EX-99.1 2 a05114991.htm a05114991.htm
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ENTERGY STATISTICAL REPORT
 
AND INVESTOR GUIDE
 
 
 
 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 
Our Vision: We Power Life
 
 
Our Mission: Create Sustainable Value for
All Stakeholders - Owners, Customers, Employees and the Communities in Which We Operate
 
 
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 providing safe, secure, reliable service
at reasonable cost
 
For our employees, we provide a safe, rewarding, 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 celebrated 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 $11 billion and approximately 14,000 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 2013 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
● uncertainty regarding the establishment of interim or permanent
This publication is unaudited and should be used in conjunction with Entergy’s
sites for spent nuclear fuel and nuclear waste storage and disposal
2013 Annual Report to Shareholders and Form 10-K filed with the Securities
● variations in weather and the occurrence of hurricanes and other storms
and Exchange Commission. It has been prepared for information purposes and
and disasters, including uncertainties associated with efforts to remediate
is not intended for use in connection with any sale or purchase of, or any offer
the effects of hurricanes, ice storms, or other weather events and the recovery
to buy, any securities of Entergy Corporation or its subsidiaries.
of costs associated with restoration, including accessing funded storm reserves,
 
federal and local cost recovery mechanisms, securitization, and insurance
FORWARD-LOOKING INFORMATION
● effects of climate change
In this report and from time to time, Entergy Corporation makes statements concerning
● changes in the quality and availability of water supplies and the related
its expectations, beliefs, plans, objectives, goals, strategies, and future
regulation of water use and diversion
events or performance. Such statements are “forward-looking statements”
● Entergy’s ability to manage its capital projects and operation
within the  meaning of the Private Securities Litigation Reform Act of 1995.
and maintenance costs
Words such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “intend,”
● Entergy’s ability to purchase and sell assets at attractive prices
 “expect,” “estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,”
and on other attractive terms
and other similar words or expressions are intended to identify forward-looking
● the economic climate, and particularly economic conditions in Entergy’s
statements but are not the only means to identify these statements. Although Entergy
Utility service area and the Northeast United States and events
believes that these forward-looking statements and the underlying assumptions are
that could influence economic conditions in those areas
reasonable, it cannot provide assurance that they will prove correct. Any
● the effects of Entergy’s strategies to reduce tax payments
forward-looking statement is based on information current as of the date of this
● changes in the financial markets, particularly those affecting
report and speaks only as of the date on which such statement is made.
the availability of capital and Entergy’s ability to refinance existing debt, execute
Except to the extent required by the federal securities laws, Entergy undertakes
share repurchase programs, and fund investments and acquisitions
no obligation to publicly update or revise any forward-looking statements,
● actions of rating agencies, including changes in the ratings of
whether as a result of new information, future events, or otherwise.
debt and preferred stock, changes in general corporate ratings,
     Forward-looking statements involve a number of risks and uncertainties.
and changes in the rating agencies’ ratings criteria
There are factors that could cause actual results to differ materially from those
● changes in inflation and interest rates
expressed or implied in the forward-looking statements, including those
● the effect of litigation and government investigations or proceedings
factors discussed or incorporated by reference in (a) Item 1A. Risk Factors
● changes in technology, including with respect to new, developing, or
in the 2013 Form 10-K, (b) Management’s Financial Discussion and Analysis
 alternative sources of generation
in the 2013 Form 10-K, and (c) the following factors (in addition to others
● the potential effects of threatened or actual terrorism, cyber attacks or data
described elsewhere in this report and in subsequent securities filings):
security breaches, including increased security costs, and war or a
● resolution of pending and future rate cases and negotiations,
catastrophic event such as a nuclear accident or a natural gas pipeline
including various performance-based rate discussions,
explosion
Entergy’s utility supply plan, and recovery of fuel and purchased power costs
● Entergy’s ability to attract and retain talented management and directors
● the termination of Entergy Arkansas’s participation in the System Agreement,
● changes in accounting standards and corporate governance
which occurred in December 2013, the termination of Entergy Mississippi's
● declines in the market prices of marketable securities and
participation in the System Agreement in November 2015, the termination of
resulting funding requirements for Entergy’s defined benefit
Entergy Texas's, Entergy Gulf States Louisiana's, and Entergy Louisiana's
pension and other postretirement benefit plans
participation in the System Agreement after expiration of the recently proposed
● future wage and employee benefit costs, including changes
60-month notice period or such other period as approved by the FERC
in discount rates and returns on benefit plan assets
● regulatory and operating challenges and uncertainties and economic risks
● changes in decommissioning trust fund values or earnings
associated with the Utility operating companies’ move to the MISO RTO,
or in the timing of or cost to decommission nuclear plant sites
which occurred in December 2013, including the effect of RTO rules and system
● the implementation of the shutdown of Vermont Yankee by the end of 2014
conditions in the MISO markets, the allocation of MISO system transmission upgrade
and the related decommissioning of Vermont Yankee
costs, and the effect of planning decisions that MISO makes with respect to future
● the effectiveness of Entergy’s risk management policies and
transmission investments by the Utility operating companies
procedures and the ability and willingness of its counterparties
● changes in utility regulation, including the beginning or end of retail and wholesale
to satisfy their financial and performance commitments
 competition, the ability to recover net utility assets and other potential stranded
● factors that could lead to impairment of long-lived assets
 costs, and the application of more stringent transmission reliability requirements
● the ability to successfully complete merger, acquisition, or
 or market power criteria by the FERC
divestiture plans, regulatory or other limitations imposed as a
● changes in regulation of nuclear generating facilities and nuclear materials and fuel,
result of merger, acquisition, or divestiture, and the success of
including with respect to the planned or potential shutdown of nuclear generating facilities
the business following a merger, acquisition, or divestiture
owned or operated by the Entergy Wholesale Commodities business, and the effects of
new or existing safety or environmental concerns regarding nuclear power plants
REGULATION G COMPLIANCE
and nuclear fuel
Financial performance measures shown in this report include those
● resolution of pending or future applications, and related regulatory proceedings
calculated and presented in accordance with generally accepted
and litigation, for license renewals or modifications or other authorizations required
accounting principles (GAAP), as well as those that are considered
of nuclear generating facilities
non-GAAP measures. This report includes non-GAAP measures
● the performance of and deliverability of power from Entergy’s generation
of operational earnings; operational adjusted EBITDA; operational return
 resources, including the capacity factors at its nuclear generating facilities
on average invested capital; operational return on average common or
● Entergy’s ability to develop and execute on a point of view regarding future
members’ equity; operational price to earnings ratio; operational common
prices of electricity, natural gas, and other energy-related commodities
dividend payout ratio; gross liquidity, debt to capital ratio, excluding
● prices for power generated by Entergy’s merchant generating
securitization debt; net debt to net capital ratio, excluding securitization debt;
facilities and the ability to hedge, meet credit support requirements for hedges,
net debt to net capital ratio including off-balance sheet liabilities, excluding
sell power forward or otherwise reduce the market price risk associated
securitization debt; total debt, excluding assumption debt; debt to capital
with those facilities, including the Entergy Wholesale Commodities nuclear plants
ratio, excluding assumption debt; and net debt to net capital ratio, excluding
●  the prices and availability of fuel and power Entergy must purchase
assumption debt when describing Entergy’s results of operations and financial
for its Utility customers, and Entergy’s ability to meet credit support
performance. We have prepared reconciliations of these measures to the
requirements for fuel and power supply contracts
most directly comparable GAAP measures. Reconciliations can be found
● volatility and changes in markets for electricity, natural gas,
on pages 7, 9, and 57 – 67.
uranium, and other energy-related commodities
 
● changes in law resulting from federal or state energy legislation or
 
legislation subjecting energy derivatives used in hedging and risk
 
management transactions to governmental regulation
 
● changes in environmental, tax, and other laws, including requirements for
 
reduced emissions of sulfur, nitrogen, carbon, greenhouse gases, mercury,
and other regulated air and water emissions, and changes in costs of
 
compliance with environmental and other laws and regulations
 
   
   
 

 
 

 

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 $11 billion annual revenues
   
●  Approximately 14,000 employees
 
In fourth quarter 2012, Entergy included subsidiaries
●  84 electric generating units operated
 
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.
     

 
 

 

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 196,000 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 700,000 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
 
●  1,057 net MW non-nuclear generating capacity
sells electric power to 392,000 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 93,000 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
 
In August 2013, Entergy announced plans to close and decommission
power to 677,000 retail customers in portions of Louisiana.
 
Vermont Yankee. The plant is expected to cease power production in
   
fourth quarter 2014 when its current fuel cycle ends.
ENTERGY MISSISSIPPI, INC. (EMI)
   
Entergy Mississippi generates, transmits, distributes, and sells electric
In November 2013, Entergy sold Entergy Solutions District Energy,
power to 441,000 retail customers in portions of Mississippi.
 
a business wholly-owned by Entergy in the Entergy Wholesale Commodities
   
segment that owns and operates district energy assets serving the business
ENTERGY NEW ORLEANS, INC. (ENOI)
 
districts in Houston and New Orleans. Entergy sold Entergy Solutions District
Entergy New Orleans generates, transmits, distributes, and sells
 
Energy for $140 million and realized a pre-tax gain of $44 million on the sale.
electric power to 168,000 retail customers in the city of New Orleans,
 
Louisiana. Entergy New Orleans also provides natural gas utility
   
service to 103,000 customers in the city of New Orleans.
   
     
ENTERGY TEXAS, INC. (ETI)
   
Entergy Texas generates, transmits, distributes, and sells electric power
 
to 422,000 retail customers in portions of Texas.
   
     
SYSTEM ENERGY RESOURCES, INC. (SERI)
   
System Energy owns or leases 90% 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)
 
2013
   
2012
   
2011
   
2010
   
2009
 
GAAP MEASURES
                             
Operating Revenues
  $ 11,391     $ 10,302     $ 11,229     $ 11,488     $ 10,746  
As-Reported Net Income
  $ 712     $ 847     $ 1,346     $ 1,250     $ 1,231  
As-Reported Earnings Per Share
  $ 3.99     $ 4.76     $ 7.55     $ 6.66     $ 6.30  
Shares of Common Stock Outstanding:
                                       
End of Year
    178.4       177.8       176.4       178.7       189.1  
Weighted Average – Diluted
    178.6       177.7       178.4       187.8       195.8  
Return on Average Invested Capital – As-Reported
    4.7 %     5.5 %     8.0 %     7.8 %     7.7 %
Return on Average Common Equity – As-Reported
    7.6 %     9.3 %     15.4 %     14.6 %     14.9 %
Net Cash Flow Provided by Operating Activities
  $ 3,189     $ 2,940     $ 3,129     $ 3,926     $ 2,933  
Year-End Closing Market Price Per Share of Common Stock
  $ 63.27     $ 63.75     $ 73.05     $ 70.83     $ 81.84  
Book Value Per Share at End of Year
  $ 54.00     $ 51.72     $ 50.81     $ 47.53     $ 45.54  
Market Value of Equity at End of Year
  $ 11,286     $ 11,335     $ 12,883     $ 12,661     $ 15,477  
Price to Earnings Ratio – As-Reported
    15.87       13.39       9.68       10.64       12.99  
Common Dividend Paid Per Share
  $ 3.32     $ 3.32     $ 3.32     $ 3.24     $ 3.00  
Common Dividend Payout Ratio – As-Reported
    83 %     70 %     44 %     49 %     48 %
NON-GAAP MEASURES
                                       
Operational Earnings
  $ 957     $ 1,109     $ 1,359     $ 1,332     $ 1,302  
Operational Earnings Per Share
  $ 5.36     $ 6.23     $ 7.62     $ 7.10     $ 6.67  
Special Items Per Share
  $ (1.37 )   $ (1.47 )   $ (0.07 )   $ (0.44 )   $ (0.37 )
Return on Average Invested Capital – Operational
    5.8 %     6.6 %     8.0 %     8.2 %     8.1 %
Return on Average Common Equity – Operational
    10.2 %     12.2 %     15.6 %     15.6 %     15.7 %
Price to Earnings Ratio – Operational
    11.80       10.23       9.59       9.98       12.27  
Common Dividend Payout Ratio – Operational
    62 %     53 %     44 %     46 %     45 %
                                         
                                         
                                         
UTILITY ELECTRIC OPERATING DATA
                                       
 
    2013       2012       2011       2010       2009  
Retail Kilowatt-Hour Sales (millions)
    107,781       107,004       108,688       107,510       99,148  
Peak Demand (megawatts)
    21,581       21,866       22,387       21,799       21,009  
Retail Customers – Year End (thousands)
    2,800       2,778       2,757       2,743       2,719  
                                         
                                         
                                         
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
                                       
 
    2013       2012       2011       2010       2009  
Operating Revenues (millions)(a)
  $ 2,313     $ 2,326     $ 2,414     $ 2,566     $ 2,711  
Billed Electric Energy Sales  (gigawatt hours)
    45,127       46,178       43,497       42,934       43,743  
(a) Includes revenue associated with below-market PPA for Palisades of $17,654,839 for 2013, $16,724,963 for 2012, $42,996,197 for 2011, $46,296,187 for 2010, and $52,520,249 for 2009.
 
                                         
                                         
EMPLOYEES
                                       
 
    2013       2012       2011       2010       2009  
Total Employees – Year End
    13,808       14,625       14,682       14,958       15,181  
                                         
 
 
 
OWNED AND LEASED CAPABILITY (MW)(a)
   
 
   
 
         
 
   
 
   
 
 
As of December 31, 2013
                                                 
         
Entergy
                                   Entergy      
   
Entergy
   
Gulf States
   
Entergy
   
Entergy
   
Entergy
   
Entergy
   
System
     Wholesale
          
 
   
Arkansas
   
Louisiana
   
Louisiana
   
Mississippi
   
New Orleans
   
Texas
   
Energy
   
Commodities(c)(d)
 
Total
 
Gas/Oil
    1,646       1,634       4,903       3,000       781       2,283       -       796       15,043  
Coal
    1,197       367       -       420       -       271       -       181       2,436  
Total Fossil
    2,843       2,001       4,903       3,420       781       2,554       -       977       17,479  
Nuclear
    1,819       968       1,156       -       -       -       1,272       5,011       10,226  
 Other(b)
    74       -       -       -       -       -       -       80       154  
Total
    4,736       2,969       6,059       3,420       781       2,554       1,272       6,068       27,859  
(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.
                         
                                                                         

 
 

 
 
 
CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
         
 
   
 
   
 
                   
                                                                   
CONSOLIDATED QUARTERLY FINANCIAL METRICS
               
 
   
 
   
 
   
 
                   
                                                                   
   
2013
   
2012
   
YTD %
 
      1 Q     2 Q     3 Q     4 Q  
YTD
      1 Q     2 Q     3 Q     4 Q  
YTD
   
CHANGE
 
GAAP MEASURES
                                                                             
 
 
As-Reported Net Income ($ millions)
    161.4       163.7       239.9       146.9       711.9       (151.7 )     365.0       337.1       296.3       846.7       (15.9 )
Return on Average Invested Capital –
                                                                                 
         As-Reported (%)(a)
    6.9       5.9       5.5       4.7       4.7       6.0       6.2       4.8       5.5       5.5       (14.5 )
Return on Average Common Equity –
                                                                                 
         As-Reported (%)(a)
    12.8       10.5       9.3       7.6       7.6       10.8       11.3       7.8       9.3       9.3       (18.3 )
    Cash Flow Interest Coverage (# times)(a)
    5.9       5.8       5.9       6.2       6.2       7.5       7.2       6.8       6.1       6.1       1.6  
Revolver Capacity ($ millions)
    3,542       3,819       4,129       3,977       3,977       2,825       2,762       2,917       3,462       3,462       14.9  
Total Debt ($ millions)
    13,471       13,747       13,623       13,678       13,678       12,619       12,533       12,931       13,473       13,473       1.5  
Debt to Capital Ratio (%)
    58.7       59.0       58.4       57.9       57.9       57.9       57.4       57.7       58.7       58.7       (1.4 )
Off-Balance Sheet Liabilities ($ millions)
    595       594       592       542       542       601       600       599       595       595       (8.9 )
                                                                                         
NON-GAAP MEASURES
                                                                                       
Operational Earnings ($ millions)
    167.7       179.7       430.4       179.3       957.1       79.0       374.6       347.8       307.1       1,108.5       (13.7 )
Return on Average Invested Capital –
                                                                                 
         Operational (%)(a)
    7.0       6.1       6.4       5.8       5.8       7.2       7.4       6.0       6.6       6.6       (12.1 )
Return on Average Common Equity –
                                                                                 
         Operational (%)(a)
    13.2       10.9       11.7       10.2       10.2       13.6       14.2       10.7       12.2       12.2       (16.4 )
Total Gross Liquidity ($ millions)
    3,805       4,130       4,494       4,716       4,716       3,510       3,045       3,667       3,995       3,995       18.0  
Debt to Capital Ratio,
     Excluding Securitization Debt (%)
    56.9       57.3       56.7       56.3       56.3       55.7       55.3       55.7       56.9       56.9       (1.1 )
Net Debt to Net Capital Ratio,
     Excluding Securitization Debt (%)
    56.3       56.7       56.0       54.8       54.8       54.2       54.7       54.1       55.8       55.8       (1.8 )
Net Debt to Net Capital Ratio Including
                                                                                 
     Off-Balance Sheet Liabilities,
      Excluding Securitization Debt (%)
    57.5       57.8       57.2       55.9       55.9       55.5       56.0       55.4       57.0       57.0       (1.9 )
(a) Rolling twelve months. Totals may not foot due to rounding.
                                                                 
 
 
 
 
CONSOLIDATED ANNUAL FINANCIAL METRICS
                             
                               
   
2013
   
2012
   
2011
   
2010
   
2009
 
GAAP MEASURES
                             
As-Reported Net Income ($ millions)
    712       847       1,346       1,250       1,231  
Return on Average Invested Capital – As-Reported (%)
    4.7       5.5       8.0       7.8       7.7  
Return on Average Common Equity – As-Reported (%)
    7.6       9.3       15.4       14.6       14.9  
Cash Flow Interest Coverage (# times)
    6.2       6.1       7.1       7.8       6.1  
Revolver Capacity ($ millions)
    3,977       3,462       2,001       2,354       1,464  
Total Debt ($ millions)
    13,678       13,473       12,387       11,816       12,014  
Debt to Capital Ratio (%)
    57.9       58.7       57.3       57.3       57.4  
Off-Balance Sheet Liabilities ($ millions)
                                       
Debt of Joint Ventures – Entergy’s Share
    86       90       94       107       116  
Leases – Entergy’s Share
    456       505       508       546       530  
Total
    542       595       602       653       646  
                                         
NON-GAAP MEASURES
                                       
Operational Earnings ($ millions)
    957       1,109       1,359       1,332       1,302  
Return on Average Invested Capital – Operational (%)
    5.8       6.6       8.0       8.2       8.1  
Return on Average Common Equity – Operational (%)
    10.2       12.2       15.6       15.6       15.7  
Total Gross Liquidity ($ millions)
    4,716       3,995       2,695       3,648       3,174  
Debt to Capital Ratio,
     Excluding Securitization Debt (%)
    56.3       56.9       55.0       55.3       55.6  
Net Debt to Net Capital Ratio, Excluding Securitization Debt (%)
    54.8       55.8       53.5       52.1       51.5  
Net Debt to Net Capital Ratio Including Off-Balance Sheet
                                 
     Liabilities, Excluding Securitization Debt (%)
    55.9       57.0       54.8       53.8       53.1  
Totals may not foot due to rounding.
                                       


 
 

 

FINANCIAL RESULTS
                                                                 
                                                                   
ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
                   
                                                                   
   
2013
   
2012
   
YTD
 
($/share)
    1 Q     2 Q     3 Q     4 Q  
YTD
      1 Q     2 Q     3 Q     4 Q  
YTD
   
CHANGE
 
AS-REPORTED
                                 
 
                                   
 
   
 
 
Utility
    0.69       1.10       1.95       0.90       4.64       0.35       1.72       1.66       1.57       5.30       (0.66 )
Entergy Wholesale Commodities
    0.46       0.06       (0.52 )     0.24       0.24       (0.99 )     0.40       0.49       0.33       0.23       0.01  
Parent & Other
    (0.25 )     (0.24 )     (0.09 )     (0.32 )     (0.89 )     (0.22 )     (0.06 )     (0.26 )     (0.24 )     (0.77 )     (0.12 )
CONSOLIDATED AS-REPORTED EARNINGS
    0.90       0.92       1.34       0.82       3.99       (0.86 )     2.06       1.89       1.66       4.76       (0.77 )
LESS SPECIAL ITEMS
                                                                                       
Utility
    (0.04 )     (0.08 )     (0.09 )     0.04       (0.16 )     (0.03 )     (0.05 )     (0.06 )     (0.06 )     (0.21 )     0.05  
Entergy Wholesale Commodities
    -       (0.01 )     (0.98 )     (0.24 )     (1.23 )     (1.26 )     -       -       -       (1.26 )     0.03  
Parent & Other
    -       -       -       0.02       0.02       (0.01 )     -       -       -       -       0.02  
TOTAL SPECIAL ITEMS
    (0.04 )     (0.09 )     (1.07 )     (0.18 )     (1.37 )     (1.30 )     (0.05 )     (0.06 )     (0.06 )     (1.47 )     0.10  
OPERATIONAL
                                                                                       
Utility
    0.73       1.18       2.04       0.86       4.80       0.38       1.77       1.72       1.63       5.51       (0.71 )
Entergy Wholesale Commodities
    0.46       0.07       0.46       0.48       1.47       0.27       0.40       0.49       0.33       1.49       (0.02 )
Parent & Other
    (0.25 )     (0.24 )     (0.09 )     (0.34 )     (0.91 )     (0.21 )     (0.06 )     (0.26 )     (0.24 )     (0.77 )     (0.14 )
CONSOLIDATED OPERATIONAL EARNINGS
    0.94       1.01       2.41       1.00       5.36       0.44       2.11       1.95       1.72       6.23       (0.87 )
                                                                                         
Weather Impact
    (0.10 )     (0.02 )     0.01       0.11       -       (0.18 )     0.08       0.08       (0.07 )     (0.09 )     0.09  
                                                                                         
SHARES OF COMMON STOCK
                                                                                       
OUTSTANDING (in millions)
                                                                                       
End of Period
    178.1       178.2       178.3       178.4       178.4       177.2       177.2       177.7       177.8       177.8       0.6  
Weighted Average - Diluted
    178.4       178.6       178.7       178.8       178.6       177.4       177.6       178.0       178.0       177.7       0.9  
Totals may not foot due to rounding.
                                                                                       
                                                                                         
 
 
 
 

 
 

FINANCIAL RESULTS
                                                                 
                                                                   
ENTERGY CORPORATION CONSOLIDATED QUARTERLY SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)
             
                                                                   
 
 
2013
   
2012
   
YTD
 
($/share)
    1 Q     2 Q     3 Q     4 Q  
YTD
      1 Q     2 Q     3 Q     4 Q  
YTD
   
CHANGE
 
UTILITY
                                 
 
                                   
 
   
 
 
SPECIAL ITEMS
                                                                                 
Transmission business spin-merge expenses
    (0.04 )     (0.07 )     (0.06 )     0.11       (0.05 )     (0.03 )     (0.05 )     (0.06 )     (0.06 )     (0.21 )     0.16  
HCM implementation expenses
    -       (0.01 )     (0.03 )     (0.07 )     (0.11 )     -       -       -       -       -       (0.11 )
Total
    (0.04 )     (0.08 )     (0.09 )     0.04       (0.16 )     (0.03 )     (0.05 )     (0.06 )     (0.06 )     (0.21 )     0.05  
ENTERGY WHOLESALE COMMODITIES
                                                                                       
SPECIAL ITEMS
                                                                                       
VY asset impairments/related charges
    -       -       (0.97 )     (0.18 )     (1.15 )     (1.26 )     -       -       -       (1.26 )     0.11  
HCM implementation expenses
    -       (0.01 )     (0.01 )     (0.06 )     (0.08 )     -       -       -       -       -       (0.08 )
Total
    -       (0.01 )     (0.98 )     (0.24 )     (1.23 )     (1.26 )     -       -       -       (1.26 )     0.03  
PARENT & OTHER
                                                                                       
SPECIAL ITEMS
                                                                                       
Transmission business spin-merge expenses
    -       -       -       0.03       0.03       (0.01 )     -       -       -       -       0.03  
HCM implementation expenses
    -       -       -       (0.01 )     (0.01 )     -       -       -       -       -       (0.01 )
Total
    -       -       -       0.02       0.02       (0.01 )     -       -       -       -       0.02  
TOTAL SPECIAL ITEMS
    (0.04 )     (0.09 )     (1.07 )     (0.18 )     (1.37 )     (1.30 )     (0.05 )     (0.06 )     (0.06 )     (1.47 )     0.10  
                                                                                         
 
   2013      2012    
YTD
 
($ millions)
    1 Q     2 Q     3 Q     4 Q  
YTD
      1 Q     2 Q     3 Q     4 Q  
YTD
   
CHANGE
 
UTILITY
                                                                                       
SPECIAL ITEMS
                                                                                       
Transmission business spin-merge expenses
    (6.3 )     (12.2 )     (10.1 )     20.0       (8.7 )     (5.8 )     (9.9 )     (10.7 )     (10.7 )     (37.1 )     28.4  
HCM implementation expenses
    -       (2.7 )     (5.2 )     (12.5 )     (20.3 )     -       -       -       -       -       (20.3 )
Total
    (6.3 )     (14.9 )     (15.3 )     7.5       (29.0 )     (5.8 )     (9.9 )     (10.7 )     (10.7 )     (37.1 )     8.1  
ENTERGY WHOLESALE COMMODITIES
                                                                                       
SPECIAL ITEMS
                                                                                       
VY asset impairments/related charges
    -       -       (173.1 )     (31.8 )     (204.8 )     (223.5 )     -       -       -       (223.5 )     18.7  
HCM implementation expenses
    -       (1.1 )     (2.1 )     (11.8 )     (15.0 )     -       -       -       -       -       (15.0 )
Total
    -       (1.1 )     (175.2 )     (43.6 )     (219.8 )     (223.5 )     -       -       -       (223.5 )     3.7  
PARENT & OTHER
                                                                                       
SPECIAL ITEMS
                                                                                       
Transmission business spin-merge expenses
    -       -       -       5.5       5.5       (1.4 )     0.3       -       -       (1.0 )     6.5  
HCM implementation expenses
    -       -       -       (1.8 )     (1.9 )     -       -       -       -       -       (1.9 )
Total
    -       -       -       3.7       3.6       (1.4 )     0.3       -       -       (1.0 )     4.6  
TOTAL SPECIAL ITEMS
    (6.3 )     (16.0 )     (190.5 )     (32.4 )     (245.2 )     (230.7 )     (9.6 )     (10.7 )     (10.7 )     (261.6 )     16.4  
Totals may not foot due to rounding.
                                                                                       
                                                                                         


 
 

 

FINANCIAL RESULTS
                             
                               
ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
             
                               
($/share)
 
2013
   
2012
   
2011
   
2010
   
2009
 
AS-REPORTED
                             
Utility
    4.64       5.30       6.20       4.33       3.53  
Entergy Wholesale Commodities
    0.24       0.23       2.74       2.38       3.10  
Parent & Other
    (0.89 )     (0.77 )     (1.39 )     (0.05 )     (0.33 )
CONSOLIDATED AS-REPORTED EARNINGS
    3.99       4.76       7.55       6.66       6.30  
LESS SPECIAL ITEMS
                                       
Utility
    (0.16 )     (0.21 )     -       -       -  
Entergy Wholesale Commodities
    (1.23 )     (1.26 )     -       (0.54 )     (0.23 )
Parent & Other
    0.02       -       (0.07 )     0.10       (0.14 )
TOTAL SPECIAL ITEMS
    (1.37 )     (1.47 )     (0.07 )     (0.44 )     (0.37 )
OPERATIONAL
                                       
Utility
    4.80       5.51       6.20       4.33       3.53  
Entergy Wholesale Commodities
    1.47       1.49       2.74       2.92       3.33  
Parent & Other
    (0.91 )     (0.77 )     (1.32 )     (0.15 )     (0.19 )
CONSOLIDATED OPERATIONAL EARNINGS
    5.36       6.23       7.62       7.10       6.67  
Weather Impact
    -       (0.09 )     0.52       0.62       (0.01 )
                                         
                                         
 

 
 

 

 
FINANCIAL RESULTS
                             
                               
ENTERGY CORPORATION CONSOLIDATED ANNUAL SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)
       
                               
($/share)
 
2013
   
2012
   
2011
   
2010
   
2009
 
UTILITY SPECIAL ITEMS
                             
Transmission business spin-merge expenses
    (0.05 )     (0.21 )     -       -       -  
HCM implementation expenses
    (0.11 )     -       -       -       -  
Total
    (0.16 )     (0.21 )     -       -       -  
ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
                                       
VY asset impairments/related charges
    (1.15 )     (1.26 )     -       -       -  
HCM implementation expenses
    (0.08 )     -       -       -       -  
Non-utility nuclear spin-off expenses
    -       -       -       (0.54 )     (0.23 )
Total
    (1.23 )     (1.26 )     -       (0.54 )     (0.23 )
PARENT & OTHER SPECIAL ITEMS
                                       
Transmission business spin-merge expenses
    0.03       -       (0.07 )     -       -  
HCM implementation expenses
    (0.01 )     -       -       -       -  
Non-utility nuclear spin-off expenses
    -       -       -       0.10       (0.14 )
Total
    0.02       -       (0.07 )     0.10       (0.14 )
TOTAL SPECIAL ITEMS
    (1.37 )     (1.47 )     (0.07 )     (0.44 )     (0.37 )
                                         
($ millions)
    2013       2012       2011       2010       2009  
UTILITY SPECIAL ITEMS
                                       
Transmission business spin-merge expenses
    (8.7 )     (37.1 )     -       -       -  
HCM implementation expenses
    (20.3 )     -       -       -       -  
Total
    (29.0 )     (37.1 )     -       -       -  
ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
                                       
VY asset impairments/related charges
    (204.8 )     (223.5 )     -       -       -  
HCM implementation expenses
    (15.0 )     -       -       -       -  
Non-utility nuclear spin-off expenses
    -       -       -       (100.7 )     (44.0 )
Total
    (219.8 )     (223.5 )     -       (100.7 )     (44.0 )
PARENT & OTHER SPECIAL ITEMS
                                       
Transmission business spin-merge expenses
    5.5       (1.0 )     (13.0 )     -       -  
HCM implementation expenses
    (1.9 )     -       -       -       -  
Non-utility nuclear spin-off expenses
    -       -       -       18.5       (27.0 )
Total
    3.6       (1.0 )     (13.0 )     18.5       (27.0 )
TOTAL SPECIAL ITEMS
    (245.2 )     (261.6 )     (13.0 )     (82.2 )     (71.0 )
                                         

 
 
 

 
 
 
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
 Income taxes
HCM implementation expenses
Operating expenses: Other operation and maintenance
 
ENTERGY WHOLESALE COMMODITIES SPECIAL ITEMS
 
VY asset impairments/related charges
Operating expenses: Other operation and maintenance
  Income taxes
HCM implementation expenses
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
 
   
PARENT & OTHER SPECIAL ITEMS
 
Transmission business spin-merge expenses
Operating expenses: Other operation and maintenance
 Income taxes
HCM implementation expenses
Operating expenses: Other operation and maintenance
Non-utility nuclear spin-off expenses
Operating expenses: Other operation and maintenance
 Income taxes
   
   
 
 
 
 

 

FINANCIAL RESULTS
                             
                               
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
                             
                               
In thousands, except share data, for the years ended December 31,
 
2013
   
2012
   
2011
   
2010
   
2009
 
OPERATING REVENUES:
                             
Electric
  $ 8,942,360     $ 7,870,649     $ 8,673,517     $ 8,740,637     $ 7,880,016  
Natural gas
    154,353       130,836       165,819       197,658       172,213  
Competitive businesses
    2,294,234       2,300,594       2,389,737       2,549,282       2,693,421  
Total
    11,390,947       10,302,079       11,229,073       11,487,577       10,745,650  
OPERATING EXPENSES:
                                       
Operating and maintenance:
                                       
Fuel, fuel-related expenses, and gas purchased for resale
    2,445,818       2,036,835       2,492,714       2,518,582       2,309,831  
Purchased power
    1,554,332       1,255,800       1,564,967       1,659,416       1,395,203  
Nuclear refueling outage expenses
    256,801       245,600       255,618       256,123       241,310  
Asset impairments and related charges
    341,537       355,524       -       -       -  
Other operation and maintenance
    3,331,934       3,045,392       2,867,758       2,969,402       2,750,810  
Decommissioning
    242,104       184,760       190,595       211,736       199,063  
Taxes other than income taxes
    600,350       557,298       536,026       534,299       503,859  
Depreciation and amortization
    1,261,044       1,144,585       1,102,202       1,069,894       1,082,775  
Other regulatory charges (credits) – net
    45,597       175,104       205,959       44,921       (21,727 )
Total
    10,079,517       9,000,898       9,215,839       9,264,373       8,461,124  
Gain on sale of business
    43,569       -       -       44,173       -  
OPERATING INCOME
    1,354,999       1,301,181       2,013,234       2,267,377       2,284,526  
OTHER INCOME (DEDUCTIONS):
                                       
Allowance for equity funds used during construction
    66,053       92,759       84,305       59,381       59,545  
Interest and investment income
    199,300       127,776       128,994       184,077       236,628  
Other than temporary impairment losses
    -       -       -       -       (86,069 )
Miscellaneous – net
    (59,762 )     (53,214 )     (59,271 )     (48,124 )     (40,396 )
Total
    205,591       167,321       154,028       195,334       169,708  
INTEREST EXPENSE:
                                       
Interest expense
    629,537       606,596       551,521       610,146       603,679  
Allowance for borrowed funds used during construction
    (25,500 )     (37,312 )     (37,894 )     (34,979 )     (33,235 )
Total
    604,037       569,284       513,627       575,167       570,444  
INCOME BEFORE INCOME TAXES
    956,553       899,218       1,653,635       1,887,544       1,883,790  
Income taxes
    225,981       30,855       286,263       617,239       632,740  
CONSOLIDATED NET INCOME
    730,572       868,363       1,367,372       1,270,305       1,251,050  
Preferred dividend requirements of subsidiaries
    18,670       21,690       20,933       20,063       19,958  
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
  $ 711,902     $ 846,673     $ 1,346,439     $ 1,250,242     $ 1,231,092  
Basic earnings per average common share
  $ 3.99     $ 4.77     $ 7.59     $ 6.72     $ 6.39  
Diluted earnings per average common share
  $ 3.99     $ 4.76     $ 7.55     $ 6.66     $ 6.30  
Average number of common shares outstanding:
                                       
Basic
    178,211,192       177,324,813       177,430,208       186,010,452       192,772,032  
Diluted
    178,570,400       177,737,565       178,370,695       187,814,235       195,838,068  
Certain prior year data has been reclassified to conform with current year presentation.
                         
                                         


 
 

 

FINANCIAL RESULTS
                       
                         
2013 CONSOLIDATING INCOME STATEMENT (unaudited)
                       
                         
         
ENTERGY
             
         
WHOLESALE
     PARENT &        
In thousands, except share data, for the year ended December 31, 2013.
 
UTILITY
   
COMMODITIES
   
 OTHER
   
CONSOLIDATED
 
OPERATING REVENUES:
 
 
   
 
   
 
   
 
 
Electric
  $ 8,947,433     $ -     $ (5,073 )   $ 8,942,360  
Natural gas
    154,353       -       -       154,353  
Competitive businesses
    -       2,312,758       (18,524 )     2,294,234  
Total
    9,101,786       2,312,758       (23,597 )     11,390,947  
OPERATING EXPENSES:
                               
Operating and maintenance:
                               
Fuel, fuel-related expenses, and gas purchased for resale
    2,036,749       411,233       (2,164 )     2,445,818  
Purchased power
    1,495,643       99,460       (40,771 )     1,554,332  
Nuclear refueling outage expenses
    124,960       131,841       -       256,801  
Asset impairments and related charges
    9,411       329,336       2,790       341,537  
Other operation and maintenance
    2,263,894       1,048,061       19,979       3,331,934  
Decommissioning
    116,812       125,292       -       242,104  
Taxes other than income taxes
    469,969       129,020       1,361       600,350  
Depreciation and amortization
    1,041,031       215,871       4,142       1,261,044  
Other regulatory charges (credits) - net
    45,597       -       -       45,597  
Total
    7,604,066       2,490,114       (14,663 )     10,079,517  
Gain on sale of business
    -       43,569       -       43,569  
OPERATING INCOME
    1,497,720       (133,787 )     (8,934 )     1,354,999  
OTHER INCOME (DEDUCTIONS):
                               
Allowance for equity funds used during construction
    66,053       -       -       66,053  
Interest and investment income
    186,724       137,727       (125,151 )     199,300  
Miscellaneous – net
    (29,192 )     (22,112 )     (8,458 )     (59,762 )
Total
    223,585       115,615       (133,609 )     205,591  
INTEREST EXPENSE:
                               
Interest expense
    534,673       16,323       78,541       629,537  
Allowance for borrowed funds used during construction
    (25,500 )     -       -       (25,500 )
Total
    509,173       16,323       78,541       604,037  
INCOME BEFORE INCOME TAXES
    1,212,132       (34,495 )     (221,084 )     956,553  
Income taxes
    365,917       (77,471 )     (62,465 )     225,981  
CONSOLIDATED NET INCOME
    846,215       42,976       (158,619 )     730,572  
Preferred dividend requirements of subsidiaries
    17,329       91       1,250       18,670  
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
  $ 828,886     $ 42,885     $ (159,869 )   $ 711,902  
Basic earnings per average common share
  $ 4.65     $ 0.24     $ (0.90 )   $ 3.99  
Diluted earnings per average common share
  $ 4.64     $ 0.24     $ (0.89 )   $ 3.99  
Totals may not foot due to rounding.
                               


 
 

 
 

FINANCIAL RESULTS
                             
                               
CONSOLIDATED BALANCE SHEETS (unaudited)
                             
                               
In thousands, as of December 31,
 
2013
   
2012
   
2011
   
2010
   
2009
 
ASSETS
                             
CURRENT ASSETS:
                             
Cash and cash equivalents:
                             
Cash
  $ 129,979     $ 112,992     $ 81,468     $ 76,290     $ 85,861  
Temporary cash investments
    609,147       419,577       612,970       1,218,182       1,623,690  
Total cash and cash equivalents
    739,126       532,569       694,438       1,294,472       1,709,551  
Securitization recovery trust account
    45,885       46,040       50,304       43,044       13,098  
Accounts receivable:
                                       
Customer
    670,641       568,871       568,558       602,796       553,692  
Allowance for doubtful accounts
    (34,311 )     (31,956 )     (31,159 )     (31,777 )     (27,631 )
Other
    195,028       161,408       166,186       161,662       152,303  
Accrued unbilled revenues
    340,828       303,392       298,283       302,901       302,463  
Total accounts receivable
    1,172,186       1,001,715       1,001,868       1,035,582       980,827  
Deferred fuel costs
    116,379       150,363       209,776       64,659       126,798  
Accumulated deferred income taxes
    175,073       306,902       9,856       8,472       -  
Fuel inventory – at average cost
    208,958       213,831       202,132       207,520       196,855  
Materials and supplies – at average cost
    915,006       928,530       894,756       866,908       825,702  
Deferred nuclear refueling outage costs
    192,474       243,374       231,031       218,423       225,290  
System agreement cost equalization
    61,040       16,880       36,800       52,160       70,000  
Prepaid taxes
    -       -       -       301,807       184,819  
Prepayments and other
    303,564       242,922       291,742       246,036       201,221  
Total
    3,929,691       3,683,126       3,622,703       4,339,083       4,534,161  
OTHER PROPERTY AND INVESTMENTS:
                                       
Investment in affiliates – at equity
    40,350       46,738       44,876       40,697       39,580  
Decommissioning trust funds
    4,903,144       4,190,108       3,788,031       3,595,716       3,211,183  
Non-utility property – at cost (less accumulated depreciation)
    199,375       256,039       260,436       257,847       247,664  
Other
    210,616       436,234       416,423       405,946       120,273  
Total
    5,353,485       4,929,119       4,509,766       4,300,206       3,618,700  
PROPERTY, PLANT AND EQUIPMENT:
                                       
Electric
    42,935,712       41,944,567       39,385,524       37,153,061       36,343,772  
Property under capital lease
    941,299       935,199       809,449       800,078       783,096  
Natural gas
    366,365       353,492       343,550       330,608       314,256  
Construction work in progress
    1,514,857       1,365,699       1,779,723       1,661,560       1,547,319  
Nuclear fuel under capital lease
    -       -       -       -       527,521  
Nuclear fuel
    1,566,904       1,598,430       1,546,167       1,377,962       739,827  
Total property, plant and equipment
    47,325,137       46,197,387       43,864,413       41,323,269       40,255,791  
Less – accumulated depreciation and amortization
    19,443,493       18,898,842       18,255,128       17,474,914       16,866,389  
Property, plant and equipment – net
    27,881,644       27,298,545       25,609,285       23,848,355       23,389,402  
DEFERRED DEBITS AND OTHER ASSETS:
                                       
Regulatory assets:
                                       
Regulatory asset for income taxes - net
    849,718       742,030       799,006       845,725       816,856  
Other regulatory assets (includes securitization property of
                                       
   $822,218 as of December 31, 2013, $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)
    3,893,363       5,025,912       4,636,871       3,838,237       3,647,154  
Deferred fuel costs
    172,202       172,202       172,202       172,202       172,202  
Goodwill
    377,172       377,172       377,172       377,172       377,172  
Accumulated deferred income taxes
    62,011       37,748       19,003       54,523       -  
Other
    887,160       936,648       955,691       909,773       1,006,306  
Total
    6,241,626       7,291,712       6,959,945       6,197,632       6,019,690  
TOTAL ASSETS
  $ 43,406,446     $ 43,202,502     $ 40,701,699     $ 38,685,276     $ 37,561,953  
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,
 
2013
   
2012
   
2011
   
2010
   
2009
 
LIABILITIES AND EQUITY
                             
CURRENT LIABILITIES:
                             
Currently maturing long-term debt
  $ 457,095     $ 718,516     $ 2,192,733     $ 299,548     $ 711,957  
Notes payable and commercial paper
    1,046,887       796,002       108,331       154,135       30,031  
Accounts payable
    1,173,313       1,217,180       1,069,096       1,181,099       998,228  
Customer deposits
    370,997       359,078       351,741       335,058       323,342  
Taxes accrued
    191,093       333,719       278,235       -       -  
Accumulated deferred income taxes
    28,307       13,109       99,929       49,307       48,584  
Interest accrued
    180,997       184,664       183,512       217,685       192,283  
Deferred fuel costs
    57,631       96,439       255,839       166,409       219,639  
Obligations under capital leases
    2,323       3,880       3,631       3,388       212,496  
Pension and other postretirement liabilities
    67,419       95,900       44,031       39,862       55,031  
System agreement cost equalization
    61,040       25,848       80,090       52,160       187,204  
Other
    423,470       261,986       283,531       277,598       215,202  
Total
    4,060,572       4,106,321       4,950,699       2,776,249       3,193,997  
                                         
NON-CURRENT LIABILITIES:
                                       
Accumulated deferred income taxes and taxes accrued
    8,724,635       8,311,756       8,096,452       8,573,646       7,662,798  
Accumulated deferred investment tax credits
    263,765       273,696       284,747       292,330       308,395  
Obligations under capital leases
    32,218       34,541       38,421       42,078       354,233  
Other regulatory liabilities
    1,295,955       898,614       728,193       539,026       378,862  
Decommissioning and asset retirement cost liabilities
    3,933,416       3,513,634       3,296,570       3,148,479       2,939,539  
Accumulated provisions
    115,139       362,226       385,512       395,250       141,315  
Pension and other postretirement liabilities
    2,320,704       3,725,886       3,133,657       2,175,364       2,241,039  
Long-term debt (includes securitization bonds
                                       
of $883,013 as of December 31, 2013, $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)
    12,139,149       11,920,318       10,043,713       11,317,157       10,705,738  
Other
    583,667       577,910       501,954       618,559       711,334  
Total
    29,408,648       29,618,581       26,509,219       27,101,889       25,443,253  
                                         
Commitments and Contingencies
                                       
                                         
                                         
Subsidiaries preferred stock without sinking fund
    210,760       186,511       186,511       216,738       217,343  
                                         
                                         
EQUITY:
                                       
Common shareholders' equity:
                                       
Common stock, $.01 par value, authorized 500,000,000
                                       
shares; issued 254,752,788 shares in 2013, 2012, 2011, 2010,
                                 
and 2009
    2,548       2,548       2,548       2,548       2,548  
Paid-in capital
    5,368,131       5,357,852       5,360,682       5,367,474       5,370,042  
Retained earnings
    9,825,053       9,704,591       9,446,960       8,689,401       8,043,122  
Accumulated other comprehensive loss
    (29,324 )     (293,083 )     (168,452 )     (38,212 )     (75,185 )
Less – treasury stock, at cost (76,381,936 shares in 2013;
                                       
76,945,239 shares in 2012; 78,396,988 shares in 2011;
                                       
76,006,920 shares in 2010; and 65,634,580 shares in 2009)
    5,533,942       5,574,819       5,680,468       5,524,811       4,727,167  
Total common shareholders' equity
    9,632,466       9,197,089       8,961,270       8,496,400       8,613,360  
Subsidiaries preferred stock without sinking fund
    94,000       94,000       94,000       94,000       94,000  
Total
    9,726,466       9,291,089       9,055,270       8,590,400       8,707,360  
                                         
TOTAL LIABILITIES AND EQUITY
  $ 43,406,446     $ 43,202,502     $ 40,701,699     $ 38,685,276     $ 37,561,953  
Certain prior year data has been reclassified to conform with current year presentation.
                         
                                         
                                         

 
 
 

 

FINANCIAL RESULTS
                       
                         
2013 CONSOLIDATING BALANCE SHEET (unaudited)
                       
         
ENTERGY
             
         
WHOLESALE
     PARENT &        
In thousands, as of December 31, 2013.
 
UTILITY
   
COMMODITIES
   
 OTHER
   
CONSOLIDATED
 
ASSETS
 
 
   
 
   
 
   
 
 
CURRENT ASSETS:
 
 
   
 
   
 
   
 
 
Cash and cash equivalents:
                       
Cash
  $ 119,781     $ 9,192     $ 1,006     $ 129,979  
Temporary cash investments
    431,436       167,266       10,445       609,147  
Total cash and cash equivalents
    551,217       176,458       11,451       739,126  
Securitization recovery trust account
    45,885       -       -       45,885  
Notes receivable
    -       530,389       (530,389 )     -  
Accounts receivable:
                               
    Customer
    509,176       161,465       -       670,641  
Allowance for doubtful accounts
    (34,311 )     -       -       (34,311 )
Associated companies
    47,887       2,776       (50,663 )     -  
Other
    184,640       10,353       35       195,028  
Accrued unbilled revenues
    340,828       -       -       340,828  
Total accounts receivable
    1,048,220       174,594       (50,628 )     1,172,186  
Deferred fuel costs
    116,379       -       -       116,379  
Accumulated deferred income taxes
    195,030       13,915       (33,872 )     175,073  
Fuel inventory – at average cost
    198,604       10,354       -       208,958  
Materials and supplies – at average cost
    603,557       311,449       -       915,006  
Deferred nuclear refueling outage costs
    78,633       113,841       -       192,474  
System agreement cost equalization
    61,040       -       -       61,040  
Prepayments and other
    255,907       180,477       (132,820 )     303,564  
Total
    3,154,472       1,511,477       (736,258 )     3,929,691  
OTHER PROPERTY AND INVESTMENTS:
                               
Investment in affiliates – at equity
    1,097,270       40,238       (1,097,158 )     40,350  
Decommissioning trust funds
    2,235,826       2,667,318       -       4,903,144  
Non-utility property – at cost (less accumulated depreciation)
    182,465       8,189       8,721       199,375  
Other
    150,015       60,601       -       210,616  
Total
    3,665,576       2,776,346       (1,088,437 )     5,353,485  
PROPERTY, PLANT AND EQUIPMENT:
                               
Electric
    38,043,514       4,888,807       3,391       42,935,712  
Property under capital lease
    941,299       -       -       941,299  
Natural gas
    366,365       -       -       366,365  
Construction work in progress
    1,217,138       297,451       268       1,514,857  
Nuclear fuel
    854,617       712,287       -       1,566,904  
   Total property, plant and equipment
    41,422,933       5,898,545       3,659       47,325,137  
Less – accumulated depreciation and amortization
    18,199,512       1,243,791       190       19,443,493  
Property, plant and equipment – net
    23,223,421       4,654,754       3,469       27,881,644  
DEFERRED DEBITS AND OTHER ASSETS:
                               
Regulatory assets:
                               
Regulatory asset for income taxes - net
    849,718       -       -       849,718  
Other regulatory assets (includes securitization property of
                               
     $822,218 as of December 31, 2013)
    3,893,363       -       -       3,893,363  
Deferred fuel costs
    172,202       -       -       172,202  
Goodwill
    374,099       3,073       -       377,172  
Accumulated deferred income taxes
    9,117       52,894       -       62,011  
Other
    197,617       698,161       (8,618 )     887,160  
Total
    5,496,116       754,128       (8,618 )     6,241,626  
TOTAL ASSETS
  $ 35,539,585     $ 9,696,705     $ (1,829,844 )   $ 43,406,446  
Totals may not foot due to rounding.
                               
                                 


 
 

 

FINANCIAL RESULTS
                       
                         
2013 CONSOLIDATING BALANCE SHEET (unaudited)
                       
         
ENTERGY
             
         
WHOLESALE
     PARENT &        
In thousands, as of December 31, 2013.
 
UTILITY
   
COMMODITIES
   
 OTHER
   
CONSOLIDATED
 
LIABILITIES AND EQUITY
 
 
   
 
   
 
   
 
 
CURRENT LIABILITIES:
                       
Currently maturing long-term debt
  $ 438,884     $ 18,211     $ -     $ 457,095  
Notes payable and commercial paper:
                               
Associated companies
    -       103,739       (103,739 )     -  
Other
    2,940       -       1,043,947       1,046,887  
Accounts payable:
                               
Associated companies
    15,836       28,216       (44,052 )     -  
Other
    916,616       256,018       679       1,173,313  
Customer deposits
    370,997       -       -       370,997  
Taxes accrued
    -       -       191,093       191,093  
Accumulated deferred income taxes
    97,463       (3 )     (69,153 )     28,307  
Interest accrued
    156,968       194       23,835       180,997  
Deferred fuel costs
    57,631       -       -       57,631  
Obligations under capital leases
    2,323       -       -       2,323  
Pension and other postretirement liabilities
    58,720       8,699       -       67,419  
System agreement cost equalization
    61,040       -       -       61,040  
Other
    141,425       282,045       -       423,470  
Total
    2,320,843       697,119       1,042,610       4,060,572  
                                 
NON-CURRENT LIABILITIES:
                               
Accumulated deferred income taxes and taxes accrued
    7,340,267       1,266,913       117,455       8,724,635  
Accumulated deferred investment tax credits
    263,765       -       -       263,765  
Obligations under capital leases
    32,218       -       -       32,218  
Other regulatory liabilities
    1,295,955       -       -       1,295,955  
Decommissioning and asset retirement cost liabilities
    2,235,194       1,698,222       -       3,933,416  
Accumulated provisions
    110,899       3,191       1,049       115,139  
Pension and other postretirement liabilities
    1,708,639       612,065       -       2,320,704  
Long-term debt (includes securitization bonds
                               
of $883,013 as of December 31, 2013)
    10,307,888       76,800       1,754,461       12,139,149  
Other
    741,376       593,325       (751,034 )     583,667  
Total
    24,036,201       4,250,516       1,121,931       29,408,648  
                                 
Commitments and Contingencies
                               
                                 
                                 
Subsidiaries preferred stock without sinking fund
    186,511       24,249       -       210,760  
                                 
                                 
EQUITY:
                               
Common shareholders' equity:
                               
Common stock, $.01 par value, authorized 500,000,000 shares;
                               
issued 254,752,788 shares in 2013
    2,161,268       201,094       (2,359,814 )     2,548  
Paid-in capital
    2,417,670       1,627,856       1,322,605       5,368,131  
Retained earnings
    4,518,741       2,849,546       2,456,766       9,825,053  
Accumulated other comprehensive income (loss)
    (75,649 )     46,325       -       (29,324 )
Less – treasury stock, at cost (76,381,936 shares in 2013)
    120,000       -       5,413,942       5,533,942  
Total common shareholders' equity
    8,902,030       4,724,821       (3,994,385 )     9,632,466  
Subsidiaries preferred stock without sinking fund
    94,000       -       -       94,000  
Total
    8,996,030       4,724,821       (3,994,385 )     9,726,466  
                                 
TOTAL LIABILITIES AND EQUITY
  $ 35,539,585     $ 9,696,705     $ (1,829,844 )   $ 43,406,446  
Totals may not foot due to rounding.
                               
                                 


 
 

 

FINANCIAL RESULTS
                             
                               
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
                             
                               
In thousands, for the years ended December 31,
 
2013
   
2012
   
2011
   
2010
   
2009
 
OPERATING ACTIVITIES:
                             
Consolidated net income
  $ 730,572     $ 868,363     $ 1,367,372     $ 1,270,305     $ 1,251,050  
Adjustments to reconcile consolidated net income
                                       
  to net cash flow provided by operating activities:
                                       
Depreciation, amortization, and decommissioning, including nuclear fuel amortization
    2,012,076       1,771,649       1,745,455       1,705,331       1,458,861  
Deferred income taxes, investment tax credits, and non-current taxes accrued
    311,789       (26,479 )     (280,029 )     718,987       864,684  
Asset impairments and related charges
    341,537       355,524       -       -       -  
Gain on sale of business
    (43,569 )     -       -       (44,173 )     -  
Changes in working capital:
                                       
Receivables
    (180,648 )     (14,202 )     28,091       (99,640 )     116,444  
Fuel inventory
    4,873       (11,604 )     5,393       (10,665 )     19,291  
Accounts payable
    94,436       (6,779 )     (131,970 )     216,635       (14,251 )
Prepaid taxes and taxes accrued
    (142,626 )     55,484       580,042       (116,988 )     (260,029 )
Interest accrued
    (3,667 )     1,152       (34,172 )     17,651       4,974  
Deferred fuel costs
    (4,824 )     (99,987 )     (55,686 )     8,909       72,314  
Other working capital accounts
    (66,330 )     (151,989 )     41,875       (160,326 )     (43,391 )
Changes in provisions for estimated losses
    (248,205 )     (24,808 )     (11,086 )     265,284       (12,030 )
Changes in other regulatory assets
    1,105,622       (398,428 )     (673,244 )     339,408       (415,157 )
Changes in other regulatory liabilities
    397,341       170,421       189,167       -       -  
Changes in pensions and other postretirement liabilities
    (1,433,663 )     644,099       962,461       (80,844 )     71,789  
Other
    314,505       (192,131 )     (604,852 )     (103,793 )     (181,391 )
Net cash flow provided by operating activities
    3,189,219       2,940,285       3,128,817       3,926,081       2,933,158  
INVESTING ACTIVITIES:
                                       
Construction/capital expenditures
    (2,287,593 )     (2,674,650 )     (2,040,027 )     (1,974,286 )     (1,931,245 )
Allowance for equity funds used during construction
    69,689       96,131       86,252       59,381       59,545  
Nuclear fuel purchases
    (517,825 )     (557,960 )     (641,493 )     (407,711 )     (525,474 )
Proceeds from sale/leaseback of nuclear fuel
    -       -       -       -       284,997  
Proceeds from sale of assets and businesses
    147,922       -       6,531       228,171       39,554  
Payment for purchase of plant
    (17,300 )     (456,356 )     (646,137 )     -       -  
Insurance proceeds received for property damages
    -       -       -       7,894       53,760  
Changes in securitization account
    155       4,265       (7,260 )     (29,945 )     (1,036 )
NYPA value sharing payment
    (71,736 )     (72,000 )     (72,000 )     (72,000 )     (72,000 )
Payments to storm reserve escrow account
    (7,716 )     (8,957 )     (6,425 )     (296,614 )     (6,802 )
Receipts from storm reserve escrow account
    260,279       27,884       -       9,925       -  
Decrease (increase) in other investments
    (82,955 )     15,175       (11,623 )     24,956       100,956  
Litigation proceeds for reimbursement of spent nuclear fuel storage costs
    21,034       109,105       -       -       -  
Proceeds from nuclear decommissioning trust fund sales
    2,031,552       2,074,055       1,360,346       2,606,383       2,570,523  
Investment in nuclear decommissioning trust funds
    (2,147,099 )     (2,196,489 )     (1,475,017 )     (2,730,377 )     (2,667,172 )
Net cash flow used in investing activities
    (2,601,593 )     (3,639,797 )     (3,446,853 )     (2,574,223 )     (2,094,394 )
FINANCING ACTIVITIES:
                                       
Proceeds from the issuance of:
                                       
Long-term debt
    3,746,016       3,478,361       2,990,881       3,870,694       2,003,469  
Mandatorily redeemable preferred membership units of subsidiary
    -       51,000       -       -       -  
Preferred stock of subsidiary
    24,249       -       -       -       -  
Common stock and treasury stock
    24,527       62,886       46,185       51,163       28,198  
Retirement of long-term debt
    (3,814,666 )     (3,130,233 )     (2,437,372 )     (4,178,127 )     (1,843,169 )
Repurchase of common stock
    -       -       (234,632 )     (878,576 )     (613,125 )
Redemption of subsidiary common and preferred stock
    -       -       (30,308 )     -       (1,847 )
Changes in credit borrowings and commercial paper – net
    250,889       687,675       (6,501 )     (8,512 )     (25,000 )
Dividends paid:
                                       
Common stock
    (593,037 )     (589,209 )     (589,605 )     (603,854 )     (576,956 )
Preferred stock
    (18,802 )     (22,329 )     (20,933 )     (20,063 )     (19,958 )
Net cash flow provided by (used in) financing activities
    (380,824 )     538,151       (282,285 )     (1,767,275 )     (1,048,388 )
Effect of exchange rates on cash and cash equivalents
    (245 )     (508 )     287       338       (1,316 )
Net increase (decrease) in cash and cash equivalents
    206,557       (161,869 )     (600,034 )     (415,079 )     (210,940 )
Cash and cash equivalents at beginning of period
    532,569       694,438       1,294,472       1,709,551       1,920,491  
Cash and cash equivalents at end of period
  $ 739,126     $ 532,569     $ 694,438     $ 1,294,472     $ 1,709,551  
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,
 
2013
   
2012
   
2011
   
2010
   
2009
 
SUPPLEMENTAL DISCLOSURE OF
                             
CASH FLOW INFORMATION:
                             
Cash paid (received) during the period for:
                             
Interest – net of amount capitalized
    570,212       546,125       532,271       534,004       576,811  
Income taxes
    127,735       49,214       (2,042 )     32,144       43,057  
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
      PARENT &           
For the years ended December 31, 2013, 2012, 2011, 2010, and 2009.
   
UTILITY
   
COMMODITIES
   
 OTHER
   
CONSOLIDATED
 
($ thousands)
                                       
2013
                                       
Net cash flow provided by operating activities
            2,208,089       730,011       251,118       3,189,219  
Net cash flow provided by (used in) investing activities
            (1,989,855 )     (611,689 )     (51 )     (2,601,593 )
Net cash flow provided by (used in) financing activities
            (47,150 )     (82,542 )     (251,132 )     (380,824 )
                                         
2012
                                       
Net cash flow provided by (used in) 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 )     (282,285 )
                                         
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 )
Certain prior year data has been reclassified to conform with current year presentation.
                                 
Totals may not foot due to rounding.
                                       

 
 

 
 
 
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, 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  
                                                         
Consolidated net income (a)
    18,670       -       -       -       711,902       -       730,572  
Other comprehensive income
    -       -       -       -       -       263,759       263,759  
Common stock issuances related to stock plans
    -       -       40,877       10,279       -       -       51,156  
Common stock dividends declared
    -       -       -       -       (591,440 )     -       (591,440 )
Preferred dividend requirements of subsidiaries (a)
    (18,670 )     -       -       -       -       -       (18,670 )
                                                         
Balance at December 31, 2013
    94,000       2,548       (5,533,942 )     5,368,131       9,825,053       (29,324 )     9,726,466  
Certain prior year data has been reclassified to conform with current year presentation.
                                 
(a) Consolidated net income and preferred dividend requirements of subsidiaries for 2013, 2012, 2011, 2010 and 2009 include $12.0 million, $15.0 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,
 
2013
   
2012
   
2011
   
2010
   
2009
 
NET INCOME
  $ 730,572     $ 868,363     $ 1,367,372     $ 1,270,305     $ 1,251,050  
Other comprehensive income (loss)
                                       
   Cash flow hedges net unrealized gain (loss)
                                       
(net of tax expense (benefit) of ($87,940), ($55,750), $34,411, ($7,088), and $333
                                 
     for 2013 to 2009, respectively)
    (161,682 )     (97,591 )     71,239       (11,685 )     (2,887 )
   Pension and other postretirement liabilities
                                       
(net of tax expense (benefit) of $220,899, ($61,223), ($131,198), ($14,387), and ($34,415)
                         
     for 2013 to 2009, respectively)
    302,489       (91,157 )     (223,090 )     (8,527 )     (35,707 )
   Net unrealized investment gains
                                       
(net of tax expense of $118,878, $61,104, $19,368, $51,130, and $102,845
                                 
     for 2013 to 2009, respectively)
    122,709       63,609       21,254       57,523       82,929  
   Foreign currency translation
                                       
     (net of tax expense (benefit) of $131, $275, $192, ($182), and ($246)
                                       
     for 2013 to 2009, respectively)
    243       508       357       (338 )     (457 )
         Other comprehensive income (loss)
    263,759       (124,631 )     (130,240 )     36,973       43,878  
COMPREHENSIVE INCOME
    994,331       743,732       1,237,132       1,307,278       1,294,928  
Preferred dividend requirements of subsidiaries
    18,670       21,690       20,933       20,063       19,958  
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENTERGY CORPORATION
  $ 975,661     $ 722,042     $ 1,216,199     $ 1,287,215     $ 1,274,970  
                                         
                                         


 
 

 
 

CONSOLIDATED CAPITAL EXPENDITURES
                             
                               
HISTORICAL CAPITAL EXPENDITURES
                             
($ millions)
 
2013
   
2012
   
2011
   
2010
   
2009
 
Utility
                             
Maintenance
    1,008       868       925       798       805  
Other
    1,019       1,973       1,121       777       767  
Entergy Wholesale Commodities
    349       362       712       471       437  
Parent & Other
    -       (1 )     -       -       (6 )
Total Historical Capital Expenditures
    2,376       3,203       2,758       2,046       2,003  
                                         
 
                   
PLANNED CAPITAL EXPENDITURES (as of June 2014)
                 
($ millions)
 
2014
   
2015
   
2016
 
Utility:
                 
Generation
    660       490       605  
Transmission
    540       645       605  
Distribution
    685       565       580  
Other
    160       180       150  
Total Utility
    2,045       1,880       1,940  
Entergy Wholesale Commodities
    420       380       230  
Total Planned Capital Expenditures
    2,465       2,260       2,170  
                         
 
                 
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
2013
2012
2011
 
 
 
 
 
   
 ($ millions)
 
 
$3.5B Bank Credit Facility
1.96%
03/19 (c)
 
 
 $ 255
 $ 795
 $ 1,920
 
Commercial Paper (b)
0.84%
     
                1,045
                   665
                        -
 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
                   500
                        -
 
Total
 
 
 
 
 $ 2,800
 $ 2,960
 $ 2,920
(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) Entergy Corporation has a commercial paper program with a program limit of up to $1.5 billion.
   
(c) The maturity date was extended to 03/19 in first quarter 2014.
         
                 
 
                 
SECURITIES RATINGS (OUTLOOK)
             
   
CORPORATE CREDIT
   
As of June 2014
   
MOODY’S
 
S&P
     
Entergy Corporation
   
Baa3 (stable)
BBB (stable)
     
                 
                 


 
 

 

UTILITY SELECTED DATA
                                                                 
                                                                   
UTILITY QUARTERLY FINANCIAL METRICS
                                                             
 
 
2013
   
2012
   
YTD %
 
      1 Q     2 Q     3 Q     4 Q  
YTD
      1 Q     2 Q     3 Q     4 Q  
YTD
   
CHANGE
 
GAAP MEASURES
                                                                             
 
 
As-Reported Net Income ($ millions)
    123.5       196.2       348.0       161.2       828.9       62.9       304.2       296.2       279.8       943.0       (12.1 )
Return on Average Invested Capital –
                                                                                 
         As-Reported (%)(a)
    7.2       6.5       6.7       5.9       5.9       7.6       7.9       6.4       6.9       6.9       (14.5 )
Return on Average Common Equity –
                                                                                 
         As-Reported (%)(a)
    12.6       10.9       11.2       9.6       9.6       13.4       13.8       10.5       11.8       11.8       (18.6 )
Debt to Capital Ratio (%)
    55.1       55.9       54.9       54.0       54.0       54.4       53.3       53.7       54.9       54.9       (1.6 )
NON-GAAP MEASURES
                                                                                       
Operational Earnings ($ millions)
    129.8       211.1       363.3       153.7       857.8       68.7       314.1       306.9       290.5       980.1       (12.5 )
Return on Average Invested Capital –
                                                                                 
         Operational (%)(a)
    7.4       6.7       6.9       6.1       6.1       7.7       8.0       6.5       7.1       7.1       (14.1 )
Return on Average Common Equity –
                                                                                 
         Operational (%)(a)
    13.1       11.5       11.8       10.0       10.0       13.5       14.0       10.8       12.3       12.3       (18.7 )
Debt to Capital Ratio,
     excluding securitization debt (%)
    52.7       53.7       52.7       51.9       51.9       51.5       50.5       51.0       52.4       52.4       (1.0 )
Net Debt to Net Capital Ratio,
     excluding securitization debt (%)
    52.4       53.3       52.1       50.5       50.5       50.2       50.0       49.4       51.4       51.4       (1.8 )
(a) Rolling twelve months. Totals may not foot due to rounding.
                                                                 
                                                                                         
 
UTILITY ANNUAL FINANCIAL METRICS
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
GAAP MEASURES
                             
As-Reported Net Income ($ millions)
    828.9       943.0       1,106.5       812.4       691.6  
Return on Average Invested Capital – As-Reported (%)
    5.9       6.9       8.3       6.9       6.4  
Return on Average Common Equity – As-Reported (%)
    9.6       11.8       14.8       11.4       10.1  
Debt to Capital Ratio (%)
    54.0       54.9       54.0       54.3       55.6  
NON-GAAP MEASURES
                                       
 Operational Earnings ($ millions)
    857.8       980.1       1,106.5       812.4       691.6  
 Return on Average Invested Capital – Operational (%)
    6.1       7.1       8.3       6.9       6.4  
 Return on Average Common Equity – Operational (%)
    10.0       12.3       14.8       11.4       10.1  
 Debt to Capital Ratio, excluding securitization debt (%)
    51.9       52.4       50.9       51.6       53.2  
 Net Debt to Net Capital Ratio,  excluding securitization debt (%)
    50.5       51.4       49.8       48.9       49.2  
                                         
                                         
 
UTILITY SECURITIES RATINGS (OUTLOOK)
                   
   
MORTGAGE BONDS
     
PREFERRED STOCK
 
As of June 2014
 
 MOODY’S
 S&P
     
 MOODY’S
 S&P
 
Entergy Arkansas, Inc.
 
A3 (stable)
A- (stable)
   
Ba1
 
BB+
 
Entergy Gulf States Louisiana, L.L.C.
A2 (stable)
A- (stable)
   
Baa3
 
BB+
 
Entergy Louisiana, LLC
 
A2 (stable)
A- (stable)
   
Baa3
 
BB+
 
Entergy Mississippi, Inc.
 
A3 (stable)
A- (stable)
   
Ba1
 
BB+
 
Entergy New Orleans, Inc.
 
Baa3 (stable)
A- (stable)
   
B1
 
BB+
 
Entergy Texas, Inc.
 
Baa1 (stable)
A- (stable)
   
n/a
 
n/a
 
System Energy Resources, Inc.
 
Baa1 (stable)
A- (stable)
   
n/a
 
n/a
 
                       
                       
 
 UTILITY HISTORICAL CAPITAL EXPENDITURES(a)
                 
($ millions)
         
 2013
 2012
 2011
 2010
 2009
 
Entergy Arkansas
         
       489
         615
          383
            291
          264
 
Entergy Gulf States Louisiana
         
       267
         284
          219
            237
          274
 
Entergy Louisiana
         
       711
         787
          734
            428
          468
 
Entergy Mississippi
         
       168
         378
          166
            224
          131
 
Entergy New Orleans
         
         89
           86
            57
              80
            62
 
Entergy Texas
         
       182
         181
          173
            163
          188
 
System Energy Resources
         
         52
         450
          235
              56
            91
 
 Other(b)
         
         69
           60
            79
              96
            94
 
Total
         
    2,027
      2,841
       2,046
         1,575
       1,572
 
(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 June 2014)
             
   
2014
 
 
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
System Energy
Entergy
 
($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Services
 Utility
Planned construction and capital investment:
               
Generation
 
                 135
                    100
                     250
                   55
                      -
                   55
                           65
                      -
    660
Transmission
 
                 130
                    115
                     160
                   35
                   15
                   65
                              -
                   20
    540
Distribution
 
                 235
                      75
                     145
                 110
                   35
                   85
                              -
                      -
    685
Other
 
                   25
                      20
                       20
                   10
                   25
                   10
                             5
                   45
    160
Total Planned Capital Expenditures
 
                 525
                    310
                     575
                 210
                   75
                 215
                           70
                   65
 2,045
Totals may not foot due to rounding.
                   
                     
                     
   
2015
 
 
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
System Energy
Entergy
 
($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Services
 Utility
Planned construction and capital investment:
               
Generation
 
                 145
                      75
                     170
                   25
                      -
                   25
                           50
                      -
    490
Transmission
 
                 195
                    130
                       80
                   75
                   20
                 135
                              -
                   10
    645
Distribution
 
                 160
                      65
                     130
                 100
                   30
                   80
                              -
                      -
    565
Other
 
                   15
                      25
                       20
                   20
                   25
                   30
                             5
                   40
    180
Total Planned Capital Expenditures
 
                 515
                    295
                     400
                 220
                   75
                 270
                           55
                   50
 1,880
Totals may not foot due to rounding.
                   
                     
                     
   
2016
 
 
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
System Energy
Entergy
 
($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Services
 Utility
Planned construction and capital investment:
               
Generation
 
                 180
                      90
                     195
                   35
                      -
                   45
                           55
                     5
    605
Transmission
 
                 135
                    130
                       75
                 115
                   15
                 135
                              -
                      -
    605
Distribution
 
                 160
                      75
                     135
                   95
                   25
                   90
                              -
                      -
    580
Other
 
                   15
                      20
                       15
                   15
                   25
                   20
                             5
                   35
    150
Total Planned Capital Expenditures
 
                 490
                    315
                     420
                 260
                   65
                 290
                           60
                   40
 1,940
Totals may not foot due to rounding.
                   
                     
                     
   
2014 - 2016
   
Entergy
Entergy Gulf
Entergy
Entergy
Entergy
Entergy
System Energy
Entergy
 
($ millions)
 
Arkansas
States Louisiana
Louisiana
Mississippi
New Orleans
Texas
Resources
Services
 Utility
Total Planned Capital Expenditures
              1,530
                    920
                  1,395
                 690
                 215
                 775
                         185
                 155
 5,865
                     
                     


 
 

 

UTILITY FINANCIAL RESULTS
                                                     
                                                       
2013 UTILITY CONSOLIDATING INCOME STATEMENT (unaudited)
                                           
                                                       
                                             
 
       
In thousands, for the year ending December 31, 2013.
 
EAI
   
EGSL
   
ELL
   
EMI
   
ENOI
   
ETI
   
SERI
   
OTHER/
ELIMINATIONS(a)
   
UTILITY
 
OPERATING REVENUES:
 
 
   
 
   
 
   
 
   
 
         
 
   
 
       
Electric
  $ 2,190,159     $ 1,881,895     $ 2,626,935     $ 1,334,540     $ 525,041     $ 1,728,799     $ 735,089     $ (2,075,025 )   $ 8,947,433  
Natural gas
    -       59,238       -       -       95,115       -       -       -     $ 154,353  
Total
    2,190,159       1,941,133       2,626,935       1,334,540       620,156       1,728,799       735,089       (2,075,025 )   $ 9,101,786  
OPERATING EXPENSES:
                                                                       
Operation and maintenance:
                                                                       
Fuel, fuel-related expenses, and gas purchased for resale
    426,316       286,625       570,956       328,934       116,715       207,310       103,358       (3,465 )   $ 2,036,749  
Purchased power
    473,326       731,611       850,998       375,745       253,202       857,512       -       (2,046,751 )   $ 1,495,643  
Nuclear refueling outage expenses
    40,499       20,345       34,566       -       -       -       29,551       (1 )   $ 124,960  
Asset impairments and related charges
    -       -       -       -       -       -       -       9,411     $ 9,411  
Other operation and maintenance
    592,892       398,589       480,166       261,832       136,003       253,786       174,772       (34,146 )   $ 2,263,894  
Decommissioning
    43,058       15,908       21,612       -       -       -       35,472       762     $ 116,812  
Taxes other than income taxes
    89,471       80,307       74,241       83,630       48,659       63,823       25,537       4,301     $ 469,969  
Depreciation and amortization
    230,512       150,929       242,787       108,714       37,717       94,744       176,387       (759 )   $ 1,041,031  
Other regulatory charges (credits) – net
    (10,975 )     9,482       (3,785 )     (14,545 )     996       77,491       (13,068 )     1     $ 45,597  
Total
    1,885,099       1,693,796       2,271,541       1,144,310       593,292       1,554,666       532,009       (2,070,647 )   $ 7,604,066  
OPERATING INCOME
    305,060       247,337       355,394       190,230       26,864       174,133       203,080       (4,378 )   $ 1,497,720  
OTHER INCOME:
                                                                       
Allowance for equity funds used during construction
    10,913       8,062       31,544       2,182       920       4,647       7,784       1     $ 66,053  
Interest and investment income
    30,148       52,953       91,599       817       89       1,369       9,844       (95 )   $ 186,724  
Miscellaneous – net
    (4,275 )     (11,567 )     (3,990 )     (3,821 )     (1,401 )     (3,328 )     (804 )     (6 )   $ (29,192 )
Total
    36,786       49,448       119,153       (822 )     (392 )     2,688       16,824       (100 )   $ 223,585  
INTEREST EXPENSE:
                                                                       
Interest expense
    91,318       81,118       153,529       59,031       13,675       92,156       38,173       5,673     $ 534,673  
Allowance for borrowed funds used during construction
    (3,207 )     (2,814 )     (13,323 )     (1,539 )     (505 )     (3,324 )     (786 )     (2 )   $ (25,500 )
Total
    88,111       78,304       140,206       57,492       13,170       88,832       37,387       5,671     $ 509,173  
INCOME BEFORE INCOME TAXES
    253,735       218,481       334,341       131,916       13,302       87,989       182,517       (10,149 )   $ 1,212,132  
Income taxes
    91,787       56,819       81,877       49,757       1,619       30,108       68,853       (14,903 )   $ 365,917  
CONSOLIDATED NET INCOME
    161,948       161,662       252,464       82,159       11,683       57,881       113,664       4,754     $ 846,215  
Preferred dividend requirements and other
    6,873       825       6,950       2,828       965       -       -       (1,112 )   $ 17,329  
EARNINGS APPLICABLE TO
                                                                       
COMMON STOCK/EQUITY
  $ 155,075     $ 160,837     $ 245,514     $ 79,331     $ 10,718     $ 57,881     $ 113,664     $ 5,866     $ 828,886  
(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
                                                     
                                                       
2013 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
                                           
                                                       
                                                       
                                             
 
       
In thousands, as of December 31, 2013.
 
EAI
   
EGSL
   
ELL
   
EMI
   
ENOI
   
ETI
   
SERI
   
OTHER/
ELIMINATIONS(a)
   
UTILITY
 
ASSETS
 
 
   
 
   
 
   
 
   
 
   
 
   
 
         
 
 
CURRENT ASSETS:
 
 
   
 
   
 
   
 
   
 
   
 
   
 
         
 
 
Cash and cash equivalents:
       
 
   
 
   
 
   
 
   
 
   
 
         
 
 
Cash
    4,181       1,739       427       22       317       2,432       62,561     $ 48,102       119,781  
Temporary cash investments
    122,841       13,842       123,580       9       33,172       44,056       64,581       29,355       431,436  
Total cash and cash equivalents
    127,022       15,581       124,007       31       33,489       46,488       127,142       77,457       551,217  
Securitization recovery trust account
    3,835       -       4,539       -       -       37,511       -       -       45,885  
Accounts receivable:
                                                                       
Customer
    102,328       69,648       144,836       76,534       38,872       76,957       -       1       509,176  
Allowance for doubtful accounts
    (30,113 )     (909 )     (965 )     (906 )     (974 )     (443 )     -       (1 )     (34,311 )
Associated companies
    68,875       107,723       87,820       13,794       32,273       76,494       104,419       (443,511 )     47,887  
Other
    94,256       22,945       21,420       9,117       2,667       10,897       6,400       16,938       184,640  
Accrued unbilled revenues
    82,298       58,867       93,073       44,777       18,745       43,067       -       1       340,828  
Total account receivable
    317,644       258,274       346,184       143,316       91,583       206,972       110,819       (426,572 )     1,048,220  
Deferred fuel costs
    68,696       9,625       -       38,057       -       -       -       1       116,379  
Accumulated deferred income taxes
    33,556       -       100,022       -       12,018       -       -       49,434       195,030  
Fuel inventory – at average cost
    41,504       26,555       23,311       48,899       2,999       55,335       -       1       198,604  
Materials and supplies – at average cost
    152,429       122,909       156,487       40,849       11,696       34,068       85,118       1       603,557  
Deferred nuclear refueling outage costs
    31,135       25,975       13,670       -       -       -       7,853       -       78,633  
System agreement cost equalization
    30,000       -       -       15,000       -       16,040       -       -       61,040  
Prepaid taxes
    -       22,008       184,503       -       -       55,635       -       (262,146 )     -  
Gas hedge contracts
    -       2,238       2,889       -       -       -       -       (5,127 )     -  
Prepayments and other
    58,911       12,452       15,223       4,813       4,178       34,458       1,727       124,145       255,907  
Total
    864,732       495,617       970,835       290,965       155,963       486,507       332,659       (442,806 )     3,154,472  
OTHER PROPERTY AND INVESTMENTS:
                                                                       
Investment in affiliates – at equity
    -       289,664       807,423       -       -       687       -       (504 )     1,097,270  
Decommissioning trust funds
    710,913       573,744       347,274       -       -       -       603,896       (1 )     2,235,826  
Non-utility property – at cost (less accumulated depreciation)
    1,664       174,134       396       4,670       1,016       376       -       209       182,465  
Storm reserve escrow account
    -       21,538       -       -       10,513       -       -       (32,051 )     -  
Escrow accounts
    -       -       -       51,795       -       -       -       (51,795 )     -  
Other
    29,181       14,145       -       -       -       18,161       -       88,528       150,015  
Total
    741,758       1,073,225       1,155,093       56,465       11,529       19,224       603,896       4,386       3,665,576  
PROPERTY, PLANT AND EQUIPMENT
                                                                       
Electric
    8,798,458       7,400,689       8,799,393       3,875,737       889,629       3,616,061       4,124,647       538,900       38,043,514  
Property under capital lease
    1,064       -       331,895       5,329       -       -       570,872       32,139       941,299  
Natural gas
    -       143,902       -       -       222,463       -       -       -       366,365  
Construction work in progress
    209,036       105,314       672,883       37,316       29,312       94,743       29,061       39,473       1,217,138  
Nuclear fuel
    321,901       196,508       147,385       -       -       -       188,824       (1 )     854,617  
Total property, plant and equipment
    9,330,459       7,846,413       9,951,556       3,918,382       1,141,404       3,710,804       4,913,404       610,511       41,422,933  
Less – accumulated depreciation and amortization
    4,034,880       4,071,762       3,763,234       1,413,484       566,948       1,387,303       2,699,263       262,638       18,199,512  
Property, plant and equipment – net
    5,295,579       3,774,651       6,188,322       2,504,898       574,456       2,323,501       2,214,141       347,873       23,223,421  
DEFERRED DEBITS AND OTHER ASSETS:
                                                                 
Regulatory assets:
                                                                       
Regulatory asset for income taxes - net
    73,864       165,456       309,617       58,716       -       129,069       115,492       (2,496 )     849,718  
Other regulatory assets (includes securitization property of
                                                         
     $822,218 as of December 31, 2013)
    1,014,392       321,466       715,503       318,462       137,191       919,234       261,740       205,375       3,893,363  
Deferred fuel costs
    -       100,124       67,998       -       4,080       -       -       -       172,202  
Long-term receivables  - associated companies
    -       -       -       -       -       27,900       -       (27,900 )     -  
Goodwill
    -       -       -       -       -       -       -       374,099       374,099  
Accumulated deferred income taxes
    -       -       -       -       -       -       -       9,117       9,117  
Other
    44,565       12,049       43,025       20,819       5,577       16,425       15,996       39,161       197,617  
Total
    1,132,821       599,095       1,136,143       397,997       146,848       1,092,628       393,228       597,356       5,496,116  
TOTAL ASSETS
    8,034,890       5,942,588       9,450,393       3,250,325       888,796       3,921,860       3,543,924       506,809       35,539,585  
(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
                                                     
                                                       
2013 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
                                           
                                                       
                                                       
                                             
 
       
In thousands, as of December 31, 2013.
 
EAI
   
EGSL
   
ELL
   
EMI
   
ENOI
   
ETI
   
SERI
   
OTHER/
ELIMINATIONS(a)
   
UTILITY
 
LIABILITIES AND EQUITY
 
 
   
 
   
 
   
 
   
 
   
 
   
 
         
 
 
CURRENT LIABILITIES:
                                                     
Currently maturing long-term debt
  $ 70,000     $ -     $ 320,231     $ -     $ -     $ -     $ 48,653     $ -     $ 438,884  
Notes payable and commercial paper:
                                                                       
Other
    -       -       2,923       -       -       -       -       17     $ 2,940  
Accounts payable:
                                                                       
Associated companies
    149,802       95,853       83,655       74,144       36,193       112,309       12,778       (548,898 )   $ 15,836  
Other
    228,160       103,314       162,507       52,129       27,840       73,682       31,862       237,122     $ 916,616  
Customer deposits
    86,512       51,839       90,393       74,211       22,959       38,721       -       6,362     $ 370,997  
Taxes accrued
    9,979       -       -       53,247       1,509       -       11,121       (75,856 )   $ -  
Accumulated deferred income taxes
    9,231       36,330       338       15,413       -       33,847       2,310       (6 )   $ 97,463  
Interest accrued
    22,036       25,808       42,072       20,383       3,598       31,246       11,825       -     $ 156,968  
Deferred fuel costs
    -       -       30,392       -       23,145       4,093       -       1     $ 57,631  
Obligations under capital leases
    -       -       -       -       -       -       -       2,323     $ 2,323  
Pension and other postretirement liabilities
    -       9,065       10,255       -       -       786       -       38,614     $ 58,720  
System agreement cost equalization
    -       15,000       17,000       -       17,040       12,000       -       -     $ 61,040  
Other
    55,656       19,032       19,443       19,021       4,387       23,490       2,312       (1,916 )   $ 141,425  
Total
    631,376       356,241       779,209       308,548       136,671       330,174       120,861       (342,237 )     2,320,843  
                                                                         
NON-CURRENT LIABILITIES:
                                                                       
Accumulated deferred income taxes and taxes accrued
    1,906,562       1,512,547       1,275,584       746,939       183,636       1,022,955       737,973       (45,929 )   $ 7,340,267  
Accumulated deferred investment tax credits
    38,958       75,295       67,347       8,530       1,082       16,147       54,786       1,620     $ 263,765  
Obligations under capital leases
    -       -       -       4,185       -       -       -       28,033     $ 32,218  
Regulatory liability for income taxes - net
    -       -       -       -       2,495       -       -       (2,495 )   $ -  
Other regulatory liabilities
    219,370       159,429       533,247       2,509       26,361       5,194       349,846       (1 )   $ 1,295,955  
Decommissioning and asset retirement cost liabilities
    723,771       403,084       479,086       6,401       2,347       4,349       616,157       (1 )   $ 2,235,194  
Accumulated provisions
    5,746       37,146       7,733       35,674       15,000       9,079       -       521     $ 110,899  
Pension and other postretirement liabilities
    319,211       274,315       358,017       66,722       32,497       51,253       79,411       527,213     $ 1,708,639  
Long-term debt (includes securitization bonds
                                                                 
of $883,013 as of December 31, 2013)
    2,335,802       1,527,465       2,899,285       1,053,670       225,944       1,556,939       708,783       -     $ 10,307,888  
Long-term payables - associated companies
    -       27,900       -       -       -       -       -       (27,900 )   $ -  
Gas system rebuild insurance proceeds
    -       -       -       -       32,760       -       -       (32,760 )   $ -  
Other
    18,026       108,189       75,233       15,189       3,940       38,743       -       482,056     $ 741,376  
Total
    5,567,446       4,125,370       5,695,532       1,939,819       526,062       2,704,659       2,546,956       930,357       24,036,201  
Commitments and Contingencies
                                                                       
                                                                         
Subsidiaries preferred stock without sinking fund
    116,350       -       -       50,381       19,780       -       -       -     $ 186,511  
                                                                         
EQUITY:
                                                                       
Common stock or members’ equity
    470       1,479,179       2,885,287       199,326       33,744       49,452       789,350       (3,275,540 )   $ 2,161,268  
Paid-in capital/capital stock expense and other
    588,471       -       -       (690 )     36,294       481,994       -       1,311,601     $ 2,417,670  
Retained earnings
    1,130,777       -       -       752,941       136,245       355,581       86,757       2,056,440     $ 4,518,741  
Accumulated other comprehensive income (loss)
    -       (28,202 )     (9,635 )     -       -       -       -       (37,812 )   $ (75,649 )
Less – treasury stock, at cost
    -       -       -       -       -       -       -       120,000     $ 120,000  
Total
    1,719,718       1,450,977       2,875,652       951,577       206,283       887,027       876,107       (65,311 )     8,902,030  
Preferred membership interests without sinking fund
    -       10,000       100,000       -       -       -       -       (16,000 )   $ 94,000  
Total
    1,719,718       1,460,977       2,975,652       951,577       206,283       887,027       876,107       (81,311 )     8,996,030  
                                                                         
TOTAL LIABILITIES AND EQUITY
  $ 8,034,890     $ 5,942,588     $ 9,450,393     $ 3,250,325     $ 888,796     $ 3,921,860     $ 3,543,924     $ 506,809     $ 35,539,585  
(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
                             
                               
   
2013
   
2012
   
2011
   
2010
   
2009
 
ENTERGY ARKANSAS, INC.
                             
As-Reported Earnings ($ millions)
    155.1       145.5       158.0       165.7       60.0  
Less Special Items ($ millions)
    (2.8 )     (13.0 )     -       -       -  
Operational Earnings ($ millions)
    157.9       158.5       158.0       165.7       60.0  
GAAP MEASURES
                                       
Return on Average Common Equity – As-Reported (%)
    9.4       9.6       11.1       11.8       4.3  
Return on Average Invested Capital – As-Reported (%)
    5.3       5.5       6.2       6.7       3.7  
Cash Flow Interest Coverage (# times)
    5.6       7.3       7.9       6.7       5.3  
Debt to Capital Ratio (%)
    56.7       56.0       55.0       55.9       54.0  
Total Debt ($ millions)
    2,407       2,162       1,911       1,928       1,793  
Total Preferred ($ millions)
    116       116       116       116       116  
Total Equity ($ millions)
    1,720       1,580       1,444       1,404       1,412  
NON-GAAP MEASURES
                                       
Return on Average Common Equity – Operational (%)
    9.6       10.5       11.1       11.8       4.3  
Return on Average Invested Capital – Operational (%)
    5.5       6.0       6.4       6.8       3.7  
Total Debt, excluding securitization debt ($ millions)
    2,318       2,060       1,797       1,804       1,793  
Debt to Capital Ratio, excluding securitization debt (%)
    55.8       54.8       53.5       54.3       54.0  
Net Debt to Net Capital Ratio, excluding securitization debt (%)
    54.4       54.4       53.2       52.8       52.8  
                                         
                                         
                                         
ENTERGY GULF STATES LOUISIANA, L.L.C.
                                       
As-Reported Earnings ($ millions)
    160.8       158.2       200.8       173.5       152.5  
Less Special Items ($ millions)
    (5.2 )     (4.6 )     -       -       -  
Operational Earnings ($ millions)
    166.0       162.8       200.8       173.5       152.5  
GAAP MEASURES
                                       
Return on Average Common Equity – As-Reported (%)
    11.4       11.7       14.5       12.1       11.3  
Return on Average Invested Capital – As-Reported (%)
    7.1       7.2       8.5       7.5       6.7  
Cash Flow Interest Coverage (# times)
    6.5       5.3       7.0       8.4       3.1  
Debt to Capital Ratio (%)
    51.1       52.3       53.6       52.0       55.8  
Total Debt ($ millions)
    1,528       1,517       1,542       1,584       1,783  
Total Preferred ($ millions)
    10       10       10       10       10  
Total Equity ($ millions)
    1,451       1,373       1,324       1,454       1,403  
NON-GAAP MEASURES
                                       
Return on Average Common Equity – Operational (%)
    11.8       12.1       14.5       12.1       11.3  
Return on Average Invested Capital – Operational (%)
    7.3       7.4       8.5       7.7       7.8  
Total Debt, excluding assumption debt ($ millions)
    1,528       1,517       1,542       1,584       1,615  
Debt to Capital Ratio, excluding assumption debt (%)
    51.1       52.3       53.6       52.0       53.3  
Net Debt to Net Capital Ratio, excluding assumption debt (%)
    50.9       51.7       53.2       49.4       51.0  
Certain years were restated to reflect a correction of regulatory asset for
                         
income taxes determined in first quarter 2012.
                                       
                                         
                                         
                                         
ENTERGY LOUISIANA, LLC
                                       
As-Reported Earnings ($ millions)
    245.5       274.1       467.0       224.5       225.9  
Less Special Items ($ millions)
    (3.8 )     (6.6 )     -       -       -  
Operational Earnings ($ millions)
    249.3       280.7       467.0       224.5       225.9  
GAAP MEASURES
                                       
Return on Average Members’ Equity – As-Reported (%)
    8.4       10.1       20.7       11.7       13.2  
Return on Average Invested Capital – As-Reported (%)
    5.6       6.5       12.1       7.6       8.2  
Cash Flow Interest Coverage (# times)
    5.7       4.9       5.9       10.4       2.3  
Debt to Capital Ratio (%)
    52.0       48.4       47.2       46.1       49.9  
Total Debt ($ millions)
    3,222       2,881       2,297       1,830       1,902  
Total Preferred ($ millions)
    100       100       100       100       100  
Total Equity ($ millions)
    2,876       2,971       2,465       2,037       1,812  
NON-GAAP MEASURES
                                       
Return on Average Members’ Equity – Operational (%)
    8.5       10.3       20.7       11.7       13.2  
Return on Average Invested Capital – Operational (%)
    5.8       6.9       12.4       7.6       8.2  
Total Debt, excluding securitization debt ($ millions)
    3,058       2,699       2,090       1,830       1,902  
Debt to Capital Ratio, excluding securitization debt (%)
    50.7       46.8       44.9       46.1       49.9  
Net Debt to Net Capital Ratio, excluding securitization debt (%)
    49.6       46.5       44.9       44.4       47.8  
                                         
                                         

 
 

 

UTILITY FINANCIAL RESULTS
                             
                               
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
                         
                               
   
2013
   
2012
   
2011
   
2010
   
2009
 
ENTERGY MISSISSIPPI, INC.
             
 
   
 
   
 
 
As-Reported Earnings ($ millions)
    79.3       43.9       105.9       82.5       76.5  
Less Special Items ($ millions)
    (5.4 )     (7.5 )     -       -       -  
Operational Earnings ($ millions)
    84.7       51.4       105.9       82.5       76.5  
GAAP MEASURES
                                       
Return on Average Common Equity – As-Reported (%)
    8.7       5.1       13.5       11.6       11.2  
Return on Average Invested Capital – As-Reported (%)
    5.6       4.1       8.0       7.3       7.3  
Cash Flow Interest Coverage (# times)
    4.8       4.7       3.1       3.3       5.4  
Debt to Capital Ratio (%)
    51.4       55.9       51.2       51.7       53.4  
Total Debt ($ millions)
    1,059       1,178       931       839       852  
Total Preferred ($ millions)
    50       50       50       50       50  
Total Equity ($ millions)
    952       880       836       733       694  
NON-GAAP MEASURES
                                       
Return on Average Common Equity – Operational (%)
    9.3       6.0       13.5       11.6       11.2  
Return on Average Invested Capital – Operational (%)
    5.9       4.5       8.0       7.3       7.3  
Net Debt to Net Capital Ratio (%)
    51.4       54.7       51.2       51.7       50.5  
                                         
                                         
ENTERGY NEW ORLEANS, INC.
                                       
As-Reported Earnings ($ millions)
    10.7       16.1       35.0       30.1       29.5  
Less Special Items ($ millions)
    (2.9 )     (0.9 )     -       -       -  
Operational Earnings ($ millions)
    13.6       17.0       35.0       30.1       29.5  
GAAP MEASURES
                                       
Return on Average Common Equity – As-Reported (%)
    5.3       8.5       19.0       15.3       14.3  
Return on Average Invested Capital – As-Reported (%)
    4.6       6.1       11.5       8.9       8.2  
Cash Flow Interest Coverage (# times)
    7.5       5.7       5.1       4.9       9.8  
Debt to Capital Ratio (%)
    50.0       47.7       45.3       44.6       54.8  
Total Debt ($ millions)
    226       196       167       167       272  
Total Preferred ($ millions)
    20       20       20       20       20  
Total Equity ($ millions)
    206       196       181       188       205  
NON-GAAP MEASURES
                                       
Return on Average Common Equity – Operational (%)
    6.8       9.0       19.0       15.3       14.3  
Return on Average Invested Capital – Operational (%)
    5.2       6.3       11.5       8.9       8.2  
Net Debt to Net Capital Ratio (%)
    46.0       46.5       43.8       35.1       26.5  
                                         
                                         
                                         
ENTERGY TEXAS, INC.
                                       
As-Reported Net Income ($ millions)
    57.9       42.0       80.8       66.2       63.8  
Less Special Items ($ millions)
    (8.8 )     (4.6 )     -       -       -  
Operational Net Income ($ millions)
    66.7       46.6       80.8       66.2       63.8  
GAAP MEASURES
                                       
Return on Average Common Equity – As-Reported (%)
    6.6       4.8       9.4       7.9       7.3  
Return on Average Invested Capital – As-Reported (%)
    4.6       3.9       5.4       4.9       5.4  
Cash Flow Interest Coverage (# times)
    3.7       3.9       3.6       1.4       3.7  
Debt to Capital Ratio (%)
    63.7       65.4       65.1       66.8       66.3  
Total Debt ($ millions)
    1,557       1,618       1,677       1,659       1,658  
Total Preferred ($ millions)
    -       -       -       -       -  
Total Equity ($ millions)
    887       854       899       824       844  
NON-GAAP MEASURES
                                       
Return on Average Common Equity – Operational (%)
    7.7       5.3       9.4       7.9       7.3  
Return on Average Invested Capital – Operational (%)
    6.8       5.5       7.8       7.3       7.1  
Total Debt, excluding securitization debt ($ millions)
    928       928       927       852       820  
Debt to Capital Ratio, excluding securitization debt (%)
    51.1       52.2       50.8       50.8       49.3  
Net Debt to Net Capital Ratio, excluding securitization debt (%)
    49.8       50.4       48.9       49.8       42.3  
                                         
                                         


 
 

 

UTILITY FINANCIAL RESULTS
                             
                               
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
                         
                               
   
2013
   
2012
   
2011
   
2010
   
2009
 
SYSTEM ENERGY RESOURCES, INC.
                             
As-Reported Net Income ($ millions)
    113.7       111.9       64.2       82.6       48.9  
Less Special Items ($ millions)
    -       -       -       -       -  
Operational Net Income ($ millions)
    113.7       111.9       64.2       82.6       48.9  
GAAP MEASURES
                                       
Return on Average Common Equity – As-Reported (%)
    13.3       13.7       8.0       10.1       5.8  
Return on Average Invested Capital – As-Reported (%)
    8.3       8.4       5.6       6.8       4.4  
Cash Flow Interest Coverage (# times)
    8.3       11.7       11.4       5.9       10.7  
Debt to Capital Ratio (%)
    46.4       49.7       48.3       51.7       49.7  
Total Debt ($ millions)
    757       824       747       869       820  
Total Preferred ($ millions)
    -       -       -       -       -  
Total Equity ($ millions)
    876       833       801       812       830  
NON-GAAP MEASURES
                                       
Return on Average Common Equity – Operational (%)
    13.3       13.7       8.0       10.1       5.8  
Return on Average Invested Capital – Operational (%)
    8.3       8.4       5.6       6.8       4.4  
Net Debt to Net Capital Ratio (%)
    41.8       47.1       41.2       42.7       40.1  
                                         
                                         
 

 
 

 

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
 2013
 2012
 2011
                 
(in millions)
 29364DAN0
5.40% Series
M
5.4%
08/13
     
 $               -
 $ 300
 $      300
 472712ER5
4.6% Series – Jefferson County(c) 
 G(b) 
4.6%
2017
     
                  -
                55
                55
 472712ES3
1.55% Series – Jefferson County(c) 
 G(b) 
1.55%
2017
            Non-Call Life
 
                55
   
 29364DAH3
5.0% Series(d)
 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
 29364DAR1
3.05% Series
M
3.05%
06/23
Now
 MW (T + .20%)
              250
                  -
                  -
 453424BP7
5.0% Series – Independence County(c)
 G(b) 
5.0%
2021
     
                  -
                45
                45
 453424BT9
2.38% Series – Independence County(c)
 G(b) 
2.38%
2021
            Non-Call Life
 
                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
              200
                  -
 29364D753
4.75% Series
M
4.75%
06/63
6/1/18
100%
              125
                  -
                  -
 
Total bonds
 
 
 
 
 
 
           1,700
           1,625
           1,425
OTHER LONG-TERM DEBT:
                 
 
9% Series H – Variable Interest Entity Note Payable
9.00%
06/13
     
                  -
                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
                55
 
2.62% Series K – Variable Interest Entity Note Payable
2.62%
12/17
     
                60
                60
                  -
 29365YAA1
2.30% Series Senior Secured – Securitization Bond
2.30%
08/21
     
                89
              102
              114
 
Long-Term United States Department of Energy Obligation(e) 
       
              181
              181
              181
 
Term Loan(f)
 
1.13%
01/15
     
              250
   
 
Unamortized Premium and Discount – Net
           
                (1)
                (1)
                (1)
 
Other
           
                  2
                  2
                  2
TOTAL LONG-TERM DEBT(f)
           
           2,406
           2,124
           1,876
Less Amount Due Within One Year
           
                70
              330
                  -
Long-Term Debt Excluding Amount Due Within One Year
         
 $ 2,336
 $ 1,794
 $ 1,876
Fair Value of Long-Term Debt(a)
           
 $ 2,143
 $ 1,876
 $ 1,756
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
4.0%
4.9%
5.0%
(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
 (see pgs. 196 - 203 of 2013 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) The bonds were called in their entirety at par on 4/16/14.
               
(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) Term loan was called in its entirety at par on 3/19/14.
               
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
   
2013
   
2012
   
2011
   
2013
   
2012
   
2011
   
2013
 
 
 
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
            3,413,500       3,413,500       3,413,500     $ 116     $ 116     $ 116          
(a) Series is callable at par.
                                                               
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
 2013
 2012
 2011
 
 
 
 
 
 
 
   
 (in millions)
 546398K23
2.875% Series – Louisiana Public Facilities Authority
 G(b,c) 
2.875%
2015
         Non-Call Life
 
                32
                32
                32
 952789AZ8
5.8% Series – West Feliciana Parish
 G(b,c) 
5.8%
2016
     
                  -
                  -
                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(b,c) 
5.0%
2028
9/1/15
100%
                84
                84
                84
 29364LAL6
6.2% Series
 M 
6.2%
 07/33
Now
100%
              240
              240
              240
 29364LAT9
6.18% Series
 M
6.18%
 03/35
Now
100%
                85
                85
                85
 
Total bonds
           
           1,366
           1,366
           1,377
OTHER LONG-TERM DEBT:
 
 
             
 
5.41% Series O – Variable Interest Entity Note Payable
5.41%
07/12
     
                  -
                  -
                60
 
5.56% Series N – Variable Interest Entity Note Payable
5.56%
05/13
     
                  -
                75
                75
 
3.25% Series Q – Variable Interest Entity Note Payable
3.25%
07/17
     
                75
                75
                  -
 
3.38% Series R – Variable Interest Entity Note Payable
3.38%
08/20
     
                70
                  -
                  -
 
Credit Facility – weighted average rate 1.38%
1.38%
06/16
     
                15
                  -
                29
 
Unamortized Premium and Discount – Net
         
                (2)
                (2)
                (2)
 
Other
           
                  4
                  4
                  4
TOTAL LONG-TERM DEBT
           
           1,527
           1,517
           1,542
 Less Amount Due Within One Year
           
                  -
                75
                60
 Long-Term Debt Excluding Amount Due Within One Year
         
 $ 1,527
 $ 1,442
 $ 1,482
 Fair Value of Long-Term Debt(a) 
           
 $ 1,631
 $ 1,669
 $ 1,642
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
5.2%
5.3%
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. 196 - 203 of 2013 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.
             
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
   
2013
   
2012
   
2011
   
2013
   
2012
   
2011
   
2013
 
   
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
            100,000       100,000       100,000     $ 10     $ 10     $ 10          
(a) Series is callable at par on and after December 15, 2015.
                                                         
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
 2013
 2012
 2011
 
 
 
 
 
 
 
 
 
(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
              200
 29364WAS7
4.05% Series
 M
4.05%
09/23
Now
MW (T + .20%)
              325
                  -
                  -
 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
              250
                  -
 29364W504
5.25% Series
M
5.25%
07/52
7/1/17
100%
              200
              200
                  -
 29364W603
4.7% Series
M
4.7%
06/63
6/1/18
100%
              100
                  -
                  -
 29364WAR9
3.30% Series
M
3.3%
12/22
Now
MW (T + .25%)
              200
              200
                  -
 
Total bonds
 
 
 
 
 
 
           2,810
           2,385
           1,735
OTHER LONG-TERM DEBT:
                 
 
 Waterford 3 Lease Obligation 7.45%
 
7.45%
       
              149
              163
              188
 
 Bank Credit Facility  –  weighted average rate 1.67%(d,e)
1.67%
03/19
       
                  -
                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
                20
 
 3.25% Series G – Variable Interest Entity Note Payable
3.25%
07/17
     
                25
                25
                  -
 29366AAA2
 2.04% Series Senior Secured - Securitization Bond
2.04%
09/23
     
              165
              182
              207
 
 Unamortized Premium and Discount – Net
         
                (3)
                (2)
                (2)
 
Other
           
                  4
                  4
                  4
TOTAL LONG-TERM DEBT(d)
           
           3,220
           2,826
           2,252
 Less Amount Due Within One Year
           
              320
                14
                75
 Long-Term Debt Excluding Amount Due Within One Year
         
 $ 2,889
 $ 2,812
 $ 2,177
 Fair Value of Long-Term Debt(a)
           
 $ 3,149
 $ 2,921
 $ 2,211
 *M = Mortgage Bond; G = Governmental Bond
             
 
 
 Weighted-average annualized coupon rate
           
4.8%
4.9%
5.4%
(a) The fair value excludes lease obligations of $149 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. 196 - 203 of
  2013 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) The interest rate that applied to outstanding borrowings at the end of 2011 was 0.67%.
         
(e) The maturity date was extended to 03/19 in first quarter 2014.
             
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
   
2013
   
2012
   
2011
   
2013
   
2012
   
2011
   
2013
 
   
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
            1,000,000       1,000,000       1,000,000     $ 100     $ 100     $ 100          
(a) Series is callable at par.
                                                               
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
 2013
 2012
 2011
 
 
 
 
 
 
     
 (in millions)
 29364NAH1
5.15% Series
 M
5.15%
 02/13
     
 $               -
 $      100
 $      100
 29364NAQ1
3.25% Series
M
3.25%
 06/16
Now
 MW (T + .25%)
              125
              125
              125
 29364NAK4
4.95% Series(d)
 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
     
                  -
                16
                16
 453424BS1
4.90% Series – Independence County
 G(b,c) 
4.9%
2022
6/2/13
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
              150
 29364NAR9
3.10% Series
M
3.1%
07/23
Now
MW (T + .25 bps)
              250
              250
                  -
 
Total bonds
           
           1,055
           1,171
              921
OTHER LONG-TERM DEBT:
                 
 
Unamortized Premium and Discount – Net
         
                (2)
                (2)
                (1)
TOTAL LONG-TERM DEBT(e)
           
           1,054
           1,170
              920
 Less Amount Due Within One Year
           
                  -
              100
                  -
 Long-Term Debt Excluding Amount Due Within One Year
         
 $    1,054
 $    1,070
 $    920
 Fair Value of Long-Term Debt(a) 
           
 $    1,067
 $    1,231
 $    986
 *M = Mortgage Bond; G = Governmental Bond
             
 
 
 Weighted-average annualized coupon rate
           
5.0%
5.0%
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. 196 - 203 of 2013 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) The bonds were called in their entirety at par on 4/22/14.
             
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
 2013
 2012
 2011
 2013
 2012
 2011
 
 2013
 
 
 
       
 (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
 
 $      1,403,807
     1,403,807
     1,403,807
 $      50
 $      50
 $      50
   
(a) Series is callable at par.
                 
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
 2013
 2012
 2011
 
 
 
 
 
 
     
(in millions)
 29364PAH6
5.25% Series
 M
5.25%
 08/13
     
                  -
                70
                70
 29364PAM5
5.10% Series
M
5.1%
12/20
Now
 MW (T + .35%)
                25
                25
                25
 29364PAN3
3.9% Series
M
3.9%
07/23
Now
MW (T + .30%)
              100
                  -
                  -
 29364PAK9
5.6% Series
 M
5.6%
 09/24
Now
100%
                33
                33
                33
 29364PAJ2
5.65% Series
 M
5.65%
 09/29
Now
100%
                38
                38
                38
 29364P509
5.0% Series
M
5.0%
12/52
12/1/17
100%
                30
                30
                  -
 
Total bonds
 
 
 
 
   
              226
              196
              167
OTHER LONG-TERM DEBT:
                 
 
 Unamortized Premium and Discount – Net
         
                  -
                  -
                  -
TOTAL LONG-TERM DEBT
           
              226
              196
              167
Less Amount Due Within One Year
           
                  -
                70
                  -
Long-Term Debt Excluding Amount Due Within One Year
         
 $    226
 $    126
 $    167
Fair Value of Long-Term Debt(a) 
           
 $    218
 $    201
 $    169
*M = Mortgage; G = Governmental
                 
Weighted-average annualized coupon rate
           
4.7%
5.3%
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. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as
     benchmark yields and reported trades.
                 
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
 2013
 2012
 2011
 2013
 2012
 2011
 
 2013
 
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
 
             197,798
        197,798
        197,798
                20
 $      20
 $      20
   
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
 2013
 2012
 2011
 
 
 
 
 
 
     
 (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
                75
 29365T203
7.875% Series(b)
M
7.875%
06/39
 06/14
100%
              150
              150
              150
 
Total bonds
 
 
 
 
   
              925
              925
              925
OTHER LONG-TERM DEBT:
                 
 29365QAA8
5.51% Series Senior Secured, Series A - Securitization Bond
5.51%
 10/13
     
                  -
                  -
                18
 29365QAB6
5.79% Series Senior Secured, Series A - Securitization Bond
5.79%
 10/18
     
                97
              119
              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
     
                54
                93
              132
 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
         
                (2)
                (3)
                (3)
 
Other
           
                  5
                  5
                  5
TOTAL LONG-TERM DEBT
           
           1,557
           1,618
           1,677
 Less Amount Due Within One Year
           
                  -
                  -
                  -
 Long-Term Debt Excluding Amount Due Within One Year
         
 $ 1,557
 $ 1,618
 $ 1,677
 Fair Value of Long-Term Debt(a) 
           
 $ 1,727
 $ 1,886
 $ 1,906
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
5.5%
5.5%
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. 196 - 203 of 2013 10-K) and are based on prices derived from inputs such as
     benchmark yields and reported trades.
                 
(b) The bonds were called in their entirety at par on 6/16/14.
               
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
 2013
 2012
 2011
 
 
 
 
 
 
     
 (in millions)
 871911AR4
6.2% Series
 M
6.2%
 10/12
     
 $               -
 $               -
 $      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
     
                  -
                  -
              103
 179423AK4
6.2% Series – Claiborne County
 G(b) 
6.2%
2026
     
                  -
                  -
                50
 871911AS2
4.10% Series
M
4.1%
04/23
Now
MW (T + 0.40%)
              250
              250
                  -
 
Total bonds
 
 
 
 
   
              466
              466
              439
OTHER LONG-TERM DEBT:
                 
 361561AA1
Grand Gulf Lease Obligation 5.13%
 
5.13%
       
                97
              139
              179
 
6.29% Series F – Variable Interest Entity Note Payable
6.29%
09/13
     
                  -
                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
                50
                  -
 
3.78% Series I – Variable Interest Entity Note Payable
3.78%
10/18
     
                85
                  -
                  -
 
Unamortized Premium and Discount – Net
         
                (1)
                (1)
                (1)
 
Other
           
                  -
                  -
                  -
 TOTAL LONG-TERM DEBT
           
              757
              784
              747
 Less Amount Due Within One Year
           
                49
              112
              110
 Long-Term Debt Excluding Amount Due Within One Year
         
 $    709
 $    672
 $    637
 Fair Value of Long-Term Debt(a) 
           
 $    665
 $    665
 $    583
 *M = Mortgage Bond; G = Governmental Bond
                 
 Weighted-average annualized coupon rate
           
4.8%
5.2%
5.8%
(a) The fair value excludes lease obligations of $97 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. 196 - 203 of
   2013 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, 2013.
 PLANTS
 UNITS
 
(MW)(a)
(MW)
Plants that use fuel type:
 
 
 
 
 
Gas/Oil
                  24
                  55
 
           14,247
           14,585
Coal
                    3
                    5
 
             2,255
             3,867
Petroleum Coke
                    1
                    2
 
                   -
                200
Total Fossil
                  28
                  62
 
           16,502
           18,652
Hydro
                    3
                    7
 
                  74
                154
Nuclear
                    4
                    5
 
             5,215
             5,215
Total Capability
                  35
                  74
 
           21,791
           24,021
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
         
 
 2013
 2012
 2011
 2010
 2009
SOURCES OF ENERGY (GWh)
         
Net Generation:
         
Gas & Oil
           30,364
           31,011
           30,042
           26,637
           21,767
Coal
           13,567
           13,320
           14,915
           15,616
           15,101
Nuclear
           38,676
           37,714
           40,102
           42,339
           41,851
Hydro
                131
                108
                160
                139
                233
Total Net Generation
           82,738
           82,154
           85,219
           84,731
           78,952
Purchased Power:
         
Affiliated Companies
                349
                713
                803
                738
                741
Non-affiliated Companies
           33,994
           32,982
           32,896
           33,155
           30,708
Total Purchased Power
           34,343
           33,695
           33,699
           33,893
           31,449
Total Sources of Energy
         117,081
         115,850
         118,918
         118,625
         110,401
 USES OF ENERGY (GWh)
         
Electric Energy Sales:
         
Residential
           35,169
           34,664
           36,684
           37,465
           33,626
Commercial
           28,547
           28,724
           28,720
           28,831
           27,476
Industrial
           41,653
           41,181
           40,810
           38,751
           35,638
Governmental
             2,412
             2,435
             2,474
             2,463
             2,408
Total Retail
         107,781
         107,004
         108,688
         107,510
           99,148
Sales for Resale
             3,020
             3,200
             4,111
             4,372
             4,862
Unbilled Energy
                530
                  15
              (131)
              (173)
                631
Total Electric Energy Sales
         111,331
         110,219
         112,668
         111,709
         104,641
Line Losses and Company Usage
             5,750
             5,631
             6,250
             6,916
             5,760
Total Uses of Energy
         117,081
         115,850
         118,918
         118,625
         110,401
Peak Demand (MW)
       21,581
       21,866
           22,387
           21,799
           21,009
Operational Summer Capacity at Peak (MW)
           23,802
           23,407
           23,979
           24,310
           23,578
Annual System Load Factor (%)
                  62
                  60
                  60
                  62
                  60
Retail Electric Sales Growth Rate (%)
                 0.7
               (1.5)
                 1.1
                 8.4
               (1.5)
Retail Electric Sales Weather-Adjusted Growth Rate (%)
                 0.2
                 1.9
                 2.0
                 4.3
               (1.5)
Regional Gross Domestic Product Rate (%)
                 2.4
                 1.5
                 1.9
                 7.0
               (3.4)
National Gross Domestic Product Rate (%)
                 1.9
                 2.8
                 1.8
                 2.5
               (2.8)
Average Fuel Cost (cents/KWh)
         
Natural Gas
               4.12
               3.15
               4.85
               5.39
               5.64
Nuclear Fuel
               0.92
               0.85
               0.81
               0.78
               0.66
Coal
               2.70
               2.60
               2.31
               2.00
               2.04
Fuel Oil
                   -
                   -
 -
 -
                   -
Purchased Power
               4.32
               3.58
               4.59
               5.28
               5.29
Totals may not foot due to rounding.
         
           
           


 
 

 

UTILITY STATISTICAL INFORMATION
                 
                     
2013 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION
           
                     
 
 EAI
 EGSL
 ELL
 EMI
 ENOI
 ETI
 SERI
 ELIMINATIONS
 TOTAL
%
ELECTRIC OPERATING REVENUES ($ thousands)
 
 
 
   
 
   
Residential
       772,059
       465,292
       838,636
       526,618
       197,197
       596,396
                  -
                           -
            3,396,198
38%
Commercial
       469,367
       417,154
       585,833
       432,240
       182,748
       327,299
                  -
                           -
            2,414,641
27%
Industrial
       432,852
       502,057
       954,956
       155,742
         34,916
       324,767
                  -
                           -
            2,405,290
27%
Governmental
         19,206
         21,334
         45,900
         41,967
         66,553
         23,535
                  -
                           -
               218,495
2%
Total Retail
    1,693,484
    1,405,837
    2,425,325
    1,156,567
       481,414
    1,271,997
                  -
                           -
            8,434,624
94%
Sales for Resale
       429,141
       420,642
       117,231
       116,514
         27,301
       416,285
       735,065
          (2,052,381)
               209,798
2%
Other
         67,534
         55,416
         84,379
         61,459
         16,326
         40,517
                24
               (27,717)
               297,938
3%
Total
    2,190,159
    1,881,895
    2,626,935
    1,334,540
       525,041
    1,728,799
       735,089
          (2,080,098)
            8,942,360
100%
                     
FUEL REVENUES (included in above revenues)
       
 
 
   
Residential
       113,608
       182,720
       317,722
       166,976
         75,362
       164,417
                  -
                           -
            1,020,805
32%
Commercial
         83,642
       180,062
       221,156
       142,564
         79,933
       127,596
                  -
                           -
               834,953
26%
Industrial
         94,847
       298,711
       573,684
         66,397
         18,964
       181,602
                  -
                           -
            1,234,205
39%
Governmental
           3,386
           7,761
         17,638
         12,119
         30,165
           8,043
                  -
                           -
                 79,112
2%
Total Retail
       295,483
       669,254
    1,130,200
       388,056
       204,424
       481,658
                  -
                           -
            3,169,075
100%
                     
SOURCES OF ENERGY (GWh)
         
 
 
 
 
Net Generation:
           
 
 
 
 
Gas & Oil
           3,200
           2,991
           9,882
           7,240
           1,500
           5,551
  -
  -
                 30,364
26%
Coal
           7,481
           2,006
                -
           2,597
  -
           1,483
  -
  -
                 13,567
12%
Nuclear
         11,946
           7,587
           9,368
  -
  -
  -
           9,775
  -
                 38,676
33%
Hydro
              131
  -
  -
  -
  -
  -
  -
  -
                      131
0%
Total Net Generation
         22,758
         12,584
         19,250
           9,837
           1,500
           7,034
           9,775
                           -
                 82,738
71%
Purchased Power:
                   
Affiliated Companies
           4,017
           8,105
           8,442
           4,818
           3,915
           5,538
  -
               (34,486)
                      349
0%
Non-affiliated Companies
           4,608
           7,429
           7,686
           1,428
              462
         12,381
  -
  -
                 33,994
29%
Total Purchased Power
           8,625
         15,534
         16,128
           6,246
           4,377
         17,919
                  -
               (34,486)
                 34,343
29%
Total Sources of Energy
         31,383
         28,118
         35,378
         16,083
           5,877
         24,953
           9,775
               (34,486)
               117,081
100%
                     
USES OF ENERGY (GWh)
                   
Electric Energy Sales:
                   
Residential
           7,921
           5,206
           8,820
           5,629
           1,867
           5,726
  -
  -
                 35,169
33%
Commercial
           5,929
           5,208
           6,194
           4,815
           1,998
           4,402
  -
  -
                 28,547
26%
Industrial
           6,769
           9,021
         16,713
           2,265
              481
           6,404
  -
  -
                 41,653
39%
Governmental
              241
              228
              495
              409
              758
              282
  -
  -
                   2,412
2%
Total Retail
         20,860
         19,663
         32,222
         13,118
           5,104
         16,814
                  -
                           -
               107,781
100%
Sales for Resale
           8,929
           7,467
           1,936
           1,847
              508
           6,999
           9,794
               (34,460)
                   3,020
                  -
Unbilled Energy
              100
              138
              130
                19
                28
              115
  -
  -
                      530
                  -
Total Electric Energy Sales
         29,889
         27,268
         34,288
         14,984
           5,640
         23,928
           9,794
               (34,460)
               111,331
                  -
Line Losses and Company Usage
           1,494
              850
           1,090
           1,099
              237
           1,025
              (19)
                      (26)
                   5,750
                  -
Total Uses of Energy
         31,383
         28,118
         35,378
         16,083
           5,877
         24,953
           9,775
               (34,486)
               117,081
                  -
                     
AVERAGE ELECTRIC REVENUE (cents/KWh)
               
Residential
             9.75
             8.94
             9.51
             9.36
           10.56
           10.42
                  -
                           -
                     9.66
                  -
Commercial
             7.92
             8.01
             9.46
             8.98
             9.15
             7.44
                  -
                           -
                     8.46
                  -
Industrial
             6.39
             5.57
             5.71
             6.88
             7.26
             5.07
                  -
                           -
                     5.77
                  -
Governmental
             7.97
             9.36
             9.27
           10.26
             8.78
             8.35
                  -
                           -
                     9.07
                  -
                     
NUMBER OF RETAIL ELECTRIC CUSTOMERS
               
(as of December 31, 2013)
                   
Residential
       585,157
       335,212
       587,226
       369,686
       149,639
       368,347
  -
  -
            2,395,267
86%
Commercial
         90,354
         51,463
         77,033
         62,867
         14,430
         45,825
  -
  -
               341,972
12%
Industrial
         24,198
           3,511
           7,022
           3,752
           2,163
           5,143
  -
  -
                 45,789
2%
Governmental
              686
           1,695
           5,854
           4,864
           1,759
           2,310
  -
  -
                 17,168
1%
Total Retail Customers
       700,395
       391,881
       677,135
       441,169
       167,991
       421,625
                  -
                           -
            2,800,196
100%
Totals may not foot due to rounding.
                 
                     
                     


 
 

 

UTILITY STATISTICAL INFORMATION
                             
                               
ENTERGY ARKANSAS, INC.
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
                             
Residential
    772,059       765,564       755,807       773,012       768,500  
Commercial
    469,367       472,046       449,756       441,387       474,543  
Industrial
    432,852       439,467       421,384       414,791       433,321  
Governmental
    19,206       19,787       19,711       19,524       21,731  
Total Retail
    1,693,484       1,696,864       1,646,658       1,648,714       1,698,095  
Sales for Resale
    429,141       369,322       375,127       379,894       452,424  
Other
    67,534       60,818       62,525       53,839       60,743  
Total Electric Operating Revenues
    2,190,159       2,127,004       2,084,310       2,082,447       2,211,263  
                                         
FUEL REVENUES (included in above revenues)
                                       
Residential
    113,608       143,394       147,763       91,412       127,137  
Commercial
    83,642       109,845       110,070       65,809       95,959  
Industrial
    94,847       125,068       126,854       75,939       104,226  
Governmental
    3,386       4,651       4,965       2,976       4,416  
Total Retail Fuel Revenues
    295,483       382,958       389,652       236,136       331,738  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    3,200       1,889       1,078       984       1,003  
Coal
    7,481       7,179       7,636       8,233       7,955  
Nuclear
    11,946       15,493       14,194       15,023       15,168  
Hydro
    131       108       160       139       233  
Total Net Generation
    22,758       24,669       23,068       24,379       24,359  
Purchased Power:
                                       
Affiliated Companies
    4,017       2,940       4,280       3,887       3,776  
Non-affiliated Companies
    4,608       4,130       4,035       4,508       4,968  
Total Purchased Power
    8,625       7,070       8,315       8,395       8,744  
Total Sources of Energy
    31,383       31,739       31,383       32,774       33,103  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales:
                                       
Residential
    7,921       7,859       8,229       8,501       7,464  
Commercial
    5,929       6,046       6,051       6,144       5,817  
Industrial
    6,769       6,925       7,029       7,082       6,376  
Governmental
    241       257       275       277       269  
Total Retail
    20,860       21,087       21,584       22,004       19,926  
Sales for Resale
    8,929       9,019       8,197       8,703       11,611  
Unbilled Energy
    100       13       (49 )     (123 )     111  
Total Electric Energy Sales
    29,889       30,119       29,732       30,584       31,648  
Line Losses and Company Usage
    1,494       1,620       1,651       2,190       1,455  
Total Uses of Energy
    31,383       31,739       31,383       32,774       33,103  
                                         
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
Residential
    9.75       9.74       9.18       9.09       10.30  
Commercial
    7.92       7.81       7.43       7.18       8.16  
Industrial
    6.39       6.35       5.99       5.86       6.80  
Governmental
    7.97       7.70       7.17       7.05       8.08  
                                         
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
(as of December 31)
                                       
Residential
    585,157       583,882       582,813       582,557       580,672  
Commercial
    90,354       89,618       88,895       88,725       87,929  
Industrial
    24,198       21,295       20,402       20,605       20,118  
Governmental
    686       681       693       674       661  
Total Retail Customers
    700,395       695,476       692,803       692,561       689,380  
Totals may not foot due to rounding.
                                       
                                         
                                         


 
 

 

UTILITY STATISTICAL INFORMATION
                     
                               
ENTERGY ARKANSAS, INC.
                       
                               
GENERATION PORTFOLIO
                         
             
PLANT
         
TOTAL PLANT – 2013
       
            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(l)
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
Cecil Lynch(e)
2
100%
1949
 -
Gas/Oil
Retired
                  -
          -
          -
               -
              -
                        -
               (104)
  (15,307.7)
              1,592
 
3
100%
1954
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
     
Harvey Couch(f)
1
100%
1943
 -
Gas/Oil
Retired
                  -
          -
          -
               -
              -
                        -
               (837)
    (2,451.6)
              2,052
 
2
100%
1954
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
     
Lake Catherine(g)
1
100%
1950
 -
Gas/Oil
Retired
12,514
          -
          -
               -
              -
                        -
          477,685
           81.0
            38,697
 
2
100%
1950
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
     
 
3
100%
1953
 -
Gas/Oil
Retired
 
          -
49
12,041
              -
                        -
     
 
4
100%
1970
520
Gas/Oil
Peaking
 
2
806
338,218
              -
                        -
     
Hamilton Moses(h)
1
100%
1951
 -
Gas/Oil
Retired
                  -
          -
          -
               -
              -
                        -
                   -
                 -
                      -
 
2
100%
1951
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
     
Mabelvale(i)
1
100%
1970
13
Gas/Oil
Peaking
76,050
          -
          -
               -
              -
                        -
                   78
      7,666.7
                 598
 
2
100%
1970
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
     
 
3
100%
1970
13
Gas/Oil
Peaking
 
          -
          -
               -
              -
                        -
     
 
4
100%
1970
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
     
Robert Ritchie(j)
1
100%
1961
 -
Gas/Oil
Retired
                  -
          -
          -
               -
              -
                        -
                 (96)
         (31.3)
                     3
 
3
100%
1970
 -
Gas/Oil
Retired
 
          -
          -
               -
              -
                        -
                   -
               -
                    -
Ouachita
1
100%
2002
242
Gas
Intermediate
7,620
1
35
233,061
              -
Dry LNB, SCR
       1,000,706
           40.3
            40,302
 
2
100%
2002
243
Gas
       Intermediate
1
31
179,237
              -
            Dry LNB, SCR
   
Hot Spring
1
100%
2002
615
Gas
Intermediate
7,370
4
69
750,261
              -
SCR
       1,723,059
           43.9
            75,632
Independence
1
31.5%
1983
264
Coal
Base
10,137
3,963
1,492
1,510,644
77
OFA, ESP
       1,461,737
           33.3
            48,724
White Bluff
1
57%
1980
465
Coal
Base
10,376
9,819
5,269
3,595,781
184
OFA, ESP
       6,019,362
           30.2
          181,483
 
2
57%
1981
468
Coal
Base
 
9,672
5,018
3,544,437
182
OFA, ESP
     
Cecil Lynch(k)
 Diesel
100%
1967
 -
Oil
Retired
-
          -
          -
               -
              -
 
                   -
                 -
                  (34)
Carpenter
1
100%
1932
31
Hydro
Peaking
-
          -
          -
               -
              -
                        -
          101,163
             9.0
                 911
 
2
100%
1932
31
Hydro
Peaking
 
          -
          -
               -
              -
                        -
     
Remmel
1
100%
1925
4
Hydro
Peaking
-
          -
          -
               -
              -
                        -
            29,446
           28.0
                 823
 
2
100%
1925
4
Hydro
Peaking
 
          -
          -
               -
              -
                        -
     
 
3
100%
1925
4
Hydro
Peaking
 
          -
          -
               -
              -
                        -
     
Arkansas
 
 
 
 
 
 
                 
Nuclear One
1
100%
1974
834
Nuclear PWR(d)
Base
10,337
          -
          -
               -
              -
                        -
     11,946,220
           22.9
          273,003
 
2
100%
1980
985
Nuclear PWR(d)
Base
 
          -
          -
               -
              -
                        -
     
Total
     
4,736
               
     22,758,419
           29.2
          663,786
(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 2013 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) Cecil Lynch Units 2 and 3 were officially retired on Jun. 21, 2013 and Dec. 19, 2013.
           
(f) Harvey Couch Unit 2 was officially retired on Dec. 19, 2013.
                 
(g) Lake Catherine Units 1, 2 and 3 were officially retired on Dec. 19, 2013.
               
(h) Hamilton Moses Units 1 and 2 were officially retired on Feb. 6, 2013.
               
(i) Mabelvale Units 2 and 4 were officially retired on Dec. 19, 2013.
                 
(j) Robert Ritchie Units 1 and 3 were officially retired on Feb. 6, 2013 and Jun. 21, 2013.
           
(k) Cecil Lynch Diesel Unit was officially retired on May 1, 2013.
                 
(l) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                     
                               
                               


 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY GULF STATES LOUISIANA, L.L.C.
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
                             
Residential
    465,292       388,725       479,060       498,319       393,490  
Commercial
    417,154       349,210       416,321       426,342       354,038  
Industrial
    502,057       391,776       490,378       488,974       383,272  
Governmental
    21,334       18,522       20,925       20,350       17,625  
Total Retail
    1,405,837       1,148,233       1,406,684       1,433,985       1,148,425  
Sales for Resale
    420,642       410,622       614,429       541,219       579,358  
Other
    55,416       47,310       48,435       40,506       48,827  
Total Electric Operating Revenues
    1,881,895       1,606,165       2,069,548       2,015,710       1,776,610  
                                         
FUEL REVENUES (included in above revenues)
                                       
Residential
    182,720       134,464       186,547       193,863       177,483  
Commercial
    180,062       135,686       178,013       182,546       175,960  
Industrial
    298,711       219,667       292,036       292,789       251,212  
Governmental
    7,761       5,850       7,453       7,251       7,341  
Total Retail Fuel Revenues
    669,254       495,667       664,049       676,449       611,996  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    2,991       3,773       3,547       2,533       1,705  
Coal
    2,006       2,033       2,605       2,535       2,472  
Nuclear
    7,587       7,805       7,686       8,363       7,836  
Hydro
    -       -       -       -       -  
Total Net Generation
    12,584       13,611       13,838       13,431       12,013  
Purchased Power:
                                       
Affiliated Companies
    8,105       7,357       6,446       7,021       6,768  
Non-affiliated Companies
    7,429       7,936       10,007       10,437       9,720  
Total Purchased Power
    15,534       15,293       16,453       17,458       16,488  
Total Sources of Energy
    28,118       28,904       30,291       30,889       28,501  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales:
                                       
  Residential
    5,206       5,176       5,383       5,538       5,090  
  Commercial
    5,208       5,287       5,239       5,274       5,058  
  Industrial
    9,021       8,890       9,041       8,801       7,601  
  Governmental
    228       228       222       210       213  
Total Retail
    19,663       19,581       19,885       19,823       17,962  
Sales for Resale
    7,467       8,668       9,608       10,221       9,630  
Unbilled Energy
    138       11       (39 )     (51 )     149  
Total Electric Energy Sales
    27,268       28,260       29,454       29,993       27,741  
Line Losses and Company Usage
    850       644       837       896       760  
Total Uses of Energy
    28,118       28,904       30,291       30,889       28,501  
                                         
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
Residential
    8.94       7.51       8.90       9.00       7.73  
Commercial
    8.01       6.61       7.95       8.08       7.00  
Industrial
    5.57       4.41       5.42       5.56       5.04  
Governmental
    9.36       8.12       9.43       9.69       8.27  
                                         
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
(as of December 31)
                                       
Residential
    335,212       331,735       328,718       326,497       324,285  
Commercial
    51,463       50,616       50,277       49,886       49,319  
Industrial
    3,511       3,379       3,278       3,265       3,436  
Governmental
    1,695       1,698       1,615       1,627       1,652  
Total Retail Customers
    391,881       387,428       383,888       381,275       378,692  
Totals may not foot due to rounding.
                                       
                                         
                                         
                                         

 
 

 

UTILITY STATISTICAL INFORMATION
                     
                               
ENTERGY GULF STATES LOUISIANA, L.L.C.
                   
                               
GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2013
       
           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(g)
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 LA Station 2 (d)
10
100%
1950
 -
Gas
Reserve
                     -
          -
            -
               -
          -
                                           -
                         -
                         -
                     387
 
11
100%
1950
-
Gas
        Reserve
          -
            -
               -
          -
                                           -
 
 
 
 
12
100%
1953
-
Gas
        Reserve
          -
            -
               -
          -
                                           -
 
 
 
 Willow Glen 
1
100%
1960
-
Gas/Oil
Reserve
12,060
          -
41
38,351
          -
                                           -
              740,200
                    59.9
                44,327
 
2
100%
1964
181
Gas/Oil
Peaking
 
          -
92
73,642
          -
                                           -
 
 
 
 
3
100%
1968
-
Gas
         Reserve
          -
            -
               -
          -
ESP
 
 
 
 
4
100%
1973
481
Gas/Oil
Peaking
 
2
584
302,000
          -
                                           -
 
 
 
 
5
100%
1976
-
Gas/Oil
         Reserve
          -
            -
               -
          -
                                           -
 
 
 
 Roy S. Nelson 
3
100%
1960
-
Gas/Oil
Reserve
12,580
          -
98
82,754
          -
                                           -
           1,502,556
                    53.2
                79,979
 
4
100%
1970
424
Gas/Oil
     Intermediate
5
1,173
1,000,253
          -
                                           -
 
 
 
 Calcasieu
1
100%
2000
143
Gas
Peaking
11,500
1
98
105,860
          -
Dry LNB
              360,912
                    62.8
                22,662
 
2
100%
2001
159
Gas
Peaking
 
1
91
129,880
          -
Dry LNB
     
 Ouachita
3
100%
2002
246
Gas
Intermediate
7,535
1
26
157,890
          -
Dry LNB, SCR
              387,820
                    42.0
                16,289
 Roy S. Nelson 
6
40%
1982
222
Coal
Base
11,410
4,611
1,126
1,475,892
73
LNB w/ Sep OFA, ESP
           1,201,012
                    40.7
                48,854
 Big Cajun 2 
3
24%
1983
145
Coal
Base
10,350
2,883
726
960,378
49
LNB w/ OFA, ESP
              804,766
                    32.2
                25,913
 River Bend 
1
 100%(e) 
1986
968
Nuclear BWR(f)
Base
10,850
          -
            -
               -
          -
                                           -
           7,587,441
                    27.3
              206,903
Total
     
2,969
               
         12,584,707
                    35.4
              445,314
(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 2013 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.
                       
(g) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                     
                               


 
 

 

UTILITY STATISTICAL INFORMATION
                             
                               
ENTERGY LOUISIANA, LLC
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
                             
Residential
    838,636       687,043       829,663       840,011       669,084  
Commercial
    585,833       482,382       549,142       543,308       456,274  
Industrial
    954,956       731,215       867,491       817,454       664,377  
Governmental
    45,900       37,940       41,900       42,124       35,760  
Total Retail
    2,425,325       1,938,580       2,288,196       2,242,897       1,825,495  
Sales for Resale
    117,231       138,675       145,009       225,011       256,596  
Other
    84,379       72,188       75,710       70,858       101,495  
Total Electric Operating Revenues
    2,626,935       2,149,443       2,508,915       2,538,766       2,183,586  
                                         
FUEL REVENUES (included in above revenues)
                                       
Residential
    317,722       215,717       332,827       360,847       287,909  
Commercial
    221,156       151,733       218,649       231,104       194,759  
Industrial
    573,684       393,942       535,592       523,895       435,112  
Governmental
    17,638       11,925       16,595       18,067       15,388  
Total Retail Fuel Revenues
    1,130,200       773,317       1,103,663       1,133,913       933,168  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    9,882       11,530       10,506       9,429       7,090  
Coal
    -       -       -       -       -  
Nuclear
    9,368       7,854       8,929       10,276       8,949  
Hydro
    -       -       -       -       -  
Total Net Generation
    19,250       19,384       19,435       19,705       16,039  
Purchased Power:
                                       
Affiliated Companies
    8,442       8,163       7,484       5,783       7,818  
Non-affiliated Companies
    7,686       7,653       8,682       9,614       7,644  
Total Purchased Power
    16,128       15,816       16,166       15,397       15,462  
Total Sources of Energy
    35,378       35,200       35,601       35,102       31,501  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales:
                                       
Residential
    8,820       8,703       9,303       9,533       8,684  
Commercial
    6,194       6,112       6,155       6,164       5,867  
Industrial
    16,713       16,416       15,813       14,473       13,386  
Governmental
    495       479       473       479       459  
Total Retail
    32,222       31,710       31,744       30,649       28,396  
Sales for Resale
    1,936       2,222       2,330       2,961       1,621  
Unbilled Energy
    130       32       38       27       164  
Total Electric Energy Sales
    34,288       33,964       34,112       33,637       30,181  
Line Losses and Company Usage
    1,090       1,236       1,489       1,465       1,320  
Total Uses of Energy
    35,378       35,200       35,601       35,102       31,501  
                                         
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
Residential
    9.51       7.89       8.92       8.81       7.70  
Commercial
    9.46       7.89       8.92       8.81       7.78  
Industrial
    5.71       4.45       5.49       5.65       4.96  
Governmental
    9.27       7.92       8.86       8.79       7.79  
                                         
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
(as of December 31)
                                       
Residential
    587,226       583,975       580,627       578,466       575,388  
Commercial
    77,033       76,509       76,130       75,493       74,608  
Industrial
    7,022       6,914       6,908       6,971       7,247  
Governmental
    5,854       5,804       5,767       5,704       5,539  
Total Retail Customers
    677,135       673,202       669,432       666,634       662,782  
Totals may not foot due to rounding.
                                       
                                         
                                         


 
 

 

UTILITY STATISTICAL INFORMATION
                     
                               
ENTERGY LOUISIANA, LLC
                       
                               
GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2013
       
            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(e)
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
Acadia
2
100%
2002
546
Gas
Intermediate
7,590
3
60
678,116
    -
SCR
           1,529,941
                    38.5
                58,925
Buras
8
100%
1971
12
Gas/Oil
Peaking
37,180
       -
        -
                 -
    -
                        -
                       64
               5,718.8
                     366
Little Gypsy
1
100%
1961
238
Gas/Oil
Intermediate
13,030
1
226
154,868
    -
                        -
           1,456,085
                    62.3
                90,638
 
2
100%
1966
411
Gas/Oil
    Intermediate
2
233
385,886
    -
                        -
     
 
3
100%
1969
520
Gas/Oil
    Intermediate
3
1,570
552,220
    -
                        -
     
Monroe
10
100%
1961
-
Gas
Retired
                     -
       -
        -
                 -
    -
                        -
                       -
                         -
                     (29)
 
11
100%
1965
-
Gas
Retired
 
       -
        -
                 -
    -
                        -
     
 
12
100%
1968
-
Gas
Retired
 
       -
        -
                 -
    -
                        -
     
Ninemile Point
1
100%
1951
-
Gas/Oil
Retired
11,000
       -
3
2,333
    -
                        -
           4,283,882
                    48.0
              205,690
 
2
100%
1953
-
Gas/Oil
Retired
 
       -
        -
                 -
    -
                        -
     
 
3
100%
1955
103
Gas/Oil
     Intermediate
1
156
123,930
    -
                        -
     
 
4
100%
1971
699
Gas/Oil
     Intermediate
7
1,666
1,296,707
    -
                        -
     
 
5
100%
1973
717
Gas/Oil
     Intermediate
7
2,129
1,432,163
    -
                        -
     
Perryville
1
100%
2002
530
Gas
Intermediate
7,410
4
96
741,817
    -
Dry LNB, SCR
           1,636,598
                    42.9
                70,209
 
2
100%
2001
146
Gas
Peaking
 
       -
3
9,602
    -
Dry LNB
     
Sterlington
6
100%
1958
-
Gas/Oil
Retired
18,150
       -
        -
                 -
    -
                        -
                10,820
                  305.9
                  3,310
 
7
100%
1974
126
Gas/Oil
Peaking
 
       -
34
10,196
    -
                        -
     
Waterford
1
100%
1975
411
Gas/Oil
Intermediate
14,790
17
285
368,482
    -
                        -
              964,527
                    69.5
                67,059
 
2
100%
1975
411
Gas/Oil
    Intermediate
2
265
360,750
    -
                        -
     
 
4
100%
2009
33
Oil
Peaking
                     -
       -
4
1,259
    -
Steam Injection
                       -
                       -
                       -
Waterford
3
100%
1985
1,156
Nuclear PWR(d)
Base
10,934
       -
        -
                 -
    -
                        -
           9,367,757
                    25.1
              235,361
Total
     
6,059
               
         19,249,674
                    38.0
              731,529
(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 2013 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) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                     
                               
                               


 
 

 

UTILITY STATISTICAL INFORMATION
                             
                               
ENTERGY MISSISSIPPI, INC.
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
                         
Residential
    526,618       453,707       490,088       508,571       466,632  
Commercial
    432,240       381,346       401,276       405,577       395,444  
Industrial
    155,742       140,460       145,792       144,581       146,608  
Governmental
    41,967       36,289       37,302       37,754       37,740  
Total Retail
    1,156,567       1,011,802       1,074,458       1,096,483       1,046,424  
Sales for Resale
    116,514       46,962       131,334       87,670       79,408  
Other
    61,459       61,601       60,678       48,769       54,275  
Total Electric Operating Revenues
    1,334,540       1,120,366       1,266,470       1,232,922       1,180,107  
                                         
FUEL REVENUES (included in above revenues)
                                       
Residential
    166,976       137,760       181,581       177,354       179,338  
Commercial
    142,564       122,805       154,748       145,950       158,937  
Industrial
    66,397       58,721       69,808       63,696       70,679  
Governmental
    12,119       10,210       12,861       12,031       13,614  
Total Retail Fuel Revenues
    388,056       329,496       418,998       399,031       422,568  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    7,240       6,305       5,978       5,469       3,583  
Coal
    2,597       2,605       2,749       2,974       2,847  
Nuclear
    -       -       -       -       -  
Hydro
    -       -       -       -       -  
Total Net Generation
    9,837       8,910       8,727       8,443       6,430  
Purchased Power:
                                       
Affiliated Companies
    4,818       4,415       5,080       5,467       6,127  
Non-affiliated Companies
    1,428       1,393       1,524       1,607       1,752  
Total Purchased Power
    6,246       5,808       6,604       7,074       7,879  
Total Sources of Energy
    16,083       14,718       15,331       15,517       14,309  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales:
                                       
Residential
    5,629       5,550       5,848       6,077       5,358  
Commercial
    4,815       4,915       4,985       5,000       4,756  
Industrial
    2,265       2,400       2,326       2,250       2,178  
Governmental
    409       408       415       416       405  
Total Retail
    13,118       13,273       13,574       13,743       12,697  
Sales for Resale
    1,847       497       763       670       528  
Unbilled Energy
    19       24       (69 )     (18 )     74  
Total Electric Energy Sales
    14,984       13,794       14,268       14,395       13,299  
Line Losses and Company Usage
    1,099       924       1,063       1,122       1,010  
Total Uses of Energy
    16,083       14,718       15,331       15,517       14,309  
                                         
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
Residential
    9.36       8.17       8.38       8.37       8.71  
Commercial
    8.98       7.76       8.05       8.11       8.31  
Industrial
    6.88       5.85       6.27       6.43       6.73  
Governmental
    10.26       8.91       8.99       9.08       9.32  
                                         
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
(as of December 31)
                                       
Residential
    369,686       368,660       366,697       366,722       365,804  
Commercial
    62,867       63,083       62,762       62,858       62,613  
Industrial
    3,752       3,598       3,488       3,450       2,749  
Governmental
    4,864       4,419       4,358       4,322       4,259  
Total Retail Customers
    441,169       439,760       437,305       437,352       435,425  
Totals may not foot due to rounding.
                                       
                                         
                                         

 
 

 
 
 
UTILITY STATISTICAL INFORMATION
                     
                               
ENTERGY MISSISSIPPI, INC.
                       
                               
GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2013
       
            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(d)
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
Attala
1
100%
2001
460
Gas
Intermediate
7,280
4
71
798,747
          -
Dry LNB, SCR
           2,193,525
                    35.6
                78,011
Hinds
1
100%
2001
463
Gas
Intermediate
7,270
4
55
720,987
          -
 SCR
           1,850,561
                    37.4
                69,254
Baxter Wilson
1
100%
1967
495
Gas/Oil
Intermediate
12,180
2
635
334,842
          -
                        -
           1,812,970
                    62.0
              112,388
 
2
100%
1971
667
Gas/Oil
     Intermediate
6
2,714
870,167
          -
Combus Mod/Fuel Reburn
 
Delta
1
100%
1953
-
Gas/Oil
Retired
                     -
          -
          -
               -
          -
                        -
                   (103)
             (1,339.8)
                     138
 
2
100%
1953
-
Gas/Oil
Retired
 
          -
          -
               -
          -
                        -
     
Gerald Andrus
1
100%
1975
673
Gas/Oil
Intermediate
11,750
5
1,315
899,637
          -
OFA
           1,305,735
                    52.6
                68,638
Natchez
1
100%
1951
-
Gas/Oil
Retired
                     -
          -
          -
               -
          -
                        -
                       -
                         -
                         -
Rex Brown
1
100%
1948
-
Gas
Retired
18,400
          -
          -
               -
          -
                        -
                77,637
                  142.3
                11,047
 
3
100%
1951
40
Gas/Oil
Peaking
 
          -
12
3,888
          -
                        -
     
 
4
100%
1959
193
Gas/Oil
      Intermediate
1
258
102,074
          -
                        -
     
 
5
100%
1968
9
 Oil
Peaking
 
          -
          -
               -
          -
                        -
     
Independence
1
25%
1983
209
 Coal
Base
10,284
3,145
1,184
1,198,924
61
OFA, ESP
           2,597,385
                    32.6
                84,717
 
2
25%
1984
210
Coal
Base
 
4,068
1,494
1,540,146
79
OFA, ESP
     
Total
     
3,420
               
           9,837,710
                    43.1
              424,193
(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 2013 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) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                     
                               
                               


 
 

 

UTILITY STATISTICAL INFORMATION
                             
                               
ENTERGY NEW ORLEANS, INC.
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
                             
Residential
    197,197       174,108       175,994       196,391       167,794  
Commercial
    182,748       163,911       153,824       173,536       166,454  
Industrial
    34,916       31,374       29,800       35,826       37,225  
Governmental
    66,553       62,718       59,840       70,146       69,306  
Total Retail
    481,414       432,112       419,458       475,899       440,779  
Sales for Resale
    27,301       43,967       95,704       56,500       88,010  
Other
    16,326       11,554       14,066       10,703       7,196  
Total Electric Operating Revenues
    525,041       487,633       529,228       543,102       535,985  
                                         
FUEL REVENUES (included in above revenues)
                                       
Residential
    75,362       56,274       59,406       65,146       62,017  
Commercial
    79,933       61,972       60,829       66,088       72,121  
Industrial
    18,964       15,354       15,310       17,253       19,103  
Governmental
    30,165       24,768       24,790       28,073       31,866  
Total Retail Fuel Revenues
    204,424       158,368       160,335       176,560       185,107  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    1,500       2,344       2,412       1,867       2,202  
Coal
    -       -       -       -       -  
Nuclear
    -       -       -       -       -  
Hydro
    -       -       -       -       -  
Total Net Generation
    1,500       2,344       2,412       1,867       2,202  
Purchased Power:
                                       
Affiliated Companies
    3,915       3,385       3,650       3,839       3,760  
Non-affiliated Companies
    462       448       489       511       590  
Total Purchased Power
    4,377       3,833       4,139       4,350       4,350  
Total Sources of Energy
    5,877       6,177       6,551       6,217       6,552  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales:
                                       
Residential
    1,867       1,772       1,888       1,858       1,577  
Commercial
    1,998       1,968       1,939       1,899       1,813  
Industrial
    481       484       498       503       526  
Governmental
    758       785       795       809       805  
Total Retail
    5,104       5,009       5,120       5,069       4,721  
Sales for Resale
    508       986       1,186       919       1,543  
Unbilled Energy
    28       (2 )     (1 )     (18 )     29  
Total Electric Energy Sales
    5,640       5,993       6,305       5,970       6,293  
Line Losses and Company Usage
    237       184       246       247       259  
Total Uses of Energy
    5,877       6,177       6,551       6,217       6,552  
                                         
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
Residential
    10.56       9.82       9.32       10.57       10.64  
Commercial
    9.15       8.33       7.93       9.14       9.18  
Industrial
    7.26       6.48       5.98       7.12       7.08  
Governmental
    8.78       7.99       7.53       8.67       8.61  
                                         
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
(as of December 31)
                                       
Residential
    149,639       146,706       142,680       138,659       132,602  
Commercial
    14,430       14,155       13,920       14,079       13,064  
Industrial
    2,163       2,112       2,288       2,277       2,311  
Governmental
    1,759       1,769       1,738       2,079       1,747  
Total Retail Customers
    167,991       164,742       160,626       157,094       149,724  
Totals may not foot due to rounding.
                                       
                                         
                                         
                                         


 
 

 

UTILITY STATISTICAL INFORMATION
                       
                               
ENTERGY NEW ORLEANS, INC.
                       
                               
GENERATION PORTFOLIO
                         
             
PLANT
         
TOTAL PLANT – 2013
       
           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(d)
(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
11,272
            -
            -
            -
    -
                        -
       1,499,897
           62.0
            93,026
 
2
100%
1963
239
 Gas/Oil
     Intermediate
2
539
357,721
    -
                        -
 
 
 
 
3
100%
1967
542
 Gas/Oil
     Intermediate
3
616
631,615
    -
Combus Mod/Fuel Reburn
 
 
 
A. B. Paterson
5
100%
1967
-
 Oil
Retired
                     -
            -
            -
            -
    -
                        -
                   -
               -
                    -
Total
     
781
               
       1,499,897
           62.0
            93,026
(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 2013 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) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                       
                               


SYSTEM ENERGY RESOURCES, INC.
                             
                               
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
    735,089       622,118       563,411       558,584       554,007  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    -       -       -       -       -  
Coal
    -       -       -       -       -  
Nuclear
    9,775       6,562       9,293       8,677       9,898  
Hydro
    -       -       -       -       -  
Total Net Generation
    9,775       6,562       9,293       8,677       9,898  
Purchased Power
    -       -       -       -       -  
Total Sources of Energy
    9,775       6,562       9,293       8,677       9,898  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales
    9,794       6,602       9,293       8,692       9,898  
Unbilled Energy
    -       -       -       -       -  
Line Losses and Company Usage
    (19 )     (40 )     -       (15 )     -  
Total Uses of Energy
    9,775       6,562       9,293       8,677       9,898  
Totals may not foot due to rounding.
                                       

 
SYSTEM ENERGY RESOURCES, INC.
                       
 
 
 
                         
GENERATION PORTFOLIO
                         
             
PLANT
         
TOTAL PLANT – 2013
       
            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(c)
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY
 (MWH)
 MWH
($000)
Grand Gulf
1
90%
1985
1,272
 Nuclear BWR(b)
Base
10,503
            -
            -
            -
    -
                        -
       9,793,557
           25.8
          253,974
Total
     
1,272
               
       9,793,557
           25.8
          253,974
(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.
                       
(c) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                       
                               


 
 

 

 UTILITY STATISTICAL INFORMATION
                             
                               
 ENTERGY TEXAS, INC.
                             
   
2013
   
2012
   
2011
   
2010
   
2009
 
ELECTRIC OPERATING REVENUES ($ thousands)
                             
Residential
    596,396       553,107       638,161       558,733       533,146  
Commercial
    327,299       325,342       368,614       320,935       336,876  
Industrial
    324,767       299,441       351,731       305,455       332,303  
Governmental
    23,535       22,940       25,955       22,527       22,797  
Total Retail
    1,271,997       1,200,830       1,384,461       1,207,650       1,225,122  
Sales for Resale
    416,285       348,783       336,555       449,233       303,682  
Other
    40,517       31,883       36,183       33,548       35,019  
Total Electric Operating Revenues
    1,728,799       1,581,496       1,757,199       1,690,431       1,563,823  
                                         
FUEL REVENUES (included in above revenues)
                                       
Residential
    164,417       164,387       231,058       228,693       250,230  
Commercial
    127,596       128,204       166,223       164,098       186,662  
Industrial
    181,602       165,768       214,474       210,357       229,164  
Governmental
    8,043       8,070       10,836       10,333       11,479  
Total Retail Fuel Revenues
    481,658       466,429       622,591       613,481       677,535  
                                         
SOURCES OF ENERGY (GWh)
                                       
Net Generation:
                                       
Gas & Oil
    5,551       5,170       6,521       6,355       6,184  
Coal
    1,483       1,503       1,925       1,874       1,827  
Nuclear
    -       -       -       -       -  
Hydro
    -       -       -       -       -  
Total Net Generation
    7,034       6,673       8,446       8,229       8,011  
Purchased Power:
                                       
Affiliated Companies
    5,538       5,754       6,546       7,537       6,349  
Non-affiliated Companies
    12,381       11,423       8,159       6,478       6,034  
Total Purchased Power
    17,919       17,177       14,705       14,016       12,383  
Total Sources of Energy
    24,953       23,850       23,151       22,245       20,394  
                                         
USES OF ENERGY (GWh)
                                       
Electric Energy Sales:
                                       
  Residential
    5,726       5,604       6,034       5,958       5,453  
  Commercial
    4,402       4,396       4,433       4,271       4,165  
  Industrial
    6,404       6,066       6,102       5,642       5,570  
  Governmental
    282       278       294       271       258  
Total Retail
    16,814       16,344       16,863       16,142       15,446  
Sales for Resale
    6,999       6,530       5,416       5,058       3,861  
Unbilled Energy
    115       (64 )     (11 )     10       104  
Total Electric Energy Sales
    23,928       22,810       22,268       21,210       19,411  
Line Losses and Company Usage
    1,025       1,040       883       1,035       983  
Total Uses of Energy
    24,953       23,850       23,151       22,245       20,394  
                                         
AVERAGE ELECTRIC REVENUE (cents/KWh)
                                       
Residential
    10.42       9.87       10.58       9.38       9.78  
Commercial
    7.44       7.40       8.32       7.51       8.09  
Industrial
    5.07       4.94       5.76       5.41       5.97  
Governmental
    8.35       8.25       8.83       8.31       8.84  
                                         
NUMBER OF RETAIL ELECTRIC CUSTOMERS
                                       
(as of December 31)
                                       
Residential
    368,347       364,997       360,909       356,999       352,682  
Commercial
    45,825       45,247       44,760       44,080       43,375  
Industrial
    5,143       4,932       4,809       4,815       4,896  
Governmental
    2,310       2,271       2,248       2,213       2,159  
Total Retail Customers
    421,625       417,447       412,726       408,107       403,112  
Totals may not foot due to rounding.
                                       
                                         


 
 

 

UTILITY STATISTICAL INFORMATION
                     
                               
ENTERGY TEXAS, INC.
                         
                               
GENERATION PORTFOLIO
                       
             
PLANT
         
TOTAL PLANT – 2013
       
         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(d)
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(c)
 (MWH)
 MWH
($000)
 Roy S. Nelson 
6
30%
1982
163
Coal
Base
11,410
3,408
832
1,090,876
54
LNB w/ Sep OFA, ESP
              887,702
                    41.3
                36,650
 Big Cajun 2 
3
18%
1983
108
Coal
Base
10,350
2,131
537
709,845
36
LNB w/ OFA, ESP
              594,827
                    32.1
                19,140
 Lewis Creek 
1
100%
1970
230
Gas/Oil
Intermediate
11,600
3
99
609,455
          -
SCR
           1,454,982
                    55.5
                80,700
 
2
100%
1971
230
Gas/Oil
     Intermediate
2
91
405,077
          -
SCR
 
 
 
 Sabine 
1
100%
1962
212
Gas/Oil
Intermediate
11,470
2
520
368,504
          -
                                           -
           4,096,269
                    50.1
              205,010
 
2
100%
1962
212
Gas/Oil
     Intermediate
2
311
365,962
          -
                                           -
 
 
 
 
3
100%
1966
396
Gas/Oil
     Intermediate
3
543
595,308
          -
LNB w/ Sep OFA
 
 
 
 
4
100%
1974
533
Gas
     Intermediate
5
1,037
1,036,520
          -
             Combus Mod/Fuel Reburn
 
 
 
5
100%
1979
470
Gas/Oil
     Intermediate
2
278
401,380
          -
LNB w/ Closed-coupled OFA
 
 
 
Total
     
2,554
               
           7,033,780
                    48.6
              341,500
(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 2013 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) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Calculations may differ due to rounding.
                     
                               
                               


 
 

 

UTILITY STATISTICAL INFORMATION
         
           
UTILITY NUCLEAR PLANT STATISTICS
         
The following table shows plant performance for 2009 – 2013 based on 18/24 month operating cycle.
   
           
CAPABILITY FACTOR (%)
 2013
 2012
 2011
 2010
 2009
ANO
                           79.5
                           93.7
                           92.1
                           92.3
                           90.9
Grand Gulf
                           74.6
                           77.3
                           90.7
                           92.4
                           92.1
River Bend
                           90.0
                           90.3
                           93.4
                           92.7
                           94.2
Waterford 3
                           80.7
                           85.6
                           91.4
                           91.4
                           91.4
Entergy Southeast Average
                           80.8
                           88.1
                           91.9
                           92.2
                           91.9
Industry Average
                           89.1
                           86.8
                           89.3
                           89.3
                           90.2
           
The following table shows plant performance for 2013 and averages for four three-year periods.
   
           
PRODUCTION COST ($/MWh)(a)
 2013
 2010-2012
 2009–2011
 2008–2010
 2007–2009
ANO
                           22.9
20.6
                           19.8
                           18.5
                           17.2
Grand Gulf
                           25.9
23.1
                           19.8
                           18.8
                           17.7
River Bend
                           27.3
24.6
                           23.2
                           23.4
                           22.9
Waterford 3
                           25.1
22.2
                           20.8
                           19.3
                           18.1
Entergy Southeast Average
                           25.1
                           22.3
                           20.6
                           19.6
                           18.5
Industry Average
 —
                           22.9
                           21.7
                           20.4
                           19.4
(a) Fuel and non-fuel operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh;
     includes special items to conform with FERC Form 1 definition
     
           
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)
                            834
                            985
1,272
968
                         1,156
Refueling Data:
 
 
 
 
 
Last Date
3/24/13 -
5/11/14  -
2/9/14 -
2/17/13 -
4/13/14 -
 
8/7/13
6/12/14
3/16/14
3/20/13
5/14/14
Number of Days
136(d)
                              32
34
                              31
32
Next Scheduled Refueling
 Spring 15
 Fall 15
Spring 16
 Spring 15
Fall 15
2013 Capability Factor (%)
                           73.8
                           85.1
                           74.6
                           90.0
                           80.7
($ millions as of December 31, 2013)
 
 
 
 
 
Net Book Value
1,200(b)
 
                         1,869
1,446(c)
                         2,055
Decommissioning Trust Fair Values
711(b)
 
                            604
574(c)
                            347
Decommissioning Liability
715(b)
 
                            465
392(c)
                            616
(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) 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 damaged the ANO turbine building. The outage duration reflects extensive restoration efforts, including damage evaluation
    repairs to non-reactor plant components and rescheduling the unit’s refueling activities.
   
           
           

 
 
 

 

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(a)
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
   
 
 
 
Lynn Posey – Chairman (2013)
   
 Republican
1/08
 12/15
R. Stephen Renfroe – Vice-Chairman (2013)
 
 Republican
9/13
 12/15
Brandon Presley
   
 Democrat
1/08
 12/15
NEW ORLEANS
 
 
 
 
 
Stacy Head
   
 Democrat
5/06
5/18
Jason Rogers Williams - Chair of Utility Committee
 
 Democrat
5/14
5/18
Susan Guidry
   
Democrat
5/10
5/18
LaToya Cantrell
   
Democrat
12/12
5/18
Nadine Ramsey
   
 Democrat
5/14
5/18
Jared Brossett
   
 Democrat
5/14
5/18
James Gray II
   
Democrat
12/12
5/18
TEXAS
   
 
 
 
Donna L. Nelson – Chair
   
 Republican
8/08
 8/15
Kenneth W. Anderson Jr.
   
 Republican
9/08
 8/17
Brandy D. Marty
   
 Republican
8/13
9/19
(a) Commissioner Wills' term has expired, however no one has been appointed to replace her yet; she will serve until she is replaced
           


 
 

 

UTILITY ELECTRIC AND GAS FUEL RECOVERY MECHANISMS
             
 
                                                           DEFERRED FUEL* BALANCE AS OF DECEMBER  31,
COMPANY
 2013
 2012
 2011
 2010
 2009
 FUEL RECOVERY MECHANISM
       
($ millions)
 
EAI
       68.7
       97.3
     209.8
       61.5
     122.8
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)
     109.7
       99.2
         2.9
       77.8
       57.8
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)
       37.6
       94.6
         1.5
         8.8
       66.4
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
       38.1
       26.5
     (15.8)
         3.2
     (72.9)
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(a)
     (19.1)
         1.9
       (7.5)
       (2.8)
         8.1
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
       (4.1)
     (93.3)
     (64.7)
     (77.4)
   (102.7)
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
     230.9
     226.2
     126.2
       71.1
       79.5
 
Totals may not foot due to rounding.
     
(a) All years include $100.1 million for Entergy Gulf States Louisiana, $68 million for Entergy Louisiana and $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; amount includes rough production cost equalization payments/receipts due to/from
    customers for EAI, ETI and ENOI
       
             
             


 
 

 

ENTERGY WHOLESALE COMMODITIES
                     
                       
EWC QUARTERLY FINANCIAL METRICS
                     
 
2013
2012
 
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
  % CHANGE
GAAP MEASURES
 
 
 
 
 
 
 
 
 
 
 
As-Reported Net Income ($ millions)
        82.1
        11.5
      (92.8)
         42.1
       42.9
     (175.9)
       70.8
       86.8
           58.8
       40.4
                 6
Return on Average Invested Capital – As-Reported (%)*
          5.5
          4.5
         1.3
           1.0
         1.0
           3.9
         3.4
         2.7
             0.9
         0.9
               11
Return on Average Common Equity – As-Reported (%)*
          5.5
          4.4
         1.1
           0.9
         0.9
           3.9
         3.3
         2.7
             0.8
         0.8
               13
Debt to Capital Ratio (%)
          2.0
          2.0
         5.7
           4.0
         4.0
           3.7
         2.5
         2.4
             2.1
         2.1
               90
NON-GAAP MEASURES
                     
Operational Adjusted EBITDA ($ millions)
         194
           61
        165
          133
        553
          144
        127
        185
            161
        618
             (11)
Operational Earnings ($ millions)
        82.1
        12.7
       82.3
         85.6
     262.7
         47.5
       70.8
       86.8
           58.8
     263.9
 -
Return on Average Invested Capital – Operational (%)*
          5.5
          4.5
         4.5
           5.3
         5.3
           7.9
         7.4
         6.7
             5.0
         5.0
                 6
Return on Average Common Equity – Operational (%)*
          5.5
          4.4
         4.5
           5.3
         5.3
           8.2
         7.6
         7.0
             5.0
         5.0
                 6
Net Debt to Net Capital Ratio (%)
         (1.0)
         (0.5)
         3.5
           0.5
         0.5
         (1.0)
         0.6
       (1.2)
           (0.6)
       (0.6)
           (183)
*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
                     
     
 2013
 
 2012
 
 2011
 
 2010
 
 2009
GAAP MEASURES
 
                   
As-Reported Net Income ($ millions)
   
       42.9
 
       40.4
 
     488.6
 
         447.4
 
          606.7
Return on Average Invested Capital – As-Reported (%)
 
         1.0
 
         0.9
 
         9.1
 
             9.5
 
            13.7
Return on Average Common Equity – As-Reported (%)
 
         0.9
 
         0.8
 
         9.7
 
           10.5
 
            16.9
Debt to Capital Ratio (%)
   
         4.0
 
         2.1
 
         3.6
 
           15.3
 
            23.7
NON-GAAP MEASURES
                     
Operational Adjusted EBITDA ($ millions)
   
        553
 
        618
 
        862
 
         1,048
 
          1,230
Operational Earnings ($ millions)
   
     262.7
 
     263.9
 
     488.6
 
         548.1
 
          650.7
Return on Average Invested Capital – Operational (%)
 
         5.3
 
         5.0
 
         9.1
 
           11.4
 
            14.6
Return on Average Common Equity – Operational (%)
 
         5.3
 
         5.0
 
         9.7
 
           12.9
 
            18.1
Net Debt to Net Capital Ratio (%)
   
         0.5
 
       (0.6)
 
       (2.2)
 
             7.8
 
            16.4
 Certain prior year data has been reclassified to conform with current year presentation.
           
                       
EWC QUARTERLY OPERATIONAL METRICS
                     
 
2013
2012
 YTD
 
 1Q
 2Q
 3Q
 4Q
 YTD
 1Q
 2Q
 3Q
 4Q
 YTD
 % CHANGE
Owned Capacity (MW)
      6,612
      6,612
     6,612
       6,068
     6,068
       6,612
     6,612
     6,612
         6,612
     6,612
               (8)
Average Realized Revenue/MWh
 $   58.66
 $   47.36
 $  53.22
 $    45.05
 $  50.86
 $    49.29
 $  48.27
 $  51.88
 $      50.56
 $  50.02
                 2
Non-Fuel O&M Expense per MWh(a)
 $   25.22
 $   25.69
 $  25.28
 $    25.10
 $  25.32
 $    23.93
 $  24.07
 $  23.15
 $      23.52
 $  23.66
                 7
Billed GWh
    10,387
    11,172
   11,630
     11,938
   45,127
     11,281
   11,674
   12,002
       11,221
   46,178
               (2)
EWC Nuclear
                     
 Average Realized Revenue/MWh
 $   57.82
 $   46.40
 $  53.16
 $    44.15
 $  50.15
 $    50.32
 $  48.67
 $  52.27
 $      49.88
 $  50.29
               (0)
 Production Cost/MWh
 $   25.94
 $   29.16
 $  25.32
 $    25.37
 $  26.35
 $    25.85
 $  26.61
 $  26.14
 $      26.18
 $  26.19
                 1
 Non-Fuel O&M Expense per MWh
 $   27.40
 $   28.28
 $  27.39
 $    26.82
 $  27.45
 $    26.37
 $  25.59
 $  25.46
 $      24.44
 $  25.45
                 8
 Billed GWh
      9,246
      9,789
   10,274
     10,858
   40,167
       9,838
   10,426
   10,480
       10,298
   41,042
               (2)
 Capacity Factor
83%
82%
94%
97%
89%
88%
85%
90%
90%
89%
                 -
(a) 2012 and 2013 exclude the effect of the special item for the Vermont Yankee asset impairment/related charges; 2013 excludes the effect of the special item for HCM implementation expenses
     Certain prior year data has been reclassified to conform with current year presentation.
           
   Totals may not foot due to rounding.
                     
                       
EWC ANNUAL OPERATIONAL METRICS
                     
     
 2013
 
 2012
 
 2011
 
 2010
 
 2009
 Owned Capacity (MW)
   
     6,068
 
     6,612
 
     6,599
 
         6,351
 
          6,351
 Average Realized Revenue/MWh
   
 $  50.86
 
 $  50.02
 
 $  54.50
 
 $      59.04
 
 $       60.46
 Non-Fuel O&M Expense per MWh(a)(b)
   
 $  25.32
 
 $  23.66
 
 $  24.28
 
 $      26.76
 
 $       24.45
Billed GWh
   
   45,127
 
   46,178
 
   43,497
 
       42,682
 
        43,969
EWC Nuclear
                     
Net MW in Operation
   
     5,011
 
     5,011
 
     4,998
 
         4,998
 
          4,998
 Average Realized Price/MWh
   
 $  50.15
 
 $  50.29
 
 $  54.73
 
 $      59.16
 
 $       61.07
 Production Cost/MWh(b)
   
 $  26.35
 
 $  26.19
 
 $  25.21
 
 $      25.27
 
 $       23.26
 Non-Fuel O&M Expense per MWh(a)(b)
   
 $  27.45
 
 $  25.45
 
 $  25.25
 
 $      25.66
 
 $       22.92
Billed GWh
   
   40,167
 
   41,042
 
   40,918
 
       39,655
 
        40,981
Capacity Factor
   
89%
 
89%
 
93%
 
90%
 
93%
 (a) 2010 and 2009 exclude the effects of the non-utility nuclear spin-off expenses special items at EWC Nuclear.
     
 (b) 2012 and 2013 exclude the effect of the special item for the Vermont Yankee asset impairment/related charges; 2013 excludes the effect of the special item for HCM implementation expenses
       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
 
As of December 2013.
 
 PLANTS
 UNITS
 MW
       
 MW
 %
 
Gas/Oil (c)
 
             1
            3
583(b)
       
796
          13
 
Coal
 
              -
             -
              -
       
181
            3
 
Total Fossil
 
             1
            3
583
       
977
          16
 
Wind
 
              -
             -
              -
       
80
            1
 
Nuclear
 
             6
            7
  5,811(a)
                                    
     
5,011
          83
 
Total Capacity
 
             7
          10
6,394
       
6,068
        100
 
 (a) Operated capacity includes management services contracts.
               
 (b) Excludes units operated by Entergy’s utility companies.  
                 
 (c) In November 2013, Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
             
                       
                       

 
 

 

ENTERGY WHOLESALE COMMODITIES
           
               
EWC NUCLEAR PLANT STATISTICS
           
               
 
JAMES A.
INDIAN POINT
PALISADES
PILGRIM
VERMONT
 
 
FITZPATRICK
UNIT 2
UNIT 3
NUCLEAR PLANT
NUCLEAR STATION
YANKEE(f)
 
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 (g) 
 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
                            688
                            605
 
(as of December 31, 2013)
 
 
 
 
 
 
 
Refueling Data:
 
 
 
 
 
 
 
Last Date
 9/16/12 –
 2/24/14 –
 3/4/13 –
 1/19/14 –
 4/14/13 –
 3/9/13 –
 
 
10/19/12
3/19/14
 3/31/13
 3/16/14
 5/30/13
 4/5/13
 
Number of Days
                              34
                              23
                              28
                              56
                              45
                              27
 
Next Scheduled Refueling
 Late Summer 14
 Spring 16
 Spring 15
 Fall 15
Spring 15
n/a
 
2013 Capacity Factor
92%
98%
91%
86%
73%
91%
 
Spent Fuel Storage Thru
2002
2006
2009
1991
2015
n/a
 
Begin Dry Cask Loading
2002
2007
2010
1993
2014
n/a
 
($ millions as of December 31, 2013)
 
 
 
 
 
 
 
Net Book Value
                            569
                            896
                            924
                            782
                            359
29 (e)
 
Decommissioning Trust Fund Balance
(a)
876 (b)
(a)
                            354
                            825
                            612
 
Decommissioning Liability
(a)
511 (b)
(a)
                            353
                            355
                            478
 
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
Lower Hudson Valley
Lower Hudson Valley
 
 
 
 
(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 $321.5 million ($202.2 million after-tax) in 2013 and $355.5 million ($223.5 million after-tax) in 2012 of impairment and other related
    charges to write down the carrying value of Vermont Yankee and related assets to their fair values. See pgs. 66 - 68 of the 2013 10-K for more detail.
(f) Entergy plans to close the Vermont Yankee plant at the end of its current operating cycle in fourth quarter 2014.
 
 
(g) On 9/28/13, Indian Point 2 entered the period of extended operations under its current license.
   
               
EWC NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS
       
   
 NERC
 COMMERCIAL
 OWNERSHIP
 NET
 TOTAL
 FUEL TYPE
PLANT (a)
 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
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
       
1,057
2,560
 
(a) In November 2013, Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
     
               
               
               
EWC NON-NUCLEAR WHOLESALE ASSETS PLANT EMISSIONS
       
               
     
Emissions
 
 FUEL TYPE
 
SO2
NOx
CO2
Hg(a)
 
PLANT (c)
 TECHNOLOGY
 PURPOSE
(tons)
(tons)
(tons)
(lbs)
TECHNOLOGY(b)
Independence – Unit 2
 Coal
 Base
                         6,407
                         2,353
                  2,425,422
124
OFA
Nelson 6
 Coal
 Base
9,267
                         2,264
                  2,966,451
146
LNB w Sep OFA
RS Cogen
 CCGT Cogen
 Base
9
801
                  1,777,171
0
Dry LNB/SCR
Top of Iowa
 Wind
 Renewable
                                -
                                -
                                -
                                -
                                -
White Deer
 Wind
 Renewable
                                -
                                -
                                -
                                -
                                -
Rhode Island State Energy Center
CCGT
Intermediate
                                4
                              59
                     840,852
0
Dry LNB/SCR
 Total
   
                       15,687
                         5,477
                  8,009,897
270
 
(a) Mercury emissions calculated using 2013 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.
(c) In November 2013, Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
     
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)
2013
2012
2011
 
 MATURITY
 
 RATE
     
 (in millions)
         
RS Cogen Senior Project Debt
 
 
 
 
 
 
 
Bank Portion(a) 
 
 $31
 $36
 $40
 
 10/17/18
 
 LIBOR + 1.625%
Institutional Portion
 
 $38
 $38
 $38
 
 10/15/22
 
 Fixed 8.73%
RS Cogen Subordinated Debt(b)
 $18
 $16
 $16
 
 10/17/17
 
 LIBOR + 4.50%
 (a) RS Cogen spread on bank portion increases over time from 1.375% to 2.375%.
       
(b) Debt outstanding includes Entergy's portion of accrued but unpaid interest on Entergy's portion of the RS Cogen subordinated debt since the project went into default
      on the subordinated credit facility in 2008
           
                 
                 
                 
       SHARES OUTSTANDING           
PREFERRED STOCK:
    AS OF DECEMBER 31,    AS OF DECEMBER 31,
   
 RATE
2013
2012
2011
2013
2012
2011
             
 (in millions)
 
Without Sinking Fund:
 
           
   Entergy Asset Management
8.95%(a)
-
-
-
-
-
-
       Authorized 1,000,000 shares, $1 par value, cumulative
           
   Entergy Finance Holding, Inc.
8.75%(b)
                    250,000
                     -
             -
 $              24.2
                          -
                          -
       Authorized 250,000 shares, $100 par value, cumulative
         
Total without sinking fund
 
                    250,000
                     -
             -
 $              24.2
 $   -
                          -
 (a) Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares. On
       December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding
       Class B preferred shares. On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held
       by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
       
 (b) Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
     
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 EWC, including investments in wind generation accounted for under the equity method of accounting; in November 2013, R.E. Ritchie Unit 2 (gas/oil) plant was retired (544 MWs)
Average realized revenue per MWh
As-reported revenue per MWh billed, excluding revenue from the amortization of the Palisades below-market PPA and/or investments in wind generation accounted for under the equity method of accounting
Non-fuel O&M per MWh
Operation, maintenance and refueling expenses per MWh billed, excluding fuel, fuel-related expenses and
 purchased power, special items and investments in wind generation accounted for under the equity method of accounting
Production cost per MWh
Fuel and non-fuel O&M expenses according to accounting standards that directly relate to the production of
 electricity per MWh (based on net generation)
GWh billed
Total number of GWh billed to customers, excluding investments in wind generation accounted for under
 the equity method of accounting and financially-settled instruments
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 days
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 or Subsidiary (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 and commercial paper and capital leases on the balance sheet
Debt of joint ventures - Entergy’s share
Debt issued by business joint ventures at EWC
Leases - Entergy’s share
Operating leases held by subsidiaries capitalized at implicit interest rate
Debt to capital ratio
Total debt divided by total capitalization
Securitization debt
Debt associated with securitization 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 rata share of the debt
 
 was approximately 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
Gross liquidity
Sum of cash and revolver capacity
Debt to capital ratio, excluding securitization debt
Total debt divided by total capitalization, excluding securitization debt
Net debt to net capital ratio, excluding securitization debt
Total debt less cash and cash equivalents divided by total capitalization less cash and
 
 cash equivalents, excluding securitization debt
Net debt to net capital ratio, including off-balance sheet liabilities, excluding securitization debt
Sum of total 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
                   
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Net Income (A)
      712       847       1,346       1,250       1,231  
Preferred dividends
      19       22       21       20       20  
Tax-effected interest expense
      371       350       316       354       351  
As-Reported Net Income including preferred
                                         
dividends and tax-effected interest expense (B)
      1,102       1,219       1,683       1,624       1,602  
Special items (C)
      (245 )     (262 )     (13 )     (82 )     (71 )
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      1,347       1,481       1,696       1,706       1,673  
Operational earnings (A-C)
      957       1,109       1,359       1,332       1,302  
Average invested capital (D)
      23,283       22,290       21,126       20,781       20,748  
Average common equity (E)
      9,415       9,079       8,729       8,555       8,290  
Gross debt (F)
      13,678       13,473       12,387       11,816       12,014  
Less securitization debt (G)
      883       973       1,071       931       838  
Gross debt, excluding securitization debt (F-G)
      12,795       12,500       11,316       10,885       11,176  
Less cash and cash equivalents (H)
      739       533       694       1,294       1,710  
Net debt, excluding securitization debt (F-G-H)
      12,056       11,967       10,622       9,591       9,466  
Total capitalization (I)
      23,615       22,951       21,629       20,623       20,939  
Less securitization debt (J)
      883       973       1,071       931       838  
Total capitalization, excluding securitization debt (I-J)
      22,732       21,978       20,558       19,692       20,101  
Less cash and cash equivalents (K)
      739       533       694       1,294       1,710  
Net capitalization, excluding securitization debt (I-J-K)
      21,993       21,445       19,864       18,398       18,391  
Off-balance sheet liabilities (L)
      542       595       602       653       646  
Revolver capacity (M)
      3,977       3,462       2,001       2,354       1,464  
Gross liquidity (H+M)
      4,716       3,995       2,695       3,648       3,174  
($ per share)
                                         
As-Reported earnings per share (N)
      3.99       4.76       7.55       6.66       6.30  
Operational earnings per share (O)
      5.36       6.23       7.62       7.10       6.67  
Common dividend paid per share (P)
      3.32       3.32       3.32       3.24       3.00  
Year-end closing market price per share of common stock (Q)
      63.27       63.75       73.05       70.83       81.84  
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      4.7       5.5       8.0       7.8       7.7  
Return on average invested capital – Operational ((B-C)/D)
      5.8       6.6       8.0       8.2       8.1  
Return on average common equity – As-Reported (A/E)
      7.6       9.3       15.4       14.6       14.9  
Return on average common equity – Operational ((A-C)/E)
      10.2       12.2       15.6       15.6       15.7  
Debt to capital ratio (F/I)
      57.9       58.7       57.3       57.3       57.4  
Debt to capital ratio, excluding securitization debt ((F-G)/(I-J))
      56.3       56.9       55.0       55.3       55.6  
Net debt to net capital ratio, excluding securitization debt ((F-G-H)/(I-J-K))
      54.8       55.8       53.5       52.1       51.5  
Net debt to net capital ratio including off-balance sheet liabilities,
                                         
excluding securitization debt ((F-G-H+L)/(I-J-K+L))
      55.9       57.0       54.8       53.8       53.1  
Common dividend payout ratio – As-Reported (P/N)
      83       70       44       49       48  
Common dividend payout ratio – Operational (P/O)
      62       53       44       46       45  
Price to earnings ratio – As-Reported (Q/N)
      15.87       13.39       9.68       10.64       12.99  
Price to earnings ratio – Operational (Q/O)
      11.80       10.23       9.59       9.98       12.27  
Calculations may differ due to rounding.
                                         
                                             
                                             


 
 

 

REG G RECONCILIATIONS
                                                 
                                                   
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
                         
 1Q12-4Q13                                                  
                                                     
($ millions)
      1Q13       2Q13       3Q13       4Q13       1Q12       2Q12       3Q12       4Q12  
For the quarter:
                                                                 
As-Reported Net Income (A)
      161.4       163.7       239.9       146.9       (151.7 )     365.0       337.1       296.3  
Less special items (B)
      (6.3 )     (16.0 )     (190.5 )     (32.4 )     (230.7 )     (9.6 )     (10.7 )     (10.7 )
Operational earnings (A-B)
      167.7       179.7       430.4       179.3       79.0       374.6       347.8       307.1  
                                                                     
As-Reported Net Income rolling 12 months (C)
      1,160       958       861       712       946       996       705       847  
Preferred dividends
      22       21       20       19       21       21       22       22  
Tax-effected interest expense
      356       363       365       371       322       329       342       350  
As-Reported Net Income,
                                                                 
rolling 12 months including
                                                                 
preferred dividends and tax-effected
                                                                 
interest expense (D)
      1,538       1,342       1,246       1,102       1,289       1,346       1,069       1,219  
                                                                     
Special items in prior quarters
      (31.0 )     (27.7 )     (33.0 )     (212.8 )     (13 )     (244 )     (253 )     (251 )
                                                                     
Special items in current quarter
                                                                 
HCM implementation expenses
      -       (3.8 )     (7.3 )     (26.1 )     -       -       -       -  
Transmission business spin-merge expenses
      (6.3 )     (12.2 )     (10.1 )     25.5       (5.8 )     (9.9 )     (10.7 )     (10.7 )
VY asset impairments/related charges
      -       -       (173.1 )     (31.8 )     (224 )     -       -       -  
Total special items (E)
      (37.3 )     (43.7 )     (223.5 )     (245.2 )     (243 )     (254 )     (264 )     (262 )
                                                                     
Operational earnings,
                                                                 
rolling 12 months including
                                                                 
preferred dividends and tax-effected
                                                                 
interest expense (D-E)
      1,574       1,386       1,470       1,347       1,532       1,600       1,333       1,481  
Operational earnings, rolling 12 months (C-E)
      1,196       1,002       1,085       957       1,189       1,250       969       1,109  
Average invested capital (F)
      22,389       22,573       22,857       23,283       21,339       21,556       22,065       22,290  
Average common equity (G)
      9,064       9,152       9,299       9,415       8,725       8,814       9,078       9,079  
                                                                     
Gross debt (H)
      13,471       13,747       13,623       13,678       12,619       12,533       12,931       13,473  
Less securitization debt (I)
      952       927       910       883       1,049       1,020       1,003       973  
Gross debt, excluding securitization debt (H-I)
      12,519       12,820       12,713       12,795       11,570       11,513       11,928       12,500  
Less cash and cash equivalents (J)
      263       311       365       739       685       283       750       533  
Net debt, excluding securitization debt (H-I-J)
      12,256       12,509       12,348       12,056       10,885       11,230       11,178       11,967  
                                                                     
Total capitalization (K)
      22,965       23,302       23,312       23,615       21,813       21,844       22,402       22,951  
Less securitization debt (L)
      952       927       910       883       1,049       1,020       1,003       973  
Total capitalization, excluding securitization debt (K-L)
      22,013       22,375       22,402       22,732       20,764       20,824       21,399       21,978  
Less cash and cash equivalents (M)
      263       311       365       739       685       283       750       533  
Net capitalization, excluding securitization debt (K-L-M)
      21,750       22,064       22,037       21,993       20,079       20,541       20,649       21,445  
                                                                     
Off-balance sheet liabilities (N)
      595       594       592       542       601       600       599       595  
Revolver capacity (O)
      3,542       3,819       4,129       3,977       2,825       2,762       2,917       3,462  
Gross liquidity (J+O)
      3,805       4,130       4,494       4,716       3,510       3,045       3,667       3,995  
                                                                     
                                                                     
(%)
                                                                 
Return on average invested capital – As-Reported (D/F)
      6.9       5.9       5.5       4.7       6.0       6.2       4.8       5.5  
Return on average invested capital – Operational ((D-E)/F)
      7.0       6.1       6.4       5.8       7.2       7.4       6.0       6.6  
Return on average common equity – As-Reported (C/G)
      12.8       10.5       9.3       7.6       10.8       11.3       7.8       9.3  
Return on average common equity – Operational ((C-E)/G)
      13.2       10.9       11.7       10.2       13.6       14.2       10.7       12.2  
Debt to capital ratio (H/K)
      58.7       59.0       58.4       57.9       57.9       57.4       57.7       58.7  
Debt to capital ratio, excluding securitization debt ((H-I)/(K-L))
      56.9       57.3       56.7       56.3       55.7       55.3       55.7       56.9  
Net debt to net capital ratio,
 excluding securitization debt ((H-I-J)/(K-L-M))
      56.3       56.7       56.0       54.8       54.2       54.7       54.1       55.8  
Net debt to net capital ratio including off-balance
                                                                 
sheet liabilities, excluding securitization debt
 ((H-I-J+N)/(K-L-M+N))
      57.5       57.8       57.2       55.9       55.5       56.0       55.4       57.0  
Calculations may differ due to rounding.
                                                                 
                                                                     
                                                                     
                                                                     

 
 

 

REG G RECONCILIATIONS
                               
                                 
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
                   
 2009-2013    
 
   
 
                   
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Net Income (A)
      828.9       943.0       1,106.5       812.4       691.6  
Preferred dividends
      17.3       17.3       17.3       17.3       17.3  
Tax-effected interest expense
      313.1       293.1       280.4       303.4       284.3  
As-Reported Net Income including preferred
                                         
dividends and tax-effected interest expense (B)
      1,159.3       1,253.4       1,404.2       1,133.2       993.3  
                                             
Utility special items
                                         
Transmission business spin-merge expenses
      (8.7 )     (37.1 )     -       -       -  
HCM implementation expenses
      (20.3 )     -       -       -       -  
Total special items (C)
      (29.0 )     (37.1 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      1,188.3       1,290.6       1,404.2       1,133.2       993.3  
Operational earnings (A-C)
      857.8       980.1       1,106.5       812.4       691.6  
Average invested capital (D)
      19,488       18,154       16,877       16,412       15,580  
Average common equity (E)
      8,599       7,991       7,462       7,109       6,828  
                                             
Gross debt (F)
      10,784       10,433       9,332       8,937       9,107  
Less securitization debt (G)
      883       974       1,071       931       838  
Gross debt, excluding securitization debt (F-G)
      9,901       9,459       8,262       8,006       8,269  
Less cash and cash equivalents (H)
      551       380       360       822       1,239  
Net debt, excluding securitization debt (F-G-H)
      9,350       9,079       7,902       7,185       7,030  
                                             
Total capitalization (I)
      19,967       19,010       17,298       16,457       16,367  
Less securitization debt (J)
      883       974       1,071       931       838  
Total capitalization, excluding securitization debt (I-J)
      19,084       18,036       16,227       15,526       15,529  
Less cash and cash equivalents (K)
      551       380       360       822       1,239  
Net capitalization, excluding securitization debt (I-J-K)
      18,533       17,656       15,867       14,704       14,290  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      5.9       6.9       8.3       6.9       6.4  
Return on average invested capital – Operational ((B-C)/D)
      6.1       7.1       8.3       6.9       6.4  
Return on average common equity – As-Reported (A/E)
      9.6       11.8       14.8       11.4       10.1  
Return on average common equity – Operational ((A-C)/E)
      10.0       12.3       14.8       11.4       10.1  
Debt to capital ratio (F/I)
      54.0       54.9       54.0       54.3       55.6  
Debt to capital ratio, excluding securitization debt ((F-G)/(I-J))
      51.9       52.4       50.9       51.6       53.2  
Net debt to net capital ratio, excluding securitization debt ((F-G-H)/(I-J-K))
      50.5       51.4       49.8       48.9       49.2  
Calculations may differ due to rounding.
                                         
                                             
                                             
                                             

 
 

 

REG G RECONCILIATIONS
                                                 
                                                   
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
                               
 1Q12-4Q13                                                  
                                                     
($ millions)
      1Q13       2Q13       3Q13       4Q13       1Q12       2Q12       3Q12       4Q12  
As-Reported Net Income (A)
      123.5       196.2       348.0       161.2       62.9       304.2       296.2       279.8  
Less special items (B)
      (6.3 )     (14.9 )     (15.3 )     7.5       (6 )     (10 )     (11 )     (11 )
Operational earnings (A-B)
      129.8       211.1       363.3       153.7       68.7       314.1       306.9       290.5  
                                                                     
As-Reported Net Income-rolling 12 months (C)
      1,003.6       895.7       947.4       828.9       1,005.1       1,060.9       832.9       943.0  
Preferred dividends
      17.3       17.3       17.3       17.3       17.3       17.3       17.3       17.3  
Tax-effected interest expense
      297.2       303.4       306.6       313.1       283.8       285.3       291.2       293.1  
As-Reported Net Income, rolling 12 months including preferred
                                                         
dividends and tax-effected interest expense (D)
      1,318.1       1,216.4       1,271.3       1,159.3       1,306.2       1,363.5       1,141.4       1,253.4  
                                                                     
Special items in prior quarters
      (31.3 )     (27.7 )     (31.9 )     (36.5 )     -       (5.8 )     (15.7 )     (26.4 )
Special items in current quarter
      (6.3 )     (14.9 )     (15.3 )     7.5       (5.8 )     (9.9 )     (10.7 )     (10.7 )
Total special items (E)
      (37.6 )     (42.6 )     (47.2 )     (29.0 )     (5.8 )     (15.7 )     (26.4 )     (37.1 )
                                                                     
Operational earnings, rolling 12 months including preferred
                                                                 
dividends and tax-effected interest expense (D-E)
      1,355.7       1,259.0       1,318.5       1,188.3       1,312.0       1,379.2       1,167.8       1,290.6  
Operational earnings, rolling 12 months (C-E)
      1,041.2       938.3       994.6       857.8       1,010.9       1,076.6       859.3       980.1  
Average invested capital (F)
      18,200       18,684       19,048       19,488       17,092       17,340       17,845       18,154  
Average common equity (G)
      7,955       8,189       8,426       8,599       7,486       7,692       7,930       7,991  
                                                                     
Gross debt (H)
      10,409       10,999       10,847       10,784       9,520       9,429       9,837       10,433  
Less securitization debt (I)
      952       927       910       883       1,049       1,020       1,003       974  
Gross debt, excluding securitization debt (H-I)
      9,457       10,072       9,937       9,901       8,472       8,409       8,834       9,459  
Less cash and cash equivalents (J)
      98       169       235       551       416       173       545       380  
Net debt, excluding securitization debt (H-I-J)
      9,359       9,903       9,702       9,350       8,056       8,236       8,290       9,079  
                                                                     
Total capitalization (K)
      18,900       19,691       19,770       19,967       17,499       17,677       18,326       19,010  
Less securitization debt (L)
      952       927       910       883       1,049       1,020       1,003       974  
Total capitalization, excluding securitization debt (K-L)
      17,948       18,764       18,860       19,084       16,450       16,657       17,323       18,036  
Less cash and cash equivalents (M)
      98       169       235       551       416       173       545       380  
Net capitalization, excluding securitization debt (K-L-M)
      17,850       18,595       18,625       18,533       16,035       16,483       16,779       17,656  
                                                                     
(%)
                                                                 
Return on average invested capital –
                                                                 
As-Reported (D/F)
      7.2       6.5       6.7       5.9       7.6       7.9       6.4       6.9  
Return on average invested capital –
                                                                 
Operational ((D-E)/F)
      7.4       6.7       6.9       6.1       7.7       8.0       6.5       7.1  
Return on average common equity –
                                                                 
As-Reported (C/G)
      12.6       10.9       11.2       9.6       13.4       13.8       10.5       11.8  
Return on average common equity –
                                                                 
Operational ((C-E)/G)
      13.1       11.5       11.8       10.0       13.5       14.0       10.8       12.3  
Debt to capital ratio (H/K)
      55.1       55.9       54.9       54.0       54.4       53.3       53.7       54.9  
Debt to capital ratio, excluding securitization debt ((H-I)/(K-L))
      52.7       53.7       52.7       51.9       51.5       50.5       51.0       52.4  
Net debt to net capital ratio, excluding securitization debt
 ((H-I-J)/(K-L-M))
      52.4       53.3       52.1       50.5       50.2       50.0       49.4       51.4  
Calculations may differ due to rounding.
                                                         
                                                                     
                                                                     


 
 

 

REG G RECONCILIATIONS
                               
                                 
ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
             
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Earnings (A)
      155.1       145.5       158.0       165.7       60.0  
Preferred dividends
      6.9       6.9       6.9       6.9       6.9  
Tax-effected interest expense
      54.3       49.5       49.7       54.9       54.9  
As-Reported Earnings including preferred
                                         
dividends and tax-effected interest expense (B)
      216.3       201.9       214.6       227.6       121.8  
                                             
Special items
                                         
Transmission business spin-merge expenses
      (0.4 )     (13.0 )     -       -       -  
HCM implementation expenses
      (2.4 )     -       -       -       -  
Total special items (C)
      (2.8 )     (13.0 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      219.1       214.9       214.6       227.6       121.8  
Operational earnings (A-C)
      157.9       158.5       158.0       165.7       60.0  
Average invested capital (D)
      4,050       3,665       3,460       3,385       3,291  
Average invested capital, excluding securitization (E)
      3,955       3,557       3,341       3,323       3,291  
Average common equity (F)
      1,650       1,512       1,424       1,408       1,406  
                                             
Gross debt (G)
      2,407       2,162       1,911       1,928       1,793  
Less securitization debt (H)
      89       102       114       124       -  
Gross debt, excluding securitization debt (G-H)
      2,318       2,060       1,797       1,804       1,793  
Less cash and cash equivalents (I)
      127       35       23       106       86  
Net debt, excluding securitization debt (G-H-I)
      2,191       2,026       1,775       1,698       1,707  
                                             
Total capitalization (J)
      4,243       3,858       3,472       3,448       3,321  
Less securitization debt (K)
      89       102       114       124       -  
Total capitalization, excluding securitization debt (J-K)
      4,154       3,756       3,358       3,324       3,321  
Less cash and cash equivalents (L)
      127       35       23       106       86  
Net capitalization, excluding securitization debt (J-K-L)
      4,027       3,722       3,335       3,218       3,235  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      5.3       5.5       6.2       6.7       3.7  
Return on average invested capital – Operational ((B-C)/E)
      5.5       6.0       6.4       6.8       3.7  
Return on average common equity – As-Reported (A/F)
      9.4       9.6       11.1       11.8       4.3  
Return on average common equity – Operational ((A-C)/F)
      9.6       10.5       11.1       11.8       4.3  
Debt to capital ratio (G/J)
      56.7       56.0       55.0       55.9       54.0  
Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
      55.8       54.8       53.5       54.3       54.0  
Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
      54.4       54.4       53.2       52.8       52.8  
Calculations may differ due to rounding.
                                         
                                             
                                             


 
 

 

REG G RECONCILIATIONS
                               
                                 
ENTERGY GULF STATES LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
       
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Earnings (A)
      160.8       158.2       200.8       173.5       152.5  
Preferred dividends
      0.8       0.8       0.8       0.8       0.8  
Tax-effected interest expense
      48.2       49.2       49.7       60.2       70.7  
As-Reported Earnings including preferred
                                         
dividends and tax-effected interest expense (B)
      209.8       208.2       251.3       234.6       224.0  
                                             
Special items
                                         
Transmission business spin-merge expenses
      (2.8 )     (4.6 )     -       -       -  
HCM implementation expenses
      (2.5 )     -       -       -       -  
Total special items (C)
      (5.2 )     (4.6 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      215.0       212.8       251.3       234.6       224.0  
Operational earnings (A-C)
      166.0       162.8       200.8       173.5       152.5  
Average invested capital (D)
      2,944       2,888       2,962       3,122       3,344  
Average invested capital, excluding assumption debt (E)
      2,944       2,888       2,962       3,039       2,875  
Average common equity (F)
      1,412       1,348       1,389       1,429       1,348  
                                             
Gross debt (G)
      1,528       1,517       1,542       1,584       1,783  
Less assumption debt (H)
      -       -       -       -       168  
Gross debt, excluding assumption debt (G-H)
      1,528       1,517       1,542       1,584       1,615  
Less cash and cash equivalents (I)
      16       36       25       155       144  
Net debt, excluding assumption debt (G-H-I)
      1,512       1,482       1,517       1,429       1,471  
                                             
Total capitalization (J)
      2,988       2,900       2,876       3,049       3,196  
Less assumption debt (K)
      -       -       -       -       168  
Total capitalization, excluding assumption debt (J-K)
      2,988       2,900       2,876       3,049       3,028  
Less cash and cash equivalents (L)
      16       36       25       155       144  
Net capitalization, excluding assumption debt (J-K-L)
      2,972       2,865       2,851       2,893       2,884  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      7.1       7.2       8.5       7.5       6.7  
Return on average invested capital – Operational ((B-C)/E)
      7.3       7.4       8.5       7.7       7.8  
Return on average common equity – As-Reported (A/F)
      11.4       11.7       14.5       12.1       11.3  
Return on average common equity – Operational ((A-C)/F)
      11.8       12.1       14.5       12.1       11.3  
Debt to capital ratio (G/J)
      51.1       52.3       53.6       52.0       55.8  
Debt to capital ratio, excluding assumption debt ((G-H)/(J-K))
      51.1       52.3       53.6       52.0       53.3  
Net debt to net capital ratio, excluding assumption debt ((G-H-I)/(J-K-L))
      50.9       51.7       53.2       49.4       51.0  
                                             
ENTERGY TEXAS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
                         
 2009-2013                                          
                                             
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Net Income (A)
      57.9       42.0       80.8       66.2       63.8  
Preferred dividends
      -       -       -       -       -  
Tax-effected interest expense
      54.7       57.2       56.0       56.5       63.9  
As-Reported Net Income including preferred
                                         
dividends and tax-effected interest expense (B)
      112.6       99.2       136.8       122.7       127.7  
                                             
Special items
                                         
Transmission business spin-merge expenses
      (3.2 )     (4.6 )     -       -       -  
HCM implementation expenses
      (5.6 )     -       -       -       -  
Total special items (C)
      (8.8 )     (4.6 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      121.4       103.8       136.8       122.7       127.7  
Operational earnings (A-C)
      66.7       46.6       80.8       66.2       63.8  
Average invested capital (D)
      2,458       2,524       2,530       2,493       2,374  
Average invested capital, excluding securitization debt (E)
      1,798       1,804       1,752       1,670       1,799  
Average common equity (F)
      871       877       862       834       872  
                                             
Gross debt (G)
      1,557       1,618       1,677       1,659       1,658  
Less securitization debt (H)
      629       690       750       807       838  
Gross debt, excluding securitization debt (G-H)
      928       928       927       852       820  
Less cash and cash equivalents (I)
      47       60       65       35       201  
Net debt, excluding securitization debt (G-H-I)
      881       867       862       817       619  
                                             
Total capitalization (J)
      2,444       2,472       2,576       2,484       2,503  
Less securitization debt (K)
      629       690       750       807       838  
Total capitalization, excluding securitization debt (J-K)
      1,815       1,782       1,827       1,676       1,664  
Less cash and cash equivalents (L)
      47       60       65       35       201  
Net capitalization, excluding securitization debt (J-K-L)
      1,768       1,722       1,762       1,641       1,463  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      4.6       3.9       5.4       4.9       5.4  
Return on average invested capital – Operational ((B-C)/E)
      6.8       5.5       7.8       7.3       7.1  
Return on average common equity – As-Reported (A/F)
      6.6       4.8       9.4       7.9       7.3  
Return on average common equity – Operational ((A-C)/F)
      7.7       5.3       9.4       7.9       7.3  
Debt to capital ratio (G/J)
      63.7       65.4       65.1       66.8       66.3  
Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
      51.1       52.2       50.8       50.8       49.3  
Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
      49.8       50.4       48.9       49.8       42.3  
Calculations may differ due to rounding.
                                         
                                             


 
 

 

REG G RECONCILIATIONS
                               
                                 
                                 
ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
             
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Earnings (A)
      245.5       274.1       467.0       224.5       225.9  
Preferred dividends
      7.0       7.0       7.0       7.0       7.0  
Tax-effected interest expense
      86.4       72.9       61.2       62.5       52.7  
As-Reported Earnings including preferred
                                         
dividends and tax-effected interest expense (B)
      338.9       354.0       535.2       294.0       285.6  
                                             
Special items
                                         
Transmission business spin-merge expenses
      (1.2 )     (6.6 )     -       -       -  
HCM implementation expenses
      (2.6 )     -       -       -       -  
Total special items (C)
      (3.8 )     (6.6 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      342.7       360.6       535.2       294.0       285.6  
Operational earnings (A-C)
      249.3       280.7       467.0       224.5       225.9  
Average invested capital (D)
      6,075       5,406       4,414       3,890       3,491  
Average invested capital, excluding securitization (E)
      5,901       5,212       4,311       3,890       3,491  
Average members’ equity (F)
      2,923       2,718       2,251       1,924       1,710  
                                             
Gross debt (G)
      3,222       2,881       2,297       1,830       1,902  
Less securitization debt (H)
      165       182       207       -       -  
Gross debt, excluding securitization debt (G-H)
      3,058       2,699       2,090       1,830       1,902  
Less cash and cash equivalents (I)
      124       30       1       123       152  
Net debt, excluding securitization debt (G-H-I)
      2,934       2,669       2,089       1,707       1,750  
                                             
Total capitalization (J)
      6,198       5,951       4,862       3,967       3,813  
Less securitization debt (K)
      165       182       207       -       -  
Total capitalization, excluding securitization debt (J-K)
      6,033       5,770       4,655       3,967       3,813  
Less cash and cash equivalents (L)
      124       30       1       123       152  
Net capitalization, excluding securitization debt (J-K-L)
      5,909       5,740       4,654       3,844       3,662  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      5.6       6.5       12.1       7.6       8.2  
Return on average invested capital – Operational ((B-C)/E)
      5.8       6.9       12.4       7.6       8.2  
Return on average members’ equity – As-Reported (A/F)
      8.4       10.1       20.7       11.7       13.2  
Return on average members’ equity – Operational ((A-C)/F)
      8.5       10.3       20.7       11.7       13.2  
Debt to capital ratio (G/J)
      52.0       48.4       47.2       46.1       49.9  
Debt to capital ratio, excluding securitization debt ((G-H)/(J-K))
      50.7       46.8       44.9       46.1       49.9  
Net debt to net capital ratio, excluding securitization debt ((G-H-I)/(J-K-L))
      49.6       46.5       44.9       44.4       47.8  
Calculations may differ due to rounding.
                                         
                                             
                                             
                                             


 
 

 

REG G RECONCILIATIONS
                               
                                 
ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
       
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Earnings (A)
      79.3       43.9       105.9       82.5       76.5  
Preferred dividends
      2.8       2.8       2.8       2.8       2.8  
Tax-effected interest expense
      35.4       34.0       29.5       32.1       30.5  
As-Reported Earnings including preferred
                                         
dividends and tax-effected interest expense (B)
      117.5       80.8       138.3       117.4       109.9  
                                             
Special items
                                         
Transmission business spin-merge expenses
      (0.9 )     (7.5 )     -       -       -  
HCM implementation expenses
      (4.5 )     -       -       -       -  
Total special items (C)
      (5.4 )     (7.5 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      122.9       88.3       138.3       117.4       109.9  
Operational earnings (A-C)
      84.7       51.4       105.9       82.5       76.5  
Average invested capital (D)
      2,084       1,963       1,720       1,609       1,509  
Average common equity (E)
      916       858       784       714       681  
                                             
Gross debt (F)
      1,059       1,178       931       839       852  
Less cash and cash equivalents (G)
      -       53       -       1       91  
Net debt (F-G)
      1,059       1,125       931       837       760  
                                             
Total capitalization (H)
      2,061       2,108       1,817       1,622       1,596  
Less cash and cash equivalents (I)
      -       53       -       1       91  
Net capitalization (H-I)
      2,061       2,055       1,817       1,621       1,505  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      5.6       4.1       8.0       7.3       7.3  
Return on average invested capital – Operational ((B-C)/D)
      5.9       4.5       8.0       7.3       7.3  
Return on average common equity – As-Reported (A/E)
      8.7       5.1       13.5       11.6       11.2  
Return on average common equity – Operational ((A-C)/E)
      9.3       6.0       13.5       11.6       11.2  
Debt to capital ratio (F/H)
      51.4       55.9       51.2       51.7       53.4  
Net debt to net capital ratio ((F-G)/(H-I))
      51.4       54.7       51.2       51.7       50.5  
                                             
ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
         
 2009-2013                                          
                                             
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Earnings (A)
      10.7       16.1       35.0       30.1       29.5  
Preferred dividends
      1.0       0.9       1.0       1.0       1.0  
Tax-effected interest expense
      8.1       6.8       6.7       7.9       10.4  
As-Reported Earnings including preferred
                                         
dividends and tax-effected interest expense (B)
      19.8       23.8       42.7       39.0       40.9  
                                             
Special items
                                         
Transmission business spin-merge expenses
      (0.1 )     (0.9 )     -       -       -  
HCM implementation expenses
      (2.7 )     -       -       -       -  
Total special items (C)
      (2.9 )     (0.9 )     -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      22.5       24.7       42.7       39.0       40.9  
Operational earnings (A-C)
      13.6       17.0       35.0       30.1       29.5  
Average invested capital (D)
      432       390       371       436       499  
Average common equity (E)
      201       188       185       197       207  
                                             
Gross debt (F)
      226       196       167       167       272  
Less cash and cash equivalents (G)
      34       9       10       55       191  
Net debt (F-G)
      192       187       157       112       81  
                                             
Total capitalization (H)
      452       412       367       375       497  
Less cash and cash equivalents (I)
      34       9       10       55       191  
Net capitalization (H-I)
      418       402       358       320       306  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      4.6       6.1       11.5       8.9       8.2  
Return on average invested capital – Operational ((B-C)/D)
      5.2       6.3       11.5       8.9       8.2  
Return on average common equity – As-Reported (A/E)
      5.3       8.5       19.0       15.3       14.3  
Return on average common equity – Operational ((A-C)/E)
      6.8       9.0       19.0       15.3       14.3  
Debt to capital ratio (F/H)
      50.0       47.7       45.3       44.6       54.8  
Net debt to net capital ratio ((F-G)/(H-I))
      46.0       46.5       43.8       35.1       26.5  
Calculations may differ due to rounding.
                                         
                                             
                                             


 
 

 

REG G RECONCILIATIONS
                               
                                 
SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
       
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Net Income (A)
      113.7       111.9       64.2       82.6       48.9  
Preferred dividends
      -       -       -       -       -  
Tax-effected interest expense
      23.0       23.4       25.5       29.9       26.7  
As-Reported Net Income including preferred
                                         
dividends and tax-effected interest expense (B)
      136.7       135.3       89.7       112.5       75.6  
                                             
Special items
                                         
Transmission business spin-merge expenses
      -       -       -       -       -  
HCM implementation expenses
      -       -       -       -       -  
Total special items (C)
      -       -       -       -       -  
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      136.7       135.3       89.7       112.5       75.6  
Operational earnings (A-C)
      113.7       111.9       64.2       82.6       48.9  
Average invested capital (D)
      1,645       1,602       1,614       1,666       1,703  
Average common equity (E)
      854       817       806       821       843  
                                             
Gross debt (F)
      757       824       747       869       820  
Less cash and cash equivalents (G)
      127       84       185       264       264  
Net debt (F-G)
      630       740       562       605       556  
                                             
Total capitalization (H)
      1,634       1,657       1,548       1,681       1,650  
Less cash and cash equivalents (I)
      127       84       185       264       264  
Net capitalization (H-I)
      1,507       1,573       1,362       1,417       1,386  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      8.3       8.4       5.6       6.8       4.4  
Return on average invested capital – Operational ((B-C)/D)
      8.3       8.4       5.6       6.8       4.4  
Return on average common equity – As-Reported (A/E)
      13.3       13.7       8.0       10.1       5.8  
Return on average common equity – Operational ((A-C)/E)
      13.3       13.7       8.0       10.1       5.8  
Debt to capital ratio (F/H)
      46.4       49.7       48.3       51.7       49.7  
Net debt to net capital ratio ((F-G)/(H-I))
      41.8       47.1       41.2       42.7       40.1  
                                             
ENTERGY WHOLESALE COMMODITIES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
 
 2009-2013                                          
($ millions)
      2013       2012       2011       2010       2009  
As-Reported Net Income (A)
      42.9       40.4       488.6       447.4       606.7  
Preferred dividends
      0.1       -       3.3       2.7       2.6  
Tax-effected interest expense
      10.0       11.0       20.3       63.2       72.0  
As-Reported Net Income including preferred
                                         
dividends and tax-effected interest expense (B)
      53.0       51.4       512.2       513.3       681.3  
                                             
Special items
                                         
VY asset impairments/related charges
      (204.8 )     (223.5 )     -       -       -  
HCM implementation expenses
      (15.0 )     -       -       -       -  
Non-utility nuclear spin-off expenses
      -       -       -       (100.7 )     (44.0 )
Total special items (C)
      (219.8 )     (223.5 )     -       (100.7 )     (44.0 )
                                             
Operational earnings including preferred
                                         
dividends and tax-effected interest expense (B-C)
      272.8       274.9       512.2       614.0       725.3  
Operational earnings (A-C)
      262.7       263.9       488.6       548.1       650.7  
Average invested capital (D)
      5,145       5,513       5,627       5,378       4,956  
Average common equity (E)
      4,978       5,328       5,029       4,252       3,589  
                                             
Gross debt (F)
      199       111       204       851       1,228  
Less cash and cash equivalents (G)
      176       141       323       454       453  
Net debt (F-G)
      23       (30 )     (119 )     397       775  
                                             
Total capitalization (H)
      4,948       5,341       5,685       5,569       5,187  
Less cash and cash equivalents (I)
      176       141       323       454       453  
Net capitalization (H-I)
      4,772       5,201       5,362       5,115       4,734  
                                             
(%)
                                         
Return on average invested capital – As-Reported (B/D)
      1.0       0.9       9.1       9.5       13.7  
Return on average invested capital – Operational ((B-C)/D)
      5.3       5.0       9.1       11.4       14.6  
Return on average common equity – As-Reported (A/E)
      0.9       0.8       9.7       10.5       16.9  
Return on average common equity – Operational ((A-C)/E)
      5.3       5.0       9.7       12.9       18.1  
Debt to capital ratio (F/H)
      4.0       2.1       3.6       15.3       23.7  
Net debt to net capital ratio ((F-G)/(H-I))
      0.5       (0.6 )     (2.2 )     7.8       16.4  
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
       
 1Q12-4Q13                                                  
                                                     
($ millions)
      1Q13       2Q13       3Q13       4Q13       1Q12       2Q12       3Q12       4Q12  
For the quarter:
                                                                 
As-Reported Net Income (A)
      82.1       11.5       (92.8 )     42.1       (175.9 )     70.8       86.8       58.8  
Less special items (B)
      -       (1.1 )     (175.2 )     (43.6 )     (223.5 )     -       -       -  
Operational earnings (A-B)
      82.1       12.7       82.3       85.6       47.5       70.8       86.8       58.8  
                                                                     
As-Reported Net Income, rolling 12 months (C)
      298.5       239.3       59.7       42.9       198.9       171.4       136.6       40.4  
Preferred dividends
      -       -       -       0.9       2.6       1.9       1.2       -  
Tax-effected interest expense
      9.1       8.0       8.7       10.0       18.6       16.7       12.7       11.0  
As-Reported Net Income, rolling
                                                                 
12 months including preferred
                                                                 
dividends and tax-effected interest
                                                                 
expense (D)
      307.6       247.3       68.4       53.8       220.1       190.0       150.6       51.4  
                                                                     
Special items in prior quarters
      -       -       (1.1 )     (176.3 )     -       (223.5 )     (223.5 )     (223.5 )
Special items in current quarter
      -       (1.1 )     (175.2 )     (43.6 )     (223.5 )     -       -       -  
Total special items (E)
      -       (1.1 )     (176.3 )     (219.8 )     (223.5 )     (223.5 )     (223.5 )     (223.5 )
                                                                     
Operational earnings, rolling 12 months including
                                                         
preferred dividends and tax-effected interest
                                                         
expense (D-E)
      307.6       248.4       244.7       273.6       443.6       413.4       374.0       274.9  
Operational earnings, rolling 12 months (C-E)
      298.5       240.4       236.0       262.7       422.4       394.9       360.1       263.9  
Average invested capital (F)
      5,548       5,539       5,456       5,145       5,626       5,603       5,552       5,513  
Average common equity (G)
      5,390       5,415       5,235       4,978       5,155       5,167       5,136       5,328  
                                                                     
Gross debt (H)
      110       111       316       199       207       137       127       111  
Less cash and cash equivalents (I)
      162       140       126       177       260       106       192       141  
Net debt (H-I)
      (52 )     (29 )     191       22       (53 )     31       (65 )     (30 )
                                                                     
Total capitalization (J)
      5,439       5,578       5,536       4,948       5,657       5,499       5,377       5,341  
Less cash and cash equivalents (K)
      162       140       126       177       260       106       192       141  
Net capital (J-K)
      5,277       5,438       5,410       4,771       5,397       5,393       5,184       5,201  
                                                                     
                                                                     
(%)
                                                                 
Return on average invested capital –
                                                                 
As-Reported (D/F)
      5.5       4.5       1.3       1.0       3.9       3.4       2.7       0.9  
Return on average invested capital –
                                                                 
Operational ((D-E)/F)
      5.5       4.5       4.5       5.3       7.9       7.4       6.7       5.0  
Return on average common equity –
                                                                 
As-Reported (C/G)
      5.5       4.4       1.1       0.9       3.9       3.3       2.7       0.8  
Return on average common equity –
                                                                 
Operational ((C-E)/G)
      5.5       4.4       4.5       5.3       8.2       7.6       7.0       5.0  
Debt to capital ratio (H/J)
      2.0       2.0       5.7       4.0       3.7       2.5       2.4       2.1  
Net debt to net capital ratio ((H-I)/(J-K))
      (1.0 )     (0.5 )     3.5       0.5       (1.0 )     0.6       (1.2 )     (0.6 )
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
       
 1Q12-4Q13                                                  
                                                     
($ millions)
      1Q13       2Q13       3Q13       4Q13       1Q12       2Q12       3Q12       4Q12  
Net Income
      82       12       (93 )     42       (176 )     71       87       59  
Add back: interest expense
      3       4       4       5       6       5       3       3  
Add back: income tax expense
      57       (15 )     (107 )     (12 )     (92 )     47       57       50  
Add back: depreciation and amortization
      49       50       55       61       51       48       29       47  
Subtract: interest and investment income
      28       22       21       66       31       27       20       28  
Add back: decommissioning expense
      31       30       32       33       30       (17 )     29       30  
Subtract: other than temporary impairments
      -       -       -       -       -       -       -       -  
Adjusted EBITDA
      194       59       (130 )     63       (212 )     127       185       161  
Add back: special item for HCM
      -       2       3       19       -       -       -       -  
implementation expenses (pre-tax)
                                                                 
Add back: VY asset impairments
      -       -       292       52       356       -       -       -  
/related charges (pre-tax)
                                                                 
Operational adjusted EBITDA
      194       61       165       133       144       127       185       161  
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
 
 2009-2013                                
                                   
($ millions)
      2013       2012       2011       2010       2009  
Net Income
      43       40       492       450       609  
Add back: interest expense
      16       18       33       103       117  
Add back: income tax expense
      (77 )     61       176       248       287  
Add back: depreciation and amortization
      216       176       179       163       152  
Subtract: interest and investment income
      138       105       99       142       168  
Add back: decommissioning expense
      125       72       81       107       99  
Subtract: other than temporary impairments
      -       -       -       (1 )     (86 )
Adjusted EBITDA
      185       262       862       931       1,182  
Add back: special item for HCM
      24       -       -       -       -  
implementation expenses (pre-tax)
                                         
Add back: VY asset impairments
      343       356       -       -       -  
/related charges (pre-tax)
                                         
Add back: Non-utility nuclear spin-off
      -       -       -       117       48  
expenses (pre-tax)
                                         
Operational adjusted EBITDA
      553       618       862       1,048       1,230  
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 2013 and 2012
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
 
2013
2012
or calling Entergy's Investor Relations information line at
QUARTER
 
HIGH
LOW
HIGH
LOW
1-888-ENTERGY (368-3749).
1
 
65.39
61.09
73.66
66.23
 
2
 
72.10
63.12
68.20
62.97
INVESTOR RELATIONS
3
 
72.60
61.66
74.50
67.07
Security analysts, portfolio managers, and other members of the financial
4
 
68.63
60.22
72.98
61.55
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 2014 are:
     E–mail: pwater1@entergy.com
           
 
DECLARATION DATE
 
 RECORD DATE
 PAYMENT DATE
SHAREHOLDER ACCOUNT INFORMATION
January 31
   
February 13
 
March 3
Wells Fargo Shareowner Services is Entergy’s transfer agent,
April 17
   
May 15
 
June 2
registrar, dividend disbursing agent, and dividend reinvestment
July 25
   
August 14
 
September 2
and stock purchase plan agent. Shareholders of record with
October 31
   
November 13
 
December 1
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
 2014
 2013
 2012
 2011
 2010
     St. Paul, MN 55164-0874
1
                 83
             83
                  83
             83
                    75
     Phone: 1-855-854-1360
2
                 83
             83
                  83
             83
                    83
     Internet: www.shareowneronline.com
3
 
             83
                  83
             83
                    83
 
4
 
             83
                  83
             83
                    83
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 2014 and 2015 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.
12/23/13
 
1/2/14
10-K and 10-Q reports filed with the Securities and Exchange
 
   
3/20/14
 
4/1/14
Commission, or for other investor information, call 1-888-ENTERGY
 
   
6/20/14
 
7/1/14
or write to:
 
   
9/22/14
 
10/1/14
     Entergy Corporation
     
12/22/14
 
1/2/15
     Investor Relations
 
   
3/20/15
 
4/1/15
     P.O. Box 61000
 
   
6/22/15
 
7/1/15
     New Orleans, LA 70161
 
   
9/21/15
 
10/1/15
 
 Entergy Gulf States Louisiana, L.L.C.
2/27/14
 
3/17/14
COMMON STOCK INFORMATION
 
   
5/30/14
 
6/16/14
The company’s common stock is listed on the New York and Chicago
 
   
8/29/14
 
9/15/14
exchanges under the symbol “ETR” (CUSIP 29364G10). The Entergy
 
   
11/28/14
 
12/15/14
share price is reported daily in the financial press under “Entergy” in
   
2/27/15
 
3/16/15
most listings of New York Stock Exchange securities. Entergy common
 
   
5/29/15
 
6/15/15
stock is a component of the following indices: S&P 500, S&P Utilities
 
   
8/28/15
 
9/15/15
Index, Philadelphia Utility Index and the NYSE Composite Index,
 
   
11/27/15
 
12/15/15
among others.
 Entergy Louisiana, LLC
 
2/27/14
 
3/17/14
 
 
   
5/30/14
 
6/16/14
As of January 31, 2014, there were 178,563,836 shares of Entergy
 
   
8/29/14
 
9/15/14
common stock outstanding. Shareholders of record totaled
 
   
11/28/14
 
12/15/14
32,163, and approximately 116,000 investors held Entergy stock in
     
2/27/15
 
3/16/15
“street name” through a broker.
 
   
5/29/15
 
6/15/15
 
 
   
8/28/15
 
9/15/15
CERTIFICATIONS
 
   
11/27/15
 
12/15/15
In May 2013, Entergy’s Chief Executive Officer certified to the
 Entergy Mississippi, Inc.
 
1/25/14
 
2/3/14
New York Stock Exchange that he was not aware of any violation
 
   
4/21/14
 
5/1/14
of the NYSE corporate governance listing standards. Also, Entergy
 
   
7/21/14
 
8/1/14
filed certifications regarding the quality of the company’s public
 
   
10/20/14
 
11/3/14
disclosure, required by Section 302 of the Sarbanes-Oxley Act of
     
1/20/15
 
2/2/15
2002, as exhibits to its Report on Form 10-K for the fiscal year ended
 
   
4/20/15
 
5/1/15
December 31, 2013.
 
   
7/20/15
 
8/3/15
 
 
   
10/20/15
 
11/2/15
 
 Entergy New Orleans, Inc.
12/23/13
 
1/2/14
 
 
   
3/20/14
 
4/1/14
 
 
   
6/20/14
 
7/1/14
 
 
   
9/22/14
 
10/1/14
       
12/22/14
 
1/2/15
 
 
   
3/20/15
 
4/1/15
 
 
   
6/22/15
 
7/1/15
 
 
   
9/21/15
 
10/1/15