EX-99.1 2 a03213991.htm a03213991.htm
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ENTERGY STATISTICAL REPORT
 
AND INVESTOR GUIDE
 
 
 
 2012
 
 
 
 
 
 
 
 
 
 
 

 
 

Our Vision: We Power Life
 
Our Mission: Create Sustainable Value for
Stakeholders
 
We exist to operate a world-class energy
business that creates sustainable value for our
stakeholders
 
● For our owners, we create value by aspiring to provide top-quartile returns
through the relentless pursuit of opportunities to optimize our business
● For our customers, we create value by constantly striving for reasonable
costs and providing safe, reliable products and services
● For our employees, we provide a safe, rewarding, engaging, diverse and
   inclusive work environment, fair compensation and benefits and opportunities
to advance their careers
● For our communities, we create value through economic development,
    philanthropy, volunteerism and advocacy and by operating our business safely
and in a socially and environmentally responsible way
 
   Entergy Corporation, which celebrates its 100th birthday in 2013, is an
 integrated energy company engaged primarily in electric power production
and retail distribution operations. Entergy owns and operates power plants
with approximately 30,000 megawatts of electric generating capacity,
including more than 10,000 megawatts of nuclear power, making it one of the
nation’s leading nuclear generators. Entergy delivers electricity to 2.8 million
utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has
annual revenues of more than $10 billion and approximately 15,000 employees.
 
 
 
 
 
 
 
We have assembled the statistics and facts in this report to support your
review and analysis of Entergy’s results over the last five years. This
information is available in two electronic files, Excel and PDF in order to
facilitate easier access and analysis.
 
Entergy Investor Relations


 
 

 
 

TABLE OF CONTENTS
   
Note:  The Excel Tab labels correspond to the page numbers
     
in the PDF version of the 2012 Statistical Report.
 
 
Excel Tab
   
Excel Tab
ABOUT THIS PUBLICATION
Page 2
 
UTILITY SECURITIES DETAIL
Page 31
FORWARD-LOOKING INFORMATION
Page 2
 
  Utility Long-Term Debt and Preferred Stock
Page 31
REGULATION G COMPLIANCE
Page 2
 
  Entergy Arkansas, Inc.
Page 31
ENTERGY AT A GLANCE
Pages 3 – 4
 
  Entergy Gulf States Louisiana, L.L.C.
Page 32
     
  Entergy Louisiana, LLC
Page 33
ENTERGY CORPORATION AND SUBSIDIARIES
   
  Entergy Mississippi, Inc.
Page 34
  Selected Financial and Operating Data
Page 5
 
  Entergy New Orleans, Inc.
Page 34
     Selected Financial Data
Page 5
 
  Entergy Texas, Inc.
Page 35
     Utility Electric Operating Data
Page 5
 
  System Energy Resources, Inc.
Page 35
     Entergy Wholesale Commodities Operating Data
Page 5
 
UTILITY STATISTICAL INFORMATION
Page 36
     Employees
Page 5
 
  Utility Total Capability
Page 36
     Owned and Leased Capability
Page 5
 
  Utility Selected Operating Data
Page 36
    Consolidated Quarterly Financial Metrics
Page 6
 
  Utility Consolidating Information
Page 37
    Consolidated Annual Financial Metrics
Page 6
 
  Entergy Arkansas, Inc.
Pages 38 – 39
    Consolidated Financial Results
Page 7
 
  Entergy Gulf States Louisiana, L.L.C.
Pages 40 – 41
     Consolidated Quarterly Results
Page 7
 
  Entergy Louisiana, LLC
Pages 42 – 43
     Consolidated Quarterly Special Items
Page 8
 
  Entergy Mississippi, Inc.
Pages 44 – 45
     Consolidated Annual Results
Page 9
 
  Entergy New Orleans, Inc.
Pages 46 – 47
     Consolidated Annual Special Items
Page 10
 
  System Energy Resources, Inc.
Page 47
     Description of Consolidated Special Items
Page 11
 
  Entergy Texas, Inc.
Pages 48 – 49
     Consolidated Statements of Income
Page 12
 
  Utility Nuclear Plant Statistics
Page 50
     Consolidating Income Statement
Page 13
 
UTILITY REGULATORY INFORMATION
Page 51
     Consolidated Balance Sheets
Pages 14 – 15
 
  Regulatory Commissions
Page 51
     Consolidating Balance Sheet
Pages 16 – 17
 
  Commission/Council Members
Page 51
     Consolidated Statements of Cash Flow
Pages 18 – 19
 
  Utility Electric and Gas Fuel Recovery Mechanisms
Page 52
     Cash Flow Information by Business
Page 19
     
     Consolidated Statements of Changes in Equity
Page 20
 
ENTERGY WHOLESALE COMMODITIES
 
       and Comprehensive Income
   
    EWC Quarterly Financial Metrics
Page 53
     Consolidated Statements of Comprehensive
Page 21
 
    EWC Annual Financial Metrics
Page 53
       Income
   
    EWC Quarterly Operational Metrics
Page 53
  Consolidated Capital Expenditures
Page 22
 
    EWC Annual Operational Metrics
Page 53
  Entergy Corporation Securities Detail
Page 22
 
    EWC Total Capacity
Page 53
     Entergy Corporation Long-Term Debt
Page 22
 
    EWC Nuclear Plant Statistics
Page 54
     Securities Ratings (Outlook)
Page 22
 
    EWC Non-Nuclear Wholesale Assets
Page 54
     
      Plant Statistics
 
UTILITY
   
    EWC Non-Nuclear Wholesale Assets
Page 54
  Utility Quarterly Financial Metrics
Page 23
 
      Plant Emissions
 
  Utility Annual Financial Metrics
Page 23
 
    EWC Nuclear Securities Detail
Page 55
  Utility Securities Ratings (Outlook)
Page 23
 
    EWC Non-Nuclear Wholesale Assets
Page 55
  Utility Historical Capital Expenditures
Page 23
 
     Securities Detail
 
  Utility Planned Capital Expenditures
Page 24
     
  Utility Financial Results
Page 25
 
DEFINITIONS OF OPERATIONAL MEASURES AND
 
    Utility Consolidating Income Statement
Page 25
 
  GAAP AND NON-GAAP FINANCIAL MEASURES
Page 56
    Utility Consolidating Balance Sheet
Pages 26 – 27
     
    Utility Selected Annual Financial Metrics
Pages 28 – 30
 
REG G RECONCILIATIONS
 
     
  Financial Measures
Pages 57 – 67
         
     
INVESTOR INFORMATION
Page 68
         
         
         


 
 

 
 
 
ABOUT THIS PUBLICATION
 
This publication is unaudited and should be used in conjunction with Entergy’s
● uncertainty regarding the establishment of interim or permanent
2012 Annual Report to Shareholders and Form 10-K filed with the Securities
sites for spent nuclear fuel and nuclear waste storage and disposal
and Exchange Commission. It has been prepared for information purposes and
● risks associated with the proposed spin-off and subsequent merger of
is not intended for use in connection with any sale or purchase of, or any offer
Entergy’s electric transmission business into a subsidiary of
to buy, any securities of Entergy Corporation or its subsidiaries.
ITC Holdings Corp., including the risk that Entergy and the Utility operating
 
companies may not be able to timely satisfy the conditions or obtain the
FORWARD-LOOKING INFORMATION
approvals required to complete such transaction or such approvals may
In this report and from time to time, Entergy Corporation makes statements
contain material restrictions or conditions, and the risk that if completed, the
concerning its expectations, beliefs, plans, objectives, goals, strategies, and
transaction may not achieve its anticipated results
future events or performance. Such statements are “forward-looking statements”
● variations in weather and the occurrence of hurricanes and other storms
within the  meaning of the Private Securities Litigation Reform Act of 1995.
and disasters, including uncertainties associated with efforts to remediate
Words such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “intend,”
the effects of hurricanes, ice storms, or other weather events and the recovery
“expect,” “estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,” and other
of costs associated with restoration, including accessing funded storm reserves,
similar words or expressions are intended to identify forward-looking statements
federal and local cost recovery mechanisms, securitization, and insurance
but are not the only means to identify these statements. Although Entergy believes
● effects of climate change
that these forward-looking statements and the underlying assumptions are
● changes in the quality and availability of water supplies and the related
reasonable, it cannot provide assurance that they will prove correct. Any
regulation of water use and diversion
forward-looking statement is based on information current as of the date of this
● Entergy’s ability to manage its capital projects and operation
report and speaks only as of the date on which such statement is made.
and maintenance costs
Except to the extent required by the federal securities laws, Entergy undertakes
● Entergy’s ability to purchase and sell assets at attractive prices
no obligation to publicly update or revise any forward-looking statements,
and on other attractive terms
whether as a result of new information, future events, or otherwise.
● the economic climate, and particularly economic conditions in Entergy’s
     Forward-looking statements involve a number of risks and uncertainties.
Utility service territory and the Northeast United States and events
There are factors that could cause actual results to differ materially from those
that could influence economic conditions in those areas
expressed or implied in the forward-looking statements, including those
● the effects of Entergy’s strategies to reduce tax payments
factors discussed or incorporated by reference in (a) Item 1A. Risk Factors
● changes in the financial markets, particularly those affecting
in the 2012 Form 10-K, (b) Management’s Financial Discussion and Analysis
the availability of capital and Entergy’s ability to refinance existing debt, execute
in the 2012 Form 10-K, and (c) the following factors (in addition to others
share repurchase programs, and fund investments and acquisitions
described elsewhere in this report and in subsequent securities filings):
● actions of rating agencies, including changes in the ratings of
● resolution of pending and future rate cases and negotiations,
debt and preferred stock, changes in general corporate ratings,
including various performance-based rate discussions,
and changes in the rating agencies’ ratings criteria
Entergy’s utility supply plan, and recovery of fuel and purchased power costs
● changes in inflation and interest rates
● the termination of Entergy Arkansas’s and Entergy Mississippi’s participation in
● the effect of litigation and government investigations or proceedings
the System Agreement in December 2013 and November 2015, respectively, and the
● advances in technology
potential for other Entergy operating companies to terminate participation in the System
● the potential effects of threatened or actual terrorism, cyber attacks or data
Agreement by providing notice pursuant to the current 96-month notice period and/or
security breaches, including increased security costs, and war or a
by seeking an amendment to the System Agreement that would allow for an Entergy
catastrophic event such as a nuclear accident or a natural gas pipeline explosion
operating company to terminate its participation in less than 96 months
● Entergy’s ability to attract and retain talented management and directors
● regulatory and operating challenges and uncertainties associated with the Utility
● changes in accounting standards and corporate governance
operating companies’ proposal to move to the Midcontinent Independent
● declines in the market prices of marketable securities and
System Operator, Inc. regional transmission organization
resulting funding requirements for Entergy’s defined benefit
● changes in utility regulation, including the beginning or end of retail and wholesale
pension and other postretirement benefit plans
 competition, the ability to recover net utility assets and other potential stranded
● future wage and employee benefit costs, including changes
 costs, and the application of more stringent transmission reliability requirements
in discount rates and returns on benefit plan assets
 or market power criteria by the Federal Energy Regulatory Commission
● changes in decommissioning trust fund values or earnings
● changes in regulation of nuclear generating facilities and nuclear materials and fuel,
or in the timing of or cost to decommission nuclear plant sites
including possible shutdown of nuclear generating facilities, particularly those owned or
● the effectiveness of Entergy’s risk management policies and
operated by the Entergy Wholesale Commodities business, and the effects of new or
procedures and the ability and willingness of its counterparties
existing safety or environmental concerns regarding nuclear power plants and nuclear fuel
to satisfy their financial and performance commitments
● resolution of pending or future applications, and related regulatory proceedings
● factors that could lead to impairment of long-lived assets
and litigation, for license renewals or modifications of nuclear generating facilities
● the ability to successfully complete merger, acquisition, or
● the performance of and deliverability of power from Entergy’s generation
divestiture plans, regulatory or other limitations imposed as a
 resources, including the capacity factors at its nuclear generating facilities
result of merger, acquisition, or divestiture, and the success of
● Entergy’s ability to develop and execute on a point of view regarding future
the business following a merger, acquisition, or divestiture
prices of electricity, natural gas, and other energy-related commodities
 
● prices for power generated by Entergy’s merchant generating
REGULATION G COMPLIANCE
facilities and the ability to hedge, meet credit support requirements for hedges,
Financial performance measures shown in this report include those
sell power forward or otherwise reduce the market price risk associated
calculated and presented in accordance with generally accepted
with those facilities, including the Entergy Wholesale Commodities nuclear plants
accounting principles (GAAP), as well as those that are considered
●  the prices and availability of fuel and power Entergy must purchase
non-GAAP measures. This report includes non-GAAP measures
for its Utility customers, and Entergy’s ability to meet credit support
of operational earnings; operational adjusted EBITDA; operational return
requirements for fuel and power supply contracts
on average invested capital; operational return on average common or
● volatility and changes in markets for electricity, natural gas,
members’ equity; operational price to earnings ratio; operational common
uranium, and other energy-related commodities
dividend payout ratio; gross liquidity, debt to capital ratio, excluding securitization
● changes in law resulting from federal or state energy legislation or
debt; net debt to net capital ratio, excluding securitization debt; net debt to
legislation subjecting energy derivatives used in hedging and risk
net capital ratio including off-balance sheet liabilities, excluding securitization
management transactions to governmental regulation
debt; total debt, excluding assumption debt; debt to capital ratio, excluding
● changes in environmental, tax, and other laws, including requirements for reduced
assumption debt; and net debt to net capital ratio, excluding assumption debt
emissions of sulfur, nitrogen, carbon, greenhouse gases, mercury, and other regulated
when describing Entergy’s results of operations and financial performance.
air emissions, and changes in costs of compliance with environmental and other laws
We have prepared reconciliations of these measures to the most directly
 and regulations
comparable GAAP measures. Reconciliations can be found on pages 7, 9,
 
and 57 – 67.
   
   
   


 
 

 

ENTERGY AT A GLANCE
   
     
BUSINESS SEGMENT STRUCTURE
   
 
 

Above diagram represents business segment structure and does not necessarily represent legal entity organization structure.
     
     
CORPORATE PROFILE
 
BUSINESS SEGMENTS
Entergy Corporation is a Fortune 500 integrated energy company
Entergy’s five year results in this report are presented in
engaged primarily in electric power production and retail
 
three business segments:
distribution operations.
   
●  Approximately 30,000 MW electric generating capacity
 
●  Utility
●  More than 10,000 MW nuclear power
 
●  Entergy Wholesale Commodities
●  2.8 million utility customers
 
●  Parent and Other
●  More than $10 billion annual revenues
   
●  Approximately 15,000 employees
 
In fourth quarter 2012, Entergy included subsidiaries previously included and reported in the Parent & Other segment in the Entergy Wholesale Commodities segment to improve the alignment of certain intercompany items. The prior period financial information in this report has been restated to reflect this change.
●  98 electric generating units operated
   
     
     
     
     
     
In December 2011, the Entergy and ITC boards of directors approved a definitive agreement under which Entergy will spin off and then merge its electric transmission business with a subsidiary of ITC. The transaction is targeted to close in 2013 and is subject to the satisfaction of certain closing conditions. Regulatory filings include the Entergy Utility operating companies’ retail regulators and the Missouri Public Service Commission, as well as several federal agencies. In Deccember 2012, Entergy and ITC each filed a premerger notification under the Hart-Scott-Rodino Act and the 30-day waiting period required under the HSR Act expired in January 2013. In early May 2013, the Nuclear Regulatory Commission approved the license transfer requests for the utility nuclear plants and in mid-April 2013, the ITC shareholders approved the transaction.
     


 
 

 

ENTERGY CORPORATION AND SUBSIDIARIES
   
BUSINESS SEGMENTS (CONTINUED)
   
     
UTILITY
 
ENTERGY WHOLESALE COMMODITIES
Entergy’s utility companies generate, transmit, distribute, and sell
Entergy’s Wholesale Commodities business owns and operates six nuclear
electric power, and operate a small natural gas distribution business.
 
units in the northern United States. This business is focused on selling power
●  Six electric utilities with 2.8 million customers
 
produced by those plants to wholesale customers. Entergy’s Wholesale
●  Four states – Arkansas, Louisiana, Mississippi, Texas
 
Commodities business also owns interests in non-nuclear power plants that
●  22,000 MW generating capacity
 
sell the electric power produced by those plants to wholesale customers.
●  Two gas utilities with 194,000 customers
 
This business also provides services to other nuclear power plant owners.
   
●  5,011 MW nuclear-owned generating capacity in six units in northern U.S.
ENTERGY ARKANSAS, INC. (EAI)
 
    ●  Pilgrim Nuclear Station in Plymouth, Massachusetts
Entergy Arkansas generates, transmits, distributes, and sells electric
 
    ●  James A. FitzPatrick in Oswego, New York
power to 696,000 retail customers in portions of Arkansas.
 
    ●  Indian Point Units 2 and 3 in Buchanan, New York
   
    ●  Vermont Yankee in Vernon, Vermont
ENTERGY GULF STATES LOUISIANA, L.L.C. (EGSL)
 
    ●  Palisades Nuclear Energy Plant in Covert, Michigan
Entergy Gulf States Louisiana generates, transmits, distributes, and
 
●  1,601 net MW non-nuclear generating capacity
sells electric power to 387,000 retail customers in portions of
 
●  800 MW under management services contract
Louisiana. Entergy Gulf States Louisiana also provides natural gas
 
    ●  Cooper Nuclear Station located near Brownville, Nebraska
utility service to 92,000 customers in the Baton Rouge, Louisiana area.
●  Contracts (ongoing and completed) with other nuclear facility owners to
   
    provide decommissioning and license renewal services
ENTERGY LOUISIANA, LLC (ELL)
   
Entergy Louisiana generates, transmits, distributes, and sells electric
   
power to 673,000 retail customers in portions of Louisiana.
   
   
 
ENTERGY MISSISSIPPI, INC. (EMI)
   
Entergy Mississippi generates, transmits, distributes, and sells electric
 
power to 440,000 retail customers in portions of Mississippi.
   
     
ENTERGY NEW ORLEANS, INC. (ENOI)
   
Entergy New Orleans generates, transmits, distributes, and sells
   
electric power to 165,000 retail customers in the city of New Orleans,
 
Louisiana. Entergy New Orleans also provides natural gas utility
   
service to 102,000 customers in the city of New Orleans.
   
     
ENTERGY TEXAS, INC. (ETI)
   
Entergy Texas generates, transmits, distributes, and sells electric power
 
to 417,000 retail customers in portions of Texas.
   
     
SYSTEM ENERGY RESOURCES, INC. (SERI)
   
System Energy owns or leases 90 percent of the Grand Gulf 1 nuclear
 
generating facility. System Energy sells energy and capacity from
   
Grand Gulf 1 at wholesale to Entergy Arkansas (36%), Entergy Louisiana (14%),
Entergy Mississippi (33%), and Entergy New Orleans (17%).
   
     
UTILITY NUCLEAR PLANTS
   
Entergy owns and operates five nuclear units at four plant sites to serve
 
its regulated utility business: Arkansas Nuclear One (ANO) Units 1 and 2
 
near Russellville, Arkansas; Grand Gulf Nuclear Station in Port Gibson,
 
Mississippi; River Bend Station in St. Francisville, Louisiana; and
   
Waterford 3 in Killona, Louisiana.
   


 
 

 

 SELECTED FINANCIAL AND OPERATING DATA
 
                     
 SELECTED FINANCIAL DATA
 
 
 
 
 
 
   
  (In millions, except percentages, per share amounts, and ratios)
 2012
 2011
 2010
 2009
 2008
 GAAP MEASURES
 
 
 
           
 Operating Revenues
       
 $10,302
 $11,229
 $11,488
 $10,746
 $13,094
 As-Reported Net Income
       
 $  847
 $  1,346
 $  1,250
 $  1,231
 $  1,221
 As-Reported Earnings Per Share
     
 $    4.76
 $    7.55
 $    6.66
 $    6.30
 $    6.20
 Shares of Common Stock Outstanding:
             
     End of Year
         
       177.8
       176.4
       178.7
       189.1
       189.4
     Weighted Average – Diluted
     
       177.7
       178.4
       187.8
       195.8
       201.0
 Return on Average Invested Capital – As-Reported
 
5.5%
8.0%
7.8%
7.7%
8.1%
 Return on Average Common Equity – As-Reported
 
9.3%
15.4%
14.6%
14.9%
15.4%
 Net Cash Flow Provided by Operating Activities
   
 $  2,940
 $  3,129
 $  3,926
 $  2,933
 $  3,324
 Year-End Closing Market Price Per Share of Common Stock
 
 $  63.75
 $  73.05
 $  70.83
 $  81.84
 $  83.13
 Book Value Per Share at End of Year
     
 $  51.72
 $  50.81
 $  47.53
 $  45.54
 $  42.07
 Market Value of Equity at End of Year
   
 $11,335
 $12,883
 $12,661
 $15,477
 $15,741
 Price to Earnings Ratio – As-Reported
   
       13.39
       9.68
       10.64
       12.99
       13.41
 Common Dividend Paid Per Share
     
 $    3.32
 $    3.32
 $    3.24
 $    3.00
 $    3.00
 Common Dividend Payout Ratio – As-Reported
   
70%
44%
49%
48%
48%
 NON-GAAP MEASURES
                 
 Operational Earnings
       
 $  1,109
 $  1,359
 $  1,332
 $  1,302
 $  1,276
 Operational Earnings Per Share
     
 $    6.23
 $    7.62
 $    7.10
 $    6.67
 $    6.51
 Special Items Per Share
       
 $   (1.47)
 $   (0.07)
 $   (0.44)
 $   (0.37)
 $   (0.31)
 Return on Average Invested Capital – Operational
 
6.6%
8.0%
8.2%
8.1%
8.4%
 Return on Average Common Equity – Operational
   
12.2%
15.6%
15.6%
15.7%
16.1%
 Price to Earnings Ratio – Operational
     
       10.23
       9.59
       9.98
       12.27
       12.77
 Common Dividend Payout Ratio – Operational
   
53%
44%
46%
45%
46%
                 
 
 
                     
                     
 UTILITY ELECTRIC OPERATING DATA
 
 
 
     
 
 
 
         
 2012
 2011
 2010
 2009
 2008
 Retail Kilowatt-Hour Sales (millions)
   
       107,004
       108,688
       107,510
       99,148
       100,609
 Peak Demand (megawatts)
     
       21,866
       22,387
       21,799
       21,009
       21,241
 Retail Customers – Year End (thousands)
   
       2,778
       2,757
       2,743
       2,719
       2,689
     
 
 
         
 
                     
                     
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
 
 
     
 
 
 
         
 2012
 2011
 2010
 2009
 2008
 Operating Revenues (millions)(a)
     
 $2,326
 $2,414
 $2,566
 $2,711
 $2,794
 Billed Electric Energy Sales  (gigawatt hours)
   
       46,178
       43,497
       42,934
       43,743
       44,875
 (a) Includes revenue associated with below-market PPA for Palisades of $16,724,963 for 2012, $42,996,197 for 2011, $46,296,187 for 2010, $52,520,249 for 2009, and $76,223,175 for 2008.
                     
                     
 EMPLOYEES
   
 
 
       
 
 
 
         
 2012
 2011
 2010
 2009
 2008
 Total Employees – Year End
     
       14,625
       14,682
       14,958
       15,181
       14,669
     
 
 
 
 
 
 
 
 
 
   
 
 
 
 
 
 
 
 
 OWNED AND LEASED CAPABILITY (MW)(a)
 
 
 
 
 
 
 
 As of December 31, 2012
                 
   
 Entergy
               
 
 Entergy
 Gulf States
 Entergy
 Entergy
 Entergy
 Entergy
 System
Entergy Wholesale
 
 
 Arkansas
 Louisiana
Louisiana
 Mississippi
 New Orleans
 Texas
Energy(e)
Commodities(c)(d)
 Total
 
 Gas/Oil
2,163
       1,941
       4,832
       3,082
       705
       2,269
                     -
       1,340
       16,332
 
 Coal
       1,209
       359
                     -
       420
                        -
       266
                     -
       181
       2,435
 
    Total Fossil
       3,372
       2,300
       4,832
       3,502
       705
       2,535
                     -
       1,521
       18,767
 
 Nuclear
       1,828
       975
             1,159
                     -
                        -
                     -
       1,287
       5,011
       10,260
 
 Other(b)
       74
                     -
                     -
                     -
                        -
                     -
                     -
       80
       154
 
    Total
       5,274
       3,275
       5,991
       3,502
       705
       2,535
       1,287
       6,612
       29,181
 
 (a)  Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments)
         that each station was designed to utilize.
 (b)  Other includes Hydro (EAI) and Wind (EWC).
 (c)  Reflects Net MW in Operation. Net MW in Operation is the installed capacity owned and operated. Excludes management services contract for Cooper Nuclear Station.
 (d)  Reflects nameplate rating of generating unit and excludes capacity under contract.
 (e)  Reflects estimate of the rerate for recovered performance (~ 55 MW) and uprate (~ 178 MW) completed in 2012. Approved Summer 2013 rating is 1,277 MW.
                     


 
 

 

 CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
                     
 CONSOLIDATED QUARTERLY FINANCIAL METRICS
   
 
 
 
 
     
                       
 
2012
2011
 YTD %
 
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
 CHANGE
 GAAP MEASURES
                   
 
 As-Reported Net Income ($ millions)
       (151.7)
     365.0
     337.1
     296.3
     846.7
     248.7
     315.6
     628.1
     154.1
     1,346.4
         (37.1)
 Return on Average Invested Capital –
                   
         As-Reported (%)(a)
     6.0
     6.2
     4.8
     5.5
     5.5
     7.7
     7.7
     8.2
     8.0
     8.0
         (31.3)
 Return on Average Common Equity –
                   
         As-Reported (%)(a)
     10.8
     11.3
     7.8
     9.3
     9.3
     14.8
     14.8
     16.1
     15.4
     15.4
         (39.6)
     Cash Flow Interest Coverage (# times)(a)
     7.5
     7.2
     6.8
     6.1
     6.1
     7.8
     7.6
     6.6
     7.1
     7.1
         (14.1)
 Revolver Capacity ($ millions)
     2,825
     2,762
     2,917
     3,462
     3,462
     2,258
     1,993
     2,116
     2,001
     2,001
     73.0
 Total Debt ($ millions)
     12,619
     12,533
     12,931
     13,473
     13,473
     12,018
     12,360
     12,452
     12,387
     12,387
     8.8
 Debt to Capital Ratio (%)
     57.9
     57.4
     57.7
     58.7
     58.7
     57.6
     58.1
     57.3
     57.3
     57.3
             2.4
 Off-Balance Sheet Liabilities ($ millions)
     601
     600
     599
     595
     595
     650
     647
     645
     604
     604
           (1.5)
                       
NON-GAAP MEASURES
                     
 Operational Earnings ($ millions)
     79.0
     374.6
     347.8
     307.1
     1,108.5
     248.7
     315.6
     628.1
     167.2
     1,359.5
         (18.5)
 Return on Average Invested Capital –
                   
         Operational (%)(a)
     7.2
     7.4
     6.0
     6.6
     6.6
     7.9
     7.9
     8.2
     8.0
     8.0
         (17.5)
 Return on Average Common Equity –
                   
         Operational (%)(a)
     13.6
     14.2
     10.7
     12.2
     12.2
     15.3
     15.2
     16.1
     15.6
     15.6
         (21.8)
 Total Gross Liquidity ($ millions)
     3,510
     3,045
     3,667
     3,995
     3,995
     2,984
     2,523
     3,103
     2,695
     2,695
     48.2
 Debt to Capital Ratio,
     Excluding Securitization Debt (%)
     55.7
     55.3
     55.7
     56.9
     56.9
     55.7
     56.3
     55.1
     55.0
     55.0
     3.5
 Net Debt to Net Capital Ratio,
     Excluding Securitization Debt (%)
     54.2
     54.7
     54.1
     55.8
     55.8
     54.0
     55.1
     52.8
     53.5
     53.5
     4.3
 Net Debt to Net Capital Ratio Including
                   
      Off-Balance Sheet Liabilities,
      Excluding Securitization Debt (%)
     55.5
     56.0
     55.4
     57.0
     57.0
     55.5
     56.5
     54.3
     54.8
     54.8
     4.0
(a) Rolling twelve months. Totals may not foot due to rounding.
 
 
 
 
 
 
 
 
           
 
 
 
 
 
 
                       
CONSOLIDATED ANNUAL FINANCIAL METRICS
                 
                       
     
 2012
 
 2011
 
 2010
 
 2009
 
 2008
 GAAP MEASURES
 
 
                 
 As-Reported Net Income ($ millions)
 
     847
 
     1,346
 
     1,250
 
     1,231
 
     1,221
 Return on Average Invested Capital – As-Reported (%)
     5.5
 
     8.0
 
     7.8
 
     7.7
 
     8.1
 Return on Average Common Equity – As-Reported (%)
     9.3
 
     15.4
 
     14.6
 
     14.9
 
     15.4
 Cash Flow Interest Coverage (# times)
 
     6.1
 
     7.1
 
     7.8
 
     6.1
 
     6.5
 Revolver Capacity ($ millions)
   
     3,462
 
     2,001
 
     2,354
 
     1,464
 
     645
 Total Debt ($ millions)
   
     13,473
 
     12,387
 
     11,816
 
     12,014
 
     12,279
 Debt to Capital Ratio (%)
   
     58.7
 
     57.3
 
     57.3
 
     57.4
 
     59.7
 Off-Balance Sheet Liabilities ($ millions)
                   
    Debt of Joint Ventures – Entergy’s Share
 
     90
 
     96
 
     107
 
     116
 
     125
    Leases – Entergy’s Share
   
     505
 
     508
 
     546
 
     530
 
     449
       Total
   
     595
 
     604
 
     653
 
     646
 
     574
                       
 NON-GAAP MEASURES
                     
 Operational Earnings ($ millions)
   
     1,109
 
     1,359
 
     1,332
 
     1,302
 
     1,276
 Return on Average Invested Capital – Operational (%)
     6.6
 
     8.0
 
     8.2
 
     8.1
 
     8.4
 Return on Average Common Equity – Operational (%)
     12.2
 
     15.6
 
     15.6
 
     15.7
 
     16.1
 Total Gross Liquidity ($ millions)
   
     3,995
 
     2,695
 
     3,648
 
     3,174
 
     2,565
 Debt to Capital Ratio,
     Excluding Securitization Debt (%)
     56.9
 
     55.0
 
     55.3
 
     55.6
 
     59.1
 Net Debt to Net Capital Ratio, Excluding Securitization Debt (%)
     55.8
 
     53.5
 
     52.1
 
     51.5
 
     54.8
 Net Debt to Net Capital Ratio Including Off-Balance Sheet
               
      Liabilities, Excluding Securitization Debt (%)
     57.0
 
     54.8
 
     53.8
 
     53.1
 
     56.2
 Totals may not foot due to rounding.
     
 
           
                       
 

 
 

 
 

 FINANCIAL RESULTS
                       
 ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
     
                       
 
2012
2011
 YTD
 ($/share)
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
 CHANGE
 AS-REPORTED
 
 
 
 
 
 
 
 
 
 
 
 Utility
     0.35
     1.72
     1.66
     1.57
     5.30
     0.91
     1.39
     2.95
     0.96
     6.20
       (0.90)
 Entergy Wholesale Commodities
       (0.99)
         0.40
         0.49
         0.33
     0.23
         0.63
         0.55
         0.68
         0.88
     2.74
       (2.51)
 Parent & Other
       (0.22)
       (0.06)
       (0.26)
       (0.24)
       (0.77)
       (0.16)
       (0.18)
       (0.10)
       (0.97)
       (1.39)
     0.62
 CONSOLIDATED AS-REPORTED EARNINGS
       (0.86)
     2.06
     1.89
     1.66
     4.76
     1.38
     1.76
     3.53
     0.87
     7.55
       (2.79)
 LESS SPECIAL ITEMS
 
 
 
 
 
 
 
 
 
 
 
 Utility
       (0.03)
       (0.05)
       (0.06)
       (0.06)
       (0.21)
            -
            -
            -
            -
            -
       (0.21)
 Entergy Wholesale Commodities
       (1.26)
            -
            -
            -
       (1.26)
            -
            -
            -
            -
            -
       (1.26)
 Parent & Other
       (0.01)
            -
            -
            -
            -
            -
            -
            -
       (0.07)
       (0.07)
         0.07
 TOTAL SPECIAL ITEMS
       (1.30)
       (0.05)
       (0.06)
       (0.06)
       (1.47)
            -
            -
            -
       (0.07)
       (0.07)
       (1.40)
 OPERATIONAL
 
 
 
 
 
 
 
 
 
 
 
 Utility
     0.38
     1.77
     1.72
     1.63
     5.51
     0.91
     1.39
     2.95
     0.96
     6.20
       (0.69)
 Entergy Wholesale Commodities
     0.27
     0.40
     0.49
     0.33
     1.49
     0.63
     0.55
     0.68
     0.88
     2.74
       (1.25)
 Parent & Other
       (0.21)
       (0.06)
       (0.26)
       (0.24)
       (0.77)
       (0.16)
       (0.18)
       (0.10)
       (0.90)
       (1.32)
     0.55
 CONSOLIDATED OPERATIONAL EARNINGS
     0.44
     2.11
     1.95
     1.72
     6.23
     1.38
     1.76
     3.53
     0.94
     7.62
       (1.39)
                       
 Weather Impact  
       (0.18)
     0.08
     0.08
       (0.07)
       (0.09)
     0.10
     0.18
     0.29
       (0.05)
     0.52
       (0.61)
                       
 SHARES OF COMMON STOCK
   
 
 
 
   
 
 
 
 
 OUTSTANDING (in millions)
                     
    End of Period
     177.2
     177.2
     177.7
     177.8
     177.8
     178.3
     176.8
     176.1
     176.4
     176.4
     1.4
    Weighted Average - Diluted
     177.4
     177.6
     178.0
     178.0
     177.7
     180.1
     178.9
     177.7
     177.1
     178.4
         (0.7)
 Certain prior year data has been reclassified to conform with current year presentation.
         
 Totals may not foot due to rounding.
                     


 
 

 
 

 FINANCIAL RESULTS
                       
 ENTERGY CORPORATION CONSOLIDATED QUARTERLY SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)
   
                       
 
2012
2011
 YTD
 ($/share)
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
 CHANGE
 UTILITY
 
 
 
 
 
 
 
 
 
 
 
 SPECIAL ITEMS
                     
    Transmission business spin-merge expenses
      (0.03)
      (0.05)
      (0.06)
      (0.06)
      (0.21)
              -
              -
              -
              -
              -
      (0.21)
 Total
      (0.03)
      (0.05)
      (0.06)
      (0.06)
      (0.21)
              -
              -
              -
              -
              -
      (0.21)
 ENTERGY WHOLESALE COMMODITIES
 
 
 
 
 
 
 
 
 
 
 
 SPECIAL ITEMS
 
 
 
 
 
 
 
 
 
 
 
    Vermont Yankee asset impairment
      (1.26)
              -
              -
              -
      (1.26)
              -
              -
              -
              -
              -
      (1.26)
 Total
      (1.26)
              -
              -
              -
      (1.26)
              -
              -
              -
              -
              -
      (1.26)
 PARENT & OTHER
 
 
 
 
 
 
 
 
 
 
 
 SPECIAL ITEMS
                     
    Transmission business spin-merge expenses
      (0.01)
              -
              -
              -
              -
              -
              -
              -
      (0.07)
      (0.07)
        0.07
 Total
      (0.01)
              -
              -
              -
              -
              -
              -
              -
      (0.07)
      (0.07)
        0.07
 TOTAL SPECIAL ITEMS
      (1.30)
      (0.05)
      (0.06)
      (0.06)
      (1.47)
              -
              -
              -
      (0.07)
      (0.07)
      (1.40)
                       
 
2012
2011
 YTD
 ($ millions)
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
 CHANGE
 UTILITY
 
 
 
 
 
 
 
 
 
 
 
 SPECIAL ITEMS
                     
    Transmission business spin-merge expenses
        (5.8)
        (9.9)
      (10.7)
      (10.7)
      (37.1)
              -
              -
              -
              -
              -
      (37.1)
 Total
        (5.8)
        (9.9)
      (10.7)
      (10.7)
      (37.1)
              -
              -
              -
              -
              -
      (37.1)
 ENTERGY WHOLESALE COMMODITIES
 
 
 
 
 
 
 
 
 
 
 
 SPECIAL ITEMS
 
 
 
 
 
 
 
 
 
 
 
    Vermont Yankee asset impairment
    (223.5)
              -
              -
              -
    (223.5)
              -
              -
              -
              -
              -
    (223.5)
 Total
    (223.5)
              -
              -
              -
    (223.5)
              -
              -
              -
              -
              -
    (223.5)
 PARENT & OTHER
 
 
 
 
 
 
 
 
 
 
 
 SPECIAL ITEMS
                     
    Transmission business spin-merge expenses
        (1.4)
          0.3
              -
              -
        (1.0)
              -
              -
              -
      (13.0)
      (13.0)
        12.0
 Total
        (1.4)
          0.3
              -
              -
        (1.0)
              -
              -
              -
      (13.0)
      (13.0)
        12.0
 TOTAL SPECIAL ITEMS
    (230.7)
        (9.6)
      (10.7)
      (10.7)
    (261.6)
              -
              -
              -
      (13.0)
      (13.0)
    (248.6)
 Totals may not foot due to rounding.
                     
                       
                       
                       


 
 

 
 

 FINANCIAL RESULTS
                               
ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
             
                               
 ($/share)
 
2012
   
2011
   
2010
   
2009
   
2008
 
 AS-REPORTED
                             
 Utility
    5.30       6.20       4.33       3.53       2.92  
 Entergy Wholesale Commodities
    0.23       2.74       2.38       3.10       3.91  
 Parent & Other
    (0.77 )     (1.39 )     (0.05 )     (0.33 )     (0.63 )
 CONSOLIDATED AS-REPORTED EARNINGS
    4.76       7.55       6.66       6.30       6.20  
 LESS SPECIAL ITEMS
                                       
 Utility
    (0.21 )     -       -       -       (0.08 )
 Entergy Wholesale Commodities
    (1.26 )     -       (0.54 )     (0.23 )     (0.10 )
 Parent & Other
    -       (0.07 )     0.10       (0.14 )     (0.13 )
 TOTAL SPECIAL ITEMS
    (1.47 )     (0.07 )     (0.44 )     (0.37 )     (0.31 )
 OPERATIONAL
                                       
 Utility
    5.51       6.20       4.33       3.53       3.00  
 Entergy Wholesale Commodities
    1.49       2.74       2.92       3.33       4.01  
 Parent & Other
    (0.77 )     (1.32 )     (0.15 )     (0.19 )     (0.50 )
 CONSOLIDATED OPERATIONAL EARNINGS
    6.23       7.62       7.10       6.67       6.51  
 Weather Impact
    (0.09 )     0.52       0.62       (0.01 )     (0.02 )
                                         
                                         
                                         
                                         


 
 

 
 

 FINANCIAL RESULTS
         
           
 ENTERGY CORPORATION CONSOLIDATED ANNUAL SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)
 
           
 ($/share)
 2012
 2011
 2010
 2009
 2008
 UTILITY SPECIAL ITEMS
         
   Transmission business spin-merge expenses
             (0.21)
                    -
                    -
                    -
                    -
   Dilution effect – unsuccessful remarketing
                    -
                    -
                    -
                    -
(0.08)
 Total
             (0.21)
                    -
                    -
                    -
(0.08)
 ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
         
   Vermont Yankee asset impairment
             (1.26)
                    -
                    -
                    -
                    -
   Non-utility nuclear spin-off expenses
                    -
                    -
(0.54)
(0.23)
                    -
   Dilution effect – unsuccessful remarketing
                    -
                    -
                    -
                    -
(0.10)
 Total
             (1.26)
                    -
(0.54)
(0.23)
(0.10)
 PARENT & OTHER SPECIAL ITEMS
         
   Transmission business spin-merge expenses
                    -
             (0.07)
                    -
                    -
                    -
   Non-utility nuclear spin-off expenses
                    -
                    -
0.10
(0.14)
(0.28)
   Dilution effect – unsuccessful remarketing
                    -
                    -
                    -
                    -
0.15
 Total
                    -
             (0.07)
0.10
(0.14)
(0.13)
 TOTAL SPECIAL ITEMS
(1.47)
(0.07)
(0.44)
(0.37)
(0.31)
           
 ($ millions)
 2012
 2011
2010
2009
2008
 UTILITY SPECIAL ITEMS
         
   Transmission business spin-merge expenses
             (37.1)
                    -
                    -
                    -
                    -
 Total
             (37.1)
                    -
                    -
                    -
                    -
 ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
         
   Vermont Yankee asset impairment
           (223.5)
                    -
                    -
                    -
                    -
   Non-utility nuclear spin-off expenses
                    -
                    -
           (100.7)
             (44.0)
                    -
 Total
           (223.5)
                    -
           (100.7)
             (44.0)
                    -
 PARENT & OTHER SPECIAL ITEMS
         
   Transmission business spin-merge expenses
               (1.0)
             (13.0)
                    -
                    -
                    -
   Non-utility nuclear spin-off expenses
                    -
                    -
               18.5
             (27.0)
             (55.4)
 Total
               (1.0)
             (13.0)
               18.5
             (27.0)
             (55.4)
 TOTAL SPECIAL ITEMS
           (261.6)
             (13.0)
             (82.2)
             (71.0)
             (55.4)
           
           
           


 
 

 
 

 FINANCIAL RESULTS
   
 DESCRIPTION OF ENTERGY CORPORATION CONSOLIDATED SPECIAL ITEMS
   
 
  MAIN EARNINGS CATEGORY
 UTILITY SPECIAL ITEMS
 
Transmission business spin-merge expenses
 Operating expenses: Other operation and maintenance
Dilution effect – unsuccessful remarketing(a)
 Diluted earnings per share
 ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
 
Vermont Yankee asset impairment
 Operating expenses: Other operation and maintenance
    Non-utility nuclear spin-off expenses
 Operating expenses: Other operation and maintenance
 Operating expenses: Taxes other than income taxes
 Operating expenses: Depreciation
 Interest and Other Charges: Other interest
 
   
Dilution effect – unsuccessful remarketing(a)
 Diluted earnings per share
 PARENT & OTHER SPECIAL ITEMS
 
Transmission business spin-merge expenses
 Operating expenses: Other operation and maintenance
 Income taxes
Non-utility nuclear spin-off expenses
 Operating expenses: Other operation and maintenance
 Income taxes
Dilution effect – unsuccessful remarketing(a)
 Diluted earnings per share
   
(a) Entergy had 10,000,000 equity units outstanding as of December 31, 2008, that obligated the holders to purchase a certain number of shares of
      Entergy common stock for a stated price no later than February 17, 2009. Under the terms of the purchase contracts, Entergy attempted to
      remarket the notes payable associated with the equity units in February 2009 but was unsuccessful, the note holders put the notes to Entergy,
      Entergy retired the notes, and Entergy issued 6,598,000 shares of common stock in the settlement of the purchase contracts.
 
 
   
   


 
 

 

FINANCIAL RESULTS
 
                               
 CONSOLIDATED STATEMENTS OF INCOME (unaudited)
                             
                               
 In thousands, except share data, for the years ended December 31,  
 
2012
   
2011
   
2010
   
2009
   
2008
 
 OPERATING REVENUES:
                             
 Electric
  $ 7,870,649     $ 8,673,517     $ 8,740,637     $ 7,880,016     $ 10,073,160  
 Natural gas
    130,836       165,819       197,658       172,213       241,856  
 Competitive businesses
    2,300,594       2,389,737       2,549,282       2,693,421       2,778,740  
 Total
    10,302,079       11,229,073       11,487,577       10,745,650       13,093,756  
 OPERATING EXPENSES:
                                       
 Operating and maintenance:
                                       
   Fuel, fuel-related expenses, and gas purchased for resale
    2,036,835       2,492,714       2,518,582       2,309,831       3,577,764  
   Purchased power
    1,255,800       1,564,967       1,659,416       1,395,203       2,491,200  
   Nuclear refueling outage expenses
    245,600       255,618       256,123       241,310       221,759  
   Asset impairment
    355,524       -       -       -       -  
   Other operation and maintenance
    3,045,392       2,867,758       2,969,402       2,750,810       2,742,762  
 Decommissioning
    184,760       190,595       211,736       199,063       189,409  
 Taxes other than income taxes
    557,298       536,026       534,299       503,859       496,952  
 Depreciation and amortization
    1,144,585       1,102,202       1,069,894       1,082,775       1,030,860  
 Other regulatory charges (credits) – net
    175,104       205,959       44,921       (21,727 )     59,883  
      Total
    9,000,898       9,215,839       9,264,373       8,461,124       10,810,589  
 Gain on sale of business
    -       -       44,173       -       -  
 OPERATING INCOME
    1,301,181       2,013,234       2,267,377       2,284,526       2,283,167  
 OTHER INCOME:
                                       
 Allowance for equity funds used during construction
    92,759       84,305       59,381       59,545       44,523  
 Interest and investment income
    127,776       128,994       184,077       236,628       197,872  
 Other than temporary impairment losses
    -       -       -       (86,069 )     (49,656 )
 Miscellaneous – net
    (53,214 )     (59,271 )     (48,124 )     (40,396 )     (23,452 )
      Total
    167,321       154,028       195,334       169,708       169,287  
 INTEREST EXPENSE:
                                       
 Interest expense
    606,596       551,521       610,146       603,679       634,188  
 Allowance for borrowed funds used during construction
    (37,312 )     (37,894 )     (34,979 )     (33,235 )     (25,267 )
       Total
    569,284       513,627       575,167       570,444       608,921  
 INCOME BEFORE INCOME TAXES
    899,218       1,653,635       1,887,544       1,883,790       1,843,533  
 Income taxes
    30,855       286,263       617,239       632,740       602,998  
 CONSOLIDATED NET INCOME
    868,363       1,367,372       1,270,305       1,251,050       1,240,535  
 Preferred dividend requirements of subsidiaries
    21,690       20,933       20,063       19,958       19,969  
 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
  $ 846,673     $ 1,346,439     $ 1,250,242     $ 1,231,092     $ 1,220,566  
 Basic earnings per average common share
  $ 4.77     $ 7.59     $ 6.72     $ 6.39     $ 6.39  
 Diluted earnings per average common share
  $ 4.76     $ 7.55     $ 6.66     $ 6.30     $ 6.20  
 Dividends declared per common share
  $ 3.32     $ 3.32     $ 3.24     $ 3.00     $ 3.00  
 Average number of common shares outstanding:
                                       
   Basic
    177,324,813       177,430,208       186,010,452       192,772,032       190,925,613  
   Diluted
    177,737,565       178,370,695       187,814,235       195,838,068       201,011,588  
Certain prior year data has been reclassified to conform with current year presentation.
                         
                                         
                                         


 
 

 

 FINANCIAL RESULTS
                       
                         
 2012 CONSOLIDATING INCOME STATEMENT (unaudited)
                       
                         
         
ENTERGY
             
         
WHOLESALE
             
 In thousands, except share data, for the year ended December 31, 2012.
 
UTILITY
   
COMMODITIES
   
PARENT & OTHER
   
CONSOLIDATED
 
 OPERATING REVENUES:
 
 
   
 
   
 
   
 
 
 Electric
  $ 7,874,255     $ -     $ (3,606 )   $ 7,870,649  
 Natural gas
    130,836       -       -       130,836  
 Competitive businesses
    -       2,326,309       (25,715 )     2,300,594  
      Total
    8,005,091       2,326,309       (29,321 )     10,302,079  
 OPERATING EXPENSES:
                               
 Operating and maintenance:
                               
    Fuel, fuel-related expenses, and gas purchased for resale
    1,676,019       362,406       (1,590 )     2,036,835  
    Purchased power
    1,185,404       110,328       (39,932 )     1,255,800  
    Nuclear refueling outage expenses
    110,837       134,763       -       245,600  
    Asset impairment
    -       355,524       -       355,524  
    Other operation and maintenance
    2,079,520       957,839       8,033       3,045,392  
 Decommissioning
    112,664       72,096       -       184,760  
 Taxes other than income taxes
    432,422       123,640       1,236       557,298  
 Depreciation and amortization
    964,181       176,047       4,357       1,144,585  
 Other regulatory charges (credits) - net
    175,104       -       -       175,104  
      Total
    6,736,151       2,292,643       (27,896 )     9,000,898  
 OPERATING INCOME
    1,268,940       33,666       (1,425 )     1,301,181  
 OTHER INCOME (DEDUCTIONS):
                               
 Allowance for equity funds used during construction
    92,759       -       -       92,759  
 Interest and investment income
    150,292       105,062       (127,578 )     127,776  
 Miscellaneous – net
    (25,844 )     (19,071 )     (8,299 )     (53,214 )
      Total
    217,207       85,991       (135,877 )     167,321  
 INTEREST EXPENSE:
                               
 Interest expense
    513,797       17,900       74,899       606,596  
 Allowance for borrowed funds used during construction
    (37,312 )     -       -       (37,312 )
      Total
    476,485       17,900       74,899       569,284  
 INCOME BEFORE INCOME TAXES
    1,009,662       101,757       (212,201 )     899,218  
 Income taxes
    49,340       61,330       (79,815 )     30,855  
 CONSOLIDATED NET INCOME
    960,322       40,427       (132,386 )     868,363  
 Preferred dividend requirements of subsidiaries
    17,329       -       4,361       21,690  
 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
  $ 942,993     $ 40,427     $ (136,747 )   $ 846,673  
 Earnings Per Average Common Share:
                               
   Basic
  $ 5.31     $ 0.23     $ (0.77 )   $ 4.77  
   Diluted
  $ 5.30     $ 0.23     $ (0.77 )   $ 4.76  
 Totals may not foot due to rounding.
                               
                                 
                                 


 
 

 

 FINANCIAL RESULTS
 
                               
 CONSOLIDATED BALANCE SHEETS (unaudited)
                             
                               
 In thousands, as of December 31,
 
2012
   
2011
   
2010
   
2009
   
2008
 
 ASSETS
                             
 CURRENT ASSETS:
                             
 Cash and cash equivalents:
                             
   Cash
  $ 112,992     $ 81,468     $ 76,290     $ 85,861     $ 115,876  
   Temporary cash investments
    419,577       612,970       1,218,182       1,623,690       1,804,615  
      Total cash and cash equivalents
    532,569       694,438       1,294,472       1,709,551       1,920,491  
 Securitization recovery trust account
    46,040       50,304       43,044       13,098       12,062  
 Accounts receivable:
                                       
   Customer
    568,871       568,558       602,796       553,692       734,204  
   Allowance for doubtful accounts
    (31,956 )     (31,159 )     (31,777 )     (27,631 )     (25,610 )
   Other
    161,408       166,186       161,662       152,303       206,627  
   Accrued unbilled revenues
    303,392       298,283       302,901       302,463       282,914  
      Total accounts receivable
    1,001,715       1,001,868       1,035,582       980,827       1,198,135  
 Deferred fuel costs
    150,363       209,776       64,659       126,798       167,092  
 Accumulated deferred income taxes
    306,902       9,856       8,472       -       7,307  
 Fuel inventory – at average cost
    213,831       202,132       207,520       196,855       216,145  
 Materials and supplies – at average cost
    928,530       894,756       866,908       825,702       776,170  
 Deferred nuclear refueling outage costs
    243,374       231,031       218,423       225,290       221,803  
 System agreement cost equalization
    16,880       36,800       52,160       70,000       394,000  
 Prepaid taxes
    -       -       301,807       184,819       -  
 Prepayments and other
    242,922       291,742       246,036       201,221       247,184  
      Total
    3,683,126       3,622,703       4,339,083       4,534,161       5,160,389  
 OTHER PROPERTY AND INVESTMENTS:
                                       
 Investment in affiliates – at equity
    46,738       44,876       40,697       39,580       66,247  
 Decommissioning trust funds
    4,190,108       3,788,031       3,595,716       3,211,183       2,832,243  
 Non-utility property – at cost (less accumulated depreciation)
    256,039       260,436       257,847       247,664       231,115  
 Other
    436,234       416,423       405,946       120,273       107,939  
      Total
    4,929,119       4,509,766       4,300,206       3,618,700       3,237,544  
 PROPERTY, PLANT AND EQUIPMENT:
                                       
 Electric
    41,944,567       39,385,524       37,153,061       36,343,772       34,495,406  
 Property under capital lease
    935,199       809,449       800,078       783,096       745,504  
 Natural gas
    353,492       343,550       330,608       314,256       303,769  
 Construction work in progress
    1,365,699       1,779,723       1,661,560       1,547,319       1,712,761  
 Nuclear fuel under capital lease
    -       -       -       527,521       465,374  
 Nuclear fuel
    1,598,430       1,546,167       1,377,962       739,827       636,813  
      Total property, plant and equipment
    46,197,387       43,864,413       41,323,269       40,255,791       38,359,627  
 Less – accumulated depreciation and amortization
    18,898,842       18,255,128       17,474,914       16,866,389       15,930,513  
      Property, plant and equipment – net
    27,298,545       25,609,285       23,848,355       23,389,402       22,429,114  
 DEFERRED DEBITS AND OTHER ASSETS:
                                       
 Regulatory assets:
                                       
   Regulatory asset for income taxes - net
    742,030       799,006       845,725       816,856       581,719  
   Other regulatory assets (includes securitization property of
                                       
      $914,751 as of December 31, 2012, $1,009,103 as of
                                       
      December 31, 2011, $882,346 as of December 31, 2010,
                                       
      $818,047 as of December 31, 2009, and $296,083 as of
                                       
      December 31, 2008)
    5,025,912       4,636,871       3,838,237       3,647,154       3,615,104  
   Deferred fuel costs
    172,202       172,202       172,202       172,202       168,122  
 Goodwill
    377,172       377,172       377,172       377,172       377,172  
 Accumulated deferred income taxes
    37,748       19,003       54,523       -       -  
 Other
    936,648       955,691       909,773       1,006,306       1,047,654  
      Total
    7,291,712       6,959,945       6,197,632       6,019,690       5,789,771  
 TOTAL ASSETS
  $ 43,202,502     $ 40,701,699     $ 38,685,276     $ 37,561,953     $ 36,616,818  
Certain prior year data has been reclassified to conform with current year presentation.
                         
                                         


 
 

 

 FINANCIAL RESULTS
                             
                               
 CONSOLIDATED BALANCE SHEETS (unaudited)
                             
                               
 In thousands, as of December 31,
 
2012
   
2011
   
2010
   
2009
   
2008
 
 LIABILITIES AND EQUITY
                             
 CURRENT LIABILITIES:
                             
 Currently maturing long-term debt
  $ 718,516     $ 2,192,733     $ 299,548     $ 711,957     $ 544,460  
 Notes payable and commercial paper
    796,002       108,331       154,135       30,031       55,034  
 Accounts payable
    1,217,180       1,069,096       1,181,099       998,228       1,475,745  
 Customer deposits
    359,078       351,741       335,058       323,342       302,303  
 Taxes accrued
    333,719       278,235       -       -       75,210  
 Accumulated deferred income taxes
    13,109       99,929       49,307       48,584       -  
 Interest accrued
    184,664       183,512       217,685       192,283       187,310  
 Deferred fuel costs
    96,439       255,839       166,409       219,639       183,539  
 Obligations under capital leases
    3,880       3,631       3,388       212,496       162,393  
 Pension and other postretirement liabilities
    95,900       44,031       39,862       55,031       46,288  
 System agreement cost equalization
    25,848       80,090       52,160       187,204       460,315  
 Other
    261,986       283,531       277,598       215,202       273,297  
      Total
    4,106,321       4,950,699       2,776,249       3,193,997       3,765,894  
                                         
 NON-CURRENT LIABILITIES:
                                       
 Accumulated deferred income taxes and taxes accrued
    8,311,756       8,096,452       8,573,646       7,662,798       6,565,770  
 Accumulated deferred investment tax credits
    273,696       284,747       292,330       308,395       325,570  
 Obligations under capital leases
    34,541       38,421       42,078       354,233       343,093  
 Other regulatory liabilities
    898,614       728,193       539,026       378,862       280,643  
 Decommissioning and asset retirement cost liabilities
    3,513,634       3,296,570       3,148,479       2,939,539       2,677,495  
 Accumulated provisions
    362,226       385,512       395,250       141,315       147,452  
 Pension and other postretirement liabilities
    3,725,886       3,133,657       2,175,364       2,241,039       2,177,993  
 Long-term debt (includes securitization bonds
                                       
    of $973,480 as of December 31, 2012, $1,070,556 as of
                                       
    December 31, 2011, $931,131 as of December 31, 2010,
                                       
    $838,349 as of December 31, 2009, and $310,373 as of
                                       
    December 31, 2008)
    11,920,318       10,043,713       11,317,157       10,705,738       11,174,289  
 Other
    577,910       501,954       618,559       711,334       880,998  
      Total
    29,618,581       26,509,219       27,101,889       25,443,253       24,573,303  
                                         
 Commitments and Contingencies
                                       
                                         
                                         
 Subsidiaries preferred stock without sinking fund
    186,511       186,511       216,738       217,343       217,029  
                                         
                                         
 EQUITY:
                                       
 Common shareholders' equity:
                                       
 Common stock, $.01 par value, authorized 500,000,000
                                       
   shares; issued 254,752,788 shares in 2012, 2011, 2010,
                                       
   and 2009, 248,174,087 shares in 2008
    2,548       2,548       2,548       2,548       2,482  
 Paid-in capital
    5,357,852       5,360,682       5,367,474       5,370,042       4,869,303  
 Retained earnings
    9,704,591       9,446,960       8,689,401       8,043,122       7,382,719  
 Accumulated other comprehensive income (loss)
    (293,083 )     (168,452 )     (38,212 )     (75,185 )     (112,698 )
 Less – treasury stock, at cost (76,945,239 shares in 2012;
                                       
   78,396,988 shares in 2011; 76,006,920 shares in 2010;
                                       
   65,634,580 shares in 2009; 58,815,518 shares in 2008)
    5,574,819       5,680,468       5,524,811       4,727,167       4,175,214  
      Total common shareholders' equity
    9,197,089       8,961,270       8,496,400       8,613,360       7,966,592  
 Subsidiaries preferred stock without sinking fund
    94,000       94,000       94,000       94,000       94,000  
      Total
    9,291,089       9,055,270       8,590,400       8,707,360       8,060,592  
                                         
 TOTAL LIABILITIES AND EQUITY
  $ 43,202,502     $ 40,701,699     $ 38,685,276     $ 37,561,953     $ 36,616,818  
Certain prior year data has been reclassified to conform with current year presentation.
                         
                                         
                                         


 
 

 

 FINANCIAL RESULTS
                       
                         
 2012 CONSOLIDATING BALANCE SHEET (unaudited)
                       
         
ENTERGY
             
         
WHOLESALE
             
 In thousands, as of December 31, 2012.
 
UTILITY
   
COMMODITIES
   
PARENT & OTHER
   
CONSOLIDATED
 
 ASSETS
 
 
   
 
   
 
   
 
 
 CURRENT ASSETS:
 
 
   
 
   
 
   
 
 
 Cash and cash equivalents:
                       
   Cash
  $ 104,378     $ 8,224     $ 390     $ 112,992  
   Temporary cash investments
    275,755       132,697       11,125       419,577  
      Total cash and cash equivalents
    380,133       140,921       11,515       532,569  
 Securitization recovery trust account
    46,040       -       -       46,040  
 Notes receivable
    -       446,356       (446,356 )     -  
 Accounts receivable:
                               
     Customer
    374,403       194,468       -       568,871  
    Allowance for doubtful accounts
    (31,956 )     -       -       (31,956 )
    Associated companies
    28,729       5,365       (34,094 )     -  
    Other
    149,681       10,984       743       161,408  
    Accrued unbilled revenues
    303,264       128       -       303,392  
      Total accounts receivable
    824,121       210,945       (33,351 )     1,001,715  
 Deferred fuel costs
    150,363       -       -       150,363  
 Accumulated deferred income taxes
    348,881       1,272       (43,251 )     306,902  
 Fuel inventory – at average cost
    205,468       8,363       -       213,831  
 Materials and supplies – at average cost
    588,657       339,873       -       928,530  
 Deferred nuclear refueling outage costs
    123,975       119,399       -       243,374  
 System agreement cost equalization
    16,880       -       -       16,880  
 Prepaid taxes
    -       -       -       -  
 Prepayments and other
    70,777       413,333       (241,188 )     242,922  
      Total
    2,755,295       1,680,462       (752,631 )     3,683,126  
 OTHER PROPERTY AND INVESTMENTS:
                               
 Investment in affiliates – at equity
    1,097,271       46,626       (1,097,159 )     46,738  
 Decommissioning trust funds
    1,855,959       2,334,149       -       4,190,108  
 Non-utility property – at cost (less accumulated depreciation)
    174,219       70,546       11,274       256,039  
 Other
    422,139       14,095       -       436,234  
      Total
    3,549,588       2,465,416       (1,085,885 )     4,929,119  
 PROPERTY, PLANT AND EQUIPMENT:
                               
 Electric
    37,264,453       4,676,696       3,418       41,944,567  
 Property under capital lease
    935,199       -       -       935,199  
 Natural gas
    353,492       -       -       353,492  
 Construction work in progress
    973,071       391,749       879       1,365,699  
 Nuclear fuel
    907,293       691,137       -       1,598,430  
     Total property, plant and equipment
    40,433,508       5,759,582       4,297       46,197,387  
 Less – accumulated depreciation and amortization
    17,840,387       1,058,069       386       18,898,842  
      Property, plant and equipment – net
    22,593,121       4,701,513       3,911       27,298,545  
 DEFERRED DEBITS AND OTHER ASSETS:
                               
 Regulatory assets:
                               
   Regulatory asset for income taxes - net
    742,030       -       -       742,030  
   Other regulatory assets (includes securitization property of
                               
      $914,751 as of December 31, 2012)
    5,025,912       -       -       5,025,912  
   Deferred fuel costs
    172,202       -       -       172,202  
 Goodwill
    374,099       3,073       -       377,172  
 Accumulated deferred income taxes
    10,461       20,749       6,538       37,748  
 Other
    215,422       752,132       (30,906 )     936,648  
      Total
    6,540,126       775,954       (24,368 )     7,291,712  
 TOTAL ASSETS
  $ 35,438,130     $ 9,623,345     $ (1,858,973 )   $ 43,202,502  
 Totals may not foot due to rounding.
                               
                                 
                                 


 
 

 

 FINANCIAL RESULTS
                       
                         
 2012 CONSOLIDATING BALANCE SHEET (unaudited)
                       
         
ENTERGY
             
         
WHOLESALE
             
 In thousands, as of December 31, 2012.
 
UTILITY
   
COMMODITIES
   
PARENT & OTHER
   
CONSOLIDATED
 
 LIABILITIES AND EQUITY
 
 
   
 
   
 
   
 
 
 CURRENT LIABILITIES:
                       
 Currently maturing long-term debt
  $ 701,090     $ 17,426     $ -     $ 718,516  
 Notes payable and commercial paper:
                               
    Associated companies
    28,000       1,437       (29,437 )     -  
    Other
    131,399       -       664,603       796,002  
 Accounts payable:
                               
    Associated companies
    15,798       11,010       (26,808 )     -  
    Other
    957,193       259,462       525       1,217,180  
 Customer deposits
    359,078       -       -       359,078  
 Taxes accrued
    664,891       -       (331,172 )     333,719  
 Accumulated deferred income taxes
    7,955       40,431       (35,277 )     13,109  
 Interest accrued
    160,151       321       24,192       184,664  
 Deferred fuel costs
    96,439       -       -       96,439  
 Obligations under capital leases
    3,880       -       -       3,880  
 Pension and other postretirement liabilities
    89,400       6,500       -       95,900  
 System agreement cost equalization
    25,848       -       -       25,848  
 Other
    106,052       154,019       1,915       261,986  
      Total
    3,347,174       490,606       268,541       4,106,321  
                                 
 NON-CURRENT LIABILITIES:
                               
 Accumulated deferred income taxes and taxes accrued
    6,844,329       819,998       647,429       8,311,756  
 Accumulated deferred investment tax credits
    273,696       -       -       273,696  
 Obligations under capital leases
    34,541       -       -       34,541  
 Other regulatory liabilities
    898,614       -       -       898,614  
 Decommissioning and asset retirement cost liabilities
    1,970,362       1,543,272       -       3,513,634  
 Accumulated provisions
    357,801       978       3,447       362,226  
 Pension and other postretirement liabilities
    2,891,787       834,099       -       3,725,886  
 Long-term debt (includes securitization bonds
                               
   of $973,480 as of December 31, 2012)
    9,533,760       92,304       2,294,254       11,920,318  
 Other
    709,182       611,814       (743,086 )     577,910  
      Total
    23,514,072       3,902,465       2,202,044       29,618,581  
                                 
 Commitments and Contingencies
                               
                                 
 Subsidiaries preferred stock without sinking fund
    186,511       -       -       186,511  
                                 
                                 
 EQUITY:
                               
 Common shareholders' equity:
                               
 Common stock, $.01 par value, authorized 500,000,000 shares;
                               
    issued 254,752,788 shares in 2012
    2,161,268       301,097       (2,459,817 )     2,548  
 Paid-in capital
    2,417,644       1,861,355       1,078,853       5,357,852  
 Retained earnings
    4,052,441       3,145,925       2,506,225       9,704,591  
 Accumulated other comprehensive income (loss)
    (214,980 )     (78,103 )     -       (293,083 )
 Less – treasury stock, at cost (76,945,239 shares in 2012)
    120,000       -       5,454,819       5,574,819  
      Total common shareholders' equity
    8,296,373       5,230,274       (4,329,558 )     9,197,089  
 Subsidiaries preferred stock without sinking fund
    94,000       -       -       94,000  
      Total
    8,390,373       5,230,274       (4,329,558 )     9,291,089  
                                 
 TOTAL LIABILITIES AND EQUITY
  $ 35,438,130     $ 9,623,345     $ (1,858,973 )   $ 43,202,502  
 Totals may not foot due to rounding.
                               
                                 
                                 
                                 


 
 

 

 FINANCIAL RESULTS
                             
                               
 CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
                             
                               
 In thousands, for the years ended December 31,
 
2012
   
2011
   
2010
   
2009
   
2008
 
 OPERATING ACTIVITIES:
                             
 Consolidated net income
  $ 868,363     $ 1,367,372     $ 1,270,305     $ 1,251,050     $ 1,240,535  
 Adjustments to reconcile consolidated net income
                                       
   to net cash flow provided by operating activities:
                                       
 Depreciation, amortization, and decommissioning, including nuclear fuel amortization
    1,771,649       1,745,455       1,705,331       1,458,861       1,391,689  
 Deferred income taxes, investment tax credits, and non-current taxes accrued
    (26,479 )     (280,029 )     718,987       864,684       333,948  
 Asset impairment
    355,524       -       -       -       -  
 Gain on sale of business
    -       -       (44,173 )     -       -  
 Changes in working capital:
                                       
    Receivables
    (14,202 )     28,091       (99,640 )     116,444       78,653  
    Fuel inventory
    (11,604 )     5,393       (10,665 )     19,291       (7,561 )
    Accounts payable
    (6,779 )     (131,970 )     216,635       (14,251 )     (23,225 )
    Prepaid taxes and taxes accrued
    55,484       580,042       (116,988 )     (260,029 )     122,134  
    Interest accrued
    1,152       (34,172 )     17,651       4,974       (652 )
    Deferred fuel
    (99,987 )     (55,686 )     8,909       72,314       (38,500 )
    Other working capital accounts
    (151,989 )     41,875       (160,326 )     (43,391 )     (119,296 )
 Changes in provisions for estimated losses
    (24,808 )     (11,086 )     265,284       (12,030 )     12,462  
 Changes in other regulatory assets
    (398,428 )     (673,244 )     339,408       (415,157 )     (324,211 )
 Changes in pensions and other postretirement liabilities
    644,099       962,461       (80,844 )     71,789       828,160  
 Other
    (21,710 )     (415,685 )     (103,793 )     (181,391 )     (169,808 )
      Net cash flow provided by operating activities
    2,940,285       3,128,817       3,926,081       2,933,158       3,324,328  
 INVESTING ACTIVITIES:
                                       
 Construction / capital expenditures
    (2,674,650 )     (2,040,027 )     (1,974,286 )     (1,931,245 )     (2,212,255 )
 Allowance for equity funds used during construction
    96,131       86,252       59,381       59,545       44,523  
 Nuclear fuel purchases
    (557,960 )     (641,493 )     (407,711 )     (525,474 )     (423,951 )
 Proceeds from sale / leaseback of nuclear fuel
    -       -       -       284,997       297,097  
 Proceeds from sale of assets and businesses
    -       6,531       228,171       39,554       30,725  
 Payment for purchase of plant
    (456,356 )     (646,137 )     -       -       (266,823 )
 Insurance proceeds received for property damages
    -       -       7,894       53,760       130,114  
 Changes in transition charge account
    4,265       (7,260 )     (29,945 )     (1,036 )     7,211  
 NYPA value sharing payment
    (72,000 )     (72,000 )     (72,000 )     (72,000 )     (72,000 )
 Payments to storm reserve escrow account
    (8,957 )     (6,425 )     (296,614 )     (6,802 )     (248,863 )
 Receipts from storm reserve escrow account
    27,884       -       9,925       -       249,461  
 Decrease (increase) in other investments
    15,175       (11,623 )     24,956       100,956       (73,431 )
 Litigation proceeds for reimbursement of spent nuclear fuel storage costs
    109,105       -       -       -       -  
 Proceeds from nuclear decommissioning trust fund sales
    2,074,055       1,360,346       2,606,383       2,570,523       1,652,277  
 Investment in nuclear decommissioning trust funds
    (2,196,489 )     (1,475,017 )     (2,730,377 )     (2,667,172 )     (1,704,181 )
      Net cash flow used in investing activities
    (3,639,797 )     (3,446,853 )     (2,574,223 )     (2,094,394 )     (2,590,096 )
 FINANCING ACTIVITIES:
                                       
 Proceeds from the issuance of:
                                       
    Long-term debt
    3,478,361       2,990,881       3,870,694       2,003,469       3,456,695  
    Mandatory redeemable preferred membership units of subsidiary
    51,000       -       -       -       -  
    Preferred equity
    -       -       -       -       -  
    Common stock and treasury stock
    62,886       46,185       51,163       28,198       34,775  
 Retirement of long-term debt
    (3,130,233 )     (2,437,372 )     (4,178,127 )     (1,843,169 )     (2,486,806 )
 Repurchase of common stock
    -       (234,632 )     (878,576 )     (613,125 )     (512,351 )
 Redemption of subsidiary common and preferred stock
    -       (30,308 )     -       (1,847 )     -  
 Changes in credit borrowings – net
    687,675       (6,501 )     (8,512 )     (25,000 )     30,000  
 Dividends paid:
                                       
    Common stock
    (589,209 )     (589,605 )     (603,854 )     (576,956 )     (573,045 )
    Preferred equity
    (22,329 )     (20,933 )     (20,063 )     (19,958 )     (20,025 )
      Net cash flow provided by (used in) financing activities
    538,151       (282,285 )     (1,767,275 )     (1,048,388 )     (70,757 )
 Effect of exchange rates on cash and cash equivalents
    (508 )     287       338       (1,316 )     3,288  
 Net increase (decrease) in cash and cash equivalents
    (161,869 )     (600,034 )     (415,079 )     (210,940 )     666,763  
 Cash and cash equivalents at beginning of period
    694,438       1,294,472       1,709,551       1,920,491       1,253,728  
 Effect of the reconsolidation of Entergy New Orleans
                                       
    on cash and cash equivalents
    -       -       -       -       -  
 Cash and cash equivalents at end of period
  $ 532,569     $ 694,438     $ 1,294,472     $ 1,709,551     $ 1,920,491  
Certain prior year data has been reclassified to conform with current year presentation.
                         
                                         
                                         


 
 

 

 FINANCIAL RESULTS
                             
                               
 CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
                             
                               
 $ thousands, for the years ended December 31,
 
2012
   
2011
   
2010
   
2009
   
2008
 
 SUPPLEMENTAL DISCLOSURE OF
                             
 CASH FLOW INFORMATION:
                             
    Cash paid (received) during the period for:
                             
      Interest – net of amount capitalized
    546,125       532,271       534,004       576,811       612,288  
      Income taxes
    49,214       (2,042 )     32,144       43,057       137,234  
   Noncash financing activities:
                                       
      Long-tern debt retired (equity unit notes)
    -       -       -       (500,000 )     -  
      Common stock issued in settlement of equity unit purchase contracts
    -       -       -       500,000       -  
                                         
                                         
                                         
 CASH FLOW INFORMATION BY BUSINESS
                                       
                   
ENTERGY
                 
                   
WHOLESALE
                 
For the years ended December 31, 2012, 2011, 2010, 2009, and 2008.
   
UTILITY
   
COMMODITIES
   
PARENT & OTHER
   
CONSOLIDATED
 
 ($ thousands)
                                       
2012
                                       
   Net cash flow provided by operating activities
            2,354,454       675,779       (89,948 )     2,940,285  
   Net cash flow provided by (used in) investing activities
            (3,070,785 )     (563,996 )     (5,016 )     (3,639,797 )
   Net cash flow provided by (used in) financing activities
            736,832       (292,860 )     94,179       538,151  
                                         
2011
                                       
   Net cash flow provided by operating activities
            2,099,569       756,499       272,749       3,128,817  
   Net cash flow provided by (used in) investing activities
            (2,346,218 )     (1,262,664 )     162,029       (3,446,853 )
   Net cash flow provided by (used in) financing activities
            (215,304 )     374,484       (441,465 )     (282,286 )
                                         
2010
                                       
   Net cash flow provided by operating activities
            2,941,596       629,787       354,698       3,926,081  
   Net cash flow provided by (used in) investing activities
            (2,500,139 )     (399,439 )     325,355       (2,574,223 )
   Net cash flow provided by (used in) financing activities
            (859,141 )     (230,203 )     (677,930 )     (1,767,274 )
                                         
2009
                                       
   Net cash flow provided by (used in) operating activities
            1,586,020       2,626,034       (1,278,896 )     2,933,158  
   Net cash flow provided by (used in) investing activities
            (1,465,824 )     (1,927,120 )     1,298,550       (2,094,394 )
   Net cash flow provided by (used in) financing activities
            553,107       (701,801 )     (899,694 )     (1,048,388 )
                                         
2008
                                       
   Net cash flow provided by (used in) operating activities
            2,379,258       1,258,581       (313,511 )     3,324,328  
   Net cash flow provided by (used in) investing activities
            (2,845,157 )     (429,859 )     684,920       (2,590,096 )
   Net cash flow provided by (used in) financing activities
            250,309       (832,619 )     511,553       (70,757 )
Certain prior year data has been reclassified to conform with current year presentation.
                                 
                                         
                                         


 
 

 

FINANCIAL RESULTS
 
                                           
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND COMPREHENSIVE INCOME (unaudited)
                   
                                           
($ 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, 2007
    94,000       2,482       (3,734,865 )     4,850,769       6,735,965       8,320       7,956,671  
                                                         
Consolidated net income (a)
    19,969       -       -       -       1,220,566       -       1,240,535  
Other comprehensive loss
    -       -       -       -       -       (121,018 )     (121,018 )
Common stock repurchases
    -       -       (512,351 )     -       -       -       (512,351 )
Common stock issuances related to stock plans
    -       -       72,002       18,534       -       -       90,536  
Common stock dividends declared
    -       -       -       -       (573,924 )     -       (573,924 )
Preferred dividend requirements of subsidiaries (a)
    (19,969 )     -       -       -       -       -       (19,969 )
Capital stock and other expenses
    -       -       -       -       112       -       112  
                                                         
Balance at December 31, 2008
    94,000       2,482       (4,175,214 )     4,869,303       7,382,719       (112,698 )     8,060,592  
                                                         
Consolidated net income (a)
    19,958       -       -       -       1,231,092       -       1,251,050  
Other comprehensive income
    -       -       -       -       -       43,878       43,878  
Common stock repurchases
    -       -       (613,125 )     -       -       -       (613,125 )
Common stock issuances in settlement of equity unit purchase contracts
    -       66       -       499,934       -       -       500,000  
Common stock issuances related to stock plans
    -       -       61,172       805       -       -       61,977  
Common stock dividends declared
    -       -       -       -       (576,913 )     -       (576,913 )
Preferred dividend requirements of subsidiaries (a)
    (19,958 )     -       -       -       -       -       (19,958 )
Capital stock and other expenses
    -       -       -       -       (141 )     -       (141 )
Adjustment for implementation of new accounting pronouncement
    -       -       -       -       6,365       (6,365 )     -  
                                                         
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)
    20,063       -       -       -       1,250,242       -       1,270,305  
Other comprehensive income
    -       -       -       -       -       36,973       36,973  
Common stock repurchases
    -       -       (878,576 )     -       -       -       (878,576 )
Common stock issuances related to stock plans
    -       -       80,932       (2,568 )     -       -       78,364  
Common stock dividends declared
    -       -       -       -       (603,963 )     -       (603,963 )
Preferred dividend requirements of subsidiaries (a)
    (20,063 )     -       -       -       -       -       (20,063 )
                                                         
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)
    20,933       -       -       -       1,346,439       -       1,367,372  
Other comprehensive loss
    -       -       -       -       -       (130,240 )     (130,240 )
Common stock repurchases
    -       -       (234,632 )     -       -       -       (234,632 )
Common stock issuances related to stock plans
    -       -       78,975       (6,792 )     -       -       72,183  
Common stock dividends declared
    -       -       -       -       (588,880 )     -       (588,880 )
Preferred dividend requirements of subsidiaries (a)
    (20,933 )     -       -       -       -       -       (20,933 )
                                                         
Balance at December 31, 2011
    94,000       2,548       (5,680,468 )     5,360,682       9,446,960       (168,452 )     9,055,270  
                                                         
Consolidated net income (a)
    21,690       -       -       -       846,673       -       868,363  
Other comprehensive loss
    -       -       -       -       -       (124,631 )     (124,631 )
Common stock issuances related to stock plans
    -       -       105,649       (2,830 )     -       -       102,819  
Common stock dividends declared
    -       -       -       -       (589,042 )     -       (589,042 )
Preferred dividend requirements of subsidiaries (a)
    (21,690 )     -       -       -       -       -       (21,690 )
                                                         
Balance at December 31, 2012
    94,000       2,548       (5,574,819 )     5,357,852       9,704,591       (293,083 )     9,291,089  
Certain prior year data has been reclassified to conform with current year presentation.
                                 
(a) Consolidated net income and preferred dividend requirements of subsidiaries for 2012, 2011, 2010, 2009, and 2008 include $15.0 million, $13.3 million, $13.3 million, $13.3 million, and $13.3 million, respectively, of preferred dividends on 
       subsidiaries’ preferred stock without sinking fund that is not presented as equity.
 
                                                         
                                                         
                                                         
 

 
 

 


FINANCIAL RESULTS
 
                               
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
                             
                               
 In thousands, for the years ended December 31,
 
2012
   
2011
   
2010
   
2009
   
2008
 
NET INCOME
  $ 868,363     $ 1,367,372     $ 1,270,305     $ 1,251,050     $ 1,240,535  
Other comprehensive income (loss)
                                       
   Cash flow hedges net unrealized gain (loss)
                                       
(net of tax expense (benefit) of ($55,570), $34,411, ($7,088), $333, and $78,837
                                 
     for 2012 to 2008, respectively)
    (97,591 )     71,239       (11,685 )     (2,887 )     133,370  
   Pension and other postretirement liabilities
                                       
(net of tax benefit (expense) of $61,223, $131,198, $14,387, $34,415, and $68,076
                                 
     for 2012 to 2008, respectively)
    (91,157 )     (223,090 )     (8,527 )     (35,707 )     (125,087 )
   Net unrealized investment gains
                                       
(net of tax expense (benefit) of $61,104, $19,368, $51,130, $102,845, and ($108,049)
                                 
     for 2012 to 2008, respectively)
    63,609       21,254       57,523       82,929       (126,013 )
   Foreign currency translation
                                       
     (net of tax expense (benefit) of $275, $192, ($182), ($246), and ($1,770)
                                       
     for 2012 to 2008, respectively)
    508       357       (338 )     (457 )     (3,288 )
         Other comprehensive income (loss)
    (124,631 )     (130,240 )     36,973       43,878       (121,018 )
COMPREHENSIVE INCOME
    743,732       1,237,132       1,307,278       1,294,928       1,119,517  
Preferred dividend requirements of subsidiaries
    21,690       20,933       20,063       19,958       19,969  
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
  $ 722,042     $ 1,216,199     $ 1,287,215     $ 1,274,970     $ 1,099,548  
                                         
                                         


 
 

 

CONSOLIDATED CAPITAL EXPENDITURES
 
                               
 HISTORICAL CAPITAL EXPENDITURES
                             
 ($ millions)
 
2012
   
2011
   
2010
   
2009
   
2008
 
   Utility
                             
      Maintenance
    868       925       798       805       855  
      Other
    1,973       1,121       777       767       1,333  
   Entergy Wholesale Commodities
    362       712       471       437       357  
   Parent & Other
    (1 )     -       -       (6 )     6  
         Total Historical Capital Expenditures
    3,203       2,758       2,046       2,003       2,551  
                                         
                                         
 PLANNED CAPITAL EXPENDITURES (as of February 2013)
                                       
 ($ millions)
                    2013       2014       2015  
 Maintenance Capital:
                                       
   Utility:
                                       
      Generation
                    133       127       135  
      Transmission
                    253       229       202  
      Distribution
                    504       494       489  
      Other
                    97       107       105  
        Total
                    987       957       931  
   Entergy Wholesale Commodities
                    108       131       176  
      Total Maintenance Capital
                    1,095       1,088       1,107  
                                         
 Capital Commitments:
                                       
   Utility:
                                       
      Generation
                    716       415       392  
      Transmission
                    162       240       303  
      Distribution
                    45       21       16  
      Other
                    92       88       92  
        Total
                    1,015       764       803  
 Entergy Wholesale Commodities
                    257       242       281  
   Total Capital Commitments
                    1,272       1,006       1,084  
      Total Planned Capital Expenditures
                    2,367       2,094       2,191  
                                         
 
 
 
                 
 ENTERGY CORPORATION SECURITIES DETAIL(a)
           
                 
 ENTERGY CORPORATION LONG-TERM DEBT
   
CURRENT OR
     
     
MATURITY
FIRST CALL
FIRST CALL
AS OF DECEMBER 31,
 CUSIP
RATE
DATE
DATE
PRICE
 2012
 2011
 2010
 
 
 
 
 
 
 
 ($ millions)
 
 
$3.5B Bank Credit Facility
2.04%
03/17 (c)
 
 
 $ 795
 $ 1,920
 $ 1,632
 
Commercial Paper (b)
0.88%
     
                   665
                        -
                        -
 29364GA@2
7.06% Notes
7.06%
 03/11
Now
MW (T+.50%)
                        -
                        -
                     86
 29364GAE3
3.625% Notes
3.625%
09/15
Now
MW (T+.35%)
                   550
                   550
                   550
 29364GAF0
5.125% Notes
5.125%
09/20
Now
MW (T+.40%)
                   450
                   450
                   450
 29364GAG8
4.70% Notes
4.7%
01/17
Now
MW (T+.50%)
                   500
                        -
                        -
 
Total
 
 
 
 
 $ 2,960
 $ 2,920
 $ 2,718
 (a) On February 16, 2012, Entergy Gulf States Louisiana, L.L.C. sold 500,000 units ($51 million) of Class A preferred, non-voting, membership interest units of Entergy Holdings
   Company LLC that carry a 10% annual distribution rate. Distributions are payable quarterly commencing on September 15, 2008 and have a liquidation price of $100 per
   unit. The preferred membership interests are callable at the option of Entergy Holdings Company LLC after ten years under the terms of the LLC agreement.  This preferred
   membership interest is reflected in the Parent & Other disclosure segment in ‘Other Non-Current Liabilities’ on the balance sheet.
 (b) In September 2012, Entergy Corporation implemented a commercial paper program with a program limit of up to $500 million. In November 2012, Entergy Corporation
      increased the limit for the commercial paper program to $1 billion.
       
 (c) The maturity date was extended to 03/18 in first quarter 2013.
         
                 
 SECURITIES RATINGS (OUTLOOK)
             
   
CORPORATE CREDIT
     
 As of May 2013
   
MOODY’S
 
S&P
     
 Entergy Corporation
   
Baa3 (stable)
BBB (stable)
     
                 


 
 

 

 UTILITY SELECTED DATA
                       
 UTILITY QUARTERLY FINANCIAL METRICS
                   
 
2012
2011
YTD %
 
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
CHANGE
 GAAP MEASURES
         
 
 
 
 
 
 
 As-Reported Net Income ($ millions)
     62.9
     304.2
     296.2
     279.8
     943.0
     164.3
     248.4
     524.1
     169.7
     1,106.5
      (14.8)
 Return on Average Invested Capital –
                   
         As-Reported (%)(a)
     7.6
     7.9
     6.4
     6.9
     6.9
     7.0
     7.0
     8.0
     8.3
     8.3
      (16.9)
 Return on Average Common Equity –
                   
         As-Reported (%)(a)
     13.4
     13.8
     10.5
     11.8
     11.8
     11.7
     11.9
     14.2
     14.8
     14.8
      (20.3)
 Debt to Capital Ratio (%)
     54.4
     53.3
     53.7
     54.9
     54.9
     54.7
     54.7
     54.3
     54.0
     54.0
     1.7
 NON-GAAP MEASURES
                     
 Operational Earnings ($ millions)
     68.7
     314.1
     306.9
     290.5
     980.1
     164.3
     248.4
     524.1
     169.7
     1,106.5
      (11.4)
 Return on Average Invested Capital –
                   
         Operational (%)(a)
     7.7
     8.0
     6.5
     7.1
     7.1
     7.0
     7.0
     8.0
     8.3
     8.3
      (14.5)
 Return on Average Common Equity –
                   
         Operational (%)(a)
     13.5
     14.0
     10.8
     12.3
     12.3
     11.7
     11.9
     14.2
     14.8
     14.8
      (16.9)
 Debt to Capital Ratio,
     excluding securitization debt (%)
     51.5
     50.5
     51.0
     52.4
     52.4
     52.1
     52.2
     51.3
     50.9
     50.9
     2.9
 Net Debt to Net Capital Ratio,
     excluding securitization debt (%)
     50.2
     50.0
     49.4
     51.4
     51.4
     50.7
     51.5
     49.8
     49.8
     49.8
     3.2
(a) Rolling twelve months. Totals may not foot due to rounding.
                     
 UTILITY ANNUAL FINANCIAL METRICS
                   
             
 2012
 2011
 2010
 2009
 2008
 GAAP MEASURES
                     
 As-Reported Net Income ($ millions)
         
     943.0
     1,106.5
     812.4
     691.6
     587.8
 Return on Average Invested Capital – As-Reported (%)
       
     6.9
     8.3
     6.9
     6.4
     6.0
 Return on Average Common Equity – As-Reported (%)
       
     11.8
     14.8
     11.4
     10.1
     8.9
 Debt to Capital Ratio (%)
           
     54.9
     54.0
     54.3
     55.6
     53.0
 NON-GAAP MEASURES
                     
  Operational Earnings ($ millions)
           
     943.0
     1,106.5
     812.4
     691.6
     587.8
  Return on Average Invested Capital – Operational (%)
       
     7.1
     8.3
     6.9
     6.4
     6.0
  Return on Average Common Equity – Operational (%)
       
     12.3
     14.8
     11.4
     10.1
     8.9
 Debt to Capital Ratio, excluding securitization debt (%)
       
     52.4
     50.9
     51.6
     53.2
     52.0
 Net Debt to Net Capital Ratio,  excluding securitization debt (%)
     
     51.4
     49.8
     48.9
     49.2
     50.0
 Certain prior year data has been reclassified to conform with current year presentation.
           
                       
                       
 UTILITY SECURITIES RATINGS (OUTLOOK)
                   
   
MORTGAGE BONDS
     
PREFERRED STOCK
 
 As of May 2013
 
 MOODY’S
 S&P
     
 MOODY’S
 S&P
 
 Entergy Arkansas, Inc.
 
A3 (stable)
A- (outlook stable)
   
Ba1
 
BB+
 
 Entergy Gulf States Louisiana, L.L.C.
A3 (stable)
A- (outlook stable)
   
Ba1
 
BB+
 
 Entergy Louisiana, LLC
 
A3 (stable)
A- (outlook stable)
   
Ba1
 
BB+
 
 Entergy Mississippi, Inc.
 
Baa1 (stable)
A- (outlook stable)
   
Ba2
 
BB+
 
 Entergy New Orleans, Inc.
 
Baa3 (stable)
A- (outlook stable)
   
B1
 
BB+
 
 Entergy Texas, Inc.
 
Baa2 (stable)
A- (outlook stable)
   
n/a
 
n/a
 
 System Energy Resources, Inc.
 
Baa1 (stable)
A- (outlook stable)
   
n/a
 
n/a
 
                       
                       
 UTILITY HISTORICAL CAPITAL EXPENDITURES(a)
                 
 ($ millions)
         
 2012
 2011
 2010
 2009
 2008
 
 Entergy Arkansas
         
         615
         383
            291
         264
            584
 
 Entergy Gulf States Louisiana
         
         284
         219
            237
         274
            360
 
 Entergy Louisiana
         
         787
         734
            428
         468
            584
 
 Entergy Mississippi
         
         378
         166
            224
         131
            156
 
 Entergy New Orleans
         
           86
           57
              80
           62
            103
 
 Entergy Texas
         
         181
         173
            163
         188
            284
 
 System Energy Resources
         
         450
         235
              56
           91
              86
 
 Other(b)
         
           58
           79
              96
           94
              31
 
 Total
         
      2,839
      2,046
         1,575
      1,572
         2,188
 
 (a) Historical capital expenditures include storm capital spending.
 (b) Corresponds to Entergy Services, Inc., Entergy Operations, Inc., and System Fuels, Inc.
         
 
 
         


 
 

 

 UTILITY SELECTED DATA
                     
 UTILITY PLANNED CAPITAL EXPENDITURES  (as of February 2013)
             
   
2013
 
 
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
        System Energy
 
 ($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Other(a)
 Utility
 Maintenance Capital:
                   
 Generation
 
                   34
                      26
                       30
                   12
                     4
                   13
                           13
                     1
    133
 Transmission
 
                   76
                      49
                       62
                   25
                     5
                   37
                              -
                      -
    253
 Distribution
 
                 138
                      72
                     113
                   84
                   23
                   74
                              -
                      -
    504
 Other
 
                   12
                      15
                       13
                     7
                   10
                     5
                             2
                   33
      97
 Total Maintenance Capital
 
                 260
                    162
                     218
                 128
                   42
                 129
                           15
                   34
    987
                     
 Capital Commitments:
                   
 Generation
 
                   68
                      53
                     500
                     8
                   15
                   63
                             8
                      -
    716
 Transmission
 
                   17
                      34
                       55
                   25
                   14
                     6
                              -
                   11
    162
 Distribution
 
                     8
                        4
                       17
                     3
                     9
                     1
                              -
                     6
      45
 Other
 
                   31
                        5
                         6
                     4
                   14
                     2
                              -
                   30
      92
 Total Other Capital Commitments
 
                 124
                      96
                     578
                   40
                   52
                   72
                             8
                   47
 1,015
 Total Planned Capital Expenditures
 
                 384
                    258
                     796
                 168
                   94
                 201
                           23
                   81
 2,002
 Totals may not foot due to rounding.
                   
 (a) Corresponds to Entergy Services, Inc.
                 
                     
   
2014
 
 
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
        System Energy
 
 ($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Other(a)
 Utility
 Maintenance Capital:
                   
 Generation
 
                   33
                      19
                       21
                   11
                     8
                   14
                           20
                     1
    127
 Transmission
 
                   60
                      32
                       68
                   36
                     5
                   28
                              -
                      -
    229
 Distribution
 
                 135
                      72
                     117
                   80
                   23
                   67
                              -
                      -
    494
 Other
 
                   15
                      17
                       16
                     8
                   11
                     7
                             1
                   32
    107
 Total Maintenance Capital
 
                 243
                    140
                     222
                 135
                   47
                 116
                           21
                   33
    957
                     
 Capital Commitments:
                   
 Generation
 
                 102
                      59
                     173
                     5
                   18
                   49
                             9
                      -
    415
 Transmission
 
                   62
                      23
                       58
                   37
                     5
                   41
                              -
                   14
    240
 Distribution
 
                     7
                         -
                         4
                      -
                   10
                      -
                              -
                     1
      21
 Other
 
                   30
                        5
                       24
                   10
                   13
                     2
                              -
                     4
      88
 Total Other Capital Commitments
 
                 201
                      87
                     259
                   52
                   46
                   92
                             9
                   19
    764
 Total Planned Capital Expenditures
 
                 444
                    227
                     481
                 187
                   93
                 208
                           30
                   52
 1,720
 Totals may not foot due to rounding.
                   
 (a) Corresponds to Entergy Services, Inc.
                 
                     
   
2015
 
 
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
System Energy
 
 ($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Other(a)
 Utility
 Maintenance Capital:
                   
 Generation
 
                   36
                      27
                       24
                     9
                   12
                   14
                           13
                     1
    135
 Transmission
 
                   72
                      27
                       34
                   35
                     5
                   28
                              -
                      -
    202
 Distribution
 
                 132
                      66
                     109
                   79
                   24
                   79
                              -
                      -
    489
 Other
 
                   15
                      17
                       15
                     8
                   11
                     6
                             1
                   32
    105
 Total Maintenance Capital
 
                 255
                    137
                     182
                 131
                   52
                 127
                           14
                   33
    931
                     
 Capital Commitments:
                   
 Generation
 
                 173
                      49
                       88
                   25
                   17
                   17
                           22
                      -
    392
 Transmission
 
                 109
                      17
                       41
                   43
                     2
                   80
                              -
                   10
    303
 Distribution
 
                     7
                         -
                         3
                     6
                      -
                      -
                              -
                      -
      16
 Other
 
                   28
                        5
                       24
                   13
                   13
                     2
                              -
                     8
      92
 Total Other Capital Commitments
 
                 317
                      71
                     156
                   87
                   32
                   99
                           22
                   18
    803
 Total Planned Capital Expenditures
 
                 572
                    208
                     338
                 218
                   84
                 226
                           36
                   51
 1,735
 Totals may not foot due to rounding.
                   
 (a) Corresponds to Entergy Services, Inc.
                     


 
 

 

 UTILITY FINANCIAL RESULTS
                 
 2012 UTILITY CONSOLIDATING INCOME STATEMENT (unaudited)
             
                   
               
 OTHER/
 
 In thousands, for the year ending December 31, 2012.
  EAI
  EGSL
  ELL
  EMI
  ENOI
 ETI
  SERI
ELIMINATIONS(a)
 UTILITY
 OPERATING REVENUES:
 
 
 
 
 
 
 
 
 
 Electric
 $2,127,004
 $1,606,165
 $2,149,443
 $1,120,366
 $487,633
 $1,581,496
 $622,118
 $(1,819,970)
 $7,874,255
 Natural gas
 -
         48,729
 -
 -
       82,107
 -
 -
                           -
 $130,836
 Total
      2,127,004
    1,654,894
    2,149,443
    1,120,366
     569,740
    1,581,496
       622,118
           (1,819,970)
 $8,005,091
 OPERATING EXPENSES:
 
 
 
 
 
 
 
 
 
 Operation and maintenance:
 
 
 
 
 
 
 
 
 
 Fuel, fuel-related expenses, and gas purchased for resale
         480,464
       194,878
       360,964
       227,133
     107,616
       243,877
         62,918
                  (1,831)
 $1,676,019
 Purchased power
         431,932
       562,247
       728,170
       320,923
     222,193
       717,876
 -
           (1,797,937)
 $1,185,404
 Nuclear refueling outage expenses
           47,103
         17,565
         24,344
 -
 -
 -
         21,824
                          1
 $110,837
 Other operation and maintenance
         545,782
       361,415
       449,172
       244,722
     122,143
       233,503
       149,346
                (26,563)
 $2,079,520
 Decommissioning
           40,484
         15,024
         23,406
 -
 -
 -
         33,019
                      731
 $112,664
 Taxes other than income taxes
           89,527
         76,295
         69,186
         75,006
       43,189
         59,348
         19,468
                      403
 $432,422
 Depreciation and amortization
         222,734
       146,673
       218,140
         97,768
       36,726
         88,307
       154,561
                     (728)
 $964,181
 Other regulatory charges (credits) – net
         (38,406)
         31,835
       127,050
         (5,701)
         1,983
         68,772
       (10,429)
                           -
 $175,104
 Total
      1,819,620
    1,405,932
    2,000,432
       959,851
     533,850
    1,411,683
       430,707
           (1,825,924)
 $6,736,151
 OPERATING INCOME
         307,384
       248,962
       149,011
       160,515
       35,890
       169,813
       191,411
                   5,954
 $1,268,940
 OTHER INCOME:
 
 
 
 
 
 
 
 
 
 Allowance for equity funds used during construction
             9,070
           8,694
         39,610
           3,955
            791
           4,537
         26,102
                           -
 $92,759
 Interest and investment income
           15,169
         42,773
         84,478
              170
              47
         (2,220)
         10,134
                     (259)
 $150,292
 Miscellaneous – net
           (4,049)
         (8,928)
         (2,584)
         (3,951)
       (1,453)
         (4,264)
            (617)
                          2
 $    (25,844)
 Total
           20,190
         42,539
       121,504
              174
          (615)
         (1,947)
         35,619
                     (257)
 $217,207
 INTEREST AND OTHER CHARGES:
                 
 Interest expense
           82,860
         83,251
       136,967
         57,345
       11,344
         96,035
         45,214
                      781
 $513,797
 Allowance for borrowed funds used during construction
           (2,457)
         (3,343)
       (18,611)
         (2,103)
          (374)
         (3,258)
         (7,165)
                         (1)
 $    (37,312)
 Total
           80,403
         79,908
       118,356
         55,242
       10,970
         92,777
         38,049
                      780
 $476,485
 INCOME BEFORE INCOME TAXES
         247,171
       211,593
       152,159
       105,447
       24,305
         75,089
       188,981
                   4,917
 $1,009,662
 Income taxes
           94,806
         52,616
     (128,922)
         58,679
         7,240
         33,118
         77,115
              (145,312)
 $49,340
 CONSOLIDATED NET INCOME
         152,365
       158,977
       281,081
         46,768
       17,065
         41,971
       111,866
               150,229
 $960,322
 Preferred dividend requirements and other
             6,873
              825
           6,950
           2,828
            965
                   -
                   -
                  (1,112)
 $17,329
 EARNINGS APPLICABLE TO
                 
 COMMON STOCK/EQUITY
 $     145,492
 $   158,152
 $   274,131
 $   43,940
 $   16,100
 $   41,971
 $   111,866
 $   151,341
 $942,993
 Totals may not foot due to rounding.
                 


 
 

 

 UTILITY FINANCIAL RESULTS
                 
 2012 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
           
                   
                   
               
 OTHER/
 
 In thousands, as of December 31, 2012.
  EAI
  EGSL
  ELL
  EMI
  ENOI
 ETI
  SERI
ELIMINATIONS(a)
 UTILITY
 ASSETS
 
 
 
 
 
 
 
 
 
 CURRENT ASSETS:
 
 
 
 
 
 
 
 
 
 Cash and cash equivalents:
 
 
 
 
 
 
 
 
 
 Cash
              9,597
            35,085
                 814
                 585
                 319
                 528
                 100
 $     57,350
           104,378
 Temporary cash investments
            24,936
                 601
            29,272
            52,385
              9,072
            59,708
            83,522
                   16,259
           275,755
 Total cash and cash equivalents
            34,533
            35,686
            30,086
            52,970
              9,391
            60,236
            83,622
                   73,609
           380,133
 Securitization recovery trust account
              4,403
                    -
              4,382
                    -
                    -
            37,255
                    -
                            -
             46,040
 Accounts receivable:
             
                            -
 
 Customer
            98,036
            53,480
            86,072
            49,836
            33,142
            53,836
                    -
                            1
           374,403
 Allowance for doubtful accounts
          (28,343)
               (711)
               (867)
               (910)
               (446)
               (680)
                    -
                            1
           (31,956)
 Associated companies
            67,277
            71,697
            42,938
            25,504
            29,326
            68,750
            93,381
               (370,144)
             28,729
 Other
            71,956
            18,736
              9,354
            11,072
              3,115
            10,450
              5,904
                   19,094
           149,681
 Accrued unbilled revenues
            72,902
            51,586
            79,354
            43,045
            18,124
            38,252
                    -
                            1
           303,264
 Total account receivable
          281,828
          194,788
          216,851
          128,547
            83,261
          170,608
            99,285
               (351,047)
           824,121
 Deferred fuel costs
            97,305
                    -
            26,568
            26,490
                    -
                    -
                    -
                            -
           150,363
 Accumulated deferred income taxes
            72,196
                    -
          113,319
            44,027
              9,517
            34,988
            74,331
                        503
           348,881
 Fuel inventory – at average cost
            48,975
            26,967
            23,583
            48,778
              1,777
            55,388
                    -
                            -
           205,468
 Materials and supplies – at average cost
          148,682
          121,289
          152,170
            40,331
            10,889
            32,853
            82,443
                            -
           588,657
 Deferred nuclear refueling outage costs
            38,410
              5,953
            44,457
                    -
                    -
                    -
            35,155
                            -
           123,975
 System agreement cost equalization
                    -
                    -
                    -
                    -
                    -
            16,880
                    -
                            -
             16,880
 Prepaid Taxes
                    -
                    -
              7,937
                    -
              1,377
            53,668
 
                 (62,982)
                       -
 Prepayments and other
            10,586
              7,911
            12,129
              5,329
              3,201
            18,206
              2,080
                   11,335
             70,777
 Total
          736,918
          392,594
          631,482
          346,472
          119,413
          480,082
          376,916
               (328,582)
        2,755,295
 OTHER PROPERTY AND INVESTMENTS:
           
                            -
 
 Investment in affiliates – at equity
                    -
          289,664
          807,423
                    -
                    -
                 678
                    -
                      (494)
        1,097,271
 Decommissioning trust funds
          600,578
          477,391
          287,418
                    -
                    -
                    -
          490,572
                            -
        1,855,959
 Non-utility property – at cost less accumulated depreciation
              1,671
          165,410
                 578
              4,698
              1,016
                 638
                    -
                        208
           174,219
 Storm reserve escrow account
                    -
            86,984
          186,985
                    -
            10,605
                    -
                    -
               (284,574)
                       -
 Escrow accounts
                    -
                    -
                    -
            61,836
                    -
                    -
                    -
                 (61,836)
                       -
 Other
            41,182
            13,404
                    -
                    -
                    -
            17,263
                    -
                 350,290
           422,139
 Total
          643,431
       1,032,853
       1,282,404
            66,534
            11,621
            18,579
          490,572
                     3,594
        3,549,588
 PROPERTY, PLANT AND EQUIPMENT
                 
 Electric
       8,693,659
       7,279,953
       8,603,319
       3,708,743
          860,358
       3,475,776
       3,987,672
                 654,973
      37,264,453
 Property under capital lease
              1,154
                    -
          324,440
              8,112
                    -
                    -
          569,355
                   32,138
           935,199
 Natural gas
                    -
          135,723
          404,714
                    -
          217,769
                    -
                    -
               (404,714)
           353,492
 Construction work in progress
          205,982
          125,448
          204,019
            62,876
            11,135
            90,469
            40,392
                 232,750
           973,071
 Nuclear fuel
          303,825
          146,768
                    -
                    -
                    -
                    -
          252,682
                 204,018
           907,293
 Total property, plant and equipment
       9,204,620
       7,687,892
       9,536,492
       3,779,731
       1,089,262
       3,566,245
       4,850,101
                 719,165
      40,433,508
 Less – accumulated depreciation and amortization
       4,104,882
       4,003,385
       3,590,146
       1,324,627
          549,587
       1,332,349
       2,568,862
                 366,549
      17,840,387
 Property, plant and equipment – net
       5,099,738
       3,684,507
       5,946,346
       2,455,104
          539,675
       2,233,896
       2,281,239
                 352,616
      22,593,121
 DEFERRED DEBITS AND OTHER ASSETS:
           
                            -
 
 Regulatory assets:
             
                            -
 
 Regulatory asset for income taxes - net
            80,751
          171,051
          193,114
            63,614
                    -
          131,287
          126,503
                 (24,290)
           742,030
 Other regulatory assets
       1,221,636
          409,653
          913,562
          401,471
          202,003
       1,114,536
          330,074
                 432,977
        5,025,912
 Deferred fuel costs
                    -
          100,124
            67,998
                    -
              4,080
                    -
                    -
                            -
           172,202
 Long-term receivables  - associated companies
                    -
                    -
                    -
                    -
                    -
            29,510
                    -
                 (29,510)
                       -
 Goodwill
                    -
                    -
                    -
                    -
                    -
                    -
                    -
                 374,099
           374,099
 Accumulated deferred income taxes
                    -
                    -
                    -
                    -
                    -
                    -
                    -
                   10,461
             10,461
 Other
            36,971
            12,337
            39,178
            20,832
              4,997
            17,891
            18,212
                   65,004
           215,422
 Total
       1,339,358
          693,165
       1,213,852
          485,917
          211,080
       1,293,224
          474,789
                 828,741
        6,540,126
 TOTAL ASSETS
       7,819,445
       5,803,119
       9,074,084
       3,354,027
          881,789
       4,025,781
       3,623,516
                 856,369
      35,438,130
 (a) Reflects other Entergy subsidiaries, including EGS Holdings, Inc. and Entergy Louisiana Holdings, Inc., the respective parent companies of EGSL and ELL, as well as Entergy Services, Inc. and the elimination of
        intercompany transactions.
 Totals may not foot due to rounding.
                 
                   
                   


 
 

 

 UTILITY FINANCIAL RESULTS
                 
 2012 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
             
                   
                   
               
 OTHER/
 
 In thousands, as of December 31, 2012.
  EAI
  EGSL
  ELL
  EMI
  ENOI
 ETI
  SERI
ELIMINATIONS(a)
 UTILITY
 LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 CURRENT LIABILITIES:
                 
 Currently maturing long-term debt
 $   330,000
 $   75,000
 $   14,236
 $   100,000
 $   70,000
 $                   -
 $   111,854
 $                       -
 $        701,090
 Notes payable and commercial paper:
             
                          -
 
 Associated companies
                      -
                      -
                      -
                      -
                      -
                      -
                      -
                 28,000
             28,000
 Other
            36,735
                      -
            54,657
                      -
                      -
                      -
            39,986
                        21
           131,399
 Accounts payable:
             
                          -
 
 Associated companies
            39,288
            89,377
          103,454
            42,398
            28,778
            88,743
              5,564
             (381,804)
             15,798
 Other
          200,964
            97,509
          266,904
            44,856
            31,209
            65,261
            44,433
               206,057
           957,193
 Customer deposits
            85,198
            48,265
            88,805
            71,182
            21,974
            38,859
                      -
                   4,795
           359,078
 Taxes accrued
          214,969
            21,021
                      -
            52,327
                      -
                      -
          181,477
               195,097
           664,891
 Accumulated deferred income taxes
              5,927
            22,249
                      -
                 218
                      -
                      -
              1,789
               (22,228)
               7,955
 Interest accrued
            28,418
            25,437
            37,264
            18,226
              3,020
            32,166
            15,619
                          1
           160,151
 Deferred fuel costs
                      -
                 948
                      -
                      -
              2,157
            93,334
                      -
                          -
             96,439
 Obligations under capital leases
                      -
                      -
                      -
                      -
                      -
                      -
                      -
                   3,880
               3,880
 Pension and other postretirement liabilities
                      -
              7,803
              9,170
                      -
                      -
                 853
                      -
                 71,574
             89,400
 System agreement cost equalization
                      -
                      -
                      -
                      -
            16,880
              8,968
                      -
                          -
             25,848
 Gas hedge contracts
                      -
              2,620
              3,442
                      -
                      -
                      -
 
                 (6,062)
                       -
 Other
            45,208
            11,999
            13,382
            21,490
              3,479
              2,839
              2,429
                   5,226
           106,052
 Total
          986,707
          402,228
          591,314
          350,697
          177,497
          331,023
          403,151
               104,557
        3,347,174
               
                          -
 
 NON-CURRENT LIABILITIES:
 
 
 
 
 
 
 
                          -
 
 Accumulated deferred income taxes and taxes accrued
       1,829,281
       1,403,195
          930,606
          761,812
          172,790
       1,009,081
          782,469
               (44,905)
        6,844,329
 Accumulated deferred investment tax credits
            40,947
            78,312
            70,193
              7,257
              1,300
            17,743
            56,188
                   1,756
           273,696
 Obligations under capital leases
                      -
                      -
                      -
              5,329
                      -
                      -
                      -
                 29,212
             34,541
 Regulatory liability for income taxes - net
                      -
                      -
                      -
                      -
            24,291
                      -
                      -
               (24,291)
                       -
 Other regulatory liabilities
          143,901
          103,444
          376,801
              1,235
            11,060
              6,150
          256,024
                        (1)
           898,614
 Decommissioning and asset retirement cost liabilities
          680,712
          380,822
          418,122
              6,039
              2,193
              4,103
          478,371
                          -
        1,970,362
 Accumulated provisions
              5,822
            97,230
          196,474
            35,820
            15,031
              6,609
                      -
                      815
           357,801
 Pension and other postretirement liabilities
          614,805
          416,220
          539,703
          160,866
            83,790
          155,241
          142,617
               778,545
        2,891,787
 Long-term debt
       1,793,895
       1,442,429
       2,811,859
       1,069,519
          126,300
       1,617,813
          671,945
                          -
        9,533,760
 Long-term payables - associated companies
                      -
            29,510
                      -
                      -
                      -
                      -
                      -
               (29,510)
                       -
 Gas system rebuild insurance proceeds
                      -
                      -
                      -
                      -
            44,207
                      -
                      -
               (44,207)
                       -
 Other
            27,409
            66,725
            68,516
            25,426
              7,985
            23,872
                   22
               489,227
           709,182
 Total
       5,136,772
       4,017,887
       5,412,274
       2,073,303
          488,947
       2,840,612
       2,387,636
            1,156,641
      23,514,072
 Commitments and Contingencies
             
                          -
 
               
                          -
 
 Subsidiaries preferred stock without sinking fund
          116,350
                      -
                      -
            50,381
            19,780
                      -
                      -
                          -
           186,511
               
                          -
 
 EQUITY:
             
                          -
 
 Common stock or members’ equity
                 470
       1,438,233
       3,016,628
          199,326
            33,744
            49,452
          789,350
          (3,365,935)
        2,161,268
 Paid-in capital/capital stock expense and other
          588,444
                      -
                      -
                (690)
            36,294
          481,994
                      -
            1,311,602
        2,417,644
 Retained earnings
          990,702
   
          681,010
          125,527
          322,700
            43,379
            1,889,123
        4,052,441
 Accumulated other comprehensive income (loss)
                      -
          (65,229)
           (46,132)
                      -
                      -
                      -
                      -
             (103,619)
         (214,980)
 Less – treasury stock, at cost
                      -
                      -
                      -
                      -
                      -
                      -
                      -
               120,000
           120,000
 Total
       1,579,616
       1,373,004
       2,970,496
          879,646
          195,565
          854,146
          832,729
             (388,829)
        8,296,373
 Preferred membership interests without sinking fund
                      -
            10,000
          100,000
                      -
                      -
                      -
                      -
               (16,000)
             94,000
 Total
       1,579,616
       1,383,004
       3,070,496
          879,646
          195,565
          854,146
          832,729
             (404,829)
        8,390,373
               
                          -
 
 TOTAL LIABILITIES AND EQUITY
 $7,819,445
 $5,803,119
 $9,074,084
 $3,354,027
 $881,789
 $4,025,781
 $3,623,516
 $856,369
 $35,438,130
 (a) Reflects other Entergy subsidiaries, including EGS Holdings, Inc. and Entergy Louisiana Holdings, Inc., the respective parent companies of EGSL and ELL, as well as Entergy Services, Inc. and the elimination of
        intercompany transactions.
 Totals may not foot due to rounding.
               
                   


 
 

 

 UTILITY FINANCIAL RESULTS
                             
                               
 UTILITY SELECTED ANNUAL FINANCIAL METRICS
                             
                               
   
2012
   
2011
   
2010
   
2009
   
2008
 
 ENTERGY ARKANSAS, INC.
                             
 As-Reported Earnings ($ millions)
    145.5       158.0       165.7       60.0       40.3  
 Less Special Items ($ millions)
    (13 )     -       -       -       -  
 Operational Earnings ($ millions)
    158.5       158.0       165.7       60.0       40.3  
 GAAP MEASURES
                                       
 Return on Average Common Equity – As-Reported (%)
    9.6       11.1       11.8       4.3       2.9  
 Return on Average Invested Capital – As-Reported (%)
    5.5       6.2       6.7       3.7       3.2  
 Cash Flow Interest Coverage (# times)
    7.3       7.9       6.7       5.3       6.3  
 Debt to Capital Ratio (%)
    56.0       55.0       55.9       54.0       53.5  
 Total Debt ($ millions)
    2,162       1,911       1,928       1,793       1,745  
 Total Preferred ($ millions)
    116       116       116       116       116  
 Total Equity ($ millions)
    1,580       1,444       1,404       1,412       1,400  
 NON-GAAP MEASURES
                                       
 Return on Average Common Equity – Operational (%)
    10.5       11.1       11.8       4.3       2.9  
 Return on Average Invested Capital – Operational (%)
    6.0       6.4       6.8       3.7       3.2  
 Total Debt, excluding securitization debt ($ millions)
    2,060       1,797       1,804       1,793       1,745  
 Debt to Capital Ratio, excluding securitization debt (%)
    54.8       53.5       54.3       54.0       53.5  
 Net Debt to Net Capital Ratio, excluding securitization debt (%)
    54.4       53.2       52.8       52.8       52.9  
                                         
                                         
                                         
 ENTERGY GULF STATES LOUISIANA, L.L.C.
                                       
 As-Reported Earnings ($ millions)
    158.2       200.8       173.5       152.5       131.1  
 Less Special Items ($ millions)
    (5 )     -       -       -       -  
 Operational Earnings ($ millions)
    162.8       200.8       173.5       152.5       131.1  
 GAAP MEASURES
                                       
 Return on Average Common Equity – As-Reported (%)
    11.7       14.5       12.1       11.3       10.2  
 Return on Average Invested Capital – As-Reported (%)
    7.2       8.5       7.5       6.7       5.8  
 Cash Flow Interest Coverage (# times)
    5.3       7.0       8.4       3.1       5.4  
 Debt to Capital Ratio (%)
    52.3       53.6       52.0       55.8       62.7  
 Total Debt ($ millions)
    1,517       1,542       1,584       1,783       2,188  
 Total Preferred ($ millions)
    10       10       10       10       10  
 Total Equity ($ millions)
    1,373       1,324       1,454       1,403       1,293  
 NON-GAAP MEASURES
                                       
 Return on Average Common Equity – Operational (%)
    12.1       14.5       12.1       11.3       10.2  
 Return on Average Invested Capital – Operational (%)
    7.4       8.5       7.7       7.8       7.8  
 Total Debt, excluding assumption debt ($ millions)
    1,517       1,542       1,584       1,615       1,418  
 Debt to Capital Ratio, excluding assumption debt (%)
    52.3       53.6       52.0       53.3       52.1  
 Net Debt to Net Capital Ratio, excluding assumption debt (%)
    51.7       53.2       49.4       51.0       51.2  
                                         
                                         
                                         
                                         
                                         
 ENTERGY LOUISIANA, LLC
                                       
 As-Reported Earnings ($ millions)
    274.1       467.0       224.5       225.9       150.6  
 Less Special Items ($ millions)
    (7 )     -       -       -       -  
 Operational Earnings ($ millions)
    280.7       467.0       224.5       225.9       150.6  
 GAAP MEASURES
                                       
 Return on Average Members’ Equity – As-Reported (%)
    10.1       20.7       11.7       13.2       9.8  
 Return on Average Invested Capital – As-Reported (%)
    6.5       12.1       7.6       8.2       7.1  
 Cash Flow Interest Coverage (# times)
    4.9       5.9       10.4       2.3       14.0  
 Debt to Capital Ratio (%)
    48.4       47.2       46.1       49.9       46.1  
 Total Debt ($ millions)
    2,881       2,297       1,830       1,902       1,462  
 Total Preferred ($ millions)
    100       100       100       100       100  
 Total Equity ($ millions)
    2,971       2,465       2,037       1,812       1,608  
 NON-GAAP MEASURES
                                       
 Return on Average Members’ Equity – Operational (%)
    10.3       20.7       11.7       13.2       9.8  
 Return on Average Invested Capital – Operational (%)
    6.9       12.4       7.6       8.2       7.1  
 Total Debt, excluding securitization debt ($ millions)
    2,699       2,090       1,830       1,902       1,462  
 Debt to Capital Ratio, excluding securitization debt (%)
    46.8       44.9       46.1       49.9       46.1  
 Net Debt to Net Capital Ratio, excluding securitization debt (%)
    46.5       44.9       44.4       47.8       43.6  
                                         
                                         
                                         


 
 

 

 UTILITY FINANCIAL RESULTS
                             
                               
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
                         
                               
   
2012
   
2011
   
2010
   
2009
   
2008
 
 ENTERGY MISSISSIPPI, INC.
       
 
   
 
   
 
   
 
 
 As-Reported Earnings ($ millions)
    43.9       105.9       82.5       76.5       58.4  
 Less Special Items ($ millions)
    (8 )     -       -       -       -  
 Operational Earnings ($ millions)
    51.4       105.9       82.5       76.5       58.4  
 GAAP MEASURES
                                       
 Return on Average Common Equity – As-Reported (%)
    5.1       13.5       11.6       11.2       8.8  
 Return on Average Invested Capital – As-Reported (%)
    4.1       8.0       7.3       7.3       6.3  
 Cash Flow Interest Coverage (# times)
    4.7       3.1       3.3       5.4       2.7  
 Debt to Capital Ratio (%)
    55.9       51.2       51.7       53.4       49.4  
 Total Debt ($ millions)
    1,178       931       839       852       703  
 Total Preferred ($ millions)
    50       50       50       50       50  
 Total Equity ($ millions)
    880       836       733       694       669  
 NON-GAAP MEASURES
                                       
 Return on Average Common Equity – Operational (%)
    6.0       13.5       11.6       11.2       8.8  
 Return on Average Invested Capital – Operational (%)
    4.5       8.0       7.3       7.3       6.3  
 Net Debt to Net Capital Ratio (%)
    54.7       51.2       51.7       50.5       49.4  
                                         
                                         
 ENTERGY NEW ORLEANS, INC.
                                       
 As-Reported Earnings ($ millions)
    16.1       35.0       30.1       29.5       33.4  
 Less Special Items ($ millions)
    (1 )     -       -       -       -  
 Operational Earnings ($ millions)
    17.0       35.0       30.1       29.5       33.4  
 GAAP MEASURES
                                       
 Return on Average Common Equity – As-Reported (%)
    8.5       19.0       15.3       14.3       17.4  
 Return on Average Invested Capital – As-Reported (%)
    6.1       11.5       8.9       8.2       9.4  
 Cash Flow Interest Coverage (# times)
    5.7       5.1       4.9       9.8       5.3  
 Debt to Capital Ratio (%)
    47.7       45.3       44.6       54.8       54.5  
 Total Debt ($ millions)
    196       167       167       272       273  
 Total Preferred ($ millions)
    20       20       20       20       20  
 Total Equity ($ millions)
    196       181       188       205       208  
 NON-GAAP MEASURES
                                       
 Return on Average Common Equity – Operational (%)
    9.0       19.0       15.3       14.3       17.4  
 Return on Average Invested Capital – Operational (%)
    6.3       11.5       8.9       8.2       9.4  
 Net Debt to Net Capital Ratio (%)
    46.5       43.8       35.1       26.5       37.3  
                                         
                                         
                                         
 ENTERGY TEXAS, INC.
                                       
 As-Reported Net Income ($ millions)
    42.0       80.8       66.2       63.8       57.9  
 Less Special Items ($ millions)
    (5 )     -       -       -       -  
 Operational Net Income ($ millions)
    46.6       80.8       66.2       63.8       57.9  
 GAAP MEASURES
                                       
 Return on Average Common Equity – As-Reported (%)
    4.8       9.4       7.9       7.3       6.1  
 Return on Average Invested Capital – As-Reported (%)
    3.9       5.4       4.9       5.4       4.5  
 Cash Flow Interest Coverage (# times)
    3.9       3.6       1.4       3.7       1.1  
 Debt to Capital Ratio (%)
    65.4       65.1       66.8       66.3       59.9  
 Total Debt ($ millions)
    1,618       1,677       1,659       1,658       1,345  
 Total Preferred ($ millions)
    -       -       -       -       -  
 Total Equity ($ millions)
    854       899       824       844       900  
 NON-GAAP MEASURES
                                       
 Return on Average Common Equity – Operational (%)
    5.3       9.4       7.9       7.3       6.6  
 Return on Average Invested Capital – Operational (%)
    5.5       7.8       7.3       7.1       5.5  
 Total Debt, excluding securitization debt ($ millions)
    928       927       852       820       1,035  
 Total Equity, excluding equity infusion from parent
     returned beginning of 2008 ($ millions)
    854       899       824       844       900  
 Debt to Capital Ratio, excluding securitization debt and
     equity infusion from parent (%)
    52.2       50.8       50.8       49.3       53.5  
 Net Debt to Net Capital Ratio, excluding securitization debt
     and equity infusion from parent (%)
    50.4       48.9       49.8       42.3       53.4  
                                         
                                         
                                         


 
 

 

 UTILITY FINANCIAL RESULTS
                             
                               
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
                         
                               
   
2012
   
2011
   
2010
   
2009
   
2008
 
 SYSTEM ENERGY RESOURCES, INC.
                             
 As-Reported Net Income ($ millions)
    111.9       64.2       82.6       48.9       91.1  
 Less Special Items ($ millions)
    -       -       -       -       -  
 Operational Net Income ($ millions)
    111.9       64.2       82.6       48.9       91.1  
 GAAP MEASURES
                                       
 Return on Average Common Equity – As-Reported (%)
    13.7       8.0       10.1       5.8       10.6  
 Return on Average Invested Capital – As-Reported (%)
    8.4       5.6       6.8       4.4       7.1  
 Cash Flow Interest Coverage (# times)
    11.7       11.4       5.9       10.7       4.9  
 Debt to Capital Ratio (%)
    49.7       48.3       51.7       49.7       51.2  
 Total Debt ($ millions)
    824       747       869       820       899  
 Total Preferred ($ millions)
    -       -       -       -       -  
 Total Equity ($ millions)
    833       801       812       830       856  
 NON-GAAP MEASURES
                                       
 Return on Average Common Equity – Operational (%)
    13.7       8.0       10.1       5.8       10.6  
 Return on Average Invested Capital – Operational (%)
    8.4       5.6       6.8       4.4       7.1  
 Net Debt to Net Capital Ratio (%)
    47.1       41.2       42.7       40.1       48.2  
                                         
                                         
                                         

 
 

 
 
 
 UTILITY SECURITIES DETAIL
                     
 UTILITY LONG-TERM DEBT AND PREFERRED STOCK
               
                     
 ENTERGY ARKANSAS, INC.
                 
                     
 BONDS:
     
MATURITY
FIRST CALL
CURRENT OR
AS OF DECEMBER 31,
 CUSIP
 
TYPE*
RATE
DATE
DATE
FIRST CALL PRICE
 2012
 2011
 2010
                 
(in millions)
 29364DAN0
5.40% Series
M
5.4%
 08/13
 Now
 MW (T + .35%)
 $ 300
 $      300
 $      300
 472712ER5
4.6% Series – Jefferson County(c,d) 
 G(b) 
4.6%
2017
Now
100%
                55
                55
                55
 29364DAH3
5.0% Series
 M
5.0%
 07/18
 Now
100%
              115
              115
              115
 29364DAQ3
3.75% Series
M
3.75%
02/21
Now
 MW (T + .20%)
              350
              350
              350
 453424BP7
5.0% Series – Independence County(c,d)
 G(b) 
5.0%
2021
Now
100%
                45
                45
                45
 29364DAL4
5.66% Series
 M
5.66%
 02/25
 Now
 MW (T + .20%)
              175
              175
              175
 29364DAJ9
5.9% Series
 M
5.9%
 06/33
 Now
100%
              100
              100
              100
 29364DAK6
6.38% Series
 M
6.38%
 11/34
 Now
100%
                60
                60
                60
 29364D779
5.75% Series
M
5.75%
11/40
11/1/15
100%
              225
              225
              225
 29364D761
4.90% Series
M
4.9%
12/52
12/1/17
100%
              200
                  -
                  -
 
Total bonds
 
 
 
 
 
 
           1,625
           1,425
           1,425
 OTHER LONG-TERM DEBT:
                 
 
5.60% Series G – Variable Interest Entity Note Payable
5.60%
09/11
     
                  -
                  -
                35
 
9% Series H – Variable Interest Entity Note Payable
9.00%
06/13
     
                30
                30
                30
 
5.69% Series I – Variable Interest Entity Note Payable
5.69%
07/14
     
                70
                70
                70
 
3.23% Series J – Variable Interest Entity Note Payable
3.23%
07/16
     
                55
                55
                  -
 
2.62% Series K – Variable Interest Entity Note Payable
2.62%
12/17
     
                60
                  -
                  -
29365YAA1
2.30% Series Senior Secured – Securitization Bond
2.30%
08/21
     
              102
              114
              124
 
Long-Term United States Department of Energy Obligation(e) 
       
              181
              181
              181
 
Unamortized Premium and Discount – Net
           
                (1)
                (1)
                (1)
 
Other
           
                  2
                  2
                  -
TOTAL LONG-TERM DEBT(f)
           
           2,124
           1,876
           1,864
Less Amount Due Within One Year
           
              330
                  -
                35
Long-Term Debt Excluding Amount Due Within One Year
         
 $ 1,794
 $ 1,876
 $ 1,829
Fair Value of Long-Term Debt(a)
           
 $ 1,876
 $ 1,756
 $ 1,713
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
4.9%
5.0%
5.1%
 (a) The fair value excludes long-term DOE obligations of $181 million at Entergy Arkansas and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy
        and are based on prices derived from inputs such as benchmark yields and reported trades. See pgs. 182 - 190 of 2012 10-K for further detail.
 (b) Consists of pollution control revenue bonds and environmental revenue bonds.
 (c) The bonds are secured by a series of collateral first mortgage bonds.
 (d) The bonds were called in their entirety at par on 2/4/13.
 (e) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner / licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. The contracts include a one-time fee
       for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee,
       plus accrued interest, in long-term debt.
 (f) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
       utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates that
       debt securities in the following approximate aggregate amounts will be redeemed prior to or following the spin off and merger: $0.45 billion for Entergy Arkansas, $0.25 billion for Entergy Gulf States
       Louisiana $0.33 billion for Entergy Louisiana, $0.24 billion for Entergy Mississippi, $0.03 billion for Entergy New Orleans, and $0.64 billion for Entergy Texas. See pgs. 12 - 15 of 2012 10-K for further
       detail.
 
 Totals may not foot due to rounding.
                 
                     
       
 
           
     
 SHARES
         
 
   
                 AUTHORIZED AND OUTSTANDING
      CALL PRICE PER SHARE
 PREFERRED STOCK:
 
AS OF DECEMBER 31,
AS OF DECEMBER 31,
  AS OF DECEMBER 31,
 CUSIP
 
RATE
 2012
 2011
 2010
 2012
 2011
 2010
 
 2012
 
 Without sinking fund:
 
     
 
 (in millions)
 
 
 
 Cumulative, $100 par value:
 
     
 
 
 
 
 
 29364D209
4.32% Series
4.32%
          70,000
          70,000
          70,000
 $        7
 $        7
 $        7
 
 $103.65
 29364D506
4.72% Series
4.72%
          93,500
          93,500
          93,500
                  9
                  9
                  9
 
       107.00
 29364D308
4.56% Series
4.56%
          75,000
          75,000
          75,000
                  8
                  8
                  8
 
       102.83
 29364D407
4.56% 1965 Series
4.56%
          75,000
          75,000
          75,000
                  8
                  8
                  8
 
       102.50
 29364D605
6.08% Series
6.08%
        100,000
        100,000
        100,000
                10
                10
                10
 
       102.83
 
 Cumulative, $25 par value:
 
               
 29364D787
6.45% Series(a)
6.45%
     3,000,000
     3,000,000
     3,000,000
                75
                75
                75
 
       25
 
 Total without sinking fund (b)
 
     3,413,500
     3,413,500
     3,413,500
 $    116
 $    116
 $    116
   
 (a) Series is callable at par.
 (a) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
      Utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates
      that all of its outstanding preferred securities, if any, will be redeemed or otherwise retired prior to the spin off and merger. See pgs. 12 - 15 of 2012 10-K for further detail.
 Totals may not foot due to rounding.
                 
                     
                     
                     

 
 
 

 

 
 UTILITY LONG-TERM DEBT AND PREFERRED STOCK
                   
 ENTERGY GULF STATES LOUISIANA, L.L.C.
                 
                     
 BONDS:
 
 
 
MATURITY
FIRST CALL
CURRENT OR
 AS OF DECEMBER 31,
 CUSIP
 
 TYPE*
 RATE
 DATE
 DATE
FIRST CALL PRICE
 2012
 2011
 2010
 
 
 
 
 
 
 
   
 (in millions)
 128318BH4
 6.75% Series – Calcasieu Parish
 G(b,c) 
6.75%
2012
Now
100%
 
 $               -
 $               -
 $      26
 730816AF2
 6.7% Series – Pointe Coupee Parish
 G(b,c) 
6.7%
2013
Now
100%
 
                  -
                  -
                  9
 450877AJ4
 5.7% Series – Iberville Parish
 G(b,c) 
5.7%
2014
Now
100%
 
                  -
                  -
                12
 546398K23
 2.875% Series – Louisiana Public Facilities Authority
 G(c,d) 
2.875%
2015
Non-Call Life
 
                32
                32
                32
952789AZ8
 5.8% Series – West Feliciana Parish
 G(b,c) 
5.8%
2016
Now
100%
 
                  -
                11
                11
 29365PAN2
 6.00% Series
M
6.0%
 05/18
Now
 MW (T + .40%)
              375
              375
              375
 29365PAQ5
 3.95% Series
M
3.95%
10/20
Now
MW (T +. 25%)
              250
              250
              250
 29365PAP7
 5.59% Series
M
5.59%
10/24
Now
 MW (T + .40%)
              300
              300
              300
 546398J90
 5.0% Series – Louisiana Public Facilities Authority
 G(c,d) 
5.0%
2028
9/1/15
100%
 
                84
                84
                84
 29364LAL6
 6.2% Series
 M(b) 
6.2%
 07/33
Now
100%
 
              240
              240
              240
 29364LAT9
 6.18% Series
 M(b) 
6.18%
 03/35
Now
100%
 
                85
                85
                85
 
 Total bonds
           
           1,366
           1,377
           1,424
 OTHER LONG-TERM DEBT:
 
 
             
 
 5.41% Series O – Variable Interest Entity Note Payable
5.41%
07/12
     
                  -
                60
                60
 
 5.56% Series N – Variable Interest Entity Note Payable
5.56%
05/13
     
                75
                75
                75
 
 3.25% Series Q – Variable Interest Entity Note Payable
3.25%
07/17
     
                75
                  -
                  -
 
 Credit Facility – weighted average rate 2.25%
2.25%
07/13
     
                  -
                29
                24
 
 Unamortized Premium and Discount – Net
         
                (2)
                (2)
                (2)
 
 Other
           
                  4
                  4
                  4
TOTAL LONG-TERM DEBT(e)
           
           1,517
           1,542
           1,584
 Less Amount Due Within One Year
           
                75
                60
                  -
 Long-Term Debt Excluding Amount Due Within One Year
         
 $ 1,442
 $ 1,482
 $ 1,584
 Fair Value of Long-Term Debt(a) 
           
 $ 1,669
 $ 1,642
 $ 1,644
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
5.3%
5.4%
5.5%
 (a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 182 - 190 of 2012 10-K) and are based on prices derived from inputs such as
        benchmark yields and reported trades.
 (b) Entergy Gulf States Louisiana was primarily liable for all of the long-term debt issued by Entergy Gulf States, Inc. that was outstanding on December 31, 2007.  Under a debt assumption agreement with
       Entergy Gulf States Louisiana,  Entergy Texas assumed approximately 46% of this long-term debt. Entergy Gulf States Louisiana recorded an assumption asset on its balance sheet to reflect the long-term debt
       assumed by Entergy Texas.  By June 2010, Entergy Texas had repaid the outstanding assumed debt and the debt assumption agreement was terminated.
 (c) Consists of pollution control revenue bonds and environmental revenue bonds.
 (d) The bonds are secured by a series of collateral first mortgage bonds.
 (e) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
        prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
        utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates that
        debt securities in the following approximate aggregate amounts will be redeemed prior to or following the spin off and merger: $0.45 billion for Entergy Arkansas, $0.25 billion for Entergy Gulf States
        Louisiana $0.33 billion for Entergy Louisiana, $0.24 billion for Entergy Mississippi, $0.03 billion for Entergy New Orleans, and $0.64 billion for Entergy Texas. See pgs. 12 - 15 of 2012 10-K for further
        detail.
                   
 Totals may not foot due to rounding.
                 
                     
                     
     
SHARES / UNITS
       
CALL PRICE
 
 
 
          AUTHORIZED AND OUTSTANDING
      PER SHARE / UNIT
 PREFERRED MEMBERSHIP INTERESTS:
     AS OF DECEMBER 31,
 AS OF DECEMBER 31,
   AS OF DECEMBER 31,
 CUSIP
 
RATE
 2012
 2011
 2010
 2012
 2011
 2010
 
 2012
 
 Without sinking fund:
         
(in millions)
   
 
 Cumulative, $100 liquidation value:
                 
 29365P201
 8.25% Series(a)
8.25%
        100,000
        100,000
        100,000
 $      10
 $      10
 $      10
 
                  -
 
 Authorized 6,000,000 shares, $100 par value, cumulative
             
 
 Total without sinking fund (b)
 
        100,000
        100,000
        100,000
 $      10
 $      10
 $      10
   
 (a) Series is callable at par on and after December 15, 2015.
 (a) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
       Utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates
       that all of its outstanding preferred securities, if any, will be redeemed or otherwise retired prior to the spin off and merger. See pgs. 12 - 15 of 2012 10-K for further detail.
 Totals may not foot due to rounding.
                     
                     


 
 

 

 UTILITY LONG-TERM DEBT AND PREFERRED STOCK
                     
 ENTERGY LOUISIANA, LLC
                 
                     
 BONDS:
 
 
 
 MATURITY
 FIRST CALL
 CURRENT OR
 AS OF DECEMBER 31,
 CUSIP
 
 TYPE*
 RATE
 DATE
 DATE
 FIRST CALL PRICE
 2012
 2011
 2010
 
 
 
 
 
 
 
 
 
(in millions)
 29364WAJ7
6.50% Series
M
6.5%
09/18
 Now
 MW (T + .40%)
 $ 300
 $      300
 $      300
 29364WAN8
4.8% Series
M
4.8%
05/21
Now
 MW (T + .25%)
              200
              200
                  -
 29364WAK4
5.40% Series
 M
5.4%
11/24
 Now
 MW (T + .35%)
              400
              400
              400
 29364WAM0
4.44% Series
M
4.44%
01/26
Now
 MW (T + .30%)
              250
              250
              250
 546398J82
5.0% Series – Louisiana Public Facilities Authority
 G(b,c)
5.0%
2030
12/1/15
100%
              115
              115
              115
 29364WAB4
6.4% Series
 M
6.4%
10/34
 Now
100%
                70
                70
                70
 29364WAF5
6.3% Series
 M
6.3%
09/35
 Now
100%
              100
              100
              100
 29364W306
6.0% Series
M
6.0%
03/40
3/15/15
100%
              150
              150
              150
 29364W405
5.875% Series
M
5.875%
06/41
11/23/15
100%
              150
              150
              150
29364WAP3
1.875% Series
M
1.875%
12/14
Now
MW (T + .25%)
              250
                  -
                  -
29364W504
5.25% Series
M
5.25%
07/52
7/1/17
100%
              200
                  -
                  -
29364WAR9
3.30% Series
M
3.3%
12/22
Now
MW (T + .25%)
              200
                  -
                  -
 
Total bonds
 
 
 
 
 
 
           2,385
           1,735
           1,535
 OTHER LONG-TERM DEBT:
                 
 
 Waterford 3 Lease Obligation 7.45%
 
7.45%
       
              163
              188
              224
 
 Bank Credit Facility  –  weighted average rate 1.71%(e)
1.71%
       
                  -
                50
                  -
 
 5.69% Series E – Variable Interest Entity Note Payable
5.69%
07/14
     
                50
                50
                50
 
 3.30% Series F – Variable Interest Entity Note Payable
3.30%
03/16
     
                20
                20
                  -
 
 3.25% Series G – Variable Interest Entity Note Payable
3.25%
07/17
     
                25
                  -
                  -
 29366AAA2
 2.04% Series Senior Secured - Securitization Bond
2.04%
09/23
     
              182
              207
                  -
 
 Unamortized Premium and Discount – Net
         
                (2)
                (2)
                (2)
 
Other
           
                  4
                  4
                  -
TOTAL LONG-TERM DEBT(d)
           
           2,826
           2,252
           1,807
 Less Amount Due Within One Year
           
                14
                75
                36
 Long-Term Debt Excluding Amount Due Within One Year
         
 $ 2,812
 $ 2,177
 $ 1,772
 Fair Value of Long-Term Debt(a)
           
 $ 2,921
 $ 2,211
 $ 1,515
 *M = Mortgage Bond; G = Governmental Bond
           
 
 
 
 Weighted-average annualized coupon rate
           
4.9%
5.4%
5.9%
 (a) The fair value excludes lease obligations of $163 million at Entergy Louisiana and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 182 - 190 of
        2012 10-K) and are based on prices derived from inputs such as benchmark yields and reported trades.
 (b) Consists of pollution control revenue bonds and environmental revenue bonds.
 (c) The bonds are secured by a series of collateral first mortgage bonds.
 (d) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
        prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
        utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates that
        debt securities in the following approximate aggregate amounts will be redeemed prior to or following the spin off and merger: $0.45 billion for Entergy Arkansas, $0.25 billion for Entergy Gulf States
        Louisiana $0.33 billion for Entergy Louisiana, $0.24 billion for Entergy Mississippi, $0.03 billion for Entergy New Orleans, and $0.64 billion for Entergy Texas. See pgs. 12 - 15 of 2012 10-K for further
        detail.
 (e) The interest rate that applied to outstanding borrowings at the end of 2011 was 0.67%.
         
 Totals may not foot due to rounding.
                 
                     
                     
     
UNITS
         
 
 
 
                AUTHORIZED AND OUTSTANDING
      CALL PRICE PER UNIT
 PREFERRED MEMBERSHIP INTERESTS:
     AS OF DECEMBER 31,
 AS OF DECEMBER 31,
   AS OF DECEMBER 31,
 CUSIP
 
RATE
 2012
 2011
 2010
 2012
 2011
 2010
 
 2012
 
 Without sinking fund:
         
(in millions)
   
 
 Cumulative, $100 liquidation value:
                 
293649307
 6.95% Series(a)
6.95%
     1,000,000
     1,000,000
     1,000,000
 $    100
 $    100
 $    100
 
 $    100
 
 Total without sinking fund (b)
 
     1,000,000
     1,000,000
     1,000,000
 $    100
 $    100
 $    100
   
 (a) Series is callable at par.
 (a) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
      Utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates
      that all of its outstanding preferred securities, if any, will be redeemed or otherwise retired prior to the spin off and merger. See pgs. 12 - 15 of 2012 10-K for further detail.
 Totals may not foot due to rounding.
                 
                     


 
 

 

 UTILITY LONG-TERM DEBT AND PREFERRED STOCK
                   
 ENTERGY MISSISSIPPI, INC.
                 
                     
 BONDS:
 
 
 MATURITY
 FIRST CALL
 CURRENT OR
AS OF DECEMBER 31,
 CUSIP
 
 TYPE*
 RATE
 DATE
 DATE
 FIRST CALL PRICE
 2012
 2011
 2010
 
 
 
 
 
 
       (in millions)
 29364NAM0
4.65% Series
 M
4.65%
 05/11
 Now
 MW (T + .30%)
 $               -
 $               -
 $      80
 29364NAH1
5.15% Series
 M
5.15%
 02/13
 Now
 MW (T + .20%)
              100
              100
              100
 29364NAN8
5.92% Series
 M
5.92%
 02/16
 Now
 MW (T + .30%)
                  -
                  -
              100
 29364NAQ1
3.25% Series
M
3.25%
 06/16
Now
 MW (T + .25%)
              125
              125
                  -
 29364NAK4
4.95% Series
 M
4.95%
 06/18
 Now
100%
                95
                95
                95
 29364NAP3
6.64% Series
M
6.64%
 07/19
 Now
 MW (T + .50%)
              150
              150
              150
 605277AF9
4.60% Series – Mississippi Business Finance Corp.
 G(b,c) 
4.6%
2022
Now
100%
                16
                16
                16
 453424BS1
4.90% Series – Independence County(d)
 G(b,c) 
4.9%
2022
6/2/2013
102%
                30
                30
                30
 29364N876
6.0% Series
 M
6.0%
 11/32
 Now
100%
                75
                75
                75
 29364NAL2
6.25% Series
 M
6.25%
 04/34
 Now
 MW (T + .25%)
              100
              100
              100
 29364N843
6.20% Series
M
6.2%
04/40
4/15/15
100%
                80
                80
                80
 29364N835
6.00% Series
M
6.0%
05/51
5/1/16
100%
              150
              150
                  -
29364NAR9
3.10% Series
M
3.1%
07/23
Now
MW (T + .25 bps)
              250
                  -
                  -
 
Total bonds
           
           1,171
              921
              826
 OTHER LONG-TERM DEBT:
                 
 
Unamortized Premium and Discount – Net
       
                (2)
                (1)
                (1)
TOTAL LONG-TERM DEBT(e)
           
           1,170
              920
              825
 Less Amount Due Within One Year
           
              100
                  -
                80
 Long-Term Debt Excluding Amount Due Within One Year
       
 $    1,070
 $    920
 $    745
 Fair Value of Long-Term Debt(a) 
           
 $    1,231
 $    986
 $    802
 *M = Mortgage Bond; G = Governmental Bond
         
 
 
 
 Weighted-average annualized coupon rate
         
5.0%
5.5%
5.7%
 (a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 182 - 190 of 2012 10-K) and are based on prices derived from inputs such as
        benchmark yields and reported trades.
 (b) Consists of pollution control revenue bonds and environmental revenue bonds.
 (c) The bonds are secured by a series of collateral first mortgage bonds.
 (d) In April 2008, Entergy Mississippi repurchased its $30 million of Auction Rate Independence County Pollution Control Revenue Bonds due July 2022. In June 2008, Entergy Mississippi remarketed the
        series and fixed the interest rate to maturity at 4.90%.
 (e) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
        prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
        utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates that
        debt securities in the following approximate aggregate amounts will be redeemed prior to or following the spin off and merger: $0.45 billion for Entergy Arkansas, $0.25 billion for Entergy Gulf States
        Louisiana $0.33 billion for Entergy Louisiana, $0.24 billion for Entergy Mississippi, $0.03 billion for Entergy New Orleans, and $0.64 billion for Entergy Texas. See pgs. 12 - 15 of 2012 10-K for further
        detail.
 Totals may not foot due to rounding.
                 
                     
                     
     
 SHARES
         
     
                  AUTHORIZED AND OUTSTANDING
     CALL PRICE PER SHARE
 PREFERRED STOCK:
 
 AS OF DECEMBER 31,
 AS OF DECEMBER 31,
   AS OF DECEMBER 31,
 CUSIP
 
RATE
 2012
 2011
 2010
 2012
 2011
 2010
 
 2012
 
 
 
   
 
 
 (in millions)
 
 
 
 
 Without sinking fund:
 
   
 
 
 
 
 
 
 
 Cumulative, $100 par value:
 
   
 
 
 
 
 
 
 29364N207
4.36% Series
4.36%
          59,920
          59,920
          59,920
 $        6
 $        6
 $        6
 
 $103.88
 29364N306
4.56% Series
4.56%
          43,887
          43,887
          43,887
                  4
                  4
                  4
 
         107.00
 29364N405
4.92% Series
4.92%
        100,000
        100,000
        100,000
                10
                10
                10
 
         102.88
 
 Cumulative, $25 par value:
 
               
 29364N850
6.25% Series(a) 
6.25%
     1,200,000
     1,200,000
     1,200,000
                30
                30
                30
 
 $    25
 
 Total without sinking fund (b)
 
     1,403,807
     1,403,807
     1,403,807
 $      50
 $      50
 $      50
   
 (a) Series is callable at par.
 (b) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
      Utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates
      that all of its outstanding preferred securities, if any, will be redeemed or otherwise retired prior to the spin off and merger. See pgs. 12 - 15 of 2012 10-K for further detail.
 Totals may not foot due to rounding.
                 
                     
                     
                     
 ENTERGY NEW ORLEANS, INC.
                 
                     
 BONDS:
   
MATURITY
 FIRST CALL
 CURRENT OR
   AS OF DECEMBER 31,
 CUSIP
 
 TYPE*
 RATE
 DATE
 DATE
 FIRST CALL PRICE
 2012
 2011
 2010
 
 
 
 
 
 
   
 
(in millions)
 29364PAH6
 5.25% Series
 M
5.25%
 08/13
 Now
 MW (T + .25%)
                70
                70
                70
 29364PAM5
 5.10% Series
M
5.1%
12/20
Now
 MW (T + .35%)
                25
                25
                25
 29364PAK9
 5.6% Series
 M
5.6%
 09/24
Now
100%
                33
                33
                34
 29364PAJ2
 5.65% Series
 M
5.65%
 09/29
Now
100%
                38
                38
                39
 29364P509
 5.0% Series
M
5.0%
12/52
12/1/2017
100%
                30
                  -
                  -
 
 Total bonds
 
 
 
 
   
              196
              167
              167
 OTHER LONG-TERM DEBT:
                 
 
 Unamortized Premium and Discount – Net
       
                  -
                  -
                  -
TOTAL LONG-TERM DEBT(c)
           
              196
              167
              167
Less Amount Due Within One Year
           
                70
                  -
                  -
Long-Term Debt Excluding Amount Due Within One Year
       
 $    126
 $    167
 $    167
Fair Value of Long-Term Debt(a) 
           
 $    201
 $    169
 $    171
*M = Mortgage; G = Governmental
                 
Weighted-average annualized coupon rate
         
5.3%
5.4%
5.4%
 (a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 182 - 190 of 2012 10-K) and are based on prices derived from inputs such as
        benchmark yields and reported trades.
 (b) The affiliate note payable at Entergy New Orleans that was due May 2010 was classified as current notes payable - associated companies in 2009.
 (c) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
       utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates that
       debt securities in the following approximate aggregate amounts will be redeemed prior to or following the spin off and merger: $0.45 billion for Entergy Arkansas, $0.25 billion for Entergy Gulf States
       Louisiana $0.33 billion for Entergy Louisiana, $0.24 billion for Entergy Mississippi, $0.03 billion for Entergy New Orleans, and $0.64 billion for Entergy Texas. See pgs. 12 - 15 of 2012 10-K for further
       detail.
 Totals may not foot due to rounding.
                 
                     
                     
     
 SHARES
         
     
               AUTHORIZED AND OUTSTANDING
     CALL PRICE PER SHARE
 PREFERRED STOCK:
 
 AS OF DECEMBER 31,
 AS OF DECEMBER 31,
   AS OF DECEMBER 31,
 CUSIP
 
 RATE
 2012
 2011
 2010
 2012
 2011
 2010
 
 2012
 
 Without sinking fund:
 
   
 
 
 (in millions)
 
 
 
 Cumulative, $100 par value:
 
   
 
 
 
 
 
 
 29364P301
4.75% Series
4.75%
          77,798
          77,798
          77,798
 $        8
 $        8
 $        8
 
 $105.00
 29364P202
4.36% Series
4.36%
          60,000
          60,000
          60,000
                  6
                  6
                  6
 
         104.58
 29364P400
5.56% Series
5.56%
          60,000
          60,000
          60,000
                  6
                  6
                  6
 
         102.59
 
 Total without sinking fund (a)
 
        197,798
        197,798
        197,798
 $      20
 $      20
 $      20
   
 (a) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
       Utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates
       that all of its outstanding preferred securities, if any, will be redeemed or otherwise retired prior to the spin off and merger. See pgs. 12 - 15 of 2012 10-K for further detail.
 Totals may not foot due to rounding.
                 
                     


 
 

 

 UTILITY LONG-TERM DEBT AND PREFERRED STOCK
                   
 ENTERGY TEXAS, INC.
                 
                     
 BONDS:
     
 MATURITY
 FIRST CALL
 CURRENT OR
   AS OF DECEMBER 31,
 CUSIP
 
 TYPE*
 RATE
 DATE
 DATE
 FIRST CALL PRICE
 2012
 2011
 2010
 
 
 
 
 
 
   
 
 
 (in millions)
 29365TAB0
 3.60% Series
M
3.6%
 06/15
Now
 MW (T +. 25%)
 $      200
 $      200
 $      200
 29365TAA2
 7.125% Series
M
7.125%
 02/19
Now
 MW (T + .50%)
              500
              500
              500
 29365TAC8
 4.1% Series
M
4.1%
 09/21
Now
 MW (T + .35%)
                75
                75
                  -
 29365T203
 7.875% Series
M
7.875%
06/39
 06/14
100%
              150
              150
              150
 
 Total bonds
 
 
 
 
   
              925
              925
              850
 OTHER LONG-TERM DEBT:
                 
 29365QAA8
 5.51% Series Senior Secured, Series A - Securitization Bond
5.51%
 10/13
     
                  -
                18
                38
 29365QAB6
 5.79% Series Senior Secured, Series A - Securitization Bond
5.79%
 10/18
     
              119
              122
              122
 29365QAC4
 5.93% Series Senior Secured, Series A - Securitization Bond
5.93%
06/22
     
              114
              114
              114
 29365KAA1
 2.12% Series Senior Secured - Securitization Bond
2.12%
 02/16
     
                93
              132
              170
 29365KAB9
 3.65% Series Senior Secured - Securitization Bond
3.65%
 08/19
     
              145
              145
              145
 29365KAC7
 4.38% Series Senior Secured - Securitization Bond
4.38%
 11/23
     
              219
              219
              219
 
 Unamortized Premium and Discount – Net
         
                (3)
                (3)
                (3)
 
 Other
           
                  5
                  5
                  5
TOTAL LONG-TERM DEBT(d)
           
           1,618
           1,677
           1,659
 Less Amount Due Within One Year
           
                  -
                  -
                  -
 Long-Term Debt Excluding Amount Due Within One Year
         
 $ 1,618
 $ 1,677
 $ 1,659
 Fair Value of Long-Term Debt(a) 
           
 $ 1,886
 $ 1,906
 $ 1,822
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
5.5%
5.4%
5.4%
 (a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 182 - 190 of 2012 10-K) and are based on prices derived from inputs such as
        benchmark yields and reported trades.
 (b) Consists of pollution control revenue bonds and environmental revenue bonds.
 (c) Entergy Gulf States Louisiana was primarily liable for all of the long-term debt issued by Entergy Gulf States, Inc. that was outstanding on December 31, 2007.  Under a debt assumption agreement with  
       Entergy Gulf States Louisiana, Entergy Texas assumed approximately 46% of this long-term debt. Entergy Gulf States Louisiana recorded an assumption asset on its balance sheet to reflect the  
       long-term debt assumed by Entergy Texas.  By June 2010, Entergy Texas had repaid the outstanding assumed debt and the debt assumption agreement was terminated.
 (d) Pursuant to the planned spin-off and merger of Entergy's transmission business with ITC Holdings Corp., Entergy will issue approximately $1.775 billion of debt, with the proceeds being used for
       prepayment or redemption of outstanding preferred and debt securities at each Utility operating company.  Although the aggregate amount and particular series of preferred and debt securities of each
       utility operating company to be redeemed as well as the redemption dates are uncertain at this time and are expected to remain subject to change, each Utility operating company currently anticipates that
       debt securities in the following approximate aggregate amounts will be redeemed prior to or following the spin off and merger: $0.45 billion for Entergy Arkansas, $0.25 billion for Entergy Gulf States
       Louisiana $0.33 billion for Entergy Louisiana, $0.24 billion for Entergy Mississippi, $0.03 billion for Entergy New Orleans, and $0.64 billion for Entergy Texas. See pgs. 12 - 15 of 2012 10-K for further
       detail.
 Totals may not foot due to rounding.
                 
                     
                     
                     
 SYSTEM ENERGY RESOURCES, INC.
                 
                     
 BONDS:
     
 MATURITY
 FIRST CALL
 CURRENT OR
   AS OF DECEMBER 31,
 CUSIP
 
 TYPE*
 RATE
 DATE
 DATE
 FIRST CALL PRICE
 2012
 2011
 2010
 
 
 
 
 
 
   
 
 
 (in millions)
  871911AR4
 6.2% Series
 M
6.2%
 10/12
 Now
 MW (T + .35%)
 $               -
 $      70
 $      70
  605277AB8
 5.875% Series –  Mississippi Business Finance Corp.
 G(b) 
5.875%
2022
 Now
100%
              216
              216
              216
  605277AC6
 5.9% Series – Mississippi Business Finance Corp.
 G(b) 
5.9%
2022
 Now
100%
                  -
              103
              103
  179423AK4
 6.2% Series – Claiborne County
 G(b) 
6.2%
2026
 Now
100%
                  -
                50
                90
  871911AS2
 4.10% Series
M
4.1%
04/23
Now
MW (T + 0.40%)
              250
                  -
                  -
 
 Total bonds
 
 
 
 
   
              466
              439
              479
 OTHER LONG-TERM DEBT:
                 
 361561AA1
 Grand Gulf Lease Obligation 5.13%
 
5.13%
01/14
     
              139
              179
              222
 
 6.29% Series F – Variable Interest Entity Note Payable
6.29%
09/13
     
                70
                70
                70
 
 5.33% Series G – Variable Interest Entity Note Payable
5.33%
04/15
     
                60
                60
                60
 
 4.02% Series H – Variable Interest Entity Note Payable
4.02%
02/17
     
                50
                  -
                  -
 
 Unamortized Premium and Discount – Net
         
                (1)
                (1)
                (1)
 TOTAL LONG-TERM DEBT
           
              784
              747
              830
 Less Amount Due Within One Year
           
              112
              110
                34
 Long-Term Debt Excluding Amount Due Within One Year
         
 $    672
 $    637
 $    797
 Fair Value of Long-Term Debt(a) 
           
 $    665
 $    583
 $    612
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
5.2%
5.8%
5.7%
 (a) The fair value excludes lease obligations of $139 million at System Energy and includes debt due within one year.  Fair values are classified as Level 2 in the fair value hierarchy (see pgs. 182 - 190 of
        2012 10-K) and are based on prices derived from inputs such as benchmark yields and reported trades.
 (b) Consists of pollution control revenue bonds and environmental revenue bonds.
 Totals may not foot due to rounding.
               
                     
                     


 
 

 

 UTILITY STATISTICAL INFORMATION
         
 UTILITY TOTAL CAPABILITY
         
       
OWNED &
 
 
 OPERATED
 
LEASED
OPERATED
 As of December 31, 2012.
 PLANTS
 UNITS
 
(MW)(a)
(MW)
 Plants that use fuel type:
 
 
 
 
 
 Gas/Oil
                  28
                  68
 
           14,992
           15,330
 Coal
                    3
                    5
 
             2,254
             3,877
 Petroleum Coke
                    1
                    2
 
                   -
                200
 Total Fossil
                  32
                  75
 
           17,246
           19,407
 Hydro
                    3
                    7
 
                  74
                154
 Nuclear
                    4
                    5
 
             5,249
             5,392
 Total Capability
                  39
                  87
 
           22,569
           24,953
 All plants that have units with multiple fuel types are in the Gas & Oil plant count.
     
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions
        based on the primary fuel (assuming no curtailments) that each station was designed to utilize.  
           
           
 UTILITY SELECTED OPERATING DATA
         
 
 2012
 2011
 2010
 2009
 2008
SOURCES OF ENERGY (GWh)
       
 
 Net Generation:
       
 
 Gas & Oil
           31,011
           30,042
           26,637
           21,767
           24,552
 Coal
           13,320
           14,915
           15,616
           15,101
           15,648
 Nuclear
           37,714
           40,102
           42,339
           41,851
           37,994
 Hydro
                108
                160
                139
                233
                197
 Total Net Generation
           82,154
           85,219
           84,731
           78,952
           78,391
 Purchased Power:
         
 Affiliated Companies
                713
                803
                738
                741
                817
 Non-affiliated Companies
           32,982
           32,896
           33,155
           30,708
           32,582
 Total Purchased Power
           33,695
           33,699
           33,893
           31,449
           33,399
 Total Sources of Energy
         115,850
         118,918
         118,625
         110,401
         111,790
 USES OF ENERGY (GWh)
         
 Electric Energy Sales:
         
 Residential
           34,665
           36,684
           37,465
           33,626
           33,047
 Commercial
           28,724
           28,720
           28,831
           27,476
           27,340
 Industrial
           41,181
           40,810
           38,751
           35,638
           37,843
 Governmental
             2,434
             2,474
             2,463
             2,408
             2,379
 Total Retail
         107,004
         108,688
         107,510
           99,148
         100,609
 Sales for Resale
             3,200
             4,111
             4,372
             4,862
             5,401
 Unbilled Energy
                  15
              (131)
              (173)
                631
              (264)
 Total Electric Energy Sales
         110,219
         112,668
         111,709
         104,641
         105,746
 Line Losses and Company Usage
             5,631
             6,250
             6,916
             5,760
             6,044
 Total Uses of Energy
         115,850
         118,918
         118,625
         110,401
         111,790
 Peak Demand (MW)
       21,866
           22,387
           21,799
           21,009
           21,241
 Operational Summer Capacity at Peak (MW)
           23,407
           23,979
           24,310
           23,578
           24,844
 Annual System Load Factor (%)
                  60
                  60
                  62
                  60
                  59
 Retail Electric Sales Growth Rate (%)
               (1.5)
                 1.1
                 8.4
               (1.5)
               (1.4)
 Retail Electric Sales Weather-Adjusted Growth Rate (%)
                 1.9
                 2.0
                 4.3
               (1.5)
               (0.5)
 Regional Gross Domestic Product Rate (%)
                 2.9
                 2.7
                 9.1
               (4.2)
               (0.2)
 National Gross Domestic Product Rate (%)
                 2.2
                 1.7
                 2.4
               (3.1)
               (0.3)
 Average Fuel Cost (cents/KWh)
         
 Natural Gas
               3.15
               4.85
               5.39
               5.64
             10.28
 Nuclear Fuel
               0.85
               0.81
               0.78
               0.66
               0.60
 Coal
               2.60
               2.31
               2.00
               2.04
               2.06
 Fuel Oil
                   -
 -
 -
                   -
             19.45
 Purchased Power
               3.58
               4.59
               5.28
               5.29
               7.92
 Totals may not foot due to rounding.
         
           


 
 

 

UTILITY STATISTICAL INFORMATION
                                                       
                                                             
2012 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION
                               
                                                             
   
EAI
   
EGSL
   
ELL
   
EMI
   
ENOI
   
ETI
   
SERI
   
ELIMINATIONS
   
TOTAL
   
%
 
ELECTRIC OPERATING REVENUES ($ thousands)
   
 
   
 
   
 
               
 
             
 Residential
    765,564       388,725       687,043       453,707       174,108       553,107       -       -       3,022,254       38 %
 Commercial
    472,046       349,210       482,382       381,346       163,911       325,342       -       -       2,174,237       28 %
 Industrial
    439,467       391,776       731,215       140,460       31,374       299,441       -       -       2,033,733       26 %
 Governmental
    19,787       18,522       37,940       36,289       62,718       22,940       -       -       198,196       3 %
 Total Retail
    1,696,864       1,148,233       1,938,580       1,011,802       432,112       1,200,830       -       -       7,428,421       94 %
 Sales for Resale
    369,322       410,622       138,675       46,962       43,967       348,783       622,093       (1,801,599 )     178,826       2 %
 Other
    60,818       47,310       72,188       61,601       11,554       31,883       26       (21,978 )     263,402       3 %
 Total
    2,127,004       1,606,165       2,149,443       1,120,366       487,633       1,581,496       622,118       (1,823,577 )     7,870,649       100 %
                                                                                 
FUEL REVENUES (included in above revenues)
                                                                 
 Residential
    143,394       134,464       215,717       137,760       56,274       164,387       -       -       851,996       33 %
 Commercial
    109,845       135,686       151,733       122,805       61,972       128,204       -       -       710,247       28 %
 Industrial
    125,068       219,667       393,942       58,721       15,354       165,768       -       -       978,521       38 %
 Governmental
    4,651       5,850       11,925       10,210       24,768       8,070       -       -       65,474       3 %
 Total Retail
    382,958       495,667       773,317       329,496       158,368       466,429       -       -       2,606,237       100 %
                                                                                 
SOURCES OF ENERGY (GWh)
                                                                         
 Net Generation:
                                                                               
 Gas & Oil
    1,889       3,773       11,530       6,305       2,344       5,170       -       -       31,011       27 %
 Coal
    7,179       2,033       -       2,605       -       1,503       -       -       13,320       11 %
 Nuclear
    15,493       7,805       7,854       -       -       -       6,562       -       37,714       33 %
 Hydro
    108       -       -       -       -       -       -       -       108       0 %
 Total Net Generation
    24,669       13,611       19,384       8,910       2,344       6,673       6,562       -       82,154       71 %
 Purchased Power:
                                                                               
 Affiliated Companies
    2,940       7,357       8,163       4,415       3,385       5,754       -       (31,301 )     713       0 %
 Non-affiliated Companies
    4,130       7,936       7,653       1,393       448       11,423       -       -       32,982       28 %
 Total Purchased Power
    7,070       15,293       15,816       5,808       3,833       17,177       -       (31,301 )     33,695       29 %
 Total Sources of Energy
    31,739       28,904       35,200       14,718       6,177       23,850       6,562       (31,301 )     115,850       100 %
                                                                                 
 USES OF ENERGY (GWh)
                                                                               
 Electric Energy Sales:
                                                                               
 Residential
    7,859       5,176       8,703       5,550       1,772       5,604       -       -       34,665       32 %
 Commercial
    6,046       5,287       6,112       4,915       1,968       4,396       -       -       28,724       27 %
 Industrial
    6,925       8,890       16,416       2,400       484       6,066       -       -       41,181       38 %
 Governmental
    257       228       479       408       785       278       -       -       2,434       2 %
 Total Retail
    21,087       19,581       31,710       13,273       5,009       16,344       -       -       107,004       100 %
 Sales for Resale
    9,019       8,668       2,222       497       986       6,530       6,602       (31,325 )     3,200       -  
 Unbilled Energy
    13       11       32       24       (2 )     (64 )     -       -       15       -  
 Total Electric Energy Sales
    30,119       28,260       33,964       13,794       5,993       22,810       6,602       (31,325 )     110,219       -  
 Line Losses and Company Usage
    1,620       644       1,236       924       184       1,040       (40 )     24       5,631       -  
 Total Uses of Energy
    31,739       28,904       35,200       14,718       6,177       23,850       6,562       (31,301 )     115,850       -  
                                                                                 
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                                                 
 Residential
    9.74       7.51       7.89       8.17       9.82       9.87       -       -       8.72       -  
 Commercial
    7.81       6.61       7.89       7.76       8.33       7.40       -       -       7.57       -  
 Industrial
    6.35       4.41       4.45       5.85       6.48       4.94       -       -       4.94       -  
 Governmental
    7.70       8.12       7.92       8.91       7.99       8.25       -       -       8.14       -  
                                                                                 
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                                                 
(as of December 31, 2012)
                                                                         
 Residential
    583,882       331,735       583,975       368,660       146,706       364,997       -       -       2,379,955       86 %
 Commercial
    89,618       50,616       76,509       63,083       14,155       45,247       -       -       339,228       12 %
 Industrial
    21,295       3,379       6,914       3,598       2,112       4,932       -       -       42,230       2 %
 Governmental
    681       1,698       5,804       4,419       1,769       2,271       -       -       16,642       1 %
 Total Retail Customers
    695,476       387,428       673,202       439,760       164,742       417,447       -       -       2,778,055       100 %
Totals may not foot due to rounding.
                                                                         
                                                                                 
                                                                                 
                                                                                 

 

 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY ARKANSAS, INC.
                             
   
2012
   
2011
   
2010
   
2009
   
2008
 
ELECTRIC OPERATING REVENUES ($ thousands)
                         
 Residential
    765,564       755,807       773,012       768,500       755,780  
 Commercial
    472,046       449,756       441,387       474,543       462,599  
 Industrial
    439,467       421,384       414,791       433,321       461,486  
 Governmental
    19,787       19,711       19,524       21,731       21,043  
 Total Retail
    1,696,864       1,646,658       1,648,714       1,698,095       1,700,908  
 Sales for Resale
    369,322       375,127       379,894       452,424       572,350  
 Other
    60,818       62,525       53,839       60,743       55,091  
 Total Electric Operating Revenues
    2,127,004       2,084,310       2,082,447       2,211,263       2,328,349  
                                         
 FUEL REVENUES (included in above revenues)
                                       
 Residential
    143,394       147,763       91,412       127,137       142,415  
 Commercial
    109,845       110,070       65,809       95,959       111,657  
 Industrial
    125,068       126,854       75,939       104,226       135,772  
 Governmental
    4,651       4,965       2,976       4,416       5,129  
 Total Retail Fuel Revenues
    382,958       389,652       236,136       331,738       394,973  
                                         
 SOURCES OF ENERGY (GWh)
                                       
 Net Generation:
                                       
 Gas & Oil
    1,889       1,078       984       1,003       300  
 Coal
    7,179       7,636       8,233       7,955       8,273  
 Nuclear
    15,493       14,194       15,023       15,168       14,168  
 Hydro
    108       160       139       233       197  
 Total Net Generation
    24,669       23,068       24,379       24,359       22,938  
 Purchased Power:
                                       
 Affiliated Companies
    2,940       4,280       3,887       3,776       3,480  
 Non-affiliated Companies
    4,130       4,035       4,508       4,968       6,164  
 Total Purchased Power
    7,070       8,315       8,395       8,744       9,644  
 Total Sources of Energy
    31,739       31,383       32,774       33,103       32,582  
                                         
 USES OF ENERGY (GWh)
                                       
 Electric Energy Sales:
                                       
 Residential
    7,859       8,229       8,501       7,464       7,678  
 Commercial
    6,046       6,051       6,144       5,817       5,875  
 Industrial
    6,925       7,029       7,082       6,376       7,211  
 Governmental
    257       275       277       269       274  
 Total Retail
    21,087       21,584       22,004       19,926       21,038  
 Sales for Resale
    9,019       8,197       8,703       11,611       10,049  
 Unbilled Energy
    13       (49 )     (123 )     111       13  
 Total Electric Energy Sales
    30,119       29,732       30,584       31,648       31,100  
 Line Losses and Company Usage
    1,620       1,651       2,190       1,455       1,482  
 Total Uses of Energy
    31,739       31,383       32,774       33,103       32,582  
                                         
 AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
 Residential
    9.74       9.18       9.09       10.30       9.84  
 Commercial
    7.81       7.43       7.18       8.16       7.87  
 Industrial
    6.35       5.99       5.86       6.80       6.40  
 Governmental
    7.70       7.17       7.05       8.08       7.68  
                                         
 NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
 (as of December 31)
                                       
 Residential
    583,882       582,813       582,557       580,672       578,664  
 Commercial
    89,618       88,895       88,725       87,929       87,322  
 Industrial
    21,295       20,402       20,605       20,118       20,922  
 Governmental
    681       693       674       661       640  
 Total Retail Customers
    695,476       692,803       692,561       689,380       687,548  
 Totals may not foot due to rounding.
                                       
                                         
                                         

 
 

 

 UTILITY STATISTICAL INFORMATION
                             
 ENTERGY ARKANSAS, INC.
                       
                               
 GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2012
       
     OWNED &
 
     AVG BTU
           
 TOTAL
       
LEASED
   
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
 COMMERCIAL
    CAPABILITY
 
NET
SO2
NOx
CO2
Hg(b)
 
 GENERATION
 PER NET
 EXPENSE
 PLANT
UNIT
 OWNERSHIP
 OPERATION
(MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 Cecil Lynch
2
100%
1949
 -
Gas/Oil
Reserve
20,800
          -
          -
               -
              -
                        -
              2,567
         801.5
              2,058
 
3
100%
1954
110
Gas/Oil
Peaking
 
          -
21
3,235
              -
                        -
     
 Harvey Couch
1
100%
1943
 -
Gas/Oil
Retired
                  -
          -
          -
               -
              -
                        -
               (994)
    (1,810.5)
              1,800
 
2
100%
1954
123
Gas/Oil
Peaking
 
          -
          -
               -
              -
                        -
     
 Lake Catherine
1
100%
1950
47
Gas/Oil
Peaking
11,751
          -
          -
               -
              -
                        -
          612,801
           61.5
            37,665
 
2
100%
1950
45
Gas/Oil
Peaking
 
          -
2
170
              -
                        -
     
 
3
100%
1953
96
Gas/Oil
Peaking
 
          -
9
2,253
              -
                        -
     
 
4
100%
1970
533
Gas/Oil
Peaking
 
2
928
436,567
              -
                        -
     
 Hamilton Moses
1
100%
1951
 -
Gas/Oil
Reserve
                  -
          -
          -
               -
              -
                        -
                   -
                 -
                 315
 
2
100%
1951
 -
Gas/Oil
Reserve
          -
          -
               -
              -
                        -
     
 Mabelvale
1
100%
1970
14
Gas/Oil
Peaking
23,840
          -
          -
               -
              -
                        -
              1,534
         410.3
                 629
 
2
100%
1970
14
Gas/Oil
Peaking
 
          -
          -
               -
              -
                        -
     
 
3
100%
1970
14
Gas/Oil
Peaking
 
          -
          -
               -
              -
                        -
     
 
4
100%
1970
14
Gas/Oil
Peaking
 
          -
          -
               -
              -
                        -
     
 Robert Ritchie
1
100%
1961
0
Gas/Oil
Peaking
                  -
          -
          -
               -
              -
                        -
               (158)
         (44.5)
                     7
 
3
100%
1970
16
Gas/Oil
       Reserve
          -
          -
               -
              -
                        -
                   -
                 -
                 734
 Ouachita
1
100%
2002
255
Gas
Intermediate
7,462
1
34
263,822
              -
Dry LNB, SCR
       1,173,583
           29.8
            34,911
 
2
100%
2002
257
Gas
   Intermediate
1
33
210,654
              -
Dry LNB, SCR
   
 Hot Spring(e)
1
100%
2002
620
Gas
Intermediate
8,450
1
27
226,154
 
SCR
          100,246
           46.2
              4,631
 Independence
1
31.5%
1983
263
Coal
Base
10,390
5,113
1,690
1,828,494
94
OFA, ESP
       1,634,375
           27.4
            44,782
 White Bluff
1
57%
1980
465
Coal
Base
10,550
8,682
3,928
3,029,471
155
OFA, ESP
       5,544,874
           29.7
          164,471
 
2
57%
1981
481
Coal
Base
 
9,379
4,187
3,361,832
172
OFA, ESP
     
 Cecil Lynch
 Diesel
100%
1967
5
Oil
Peaking
-
          -
          -
               -
              -
 
                   -
                 -
                     1
 Carpenter
1
100%
1932
31
Hydro
Peaking
-
          -
          -
               -
              -
                        -
            80,907
           13.9
              1,121
 
2
100%
1932
31
Hydro
Peaking
 
          -
          -
               -
              -
                        -
     
 Remmel
1
100%
1925
4
Hydro
Peaking
-
          -
          -
               -
              -
                        -
            27,067
           42.0
              1,136
 
2
100%
1925
4
Hydro
Peaking
 
          -
          -
               -
              -
                        -
     
 
3
100%
1925
4
Hydro
Peaking
 
          -
          -
               -
              -
                        -
     
 Arkansas
 
 
 
 
 
 
                 
 Nuclear One
1
100%
1974
836
Nuclear PWR(d)
Base
10,316
          -
          -
               -
              -
                        -
     15,493,131
           20.8
          322,567
 
2
100%
1980
992
Nuclear PWR(d)
Base
 
          -
          -
               -
              -
                        -
     
 Total
     
5,274
               
     24,669,932
           25.0
          616,828
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel  
        (assuming no curtailments) that each station was designed to utilize.
 (b) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
 (d) PWR = Pressurized Water Reactor.
 (e) Hot Spring facility was acquired on Nov. 30, 2012.
 Calculations may differ due to rounding.  

 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY GULF STATES LOUISIANA, L.L.C.
                             
   
2012
   
2011
   
2010
   
2009
   
2008
 
 ELECTRIC OPERATING REVENUES ($ thousands)
                             
 Residential
    388,725       479,060       498,319       393,490       553,527  
 Commercial
    349,210       416,321       426,342       354,038       520,214  
 Industrial
    391,776       490,378       488,974       383,272       672,213  
 Governmental
    18,522       20,925       20,350       17,625       24,964  
 Total Retail
    1,148,233       1,406,684       1,433,985       1,148,425       1,770,918  
 Sales for Resale
    410,622       614,429       541,219       579,358       824,404  
 Other
    47,310       48,435       40,506       48,827       37,630  
 Total Electric Operating Revenues
    1,606,165       2,069,548       2,015,710       1,776,610       2,632,952  
                                         
 FUEL REVENUES (included in above revenues)
                                       
 Residential
    134,464       186,547       193,863       177,483       345,071  
 Commercial
    135,686       178,013       182,546       175,960       343,938  
 Industrial
    219,667       292,036       292,789       251,212       546,603  
 Governmental
    5,850       7,453       7,251       7,341       14,572  
 Total Retail Fuel Revenues
    495,667       664,049       676,449       611,996       1,250,184  
                                         
 SOURCES OF ENERGY (GWh)
                                       
 Net Generation:
                                       
 Gas & Oil
    3,773       3,547       2,533       1,705       1,951  
 Coal
    2,033       2,605       2,535       2,472       2,615  
 Nuclear
    7,805       7,686       8,363       7,836       6,334  
 Hydro
    -       -       -       -       -  
 Total Net Generation
    13,611       13,838       13,431       12,013       10,900  
 Purchased Power:
                                       
 Affiliated Companies
    7,357       6,446       7,021       6,768       7,725  
 Non-affiliated Companies
    7,936       10,007       10,437       9,720       9,607  
 Total Purchased Power
    15,293       16,453       17,458       16,488       17,332  
 Total Sources of Energy
    28,904       30,291       30,889       28,501       28,232  
                                         
 USES OF ENERGY (GWh)
                                       
 Electric Energy Sales:
                                       
   Residential
    5,176       5,383       5,538       5,090       4,888  
   Commercial
    5,287       5,239       5,274       5,058       4,973  
   Industrial
    8,890       9,041       8,801       7,601       8,416  
   Governmental
    228       222       210       213       215  
 Total Retail
    19,581       19,885       19,823       17,962       18,492  
 Sales for Resale
    8,668       9,608       10,221       9,630       9,014  
 Unbilled Energy
    11       (39 )     (51 )     149       (138 )
 Total Electric Energy Sales
    28,260       29,454       29,993       27,741       27,368  
 Line Losses and Company Usage
    644       837       896       760       864  
 Total Uses of Energy
    28,904       30,291       30,889       28,501       28,232  
                                         
 AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
 Residential
    7.51       8.90       9.00       7.73       11.32  
 Commercial
    6.61       7.95       8.08       7.00       10.46  
 Industrial
    4.41       5.42       5.56       5.04       7.99  
 Governmental
    8.12       9.43       9.69       8.27       11.61  
                                         
 NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
 (as of December 31)
                                       
 Residential
    331,735       328,718       326,497       324,285       320,745  
 Commercial
    50,616       50,277       49,886       49,319       48,636  
 Industrial
    3,379       3,278       3,265       3,436       3,761  
 Governmental
    1,698       1,615       1,627       1,652       1,666  
 Total Retail Customers
    387,428       383,888       381,275       378,692       374,808  
 Totals may not foot due to rounding.
                                       
                                         
                                         
                                         


 
 

 

 UTILITY STATISTICAL INFORMATION
                               
 ENTERGY GULF STATES LOUISIANA, L.L.C.
                   
                               
 GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2012
       
 OWNED &
 
AVG BTU
           
 TOTAL
       
 LEASED
 
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
COMMERCIAL
 CAPABILITY
 
NET
SO2
NOx
CO2
Hg(b)
 
 GENERATION
 PER NET
 EXPENSE
 PLANT
UNIT
 OWNERSHIP
 OPERATION
 (MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 LA Station 2 (d)
10
100%
1950
 -
Gas
Reserve
                 -
          -
            -
               -
          -
                                           -
                         -
                         -
                     323
 
11
100%
1950
-
Gas
Reserve
          -
            -
               -
          -
                                           -
 
 
 
 
12
100%
1953
-
Gas
Reserve
          -
            -
               -
          -
                                           -
 
 
 
 Willow Glen 
1
100%
1960
152
Gas/Oil
Peaking
11,480
          -
91
80,476
          -
                                           -
           1,558,594
                    41.8
                65,160
 
2
100%
1964
195
Gas/Oil
Peaking
 
          -
87
72,014
          -
                                           -
 
 
 
 
3
100%
1968
-
Gas
Reserve
          -
            -
               -
          -
ESP
 
 
 
 
4
100%
1973
470
Gas/Oil
Peaking
 
4
1,272
694,537
          -
                                           -
 
 
 
 
5
100%
1976
-
Gas/Oil
Reserve
          -
            -
               -
          -
                                           -
 
 
 
 Roy S. Nelson 
3
100%
1960
146
Gas/Oil
Intermediate
12,960
1
192
142,921
          -
                                           -
           1,476,427
                    40.0
                59,083
 
4
100%
1970
410
Gas/Oil
Intermediate
5
1,019
960,913
          -
                                           -
 
 
 
 Calcasieu
1
100%
2000
150
Gas
Peaking
11,430
0
57
63,205
          -
Dry LNB
              252,699
                    43.2
                10,922
 
2
100%
2001
160
Gas
Peaking
 
1
66
107,943
          -
Dry LNB
     
 Ouachita
3
100%
2002
258
Gas
Intermediate
7,380
3
99
673,383
          -
Dry LNB, SCR
              485,146
                    31.3
                15,182
 Roy S. Nelson 
6
40%
1982
217
Coal
Base
11,370
5,003
1,168
1,554,969
77
LNB w/ Sep OFA, ESP
           1,255,153
                    40.0
                50,152
 Big Cajun 2 
3
24%
1983
142
Coal
Base
10,410
2,865
676
911,683
47
LNB w/ OFA, ESP
              778,548
                    28.8
                22,433
 River Bend 
1
 100%(e) 
1986
975
Nuclear BWR(f)
Base
10,804
          -
            -
               -
          -
                                           -
           7,805,174
                    25.5
              198,984
 Total
     
3,275
               
         13,611,741
                    31.0
              422,238
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel  
       (assuming no curtailments) that each station was designed to utilize.
 (b) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
 (d) EGSL also owns and operates LA Station 1 units 1a, 2a, 3a and 4a; these units are under a long-term contract with an external 3rd party, which owns all of the output of these units.
 (e) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities.
 (f) BWR = Boiling Water Reactor.
 Calculations may differ due to rounding.  
                     


 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY LOUISIANA, LLC
                             
   
2012
   
2011
   
2010
   
2009
   
2008
 
 ELECTRIC OPERATING REVENUES ($ thousands)
                             
 Residential
    687,043       829,663       840,011       669,084       967,445  
 Commercial
    482,382       549,142       543,308       456,274       659,880  
 Industrial
    731,215       867,491       817,454       664,377       1,061,887  
 Governmental
    37,940       41,900       42,124       35,760       51,064  
 Total Retail
    1,938,580       2,288,196       2,242,897       1,825,495       2,740,276  
 Sales for Resale
    138,675       145,009       225,011       256,596       261,218  
 Other
    72,188       75,710       70,858       101,495       49,800  
 Total Electric Operating Revenues
    2,149,443       2,508,915       2,538,766       2,183,586       3,051,294  
                                         
 FUEL REVENUES (included in above revenues)
                                       
 Residential
    215,717       332,827       360,847       287,909       530,363  
 Commercial
    151,733       218,649       231,104       194,759       358,257  
 Industrial
    393,942       535,592       523,895       435,112       780,147  
 Governmental
    11,925       16,595       18,067       15,388       27,782  
 Total Retail Fuel Revenues
    773,317       1,103,663       1,133,913       933,168       1,696,549  
                                         
 SOURCES OF ENERGY (GWh)
                                       
 Net Generation:
                                       
 Gas & Oil
    11,530       10,506       9,429       7,090       8,930  
 Coal
    -       -       -       -       -  
 Nuclear
    7,854       8,929       10,276       8,949       9,037  
 Hydro
    -       -       -       -       -  
 Total Net Generation
    19,384       19,435       19,705       16,039       17,967  
 Purchased Power:
                                       
 Affiliated Companies
    8,163       7,484       5,783       7,818       5,996  
 Non-affiliated Companies
    7,653       8,682       9,614       7,644       7,511  
 Total Purchased Power
    15,816       16,166       15,397       15,462       13,507  
 Total Sources of Energy
    35,200       35,601       35,102       31,501       31,474  
                                         
 USES OF ENERGY (GWh)
                                       
 Electric Energy Sales:
                                       
 Residential
    8,703       9,303       9,533       8,684       8,487  
 Commercial
    6,112       6,155       6,164       5,867       5,784  
 Industrial
    16,416       15,813       14,473       13,386       13,162  
 Governmental
    479       473       479       459       459  
 Total Retail
    31,710       31,744       30,649       28,396       27,892  
 Sales for Resale
    2,222       2,330       2,961       1,621       2,233  
 Unbilled Energy
    32       38       27       164       (118 )
 Total Electric Energy Sales
    33,964       34,112       33,637       30,181       30,007  
 Line Losses and Company Usage
    1,236       1,489       1,465       1,320       1,467  
 Total Uses of Energy
    35,200       35,601       35,102       31,501       31,474  
                                         
 AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
 Residential
    7.89       8.92       8.81       7.70       11.40  
 Commercial
    7.89       8.92       8.81       7.78       11.41  
 Industrial
    4.45       5.49       5.65       4.96       8.07  
 Governmental
    7.92       8.86       8.79       7.79       11.13  
                                         
 NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
 (as of December 31)
                                       
 Residential
    583,975       580,627       578,466       575,388       571,301  
 Commercial
    76,509       76,130       75,493       74,608       73,617  
 Industrial
    6,914       6,908       6,971       7,247       7,592  
 Governmental
    5,804       5,767       5,704       5,539       5,387  
 Total Retail Customers
    673,202       669,432       666,634       662,782       657,897  
 Totals may not foot due to rounding.
                                       
                                         


 
 

 

 UTILITY STATISTICAL INFORMATION
                               
 ENTERGY LOUISIANA, LLC
                       
                               
 GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2012
       
    OWNED &
 
       AVG BTU
           
 TOTAL
       
 LEASED
   
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
 COMMERCIAL
   CAPABILITY
 
NET
SO2
NOx
CO2
Hg(b)
 GENERATION
 PER NET
 EXPENSE
PLANT
 UNIT
 OWNERSHIP
 OPERATION
 (MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 Acadia
2
100%
2002
578
Gas
Intermediate
7,400
5
81
960,270
    -
SCR
           2,256,926
                    27.8
                62,796
 Buras
8
100%
1971
12
Gas/Oil
Peaking
55,560
       -
        -
                 -
    -
                        -
                     645
               1,767.2
                  1,140
 Little Gypsy
1
100%
1961
238
Gas/Oil
Intermediate
11,700
1
286
186,369
    -
                        -
           1,887,227
                    42.9
                81,031
 
2
100%
1966
410
Gas/Oil
Intermediate
4
178
242,706
    -
                        -
     
 
3
100%
1969
511
Gas/Oil
Intermediate
5
3,251
899,743
    -
                        -
     
 Monroe
10
100%
1961
-
Gas
Retired
                  -
       -
        -
                 -
    -
                        -
                       -
                         -
                       -
 
11
100%
1965
-
Gas
Retired
 
       -
        -
                 -
    -
                        -
     
 
12
100%
1968
-
Gas
Retired
 
       -
        -
                 -
    -
                        -
     
 Ninemile Point
1
100%
1951
-
Gas/Oil
Retired
11,430
       -
6
2,331
    -
                        -
           4,179,216
                    42.7
              178,580
 
2
100%
1953
-
Gas/Oil
Retired
 
       -
        -
                 -
    -
                        -
     
 
3
100%
1955
125
Gas/Oil
Intermediate
1
409
126,642
    -
                        -
     
 
4
100%
1971
500
Gas/Oil
Intermediate
7
2,250
1,306,867
    -
                        -
     
 
5
100%
1973
740
Gas/Oil
Intermediate
7
3,271
1,453,356
    -
                        -
     
 Perryville
1
100%
2002
535
Gas
Intermediate
7,220
6
139
1,127,723
    -
Dry LNB, SCR
           2,486,549
                    28.7
                71,450
 
2
100%
2001
156
Gas
Peaking
 
       -
3
11,207
    -
Dry LNB
     
 Sterlington
6
100%
1958
-
Gas/Oil
Retired(e)
23,260
       -
        -
                 -
    -
                        -
                  2,946
                  588.1
                  1,733
 
7
100%
1974
174
Gas/Oil
Peaking
 
       -
18
4,789
    -
                        -
     
 Waterford
1
100%
1975
411
Gas/Oil
Intermediate
12,280
9
115
107,881
    -
                        -
              716,008
                    65.7
                47,026
 
2
100%
1975
411
Gas/Oil
Intermediate
2
390
464,868
    -
                        -
     
 
4
100%
2009
31
Oil
Peaking
                  -
       -
1
1,485
    -
Steam Injection
                       -
                       -
                       -
 Waterford
3
100%
1985
1,159
Nuclear PWR(d)
Base
10,880
       -
        -
                 -
    -
                        -
           7,853,958
                    24.6
              192,831
 Total
     
5,991
               
         19,383,475
                    32.8
              636,586
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel  
        (assuming no curtailments) that each station was designed to utilize.
 (b) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
 (d) PWR = Pressurized Water Reactor.
 (e) Sterlington Unit 6 was officially retired on Aug. 1, 2012.
 Calculations may differ due to rounding.  
                   
                               
 

 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY MISSISSIPPI, INC.
                             
   
2012
   
2011
   
2010
   
2009
   
2008
 
ELECTRIC OPERATING REVENUES ($ thousands)
                         
 Residential
    453,707       490,088       508,571       466,632       555,913  
 Commercial
    381,346       401,276       405,577       395,444       481,878  
 Industrial
    140,460       145,792       144,581       146,608       199,453  
 Governmental
    36,289       37,302       37,754       37,740       44,336  
 Total Retail
    1,011,802       1,074,458       1,096,483       1,046,424       1,281,580  
 Sales for Resale
    46,962       131,334       87,670       79,408       131,270  
 Other
    61,601       60,678       48,769       54,275       51,849  
 Total Electric Operating Revenues
    1,120,366       1,266,470       1,232,922       1,180,107       1,464,699  
                                         
 FUEL REVENUES (included in above revenues)
                                       
 Residential
    137,760       181,581       177,354       179,338       281,916  
 Commercial
    122,805       154,748       145,950       158,937       252,867  
 Industrial
    58,721       69,808       63,696       70,679       121,026  
 Governmental
    10,210       12,861       12,031       13,614       21,352  
 Total Retail Fuel Revenues
    329,496       418,998       399,031       422,568       677,161  
                                         
 SOURCES OF ENERGY (GWh)
                                       
 Net Generation:
                                       
 Gas & Oil
    6,305       5,978       5,469       3,583       5,257  
 Coal
    2,605       2,749       2,974       2,847       2,827  
 Nuclear
    -       -       -       -       -  
 Hydro
    -       -       -       -       -  
 Total Net Generation
    8,910       8,727       8,443       6,430       8,084  
 Purchased Power:
                                       
 Affiliated Companies
    4,415       5,080       5,467       6,127       4,903  
 Non-affiliated Companies
    1,393       1,524       1,607       1,752       2,083  
 Total Purchased Power
    5,808       6,604       7,074       7,879       6,986  
 Total Sources of Energy
    14,718       15,331       15,517       14,309       15,070  
                                         
 USES OF ENERGY (GWh)
                                       
 Electric Energy Sales:
                                       
 Residential
    5,550       5,848       6,077       5,358       5,354  
 Commercial
    4,915       4,985       5,000       4,756       4,841  
 Industrial
    2,400       2,326       2,250       2,178       2,565  
 Governmental
    408       415       416       405       411  
 Total Retail
    13,273       13,574       13,743       12,697       13,171  
 Sales for Resale
    497       763       670       528       935  
 Unbilled Energy
    24       (69 )     (18 )     74       23  
 Total Electric Energy Sales
    13,794       14,268       14,395       13,299       14,129  
 Line Losses and Company Usage
    924       1,063       1,122       1,010       941  
 Total Uses of Energy
    14,718       15,331       15,517       14,309       15,070  
                                         
 AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
 Residential
    8.17       8.38       8.37       8.71       10.38  
 Commercial
    7.76       8.05       8.11       8.31       9.95  
 Industrial
    5.85       6.27       6.43       6.73       7.78  
 Governmental
    8.91       8.99       9.08       9.32       10.79  
                                         
 NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
 (as of December 31)
                                       
 Residential
    368,660       366,697       366,722       365,804       362,649  
 Commercial
    63,083       62,762       62,858       62,613       62,556  
 Industrial
    3,598       3,488       3,450       2,749       2,827  
 Governmental
    4,419       4,358       4,322       4,259       4,208  
 Total Retail Customers
    439,760       437,305       437,352       435,425       432,240  
 Totals may not foot due to rounding.
                                       
                                         
                                         


 
 

 

 UTILITY STATISTICAL INFORMATION
                             
 ENTERGY MISSISSIPPI, INC.
                       
                               
 GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2012
       
 OWNED &
 
AVG BTU
           
 TOTAL
       
 LEASED
   
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
 COMMERCIAL
 CAPABILITY
 
NET
SO2
NOx
CO2
Hg(b)
 
 GENERATION
 PER NET
 EXPENSE
 PLANT
 UNIT
 OWNERSHIP
 OPERATION
 (MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 Attala
1
100%
2001
455
Gas
Intermediate
7,290
4
58
719,245
          -
Dry LNB, SCR
           1,931,407
                    30.6
                59,095
 Hinds(d)
1
100%
2001
450
Gas
Intermediate
7,590
2
28
322,620
          -
 SCR
                74,050
                    31.4
                  2,325
 Baxter Wilson
1
100%
1967
500
Gas/Oil
Intermediate
12,060
6
2,611
1,109,591
          -
                        -
           2,739,943
                    39.1
              107,114
 
2
100%
1971
676
Gas/Oil
Intermediate
4
1,990
763,851
          -
Combus Mod /
Fuel Reburn
 
 Delta
1
100%
1953
-
Gas/Oil
Retired(e)
                  -
          -
          -
               -
          -
                        -
                     (39)
           (35,160.7)
                  1,371
 
2
100%
1953
-
Gas/Oil
Retired(e)
          -
          -
               -
          -
                        -
     
 Gerald Andrus
1
100%
1975
712
Gas/Oil
Intermediate
10,950
5
1,520
889,524
          -
OFA
           1,398,897
                    34.0
                47,517
 Natchez
1
100%
1951
-
Gas/Oil
Retired
                  -
          -
          -
               -
          -
                        -
                       -
                         -
                         -
 Rex Brown
1
100%
1948
-
Gas
Retired
15,600
          -
          -
               -
          -
                        -
              161,131
                    76.4
                12,315
 
3
100%
1951
70
Gas/Oil
Peaking
 
          -
23
17,568
          -
                        -
     
 
4
100%
1959
209
Gas/Oil
Intermediate
1
438
170,542
          -
                        -
     
 
5
100%
1968
10
 Oil
Peaking
 
          -
          -
               -
          -
                        -
     
 Independence
1
25%
1983
209
 Coal
Base
10,320
4,058
1,341
1,451,186
74
OFA, ESP
           2,604,804
                    28.8
                74,973
 
2
25%
1984
211
Coal
Base
 
4,185
1,426
1,499,020
77
OFA, ESP
     
 Total
     
3,502
               
           8,910,193
                    34.2
              304,710
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel  
       (assuming no curtailments) that each station was designed to utilize.
 (b) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
 (d) Hinds facility was acquired on Nov. 30, 2012.
 (e) Delta Units 1 and 2 were officially retired on Dec. 31, 2012.
 Calculations may differ due to rounding.  
                   
                               
                               


 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY NEW ORLEANS, INC.
                             
   
2012
   
2011
   
2010
   
2009
   
2008
 
 ELECTRIC OPERATING REVENUES ($ thousands)
                             
 Residential
    174,108       175,994       196,391       167,794       171,584  
 Commercial
    163,911       153,824       173,536       166,454       193,552  
 Industrial
    31,374       29,800       35,826       37,225       48,378  
 Governmental
    62,718       59,840       70,146       69,306       79,973  
 Total Retail
    432,112       419,458       475,899       440,779       493,487  
 Sales for Resale
    43,967       95,704       56,500       88,010       162,769  
 Other
    11,554       14,066       10,703       7,196       16,684  
 Total Electric Operating Revenues
    487,633       529,228       543,102       535,985       672,940  
                                         
 FUEL REVENUES (included in above revenues)
                                       
 Residential
    56,274       59,406       65,146       62,017       92,401  
 Commercial
    61,972       60,829       66,088       72,121       117,282  
 Industrial
    15,354       15,310       17,253       19,103       32,171  
 Governmental
    24,768       24,790       28,073       31,866       50,803  
 Total Retail Fuel Revenues
    158,368       160,335       176,560       185,107       292,657  
                                         
 SOURCES OF ENERGY (GWh)
                                       
 Net Generation:
                                       
 Gas & Oil
    2,344       2,412       1,867       2,202       2,068  
 Coal
    -       -       -       -       -  
 Nuclear
    -       -       -       -       -  
 Hydro
    -       -       -       -       -  
 Total Net Generation
    2,344       2,412       1,867       2,202       2,068  
 Purchased Power:
                                       
 Affiliated Companies
    3,385       3,650       3,839       3,760       3,391  
 Non-affiliated Companies
    448       489       511       590       687  
 Total Purchased Power
    3,833       4,139       4,350       4,350       4,078  
 Total Sources of Energy
    6,177       6,551       6,217       6,552       6,146  
                                         
 USES OF ENERGY (GWh)
                                       
 Electric Energy Sales:
                                       
 Residential
    1,772       1,888       1,858       1,577       1,394  
 Commercial
    1,968       1,939       1,899       1,813       1,774  
 Industrial
    484       498       503       526       541  
 Governmental
    785       795       809       805       774  
 Total Retail
    5,009       5,120       5,069       4,721       4,483  
 Sales for Resale
    986       1,186       919       1,543       1,361  
 Unbilled Energy
    (2 )     (1 )     (18 )     29       20  
 Total Electric Energy Sales
    5,993       6,305       5,970       6,293       5,864  
 Line Losses and Company Usage
    184       246       247       259       282  
 Total Uses of Energy
    6,177       6,551       6,217       6,552       6,146  
                                         
 AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
 Residential
    9.82       9.32       10.57       10.64       12.31  
 Commercial
    8.33       7.93       9.14       9.18       10.91  
 Industrial
    6.48       5.98       7.12       7.08       8.94  
 Governmental
    7.99       7.53       8.67       8.61       10.33  
                                         
 NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
 (as of December 31)
                                       
 Residential
    146,706       142,680       138,659       132,602       124,432  
 Commercial
    14,155       13,920       14,079       13,064       12,622  
 Industrial
    2,112       2,288       2,277       2,311       2,514  
 Governmental
    1,769       1,738       2,079       1,747       1,381  
 Total Retail Customers
    164,742       160,626       157,094       149,724       140,949  
 Totals may not foot due to rounding.
                                       
                                         


 
 

 

 UTILITY STATISTICAL INFORMATION
                             
 ENTERGY NEW ORLEANS, INC.
                       
                               
 GENERATION PORTFOLIO
                         
             
PLANT
         
TOTAL PLANT – 2012
       
      OWNED &
 
      AVG BTU
           
 TOTAL
       
 LEASED
   
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
 COMMERCIAL
    CAPABILITY
 
NET
SO2
NOx
CO2
   Hg(b)
 GENERATION
 PER NET
 EXPENSE
 PLANT
 UNIT
OWNERSHIP
 OPERATION
 (MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 A. B. Paterson
3
100%
1950
-
 Gas/Oil
Retired
                  -
            -
            -
            -
    -
                        -
                   -
               -
                    -
 
4
100%
1954
-
 Gas/Oil
Retired
 
            -
            -
            -
    -
                        -
 
 
 
 Michoud
1
100%
1957
-
 Gas/Oil
Retired
11,550
            -
            -
310
    -
                        -
       2,343,870
           42.3
            99,211
 
2
100%
1963
235
 Gas/Oil
Intermediate
1
482
282,892
    -
                        -
 
 
 
 
3
100%
1967
470
 Gas/Oil
Intermediate
7
1,517
1,292,723
    -
Combus Mod / Fuel Reburn
 
 
 
 A. B. Paterson
5
100%
1967
-
 Oil
Retired
                  -
            -
            -
            -
    -
                        -
                   -
               -
                    -
 Total
     
705
               
       2,343,870
           42.3
            99,211
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel  
        (assuming no curtailments) that each station was designed to utilize.
 (b) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
                               
                               
 Calculations may differ due to rounding.  
                       
                               
                               
 
 
 SYSTEM ENERGY RESOURCES, INC.
                   
                           
         
 2012
 2011
 2010
 2009
 2008
       
 ELECTRIC OPERATING REVENUES ($ thousands)
            622,118
      563,411
         558,584
  554,007
  528,998
       
                           
 SOURCES OF ENERGY (GWh)
                   
 Net Generation:
                       
 Gas & Oil
       
                        -
                 -
                    -
              -
              -
       
 Coal
       
                        -
                 -
                    -
              -
              -
       
 Nuclear
       
                6,562
          9,293
             8,677
      9,898
      8,455
       
 Hydro
       
                        -
                 -
                    -
            -
            -
       
 Total Net Generation
   
                6,562
          9,293
             8,677
      9,898
      8,455
       
 Purchased Power
     
                        -
                 -
                    -
              -
              -
       
 Total Sources of Energy
   
                6,562
          9,293
             8,677
      9,898
      8,455
       
                           
 USES OF ENERGY (GWh)
                     
 Electric Energy Sales
   
                6,602
          9,293
             8,692
      9,898
      8,475
       
 Unbilled Energy
     
                        -
                 -
                    -
              -
              -
       
 Line Losses and Company Usage
 
                   (40)
                 -
                (15)
              -
         (20)
       
 Total Uses of Energy
   
                6,562
          9,293
             8,677
      9,898
      8,455
       
 Totals may not foot due to rounding.
                   
                           
 
 
                               
 SYSTEM ENERGY RESOURCES, INC.
                       
 
 
 
                         
 GENERATION PORTFOLIO
                         
             
PLANT
         
TOTAL PLANT – 2012
       
      OWNED &
 
      AVG BTU
           
 TOTAL
       
 LEASED
   
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
 COMMERCIAL
     CAPABILITY
 
NET
SO2
NOx
CO2
Hg
 
 GENERATION
 PER NET
 EXPENSE
 PLANT
 UNIT
 OWNERSHIP
 OPERATION
 (MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY
 (MWH)
 MWH
($000)
 Grand Gulf
1
90%
1985
1,287
 Nuclear BWR(d)
Base
10,652
            -
            -
            -
    -
                        -
       6,602,326
           29.3
          193,222
 Total
     
1,287
               
       6,602,326
           29.3
          193,222
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments)
        that each station was designed to utilize. Reflects estimate of the rerate for recovered performance (~ 55 MW) and uprate (~ 178 MW) completed in 2012. Approved Summer 2013 rating is 1,277 MW.
 (b) BWR = Boiling Water Reactor.
 Calculations may differ due to rounding.  
                   
                               
                               
                               


 
 

 

 UTILITY STATISTICAL INFORMATION
         
           
 ENTERGY TEXAS, INC.
         
 
2012
2011
 2010
 2009
 2008
 ELECTRIC OPERATING REVENUES ($ thousands)
         
 Residential
         553,107
         638,161
         558,733
         533,146
         606,133
 Commercial
         325,342
         368,614
         320,935
         336,876
         416,798
 Industrial
         299,441
         351,731
         305,455
         332,303
         489,165
 Governmental
           22,940
           25,955
           22,527
           22,797
           26,872
 Total Retail
      1,200,830
      1,384,461
      1,207,650
      1,225,122
      1,538,968
 Sales for Resale
         348,783
         336,555
         449,233
         303,682
         441,314
 Other
           31,883
           36,183
           33,548
           35,019
           31,976
 Total Electric Operating Revenues
      1,581,496
      1,757,199
      1,690,431
      1,563,823
      2,012,258
           
 FUEL REVENUES (included in above revenues)
       
 
 Residential
         164,387
         231,058
         228,693
         250,230
         328,397
 Commercial
         128,204
         166,223
         164,098
         186,662
         255,759
 Industrial
         165,768
         214,474
         210,357
         229,164
         363,208
 Governmental
             8,070
           10,836
           10,333
           11,479
           15,446
 Total Retail Fuel Revenues
         466,429
         622,591
         613,481
         677,535
         962,810
           
 SOURCES OF ENERGY (GWh)
       
 
 Net Generation:
       
 
 Gas & Oil
         5,170
             6,521
             6,355
             6,184
             6,046
 Coal
         1,503
             1,925
             1,874
             1,827
             1,933
 Nuclear
                   -
                   -
                   -
                   -
                   -
 Hydro
                   -
                   -
                   -
                   -
                   -
 Total Net Generation
             6,673
             8,446
             8,229
             8,011
             7,979
 Purchased Power:
         
 Affiliated Companies
         5,754
             6,546
             7,537
             6,349
             5,696
 Non-affiliated Companies
       11,423
             8,159
             6,478
             6,034
             6,530
 Total Purchased Power
           17,177
           14,705
           14,016
           12,383
           12,226
 Total Sources of Energy
           23,850
           23,151
           22,245
           20,394
           20,205
           
 USES OF ENERGY (GWh)
       
 
 Electric Energy Sales:
       
 
   Residential
         5,604
             6,034
             5,958
             5,453
             5,245
   Commercial
         4,396
             4,433
             4,271
             4,165
             4,092
   Industrial
         6,066
             6,102
             5,642
             5,570
             5,948
   Governmental
            278
                294
                271
                258
                248
 Total Retail
           16,344
           16,863
           16,142
           15,446
           15,533
 Sales for Resale
             6,530
             5,416
             5,058
             3,861
             3,858
 Unbilled Energy
                (64)
                (11)
                  10
                104
                (64)
 Total Electric Energy Sales
           22,810
           22,268
           21,210
           19,411
           19,327
 Line Losses and Company Usage
             1,040
                883
             1,035
                983
                878
 Total Uses of Energy
           23,850
           23,151
           22,245
           20,394
           20,205
           
 AVERAGE ELECTRIC REVENUE (cents/KWh)
         
 Residential
               9.87
             10.58
               9.38
               9.78
             11.56
 Commercial
               7.40
               8.32
               7.51
               8.09
             10.19
 Industrial
               4.94
               5.76
               5.41
               5.97
               8.22
 Governmental
               8.25
               8.83
               8.31
               8.84
             10.84
           
 NUMBER OF RETAIL ELECTRIC CUSTOMERS
       
 
 (as of December 31)
       
 
 Residential
         364,997
         360,909
         356,999
         352,682
         346,533
 Commercial
           45,247
           44,760
           44,080
           43,375
           42,005
 Industrial
             4,932
             4,809
             4,815
             4,896
             4,532
 Governmental
             2,271
             2,248
             2,213
             2,159
             2,112
 Total Retail Customers
         417,447
         412,726
         408,107
         403,112
         395,182
 Totals may not foot due to rounding.
         
           
           


 
 

 

 UTILITY STATISTICAL INFORMATION
                               
 ENTERGY TEXAS, INC.
                         
                               
 GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2012
       
 OWNED &
 
AVG BTU
           
 TOTAL
       
 LEASED
 
PER KWH
Emissions
 NET
 EXPENSES
 PRODUCTION
     
COMMERCIAL
 CAPABILITY
 
NET
SO2
NOx
CO2
Hg(b)
 
 GENERATION
 PER NET
 EXPENSE
 PLANT
UNIT
 OWNERSHIP
 OPERATION
 (MW)(a)
 FUEL TYPE
 PURPOSE
GENERATION
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 Roy S. Nelson 
6
30%
1982
161
Coal
Base
11,370
3,721
868
1,156,508
57
LNB w/ Sep OFA, ESP
              927,718
                    41.0
                38,037
 Big Cajun 2 
3
18%
1983
105
Coal
Base
10,420
2,131
503
678,064
35
LNB w/ OFA, ESP
              575,449
                    28.7
                16,546
 Lewis Creek 
1
100%
1970
230
Gas/Oil
Intermediate
11,420
2
72
463,599
          -
SCR
           1,504,385
                    43.1
                64,810
 
2
100%
1971
230
Gas/Oil
Intermediate
3
107
572,374
          -
SCR
 
 
 
 Sabine 
1
100%
1962
212
Gas/Oil
Intermediate
11,710
2
474
329,778
          -
                                           -
           3,665,665
                    41.1
              150,489
 
2
100%
1962
212
Gas/Oil
Intermediate
1
282
243,251
          -
                                           -
 
 
 
 
3
100%
1966
390
Gas/Oil
Intermediate
2
579
478,581
          -
LNB w/ Sep OFA
 
 
 
 
4
100%
1974
525
Gas
Intermediate
4
927
867,480
          -
Combus Mod / Fuel Reburn
 
 
 
5
100%
1979
470
Gas/Oil
Intermediate
3
437
605,785
          -
LNB w/ Closed-coupled OFA
 
 
 
 Total
     
2,535
               
           6,673,217
                    40.4
              269,882
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel  
       (assuming no curtailments) that each station was designed to utilize.
 (b) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (c) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
                               
                               
 Calculations may differ due to rounding.  
                     
                               
                               
                               


 
 

 

 UTILITY STATISTICAL INFORMATION
           
 UTILITY NUCLEAR PLANT STATISTICS
         
 The following table shows plant performance for 2008 – 2012 based on 18/24 month operating cycle.
   
           
 CAPABILITY FACTOR (%)
 2012
 2011
 2010
 2009
 2008
 ANO
                           93.7
                           92.1
                           92.3
                           90.9
                           92.6
 Grand Gulf
                           77.3
                           90.7
                           92.4
                           92.1
                           85.4
 River Bend
                           90.3
                           93.4
                           92.7
                           94.2
                           81.8
 Waterford 3
                           85.6
                           91.4
                           91.4
                           91.4
                           90.6
 Entergy Southeast Average
                           88.1
                           91.9
                           92.2
                           91.9
                           88.6
 Industry Average
                           86.8
                           89.3
                           89.3
                           90.2
                           90.7
           
 The following table shows plant performance for 2012 and averages for four three-year periods.
   
           
 PRODUCTION COST ($/MWh)(a)
 2012
 2009–2011
 2008–2010
 2007–2009
 2006–2008
 ANO
                           20.8
                           19.8
                           18.5
                           17.2
                           16.3
 Grand Gulf
                           29.3
                           19.8
                           18.8
                           17.7
                           16.6
 River Bend
                           25.5
                           23.2
                           23.4
                           22.9
                           22.4
 Waterford 3
                           24.5
                           20.8
                           19.3
                           18.1
                           16.9
 Entergy Southeast Average
                           24.2
                           20.6
                           19.6
                           18.5
                           17.5
 Industry Average
 —
                           21.7
                           20.4
                           19.4
                           18.5
 (a) Fuel and non-fuel operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh.
           
           
 INDIVIDUAL PLANT INFORMATION
         
           
 
       ANO
GRAND GULF
RIVER BEND
WATERFORD 3
 
 UNIT 1
 UNIT 2
     
 Owner
 Entergy
 Entergy
 System Energy-90%
 Entergy
 Entergy
 
 Arkansas
 Arkansas
 South Mississippi
 Gulf States
 Louisiana
 
 
 
 Electric Power
 Louisiana
 
 
 
 
 Association-10%
 
 
 Commercial Operation Date
 December 74
 March 80
 July 85
 June 86
 September 85
 License Expiration Date
 5/20/34
 7/17/38
 11/1/24
 8/29/25
 12/18/24
 Architect/Engineer
 Bechtel Power
 Bechtel Power
 Bechtel Power
  Stone & Webster
 Ebasco
 Reactor Manufacturer
 Babcox &
 Combustion
 General
 General
 Combustion
 
 Wilcox
 Engineering
 Electric
 Electric
 Engineering
 Reactor Type
 PWR
 PWR
 BWR
 BWR
 PWR
 Turbine Generator Manufacturer
 Westinghouse
 General Electric
 Kraftwerk Union
 General Electric
 Westinghouse
 Owned and Leased Capability (MW)(a)
                            836
                            992
1,287(f)
975
                         1,159
 Refueling Data:
 
 
 
 
 
 Last Date
3/24/13 - (g)
9/13/12 -
2/19/12 -
2/17/12 -
10/17/12 -
 
 
10/10/12
6/16/12
3/20/13
1/18/13
 Number of Days
                              37
                              27
117(d)
                              31
93(e)
 Next Scheduled Refueling
 Fall 14
 Spring 14
Spring 14
 Spring 15
Spring 14
 2012 Capability Factor (%)
                           93.0
                           94.4
                           77.5
                           90.3
                           85.6
 ($ millions as of December 31, 2012)
 
 
 
 
 
 Net Book Value
1,150(b)
 
                         1,857
1,450(c)
                         2,032
 Decommissioning Trust Fair Values
601(b)
 
                            491
477(c)
                            287
 Decommissioning Liability
674(b)
 
                            478
371(c)
                            405
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel
       (assuming no curtailments) that each station was designed to utilize.
 (b) ANO Units 1 and 2 are reported together.
 (c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various  
       municipal authorities, and is included in non-utility property on the balance sheet. The decommissioning trust fund balance and decommissioning liability  
       include amounts for the 30% not subject to rate regulation.
 (d) Scope included installation of approximately 178 MW uprate.   
 (e) Scope included replacement of steam generators, reactor vessel closure head and control element drive mechanisms.
 (f) Reflects estimate of the rerate for recovered performance (~ 55 MW) and uprate (~ 178 MW) completed in 2012. Approved Summer 2013 rating is 1,277 MW.
 (g) On March 31, 2013, during a scheduled refueling outage at ANO 1, a contractor-owned and operated heavy-lifting apparatus collapsed while moving the generator
        stator out of the turbine building. The collapse resulted in the death of an ironworker and injuries to several other contract workers, and damaged the ANO  
        turbine building. Restoration and restart efforts with respect to ANO 1 are ongoing and are expected to be complete before the end of 2013.
           
           
           


 
 

 

 UTILITY REGULATORY INFORMATION
       
           
 STATE REGULATORY COMMISSIONS
       
           
 
  ARKANSAS
 LOUISIANA
 MISSISSIPPI
 NEW ORLEANS
 TEXAS
 Commission
 Arkansas Public
 Louisiana
 Mississippi
 New Orleans
 Public Utility
 
 Service
 Public Service
 Public Service
 City Council
 Commission
 
 Commission
 Commission
 Commission
 
 of Texas
 Number of Commissioners
 3
 5
 3
 7
 3
 Method of Selection
 Appointed by
 Elected
 Elected
 Elected
 Appointed by
 
 Governor
 
 
 
 Governor
 Term of Office
 6 years –
 6 years –
 4 years –
 4 years –
 6 years –
 
 staggered
 staggered
 concurrent
 concurrent
 staggered
 
 
 
 
 (2 term limit)
 
 Chair/President
 Appointed by
 Selected by
 Rotates every
 Rotates annually
 Appointed by
 
 Governor
 peers – 1 year
 1 - 2 years, as
 from the
 Governor
 
 
 term
 determined by members
 at-large positions
 
           
           
 COMMISSION/COUNCIL MEMBERS
         
 
 
 
   
 CURRENT
     
 PARTY
 SERVICE BEGAN
 TERM ENDS
 ARKANSAS
   
 
 
 
 Colette Honorable – Chair
   
 Democrat
10/07
 1/17
 Olan W. Reeves
   
unknown
1/09
 1/15
 Elana C. Wills
   
unknown
1/11
 1/13
 LOUISIANA
   
 
 
 
 Foster L. Campbell, Jr.
   
 Democrat
1/03
12/14
 Scott A. Angelle
   
Republican
1/13
12/18
 Lambert C. Boissiere, III
   
 Democrat
1/05
12/16
 Eric Skrmetta – Chairman
   
 Republican
1/09
12/14
 Clyde C. Holloway
   
 Republican
4/09
12/16
 MISSISSIPPI
   
 
 
 
 Leonard Bentz – Chairman (2012)
   
 Republican
4/06
 12/15
 Lynn Posey – Vice-Chairman (2012)
 
 Republican
1/08
 12/15
 Brandon Presley
   
 Democrat
1/08
 12/15
 NEW ORLEANS
 
 
 
 
 
 Cynthia Hedge-Morrell – Chair of Utility Committee
 
 Democrat
4/05
 5/14
 Jacquelyn Brechtel Clarkson – Vice-President of City Council
 Democrat
11/07
 5/14
 Stacy S. Head – President of City Council
 
 Democrat
5/06
 5/14
 Susan Guidry
   
Democrat
5/10
 5/14
 Kristen Palmer
   
Democrat
5/10
 5/14
 LaToya Cantrell
   
Democrat
12/12
5/14
 James Gray II
   
Democrat
12/12
5/14
 TEXAS
   
 
 
 
 Donna L. Nelson – Chair
   
 Republican
8/08
 8/15
 Kenneth W. Anderson Jr.
   
 Republican
9/08
 8/17
           
           
           
           
           
           


 
 

 

 UTILITY ELECTRIC AND GAS FUEL RECOVERY MECHANISMS
             
 
DEFERRED FUEL* BALANCE AS OF DECEMBER  31,
 COMPANY
 2012
 2011
 2010
 2009
 2008
 FUEL RECOVERY MECHANISM
       
($ millions)
 
 EAI
       97.3
     209.8
       61.5
     122.8
     119.1
Annual reset in April based on prior calendar year fuel and purchased power costs adjusted for nuclear refueling outages and projected sales plus any under- or over-recovered fuel balance for the prior calendar year.
 
           
 
           
 EGSL(a)
       99.2
         2.9
       77.8
       57.8
         8.1
Electric: Monthly reset based on fuel and purchased power costs from two months prior plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
 
           
             
 
         
Gas: Monthly reset based on estimated gas costs plus a surcharge with an annual reset calculated by taking the over- or under- recovered balance at the end of June and dividing by the projected sales for the next 12 months.
             
 
           
 ELL(a)
       94.6
         1.5
         8.8
       66.4
     (23.6)
Monthly reset based on fuel and purchased power costs from two months prior plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
 
           
 EMI
       26.5
     (15.8)
         3.2
     (72.9)
         5.0
Annual reset based on projected fuel and purchased power costs and projected sales plus any under- or over-recovered energy costs as of the 12-month period ended September 30.
 
           
 ENOI(b)
         1.9
       (7.5)
       (2.8)
         8.1
       21.8
Electric: On April 2, 2009 the New Orleans City Council approved a new Fuel Adjustment Clause tariff that calculates a monthly rate based on fuel and purchased power costs from two months prior.  A surcharge or credit will be calculated on any under- or over-recovered fuel balance based on the most recent 12 months actual kWh sales.  Under the new tariff Grand Gulf non-fuel costs are recovered through base rates.  Any incremental monthly Grand Gulf non-fuel costs are included in the Fuel Adjustment Clause.  Resource Plan non-fuel costs are collected through the Fuel Adjustment Clause.  The new tariff became effective on June 1, 2009.
             
 
         
Gas: Monthly reset based on estimated gas costs plus a surcharge or credit for the under- or over-recovered fuel balance based on the most recent 12 months Mcf sales.
 
           
 ETI
     (93.3)
     (64.7)
     (77.4)
   (102.7)
       21.2
Semi-annual reset of fuel factor in March and September based on the market price of natural gas plus surcharge or refund for material under- or over-recoveries based on actual costs.
 
           
 Total
     226.2
     126.2
       71.1
       79.5
     151.6
 
 Totals may not foot due to rounding.
     
(a) All years include $100.1 million for Entergy Gulf States Louisiana and $68 million for Entergy Louisiana of fuel, purchased power, and capacity costs,
      which do not currently earn a return on investment and whose recovery periods are indeterminate but are expected to be over a period greater than twelve months.
             
(b) 2012, 2011, 2010 and 2009 include $4.1 million for Entergy New Orleans of fuel, purchased power, and capacity costs, which do not currently earn a return on investment and
       whose recovery periods are indeterminate but are expected to be over a period greater than twelve months.
 * Deferred fuel costs = revenues collected minus current fuel and purchased power costs.
             
             
             
             


 
 

 

 ENTERGY WHOLESALE COMMODITIES
                       
 EWC QUARTERLY FINANCIAL METRICS
                     
 
2012
2011
 
 
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
  % CHANGE
 GAAP MEASURES
 
 
 
 
 
 
 
 
 
 
 
    As-Reported Net Income ($ millions)
  (176.0)
      70.8
      86.8
      58.9
       40.4
    113.8
       98.2
    121.6
     155.0
     488.6
             (92)
    Return on Average Invested Capital – As-Reported (%)*
        3.9
        3.4
        2.7
        0.9
         0.9
        9.3
         9.4
        8.8
         9.1
         9.1
             (90)
    Return on Average Common Equity – As-Reported (%)*
        3.9
        3.3
        2.7
        0.8
         0.8
      10.7
       10.7
        9.8
         9.7
         9.7
             (92)
    Debt to Capital Ratio (%)
        3.7
        2.5
        2.4
        2.1
         2.1
      11.6
       11.4
      10.8
         3.6
         3.6
             (42)
 NON-GAAP MEASURES
                     
    Operational Adjusted EBITDA ($ millions)
    144.0
    127.0
    185.0
    161.0
     618.0
       253
        174
       241
        193
     862.0
             (28)
    Operational Earnings ($ millions)
      47.5
      70.8
      86.8
      58.9
     264.0
    113.8
       98.2
    121.6
     155.0
     488.6
             (46)
    Return on Average Invested Capital – Operational (%)*
        7.9
        7.4
        6.7
        5.0
         5.0
      10.2
       10.0
        8.9
         9.1
         9.1
             (45)
    Return on Average Common Equity – Operational (%)*
        8.2
        7.6
        7.0
        5.0
         5.0
      11.7
       11.4
        9.9
         9.7
         9.7
             (48)
    Net Debt to Net Capital Ratio (%)
      (1.0)
        0.6
      (1.2)
      (0.6)
       (0.6)
        7.2
         6.5
        2.1
       (2.2)
       (2.2)
             (73)
 *Rolling twelve months.  
 
 
 
 
 
 
 
 
 
 
 
   Certain prior year data has been reclassified to conform with current year presentation.
 
 
 
 
 
 
  Totals may not foot due to rounding.   
                     
 EWC ANNUAL FINANCIAL METRICS
                     
     
 2012
 
 2011
 
 2010
 
 2009
 
 2008
 GAAP MEASURES
 
                   
    As-Reported Net Income ($ millions)
   
      40.4
 
     488.6
 
     447.4
 
     606.7
 
          786.7
    Return on Average Invested Capital – As-Reported (%)
        0.9
 
         9.1
 
         9.5
 
       13.7
 
            18.8
    Return on Average Common Equity – As-Reported (%)
        0.8
 
         9.7
 
       10.5
 
       16.9
 
            24.7
    Debt to Capital Ratio (%)
   
        2.1
 
         3.6
 
       15.3
 
       23.7
 
            28.2
 NON-GAAP MEASURES
                     
    Operational Adjusted EBITDA ($ millions)
   
    618.0
 
     862.0
 
  1,048.0
 
  1,230.0
 
       1,306.0
    Operational Earnings ($ millions)
   
    263.9
 
     488.6
 
     548.1
 
     650.7
 
          786.7
    Return on Average Invested Capital – Operational (%)
        5.0
 
         9.1
 
       11.4
 
       14.6
 
            18.8
    Return on Average Common Equity – Operational (%)
        5.0
 
         9.7
 
       12.9
 
       18.1
 
            24.7
    Net Debt to Net Capital Ratio (%)
   
      (0.6)
 
       (2.2)
 
         7.8
 
       16.4
 
            20.5
 Certain prior year data has been reclassified to conform with current year presentation.
         
                       
 EWC QUARTERLY OPERATIONAL METRICS
                     
 
2012
2011
 YTD
 
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
 % CHANGE
 Owned Capacity (MW)
    6,612
    6,612
    6,612
    6,612
     6,612
    6,016
     6,016
    6,016
     6,599
     6,599
                 0
 Average Realized Revenue/MWh
 $ 49.29
 $ 48.27
 $ 51.88
 $ 50.56
 $  50.02
 $ 56.79
 $  52.74
 $ 56.02
 $  52.48
 $  54.50
               (8)
 Non-Fuel O&M Expense/Purchased Power per MWh(a)
 $ 23.93
 $ 24.07
 $ 23.15
 $ 23.52
 $  23.66
 $ 23.37
 $  25.45
 $ 23.71
 $  24.61
 $  24.28
               (3)
 Billed GWh
  11,281
  11,674
  12,002
  11,221
   46,178
  10,554
   10,567
  11,255
   11,121
   43,497
                 6
EWC Nuclear
                     
 Average Realized Revenue/MWh
 $ 50.32
 $ 48.67
 $ 52.27
 $ 49.88
 $  50.29
 $ 57.46
 $  52.38
 $ 56.07
 $  53.00
 $  54.73
               (8)
 Production Cost/MWh
 $ 25.85
 $ 26.61
 $ 26.14
 $ 26.18
 $  26.19
 $ 24.01
 $  25.96
 $ 24.92
 $  25.92
 $  25.21
                 4
 Non-Fuel O&M Expense/Purchased Power per MWh
 $ 25.35
 $ 27.99
 $ 23.15
 $ 23.52
 $  23.66
 $ 24.74
 $  26.57
 $ 24.90
 $  26.00
 $  25.55
               (7)
 Billed GWh
    9,838
  10,426
  10,480
  10,298
   41,042
    9,913
     9,993
  10,645
   10,367
   40,918
                 0
 Capacity Factor
88%
85%
90%
90%
89%
91%
91%
98%
93%
93%
               (4)
(a) 2012 excludes the effect of the special item for the Vermont Yankee asset impairment.
         
     Certain prior year data has been reclassified to conform with current year presentation.
         
    Totals may not foot due to rounding.
                   
                       
 EWC ANNUAL OPERATIONAL METRICS
                     
     
 2012
 
 2011
 
 2010
 
 2009
 
 2008
 Owned Capacity (MW)(a)
   
    6,612
 
     6,599
 
     6,351
 
     6,351
 
          6,351
 Average Realized Revenue/MWh
   
 $ 50.02
 
 $  54.50
 
 $  59.04
 
 $  60.46
 
 $       60.73
 Non-Fuel O&M Expense/Purchased Power per MWh(b)(c)
 $ 23.66
 
 $  24.28
 
 $  26.76
 
 $  24.45
 
 $       22.86
 Billed GWh
   
  46,178
 
   43,497
 
   42,682
 
   43,969
 
        44,747
EWC Nuclear
                     
 Net MW in Operation
   
    5,011
 
     4,998
 
     4,998
 
     4,998
 
          4,998
 Average Realized Price/MWh
   
 $ 50.29
 
 $  54.73
 
 $  59.16
 
 $  61.07
 
 $       59.51
 Production Cost/MWh(b)
   
 $ 26.19
 
 $  25.21
 
 $  25.27
 
 $  23.26
 
 $       21.88
 Non-Fuel O&M Expense/Purchased Power per MWh(b)(c)
 $ 23.66
 
 $  25.55
 
 $  25.49
 
 $  23.30
 
 $       21.95
 Billed GWh
   
  41,042
 
   40,918
 
   39,655
 
   40,981
 
        41,710
 Capacity Factor
   
89%
 
93%
 
90%
 
93%
 
95%
 (a) For 2010, owned capacity includes the 335 MW ownership position in the Harrison County power plant, which was sold on December 31, 2010.
 (b) 2010 and 2009 exclude the effects of the non-utility nuclear spin-off expenses special items at EWC Nuclear.
 (c) 2012 excludes the effect of the special item for the Vermont Yankee asset impairment.
       Certain prior year data has been reclassified to conform with current year presentation.
      Totals may not foot due to rounding.
                       
 TOTAL CAPACITY
                     
 
     OPERATED    
OWNED CAPACITY(c)
 
 As of December 2012.
 
 PLANTS
 UNITS
 MW
     
 MW
 %
 
 Gas/Oil
 
           2
           4
 1,127 (b)
     
1,340
          20
 
 Coal
 
            -
            -
         
181
            3
 
 Total Fossil
 
           2
           4
    1,127
     
     1,521
          23
 
 Wind
 
            -
            -
            -
     
          80
            1
 
 Nuclear
 
           6
           7
 5,811(a)
     
5,011
          76
 
 Total Capacity
 
           8
         11
    6,938
     
     6,612
        100
 
 (a) Operated capacity includes management services contracts.
 (b) Excludes units operated by Entergy’s utility companies.  
 (c) Includes capacity under power purchase agreements.  
                       
                       


 
 

 

 ENTERGY WHOLESALE COMMODITIES
                 
 EWC NUCLEAR PLANT STATISTICS
             
                 
 
JAMES A.
INDIAN POINT
PALISADES
PILGRIM
VERMONT
   
 
FITZPATRICK
UNIT 2
UNIT 3
NUCLEAR PLANT
NUCLEAR STATION
YANKEE
   
 Entergy Purchase Date
 11/21/00
 9/6/01
 11/21/00
 4/11/07
 7/13/99
 7/31/02
   
 Commercial Operation Date
 July 75
 August 74
 August 76
 December 71
 December 72
 November 72
   
 License Expiration Date
 10/17/34
 9/28/13
 12/12/15
 3/24/31
 6/8/32
 3/21/32
   
 Architect/Engineer
Stone &
 United
 United
 Combustion
 Bechtel
 Ebasco
   
 
Webster
 Engineers &
 Engineers &
 Engineering
 Power
 
   
   
 Constructors
 Constructors
         
 Reactor Manufacturer
General
 Westinghouse
 Westinghouse
 Combustion
 General
 General
   
 
Electric
   
 Engineering
 Electric
 Electric
   
 Reactor Type
BWR
 PWR
 PWR
 PWR
 BWR
 BWR
   
 Turbine Generator Manufacturer
General Electric
 Westinghouse
 Westinghouse
 Westinghouse
 General Electric
                        General Electric
 
 Net MWs in Operation (MW)
                            838
                         1,028
                         1,041
811(e) 
                            688
                            605
   
 (as of December 31, 2012)
 
 
 
 
 
 
   
 Refueling Data:
 
 
 
 
 
 
   
 Last Date
 9/16/12 –
 3/5/12 –
 3/4/13 –
 4/8/12 –
 4/14/13 –
 3/9/13 –
   
 
10/19/12
 3/31/12
 3/31/13
 5/12/12
 5/30/13
 4/5/13
   
 Number of Days
                              34
                              27
                              28
                              34
                              45
                              27
   
 Next Scheduled Refueling
 Fall 14
 Spring 14
 Spring 15
 Fall 13
Spring 15
Fall  14
   
 2012 Capacity Factor
82%
88%
98%
73%
98%
92%
   
 ($ millions as of December 31, 2012)
 
 
 
 
 
 
   
 Net Book Value
                            549
                            949
                            873
                            796
                            320
117(f)
   
 Decommissioning Trust Fund Balance
(a)
758(b)
(a)
                            308
                            725
                            543
   
 Decommissioning Liability
(a)
523(b)
(a)
                            329
                            328
                            362
   
 Nearest Market Hub
NYISO
  NYISO
  NYISO
 MISO
 NEPOOL
 NEPOOL
   
 
Zone A(c)
Zone G(d) 
Zone G(d) 
 Indiana
 Mass Hub
 Mass Hub
   
 Capacity Zone (ICAP/UCAP)
NYISO
 NYISO
  NYISO
 MISO
 NEPOOL
 NEPOOL
   
 
Rest of State
 Rest of State
  Rest of State
 
 
 
   
 (a) NYPA retained the decommissioning trusts and decommissioning liability. NYPA and Entergy executed decommissioning agreements, specifying their decommissioning
        obligations. NYPA has the right to require Entergy to assume the decommissioning liability provided that it assigns the corresponding decommissioning trust, up to a specified
        level, to Entergy. If the decommissioning liability is retained by NYPA, Entergy will perform the decommissioning of the plants at a price equal to the lesser of a pre-specified
        level or the amount in the decommissioning trusts. Entergy believes that the amounts available to it under either scenario are sufficient to cover the future decommissioning
        costs without any additional contributions to the trusts.
 (b) Includes amount for Indian Point 1. Indian Point 1 has been shut down and in safe storage since the 1970s.
 (c) James A. FitzPatrick physically located in NYISO Zone C.
 (d) Indian Point physically located in NYISO Zone H.
 (e) Reflects the final testing and confirmation of a small incremental increase in output associated with equipment replacements.
 (f) Under generally accepted accounting principles (GAAP), power plants and other long-lived assets are generally required to be accounted for on a historical cost basis,
        unless a triggering event occurs which requires an impairment evaluation.  In the case of Vermont Yankee, as described in our prior financial statement filings with  
        the U.S. Securities and Exchange Commission, Entergy had performed quarterly impairment evaluations since early 2010, triggered by state actions to shut down the plant early.   
        A number of factors and inputs are used in the Vermont Yankee impairment evaluation, including the status of pending legal and state regulatory matters, as well as assumptions  
        about future revenues and costs of the plant.  Under the accounting rules, these inputs are required to be estimated as of the end of each quarterly period.  The decline in the
       overall energy market and forward price of energy at March 31, 2012, which is used as an input in the current accounting analysis, yielded a different impairment result in the first  
       quarter of 2012 as compared to earlier quarters, resulting in a pre-tax impairment charge of $(356) million of plant and related assets.   
                 
                 
                 
 EWC NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS
         
   
 NERC
 COMMERCIAL
 OWNERSHIP
 NET
 TOTAL
 FUEL TYPE
 PLANT  LOCATION
 REGION
 OPERATION
 INTEREST
 MW
 MW
 TECHNOLOGY
 Independence – Unit 2
 Newark, AR
 SERC
1983
14%
121
842
 Coal
 Nelson 6
 Westlake, LA
 SERC
1982
11%
60
550
 Coal
 RS Cogen
 Lake Charles, LA
 SERC
2002
50%
213
425
 CCGT Cogen
 Ritchie – Unit 2
 Helena, AR
 SERC
1968
100%
544
544
 Gas/Oil
 Top of Iowa
 Worth County, IA
MRO
2001
50%
40
80
 Wind
 White Deer
 Amarillo, TX
 SPP
2001
50%
40
80
 Wind
 Rhode Island State Energy Center
Johnston, RI
NPCC
2002
100%
583
583
CCGT
 Total
       
1,601
3,104
   
                 
                 
                 
                 
 EWC NON-NUCLEAR WHOLESALE ASSETS PLANT EMISSIONS
         
                 
     
Emissions
 
 FUEL TYPE
 
SO2
NOx
CO2
Hg(a)
   
 PLANT
 TECHNOLOGY
 PURPOSE
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(b)
 Independence – Unit 2
 Coal
 Base
                         2,411
                            821
                     863,435
44
OFA
 Nelson 6
 Coal
 Base
1,376
321
                     427,616
21
LNB w Sep OFA
 RS Cogen
 CCGT Cogen
 Base QF
4
385
                     814,899
0
Dry LNB / SCR
 Ritchie – Unit 2
 Gas/Oil
Peaking
                                -
                                -
                                -
                                -
                                -
 Top of Iowa
 Wind
 Renewable
                                -
                                -
                                -
                                -
                                -
 White Deer
 Wind
 Renewable
                                -
                                -
                                -
                                -
                                -
 Rhode Island State Energy Center
CCGT
Intermediate
                                5
                              62
                  1,001,563
0
Dry LNB / SCR
 Total
   
                         3,796
                         1,589
                  3,107,514
65
   
 (a) Mercury emissions calculated using 2012 unit heat input and 5.37 x 10-6 lb hg/MMBtu emission rate for coal plants and 8.0 x 10-10 lb hg/MMBtu emission rate for natural gas plants.
 (b) Installed NOx and particulate matter emission control devices: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP),
       Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA),
       Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection.  Currently have no SO2, CO2 or Mercury Control equipment operating on any unit.
                 
                 
 Totals may not foot due to rounding.
               


 
 

 

 ENTERGY WHOLESALE COMMODITIES
             
                 
 EWC NUCLEAR SECURITIES DETAIL
             
 LONG-TERM DEBT:
             
 NOTE TO NEW YORK POWER AUTHORITY (NYPA) RELATING TO THE PURCHASE OF FITZPATRICK AND INDIAN POINT 3
 
                 
     
 ADDITIONAL LTD
   
 TOTAL ENDING
 TOTAL
   
 INTEREST
 RELATED TO
 INTEREST
 
 LONG-TERM
 
 INTEREST
 ($ thousands)
LONG-TERM DEBT(a)
 EXPENSE
 PURCHASE OF IP2
 EXPENSE
 
 DEBT
 
 EXPENSE
 2000
                       744,405
             3,869
                                -
                     -
 
           744,405
 
                  3,869
 2001
                       682,512
           35,392
                      74,402
             1,190
 
           756,914
 
                36,582
 2002
                       604,420
           32,540
                      79,220
             3,628
 
           683,640
 
                36,168
 2003
                       441,845
           27,387
                      72,863
             3,643
 
           514,708
 
                31,030
 2004
                       379,405
           21,275
                      66,200
             3,337
 
           445,605
 
                24,612
 2005
                       313,968
           18,277
                      59,218
             3,018
 
           373,186
 
                21,295
 2006
                       245,390
           15,137
                      51,900
             2,682
 
           297,289
 
                17,819
 2007
                       173,445
           11,845
                      44,231
             2,331
 
           217,676
 
                14,176
 2008
                       161,932
             8,412
                      36,194
             1,963
 
           198,127
 
                10,375
 2009
                       149,771
             7,839
                      27,772
             1,577
 
           177,543
 
                  9,416
 2010
                       137,026
             7,255
                      18,945
             1,173
 
           155,971
 
                  8,428
 2011
                       123,669
             6,643
                        9,694
                750
 
           133,363
 
                  7,393
 2012
                       109,681
             6,012
                                -
                305
 
           109,681
 
                  6,317
 2013
                         95,011
             5,331
                                -
                     -
 
             95,011
 
                  5,331
 2014
                         79,638
             4,627
                                -
                     -
 
             79,638
 
                  4,627
 2015
                         61,027
             3,889
                                -
                     -
 
             61,027
 
                  3,889
 2016
                         59,022
             2,995
                                -
                     -
 
             59,022
 
                  2,995
 2017
                         56,921
             2,899
                                -
                     -
 
             56,921
 
                  2,899
 2018
                         54,719
             2,798
                                -
                     -
 
             54,719
 
                  2,798
 2019
                         52,412
             2,693
                                -
                     -
 
             52,412
 
                  2,693
 2020
                         49,994
             2,582
                                -
                     -
 
             49,994
 
                  2,582
 2021 – 2035 Average
                                   -
             1,400
                                -
                     -
 
                       -
 
                  1,400
 (a) Includes plant, fuel, and license extension payments. Payments for plant and fuel are made annually on 11/21 (anniversary of close). As of 9/30/03, the entire fuel note  
       has been paid off.  Life extension payments made on anniversary of license expiration. Entergy will pay NYPA $2.5 million annually per plant, for up to twenty years if  
      FitzPatrick and/or Indian Point 3 operate beyond their original license date.
 Totals may not foot due to rounding.
                 
 EWC NON-NUCLEAR WHOLESALE ASSETS
           
                 
 EWC NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL
         
 DEBT:
               
 OUTSTANDING AS OF DECEMBER 31,
             
 (ENTERGY’S SHARE)
2012
2011
2010
 
 MATURITY
 
 RATE
     
 (in millions)
         
 RS Cogen Senior Project Debt
 
 
 
 
 
 
 
Bank Portion(a) 
 
 $36
 $40
 $46
 
 10/17/18
 
 LIBOR + 1.625%
Institutional Portion
 
 $38
 $38
 $38
 
 10/15/22
 
 Fixed 8.73%
Debt Service Reserve Letter of Credit(b)
 $   -
 $   -
 $   -
 
1 month to 6 months
 LIBOR + 1.625%
 RS Cogen Subordinated Debt
 $13
 $13
 $13
 
 10/17/17
 
 LIBOR + 4.50%
Top Deer Senior Project Debt(c) 
 $   -
 $   -
 $8
 
 06/30/13
 
 Fixed 5.68%
 (a) RS Cogen spread on bank portion increases over time from 1.375% to 2.375%.
 (b) RS Cogen spread on Debt Service Reserve Letter of Credit Loan increases over time from 1.375% to 3.250%.  The DSR LC fee was 1.375% in the first term and
      1.625% in the second term, including 2009.  The DSR LC is borrowed for interest periods of 1 month to 6 months as needed.  The DSR LC was repaid on
      January 29, 2010.  The DSR LC is no longer available.  It expired on 12/2012 and was not renewed.
 (c) In December 2011, at the Company's election and with the banks' consent the outstanding balance on the credit facility was paid in full.
                 
       
 SHARES OUTSTANDING
   
 PREFERRED STOCK:
   
 AS OF DECEMBER 31,
 AS OF DECEMBER 31,
   
 RATE(a)
2012
2011
2010
2012
2011
2010
 
 
 
   
 
 
 (in millions)
 
 Authorized 1,000,000 shares, $1 par value, cumulative
 
 
   
 
 Without Sinking Fund:
 
   
 
   
 
    Entergy Asset Management,
8.95%
                                -
                     -
  305,240
 $   -
                          -
$29.4
      8.95% rate
 
 
           
    Other
 
                    -
                                -
                     -
             -
                       -
                          -
                      0.9
 Total without sinking fund
 
                                -
                     -
  305,240
 $   -
                          -
$30.2
 Totals may not foot due to rounding.
             
                 
                 


 
 

 

 DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES
   
 ENTERGY WHOLESALE COMMODITIES OPERATIONAL MEASURES
 Owned capacity (MW)
 Installed capacity owned and operated by Entergy Wholesale Commodities, including investments in wind
 generation accounted for under the equity method of accounting
 Average realized revenue per MWh
 As-reported revenue per MWh billed for Entergy Wholesale Commodities plants, excluding revenue from
 the amortization of the Palisades below-market PPA and investments in wind generation accounted for under
 the equity method of accounting
 Non-fuel O&M expense/purchased power per MWh
 Operation, maintenance and refueling expenses and purchased power per MWh billed, excluding
 fuel and investments in wind generation accounted for under the equity method of accounting
 GWh billed
 Total number of GWh billed to customers, excluding investments in wind generation accounted for under
 the equity method of accounting
   
 NUCLEAR OPERATIONAL MEASURES
 
 Net MW in operation
 Installed capacity owned or operated by Entergy Wholesale Commodities - Nuclear
 Average realized revenue per MWh
 As-reported revenue per MWh billed for Entergy Wholesale Commodities nuclear plants, excluding
 revenue from the amortization of the Palisades below-market PPA
 Production cost per MWh
 Fuel and non-fuel operation and maintenance expenses according to accounting standards that
 
 directly relate to the production of electricity per MWh (based on net generation)
 Non-fuel O&M expense/purchased power per MWh
 Operation, maintenance and refueling expenses and purchased power per MWh billed, excluding fuel
 GWh billed
 Total number of GWh billed to all customers
 Capability factor
 The percentage of the maximum energy generation a plant is capable of supplying to the grid,
 
 limited only by factors within control of plant management; a high capability factor indicates
 
 effective plant programs and practices to minimize unplanned energy losses and to optimize
 
 planned outages
 Capacity factor
 Normalized percentage of the period that the nuclear plants generate power
 Refueling outage duration
 Number of days lost for scheduled refueling outage during the period
   
 Financial measures defined below include measures prepared in accordance with generally accepted accounting principles (GAAP), as well as non-
 GAAP measures. Non-GAAP measures are included in this report in order to provide metrics that remove the effect of less routine financial impacts from
 commonly used financial metrics.
 
   
 FINANCIAL MEASURES – GAAP
 
 Return on average invested capital – as-reported
 12-months rolling net income attributable to Entergy Corporation (Net Income) adjusted to include preferred
 
 dividends and tax-effected interest expense divided by average invested capital
 Return on average common equity – as-reported
 12-months rolling Net Income divided by average common equity
 Cash flow interest coverage
 12-months cash flow from operating activities plus 12-months rolling interest
 
 paid, divided by interest expense
 Book value per share
 Common equity divided by end of period shares outstanding
 Revolver capacity
 Amount of undrawn capacity remaining on corporate and subsidiary revolvers
 Total debt
 Sum of short-term and long-term debt, notes payable, capital leases, and preferred stock with
 
 sinking fund on the balance sheet, less non-recourse debt, if any
 Debt of joint ventures (Entergy’s share)
 Debt issued by business joint ventures at Entergy Wholesale Commodities assets
 Leases (Entergy’s share)
 Operating leases held by subsidiaries capitalized at implicit interest rate
 Debt to capital ratio
 Gross debt divided by total capitalization
 Securitization debt
Debt associated with securitzation bonds issued to recover storm costs from hurricanes Rita, Ike and Gustav at Entergy Texas; the 2009 ice storm at Entergy Arkansas; and investment recovery of costs associated with the cancelled Little Gypsy repowering project at Entergy Louisiana
 Assumption debt
Represents the portion of Entergy Gulf States Louisiana long-term debt that was outstanding on December 31, 2007, which was assumed by Entergy Texas under a debt assumption agreement, Entergy Texas' pro rate share of the debt was approximatey 46 percent.
   
 FINANCIAL MEASURES – NON-GAAP
 
 Operational earnings
 As-reported Net Income adjusted to exclude the impact of special items
 Operational adjusted EBITDA
 Earnings before interest, income taxes, depreciation and amortization, and interest and investment income
 excluding decommissioning expense, and other than temporary impairment losses on decommissioning trust
 fund assets, excluding effects of special items
 Return on average invested capital – operational
 12-months rolling operational Net Income adjusted to include preferred dividends and
 
 tax-effected interest expense divided by average invested capital
 Return on average common equity – operational
 12-months rolling operational Net Income divided by average common equity
 Net margin – operational
 12-months rolling operational Net Income divided by 12-months rolling revenue
 Total gross liquidity
 Sum of cash and revolver capacity
 Debt to capital ratio, excluding securitization debt
 Gross debt divided by total capitalization, excluding securitization debt
 Net debt to net capital ratio,
 Gross debt less cash and cash equivalents divided by total capitalization less cash and
 excluding securitization debt
 cash equivalents, excluding securitization debt
 Net debt to net capital ratio, including
 off-balance sheet liabilities, excluding securitization debt
 Sum of gross debt and off-balance sheet debt less cash and cash equivalents divided by sum of
 total capitalization and off-balance sheet debt less cash and cash equivalents, excluding securitization debt
 Total debt, excluding assumption debt
 Gross debt less assumption debt
 Debt to capital ratio, excluding assumption debt
 Gross debt divided by total capitalization, excluding assumption debt
 Net debt to net capital ratio, excluding assumption debt
 Gross debt less cash and cash equivalents divided by total capitalization less cash and cash equivalents,   excluding assumption debt
   
   
   
 
 
 
 
 

 

 REG G RECONCILIATIONS
         
           
 CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
   
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Net Income (A)
                  847
               1,346
               1,250
               1,231
               1,221
 Preferred dividends
                    22
                    21
                    20
                    20
                    20
 Tax-effected interest expense
                  350
                  316
                  354
                  351
                  374
 As-Reported Net Income including preferred
         
   dividends and tax-effected interest expense (B)
               1,219
               1,683
               1,624
               1,602
               1,615
           
 Special items (C)
                 (262)
                   (13)
                   (82)
                   (71)
                   (55)
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               1,481
               1,696
               1,706
               1,673
               1,670
 Operational earnings (A-C)
               1,109
               1,359
               1,332
               1,302
               1,276
 Average invested capital (D)
             22,290
             21,126
             20,781
             20,748
             19,927
 Average common equity (E)
               9,079
               8,729
               8,555
               8,290
               7,915
           
 Gross debt (F)
             13,473
             12,387
             11,816
             12,014
             12,279
 Less securitization debt (G)
                  973
               1,071
                  931
                  838
                  310
 Gross debt, excluding securitization debt (F-G)
             12,500
             11,316
             10,885
             11,176
             11,969
 Less cash and cash equivalents (H)
                  533
                  694
               1,294
               1,710
               1,920
 Net debt, excluding securitization debt (F-G-H)
             11,967
             10,622
               9,591
               9,466
             10,049
           
 Total capitalization (I)
             22,951
             21,629
             20,623
             20,939
             20,557
 Less securitization debt (J)
                  973
               1,071
                  931
                  838
                  310
 Total capitalization, excluding securitization debt (I-J)
             21,978
             20,558
             19,692
             20,101
             20,247
 Less cash and cash equivalents (K)
                  533
                  694
               1,294
               1,710
               1,920
 Net capitalization, excluding securitization debt (I-J-K)
             21,445
             19,864
             18,398
             18,391
             18,327
           
 Off-balance sheet liabilities (L)
                  595
                  604
                  653
                  646
                  574
 Revolver capacity (M)
               3,462
               2,001
               2,354
               1,464
                  645
 Gross liquidity (H+M)
               3,995
               2,695
               3,648
               3,174
               2,565
           
 ($ per share)
         
 As-Reported earnings per share (N)
                 4.76
                 7.55
                 6.66
                 6.30
                 6.20
 Operational earnings per share (O)
                 6.23
                 7.62
                 7.10
                 6.67
                 6.51
 Common dividend paid per share (P)
                 3.32
                 3.32
                 3.24
                 3.00
                 3.00
 Year-end closing market price per share of common stock (Q)
               63.75
               73.05
               70.83
               81.84
               83.13
           
 (%)
         
 Return on average invested capital  – As-Reported (B/D)
                   5.5
                   8.0
                   7.8
                   7.7
                   8.1
 Return on average invested capital  – Operational ((B-C)/D)
                   6.6
                   8.0
                   8.2
                   8.1
                   8.4
 Return on average common equity  – As-Reported (A/E)
                   9.3
                 15.4
                 14.6
                 14.9
                 15.4
 Return on average common equity  – Operational ((A-C)/E)
                 12.2
                 15.6
                 15.6
                 15.7
                 16.1
 Debt to capital ratio (F/I)
                 58.7
                 57.3
                 57.3
                 57.4
                 59.7
 Debt to capital ratio, excluding securitization debt ((F-G)/(I-J))
                 56.9
                 55.0
                 55.3
                 55.6
                 59.1
 Net debt to net capital ratio, excluding securitization debt ((F-G-H)/(I-J-K))
                 55.8
                 53.5
                 52.1
                 51.5
                 54.8
 Net debt to net capital ratio including off-balance sheet liabilities,
         
 excluding securitization debt  ((F-G-H+L)/(I-J-K+L))
                 57.0
                 54.8
                 53.8
                 53.1
                 56.2
           
 Common dividend payout ratio – As-Reported (P/N)
                    70
                    44
                    49
                    48
                    48
 Common dividend payout ratio – Operational (P/O)
                    53
                    44
                    46
                    45
                    46
           
 (ratio)
         
 Price to earnings ratio  – As-Reported (Q/N)
               13.39
                 9.68
               10.64
               12.99
               13.41
 Price to earnings ratio  – Operational (Q/O)
               10.23
                 9.59
                 9.98
               12.27
               12.77
 Calculations may differ due to rounding.
         
           
 

 
 

 

 REG G RECONCILIATIONS
               
                 
 CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
     
 1Q11-4Q12
               
                 
 ($ millions)
 1Q12
 2Q12
 3Q12
 4Q12
 1Q11
 2Q11
 3Q11
 4Q11
 For the quarter:
               
 As-Reported Net Income (A)
       (151.7)
        365.0
        337.1
        296.3
        248.7
        315.6
        628.1
        154.1
 Less special items (B)
       (230.7)
           (9.6)
         (10.7)
         (10.7)
                -
                -
                -
         (13.0)
 Operational earnings (A-B)
          79.0
        374.6
        347.8
        307.1
        248.7
        315.6
        628.1
        167.2
                 
 As-Reported Net Income rolling 12 months (C)
           946
           996
           705
           847
        1,285
        1,285
        1,421
        1,346
 Preferred dividends
             21
             21
             22
             22
             20
             20
             20
             21
 Tax-effected interest expense
           322
           329
           342
           350
           327
           320
           320
           316
 As-Reported Net Income,
               
   rolling 12 months including
               
    preferred dividends and tax-effected
               
     interest expense (D)
        1,289
        1,346
        1,069
        1,219
        1,632
        1,625
        1,761
        1,683
                 
 Special items in prior quarters
            (13)
          (244)
          (253)
          (251)
            (42)
            (32)
              (7)
                -
                 
 Special items in current quarter
               
 Parent & Other
               
 Transmission business spin-merge expenses
              (7)
              (9)
            (11)
            (11)
                -
                -
                -
            (13)
 Entergy Wholesale Commodities
               
     Vermont Yankee asset impairment
          (224)
                -
                -
                -
                -
                -
                -
                -
 Total special items (E)
          (244)
          (253)
          (264)
          (262)
            (42)
            (32)
              (7)
            (13)
                 
 Operational earnings,
               
    rolling 12 months including
               
    preferred dividends and tax-effected
               
     interest expense (D-E)
        1,533
        1,599
        1,333
        1,481
        1,674
        1,657
        1,768
        1,696
 Operational earnings, rolling 12 months (C-E)
        1,190
        1,249
           969
        1,109
        1,327
        1,317
        1,428
        1,359
 Average invested capital (F)
      21,339
      21,556
      22,065
      22,290
      21,093
      21,101
      21,509
      21,126
 Average common equity (G)
        8,725
        8,814
        9,078
        9,079
        8,698
        8,684
        8,849
        8,729
                 
 Gross debt (H)
      12,619
      12,533
      12,931
      13,473
      12,018
      12,360
      12,452
      12,387
 Less securitization debt (I)
        1,049
        1,020
        1,003
           973
           910
           896
        1,086
        1,071
 Gross debt, excluding securitization debt (H-I)
      11,570
      11,513
      11,928
      12,500
      11,108
      11,464
      11,366
      11,316
 Less cash and cash equivalents (J)
           685
           283
           750
           533
           726
           530
           987
           694
 Net debt, excluding securitization debt (H-I-J)
      10,885
      11,230
      11,178
      11,967
      10,382
      10,934
      10,379
      10,622
                 
 Total capitalization (K)
      21,813
      21,844
      22,402
      22,951
      20,864
      21,268
      21,728
      21,629
 Less securitization debt (L)
        1,049
        1,020
        1,003
           973
           910
           896
        1,086
        1,071
 Total capitalization, excluding securitization debt (K-L)
      20,764
      20,824
      21,399
      21,978
      19,954
      20,372
      20,642
      20,558
 Less cash and cash equivalents (M)
           685
           283
           750
           533
           726
           530
           987
           694
 Net capitalization, excluding securitization debt (K-L-M)
      20,079
      20,541
      20,649
      21,445
      19,228
      19,842
      19,655
      19,864
                 
 Off-balance sheet liabilities (N)
           601
           600
           599
           595
           650
           647
           645
           604
 Revolver capacity (O)
        2,825
        2,762
        2,917
        3,462
        2,258
        1,993
        2,116
        2,001
 Gross liquidity (J+0)
        3,510
        3,045
        3,667
        3,995
        2,984
        2,523
        3,103
        2,695
                 
                 
 (%)
               
 Return on average invested capital –  As-Reported (D/F)
            6.0
            6.2
            4.8
            5.5
            7.7
            7.7
            8.2
            8.0
 Return on average invested capital –  Operational ((D-E)/F)
            7.2
            7.4
            6.0
            6.6
            7.9
            7.9
            8.2
            8.0
 Return on average common equity –  As-Reported (C/G)
          10.8
          11.3
            7.8
            9.3
          14.8
          14.8
          16.1
          15.4
 Return on average common equity –  Operational ((C-E)/G)
          13.6
          14.2
          10.7
          12.2
          15.3
          15.2
          16.1
          15.6
 Debt to capital ratio (H/K)
          57.9
          57.4
          57.7
          58.7
          57.6
          58.1
          57.3
          57.3
 Debt to capital ratio, excluding securitization debt ((H-I)/(K-L))
          55.7
          55.3
          55.7
          56.9
          55.7
          56.3
          55.1
          55.0
 Net debt to net capital ratio,
     excluding securitization debt ((H-I-J)/(K-L-M))
          54.2
          54.7
          54.1
          55.8
          54.0
          55.1
          52.8
          53.5
 Net debt to net capital ratio including off-balance
               
      sheet liabilities, excluding securitization debt
      ((H-I-J+N)/(K-L-M+N))
          55.5
          56.0
          55.4
          57.0
          55.5
          56.5
          54.3
          54.8
 Calculations may differ due to rounding.
               
                 
                 


 
 

 

 REG G RECONCILIATIONS
         
           
 UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
     
 2008-2012
 
 
     
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Net Income (A)
               943.0
            1,106.5
               812.4
               691.6
               587.8
 Preferred dividends
                 17.3
                 17.3
                 17.3
                 17.3
                 17.3
 Tax-effected interest expense
               293.1
               280.4
               303.4
               284.3
               261.6
 As-Reported Net Income including preferred
         
   dividends and tax-effected interest expense (B)
            1,253.4
            1,404.2
            1,133.2
               993.3
               866.7
           
 Utility special items
         
 Transmission business spin-merge expenses
                   (37)
                       -
                       -
                       -
                       -
 Total special items (C)
                   (37)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
            1,290.6
            1,404.2
            1,133.2
               993.3
               866.7
 Operational earnings (A-C)
               980.0
            1,106.5
               812.4
               691.6
               587.8
 Average invested capital (D)
             18,154
             16,877
             16,412
             15,580
             14,441
 Average common equity (E)
               7,991
               7,462
               7,109
               6,828
               6,618
           
 Gross debt (F)
             10,433
               9,332
               8,937
               9,107
               7,836
 Less securitization debt (G)
                  974
               1,071
                  931
                  838
                  310
 Gross debt, excluding securitization debt (F-G)
               9,459
               8,262
               8,006
               8,269
               7,526
 Less cash and cash equivalents (H)
                  380
                  360
                  822
               1,239
                  566
 Net debt, excluding securitization debt (F-G-H)
               9,079
               7,902
               7,185
               7,030
               6,960
           
 Total capitalization (I)
             19,010
             17,298
             16,457
             16,367
             14,794
 Less securitization debt (J)
                  974
               1,071
                  931
                  838
                  310
 Total capitalization, excluding securitization debt (I-J)
             18,036
             16,227
             15,526
             15,529
             14,484
 Less cash and cash equivalents (K)
                  380
                  360
                  822
               1,239
                  566
 Net capitalization, excluding securitization debt (I-J-K)
             17,656
             15,867
             14,704
             14,290
             13,918
           
 (%)
         
 Return on average invested capital  – As-Reported (B/D)
                   6.9
                   8.3
                   6.9
                   6.4
                   6.0
 Return on average invested capital  – Operational ((B-C)/D)
                   7.1
                   8.3
                   6.9
                   6.4
                   6.0
 Return on average common equity  – As-Reported (A/E)
                 11.8
                 14.8
                 11.4
                 10.1
                   8.9
 Return on average common equity  – Operational ((A-C)/E)
                 12.3
                 14.8
                 11.4
                 10.1
                   8.9
 Debt to capital ratio (F/I)
                 54.9
                 54.0
                 54.3
                 55.6
                 53.0
 Debt to capital ratio, excluding securitization debt ((F-G)/(I-J))
                 52.4
                 50.9
                 51.6
                 53.2
                 52.0
 Net debt to net capital ratio, excluding securitization debt ((F-G-H)/(I-J-K))
                 51.4
                 49.8
                 48.9
                 49.2
                 50.0
 Calculations may differ due to rounding.
         
           
           
           


 
 

 

 REG G RECONCILIATIONS
               
                 
 UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
       
 1Q11-4Q12
               
                 
 ($ millions)
 1Q12
 2Q12
 3Q12
 4Q12
 1Q11
 2Q11
 3Q11
 4Q11
 As-Reported Net Income (A)
          62.9
        304.2
        296.2
        279.8
        164.3
        248.4
        524.1
        169.7
 Less special items (B)
              (6)
            (10)
            (11)
            (11)
                -
                -
                -
                -
 Operational earnings (A-B)
          68.7
        314.1
        306.9
        290.5
        164.3
        248.4
        524.1
        169.7
                 
 As-Reported Net Income-rolling 12 months (C)
     1,005.1
     1,060.9
        832.9
        943.0
        838.1
        860.6
     1,051.2
     1,106.5
 Preferred dividends
          17.3
          17.3
          17.3
          17.3
          17.3
          17.3
          17.3
          17.3
 Tax-effected interest expense
        283.8
        285.3
        291.2
        293.1
        298.0
        287.2
        283.3
        280.4
 As-Reported Net Income, rolling 12 months including preferred
             
 dividends and tax-effected interest expense (D)
     1,306.2
     1,363.5
     1,141.4
     1,253.4
     1,153.4
     1,165.1
     1,351.8
     1,404.2
                 
 Special items in prior quarters
                -
              (6)
            (16)
            (26)
                -
                -
                -
                -
 Special items in current quarter
              (6)
            (10)
            (11)
            (11)
                -
                -
                -
                -
 Total special items (E)
              (6)
            (16)
            (26)
            (37)
                -
                -
                -
                -
                 
 Operational earnings, rolling 12 months including preferred
             
   dividends and tax-effected interest expense (D-E)
     1,312.0
     1,379.2
     1,167.8
     1,290.6
     1,153.4
     1,165.1
     1,351.8
     1,404.2
 Operational earnings, rolling 12 months (C-E)
     1,010.9
     1,076.6
        859.3
        980.1
        838.1
        860.6
     1,051.2
     1,106.5
 Average invested capital (F)
      17,092
      17,340
      17,845
      18,154
      16,583
      16,682
      16,923
      16,877
 Average common equity (G)
        7,486
        7,692
        7,930
        7,991
        7,139
        7,257
        7,391
        7,462
                 
 Gross debt (H)
        9,520
        9,429
        9,837
      10,433
        9,131
        9,305
        9,432
        9,332
 Less securitization debt (I)
        1,049
        1,020
        1,003
           974
           911
           896
        1,086
        1,071
 Gross debt, excluding securitization debt (H-I)
        8,472
        8,409
        8,834
        9,459
        8,221
        8,409
        8,346
        8,262
 Less cash and cash equivalents (J)
           416
           173
           545
           380
           439
           226
           467
           360
 Net debt, excluding securitization debt (H-I-J)
        8,056
        8,236
        8,290
        9,079
        7,782
        8,183
        7,879
        7,902
                 
 Total capitalization (K)
      17,499
      17,677
      18,326
      19,010
      16,686
      17,003
      17,364
      17,298
 Less securitization debt (L)
        1,049
        1,020
        1,003
           974
           911
           896
        1,086
        1,071
 Total capitalization, excluding securitization debt (K-L)
      16,450
      16,657
      17,323
      18,036
      15,776
      16,108
      16,278
      16,227
 Less cash and cash equivalents (M)
           416
           173
           545
           380
           439
           226
           467
           360
 Net capitalization, excluding securitization debt (K-L-M)
      16,035
      16,483
      16,779
      17,656
      15,337
      15,882
      15,811
      15,867
                 
 (%)
               
 Return on average invested capital –
               
   As-Reported (D/F)
            7.6
            7.9
            6.4
            6.9
            7.0
            7.0
            8.0
            8.3
 Return on average invested capital –
               
   Operational ((D-E)/F)
            7.7
            8.0
            6.5
            7.1
            7.0
            7.0
            8.0
            8.3
 Return on average common equity –
               
   As-Reported (C/G)
          13.4
          13.8
          10.5
          11.8
          11.7
          11.9
          14.2
          14.8
 Return on average common equity –
               
   Operational ((C-E)/G)
          13.5
          14.0
          10.8
          12.3
          11.7
          11.9
          14.2
          14.8
 Debt to capital ratio (H/K)
          54.4
          53.3
          53.7
          54.9
          54.7
          54.7
          54.3
          54.0
 Debt to capital ratio, excluding securitization debt ((H-I)/(K-L))
          51.5
          50.5
          51.0
          52.4
          52.1
          52.2
          51.3
          50.9
 Net debt to net capital ratio, excluding securitization debt
    ((H-I-J)/(K-L-M))
          50.2
          50.0
          49.4
          51.4
          50.7
          51.5
          49.8
          49.8
 Calculations may differ due to rounding.
               
                 
                 


 
 

 

 REG G RECONCILIATIONS
         
           
 ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
   
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Earnings (A)
               145.5
               158.0
               165.7
                 60.0
                 40.3
 Preferred dividends
                   6.9
                   6.9
                   6.9
                   6.9
                   6.9
 Tax-effected interest expense
                 49.5
                 49.7
                 54.9
                 54.9
                 52.0
 As-Reported Earnings including preferred
         
   dividends and tax-effected interest expense (B)
               201.9
               214.6
               227.6
               121.8
                 99.2
           
 Special items
         
 Transmission business spin-merge expenses
                   (13)
                       -
                       -
                       -
                       -
 Total special items (C)
                   (13)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               214.9
               214.6
               227.6
               121.8
                 99.2
 Operational earnings (A-C)
               158.5
               158.0
               165.7
                 60.0
                 40.3
 Average invested capital (D)
               3,665
               3,460
               3,385
               3,291
               3,102
 Average invested capital, excluding securitization (E)
               3,557
               3,341
               3,323
               3,291
               3,102
 Average common equity (F)
               1,512
               1,424
               1,408
               1,406
               1,392
           
 Gross debt (G)
               2,162
               1,911
               1,928
               1,793
               1,745
 Less securitization debt (H)
                  102
                  114
                  124
                       -
                       -
 Gross debt, excluding securitization debt (G-H)
               2,060
               1,797
               1,804
               1,793
               1,745
 Less cash and cash equivalents (I)
                    35
                    23
                  106
                    86
                    40
 Net debt, excluding securitization debt (G-H-I)
               2,026
               1,775
               1,698
               1,707
               1,705
           
 Total capitalization (J)
               3,858
               3,472
               3,448
               3,321
               3,261
 Less securitization debt (K)
                  102
                  114
                  124
                     -
                     -
 Total capitalization, excluding securitization debt (J-K)
               3,756
               3,358
               3,324
               3,321
               3,261
 Less cash and cash equivalents (L)
                    35
                    23
                  106
                    86
                    40
 Net capitalization, excluding securitization debt (J-K-L)
               3,722
               3,335
               3,218
               3,235
               3,221
           
 (%)
         
 Return on average invested capital  – As-Reported (B/D)
                   5.5
                   6.2
                   6.7
                   3.7
                   3.2
 Return on average invested capital  – Operational ((B-C)/E)
                   6.0
                   6.4
                   6.8
                   3.7
                   3.2
 Return on average common equity  – As-Reported (A/F)
                   9.6
                 11.1
                 11.8
                   4.3
                   2.9
 Return on average common equity  – Operational ((A-C)/F)
                 10.5
                 11.1
                 11.8
                   4.3
                   2.9
 Debt to capital ratio (G/J)
                 56.0
                 55.0
                 55.9
                 54.0
                 53.5
 Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
                 54.8
                 53.5
                 54.3
                 54.0
                 53.5
 Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
                 54.4
                 53.2
                 52.8
                 52.8
                 52.9
 Calculations may differ due to rounding.
         
           
           
           


 
 

 

 REG G RECONCILIATIONS
         
           
 ENTERGY GULF STATES LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Earnings (A)
               158.2
               200.8
               173.5
               152.5
               131.1
 Preferred dividends
                   0.8
                   0.8
                   0.8
                   0.8
                   0.8
 Tax-effected interest expense
                 49.2
                 49.7
                 60.2
                 70.7
                 78.1
 As-Reported Earnings including preferred
         
   dividends and tax-effected interest expense (B)
               208.2
               251.3
               234.6
               224.0
               210.0
           
 Special items
         
 Transmission business spin-merge expenses
                     (5)
                       -
                       -
                       -
                       -
 Total special items (C)
                     (5)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               212.8
               251.3
               234.6
               224.0
               210.0
 Operational earnings (A-C)
               162.8
               200.8
               173.5
               152.5
               131.1
 Average invested capital (D)
               2,888
               2,962
               3,122
               3,344
               3,618
 Average invested capital, excluding assumption debt (E)
               2,888
               2,962
               3,039
               2,875
               2,693
 Average common equity (F)
               1,348
               1,389
               1,429
               1,348
               1,284
           
 Gross debt (G)
               1,517
               1,542
               1,584
               1,783
               2,188
 Less assumption debt (H)
                      -
                      -
                      -
                  168
                  770
 Gross debt, excluding assumption debt (G-H)
               1,517
               1,542
               1,584
               1,615
               1,418
 Less cash and cash equivalents (I)
                    36
                    25
                  155
                  144
                    49
 Net debt, excluding assumption debt (G-H-I)
               1,482
               1,517
               1,429
               1,471
               1,369
           
 Total capitalization (J)
               2,900
               2,876
               3,049
               3,196
               3,491
 Less assumption debt (K)
                      -
                      -
                      -
                  168
                  770
 Total capitalization, excluding assumption debt (J-K)
               2,900
               2,876
               3,049
               3,028
               2,721
 Less cash and cash equivalents (L)
                    36
                    25
                  155
                  144
                    49
 Net capitalization, excluding assumption debt (J-K-L)
               2,865
               2,851
               2,893
               2,884
               2,672
           
 (%)
         
 Return on average invested capital  – As-Reported (B/D)
                   7.2
                   8.5
                   7.5
                   6.7
                   5.8
 Return on average invested capital  – Operational ((B-C)/E)
                   7.4
                   8.5
                   7.7
                   7.8
                   7.8
 Return on average common equity  – As-Reported (A/F)
                 11.7
                 14.5
                 12.1
                 11.3
                 10.2
 Return on average common equity  – Operational ((A-C)/F)
                 12.1
                 14.5
                 12.1
                 11.3
                 10.2
 Debt to capital ratio (G/J)
                 52.3
                 53.6
                 52.0
                 55.8
                 62.7
 Debt to capital ratio, excluding assumption debt ((G-H)/(J-K))
                 52.3
                 53.6
                 52.0
                 53.3
                 52.1
 Net debt to net capital ratio, excluding assumption debt ((G-H-I)/(J-K-L))
                 51.7
                 53.2
                 49.4
                 51.0
                 51.2
           
 ENTERGY TEXAS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
       
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Net Income (A)
                 42.0
                 80.8
                 66.2
                 63.8
                 57.9
 Preferred dividends
                       -
                       -
                       -
                       -
                       -
 Tax-effected interest expense
                 57.2
                 56.0
                 56.5
                 63.9
                 48.0
 As-Reported Net Income including preferred
         
   dividends and tax-effected interest expense (B)
                 99.2
               136.8
               122.7
               127.7
               105.9
           
 Special items
         
 Transmission business spin-merge expenses
                     (5)
                       -
                       -
                       -
                       -
 Total special items (C)
                     (5)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               103.8
               136.8
               122.7
               127.7
               105.9
 Operational earnings (A-C)
                 46.6
                 80.8
                 66.2
                 63.8
                 57.9
 Average invested capital (D)
               2,524
               2,530
               2,493
               2,374
               2,331
 Average invested capital, excluding securitization and equity infusion from parent (E)
               1,804
               1,752
               1,670
               1,799
               1,936
 Average common equity (F)
                  877
                  862
                  834
                  872
                  952
 Average common equity, excluding equity infusion from parent returned beginning of 08 (G)
                  877
                  862
                  834
                  872
                  877
           
 Gross debt (H)
               1,618
               1,677
               1,659
               1,658
               1,345
 Less securitization debt (I)
                  690
                  750
                  807
                  838
                  310
 Gross debt, excluding securitization debt (H-I)
                  928
                  927
                  852
                  820
               1,035
 Less cash and cash equivalents (J)
                    60
                    65
                    35
                  201
                      2
 Net debt, excluding securitization debt (H-I-J)
                  867
                  862
                  817
                  619
               1,033
           
 Total capitalization (K)
               2,472
               2,576
               2,484
               2,503
               2,245
 Less securitization debt (L)
                  690
                  750
                  807
                  838
                  310
 Less equity infusion from parent returned beginning of 08 (M)
                       -
                       -
                       -
                       -
                       -
 Total capitalization, excluding securitization and equity infusion from parent (K-L-M)
               1,782
               1,827
               1,676
               1,664
               1,935
 Less cash and cash equivalents (N)
                    60
                    65
                    35
                  201
                      2
 Net capitalization, excluding securitization and equity infusion from parent (K-L-M-N)
               1,722
               1,762
               1,641
               1,463
               1,933
           
 (%)
         
 Return on average invested capital  – As-Reported (B/D)
                   3.9
                   5.4
                   4.9
                   5.4
                   4.5
 Return on average invested capital  – Operational ((B-C)/E)
                   5.5
                   7.8
                   7.3
                   7.1
                   5.5
 Return on average common equity  – As-Reported (A/F)
                   4.8
                   9.4
                   7.9
                   7.3
                   6.1
 Return on average common equity  – Operational ((A-C)/G)
                   5.3
                   9.4
                   7.9
                   7.3
                   6.6
 Debt to capital ratio (H/K)
                 65.4
                 65.1
                 66.8
                 66.3
                 59.9
 Debt to capital ratio, excluding securitization and equity infusion from parent ((H-I)/(K-L-M))
                 52.2
                 50.8
                 50.8
                 49.3
                 53.5
 Net debt to net capital ratio, excluding securitization and equity infusion from parent ((H-I-J)/(K-L-M-N))
                 50.4
                 48.9
                 49.8
                 42.3
                 53.4
 Calculations may differ due to rounding.
         
           
           
           


 
 

 

 REG G RECONCILIATIONS
         
           
           
 ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
   
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Earnings (A)
               274.1
               467.0
               224.5
               225.9
               150.6
 Preferred dividends
                   7.0
                   7.0
                   7.0
                   7.0
                   7.0
 Tax-effected interest expense
                 72.9
                 61.2
                 62.5
                 52.7
                 51.1
 As-Reported Earnings including preferred
         
   dividends and tax-effected interest expense (B)
               354.0
               535.2
               294.0
               285.6
               208.7
           
 Special items
         
 Transmission business spin-merge expenses
                     (7)
                       -
                       -
                       -
                       -
 Total special items (C)
                     (7)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               360.6
               535.2
               294.0
               285.6
               208.7
 Operational earnings (A-C)
               280.7
               467.0
               224.5
               225.9
               150.6
 Average invested capital (D)
               5,406
               4,414
               3,890
               3,491
               2,958
 Average invested capital, excluding securitization (E)
               5,212
               4,311
               3,890
               3,491
               2,958
 Average members’ equity (F)
               2,718
               2,251
               1,924
               1,710
               1,531
           
 Gross debt (G)
               2,881
               2,297
               1,830
               1,902
               1,462
 Less securitization debt (H)
                  182
                  207
                       -
                       -
                       -
 Gross debt, excluding securitization debt (G-H)
               2,699
               2,090
               1,830
               1,902
               1,462
 Less cash and cash equivalents (I)
                    30
                      1
                  123
                  152
                  139
 Net debt, excluding securitization debt (G-H-I)
               2,669
               2,089
               1,707
               1,750
               1,323
           
 Total capitalization (J)
               5,951
               4,862
               3,967
               3,813
               3,170
 Less securitization debt (K)
                  182
                  207
                       -
                       -
                       -
 Total capitalization, excluding securitization debt (J-K)
               5,770
               4,655
               3,967
               3,813
               3,170
 Less cash and cash equivalents (L)
                    30
                      1
                  123
                  152
                  139
 Net capitalization, excluding securitization debt (J-K-L)
               5,740
               4,654
               3,844
               3,662
               3,031
           
 (%)
         
 Return on average invested capital   –  As-Reported (B/D)
                   6.5
                 12.1
                   7.6
                   8.2
                   7.1
 Return on average invested capital   –  Operational ((B-C)/E)
                   6.9
                 12.4
                   7.6
                   8.2
                   7.1
 Return on average members’ equity –  As-Reported (A/F)
                 10.1
                 20.7
                 11.7
                 13.2
                   9.8
 Return on average members’ equity –  Operational ((A-C)/F)
                 10.3
                 20.7
                 11.7
                 13.2
                   9.8
 Debt to capital ratio (G/J)
                 48.4
                 47.2
                 46.1
                 49.9
                 46.1
 Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
                 46.8
                 44.9
                 46.1
                 49.9
                 46.1
 Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
                 46.5
                 44.9
                 44.4
                 47.8
                 43.6
 Calculations may differ due to rounding.  
         
           
           


 
 

 

 REG G RECONCILIATIONS
         
           
 ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Earnings (A)
                 43.9
               105.9
                 82.5
                 76.5
                 58.4
 Preferred dividends
                   2.8
                   2.8
                   2.8
                   2.8
                   2.8
 Tax-effected interest expense
                 34.0
                 29.5
                 32.1
                 30.5
                 27.7
 As-Reported Earnings including preferred
         
   dividends and tax-effected interest expense (B)
                 80.8
               138.3
               117.4
               109.9
                 88.9
           
 Special items
         
 Transmission business spin-merge expenses
                     (8)
                       -
                       -
                       -
                       -
 Total special items (C)
                     (8)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
                 88.3
               138.3
               117.4
               109.9
                 88.9
 Operational earnings (A-C)
                 51.4
               105.9
                 82.5
                 76.5
                 58.4
 Average invested capital (D)
               1,963
               1,720
               1,609
               1,509
               1,418
 Average common equity (E)
                  858
                  784
                  714
                  681
                  664
           
 Gross debt (F)
               1,178
                  931
                  839
                  852
                  703
 Less cash and cash equivalents (G)
                    53
                     -
                      1
                    91
                      1
 Net debt (F-G)
               1,125
                  931
                  837
                  760
                  702
           
 Total capitalization (H)
               2,108
               1,817
               1,622
               1,596
               1,422
 Less cash and cash equivalents (I)
                    53
                     -
                      1
                    91
                      1
 Net capitalization (H-I)
               2,055
               1,817
               1,621
               1,505
               1,421
           
 (%)
         
 Return on average invested capital  –  As-Reported (B/D)
                   4.1
                   8.0
                   7.3
                   7.3
                   6.3
 Return on average invested capital  –  Operational ((B-C)/D)
                   4.5
                   8.0
                   7.3
                   7.3
                   6.3
 Return on average common equity  –  As-Reported (A/E)
                   5.1
                 13.5
                 11.6
                 11.2
                   8.8
 Return on average common equity  –  Operational ((A-C)/E)
                   6.0
                 13.5
                 11.6
                 11.2
                   8.8
 Debt to capital ratio (F/H)
                 55.9
                 51.2
                 51.7
                 53.4
                 49.4
 Net debt to net capital ratio ((F-G)/(H-I))
                 54.7
                 51.2
                 51.7
                 50.5
                 49.4
           
 ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Earnings (A)
                 16.1
                 35.0
                 30.1
                 29.5
                 33.4
 Preferred dividends
                   0.9
                   1.0
                   1.0
                   1.0
                   1.0
 Tax-effected interest expense
                   6.8
                   6.7
                   7.9
                 10.4
                 12.7
 As-Reported Earnings including preferred
         
   dividends and tax-effected interest expense (B)
                 23.8
                 42.7
                 39.0
                 40.9
                 47.0
           
 Special items
         
 Transmission business spin-merge expenses
                     (1)
                       -
                       -
                       -
                       -
 Total special items (C)
                     (1)
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
                 24.7
                 42.7
                 39.0
                 40.9
                 47.0
 Operational earnings (A-C)
                 17.0
                 35.0
                 30.1
                 29.5
                 33.4
 Average invested capital (D)
                  390
                  371
                  436
                  499
                  500
 Average common equity (E)
                  188
                  185
                  197
                  207
                  192
           
 Gross debt (F)
                  196
                  167
                  167
                  272
                  273
 Less cash and cash equivalents (G)
                      9
                    10
                    55
                  191
                  137
 Net debt (F-G)
                  187
                  157
                  112
                    81
                  136
           
 Total capitalization (H)
                  412
                  367
                  375
                  497
                  501
 Less cash and cash equivalents (I)
                      9
                    10
                    55
                  191
                  137
 Net capitalization (H-I)
                  402
                  358
                  320
                  306
                  364
           
 (%)
         
 Return on average invested capital – As-Reported (B/D)
                   6.1
                 11.5
                   8.9
                   8.2
                   9.4
 Return on average invested capital – Operational ((B-C)/D)
                   6.3
                 11.5
                   8.9
                   8.2
                   9.4
 Return on average common equity – As-Reported (A/E)
                   8.5
                 19.0
                 15.3
                 14.3
                 17.4
 Return on average common equity – Operational ((A-C)/E)
                   9.0
                 19.0
                 15.3
                 14.3
                 17.4
 Debt to capital ratio (F/H)
                 47.7
                 45.3
                 44.6
                 54.8
                 54.5
 Net debt to net capital ratio ((F-G)/(H-I))
                 46.5
                 43.8
                 35.1
                 26.5
                 37.3
 Calculations may differ due to rounding.  
         
           
           
           
           


 
 

 

 REG G RECONCILIATIONS
           
 SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 
 2008-2012
         
           
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Net Income (A)
               111.9
                 64.2
                 82.6
                 48.9
                 91.1
 Preferred dividends
                       -
                       -
                       -
                       -
                       -
 Tax-effected interest expense
                 23.4
                 25.5
                 29.9
                 26.7
                 33.9
 As-Reported Net Income including preferred
         
   dividends and tax-effected interest expense (B)
               135.3
                 89.7
               112.5
                 75.6
               125.0
           
 Special items
         
 Transmission business spin-merge expenses
                       -
                       -
                       -
                       -
                       -
 Total special items (C)
                       -
                       -
                       -
                       -
                       -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               135.3
                 89.7
               112.5
                 75.6
               125.0
 Operational earnings (A-C)
               111.9
                 64.2
                 82.6
                 48.9
                 91.1
 Average invested capital (D)
               1,602
               1,614
               1,666
               1,703
               1,750
 Average common equity (E)
                  817
                  806
                  821
                  843
                  859
           
 Gross debt (F)
                  824
                  747
                  869
                  820
                  899
 Less cash and cash equivalents (G)
                    84
                  185
                  264
                  264
                  103
 Net debt (F-G)
                  740
                  562
                  605
                  556
                  796
           
 Total capitalization (H)
               1,657
               1,548
               1,681
               1,650
               1,755
 Less cash and cash equivalents (I)
                    84
                  185
                  264
                  264
                  103
 Net capitalization (H-I)
               1,573
               1,362
               1,417
               1,386
               1,652
           
 (%)
         
 Return on average invested capital – As-Reported (B/D)
                   8.4
                   5.6
                   6.8
                   4.4
                   7.1
 Return on average invested capital – Operational ((B-C)/D)
                   8.4
                   5.6
                   6.8
                   4.4
                   7.1
 Return on average common equity – As-Reported (A/E)
                 13.7
                   8.0
                 10.1
                   5.8
                 10.6
 Return on average common equity – Operational ((A-C)/E)
                 13.7
                   8.0
                 10.1
                   5.8
                 10.6
 Debt to capital ratio (F/H)
                 49.7
                 48.3
                 51.7
                 49.7
                 51.2
 Net debt to net capital ratio ((F-G)/(H-I))
                 47.1
                 41.2
                 42.7
                 40.1
                 48.2
           
 ENTERGY WHOLESALE COMMODITIES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 2008-2012
         
 ($ millions)
 2012
 2011
 2010
 2009
 2008
 As-Reported Net Income (A)
                 40.4
               488.6
               447.4
               606.7
               786.7
 Preferred dividends
                       -
                   3.3
                   2.7
                   2.6
                   2.7
 Tax-effected interest expense
                 11.0
                 20.3
                 63.2
                 72.0
                 79.6
 As-Reported Net Income including preferred
         
   dividends and tax-effected interest expense (B)
                 51.4
               512.2
               513.3
               681.3
               869.0
           
 Special items
         
 Vermont Yankee asset impairment
              (223.5)
                     -
                     -
                     -
                     -
 Nuclear alignment
                     -
                     -
                     -
                     -
                     -
 Non-utility nuclear spin-off expenses
                     -
                     -
              (100.7)
                (44.0)
                     -
 Total special items (C)
              (223.5)
                     -
              (100.7)
                (44.0)
                     -
           
 Operational earnings including preferred
         
   dividends and tax-effected interest expense (B-C)
               274.9
               512.2
               614.0
               725.3
               869.0
 Operational earnings (A-C)
               263.9
               488.6
               548.1
               650.7
               786.7
 Average invested capital (D)
               5,513
               5,627
               5,378
               4,956
               4,610
 Average common equity (E)
               5,328
               5,029
               4,252
               3,589
               3,190
           
 Gross debt (F)
                  111
                  204
                  851
               1,228
               1,333
 Less cash and cash equivalents (G)
                  141
                  323
                  454
                  453
                  459
 Net debt (F-G)
                   (30)
                 (119)
                  397
                  775
                  874
           
 Total capitalization (H)
               5,341
               5,685
               5,569
               5,187
               4,724
 Less cash and cash equivalents (I)
                  141
                  323
                  454
                  453
                  459
 Net capitalization (H-I)
               5,201
               5,362
               5,115
               4,734
               4,265
           
 (%)
         
 Return on average invested capital – As-Reported (B/D)
                   0.9
                   9.1
                   9.5
                 13.7
                 18.8
 Return on average invested capital – Operational ((B-C)/D)
                   5.0
                   9.1
                 11.4
                 14.6
                 18.8
 Return on average common equity – As-Reported (A/E)
                   0.8
                   9.7
                 10.5
                 16.9
                 24.7
 Return on average common equity – Operational ((A-C)/E)
                   5.0
                   9.7
                 12.9
                 18.1
                 24.7
 Debt to capital ratio (F/H)
                   2.1
                   3.6
                 15.3
                 23.7
                 28.2
 Net debt to net capital ratio ((F-G)/(H-I))
                  (0.6)
                  (2.2)
                   7.8
                 16.4
                 20.5
 Certain prior year data has been reclassified to conform with current year presentation.
   
 Calculations may differ due to rounding.  
         
           
           


 
 

 

 REG G RECONCILIATIONS
               
 ENTERGY WHOLESALE COMMODITIES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 
 1Q11-4Q12
               
                 
 ($ millions)
 1Q12
 2Q12
 3Q12
 4Q12
 1Q11
 2Q11
 3Q11
 4Q11
 For the quarter:
 
 
   
 
 
   
 As-Reported Net Income (A)
       (176.0)
          70.8
          86.8
          58.9
        113.8
          98.2
        121.6
        155.0
 Less special items (B)
       (223.5)
                -
                -
                -
                -
                -
                -
                -
 Operational earnings (A-B)
          47.5
          70.8
          86.8
          58.9
        113.8
          98.2
        121.6
        155.0
                 
 As-Reported Net Income, rolling 12 months (C)
198.9
171.4
136.6
40.4
481.1
485.3
475.2
488.6
 Preferred dividends
            2.6
            1.9
            1.2
                -
            2.7
            2.7
            2.7
            3.3
 Tax-effected interest expense
          18.6
          16.7
          12.7
          11.0
          31.6
          26.2
          23.4
          20.3
 As-Reported Net Income, rolling
               
 12 months including preferred
               
   dividends and tax-effected interest
               
    expense (D)
        220.1
        190.0
        150.6
          51.4
        515.4
        514.2
        501.3
        512.2
                 
 Special items in prior quarters
 
       (223.5)
       (223.5)
       (223.5)
         (46.4)
         (31.9)
           (6.7)
                -
 Special items in current quarter
       (223.5)
              -
              -
              -
                -
                -
                -
                -
 Total special items (E)
       (223.5)
       (223.5)
       (223.5)
       (223.5)
         (46.4)
         (31.9)
           (6.7)
                -
                 
 Operational earnings, rolling 12 months including
             
   preferred dividends and tax-effected interest
             
    expense (D-E)
        443.6
        413.4
        374.0
        274.9
        561.8
        546.1
        508.1
        512.2
 Operational earnings, rolling 12 months (C-E)
        422.4
        394.9
        360.1
        263.9
        527.5
        517.2
        481.9
        488.6
 Average invested capital (F)
        5,626
        5,603
        5,552
        5,513
        5,517
        5,449
        5,685
        5,627
 Average common equity (G)
        5,155
        5,167
        5,136
        5,328
        4,491
        4,536
        4,858
        5,029
                 
 Gross debt (H)
           207
           137
           127
           111
           650
           648
           618
           204
 Less cash and cash equivalents (I)
           260
           106
           192
           141
           266
           299
           508
           323
 Net debt (H-I)
            (53)
             31
            (65)
            (30)
           384
           349
           111
          (119)
                 
 Total capitalization (J)
        5,657
        5,499
        5,377
        5,341
        5,595
        5,706
        5,727
        5,685
 Less cash and cash equivalents (K)
           260
           106
           192
           141
           266
           299
           508
           323
 Net capital (J-K)
        5,397
        5,393
        5,184
        5,201
        5,329
        5,408
        5,220
        5,363
                 
                 
 (%)
               
 Return on average invested capital –
               
 As-Reported (D/F)
            3.9
            3.4
            2.7
            0.9
            9.3
            9.4
            8.8
            9.1
 Return on average invested capital –
               
 Operational ((D-E)/F)
            7.9
            7.4
            6.7
            5.0
          10.2
          10.0
            8.9
            9.1
 Return on average common equity –
               
 As-Reported (C/G)
            3.9
            3.3
            2.7
            0.8
          10.7
          10.7
            9.8
            9.7
 Return on average common equity –
               
 Operational ((C-E)/G)
            8.2
            7.6
            7.0
            5.0
          11.7
          11.4
            9.9
            9.7
 Debt to capital ratio (H/J)
            3.7
            2.5
            2.4
            2.1
          11.6
          11.4
          10.8
            3.6
 Net debt to net capital ratio ((H-I)/(J-K))
           (1.0)
            0.6
           (1.2)
           (0.6)
            7.2
            6.5
            2.1
           (2.2)
 Certain prior year data has been reclassified to conform with current year presentation.
       
 Calculations may differ due to rounding.  
               
                 


 
 

 

 
 REG G RECONCILIATIONS
                 
 ENTERGY WHOLESALE COMMODITIES OPERATIONAL ADJUSTED EBITDA – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 1Q11-4Q12
               
                 
 ($ millions)
 1Q12
 2Q12
 3Q12
 4Q12
 1Q11
 2Q11
 3Q11
 4Q11
 Net Income
          (176)
             71 
             87
             59
           114
             99
           122
           156 
 Add back: interest expense
               6 
               5 
               3
               3
               9
               9
             10
               6 
 Add back: income tax expense
            (92)
             47 
             57
             50
             81
             18
             59
             18 
 Add back: depreciation and amortization
             51 
             48 
             29
             47
             43
             44
             45
             46 
 Subtract: interest and investment income
             31 
             27 
             20
             28
             22
             24
             24
             29 
 Add back: decommissioning expense
             30 
            (17)
             29
             30
             28
             28
             29
              (4)
 Subtract: other than temporary impairments
              - 
               - 
              -
              -
              -
              -
              -
              - 
 Adjusted EBITDA
          (212)
           127 
           185
           161
           253
           174
           241
           193 
                 
 Add back: special items
           356 
              - 
              -
              -
              -
              -
              -
              - 
                 
 Operational adjusted EBITDA
           144 
           127 
           185
           161
           253
           174
           241
           193 
 Certain prior year data has been reclassified to conform with current year presentation.
       
                 
                 
 ENTERGY WHOLESALE COMMODITIES OPERATIONAL ADJUSTED EBITDA – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 2008-2012
               
                 
 ($ millions)
 2012
 2011
 2010
 2009
 2008
     
 Net Income
             40
           492
           450 
           609 
           789 
     
 Add back: interest expense
             18
             33
           103 
           117 
           129 
     
 Add back: income tax expense
             61
           176
           248 
           287 
           214 
     
 Add back: depreciation and amortization
           176
           179
           163 
           152 
           137 
     
 Subtract: interest and investment income
           105
             99
           142 
           168 
           107 
     
 Add back: decommissioning expense
             72
             81
           107 
             99 
             94 
     
 Subtract: other than temporary impairments
              -
              -
              (1)
            (86)
            (50)
     
 Adjusted EBITDA
           262
           862
           931 
        1,182 
        1,306 
     
                 
 Add back: special items
           356
              -
           117 
             48 
              - 
     
                 
 Operational adjusted EBITDA
           618
           862
        1,048 
        1,230 
        1,306 
     
 Certain prior year data has been reclassified to conform with current year presentation.
       
 Totals may not foot due to rounding.
               
                 


 
 

 

ENTERGY CORPORATION AND SUBSIDIARIES
             
INVESTOR NEWS
ENTERGY COMMON STOCK PRICES
     
Entergy’s quarterly earnings results, webcasts, presentations, and other
The high and low trading prices for each quarterly period in 2012 and 2011
news and information of investor interest may be obtained by visiting the
were as follows (in dollars):
     
investor information page on Entergy’s corporate website at entergy.com
 
2012
2011
or calling Entergy's Investor Relations information line at
QUARTER
 
HIGH
LOW
HIGH
LOW
1-888-ENTERGY (368-3749).
1
 
73.66
66.23
        74.50
               64.72
 
2
 
68.20
62.97
        70.40
               65.15
INVESTOR RELATIONS
3
 
74.50
67.07
        69.14
               57.60
Security analysts, portfolio managers, and other members of the financial
4
 
72.98
61.55
        74.00
               62.66
community may contact:
           
     Paula Waters
DIVIDEND PAYMENTS
       
     Vice President, Investor Relations
The Board of Directors declares dividends quarterly and sets the record and
     Telephone: 504-576-4380
payment dates. Subject to Board discretion, those dates for 2013 are:
     E–mail: pwater1@entergy.com
           
 
DECLARATION DATE
 
 RECORD DATE
 PAYMENT DATE
SHAREHOLDER ACCOUNT INFORMATION
February 1
   
February 14
 
March 1
Wells Fargo Shareowner Services is Entergy’s transfer agent,
April 17
   
May 9
 
June 3
registrar, dividend disbursing agent, and dividend reinvestment
July 26
   
August 8
 
September 3
and stock purchase plan agent. Shareholders of record with
October 25
   
November 7
 
December 2
questions about lost certificates, lost or missing dividend checks
           
or notifications of change of address should contact:
Quarterly dividend payments (in cents-per-share):
   
     Wells Fargo Shareowner Services
           
     P.O. Box 64874
 QUARTER
 2013
 2012
 2011
 2010
 2009
     St. Paul, MN 55164-0874
1
                 83
             83
                  83
             75
                    75
     Phone: 1-855-854-1360
2
                 83
             83
                  83
             83
                    75
     Internet: www.shareowneronline.com
3
 
             83
                  83
             83
                    75
 
4
 
             83
                  83
             83
                    75
CORPORATE GOVERNANCE
           
Entergy’s Corporate Governance Guidelines, Board Committee Charters
PREFERRED STOCK DIVIDEND PAYMENTS
   
for the Corporate Governance, Audit, and Personnel Committees, and
The board of directors for each preferred stock issuer declares preferred
Entergy’s Code of Conduct may be accessed electronically by selecting
dividends quarterly and sets the record and payment dates. Subject to
the investor information page on Entergy’s corporate website at
their discretion, those dates for 2013 and 2014 are:
 
entergy.com.
           
             
ADDITIONAL INFORMATION
UTILITY OPERATING COMPANY
RECORD DATE
PAYMENT DATE
For copies of the above Corporate Governance documents, Entergy’s
 Entergy Arkansas, Inc.
12/20/12
 
1/2/13
10-K and 10-Q reports filed with the Securities and Exchange
 
   
3/20/13
 
4/1/13
Commission, or for other investor information, call 1-888-ENTERGY
 
   
6/20/13
 
7/1/13
or write to:
 
   
9/20/13
 
10/1/13
     Entergy Corporation
     
12/20/13
 
1/2/14
     Investor Relations
 
   
3/20/14
 
4/1/14
     P.O. Box 61000
 
   
6/20/14
 
7/1/14
     New Orleans, LA 70161
 
   
9/22/14
 
10/1/14
 
 Entergy Gulf States Louisiana, L.L.C.
2/28/13
 
3/15/13
COMMON STOCK INFORMATION
 
   
5/31/13
 
6/17/13
The company’s common stock is listed on the New York and Chicago
 
   
8/30/13
 
9/16/13
exchanges under the symbol “ETR” (CUSIP 29364G10). The Entergy
 
   
11/29/13
 
12/16/13
share price is reported daily in the financial press under “Entergy” in
   
2/28/14
 
3/17/14
most listings of New York Stock Exchange securities. Entergy common
 
   
5/30/14
 
6/16/14
stock is a component of the following indices: S&P 500, S&P Utilities
 
   
8/29/14
 
9/15/14
Index, Philadelphia Utility Index and the NYSE Composite Index,
 
   
11/28/14
 
12/15/14
among others.
 Entergy Louisiana, LLC
 
2/28/13
 
3/15/13
 
 
   
5/31/13
 
6/17/13
As of January 31, 2013, there were 178,092,521 shares of Entergy
 
   
8/30/13
 
9/16/13
common stock outstanding. Shareholders of record totaled
 
   
11/29/13
 
12/16/13
32,959, and approximately 117,000 investors held Entergy stock in
     
2/28/14
 
3/17/14
“street name” through a broker.
 
   
5/30/14
 
6/16/14
 
 
   
8/29/14
 
9/15/14
CERTIFICATIONS
 
   
11/28/14
 
12/15/14
In May 2012, Entergy’s Chief Executive Officer certified to the
 Entergy Mississippi, Inc.
 
1/21/13
 
2/1/13
New York Stock Exchange that he was not aware of any violation
 
   
4/22/13
 
5/1/13
of the NYSE corporate governance listing standards. Also, Entergy
 
   
7/22/13
 
8/1/13
filed certifications regarding the quality of the company’s public
 
   
10/21/13
 
11/1/13
disclosure, required by Section 302 of the Sarbanes-Oxley Act of
     
1/20/14
 
2/3/14
2002, as exhibits to its Report on Form 10-K for the fiscal year ended
 
   
4/21/14
 
5/1/14
December 31, 2012.
 
   
7/21/14
 
8/1/14
 
 
   
10/20/14
 
11/3/14
 
 Entergy New Orleans, Inc.
12/20/12
 
1/2/13
 
 
   
3/20/13
 
4/1/13
 
 
   
6/20/13
 
7/1/13
 
 
   
9/20/13
 
10/1/13
       
12/20/13
 
1/2/14
 
 
   
3/20/14
 
4/1/14
 
 
   
6/20/14
 
7/1/14
 
 
   
9/22/14
 
10/1/14