11.11% earned return on common equity, which is within the allowed earnings bandwidth, indicating no cost of service rate change is necessary under the formula rate plan.  The filing also reflects a $22.8 million rate decrease for incremental capacity costs.  The filing is currently subject to LPSC review.

Federal Regulation

See "System Agreement" and "Independent Coordinator of Transmission" in the "Rate, Cost-recovery, and Other Regulation" section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for updates to the discussion in the Form 10-K.

Nuclear Matters

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Nuclear Matters" in the Form 10-K for a discussion of nuclear matters.

Environmental Risks

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Environmental Risks" in the Form 10-K for a discussion of environmental risks.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in Entergy Gulf States Louisiana’s accounting for nuclear decommissioning costs, unbilled revenue, and qualified pension and other postretirement benefits.

87

ENTERGY GULF STATES LOUISIANA, L.L.C.
INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	511,648		$	497,004		$	978,689		$	954,785
Natural gas		10,914			12,221			39,771			53,115
TOTAL		522,562			509,225			1,018,460			1,007,900
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		75,923			68,853			156,558			132,989
Purchased power		207,389			213,417			398,497			432,027
Nuclear refueling outage expenses		4,324			5,605			9,342			11,323
Other operation and maintenance		87,472			87,240			166,485			166,879
Decommissioning		3,522			3,325			6,993			6,604
Taxes other than income taxes		18,777			17,954			37,578			36,410
Depreciation and amortization		35,675			32,613			71,399			67,802
Other regulatory credits - net		(380	)		(2,376	)		(1,322	)		(4,430	)
TOTAL		432,702			426,631			845,530			849,604
OPERATING INCOME		89,860			82,594			172,930			158,296
OTHER INCOME
Allowance for equity funds used during construction		2,163			1,525			3,903			2,811
Interest and investment income		10,473			8,780			19,831			19,378
Miscellaneous - net		(1,712	)		(1,773	)		(3,873	)		(3,352	)
TOTAL		10,924			8,532			19,861			18,837
INTEREST EXPENSE
Interest expense		21,231			30,423			42,580			55,605
Allowance for borrowed funds used during construction		(828	)		(982	)		(1,693	)		(1,799	)
TOTAL		20,403			29,441			40,887			53,806
INCOME BEFORE INCOME TAXES		80,381			61,685			151,904			123,327
Income taxes		31,071			29,531			56,923			53,090
NET INCOME		49,310			32,154			94,981			70,237
Preferred distribution requirements and other		206			208			412			414
EARNINGS APPLICABLE TO COMMON EQUITY	$	49,104		$	31,946		$	94,569		$	69,823
See Notes to Financial Statements.

88

ENTERGY GULF STATES LOUISIANA, L.L.C.
STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	94,981		$	70,237
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization		101,561			98,435
Deferred income taxes, investment tax credits, and non-current taxes accrued		13,995			(301,383	)
Changes in working capital:
Receivables		(58,808	)		(66,006	)
Fuel inventory		(2,435	)		1,973
Accounts payable		(17,147	)		62,841
Prepaid taxes and taxes accrued		63,111			325,175
Interest accrued		(692	)		229
Deferred fuel costs		(38,044	)		(29,431	)
Other working capital accounts		(10,757	)		39,676
Changes in provisions for estimated losses		840			(7,322	)
Changes in other regulatory assets		21,505			(2,998	)
Changes in pension and other postretirement liabilities		(14,164	)		(3,428	)
Other		22,707			20,181
Net cash flow provided by operating activities		176,653			208,179
INVESTING ACTIVITIES
Construction expenditures		(108,261	)		(118,261	)
Allowance for equity funds used during construction		3,903			2,811
Nuclear fuel purchases		(70,728	)		(12,023	)
Proceeds from the sale of nuclear fuel		9,647			-
Proceeds from nuclear decommissioning trust fund sales		20,668			78,849
Investment in nuclear decommissioning trust funds		(29,749	)		(83,391	)
Change in money pool receivable - net		(28,450	)		99
Changes in other investments		(78	)		3,136
Net cash flow used in investing activities		(203,048	)		(128,780	)
FINANCING ACTIVITIES
Changes in credit borrowings - net		32,100			(9,500	)
Dividends/distributions paid:
Common equity		(122,250	)		(64,300	)
Preferred membership interests		(412	)		(414	)
Other		(299	)		(1,097	)
Net cash flow used in financing activities		(90,861	)		(75,311	)
Net increase (decrease) in cash and cash equivalents		(117,256	)		4,088
Cash and cash equivalents at beginning of period		155,173			144,460
Cash and cash equivalents at end of period	$	37,917		$	148,548
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid/(received) during the period for:
Interest - net of amount capitalized	$	41,695		$	53,905
Income taxes	$	(7	)	$	394
Noncash financing activities:
Repayment by Entergy Texas of assumed long-term debt	$	-		$	167,742
See Notes to Financial Statements.

89

ENTERGY GULF STATES LOUISIANA, L.L.C.
BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	183		$	231
Temporary cash investments		37,734			154,942
Total cash and cash equivalents		37,917			155,173
Accounts receivable:
Customer		78,021			60,369
Allowance for doubtful accounts		(1,511	)		(1,306	)
Associated companies		181,304			119,252
Other		26,014			27,728
Accrued unbilled revenues		66,089			56,616
Total accounts receivable		349,917			262,659
Deferred fuel costs		15,743			-
Fuel inventory - at average cost		28,262			25,827
Materials and supplies - at average cost		110,638			113,302
Deferred nuclear refueling outage costs		30,164			7,372
Prepaid taxes		-			40,946
Prepayments and other		7,721			5,127
TOTAL		580,362			610,406
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests		339,664			339,664
Decommissioning trust funds		418,129			393,580
Non-utility property - at cost (less accumulated depreciation)		161,964			156,845
Storm reserve escrow account		90,204			90,125
Other		12,519			12,011
TOTAL		1,022,480			992,225
UTILITY PLANT
Electric		6,985,003			6,907,268
Natural gas		127,473			124,020
Construction work in progress		118,621			119,017
Nuclear fuel		205,730			202,609
TOTAL UTILITY PLANT		7,436,827			7,352,914
Less - accumulated depreciation and amortization		3,860,793			3,812,394
UTILITY PLANT - NET		3,576,034			3,540,520
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		228,514			234,406
Other regulatory assets		254,317			270,883
Deferred fuel costs		100,124			100,124
Other		17,571			14,832
TOTAL		600,526			620,245
TOTAL ASSETS	$	5,779,402		$	5,763,396
See Notes to Financial Statements.

90

ENTERGY GULF STATES LOUISIANA, L.L.C.
BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT LIABILITIES
Accounts payable:
Associated companies	$	100,634		$	71,601
Other		110,589			160,246
Customer deposits		49,462			48,631
Taxes accrued		22,165			-
Accumulated deferred income taxes		12,367			1,749
Interest accrued		26,569			27,261
Deferred fuel costs		-			22,301
Pension and other postretirement liabilities		7,606			7,415
System agreement cost equalization		10,282			-
Other		15,710			15,049
TOTAL		355,384			354,253
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		1,406,839			1,405,374
Accumulated deferred investment tax credits		83,189			84,858
Other regulatory liabilities		94,518			83,479
Decommissioning and asset retirement cost liabilities		349,717			339,925
Accumulated provisions		98,520			97,680
Pension and other postretirement liabilities		206,268			220,432
Long-term debt		1,616,551			1,584,332
Long-term payables - associated companies		31,791			32,596
Other		53,879			51,254
TOTAL		3,941,272			3,899,930
Commitments and Contingencies
EQUITY
Preferred membership interests without sinking fund		10,000			10,000
Member's equity		1,511,821			1,539,517
Accumulated other comprehensive loss		(39,075	)		(40,304	)
TOTAL		1,482,746			1,509,213
TOTAL LIABILITIES AND EQUITY	$	5,779,402		$	5,763,396
See Notes to Financial Statements.

91

ENTERGY GULF STATES LOUISIANA, L.L.C.
STATEMENTS OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
			Common Equity
	Preferred Membership Interests		Member's Equity			Accumulated Other Comprehensive Income (Loss)			Total
Balance at December 31, 2009	$	10,000	$	1,473,930		$	(42,171	)	$	1,441,759
Net income		-		70,237			-			70,237
Other comprehensive income:
Pension and other postretirement liabilities (net of tax expense of $1,048)		-		-			1,098			1,098
Total comprehensive income										71,335
Dividends/distributions declared on common equity		-		(64,300	)		-			(64,300	)
Dividends/distributions declared on preferred membership interests		-		(414	)		-			(414	)
Other		-		(10	)		-			(10	)
Balance at June 30, 2010	$	10,000	$	1,479,443		$	(41,073	)	$	1,448,370
Balance at December 31, 2010	$	10,000	$	1,539,517		$	(40,304	)	$	1,509,213
Net income		-		94,981			-			94,981
Other comprehensive income:
Pension and other postretirement liabilities (net of tax expense of $1,015)		-		-			1,229			1,229
Total comprehensive income										96,210
Dividends/distributions declared on common equity		-		(122,250	)		-			(122,250	)
Dividends/distributions declared on preferred membership interests		-		(412	)		-			(412	)
Other		-		(15	)		-			(15	)
Balance at June 30, 2011	$	10,000	$	1,511,821		$	(39,075	)	$	1,482,746
See Notes to Financial Statements.

92

ENTERGY GULF STATES LOUISIANA, L.L.C.
SELECTED OPERATING RESULTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	110	$	107	$	3			3
Commercial		103		101		2			2
Industrial		128		128		0			-
Governmental		6		5		1			20
Total retail		347		341		6			2
Sales for resale
Associated companies		126		116		10			9
Non-associated companies		15		22		(7	)		(32	)
Other		24		18		6			33
Total	$	512	$	497	$	15			3
Billed Electric Energy
Sales (GWh):
Residential		1,229		1,195		34			3
Commercial		1,275		1,244		31			2
Industrial		2,345		2,319		26			1
Governmental		54		51		3			6
Total retail		4,903		4,809		94			2
Sales for resale
Associated companies		2,262		2,216		46			2
Non-associated companies		306		480		(174	)		(36	)
Total		7,471		7,505		(34	)		-
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	220	$	226	$	(6	)		(3	)
Commercial		200		199		1			1
Industrial		243		241		2			1
Governmental		11		10		1			10
Total retail		674		676		(2	)		-
Sales for resale
Associated companies		245		209		36			17
Non-associated companies		28		46		(18	)		(39	)
Other		32		24		8			33
Total	$	979	$	955	$	24			3
Billed Electric Energy
Sales (GWh):
Residential		2,476		2,520		(44	)		(2	)
Commercial		2,488		2,443		45			2
Industrial		4,520		4,329		191			4
Governmental		107		107		-			-
Total retail		9,591		9,399		192			2
Sales for resale
Associated companies		4,136		3,906		230			6
Non-associated companies		510		957		(447	)		(47	)
Total		14,237		14,262		(25	)		-

93

ENTERGY LOUISIANA, LLC

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Second Quarter 2011 Compared to Second Quarter 2010

Net income increased $13.8 million primarily due to higher net revenue, higher other income, and a lower effective income tax rate, partially offset by higher depreciation and amortization expenses and higher taxes other than income taxes.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income increased $17.3 million primarily due to higher net revenue, higher other income, and a lower effective income tax rate, partially offset by higher other operation and maintenance expenses, higher depreciation and amortization expenses, and higher taxes other than income taxes.

Net Revenue

Second Quarter 2011 Compared to Second Quarter 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory credits.  Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$269.1
Retail electric price	16.9
2011 net revenue	$286.0

The retail electric price variance is primarily due to formula rate plan increases effective September 2010 and May 2011, partially offset by more credits passed on to customers in 2011 compared to 2010 related to the Act 55 storm cost financing.  See Note 2 to the financial statements herein and in the Form 10-K for discussions of the formula rate plan increases and the Act 55 storm cost financing.

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues increased primarily due to an increase of $29.9 million in fuel cost recovery revenues due to higher fuel rates.  Entergy Louisiana’s fuel and purchased power recovery mechanism is discussed in Note 2 to the financial statements in the Form 10-K.

Fuel and purchased power expenses increased primarily due to an increase in the demand for gas-fired generation because of a refueling outage at Waterford 3 in the second quarter 2011.

94

Entergy Louisiana, LLC

Management's Financial Discussion and Analysis

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory credits.  Following is an analysis of the change in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$507.4
Retail electric price	9.2
Other	3.2
2011 net revenue	$519.8

The retail electric price variance is primarily due to formula rate plan increases effective September 2010 and May 2011, partially offset by more credits passed on to customers in 2011 compared to 2010 related to the Act 55 storm cost financing.  See Note 2 to the financial statements herein and in the Form 10-K for discussions of the formula rate plan increases and the Act 55 storm cost financing.

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues decreased primarily due to a decrease of $61.9 million in fuel cost recovery revenues due to lower fuel rates.  Entergy Louisiana’s fuel and purchased power recovery mechanism is discussed in Note 2 to the financial statements in the Form 10-K.

Fuel and purchased power expenses decreased primarily due to a decrease in the recovery from customers of deferred fuel costs, partially offset by an increase in demand for gas-fired generation because of a refueling outage at Waterford 3 in the second quarter 2011.

Other Income Statement Variances

Second Quarter 2011 Compared to Second Quarter 2010

Taxes other than income taxes increased primarily due to an increase in ad valorem taxes as a result of a higher 2011 assessment and a reduction in capitalized property taxes as compared to 2010 and an increase in local franchise taxes as a result of higher revenues primarily in the residential and commercial sectors.

Depreciation and amortization expenses increased primarily due to a revision in the second quarter 2010 related to depreciation on storm cost-related assets.  Recovery of the cost of those assets will now be through the Act 55 financing of storm costs as approved by the LPSC in June 2010.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Hurricane Gustav and Hurricane Ike” and Note 2 to the financial statements in the Form 10-K for a discussion of the Act 55 storm cost financing.

Other income increased primarily due to an increase of $5.9 million in distributions earned on preferred membership interests purchased from Entergy Holdings Company with the proceeds received from the Act 55 storm cost financing.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Hurricane Gustav and Hurricane Ike” and Note 2 to the financial statements in the Form 10-K for a discussion of the Act 55 storm cost financing.

95

Entergy Louisiana, LLC

Management's Financial Discussion and Analysis

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Other operation and maintenance expenses increased primarily due to:

·   an increase of $2.9 million in nuclear expenses due to higher nuclear labor costs;

·   an increase of $1.6 million in loss provisions in 2011; and

·   an increase of $1.3 million in legal expenses primarily resulting from an increase in legal and regulatory activity increasing the use of outside legal services.

Taxes other than income taxes increased primarily due to an increase in ad valorem taxes as a result of a higher 2011 assessment and a reduction in capitalized property taxes as compared to 2010.

Depreciation and amortization expenses increased primarily due to a revision in the second quarter 2010 related to depreciation on storm cost-related assets.  Recovery of the cost of those assets will now be through the Act 55 financing of storm costs as approved by the LPSC in June 2010.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Hurricane Gustav and Hurricane Ike” and Note 2 to the financial statements in the Form 10-K for a discussion of the Act 55 storm cost financing.

Other income increased primarily due to an increase of $11.8 million in distributions earned on preferred membership interests purchased from Entergy Holdings Company with the proceeds received from the Act 55 storm cost financing.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Hurricane Gustav and Hurricane Ike” and Note 2 to the financial statements in the Form 10-K for a discussion of the Act 55 storm cost financing.

Income Taxes

The effective income tax rate was 26.5% for the second quarter 2011 and 24.3% for the six months ended June 30, 2011.  The differences in the effective income tax rates for the second quarter 2011 and the six months ended June 30, 2011 versus the federal statutory rate of 35.0% are primarily due to book and tax differences related to non-taxable distributions earned on the preferred membership interests purchased from Entergy Holdings Company with the proceeds received from the Act 55 storm cost financings and book and tax differences related to the allowance for equity funds used during construction, partially offset by state income taxes.

The effective income tax rate was 31.1% for the second quarter 2010 and 30.3% for the six months ended June 30, 2010.  The differences in the effective income tax rates for the second quarter 2010 and the six months ended June 30, 2010 versus the federal statutory rate of 35.0% were primarily due to book and tax differences related to non-taxable distributions earned on the preferred membership interests purchased from Entergy Holdings Company with the proceeds received from the Act 55 storm cost financings and book and tax differences related to allowance for equity funds used during construction, partially offset by state income taxes.

96

Entergy Louisiana, LLC

Management's Financial Discussion and Analysis

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$123,254	$151,849
Cash flow provided by (used in):
	Operating activities	51,486	226,060
	Investing activities	(578,247)	(175,517)
	Financing activities	405,519	(103,357)
Net decrease in cash and cash equivalents		(121,242)	(52,814)
Cash and cash equivalents at end of period		$2,012	$99,035

Operating Activities

Cash flow provided by operating activities decreased $174.6 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to decreased recovery of fuel costs due to a decrease in the amount of deferred fuel to be recovered compared to last year, an increase of $30.9 million in pension contributions, and the purchase of $28.1 million of fuel oil from System Fuels because System Fuels will no longer procure fuel oil for the Utility companies.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits.

Investing Activities

Net cash flow used in investing activities increased $402.7 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to the purchase of the Acadia Power Plant for approximately $300 million in April 2011 and an increase of $119 million in nuclear fuel purchases because of the timing of refueling outages and the purchase of nuclear fuel from System Fuels because the Utility companies will now purchase nuclear fuel as System Fuels procures it, rather than primarily at the time of refueling.  The increase was partially offset by money pool activity.

Decreases in Entergy Louisiana’s receivable from the money pool are a source of cash flow, and Entergy Louisiana’s receivable from the money pool decreased by $49.9 million for the six months ended June 30, 2011 compared to decreasing by $18.7 million for the six months ended June 30, 2010.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ need for external short-term borrowings.

Financing Activities

Entergy Louisiana’s financing activities provided $405.5 million of cash for the six months ended June 30, 2011 compared to using $103.4 million for the six months ended June 30, 2010 primarily due to the following cash flow activity:

·   the issuance of $200 million of 4.8% Series first mortgage bonds in March 2011;

·   money pool activity;

·   borrowings of $100 million on Entergy Louisiana’s credit facility;

·   an increase in borrowings on the nuclear fuel company variable interest entity’s credit facility;

·   the issuance of the $20 million Series F note by the nuclear fuel company variable interest entity in March 2011;

97

Entergy Louisiana, LLC

Management's Financial Discussion and Analysis

·   the retirement of $55 million of 4.67% Series first mortgage bonds in June 2010; and

·   the retirement of the $30 million Series D note by the nuclear fuel company variable interest entity in January 2010.

These increases were offset by the following:

·   a principal payment of $30.3 million in 2011 for the Waterford 3 sale-leaseback obligation compared to a principal payment of $17.3 million in 2010; and

·   $31.2 million in common equity dividends paid in 2011.

Increases in Entergy Louisiana’s payable to the money pool are a source of cash flow, and Entergy Louisiana’s payable to the money pool increased by $111.8 million for the six months ended June 30, 2011.

Capital Structure

Entergy Louisiana’s capitalization is balanced between equity and debt, as shown in the following table.  The increase in the debt to capital for Entergy Louisiana as of June 30, 2011 is primarily due to the issuance of $200 million of 4.8% Series first mortgage bonds in March 2011 and the $100 million borrowing on the credit facility.

	June 30, 2011	December 31, 2010
Debt to capital	49.3%	46.1%
Effect of subtracting cash	0.0%	(1.7)%
Net debt to net capital	49.3%	44.4%

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable, capital lease obligations, and long-term debt, including the currently maturing portion.  Capital consists of debt and member’s equity.  Net capital consists of capital less cash and cash equivalents.  Entergy Louisiana uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy Louisiana’s financial condition.

Uses and Sources of Capital

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources" in the Form 10-K for a discussion of Entergy Louisiana’s uses and sources of capital.  Following are updates to the information provided in the Form 10-K.

Entergy Louisiana’s receivables from or (payables to) the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
($111,848)	$49,887	$34,131	$52,807

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

As discussed in the Form 10-K, Entergy Louisiana has a credit facility in the amount of $200 million scheduled to expire in August 2012.  As of June 30, 2011, $100 million was outstanding on the credit facility.

In March 2011, Entergy Louisiana issued $200 million of 4.80% Series first mortgage bonds due May 2021.  Entergy Louisiana used the proceeds, together with other available funds, to purchase Unit 2 of the Acadia Energy Center, as discussed below.

98

Entergy Louisiana, LLC

Management's Financial Discussion and Analysis

Acadia Unit 2 Purchase Agreement

As discussed more fully in the Form 10-K, in October 2009, Entergy Louisiana announced that it signed an agreement to acquire Unit 2 of the Acadia Energy Center, a 580 MW generating unit located near Eunice, La., from Acadia Power Partners, LLC, an independent power producer.  Entergy Louisiana acquired the plant on April 29, 2011.

Little Gypsy Repowering Project

See the Form 10-K for a discussion of the Little Gypsy repowering project.  As discussed in the Form 10-K, in January 2011 all parties conducted a mediation on the disputed issues, and thereafter, reached agreement on a settlement of all disputed issues, including cost recovery and cost allocation.  The settlement provides for Entergy Louisiana to recover $200 million as of March 31, 2011, and carrying costs on that amount on specified terms thereafter.  The settlement also provides for Entergy Louisiana to recover the approved project costs by securitization.  In April 2011, Entergy Louisiana filed an application with the LPSC to authorize the securitization of the investment recovery costs associated with the project and to issue a financing order by which Entergy Louisiana may accomplish such securitization.  In June 2011 the LPSC issued an order approving the settlement and also issued a financing order for the securitization.  Due to the need for additional public notice to be published in connection with the securitization of the project costs, a filing was made on July 21, 2011, requesting that the LPSC re-approve and re-issue a financing order with respect to the securitization of the investment recovery costs.  Entergy Louisiana anticipates continuing its efforts to complete in the third quarter 2011 the securitization of the investment recovery costs.

Waterford 3 Steam Generator Replacement Project

See the Form 10-K for a discussion of the Waterford 3 Steam Generator Replacement project.  With regard to the delay in the delivery of the steam generators, Entergy Louisiana worked with the manufacturer to fully develop and evaluate repair options, and expects the replacement steam generators to be delivered in time for the Fall 2012 refueling outage.  Extensive inspections of the existing steam generators at Waterford 3 in cooperation with the manufacturer were completed in April 2011.  The review of data obtained during these inspections supports the conclusion that Waterford 3 can operate safely for another full cycle before the replacement of the existing steam generators.  Entergy Louisiana is required to report formally its findings to the NRC through a report made 180 days after plant start up.  At this time, a requirement to perform a mid-cycle outage for further inspections in order to allow the plant to continue operation until its Fall 2012 refueling outage is not anticipated.  Entergy Louisiana currently expects the cost of the project, including carrying costs, to increase to approximately $687 million if the replacement occurs during the Fall 2012 refueling outage.

Entergy Louisiana’s existing formula rate plan provides for rate treatment of the Waterford 3 project costs, including in-service rate recovery without regulatory lag and treatment outside of the formula rate plan earnings sharing formula; however, these provisions contemplated the project being placed in service during the term of the current formula rate plan and will not apply at the time of the expected in-service date in the Fall 2012.  Entergy Louisiana will seek to reestablish comparable rate recovery provisions for the project through renewal or extension of the current formula rate plan provisions or through a base rate filing.

New Nuclear Development

See the Form 10-K for a discussion of the project option being developed by Entergy Gulf States Louisiana and Entergy Louisiana for new nuclear generation at River Bend.  In March 2010, Entergy Gulf States Louisiana and Entergy Louisiana filed with the LPSC seeking approval to continue the development activities.  In April 2011 the procedural schedule was suspended to allow for further settlement discussions among the parties.  Discovery is complete and the parties have filed testimony and pre-hearing briefs.  The testimony and pre-hearing brief of the LPSC staff generally support the request of Entergy Gulf States Louisiana and Entergy Louisiana, although other parties filed briefs, without supporting testimony, in opposition to the request.  An evidentiary hearing has been scheduled for October 3 and 7, 2011.

99

Entergy Louisiana, LLC

Management's Financial Discussion and Analysis

Ninemile Point Unit 6 Self-Build Project

In June 2011, Entergy Louisiana filed with the LPSC an application seeking certification that the public necessity and convenience would be served by Entergy Louisiana’s construction of a combined-cycle gas turbine generating facility (Ninemile 6) at its existing Ninemile Point electric generating station.  Ninemile 6 will be a nominally-sized 550 MW unit that is estimated to cost approximately $721 million to construct, excluding interconnection and transmission upgrades.  Entergy Gulf States Louisiana joined in the application, seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% of the capacity and energy generated by Ninemile 6.  The Ninemile 6 capacity and energy is proposed to be allocated 55% to Entergy Louisiana, 25% to Entergy Gulf States Louisiana, and 20% to Entergy New Orleans.  Entergy New Orleans has filed a request with the City Council to approve its purchase under a life-of-unit power purchase agreement of this capacity and energy.  If the City Council does not approve this power purchase agreement in a timely manner, then an allocation of 65% to Entergy Louisiana and 35% to Entergy Gulf States Louisiana is proposed.  If approvals are obtained from the LPSC and other permitting agencies, Ninemile 6 construction is expected to begin in 2012, and the unit is expected to commence commercial operation by mid-2015.

State and Local Rate Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – State and Local Rate Regulation"in the Form 10-K for a discussion of state and local rate regulation.

In May 2011, Entergy Louisiana made a special formula rate plan rate implementation filing with the LPSC that implements effective with the May 2011 billing cycle a $43.1 million net rate increase to reflect adjustments in accordance with a previous LPSC order relating to the acquisition of Unit 2 of the Acadia Energy Center.  The net rate increase represents the decrease in the additional capacity revenue requirement resulting from the termination of the power purchase agreement with Acadia and the increase in the revenue requirement resulting from the ownership of the Acadia facility.  The filing is currently subject to LPSC review.  The May 2011 rate change contributed approximately $9 million to Entergy Louisiana’s revenues in the second quarter 2011.

In May 2011, Entergy Louisiana made its formula rate plan filing with the LPSC for the 2010 test year.  The filing reflects an 11.07% earned return on common equity, which is just outside of the allowed earnings bandwidth and results in no cost of service rate change under the formula rate plan.  The filing also reflects a very slight ($9 thousand) rate increase for incremental capacity costs.  The filing is currently subject to LPSC review.

Federal Regulation

See "System Agreement" and "Independent Coordinator of Transmission" in the "Rate, Cost-recovery, and Other Regulation" section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for updates to the discussion in the Form 10-K.

Nuclear Matters

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Nuclear Matters" in the Form 10-K for a discussion of nuclear matters.

Environmental Risks

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Environmental Risks" in the Form 10-K for a discussion of environmental risks.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in Entergy Louisiana’s accounting for nuclear decommissioning costs, unbilled revenue, and qualified pension and other postretirement benefits.

100

ENTERGY LOUISIANA, LLC
INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	651,847		$	619,473		$	1,167,281		$	1,230,997
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		143,532			143,426			228,757			302,675
Purchased power		230,546			212,402			430,924			432,475
Nuclear refueling outage expenses		6,706			6,172			14,181			12,270
Other operation and maintenance		106,439			104,706			212,804			206,686
Decommissioning		6,108			5,688			12,109			11,275
Taxes other than income taxes		18,345			15,158			35,084			33,158
Depreciation and amortization		51,777			47,291			101,423			97,518
Other regulatory credits - net		(8,254	)		(5,485	)		(12,210	)		(11,503	)
TOTAL		555,199			529,358			1,023,072			1,084,554
OPERATING INCOME		96,648			90,115			144,209			146,443
OTHER INCOME
Allowance for equity funds used during construction		8,277			6,990			15,651			13,527
Interest and investment income		23,716			18,566			44,126			34,908
Miscellaneous - net		(134	)		(1,250	)		(656	)		(2,072	)
TOTAL		31,859			24,306			59,121			46,363
INTEREST EXPENSE
Interest expense		30,700			30,152			59,335			61,189
Allowance for borrowed funds used during construction		(4,306	)		(4,668	)		(8,403	)		(9,036	)
TOTAL		26,394			25,484			50,932			52,153
INCOME BEFORE INCOME TAXES		102,113			88,937			152,398			140,653
Income taxes		27,010			27,678			36,997			42,562
NET INCOME		75,103			61,259			115,401			98,091
Preferred distribution requirements and other		1,738			1,738			3,475			3,475
EARNINGS APPLICABLE TO
COMMON EQUITY	$	73,365		$	59,521		$	111,926		$	94,616
See Notes to Financial Statements.

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102

ENTERGY LOUISIANA, LLC
STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	115,401		$	98,091
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization		137,175			140,665
Deferred income taxes, investment tax credits, and non-current taxes accrued		92,865			86,180
Changes in working capital:
Receivables		(91,060	)		(56,595	)
Fuel inventory		(27,750	)		-
Accounts payable		27,363			25,101
Prepaid taxes and taxes accrued		(32,083	)		(25,993	)
Interest accrued		3,749			(1,646	)
Deferred fuel costs		(77,308	)		16,177
Other working capital accounts		(27,956	)		(27,190	)
Changes in provisions for estimated losses		(6,315	)		3,120
Changes in other regulatory assets		(18,412	)		(26,468	)
Changes in pension and other postretirement liabilities		(35,923	)		(5,859	)
Other		(8,260	)		477
Net cash flow provided by operating activities		51,486			226,060
INVESTING ACTIVITIES
Construction expenditures		(219,667	)		(213,121	)
Allowance for equity funds used during construction		15,651			13,527
Nuclear fuel purchases		(130,489	)		-
Proceeds from sale of nuclear fuel		11,570			-
Payment for purchase of plant		(299,589	)		-
Changes in other investments - net		-			9,353
Proceeds from nuclear decommissioning trust fund sales		7,785			26,668
Investment in nuclear decommissioning trust funds		(13,224	)		(30,176	)
Change in money pool receivable - net		49,887			18,676
Other		(171	)		(444	)
Net cash flow used in investing activities		(578,247	)		(175,517	)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt		217,047			-
Changes in short-term borrowings - net		141,583			7,990
Retirement of long-term debt		(30,284	)		(102,326	)
Changes in money pool payable - net		111,848			-
Distributions paid:
Common equity		(31,200	)		-
Preferred membership interests		(3,475	)		(3,475	)
Other		-			(5,546	)
Net cash flow provided by (used in) financing activities		405,519			(103,357	)
Net decrease in cash and cash equivalents		(121,242	)		(52,814	)
Cash and cash equivalents at beginning of period		123,254			151,849
Cash and cash equivalents at end of period	$	2,012		$	99,035
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid/(received) during the period for:
Interest - net of amount capitalized	$	53,606		$	60,992
Income taxes	$	(77	)	$	4,527
Noncash investing and financing activities:
Proceeds from long-term debt issued for the purpose
of refunding prior long-term debt	$	-		$	150,000
Long-term debt refunded with proceeds from long-term
debt issued in prior period	$	-		$	(150,000	)
See Notes to Financial Statements.

103

ENTERGY LOUISIANA, LLC
BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	2,012		$	708
Temporary cash investments		-			122,546
Total cash and cash equivalents		2,012			123,254
Accounts receivable:
Customer		153,827			85,799
Allowance for doubtful accounts		(1,878	)		(1,961	)
Associated companies		35,705			81,050
Other		10,327			14,594
Accrued unbilled revenues		94,333			71,659
Total accounts receivable		292,314			251,141
Deferred fuel costs		18,081			-
Accumulated deferred income taxes		-			7,072
Fuel inventory		27,753			3
Materials and supplies - at average cost		139,724			138,047
Deferred nuclear refueling outage costs		36,420			11,364
Prepaid taxes		57,093			25,010
Prepayments and other		18,723			10,719
TOTAL		592,120			566,610
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests		807,424			807,424
Decommissioning trust funds		254,659			240,535
Storm reserve escrow account		201,147			200,972
Non-utility property - at cost (less accumulated depreciation)		851			946
TOTAL		1,264,081			1,249,877
UTILITY PLANT
Electric		7,732,472			7,216,146
Property under capital lease		264,266			264,266
Construction work in progress		560,935			521,172
Nuclear fuel		156,262			134,528
TOTAL UTILITY PLANT		8,713,935			8,136,112
Less - accumulated depreciation and amortization		3,599,637			3,457,190
UTILITY PLANT - NET		5,114,298			4,678,922
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		245,047			235,404
Other regulatory assets		670,296			662,746
Deferred fuel costs		67,998			67,998
Other		32,415			26,866
TOTAL		1,015,756			993,014
TOTAL ASSETS	$	7,986,255		$	7,488,423
See Notes to Financial Statements.

104

ENTERGY LOUISIANA, LLC
BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt	$	24,864		$	35,550
Short-term borrowings		64,649			23,066
Accounts payable:
Associated companies		176,861			148,528
Other		165,080			140,564
Customer deposits		85,989			84,437
Accumulated deferred income taxes		11,117			-
Interest accrued		35,638			31,889
Deferred fuel costs		-			59,227
Pension and other postretirement liabilities		8,767			8,632
Other		22,608			17,514
TOTAL		595,573			549,407
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		1,985,025			1,896,685
Accumulated deferred investment tax credits		74,868			76,453
Other regulatory liabilities		101,542			88,899
Decommissioning		333,285			321,176
Accumulated provisions		217,241			223,556
Pension and other postretirement liabilities		309,802			345,725
Long-term debt		2,071,697			1,771,566
Other		78,524			78,085
TOTAL		5,171,984			4,802,145
Commitments and Contingencies
EQUITY
Preferred membership interests without sinking fund		100,000			100,000
Member's equity		2,142,559			2,061,833
Accumulated other comprehensive loss		(23,861	)		(24,962	)
TOTAL		2,218,698			2,136,871
TOTAL LIABILITIES AND EQUITY	$	7,986,255		$	7,488,423
See Notes to Financial Statements.

105

ENTERGY LOUISIANA, LLC
STATEMENTS OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
			Common Equity
	Preferred Membership Interests		Member's Equity			Accumulated Other Comprehensive Income (Loss)			Total
Balance at December 31, 2009	$	100,000	$	1,837,348		$	(25,539	)	$	1,911,809
Net income		-		98,091			-			98,091
Other comprehensive income:
Pension and other postretirement liabilities (net of tax expense of $754)		-		-			891			891
Total comprehensive income										98,982
Dividends/distributions declared on preferred membership interests		-		(3,475	)		-			(3,475	)
Balance at June 30, 2010	$	100,000	$	1,931,964		$	(24,648	)	$	2,007,316
Balance at December 31, 2010	$	100,000	$	2,061,833		$	(24,962	)	$	2,136,871
Net income		-		115,401			-			115,401
Other comprehensive income:
Pension and other postretirement liabilities (net of tax expense of $731)		-		-			1,101			1,101
Total comprehensive income										116,502
Dividends/distributions declared on common equity		-		(31,200	)		-			(31,200	)
Dividends/distributions declared on preferred membership interests		-		(3,475	)		-			(3,475	)
Balance at June 30, 2011	$	100,000	$	2,142,559		$	(23,861	)	$	2,218,698
See Notes to Financial Statements.

106

ENTERGY LOUISIANA, LLC
SELECTEED OPERATING RESULSTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	199	$	177	$	22			12
Commercial		139		127		12			9
Industrial		218		205		13			6
Governmental		10		10		-			-
Total retail		566		519		47			9
Sales for resale:
Associated companies		37		58		(21	)		(36	)
Non-associated companies		3		1		2			200
Other		46		41		5			12
Total	$	652	$	619	$	33			5
Billed Electric Energy
Sales (GWh):
Residential		2,101		2,022		79			4
Commercial		1,493		1,455		38			3
Industrial		3,784		3,703		81			2
Governmental		115		112		3			3
Total retail		7,493		7,292		201			3
Sales for resale:
Associated companies		631		959		(328	)		(34	)
Non-associated companies		44		8		36			450
Total		8,168		8,259		(91	)		(1	)
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	371	$	392	$	(21	)		(5	)
Commercial		253		259		(6	)		(2	)
Industrial		393		409		(16	)		(4	)
Governmental		20		22		(2	)		(9	)
Total retail		1,037		1,082		(45	)		(4	)
Sales for resale:
Associated companies		69		95		(26	)		(27	)
Non-associated companies		5		3		2			67
Other		56		51		5			10
Total	$	1,167	$	1,231	$	(64	)		(5	)
Billed Electric Energy
Sales (GWh):
Residential		4,352		4,411		(59	)		(1	)
Commercial		2,896		2,839		57			2
Industrial		7,415		6,927		488			7
Governmental		234		240		(6	)		(3	)
Total retail		14,897		14,417		480			3
Sales for resale:
Associated companies		1,103		1,193		(90	)		(8	)
Non-associated companies		83		59		24			41
Total		16,083		15,669		414			3

107

ENTERGY MISSISSIPPI, INC.

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Second Quarter 2011 Compared to Second Quarter 2010

Net income decreased $10.4 million primarily due to lower net revenue, higher other operation and maintenance expenses, and a higher effective income tax rate.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income decreased $4.3 million primarily due to higher other operation and maintenance expenses and a higher effective income tax rate, partially offset by higher net revenue.

Net Revenue

Second Quarter 2011 Compared to Second Quarter 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits).  Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$154.0
Retail electric price	(7.0)
Other	(0.8)
2011 net revenue	$146.2

The retail electric price variance is primarily due to the elimination of the summer/winter residential rate differential effective September 2010.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.  Following is an analysis of the change in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$266.5
Volume/weather	3.6
Other	1.5
2011 net revenue	$271.6

108

Entergy Mississippi, Inc.

Management's Financial Discussion and Analysis

The volume/weather variance is primarily due to increased electricity usage in the commercial sector due to an increase in customers and in the industrial sector primarily in the primary metals industry.  The increase was partially offset by the effect of milder weather on the residential sector compared to the same period in 2010.

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues increased primarily due to an increase of $50.2 million in fuel cost recovery revenues due to higher fuel rates, partially offset by a decrease of $15.8 million in power management rider revenue.

Fuel and purchased power expenses increased primarily due to an increase in deferred fuel expense as a result of higher fuel revenues, as discussed above, partially offset by a decrease in the average market prices of natural gas and purchased power.

Other Income Statement Variances

Second Quarter 2011 Compared to Second Quarter 2010

Other operation and maintenance expenses increased primarily due to an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Other operation and maintenance expenses increased primarily due to an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment.

Income Taxes

The effective income tax rate was 36.3% for the second quarter 2011 and 35.8% for the six months ended June 30, 2011.  The difference in the effective income tax rate for second quarter 2011 versus the federal statutory rate of 35% is primarily due to state income taxes, book and tax differences related to utility plant items, and the provision for uncertain tax positions, partially offset by book and tax differences related to the allowance for equity funds used during construction.

The effective income tax rate was 33.0% for the second quarter 2010 and 31.9% for the six months ended June 30, 2010.  The difference in the effective income tax rate for the second quarter of 2010 versus the federal statutory rate of 35% was primarily due to state income taxes, book and tax differences related to the allowance for equity funds used during construction, book and tax differences related to utility plant items, and the amortization of investment tax credits, offset by an adjustment to the provision for uncertain tax positions.  The difference in the effective income tax rate for the six months ended June 30, 2010 versus the federal statutory rate of 35% was primarily due to book and tax differences related to the allowance for equity funds used during construction, state income taxes, the amortization of investment tax credits, and book and tax differences related to utility plant items, partially offset by an adjustment to the provision for uncertain tax positions.

109

Entergy Mississippi, Inc.

Management's Financial Discussion and Analysis

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$1,216	$91,451
Cash flow provided by (used in):
	Operating activities	(2,462)	4,482
	Investing activities	(76,670)	(70,940)
	Financing activities	78,487	(23,775)
Net decrease in cash and cash equivalents		(645)	(90,233)
Cash and cash equivalents at end of period		$571	$1,218

Operating Activities

Entergy Mississippi’s operating activities used $2.5 million of cash for the six months ended June 30, 2011 compared to providing $4.5 million of cash for the six months ended June 30, 2010 primarily due to the purchase of $42.6 million of fuel oil from System Fuels because System Fuels will no longer procure fuel oil for the Utility companies and an increase of $13.7 million in pension contributions, partially offset by increased recovery of deferred fuel costs.  See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates” in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits.

Investing Activities

Cash flow used in investing activities increased $5.7 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to money pool activity, an increase in transmission construction expenditures resulting from an increase in reliability work in 2011, and the repayment by Entergy New Orleans in 2010 of a $7.6 million note issued in resolution of its bankruptcy proceedings.  The increase was substantially offset by a decrease in construction expenditures resulting from a $49 million payment in 2010 to a System Energy subsidiary for costs associated with the development of new nuclear generation at Grand Gulf and the repayment by System Fuels of Entergy Mississippi’s $5.5 million investment in System Fuels.

Decreases in Entergy Mississippi’s receivable from the money pool are a source of cash flow, and Entergy Mississippi’s receivable from the money pool decreased $31.4 million for the six months ended June 30, 2010.  Entergy Mississippi did not have a receivable from the money pool for the six months ended June 30, 2011.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ need for external short-term borrowings.

Financing Activities

Entergy Mississippi’s financing activities provided $78.5 million in cash flow for the six months ended June 30, 2011 compared to using $23.8 million in cash flow for the six months ended June 30, 2010 primarily due to:

·   the issuance of $275 million of first mortgage bonds in 2011 compared to the issuance of $80 million of first mortgage bonds in 2010; and

·   a decrease of $16.9 million in common equity distributions; partially offset by:

110

Entergy Mississippi, Inc.

Management's Financial Discussion and Analysis

·   the redemption of $180 million of first mortgage bonds in 2011 compared to the redemption of $100 million of first mortgage bonds in 2010; and

·   money pool activity.

Decreases in Entergy Mississippi’s payable to the money pool are a use of cash flow, and Entergy Mississippi’s payable to the money pool decreased by $5.8 million for the six months ended June 30, 2011 compared to increasing by $20.6 million for the six months ended June 30, 2010.

Capital Structure

Entergy Mississippi’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30, 2011	December 31, 2010
Debt to capital	53.3%	51.8%
Effect of subtracting cash	0.0%	0.0%
Net debt to net capital	53.3%	51.8%

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable, capital lease obligations, and long-term debt, including the currently maturing portion.  Capital consists of debt, preferred stock without sinking fund, and common equity.  Net capital consists of capital less cash and cash equivalents.  Entergy Mississippi uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy Mississippi’s financial condition.

Uses and Sources of Capital

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources"in the Form 10-K for a discussion of Entergy Mississippi’s uses and sources of capital.  Following are additional updates to the information provided in the Form 10-K.

Entergy Mississippi’s receivables from or (payables to) the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
($27,494)	($33,255)	($20,591)	$31,435

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

In May 2011, Entergy Mississippi renewed its three separate credit facilities through May 2012 in the aggregate amount of $70 million.  No borrowings were outstanding under the credit facilities as of June 30, 2011.

In May 2011, Entergy Mississippi issued $125 million of 3.25% Series first mortgage bonds due June 2016.  Entergy Mississippi used a portion of the proceeds to pay prior to maturity its $100 million 5.92% Series first mortgage bonds due February 2016.

In April 2011, Entergy Mississippi issued $150 million of 6.0% Series first mortgage bonds due May 2051. Entergy Mississippi used a portion of the proceeds to pay at maturity its $80 million 4.65% Series first mortgage bonds due May 2011.

111

Entergy Mississippi, Inc.

Management's Financial Discussion and Analysis

Hinds Energy Facility Purchase Agreement

In April 2011, Entergy Mississippi announced that it has signed an asset purchase agreement to acquire the Hinds Energy Facility, a 450 MW natural gas-fired combined-cycle turbine plant located in Jackson, Mississippi, from a subsidiary of KGen Power Corporation.  The purchase price is expected to be approximately $206 million.  Entergy Mississippi also expects to invest in various plant upgrades at the facility after closing and expects the total cost of the acquisition to be approximately $246 million.  A transmission study estimates that the acquisition could require investment for supplemental upgrades in the Entergy transmission system, but there are still uncertainties associated with the results of this study that must be resolved.  The purchase is contingent upon, among other things, obtaining necessary approvals, including full cost recovery, from various federal and state regulatory and permitting agencies.  These include regulatory approvals from the MPSC and FERC, as well as clearance under the Hart-Scott-Rodino anti-trust law.  Closing is expected to occur in mid-2012.  In July 2011, Entergy Mississippi filed with the MPSC requesting approval of the acquisition and full cost recovery.

State and Local Rate Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - State and Local Rate Regulation" in the Form 10-K for a discussion of the formula rate plan and fuel and purchased power cost recovery. Following is an update to that discussion.

Formula Rate Plan

In March 2011, Entergy Mississippi submitted its formula rate plan 2010 test year filing.  The filing shows an earned return on common equity of 10.65% for the test year, which is within the earnings bandwidth and results in no change in rates. The filing is currently subject to MPSC review.

Federal Regulation

See "System Agreement" and "Independent Coordinator of Transmission" in the "Rate, Cost-recovery, and Other Regulation" section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for updates to the discussion in the Form 10-K.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in Entergy Mississippi’s accounting for unbilled revenue and qualified pension and other postretirement benefits.

112

ENTERGY MISSISSIPPI, INC.
INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	302,263		$	308,492		$	591,175		$	552,050
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		50,564			75,236			131,870			83,289
Purchased power		100,370			83,758			175,504			184,094
Other operation and maintenance		55,339			51,379			103,346			98,780
Taxes other than income taxes		17,391			16,561			34,562			32,609
Depreciation and amortization		23,167			22,275			46,154			44,380
Other regulatory charges (credits) - net		5,083			(4,521	)		12,175			18,173
TOTAL		251,914			244,688			503,611			461,325
OPERATING INCOME		50,349			63,804			87,564			90,725
OTHER INCOME
Allowance for equity funds used during construction		2,225			1,708			4,319			3,099
Interest and investment income		16			133			67			321
Miscellaneous - net		(1,283	)		25			(1,837	)		55
TOTAL		958			1,866			2,549			3,475
INTEREST EXPENSE
Interest expense		15,046			15,493			28,449			29,143
Allowance for borrowed funds used during construction		(1,237	)		(953	)		(2,402	)		(1,729	)
TOTAL		13,809			14,540			26,047			27,414
INCOME BEFORE INCOME TAXES		37,498			51,130			64,066			66,786
Income taxes		13,626			16,861			22,924			21,324
NET INCOME		23,872			34,269			41,142			45,462
Preferred dividend requirements and other		707			707			1,414			1,414
EARNINGS APPLICABLE TO
COMMON STOCK	$	23,165		$	33,562		$	39,728		$	44,048
See Notes to Financial Statements.

113

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114

ENTERGY MISSISSIPPI, INC.
STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	41,142		$	45,462
Adjustments to reconcile net income to net cash flow provided by (used in) operating activities:
Depreciation and amortization		46,154			44,380
Deferred income taxes, investment tax credits, and non-current taxes accrued		26,630			(14,794	)
Changes in working capital:
Receivables		(12,059	)		(33,931	)
Fuel inventory		(48,329	)		(1,512	)
Accounts payable		23,229			10,020
Taxes accrued		(24,760	)		15,305
Interest accrued		258			904
Deferred fuel costs		(22,371	)		(83,156	)
Other working capital accounts		(4,103	)		35,061
Changes in provision for estimated losses		(181	)		(2,870	)
Changes in other regulatory assets		(2,225	)		(14,171	)
Changes in pension and other postretirement liabilities		(21,690	)		(7,070	)
Other		(4,157	)		10,854
Net cash flow provided by (used in) operating activities		(2,462	)		4,482
INVESTING ACTIVITIES
Construction expenditures		(86,497	)		(117,021	)
Allowance for equity funds used during construction		4,319			3,099
Proceeds from sale of assets		-			3,951
Change in money pool receivable - net		-			31,435
Changes in other investments - net		-			7,610
Investments in affiliates		5,527			-
Other		(19	)		(14	)
Net cash flow used in investing activities		(76,670	)		(70,940	)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt		268,962			77,248
Retirement of long-term debt		(180,000	)		(100,000	)
Change in money pool payable - net		(5,761	)		20,591
Dividends paid:
Common stock		(3,300	)		(20,200	)
Preferred stock		(1,414	)		(1,414	)
Net cash flow provided by (used in) financing activities		78,487			(23,775	)
Net decrease in cash and cash equivalents		(645	)		(90,233	)
Cash and cash equivalents at beginning of period		1,216			91,451
Cash and cash equivalents at end of period	$	571		$	1,218
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	26,874		$	26,957
Income taxes	$	-		$	1,500
See Notes to Financial Statements.

115

ENTERGY MISSISSIPPI, INC.
BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	562		$	1,207
Temporary cash investments		9			9
Total cash and cash equivalents		571			1,216
Accounts receivable:
Customer		66,147			58,204
Allowance for doubtful accounts		(828	)		(985	)
Associated companies		39,413			41,803
Other		7,534			7,500
Accrued unbilled revenues		48,029			41,714
Total accounts receivable		160,295			148,236
Deferred fuel costs		25,528			3,157
Accumulated deferred income taxes		14,509			19,308
Fuel inventory - at average cost		55,207			6,878
Materials and supplies - at average cost		33,946			34,499
Prepayments and other		8,134			4,902
TOTAL		298,190			218,196
OTHER PROPERTY AND INVESTMENTS
Non-utility property - at cost (less accumulated depreciation)		4,739			4,753
Storm reserve escrow account		31,880			31,862
TOTAL		36,619			36,615
UTILITY PLANT
Electric		3,261,985			3,174,148
Property under capital lease		11,960			13,197
Construction work in progress		131,465			147,169
TOTAL UTILITY PLANT		3,405,410			3,334,514
Less - accumulated depreciation and amortization		1,201,334			1,166,463
UTILITY PLANT - NET		2,204,076			2,168,051
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		64,374			63,533
Other regulatory assets		254,750			253,231
Other		23,253			22,009
TOTAL		342,377			338,773
TOTAL ASSETS	$	2,881,262		$	2,761,635
See Notes to Financial Statements.

116

ENTERGY MISSISSIPPI, INC.
BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt	$	-		$	80,000
Accounts payable:
Associated companies		75,687			75,128
Other		66,689			53,417
Customer deposits		67,031			65,873
Taxes accrued		2,979			27,739
Interest accrued		21,352			21,094
System agreement cost equalization		34,269			36,650
Other		9,694			9,895
TOTAL		277,701			369,796
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		704,236			680,467
Accumulated deferred investment tax credits		6,063			6,541
Obligations under capital lease		9,355			10,747
Other regulatory liabilities		-			262
Asset retirement cost liabilities		5,534			5,375
Accumulated provisions		39,285			39,466
Pension and other postretirement liabilities		83,222			104,912
Long-term debt		920,409			745,378
Other		22,424			22,086
TOTAL		1,790,528			1,615,234
Commitments and Contingencies
Preferred stock without sinking fund		50,381			50,381
COMMON EQUITY
Common stock, no par value, authorized 12,000,000
shares; issued and outstanding 8,666,357 shares in 2011 and 2010		199,326			199,326
Capital stock expense and other		(690	)		(690	)
Retained earnings		564,016			527,588
TOTAL		762,652			726,224
TOTAL LIABILITIES AND EQUITY	$	2,881,262		$	2,761,635
See Notes to Financial Statements.

117

ENTERGY MISSISSIPPI, INC.
STATEMENTS OF CHANGES IN COMMON EQUITY
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
	Common Equity
	Common Stock		Capital Stock Expense and Other			Retained Earnings			Total
Balance at December 31, 2009	$	199,326	$	(690	)	$	490,129		$	688,765
Net income		-		-			45,462			45,462
Common stock dividends		-		-			(20,200	)		(20,200	)
Preferred stock dividends		-		-			(1,414	)		(1,414	)
Balance at June 30, 2010	$	199,326	$	(690	)	$	513,977		$	712,613
Balance at December 31, 2010	$	199,326	$	(690	)	$	527,588		$	726,224
Net income		-		-			41,142			41,142
Common stock dividends		-		-			(3,300	)		(3,300	)
Preferred stock dividends		-		-			(1,414	)		(1,414	)
Balance at June 30, 2011	$	199,326	$	(690	)	$	564,016		$	762,652
See Notes to Financial Statements.

118

ENTERGY MISSISSIPPI, INC.
SELECTED OPERATING RESULTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	110	$	110	$	-			-
Commercial		99		97		2			2
Industrial		38		37		1			3
Governmental		9		9		-			-
Total retail		256		253		3			1
Sales for resale
Associated companies		12		12		-			-
Non-associated companies		8		10		(2	)		(20	)
Other		26		33		(7	)		(21	)
Total	$	302	$	308	$	( 6	)		(2	)
Billed Electric Energy
Sales (GWh):
Residential		1,253		1,235		18			1
Commercial		1,188		1,173		15			1
Industrial		565		566		(1	)		-
Governmental		101		99		2			2
Total retail		3,107		3,073		34			1
Sales for resale
Associated companies		35		87		(52	)		(60	)
Non-associated companies		100		107		(7	)		(7	)
Total		3,242		3,267		(25	)		(1	)
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	235	$	216	$	19			9
Commercial		194		181		13			7
Industrial		74		66		8			12
Governmental		18		18		-			-
Total retail		521		481		40			8
Sales for resale
Associated companies		28		20		8			40
Non-associated companies		13		18		(5	)		(28	)
Other		29		33		(4	)		(12	)
Total	$	591	$	552	$	39			7
Billed Electric Energy
Sales (GWh):
Residential		2,695		2,780		(85	)		(3	)
Commercial		2,312		2,269		43			2
Industrial		1,104		1,068		36			3
Governmental		196		196		-			-
Total retail		6,307		6,313		(6	)		-
Sales for resale
Associated companies		205		154		51			33
Non-associated companies		152		182		(30	)		(16	)
Total		6,664		6,649		15			-

119

ENTERGY NEW ORLEANS, INC.

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Second Quarter 2011 Compared to Second Quarter 2010

Net income increased $2.7 million primarily due to lower other operation and maintenance expenses, offset by lower net revenue and a higher effective income tax rate.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income remained relatively unchanged, increasing $0.1 million, primarily due to lower other operation and maintenance expenses and lower interest expense, substantially offset by lower net revenue and a higher effective income tax rate.

Net Revenue

Second Quarter 2011 Compared to Second Quarter 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.  Following is an analysis of the changes in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$65.9
Retail electric price	(4.2)
Volume/weather	3.0
Other	(1.0)
2011 net revenue	$63.7

The retail electric price variance is primarily due to a formula rate plan decrease effective October 2010.  See Note 2 to the financial statements in the Form 10-K for a discussion of the formula rate plan filing.

The volume/weather variance is primarily due to the effect of more favorable weather on residential and commercial sales compared to last year.

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues increased primarily due to an increase of $18.7 million in gross wholesale revenue due to increased sales to affiliated customers and more favorable volume/weather, as discussed above, partially offset by a formula rate plan decrease effective October 2010, as discussed above, and a decrease of $4.2 million in electric fuel cost recovery revenues due to lower fuel rates.

Fuel and purchased power expenses increased primarily due to an increase in demand for gas-fired generation offset by a decrease in the market price of purchased power.

120

Entergy New Orleans, Inc.

Management's Financial Discussion and Analysis

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.  Following is an analysis of the changes in net revenue comparing the six months ended June 30, 2011 to the six months ended June 30, 2010.

	Amount
	(In Millions)
2010 net revenue	$136.3
Retail electric price	(8.2)
Net gas revenue	(5.2)
Volume/weather	4.2
Other	0.6
2011 net revenue	$127.7

The retail electric price variance is primarily due to a formula rate plan decrease effective October 2010.  See Note 2 to the financial statements in the Form 10-K for a discussion of the formula rate plan filing.

The net gas revenue variance is primarily due to milder weather compared to last year.

The volume/weather variance is primarily due to an increase in electricity usage as a result of an increase in customers in the residential and commercial sectors, partially offset by the effect of less favorable weather on residential sales.  Billed electricity usage increased 64 GWh compared to last year, an increase of 3%, and total reported customers increased 3.7% compared to last year.

Gross operating revenues

Gross operating revenues decreased primarily due to:

·   a decrease of $13.8 million in gross gas revenues primarily due to lower fuel cost recovery revenues as a  result of  lower fuel rates and the effect of milder weather;

·   a formula rate plan decrease effective October 2010, as discussed above; and

·   a decrease of $7.0 million in electric fuel cost recovery revenues due to lower fuel rates.

The decrease was partially offset by an increase of $16.1 million in gross wholesale revenue due to increased sales to affiliated customers and more favorable volume/weather, as discussed above.

Other Income Statement Variances

Second Quarter 2011 Compared to Second Quarter 2010

Other operation and maintenance expenses decreased primarily due to a decrease of $8.8 million in fossil expenses due to higher plant outage costs in 2010 due to a greater scope of work at the Michoud plant.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Other operation and maintenance expenses decreased primarily due to a decrease of $11.1 million in fossil expenses due to higher plant outage costs in 2010 due to a greater scope of work at the Michoud plant.

Interest expense decreased primarily due to the repayment in May 2010 of the notes payable issued to affiliates as part of Entergy New Orleans’ plan of reorganization and the repayment, at maturity, of $30 million of 4.98% Series first mortgage bonds in July 2010.

121

Entergy New Orleans, Inc.

Management's Financial Discussion and Analysis

Income Taxes

The effective income tax rate was 36.0% for the second quarter 2011 and 36.4% for the six months ended June 30, 2011.  The differences in the effective income tax rates for the second quarter 2011 and the six months ended June 30, 2011 versus the federal statutory rate of 35% are primarily due to state income taxes and book and tax differences related to utility plant items, partially offset by flow-through tax accounting.

The effective income tax rate was 16.5% for the second quarter 2010 and 29.8% for the six months ended June 30, 2010.  The differences in the effective income tax rates for the second quarter 2010 and the six months ended June 30, 2010 versus the federal statutory rate of 35% were primarily due to flow-through book and tax timing differences, partially offset by certain book and tax differences related to utility plant items and state income taxes.

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$54,986	$191,191
Cash flow provided by (used in):
	Operating activities	19,098	49,828
	Investing activities	(44,172)	(10,226)
	Financing activities	(13,671)	(90,398)
Net decrease in cash and cash equivalents		(38,745)	(50,796)
Cash and cash equivalents at end of period		$16,241	$140,395

Operating Activities

Cash flow provided by operating activities decreased $30.7 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to the receipt of $19.2 million of Community Development Block Grant funds in 2010 related to Hurricane Katrina costs and an increase of $6.2 million in pension contributions.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits.

Investing Activities

Net cash flow used in investing activities increased $33.9 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to money pool activity and a withdrawal in 2010 from the storm escrow account related to Hurricane Gustav costs.  The increase was partially offset by a decrease in construction expenditures due to decreased spending on the gas system rebuild project and System Fuels repayment of Entergy New Orleans’s $3.3 million investment in System Fuels.

Increases in Entergy New Orleans’s receivable from the money pool are a use of cash flow, and Entergy New Orleans’s receivable from the money pool increased by $16.2 million for the six months ended June 30, 2011 compared to decreasing by $18.1 million for the six months ended June 30, 2010.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ need for external short-term borrowings.

122

Entergy New Orleans, Inc.

Management's Financial Discussion and Analysis

Financing Activities

Net cash flow used in financing activities decreased $76.7 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to the repayment in 2010 of $74.3 million of affiliate notes payable that were issued to affiliates as part of Entergy New Orleans’s plan of reorganization.

Capital Structure

Entergy New Orleans’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30,  2011	December 31, 2010
Debt to capital	43.6%	44.2%
Effect of subtracting cash	(2.5)%	(9.5)%
Net debt to net capital	41.1%	34.7%

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable and long-term debt, including the currently maturing portion.  Capital consists of debt, preferred stock without sinking fund, and shareholders’ equity.  Net capital consists of capital less cash and cash equivalents.  Entergy New Orleans uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy New Orleans’s financial condition.

Uses and Sources of Capital

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources"in the Form 10-K for a discussion of Entergy New Orleans’s uses and sources of capital.  Following are updates to the information provided in the Form 10-K.

Entergy New Orleans’s receivables from the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
$38,048	$21,820	$48,078	$66,149

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

Entergy Louisiana’s Ninemile Point Unit 6 Self-Build Project

In June 2011, Entergy Louisiana filed with the LPSC an application seeking certification that the public necessity and convenience would be served by Entergy Louisiana’s construction of a combined-cycle gas turbine generating facility (Ninemile 6) at its existing Ninemile Point electric generating station.  Ninemile 6 will be a nominally-sized 550 MW unit that is estimated to cost approximately $721 million to construct, excluding interconnection and transmission upgrades.  Entergy Gulf States Louisiana joined in the application, seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% of the capacity and energy generated by Ninemile 6.  The Ninemile 6 capacity and energy is proposed to be allocated 55% to Entergy Louisiana, 25% to Entergy Gulf States Louisiana, and 20% to Entergy New Orleans.  Entergy New Orleans has filed a request with the City Council to approve its purchase under a life-of-unit power purchase agreement of this capacity and energy.  If the City Council does not approve this power purchase agreement in a timely manner, then an allocation of 65% to Entergy Louisiana and 35% to Entergy Gulf States Louisiana is proposed.  If approvals are obtained from the LPSC and other permitting agencies, Ninemile 6 construction is expected to begin in 2012, and the unit is expected to commence commercial operation by mid-2015.

123

Entergy New Orleans, Inc.

Management's Financial Discussion and Analysis

State and Local Rate Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Rate, Cost-recovery, and Other Regulation - State and Local Rate Regulation and Fuel-Cost Recovery"in the Form 10-K for a discussion of state and local rate regulation.  Following is an update to the discussion in the Form 10-K.

In May 2011, Entergy New Orleans filed its electric and gas formula rate plan evaluation reports for the 2010 test year.  The filings request a $6.5 million electric base revenue decrease and a $1.1 million gas base revenue decrease.  As part of the filing, Entergy New Orleans is also requesting to increase annual funding for its storm reserve by approximately $3.7 million.  The new rates would be effective, if approved, with the first billing cycle in October 2011.  The City Council’s and its Advisors’ review of these filings is pending.

Federal Regulation

See "System Agreement" and "Independent Coordinator of Transmission" in the "Rate, Cost-recovery, and Other Regulation" section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for updates to the discussion in the Form 10-K.

Environmental Risks

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Environmental Risks" in the Form 10-K for a discussion of environmental risks.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in Entergy New Orleans’s accounting for unbilled revenue and qualified pension and other postretirement benefits.

124

ENTERGY NEW ORLEANS, INC.
INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	132,521		$	119,666		$	248,511		$	244,632
Natural gas		17,977			18,915			60,243			74,048
TOTAL		150,498			138,581			308,754			318,680
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		34,832			11,867			80,685			71,958
Purchased power		51,475			60,229			99,381			109,138
Other operation and maintenance		28,960			37,053			56,106			65,181
Taxes other than income taxes		10,131			10,125			21,152			22,071
Depreciation and amortization		8,906			8,816			17,898			17,525
Other regulatory charges - net		478			568			957			1,332
TOTAL		134,782			128,658			276,179			287,205
OPERATING INCOME		15,716			9,923			32,575			31,475
OTHER INCOME
Allowance for equity funds used during construction		116			192			222			361
Interest and investment income		9			162			63			296
Miscellaneous - net		(293	)		(287	)		(529	)		(471	)
TOTAL		(168	)		67			(244	)		186
INTEREST EXPENSE
Interest expense		2,764			3,536			5,553			7,593
Allowance for borrowed funds used during construction		(52	)		(92	)		(100	)		(174	)
TOTAL		2,712			3,444			5,453			7,419
INCOME BEFORE INCOME TAXES		12,836			6,546			26,878			24,242
Income taxes		4,626			1,079			9,785			7,214
NET INCOME		8,210			5,467			17,093			17,028
Preferred dividend requirements and other		241			241			482			482
EARNINGS APPLICABLE TO
COMMON STOCK	$	7,969		$	5,226		$	16,611		$	16,546
See Notes to Financial Statements.

125

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126

ENTERGY NEW ORLEANS, INC.
STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	17,093		$	17,028
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization		17,898			17,525
Deferred income taxes, investment tax credits, and non-current taxes accrued		(13,330	)		29,868
Changes in working capital:
Receivables		(2,865	)		4,508
Fuel inventory		(4,836	)		(919	)
Accounts payable		(9,271	)		1,960
Prepaid taxes and taxes accrued		20,023			(24,619	)
Interest accrued		(357	)		(672	)
Deferred fuel costs		(6,532	)		(4,910	)
Other working capital accounts		2,287			(13,168	)
Changes in provisions for estimated losses		3,280			(7,875	)
Changes in other regulatory assets		4,920			7,627
Changes in pension and other postretirement liabilities		(8,770	)		(3,823	)
Other		(442	)		27,298
Net cash flow provided by operating activities		19,098			49,828
INVESTING ACTIVITIES
Construction expenditures		(28,400	)		(35,568	)
Allowance for equity funds used during construction		222			361
Change in money pool receivable - net		(16,228	)		18,071
Investment in affiliates		3,256			-
Changes in other investments - net		(3,022	)		6,910
Net cash flow used in investing activities		(44,172	)		(10,226	)
FINANCING ACTIVITIES
Retirement of long-term debt		-			(74,993	)
Dividends paid:
Common stock		(12,600	)		(14,900	)
Preferred stock		(482	)		(482	)
Other		(589	)		(23	)
Net cash flow used in financing activities		(13,671	)		(90,398	)
Net decrease in cash and cash equivalents		(38,745	)		(50,796	)
Cash and cash equivalents at beginning of period		54,986			191,191
Cash and cash equivalents at end of period	$	16,241		$	140,395
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	5,427		$	7,936
See Notes to Financial Statements.

127

ENTERGY NEW ORLEANS, INC.
BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents
Cash	$	714		$	1,386
Temporary cash investments		15,527			53,600
Total cash and cash equivalents		16,241			54,986
Accounts receivable:
Customer		37,659			38,160
Allowance for doubtful accounts		(628	)		(734	)
Associated companies		61,268			44,842
Other		4,835			1,824
Accrued unbilled revenues		19,151			19,100
Total accounts receivable		122,285			103,192
Accumulated deferred income taxes		15,489			15,092
Fuel inventory - at average cost		7,482			2,646
Materials and supplies - at average cost		9,667			9,896
Prepayments and other		9,752			5,375
TOTAL		180,916			191,187
OTHER PROPERTY AND INVESTMENTS
Non-utility property at cost (less accumulated depreciation)		1,016			1,016
Storm reserve escrow account		8,975			5,953
TOTAL		9,991			6,969
UTILITY PLANT
Electric		811,824			822,003
Natural gas		208,902			206,148
Construction work in progress		8,649			11,669
TOTAL UTILITY PLANT		1,029,375			1,039,820
Less - accumulated depreciation and amortization		517,410			531,871
UTILITY PLANT - NET		511,965			507,949
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Deferred fuel costs		4,080			4,080
Other regulatory assets		130,035			135,282
Other		5,974			8,081
TOTAL		140,089			147,443
TOTAL ASSETS	$	842,961		$	853,548
See Notes to Financial Statements.

128

ENTERGY NEW ORLEANS, INC.
BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011		2010
	(In Thousands)
CURRENT LIABILITIES
Accounts payable:
Associated companies	$	22,780	$	25,140
Other		23,326		30,093
Customer deposits		21,524		21,206
Taxes accrued		20,023		-
Interest accrued		2,471		2,828
Deferred fuel costs		395		6,927
System agreement cost equalization		21,779		15,510
Other		2,503		2,655
TOTAL CURRENT LIABILITIES		114,801		104,359
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		165,868		180,290
Accumulated deferred investment tax credits		1,687		1,835
Regulatory liability for income taxes - net		42,250		40,142
Asset retirement cost liabilities		3,513		3,396
Accumulated provisions		14,486		11,206
Pension and other postretirement liabilities		40,045		48,815
Long-term debt		166,714		167,215
Gas system rebuild insurance proceeds		68,380		75,700
Other		9,800		9,184
TOTAL NON-CURRENT LIABILITIES		512,743		537,783
Commitments and Contingencies
Preferred stock without sinking fund		19,780		19,780
COMMON EQUITY
Common stock, $4 par value, authorized 10,000,000
shares; issued and outstanding 8,435,900 shares in 2011
and 2010		33,744		33,744
Paid-in capital		36,294		36,294
Retained earnings		125,599		121,588
TOTAL		195,637		191,626
TOTAL LIABILITIES AND EQUITY	$	842,961	$	853,548
See Notes to Financial Statements.

129

ENTERGY NEW ORLEANS, INC.
STATEMENTS OF CHANGES IN COMMON EQUITY
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
	Common Equity
	Common Stock		Paid-in Capital		Retained Earnings			Total
Balance at December 31, 2009	$	33,744	$	36,294	$	138,548		$	208,586
Net income		-		-		17,028			17,028
Common stock dividends		-		-		(14,900	)		(14,900	)
Preferred stock dividends		-		-		(482	)		(482	)
Balance at June 30, 2010	$	33,744	$	36,294	$	140,194		$	210,232
Balance at December 31, 2010	$	33,744	$	36,294	$	121,588		$	191,626
Net income		-		-		17,093			17,093
Common stock dividends		-		-		(12,600	)		(12,600	)
Preferred stock dividends		-		-		(482	)		(482	)
Balance at June 30, 2011	$	33,744	$	36,294	$	125,599		$	195,637
See Notes to Financial Statements.

130

ENTERGY NEW ORLEANS, INC.
SELECTED OPERATING RESULTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	41	$	41	$	-			-
Commercial		39		41		(2	)		(5	)
Industrial		8		9		(1	)		(11	)
Governmental		15		17		(2	)		(12	)
Total retail		103		108		(5	)		(5	)
Sales for resale:
Associated companies		21		2		19			950
Other		9		10		(1	)		(10	)
Total	$	133	$	120	$	13			11
Billed Electric Energy
Sales (GWh):
Residential		424		379		45			12
Commercial		480		458		22			5
Industrial		129		134		(5	)		(4	)
Governmental		196		191		5			3
Total retail		1,229		1,162		67			6
Sales for resale:
Associated companies		281		24		257			1,071
Non-associated companies		5		1		4			400
Total		1,515		1,187		328			28
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	82	$	87	$	(5	)		(6	)
Commercial		74		78		(4	)		(5	)
Industrial		15		16		(1	)		(6	)
Governmental		29		32		(3	)		(9	)
Total retail		200		213		(13	)		(6	)
Sales for resale:
Associated companies		39		22		17			77
Other		10		10		-			-
Total	$	249	$	245	$	4			2
Billed Electric Energy
Sales (GWh):
Residential		891		865		26			3
Commercial		919		886		33			4
Industrial		241		241		-			-
Governmental		379		374		5			1
Total retail		2,430		2,366		64			3
Sales for resale:
Associated companies		598		304		294			97
Non-associated companies		11		9		2			22
Total		3,039		2,679		360			13

131

ENTERGY TEXAS, INC. AND SUBSIDIARIES

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Second Quarter 2011 Compared to Second Quarter 2010

Net income remained relatively flat, increasing $0.8 million, primarily due to higher net revenue and lower other operation and maintenance expenses, partially offset by lower other income.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income increased $4.1 million primarily due to higher net revenue and lower interest expense, partially offset by lower other income.

Net Revenue

Second Quarter 2011 Compared to Second Quarter 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.  Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$139.7
Retail electric price	11.1
Volume/weather	6.1
Net wholesale revenue	(7.5)
Purchased power capacity	(7.4)
Other	0.1
2011 net revenue	$142.1

The retail electric price variance is primarily due to rate actions, including an annual base rate increase of $59 million beginning August 2010, with an additional increase of $9 million beginning May 2011, as a result of the settlement of the December 2009 rate case.  See Note 2 to the financial statements in the Form 10-K for further discussion of the rate case settlement.

The volume/weather variance is primarily due to the effect of more favorable weather on residential and commercial sales compared to the same period in the prior year.

The net wholesale revenue variance is primarily due to higher revenue in 2010 as a result of sales to Entergy Gulf States Louisiana.

The purchased power capacity variance is primarily due to price increases for ongoing purchased power capacity and additional capacity purchases.

132

Entergy Texas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Gross operating revenues and fuel and purchased power expenses

Gross operating revenues decreased primarily due to:

·   a decrease of $58.1 million in gross wholesale revenues due to a decrease in sales to affiliated customers; and

·   a decrease of $47.8 million in fuel cost recovery revenues due to lower fuel rates and the interim fuel refund of $15 million in the second quarter 2011.  The interim fuel refund and the PUCT approval is discussed in Note 2 to the financial statements in the Form 10-K.

The decrease was partially offset by:

·   an increase of $63 million in rider revenues due to lower System Agreement credits to customers in 2011;

·   base rate increases effective August 2010 and May 2011, as discussed above; and

·   an increase of $6.1 million related to volume/weather, as discussed above.

Fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of lower fuel revenues, as discussed above, partially offset by an increase in the average market price of purchased power.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.  Following is an analysis of the change in net revenue comparing the second quarter 2011 to the second quarter 2010.

	Amount
	(In Millions)
2010 net revenue	$260.8
Retail electric price	21.6
Volume/weather	10.0
Purchased power capacity	(13.7)
Net wholesale revenue	(7.6)
Other	(1.8)
2011 net revenue	$269.3

The retail electric price variance is primarily due to rate actions, including an annual base rate increase of $59 million beginning August 2010, with an additional increase of $9 million beginning May 2011, as a result of the settlement of the December 2009 rate case.  See Note 2 to the financial statements in the Form 10-K for further discussion of the rate case settlement.

The volume/weather variance is primarily due to an increase of 377 GWh, or 5%, in billed electricity usage.  Usage in the industrial sector increased primarily in the chemicals and refining industries.

The purchased power capacity variance is primarily due to price increases for ongoing purchased power capacity and additional capacity purchases.

The net wholesale revenue variance is primarily due to a decrease in sales to municipal and co-op customers compared to the same period in 2010.

133

Entergy Texas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Gross operating revenues, fuel and purchased power expenses, and other regulatory charges

Gross operating revenues decreased primarily due to:

·   a decrease of $64.9 million in gross wholesale revenues due to a decrease in sales to affiliated customers; and

·   a decrease of $25 million in fuel cost recovery revenues due to lower fuel rates, offset by lower interim fuel refunds in 2011 versus 2010.  The interim fuel refunds and the PUCT approvals are discussed in Note 2 to the financial statements in the Form 10-K.

The decrease was partially offset by:

·   an increase of $44.2 million in rider revenues due to lower System Agreement credits to customers in 2011;

·   base rate increases effective August 2010 and May 2011, as discussed above; and

·   an increase of $10 million related to volume/weather, as discussed above.

Fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of lower fuel revenues, as discussed above, partially offset by an increase in the average market price of purchased power.

Other regulatory charges decreased primarily due to the distribution in the first quarter 2011 of $17.4 million to customers of the 2007 rough production cost equalization remedy receipts.  See Note 2 to the financial statements in the Form 10-K for further discussion of the rough production cost equalization proceedings.

Other Income Statement Variances

Second Quarter 2011 Compared to Second Quarter 2010

Other operation and maintenance expenses decreased primarily due to a decrease of $6.1 million in fossil expenses due to higher plant outage expenses in 2010 due to the larger scope of the outages in 2010.  The decrease was partially offset by:

·   an increase of $0.9 million due to a change in the classification of over-recovery of energy efficiency costs, which has no effect on net income;

·   an increase of $0.7 million in transmission expenses primarily due to higher transmission equalization expenses in 2011; and

·   several individually insignificant items.

Other income decreased primarily due to a decrease in the allowance for equity funds used during construction due to less construction work in progress in 2011.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Other operation and maintenance expenses increased primarily due to:

·   an increase of $2.3 million due to a change in the classification of over-recovery of energy efficiency costs, which has no effect on net income;

·   an increase of $1.7 million in transmission expenses primarily due to higher transmission equalization expenses in 2011; and

·   several individually insignificant items.

The increase was partially offset by a decrease of $7.1 million in fossil expenses due to higher plant outage expenses in 2010 due to the larger scope of the outages in 2010.

134

Entergy Texas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Other income decreased primarily due to a decrease in the allowance for equity funds used during construction due to less construction work in progress in 2011 and a decrease in contributions in aid of construction on prepaid transmission projects in 2011.

Interest expense decreased primarily due to the pay-off of debt assumption agreement liabilities in June 2010 and lower interest on deferred fuel costs, partially offset by the issuance of $200 million of 3.60% Series first mortgage bonds in May 2010.

Income Taxes

The effective income tax rate was 38.1% for the second quarter 2011 and 38.0% for the six months ended June 30, 2011.  The differences in the effective income tax rate for the second quarter 2011 and for the six months ended June 30, 2011 versus the federal statutory rate of 35% are primarily due to book and tax differences related to utility plant items and state income taxes, partially offset by the amortization of investment tax credits and book and tax differences related to allowance for equity funds used during construction.

The effective income tax rate was 38.2% for the second quarter 2010 and 40.0% for the six months ended June 30, 2010.  The differences in the effective income tax rate for the second quarter 2010 and for the six months ended June 30, 2010 versus the federal statutory rate of 35% were primarily due to book and tax differences related to utility plant items and state income taxes, partially offset by book and tax differences related to allowance for equity funds used during construction and the amortization of investment tax credits.

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$35,342	$200,703
Cash flow provided by (used in):
	Operating activities	25,917	4,680
	Investing activities	(50,767)	(60,964)
	Financing activities	(10,149)	(42,655)
Net decrease in cash and cash equivalents		(34,999)	(98,939)
Cash and cash equivalents at end of period		$343	$101,764

Operating Activities

Net cash flow provided by operating activities increased $21.2 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to $73 million of fuel cost refunds for the six months ended June 30, 2011 versus $99 million of fuel cost refunds for the six months ended June 30, 2010.  See Note 2 to the financial statements herein for discussion of the 2011 fuel cost refund and see Note 2 in the Form 10-K for discussion of the 2010 fuel cost refund.

Investing Activities

Net cash flow used in investing activities decreased $10.2 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to the timing of remittances to and payments from the transition charge account as a result of the issuance of $546 million in securitization bonds in November 2009, partially offset by money pool activity.  See Note 5 to the financial statements in the Form 10-K for further discussion of the issuance of the securitization bonds.

135

Entergy Texas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Decreases in Entergy Texas’s receivable from the money pool are a source of cash flow, and Entergy Texas’s receivable from the money pool decreased by $13.7 million for the six months ended June 30, 2011 compared to decreasing by $34.8 million for the six months ended June 30, 2010.  The money pool is an inter-company borrowing arrangement designed to reduce Entergy’s subsidiaries’ need for external short-term borrowings.

Financing Activities

Net cash flow used in financing activities decreased $32.5 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to:

·   the retirement of $177.3 million of debt assumption liabilities and securitization bonds in 2010 compared to the retirement of $31.2 million of securitization bonds in 2011;

·   the decrease of $63.9 million in common equity distributions; and

·   money pool activity.

This decrease was partially offset by the issuance of $200 million of 3.60% Series mortgage bonds in May 2010.

Increases in Entergy Texas’s payable to the money pool are a source of cash flow, and Entergy Texas’s payable to the money pool increased by $21.1 million for the six months ended June 30, 2011.

Capital Structure

Entergy Texas’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30,  2011	December 31, 2010
Debt to capital	65.4%	66.8%
Effect of excluding the securitization bonds	(15.7)%	(16.0)%
Debt to capital, excluding securitization bonds (1)	49.7%	50.8%
Effect of subtracting cash	0.0%	(1.0)%
Net debt to net capital, excluding securitization bonds (1)	49.7%	49.8%

  (1)  Calculation excludes the securitization bonds, which are non-recourse to Entergy Texas.

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable and long-term debt, including the currently maturing portion and the debt assumption liability.  Capital consists of debt and shareholder’s equity.  Net capital consists of capital less cash and cash equivalents.  Entergy Texas uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating Entergy Texas’s financial condition.

Uses and Sources of Capital

           See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources" in the Form 10-K for a discussion of Entergy Texas’s uses and sources of capital.  Following are updates to the information provided in the Form 10-K.

136

Entergy Texas, Inc. and Subsidiaries

Management's Financial Discussion and Analysis

Entergy Texas’s receivables from or (payables to) the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
($21,067)	$13,672	$34,505	$69,317

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

As discussed in the Form 10-K, Entergy Texas has a credit facility in the amount of $100 million scheduled to expire in August 2012.  No borrowings were outstanding under the facility as of June 30, 2011.

State and Local Rate Regulation

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - State and Local Rate Regulation" in the Form 10-K for a discussion of state and local rate regulation.

In December 2010, Entergy Texas filed with the PUCT a request to refund fuel cost recovery over-collections through October 2010.  Pursuant to a stipulation among the parties that was approved by the PUCT in March 2011, Entergy Texas refunded over-collections through November 2010 of approximately $73 million, including interest through the refund period.  The refund was made for most customers over a three-month period that began with the February 2011 billing cycle.

Federal Regulation

See "System Agreement" and "Independent Coordinator of Transmission" in the "Rate, Cost-recovery, and Other Regulation" section of Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis for updates to the discussion in the Form 10-K.

Environmental Risks

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Environmental Risks" in the Form 10-K for a discussion of environmental risks.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the unbilled revenue and qualified pension and other postretirement benefits.

137

ENTERGY TEXAS, INC. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	444,423		$	471,153		$	793,307		$	807,359
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		75,742			128,897			119,823			135,456
Purchased power		210,847			188,882			391,511			381,576
Other operation and maintenance		49,677			51,954			96,918			95,323
Taxes other than income taxes		15,030			14,234			29,887			30,759
Depreciation and amortization		19,710			19,880			39,236			39,008
Other regulatory charges - net		15,735			13,691			12,657			29,539
TOTAL		386,741			417,538			690,032			711,661
OPERATING INCOME		57,682			53,615			103,275			95,698
OTHER INCOME
Allowance for equity funds used during construction		781			3,497			1,547			4,138
Interest and investment income		2,048			2,582			2,738			3,636
Miscellaneous - net		(795	)		(305	)		(970	)		1,149
TOTAL		2,034			5,774			3,315			8,923
INTERET EXPENSE
Interest expense		22,964			25,294			45,041			49,202
Allowance for borrowed funds used during construction		(542	)		(2,031	)		(1,068	)		(2,511	)
TOTAL		22,422			23,263			43,973			46,691
INCOME BEFORE INCOME TAXES		37,294			36,126			62,617			57,930
Income taxes		14,197			13,793			23,794			23,179
NET INCOME	$	23,097		$	22,333		$	38,823		$	34,751
See Notes to Financial Statements.

138

ENTERGY TEXAS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	38,823		$	34,751
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning		39,236			39,008
Deferred income taxes, investment tax credits, and non-current taxes accrued		24,535			96,423
Changes in working capital:
Receivables		(49,396	)		(85,930	)
Fuel inventory		179			315
Accounts payable		43,543			60,626
Taxes accrued		(10,501	)		(67,785	)
Interest accrued		(789	)		8,031
Deferred fuel costs		(62,683	)		(38,134	)
Other working capital accounts		5,188			(56,630	)
Changes in provisions for estimated losses		(89	)		(2,200	)
Changes in other regulatory assets		36,660			33,603
Changes in pension and other postretirement liabilities		(13,603	)		(6,181	)
Other		(25,186	)		(11,217	)
Net cash flow provided by operating activities		25,917			4,680
INVESTING ACTIVITIES
Construction expenditures		(75,623	)		(79,704	)
Allowance for equity funds used during construction		1,547			4,138
Change in money pool receivable - net		13,672			34,812
Increase in other investments		-			2,318
Remittances to transition charge account		(39,178	)		(40,800	)
Payments from transition charge account		48,815			18,272
Net cash flow used in investing activities		(50,767	)		(60,964	)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt		-			198,534
Retirement of long-term debt		(31,177	)		(177,289	)
Change in money pool payable - net		21,067			-
Dividends paid:
Common stock		-			(63,900	)
Other		(39	)		-
Net cash flow used in financing activities		(10,149	)		(42,655	)
Net decrease in cash and cash equivalents		(34,999	)		(98,939	)
Cash and cash equivalents at beginning of period		35,342			200,703
Cash and cash equivalents at end of period	$	343		$	101,764
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	43,659		$	39,083
Income taxes	$	-		$	1,745
See Notes to Financial Statements.

139

ENTERGY TEXAS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011			2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	305		$	1,719
Temporary cash investments		38			33,623
Total cash and cash equivalents		343			35,342
Securitization recovery trust account		30,994			40,632
Accounts receivable:
Customer		74,408			56,358
Allowance for doubtful accounts		(2,000	)		(2,185	)
Associated companies		58,429			53,128
Other		10,622			11,605
Accrued unbilled revenues		52,642			39,471
Total accounts receivable		194,101			158,377
Accumulated deferred income taxes		38,191			44,752
Fuel inventory - at average cost		53,693			53,872
Materials and supplies - at average cost		28,869			28,842
Prepayments and other		8,358			14,856
TOTAL		354,549			376,673
OTHER PROPERTY AND INVESTMENTS
Investments in affiliates - at equity		804			812
Non-utility property - at cost (less accumulated depreciation)		1,077			1,223
Other		17,697			17,037
TOTAL		19,578			19,072
UTILITY PLANT
Electric		3,276,716			3,205,566
Construction work in progress		77,057			80,096
TOTAL UTILITY PLANT		3,353,773			3,285,662
Less - accumulated depreciation and amortization		1,273,422			1,245,729
UTILITY PLANT - NET		2,080,351			2,039,933
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		125,495			127,046
Other regulatory assets (includes securitization property of        $739,700 as of June 30, 2011 and        $763,841 as of December 31, 2010)		1,128,113			1,168,960
Long-term receivables - associated companies		31,791			32,596
Other		21,568			19,584
TOTAL		1,306,967			1,348,186
TOTAL ASSETS	$	3,761,445		$	3,783,864
See Notes to Financial Statements.

140

ENTERGY TEXAS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011		2010
	(In Thousands)
CURRENT LIABILITIES
Accounts payable:
Associated companies	$	133,018	$	69,862
Other		72,476		70,325
Customer deposits		37,486		38,376
Taxes accrued		18,050		28,551
Interest accrued		32,888		33,677
Deferred fuel costs		14,747		77,430
Pension and other postretirement liabilities		1,197		1,354
Other		3,986		4,222
TOTAL		313,848		323,797
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		847,633		829,668
Accumulated deferred investment tax credits		20,137		20,936
Other regulatory liabilities		6,271		26,178
Asset retirement cost liabilities		3,759		3,651
Accumulated provisions		5,231		5,320
Pension and other postretirement liabilities		59,121		72,724
Long-term debt (includes securitization bonds of        $775,901 as of June 30, 2011 and        $807,066 as of December 31, 2010)		1,628,270		1,659,230
Other		14,062		18,070
TOTAL		2,584,484		2,635,777
Commitments and Contingencies
COMMON EQUITY
Common stock, no par value, authorized 200,000,000 shares;
issued and outstanding 46,525,000 shares in 2011 and 2010		49,452		49,452
Paid-in capital		481,994		481,994
Retained earnings		331,667		292,844
TOTAL		863,113		824,290
TOTAL LIABILITIES AND EQUITY	$	3,761,445	$	3,783,864
See Notes to Financial Statements.

141

ENTERGY TEXAS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN COMMON EQUITY
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
	Common Equity
	Common Stock		Paid-in Capital		Retained Earnings			Total
Balance at December 31, 2009	$	49,452	$	481,994	$	313,044		$	844,490
Net income		-		-		34,751			34,751
Common stock dividends		-		-		(63,900	)		(63,900	)
Balance at June 30, 2010	$	49,452	$	481,994	$	283,895		$	815,341
Balance at December 31, 2010	$	49,452	$	481,994	$	292,844		$	824,290
Net income		-		-		38,823			38,823
Balance at June 30, 2011	$	49,452	$	481,994	$	331,667		$	863,113
See Notes to Financial Statements.

142

ENTERGY TEXAS, INC. AND SUBSIDIARIES
SELECTED OPERATING RESULTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended				Increase/
Description	2011		2010		(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	142	$	125	$	17			14
Commercial		89		85		4			5
Industrial		96		82		14			17
Governmental		6		6		-			-
Total retail		333		298		35			12
Sales for resale
Associated companies		74		133		(59	)		(44	)
Non-associated companies		16		14		2			14
Other		21		26		(5	)		(19	)
Total	$	444	$	471	$	(27	)		(6	)
Billed Electric Energy
Sales (GWh):
Residential		1,331		1,251		80			6
Commercial		1,083		1,044		39			4
Industrial		1,613		1,402		211			15
Governmental		73		64		9			14
Total retail		4,100		3,761		339			9
Sales for resale
Associated companies		1,161		1,019		142			14
Non-associated companies		280		236		44			19
Total		5,541		5,016		525			10
	Six Months Ended				Increase/
Description		2011		2010	(Decrease)			%
	(Dollars In Millions)
Electric Operating Revenues:
Residential	$	268	$	238	$	30			13
Commercial		162		151		11			7
Industrial		159		149		10			7
Governmental		11		11		-			-
Total retail		600		549		51			9
Sales for resale
Associated companies		129		190		(61	)		(32	)
Non-associated companies		36		39		(3	)		(8	)
Other		28		29		(1	)		(3	)
Total	$	793	$	807	$	(14	)		(2	)
Billed Electric Energy
Sales (GWh):
Residential		2,714		2,751		(37	)		(1	)
Commercial		2,074		2,029		45			2
Industrial		3,061		2,705		356			13
Governmental		142		129		13			10
Total retail		7,991		7,614		377			5
Sales for resale
Associated companies		1,989		1,651		338			20
Non-associated companies		601		694		(93	)		(13	)
Total		10,581		9,959		622			6

143

SYSTEM ENERGY RESOURCES, INC.

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

System Energy’s principal asset consists of a 78.5% ownership interest and 11.5% leasehold interest in Grand Gulf.  The capacity and energy from its 90% interest is sold under the Unit Power Sales Agreement to its only four customers, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans.  System Energy’s operating revenues are derived from the allocation of the capacity, energy, and related costs associated with its 90% interest in Grand Gulf pursuant to the Unit Power Sales Agreement.  Payments under the Unit Power Sales Agreement are System Energy’s only source of operating revenues.

Second Quarter 2011 Compared to Second Quarter 2010

Net income increased $1.5 million as lower interest expense and higher other income were in large part offset by a decrease in rate base that contributed to lower operating income.

Six Months Ended June 30, 2011 Compared to Six Months Ended June 30, 2010

Net income remained relatively flat as lower interest expense and higher other income were in large part offset by a decrease in rate base that contributed to lower operating income.

Liquidity and Capital Resources

Cash Flow

Cash flows for the six months ended June 30, 2011 and 2010 were as follows:

		2011	2010
		(In Thousands)
Cash and cash equivalents at beginning of period		$263,772	$264,482
Cash flow provided by (used in):
	Operating activities	142,079	129,154
	Investing activities	(219,374)	(99,483)
	Financing activities	(118,071)	23,855
Net increase (decrease) in cash and cash equivalents		(195,366)	53,526
Cash and cash equivalents at end of period		$68,406	$318,008

Operating Activities

Net cash provided by operating activities increased $12.9 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to a Grand Gulf refueling outage in 2010 and no refueling outage planned  in 2011, partially offset by an increase of $14.4 million in pension contributions.  See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Critical Accounting Estimates" in the Form 10-K and Note 6 to the financial statements herein for a discussion of qualified pension and other postretirement benefits.

144

System Energy Resouces, Inc.

Management's Financial Discussion and Analysis

Investing Activities

Net cash used in investment activities increased $119.9 million for the six months ended June 30, 2011 compared to the six months ended June 30, 2010 primarily due to:

·   the proceeds from the transfer, in the first quarter 2010, of $100.3 million in development costs related to Entergy New Nuclear Development, LLC, as discussed in the Form 10-K;

·   money pool activity;

·   an increase of $35 million in construction expenditures primarily due to the Grand Gulf power uprate project;

·   the repayment in 2010 of $25.6 million by Entergy New Orleans of a note issued in resolution of its bankruptcy proceedings; and

·   a $20 million loan made to another Entergy subsidiary under an intercompany credit agreement between Entergy New Nuclear Development, LLC (a subsidiary of System Energy) and that affiliate.  The interest rate at June 30, 2011 was 4.31%.

The increase was partially offset by a decrease of $91.6 million in nuclear fuel purchases due to the timing of refueling outages and the purchase of nuclear fuel from System Fuels because the Utility companies will now purchase nuclear fuel as System Fuels procures it, rather than primarily at the time of refueling activity.

Increases in System Energy’s receivable from the money pool are a use of cash flow, and System Energy’s receivable from the money pool increased $61.7 million in the six months ended June 30, 2011 compared to increasing $15.5 million in the six months ended June 30, 2010.  The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ need for external short-term borrowings.

Financing Activities

System Energy’s financing activities used $118.1 million for the six months ended June 30, 2011 compared to providing $23.9 million for the six months ended June 30, 2010 primarily due to the repayment of $37.8 million in commercial paper in the six months ended June 30, 2011 as compared to the issuance of $62.7 million in commercial paper and $60 million of 5.33% Series G notes by the nuclear fuel company variable interest entity in the same period in 2010.  See Note 4 to the financial statements herein and in the Form 10-K for a discussion of this activity.

Capital Structure

System Energy’s capitalization is balanced between equity and debt, as shown in the following table.

	June 30,  2011	December 31, 2010
Debt to capital	49.2%	51.7%
Effect of subtracting cash	(2.3)%	(9.0)%
Net debt to net capital	46.9%	42.7%

Net debt consists of debt less cash and cash equivalents.  Debt consists of notes payable, capital lease obligations, and long-term debt, including the currently maturing portion.  Capital consists of debt and common shareholder’s equity.  Net capital consists of capital less cash and cash equivalents.  System Energy uses the net debt to net capital ratio in analyzing its financial condition and believes it provides useful information to its investors and creditors in evaluating System Energy’s financial condition.

145

System Energy Resouces, Inc.

Management's Financial Discussion and Analysis

Uses and Sources of Capital

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources"in the Form 10-K for a discussion of System Energy’s uses and sources of capital.  Following are updates to the information provided in the Form 10-K.

System Energy’s receivables from the money pool were as follows:

June 30, 2011	December 31, 2010	June 30, 2010	December 31, 2009
(In Thousands)
$159,655	$97,948	$105,977	$90,507

See Note 4 to the financial statements in the Form 10-K for a description of the money pool.

Nuclear Matters

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Nuclear Matters" in the Form 10-K for a discussion of nuclear matters.

Environmental Risks

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS – Environmental Risks" in the Form 10-K for a discussion of environmental risks.

Critical Accounting Estimates

See "MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Critical Accounting Estimates" in the Form 10-K for a discussion of the estimates and judgments necessary in System Energy’s accounting for nuclear decommissioning costs and qualified pension and other postretirement benefits.  The following is an update to that discussion.

Nuclear Decommissioning Costs

In the first quarter 2011, System Energy recorded a revision to its estimated decommissioning cost liability for Grand Gulf as a result of a revised decommissioning cost study.  The revised estimate resulted in a $38.9 million reduction in its decommissioning liability, along with a corresponding reduction in the related regulatory asset. 

146

SYSTEM ENERGY RESOURCES, INC.
INCOME STATEMENTS
For the Three and Six Months Ended June 30, 2011 and 2010
(Unaudited)
	Three Months Ended						Six Months Ended
	2011			2010			2011			2010
	(In Thousands)						(In Thousands)
OPERATING REVENUES
Electric	$	129,120		$	124,419		$	257,515		$	253,002
OPERATING EXPENSES
Operation and Maintenance:
Fuel, fuel-related expenses, and
gas purchased for resale		19,485			12,307			39,175			27,625
Nuclear refueling outage expenses		4,067			4,545			8,089			9,218
Other operation and maintenance		34,886			31,405			63,843			60,290
Decommissioning		7,614			7,772			15,816			15,406
Taxes other than income taxes		5,790			6,058			11,213			12,089
Depreciation and amortization		25,583			24,930			54,246			53,301
Other regulatory credits - net		(2,301	)		(4,890	)		(5,250	)		(5,615	)
TOTAL		95,124			82,127			187,132			172,314
OPERATING INCOME		33,996			42,292			70,383			80,688
OTHER INCOME
Allowance for equity funds used during construction		5,376			2,414			9,521			4,232
Interest and investment income		2,508			1,236			5,049			6,622
Miscellaneous - net		(145	)		(97	)		(249	)		(229	)
TOTAL		7,739			3,553			14,321			10,625
INTEREST EXPENSE
Interest expense		7,736			12,411			19,125			22,720
Allowance for borrowed funds used during construction		(1,563	)		(835	)		(2,916	)		(1,465	)
TOTAL		6,173			11,576			16,209			21,255
INCOME BEFORE INCOME TAXES		35,562			34,269			68,495			70,058
Income taxes		13,576			13,827			27,173			29,003
NET INCOME	$	21,986		$	20,442		$	41,322		$	41,055
See Notes to Financial Statements.

147

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148

SYSTEM ENERGY RESOURCES, INC.
STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2011 and 2010
(Unaudited)
	2011			2010
	(In Thousands)
OPERATING ACTIVITIES
Net income	$	41,322		$	41,055
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization		98,127			88,363
Deferred income taxes, investment tax credits, and non-current taxes accrued		(32,655	)		(50,759	)
Changes in working capital:
Receivables		6,926			6,207
Accounts payable		7,807			(397	)
Prepaid taxes		49,348			68,652
Interest accrued		(43,112	)		(39,416	)
Other working capital accounts		2,383			(24,959	)
Changes in provision for estimated losses		-			(2,009	)
Changes in other regulatory assets		34,791			(9,292	)
Changes in pension and other postretirement liabilities		(19,837	)		(5,602	)
Other		(3,021	)		57,311
Net cash flow provided by operating activities		142,079			129,154
INVESTING ACTIVITIES
Construction expenditures		(105,653	)		(70,695	)
Proceeds from the transfer of development costs		-			100,280
Allowance for equity funds used during construction		9,521			4,232
Nuclear fuel purchases		(37,709	)		(129,331	)
Proceeds from the sale of nuclear fuel		12,420			-
Proceeds from nuclear decommissioning trust fund sales		106,528			138,232
Investment in nuclear decommissioning trust funds		(122,774	)		(152,291	)
Loan to affiliate		(20,000	)		-
Changes in money pool receivable - net		(61,707	)		(15,470	)
Changes in other investments		-			25,560
Net cash flow used in investing activities		(219,374	)		(99,483	)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt		-			57,859
Retirement of long-term debt		(38,161	)		(41,715	)
Changes in credit borrowings - net		(37,763	)		44,411
Dividends paid:
Common stock		(39,300	)		(36,700	)
Other		(2,847	)		-
Net cash flow provided by (used in) financing activities		(118,071	)		23,855
Net increase (decrease) in cash and cash equivalents		(195,366	)		53,526
Cash and cash equivalents at beginning of period		263,772			264,482
Cash and cash equivalents at end of period	$	68,406		$	318,008
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	23,592		$	18,305
See Notes to Financial Statements.

149

SYSTEM ENERGY RESOURCES, INC.
BALANCE SHEETS
ASSETS
June 30, 2011 and December 31, 2010
(Unaudited)
	2011		2010
	(In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash	$	680	$	903
Temporary cash investments		67,726		262,869
Total cash and cash equivalents		68,406		263,772
Accounts receivable:
Associated companies		201,528		147,180
Other		5,503		5,070
Total accounts receivable		207,031		152,250
Loan to affiliate		20,000		-
Materials and supplies - at average cost		86,432		84,077
Deferred nuclear refueling outage costs		14,337		22,627
Prepaid taxes		18,691		68,039
Prepayments and other		4,699		1,142
TOTAL		419,596		591,907
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds		417,471		387,876
TOTAL		417,471		387,876
UTILITY PLANT
Electric		3,374,061		3,362,422
Property under capital lease		480,899		489,175
Construction work in progress		292,016		210,536
Nuclear fuel		147,965		155,282
TOTAL UTILITY PLANT		4,294,941		4,217,415
Less - accumulated depreciation and amortization		2,462,681		2,417,811
UTILITY PLANT - NET		1,832,260		1,799,604
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Regulatory asset for income taxes - net		126,755		126,642
Other regulatory assets		260,067		296,715
Other		22,540		21,326
TOTAL		409,362		444,683
TOTAL ASSETS	$	3,078,689	$	3,224,070
See Notes to Financial Statements.

150

SYSTEM ENERGY RESOURCES, INC.
BALANCE SHEETS
LIABILITIES AND EQUITY
June 30, 2011 and December 31, 2010
(Unaudited)
	2011		2010
	(In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt	$	40,163	$	33,740
Short-term borrowings		501		38,264
Accounts payable:
Associated companies		5,115		6,520
Other		42,972		38,447
Accumulated deferred income taxes		4,661		8,508
Interest accrued		12,969		56,081
Other		2,263		2,258
TOTAL		108,644		183,818
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		614,203		617,012
Accumulated deferred investment tax credits		53,017		54,755
Other regulatory liabilities		226,452		201,364
Decommissioning		429,708		452,782
Pension and other postretirement liabilities		85,408		105,245
Long-term debt		746,848		796,728
Other		21		-
TOTAL		2,155,657		2,227,886
Commitments and Contingencies
COMMON EQUITY
Common stock, no par value, authorized 1,000,000 shares;
issued and outstanding 789,350 shares in 2011 and 2010		789,350		789,350
Retained earnings		25,038		23,016
TOTAL		814,388		812,366
TOTAL LIABILITIES AND EQUITY	$	3,078,689	$	3,224,070
See Notes to Financial Statements.

151

SYSTEM ENERGY RESOURCES, INC.
STATEMENTS OF CHANGES IN COMMON EQUITY
For the Six Months Ended June 30, 2011 and 2010
(Unaudited) (In Thousands)
	Common Equity
	Common Stock		Retained Earnings			Total
Balance at December 31, 2009	$	789,350	$	40,592		$	829,942
Net income		-		41,055			41,055
Common stock dividends		-		(36,700	)		(36,700	)
Balance at June 30, 2010	$	789,350	$	44,947		$	834,297
Balance at December 31, 2010	$	789,350	$	23,016		$	812,366
Net income		-		41,322			41,322
Common stock dividends		-		(39,300	)		(39,300	)
Balance at June 30, 2011	$	789,350	$	25,038		$	814,388
See Notes to Financial Statements.

152

ENTERGY CORPORATION AND SUBSIDIARIES

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

See "PART I, Item 1, Litigation" in the Form 10-K for a discussion of legal, administrative, and other regulatory proceedings affecting Entergy.  Following is an update to that discussion.  Also see "Item 5, Other Information, Environmental Regulation", below, for updates regarding environmental proceedings and regulation and Note 11 to the financial statements for a description of a legal proceeding involving Vermont Yankee.

Texas Power Price Lawsuit

See the Form 10-K for a discussion of the lawsuit filed in August 2003 in the district court of Chambers County, Texas by Texas residents on behalf of a purported class apparently of the Texas retail customers of Entergy Gulf States, Inc. who were billed and paid for electric power from January 1, 1994 to the present.  The case is pending in state district court, and the court has scheduled a class certification hearing for August 2011.

Item 1A.  Risk Factors

There have been no material changes to the risk factors discussed in "PART I, Item 1A, Risk Factors" in the Form 10-K.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities (1)

Period	Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of a Publicly Announced Plan	Maximum $ Amount of Shares that May Yet be Purchased Under a Plan (2)
4/01/2011-4/30/2011	310,000	$67.58	310,000	$500,000,000
5/01/2011-5/31/2011	135,000	$69.13	135,000	$500,000,000
6/01/2011-6/30/2011	1,100,000	$68.11	1,100,000	$425,083,376
Total	1,545,000	$68.09	1,545,000

(1)

In accordance with Entergy’s stock-based compensation plans, Entergy periodically grants stock options to key employees, which may be exercised to obtain shares of Entergy’s common stock.  According to the plans, these shares can be newly issued shares, treasury stock, or shares purchased on the open market.  Entergy’s management has been authorized by the Board to repurchase on the open market shares up to an amount sufficient to fund the exercise of grants under the plans.  See Note 12 to the financial statements in the Form 10-K for additional discussion of the stock-based compensation plans.  In addition to this authority, in October 2010 the Board granted authority for an additional $500 million share repurchase program.  The amount of share repurchases under these programs may vary as a result of material changes in business results or capital spending or new investment opportunities.

(2)

Maximum amount of shares that may yet be repurchased does not include an estimate of the amount of shares that may be purchased to fund the exercise of grants under the stock-based compensation plans.

153

Item 5.  Other Information

Environmental Regulation

Following are updates to the Environmental Regulation section of Part I, Item 1 of the Form 10-K.

Clean Air Act and Subsequent Amendments

Hazardous Air Pollutants

The EPA is developing a Maximum Achievable Control Technology retrofit standard for new and existing coal and oil-fired units.  In 2009 the EPA issued an Information Collection Request to gather data needed for promulgation of Hazardous Air Pollutant regulations.  In May 2011 the EPA published the proposed rule to regulate Hazardous Air Pollutants for Electric Generating Utilities, and the final rule is expected in November 2011.  Entergy is reviewing the proposal and remains involved in the current rulemaking process.

Interstate Air Transport

In March 2005, the EPA finalized the Clean Air Interstate Rule (CAIR), which was intended to reduce SO2 and NOx emissions from electric generation plants in order to improve air quality in twenty-nine eastern states.  The rule required a combination of investment of capital to install pollution control equipment and increased operating costs through the purchase of emission allowances.  Entergy began implementation in 2007, including installation of controls at several facilities and the development of an emission allowance procurement strategy.

Based on several court challenges, the CAIR was vacated and remanded to the EPA by the D.C. Circuit in 2008.  The court allowed the CAIR to become effective on January 1, 2009, while the EPA revised the rule.  The EPA released the proposed Transport Rule to replace the CAIR on July 9, 2010.  On July 7, 2011, the EPA released its final Cross-State Air Pollution Rule (CSAPR, which previously was referred to as the Transport Rule).  The rule, which will be effective 60 days after it is published in the Federal Register, is directed at limiting the interstate transport of emissions of NOx and SO2 as precursors to ozone and fine particulate matter.  The final rule provides a significantly lower number of allowances to Entergy’s Utility states than did the draft rule.  Entergy’s capital investment and annual allowance purchase costs under the CSAPR will depend on the economic assessment of NOx and SO2 allowance markets, the cost of control technologies, generation unit utilization, and the availability and cost of purchased power.  Entergy continues to review the implications of the final rule.

Nelson Unit 6 (Entergy Gulf States Louisiana)

Entergy Gulf States Louisiana self-reported to the Louisiana Department of Environmental Quality (LDEQ) potential exceedances of annual carbon monoxide emission limits at the Nelson Unit 6 coal-fired facility for the years 2006-2010 and the failure to report these potential exceedances in semi-annual reporting and in annual Title V compliance certifications.  Entergy Gulf States Louisiana is not required to monitor carbon monoxide emissions from Nelson Unit 6 on a regular or continuous schedule.  Stack tests performed in 2010 appear to indicate carbon monoxide emissions in excess of the maximum hourly limit for three 1-hour test runs and the annual limit.  Comparison of the 2010 stack tests with the most recent previous tests from 2006, however, appear to indicate that the permit limits were calculated incorrectly and should have been higher.  The 2010 test emission levels did not cause a violation of National Ambient Air Quality Standards.  Additionally, the 2010 stack testing, which was performed in compliance with an EPA data request connected to the EPA’s development of a new air emissions rule, was not taken during a period of normal and representative operations for Nelson Unit 6.  Entergy Gulf States Louisiana continues to develop data regarding this matter in coordination with the LDEQ.

154

Clean Water Act

NPDES Permits and Section 401 Water Quality Certifications

Indian Point

See the Form 10-K for a discussion of Indian Point permitting and water quality certification proceedings.  On June 21, 2011, Entergy filed notice with the NRC that the NYSDEC, the agency that would issue or deny a water quality certification for the Indian Point license renewal process, has taken longer than one year to take final action on Entergy’s application for a water quality certification and, therefore, has waived its opportunity to require a certification under the provisions of Section 401 of the Clean Water Act.  Entergy submitted its application for a water quality certification to the NYSDEC in April 2009, with a reservation of rights regarding the applicability of Section 401 in this case.  After Entergy submitted certain additional information in response to NYSDEC requests for additional information, in February 2010 the NYSDEC staff determined that Entergy’s water quality certification application was complete.  In April 2010 the NYSDEC staff issued a proposed notice of denial of Entergy’s water quality certification application (the Notice).  NYSDEC staff’s Notice triggered an administrative adjudicatory hearing before NYSDEC ALJs on the proposed Notice that remains ongoing, but no final decision has been rendered.  The NYSDEC has notified the NRC that it disagrees with Entergy’s position and does not believe that it has waived the right to require a certification.  The NYSDEC ALJs overseeing the agency’s certification adjudicatory process stated in a ruling issued on July 15, 2011 that while the waiver issue is pending before the NRC, the NYSDEC hearing process will continue on selected issues.  The hearing is currently expected to begin in the fourth quarter 2011.

316(b) Cooling Water Intake Structures

See the Form 10-K for a discussion of the EPA regulations finalized in July 2004 governing the intake of water at large existing power plants employing cooling water intake structures.  The rule sought to reduce perceived impacts on aquatic resources by requiring covered facilities to implement technology or other measures to meet EPA-targeted reductions in water use and corresponding perceived aquatic impacts.  Entergy, other industry members and industry groups, environmental groups, and a coalition of northeastern and mid-Atlantic states challenged various aspects of the rule.  In January 2007, the U.S. Second Circuit Court of Appeals remanded the rule to the EPA for reconsideration.  The court instructed the EPA to reconsider several aspects of the rule that were beneficial to businesses affected by the rule after finding that these provisions of the rule were contrary to the language of the Clean Water Act or were not sufficiently explained in the rule.  In April 2008, the U.S. Supreme Court agreed to review the Second Circuit decision on the question of whether the EPA may take into consideration a cost-benefit analysis in developing these regulations, a consideration of potential benefit to businesses affected by the rule that the Second Circuit disallowed.  In March 2009, the Supreme Court ruled in favor of the petitioners that cost-benefit analysis may be taken into consideration.  The EPA reissued the proposed rule in April 2011, with finalization anticipated by July 27, 2012.  Entergy currently is reviewing the revised proposed rule.

Other Environmental Matters

Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy New Orleans, and Entergy Texas

The Texas Commission on Environmental Quality (TCEQ) notified Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy New Orleans, and Entergy Texas that the TCEQ believes those entities are PRPs concerning contamination existing at the San Angelo Electric Service Company (SESCO) facility in San Angelo, Texas.  The facility operated as a transformer repair and scrapping facility from the 1930s until 2003.  Both soil and groundwater contamination exists at the site.  Entergy Gulf States, Inc. and Entergy Louisiana sent transformers to this facility during the 1980s.  Entergy Gulf States Louisiana, Entergy Texas, Entergy Louisiana, and Entergy Arkansas responded to an information request from the TCEQ and continue to cooperate in this investigation.  Entergy Gulf States Louisiana, Entergy Texas, and Entergy Louisiana joined a group of PRPs responding to site conditions in cooperation with the State of Texas, creating cost allocation models based on review of SESCO documents and employee interviews, and investigating contribution actions against other PRPs.  Entergy Gulf States Louisiana, Entergy Louisiana, and Entergy Texas have agreed to contribute to the remediation of contaminated soil and groundwater at the site in a measure proportionate to those companies’ involvement at the site, while Entergy Arkansas and

155

Entergy New Orleans likely will pay de minimis amounts.  Current estimates, although preliminary and variable depending on the level of third-party cost contributions, indicate that Entergy’s total share of remediation costs likely will be less than $1 million.  The TCEQ approved an agreed administrative order in September 2006 that allows the implementation of a Remedial Investigation/Feasibility Study at the SESCO site; with the ultimate disposition being a remedial action to remove contaminants of concern.  The TCEQ approved the Remedial Investigation Work Plan in May 2007 and field sampling began in July 2007.  Off-site removal activities of PCB-impacted soil and debris were completed at the site in December 2010.  The Remedial Investigation report was submitted in February 2011 to the TCEQ and was approved on April 15, 2011.  The PRP working group prepared a Feasibility Study and description of proposed site remediation and management actions for TCEQ’s review.  This information was submitted to the TCEQ in June 2011.

Property

Following is an update to the Entergy Wholesale Commodities, Property section of Part I, Item 1 of the Form 10-K.

Nuclear Generating Stations

As discussed further in the Form 10-K, the NRC operating license for Vermont Yankee was to expire in March 2012.  In March 2011 the NRC renewed Vermont Yankee’s operating license for an additional 20 years, as a result of which the license now expires in 2032.  In July 2011 the Vermont Department of Public Service and the New England Coalition petitioned the United States Court of Appeals for the District of Columbia seeking a summary reversal of the NRC’s issuance of the renewed operating license alleging that the license had been issued without a valid and effective water quality certification under Section 401 of the Clean Water Act.  Entergy has intervened in the proceeding.  The current schedule calls for briefing of all summary motions to be complete in September 2011.  See Note 11 to the financial statements herein for additional discussion of Vermont Yankee.

Earnings Ratios (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

The Registrant Subsidiaries have calculated ratios of earnings to fixed charges and ratios of earnings to combined fixed charges and preferred dividends/distributions pursuant to Item 503 of Regulation S-K of the SEC as follows:

	Ratios of Earnings to Fixed Charges
	Twelve Months Ended
	December 31,					June 30,
	2006	2007	2008	2009	2010	2011
Entergy Arkansas	3.37	3.19	2.33	2.39	3.91	4.07
Entergy Gulf States Louisiana	3.01	2.84	2.44	2.99	3.58	4.24
Entergy Louisiana	3.23	3.44	3.14	3.52	3.41	3.55
Entergy Mississippi	2.54	3.22	2.92	3.25	3.30	3.27
Entergy New Orleans	1.52	2.74	3.71	3.66	4.41	5.21
Entergy Texas	2.12	2.07	2.04	1.92	2.10	2.20
System Energy	4.05	3.95	3.29	3.73	3.64	3.80

156

	Ratios of Earnings to Combined Fixed Charges and Preferred Dividends/Distributions
	Twelve Months Ended
	December 31,					June 30,
	2006	2007	2008	2009	2010	2011
Entergy Arkansas	3.06	2.88	1.95	2.09	3.50	3.65
Entergy Gulf States Louisiana	2.90	2.73	2.42	2.95	3.53	4.18
Entergy Louisiana	2.90	3.08	2.87	3.27	3.13	3.23
Entergy Mississippi	2.34	2.97	2.67	3.01	3.06	3.02
Entergy New Orleans	1.35	2.54	3.45	3.38	3.97	4.57

The Registrant Subsidiaries accrue interest expense related to unrecognized tax benefits in income tax expense and do not include it in fixed charges.

Item 6.  Exhibits *

	4(a) -	Seventy-second Supplemental Indenture, dated as of April 30, 2011, to Entergy Louisiana, LLC Mortgage and Deed of Trust, dated as of April 1, 1944.
*	4(b) -	Twenty-ninth Supplemental Indenture, dated as of May 1, 2011, to Entergy Mississippi, Inc. Mortgage and Deed of Trust, dated as of February 1, 1988 (4.38 to Form 8-K dated May 13, 2011 in 1-31508).
*	10(a) -	2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries (Annex A to Entergy Corporation’s Definitive Proxy Statement filed on March 24, 2011 in 1-11299).
	10(b) -	Entergy Corporation Outside Director Stock Program Established under the 2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries.
	12(a) -	Entergy Arkansas’s Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred Dividends, as defined.
	12(b) -	Entergy Gulf States Louisiana’s Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred Distributions, as defined.
	12(c) -	Entergy Louisiana’s Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred Distributions, as defined.
	12(d) -	Entergy Mississippi’s Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred Dividends, as defined.
	12(e) -	Entergy New Orleans’s Computation of Ratios of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Pre­ferred Dividends, as defined.
	12(f) -	Entergy Texas’s Computation of Ratios of Earnings to Fixed Charges, as defined.
	12(g) -	System Energy’s Computation of Ratios of Earnings to Fixed Charges, as defined.
	31(a) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Corporation.
	31(b) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Corporation.

157

31(c) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Arkansas.
31(d) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Arkansas.
31(e) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Gulf States Louisiana.
31(f) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Gulf States Louisiana.
31(g) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Louisiana.
31(h) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Louisiana.
31(i) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Mississippi.
31(j) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Mississippi.
31(k) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy New Orleans.
31(l) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy New Orleans.
31(m) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Texas.
31(n) -	Rule 13a-14(a)/15d-14(a) Certification for Entergy Texas.
31(o) -	Rule 13a-14(a)/15d-14(a) Certification for System Energy.
31(p) -	Rule 13a-14(a)/15d-14(a) Certification for System Energy.
32(a) -	Section 1350 Certification for Entergy Corporation.
32(b) -	Section 1350 Certification for Entergy Corporation.
32(c) -	Section 1350 Certification for Entergy Arkansas.
32(d) -	Section 1350 Certification for Entergy Arkansas.
32(e) -	Section 1350 Certification for Entergy Gulf States Louisiana.
32(f) -	Section 1350 Certification for Entergy Gulf States Louisiana.
32(g) -	Section 1350 Certification for Entergy Louisiana.
32(h) -	Section 1350 Certification for Entergy Louisiana.
32(i) -	Section 1350 Certification for Entergy Mississippi.
32(j) -	Section 1350 Certification for Entergy Mississippi.
32(k) -	Section 1350 Certification for Entergy New Orleans.
32(l) -	Section 1350 Certification for Entergy New Orleans.
32(m) -	Section 1350 Certification for Entergy Texas.
32(n) -	Section 1350 Certification for Entergy Texas.

158

32(o) -	Section 1350 Certification for System Energy.
32(p) -	Section 1350 Certification for System Energy.
101 INS -	XBRL Instance Document.
101 SCH -	XBRL Taxonomy Extension Schema Document.
101 PRE -	XBRL Taxonomy Presentation Linkbase Document.
101 LAB -	XBRL Taxonomy Label Linkbase Document.
101 CAL -	XBRL Taxonomy Calculation Linkbase Document.
101 DEF -	XBRL Definition Linkbase Document.

___________________________

Pursuant to Item 601(b)(4)(iii) of Regulation S-K, Entergy Corporation agrees to furnish to the Commission upon request any instrument with respect to long-term debt that is not registered or listed herein as an Exhibit because the total amount of securities authorized under such agreement does not exceed ten percent of the total assets of Entergy Corporation and its subsidiaries on a consolidated basis.

* Incorporated herein by reference as indicated.

159

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.  The signature for each undersigned company shall be deemed to relate only to matters having reference to such company or its subsidiaries.

ENTERGY CORPORATION

ENTERGY ARKANSAS, INC.

ENTERGY GULF STATES LOUISIANA, L.L.C.

ENTERGY LOUISIANA, LLC

ENTERGY MISSISSIPPI, INC.

ENTERGY NEW ORLEANS, INC.

ENTERGY TEXAS, INC.

SYSTEM ENERGY RESOURCES, INC.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr

Senior Vice President and Chief Accounting Officer

(For each Registrant and for each as

Principal Accounting Officer)

Date:  August 5, 2011

160

EX-4

Exhibit 4(a)

ENTERGY LOUISIANA, LLC

(successor to Entergy Louisiana, Inc.)

TO

THE BANK OF NEW YORK MELLON

(successor to The Chase National Bank of the City of New York)

As Trustee under Entergy Louisiana, LLC’s Mortgage and Deed of Trust

dated as of April 1, 1944

________________

Seventy-second Supplemental Indenture and Mortgage

Providing among other things for the

Mortgaging of Property located in Acadia Parish, Louisiana

Dated as of April 30, 2011

SEVENTY-SECOND SUPPLEMENTAL INDENTURE AND MORTGAGE

Indenture, dated as of April 30, 2011, between ENTERGY LOUISIANA, LLC, a limited liability company of the State of Texas (hereinafter sometimes called the “Company”), successor to ENTERGY LOUISIANA, INC., a corporation of the State of Louisiana converted to a corporation of the State of Texas on December 31, 2005 (hereinafter sometimes called the “Louisiana Company”), which was the successor by merger to LOUISIANA POWER & LIGHT COMPANY, a corporation of the State of Florida (hereinafter sometimes called the “Florida Company”), whose post office address is 446 North Boulevard, Baton Rouge, Louisiana 70802, and THE BANK OF NEW YORK MELLON, a New York banking corporation (successor to THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK) whose principal office is located at 101 Barclay Street, New York, New York 10286 (hereinafter sometimes called “Trustee”), as Trustee under the Mortgage and Deed of Trust, dated as of April 1, 1944 (hereinafter called the “Mortgage”), which Mortgage was executed and delivered by the Florida Company to secure the payment of bonds issued or to be issued under and in accordance with the provisions of the Mortgage, reference to which Mortgage is hereby made, this Indenture (hereinafter called the “Seventy-second Supplemental Indenture and Mortgage”) being supplemental thereto;

WHEREAS, the Mortgage was recorded in various Parishes in the State of Louisiana, which Parishes (other than Acadia Parish) are the same Parishes in which this Seventy-second Supplemental Indenture and Mortgage is to be recorded; and

WHEREAS, by the Mortgage, the Florida Company covenanted that it would execute and deliver such supplemental indenture or indentures and such further instruments and do such further acts as might be necessary or proper to carry out more effectually the purposes of the Mortgage and to make subject to the lien of the Mortgage any property thereafter acquired and intended to be subject to the lien thereof; and

WHEREAS, the Florida Company executed and delivered the following supplemental indentures:

Designation	Dated as of
First Supplemental Indenture	March 1, 1948
Second Supplemental Indenture	November 1, 1950
Third Supplemental Indenture	September 1, 1953
Fourth Supplemental Indenture	October 1, 1954
Fifth Supplemental Indenture	January 1, 1957
Sixth Supplemental Indenture	April 1, 1960
Seventh Supplemental Indenture	June 1, 1964
Eighth Supplemental Indenture	March 1, 1966
Ninth Supplemental Indenture	February 1, 1967
Tenth Supplemental Indenture	September 1, 1967
Eleventh Supplemental Indenture	March 1, 1968
Twelfth Supplemental Indenture	June 1, 1969
Thirteenth Supplemental Indenture	December 1, 1969
Fourteenth Supplemental Indenture	November 1, 1970
Fifteenth Supplemental Indenture	April 1, 1971
Sixteenth Supplemental Indenture	January 1, 1972
Seventeenth Supplemental Indenture	November 1, 1972
Eighteenth Supplemental Indenture	June 1, 1973
Nineteenth Supplemental Indenture	March 1, 1974
Twentieth Supplemental Indenture	November 1, 1974

which supplemental indentures were recorded in various Parishes in the State of Louisiana; and

WHEREAS, the Florida Company was merged into the Louisiana Company on February 28, 1975, and the Louisiana Company thereupon executed and delivered a Twenty-first Supplemental Indenture, dated as of March 1, 1975, pursuant to which the Louisiana Company, among other things, assumed and agreed duly and punctually to pay the principal of and interest on the bonds at the time issued and outstanding under the Mortgage, as then supplemented, in accordance with the provisions of said bonds and of any appurtenant coupons and of the Mortgage as so supplemented, and duly and punctually to observe, perform and fulfill all of the covenants and conditions of the Mortgage, as so supplemented, to be kept or performed by the Florida Company, and said Twenty-first Supplemental Indenture was recorded in various Parishes in the State of Louisiana; and

WHEREAS, the Louisiana Company has succeeded to and has been substituted for the Florida Company under the Mortgage with the same effect as if it had been named as mortgagor corporation therein; and

WHEREAS, the Louisiana Company executed and delivered the following supplemental indentures:

Designation	Dated as of
Twenty-second Supplemental Indenture	September 1, 1975
Twenty-third Supplemental Indenture	December 1, 1976
Twenty-fourth Supplemental Indenture	January 1, 1978
Twenty-fifth Supplemental Indenture	July 1, 1978
Twenty-sixth Supplemental Indenture	May 1, 1979
Twenty-seventh Supplemental Indenture	November 1, 1979
Twenty-eighth Supplemental Indenture	December 1, 1980
Twenty-ninth Supplemental Indenture	April 1, 1981
Thirtieth Supplemental Indenture	December 1, 1981
Thirty-first Supplemental Indenture	March 1, 1983
Thirty-second Supplemental Indenture	September 1, 1983
Thirty-third Supplemental Indenture	August 1, 1984
Thirty-fourth Supplemental Indenture	November 1, 1984
Thirty-fifth Supplemental Indenture	December 1, 1984
Thirty-sixth Supplemental Indenture	December 1, 1985
Thirty-seventh Supplemental Indenture	April 1, 1986
Thirty-eighth Supplemental Indenture	November 1, 1986
Thirty-ninth Supplemental Indenture	May 1, 1988
Fortieth Supplemental Indenture	December 1, 1988
Forty-first Supplemental Indenture	April 1, 1990
Forty-second Supplemental Indenture	June 1, 1991
Forty-third Supplemental Indenture	April 1, 1992
Forty-fourth Supplemental Indenture	July 1, 1992
Forty-fifth Supplemental Indenture	December 1, 1992
Forty-sixth Supplemental Indenture	March 1, 1993
Forty-seventh Supplemental Indenture	May 1, 1993
Forty-eighth Supplemental Indenture	December 1, 1993
Forty-ninth Supplemental Indenture	July 1, 1994
Fiftieth Supplemental Indenture	September 1, 1994
Fifty-first Supplemental Indenture	March 1, 1996
Fifty-second Supplemental Indenture	March 1, 1998
Fifty-third Supplemental Indenture	March 1, 1999
Fifty-fourth Supplemental Indenture	June 1, 1999
Fifty-fifth Supplemental Indenture	May 15, 2000
Fifty-sixth Supplemental Indenture	March 1, 2002
Fifty-seventh Supplemental Indenture	March 1, 2004
Fifty-eighth Supplemental Indenture	October 1, 2004
Fifty-ninth Supplemental Indenture	October 15, 2004
Sixtieth Supplemental Indenture	May 1, 2005
Sixty-first Supplemental Indenture	August 1, 2005
Sixty-second Supplemental Indenture	October 1, 2005
Sixty-third Supplemental Indenture	December 15, 2005

which supplemental indentures were recorded in various Parishes in the State of Louisiana; and

WHEREAS, the Louisiana Company converted into a Texas limited liability company and, pursuant to a Plan of Merger by which the Company and Entergy Louisiana Properties, LLC were created (the “Merger Documents”), underwent a merger by division pursuant to which, among other things, all the Mortgaged and Pledged Property, subject to the Lien of the Mortgage, and all of the rights, obligations and duties of the Louisiana Company under the Mortgage, were allocated to the Company on December 31, 2005, and the Company thereupon executed and delivered a Sixty-fourth Supplemental Indenture, effective as of January 1, 2006, pursuant to which the Company, among other things, assumed and agreed duly and punctually to pay the principal of and interest on the bonds at the time issued and outstanding under the Mortgage, as then supplemented, in accordance with the provisions of said bonds and of any appurtenant coupons and of the Mortgage as so supplemented, and duly and punctually to observe, perform and fulfill all of the covenants and conditions of the Mortgage, as so supplemented, to be kept or performed by the Louisiana Company, and said Sixty-fourth Supplemental Indenture was recorded in various Parishes in the State of Louisiana; and

WHEREAS, effective July 1, 2008, The Bank of New York changed its name to The Bank of New York Mellon; and

WHEREAS, the Company executed and delivered the following supplemental indentures:

Designation	Dated as of
Sixty-fifth Supplemental Indenture	August 1, 2008
Sixty-sixth Supplemental Indenture	November 1, 2009
Sixty-seventh Supplemental Indenture	March 1, 2010
Sixty-eighth Supplemental Indenture	September 1, 2010
Sixty-ninth Supplemental Indenture	October 1, 2010
Seventieth Supplemental Indenture	November 1, 2010
Seventy-first Supplemental Indenture	March 1, 2011

which supplemental indentures were recorded in various Parishes in the State of Louisiana and with the Secretary of State of Texas; and

WHEREAS, in addition to the property described in the Mortgage, as supplemented, the Company has acquired certain other property, rights and interests in property; and

WHEREAS, the Florida Company or the Louisiana Company has heretofore issued, in accordance with the provisions of the Mortgage, as supplemented, the following series of bonds:

Series	Principal Amount Issued	Principal Amount Outstanding
3% Series due 1974	$ 17,000,000	None
3 1/8% Series due 1978	10,000,000	None
3% Series due 1980	10,000,000	None
4% Series due 1983	12,000,000	None
3 1/8% Series due 1984	18,000,000	None
4 ¾% Series due 1987	20,000,000	None
5% Series due 1990	20,000,000	None
4 5/8% Series due 1994	25,000,000	None
5 ¾% Series due 1996	35,000,000	None
5 5/8% Series due 1997	16,000,000	None
6 ½% Series due September 1, 1997	18,000,000	None
7 1/8% Series due 1998	35,000,000	None
9 3/8% Series due 1999	25,000,000	None
9 3/8% Series due 2000	20,000,000	None
7 7/8% Series due 2001	25,000,000	None
7 ½% Series due 2002	25,000,000	None
7 ½% Series due November 1, 2002	25,000,000	None
8% Series due 2003	45,000,000	None
8 ¾% Series due 2004	45,000,000	None
9 ½% Series due November 1, 1981	50,000,000	None
9 3/8% Series due September 1, 1983	50,000,000	None
8 ¾% Series due December 1, 2006	40,000,000	None
9% Series due January 1, 1986	75,000,000	None
10% Series due July 1, 2008	60,000,000	None
10 7/8% Series due May 1, 1989	45,000,000	None
13 ½% Series due November 1, 2009	55,000,000	None
15 ¾% Series due December 1, 1988	50,000,000	None
16% Series due April 1, 1991	75,000,000	None
16 ¼% Series due December 1, 1991	100,000,000	None
12% Series due March 1, 1993	100,000,000	None
13 ¼% Series due March 1, 2013	100,000,000	None
13% Series due September 1, 2013	50,000,000	None
16% Series due August 1, 1994	100,000,000	None
14 ¾% Series due November 1, 2014	55,000,000	None
15 ¼% Series due December 1, 2014	35,000,000	None
14% Series due December 1, 1992	60,000,000	None
14 ¼% Series due December 1, 1995	15,000,000	None
10 ½% Series due April 1, 1993	200,000,000	None
10 3/8% Series due November 1, 2016	280,000,000	None
Series 1988A due September 30, 1988	13,334,000	None
Series 1988B due September 30, 1988	10,000,000	None
Series 1988C due September 30, 1988	6,667,000	None
10.36% Series due December 1, 1995	75,000,000	None
10 1/8% Series due April 1, 2020	100,000,000	None
Environmental Series A due June 1, 2021	52,500,000	None
Environmental Series B due April 1, 2022	20,940,000	None
7.74% Series due July 1, 2002	179,000,000	None
8 ½% Series due July 1, 2022	90,000,000	None
Environmental Series C due December 1, 2022	25,120,000	None
6% Series due March 1, 2000	100,000,000	None
Environmental Series D due May 1, 2023	34,364,000	None
Environmental Series E due December 1,2023	25,991,667	None
Environmental Series F due July 1, 2024	21,335,000	None
Collateral Series 1994-A, due July 2, 2017	117,805,000	109,290,000*
Collateral Series 1994-B, due July 2, 2017	58,865,000	54,630,000*
Collateral Series 1994-C, due July 2, 2017	31,575,000	29,290,000*
8 ¾% Series due March 1, 2026	115,000,000	None
6 ½% Series due March 1, 2008	115,000,000	None
5.80% Series due March 1, 2002	75,000,000	None
Environmental Series G due June 1, 2030	67,200,000	None
8 ½% Series due June 1, 2003	150,000,000	None
7.60% Series due April 1, 2032	150,000,000	None
5.5% Series due April 1, 2019	100,000,000	None
6.4% Series due October 1, 2034	70,000,000	70,000,000
5.09% Series due November 1, 2014	115,000,000	None
4.67% Series due June 1, 2010	55,000,000	None
5.56% Series due September 1, 2015	100,000,000	None
6.3% Series due September 1, 2035	100,000,000	100,000,000
5.83% Series due November 1, 2010	150,000,000	None
6.50% Series due September 1, 2018	300,000,000	300,000,000
5.40% Series due November 1, 2024	$400,000,000	$400,000,000
6.0% Series due March 15, 2040	$150,000,000	$150,000,000
4.44% Series due January 15, 2026	$250,000,000	$250,000,000
Environmental Series H due June 1, 2030	$119,073,000	$119,073,000**
5.875% Series due June 15, 2041	150,000,000	150,000,000
4.80% Series due May 1, 2021	200,000,000	200,000,000

which bonds are also hereinafter sometimes called bonds of the First through Seventy-sixth Series, respectively; and

WHEREAS, Section 120 of the Mortgage provides, among other things, that without the consent of any holders of bonds, the Company and the Trustee, at any time and from time to time, may enter into one or more supplemental indentures, in form satisfactory to the Trustee, in order to subject to the Lien of the Mortgage additional property; and

WHEREAS, the Company now desires to subject to the Lien of the Mortgage additional property described on Schedule A attached hereto and hereby made a part hereof; and

WHEREAS, the execution and delivery by the Company of this Seventy-second Supplemental Indenture and Mortgage has been duly authorized by the Board of Directors of the Company by appropriate Resolutions of said Board of Directors;

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

That the Company, in consideration of the premises and of One Dollar to it duly paid by the Trustee at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and in further evidence of assurance of the estate, title and rights of the Trustee and in order further to secure the payment both of the principal of and interest and premium, if any, on the bonds from time to time issued under the Mortgage, according to their tenor and effect and the performance of all the provisions of the Mortgage (including any instruments supplemental thereto and any modification made as in the Mortgage provided) and of said bonds, hereby grants, bargains, sells, releases, conveys, assigns, transfers, mortgages, hypothecates, affects, pledges, sets over and confirms (subject, however, to Excepted Encumbrances as defined in Section 6 of the Mortgage) unto The Bank of New York Mellon, as Trustee under the Mortgage, and to its successor or successors in said trust, and to said Trustee and its successors and assigns forever, (a) the properties located in Acadia Parish, Louisiana, owned by the Company and described in Schedule A attached hereto and hereby made a part hereof; and (b) all other property, real, personal and mixed, acquired by the Company on or after December 31, 2005 (except any herein or in the Mortgage, as heretofore supplemented, expressly excepted), now owned or, subject to the provisions of Section 87 of the Mortgage, hereafter acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) and wheresoever situated, including (without in anywise limiting or impairing by the enumeration of the same the scope and intent of the foregoing or of any general description contained in this Seventy-second Supplemental Indenture and Mortgage) all lands, power sites, flowage rights, water rights, water locations, water appropriations, ditches, flumes, reservoirs, reservoir sites, canals, raceways, dams, dam sites, aqueducts and all other rights or means for appropriating, conveying, storing and supplying water; all rights-of-way and roads; all plants for the generation of electricity by steam, water and/or other power; all power houses, gas plants, street lighting systems, standards and other equipment incidental thereto, telephone, radio and television systems, air-conditioning systems and equipment incidental thereto, water works, water systems, steam heat and hot water plants, substations, lines, service and supply systems, bridges, culverts, tracks, ice or refrigeration plants and equipment, offices, buildings and other structures and the equipment thereof; all machinery, engines, boilers, dynamos, electric, gas and other machines, regulators, meters, transformers, generators, motors, electrical, gas and mechanical appliances, conduits, cables, water, steam heat, gas or other pipes, gas mains and pipes, service pipes, fittings, valves and connections, pole and transmission lines, wires, cables, tools, implements, apparatus, furniture and chattels; all municipal and other franchises, consents, or permits; all lines for the transmission and distribution of electric current, gas, steam heat or water for any purpose, including towers, poles, wires, cables, pipes, conduits, ducts and all apparatus for use in connection therewith; all real estate, lands, easements, servitudes, licenses, permits, franchises, privileges, rights-of-way and other rights in or relating to real estate or the occupancy of the same and (except as herein or in the Mortgage, as heretofore supplemented, expressly excepted) all the right, title and interest of the Company in and to all other property of any kind or nature appertaining to and/or used and/or occupied and/or enjoyed in connection with any property hereinbefore or in the Mortgage, as heretofore supplemented, described.

TOGETHER WITH all and singular the tenements, hereditaments, prescriptions, servitudes and appurtenances belonging or in any wise appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders and (subject to the provisions of Section 57 of the Mortgage) the tolls, rents, revenues, issues, earnings, income, product and profits thereof, and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof.

IT IS HEREBY AGREED by the Company that, subject to the provisions of Section 87 of the Mortgage, all the property, rights and franchises acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) after the date hereof (except any herein or in the Mortgage, as heretofore supplemented, expressly excepted), shall be and are as fully granted and conveyed hereby and as fully embraced within the lien hereof and the lien of the Mortgage, as if such property, rights and franchises were now owned by the Company and were specifically described herein and conveyed hereby.

PROVIDED THAT the following are not and are not intended to be now or hereafter granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, hypothecated, affected, pledged, set over or confirmed hereunder and are hereby expressly excepted from the lien and operation of this Seventy-second Supplemental Indenture and Mortgage and from the lien and operation of the Mortgage, namely: (1) cash, shares of stock, bonds, notes and other obligations and other securities not hereafter specifically pledged, paid, deposited, delivered or held under the Mortgage or covenanted so to be; (2) merchandise, equipment, materials or supplies held for the purpose of sale in the usual course of business and fuel, oil and similar materials and supplies consumable in the operation of any properties of the Company; rolling stock, buses, motor coaches, automobiles and other vehicles and all aircraft; (3) bills, notes and accounts receivable, judgments, demands and choses in action, and all contracts, leases and operating agreements not specifically pledged under the Mortgage or covenanted so to be; (4) the last day of the term of any lease or leasehold which may hereafter become subject to the lien of the Mortgage; (5) electric energy, gas, ice, and other materials or products generated, manufactured, produced or purchased by the Company for sale, distribution or use in the ordinary course of its business; all timber, minerals, mineral rights and royalties; (6) the Company’s franchise to be a corporation; and (7) any property heretofore released pursuant to any provisions of the Mortgage and not heretofore disposed of by the Company; provided, however, that the property and rights expressly excepted from the lien and operation of the Mortgage in the above subdivisions (2) and (3) shall (to the extent permitted by law) cease to be so excepted in the event and as of the date that either or both of the Trustees or their successor or successors in said trust or a receiver or trustee shall enter upon and take possession of the Mortgaged and Pledged Property in the manner provided in Article XIII of the Mortgage by reason of the occurrence of a Default as defined in Section 65 thereof.

TO HAVE AND TO HOLD ALL such properties, real, personal and mixed, granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, hypothecated, affected, pledged, set over or confirmed by the Company as aforesaid, or intended so to be, unto The Bank of New York Mellon, as Trustee, and its successors and assigns forever.

IN TRUST NEVERTHELESS, for the same purposes and upon the same terms, trusts and conditions and subject to and with the same provisos and covenants as are set forth in the Mortgage, as supplemented, this Seventy-second Supplemental Indenture and Mortgage being supplemental thereto.

AND IT IS HEREBY COVENANTED by the Company that all the terms, conditions, provisos, covenants and provisions contained in the Mortgage, as supplemented, shall affect and apply to the property hereinbefore described and conveyed and to the estate, rights, obligations and duties of the Company and the Trustee and the beneficiaries of the trust with respect to said property, and to the Trustee and its successors as Trustee of said property in the same manner and with the same effect as if said property had been owned by the Florida Company at the time of the execution of the Mortgage, and had been specifically and at length described in and conveyed to said Trustee by the Mortgage as a part of the property therein stated to be conveyed.

The Company further covenants and agrees to and with the Trustee and its successor or successors in said trust under the Mortgage as follows:

ARTICLE I

MAXIMUM INDEBTEDNESS

SECTION 1.   The aggregate principal amount of bonds which may be secured by the Lien of the Mortgage at any one time Outstanding is limited to One Hundred Billion Dollars ($100,000,000,000), subject to the right of the Company to amend the Mortgage, as amended and supplemented, as provided therein.

ARTICLE II

MISCELLANEOUS PROVISIONS

SECTION 2.   Subject to any amendments provided for in this Seventy-second Supplemental Indenture and Mortgage, the terms defined in the Mortgage, as heretofore supplemented, shall, for all purposes of this Seventy-second Supplemental Indenture and Mortgage, have the meanings specified in the Mortgage, as heretofore supplemented.

SECTION 3.   The Trustee hereby accepts the trusts herein declared, provided, created or supplemented and agrees to perform the same upon the terms and conditions herein and in the Mortgage, as heretofore amended, set forth and upon the following terms and conditions:

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Seventy-second Supplemental Indenture and Mortgage or for or in respect of the recitals contained herein, all of which recitals are made by the Company solely. In general, each and every term and condition contained in Article XVII of the Mortgage, as heretofore amended, shall apply to and form part of this Seventy-second Supplemental Indenture and Mortgage with the same force and effect as if the same were herein set forth in full with such omissions, variations and insertions, if any, as may be appropriate to make the same conform to the provisions of this Seventy-second Supplemental Indenture and Mortgage.

SECTION 4.  Whenever in this Seventy-second Supplemental Indenture and Mortgage any of the parties hereto is named or referred to, this shall, subject to the provisions of Articles XVI and XVII of the Mortgage, as heretofore amended, be deemed to include the successors and assigns of such party, and all covenants and agreements in this Seventy-second Supplemental Indenture and Mortgage contained by or on behalf of the Company, or by or on behalf of the Trustee, shall, subject as aforesaid, bind and inure to the respective benefits of the respective successors and assigns of such parties, whether so expressed or not.

SECTION 5.  Nothing in this Seventy-second Supplemental Indenture and Mortgage, expressed or implied, is intended, or shall be construed, to confer upon, or give to, any person, firm or corporation, other than the parties hereto and the holders of the bonds and coupons Outstanding under the Mortgage, any right, remedy or claim under or by reason of this Seventy-second Supplemental Indenture and Mortgage or any covenant, condition, stipulation, promise or agreement hereof, and all the covenants, conditions, stipulations, promises and agreements in this Seventy-second Supplemental Indenture and Mortgage contained by or on behalf of the Company shall be for the sole and exclusive benefit of the parties hereto, and of the holders of the bonds and coupons Outstanding under the Mortgage.

SECTION 6.  It is the intention and it is hereby agreed that, so far as concerns that portion of the Mortgaged and Pledged Property situated within the State of Louisiana, the general language of conveyance contained in this Seventy-second Supplemental Indenture and Mortgage is intended and shall be construed as words of hypothecation and not of conveyance, and that, so far as the said Louisiana property is concerned, this Seventy-second Supplemental Indenture and Mortgage shall be considered as an act of mortgage and pledge under the laws of the State of Louisiana, and the Trustee herein named is named as mortgagee and pledgee in trust for the benefit of itself and of all present and future holders of bonds and coupons issued and to be issued under the Mortgage, and is irrevocably appointed special agent and representative of the holders of the bonds and coupons issued and to be issued under the Mortgage and vested with full power in their behalf to effect and enforce the mortgage and pledge hereby constituted for their benefit, or otherwise to act as herein provided for.

SECTION 7.  This Seventy-second Supplemental Indenture and Mortgage shall be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

 

*  All of which provide equity support for the Owner-Participants in the Waterford 3 Sale-Leaseback transaction and bear no interest.

 

** All of which are currently held by the Trustee for the benefit of the holders of $115,000,000 in aggregate principal amount of Louisiana Public Facilities Authority 5% Revenue Bonds (Entergy Louisiana, LLC Project) Series 2010 and bear no interest.

IN WITNESS WHEREOF, ENTERGY LOUISIANA, LLC has caused its company name to be hereunto affixed, and this instrument to be signed and sealed by its President or one of its Vice Presidents, and its company seal to be attested by its Secretary or one of its Assistant Secretaries, for and in its behalf, and THE BANK OF NEW YORK MELLON, in token of its acceptance of the trust hereby created, has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by one of its Vice Presidents, Senior Associates or Associates and its corporate seal to be attested by one of its Vice Presidents, Senior Associates, or Associates all as of the day and year first above written.

ENTERGY LOUISIANA, LLC

By:/s/ Steven C. McNeal                                                      

Name:  Steven C. McNeal

Title:  Vice President and Treasurer

Attest:

By:/s/ Dawn A. Abuso                                                

Name: Dawn A. Abuso

Title:   Assistant Secretary

Executed, sealed and delivered by

ENTERGY LOUISIANA, LLC

in the presence of:

/s/ Leah W. Dawsey                                                   

Name: Leah W. Dawsey

/s/ Shannon K. Ryerson                                                   

Name: Shannon K. Ryerson

THE BANK OF NEW YORK MELLON

As Successor Trustee

By:/s/ Scott I. Klein                                           

Name:  SCOTT I. KLEIN

Title: VICE PRESIDENT

Attest:

By:/s/ Timothy Casey                                           

Name:  TIMOTHY CASEY

Title: VICE PRESIDENT

Executed, sealed and delivered by

THE BANK OF NEW YORK MELLON                                                                                                                                [SEAL]

in the presence of:

/s/ Denise Piazza                                           

Name:  Denise Piazza

/s/ Mary Miselis                                           

Name:  MARY MISELIS

            VICE PRESIDENT

STATE OF LOUISIANA

                                                    } ss.:

PARISH OF ORLEANS

On this 2d day of June, 2011, before me appeared STEVEN C. MCNEAL, to me personally known, who, being by me duly sworn, did say that he is Vice President and Treasurer of ENTERGY LOUISIANA, LLC, and that the seal affixed to the above instrument is the seal of said entity and that said instrument was signed and sealed in behalf of said entity by authority of its Board of Directors, and said STEVEN C. MCNEAL, acknowledged said instrument to be the free act and deed of said entity.

On the 2d day of June, 2011 before me personally came STEVEN C. MCNEAL, to me known, who, being by me duly sworn, did depose and say that he resides at 8043 Winner’s Circle, Mandeville, Louisiana 70448; that he is Vice President and Treasurer of ENTERGY LOUISIANA, LLC, one of the entities described in and which executed the above instrument; that he knows the seal of said entity; that the seal affixed to said instrument is such seal, that it was so affixed by order of the Board of Directors of said entity, and that he signed his name thereto by like order.

/s/ Jennifer B. Favalora                                                      

Notary Public

Name: Jennifer B. Favalora

Notary ID Number: 57639

My commission expires: at my death

STATE OF NEW YORK

                                                            } ss.:

COUNTY OF NEW YORK

On this 6th day of June, 2011, before me appeared Scott I. Klein to me personally known or proved to me on the basis of satisfactory evidence and who, being by me duly sworn, did say that he is a Vice President of THE BANK OF NEW YORK MELLON, and that the seal affixed to the above instrument is the corporate seal of said entity and that said instrument was signed and sealed in behalf of said entity by authority of its Board of Directors, and said Scott I. Klein acknowledged said instrument to be the free act and deed of said entity.

On the 6th day of June, 2011, before me personally came Timothy Casey, to me personally known or proved to me on the basis of satisfactory evidence and who, being by me duly sworn, did depose and say that he/she resides in Williston Park, NY; that he is a Vice President of THE BANK OF NEW YORK MELLON, one of the entities described in and which executed the above instrument; that he/she knows the seal of said entity; that the seal affixed to said instrument is such seal, that it was so affixed by order of the Board of Directors of said entity, and that he/she signed his/her name thereto by like order.

/s/ Dwayne Latimore                                                                           

Notary Public, State of New York

No. 01LA6234980

Qualified in Kings                      County

Commission Expires Jan. 31, 2015                                                                

Schedule A

Description of Real Property to be added to the Mortgaged and Pledged Property

The Company’s right, title and interest in and to

I.           the following described property, and all privileges, licenses, rights of way, servitudes, easements and all other appurtenances thereto, together with buildings, fixtures, component parts, other construction and improvements located thereon:

That certain tract or parcel of land located in Acadia Parish, Louisiana, designated as Tract “PB-2” as shown on the “Map Showing Subdivision of Acadia Power Partners, LLC Property into Tracts ‘CF-1’, ‘PB-1’ & ‘PB-2’, located in Section 58, Township 7 South, Range 1 East, Southwest Land District, Acadia Parish, Louisiana, for Cleco Power, LLC and Acadia Power Partners, LLC”, prepared by David L. Patterson, P.L.S., dated July 24, 2009, revised February 15, 2010, a copy of which is filed of record as Entry No. 801791, (the “Subdivision Plat”) together with all of the buildings, improvements, structures and other constructions situated on such land and all of the rights, ways, privileges, servitudes, appurtenances thereto belonging or in anywise appertaining.  Said Tract “PB-2” is located and has such dimensions as shown on the said Subdivision Plat and as reflected on the Subdivision Plat, said Tract “PB-2” contains 6.38 acres (hereinafter said immovable property transferred referred to as “Power Block 2”).

Said property being a portion of the same land comprising 61.5 acres acquired by Acadia Power Partners, LLC, from Acadia Power Holdings, LLC, by Act of Sale dated effective July 14, 2000, recorded in COB G-58, Folio 718, Entry No. 687862 of the official records of Acadia Parish, Louisiana.

II.           an undivided 50% ownership interest in and to the following described property:

A. That certain tract or parcel of land located in Acadia Parish, Louisiana, and designated as Tract “CF-1” as shown on the “Map Showing Subdivision of Acadia Power Partners, LLC Property into Tracts ‘CF-1’, ‘PB-1’ & ‘PB-2’, located in Section 58, Township 7 South, Range 1 East, Southwest Land District, Acadia Parish, Louisiana, for Cleco Power, LLC and Acadia Power Partners, LLC”, prepared by David L. Patterson, P.L.S., dated July 24, 2009, revised February 15, 2010, a copy of which is filed of record as Entry No. 801791, (the “Subdivision Plat”), together with all of the buildings, improvements, structures and other constructions situated on such land and all of the rights, ways, privileges, servitudes, appurtenances thereto belonging or in anywise appertaining.  Said Tract “CF-1”is located and has such dimensions as shown on the Subdivision Plat and as reflected as said Subdivision Plat Tract “CF-1” contains 48.56 acres.

Said property being a portion of the same land comprising 61.5 acres acquired by Acadia Power Partners, LLC from Acadia Power Holdings, LLC, by Act of Sale dated effective July 14, 2000, recorded in COB G-58, Folio 718, Entry No. 687862 of the official records of Acadia Parish, Louisiana.

and

B. That certain tract or parcel of land located in Acadia Parish, Louisiana, designated as the “85.12 Acre Tract Acadia Power Partners, LLC Property” as shown on that “Map Showing ALTA/ACSM Land Title Survey of 85.12 Acre Tract Acadia Power Partners, LLC Property, formerly the Leander Bryan Frey Estate located in Sections 18 & 58, T-7-S, R-1-E & Section 47, T-7-5, R-1-W, Southwest Land  District, Acadia Parish, Louisiana, for Cleco Power, LLC, by David L. Patterson, P.L.S., dated July 14, 2009 (hereinafter the “Pond Tract Survey”), attached to Act recorded as Entry No. 801794, together with all buildings, improvements, structures and other constructions situated on such land and all of the rights, ways, privileges, servitudes, appurtenances thereto belonging or in anywise appertaining (the “Pond Tract”).  Said Pond Tract is located and has such dimensions as shown on the Pond Tract Survey and as reflected on the Pond Tract Survey, the “85.12 Acre Tract Acadia Power Partners, LLC Property” contains 85.12 acres.

Being the same land acquired by Acadia Power Partners, LLC from Leander B. Frey by Act of Cash Sale dated September 24 and 30, 2000, recorded as Entry No. 704747.

(hereinafter both of the above described immovable properties A & B may be referred to as “Common Facilities Property”).

III.           an undivided 50% interest and non-exclusive right of use and enjoyment of the following rights of way and/or servitudes:

1.	Non-exclusive Predial Servitude for Road Right of Way and Passage from Jo Ann Bollich Frey, Cynthia Ann Frey Fontenot Hollier, Catherine (Katherine) Susan Frey Deaville, Earlene Marie Frey Lejeune, Larry Anthony Frey, Harriet Ann Frey Myers Young, Edna Gail Frey Granger, Robert Joseph Frey, Melissa Ann Frey Fontenot Lavergne, Stephen Anthony Frey, Patrick Joseph Frey and Reginald Lawrence Frey, Jr. to Acadia Power Partners LLC, dated August 3, 2000, registered as Instrument No. 676964 in Acadia Parish (partial assignment).
2.	Non-exclusive rights under Assignment by Entergy Gulf States, Inc. (f/k/a Gulf States Utilities Company) to Acadia Power Partners, LLC, dated March 1, 2001 (partial assignment), registered in Book M58, page 6, as Instrument No. 692132 in Acadia Parish.
3.	Non-exclusive right to those servitudes and/or rights of way initially acquired by Acadia Partners Pipeline, LLC, and partially assigned to Acadia Power Partners, LLC by Act of Transfer dated February 23, 2010, recorded as Instrument No. 801796 of the official records of Acadia Parish, Louisiana, which servitudes and/or rights of way are listed on Exhibit “A” to said Act of Transfer.
4.	Non-Exclusive Predial Servitude Rights pursuant to Grants and/or  Destination of Servitudes and Rights of Use Agreement among Acadia Power Partners, LLC and Power Block 1, LLC, recorded February 25, 2010, registered as Instrument No. 801792, (the “Joint Servitude Agreement”), covering the following property: TRACTPB-1 That certain tract or parcel of land located in Acadia Parish, Louisiana, designated as “Tract “PB-1” as shown on the “Map Showing Subdivision of Acadia Power Partners, LLC Property into Tracts ‘CF-1’, ‘PB-1’ & ‘PB-2’, located in Section 58, Township 7 South, Range 1 East, Southwest Land District, Acadia Parish, Louisiana, for Cleco Power, LLC and Acadia Power Partners, LLC”, prepared by David L. Patterson, P.L.S., dated July 24, 2009, a copy of which is filed of record as Entry No. 801791, (the “Subdivision Plat”).  Said Tract “PB-1” is located and has such dimensions as shown on the said Subdivision Plat and as reflected on the Subdivision Plat, said Tract “PB-1” contains 6.38 acres. Said property being a portion of the same land comprising 61.5 acres acquired by Acadia Power Partners, LLC, from Acadia Power Holdings, LLC, by Act of Sale dated effective July 14, 2000, recorded in COB G-58, Folio 718, Entry No. 687862 of the official records of Acadia Parish, Louisiana.
5.	Non-Exclusive Predial Servitude Rights pursuant to Grants and/or  Destination of Servitudes and Rights of Use Agreement among Acadia Power Partners, LLC and Power Block 1, LLC, February 25, 2010, registered as Entry No. 801792, (the “Joint Servitude Agreement”), covering the other co-owner’s 50% co-ownership interest in the following described property:  (Tract “CF-1” and the Pond Tract). TRACT CF-1 That certain tract or parcel of land located in Acadia Parish, Louisiana, and designated as Tract “CF-1” as shown on the “Map Showing Subdivision of Acadia Power Partners, LLC Property into Tracts ‘CF-1’, ‘PB-1’ & ‘PB-2’, located in Section 58, Township 7 South, Range 1 East, Southwest Land District, Acadia Parish, Louisiana, for Cleco Power, LLC and Acadia Power Partners, LLC”, prepared by David L. Patterson, P.L.S., dated July 24, 2009, a copy of which is filed of record as Entry No. 801791.  Said Tract “CF-1”is located and has such dimensions as shown on the Subdivision Plat and as reflected as said Subdivision Plat Tract “CF-1” contains 48.56 acres. Said property being a portion of the same land comprising 61.5 acres acquired by Acadia Power Partners, LLC, from Acadia Power Holdings, LLC, by Act of Sale dated effective July 14, 2000, recorded in COB G-58, Folio 718, Entry No. 687862 of the official records of Acadia Parish, Louisiana. and POND TRACT That certain tract or parcel of land located in Acadia Parish, Louisiana, designated as the “85.12 Acre Tract Acadia Power Partners, LLC Property” as shown on that “Map Showing ALTA/ACSM Land Title Survey of 85.12 Acre Tract Acadia Power Partners, LLC Property, formerly the Leander Bryan Frey Estate located in Sections 18 & 58, T-7-S, R-1-E & Section 47, T-7-5, R-1-W, Southwest Land  District, Acadia Parish, Louisiana, for Cleco Power, LLC, by David L. Patterson, P.L.S., dated July 14, 2009 (hereinafter the “Pond Tract Survey”), attached to Act recorded as Entry No. 801794, (the “Pond Tract”).    Said Pond Tract is located and has such dimensions as shown on the Pond Tract Survey and as reflected on the Pond Tract Survey, the “85.12 Acre Tract Acadia Power Partners, LLC Property” contains 85.12 acres. Being the same land acquired by Acadia Power Partners, LLC from Leander B. Frey by Act of Cash Sale dated September 24 and 30, 2000, recorded as Entry No. 704747.

and

IV.           an undivided fifty percent (50%) ownership interest in the following described rights-of-way, permits and servitudes (herein referred to as the “Pipeline Property”):

GAS PIPELINE RIGHTS-OF-WAY AND SERVITUDES ACADIA PARISH LOUISIANA

	RECORDING DATA	DOCUMENT TYPE	GRANTOR	GRANTEE
1	9/24/2001	Servitude for Appurtenance	Acadia Power Partners, LLC	Acadia Partners
	K58/721	Site		Pipeline, LLC
2	9/24/01	Pipeline R-O-W Permit	Acadia Power Partners, LLC	Acadia Partners
	K58/718			Pipeline, LLC
3	7/23/01	Pipeline R-O-W Permit	Leander B. Frey	Acadia Partners
	H58/581			Pipeline, LLC
4	7/23/2001	Pipeline R-O-W Permit	Julius Elwood Bischoff	Acadia Partners
	H58/584			Pipeline, LLC
5	7/23/2001	Pipeline R-O-W Permit	Paul F. Siebert, Mark Perkins	Acadia Partners
	H58/589		and Larry W. Siebert	Pipeline, LLC
6	7/23/2001	Pipeline R-O-W Permit	Louis Heinen and Marie L.	Acadia Partners
	H58/592		Heinen	Pipeline, LLC
7	7/23/2001	Pipeline R-O-W Permit	Lawrence Perkins	Acadia Partners
	H58/595			Pipeline, LLC
8	7/23/2001	Pipeline R-O-W Permit	Michael Wayne Bourgeois	Acadia Partners
	H58/598			Pipeline, LLC
9	3/5/2001	Pipeline R-O-W Grant	The State of Louisiana	Acadia Partners
	Z57/550			Pipeline, LLC
10	7/23/2001	Pipeline R-O-W Permit	(Leroy J. David Trust "B”),	Acadia Partners
	H58/605		Marcia Ann, David Cooper	Pipeline, LLC
11	7/23/2001	Pipeline R-O-W Permit	(Leroy J. David Trust "B"),	Acadia Partners
	H58/608		Carole Joan,David Jones	Pipeline, LLC
12	7/23/2001	Pipeline R-0-W Permit	(Leroy J. David Trust "B"),	Acadia Partners
	H58/612		Adeline Koe David	Pipeline, LLC
13	7/23/2001	Pipeline R-O-W Permit	Margaret McGee Fels	Acadia Partners
	H58/602			Pipeline, LLC
14	7/23/2001	Pipeline R-O-W Permit	Will David Frey	Acadia Partners
	H58/615			Pipeline, LLC
15	7/23/2001	Pipeline R-O-W Permit	Ory Living Trust	Acadia Partners
	H58/618			Pipeline, LLC
16	7/23/2001	Pipeline R-O-W Permit	Doniven C. Frey	Acadia Partners
	H58/624			Pipeline, LLC
17	7/23/2001	Pipeline R-O-W Permit	Judy Frey Hundley	Acadia Partners
	H58/621			Pipeline, LLC
18	7/23/2001	Pipeline R-O-W Permit	Reginald W. Zaunbrecher et ux	Acadia Partners
	H58/627		et al	Pipeline, LLC
19	9/24/01	R-O-W Permit for Pipelines	Arnold Ledoux Farms, Inc.	Acadia Partners
	K58/707	and Valve Site		Pipeline, LLC
20	9/24/01	Servitude for Appurtenance	Arnold Ledoux Farms, Inc.	Acadia Partners
	K58/715	Sites		Pipeline, LLC
21 a.	N/A	Pipeline R-O-W Permit #444 (Buckhorn Road)	Acadia Parish Police Jury, Parish of Acadia, Louisiana	CLE Intrastate Pipeline Co., Inc.
21 b.	2/10/10	Assignment (of 21a)	CLE Intrastate Pipeline Co.,	Acadia Partners
	801390		Inc.	Pipeline, LLC

Description of Fixtures, Equipment and Other Personal Property to be added to the Mortgaged and Pledged Property

The Company’s right, title and interest in and to

·   two gas-fired combined-cycle power blocks located on the Power Block 2, with two (2) Siemens-Westinghouse combustion turbine-generators and related heat recovery steam generator and steam turbine, and related auxiliary equipment, including all fixtures, machinery, equipment, and other tangible movable property that is located on such real property, including assets temporarily off-site for repair or other purposes or being shipped to such location;

·   all fixtures, machinery, equipment, leased personal property and other tangible movable property that is located on the Common Facilities Property, including assets temporarily off-site for repair or other purposes or being shipped to such location; and

·   all fixtures, machinery, equipment, and other tangible movable property that is located on the real property covered by the Pipeline Property, including assets used or to be used for such purpose and temporarily off-site for repair or other purposes or being shipped to such location.

EX-10

Exhibit 10(b)

Entergy Corporation Outside Director Stock Program

Established under the 2011 Equity Ownership and Long Term Cash Incentive Plan

of Entergy Corporation and Subsidiaries

1.   General

This Entergy Corporation Outside Director Stock Program (“Program”) is being establishedpursuant to Article X of the 2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries (the “Plan”), the terms of which are incorporated into the Program.  References in this Program to any specific Plan provision do not limit the applicability of any other Plan provision. This Program shall be effective as of May 6, 2011 or such other date as the Plan shall be approved by the shareholders of Entergy (the “Effective Date”) and shall, along with the terms of the Plan, govern Awards granted after the Effective Date.  Capitalized terms used in this Program have the meanings assigned to them in the Plan.  As of the Effective Date, this Program shall supersede and replace the Entergy Corporation Outside Director Stock Program established under the 2007 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries as Amended and Restated Effective January 1, 2009.

2.   Purpose

The purpose of the Program is to promote the interests of Entergy Corporation (the “Company”) and its shareholders by attracting and retaining Outside Directors of outstanding ability and enabling Outside Directors to participate in the long-term growth and financial success of the Company.

3.   Eligibility

The only persons eligible to participate in the Program are Outside Directors.

4.   Administration

Pursuant to Article IV of the Plan, the Board of Directors of the Company shall administer the Plan with respect to any Award granted to an Outside Director; provided, however, that the Board of Directors may delegate its authority to administer the Program to any committee or subcommittee of the Board of Directors which is comprised solely of Outside Directors.

5.           Quarterly Stock Awards

5.1. Quarterly Stock Awards.  Subject to the provisions of Section 3.2 of the Plan and Sections 6 and 7 of the Program, each Outside Director shall receive 150 shares of Common Stock (“Quarterly Stock Award”) on an Award Date (as defined in Section 5.3 below) for serving as an Outside Director during the entire calendar quarter ending on, or immediately prior to, such Award Date.

5.2. Consideration.  Each Quarterly Stock Award is granted in exchange for services rendered during the calendar quarter ending on, or immediately prior to, the Award Date and does not require the payment of consideration.

5.3. Award Dates.  The Quarterly Stock Awards will be granted as of the following dates or, if the date is a day on which the New York Stock Exchange (“NYSE”) is not open for trading, the next succeeding NYSE trading day (each an “Award Date”):

·   May 31

·   August 31

·   November 30

·   February 28

5.4. Proration.  If an Outside Director serves as an Outside Director for less than the full calendar quarter, the number of shares of Common Stock awarded to the Outside Director shall be calculated by multiplying (a) 150 by (b) the fraction that results from dividing the number of days the individual served as an Outside Director during the applicable calendar quarter by 90 days.

5.5. Employment by System Company.  If an Outside Director subsequently becomes an employee of a System Company while remaining a member of the Board, the former Outside Director’s participation in the Program will be terminated effective immediately upon his or her employment by the System Company.  The change in the Outside Director’s employment status shall have no effect on Quarterly Stock Awards granted prior to his or her employment by a System Company; provided that the former Outside Director shall be entitled to a pro rata Award for such calendar quarter in accordance with Section 5.4 of the Program.

5.6. Taxes.  If required by applicable law, the Outside Director shall pay to the Company any amount necessary to satisfy applicable federal, state or local tax withholding requirements attributable to the Quarterly Stock Awards promptly upon notification of the amounts due. If required to pay withholding taxes, the Outside Director may elect to pay such taxes from the shares of Common Stock that otherwise would be distributed to such Outside Director, or from a combination of cash and shares of Common Stock.  As provided in Section 12.2 of the Plan, Common Stock related to that portion of an Award utilized for the payment of withholding taxes shall not again be available for Awards under the Plan.

5.7. Delivery.  The Company may deliver shares of Common Stock representing a Quarterly Stock Award by book-entry credit to the account of the Outside Director or by the delivery of certificated shares.  The Company may affix to these shares any legend that the Company determines to be necessary or advisable.

6.           Deferral

In lieu of taking delivery of shares of CommonStock on an Award Date, an Outside Director may elect to defer the receipt of such Quarterly Stock Award to a subsequent calendar year provided that he or she files an irrevocable written deferral notice with the Board of Directors no later than the 31st day of December of the calendar year immediately preceding the calendar year in which the services are rendered to which the Award Date relates.  Accordingly, such a deferral notice must be filed by December 31 for the Award Dates immediately following on the next May 31, August 31, and November 30 of the immediately following year and on February 28 of the second calendar year immediately following the year in which the deferral notice is filed.  Quarterly Stock Awards deferred pursuant to this Section 6 shall be deferred as equity units which shall have the value equivalent of one (1) share of Common Stock.  Equity units do not represent actual shares of Common Stock and no shares of Common Stock will be purchased or acquired for the payout of any Quarterly Stock Award deferred under this Program.  Each Outside Director’s deferred equity units shall be credited to a bookkeeping account maintained by Entergy with respect to such Outside Director’s deferrals.

The Outside Director’s written deferral election must specify the date on which the deferred equity units will be paid (“Payment Date”), which Payment Date must be no earlier than January 2nd of the third calendar year immediately following the end of the calendar year in which the deferral election is made.  Quarterly Stock Awards deferred pursuant to this section shall accrue dividend equivalents, which dividend equivalents will be paid on the Payment Date together with interest calculated at an annual rate based upon the 52 week Treasury bill rate as in effect on the first business day of each year. On each Payment Date, equity units deferred and elected to be paid out on such date shall be paid in cash based upon the closing price of Entergy Common Stock on the New York Stock Exchange as of the close of business on the Payment Date plus accrued dividend equivalent rights and interest or if such Payment Date is a day on which the NYSE is not open for trading, the closing price of Entergy Common Stock on the next succeeding NYSE trading day.

All deferral rights or provisions contained in this Program shall be subject to all conditions, restraints and limitations as may from time to time be imposed by the Plan, including, without limitation, any amendments to such Plan made pursuant to Section 409A of the Internal Revenue Code and any and all regulations and guidance released thereunder.  Such limitation will restrict the ability of an Outside Director to accelerate the distribution of any deferred Quarterly Stock Awards together with other restrictions.

7.   Miscellaneous

The Board of Directors reserves the right at any time to amend the terms and conditions set forth in this Program to the extent permitted under the Plan.  Further, the Program is intended to comply with the applicable requirements of Code Section 409A and the regulations thereunder and shall be administered in accordance with Section 409A and the regulations thereunder to the extent the program is subject thereto.  To the extent that any provision of the Program would conflict with the requirements of Section 409A and the regulations thereunder or would cause the administration of the Program to fail to satisfy such requirements, such provision shall be deemed null and void to the extent permitted by applicable law.

EX-12.A

						Exhibit 12(a)
Entergy Arkansas, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
						30-Jun
	2006	2007	2008	2009	2010	2011
Total Interest Charges	$85,809	$91,740	$87,732	$92,340	$91,598	$88,262
Interest applicable to rentals	11,145	10,919	20,687	14,440	6,612	6,657
Total fixed charges, as defined	96,954	102,659	108,419	106,780	98,210	94,919
Preferred dividends, as defined (a)	10,041	11,104	20,957	15,275	11,310	10,965
Combined fixed charges and preferred dividends, as defined	$106,995	$113,763	$129,376	$122,055	$109,520	$105,884
Earnings as defined:
Net Income	$173,154	$139,111	$47,152	$66,875	$172,618	$177,870
Add:
Provision for income taxes:
Total	56,824	85,638	96,623	81,756	112,944	113,542
Fixed charges as above	96,954	102,659	108,419	106,780	98,210	94,919
Total earnings, as defined	$326,932	$327,408	$252,194	$255,411	$383,772	$386,331
Ratio of earnings to fixed charges, as defined	3.37	3.19	2.33	2.39	3.91	4.07
Ratio of earnings to combined fixed charges and
preferred dividends, as defined	3.06	2.88	1.95	2.09	3.50	3.65
------------------------
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
requirement by one hundred percent (100%) minus the income tax rate.

EX-12.B

						Exhibit 12(b)
Entergy Gulf States Louisiana, L.L.C.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
						30-Jun
	2006	2007	2008	2009	2010	2011
Fixed charges, as defined:
Total Interest charges	$149,780	$163,409	$131,197	$118,243	$101,318	$88,293
Interest applicable to rentals	8,928	8,773	9,197	3,767	2,204	2,749
Total fixed charges, as defined	158,708	172,182	140,394	122,010	103,522	91,042
Preferred dividends, as defined (a)	5,969	6,514	1,151	1,306	1,344	$1,287
Combined fixed charges and preferred dividends, as defined	$164,677	$178,696	$141,545	$123,316	$104,866	$92,329
Earnings as defined:
Income from continuing operations before extraordinary items and
the cumulative effect of accounting changes	$211,988	$192,779	$144,767	$153,047	$190,738	$215,482
Add:
Income Taxes	107,067	123,701	57,197	89,185	75,878	79,711
Fixed charges as above	158,708	172,182	140,394	122,010	103,522	91,042
Total earnings, as defined	$477,763	$488,662	$342,358	$364,242	$370,138	$386,235
Ratio of earnings to fixed charges, as defined	3.01	2.84	2.44	2.99	3.58	4.24
Ratio of earnings to combined fixed charges and
preferred dividends, as defined	2.90	2.73	2.42	2.95	3.53	4.18
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
requirement by one hundred percent (100%) minus the income tax rate.

EX-12.C

						Exhibit 12(c)
Entergy Louisiana, LLC
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Distributions
						30-Jun
	2006	2007	2008	2009	2010	2011
Fixed charges, as defined:
Total Interest	$92,216	$85,729	$94,310	$103,671	$119,484	$117,630
Interest applicable to rentals	4,833	7,074	12,099	6,810	4,103	3,968
Total fixed charges, as defined	$97,049	$92,803	$106,409	$110,481	123,587	121,598
Preferred distributions, as defined (a)	10,906	10,998	10,067	8,295	11,297	11,963
Combined fixed charges and preferred distributions, as defined	$107,955	$103,801	$116,476	$118,776	$134,884	$133,561
Earnings as defined:
Net Income	$137,618	$143,337	$157,543	$232,845	$231,435	$248,745
Add:
Provision for income taxes:
Total Taxes	78,338	83,494	70,648	45,050	66,546	60,981
Fixed charges as above	97,049	92,803	106,409	110,481	123,587	121,598
Total earnings, as defined	$313,005	$319,634	$334,600	$388,376	$421,568	$431,324
Ratio of earnings to fixed charges, as defined	3.23	3.44	3.14	3.52	3.41	3.55
Ratio of earnings to combined fixed charges and
preferred distributions, as defined	2.90	3.08	2.87	3.27	3.13	3.23
(a) "Preferred distributions," as defined by SEC regulation S-K, are computed by dividing the preferred distribution
requirement by one hundred percent (100%) minus the income tax rate.

EX-12.D

						Exhibit 12(d)
Entergy Mississippi, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
						30-Jun
	2006	2007	2008	2009	2010	2011
Fixed charges, as defined:
Total Interest	$51,216	$47,020	$46,888	$51,282	$55,774	$55,080
Interest applicable to rentals	1,427	1,577	1,638	1,959	1,921	2,083
Total fixed charges, as defined	$52,643	$48,597	$48,526	$53,241	57,695	57,163
Preferred dividends, as defined (a)	4,373	4,144	4,402	4,370	4,583	4,796
Combined fixed charges and preferred dividends, as defined	$57,016	$52,741	$52,928	$57,611	$62,278	$61,959
Earnings as defined:
Net Income	$52,285	$72,106	$59,710	$77,636	$83,687	$79,367
Add:
Provision for income taxes:
Total income taxes	28,567	35,850	33,240	42,323	49,064	50,664
Fixed charges as above	52,643	48,597	48,526	53,241	57,695	57,163
Total earnings, as defined	$133,495	$156,553	$141,476	$173,200	$190,446	$187,194
Ratio of earnings to fixed charges, as defined	2.54	3.22	2.92	3.25	3.30	3.27
Ratio of earnings to combined fixed charges and
preferred dividends, as defined	2.34	2.97	2.67	3.01	3.06	3.02
------------------------
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
requirement by one hundred percent (100%) minus the income tax rate.

EX-12.E

						Exhibit 12(e)
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
						30-Jun
	2006	2007	2008	2009	2010	2011
Fixed charges, as defined:
Total Interest	$19,329	$21,497	$20,982	$16,965	$13,170	$11,130
Interest applicable to rentals	527	407	444	593	751	789
Total fixed charges, as defined	19,856	21,904	21,426	17,558	13,921	11,919
Preferred dividends, as defined (a)	2,501	1,745	1,602	1,454	1,569	1,666
Combined fixed charges and preferred dividends, as defined	$22,357	$23,649	$23,028	$19,012	$15,490	$13,585
Earnings as defined:
Net Income	$5,344	$24,582	$34,947	$31,025	31,005	31,070
Add:
Provision for income taxes:
Total	5,051	13,506	23,052	15,713	16,527	19,098
Fixed charges as above	19,856	21,904	21,426	17,558	13,921	11,919
Total earnings, as defined	$30,251	$59,992	$79,425	$64,296	$61,453	$62,087
Ratio of earnings to fixed charges, as defined	1.52	2.74	3.71	3.66	4.41	5.21
Ratio of earnings to combined fixed charges and
preferred dividends, as defined	1.35	2.54	3.45	3.38	3.97	4.57
------------------------
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
requirement by one hundred percent (100%) minus the income tax rate.

EX-12.F

						Exhibit 12(f)
Entergy Texas, Inc.
Computation of Ratios of Earnings to Fixed Charges
						30-Jun
	2006	2007	2008	2009	2010	2011
Fixed charges, as defined:
Total Interest	$70,479	$85,250	$80,197	$106,163	$95,272	$91,111
Interest applicable to rentals	2,356	3,572	2,760	3,069	3,178	3,478
Total fixed charges, as defined	72,835	88,822	82,957	109,232	98,450	$94,589
Earnings as defined:
Net Income	$54,137	$58,921	$57,895	$66,474	$66,200	$70,272
Add:
Provision for income taxes:
Total	27,325	36,249	28,118	34,282	42,383	42,998
Fixed charges as above	72,835	88,822	82,957	109,232	98,450	94,589
Total earnings, as defined	$154,297	$183,992	$168,970	$209,988	$207,033	$207,859
Ratio of earnings to fixed charges, as defined	2.12	2.07	2.04	1.92	2.10	2.20

EX-12.G

						Exhibit 12(g)
System Energy Resources, Inc.
Computation of Ratios of Earnings to Fixed Charges
						30-Jun
	2006	2007	2008	2009	2010	2011
Fixed charges, as defined:
Total Interest	$59,931	$57,117	$56,667	$47,570	$51,912	$48,317
Interest applicable to rentals	3,914	4,463	9,057	5,885	634	615
Total fixed charges, as defined	$63,845	$61,580	$65,724	$53,455	$52,546	$48,932
Earnings as defined:
Net Income	$140,258	$136,081	$91,067	$48,908	$82,624	$82,891
Add:
Provision for income taxes:
Total	54,529	45,447	59,494	96,901	56,049	54,219
Fixed charges as above	63,845	61,580	65,724	53,455	52,546	48,932
Total earnings, as defined	$258,632	$243,108	$216,285	$199,264	$191,219	$186,042
Ratio of earnings to fixed charges, as defined	4.05	3.95	3.29	3.73	3.64	3.80

EX-31.A

Exhibit 31(a)

CERTIFICATIONS

	I, J. Wayne Leonard, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ J. Wayne Leonard

J. Wayne Leonard

Chairman and Chief Executive Officer

of Entergy Corporation

Date:           August 5, 2011

EX-31.B

Exhibit 31(b)

CERTIFICATIONS

	I, Leo P. Denault, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Corporation;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Leo P. Denault

Leo P. Denault

Executive Vice President and Chief Financial Officer

of Entergy Corporation

Date:           August 5, 2011

EX-31.C

Exhibit 31(c)

CERTIFICATIONS

	I, Hugh T. McDonald, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Arkansas, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Hugh T. McDonald

Hugh T. McDonald

Chairman, President, and Chief Executive Officer

of Entergy Arkansas, Inc.

Date:           August 5, 2011

EX-31.D

Exhibit 31(d)

CERTIFICATIONS

	I, Theodore H. Bunting, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Arkansas, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Arkansas, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-31.E

Exhibit 31(e)

CERTIFICATIONS

	I, William M. Mohl, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Gulf States Louisiana, L.L.C.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ William M. Mohl

William M. Mohl

Chairman, President, and Chief Executive Officer

of Entergy Gulf States Louisiana, L.L.C.

Date:           August 5, 2011

EX-31.F

Exhibit 31(f)

CERTIFICATIONS

	I, Theodore H. Bunting, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Gulf States Louisiana, L.L.C.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Gulf States Louisiana, L.L.C.

(acting principal financial officer)

Date:           August 5, 2011

EX-31.G

Exhibit 31(g)

CERTIFICATIONS

	I, William M. Mohl, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Louisiana, LLC;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ William M. Mohl

William M. Mohl

Chairman, President, and Chief Executive Officer

of Entergy Louisiana, LLC

Date:           August 5, 2011

EX-31.H

Exhibit 31(h)

CERTIFICATIONS

	I, Theodore H. Bunting, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Louisiana, LLC;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Louisiana, LLC

(acting principal financial officer)

Date:           August 5, 2011

EX-31.I

Exhibit 31(i)

CERTIFICATIONS

	I, Haley R. Fisackerly, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Mississippi, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Haley R. Fisackerly

Haley R. Fisackerly

Chairman, President, and Chief Executive Officer

 of Entergy Mississippi, Inc.

Date:           August 5, 2011

EX-31.J

Exhibit 31(j)

CERTIFICATIONS

	I, Theodore H. Bunting, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Mississippi, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Mississippi, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-31.K

Exhibit 31(k)

CERTIFICATIONS

	I, Charles L. Rice, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy New Orleans, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Charles L. Rice, Jr.

Charles L. Rice, Jr.

Chairman, President and Chief Executive Officer

of Entergy New Orleans, Inc.

Date:           August 5, 2011

EX-31.L

Exhibit 31(l)

CERTIFICATIONS

	I, Theodore H. Bunting, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy New Orleans, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Theodore H. Bunting, Jr.  

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy New Orleans, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-31.M

Exhibit 31(m)

CERTIFICATIONS

	I, Joseph F. Domino, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Texas, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Joseph F. Domino

Joseph F. Domino

Chairman, President, and Chief Executive Officer

of Entergy Texas, Inc.

Date:           August 5, 2011

EX-31.N

Exhibit 31(n)

CERTIFICATIONS

	I, Theodore H. Bunting, Jr., certify that:
1.	I have reviewed this quarterly report on Form 10-Q of Entergy Texas, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Texas, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-31.O

Exhibit 31(o)

CERTIFICATIONS

	I, John T. Herron, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of System Energy Resources, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ John T. Herron

John T. Herron

Chairman, President, and Chief Executive Officer

of System Energy Resources, Inc.

Date:           August 5, 2011

EX-31.P

Exhibit 31(p)

CERTIFICATIONS

	I, Wanda C. Curry, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of System Energy Resources, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

/s/ Wanda C. Curry

Wanda C. Curry

Vice President and Chief Financial Officer

of System Energy Resources, Inc.

Date:           August 5, 2011

EX-32.A

Exhibit 32(a)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, J. Wayne Leonard, Chairman and Chief Executive Officer of Entergy Corporation (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ J. Wayne Leonard

J. Wayne Leonard

Chairman and Chief Executive Officer

of Entergy Corporation

Date:           August 5, 2011

EX-32.B

Exhibit 32(b)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Leo P. Denault, Executive Vice President and Chief Financial Officer of Entergy Corporation (the “Company”), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Leo P. Denault

Leo P. Denault

Executive Vice President and Chief Financial Officer

of Entergy Corporation

Date:           August 5, 2011

EX-32.C

Exhibit 32(c)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Hugh T. McDonald, Chairman, President, and Chief Executive Officer of Entergy Arkansas, Inc. (the “Company”), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Hugh T. McDonald

Hugh T. McDonald

Chairman, President, and Chief Executive Officer

of Entergy Arkansas, Inc.

Date:           August 5, 2011

EX-32.D

Exhibit 32(d)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,Theodore H. Bunting, Jr., Senior Vice President and Chief Accounting Officer of Entergy Arkansas, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Arkansas, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-32.E

Exhibit 32(e)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,William M. Mohl, Chairman, President, and Chief Executive Officer of Entergy Gulf States Louisiana, L.L.C. (the “Company”), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ William M. Mohl

William M. Mohl

Chairman, President, and Chief Executive Officer

of Entergy Gulf States Louisiana, L.L.C.

Date:           August 5, 2011

EX-32.F

Exhibit 32(f)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,Theodore H. Bunting, Jr., Senior Vice President and Chief Accounting Officer of Entergy Gulf States Louisiana, L.L.C. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Gulf States Louisiana, L.L.C.

(acting principal financial officer)

Date:           August 5, 2011

EX-32.G

Exhibit 32(g)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,William M. Mohl, Chairman, President, and Chief Executive Officer of Entergy Louisiana, LLC (the “Company”), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ William M. Mohl

William M. Mohl

Chairman, President, and Chief Executive Officer

of Entergy Louisiana, LLC

Date:           August 5, 2011

EX-32.H

Exhibit 32(h)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,Theodore H. Bunting, Jr., Senior Vice President and Chief Accounting Officer of Entergy Louisiana, LLC (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Louisiana, LLC

(acting principal financial officer)

Date:           August 5, 2011

EX-32.I

Exhibit 32(i)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Haley R. Fisackerly, Chairman, President, and Chief Executive Officer of Entergy Mississippi, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Haley R. Fisackerly

Haley R. Fisackerly

Chairman, President, and Chief Executive Officer

of Entergy Mississippi, Inc.

Date:           August 5, 2011

EX-32.J

Exhibit 32(j)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,Theodore H. Bunting, Jr., Senior Vice President and Chief Accounting Officer of Entergy Mississippi, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Mississippi, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-32.K

Exhibit 32(k)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Charles L. Rice, Jr., Chairman, President and Chief Executive Officer of Entergy New Orleans, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Charles L. Rice, Jr.

Charles L. Rice, Jr.

Chairman, President and Chief Executive Officer

of Entergy New Orleans, Inc.

Date:           August 5, 2011

EX-32.L

Exhibit 32(l)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,Theodore H. Bunting, Jr., Senior Vice President and Chief Accounting Officer of Entergy New Orleans, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy New Orleans, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-32.M

Exhibit 32(m)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Joseph F. Domino, Chairman, President, and Chief Executive Officer of Entergy Texas, Inc. (the “Company”), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Joseph F. Domino

Joseph F. Domino

Chairman, President, and Chief Executive Officer

of Entergy Texas, Inc.

Date:           August 5, 2011

EX-32.N

Exhibit 32(n)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I,Theodore H. Bunting, Jr., Senior Vice President and Chief Accounting Officer of Entergy Texas, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Theodore H. Bunting, Jr.

Theodore H. Bunting, Jr.

Senior Vice President and Chief Accounting Officer

of Entergy Texas, Inc.

(acting principal financial officer)

Date:           August 5, 2011

EX-32.O

Exhibit 32(o)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, John T. Herron, Chairman, President, and Chief Executive Officer of System Energy Resources, Inc. (the “Company”), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ John T. Herron

John T. Herron

Chairman, President, and Chief Executive Officer

of System Energy Resources, Inc.

Date:           August 5, 2011

EX-32.P

Exhibit 32(p)

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Wanda C. Curry, Vice President and Chief Financial Officer of System Energy Resources, Inc. (the "Company"), certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2011 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods presented in the Report.

/s/ Wanda C. Curry

Wanda C. Curry

Vice President and Chief Financial Officer

of System Energy Resources, Inc.

Date:           August 5, 2011

XML



Property, Plant and Equipment (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Mar. 31, 2011	Jun. 30, 2011
Business Acquisition [Line Items]
Ownership interest percentage in facility's common assets		50.00%
Property Plant and Equipment (Textuals) [Abstract]
Generating units		580
Number of combined cycle gas fired generating units		2
Percentage of equity interest purchased		100.00%
Ownership interest in the facility's common assets		$ 300
Net carrying value of plant		415
Construction expenditures included in accounts payable		109.5
Additional Renewal Period Of License	20
Impairment of Vermont Yankee		$ 0
Cleco Power [Member]
Business Acquisition [Line Items]
Ownership interest percentage in facility's common assets		50.00%

XML



Risk Management and Fair Values

6 Months Ended

Jun. 30, 2011

Risk Management and Fair Values [Abstract]

RISK MANAGEMENT AND FAIR VALUES

NOTE 8. RISK MANAGEMENT AND FAIR VALUES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Market and Commodity Risks

     In the normal course of business, Entergy is exposed to a number of market and commodity risks. Market risk is the potential loss that Entergy may incur as a result of changes in the market or fair value of a particular instrument or commodity. All financial and commodity-related instruments, including derivatives, are subject to market risk. Entergy is subject to a number of commodity and market risks, including:

Type of Risk	Affected Businesses
Power price risk	Utility, Entergy Wholesale Commodities
Fuel price risk	Utility, Entergy Wholesale Commodities
Foreign currency exchange rate risk	Entergy Wholesale Commodities
Equity price and interest rate risk — investments	Utility, Entergy Wholesale Commodities

     Entergy manages a portion of these risks using derivative instruments, some of which are classified as cash flow hedges due to their financial settlement provisions while others are classified as normal purchase/normal sales transactions due to their physical settlement provisions. Normal purchase/normal sale risk management tools include power purchase and sales agreements, fuel purchase agreements, capacity contracts, and tolling agreements. Financially-settled cash flow hedges can include natural gas and electricity futures, forwards, swaps, and options; foreign currency forwards; and interest rate swaps. Entergy has entered into financially settled option contracts to manage market risk under certain hedging transactions, which may or may not be designated as hedging instruments. Entergy enters into derivatives only to manage natural risks inherent in its physical or financial assets or liabilities.

     Entergy manages fuel price volatility for its Louisiana jurisdictions (Entergy Gulf States Louisiana, Entergy Louisiana, and Entergy New Orleans) and Entergy Mississippi primarily through the purchase of short-term natural gas swaps. These swaps are marked-to-market with offsetting regulatory assets or liabilities. The notional volumes of these swaps are based on a portion of projected annual exposure to gas for electric generation and projected winter purchases for gas distribution at Entergy Gulf States Louisiana and Entergy New Orleans.

     Entergy’s exposure to market risk is determined by a number of factors, including the size, term, composition, and diversification of positions held, as well as market volatility and liquidity. For instruments such as options, the time period during which the option may be exercised and the relationship between the current market price of the underlying instrument and the option’s contractual strike or exercise price also affects the level of market risk. A significant factor influencing the overall level of market risk to which Entergy is exposed is its use of hedging techniques to mitigate such risk. Entergy manages market risk by actively monitoring compliance with stated risk management policies as well as monitoring the effectiveness of its hedging policies and strategies. Entergy’s risk management policies limit the amount of total net exposure and rolling net exposure during the stated periods. These policies, including related risk limits, are regularly assessed to ensure their appropriateness given Entergy’s objectives.

Derivatives

     The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of June 30, 2011 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$120 million	($19) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$41 million	($30) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$24 million	($23) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$47 million	($30) million	Entergy Wholesale Commodities

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives not designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$15 million	($11) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$5 million	($5) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$7 million	($7) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$4 million	($4) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$2 million	$-	Utility

     The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2010 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$160 million	($7) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$82 million	($29) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$5 million	($5) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$47 million	($30) million	Entergy Wholesale Commodities

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives not designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$2 million	$-	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$14 million	($8) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$2 million	($2 million)	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$7 million	($7) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$2 million	$-	Utility

(a) The balances of derivative assets and liabilities in these tables are presented gross. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented on the Entergy Consolidated Balance Sheets on a net basis in accordance with accounting guidance for Derivatives and Hedging.

     The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the three months ended June 30, 2011 and 2010 are as follows:

			Amount of gain
	Amount of gain (loss)		reclassified from
	recognized in OCI		accumulated OCI into
Instrument	(effective portion)	Income Statement location	income (effective portion)
2011
Electricity forwards, swaps and options	$19 million	Competitive businesses operating revenues	$32 million
2010
Electricity forwards, swaps and options	($71) million	Competitive businesses operating revenues	$67 million

     The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the six months ended June 30, 2011 and 2010 are as follows:

			Amount of gain
	Amount of gain (loss)		reclassified from
	recognized in OCI		accumulated OCI into
Instrument	(effective portion)	Income Statement location	income (effective portion)
2011
Electricity forwards, swaps and options	($54) million	Competitive businesses operating revenues	$61 million
2010
Electricity forwards, swaps and options	$197 million	Competitive businesses operating revenues	$103 million

     Electricity over-the-counter swaps that financially settle against day-ahead power pool prices are used to manage price exposure for Entergy Wholesale Commodities generation. Based on market prices as of June 30, 2011, cash flow hedges relating to power sales totaled $90 million of net unrealized gains. Approximately $96 million are expected to be reclassified from accumulated other comprehensive income (OCI) to operating revenues in the next twelve months. The actual amount reclassified from accumulated OCI could vary, however, due to future changes in market prices. Gains totaling approximately $32 million and $67 million were realized on the maturity of cash flow hedges, before taxes of $11 million and $23 million, for the three months ended June 30, 2011 and 2010, respectively. Gains totaling approximately $61 million and $103 million were realized on the maturity of cash flow hedges, before taxes of $21 million and $36 million, for the six months ended June 30, 2011 and 2010, respectively. Unrealized gains or losses recorded in OCI result from hedging power output at the Entergy Wholesale Commodities power plants. The related gains or losses from hedging power are included in operating revenues when realized. The maximum length of time over which Entergy is currently hedging the variability in future cash flows with derivatives for forecasted power transactions at June 30, 2011 is approximately 3.5 years. Planned generation currently sold forward from Entergy Wholesale Commodities power plants is 96% for the remaining two quarters of 2011, of which approximately 46% is sold under financial derivatives and the remainder under normal purchase/sale contracts. The change in the value of Entergy’s cash flow hedges due to ineffectiveness during the three and six months ended June 30, 2011 and 2010 was insignificant. Certain of the agreements to sell the power produced by Entergy Wholesale Commodities power plants contain provisions that require an Entergy subsidiary to provide collateral to secure its obligations when the current market prices exceed the contracted power prices. The primary form of collateral to satisfy these requirements is an Entergy Corporation guaranty. As of June 30, 2011, hedge contracts with four counterparties were in a liability position (approximately $9 million total), but were significantly below the amount of the guarantee provided under the contract and no cash collateral was required. If the Entergy Corporation credit rating falls below investment grade, the effect of the corporate guarantee is ignored and Entergy would have to post collateral equal to the estimated outstanding liability under the contract at the applicable date. Entergy may effectively liquidate a cash flow hedge instrument by entering into a contract offsetting the original hedge, and then de-designating the original hedge in this situation. Gains or losses accumulated in OCI prior to de-designation continue to be deferred in OCI until they are included in income as the original hedged transaction occurs. From the point of de-designation, the gains or losses on the original hedge and the offsetting contract are recorded as assets or liabilities on the balance sheet and offset as they flow through to earnings.

     Natural gas over-the-counter swaps that financially settle against NYMEX futures are used to manage fuel price volatility for the Utility’s Louisiana and Mississippi customers. All benefits or costs of the program are recorded in fuel costs. The total volume of natural gas swaps outstanding as of June 30, 2011 is 31,620,000 MMBtu for Entergy, 8,210,000 MMBtu for Entergy Gulf States Louisiana, 13,670,000 MMBtu for Entergy Louisiana, and 9,170,000 MMBtu for Entergy Mississippi, and 570,000 MMBtu for Entergy New Orleans. Credit support for these natural gas swaps is covered by master agreements that do not require collateralization based on mark-to-market value, but do carry adequate assurance language that may lead to collateralization requests.

     The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the three months ended June 30, 2011 and 2010 is as follows:

	Amount of gain (loss)	Income Statement	Amount of gain (loss)
Instrument	recognized in OCI	location	recorded in income
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($9) million
Electricity forwards, swaps and options de-designated as hedged items	($4) million	Competitive business operating revenues	$4 million
2010
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	$22 million
Electricity forwards, swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	$—

     The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the six months ended June 30, 2011 and 2010 is as follows:

	Amount of gain	Income Statement	Amount of gain (loss)
Instrument	recognized in OCI	location	recorded in income
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($12) million
Electricity forwards, swaps and options de-designated as hedged items	$6 million	Competitive business operating revenues	$6 million
2010
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($63) million
Electricity forwards, swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	$—

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

     The fair values of the Registrant Subsidiaries’ derivative instruments on their balance sheets as of June 30, 2011 are as follows:

Instrument	Balance Sheet Location	Fair Value	Registrant
Derivatives not designated as hedging instruments
Liabilities:
Natural gas swaps	Other current liabilities	$0.4 million	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$0.6 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.3 million	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.1 million	Entergy New Orleans

     The fair values of the Registrant Subsidiaries’ derivative instruments on their balance sheets as of December 31, 2010 are as follows:

Instrument	Balance Sheet Location	Fair Value	Registrant
Derivatives not designated as hedging instruments
Assets:
Natural gas swaps	Prepayments and other	$0.3 million	Entergy Mississippi
Liabilities:
Natural gas swaps	Other current liabilities	$1.0 million	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$0.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.5 million	Entergy New Orleans

     The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their statements of income for the three months ended June 30, 2011 and 2010 are as follows:

		Amount of gain
		(loss) recorded
Instrument	Statement of Income Location	in income	Registrant
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.3) million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9) million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.8) million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.1) million	Entergy New Orleans
2010
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.9 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$9.2 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$8.2 million	Entergy Mississippi

     The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their statements of income for the six months ended June 30, 2011 and 2010 are as follows:

		Amount of
		loss recorded
Instrument	Statement of Income Location	in income	Registrant
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.2) million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($5.0) million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5) million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9) million	Entergy New Orleans
2010
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.3) million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($27.0) million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($19.6) million	Entergy Mississippi

Fair Values

     The estimated fair values of Entergy’s financial instruments and derivatives are determined using bid prices, market quotes, and financial modeling. Considerable judgment is required in developing the estimates of fair value. Therefore, estimates are not necessarily indicative of the amounts that Entergy could realize in a current market exchange. Gains or losses realized on financial instruments other than forward energy contracts held by competitive businesses are reflected in future rates and therefore do not accrue to the benefit or detriment of shareholders. Entergy considers the carrying amounts of most financial instruments classified as current assets and liabilities to be a reasonable estimate of their fair value because of the short maturity of these instruments.

     Accounting standards define fair value as an exit price, or the price that would be received to sell an asset or the amount that would be paid to transfer a liability in an orderly transaction between knowledgeable market participants at the date of measurement. Entergy and the Registrant Subsidiaries use assumptions or market input data that market participants would use in pricing assets or liabilities at fair value. The inputs can be readily observable, corroborated by market data, or generally unobservable. Entergy and the Registrant Subsidiaries endeavor to use the best available information to determine fair value.

     Accounting standards establish a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy establishes the highest priority for unadjusted market quotes in an active market for the identical asset or liability and the lowest priority for unobservable inputs. The three levels of the fair value hierarchy are:

• Level 1 — Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access at the measurement date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of individually owned common stocks, cash equivalents, debt instruments, and gas hedge contracts.

• Level 2 — Level 2 inputs are inputs other than quoted prices included in Level 1 that are, either directly or indirectly, observable for the asset or liability at the measurement date. Assets are valued based on prices derived by independent third parties that use inputs such as benchmark yields, reported trades, broker/dealer quotes, and issuer spreads. Prices are reviewed and can be challenged with the independent parties and/or overridden by Entergy if it is believed such would be more reflective of fair value. Level 2 inputs include the following:

— quoted prices for similar assets or liabilities in active markets;

— quoted prices for identical assets or liabilities in inactive markets;

— inputs other than quoted prices that are observable for the asset or liability; or

— inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 2 consists primarily of individually owned debt instruments or shares in common trusts. Common trust funds are stated at estimated fair value based on the fair market value of the underlying investments.

• Level 3 — Level 3 inputs are pricing inputs that are generally less observable or unobservable from objective sources. These inputs are used with internally developed methodologies to produce management’s best estimate of fair value for the asset or liability. Level 3 consists primarily of derivative power contracts used as cash flow hedges of power sales at merchant power plants.

The values for the cash flow hedges that are recorded as derivative contract assets or liabilities are based on both observable inputs including public market prices and unobservable inputs such as model-generated prices for longer-term markets and are classified as Level 3 assets and liabilities. The amounts reflected as the fair value of derivative assets or liabilities are based on the estimated amount that the contracts are in-the-money at the balance sheet date (treated as an asset) or out-of-the-money at the balance sheet date (treated as a liability) and would equal the estimated amount receivable or payable by Entergy if the contracts were settled at that date. These derivative contracts include cash flow hedges that swap fixed for floating cash flows for sales of the output from Entergy’s Entergy Wholesale Commodities business. The fair values are based on the mark-to-market comparison between the fixed contract prices and the floating prices determined each period from a combination of quoted forward power market prices for the period for which such curves are available, and model-generated prices using quoted forward gas market curves and estimates regarding heat rates to convert gas to power and the costs associated with the transportation of the power from the plants’ bus bar to the contract’s point of delivery, generally a power market hub, for the period thereafter. The differences between the fixed price in the swap contract and these market-related prices multiplied by the volume specified in the contract and discounted at the counterparties’ credit adjusted risk free rate are recorded as derivative contract assets or liabilities. As of June 30, 2011, Entergy had in-the-money derivative contracts with a fair value of $107 million with counterparties or their guarantor who are all currently investment grade. $9 million of the derivative contracts as of June 30, 2011 are out-of-the-money contracts supported by corporate guarantees, which would require additional cash or letters of credit in the event of a decrease in Entergy Corporation’s credit rating to below investment grade.

     The following table sets 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, 2011 and December 31, 2010. The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	435	$	—	$	—	$	435
Decommissioning trust funds (a):
Equity securities		401		1,803		—		2,204
Debt securities		581		990		—		1,571
Power contracts		—		—		116		116
Securitization recovery trust account		34		—		—		34
Storm reserve escrow account		332		—		—		332
	$	1,783	$	2,793	$	116	$	4,692
Liabilities:
Gas hedge contracts	$	2	$	—	$	—	$	2
Power contracts		—		—		18		18
	$	2	$	—	$	18	$	20

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	1,218	$	—	$	—	$	1,218
Decommissioning trust funds (a):
Equity securities		387		1,689		—		2,076
Debt securities		497		1,023		—		1,520
Power contracts		—		—		214		214
Securitization recovery trust account		43		—		—		43
Storm reserve escrow account		329		—		—		329
	$	2,474	$	2,712	$	214	$	5,400
Liabilities:
Power contracts	$	—	$	—	$	17	$	17
Gas hedge contracts		2		—		—		2
	$	2	$	—	$	17	$	19

     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, 2011 and 2010:

	2011			2010
	(In Millions)
Balance as of beginning of period	$	104		$	432
Unrealized gains/(losses) from price changes		9			(68	)
Unrealized gains/(losses) on originations		17			—
Realized losses on settlements		(32	)		(67	)
Balance as of June 30,	$	98		$	297

     The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2011 and 2010:

	2011			2010
	(In Millions)
Balance as of January 1,	$	197		$	200
Unrealized gains/(losses) from price changes		(53	)		193
Unrealized gains/(losses) on originations		15			7
Realized losses on settlements		(61	)		(103	)
Balance as of June 30,	$	98		$	297

     The following table sets forth, by level within the fair value hierarchy, the Registrant Subsidiaries’ assets that are accounted for at fair value on a recurring basis as of June 30, 2011 and December 31, 2010. 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.

Entergy Arkansas

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	4.9	$	—	$	—	$	4.9
Decommissioning trust funds (a):
Equity securities		1.3		341.5		—		342.8
Debt securities		60.6		147.6		—		208.2
Securitization recovery trust account		2.9		—		—		2.9
	$	69.7	$	489.1	$	—	$	558.8

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	101.9	$	—	$	—	$	101.9
Decommissioning trust funds (a):
Equity securities		3.4		316.3		—		319.7
Debt securities		41.4		159.7		—		201.1
Securitization recovery trust account		2.4		—		—		2.4
	$	149.1	$	476.0	$	—	$	625.1

Entergy Gulf States Louisiana

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	37.7	$	—	$	—	$	37.7
Decommissioning trust funds (a):
Equity securities		4.5		248.2		—		252.7
Debt securities		37.5		127.9		—		165.4
Storm reserve escrow account		90.2		—		—		90.2
	$	169.9	$	376.1	$	—	$	546.0
Liabilities:
Gas hedge contracts	$	0.4	$	—	$	—	$	0.4

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	154.9	$	—	$	—	$	154.9
Decommissioning trust funds (a):
Equity securities		3.8		231.1		—		234.9
Debt securities		32.2		126.5		—		158.7
Storm reserve escrow account		90.1		—		—		90.1
	$	281.0	$	357.6	$	—	$	638.6
Liabilities:
Gas hedge contracts	$	1.0	$	—	$	—	$	1.0

Entergy Louisiana

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities	$	3.4	$	152.2	$	—	$	155.6
Debt securities		44.3		54.8		—		99.1
Storm reserve escrow account		201.1		—		—		201.1
	$	248.8	$	207.0	$	—	$	455.8
Liabilities:
Gas hedge contracts	$	0.6	$	—	$	—	$	0.6

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	122.5	$	—	$	—	$	122.5
Decommissioning trust funds (a):
Equity securities		1.3		142.6		—		143.9
Debt securities		45.7		50.9		—		96.6
Storm reserve escrow account		201.0		—		—		201.0
	$	370.5	$	193.5	$	—	$	564.0
Liabilities:
Gas hedge contracts	$	0.4	$	—	$	—	$	0.4

Entergy Mississippi

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Storm reserve escrow account	$	31.9	$	—	$	—	$	31.9
Liabilities:
Gas hedge contracts	$	0.3	$	—	$	—	$	0.3

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Gas hedge contracts	$	0.3	$	—	$	—	$	0.3
Storm reserve escrow account		31.9		—		—		31.9
	$	32.2	$	—	$	—	$	32.2

Entergy New Orleans

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	15.5	$	—	$	—	$	15.5
Storm reserve escrow account		9.0		—		—		9.0
	$	24.5	$	—	$	—	$	24.5
Liabilities:
Gas hedge contracts	$	0.1	$	—	$	—	$	0.1

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	53.6	$	—	$	—	$	53.6
Storm reserve escrow account		6.0		—		—		6.0
	$	59.6	$	—	$	—	$	59.6
Liabilities:
Gas hedge contracts	$	0.5	$	—	$	—	$	0.5

Entergy Texas

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Securitization recovery trust account	$	31.0	$	—	$	—	$	31.0

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	33.6	$	—	$	—	$	33.6
Securitization recovery trust account		40.6		—		—		40.6
	$	74.2	$	—	$	—	$	74.2

System Energy

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	67.7	$	—	$	—	$	67.7
Decommissioning trust funds (a):
Equity securities		0.8		241.0		—		241.8
Debt securities		103.4		72.3		—		175.7
	$	171.9	$	313.3	$	—	$	485.2

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	262.9	$	—	$	—	$	262.9
Decommissioning trust funds (a):
Equity securities		3.1		220.9		—		224.0
Debt securities		95.7		68.2		—		163.9
	$	361.7	$	289.1	$	—	$	650.8

(a) The decommissioning trust funds hold equity and fixed income securities. Equity securities are invested to approximate the returns of major market indexes. Fixed income securities are held in various governmental and corporate securities with an average coupon rate of 4.23%. See Note 9 for additional information on the investment portfolios.

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Consolidated net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Prepaid taxes and taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provisions for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Nuclear fuel purchases	(403,168)		(218,829)
Payment for purchase of plant	(299,590)
Proceeds from sale of assets and businesses			9,675
Changes in securitization account	9,106		(22,528)
NYPA value sharing payment	(72,000)		(72,000)
Payments to storm reserve escrow account	(3,294)		(3,030)
Receipts from storm reserve escrow account			9,925
Decrease (increase) in other investments	(42,994)		55,430
Proceeds from nuclear decommissioning trust fund sales	636,359		1,487,387
Investment in nuclear decommissioning trust funds	(699,530)		(1,531,275)
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
Proceeds from the issuance of:
Long-term debt	1,075,180		525,789
Common stock and treasury stock	16,958		8,716
Retirement of long-term debt	(555,940)		(774,772)
Repurchase of common stock	(159,602)		(137,749)
Changes in credit borrowings - net	15,960		17,123
Dividends paid:
Common stock	(296,355)		(298,796)
Preferred stock	(10,031)		(10,033)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Effect of exchange rates on cash and cash equivalents	(310)		762
Net decrease in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid/(received) during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	$ 77		$ 26,054

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Consolidated Balance Sheets (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Securitization recovery trust account	33,938	43,044
Accounts receivable:
Customer	693,937	602,796
Allowance for doubtful accounts	(31,002)	(31,777)
Other	162,190	161,662
Accrued unbilled revenues	377,977	302,901
Total accounts receivable	1,203,102	1,035,582
Deferred fuel costs	111,444	64,659
Accumulated deferred income taxes	6,975	8,472
Fuel inventory - at average cost	212,982	207,520
Materials and supplies - at average cost	869,341	866,908
Deferred nuclear refueling outage costs	287,282	218,423
System agreement cost equalization	66,351	52,160
Prepaid taxes	304,617	301,807
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity	44,172	40,697
Decommissioning trust funds	3,775,026	3,595,716
Non-utility property - at cost (less accumulated depreciation)	260,614	257,847
Other	412,090	405,946
TOTAL	4,491,902	4,300,206
PROPERTY, PLANT AND EQUIPMENT
Electric	38,179,664	37,153,061
Property under capital lease	790,533	800,078
Natural gas	336,814	330,608
Construction work in progress	1,799,906	1,661,560
Nuclear fuel	1,451,087	1,377,962
TOTAL PROPERTY, PLANT AND EQUIPMENT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
PROPERTY, PLANT AND EQUIPMENT - NET	24,638,853	23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137	845,725
Other regulatory assets (includes securitization property of $852,723 as of June 30, 2011 and $882,346 as of December 31, 2010)	3,736,785	3,838,237
Deferred fuel costs	172,202	172,202
Goodwill	377,172	377,172
Accumulated deferred income taxes	80,910	54,523
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
CURRENT LIABILITIES
Currently maturing long-term debt	128,062	299,548
Notes payable	130,795	154,135
Accounts payable	1,044,217	1,181,099
Customer deposits	345,079	335,058
Accumulated deferred income taxes	99,147	49,307
Interest accrued	178,280	217,685
Deferred fuel costs	15,142	166,409
Obligations under capital leases	3,599	3,388
Pension and other postretirement liabilities	40,235	39,862
System agreement cost equalization	66,351	52,160
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Obligations under capital leases	40,177	42,078
Other regulatory liabilities	578,821	539,026
Decommissioning and asset retirement cost liabilities	3,218,881	3,148,479
Accumulated provisions	390,089	395,250
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt (includes securitization bonds of $895,824 as of June 30, 2011 and $931,131 as of December 31, 2010)	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
Subsidiaries' Preferred stock without sinking fund	216,745	216,738
Common Shareholders' Equity:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 254,752,788 shares in 2011 and in 2010	2,548	2,548
Paid-in capital	5,366,132	5,367,474
Retained earnings	8,957,516	8,689,401
Accumulated other comprehensive loss	(75,156)	(38,212)
Less - treasury stock, at cost (77,919,322 shares in 2011 and 76,006,920 shares in 2010)	5,653,474	5,524,811
Total common shareholders' equity	8,597,566	8,496,400
Subsidiaries' preferred stock without sinking fund	94,000	94,000
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	$ 39,129,761	$ 38,685,276

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Stock-Based Compensation (Details) (Employee Stock Option [Member], USD $) In Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Employee Stock Option [Member]
Employee service share-based compensation, aggregate disclosures
Compensation expense included in Entergy's Net Income	$ 6.8	$ 3.7	$ 9.9	$ 7.6
Tax benefit recognized in Entergy's Net Income	2.6	1.4	3.8	2.9
Compensation cost capitalized as part of fixed assets and inventory as of June 30,			$ 1.9	$ 1.4

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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2011

Property, Plant, and Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT

NOTE 11. PROPERTY, PLANT, AND EQUIPMENT (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Acquisition

     In April 2011, Entergy Louisiana purchased Unit 2 of the Acadia Energy Center, a 580 MW generating unit located near Eunice, Louisiana, from an independent power producer. The Acadia Energy Center, which entered commercial service in 2002, consists of two combined-cycle gas-fired generating units, each nominally rated at 580 MW. Entergy Louisiana purchased 100 percent of Acadia Unit 2 and a 50 percent ownership interest in the facility’s common assets for approximately $300 million. In a separate transaction, Cleco Power acquired Acadia Unit 1 and the other 50 percent interest in the facility’s common assets. Cleco Power will serve as operator for the entire facility. The FERC and the LPSC approved the transaction.

Construction Expenditures in Accounts Payable

     Construction expenditures included in accounts payable at June 30, 2011 are $109.5 million for Entergy, $18.1 million for Entergy Arkansas, $8.7 million for Entergy Gulf States Louisiana, $21.3 million for Entergy Louisiana, $3.1 million for Entergy Mississippi, $0.3 million for Entergy New Orleans, $4.0 million for Entergy Texas, and $19.1 million for System Energy.

Vermont Yankee

     See Impairment of Long-Lived Assets in Note 1 to the financial statements in the Form 10-K, including a discussion of the Vermont Yankee nuclear power plant. Following are updates to that discussion.

     In March 2011 the NRC renewed Vermont Yankee’s operating license for an additional 20 years, as a result of which the license now expires in 2032. In July 2011 the Vermont Department of Public Service and the New England Coalition petitioned the United States Court of Appeals for the District of Columbia seeking a summary reversal of the NRC’s issuance of the renewed operating license alleging that the license had been issued without a valid and effective water quality certification under Section 401 of the Clean Water Act. Entergy has intervened in the proceeding. The current schedule calls for briefing of all summary motions to be complete in September 2011.

     On April 18, 2011, Entergy Nuclear Vermont Yankee, the owner of Vermont Yankee, and Entergy Nuclear Operations, the operator of Vermont Yankee, filed a complaint in the United States District Court for the District of Vermont seeking a declaratory judgment and injunctive relief to prevent the state of Vermont from forcing Vermont Yankee to cease operation on March 21, 2012. Specifically the complaint asserts, in part, the following:

•	Atomic Energy Act Preemption. Under the Supremacy Clause of the U.S. Constitution, the U.S. Supreme Court held in 1983 that a state has no authority over (1) nuclear power plant licensing and operations or (2) the radiological safety of a nuclear power plant. In violation of these legal
	principles, Vermont has asserted that it can shut down a federally licensed and operating nuclear power plant, and that it can regulate the plant based upon Vermont’s safety concerns.
•	Federal Power Act Preemption and the Commerce Clause of the U.S. Constitution. Vermont is prohibited from conditioning post-March 2012 operation of Vermont Yankee on the plant’s agreement to provide power to Vermont utilities at preferential wholesale rates. The Federal Power Act preempts any state interference with the FERC’s exclusive regulation of rates in the wholesale power market. The Commerce Clause of the U.S. Constitution bars a state from discriminatory regulation of private markets that favors in-state over out-of-state residents.

In addition to seeking a declaratory judgment, the complaint also requests a preliminary and permanent injunction enjoining the enforcement of Vermont statutes, regulations, or other laws purporting to regulate the operation and licensing and/or the radiological safety of Vermont Yankee; enjoining Vermont and its officials from undertaking any steps, based on denial of a certificate of public good, to shutdown Vermont Yankee, to prevent Vermont Yankee from delivering power to the interstate grid, or to prohibit the storage at Vermont Yankee of spent nuclear fuel; and enjoining Vermont and its officials from conditioning Vermont Yankee’s continued operation upon Entergy Nuclear Vermont Yankee’s agreement to provide below-market wholesale electricity rates to Vermont retail utilities. On April 22, 2011, Entergy Nuclear Vermont Yankee and Entergy Nuclear Operations filed in the proceeding a motion for a preliminary injunction. A hearing on the motion for a preliminary injunction was held on June 23 and 24, 2011. On July 18, 2011, the court denied Entergy’s motion for preliminary injunction solely on the ground that Entergy had not shown that any irreparable harm it might suffer before the trial on the complaint for a declaratory judgment would be ameliorated or redressed by a preliminary injunction. The court’s preliminary injunction ruling did not decide whether Entergy had shown a likelihood of success on the merits of its preemption claims. A trial on the complaint for a declaratory judgment is currently scheduled for September 2011.

     As discussed further in the Form 10-K, after evaluating various factors, including the progress of the litigation in the U.S. District Court, if Entergy concludes that Vermont Yankee is unlikely to operate significantly beyond its original license expiration date in 2012, it could result in an impairment of part or all of the carrying value of the plant. In preparing its second quarter 2011 financial statements Entergy evaluated these factors and concluded that the carrying value of Vermont Yankee is not impaired as of June 30, 2011. As of June 30, 2011, the net carrying value of the plant, including nuclear fuel, is $415 million.

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Income Statements (ENTERGY MISSISSIPPI, INC.) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges (credits) - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
NET INCOME	320,598	320,283	574,277	[1]	539,097	[1]
Preferred dividend requirements and other	5,015	5,017	10,031		10,033
EARNINGS APPLICABLE TO COMMON STOCK	315,583	315,266	564,246		529,064
Entergy Mississippi
OPERATING REVENUES
Electric	302,263	308,492	591,175		552,050
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	50,564	75,236	131,870		83,289
Purchased power	100,370	83,758	175,504		184,094
Other operation and maintenance	55,339	51,379	103,346		98,780
Taxes other than income taxes	17,391	16,561	34,562		32,609
Depreciation and amortization	23,167	22,275	46,154		44,380
Other regulatory charges (credits) - net	5,083	(4,521)	12,175		18,173
TOTAL	251,914	244,688	503,611		461,325
OPERATING INCOME	50,349	63,804	87,564		90,725
OTHER INCOME
Allowance for equity funds used during construction	2,225	1,708	4,319		3,099
Interest and investment income	16	133	67		321
Miscellaneous - net	(1,283)	25	(1,837)		55
TOTAL	958	1,866	2,549		3,475
INTEREST EXPENSE
Interest expense	15,046	15,493	28,449		29,143
Allowance for borrowed funds used during construction	(1,237)	(953)	(2,402)		(1,729)
TOTAL	13,809	14,540	26,047		27,414
INCOME BEFORE INCOME TAXES	37,498	51,130	64,066		66,786
Income taxes	13,626	16,861	22,924		21,324
NET INCOME	23,872	34,269	41,142		45,462
Preferred dividend requirements and other	707	707	1,414		1,414
EARNINGS APPLICABLE TO COMMON STOCK	$ 23,165	$ 33,562	$ 39,728		$ 44,048

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Decommissioning Trust Funds (Details 1) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Fair value of debt securities by contractual maturities
Less than 1 year	$ 51,000,000		$ 51,000,000		$ 37,000,000
1 year - 5 years	564,000,000		564,000,000		557,000,000
5 years - 10 years	548,000,000		548,000,000		512,000,000
10 years - 15 years	161,000,000		161,000,000		163,000,000
15 years - 20 years	46,000,000		46,000,000		47,000,000
20 years+	201,000,000		201,000,000		204,000,000
Total	1,571,000,000		1,571,000,000		1,520,000,000
Decommissioning Trust Funds (Textuals) [Abstract]
Amortized cost of debt securities	1,508,000,000		1,508,000,000		1,475,000,000
Average coupon rate of debt securities	4.23%		4.23%
Average duration of debt securities	5.16		5.16
Average maturity of debt securities	8.62		8.62
Proceeds from the dispositions of debt securities	144,000,000	716,000,000	636,000,000	1,487,000,000
Gains from dispositions of debt securities, gross	4,000,000	9,000,000	8,000,000	24,000,000
Losses from dispositions of debt securities, gross	1,000,000	2,000,000	6,000,000	4,000,000
Other than temporary impairment losses	0	0	0	0
Deferred taxes on unrealized gains/(losses) recorded in OCI for non-regulated decomm trusts			$ 159,000,000		$ 130,000,000

XML



Document and Entity Information (USD $) In Billions, except Share data	6 Months Ended
	Jun. 30, 2011	Jul. 29, 2011	Jun. 30, 2010
Document and Entity Information [Abstract]
Entity Registrant Name	ENTERGY CORP /DE/
Entity Central Index Key	0000065984
Document Type	10-Q
Document Period End Date	Jun. 30, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 13.40
Entity Common Stock, Shares Outstanding		176,781,300

XML



Retirement and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2011

Retirement and Other Postretirement Benefits [Abstract]

RETIREMENTAND OTHER POSTRETIREMENT BENEFITS

NOTE 6. RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Net Pension Cost

     Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	30,490		$	26,239
Interest cost on projected benefit obligation		59,248			57,802
Expected return on assets		(75,319	)		(64,902	)
Amortization of prior service cost		838			1,164
Amortization of loss		23,244			16,475
Net pension costs	$	38,501		$	36,778

     Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	60,980		$	52,478
Interest cost on projected benefit obligation		118,496			115,604
Expected return on assets		(150,638	)		(129,804	)
Amortization of prior service cost		1,676			2,328
Amortization of loss		46,488			32,950
Net pension costs	$	77,002		$	73,556

     The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

				Entergy
	Entergy			Gulf States			Entergy			Entergy			Entergy			Entergy			System
2011	Arkansas			Louisiana			Louisiana			Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	4,518		$	2,462		$	2,886		$	1,327		$	561		$	1,197		$	1,235
Interest cost on projected benefit obligation		12,991			5,928			8,159			3,909			1,762			3,993			2,939
Expected return on assets		(15,609	)		(8,339	)		(9,716	)		(5,038	)		(2,114	)		(5,501	)		(3,784	)
Amortization of prior service cost		115			20			70			38			9			16			4
Amortization of loss		6,421			2,279			4,497			1,680			1,166			1,394			1,321
Net pension cost	$	8,436		$	2,350		$	5,896		$	1,916		$	1,384		$	1,099		$	1,715

				Entergy
	Entergy			Gulf States			Entergy			Entergy			Entergy			Entergy			System
	Arkansas			Louisiana			Louisiana			Mississippi			New Orleans			Texas			Energy
2010	(In Thousands)
Service cost — benefits earned during the period	$	3,944		$	2,116		$	2,443		$	1,163		$	516		$	1,067		$	1,033
Interest cost on projected benefit obligation		12,319			6,094			7,135			3,807			1,510			3,967			2,252
Expected return on assets		(12,659	)		(7,688	)		(8,194	)		(4,313	)		(1,809	)		(5,137	)		(2,952	)
Amortization of prior service cost		196			75			119			79			44			59			8
Amortization of loss		4,126			1,906			2,151			1,091			636			802			132
Net pension cost	$	7,926		$	2,503		$	3,654		$	1,827		$	897		$	758		$	473

     The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

				Entergy
	Entergy			Gulf States			Entergy			Entergy			Entergy			Entergy			System
2011	Arkansas			Louisiana			Louisiana			Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	9,036		$	4,924		$	5,772		$	2,654		$	1,122		$	2,394		$	2,470
Interest cost on projected benefit obligation		25,982			11,856			16,318			7,818			3,524			7,986			5,878
Expected return on assets		(31,218	)		(16,678	)		(19,432	)		(10,076	)		(4,228	)		(11,002	)		(7,568	)
Amortization of prior service cost		230			40			140			76			18			32			8
Amortization of loss		12,842			4,558			8,994			3,360			2,332			2,788			2,642
Net pension cost	$	16,872		$	4,700		$	11,792		$	3,832		$	2,768		$	2,198		$	3,430

				Entergy
	Entergy			Gulf States			Entergy			Entergy			Entergy			Entergy			System
2010	Arkansas			Louisiana			Louisiana			Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	7,888		$	4,232		$	4,886		$	2,326		$	1,032		$	2,134		$	2,066
Interest cost on projected benefit obligation		24,638			12,188			14,270			7,614			3,020			7,934			4,504
Expected return on assets		(25,318	)		(15,376	)		(16,388	)		(8,626	)		(3,618	)		(10,274	)		(5,904	)
Amortization of prior service cost		392			150			238			158			88			118			16
Amortization of loss		8,252			3,812			4,302			2,182			1,272			1,604			264
Net pension cost	$	15,852		$	5,006		$	7,308		$	3,654		$	1,794		$	1,516		$	946

     Entergy recognized $4.9 million and $11.5 million in pension cost for its non-qualified pension plans in the second quarters of 2011 and 2010, respectively. In the second quarter 2010, Entergy recognized a $6.9 million settlement charge related to the payment of lump sum benefits out of the plan that is included in the non-qualified pension cost above. Entergy recognized $9.8 million and $16.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2011 and 2010, respectively, including the $6.9 million settlement charge recognized in the second quarter 2010.

     The Registrant Subsidiaries recognized the following pension cost for their non-qualified pension plans in the second quarters of 2011 and 2010:

			Entergy
	Entergy		Gulf States		Entergy		Entergy		Entergy		Entergy
	Arkansas		Louisiana		Louisiana		Mississippi		New Orleans		Texas
	(In Thousands)
Non-qualified pension cost second quarter 2011	$	115	$	42	$	4	$	48	$	16	$	192
Non-qualified pension cost second quarter 2010	$	189	$	41	$	6	$	51	$	6	$	175
Settlement charge recognized in the second quarter 2010 included in cost above	$	86	$	—	$	—	$	—	$	—	$	5

     The Registrant Subsidiaries recognized the following pension cost for their non-qualified pension plans for the six months ended June 30, 2011 and 2010:

			Entergy
	Entergy		Gulf States		Entergy		Entergy		Entergy		Entergy
	Arkansas		Louisiana		Louisiana		Mississippi		New Orleans		Texas
	(In Thousands)
Non-qualified pension cost six months ended June 30, 2011	$	230	$	84	$	8	$	96	$	32	$	384
Non-qualified pension cost six months ended June 30, 2010	$	290	$	82	$	12	$	101	$	13	$	345
Settlement charge recognized in the six months ended June 30, 2010 included in cost above	$	86	$	—	$	—	$	—	$	—	$	5

Components of Net Other Postretirement Benefit Cost

     Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	14,835		$	13,078
Interest cost on accumulated postretirement benefit obligation (APBO)		18,631			19,020
Expected return on assets		(7,369	)		(6,553	)
Amortization of transition obligation		796			932
Amortization of prior service cost		(3,518	)		(3,015	)
Amortization of loss		5,298			4,317
Net other postretirement benefit cost	$	28,673		$	27,779

     Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	29,670		$	26,156
Interest cost on APBO		37,262			38,040
Expected return on assets		(14,738	)		(13,106	)
Amortization of transition obligation		1,592			1,864
Amortization of prior service cost		(7,036	)		(6,030	)
Amortization of loss		10,596			8,634
Net other postretirement benefit cost	$	57,346		$	55,558

     The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

				Entergy
	Entergy			Gulf States			Entergy			Entergy			Entergy			Entergy			System
2011	Arkansas			Louisiana			Louisiana			Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	2,013		$	1,540		$	1,635		$	658		$	362		$	769		$	661
Interest cost on APBO		3,436			2,075			2,192			1,093			806			1,486			667
Expected return on assets		(2,882	)		—			—			(977	)		(800	)		(1,874	)		(529	)
Amortization of transition obligation		205			60			96			88			298			47			2
Amortization of prior service cost		(133	)		(206	)		(62	)		(35	)		10			(107	)		(147	)
Amortization of loss		1,610			723			698			540			241			700			369
Net other postretirement benefit cost	$	4,249		$	4,192		$	4,559		$	1,367		$	917		$	1,021		$	1,023

				Entergy
	Entergy			Gulf States			Entergy		Entergy			Entergy			Entergy			System
2010	Arkansas			Louisiana			Louisiana		Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	1,843		$	1,370		$	1,371	$	550		$	347		$	697		$	563
Interest cost on APBO		3,629			2,144			2,269		1,093			900			1,582			641
Expected return on assets		(2,445	)		—			—		(888	)		(725	)		(1,718	)		(468	)
Amortization of transition obligation		205			60			96		88			415			66			2
Amortization of prior service cost		(197	)		(77	)		117		(62	)		90			19			(191	)
Amortization of loss		1,690			663			609		476			274			752			325
Net other postretirement benefit cost	$	4,725		$	4,160		$	4,462	$	1,257		$	1,301		$	1,398		$	872

     The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

				Entergy
	Entergy			Gulf States			Entergy			Entergy			Entergy			Entergy			System
2011	Arkansas			Louisiana			Louisiana			Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	4,026		$	3,080		$	3,270		$	1,316		$	724		$	1,538		$	1,322
Interest cost on APBO		6,872			4,150			4,384			2,186			1,612			2,972			1,334
Expected return on assets		(5,764	)		—			—			(1,954	)		(1,600	)		(3,748	)		(1,058	)
Amortization of transition obligation		410			120			192			176			596			94			4
Amortization of prior service cost		(266	)		(412	)		(124	)		(70	)		20			(214	)		(294	)
Amortization of loss		3,220			1,446			1,396			1,080			482			1,400			738
Net other postretirement benefit cost	$	8,498		$	8,384		$	9,118		$	2,734		$	1,834		$	2,042		$	2,046

				Entergy
	Entergy			Gulf States			Entergy		Entergy			Entergy			Entergy			System
2010	Arkansas			Louisiana			Louisiana		Mississippi			New Orleans			Texas			Energy
	(In Thousands)
Service cost — benefits earned during the period	$	3,686		$	2,740		$	2,742	$	1,100		$	694		$	1,394		$	1,126
Interest cost on APBO		7,258			4,288			4,538		2,186			1,800			3,164			1,282
Expected return on assets		(4,890	)		—			—		(1,776	)		(1,450	)		(3,436	)		(936	)
Amortization of transition obligation		410			120			192		176			830			132			4
Amortization of prior service cost		(394	)		(154	)		234		(124	)		180			38			(382	)
Amortization of loss		3,380			1,326			1,218		952			548			1,504			650
Net other postretirement benefit cost	$	9,450		$	8,320		$	8,924	$	2,514		$	2,602		$	2,796		$	1,744

Employer Contributions

     Based on current assumptions, Entergy expects to contribute $400.5 million to its qualified pension plans in 2011. As of the end of June 2011, Entergy had contributed $275.1 million to its pension plans. Therefore, Entergy presently anticipates contributing an additional $125.4 million to fund its qualified pension plans in 2011.

     Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans in 2011:

			Entergy
	Entergy		Gulf States		Entergy		Entergy		Entergy		Entergy		System
	Arkansas		Louisiana		Louisiana		Mississippi		New Orleans		Texas		Energy
	(In Thousands)
Expected 2011 pension contributions	$	120,400	$	27,318	$	60,597	$	29,169	$	12,160	$	18,235	$	28,351
Pension contributions made through June 2011	$	88,004	$	17,912	$	42,207	$	21,169	$	8,419	$	11,651	$	20,546
Remaining estimated pension contributions to be made in 2011	$	32,396	$	9,406	$	18,390	$	8,000	$	3,741	$	6,584	$	7,805

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Balance Sheets (ENTERGY MISSISSIPPI, INC.) (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2011	Dec. 31, 2010
COMMON EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	254,752,788
Entergy Mississippi
COMMON EQUITY
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	12,000,000	12,000,000
Common stock, shares issued	8,666,357	8,666,357
Common stock, shares outstanding	8,666,357	8,666,357

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2011

Stock-Based Compensation [Abstract]

STOCK-BASED COMPENSATION

NOTE 5. STOCK-BASED COMPENSATION (Entergy Corporation)

     Entergy grants stock awards, which are described more fully in Note 12 to the financial statements in the Form 10-K. Awards under Entergy’s plans generally vest over three years.

Stock Options

     Entergy granted 388,200 stock options during the first quarter 2011 with a weighted-average fair value of $11.48. At June 30, 2011, there were 11,140,268 stock options outstanding with a weighted-average exercise price of $73.63. The intrinsic value, which has no effect on net income, of the outstanding stock options is calculated by the difference in the weighted average exercise price of the stock options granted and Entergy Corporation’s common stock price as of June 30, 2011. Because Entergy’s stock price at June 30, 2011 is less than the weighted average exercise price, the aggregate intrinsic value of the stock options outstanding as of June 30, 2011 was zero. The intrinsic value of “in the money” stock options is $62.1 million as of June 30, 2011.

     The following table includes financial information for stock options for the second quarter and six months ended June 30 for each of the years presented:

	2011		2010
	(In Millions)
Compensation expense included in Entergy’s net income for the second quarter	$	2.5	$	3.7
Tax benefit recognized in Entergy’s net income for the second quarter	$	1.0	$	1.4
Compensation expense included in Entergy’s net income for the six months ended June 30,	$	5.5	$	7.6
Tax benefit recognized in Entergy’s net income for the six months ended June 30,	$	2.1	$	2.9
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$	1.0	$	1.4

Restricted Stock Awards

     In January 2011, the Board approved and Entergy granted 166,800 restricted stock awards under the 2007 Equity Ownership and Long-term Cash Incentive Plan. The grants were made effective as of January 27, 2011 and were valued at $72.79 per share, which was the closing price of Entergy’s common stock on that date. One-third of the restricted stock awards will vest upon each anniversary of the grant date and are expensed ratably over the three year vesting period. Shares of restricted stock have the same dividend and voting rights as other common stock and are considered issued and outstanding shares of Entergy upon vesting.

     The following table includes financial information for restricted stock for the second quarter and six months ended June 30 for each of the years presented:

	2011		2010
	(In Millions)
Compensation expense included in Entergy’s net income for the second quarter	$	1.0	$	—
Tax benefit recognized in Entergy’s net income for the second quarter	$	0.4	$	—
Compensation expense included in Entergy’s net income for the six months ended June 30,	$	2.0	$	—
Tax benefit recognized in Entergy’s net income for the six months ended June 30	$	0.8	$	—
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$	0.3	$	—

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Risk Management and Fair Values (Details) (USD $) In Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Derivative instruments not designated as cash flow hedges on consolidated statements of income
Amount of gain reclassified from accumulated OCI into income (effective portion)	$ 32	$ 67	$ 61	$ 103
Amount of gain (loss) recognized in OCI (de-designated hedges)		3
Assets:[Line Items]
Temporary cash investments	435		435		1,218
Assets other than temporary cash investments	3,775.0		3,775.0		3,596.0
Total	4,692		4,692		5,400
Liabilities:[Line Items]
Total	19		19		19
Reconciliation of changes in the assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy
Balance as of Beginning of period	104	432	197	200
Unrealized gains (losses) from price changes	9	(68)	(53)	193
Unrealized gains/(losses) on originations	17		15	7
Realized losses on settlements	(32)	(67)	(61)	(103)
Balance as of June 30	98	297	98	297
Entergy Wholesale Commodities [Member] | Other non-current liabilities [Member] | Electricity futures, forwards, swaps and options [Member]
Fair values of derivative instruments
Derivatives designated as hedging instruments	47		47		47
Derivatives not designated as hedging instruments	4		4		7
Derivative liability designated as hedging instrument offset	(30)		(30)		(30)
Derivative liability not designated as hedging instrument offset	(4)		(4)		(7)
Entergy Wholesale Commodities [Member] | Other deferred debits and other assets [Member] | Electricity futures, forwards, swaps and options [Member]
Fair values of derivative instruments
Derivatives designated as hedging instruments	41		41		82
Derivatives not designated as hedging instruments	5		5		14
Derivative asset designated as hedging instrument offset	(30)		(30)		(29)
Derivative asset not designated as hedging instrument offset	(5)		(5)		(8)
Utility [Member] | Prepayments and other [Member] | Natural gas swaps [Member]
Fair values of derivative instruments
Derivatives not designated as hedging instruments	2		2
Derivative liability not designated as hedging instrument offset	0		0
Entergy Wholesale Commodities [Member] | Prepayments and other [Member] | Electricity futures, forwards, swaps and options [Member]
Fair values of derivative instruments
Derivatives designated as hedging instruments	120		120		160
Derivatives not designated as hedging instruments	15		15		2
Derivative asset designated as hedging instrument offset	(19)		(19)		(7)
Derivative asset not designated as hedging instrument offset	(11)		(11)		0
Utility [Member] | Other current liabilities [Member] | Natural gas swaps [Member]
Fair values of derivative instruments
Derivatives not designated as hedging instruments					2
Derivative liability not designated as hedging instrument offset					0
Entergy Wholesale Commodities [Member] | Other current liabilities [Member] | Electricity futures, forwards, swaps and options [Member]
Fair values of derivative instruments
Derivatives designated as hedging instruments	24		24		5
Derivatives not designated as hedging instruments	7		7		2
Derivative liability designated as hedging instrument offset	(23)		(23)		(5)
Derivative liability not designated as hedging instrument offset	(7)		(7)		(2)
Level 1 [Member] | Gas hedge contracts [Member]
Liabilities:[Line Items]
Total	0		0		2
Level 2 [Member] | Gas hedge contracts [Member]
Liabilities:[Line Items]
Total	0		0		0
Level 3 [Member] | Gas hedge contracts [Member]
Liabilities:[Line Items]
Total	18		18		0
Gas hedge contracts [Member]
Liabilities:[Line Items]
Total	18		18		2
Competitive businesses operating revenues [Member] | Amount of gain (loss) recognized in OCI [Member]
Derivative instruments not designated as cash flow hedges on consolidated statements of income
Amount of gain (loss) recorded in income	4		6
Amount of gain (loss) recognized in OCI [Member]
Derivative instruments not designated as cash flow hedges on consolidated statements of income
Amount of gain (loss) recognized in OCI (de-designated hedges)	(4)		6	3
Electricity futures, forwards, swaps and options [Member]
Derivative instruments not designated as cash flow hedges on consolidated statements of income
Amount of gain (loss) recognized in OCI (effective portion)	19	(71)	(54)	197
Fuel, fuel related expenses and gas purchased for resale [Member] | Natural gas swaps [Member]
Derivative instruments not designated as cash flow hedges on consolidated statements of income
Amount of gain (loss) recorded in income	(9)	22	(12)	(63)
Competitive businesses operating revenues [Member]
Derivative instruments not designated as cash flow hedges on consolidated statements of income
Amount of gain reclassified from accumulated OCI into income (effective portion)	32	67	61	103
Level 1 [Member]
Assets:[Line Items]
Temporary cash investments	435		435		1,218
Total	1,783		1,783		2,474
Level 1 [Member] | Equity securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	401.0		401.0		387.0
Level 1 [Member] | Debt Securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	581.0		581.0		497.0
Level 1 [Member] | Power contracts [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 1 [Member] | Securitization recovery trust account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	34.0		34.0		43.0
Level 1 [Member] | Storm reserve escrow account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	332.0		332.0		329.0
Level 1 [Member]
Liabilities:[Line Items]
Total	1		1		2
Level 1 [Member] | Power contracts [Member]
Liabilities:[Line Items]
Total	1		1		0
Level 2 [Member]
Assets:[Line Items]
Temporary cash investments	0		0		0
Total	2,793		2,793		2,712
Level 2 [Member] | Equity securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	1,803.0		1,803.0		1,689.0
Level 2 [Member] | Debt Securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	990.0		990.0		1,023.0
Level 2 [Member] | Power contracts [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 2 [Member] | Securitization recovery trust account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 2 [Member] | Storm reserve escrow account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 2 [Member]
Liabilities:[Line Items]
Total	0		0		0
Level 2 [Member] | Power contracts [Member]
Liabilities:[Line Items]
Total	0		0		0
Level 3 [Member]
Assets:[Line Items]
Temporary cash investments	0		0		0
Total	116		116		214
Level 3 [Member] | Equity securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 3 [Member] | Debt Securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 3 [Member] | Power contracts [Member]
Assets:[Line Items]
Assets other than temporary cash investments	116.0		116.0		214.0
Level 3 [Member] | Securitization recovery trust account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 3 [Member] | Storm reserve escrow account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	0		0		0
Level 3 [Member]
Liabilities:[Line Items]
Total	18		18		17
Level 3 [Member] | Power contracts [Member]
Liabilities:[Line Items]
Total	0		0		17
Equity securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	2,204.0		2,204.0		2,076.0
Debt Securities [Member]
Assets:[Line Items]
Assets other than temporary cash investments	1,571.0		1,571.0		1,520.0
Power contracts [Member]
Liabilities:[Line Items]
Total	1		1		17
Power contracts [Member]
Assets:[Line Items]
Assets other than temporary cash investments	116.0		116.0		214.0
Securitization recovery trust account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	34.0		34.0		43.0
Storm reserve escrow account [Member]
Assets:[Line Items]
Assets other than temporary cash investments	$ 332.0		$ 332.0		$ 329.0

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Consolidated Statements of Changes in Common Equity (ENTERGY ARKANSAS, INC.) (Unaudited) (USD $) In Thousands	Total		Common Stock	Paid-in Capital	Retained Earnings		Entergy Arkansas	Entergy Arkansas Common Stock	Entergy Arkansas Paid-in Capital	Entergy Arkansas Retained Earnings
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 2,548	$ 5,370,042	$ 8,043,122		$ 1,411,561	$ 470	$ 588,444	$ 822,647
Net income	539,097	[1]			529,064	[1]	70,654			70,654
Common stock	(298,796)						(53,400)			(53,400)
Preferred stock	(10,033)						(3,437)			(3,437)
Ending Balance at Jun. 30, 2010	8,864,738		2,548	5,377,119	8,273,153		1,425,378	470	588,444	836,464
Beginning Balance at Mar. 31, 2010
Net income	320,283						55,401
Ending Balance at Jun. 30, 2010	8,864,738		2,548	5,377,119			1,425,378	470	588,444
Beginning Balance at Dec. 31, 2010	8,590,400		2,548	5,367,474	8,689,401		1,403,906	470	588,444	814,992
Net income	574,277	[1]			564,246	[1]	75,906			75,906
Common stock	(296,355)						(29,000)			(29,000)
Preferred stock	(10,031)						(3,437)			(3,437)
Ending Balance at Jun. 30, 2011	8,691,566		2,548	5,366,132	8,957,516		1,447,375	470	588,444	858,461
Beginning Balance at Mar. 31, 2011
Net income	320,598						50,298
Ending Balance at Jun. 30, 2011	$ 8,691,566		$ 2,548	$ 5,366,132			$ 1,447,375	$ 470	$ 588,444

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Statements of Changes in Common Equity (ENTERGY MISSISSIPPI, INC.) (Unaudited) (USD $) In Thousands	Total		Common Stock	Retained Earnings		Entergy Mississippi	Entergy Mississippi Common Stock	Entergy Mississippi Capital Stock Expense and Other [Member]	Entergy Mississippi Retained Earnings
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 2,548	$ 8,043,122		$ 688,765	$ 199,326	$ (690)	$ 490,129
Net income	539,097	[1]		529,064	[1]	45,462			45,462
Common stock	(298,796)					(20,200)			(20,200)
Preferred stock	(10,033)					(1,414)			(1,414)
Ending Balance at Jun. 30, 2010	8,864,738		2,548	8,273,153		712,613	199,326	(690)	513,977
Beginning Balance at Mar. 31, 2010
Net income	320,283					34,269
Ending Balance at Jun. 30, 2010	8,864,738		2,548			712,613	199,326	(690)
Beginning Balance at Dec. 31, 2010	8,590,400		2,548	8,689,401		726,224	199,326	(690)	527,588
Net income	574,277	[1]		564,246	[1]	41,142			41,142
Common stock	(296,355)					(3,300)			(3,300)
Preferred stock	(10,031)					(1,414)			(1,414)
Ending Balance at Jun. 30, 2011	8,691,566		2,548	8,957,516		762,652	199,326	(690)	564,016
Beginning Balance at Mar. 31, 2011
Net income	320,598					23,872
Ending Balance at Jun. 30, 2011	$ 8,691,566		$ 2,548			$ 762,652	$ 199,326	$ (690)

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 1. COMMITMENTS AND CONTINGENCIES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

     Entergy and the Registrant Subsidiaries are involved in a number of legal, regulatory, and tax proceedings before various courts, regulatory commissions, and governmental agencies in the ordinary course of business. While management is unable to predict the outcome of such proceedings, management does not believe that the ultimate resolution of these matters will have a material adverse effect on Entergy’s results of operations, cash flows, or financial condition, except as otherwise discussed in the Form 10-K or in this report. Entergy discusses regulatory proceedings in Note 2 to the financial statements in the Form 10-K and herein, discusses tax proceedings in Note 3 to the financial statements in the Form 10-K and Note 10 to the financial statements herein, and discusses a judicial proceeding involving Vermont Yankee in Note 11 to the financial statements herein.

Nuclear Insurance

     See Note 8 to the financial statements in the Form 10-K for information on nuclear liability and property insurance associated with Entergy’s nuclear power plants.

Conventional Property Insurance

     See Note 8 to the financial statements in the Form 10-K for information on Entergy’s non-nuclear property insurance program.

Employment Litigation

     The Registrant Subsidiaries and other Entergy subsidiaries are responding to various lawsuits in both state and federal courts and to other labor-related proceedings filed by current and former employees and third parties not selected for open positions. These actions include, but are not limited to, allegations of wrongful employment actions; wage disputes and other claims under the Fair Labor Standards Act or its state counterparts; claims of race, gender and disability discrimination; disputes arising under collective bargaining agreements; unfair labor practice proceedings and other administrative proceedings before the National Labor Relations Board; claims of retaliation; and claims for or regarding benefits under various Entergy Corporation sponsored plans. Entergy and the Registrant Subsidiaries are responding to these lawsuits and proceedings and deny liability to the claimants.

Asbestos Litigation (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas)

     See Note 8 to the financial statements in the Form 10-K for information regarding asbestos litigation at Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas.

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Income Statements (SYSTEM ENERGY RESOURCES, INC.) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Nuclear refueling outage expenses	62,966	64,221	126,951		126,510
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Decommissioning	55,497	52,467	110,762		104,043
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges (credits) - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST AND OTHER CHARGES
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
NET INCOME	320,598	320,283	574,277	[1]	539,097	[1]
System Energy
OPERATING REVENUES
Electric	129,120	124,419	257,515		253,002
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	19,485	12,307	39,175		27,265
Nuclear refueling outage expenses	4,067	4,545	8,089		9,218
Other operation and maintenance	34,886	31,405	63,843		60,290
Decommissioning	7,614	7,772	15,816		15,406
Taxes other than income taxes	5,790	6,058	11,213		12,089
Depreciation and amortization	25,583	24,930	54,246		53,301
Other regulatory charges (credits) - net	(2,301)	(4,890)	(5,250)		(5,615)
TOTAL	95,124	82,127	187,132		172,314
OPERATING INCOME	33,996	42,292	70,383		80,688
OTHER INCOME
Allowance for equity funds used during construction	5,376	2,414	9,521		4,232
Interest and investment income	2,508	1,236	5,049		6,622
Miscellaneous - net	(145)	(97)	(249)		(229)
TOTAL	7,739	3,553	14,321		10,625
INTEREST AND OTHER CHARGES
Interest expense	7,736	12,411	19,125		22,720
Allowance for borrowed funds used during construction	(1,563)	(835)	(2,916)		(1,465)
TOTAL	6,173	11,576	16,209		21,255
INCOME BEFORE INCOME TAXES	35,562	34,269	68,495		70,058
Income taxes	13,576	13,827	27,173		29,003
NET INCOME	$ 21,986	$ 20,442	$ 41,322		$ 41,005

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Balance Sheets (ENTERGY MISSISSIPPI, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Accounts receivable:
Customer	693,937	602,796
Allowance for doubtful accounts	(31,002)	(31,777)
Other	162,190	161,662
Accrued unbilled revenues	377,977	302,901
Total accounts receivable	1,203,102	1,035,582
Deferred fuel costs	111,444	64,659
Accumulated deferred income taxes	6,975	8,472
Fuel inventory - at average cost	212,982	207,520
Materials and supplies - at average cost	869,341	866,908
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Non-utility property - at cost (less accumulated depreciation)	260,614	257,847
TOTAL	4,491,902	4,300,206
UTILITY PLANT
Electric	38,179,664	37,153,061
Property under capital lease	790,533	800,078
Construction work in progress	1,799,906	1,661,560
TOTAL UTILITY PLANT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
UTILITY PLANT - NET	24,638,853	23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137	845,725
Other regulatory assets	3,736,785	3,838,237
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
CURRENT LIABILITIES
Currently maturing long-term debt	128,062	299,548
Accounts payable:
Associated companies	130,795	154,135
Customer deposits	345,079	335,058
Interest accrued	178,280	217,685
System agreement cost equalization	66,351	52,160
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Obligations under capital lease	40,177	42,078
Other regulatory liabilities	578,821	539,026
Asset retirement cost liabilities	3,218,881	3,148,479
Accumulated provisions	390,089	395,250
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
Subsidiaries' Preferred stock without sinking fund	216,745	216,738
COMMON EQUITY
Common stock	2,548	2,548
Capital stock expense and other	5,366,132	5,367,474
Retained earnings	8,957,516	8,689,401
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761	38,685,276
Entergy Mississippi
Cash and cash equivalents:
Cash	562	1,207
Temporary cash investments	9	9
Total cash and cash equivalents	571	1,216
Accounts receivable:
Customer	66,147	58,204
Allowance for doubtful accounts	(828)	(985)
Associated companies	39,413	41,803
Other	7,534	7,500
Accrued unbilled revenues	48,029	41,714
Total accounts receivable	160,295	148,236
Deferred fuel costs	25,528	3,157
Accumulated deferred income taxes	14,509	19,308
Fuel inventory - at average cost	55,207	6,878
Materials and supplies - at average cost	33,946	34,499
Prepayments and other	8,134	4,902
TOTAL	298,190	218,196
OTHER PROPERTY AND INVESTMENTS
Non-utility property - at cost (less accumulated depreciation)	4,739	4,753
Storm reserve escrow account	31,880	31,862
TOTAL	36,619	36,615
UTILITY PLANT
Electric	3,261,985	3,174,148
Property under capital lease	11,960	13,197
Construction work in progress	131,465	147,169
TOTAL UTILITY PLANT	3,405,410	3,334,514
Less - accumulated depreciation and amortization	1,201,334	1,166,463
UTILITY PLANT - NET	2,204,076	2,168,051
Regulatory assets:
Regulatory asset for income taxes - net	64,374	63,533
Other regulatory assets	254,750	253,231
Other	23,253	22,009
TOTAL	342,377	338,773
TOTAL ASSETS	2,881,262	2,761,635
CURRENT LIABILITIES
Currently maturing long-term debt	0	80,000
Accounts payable:
Associated companies	75,687	75,128
Other	66,689	53,417
Customer deposits	67,031	65,873
Taxes accrued	2,979	27,739
Interest accrued	21,352	21,094
System agreement cost equalization	34,269	36,650
Other	9,694	9,895
TOTAL	277,701	369,796
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	704,236	680,467
Accumulated deferred investment tax credits	6,063	6,541
Obligations under capital lease	9,355	10,747
Other regulatory liabilities	0	262
Asset retirement cost liabilities	5,534	5,375
Accumulated provisions	39,285	39,466
Pension and other postretirement liabilities	83,222	104,912
Long-term debt	920,409	745,378
Other	22,424	22,086
TOTAL	1,790,528	1,615,234
Commitments and Contingencies
Subsidiaries' Preferred stock without sinking fund	50,381	50,381
COMMON EQUITY
Common stock	199,326	199,326
Capital stock expense and other	(690)	(690)
Retained earnings	564,016	527,588
TOTAL	762,652	726,224
TOTAL LIABILITIES AND EQUITY	$ 2,881,262	$ 2,761,635

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Statements of Changes in Equity and Comprehensive Income (ENTERGY GULF STATES LOUISIANA, L.L.C.) (Parenthetical) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Other comprehensive income, defined benefit plans, tax	$ 3,057	$ 2,541
Entergy Gulf States Louisiana, L.L.C. | Accumulated Other Comprehensive Income (Loss)
Other comprehensive income, defined benefit plans, tax	1,015	1,048
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income, defined benefit plans, tax	3,057	2,541
Entergy Gulf States Louisiana, L.L.C.
Other comprehensive income, defined benefit plans, tax		$ 1,048

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Consolidated Income Statements (ENTERGY ARKANSAS, INC.) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Nuclear refueling outage expenses	62,966	64,221	126,951		126,510
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Decommissioning	55,497	52,467	110,762		104,043
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges (credits) - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
NET INCOME	320,598	320,283	574,277	[1]	539,097	[1]
Preferred dividend requirements and other	5,015	5,017	10,031		10,033
EARNINGS APPLICABLE TO COMMON STOCK	315,583	315,266	564,246		529,064
Entergy Arkansas
OPERATING REVENUES
Electric	516,833	540,535	960,331		1,072,429
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	86,882	116,739	169,113		282,469
Purchased power	115,489	108,830	208,343		216,980
Nuclear refueling outage expenses	10,258	10,748	20,219		21,859
Other operation and maintenance	127,246	113,518	244,230		225,658
Decommissioning	9,442	8,877	18,739		17,619
Taxes other than income taxes	18,952	20,033	38,531		42,557
Depreciation and amortization	54,252	60,705	109,510		124,703
Other regulatory charges (credits) - net	(4,760)	(7,708)	(8,331)		(10,126)
TOTAL	417,761	431,742	800,354		921,719
OPERATING INCOME	99,072	108,793	159,977		150,710
OTHER INCOME
Allowance for equity funds used during construction	1,815	1,304	2,880		2,758
Interest and investment income	5,381	6,034	9,161		13,722
Miscellaneous - net	(1,140)	(323)	(1,889)		(85)
TOTAL	6,056	7,015	10,152		16,395
INTEREST EXPENSE
Interest expense	20,960	23,023	42,023		45,359
Allowance for borrowed funds used during construction	(622)	(762)	(1,101)		(1,611)
TOTAL	20,338	22,261	40,922		43,748
INCOME BEFORE INCOME TAXES	84,790	93,547	129,207		123,357
Income taxes	34,492	38,146	53,301		52,703
NET INCOME	50,298	55,401	75,906		70,654
Preferred dividend requirements and other	1,718	1,718	3,437		3,437
EARNINGS APPLICABLE TO COMMON STOCK	$ 48,580	$ 53,683	$ 72,469		$ 67,217

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Consolidated Balance Sheets (ENTERGY TEXAS, INC. AND SUBSIDIARIES) (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Securitization recovery trust account	33,938	43,044
Accounts receivable:
Customer	693,937	602,796
Allowance for doubtful accounts	(31,002)	(31,777)
Other	162,190	161,662
Accrued unbilled revenues	377,977	302,901
Total accounts receivable	1,203,102	1,035,582
Accumulated deferred income taxes	6,975	8,472
Fuel inventory - at average cost	212,982	207,520
Materials and supplies - at average cost	869,341	866,908
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity	44,172	40,697
Non-utility property - at cost (less accumulated depreciation)	260,614	257,847
Other	412,090	405,946
TOTAL	4,491,902	4,300,206
UTILITY PLANT
Electric	38,179,664	37,153,061
Construction work in progress	1,799,906	1,661,560
TOTAL UTILITY PLANT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
UTILITY PLANT - NET	24,638,853	23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137	845,725
Other regulatory assets	3,736,785	3,838,237
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
Accounts payable:
Associated companies	130,795	154,135
Customer deposits	345,079	335,058
Interest accrued	178,280	217,685
Deferred fuel costs	15,142	166,409
Pension and other postretirement liabilities	40,235	39,862
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Other regulatory liabilities	578,821	539,026
Asset retirement cost liabilities	3,218,881	3,148,479
Accumulated provisions	390,089	395,250
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
COMMON EQUITY
Common stock	2,548	2,548
Paid-in capital	5,366,132	5,367,474
Retained earnings	8,957,516	8,689,401
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761	38,685,276
Entergy Texas
Cash and cash equivalents:
Cash	305	1,719
Temporary cash investments	38	33,623
Total cash and cash equivalents	343	35,342
Securitization recovery trust account	30,994	40,632
Accounts receivable:
Customer	74,408	56,358
Allowance for doubtful accounts	(2,000)	(2,185)
Associated companies	58,429	53,128
Other	10,622	11,605
Accrued unbilled revenues	52,642	39,471
Total accounts receivable	194,101	158,377
Accumulated deferred income taxes	38,191	44,752
Fuel inventory - at average cost	53,693	53,872
Materials and supplies - at average cost	28,869	28,842
Prepayments and other	8,358	14,856
TOTAL	354,549	376,673
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity	804	812
Non-utility property - at cost (less accumulated depreciation)	1,077	1,223
Other	17,697	17,037
TOTAL	19,578	19,072
UTILITY PLANT
Electric	3,276,716	3,205,566
Construction work in progress	77,057	80,096
TOTAL UTILITY PLANT	3,353,773	3,285,662
Less - accumulated depreciation and amortization	1,273,422	1,245,729
UTILITY PLANT - NET	2,080,351	2,039,933
Regulatory assets:
Regulatory asset for income taxes - net	125,495	127,046
Other regulatory assets	1,128,113	1,168,960
Long-term receivables - associated companies	31,791	32,596
Other	21,568	19,584
TOTAL	1,306,967	1,348,186
TOTAL ASSETS	3,761,445	3,783,864
Accounts payable:
Associated companies	133,018	69,862
Other	72,476	70,325
Customer deposits	37,486	38,376
Taxes accrued	18,050	28,551
Interest accrued	32,888	33,677
Deferred fuel costs	14,747	77,430
Pension and other postretirement liabilities	1,197	1,354
Other	3,986	4,222
TOTAL	313,848	323,797
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	847,633	829,668
Accumulated deferred investment tax credits	20,137	20,936
Other regulatory liabilities	6,271	26,178
Asset retirement cost liabilities	3,759	3,651
Accumulated provisions	5,231	5,320
Pension and other postretirement liabilities	59,121	72,724
Long-term debt	1,628,270	1,659,230
Other	14,062	18,070
TOTAL	2,584,484	2,635,777
Commitments and Contingencies
COMMON EQUITY
Common stock	49,452	49,452
Paid-in capital	481,994	481,994
Retained earnings	331,667	292,844
TOTAL	863,113	824,290
TOTAL LIABILITIES AND EQUITY	$ 3,761,445	$ 3,783,864

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Statements of Cash Flows (ENTERGY GULF STATES LOUISIANA, L.L.C.) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Consolidated net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Prepaid taxes and taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provisions for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Nuclear fuel purchases	(403,168)		(218,829)
Proceeds from nuclear decommissioning trust fund sales	636,359		1,487,387
Investment in nuclear decommissioning trust funds	(699,530)		(1,531,275)
Change in money pool receivable - net	9,106		(22,528)
Decrease (increase) in other investments	(42,994)		55,430
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Changes in credit borrowings - net	15,960		17,123
Dividends/distributions paid:
Common stock	(296,355)		(298,796)
Preferred stock	(10,031)		(10,033)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net increase (decrease) in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid/(received) during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	77		26,054
Entergy Gulf States Louisiana, L.L.C.
OPERATING ACTIVITIES
Consolidated net income	94,981		70,237
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	101,561		98,435
Deferred income taxes, investment tax credits, and non-current taxes accrued	13,995		(301,383)
Changes in working capital:
Receivables	(58,808)		(66,006)
Fuel inventory	(2,435)		1,973
Accounts payable	(17,147)		62,841
Prepaid taxes and taxes accrued	63,111		325,175
Interest accrued	(692)		229
Deferred fuel	(38,044)		(29,431)
Other working capital accounts	(10,757)		39,676
Changes in provisions for estimated losses	840		(7,322)
Changes in other regulatory assets	21,505		(2,998)
Changes in pensions and other postretirement liabilities	(14,164)		(3,428)
Other	22,707		20,181
Net cash flow provided by operating activities	176,653		208,179
INVESTING ACTIVITIES
Construction expenditures	(108,261)		(118,261)
Allowance for equity funds used during construction	3,903		2,811
Nuclear fuel purchases	(70,728)		(12,023)
Proceeds from sale/leaseback of nuclear fuel	9,647
Proceeds from nuclear decommissioning trust fund sales	20,668		78,849
Investment in nuclear decommissioning trust funds	(29,749)		(83,391)
Change in money pool receivable - net	(28,450)		99
Decrease (increase) in other investments	(78)		3,136
Net cash flow used in investing activities	(203,048)		(128,780)
FINANCING ACTIVITIES
Changes in credit borrowings - net	32,100		(9,500)
Dividends/distributions paid:
Common stock	(122,250)		(64,300)
Preferred stock	(412)		(414)
Other	(299)		(1,097)
Net cash flow provided by (used in) financing activities	(90,861)		(75,311)
Net increase (decrease) in cash and cash equivalents	(117,256)		4,088
Cash and cash equivalents at beginning of period	155,173		144,460
Cash and cash equivalents at end of period	37,917		148,548
Cash paid/(received) during the period for:
Interest - net of amount capitalized	41,695		53,905
Income taxes	(7)		394
Noncash financing activities:
Repayment by Entergy Texas of assumed long-term debt			$ 167,742

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

XML



Statements of Cash Flows (ENTERGY LOUISIANA, LLC) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Prepaid taxes and taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provisions for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Nuclear fuel purchases	(403,168)		(218,829)
Payment for purchase of plant	(299,590)
Decrease (increase) in other investments	(42,994)		55,430
Proceeds from nuclear decommissioning trust fund sales	636,359		1,487,387
Investment in nuclear decommissioning trust funds	(699,530)		(1,531,275)
Change in money pool receivable - net	9,106		(22,528)
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	1,075,180		525,789
Retirement of long-term debt	(555,940)		(774,772)
Dividends paid:
Common stock	(296,355)		(298,796)
Preferred stock	(10,031)		(10,033)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net decrease in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid/(received) during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	77		26,054
Entergy Louisiana
OPERATING ACTIVITIES
Net income	115,401		98,091
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	137,175		140,665
Deferred income taxes, investment tax credits, and non-current taxes accrued	92,865		86,180
Changes in working capital:
Receivables	(91,060)		(56,595)
Fuel inventory	(27,750)
Accounts payable	27,363		25,101
Prepaid taxes and taxes accrued	(32,083)		(25,993)
Interest accrued	3,749		(1,646)
Deferred fuel	(77,308)		16,177
Other working capital accounts	(27,956)		(27,190)
Changes in provisions for estimated losses	(6,315)		3,120
Changes in other regulatory assets	(18,412)		(26,468)
Changes in pensions and other postretirement liabilities	(35,923)		(5,859)
Other	(8,260)		477
Net cash flow provided by operating activities	51,486		226,060
INVESTING ACTIVITIES
Construction expenditures	(219,667)		(213,121)
Allowance for equity funds used during construction	15,651		13,527
Nuclear fuel purchases	(130,489)
Proceeds from sale/leaseback of nuclear fuel	11,570
Payment for purchase of plant	(299,589)
Decrease (increase) in other investments			9,353
Proceeds from nuclear decommissioning trust fund sales	7,785		26,668
Investment in nuclear decommissioning trust funds	13,224		(30,176)
Change in money pool receivable - net	49,887		18,676
Other	(171)		(444)
Net cash flow used in investing activities	(578,247)		(175,517)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	217,047
Changes in short-term borrowings - net	141,583		7,990
Retirement of long-term debt	(30,284)		(102,326)
Changes in money pool payable - net	111,848
Dividends paid:
Common stock	(31,200)
Preferred stock	(3,475)		(3,475)
Other			(5,546)
Net cash flow provided by (used in) financing activities	405,519		(103,357)
Net decrease in cash and cash equivalents	(121,242)		(52,814)
Cash and cash equivalents at beginning of period	123,254		151,849
Cash and cash equivalents at end of period	2,012		99,035
Cash paid/(received) during the period for:
Interest - net of amount capitalized	53,606		60,992
Income taxes	(77)		4,527
Noncash investing and financing activities:
Proceeds from long-term debt issued for the purpose of refunding prior long-term debt			150,000
Long-term debt refunded with proceeds from long-term debt issued in prior period			$ (150,000)

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Stock Based Compensation (Details Textuals) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended	6 Months Ended		1 Months Ended	6 Months Ended
	Mar. 31, 2011	Jun. 30, 2011	Jun. 30, 2011	Jan. 31, 2011 Restricted Awards [Member]	Jun. 30, 2011 Restricted Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards granted				166,800
Restricted stock awards granted value					$ 72.79
Restricted stock awards granted vesting period					33.00%
Stock-Based Compensation (Textuals) [Abstract]
Stock-based Compensation Plans Award vesting period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period	388,200
Weighted-average grant-date fair value of options granted during 2010	$ 11.48
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance			11,140,268
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period			$ 73.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		$ 0
Share Based Compensation Arrangement By Share Based Payment Award in the money stock options Intrinsic Value		$ 62.1

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Balance Sheets (ENTERGY GULF STATES LOUISIANA, L.L.C.) (Unaudited) (USD $) In Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2011		Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968		$ 76,290
Temporary cash investments	434,890		1,218,182
Total cash and cash equivalents	529,858		1,294,472
Accounts receivable:
Customer	693,937		602,796
Allowance for doubtful accounts	(31,002)		(31,777)
Other	162,190		161,662
Accrued unbilled revenues	377,977		302,901
Total accounts receivable	1,203,102		1,035,582
Deferred fuel costs	111,444		64,659
Fuel inventory - at average cost	212,982		207,520
Materials and supplies - at average cost	869,341		866,908
Deferred nuclear refueling outage costs	287,282		218,423
Prepaid taxes	304,617		301,807
Prepayments and other	237,252		246,036
TOTAL	3,863,142		4,339,083
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests	44,172		40,697
Decommissioning trust funds	3,775,026		3,595,716
Non-utility property - at cost (less accumulated depreciation)	260,614		257,847
Other	412,090		405,946
TOTAL	4,491,902		4,300,206
UTILITY PLANT
Electric	38,179,664		37,153,061
Natural gas	336,814		330,608
Construction work in progress	1,799,906		1,661,560
Nuclear fuel	1,451,087		1,377,962
TOTAL UTILITY PLANT	42,558,004		41,323,269
Less - accumulated depreciation and amortization	17,919,151		17,474,914
UTILITY PLANT - NET	24,638,853		23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137		845,725
Other regulatory assets	3,736,785		3,838,237
Deferred fuel costs	172,202		172,202
Other	927,658		909,773
TOTAL	6,135,864		6,197,632
TOTAL ASSETS	39,129,761		38,685,276
Accounts payable:
Associated companies	130,795		154,135
Customer deposits	345,079		335,058
Accumulated deferred income taxes	99,147		49,307
Interest accrued	178,280		217,685
Deferred fuel costs	15,142		166,409
Pension and other postretirement liabilities	40,235		39,862
System agreement cost equalization	66,351		52,160
Other	191,497		277,598
TOTAL	2,242,404		2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158		8,573,646
Accumulated deferred investment tax credits	284,852		292,330
Other regulatory liabilities	578,821		539,026
Decommissioning and asset retirement cost liabilities	3,218,881		3,148,479
Accumulated provisions	390,089		395,250
Pension and other postretirement liabilities	1,942,685		2,175,364
Long-term debt	12,057,368		11,317,157
Other	599,015		618,559
TOTAL	27,979,046		27,101,889
Commitments and Contingencies
EQUITY
Subsidiaries' preferred stock without sinking fund	94,000		94,000
Member's equity	8,597,566		8,496,400
Accumulated other comprehensive loss	(75,156)		(38,212)
TOTAL	8,691,566		8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761		38,685,276
Entergy Gulf States Louisiana, L.L.C.
Cash and cash equivalents:
Cash	183		231
Temporary cash investments	37,734		154,942
Total cash and cash equivalents	37,917		155,173
Accounts receivable:
Customer	78,021		60,369
Allowance for doubtful accounts	(1,511)		(1,306)
Associated companies	181,304		119,252
Other	26,014		27,728
Accrued unbilled revenues	66,089		56,616
Total accounts receivable	349,917		262,659
Deferred fuel costs	15,743		0
Fuel inventory - at average cost	28,262		25,827
Materials and supplies - at average cost	110,638		113,302
Deferred nuclear refueling outage costs	30,164		7,372
Prepaid taxes	0		40,946
Prepayments and other	7,721		5,127
TOTAL	580,362		610,406
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests	339,664		339,664
Decommissioning trust funds	418,129		393,580
Non-utility property - at cost (less accumulated depreciation)	161,964		156,845
Storm reserve escrow account	90,204		90,125
Other	12,519		12,011
TOTAL	1,022,480		992,225
UTILITY PLANT
Electric	6,985,003		6,907,268
Natural gas	127,473		124,020
Construction work in progress	118,621		119,017
Nuclear fuel	205,730		202,609
TOTAL UTILITY PLANT	7,436,827		7,352,914
Less - accumulated depreciation and amortization	3,860,793		3,812,394
UTILITY PLANT - NET	3,576,034		3,540,520
Regulatory assets:
Regulatory asset for income taxes - net	228,514		234,406
Other regulatory assets	254,317		270,883
Deferred fuel costs	100,124		100,124
Other	17,571		14,832
TOTAL	600,526		620,245
TOTAL ASSETS	5,779,402		5,763,396
Accounts payable:
Associated companies	100,634		71,601
Other	110,589		160,246
Customer deposits	49,462		48,631
Taxes accrued	22,165		0
Accumulated deferred income taxes	12,367		1,749
Interest accrued	26,569		27,261
Deferred fuel costs	0		22,301
Pension and other postretirement liabilities	7,606		7,415
System agreement cost equalization	10,282		0
Other	15,710		15,049
TOTAL	355,384		354,253
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	1,406,839		1,405,374
Accumulated deferred investment tax credits	83,189		84,858
Other regulatory liabilities	94,518		83,479
Decommissioning and asset retirement cost liabilities	349,717		339,925
Accumulated provisions	98,520	[1]	97,680
Pension and other postretirement liabilities	206,268		220,432
Long-term debt	1,616,551		1,584,332
Long-term payables - associated companies	31,791		32,596
Other	53,879		51,254
TOTAL	3,941,272		3,899,930
Commitments and Contingencies
EQUITY
Subsidiaries' preferred stock without sinking fund	10,000		10,000
Member's equity	1,511,821		1,539,517
Accumulated other comprehensive loss	(39,075)		(40,304)
TOTAL	1,482,746		1,509,213
TOTAL LIABILITIES AND EQUITY	$ 5,779,402		$ 5,763,396

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Statements of Changes in Common Equity (ENTERGY NEW ORLEANS, INC.) (Unaudited) (USD $) In Thousands	Total		Common Stock	Paid-in Capital	Retained Earnings		Entergy New Orleans	Entergy New Orleans Common Stock	Entergy New Orleans Paid-in Capital	Entergy New Orleans Retained Earnings
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 2,548	$ 5,370,042	$ 8,043,122		$ 208,586	$ 33,744	$ 36,294	$ 138,548
Net income	539,097	[1]			529,064	[1]	17,028			17,028
Common stock	(298,796)						(14,900)			(14,900)
Preferred stock	(10,033)						(482)			(482)
Ending Balance at Jun. 30, 2010	8,864,738		2,548	5,377,119	8,273,153		210,232	33,744	36,294	140,194
Beginning Balance at Mar. 31, 2010
Net income	320,283						5,467
Ending Balance at Jun. 30, 2010	8,864,738		2,548	5,377,119			210,232	33,744	36,294
Beginning Balance at Dec. 31, 2010	8,590,400		2,548	5,367,474	8,689,401		191,626	33,744	36,294	121,588
Net income	574,277	[1]			564,246	[1]	17,093			17,093
Common stock	(296,355)						(12,600)			(12,600)
Preferred stock	(10,031)						(482)			(482)
Ending Balance at Jun. 30, 2011	8,691,566		2,548	5,366,132	8,957,516		195,637	33,744	36,294	125,599
Beginning Balance at Mar. 31, 2011
Net income	320,598						8,210
Ending Balance at Jun. 30, 2011	$ 8,691,566		$ 2,548	$ 5,366,132			$ 195,637	$ 33,744	$ 36,294

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Income Statements (ENTERGY GULF STATES LOUISIANA, L.L.C.) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Natural gas	28,891	31,136	100,014		127,163
TOTAL	2,803,279	2,862,950	5,344,488		5,622,296
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Nuclear refueling outage expenses	62,966	64,221	126,951		126,510
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Decommissioning	55,497	52,467	110,762		104,043
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges (credits) - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
Net income	320,598	320,283	574,277	[1]	539,097	[1]
Preferred dividend requirements and other	5,015	5,017	10,031		10,033
EARNINGS APPLICABLE TO COMMON EQUITY	315,583	315,266	564,246		529,064
Entergy Gulf States Louisiana, L.L.C.
OPERATING REVENUES
Electric	511,648	497,004	978,689		954,785
Natural gas	10,914	12,221	39,771		53,115
TOTAL	522,562	509,225	1,018,460		1,007,900
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	75,923	68,853	156,558		132,989
Purchased power	207,389	213,417	398,497		432,027
Nuclear refueling outage expenses	4,324	5,605	9,342		11,323
Other operation and maintenance	87,472	87,240	166,485		166,879
Decommissioning	3,522	3,325	6,993		6,604
Taxes other than income taxes	18,777	17,954	37,578		36,410
Depreciation and amortization	35,675	32,613	71,399		67,802
Other regulatory charges (credits) - net	(380)	(2,376)	(1,322)		(4,430)
TOTAL	432,702	426,631	845,530		849,604
OPERATING INCOME	89,860	82,594	172,930		158,296
OTHER INCOME
Allowance for equity funds used during construction	2,163	1,525	3,903		2,811
Interest and investment income	10,473	8,780	19,831		19,378
Miscellaneous - net	(1,712)	(1,773)	(3,873)		(3,352)
TOTAL	10,924	8,532	19,861		18,837
INTEREST EXPENSE
Interest expense	21,231	30,423	42,580		55,605
Allowance for borrowed funds used during construction	(828)	(982)	(1,693)		(1,799)
TOTAL	20,403	29,441	40,887		53,806
INCOME BEFORE INCOME TAXES	80,381	61,685	151,904		123,327
Income taxes	31,071	29,531	56,923		53,090
Net income	49,310	32,154	94,981		70,237
Preferred dividend requirements and other	206	208	412		414
EARNINGS APPLICABLE TO COMMON EQUITY	$ 49,104	$ 31,946	$ 94,569		$ 69,823

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Income Taxes

6 Months Ended

Jun. 30, 2011

Income Taxes [Abstract]

INCOME TAXES

NOTE 10. INCOME TAXES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

     See Note 3 to the financial statements in the Form 10-K for a discussion of tax proceedings. Following are updates to that discussion.

Income Tax Litigation

     As discussed in more detail in the Form 10-K, in October 2010 the United States Tax Court entered a decision in favor of Entergy for tax years 1997 and 1998. There were two issues before the Court, depreciation of street lighting assets and the ability to credit the UK Windfall Tax as a foreign tax credit. The IRS has not appealed street lighting depreciation, but has appealed the foreign tax credit matter to the United States Court of Appeals for the Fifth Circuit.

Other Tax Matters

     During the second quarter 2011, Entergy effectively settled an uncertain tax position with the IRS resulting in the reversal of a provision for uncertain tax positions of approximately $41 million.

     During the second quarter 2011, Entergy filed an Application for Change in Accounting Method related to the allocation of overhead costs between production and non-production activity. The requested method is one that has been accepted for other public utilities by the IRS staff. The accounting method affects the amount of overhead that will be capitalized and deducted for tax purposes.

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Consolidated Statements of Changes in Equity and Comprehensive Income (Unaudited) (USD $) In Thousands		Total	Subsidiaries' Preferred Stock	Common Stock	Treasury Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2009		$ 8,707,360	$ 94,000	$ 2,548	$ (4,727,167)	$ 5,370,042	$ 8,043,122	$ (75,185)
Consolidated net income	[1]	539,097	10,033				529,064
Other comprehensive income:
Cash flow hedges net unrealized gain		59,071						59,071
Pension and other postretirement liabilities		5,010						5,010
Net unrealized investment gains		(19,202)						(19,202)
Foreign currency translation		(759)						(759)
Total comprehensive income		583,217
Common stock repurchases		(137,749)			(137,749)
Common stock issuances related to stock plans		20,976			13,899	7,077
Common stock dividends declared		(299,033)					(299,033)
Preferred dividend requirements of subsidiaries	[1]	(10,033)	(10,033)
Ending Balance at Jun. 30, 2010		8,864,738	94,000	2,548	(4,851,017)	5,377,119	8,273,153	(31,065)
Beginning Balance at Dec. 31, 2010		8,590,400	94,000	2,548	(5,524,811)	5,367,474	8,689,401	(38,212)
Consolidated net income	[1]	574,277	10,031				564,246
Other comprehensive income:
Cash flow hedges net unrealized gain		(71,724)						(71,724)
Pension and other postretirement liabilities		6,598						6,598
Net unrealized investment gains		27,871						27,871
Foreign currency translation		311						311
Total comprehensive income		537,333
Common stock repurchases		(159,602)			(159,602)
Common stock issuances related to stock plans		29,597			30,939	(1,342)
Common stock dividends declared		(296,131)					(296,131)
Preferred dividend requirements of subsidiaries	[1]	(10,031)	(10,031)
Ending Balance at Jun. 30, 2011		$ 8,691,566	$ 94,000	$ 2,548	$ (5,653,474)	$ 5,366,132	$ 8,957,516	$ (75,156)

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Variable Interest Entities (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Waterford Three [Member]
Variable Interest Entities (Textuals) [Abstract]
Percentage in power plant owned by VIE	9.30%
Grand Gulf [Member]
Variable Interest Entities (Textuals) [Abstract]
Percentage in power plant owned by VIE	11.50%
Entergy Louisiana [Member]
Variable Interest Entities (Textuals) [Abstract]
Payments on lease, including interest	$ 37.6	$ 25.3
System Energy [Member]
Variable Interest Entities (Textuals) [Abstract]
Payments on lease, including interest	$ 47.4	$ 45.7

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Consolidated Statements of Cash Flows (ENTERGY ARKANSAS, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Prepaid taxes and taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provisions for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pension and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Nuclear fuel purchases	(403,168)		(218,829)
Proceeds from sale of equipment			9,675
Decrease (increase) in other investments	(42,994)		55,430
Proceeds from nuclear decommissioning trust fund sales	636,359		1,487,387
Investment in nuclear decommissioning trust funds	(699,530)		(1,531,275)
Change in money pool receivable - net	9,106		(22,528)
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	1,075,180		525,789
Retirement of long-term debt	(555,940)		(774,772)
Changes in credit borrowings - net	15,960		17,123
Dividends paid:
Common stock	(296,355)		(298,796)
Preferred stock	(10,031)		(10,033)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net increase (decrease) in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	77		26,054
Entergy Arkansas
OPERATING ACTIVITIES
Net income	75,906		70,654
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	167,451		179,316
Deferred income taxes, investment tax credits, and non-current taxes accrued	53,803		(156,174)
Changes in working capital:
Receivables	(42,944)		(21,628)
Fuel inventory	719		(4,815)
Accounts payable	35,435		(51,095)
Prepaid taxes and taxes accrued	(7,142)		172,506
Interest accrued	2,204		(836)
Deferred fuel	9,409		137,385
Other working capital accounts	(22,042)		70,417
Changes in provisions for estimated losses	(2,486)		(8,125)
Changes in other regulatory assets	13,074		(38,326)
Changes in pension and other postretirement liabilities	(91,437)		(28,336)
Other	(27,151)		30,403
Net cash flow provided by operating activities	164,799		351,346
INVESTING ACTIVITIES
Construction expenditures	(173,311)		(144,478)
Allowance for equity funds used during construction	3,518		2,758
Nuclear fuel purchases	(110,848)		(12,129)
Proceeds from sale of equipment			2,489
Decrease (increase) in other investments			2,415
Proceeds from nuclear decommissioning trust fund sales	46,176		132,340
Investment in nuclear decommissioning trust funds	(57,102)		(136,329)
Change in money pool receivable - net	29,471		(2,923)
Investment in affiliates	10,994
Remittances to transition charge account	(6,867)
Payments from transition charge account	6,336
Net cash flow used in investing activities	(251,633)		(155,857)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	54,905
Retirement of long-term debt	(4,145)		(100,000)
Changes in credit borrowings - net	(27,160)		(25,777)
Dividends paid:
Common stock	(29,000)		(53,400)
Preferred stock	(3,437)		(3,437)
Other			(816)
Net cash flow provided by (used in) financing activities	(8,837)		(183,430)
Net increase (decrease) in cash and cash equivalents	(95,671)		12,059
Cash and cash equivalents at beginning of period	106,102		86,233
Cash and cash equivalents at end of period	10,431		98,292
Cash paid during the period for:
Interest - net of amount capitalized	37,358		43,570
Income taxes			$ 10,000

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Balance Sheets (SYSTEM ENERGY RESOURCES, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Accounts receivable:
Other	162,190	161,662
Total accounts receivable	1,203,102	1,035,582
Materials and supplies - at average cost	869,341	866,908
Deferred nuclear refueling outage costs	287,282	218,423
Prepaid taxes	304,617	301,807
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	3,775,026	3,595,716
TOTAL	4,491,902	4,300,206
UTILITY PLANT
Electric	38,179,664	37,153,061
Property under capital lease	790,533	800,078
Construction work in progress	1,799,906	1,661,560
Nuclear fuel	1,451,087	1,377,962
TOTAL UTILITY PLANT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
UTILITY PLANT - NET	24,638,853	23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137	845,725
Other regulatory assets	3,736,785	3,838,237
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
CURRENT LIABILITIES
Currently maturing long-term debt	128,062	299,548
Accounts payable:
Associated companies	130,795	154,135
Accumulated deferred income taxes	99,147	49,307
Interest accrued	178,280	217,685
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Other regulatory liabilities	578,821	539,026
Decommissioning and asset retirement cost liabilities	3,218,881	3,148,479
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
COMMON EQUITY
Common stock	2,548	2,548
Retained earnings	8,957,516	8,689,401
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761	38,685,276
System Energy
Cash and cash equivalents:
Cash	680	903
Temporary cash investments	67,726	262,869
Total cash and cash equivalents	68,406	263,772
Accounts receivable:
Associated companies	201,528	147,180
Other	5,503	5,070
Total accounts receivable	207,031	152,250
Loan to affiliate	20,000	0
Materials and supplies - at average cost	86,432	84,077
Deferred nuclear refueling outage costs	14,337	22,627
Prepaid taxes	18,691	68,039
Prepayments and other	4,699	1,142
TOTAL	419,596	591,907
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	417,471	387,876
TOTAL	417,471	387,876
UTILITY PLANT
Electric	3,374,061	3,362,422
Property under capital lease	480,899	489,175
Construction work in progress	292,016	210,536
Nuclear fuel	147,965	155,282
TOTAL UTILITY PLANT	4,294,941	4,217,415
Less - accumulated depreciation and amortization	2,462,681	2,417,811
UTILITY PLANT - NET	1,832,260	1,799,604
Regulatory assets:
Regulatory asset for income taxes - net	126,755	126,642
Other regulatory assets	260,067	296,715
Other	22,540	21,326
TOTAL	409,362	444,683
TOTAL ASSETS	3,078,689	3,224,070
CURRENT LIABILITIES
Currently maturing long-term debt	40,163	33,740
Short-term borrowings	501	38,264
Accounts payable:
Associated companies	5,115	6,520
Other	42,972	38,447
Accumulated deferred income taxes	4,661	8,508
Interest accrued	12,969	56,081
Other	2,263	2,258
TOTAL	108,644	183,818
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	614,203	617,012
Accumulated deferred investment tax credits	53,017	54,755
Other regulatory liabilities	226,452	201,364
Decommissioning and asset retirement cost liabilities	429,708	452,782
Pension and other postretirement liabilities	85,408	105,245
Long-term debt	746,848	796,728
Other	21	0
TOTAL	2,155,657	2,227,886
Commitments and Contingencies
COMMON EQUITY
Common stock	789,350	789,350
Retained earnings	25,038	23,016
TOTAL	814,388	812,366
TOTAL LIABILITIES AND EQUITY	$ 3,078,689	$ 3,224,070

XML



Balance Sheets (ENTERGY NEW ORLEANS, INC.) (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2011	Dec. 31, 2010
COMMON EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	254,752,788
Entergy New Orleans
COMMON EQUITY
Common stock, par value	$ 4	$ 4
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	8,435,900	8,435,900
Common stock, shares outstanding	8,435,900	8,435,900

XML



Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2011

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

Financial information for stock options

	2011		2010
	(In Millions)
Compensation expense included in Entergy’s net income for the second quarter	$	2.5	$	3.7
Tax benefit recognized in Entergy’s net income for the second quarter	$	1.0	$	1.4
Compensation expense included in Entergy’s net income for the six months ended June 30,	$	5.5	$	7.6
Tax benefit recognized in Entergy’s net income for the six months ended June 30,	$	2.1	$	2.9
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$	1.0	$	1.4

Restricted Awards [Member]

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

Financial information for stock options

	2011		2010
	(In Millions)
Compensation expense included in Entergy’s net income for the second quarter	$	1.0	$	—
Tax benefit recognized in Entergy’s net income for the second quarter	$	0.4	$	—
Compensation expense included in Entergy’s net income for the six months ended June 30,	$	2.0	$	—
Tax benefit recognized in Entergy’s net income for the six months ended June 30	$	0.8	$	—
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$	0.3	$	—

XML



Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Business Segment Information (Tables) [Abstract]

Segment Financial Information

     Entergy’s segment financial information for the second quarters of 2011 and 2010 is as follows:

			Entergy
			Wholesale
	Utility		Commodities*		All Other			Eliminations			Consolidated
	(In Thousands)
2011
Operating revenues	$	2,241,475	$	568,076	$	1,038		$	(7,310	)	$	2,803,279
Income taxes (benefit)	$	139,036	$	64,324	$	(52,407	)	$	—		$	150,953
Consolidated net income	$	252,741	$	65,556	$	29,946		$	(27,645	)	$	320,598
2010
Operating revenues	$	2,246,108	$	622,067	$	2,068		$	(7,293	)	$	2,862,950
Income taxes (benefit)	$	141,047	$	67,348	$	(4,488	)	$	—		$	203,907
Consolidated net income	$	230,173	$	104,557	$	3,912		$	(18,359	)	$	320,283

     Entergy’s segment financial information for the six months ended June 30, 2011 and 2010 is as follows:

			Entergy
			Wholesale
	Utility		Commodities*		All Other			Eliminations			Consolidated
	(In Thousands)
2011
Operating revenues	$	4,179,093	$	1,178,223	$	2,138		$	(14,966	)	$	5,344,488
Income taxes (benefit)	$	229,241	$	149,265	$	(63,303	)	$	—		$	315,203
Consolidated net income	$	421,394	$	188,789	$	19,383		$	(55,289	)	$	574,277
2010
Operating revenues	$	4,349,937	$	1,282,466	$	4,025		$	(14,132	)	$	5,622,296
Income taxes (benefit)	$	231,017	$	154,888	$	(34,313	)	$	—		$	351,592
Consolidated net income	$	373,144	$	195,099	$	7,573		$	(36,719	)	$	539,097

XML



Decommissioning Trust Funds

6 Months Ended

Jun. 30, 2011

Decommissioning Trust Fund [Abstract]

DECOMMISSIONING TRUST FUNDS

NOTE 9. DECOMMISSIONING TRUST FUNDS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)

     Entergy holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts. The NRC requires Entergy subsidiaries to maintain trusts to fund the costs of decommissioning ANO 1, ANO 2, River Bend, Waterford 3, Grand Gulf, Pilgrim, Indian Point 1 and 2, Vermont Yankee, and Palisades (NYPA currently retains the decommissioning trusts and liabilities for Indian Point 3 and FitzPatrick). The funds are invested primarily in equity securities; fixed-rate, fixed-income securities; and cash and cash equivalents.

     Entergy records decommissioning trust funds on the balance sheet at their fair value. Because of the ability of the Registrant Subsidiaries to recover decommissioning costs in rates and in accordance with the regulatory treatment for decommissioning trust funds, the Registrant Subsidiaries have recorded an offsetting amount of unrealized gains/(losses) on investment securities in other regulatory liabilities/assets. For the nonregulated portion of River Bend, Entergy Gulf States Louisiana has recorded an offsetting amount of unrealized gains/(losses) in other deferred credits. Decommissioning trust funds for Pilgrim, Indian Point 1 and 2, Vermont Yankee, and Palisades do not meet the criteria for regulatory accounting treatment. Accordingly, unrealized gains recorded on the assets in these trust funds are recognized in the accumulated other comprehensive income component of common shareholders’ equity because these assets are classified as available for sale. Unrealized losses (where cost exceeds fair market value) on the assets in these trust funds are also recorded in the accumulated other comprehensive income component of shareholders’ equity unless the unrealized loss is other than temporary and therefore recorded in earnings. Generally, Entergy records realized gains and losses on its debt and equity securities using the specific identification method to determine the cost basis of its securities.

     The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

			Total		Total
	Fair		Unrealized		Unrealized
	Value		Gains		Losses
	(In Millions)
2011
Equity Securities	$	2,204	$	525	$	5
Debt Securities		1,571		75		5
Total	$	3,775	$	600	$	10
2010
Equity Securities	$	2,076	$	436	$	9
Debt Securities		1,520		67		12
Total	$	3,596	$	503	$	21

Deferred taxes on unrealized gains/(losses) are recorded in other comprehensive income for the decommissioning trusts which do not meet the criteria for regulatory accounting treatment as described above. Unrealized gains/(losses) above are reported before deferred taxes of $159 million and $130 million as of June 30, 2011 and December 31, 2010, respectively. The amortized cost of debt securities was $1,508 million as of June 30, 2011 and $1,475 million as of December 31, 2010. As of June 30, 2011, the debt securities have an average coupon rate of approximately 4.23%, an average duration of approximately 5.16 years, and an average maturity of approximately 8.62 years. The equity securities are generally held in funds that are designed to approximate or somewhat exceed the return of the Standard & Poor’s 500 Index. A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index or the Russell 3000 Index.

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	49	$	1	$	314	$	5
More than 12 months		52		4		5		—
Total	$	101	$	5	$	319	$	5

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	15	$	1	$	474	$	11
More than 12 months		105		8		4		1
Total	$	120	$	9	$	478	$	12

The unrealized losses in excess of twelve months on equity securities above relate to Entergy’s Utility operating companies and System Energy.

     The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011		2010
	(In Millions)
Less than 1 year	$	51	$	37
1 year - 5 years		564		557
5 years - 10 years		548		512
10 years - 15 years		161		163
15 years - 20 years		46		47
20 years+		201		204
Total	$	1,571	$	1,520

     During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $144 million and $716 million, respectively. During the three months ended June 30, 2011 and 2010, gross gains of $4 million and $9 million, respectively, and gross losses of $1 million and $2 million, respectively, were reclassified out of other comprehensive income into earnings.

     During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $636 million and $1,487 million, respectively. During the six months ended June 30, 2011 and 2010, gross gains of $8 million and $24 million, respectively, and gross losses of $6 million and $4 million, respectively, were reclassified out of other comprehensive income into earnings.

Entergy Arkansas

     Entergy Arkansas holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts. The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

			Total		Total
	Fair		Unrealized		Unrealized
	Value		Gains		Losses
	(In Millions)
2011
Equity Securities	$	342.8	$	90.7	$	0.1
Debt Securities		208.2		11.1		0.5
Total	$	551.0	$	101.8	$	0.6
2010
Equity Securities	$	319.7	$	74.2	$	0.3
Debt Securities		201.1		11.0		1.0
Total	$	520.8	$	85.2	$	1.3

The amortized cost of debt securities was $198.4 million as of June 30, 2011 and $191.2 million as of December 31, 2010. As of June 30, 2011, the debt securities have an average coupon rate of approximately 4.02%, an average duration of approximately 4.78 years, and an average maturity of approximately 5.61 years. The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index. A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	3.1	$	0.1	$	43.9	$	0.5
More than 12 months		0.1		—		—		—
Total	$	3.2	$	0.1	$	43.9	$	0.5

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	—	$	—	$	44.3	$	1.0
More than 12 months		6.6		0.3		—		—
Total	$	6.6	$	0.3	$	44.3	$	1.0

     The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011		2010
	(In Millions)
Less than 1 year	$	3.6	$	5.3
1 year - 5 years		98.9		100.1
5 years - 10 years		97.0		85.2
10 years - 15 years		3.6		4.5
15 years - 20 years		—		—
20 years+		5.1		6.0
Total	$	208.2	$	201.1

     During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $15.1 million and $33.3 million, respectively. During the three months ended June 30, 2011 and 2010, gross gains of $0.7 million and $0.6 million, respectively, and gross losses of $0.03 million and $0.3 million, respectively, were reclassified out of other comprehensive income into earnings.

     During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $46.2 million and $132.3 million, respectively. During the six months ended June 30, 2011 and 2010, gross gains of $1.3 million and $2.6 million, respectively, and gross losses of $0.03 million and $0.6 million, respectively, were reclassified out of other comprehensive income into earnings.

Entergy Gulf States Louisiana

     Entergy Gulf States Louisiana holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts. The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

			Total		Total
	Fair		Unrealized		Unrealized
	Value		Gains		Losses
	(In Millions)
2011
Equity Securities	$	252.7	$	53.2	$	0.6
Debt Securities		165.4		11.1		0.4
Total	$	418.1	$	64.3	$	1.0
2010
Equity Securities	$	234.9	$	41.7	$	1.4
Debt Securities		158.7		8.8		0.8
Total	$	393.6	$	50.5	$	2.2

The amortized cost of debt securities was $153.8 million as of June 30, 2011 and $150.0 million as of December 31, 2010. As of June 30, 2011, the debt securities have an average coupon rate of approximately 4.50%, an average duration of approximately 5.97 years, and an average maturity of approximately 8.91 years. The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index. A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	3.7	$	—	$	16.0	$	0.2
More than 12 months		8.7		0.6		1.0		0.2
Total	$	12.4	$	0.6	$	17.0	$	0.4

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities
			Gross		Debt Securities
	Fair		Unrealized				Gross
	Value		Losses		Fair		Unrealized
	(In Millions)				Value		Losses
Less than 12 months	$	—	$	—	$	22.6	$	0.6
More than 12 months		18.6		1.4		0.9		0.2
Total	$	18.6	$	1.4	$	23.5	$	0.8

     The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011		2010
	(In Millions)
Less than 1 year	$	4.9	$	4.7
1 year - 5 years		34.2		35.0
5 years - 10 years		57.7		54.2
10 years - 15 years		52.1		48.1
15 years - 20 years		4.9		3.7
20 years+		11.6		13.0
Total	$	165.4	$	158.7

     During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $8.8 million and $36.5 million, respectively. During the three months ended June 30, 2011 and 2010, gross gains of $0.4 million and $0.6 million, respectively, and gross losses of $0.03 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

     During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $20.7 million and $78.8 million, respectively. During the six months ended June 30, 2011 and 2010, gross gains of $0.4 million and $1.5 million, respectively, and gross losses of $0.07 million and $0.2 million, respectively, were reclassified out of other comprehensive income into earnings.

Entergy Louisiana

     Entergy Louisiana holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts. The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

			Total		Total
	Fair		Unrealized		Unrealized
	Value		Gains		Losses
	(In Millions)
2011
Equity Securities	$	155.6	$	37.7	$	0.8
Debt Securities		99.1		6.0		0.1
Total	$	254.7	$	43.7	$	0.9
2010
Equity Securities	$	143.9	$	31.0	$	1.7
Debt Securities		96.6		5.3		0.1
Total	$	240.5	$	36.3	$	1.8

The amortized cost of debt securities was $92.8 million as of June 30, 2011 and $91.0 million as of December 31, 2010. As of June 30, 2011, the debt securities have an average coupon rate of approximately 3.97%, an average duration of approximately 4.64 years, and an average maturity of approximately 9.08 years. The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index. A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	2.4	$	—	$	4.1	$	0.1
More than 12 months		10.8		0.8		0.1		—
Total	$	13.2	$	0.8	$	4.2	$	0.1

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	—	$	—	$	4.8	$	0.1
More than 12 months		18.9		1.7		0.2		—
Total	$	18.9	$	1.7	$	5.0	$	0.1

     The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and December 31, 2010 are as follows:

	2011		2010
	(In Millions)
Less than 1 year	$	2.1	$	5.3
1 year - 5 years		35.4		28.1
5 years - 10 years		25.3		31.5
10 years - 15 years		17.8		14.1
15 years - 20 years		1.8		2.9
20 years+		16.7		14.7
Total	$	99.1	$	96.6

     During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $1.7 million and $6.2 million, respectively. During the three months ended June 30, 2011 and 2010, gross gains of $0.03 million and $0.02 million, respectively, and gross losses of $0.02 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

     During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $7.8 million and $26.7 million, respectively. During the six months ended June 30, 2011 and 2010, gross gains of $0.09 million and $0.6 million, respectively, and gross losses of $0.03 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

System Energy

     System Energy holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts. The securities held as of June 30, 2011 and December 31, 2010 are summarized as follows:

			Total		Total
	Fair		Unrealized		Unrealized
	Value		Gains		Losses
	(In Millions)
2011
Equity Securities	$	241.8	$	46.2	$	2.5
Debt Securities		175.7		5.0		0.5
Total	$	417.5	$	51.2	$	3.0
2010
Equity Securities	$	224.0	$	37.3	$	5.2
Debt Securities		163.9		4.4		1.5
Total	$	387.9	$	41.7	$	6.7

The amortized cost of debt securities was $169.1 million as of June 30, 2011 and $159.3 million as of December 31, 2010. As of June 30, 2011, the debt securities have an average coupon rate of approximately 3.68%, an average duration of approximately 4.73 years, and an average maturity of approximately 7.38 years. The equity securities are generally held in funds that are designed to approximate the return of the Standard & Poor’s 500 Index. A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index.

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	18.6	$	0.3	$	33.3	$	0.5
More than 12 months		31.5		2.2		—		—
Total	$	50.1	$	2.5	$	33.3	$	0.5

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	—	$	—	$	63.0	$	1.5
More than 12 months		61.1		5.2		—		—
Total	$	61.1	$	5.2	$	63.0	$	1.5

     The fair value of debt securities, summarized by contractual maturities, as of June 30, 2011 and 2010 are as follows:

	2011		2010
	(In Millions)
Less than 1 year	$	8.8	$	1.8
1 year - 5 years		85.7		79.8
5 years - 10 years		53.5		52.3
10 years - 15 years		0.5		2.5
15 years - 20 years		5.0		3.8
20 years+		22.2		23.7
Total	$	175.7	$	163.9

     During the three months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $17.9 million and $56.8 million, respectively. During the three months ended June 30, 2011 and 2010, gross gains of $0.1 million and $0.4 million, respectively, and gross losses of $0.02 million and $0.1 million, respectively, were reclassified out of other comprehensive income into earnings.

     During the six months ended June 30, 2011 and 2010, proceeds from the dispositions of securities amounted to $106.5 million and $138.2 million, respectively. During the six months ended June 30, 2011 and 2010, gross gains of $0.5 million and $1.4 million, respectively, and gross losses of $1 million and $0.2 million, respectively, were reclassified out of other comprehensive income into earnings.

Other-than-temporary impairments and unrealized gains and losses

     Entergy, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy evaluate unrealized losses at the end of each period to determine whether an other-than-temporary impairment has occurred. The assessment of whether an investment in a debt security has suffered an other-than-temporary impairment is based on whether Entergy has the intent to sell or more likely than not will be required to sell the debt security before recovery of its amortized costs. Further, if Entergy does not expect to recover the entire amortized cost basis of the debt security, an other-than-temporary impairment is considered to have occurred and it is measured by the present value of cash flows expected to be collected less the amortized cost basis (credit loss). Entergy did not have any material other-than-temporary impairments relating to credit losses on debt securities for the three and six months ended June 30, 2011 and 2010. The assessment of whether an investment in an equity security has suffered an other-than-temporary impairment continues to be based on a number of factors including, first, whether Entergy has the ability and intent to hold the investment to recover its value, the duration and severity of any losses, and, then, whether it is expected that the investment will recover its value within a reasonable period of time. Entergy’s trusts are managed by third parties who operate in accordance with agreements that define investment guidelines and place restrictions on the purchases and sales of investments. Entergy Wholesale Commodities did not record material charges to other income in the three and six months ended June 30, 2011 and 2010, respectively, resulting from the recognition of the other-than-temporary impairment of certain equity securities held in its decommissioning trust funds.

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Rate and Regulatory Matters (Details Textuals) (USD $)	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 31, 2011	Mar. 31, 2011	Jun. 30, 2011
Rate and Regulatory Matters (Textuals) [Abstract]
Amount related to a realignment to and recovery through base rates of certain fuel costs			$ 2,000,000
Entergy Gulf States Louisiana [Member]
Rate and Regulatory Matters (Textuals) [Abstract]
Disallowance costs recommended			23,000,000
Total disallowance costs including interest			43,000,000
Refund for fuel cost recovery			18,000,000
Earned return on common equity	8.84%
Revenue deficiency	300,000
Rate plan to reflect adjustments			5,100,000
Earned return on common equity adjusted		11.76%	11.11%
Reduction in rate		200,000	22,800,000
Entergy Texas [Member]
Rate and Regulatory Matters (Textuals) [Abstract]
Refund for fuel cost recovery			73,000,000
Entergy Mississippi [Member]
Rate and Regulatory Matters (Textuals) [Abstract]
Earned return on common equity adjusted			10.65%
Entergy Louisiana, LLC [Member]
Rate and Regulatory Matters (Textuals) [Abstract]
Amount to be Recovered from proposed settlement		200,000,000
Rate plan to reflect adjustments			43,100,000
Earned return on common equity adjusted			11.07%
Reduction in rate			9,000
Effect of rate change on revenues			9,000,000
Entergy New Orleans
Rate and Regulatory Matters (Textuals) [Abstract]
Increase in annual funding for storm reserve			3,700,000
Decrease in electric base revenue			6,500,000
Increase in gas base rate.			$ 1,100,000

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Consolidated Balance Sheets (ENTERGY ARKANSAS, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Securitization recovery trust account	33,938	43,044
Accounts receivable:
Customer	693,937	602,796
Allowance for doubtful accounts	(31,002)	(31,777)
Other	162,190	161,662
Accrued unbilled revenues	377,977	302,901
Total accounts receivable	1,203,102	1,035,582
Deferred fuel costs	111,444	64,659
Fuel inventory - at average cost	212,982	207,520
Materials and supplies - at average cost	869,341	866,908
Deferred nuclear refueling outage costs	287,282	218,423
System agreement cost equalization	66,351	52,160
Prepaid taxes	304,617	301,807
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	3,775,026	3,595,716
Non-utility property - at cost (less accumulated depreciation)	260,614	257,847
Other	412,090	405,946
TOTAL	4,491,902	4,300,206
UTILITY PLANT
Electric	38,179,664	37,153,061
Natural gas	336,814	330,608
Property under capital lease	790,533	800,078
Construction work in progress	1,799,906	1,661,560
Nuclear fuel	1,451,087	1,377,962
TOTAL UTILITY PLANT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
UTILITY PLANT - NET	24,638,853	23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137	845,725
Other regulatory assets	3,736,785	3,838,237
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
CURRENT LIABILITIES
Currently maturing long-term debt	128,062	299,548
Accounts payable:
Associated companies	130,795	154,135
Customer deposits	345,079	335,058
Accumulated deferred income taxes	99,147	49,307
Interest accrued	178,280	217,685
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Other regulatory liabilities	578,821	539,026
Decommissioning and asset retirement cost liabilities	3,218,881	3,148,479
Accumulated provisions	390,089	395,250
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
Preferred membership interests without sinking fund	216,745	216,738
COMMON EQUITY
Common stock	2,548	2,548
Paid-in capital	5,366,132	5,367,474
Retained earnings	8,957,516	8,689,401
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761	38,685,276
Entergy Arkansas
Cash and cash equivalents:
Cash	5,537	4,250
Temporary cash investments	4,894	101,852
Total cash and cash equivalents	10,431	106,102
Securitization recovery trust account	2,943	2,412
Accounts receivable:
Customer	96,199	79,905
Allowance for doubtful accounts	(23,955)	(24,402)
Associated companies	52,555	82,583
Other	64,754	61,135
Accrued unbilled revenues	97,368	74,227
Total accounts receivable	286,921	273,448
Deferred fuel costs	52,093	61,502
Fuel inventory - at average cost	36,980	37,699
Materials and supplies - at average cost	139,289	140,095
Deferred nuclear refueling outage costs	38,893	23,099
System agreement cost equalization	66,351	52,160
Prepaid taxes	93,835	86,693
Prepayments and other	10,052	7,877
TOTAL	737,788	791,087
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	551,003	520,841
Non-utility property - at cost (less accumulated depreciation)	1,681	1,684
Other	3,182	14,176
TOTAL	555,866	536,701
UTILITY PLANT
Electric	7,871,282	7,787,348
Property under capital lease	1,269	1,303
Construction work in progress	182,127	114,324
Nuclear fuel	260,315	188,611
TOTAL UTILITY PLANT	8,314,993	8,091,586
Less - accumulated depreciation and amortization	3,775,019	3,683,001
UTILITY PLANT - NET	4,539,974	4,408,585
Regulatory assets:
Regulatory asset for income taxes - net	93,203	98,836
Other regulatory assets	885,492	892,449
Other	29,553	23,710
TOTAL	1,008,248	1,014,995
TOTAL ASSETS	6,841,876	6,751,368
CURRENT LIABILITIES
Currently maturing long-term debt	35,000	35,000
Short-term borrowings	35,617	62,777
Accounts payable:
Associated companies	106,654	92,627
Other	138,034	114,454
Customer deposits	78,209	72,535
Accumulated deferred income taxes	91,148	82,820
Interest accrued	29,224	27,020
Other	24,753	21,115
TOTAL	538,639	508,348
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	1,704,262	1,661,365
Accumulated deferred investment tax credits	43,933	44,928
Other regulatory liabilities	150,017	140,801
Decommissioning and asset retirement cost liabilities	620,903	602,164
Accumulated provisions	5,484	7,970
Pension and other postretirement liabilities	324,488	415,925
Long-term debt	1,879,895	1,828,910
Other	10,530	20,701
TOTAL	4,739,512	4,722,764
Commitments and Contingencies
Preferred membership interests without sinking fund	116,350	116,350
COMMON EQUITY
Common stock	470	470
Paid-in capital	588,444	588,444
Retained earnings	858,461	814,992
TOTAL	1,447,375	1,403,906
TOTAL LIABILITIES AND EQUITY	$ 6,841,876	$ 6,751,368

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Business Segment Information (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Segment Financial Information
Operating revenues	$ 2,803,279	$ 2,862,950	$ 5,344,488	$ 5,622,296
Income taxes (benefits)	150,953	203,907	315,203	351,592
Consolidated net income (loss)	320,598	320,283	574,277	539,097
Utility [Member]
Segment Financial Information
Operating revenues	2,241,475	2,246,108	4,179,093	4,349,937
Income taxes (benefits)	139,036	141,047	229,241	231,017
Consolidated net income (loss)	252,741	230,173	421,394	373,144
Entergy Wholesale Commodities [Member]
Segment Financial Information
Operating revenues	568,076	622,067	1,178,223	1,282,466
Income taxes (benefits)	64,324	67,348	149,265	154,888
Consolidated net income (loss)	65,556	104,557	188,789	195,099
All Other [Member]
Segment Financial Information
Operating revenues	1,038	2,068	2,138	4,025
Income taxes (benefits)	(52,407)	(4,488)	(63,303)	(34,313)
Consolidated net income (loss)	29,946	3,912	19,383	7,573
Eliminations [Member]
Segment Financial Information
Operating revenues	(7,310)	(7,293)	(14,966)	(14,132)
Consolidated net income (loss)	$ (27,645)	$ (18,359)	$ (55,289)	$ (36,719)

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Statements of Changes in Common Equity SYSTEM ENERGY RESOURCES, INC.) (Unaudited) (USD $) In Thousands	Total		Common Stock	Retained Earnings		System Energy	System Energy Common Stock	System Energy Retained Earnings
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 2,548	$ 8,043,122		$ 829,942	$ 789,350	$ 40,592
Net income	539,097	[1]		529,064	[1]	41,005		41,055
Common stock	(298,796)					(36,700)		(36,700)
Ending Balance at Jun. 30, 2010	8,864,738		2,548	8,273,153		834,297	789,350	44,947
Beginning Balance at Mar. 31, 2010
Net income	320,283					20,442
Ending Balance at Jun. 30, 2010	8,864,738		2,548			834,297	789,350
Beginning Balance at Dec. 31, 2010	8,590,400		2,548	8,689,401		812,366	789,350	23,016
Net income	574,277	[1]		564,246	[1]	41,322		41,322
Common stock	(296,355)					(39,300)		(39,300)
Ending Balance at Jun. 30, 2011	8,691,566		2,548	8,957,516		814,388	789,350	25,038
Beginning Balance at Mar. 31, 2011
Net income	320,598					21,986
Ending Balance at Jun. 30, 2011	$ 8,691,566		$ 2,548			$ 814,388	$ 789,350

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Income Statements (ENTERGY NEW ORLEANS, INC.) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Natural gas	28,891	31,136	100,014		127,163
TOTAL	2,803,279	2,862,950	5,344,488		5,622,296
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
NET INCOME	320,598	320,283	574,277	[1]	539,097	[1]
Preferred dividend requirements and other	5,015	5,017	10,031		10,033
EARNINGS APPLICABLE TO COMMON STOCK	315,583	315,266	564,246		529,064
Entergy New Orleans
OPERATING REVENUES
Electric	132,521	119,666	248,511		244,632
Natural gas	17,977	18,915	60,243		74,048
TOTAL	150,498	138,581	308,754		318,680
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	34,832	11,867	80,685		71,958
Purchased power	51,475	60,229	99,381		109,138
Other operation and maintenance	28,960	37,053	56,106		65,181
Taxes other than income taxes	10,131	10,125	21,152		22,071
Depreciation and amortization	8,906	8,816	17,898		17,525
Other regulatory charges - net	478	568	957		1,332
TOTAL	134,782	128,658	276,179		287,205
OPERATING INCOME	15,716	9,923	32,575		31,475
OTHER INCOME
Allowance for equity funds used during construction	116	192	222		361
Interest and investment income	9	162	63		296
Miscellaneous - net	(293)	(287)	(529)		(471)
TOTAL	(168)	67	(244)		186
INTEREST EXPENSE
Interest expense	2,764	3,536	5,553		7,593
Allowance for borrowed funds used during construction	(52)	(92)	(100)		(174)
TOTAL	2,712	3,444	5,453		7,419
INCOME BEFORE INCOME TAXES	12,836	6,546	26,878		24,242
Income taxes	4,626	1,079	9,785		7,214
NET INCOME	8,210	5,467	17,093		17,028
Preferred dividend requirements and other	241	241	482		482
EARNINGS APPLICABLE TO COMMON STOCK	$ 7,969	$ 5,226	$ 16,611		$ 16,546

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Equity (Details 1) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
Other comprehensive income and total comprehensive income
Consolidated net income	$ 320,598	$ 320,283	$ 574,277	[1]	$ 539,097	[1]
Other comprehensive income
Cash flow hedges net unrealized loss	(13,516)	(83,467)	(71,724)		59,071
Pension and other postretirement liabilities (net of tax expense of $543)	(2,339)	(3,205)	(6,598)		(5,010)
Net unrealized investment gain (loss)	3,186	(36,043)	27,871		(19,202)
Foreign currency translation	11	(152)	311		(759)
Total comprehensive income	312,618	203,826	537,333		583,217
Equity (Textuals) [Abstract]
Treasury Stock issued			424,598
Common stock purchased			2,337,000
Common stock repurchases			(159,602)		(137,749)
Common stock dividend	$ 0.83	$ 0.83	$ 1.66		$ 1.58
Net of tax benefit in cash flow hedges net unrealized loss	7,208	50,672	(41,843)		36,587
Net of tax expense in pension and other postretirement liabilities	1,964	1,650
Net of tax expense (benefit) net unrealized investment gains	3,386	(33,891)
Net of tax expense (benefit) in foreign currency translation	$ 6	$ (82)	$ 167		$ (409)

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Risk Management and Fair Values (Details Textuals) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Risk Management and Fair Values (Textuals) [Abstract]
Cash flow hedges relating to power sales as part of net gains			$ 90
Reclassified from accumulated other comprehensive income (OCI) to operating revenues			96
Amount of gain reclassified from accumulated OCI into income (effective portion)	32	67	61	103
Maturity of cash flow hedges, Tax	11	23	21	36
Maximum length of time over which Company is currently hedging the variability in future cash flows for forecasted power transactions	approximately 3.5 years		approximately 3.5 years
Planned generation sold forward from Wholesale Commodities	96.00%		96.00%
Planned Generation Sold Forward under financial derivatives	46.00%		46.00%
Dollar amount of hedge contract in a liability position	9		9
Total volume of natural gas swaps outstanding (MMBtu)	31,620,000		31,620,000
Cash flow hedges in-the-money contracts	107		107
Cash flow hedges out-of-the-money contracts	$ 9		$ 9
Average coupon rate of debt securities	4.23%		4.23%

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Decommissioning Trust Funds (Tables)

6 Months Ended

Jun. 30, 2011

Decommissioning Trust Funds (Tables) [Abstract]

Securities held

			Total		Total
	Fair		Unrealized		Unrealized
	Value		Gains		Losses
	(In Millions)
2011
Equity Securities	$	2,204	$	525	$	5
Debt Securities		1,571		75		5
Total	$	3,775	$	600	$	10
2010
Equity Securities	$	2,076	$	436	$	9
Debt Securities		1,520		67		12
Total	$	3,596	$	503	$	21

Available for sale Securities Continuous Unrealized Loss Position Fair Value

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of June 30, 2011:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	49	$	1	$	314	$	5
More than 12 months		52		4		5		—
Total	$	101	$	5	$	319	$	5

     The fair value and gross unrealized losses of available-for-sale equity and debt securities, summarized by investment type and length of time that the securities have been in a continuous loss position, are as follows as of December 31, 2010:

	Equity Securities				Debt Securities
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses
	(In Millions)
Less than 12 months	$	15	$	1	$	474	$	11
More than 12 months		105		8		4		1
Total	$	120	$	9	$	478	$	12

Fair value of debt securities by contractual maturities

	2011		2010
	(In Millions)
Less than 1 year	$	51	$	37
1 year - 5 years		564		557
5 years - 10 years		548		512
10 years - 15 years		161		163
15 years - 20 years		46		47
20 years+		201		204
Total	$	1,571	$	1,520

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Consolidated Income Statements (ENTERGY TEXAS, INC. AND SUBSIDIARIES) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
NET INCOME	320,598	320,283	574,277	[1]	539,097	[1]
Entergy Texas
OPERATING REVENUES
Electric	444,423	471,153	793,307		807,359
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	75,742	128,897	119,823		135,456
Purchased power	210,847	188,882	391,511		381,576
Other operation and maintenance	49,677	51,954	96,918		95,323
Taxes other than income taxes	15,030	14,234	29,887		30,759
Depreciation and amortization	19,710	19,880	39,236		39,008
Other regulatory charges - net	15,735	13,691	12,657		29,539
TOTAL	386,741	417,538	690,032		711,661
OPERATING INCOME	57,682	53,615	103,275		95,698
OTHER INCOME
Allowance for equity funds used during construction	781	3,497	1,547		4,138
Interest and investment income	2,048	2,582	2,738		3,636
Miscellaneous - net	(795)	(305)	(970)		1,149
TOTAL	2,034	5,774	3,315		8,923
INTEREST EXPENSE
Interest expense	22,964	25,294	45,041		49,202
Allowance for borrowed funds used during construction	(542)	(2,031)	(1,068)		(2,511)
TOTAL	22,422	23,263	43,973		46,691
INCOME BEFORE INCOME TAXES	37,294	36,126	62,617		57,930
Income taxes	14,197	13,793	23,794		23,179
NET INCOME	$ 23,097	$ 22,333	$ 38,823		$ 34,751

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Balance Sheets (SYSTEM ENERGY RESOURCES, INC.) (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2011	Dec. 31, 2010
COMMON EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	254,752,788
System Energy
COMMON EQUITY
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares issued	789,350	789,350
Common stock, shares outstanding	789,350	789,350

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Balance Sheets (ENTERGY NEW ORLEANS, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Accounts receivable:
Customer	693,937	602,796
Allowance for doubtful accounts	(31,002)	(31,777)
Other	162,190	161,662
Accrued unbilled revenues	377,977	302,901
Total accounts receivable	1,203,102	1,035,582
Accumulated deferred income taxes	6,975	8,472
Fuel inventory - at average cost	212,982	207,520
Materials and supplies - at average cost	869,341	866,908
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Non-utility property at cost (less accumulated depreciation)	260,614	257,847
TOTAL	4,491,902	4,300,206
UTILITY PLANT
Electric	38,179,664	37,153,061
Natural gas	336,814	330,608
Construction work in progress	1,799,906	1,661,560
TOTAL UTILITY PLANT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
UTILITY PLANT - NET	24,638,853	23,848,355
Regulatory assets:
Deferred fuel costs	172,202	172,202
Other regulatory assets	3,736,785	3,838,237
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
Accounts payable:
Associated companies	130,795	154,135
Customer deposits	345,079	335,058
Interest accrued	178,280	217,685
Deferred fuel costs	15,142	166,409
System agreement cost equalization	66,351	52,160
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Asset retirement cost liabilities	3,218,881	3,148,479
Accumulated provisions	390,089	395,250
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
Preferred membership interests without sinking fund	216,745	216,738
COMMON EQUITY
Common stock	2,548	2,548
Paid-in capital	5,366,132	5,367,474
Retained earnings	8,957,516	8,689,401
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761	38,685,276
Entergy New Orleans
Cash and cash equivalents
Cash	714	1,386
Temporary cash investments	15,527	53,600
Total cash and cash equivalents	16,241	54,986
Accounts receivable:
Customer	37,659	38,160
Allowance for doubtful accounts	(628)	(734)
Associated companies	61,268	44,842
Other	4,835	1,824
Accrued unbilled revenues	19,151	19,100
Total accounts receivable	122,285	103,192
Accumulated deferred income taxes	15,489	15,092
Fuel inventory - at average cost	7,482	2,646
Materials and supplies - at average cost	9,667	9,896
Prepayments and other	9,752	5,375
TOTAL	180,916	191,187
OTHER PROPERTY AND INVESTMENTS
Non-utility property at cost (less accumulated depreciation)	1,016	1,016
Storm reserve escrow account	8,975	5,953
TOTAL	9,991	6,969
UTILITY PLANT
Electric	811,824	822,003
Natural gas	208,902	206,148
Construction work in progress	8,649	11,669
TOTAL UTILITY PLANT	1,029,375	1,039,820
Less - accumulated depreciation and amortization	517,410	531,871
UTILITY PLANT - NET	511,965	507,949
Regulatory assets:
Deferred fuel costs	4,080	4,080
Other regulatory assets	130,035	135,282
Other	5,974	8,081
TOTAL	140,089	147,443
TOTAL ASSETS	842,961	853,548
Accounts payable:
Associated companies	22,780	25,140
Other	23,326	30,093
Customer deposits	21,524	21,206
Taxes accrued	20,023	0
Interest accrued	2,471	2,828
Deferred fuel costs	395	6,927
System agreement cost equalization	21,779	15,510
Other	2,503	2,655
TOTAL	114,801	104,359
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	165,868	180,290
Accumulated deferred investment tax credits	1,687	1,835
Regulatory liability for income taxes - net	42,250	40,142
Asset retirement cost liabilities	3,513	3,396
Accumulated provisions	14,486	11,206
Pension and other postretirement liabilities	40,045	48,815
Long-term debt	166,714	167,215
Gas system rebuild insurance proceeds	68,380	75,700
Other	9,800	9,184
TOTAL	512,743	537,783
Commitments and Contingencies
Preferred membership interests without sinking fund	19,780	19,780
COMMON EQUITY
Common stock	33,744	33,744
Paid-in capital	36,294	36,294
Retained earnings	125,599	121,588
TOTAL	195,637	191,626
TOTAL LIABILITIES AND EQUITY	$ 842,961	$ 853,548

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Income Statements (ENTERGY LOUISIANA, LLC) (Unaudited) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Nuclear refueling outage expenses	62,966	64,221	126,951		126,510
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Decommissioning	55,497	52,467	110,762		104,043
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges (credits) - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
Net income	320,598	320,283	574,277	[1]	539,097	[1]
Preferred dividend requirements and other	5,015	5,017	10,031		10,033
EARNINGS APPLICABLE TO COMMON EQUITY	315,583	315,266	564,246		529,064
Entergy Louisiana
OPERATING REVENUES
Electric	651,847	619,473	1,167,281		1,230,997
Operation and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	143,532	143,426	228,757		302,675
Purchased power	230,546	212,402	430,924		432,475
Nuclear refueling outage expenses	6,706	6,172	14,181		12,270
Other operation and maintenance	106,439	104,706	212,804		206,686
Decommissioning	6,108	5,688	12,109		11,275
Taxes other than income taxes	18,345	15,158	35,084		33,158
Depreciation and amortization	51,777	47,291	101,423		97,518
Other regulatory charges (credits) - net	(8,254)	(5,485)	(12,210)		(11,503)
TOTAL	555,199	529,358	1,023,072		1,084,554
OPERATING INCOME	96,648	90,115	144,209		146,443
OTHER INCOME
Allowance for equity funds used during construction	8,277	6,990	15,651		13,527
Interest and investment income	23,716	18,566	44,126		34,908
Miscellaneous - net	(134)	(1,250)	(656)		(2,072)
TOTAL	31,859	24,306	59,121		46,363
INTEREST EXPENSE
Interest expense	30,700	30,152	59,335		61,189
Allowance for borrowed funds used during construction	(4,306)	(4,668)	(8,403)		(9,036)
TOTAL	26,394	25,484	50,932		52,153
INCOME BEFORE INCOME TAXES	102,113	88,937	152,398		140,653
Income taxes	27,010	27,678	36,997		42,562
Net income	75,103	61,259	115,401		98,091
Preferred dividend requirements and other	1,738	1,738	3,475		3,475
EARNINGS APPLICABLE TO COMMON EQUITY	$ 73,365	$ 59,521	$ 111,926		$ 94,616

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Equity (Tables)

6 Months Ended

Jun. 30, 2011

Equity (Tables) [Abstract]

Basic and diluted earnings per share

	For the Three Months Ended June 30,
	2011							2010
	(In Millions, Except Per Share Data)
	Income		Shares		$/share			Income		Shares		$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$	315.6		177.8	$	1.77		$	315.3		188.8	$	1.67
Average dilutive effect of:
Stock options		—		1.0		(0.01	)		—		1.9		(0.02	)
Restricted stock		—		0.1		—			—		—		—
Diluted earnings per share	$	315.6		178.9	$	1.76		$	315.3		190.7	$	1.65

	For the Six Months Ended June,
	2011							2010
	(In Millions, Except Per Share Data)
	Income		Shares		$/share			Income		Shares		$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$	564.2		178.3	$	3.16		$	529.1		189.0	$	2.80
Average dilutive effect of:
Stock options		—		1.0		(0.02	)		—		2.0		(0.03	)
Restricted stock		—		0.2		—			—		—		—
Diluted earnings per share	$	564.2		179.5	$	3.14		$	529.1		191.0	$	2.77

Accumulated other comprehensive income (loss)

							Entergy						Entergy
	Entergy						Gulf States Louisiana						Louisiana
	June 30,			December 31,			June 30,			December 31,			June 30,			December 31,
	2011			2010			2011			2010			2011			2010
	(In Thousands)
Cash flow hedges net unrealized gain	$	34,534		$	106,258		$	—		$	—		$	—		$	—
Pension and other postretirement liabilities		(269,868	)		(276,466	)		(39,075	)		(40,304	)		(23,861	)		(24,962	)
Net unrealized investment gains		157,556			129,685			—			—			—			—
Foreign currency translation		2,622			2,311			—			—			—			—
Total	$	(75,156	)	$	(38,212	)	$	(39,075	)	$	(40,304	)	$	(23,861	)	$	(24,962	)

Summarized other comprehensive income and total comprehensive income

	Entergy
Three Months Ended June 30,	2011			2010
	(In Thousands)
Consolidated net income	$	320,598		$	320,283
Other comprehensive income
Cash flow hedges net unrealized loss (a)		(13,516	)		(83,467	)
Pension and other postretirement liabilities (b)		2,339			3,205
Net unrealized investment gain (loss) (c)		3,186			(36,043	)
Foreign currency translation (d)		11			(152	)
Total	$	312,618		$	203,826

(a)	Net of tax benefit of $7,208 and $50,672, respectively.
(b)	Net of tax expense of $1,964 and $1,650, respectively.
(c)	Net of tax expense (benefit) of $3,386 and ($33,891), respectively.
(d)	Net of tax expense (benefit) of $6 and ($82), respectively.

	Entergy				Entergy
	Gulf States Louisiana				Louisiana
Three Months Ended June 30,	2011		2010		2011		2010
	(In Thousands)
Net income	$	49,310	$	32,154	$	75,103	$	61,259
Other comprehensive income
Pension and other postretirement liabilities (e)		486		519		367		445
Total	$	49,796	$	32,673	$	75,470	$	61,704

(e) Net of tax expense of $508, $505, $365, and $377, respectively.

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Income Taxes (Details Textuals) (USD $) In Millions	6 Months Ended
	Jun. 30, 2011
Income Taxes (Textuals) [Abstract]
Reversal of deferred taxes and liabilities for uncertain tax positions	$ 41

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Retirement and Other Postretirement Benefits (Details) (USD $) In Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Qualified Pension [Member]
Components of Qualified Net Pension Cost and Net Other Postretirement Benefit Cost and Other Amounts Recognized as a Regulatory Asset and/or Accumulated Other Comprehensive Income (AOCI)
Service cost - benefits earned during the period	$ 30,490	$ 26,239	$ 60,980	$ 52,478
Interest cost on accumulated postretirement benefit obligation (APBO)	59,248	57,802	118,496	115,604
Expected return on assets	(75,319)	(64,902)	(150,638)	(129,804)
Amortization of prior service cost (credit)	838	1,164	1,676	2,328
Amortization of loss	23,244	16,475	46,488	32,950
Net pension costs	38,501	36,778	77,002	73,556
Other Postretirement [Member]
Components of Qualified Net Pension Cost and Net Other Postretirement Benefit Cost and Other Amounts Recognized as a Regulatory Asset and/or Accumulated Other Comprehensive Income (AOCI)
Service cost - benefits earned during the period	14,835	13,078	29,670	26,156
Interest cost on accumulated postretirement benefit obligation (APBO)	18,631	19,020	37,262	38,040
Expected return on assets	(7,369)	(6,553)	(14,738)	(13,106)
Amortization of transition obligation	796	932	1,592	1,864
Amortization of prior service cost (credit)	(3,518)	(3,015)	(7,036)	(6,030)
Amortization of loss	5,298	4,317	10,596	8,634
Net pension costs	$ 28,673	$ 27,779	$ 57,346	$ 55,558

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Risk Management and Fair Values (Tables)

6 Months Ended

Jun. 30, 2011

Risk Management and Fair Values (Tables) [Abstract]

Fair values of derivative instruments

     The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of June 30, 2011 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$120 million	($19) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$41 million	($30) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$24 million	($23) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$47 million	($30) million	Entergy Wholesale Commodities

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives not designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$15 million	($11) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$5 million	($5) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$7 million	($7) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$4 million	($4) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$2 million	$-	Utility

     The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2010 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$160 million	($7) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$82 million	($29) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$5 million	($5) million	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$47 million	($30) million	Entergy Wholesale Commodities

Instrument	Balance Sheet Location	Fair Value (a)	Offset (a)	Business
Derivatives not designated as hedging instruments
Assets:
Electricity forwards, swaps and options	Prepayments and other (current portion)	$2 million	$-	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other deferred debits and other assets (non-current portion)	$14 million	($8) million	Entergy Wholesale Commodities
Liabilities:
Electricity forwards, swaps and options	Other current liabilities (current portion)	$2 million	($2 million)	Entergy Wholesale Commodities
Electricity forwards, swaps and options	Other non-current liabilities (non-current portion)	$7 million	($7) million	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$2 million	$-	Utility

(a) The balances of derivative assets and liabilities in these tables are presented gross. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented on the Entergy Consolidated Balance Sheets on a net basis in accordance with accounting guidance for Derivatives and Hedging.

Derivative instruments designated as cash flow hedges on consolidated statements of income

     The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the three months ended June 30, 2011 and 2010 are as follows:

			Amount of gain
	Amount of gain (loss)		reclassified from
	recognized in OCI		accumulated OCI into
Instrument	(effective portion)	Income Statement location	income (effective portion)
2011
Electricity forwards, swaps and options	$19 million	Competitive businesses operating revenues	$32 million
2010
Electricity forwards, swaps and options	($71) million	Competitive businesses operating revenues	$67 million

     The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the six months ended June 30, 2011 and 2010 are as follows:

			Amount of gain
	Amount of gain (loss)		reclassified from
	recognized in OCI		accumulated OCI into
Instrument	(effective portion)	Income Statement location	income (effective portion)
2011
Electricity forwards, swaps and options	($54) million	Competitive businesses operating revenues	$61 million
2010
Electricity forwards, swaps and options	$197 million	Competitive businesses operating revenues	$103 million

Derivative instruments not designated as hedging instruments on the consolidated statements of income

     The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the three months ended June 30, 2011 and 2010 is as follows:

	Amount of gain (loss)	Income Statement	Amount of gain (loss)
Instrument	recognized in OCI	location	recorded in income
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($9) million
Electricity forwards, swaps and options de-designated as hedged items	($4) million	Competitive business operating revenues	$4 million
2010
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	$22 million
Electricity forwards, swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	$—

     The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the six months ended June 30, 2011 and 2010 is as follows:

	Amount of gain	Income Statement	Amount of gain (loss)
Instrument	recognized in OCI	location	recorded in income
2011
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($12) million
Electricity forwards, swaps and options de-designated as hedged items	$6 million	Competitive business operating revenues	$6 million
2010
Natural gas swaps	$-	Fuel, fuel-related expenses, and gas purchased for resale	($63) million
Electricity forwards, swaps and options de-designated as hedged items	$3 million	Competitive business operating revenues	$—

Assets and liabilities at fair value on a recurring basis

2011	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	435	$	—	$	—	$	435
Decommissioning trust funds (a):
Equity securities		401		1,803		—		2,204
Debt securities		581		990		—		1,571
Power contracts		—		—		116		116
Securitization recovery trust account		34		—		—		34
Storm reserve escrow account		332		—		—		332
	$	1,783	$	2,793	$	116	$	4,692
Liabilities:
Gas hedge contracts	$	2	$	—	$	—	$	2
Power contracts		—		—		18		18
	$	2	$	—	$	18	$	20

2010	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments	$	1,218	$	—	$	—	$	1,218
Decommissioning trust funds (a):
Equity securities		387		1,689		—		2,076
Debt securities		497		1,023		—		1,520
Power contracts		—		—		214		214
Securitization recovery trust account		43		—		—		43
Storm reserve escrow account		329		—		—		329
	$	2,474	$	2,712	$	214	$	5,400
Liabilities:
Power contracts	$	—	$	—	$	17	$	17
Gas hedge contracts		2		—		—		2
	$	2	$	—	$	17	$	19

Reconciliation of changes in the 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, 2011 and 2010:

	2011			2010
	(In Millions)
Balance as of beginning of period	$	104		$	432
Unrealized gains/(losses) from price changes		9			(68	)
Unrealized gains/(losses) on originations		17			—
Realized losses on settlements		(32	)		(67	)
Balance as of June 30,	$	98		$	297

     The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the six months ended June 30, 2011 and 2010:

	2011			2010
	(In Millions)
Balance as of January 1,	$	197		$	200
Unrealized gains/(losses) from price changes		(53	)		193
Unrealized gains/(losses) on originations		15			7
Realized losses on settlements		(61	)		(103	)
Balance as of June 30,	$	98		$	297

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Consolidated Balance Sheets (ENTERGY ARKANSAS, INC.) (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data	Jun. 30, 2011	Dec. 31, 2010
Regulatory assets:
Securitization property	$ 852,723	$ 882,346
NON-CURRENT LIABILITIES
Securitization bonds	895,824	931,131
COMMON EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	254,752,788
Entergy Arkansas
Regulatory assets:
Securitization property	113,023	118,505
NON-CURRENT LIABILITIES
Securitization bonds	$ 119,922	$ 124,066
COMMON EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	325,000,000	325,000,000
Common stock, shares issued	46,980,196	46,980,196
Common stock, shares outstanding	46,980,196	46,980,196

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Statements of Changes in Equity and Comprehensive Income (ENTERGY LOUISIANA, LLC) (Unaudited) (USD $) In Thousands	Total		Preferred Membership Interest		Member's Equity	Accumulated Other Comprehensive Income (Loss)	Entergy Louisiana	Entergy Louisiana Preferred Membership Interest	Entergy Louisiana Member's Equity	Entergy Louisiana Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 94,000		$ 2,548	$ (75,185)	$ 1,911,809	$ 100,000	$ 1,837,348	$ (25,539)
Net income	539,097	[1]	10,033	[1]			98,091		98,091
Other comprehensive income:
Pension and other postretirement liabilities	5,010					5,010	891			891
Total comprehensive income	583,217						98,982
Common stock dividends declared	(299,033)
Preferred dividend requirements of subsidiaries	(10,033)	[1]	(10,033)	[1]			(3,475)		(3,475)
Ending Balance at Jun. 30, 2010	8,864,738		94,000		2,548	(31,065)	2,007,316	100,000	1,931,964	(24,648)
Beginning Balance at Mar. 31, 2010
Net income	320,283						61,259
Other comprehensive income:
Pension and other postretirement liabilities	3,205
Total comprehensive income	203,826
Ending Balance at Jun. 30, 2010	8,864,738				2,548		2,007,316	100,000
Beginning Balance at Dec. 31, 2010	8,590,400		94,000		2,548	(38,212)	2,136,871	100,000	2,061,833	(24,962)
Net income	574,277	[1]	10,031	[1]			115,401		115,401
Other comprehensive income:
Pension and other postretirement liabilities	6,598					6,598	1,101			1,101
Total comprehensive income	537,333						116,502
Common stock dividends declared	(296,131)						(31,200)		(31,200)
Preferred dividend requirements of subsidiaries	(10,031)	[1]	(10,031)	[1]			(3,475)		(3,475)
Ending Balance at Jun. 30, 2011	8,691,566		94,000		2,548	(75,156)	2,218,698	100,000	2,142,559	(23,861)
Beginning Balance at Mar. 31, 2011
Net income	320,598						75,103
Other comprehensive income:
Pension and other postretirement liabilities	2,339
Total comprehensive income	312,618
Ending Balance at Jun. 30, 2011	$ 8,691,566				$ 2,548		$ 2,218,698	$ 100,000

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Equity (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Basic earnings per share
EARNINGS APPLICABLE TO COMMON STOCK	$ 315,583,000	$ 315,266,000	$ 564,246,000	$ 529,064,000
Net Income Attributable to Entergy Corporation, Shares	177,808,890	188,776,240	178,318,784	188,988,284
Net Income Attributable to Entergy Corporation, $/share	$ 1.77	$ 1.67	$ 3.16	$ 2.80
Average dilutive effect of:
Stock options, Shares	1,000,000	1,900,000	1,000,000	2,000,000
Stock options $/share	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.03)
Restricted stock, Shares	100,000		200,000
Diluted earnings per share, Income	315,600,000	315,300,000	564,200,000	529,100,000
Diluted earnings per share, Shares	178,925,180	190,717,958	179,502,551	190,999,699
Diluted earnings per share $/share	$ 1.76	$ 1.65	$ 3.14	$ 2.77
Accumulated other comprehensive income (loss)
Cash flow hedges net unrealized gain	34,534,000		34,534,000		106,258,000
Pension and other postretirement liabilities	(269,868,000)		(269,868,000)		(276,466,000)
Net unrealized investment gains	157,556,000		157,556,000		129,685,000
Foreign currency translation	2,622,000		2,622,000		2,311,000
Total	$ (75,156,000)		$ (75,156,000)		$ (38,212,000)

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Rate and Regulatory Matters (Details) (USD $) In Millions	6 Months Ended
	Jun. 30, 2011
Entergy Arkansas
Payments/receipts among the Utility operating companies to achieve rough production cost equalization
Payments based on previous year production costs	$ 77
Entergy Gulf States Louisiana [Member]
Payments/receipts among the Utility operating companies to achieve rough production cost equalization
Receipts based on previous year production costs	(12)
Entergy Mississippi [Member]
Payments/receipts among the Utility operating companies to achieve rough production cost equalization
Receipts based on previous year production costs	(40)
Entergy New Orleans
Payments/receipts among the Utility operating companies to achieve rough production cost equalization
Receipts based on previous year production costs	$ (225)

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Statements of Cash Flows (SYSTEM ENERGY RESOURCES, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Accounts payable	(76,803)		23,094
Prepaid taxes and taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Other working capital accounts	(112,386)		(126,824)
Changes in provision for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Nuclear fuel purchases	(403,168)		(218,829)
Proceeds from nuclear decommissioning trust fund sales	636,359		1,487,387
Investment in nuclear decommissioning trust funds	(699,530)		(1,531,275)
Change in money pool receivable - net	9,106		(22,528)
Decrease (increase) in other investments	(42,994)		55,430
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	1,075,180		525,789
Retirement of long-term debt	(555,940)		(774,772)
Changes in credit borrowings - net	15,960		17,123
Dividends paid:
Common stock	(296,355)		(298,796)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net increase (decrease) in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	77		26,054
System Energy
OPERATING ACTIVITIES
Net income	41,322		41,005
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	98,127		88,363
Deferred income taxes, investment tax credits, and non-current taxes accrued	(32,655)		(50,759)
Changes in working capital:
Receivables	6,926		6,207
Accounts payable	7,807		(397)
Prepaid taxes and taxes accrued	49,348		68,652
Interest accrued	(43,112)		(39,416)
Other working capital accounts	2,383		(24,959)
Changes in provision for estimated losses			(2,009)
Changes in other regulatory assets	34,791		(9,292)
Changes in pensions and other postretirement liabilities	(19,837)		(5,602)
Other	(3,021)		57,311
Net cash flow provided by operating activities	142,079		129,154
INVESTING ACTIVITIES
Construction expenditures	(105,653)		(70,695)
Proceeds from the transfer of development costs			100,280
Allowance for equity funds used during construction	9,521		4,232
Nuclear fuel purchases	(37,709)		(129,331)
Proceeds from sale/leaseback of nuclear fuel	12,420
Proceeds from nuclear decommissioning trust fund sales	106,528		138,232
Investment in nuclear decommissioning trust funds	(122,774)		(152,291)
Loan to affiliate	(20,000)
Change in money pool receivable - net	(61,707)		(15,470)
Decrease (increase) in other investments			25,560
Net cash flow used in investing activities	(219,374)		(99,483)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt			57,859
Retirement of long-term debt	(38,161)		(41,715)
Changes in credit borrowings - net	(37,763)		44,411
Dividends paid:
Common stock	(39,300)		(36,700)
Other	(2,847)
Net cash flow provided by (used in) financing activities	(118,071)		23,855
Net increase (decrease) in cash and cash equivalents	(195,366)		53,526
Cash and cash equivalents at beginning of period	263,772		264,482
Cash and cash equivalents at end of period	68,406		318,008
Cash paid during the period for:
Interest - net of amount capitalized	$ 23,592		$ 18,305

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Revolving Credit Facilities, Lines of Credit and Short Term Borrowings and Long Term Debt (Details Textuals) (USD $)	6 Months Ended					1 Months Ended	6 Months Ended		1 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2011 Entergy Arkansas [Member]		Jun. 30, 2011 Entergy Gulf States Louisiana [Member]		Mar. 31, 2011 Entergy Louisiana [Member]	Jun. 30, 2011 Entergy Louisiana [Member]		May 31, 2011 Entergy Mississippi [Member]	Apr. 30, 2011 Entergy Mississippi [Member]	Jun. 30, 2011 Entergy Mississippi [Member]	Jun. 30, 2011 Entergy Texas [Member]		Jun. 30, 2011 System Energy [Member]	Jun. 30, 2011 5.60% Series G due September 2011 [Member]	Jun. 30, 2011 9% Series H due June 2013 [Member]	Jun. 30, 2011 5.69% Series I due July 2014 [Member]	Jun. 30, 2011 3.23% Series J due July 2016 [Member]	Jun. 30, 2011 5.56% Series N due May 2013 [Member]	Jun. 30, 2011 5.41% Series O due July 2012 [Member]	Jun. 30, 2011 5.69% Series E due July 2014 [Member]	Jun. 30, 2011 6.29% Series F due September 2013 [Member]	Jun. 30, 2011 5.33% Series G due April 2015 [Member]	Jun. 30, 2011 3.30% Series F, due March 2016 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate stated percentage															5.60%	9.00%	5.69%	3.23%	5.56%	5.41%	5.69%	6.29%	5.33%	3.30%
Borrowings	$ 1,895,000,000	$ 0		$ 0			$ 100,000,000					$ 0
Notes payable to NYPA	158,000,000
Long term DOE obligations		181,000,000
Capital lease obligations							194,000,000							179,000,000
Redemption of first mortgage bond percentage									5.92%	4.65%
Portion of the proceeds to repay outstanding debt									100,000,000	80,000,000
Issuances of first mortgage bond percentage						4.80%			3.25%	6.00%
Proceeds from series first mortgage bonds						200,000,000			125,000,000	150,000,000
Amount of Facility	3,465,000,000	78,000,000	[1]	100,000,000	[2]		200,000,000	[3]				100,000,000	[4]
Consolidated debt ratio to be maintained or less of its total capitalization as per convenants	65% or less	65% or less		65% or less			65% or less				65% or less	65% or less
Revolving Credit Facilities, Lines of Credit and Short Term Borrowings (Textuals) [Abstract]
Entergy Corporation credit facility expiration date	August 2012
Entergy Corporation credit facility borrowing capacity	$ 3,500,000,000
Facility fee percentage of commitment amount, minimum	0.09%
Facility fee percentage of commitment amount, maximum	0.15%
Facility fee percentage of commitment amount	0.125%
Weighted average interest rate	0.762%
Consolidated debt ratio of capitalization	70% or less
Commitment fee percentage of commitment amount	0.20%
Generating units	580

[1] The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization.Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable.

[2] The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.

[3] The credit facility allows Entergy Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.

[4] The credit facility allows Entergy Texas to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Texas to maintain a consolidated debt ratio of 65% or less of its total capitalization. Pursuant to the terms of the credit agreement securitization bonds are excluded from debt and capitalization in calculating the debt ratio.

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Statements of Cash Flows (ENTERGY NEW ORLEANS, INC.) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation and amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Prepaid taxes and taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provisions for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Change in money pool receivable - net	9,106		(22,528)
Decrease (increase) in other investments	(42,994)		55,430
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Retirement of long-term debt	(555,940)		(774,772)
Dividends paid:
Common stock	(296,355)		(298,796)
Preferred stock	(10,031)		(10,033)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net decrease in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid during the period for:
Interest - net of amount capitalized	267,493		268,624
Entergy New Orleans
OPERATING ACTIVITIES
Net income	17,093		17,028
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation and amortization	17,898		17,525
Deferred income taxes, investment tax credits, and non-current taxes accrued	(13,330)		29,868
Changes in working capital:
Receivables	(2,865)		4,508
Fuel inventory	(4,836)		(919)
Accounts payable	(9,271)		1,960
Prepaid taxes and taxes accrued	20,023		(24,619)
Interest accrued	(357)		(672)
Deferred fuel	(6,532)		(4,910)
Other working capital accounts	2,287		(13,168)
Changes in provisions for estimated losses	3,280		(7,875)
Changes in other regulatory assets	4,920		7,627
Changes in pensions and other postretirement liabilities	(8,770)		(3,823)
Other	(442)		27,298
Net cash flow provided by operating activities	19,098		49,828
INVESTING ACTIVITIES
Construction expenditures	(28,400)		(35,568)
Allowance for equity funds used during construction	222		361
Change in money pool receivable - net	(16,228)		18,071
Investment in affiliates	3,256
Decrease (increase) in other investments	(3,022)		6,910
Net cash flow used in investing activities	(44,172)		(10,226)
FINANCING ACTIVITIES
Retirement of long-term debt			(74,993)
Dividends paid:
Common stock	(12,600)		(14,900)
Preferred stock	(482)		(482)
Other	(589)		(23)
Net cash flow provided by (used in) financing activities	(13,671)		(90,398)
Net decrease in cash and cash equivalents	(38,745)		(50,796)
Cash and cash equivalents at beginning of period	54,986		191,191
Cash and cash equivalents at end of period	16,241		140,395
Cash paid during the period for:
Interest - net of amount capitalized	$ 5,427		$ 7,936

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data	Jun. 30, 2011	Dec. 31, 2010
Regulatory assets:
Securitization property	$ 852,723	$ 882,346
NON-CURRENT LIABILITIES
Securitization bonds	$ 895,824	$ 931,131
Common Shareholders' Equity:
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	254,752,788
Treasury stock, shares	77,919,322	76,006,920

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Statements of Changes in Equity and Comprehensive Income (ENTERGY LOUISIANA, LLC) (Parenthetical) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Other comprehensive income, defined benefit plans, tax	$ 3,057	$ 2,541
Entergy Louisiana | Accumulated Other Comprehensive Income (Loss)
Other comprehensive income, defined benefit plans, tax	731	754
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income, defined benefit plans, tax	3,057	2,541
Entergy Louisiana
Other comprehensive income, defined benefit plans, tax	$ 731	$ 754

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Rate and Regulatory Matters

6 Months Ended

Jun. 30, 2011

Rate and Regulatory Matters [Abstract]

RATE AND REGULATORY MATTERS

NOTE 2. RATE AND REGULATORY MATTERS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Regulatory Assets

     See Note 2 to the financial statements in the Form 10-K for information regarding regulatory assets in the Utility business presented on the balance sheets of Entergy and the Registrant Subsidiaries. Following is an update to that information.

Fuel and Purchased Power Cost Recovery

Entergy Gulf States Louisiana

     In January 2003 the LPSC authorized its staff to initiate a proceeding to audit the fuel adjustment clause filings of Entergy Gulf States Louisiana and its affiliates. The audit includes a review of the reasonableness of charges flowed by Entergy Gulf States Louisiana through its fuel adjustment clause for the period 1995 through 2004. The LPSC Staff issued its audit report in December 2010. The report recommends the disallowance of $23 million of costs which, with interest, would total $43 million. $2 million of this total relates to a realignment to and recovery through base rates of certain SO₂ costs. Entergy Gulf States Louisiana filed comments disputing the findings in the report. Entergy Gulf States Louisiana and the LPSC Staff have reached a settlement that, if approved by the LPSC, will resolve this matter. The settlement requires Entergy Gulf States Louisiana to refund $18 million to customers, including the realignment to base rates of the $2 million of SO₂ costs. The procedural schedule requires Entergy Gulf States Louisiana and the LPSC Staff to file the settlement by August 29, 2011, with hearings to take place either in September 2011, if the settlement is uncontested, or in late October or early November 2011, if the settlement is contested. The Louisiana Energy Users Group is the sole active intervenor in the case and is currently reviewing the settlement. Entergy Gulf States Louisiana has recorded provisions for the estimated effect of this proceeding.

     In April 2010 the LPSC authorized its staff to initiate an audit of Entergy Gulf States Louisiana’s purchased gas adjustment clause filings for its gas distribution operations. The audit includes a review of the reasonableness of charges flowed through by Entergy Gulf States Louisiana for the period from 2003 through 2008. Discovery is complete and, in June 2011, the LPSC staff filed an audit report generally supporting the appropriateness of charges flowed through the purchased gas adjustment clause filings. LPSC consideration of the audit report is pending.

Entergy Texas

     In December 2010, Entergy Texas filed with the PUCT a request to refund fuel cost recovery over-collections through October 2010. Pursuant to a stipulation among the parties that was approved by the PUCT in March 2011, Entergy Texas refunded over-collections through November 2010 of approximately $73 million, including interest through the refund period. The refund was made for most customers over a three-month period that began with the February 2011 billing cycle.

Little Gypsy Repowering Project (Entergy and Entergy Louisiana)

     See the Form 10-K for a discussion of the Little Gypsy repowering project. As discussed in the Form 10-K, in January 2011 all parties conducted a mediation on the disputed issues, and thereafter, reached agreement on a settlement of all disputed issues, including cost recovery and cost allocation. The settlement provides for Entergy Louisiana to recover $200 million as of March 31, 2011, and carrying costs on that amount on specified terms thereafter. The settlement also provides for Entergy Louisiana to recover the approved project costs by securitization. In April 2011, Entergy Louisiana filed an application with the LPSC to authorize the securitization of the investment recovery costs associated with the project and to issue a financing order by which Entergy Louisiana may accomplish such securitization. In June 2011 the LPSC issued an order approving the settlement and also issued a financing order for the securitization. Due to the need for additional public notice to be published in connection with the securitization of the project costs, a filing was made on July 21, 2011, requesting that the LPSC re-approve and re-issue a financing order with respect to the securitization of the investment recovery costs. Entergy Louisiana will continue its efforts to complete in the third quarter 2011 the securitization of the investment recovery costs.

Retail Rate Proceedings

     See Note 2 to the financial statements in the Form 10-K for detailed information regarding retail rate proceedings involving the Utility operating companies. The following are updates to the Form 10-K.

Filings with the LPSC

(Entergy Gulf States Louisiana)

     In January 2011, Entergy Gulf States Louisiana filed with the LPSC its gas rate stabilization plan for the test year ended September 30, 2010. The filing showed an earned return on common equity of 8.84% and a revenue deficiency of $0.3 million. In March 2011, the LPSC staff filed its findings, suggesting an adjustment that will produce an 11.76% earned return on common equity for the test year and a $0.2 million rate reduction. Entergy Gulf States Louisiana implemented the $0.2 million rate reduction effective with the May 2011 billing cycle. The LPSC docket is now closed.

     In May 2011, Entergy Gulf States Louisiana made a special formula rate plan rate implementation filing with the LPSC that implements effective with the May 2011 billing cycle a $5.1 million rate decrease to reflect adjustments in accordance with a previous LPSC order relating to the acquisition of Unit 2 of the Acadia Energy Center by Entergy Louisiana. As a result of the closing of the acquisition and termination of the pre-acquisition power purchase agreement with Acadia, Entergy Gulf States Louisiana’s allocation of capacity related to this unit ended, resulting in a reduction in the additional capacity revenue requirement.

     In May 2011, Entergy Gulf States Louisiana made its formula rate plan filing with the LPSC for the 2010 test year. The filing reflects an 11.11% earned return on common equity, which is within the allowed earnings bandwidth, indicating no cost of service rate change is necessary under the formula rate plan. The filing also reflects a $22.8 million rate decrease for incremental capacity costs. The filing is currently subject to LPSC review.

(Entergy Louisiana)

     In May 2011, Entergy Louisiana made a special formula rate plan rate implementation filing with the LPSC that implements effective with the May 2011 billing cycle a $43.1 million net rate increase to reflect adjustments in accordance with a previous LPSC order relating to the acquisition of Unit 2 of the Acadia Energy Center. The net rate increase represents the decrease in the additional capacity revenue requirement resulting from the termination of the power purchase agreement with Acadia and the increase in the revenue requirement resulting from the ownership of the Acadia facility. The filing is currently subject to LPSC review. The May 2011 rate change contributed approximately $9 million to Entergy Louisiana’s revenues in the second quarter 2011.

     In May 2011, Entergy Louisiana made its formula rate plan filing with the LPSC for the 2010 test year. The filing reflects an 11.07% earned return on common equity, which is just outside of the allowed earnings bandwidth and results in no cost of service rate change under the formula rate plan. The filing also reflects a very slight ($9 thousand) rate increase for incremental capacity costs. The filing is currently subject to LPSC review.

Filings with the MPSC

     In March 2011, Entergy Mississippi submitted its formula rate plan 2010 test year filing. The filing shows an earned return on common equity of 10.65% for the test year, which is within the earnings bandwidth and results in no change in rates. The filing is currently subject to MPSC review.

Filings with the City Council

     In May 2011, Entergy New Orleans filed its electric and gas formula rate plan evaluation reports for the 2010 test year. The filings request a $6.5 million electric base revenue decrease and a $1.1 million gas base revenue decrease. As part of the filing, Entergy New Orleans is also requesting to increase annual funding for its storm reserve by approximately $3.7 million. The new rates would be effective, if approved, with the first billing cycle in October 2011. The City Council’s and its Advisors’ review of these filings is pending.

System Agreement Cost Equalization Proceedings

     See Note 2 to the financial statements in the Form 10-K for detailed information regarding the System Agreement Cost Equalization Proceedings. The following are updates to the Form 10-K.

Rough Production Cost Equalization Rates

2011 Rate Filing Based on Calendar Year 2010 Production Costs

     In May 2011, Entergy filed with the FERC the 2011 rates in accordance with the FERC’s orders in the System Agreement proceeding. The filing shows the following payments/receipts among the Utility operating companies for 2011, based on calendar year 2010 production costs, commencing for service in June 2011, are necessary to achieve rough production cost equalization under the FERC’s orders:

	Payments or
	(Receipts)
	(In Millions)
Entergy Arkansas	$	77
Entergy Gulf States Louisiana	$	(12	)
Entergy Louisiana	$	—
Entergy Mississippi	$	(40	)
Entergy New Orleans	$	(25	)
Entergy Texas	$	—

Several parties intervened in the proceeding at the FERC, including the LPSC, which filed a protest as well. On July 26, 2011, the FERC accepted Entergy’s proposed rates for filing, effective June 1, 2011, subject to refund, set the proceeding for hearing procedures, and then held those procedures in abeyance pending FERC decisions in the prior production cost proceedings currently before the FERC on review.

2010 Rate Filing Based on Calendar Year 2009 Production Costs

     In May 2010, Entergy filed with the FERC the 2010 rates in accordance with the FERC’s orders in the System Agreement proceeding, and supplemented the filing in September 2010. Several parties intervened in the proceeding at the FERC, including the LPSC and the City Council, which have also filed protests. In July 2010 the FERC accepted Entergy’s proposed rates for filing, effective June 1, 2010, subject to refund, and set the proceeding for hearing and settlement procedures. Settlement procedures have been terminated, and the ALJ scheduled hearings to begin in March 2011. Subsequently, in January 2011 the ALJ issued an order directing the parties and FERC staff to show cause why this proceeding should not be stayed pending the issuance of FERC decisions in the prior production cost proceedings currently before the FERC on review. In March 2011 the ALJ issued an order placing this proceeding in abeyance. The LPSC’s requests for rehearing and interlocutory appeal of the abeyance order have been denied.

Interruptible Load Proceeding

     See the Form 10-K for a discussion of the interruptible load proceeding, including the FERC’s motion requesting the D.C. Circuit hold the appeal of the FERC’s decisions ordering refunds in the interruptible load proceeding in abeyance and remand the record to the FERC. The D.C. Circuit granted the FERC’s unopposed motion in June 2009. In December 2009 the FERC established a paper hearing to determine whether the FERC had the authority and, if so, whether it would be appropriate to order refunds resulting from changes in the treatment of interruptible load in the allocation of capacity costs by the Utility operating companies. In August 2010 the FERC issued an order stating that it has the authority and refunds are appropriate. The APSC, MPSC, and Entergy requested rehearing of the FERC’s decision. In June 2011 the FERC issued an order granting rehearing in part and denying rehearing in part, in which the FERC determined to invoke its discretion to deny refunds. The FERC held that in this case where “the Entergy system as a whole collected the proper level of revenue, but, as was later established incorrectly allocated peak load responsibility among various operating companies...the Commission will apply here our usual practice in such cases, invoking our equitable discretion to not order refunds, notwithstanding our authority to do so.” The LPSC has requested rehearing of the FERC’s June 2011 decision.

     In September 2010 the FERC had issued an order setting the refund report filed in the proceeding in November 2007 for hearing and settlement judge procedures. In May 2011, Entergy filed a settlement agreement that resolved all issues relating to the refund report set for hearing. In June 2011 the settlement judge certified the settlement as uncontested and the settlement agreement is currently pending before the FERC. In July 2011, Entergy filed an amended/corrected refund report and a motion to defer action on the settlement agreement until after the FERC rules on the LPSC’s rehearing request regarding the June 2011 decision denying refunds.

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Statements of Cash Flows (ENTERGY MISSISSIPPI, INC) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation and amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provision for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Proceeds from sale of assets and businesses			9,675
Change in money pool receivable - net	9,106		(22,528)
Decrease (increase) in other investments	(42,994)		55,430
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	1,075,180		525,789
Retirement of long-term debt	(555,940)		(774,772)
Dividends paid:
Common stock	(296,355)		(298,796)
Preferred stock	(10,031)		(10,033)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net increase (decrease) in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	77		26,054
Entergy Mississippi
OPERATING ACTIVITIES
Net income	41,142		45,462
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation and amortization	46,154		44,380
Deferred income taxes, investment tax credits, and non-current taxes accrued	26,630		(14,794)
Changes in working capital:
Receivables	(12,059)		(33,931)
Fuel inventory	(48,329)		(1,512)
Accounts payable	23,229		10,020
Taxes accrued	(24,760)		15,305
Interest accrued	258		904
Deferred fuel	(22,371)		(83,156)
Other working capital accounts	(4,103)		35,061
Changes in provision for estimated losses	(181)		(2,870)
Changes in other regulatory assets	(2,225)		(14,171)
Changes in pensions and other postretirement liabilities	(21,690)		(7,070)
Other	(4,157)		10,854
Net cash flow provided by operating activities	(2,462)		4,482
INVESTING ACTIVITIES
Construction expenditures	(86,497)		(117,021)
Allowance for equity funds used during construction	4,319		3,099
Proceeds from sale of assets and businesses			3,951
Change in money pool receivable - net			31,435
Decrease (increase) in other investments			7,610
Investment in affiliates	5,527
Other	(19)		(14)
Net cash flow used in investing activities	(76,670)		(70,940)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	268,962		77,248
Retirement of long-term debt	(180,000)		(100,000)
Changes in money pool payable - net	(5,761)		20,591
Dividends paid:
Common stock	(3,300)		(20,200)
Preferred stock	(1,414)		(1,414)
Net cash flow provided by (used in) financing activities	78,487		(23,775)
Net increase (decrease) in cash and cash equivalents	(645)		(90,233)
Cash and cash equivalents at beginning of period	1,216		91,451
Cash and cash equivalents at end of period	571		1,218
Cash paid during the period for:
Interest - net of amount capitalized	26,874		26,957
Income taxes			$ 1,500

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Stock Based Compensation (Details 1) (Restricted Awards [Member], USD $) In Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2011	Jun. 30, 2011
Restricted Awards [Member]
Employee service share-based compensation, aggregate disclosures
Compensation expense included in Entergy's Net Income	$ 1.0
Tax benefit recognized in Entergy's Net Income	0.4	0.8
Compensation cost capitalized as part of fixed assets and inventory as of June 30,	$ 2.0	$ 0.3

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Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings and Long-Term Debt (Details 1) (USD $) In Millions, unless otherwise specified	Jun. 30, 2011
Issuance of commercial paper to finance the acquisition and ownership of nuclear fuel
Amount Drawn/ Outstanding	$ 1,895.0
Entergy Arkansas VIE [Member]
Issuance of commercial paper to finance the acquisition and ownership of nuclear fuel
Expiration Date	July 2013
Amount of Facility	85
Weighted Average Interest Rate on Borrowings	2.34%
Amount Drawn/ Outstanding	37.6
Entergy Gulf States Louisiana VIE [Member]
Issuance of commercial paper to finance the acquisition and ownership of nuclear fuel
Expiration Date	July 2013
Amount of Facility	85
Weighted Average Interest Rate on Borrowings	2.13%
Amount Drawn/ Outstanding	56.3
Entergy Louisiana VIE [Member]
Issuance of commercial paper to finance the acquisition and ownership of nuclear fuel
Expiration Date	July 2013
Amount of Facility	90
Weighted Average Interest Rate on Borrowings	2.28%
Amount Drawn/ Outstanding	64.2
System Energy VIE [Member]
Issuance of commercial paper to finance the acquisition and ownership of nuclear fuel
Expiration Date	July 2013
Amount of Facility	100
Weighted Average Interest Rate on Borrowings	2.28%
Amount Drawn/ Outstanding	$ 0.5

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Consolidated Statements of Changes in Equity and Comprehensive Income (Unaudited) (Parenthetical) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
Other comprehensive income:
Other comprehensive income, derivatives qualifying as hedges, tax effect	$ (41,843,000)	$ 36,587,000
Other comprehensive income, defined benefit plans, tax	3,057,000	2,541,000
Other comprehensive income, available-for-sale securities, tax	28,726,000	(16,708,000)
Other comprehensive income, foreign currency translation adjustment, tax	167,000	(409,000)
Preferred dividends on subsidiaries' preferred stock	6,600,000	6,600,000
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income:
Other comprehensive income, derivatives qualifying as hedges, tax effect	(41,843,000)	36,587,000
Other comprehensive income, defined benefit plans, tax	3,057,000	2,541,000
Other comprehensive income, available-for-sale securities, tax	28,726,000	(16,708,000)
Other comprehensive income, foreign currency translation adjustment, tax	$ 167,000	$ (409,000)

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Statements of Changes in Equity and Comprehensive Income (ENTERGY GULF STATES LOUISIANA, L.L.C.) (Unaudited) (USD $) In Thousands	Total		Preferred Membership Interest		Member's Equity	Accumulated Other Comprehensive Income (Loss)	Entergy Gulf States Louisiana, L.L.C.	Entergy Gulf States Louisiana, L.L.C. Preferred Membership Interest	Entergy Gulf States Louisiana, L.L.C. Member's Equity	Entergy Gulf States Louisiana, L.L.C. Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 94,000		$ 2,548	$ (75,185)	$ 1,441,759	$ 10,000	$ 1,473,930	$ (42,171)
Net income	539,097	[1]	10,033	[1]			70,237		70,237
Other comprehensive income:
Pension and other postretirement liabilities	5,010					5,010	1,098			1,098
Total comprehensive income	583,217						71,335
Common stock dividends declared	(299,033)						(64,300)		(64,300)
Preferred dividend requirements of subsidiaries	(10,033)	[1]	(10,033)	[1]			(414)		(414)
Other							(10)		(10)
Ending Balance at Jun. 30, 2010	8,864,738		94,000		2,548	(31,065)	1,448,370	10,000	1,479,443	(41,073)
Beginning Balance at Mar. 31, 2010
Net income	320,283						32,154
Other comprehensive income:
Pension and other postretirement liabilities	3,205
Total comprehensive income	203,826
Ending Balance at Jun. 30, 2010	8,864,738				2,548		1,448,370	10,000
Beginning Balance at Dec. 31, 2010	8,590,400		94,000		2,548	(38,212)	1,509,213	10,000	1,539,517	(40,304)
Net income	574,277	[1]	10,031	[1]			94,981		94,981
Other comprehensive income:
Pension and other postretirement liabilities	6,598					6,598	1,229			1,229
Total comprehensive income	537,333						96,210
Common stock dividends declared	(296,131)						(122,250)		(122,250)
Preferred dividend requirements of subsidiaries	(10,031)	[1]	(10,031)	[1]			(412)		(412)
Other							(15)		(15)
Ending Balance at Jun. 30, 2011	8,691,566		94,000		2,548	(75,156)	1,482,746	10,000	1,511,821	(39,075)
Beginning Balance at Mar. 31, 2011
Net income	320,598						49,310
Other comprehensive income:
Pension and other postretirement liabilities	2,339
Total comprehensive income	312,618
Ending Balance at Jun. 30, 2011	$ 8,691,566				$ 2,548		$ 1,482,746	$ 10,000

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Rate and Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2011

Rate and Regulatory Matters (Tables) [Abstract]

Payments/receipts among the Utility operating companies to achieve rough production cost equalization

	Payments or
	(Receipts)
	(In Millions)
Entergy Arkansas	$	77
Entergy Gulf States Louisiana	$	(12	)
Entergy Louisiana	$	—
Entergy Mississippi	$	(40	)
Entergy New Orleans	$	(25	)
Entergy Texas	$	—

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Retirement and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2011

Qualified Pension [Member]

Defined Benefit Plan Disclosure [Line Items]

Components of Qualified Net Pension Cost, including amounts capitalized

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	30,490		$	26,239
Interest cost on projected benefit obligation		59,248			57,802
Expected return on assets		(75,319	)		(64,902	)
Amortization of prior service cost		838			1,164
Amortization of loss		23,244			16,475
Net pension costs	$	38,501		$	36,778

     Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	60,980		$	52,478
Interest cost on projected benefit obligation		118,496			115,604
Expected return on assets		(150,638	)		(129,804	)
Amortization of prior service cost		1,676			2,328
Amortization of loss		46,488			32,950
Net pension costs	$	77,002		$	73,556

Other Postretirement [Member]

Defined Benefit Plan Disclosure [Line Items]

Components of Qualified Net Pension Cost, including amounts capitalized

     Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	14,835		$	13,078
Interest cost on accumulated postretirement benefit obligation (APBO)		18,631			19,020
Expected return on assets		(7,369	)		(6,553	)
Amortization of transition obligation		796			932
Amortization of prior service cost		(3,518	)		(3,015	)
Amortization of loss		5,298			4,317
Net other postretirement benefit cost	$	28,673		$	27,779

     Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2011 and 2010, included the following components:

	2011			2010
	(In Thousands)
Service cost — benefits earned during the period	$	29,670		$	26,156
Interest cost on APBO		37,262			38,040
Expected return on assets		(14,738	)		(13,106	)
Amortization of transition obligation		1,592			1,864
Amortization of prior service cost		(7,036	)		(6,030	)
Amortization of loss		10,596			8,634
Net other postretirement benefit cost	$	57,346		$	55,558

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Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings and Long-Term Debt (Details 2) (USD $)	Jun. 30, 2011
Book value and fair value of long term debt
Book value of long term debt	$ 12,185,430,000
Fair value of long-term debt	11,797,794,000
Entergy Arkansas VIE [Member] | 5.60% Series G due September 2011 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	35,000,000
Entergy Arkansas VIE [Member] | 9% Series H due June 2013 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	30,000,000
Entergy Arkansas VIE [Member] | 5.69% Series I due July 2014 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	70,000,000
Entergy Arkansas VIE [Member] | 3.23% Series J due July 2016 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	55,000,000
Entergy Gulf States Louisiana VIE [Member] | 5.56% Series N due May 2013 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	75,000,000
Entergy Gulf States Louisiana VIE [Member] | 5.41% Series O due July 2012 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	60,000,000
Entergy Louisiana VIE [Member] | 5.69% Series E due July 2014 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	50,000,000
System Energy VIE [Member] | 6.29% Series F due September 2013 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	70,000,000
System Energy VIE [Member] | 5.33% Series G due April 2015 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	60,000,000
Entergy Louisiana VIE [Member] | 3.30% Series F, due March 2016 [Member]
Notes payable by variable interest entities
Long-Term Notes Payable	$ 20,000,000

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Consolidated Statements of Cash Flows (ENTERGY TEXAS, INC. AND SUBSIDIARIES) (Unaudited) (USD $) In Thousands	6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010
OPERATING ACTIVITIES
Net income	$ 574,277	[1]	$ 539,097	[1]
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	852,028		831,785
Deferred income taxes, investment tax credits, and non-current taxes accrued	305,121		342,641
Changes in working capital:
Receivables	(168,253)		(177,445)
Fuel inventory	(5,457)		5,002
Accounts payable	(76,803)		23,094
Taxes accrued	(2,810)		10,104
Interest accrued	(39,404)		(28,815)
Deferred fuel	(198,052)		(2,070)
Other working capital accounts	(112,386)		(126,824)
Changes in provisions for estimated losses	(5,954)		(30,218)
Changes in other regulatory assets	96,549		(22,703)
Changes in pensions and other postretirement liabilities	(232,306)		(74,187)
Other	(9,301)		178,373
Net cash flow provided by operating activities	977,249		1,467,834
INVESTING ACTIVITIES
Construction expenditures	(991,293)		(918,582)
Allowance for equity funds used during construction	38,681		30,926
Change in money pool receivable - net	9,106		(22,528)
Decrease (increase) in other investments	(42,994)		55,430
Net cash flow used in investing activities	(1,827,723)		(1,172,901)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	1,075,180		525,789
Retirement of long-term debt	(555,940)		(774,772)
Dividends paid:
Common stock	(296,355)		(298,796)
Net cash flow provided by (used in) financing activities	86,170		(669,722)
Net decrease in cash and cash equivalents	(764,614)		(374,027)
Cash and cash equivalents at beginning of period	1,294,472		1,709,551
Cash and cash equivalents at end of period	529,858		1,335,524
Cash paid during the period for:
Interest - net of amount capitalized	267,493		268,624
Income taxes	77		26,054
Entergy Texas
OPERATING ACTIVITIES
Net income	38,823		34,751
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	39,236		39,008
Deferred income taxes, investment tax credits, and non-current taxes accrued	24,535		96,423
Changes in working capital:
Receivables	(49,396)		(85,930)
Fuel inventory	179		315
Accounts payable	43,543		60,626
Taxes accrued	(10,501)		(67,785)
Interest accrued	(789)		8,031
Deferred fuel	(62,683)		(38,134)
Other working capital accounts	5,188		(56,630)
Changes in provisions for estimated losses	(89)		(2,200)
Changes in other regulatory assets	36,660		33,603
Changes in pensions and other postretirement liabilities	(13,603)		(6,181)
Other	(25,186)		(11,217)
Net cash flow provided by operating activities	25,917		4,680
INVESTING ACTIVITIES
Construction expenditures	(75,623)		(79,704)
Allowance for equity funds used during construction	1,547		4,138
Change in money pool receivable - net	13,672		34,812
Decrease (increase) in other investments			2,318
Remittances to transition charge account	(39,178)		(40,800)
Payments from transition charge account	48,815		18,272
Net cash flow used in investing activities	(50,767)		(60,964)
FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt			198,534
Retirement of long-term debt	(31,177)		(177,289)
Changes in money pool payable - net	21,067
Dividends paid:
Common stock			(63,900)
Net cash flow provided by (used in) financing activities	(10,149)		(42,655)
Other	(39)
Net decrease in cash and cash equivalents	(34,999)		(98,939)
Cash and cash equivalents at beginning of period	35,342		200,703
Cash and cash equivalents at end of period	343		101,764
Cash paid during the period for:
Interest - net of amount capitalized	43,659		39,083
Income taxes			$ 1,745

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Balance Sheets (ENTERGY LOUISIANA, LLC) (Unaudited) (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Cash and cash equivalents:
Cash	$ 94,968	$ 76,290
Temporary cash investments	434,890	1,218,182
Total cash and cash equivalents	529,858	1,294,472
Accounts receivable:
Customer	693,937	602,796
Allowance for doubtful accounts	(31,002)	(31,777)
Other	162,190	161,662
Accrued unbilled revenues	377,977	302,901
Total accounts receivable	1,203,102	1,035,582
Deferred fuel costs	111,444	64,659
Accumulated deferred income taxes	6,975	8,472
Fuel inventory	212,982	207,520
Materials and supplies - at average cost	869,341	866,908
Deferred nuclear refueling outage costs	287,282	218,423
Prepaid taxes	304,617	301,807
Prepayments and other	237,252	246,036
TOTAL	3,863,142	4,339,083
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests	44,172	40,697
Decommissioning trust funds	3,775,026	3,595,716
Non-utility property - at cost (less accumulated depreciation)	260,614	257,847
TOTAL	4,491,902	4,300,206
UTILITY PLANT
Electric	38,179,664	37,153,061
Property under capital lease	790,533	800,078
Construction work in progress	1,799,906	1,661,560
Nuclear fuel	1,451,087	1,377,962
TOTAL UTILITY PLANT	42,558,004	41,323,269
Less - accumulated depreciation and amortization	17,919,151	17,474,914
UTILITY PLANT - NET	24,638,853	23,848,355
Regulatory assets:
Regulatory asset for income taxes - net	841,137	845,725
Other regulatory assets	3,736,785	3,838,237
Deferred fuel costs	172,202	172,202
Other	927,658	909,773
TOTAL	6,135,864	6,197,632
TOTAL ASSETS	39,129,761	38,685,276
CURRENT LIABILITIES
Currently maturing long-term debt	128,062	299,548
Accounts payable:
Associated companies	130,795	154,135
Customer deposits	345,079	335,058
Accumulated deferred income taxes	99,147	49,307
Interest accrued	178,280	217,685
Deferred fuel costs	15,142	166,409
Pension and other postretirement liabilities	40,235	39,862
Other	191,497	277,598
TOTAL	2,242,404	2,776,249
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	8,867,158	8,573,646
Accumulated deferred investment tax credits	284,852	292,330
Other regulatory liabilities	578,821	539,026
Decommissioning and asset retirement cost liabilities	3,218,881	3,148,479
Accumulated provisions	390,089	395,250
Pension and other postretirement liabilities	1,942,685	2,175,364
Long-term debt	12,057,368	11,317,157
Other	599,015	618,559
TOTAL	27,979,046	27,101,889
Commitments and Contingencies
EQUITY
Preferred membership interests without sinking fund	216,745	216,738
Member's equity	8,597,566	8,496,400
Accumulated other comprehensive loss	(75,156)	(38,212)
TOTAL	8,691,566	8,590,400
TOTAL LIABILITIES AND EQUITY	39,129,761	38,685,276
Entergy Louisiana
Cash and cash equivalents:
Cash	2,012	708
Temporary cash investments	0	122,546
Total cash and cash equivalents	2,012	123,254
Accounts receivable:
Customer	153,827	85,799
Allowance for doubtful accounts	(1,878)	(1,961)
Associated companies	35,705	81,050
Other	10,327	14,594
Accrued unbilled revenues	94,333	71,659
Total accounts receivable	292,314	251,141
Deferred fuel costs	18,081	0
Accumulated deferred income taxes	0	7,072
Fuel inventory	27,753	3
Materials and supplies - at average cost	139,724	138,047
Deferred nuclear refueling outage costs	36,420	11,364
Prepaid taxes	57,093	25,010
Prepayments and other	18,723	10,719
TOTAL	592,120	566,610
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests	807,424	807,424
Decommissioning trust funds	254,659	240,535
Storm reserve escrow account	201,147	200,972
Non-utility property - at cost (less accumulated depreciation)	851	946
TOTAL	1,264,081	1,249,877
UTILITY PLANT
Electric	7,732,472	7,216,146
Property under capital lease	264,266	264,266
Construction work in progress	560,935	521,172
Nuclear fuel	156,262	134,528
TOTAL UTILITY PLANT	8,713,935	8,136,112
Less - accumulated depreciation and amortization	3,599,637	3,457,190
UTILITY PLANT - NET	5,114,298	4,678,922
Regulatory assets:
Regulatory asset for income taxes - net	245,047	235,404
Other regulatory assets	670,296	662,746
Deferred fuel costs	67,998	67,998
Other	32,415	26,866
TOTAL	1,015,756	993,014
TOTAL ASSETS	7,986,255	7,488,423
CURRENT LIABILITIES
Currently maturing long-term debt	24,864	35,550
Short-term borrowings	64,649	23,066
Accounts payable:
Associated companies	176,861	148,528
Other	165,080	140,564
Customer deposits	85,989	84,437
Accumulated deferred income taxes	11,117	0
Interest accrued	35,638	31,889
Deferred fuel costs	0	59,227
Pension and other postretirement liabilities	8,767	8,632
Other	22,608	17,514
TOTAL	595,573	549,407
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	1,985,025	1,896,685
Accumulated deferred investment tax credits	74,868	76,453
Other regulatory liabilities	101,542	88,899
Decommissioning and asset retirement cost liabilities	333,285	321,176
Accumulated provisions	217,241	223,556
Pension and other postretirement liabilities	309,802	345,725
Long-term debt	2,071,697	1,771,566
Other	78,524	78,085
TOTAL	5,171,984	4,802,145
Commitments and Contingencies
EQUITY
Preferred membership interests without sinking fund	100,000	100,000
Member's equity	2,142,559	2,061,833
Accumulated other comprehensive loss	(23,861)	(24,962)
TOTAL	2,218,698	2,136,871
TOTAL LIABILITIES AND EQUITY	$ 7,986,255	$ 7,488,423

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Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011		Jun. 30, 2010
OPERATING REVENUES
Electric	$ 2,212,038	$ 2,214,108	$ 4,077,936		$ 4,221,038
Natural gas	28,891	31,136	100,014		127,163
Competitive businesses	562,350	617,706	1,166,538		1,274,095
TOTAL	2,803,279	2,862,950	5,344,488		5,622,296
Operating and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	563,333	631,546	1,071,026		1,190,214
Purchased power	451,227	416,458	813,845		891,361
Nuclear refueling outage expenses	62,966	64,221	126,951		126,510
Other operation and maintenance	712,496	700,204	1,368,245		1,402,692
Decommissioning	55,497	52,467	110,762		104,043
Taxes other than income taxes	129,215	126,968	254,449		262,380
Depreciation and amortization	264,206	255,567	529,090		524,771
Other regulatory charges (credits) - net	5,601	(10,722)	491		17,370
TOTAL	2,244,541	2,236,709	4,274,859		4,519,341
OPERATING INCOME	558,738	626,241	1,069,629		1,102,955
OTHER INCOME
Allowance for equity funds used during construction	20,753	17,630	38,042		30,926
Interest and investment income	35,921	34,955	62,668		83,164
Miscellaneous - net	(16,962)	(16,780)	(26,360)		(17,302)
TOTAL	39,712	35,805	74,350		96,788
INTEREST EXPENSE
Interest expense	136,049	148,179	272,183		327,379
Allowance for borrowed funds used during construction	(9,150)	(10,323)	(17,684)		(18,325)
TOTAL	126,899	137,856	254,499		309,054
INCOME BEFORE INCOME TAXES	471,551	524,190	889,480		890,689
Income taxes	150,953	203,907	315,203		351,592
NET INCOME	320,598	320,283	574,277	[1]	539,097	[1]
Preferred dividend requirements of subsidiaries	5,015	5,017	10,031		10,033
Earnings Applicable to Common Stock	$ 315,583	$ 315,266	$ 564,246		$ 529,064
Earnings per average common share:
Basic	$ 1.77	$ 1.67	$ 3.16		$ 2.80
Diluted	$ 1.76	$ 1.65	$ 3.14		$ 2.77
Dividends declared per common share	$ 0.83	$ 0.83	$ 1.66		$ 1.58
Basic average number of common shares outstanding	177,808,890	188,776,240	178,318,784		188,988,284
Diluted average number of common shares outstanding	178,925,180	190,717,958	179,502,551		190,999,699

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.

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Consolidated Balance Sheets (ENTERGY TEXAS, INC. AND SUBSIDIARIES) (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data	Jun. 30, 2011	Dec. 31, 2010
Regulatory assets:
Securitization property	$ 852,723	$ 882,346
NON-CURRENT LIABILITIES
Securitization bonds	895,824	931,131
COMMON EQUITY
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	254,752,788
Entergy Texas
Regulatory assets:
Securitization property	739,700	763,841
NON-CURRENT LIABILITIES
Securitization bonds	$ 775,901	$ 807,066
COMMON EQUITY
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	46,525,000	46,525,000
Common stock, shares outstanding	46,525,000	46,525,000

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Decommissioning Trust Funds (Details) (USD $) In Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Securities held
Fair Value	$ 3,775.0	$ 3,596.0
Total Unrealized Gains	600	503
Total Unrealized Losses	10	21
Equity securities [Member]
Securities held
Fair Value	2,204.0	2,076.0
Total Unrealized Gains	525	436
Total Unrealized Losses	5	9
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Less than 12 months Fair Value	49	15
More than 12 months Fair Value	52	105
Total Fair Value	101	120
Less than 12 Months Gross Unrealized Losses	1	1
More than 12 Months Gross Unrealized Losses	4	8
Total Gross Unrealized Losses	5	9
Debt Securities [Member]
Securities held
Fair Value	1,571.0	1,520.0
Total Unrealized Gains	75	67
Total Unrealized Losses	5	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
Less than 12 months Fair Value	314	474
More than 12 months Fair Value	5	4
Total Fair Value	319	478
Less than 12 Months Gross Unrealized Losses	5	11
More than 12 Months Gross Unrealized Losses		1
Total Gross Unrealized Losses	$ 5	$ 12

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Retirement and Other Postretirement Benefits (Details Textuals) (USD $) In Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Retirement and Other Postretirement Benefits (Textuals) [Abstract]
Pension cost for non qualified pension plans	$ 4.9	$ 11.5	$ 9.8	$ 16.1
Expected 2011 pension contributions			400.5
Contributed pension plans			275.1
Remaining estimated pension contributions during period			125.4
Settlement charge related to the payment of lump sum benefits out of plan		$ 6.9

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Business Segment Information

6 Months Ended

Jun. 30, 2011

Business Segment Information [Abstract]

BUSINESS SEGMENT INFORMATION

NOTE 7. BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

     Entergy’s reportable segments as of June 30, 2011 are 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 and operation of six nuclear power plants located in the northern United States and the sale of the electric power produced by those 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, including the earnings on the proceeds of sales of previously-owned businesses.

     In the fourth quarter 2010, Entergy finished integrating its former Non-Utility Nuclear segment and its non-nuclear wholesale asset business into the new Entergy Wholesale Commodities business in an internal reorganization. The 2010 information in the tables below has been restated to reflect the change in reportable segments.

     Entergy’s segment financial information for the second quarters of 2011 and 2010 is as follows:

			Entergy
			Wholesale
	Utility		Commodities*		All Other			Eliminations			Consolidated
	(In Thousands)
2011
Operating revenues	$	2,241,475	$	568,076	$	1,038		$	(7,310	)	$	2,803,279
Income taxes (benefit)	$	139,036	$	64,324	$	(52,407	)	$	—		$	150,953
Consolidated net income	$	252,741	$	65,556	$	29,946		$	(27,645	)	$	320,598
2010
Operating revenues	$	2,246,108	$	622,067	$	2,068		$	(7,293	)	$	2,862,950
Income taxes (benefit)	$	141,047	$	67,348	$	(4,488	)	$	—		$	203,907
Consolidated net income	$	230,173	$	104,557	$	3,912		$	(18,359	)	$	320,283

     Entergy’s segment financial information for the six months ended June 30, 2011 and 2010 is as follows:

			Entergy
			Wholesale
	Utility		Commodities*		All Other			Eliminations			Consolidated
	(In Thousands)
2011
Operating revenues	$	4,179,093	$	1,178,223	$	2,138		$	(14,966	)	$	5,344,488
Income taxes (benefit)	$	229,241	$	149,265	$	(63,303	)	$	—		$	315,203
Consolidated net income	$	421,394	$	188,789	$	19,383		$	(55,289	)	$	574,277
2010
Operating revenues	$	4,349,937	$	1,282,466	$	4,025		$	(14,132	)	$	5,622,296
Income taxes (benefit)	$	231,017	$	154,888	$	(34,313	)	$	—		$	351,592
Consolidated net income	$	373,144	$	195,099	$	7,573		$	(36,719	)	$	539,097

Businesses marked with * are sometimes referred to as the “competitive businesses.” Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

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.

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Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings and Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2011

Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings (Tables) [Abstract]

Summary of the borrowings outstanding and capacity available under the facility

		Letters	Capacity
Capacity	Borrowings	of Credit	Available
(In Millions)
$3,465	$1,895	$25	$1,545

Credit facilities

						Amount Drawn
						as of
		Amount of				June 30,
Company	Expiration Date	Facility	Interest Rate (a)			2011
Entergy Arkansas	April 2012	$78 million (b)		3.25	%		—
Entergy Gulf States Louisiana	August 2012	$100 million (c)		0.60	%		—
Entergy Louisiana	August 2012	$200 million (d)		0.61	%	$100 million
Entergy Mississippi	May 2012	$35 million (e)		1.94	%		—
Entergy Mississippi	May 2012	$25 million (e)		1.94	%		—
Entergy Mississippi	May 2012	$10 million (e)		1.94	%		—
Entergy Texas	August 2012	$100 million (f)		0.66	%		—

(a)	The interest rate is the rate as of June 30, 2011 that would be applied to outstanding borrowings under the facility.
(b)	The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization. Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable.
(c)	The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(d)	The credit facility allows Entergy Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(e)	Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Entergy Mississippi is required to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(f)	The credit facility allows Entergy Texas to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Texas to maintain a consolidated debt ratio of 65% or less of its total capitalization. Pursuant to the terms of the credit agreement securitization bonds are excluded from debt and capitalization in calculating the debt ratio.

Short-term borrowings and the outstanding short-term borrowings

	Authorized		Borrowings
	(In Millions)
Entergy Arkansas	$	250		—
Entergy Gulf States Louisiana	$	200		—
Entergy Louisiana	$	250	$	212
Entergy Mississippi	$	175	$	27
Entergy New Orleans	$	100		—
Entergy Texas	$	200	$	21
System Energy	$	200		—

Issuance of commercial paper to finance acquisition and ownership of nuclear fuel

				Weighted
				Average			Amount
				Interest			Outstanding
		Amount		Rate on			as of
	Expiration	of		Borrowings			June 30,
Company	Date	Facility		(a)			2011
	(Dollars in Millions)
Entergy Arkansas VIE	July 2013	$	85		2.34	%	$	37.6
Entergy Gulf States Louisiana VIE	July 2013	$	85		2.13	%	$	56.3
Entergy Louisiana VIE	July 2013	$	90		2.28	%	$	64.2
System Energy VIE	July 2013	$	100		2.28	%	$	0.5

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances by the VIEs for Entergy Arkansas, Entergy Louisiana, and System Energy. The VIE for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.

Notes payable by variable interest entities

Company	Description	Amount
Entergy Arkansas VIE	5.60% Series G due September 2011	$35 million
Entergy Arkansas VIE	9% Series H due June 2013	$30 million
Entergy Arkansas VIE	5.69% Series I due July 2014	$70 million
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Gulf States Louisiana VIE	5.56% Series N due May 2013	$75 million
Entergy Gulf States Louisiana VIE	5.41% Series O due July 2012	$60 million
Entergy Louisiana VIE	5.69% Series E due July 2014	$50 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
System Energy VIE	6.29% Series F due September 2013	$70 million
System Energy VIE	5.33% Series G due April 2015	$60 million

Book value and the fair value of long-term debt

	Book Value		Fair Value
	of Long-Term		of Long-Term
	Debt		Debt (a) (b)
	(In Thousands)
Entergy	$	12,185,430	$	11,797,794
Entergy Arkansas	$	1,914,895	$	1,769,498
Entergy Gulf States Louisiana	$	1,616,551	$	1,666,022
Entergy Louisiana	$	2,096,561	$	1,900,873
Entergy Mississippi	$	920,409	$	957,438
Entergy New Orleans	$	166,714	$	171,567
Entergy Texas	$	1,628,270	$	1,807,543
System Energy	$	787,011	$	628,293

(a)	The values exclude lease obligations of $194 million at Entergy Louisiana and $179 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $158 million at Entergy, and include debt due within one year.
(b)	Fair values are based on prices derived by independent third parties that use inputs such as benchmark yields, reported trades, broker/dealer quotes, and issuer spreads.

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Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings and Long-Term Debt (Details) (USD $)	6 Months Ended
	Jun. 30, 2011		Dec. 31, 2010
Summary of the borrowings outstanding and capacity available under the facility
Capacity	$ 3,465,000,000
Borrowings	1,895,000,000
Letters of credit	25,000,000
Capacity Available	1,545,000,000
Credit facilities
Amount of Facility	3,465,000,000
Amount Drawn/ Outstanding	1,895,000,000
Entergy Mississippi [Member] | Credit facilities One [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	35,000,000	[1]
Borrowings	0
Credit facilities
Expiration Date	May 2012
Amount of Facility	35,000,000	[1]
Interest Rate	1.94%	[2]
Amount Drawn/ Outstanding	0
Entergy Mississippi [Member] | Credit facilities Two [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	25,000,000	[1]
Borrowings	0
Credit facilities
Expiration Date	May 2012
Amount of Facility	25,000,000	[1]
Interest Rate	1.94%	[2]
Amount Drawn/ Outstanding	0
Entergy Mississippi [Member] | Credit facilities Three [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	10,000,000	[1]
Borrowings	0
Credit facilities
Expiration Date	May 2012
Amount of Facility	10,000,000	[1]
Interest Rate	1.94%	[2]
Amount Drawn/ Outstanding	0
Entergy Arkansas [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	78,000,000	[3]
Borrowings	0
Credit facilities
Expiration Date	April 2012
Amount of Facility	78,000,000	[3]
Interest Rate	3.25%	[2]
Amount Drawn/ Outstanding	0
Short-term borrowings and the outstanding short-term borrowings
Authorized	250,000,000
Borrowings	35,617,000		62,777,000
Entergy Gulf States Louisiana [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	100,000,000	[4]
Borrowings	0
Credit facilities
Expiration Date	August 2012
Amount of Facility	100,000,000	[4]
Interest Rate	0.60%	[2]
Amount Drawn/ Outstanding	0
Short-term borrowings and the outstanding short-term borrowings
Authorized	200,000,000
Borrowings	0
Entergy Louisiana [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	200,000,000	[5]
Borrowings	100,000,000
Credit facilities
Expiration Date	August 2012
Amount of Facility	200,000,000	[5]
Interest Rate	0.61%	[2]
Amount Drawn/ Outstanding	100,000,000
Short-term borrowings and the outstanding short-term borrowings
Authorized	250,000,000
Borrowings	64,649,000		23,066,000
Entergy Mississippi [Member]
Short-term borrowings and the outstanding short-term borrowings
Authorized	175,000,000
Borrowings	27,000,000
Entergy New Orleans [Member]
Short-term borrowings and the outstanding short-term borrowings
Authorized	100,000,000
Borrowings	0
Entergy Texas [Member]
Summary of the borrowings outstanding and capacity available under the facility
Capacity	100,000,000	[6]
Borrowings	0
Credit facilities
Expiration Date	August 2012
Amount of Facility	100,000,000	[6]
Interest Rate	0.66%	[2]
Amount Drawn/ Outstanding	0
Short-term borrowings and the outstanding short-term borrowings
Authorized	200,000,000
Borrowings	21,000,000
System Energy [Member]
Short-term borrowings and the outstanding short-term borrowings
Authorized	200,000,000
Borrowings	$ 501,000		$ 38,264,000

[1] Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Entergy Mississippi is required to maintain a consolidated debt ratio of 65% or less of its total capitalization. Prior to expiration on May 31, 2011, Entergy Mississippi expects to renew all of its credit facilities.

[2] The interest rate is the rate as of June 30, 2011 applied or that would be applied to the outstanding borrowings under the facility.

[3] The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization.Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable.

[4] The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.

[5] The credit facility allows Entergy Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.

[6] The credit facility allows Entergy Texas to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Texas to maintain a consolidated debt ratio of 65% or less of its total capitalization. Pursuant to the terms of the credit agreement securitization bonds are excluded from debt and capitalization in calculating the debt ratio.

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Equity

6 Months Ended

Jun. 30, 2011

Equity [Abstract]

EQUITY

NOTE 3. EQUITY (Entergy Corporation, Entergy Gulf States Louisiana, and Entergy Louisiana)

Common Stock

Earnings per Share

     The following tables present Entergy’s basic and diluted earnings per share calculations included on the consolidated income statement:

	For the Three Months Ended June 30,
	2011							2010
	(In Millions, Except Per Share Data)
	Income		Shares		$/share			Income		Shares		$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$	315.6		177.8	$	1.77		$	315.3		188.8	$	1.67
Average dilutive effect of:
Stock options		—		1.0		(0.01	)		—		1.9		(0.02	)
Restricted stock		—		0.1		—			—		—		—
Diluted earnings per share	$	315.6		178.9	$	1.76		$	315.3		190.7	$	1.65

	For the Six Months Ended June,
	2011							2010
	(In Millions, Except Per Share Data)
	Income		Shares		$/share			Income		Shares		$/share
Basic earnings per share
Net income attributable to Entergy Corporation	$	564.2		178.3	$	3.16		$	529.1		189.0	$	2.80
Average dilutive effect of:
Stock options		—		1.0		(0.02	)		—		2.0		(0.03	)
Restricted stock		—		0.2		—			—		—		—
Diluted earnings per share	$	564.2		179.5	$	3.14		$	529.1		191.0	$	2.77

     Entergy’s stock options and other equity compensation plans are discussed in Note 5 herein, and in Note 12 to the financial statements in the Form 10-K.

Treasury Stock

     During the six months ended June 30, 2011, Entergy Corporation issued 424,598 shares of its previously repurchased common stock to satisfy stock option exercises and other stock-based awards. Also during the six months ended June 30, 2011, Entergy Corporation repurchased 2,337,000 shares of its common stock for a total purchase price of $159.6 million.

Retained Earnings

     On July 29, 2011 Entergy Corporation’s Board of Directors declared a common stock dividend of $0.83 per share, payable on September 1, 2011 to holders of record as of August 11, 2011.

Comprehensive Income

     Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy, Entergy Gulf States Louisiana, and Entergy Louisiana. Accumulated other comprehensive loss in the balance sheets included the following components:

							Entergy						Entergy
	Entergy						Gulf States Louisiana						Louisiana
	June 30,			December 31,			June 30,			December 31,			June 30,			December 31,
	2011			2010			2011			2010			2011			2010
	(In Thousands)
Cash flow hedges net unrealized gain	$	34,534		$	106,258		$	—		$	—		$	—		$	—
Pension and other postretirement liabilities		(269,868	)		(276,466	)		(39,075	)		(40,304	)		(23,861	)		(24,962	)
Net unrealized investment gains		157,556			129,685			—			—			—			—
Foreign currency translation		2,622			2,311			—			—			—			—
Total	$	(75,156	)	$	(38,212	)	$	(39,075	)	$	(40,304	)	$	(23,861	)	$	(24,962	)

     Other comprehensive income and total comprehensive income for the six months ended June 30, 2011 and 2010 are presented in Entergy’s, Entergy Gulf States Louisiana’s, and Entergy Louisiana’s Statements of Changes in Equity and Comprehensive Income. Other comprehensive income and total comprehensive income, for the three months ended June 30, 2011 and 2010, are (all of the components of other comprehensive income are attributable to common equity):

	Entergy
Three Months Ended June 30,	2011			2010
	(In Thousands)
Consolidated net income	$	320,598		$	320,283
Other comprehensive income
Cash flow hedges net unrealized loss (a)		(13,516	)		(83,467	)
Pension and other postretirement liabilities (b)		2,339			3,205
Net unrealized investment gain (loss) (c)		3,186			(36,043	)
Foreign currency translation (d)		11			(152	)
Total	$	312,618		$	203,826

(a)	Net of tax benefit of $7,208 and $50,672, respectively.
(b)	Net of tax expense of $1,964 and $1,650, respectively.
(c)	Net of tax expense (benefit) of $3,386 and ($33,891), respectively.
(d)	Net of tax expense (benefit) of $6 and ($82), respectively.

	Entergy				Entergy
	Gulf States Louisiana				Louisiana
Three Months Ended June 30,	2011		2010		2011		2010
	(In Thousands)
Net income	$	49,310	$	32,154	$	75,103	$	61,259
Other comprehensive income
Pension and other postretirement liabilities (e)		486		519		367		445
Total	$	49,796	$	32,673	$	75,470	$	61,704

(e) Net of tax expense of $508, $505, $365, and $377, respectively.

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Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings and Long-Term Debt

6 Months Ended

Jun. 30, 2011

Revolving Credit Facilities Lines Of Credit Short Term Borrowings And Long Term Debt [Abstract]

REVOLVING CREDIT FACILITIES, LINES OF CREDIT, SHORT-TERM BORROWINGS,

NOTE 4. REVOLVING CREDIT FACILITIES, LINES OF CREDIT, SHORT-TERM BORROWINGS, AND LONG-TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

     Entergy Corporation has in place a credit facility that expires in August 2012 and has a borrowing capacity of approximately $3.5 billion. Entergy Corporation also has the ability to issue letters of credit against the total borrowing capacity of the credit facility. The facility fee is currently 0.125% of the commitment amount. Facility fees and interest rates on loans under the credit facility can fluctuate depending on the senior unsecured debt ratings of Entergy Corporation. The weighted average interest rate for the six months ended June 30, 2011 was 0.762% on the drawn portion of the facility. Following is a summary of the borrowings outstanding and capacity available under the facility as of June 30, 2011.

		Letters	Capacity
Capacity	Borrowings	of Credit	Available
(In Millions)
$3,465	$1,895	$25	$1,545

     Entergy Corporation’s facility requires it to maintain a consolidated debt ratio of 65% or less of its total capitalization. Entergy is in compliance with this covenant. If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Utility operating companies (except Entergy New Orleans) defaults on other indebtedness or is in bankruptcy or insolvency proceedings, an acceleration of the facility maturity date may occur.

     Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy Texas each had credit facilities available as of June 30, 2011 as follows:

						Amount Drawn
						as of
		Amount of				June 30,
Company	Expiration Date	Facility	Interest Rate (a)			2011
Entergy Arkansas	April 2012	$78 million (b)		3.25	%		—
Entergy Gulf States Louisiana	August 2012	$100 million (c)		0.60	%		—
Entergy Louisiana	August 2012	$200 million (d)		0.61	%	$100 million
Entergy Mississippi	May 2012	$35 million (e)		1.94	%		—
Entergy Mississippi	May 2012	$25 million (e)		1.94	%		—
Entergy Mississippi	May 2012	$10 million (e)		1.94	%		—
Entergy Texas	August 2012	$100 million (f)		0.66	%		—

(a)	The interest rate is the rate as of June 30, 2011 that would be applied to outstanding borrowings under the facility.
(b)	The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization. Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable.
(c)	The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(d)	The credit facility allows Entergy Louisiana to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(e)	Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Entergy Mississippi is required to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(f)	The credit facility allows Entergy Texas to issue letters of credit against the borrowing capacity of the facility. As of June 30, 2011, no letters of credit were outstanding. The credit facility requires Entergy Texas to maintain a consolidated debt ratio of 65% or less of its total capitalization. Pursuant to the terms of the credit agreement securitization bonds are excluded from debt and capitalization in calculating the debt ratio.

     The facility fees on the credit facilities range from 0.09% to 0.15% of the commitment amount.

     The short-term borrowings of the Registrant Subsidiaries are limited to amounts authorized by the FERC. The current FERC-authorized limits are effective through October 31, 2011 under a FERC order dated October 14, 2009. In addition to borrowings from commercial banks, these companies are authorized under a FERC order to borrow from the Entergy System money pool. The money pool is an inter-company borrowing arrangement designed to reduce the Utility subsidiaries’ dependence on external short-term borrowings. Borrowings from the money pool and external borrowings combined may not exceed the FERC-authorized limits. The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of June 30, 2011 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:

	Authorized		Borrowings
	(In Millions)
Entergy Arkansas	$	250		—
Entergy Gulf States Louisiana	$	200		—
Entergy Louisiana	$	250	$	212
Entergy Mississippi	$	175	$	27
Entergy New Orleans	$	100		—
Entergy Texas	$	200	$	21
System Energy	$	200		—

Variable Interest Entities (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)

     See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE). The variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of June 30, 2011:

				Weighted
				Average			Amount
				Interest			Outstanding
		Amount		Rate on			as of
	Expiration	of		Borrowings			June 30,
Company	Date	Facility		(a)			2011
	(Dollars in Millions)
Entergy Arkansas VIE	July 2013	$	85		2.34	%	$	37.6
Entergy Gulf States Louisiana VIE	July 2013	$	85		2.13	%	$	56.3
Entergy Louisiana VIE	July 2013	$	90		2.28	%	$	64.2
System Energy VIE	July 2013	$	100		2.28	%	$	0.5

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances by the VIEs for Entergy Arkansas, Entergy Louisiana, and System Energy. The VIE for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.

     The amount outstanding on Entergy Gulf States Louisiana’s credit facility is included in long-term debt on its balance sheet and the commercial paper outstanding for the other VIEs is classified as a current liability on the respective balance sheets. The commitment fees on the credit facilities are 0.20% of the undrawn commitment amount. Each credit facility requires the respective lessee (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, or Entergy Corporation as guarantor for System Energy) to maintain a consolidated debt ratio of 70% or less of its total capitalization.

     The variable interest entities had notes payable that are included in long-term debt on the respective balance sheets as of June 30, 2011 as follows:

Company	Description	Amount
Entergy Arkansas VIE	5.60% Series G due September 2011	$35 million
Entergy Arkansas VIE	9% Series H due June 2013	$30 million
Entergy Arkansas VIE	5.69% Series I due July 2014	$70 million
Entergy Arkansas VIE	3.23% Series J due July 2016	$55 million
Entergy Gulf States Louisiana VIE	5.56% Series N due May 2013	$75 million
Entergy Gulf States Louisiana VIE	5.41% Series O due July 2012	$60 million
Entergy Louisiana VIE	5.69% Series E due July 2014	$50 million
Entergy Louisiana VIE	3.30% Series F due March 2016	$20 million
System Energy VIE	6.29% Series F due September 2013	$70 million
System Energy VIE	5.33% Series G due April 2015	$60 million

     In accordance with regulatory treatment, interest on the nuclear fuel company variable interest entities’ credit facilities, commercial paper, and long-term notes payable is reported in fuel expense.

Debt Issuances and Redemptions

(Entergy Louisiana)

     In March 2011, Entergy Louisiana issued $200 million of 4.80% Series first mortgage bonds due May 2021. Entergy Louisiana used the proceeds, together with other available funds, to purchase Unit 2 of the Acadia Energy Center, a 580MW generating unit located near Eunice, Louisiana.

(Entergy Mississippi)

     In April 2011, Entergy Mississippi issued $150 million of 6.0% Series first mortgage bonds due May 2051. Entergy Mississippi used a portion of the proceeds to pay at maturity its $80 million 4.65% Series first mortgage bonds due May 2011.

     In May 2011, Entergy Mississippi issued $125 million of 3.25% Series first mortgage bonds due June 2016. Entergy Mississippi used a portion of the proceeds to pay prior to maturity its $100 million 5.92% Series first mortgage bonds due February 2016.

Fair Value

     The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of June 30, 2011 are as follows:

	Book Value		Fair Value
	of Long-Term		of Long-Term
	Debt		Debt (a) (b)
	(In Thousands)
Entergy	$	12,185,430	$	11,797,794
Entergy Arkansas	$	1,914,895	$	1,769,498
Entergy Gulf States Louisiana	$	1,616,551	$	1,666,022
Entergy Louisiana	$	2,096,561	$	1,900,873
Entergy Mississippi	$	920,409	$	957,438
Entergy New Orleans	$	166,714	$	171,567
Entergy Texas	$	1,628,270	$	1,807,543
System Energy	$	787,011	$	628,293

(a)	The values exclude lease obligations of $194 million at Entergy Louisiana and $179 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $158 million at Entergy, and include debt due within one year.
(b)	Fair values are based on prices derived by independent third parties that use inputs such as benchmark yields, reported trades, broker/dealer quotes, and issuer spreads.

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Variable Interest Entities

6 Months Ended

Jun. 30, 2011

Variable Interest Entities [Abstract]

VARIABLE INTEREST ENTITIES

NOTE 12. VARIABLE INTEREST ENTITIES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, System Energy)

     See Note 18 to the financial statements in the Form 10-K for a discussion of variable interest entities.

     Entergy Louisiana and System Energy are each considered to each hold a variable interest in the lessors from which they lease, respectively, undivided interests representing approximately 9.3% of the Waterford 3 and 11.5% of the Grand Gulf nuclear plants. Entergy Louisiana and System Energy are the lessees under these arrangements, which are described in more detail in Note 10 to the consolidated financial statements in the Form 10-K. Entergy Louisiana made payments on its lease, including interest, of $37.6 million and $25.3 million in the six months ended June 30, 2011 and 2010, respectively. System Energy made payments on its lease, including interest, of $47.4 million and $45.7 million in the six months ended June 30, 2011 and 2010, respectively.

     In the opinion of the management of Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas and System Energy, the accompanying unaudited financial statements contain all adjustments (consisting primarily of normal recurring accruals and reclassification of previously reported amounts to conform to current classifications) necessary for a fair statement of the results for the interim periods presented. The business of the Registrant Subsidiaries is subject to seasonal fluctuations, however, with the peak periods occurring during the third quarter. The results for the interim periods presented should not be used as a basis for estimating results of operations for a full year.

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Consolidated Statements of Changes in Common Equity (ENTERGY TEXAS, INC. AND SUBSIDIARIES) (Unaudited) (USD $) In Thousands	Total		Common Stock	Paid-in Capital	Retained Earnings		Entergy Texas	Entergy Texas Common Stock	Entergy Texas Paid-in Capital	Entergy Texas Retained Earnings
Beginning Balance at Dec. 31, 2009	$ 8,707,360		$ 2,548	$ 5,370,042	$ 8,043,122		$ 844,490	$ 49,452	$ 481,994	$ 313,044
Net income	539,097	[1]			529,064	[1]	34,751			34,751
Common stock	(298,796)						(63,900)			(63,900)
Ending Balance at Jun. 30, 2010	8,864,738		2,548	5,377,119	8,273,153		815,341	49,452	481,994	283,895
Beginning Balance at Mar. 31, 2010
Net income	320,283						22,333
Ending Balance at Jun. 30, 2010	8,864,738		2,548	5,377,119			815,341	49,452	481,994
Beginning Balance at Dec. 31, 2010	8,590,400		2,548	5,367,474	8,689,401		824,290	49,452	481,994	292,844
Net income	574,277	[1]			564,246	[1]	38,823			38,823
Common stock	(296,355)
Ending Balance at Jun. 30, 2011	8,691,566		2,548	5,366,132	8,957,516		863,113	49,452	481,994	331,667
Beginning Balance at Mar. 31, 2011
Net income	320,598						23,097
Ending Balance at Jun. 30, 2011	$ 8,691,566		$ 2,548	$ 5,366,132			$ 863,113	$ 49,452	$ 481,994

[1] Consolidated net income and preferred dividend requirements of subsidiaries for both 2010 and 2011 include $6.6 million of preferred dividends on subsidiaries' preferred stock without sinking fund that is not presented as equity.