Equibles

8-K

ENTERGY LOUISIANA, LLC (ELC)

8-K 2023-08-22 For: 2023-08-22
View Original
Added on April 06, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date earliest event reported) August 22, 2023

Commission<br><br>File Number Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No. Commission<br><br>File Number Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.
1-11299 ENTERGY CORPORATION 1-35747 ENTERGY NEW ORLEANS, LLC
(a Delaware corporation)<br><br>639 Loyola Avenue<br><br>New Orleans, Louisiana 70113<br><br>Telephone (504) 576-4000 (a Texas limited liability company)<br><br>1600 Perdido Street<br><br>New Orleans, Louisiana 70112<br><br>Telephone (504) 670-3702
72-1229752 82-2212934
1-10764 ENTERGY ARKANSAS, LLC 1-34360 ENTERGY TEXAS, INC.
(a Texas limited liability company)<br><br>425 West Capitol Avenue<br><br>Little Rock, Arkansas 72201<br><br>Telephone (501) 377-4000 (a Texas corporation)<br><br>2107 Research Forest Drive<br><br>The Woodlands, Texas 77380<br><br>Telephone (409) 981-2000
83-1918668 61-1435798
1-32718 ENTERGY LOUISIANA, LLC 1-09067 SYSTEM ENERGY RESOURCES, INC.
(a Texas limited liability company)<br><br>4809 Jefferson Highway<br><br>Jefferson, Louisiana 70121<br><br>Telephone (504) 576-4000 (an Arkansas corporation)<br><br>1340 Echelon Parkway<br><br>Jackson, Mississippi 39213<br><br>Telephone (601) 368-5000
47-4469646 72-0752777
1-31508 ENTERGY MISSISSIPPI, LLC
(a Texas limited liability company)<br><br>308 East Pearl Street<br><br>Jackson, Mississippi 39201<br><br>Telephone (601) 368-5000
83-1950019

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Registrant Title of Class Trading<br>Symbol Name of Each Exchange<br>on Which Registered
Entergy Corporation Common Stock, $0.01 Par Value ETR New York Stock Exchange
Common Stock, $0.01 Par Value ETR NYSE Chicago, Inc.
Entergy Arkansas, LLC Mortgage Bonds, 4.875% Series due September 2066 EAI New York Stock Exchange
Entergy Louisiana, LLC Mortgage Bonds, 4.875% Series due September 2066 ELC New York Stock Exchange
Entergy Mississippi, LLC Mortgage Bonds, 4.90% Series due October 2066 EMP New York Stock Exchange
Entergy New Orleans, LLC Mortgage Bonds, 5.0% Series due December 2052 ENJ New York Stock Exchange
Mortgage Bonds, 5.50% Series due April 2066 ENO New York Stock Exchange
Entergy Texas, Inc. 5.375% Series A Preferred Stock, Cumulative, No Par Value (Liquidation Value $25 Per Share) ETI/PR New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐

Item 7.01 Regulation FD Disclosure.

On August 22, 2023, Entergy Corporation published on its website the 2022 Entergy Statistical Report and Investor Guide (the “Investor Guide”). The Investor Guide is a compilation of financial and operating data, financial metrics and other information about Entergy and its subsidiaries. The Investor Guide is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Current Report on Form 8-K is being furnished, not filed, pursuant to Regulation FD.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
99.1 2022 Entergy Statistical Report and Investor Guide
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Entergy Corporation Entergy Arkansas, LLC Entergy Louisiana, LLC Entergy Mississippi, LLC Entergy New Orleans, LLC Entergy Texas, Inc.

System Energy Resources, Inc.

By: /s/ Marcus V. Brown

Marcus V. Brown Executive Vice President and General Counsel

Dated: August 22, 2023

Document

image.jpg

Entergy Statistical Report

and Investor Guide

2022

We have assembled the statistics and facts in this report to support your review and analysis of Entergy’s results over the last three years. Please note that calculations may differ due to rounding.

Our vision: we power life
Our mission: We exist to grow a world-class energy business that creates sustainable value for our customers, employees, communities and owners.
Entergy is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi, and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism, and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees.
TABLE OF CONTENTS Note: The Excel Tab labels correspond to the page numbers
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in the PDF version of the 2022 report.
Excel Tab Excel Tab
ABOUT THIS PUBLICATION Page 2 Utility Securities Detail Pages 33 – 36
FORWARD-LOOKING INFORMATION Page 2 Utility Long-Term Debt and Preferred Stock Page 33
REGULATION G COMPLIANCE Page 2 Entergy Arkansas, LLC Page 33
ENTERGY AT A GLANCE Pages 3 – 4 Entergy Utility Holding Company, LLC Page 33
Entergy Louisiana, LLC Page 34
ENTERGY CORPORATION AND SUBSIDIARIES Entergy Mississippi, LLC Page 35
Selected Financial and Operating Data Page 5 Entergy New Orleans, LLC Page 35
Selected Financial Data Page 5 Entergy Texas, Inc. Page 36
Utility Electric Operating Data Page 5 System Energy Resources, Inc. Page 36
Entergy Wholesale Commodities Operating Data Page 5 Utility Statistical Information Pages 37 – 49
Employees Page 5 Utility Total Capability Page 37
Owned and Leased Capability Page 5 Utility Selected Operating Data Page 37
Consolidated Quarterly Financial Metrics Page 6 Utility Electric Statisitcal Information Page 38
Consolidated Annual Financial Metrics Page 6 Entergy Arkansas, LLC Pages 39 – 40
Financial Results Page 7 Entergy Louisiana, LLC Pages 41 – 42
GAAP to Non-GAAP Reconciliations: Page 7 Entergy Mississippi, LLC Pages 43 – 44
Consolidated Quarterly Results Page 7 Entergy New Orleans, LLC Pages 45 – 46
Consolidated Quarterly Adjustments Pages 8 – 9 System Energy Resources, Inc. Page 46
Consolidated Annual Results Page 10 Entergy Texas, Inc. Pages 47 – 48
Consolidated Annual Adjustments Pages 11 – 12 Utility Nuclear Plant Statistics Page 49
Consolidated Income Statements Page 13 Individual Plant Information Page 49
Consolidating Income Statement Page 14 Utility Regulatory Information Page 50
Consolidated Balance Sheets Pages 15 – 16 State Regulatory Commissions Page 50
Consolidating Balance Sheet Pages 17 – 18 Commission/Council Members Page 50
Consolidated Statements of Cash Flow Pages 19 – 20
Cash Flow Information by Business Page 20 ENTERGY WHOLESALE COMMODITIES
Consolidated Statements of Changes in Equity Page 21 EWC Quarterly Financial Metrics Page 51
Consolidated Statements of Comprehensive Page 22 EWC Annual Financial Metrics Page 51
Income (Loss) EWC Quarterly Operational Metrics Page 51
Consolidated Capital Expenditures Page 23 EWC Annual Operational Metrics Page 51
Historical Capital Expenditures Page 23 EWC Total Capacity Page 51
Entergy Corporation Securities Detail Page 23 EWC Nuclear Plant Statistics Page 52
Entergy Corporation Long-Term Debt Page 23 EWC Non-Nuclear Wholesale Assets Page 52
Securities Ratings (Outlook) Page 23 Plant Statistics
Preferred Member Interests Page 23 EWC Non-Nuclear Wholesale Assets Page 52
UTILITY Plant Emissions
Utility Quarterly Financial Metrics Page 24 EWC Non-Nuclear Assets Securities Detail Page 53
Utility Annual Financial Metrics Page 24 Vermont Yankee Credit Facility Page 53
Utility Securities Ratings (Outlook) Page 24 Preferred Stock Page 53
Utility Historical Capital Expenditures Page 24
Utility Financial Results Pages 25 – 30 DEFINITIONS OF OPERATIONAL MEASURES AND
Utility Consolidating Income Statement Page 25 GAAP AND NON-GAAP FINANCIAL MEASURES Page 54
Utility Consolidating Balance Sheet Pages 26 – 27
Utility Selected Annual Financial Metrics Pages 28 – 30 REG G RECONCILIATIONS
Utility Weather Analysis Pages 31 – 32 Financial Measures Pages 55 – 68
INVESTOR INFORMATION Page 69
ABOUT THIS PUBLICATION ● the risk that an incident at any nuclear generation facility in the U.S. could lead to the
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This publication is unaudited and should be used in conjunction with Entergy’s 2022 assessment of significant retrospective assessments and/or retrospective insurance
Annual Report to Shareholders and Form 10-K filed with the Securities and Exchange premiums as a result of Entergy’s participation in a secondary financial protection system
Commission. It has been prepared for information purposes and is not intended for use and a utility industry mutual insurance company;
in connection with any sale or purchase of, or any offer to buy, any securities of Entergy ● changes in the quality and availability of water supplies and the related regulation of
Corporation or its subsidiaries. water use and diversion;
● Entergy’s ability to manage its capital projects, including by completing of projects timely
FORWARD-LOOKING INFORMATION and within budget, to obtain the anticipated performance or other benefits, of such capital
In this report and from time to time, Entergy Corporation makes statements concerning projects, and to manage its operation and maintenance costs;
its expectations, beliefs, plans, objectives, goals, projections, strategies, and future ● the effects of supply chain disruptions, including those originating during COVID-19 global
events or performance. Such statements are “forward-looking statements” within the pandemic or driven by trade-related governmental actions, on Entergy’s ability to complete
meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” its capital projects in a timely and cost-effective manner;
“will,” “could,” “project,” “believe,” “anticipate,” “intend,” "goal," "commitment," “expect,” ● Entergy’s ability to purchase and sell assets at attractive prices and on other attractive
“estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,” and other similar words or terms;
expressions are intended to identify forward-looking statements but are not the only means ● the economic climate, and particularly economic conditions in Entergy’s Utility service
to identify these statements. Although Entergy believes that these forward-looking area and events and circumstances that could influence economic conditions in those areas,
statements and the underlying assumptions are reasonable, it cannot provide assurance that including power prices and inflation, and the risk that anticipated load growth may not
they will prove correct. Any forward-looking statement is based on information current as of materialize;
the date of this report and speaks only as of the date on which such statement is made. ● changes to federal income tax laws, regulations, and interpretive guidance, including the
Except to the extent required by the federal securities laws, Entergy undertakes no Inflation Reduction Act of 2022, and the continued impact of the Tax Cuts and Jobs Act of
obligation to publicly update or revise any forward-looking statements, whether as a 2017, and any related intended or unintended consequences on financial results and future
result of new information, future events, or otherwise. cash flows;
Forward-looking statements involve a number of risks and uncertainties. There are ● the effects of Entergy’s strategies to reduce tax payments;
factors that could cause actual results to differ materially from those expressed or ● changes in the financial markets and regulatory requirements for the issuance of
implied in the forward-looking statements, including (a) those factors discussed or securities, particularly as they affect access to and cost of capital and Entergy’s ability to
incorporated by reference in Item 1A. Risk Factors contained in the Form 10-K for refinance existing securities, and fund investments and acquisitions;
the year ended Dec. 31, 2022, (b) those factors discussed or incorporated by reference ● actions of rating agencies, including changes in the ratings of debt and preferred
in Management’s Financial Discussion and Analysis contained in the Form 10-K for the stock, changes in general corporate ratings, and changes in the rating agencies’ ratings
year ended Dec. 31, 2022, and (c) the following factors (in addition to others described criteria;
elsewhere in this report and in subsequent securities filings): ● changes in inflation and interest rates and the impacts of inflation or a recession on our
● resolution of pending and future rate cases and related litigation, formula rate customers;
proceedings and related negotiations, including various performance-based rate ● the effects of litigation, including the outcome and resolution of the proceedings involving
discussions, Entergy’s utility supply plan, and recovery of fuel and purchased power costs, System Energy currently before the FERC and any appeals of FERC decisions in those
as well as delays in cost recovery resulting from these proceedings; proceedings;
● regulatory and operating challenges and uncertainties and economic risks associated ● the effects of government investigations or proceedings;
with the Utility operating companies’ participation in MISO, including the benefits of ● changes in technology, including (i) Entergy’s ability to implement new or emerging
continued MISO participation, the effect of current or projected MISO market rules and technologies, (ii) the impact of changes relating to new, developing, or alternative
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market and system conditions in the MISO markets, the absence of a minimum capacity sources of generation such as distributed energy and energy storage, renewable energy,
obligation for load serving entities in MISO and the consequent ability of some load serving energy efficiency, demand side management and other measures that reduce load and
entities to “free ride” on the energy market without paying appropriate compensation for the government policies incentivizing development or utilization of the foregoing, and
capacity needed to produce that energy, the allocation of MISO system transmission (iii) competition from other companies offering products and services to Entergy’s customers
upgrade costs, the MISO-wide base rate of return on equity allowed or any MISO-related based on new or emerging technologies or alternative sources of generation;
charges and credits required by the FERC, and the effect of planning decisions that MISO ● Entergy's ability to effectively formulate and implement plans to reduce its carbon
makes with respect to future transmission investments by the Utility operating companies; emission rate and aggregate carbon emissions, including its commitment to achieve
● changes in utility regulation, including with respect to retail and wholesale competition, net-zero carbon emissions by 2050, and the potential impact on its business and financial
the ability to recover net utility assets and other potential stranded costs, and the condition of attempting to achieve such objectives;
application of more stringent return on equity criteria, transmission reliability ● the effects, including increased security costs, of threatened or actual terrorism,
requirements or market power criteria by the FERC or the U.S. Department of Justice; cyber-attacks or data security breaches, physical attacks on or other interference with
● changes in the regulation or regulatory oversight of Entergy’s owned or operated nuclear facilities or infrastructure, natural or man-made electromagnetic pulses that affect
generating facilities,nuclear materials and fuel, and the effects of new or existing safety or transmission or generation infrastructure, accidents, and war or a catastrophic event such as
environmental concerns regarding nuclear power plants and fuel; a nuclear accident or a natural gas pipeline explosion;
● resolution of pending or future applications, and related regulatory proceedings and ● the effects of a global or geopolitical event or pandemic, such as the ongoing COVID-19
litigation, for license modifications or other authorizations required of nuclear generating global pandemic and the military activities between Russia and Ukraine, including economic
facilities and the effect of public and political opposition on these applications, regulatory and societal disruptions; volatility in the capital markets (and any related increased cost of
proceedings, and litigation; capital or any inability to access the capital markets or draw on available bank credit
● the performance of and deliverability of power from Entergy’s generation resources, facilities); reduced demand for electricity, particularly from commercial and industrial
including the capacity factors at Entergy’s nuclear generating facilities; customers; increased or unrecoverable costs; supply chain, vendor, and contractor
● increases in costs and capital expenditures that could result from changing regulatory disruptions, including as a result of trade-related sanctions; delays in completion of capital or
requirements, changing economic conditions, and emerging operating and industry issues, other construction projects, maintenance, and other operations activities, including prolonged
and the risks related to recovery of these costs and capital expenditures from Entergy’s or delayed outages; impacts to Entergy’s workforce availability, health, or safety; increased
customers (especially in an increasing cost environment); cybersecurity risks as a result of many employees telecommuting; increased late or
● the commitment of substantial human and capital resources required for the safe and uncollectible customer payments; regulatory delays; executive orders affecting, or increased
reliable operation and maintenance of Entergy’s nuclear generating facilities; regulation of, Entergy's business; changes in credit ratings or outlooks as a result of any of
● Entergy’s ability to develop and execute on a point of view regarding future prices of the foregoing; or other adverse impacts on Entergy’s ability to execute on its business
electricity, natural gas, and other energy-related commodities; strategies and initiatives or, more generally, on Entergy’s results of operations, financial
● the prices and availability of fuel and power Entergy must purchase for its Utility condition, and liquidity;
customers, and Entergy’s ability to meet credit support requirements for fuel and power ● Entergy’s ability to attract and retain talented management, directors, and employees
supply contracts; with specialized skills;
● volatility and changes in markets for electricity, natural gas, uranium, emissions ● Entergy’s ability to attract, retain and manage an appropriately qualified workforce;
allowances, and other energy-related commodities, and the effect of those changes on ● changes in accounting standards and corporate governance best practices;
Entergy and its customers; ● declines in the market prices of marketable securities and resulting funding
● changes in law resulting from federal or state energy legislation or legislation requirements and the effects on benefits costs for Entergy’s defined benefit pension
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subjecting energy derivatives used in hedging and risk management transactions to and other postretirement benefit plans;
governmental regulation; ● future wage and employee benefits costs, including changes in discount rates and
● changes in environmental laws and regulations, agency positions or associated returns on benefit plan assets;
litigation, including requirements for reduced emissions of sulfur dioxide, nitrogen oxide, ● changes in decommissioning trust fund values or earnings or in the timing of,
greenhouse gases, mercury, particulate matter and other regulated air emissions, heat requirements for, or cost to decommission Entergy’s nuclear plant sites and the
and other regulated discharges to water, waste management and disposal, remediation of implementation of decommissioning of such sites following shutdown;
contaminated sites, wetlands protection and permitting, and reporting and changes in costs ● the effectiveness of Entergy’s risk management policies and procedures and the
of compliance with environmental laws and regulations; ability and willingness of its counterparties to satisfy their financial and performance
● changes in laws and regulations, agency positions, or associated litigation related to commitments; and
protected species and associated critical habitat designations; ● Entergy and its subsidiaries' ability to successfully execute on their business
● the effects of changes in federal, state, or local laws and regulations, and other strategies, including their ability to complete strategic transactions that they may
governmental actions or policies, including changes in monetary, fiscal, tax, undertake.
environmental, trade/tariff, domestic purchase requirements, or energy policies and
related laws, regulations, and other governmental actions; REGULATION G COMPLIANCE
● the effects of full or partial shutdowns of the federal government or delays in obtaining Financial performance measures shown in this report include those calculated and
government or regulatory actions or decisions; presented in accordance with generally accepted accounting principles (GAAP), as well
● uncertainty regarding the establishment of interim or permanent sites for spent nuclear as those that are considered non-GAAP measures. This report includes non-GAAP
fuel and nuclear waste storage and disposal and the level of spent fuel and nuclear measures of adjusted earnings; adjusted EPS; adjustments; adjusted EBITDA; adjusted
waste disposal fees charged by the U.S. government or other providers related to such common dividend payout ratio; adjusted ROE; gross liquidity; adjusted return on average
sites; member's equity; adjusted net revenue; other O&M; total debt, excluding
● variations in weather and the occurrence of hurricanes and other storms and disasters, securitization debt; debt to capital, excluding securitization debt; net debt to net capital,
including uncertainties associated with efforts to remediate the effects of hurricanes, ice excluding securitization debt; parent debt to total debt, excluding securitization debt; FFO;
storms, or other weather events and the recovery of costs associated with restoration, FFO to debt, excluding securitization debt; FFO to debt excluding securitization debt, return
including accessing funded storm reserves, federal and local cost recovery mechanisms, of unprotected excess ADIT, and severance, and retention payments associated with exit
securitization, and insurance, as well as any related unplanned outages; of EWC. We have prepared reconciliations of these measures to the most directly
● effects of climate change, including the potential for increases in extreme weather events comparable GAAP measures. Reconciliations can be found on pages 7, 10, and 55 – 68.
and sea levels or coastal land and wetland loss;
ENTERGY AT A GLANCE
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STAKEHOLDER OBJECTIVES
Entergy's Mission: We exist to grow a world-class energy business that creates sustainable value for our four key stakeholders – our
customers, our employees, our communities, and our owners.
● For our customers, we create value by delivering top-quartile customer experiences. We work directly with customers to understand
their needs and exceed their expectations while keeping rates affordable.
● For our employees, we create value by advocating for our employees to live safe, all day, every day. We strive to earn top-quartile
organizational health scores. We provide a rewarding, engaging, diverse, and inclusive work environment with fair compensation and
benefits while also providing opportunities for career advancement.
● For our communities, we create value by achieving top-quartile social responsibility performance. We are active in economic
development, philanthropy, volunteerism, and advocacy, and we operate our business safely, resiliently, and in a socially and
environmentally responsible way.
● For our owners, we create value by delivering top-quartile total shareholder returns. We are relentless in our pursuit of opportunities
to optimize our business.
ENTERGY BY THE NUMBERS
GAAP revenues $13.8 billion
GAAP net Income $1.1 billion
Total assets $58.6 billion
Utility electric customers 3.0 million
Interconnected high-voltage transmission lines 16,096 circuit miles
Distribution lines across the utility’s 94,000-square-mile service area 105,864 circuit miles
Utility billed retail electric energy sales 120,129 GWh
Employees at year-end 11,700
Utility owned and leased generating capability by fuel source in MW:
Modern Gas 10,516
Nuclear 5,211
Legacy Gas 5.995
Coal 2,091
Renewables 301
ENTERGY AT A GLANCE
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UTILITY OPERATIONS
The Utility business segment includes the generation, transmission, distribution, and sale of electric power, and operation of a small natural gas distribution
business.
● Five retail electric utilities with 3 million customers
● Four states – Arkansas, Louisiana, Mississippi, and Texas
● 24,075 MW generating capability
● Two gas utilities with 204,000 customers
ENTERGY ARKANSAS, LLC (E-AR)
Entergy Arkansas generates, transmits, distributes, and sells electric power to 730,000 retail customers in Arkansas.
ENTERGY LOUISIANA, LLC (E-LA)
Entergy Louisiana generates, transmits, distributes, and sells electric power to 1,101,000 retail customers in Louisiana.
Entergy Louisiana also provides natural gas utility service to 95,000 customers in the Baton Rouge, Louisiana area.
ENTERGY MISSISSIPPI, LLC (E-MS)
Entergy Mississippi generates, transmits, distributes, and sells electric power to 461,000 retail customers in Mississippi.
ENTERGY NEW ORLEANS, LLC (E-NO)
Entergy New Orleans generates, transmits, distributes, and sells electric power to 211,000 retail customers in New Orleans, Louisiana.
Entergy New Orleans also provides natural gas utility service to 109,000 customers in the city of New Orleans.
ENTERGY TEXAS, INC. (E-TX)
Entergy Texas generates, transmits, distributes, and sells electric power to 499,000 retail customers in Texas.
SYSTEM ENERGY RESOURCES, INC. (SERI)
System Energy owns or leases 90% of the Grand Gulf 1 nuclear generating facility. System Energy sells its power 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 Unit 1 in Port Gibson, Mississippi; River Bend Station in St. Francisville, Louisiana and
Waterford Steam Electric Station Unit 3 in Killona, Louisiana.
SELECTED FINANCIAL AND OPERATING DATA
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SELECTED FINANCIAL DATA
2022 2021 2020
GAAP MEASURES
Operating Revenues ($ millions) 13,764 11,743 10,114
As-Reported Net Income (Loss) Attributable to Entergy Corporation ($ millions) 1,103 1,118 1,388
As-Reported Earnings Per Share ($) 5.37 5.54 6.90
Common Dividend Paid Per Share ($) 4.10 3.86 3.74
Common Dividend Payout Ratio – As-Reported (%) 76 70 54
NON-GAAP MEASURES
Adjusted Earnings ($ millions) 1,320 1,215 1,138
Adjusted Earnings Per Share ($) 6.42 6.02 5.66
Adjustments ($ millions) (217) (97) 250
Adjustments Per Share ($) 1.05 (0.48) 1.24
Common Dividend Payout Ratio – Adjusted (%) 64 64 66
UTILITY ELECTRIC OPERATING DATA
2022 2021 2020
Retail Kilowatt-Hour Sales (millions) 120,129 114,744 111,170
Peak Demand (megawatts) 22,301 22,051 21,340
Retail Customers – Year End (thousands) 3,002 2,984 2,954
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
2022 2021 2020
Billed Electric Energy Sales (gigawatt hours) 4,570 11,328 20,581
EMPLOYEES
2022 2021 2020
Total Employees – Year End 11,707 12,369 13,400
OWNED AND LEASED CAPABILITY (MW)(a)
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As of December 31, 2022
E-AR E-LA E-MS E-NO E-TX SERI EWC(b) Total
Legacy Gas/Oil 522 2,766 707 — 1,960 — — 5,955
CT / CCGT(c) 1,567 5,595 1,738 636 980 — — 10,516
Coal 1,192 339 310 — 250 — 181 2,272
Nuclear 1,822 2,129 — — — 1,260 — 5,211
Hydro 73 — — — — — — 73
Solar 100 — 102 27 — — — 229
Total 5,276 10,829 2,857 663 3,190 1,260 181 24,256
(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) The owned MW capacity is the portion of the plant capacity owned by Entergy Wholesale Commodities.
(c) Represents Simple Cycle Combustion Turbine units and Combined Cycle Gas Turbine units.
CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
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CONSOLIDATED QUARTERLY FINANCIAL METRICS
2021 FY
2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
GAAP MEASURES
ROE – as-reported (%)(a) 10.8 10.8 9.0 9.0 15.1 11.6 11.3 9.9 9.9 (0.9)
Cash and cash equivalents ( millions) 580 1,003 224 224 1,743 687 1,000 443 443 (220)
Available revolver capacity ( millions) 4,191 4,191 4,241 4,241 4,220 4,125 3,925 3,985 3,985 257
Commercial paper ( millions) 1,398 1,386 828 828 1,028 866 1,006 1,201 1,201 (373)
Total debt ( millions) 26,923 27,677 26,829 26,829 25,803 25,435 25,695 27,154 27,154 (325)
Securitization debt ( millions) 336 311 293 293 147 114 90 84 84 209
Debt to capital (%) 69.1 69 66.9 66.9 69.6 69.5 69.1 69.5 69.5 (2.6)
Off-balance sheet liabilities ( millions)
Debt of joint ventures – Entergy’s share 3 — — — 15 12 9 7 7 (7)
Total off-balance sheet liabilities 3 — — — 15 12 9 7 7 (7)
NON-GAAP MEASURES
ROE – adjusted (%)(a) 11.3 11.7 10.7 10.7 11.3 11.3 10.9 10.8 10.8 -0.1
Gross liquidity ( millions) 4,771 5,195 4,465 4,465 5,963 4,812 4,925 4,428 4,428 37
Net liquidity ( millions) 3,373 3,809 3,638 3,638 4,935 3,946 3,919 3,227 3,227 411
Net liquidity, including storm escrows ( millions) 3,697 4,133 4,040 4,040 5,007 4,018 3,952 3,260 3,260 780
Debt to capital, excluding securitization debt (%) 68.8 69.0 66.9 66.9 69.5 69.4 69.0 69.4 69.4 (2.5)
Net debt to net capital, excluding securitization debt (%) 68.4 68.0 66.5 66.5 68.0 68.9 68.1 69.1 69.1 (2.7)
Parent debt to total debt, excluding securitization debt (%) 20.9 20.3 18.8 18.8 22.3 22.4 23.4 22.2 22.2 (3.4)
FFO to debt, excluding securitization debt (%) 10.9 12.2 12.4 12.4 8.2 9.8 9.7 9.4 9.4 3.0
FFO to debt, excluding securitization debt, return of      unprotected excess ADIT, and severance and     retention payments associated with exit of EWC (%) 11.1 12.6 12.8 12.8 8.7 10.8 10.6 10.1 10.1 2.7
(a) Rolling twelve months.

All values are in US Dollars.

CONSOLIDATED ANNUAL FINANCIAL METRICS
2021 2020
GAAP MEASURES
ROE – as-reported (%) 9.9 13.1
Cash and cash equivalents ( millions) 443 1,759
Available revolver capacity ( millions) 3,985 4,110
Commercial paper ( millions) 1,201 1,627
Total debt ( millions) 27,154 24,062
Securitization debt ( millions) 84 175
Debt to capital (%) 69.5 68.3
Off-balance sheet liabilities ( millions)
Debt of joint ventures – Entergy’s share 7 17
Total off-balance sheet liabilities 7 17
NON-GAAP MEASURES
ROE – adjusted (%) 10.8 10.8
Gross liquidity ( millions) 4,428 5,869
Net liquidity ( millions) 3,227 4,241
Net liquidity, including storm escrows ( millions) 3,260 4,357
Debt to capital, excluding securitization debt (%) 69.4 68.1
Net debt to net capital, excluding securitization debt (%) 69.1 66.4
Parent debt to total debt, excluding securitization debt (%) 22.2 21.6
FFO to debt, excluding securitization debt (%) 9.4 10.3
FFO to debt, excluding securitization debt, return ofunprotected excess ADIT, and severance and retentionpayments associated with exit of EWC (%) 10.1 10.9

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
2022 2021 FY
(After-tax, $ in millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)
Utility 340 153 672 241 1,407 357 326 570 238 1,490 (84)
Parent & Other (71) (80) (92) (122) (366) (60) (57) (65) (68) (249) (117)
EWC 7 87 (19) (12) 63 38 (275) 26 89 (123) 186
CONSOLIDATED 276 160 561 106 1,103 335 (6) 531 259 1,118 (15)
LESS ADJUSTMENTS
Utility — (291) — 12 (280) — — 11 16 27 (306)
Parent & Other — — — — — — — — (1) (1) 1
EWC 7 87 (19) (12) 63 38 (275) 26 89 (123) 186
CONSOLIDATED 7 (204) (19) (1) (217) 38 (275) 37 104 (97) (120)
ADJUSTED EARNINGS (LOSS) (NON-GAAP)
Utility 340 444 672 229 1,686 357 326 559 222 1,464 223
Parent & Other (71) (80) (92) (122) (366) (60) (57) (65) (67) (248) (118)
EWC — — — — — — — — — — —
CONSOLIDATED 269 364 580 107 1,320 297 269 494 155 1,215 105
Estimated Weather Impact 16 50 21 (1) 86 23 (15) (9) (21) (21) 107
Diluted average number of common shares outstanding (in millions) 204 205 205 209 206 201 201 202 203 202 4
2022 2021 FY
(After-tax, per share in $) (a) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)
Utility 1.67 0.75 3.29 1.15 6.84 1.77 1.62 2.82 1.17 7.38 (0.54)
Parent & Other (0.35) (0.39) (0.45) (0.58) (1.78) (0.30) (0.28) (0.32) (0.33) (1.23) (0.55)
EWC 0.04 0.42 (0.10) (0.06) 0.31 0.19 (1.37) 0.13 0.44 (0.61) 0.92
CONSOLIDATED 1.36 0.78 2.74 0.51 5.37 1.66 (0.03) 2.63 1.28 5.54 (0.17)
LESS ADJUSTMENTS
Utility — (1.42) — 0.06 (1.36) — — 0.05 0.08 0.13 (1.49)
Parent & Other — — — — — — — — — — —
EWC 0.04 0.42 (0.10) (0.06) 0.31 0.19 (1.37) 0.13 0.44 (0.61) 0.92
TOTAL ADJUSTMENTS 0.04 (1.00) (0.10) — (1.05) 0.19 (1.37) 0.18 0.52 (0.48) (0.57)
ADJUSTED EARNINGS (LOSS)
Utility 1.67 2.17 3.29 1.09 8.20 1.77 1.62 2.77 1.09 7.25 0.95
Parent & Other (0.35) (0.39) (0.45) (0.58) (1.78) (0.30) (0.28) (0.32) (0.33) (1.23) (0.55)
EWC — — — — — — — — — — —
CONSOLIDATED 1.32 1.78 2.84 0.51 6.42 1.47 1.34 2.45 0.76 6.02 0.40
Estimated Weather Impact 0.08 0.24 0.10 — 0.42 0.11 (0.07) (0.04) (0.10) (0.11) 0.53
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.
FINANCIAL RESULTS
--- --- --- --- --- --- --- --- --- --- --- ---
CONSOLIDATED QUARTERLY ADJUSTMENTS - BY DRIVER
Shown as Positive/(Negative) Impact on Earnings
2022 2021 FY
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
UTILITY
E-LA and E-TX true-up for the equity component of carrying costs for 2020 storms (prior year portion) — 41 — — 41 — — — — — 41
E-LA contribution to the LURC related to securitization — (32) — — (32) — — — — — (32)
E-LA customer-sharing of securitization benefit — (224) — — (224) — — — — — (224)
SERI litigation settlement regulatory charge — (551) — — (551) — — — — — (551)
SERI depreciation adjustment — — — 33 33 — — — — — 33
Gain on sale — — — — — — — 15 — 15 (15)
Income tax effect on Utility adjustments above — 192 — (8) 183 — — (4) — (4) 187
E-LA tax benefit resulting from securitization — 283 — — 283 — — — — — 283
SERI sale-leaseback reg. liability / DTA turnaround — — — (13) (13) — — — — — (13)
Income tax valuation allowance — — — — — — — — (8) (8) 8
Provision for uncertain tax position — — — — — — — — (5) (5) 5
State corporate income tax rate change — — — — — — — — 29 29 (29)
Total — (291) — 12 (280) — — 11 16 27 (306)
PARENT & OTHER
State corporate income tax rate change — — — — — — — — (1) (1) 1
Total — — — — — — — — (1) (1) 1
EWC
Income before income taxes 11 113 — (4) 119 54 (346) 35 112 (146) 265
Income taxes (3) (25) (18) (8) (54) (16) 72 (9) (22) 25 (80)
Preferred dividend requirements (1) (1) (1) (1) (2) (1) (1) (1) (1) (2) —
Total 7 87 (19) (12) 63 38 (275) 26 89 (123) 186
TOTAL ADJUSTMENTS 7 (204) (19) (1) (217) 38 (275) 37 104 (97) (120)
2022 2021 FY
(After-tax, per share in $) (a) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
UTILITY
E-LA and E-TX true-up for the equity component of carrying costs for 2020 storms (prior year portion) — 0.18 — — 0.17 — — — — — 0.17
E-LA contribution to the LURC related to securitization — (0.15) — — (0.15) — — — — — (0.15)
E-LA customer-sharing of securitization benefit — (0.81) — — (0.81) — — — — — (0.81)
E-LA tax benefit resulting from securitization — 1.38 — — 1.38 — — — — — 1.38
SERI litigation settlement regulatory charge — (2.02) — — (2.01) — — — — — (2.01)
SERI depreciation adjustment — — — 0.12 0.12 — — — — — 0.12
Gain on sale — — — — — — — 0.05 — 0.05 (0.05)
SERI sale-leaseback reg. liability / DTA turnaround — — — (0.06) (0.06) — — — — — (0.06)
Income tax valuation allowance — — — — — — — — (0.04) (0.04) 0.04
Provision for uncertain tax position — — — — — — — — (0.02) (0.02) 0.02
State corporate income tax rate change — — — — — — — — 0.14 0.14 (0.14)
Total — (1.42) — 0.06 (1.36) — — 0.05 0.08 0.13 (1.49)
PARENT & OTHER
State corporate income tax rate change — — — — — — — — — — —
Total — — — — — — — — — — —
EWC
Total 0.04 0.42 (0.10) (0.06) 0.31 0.19 (1.37) 0.13 0.44 (0.61) 0.92
TOTAL ADJUSTMENTS 0.04 (1.00) (0.10) — (1.05) 0.19 (1.37) 0.18 0.52 (0.48) (0.57)
--- --- --- --- --- --- --- --- --- --- --- ---
(a) Per share amounts are calculated by multiplying the corresponding earnings (loss) by the estimated income tax rate that is expected to apply and dividing by the diluted average number of common shares outstanding for the period.
FINANCIAL RESULTS
--- --- --- --- --- --- --- --- --- --- --- ---
CONSOLIDATED QUARTERLY ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
2022 2021 FY
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
UTILITY
Operating revenues — 46 — — 46 — — — — — 46
Depreciation/amortization exp. — — — 33 33 — — — — — 33
Regulatory charges (credits)-net — (775) — — (775) — — — — — (775)
Other income (deductions) - other — (37) — — (37) — — — — — (37)
Other O&M — — — — — — — 15 — 15 (15)
Income taxes — 474 — (21) 453 — — (4) 16 12 441
Total — (291) — 12 (280) — — 11 16 27 (306)
PARENT & OTHER
Income taxes — — — — — — — — (1) (1) 1
Total — — — — — — — — (1) (1) 1
EWC
Operating revenues 150 89 62 43 343 248 149 162 139 698 (355)
Fuel and fuel-related expenses (26) (25) (30) (18) (98) (21) (17) (24) (20) (83) (16)
Purchased power (14) (26) (24) (20) (83) (18) (18) (22) (15) (73) (11)
Nuclear refueling outage expense (11) (7) — — (18) (11) (11) (11) (11) (45) 26
Other O&M (41) (42) (10) (10) (103) (99) (83) (51) (53) (287) 184
Asset write-offs and impairments (1) 164 — — 163 (3) (342) — 82 (264) 427
Decommissioning expense (14) (14) — — (28) (53) (40) (14) (14) (120) 92
Taxes other than income taxes (10) (3) (1) (3) (16) (6) (6) (2) (3) (17) 1
Depreciation/amortization expense (9) (3) (1) (1) (14) (13) (14) (9) (9) (44) 30
Other income (deductions) - other (13) (18) 6 8 (18) 34 41 9 18 101 (119)
Interest expense and other charges (1) (2) (2) (3) (8) (4) (4) (3) (2) (13) 6
Income taxes (3) (25) (18) (8) (54) (16) 72 (9) (22) 25 (80)
Preferred dividend requirements (1) (1) (1) (1) (2) (1) (1) (1) (1) (2) —
Total 7 87 (19) (12) 63 38 (275) 26 89 (123) 186
TOTAL ADJUSTMENTS (after-tax) 7 (204) (19) (1) (217) 38 (275) 37 104 (97) (120)
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
(After-tax, $ in millions) 2022 2021 2020
AS-REPORTED EARNINGS (LOSS)
Utility 1,407 1,490 1,800
Parent & Other (366) (249) (347)
EWC 63 (123) (65)
CONSOLIDATED 1,103 1,118 1,388
LESS ADJUSTMENTS
Utility (280) 27 377
Parent & Other — (1) (61)
EWC 63 (123) (65)
TOTAL ADJUSTMENTS (217) (97) 250
ADJUSTED EARNINGS (LOSS)
Utility 1,686 1,464 1,424
Parent & Other (366) (248) (286)
EWC — — —
CONSOLIDATED 1,320 1,215 1,138
Estimated Weather Impact 86 (21) (75)
Diluted average number of common shares outstanding (in millions) 206 202 201
(After-tax, per share in $) (a) 2022 2021 2020
AS-REPORTED EARNINGS (LOSS)
Utility 6.84 7.38 8.95
Parent & Other (1.78) (1.23) (1.73)
EWC 0.31 (0.61) (0.32)
CONSOLIDATED 5.37 5.54 6.90
LESS ADJUSTMENTS
Utility (1.36) 0.13 1.87
Parent & Other — — (0.31)
EWC 0.31 (0.61) (0.32)
TOTAL ADJUSTMENTS (1.05) (0.48) 1.24
ADJUSTED EARNINGS (LOSS)
Utility 8.20 7.25 7.08
Parent & Other (1.78) (1.23) (1.42)
EWC — — —
ENTERGY ADJUSTED EARNINGS 6.42 6.02 5.66
Weather Impact 0.42 (0.11) (0.37)
(a) Per share amounts are calculated by multiplying the corresponding earnings (loss) by the estimated income tax of common shares outstanding for
the period.
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED ANNUAL ADJUSTMENTS - BY DRIVER
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 2022 2021 2020
UTILITY
E-LA and E-TX true-up for the equity component of carrying costs for 2020 storms (prior year portion) 41 — —
E-LA contribution to the LURC related to securitization (32) — —
E-LA customer-sharing of securitization benefit (224) — —
SERI litigation settlement regulatory charge (551) — —
SERI depreciation adjustment 33 — —
Gain on sale — 15 —
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015 — — (25)
Income tax effect on Utility adjustments above 183 (4) 6
E-LA tax benefit resulting from securitization 283 — —
SERI sale-leaseback reg. liability / DTA turnaround (13) — —
Income tax valuation allowance — (8) —
Provision for uncertain tax position — (5) —
State corporate income tax rate change — 29 —
2014 / 2015 IRS settlement - E-LA business combination — — 396
Total (280) 27 377
PARENT & OTHER
State corporate income tax rate change — (1) —
2014 / 2015 IRS settlement - E-LA business combination — — (61)
Total — (1) (61)
EWC
Income before income taxes 119 (146) 42
Income taxes (54) 25 (105)
Preferred dividend requirements (2) (2) (2)
Total 63 (123) (65)
TOTAL ADJUSTMENTS (217) (97) 250
(After-tax, per share in $) (a) 2022 2021 2020
UTILITY
E-LA and E-TX true-up for the equity component of carrying costs for 2020 storms (prior year portion) 0.17 — —
E-LA contribution to the LURC related to securitization (0.15) — —
E-LA customer-sharing of securitization benefit (0.81) — —
E-LA tax benefit resulting from securitization 1.38 — —
SERI litigation settlement regulatory charge (2.01) — —
SERI depreciation adjustment 0.12 — —
Gain on sale — 0.05 —
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015 — — (0.09)
SERI sale-leaseback reg. liability / DTA turnaround (0.06) — —
Income tax valuation allowance — (0.04) —
Provision for uncertain tax position — (0.02) —
State corporate income tax rate change — 0.14 —
2014 / 2015 IRS settlement - E-LA business combination — — 1.96
Total (1.36) 0.13 1.87
PARENT & OTHER
State corporate income tax rate change — — —
2014 / 2015 IRS settlement - E-LA business combination — — (0.31)
Total — — (0.31)
EWC
Total 0.31 (0.61) (0.32)
--- --- --- ---
TOTAL ADJUSTMENTS (1.05) (0.48) 1.24
(a) Per share amounts are calculated by multiplying the corresponding earnings (loss) by the estimated income tax rate that is expected to apply and dividing
by the diluted average number of common shares outstanding for the period.
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED ANNUAL ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 2022 2021 2020
UTILITY
Operating revenues 46 — —
Depreciation/amortization exp. 33 — —
Regulatory charges (credits)-net (775) — (25)
Other income (deductions) - other (37) — —
Other O&M — 15 —
Income taxes 453 12 402
Total (280) 27 377
PARENT & OTHER
Income taxes — (1) (61)
Total — (1) (61)
EWC
Operating revenues 343 698 943
Fuel and fuel-related expenses (98) (83) (67)
Purchased power (83) (73) (68)
Nuclear refueling outage expense (18) (45) (45)
Other O&M (103) (287) (500)
Asset write-offs and impairments 163 (264) (27)
Decommissioning expense (28) (120) (205)
Taxes other than income taxes (16) (17) (53)
Depreciation/amortization expense (14) (44) (102)
Other income (deductions) - other (18) 101 189
Interest expense and other charges (8) (13) (22)
Income taxes (54) 25 (105)
Preferred dividend requirements (2) (2) (2)
Total 63 (123) (65)
TOTAL ADJUSTMENTS (after-tax) (217) (97) 250
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED INCOME STATEMENTS (unaudited)
In thousands, except share data, for the years ended December 31, 2022 2021 2020
OPERATING REVENUES:
Electric $13,186,845 $10,873,995 $9,046,643
Natural gas 233,920 170,610 124,008
Competitive businesses 343,472 698,291 942,985
Total 13,764,237 11,742,896 10,113,636
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 3,732,851 2,458,096 1,564,371
Purchased power 1,561,544 1,271,677 904,268
Nuclear refueling outage expenses 156,032 172,636 184,157
Other operation and maintenance 3,038,459 2,968,621 3,002,626
Asset write-offs, impairments, and related charges (credits) (163,464) 263,625 26,623
Decommissioning 224,076 306,411 381,861
Taxes other than income taxes 733,538 660,290 652,840
Depreciation and amortization 1,761,023 1,684,286 1,613,086
Other regulatory charges (credits) – net 669,403 111,628 14,609
Total 11,713,462 9,897,270 8,344,441
OPERATING INCOME 2,050,775 1,845,626 1,769,195
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 72,832 70,473 119,430
Interest and investment income (loss) (75,581) 430,466 392,818
Miscellaneous – net (77,629) (201,778) (210,633)
Total (80,378) 299,161 301,615
INTEREST EXPENSE:
Interest expense 940,060 863,712 837,981
Allowance for borrowed funds used during construction (27,823) (29,018) (52,318)
Total 912,237 834,694 785,663
INCOME BEFORE INCOME TAXES 1,058,160 1,310,093 1,285,147
Income taxes (38,978) 191,374 (121,506)
CONSOLIDATED NET INCOME 1,097,138 1,118,719 1,406,653
Preferred dividend requirements of subsidiaries and noncontrolling interest (6,028) 227 18,319
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $1,103,166 $1,118,492 $1,388,334
Basic earnings per average common share $5.40 $5.57 $6.94
Diluted earnings per average common share $5.37 $5.54 $6.90
Basic average number of common shares outstanding 204,450,354 200,941,511 200,106,945
Diluted average number of common shares outstanding 205,547,578 201,873,024 201,102,220
FINANCIAL RESULTS
--- --- --- --- ---
CONSOLIDATING INCOME STATEMENT (unaudited)
In thousands, except share data, for the year ended December 31, 2022. UTILITY PARENT & OTHER EWC CONSOLIDATED
OPERATING REVENUES:
Electric $13,186,884 ($39) $— $13,186,845
Natural gas 233,920 — — 233,920
Competitive businesses — 11 343,461 343,472
Total 13,420,804 (28) 343,461 13,764,237
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 3,634,394 (28) 98,485 3,732,851
Purchased power 1,478,121 28 83,395 1,561,544
Nuclear refueling outage expenses 137,618 — 18,414 156,032
Other operation and maintenance 2,899,759 35,677 103,023 3,038,459
Asset write-offs, impairments, and related charges (credits) — — (163,464) (163,464)
Decommissioning 195,831 — 28,245 224,076
Taxes other than income taxes 716,560 738 16,240 733,538
Depreciation and amortization 1,745,822 883 14,318 1,761,023
Other regulatory charges (credits) – net 669,403 — — 669,403
Total 11,477,508 37,298 198,656 11,713,462
OPERATING INCOME 1,943,296 (37,326) 144,805 2,050,775
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 72,832 — — 72,832
Interest and investment income (loss) 145,968 (187,152) (34,397) (75,581)
Miscellaneous – net (47,604) (46,618) 16,593 (77,629)
Total 171,196 (233,770) (17,804) (80,378)
INTEREST EXPENSE:
Interest expense 777,998 154,348 7,714 940,060
Allowance for borrowed funds used during construction (27,823) — — (27,823)
Total 750,175 154,348 7,714 912,237
INCOME BEFORE INCOME TAXES 1,364,317 (425,444) 119,287 1,058,160
Income taxes (34,263) (59,180) 54,465 (38,978)
CONSOLIDATED NET INCOME 1,398,580 (366,264) 64,822 1,097,138
Preferred dividend requirements of subsidiaries and noncontrolling interest (8,025) (191) 2,188 (6,028)
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $1,406,605 ($366,073) $62,634 $1,103,166
Basic earnings per average common share $6.88 ($1.79) $0.31 $5.40
Diluted earnings per average common share $6.84 ($1.78) $0.31 $5.37
FINANCIAL RESULTS
--- --- ---
CONSOLIDATED BALANCE SHEETS (unaudited)
In thousands, as of December 31, 2021 2020
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $44,944 $128,851
Temporary cash investments 397,615 1,630,248
Total cash and cash equivalents 442,559 1,759,099
Accounts receivable:
Customer 786,866 833,478
Allowance for doubtful accounts (68,608) (117,794)
Other 231,843 135,208
Accrued unbilled revenues 420,255 434,835
Total accounts receivable 1,370,356 1,285,727
Deferred fuel costs 324,394 4,380
Fuel inventory – at average cost 154,575 172,934
Materials and supplies – at average cost 1,041,515 962,185
Deferred nuclear refueling outage costs 133,422 179,150
Prepayments and other 156,774 196,424
Total 3,623,595 4,559,899
OTHER PROPERTY AND INVESTMENTS:
Decommissioning trust funds 5,514,016 7,253,215
Non-utility property – at cost (less accumulated depreciation) 357,576 343,328
Storm reserve escrow account 33,186 116,266
Other 126,269 97,956
Total 6,031,047 7,810,765
PROPERTY, PLANT AND EQUIPMENT:
Electric 64,263,250 59,696,443
Natural gas 658,989 610,768
Construction work in progress 1,511,966 2,012,030
Nuclear fuel 577,006 601,281
Total property, plant and equipment 67,011,211 62,920,522
Less – accumulated depreciation and amortization 24,767,051 24,067,745
Property, plant and equipment – net 42,244,160 38,852,777
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets (includes securitization property of 282,886 as of
December 31, 2022, 49,579 as of December 31, 2021 and 119,238 as of
December 31, 2020) 6,613,256 6,076,549
Deferred fuel costs 240,953 240,422
Goodwill 377,172 377,172
Accumulated deferred income taxes 54,186 76,289
Other 269,873 245,339
Total 7,555,440 7,015,771
TOTAL ASSETS $59,454,242 $58,239,212

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED BALANCE SHEETS (unaudited)
In thousands, as of December 31, 2021 2020
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $1,039,329 $1,164,015
Notes payable and commercial paper 1,201,177 1,627,489
Accounts payable 2,610,132 2,739,437
Customer deposits 395,184 401,512
Taxes accrued 419,828 441,011
Interest accrued 191,151 201,791
Deferred fuel costs 7,607 153,113
Pension and other postretirement liabilities 68,336 61,815
Current portion of unprotected excess accumulated deferred income taxes 53,385 63,683
Sale-leaseback/depreciation regulatory liability — —
Other 204,613 206,640
Total 6,190,742 7,060,506
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued 4,706,797 4,361,772
Accumulated deferred investment tax credits 211,975 212,494
Regulatory liability for income taxes - net 1,255,692 1,521,757
Other regulatory liabilities 2,643,845 2,323,851
Decommissioning and asset retirement cost liabilities 4,757,084 6,469,452
Accumulated provisions 157,122 242,835
Pension and other postretirement liabilities 1,949,325 2,853,013
Long-term debt (includes securitization bonds
of 292,760 as of December 31, 2022, 83,639 as of
December 31, 2021 and 174,635 as of December 31, 2020) 24,841,572 21,205,761
Other 815,284 807,219
Total 41,338,696 39,998,154
Commitments and Contingencies
Subsidiaries' preferred stock without sinking fund 219,410 219,410
EQUITY:
Preferred stock, no par value, authorized 1,000,000 shares in 2022 and 2021;
0 shares in 2020; issued shares in 2022, 2021, and 2020 - none — —
Common stock, 0.01 par value, authorized 499,000,000 in 2022 and 2021 and
500,000,000 shares in 2020; issued 279,635,929 shares in 2022,
issued 271,965,510 shares in 2021 and issued 270,035,180 shares in 2020 2,720 2,700
Paid-in capital 6,766,239 6,549,923
Retained earnings 10,240,552 9,897,182
Accumulated other comprehensive loss (332,528) (449,207)
Less – treasury stock, at cost (68,477,429 shares in 2022,
69,312,326 shares in 2021, and 69,790,346 shares in 2020) 5,039,699 5,074,456
Total common shareholders' equity 11,637,284 10,926,142
Subsidiaries' preferred stock without sinking fund and noncontrolling interest 68,110 35,000
Total 11,705,394 10,961,142
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $59,454,242 $58,239,212

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATING BALANCE SHEET (unaudited)
In thousands, as of December 31, 2022 UTILITY PARENT & OTHER EWC CONSOLIDATED
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $101,049 $1,758 $12,483 $115,290
Temporary cash investments 47,186 912 60,776 108,874
Total cash and cash equivalents 148,235 2,670 73,259 224,164
Notes receivable — (75,000) 75,000 —
Accounts receivable:
Customer 788,552 — — 788,552
Allowance for doubtful accounts (30,856) — — (30,856)
Associated companies 7,991 (9,407) 1,416 —
Other 223,752 4 17,946 241,702
Accrued unbilled revenues 495,859 — — 495,859
Total accounts receivable 1,485,298 (9,403) 19,362 1,495,257
Deferred fuel costs 710,401 — — 710,401
Fuel inventory – at average cost 141,174 — 6,458 147,632
Materials and supplies – at average cost 1,179,344 — 3,964 1,183,308
Deferred nuclear refueling outage costs 143,653 — — 143,653
Prepayments and other 190,942 (8,673) 8,342 190,611
Total 3,999,047 (90,406) 186,385 4,095,026
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates 3,176,229 (3,176,315) 86 —
Decommissioning trust funds 4,121,864 — — 4,121,864
Non-utility property – at cost (less accumulated depreciation) 357,763 (16) 8,658 366,405
Storm reserve escrow account 401,955 — — 401,955
Other 42,154 51,497 8,608 102,259
Total 8,099,965 (3,124,834) 17,352 4,992,483
PROPERTY, PLANT AND EQUIPMENT:
Electric 64,435,141 5,313 206,457 64,646,911
Natural gas 691,970 — — 691,970
Construction work in progress 1,843,160 352 659 1,844,171
Nuclear fuel 582,119 — — 582,119
Total property, plant and equipment 67,552,390 5,665 207,116 67,765,171
Less – accumulated depreciation and amortization 25,137,429 200 150,418 25,288,047
Property, plant and equipment – net 42,414,961 5,465 56,698 42,477,124
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets 6,036,397 — — 6,036,397
Deferred fuel costs 241,085 — — 241,085
Goodwill 374,099 — 3,073 377,172
Accumulated deferred income taxes 81,315 358 2,427 84,100
Other 152,374 10,903 128,527 291,804
Total 6,885,270 11,261 134,027 7,030,558
TOTAL ASSETS $61,399,243 ($3,198,514) $394,462 $58,595,191
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATING BALANCE SHEET (unaudited)
In thousands, as of December 31, 2022 PARENT & OTHER EWC CONSOLIDATED
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $— $139,000 $2,309,037
Notes payable and commercial paper:
Other 827,621 — 827,621
Accounts payable:
Associated companies (39,329) (3,352) —
Other 83 7,776 1,777,590
Customer deposits — — 424,723
Taxes accrued 2,887 13,960 424,091
Interest accrued 12,927 377 195,264
Pension and other postretirement liabilities — 15,497 104,845
Sale-leaseback/depreciation regulatory liability — — 103,497
Other 1,915 4,881 202,779
Total 806,104 178,139 6,369,447
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued (638,476) (466,674) 4,818,837
Accumulated deferred investment tax credits — — 211,220
Regulatory liability for income taxes - net — — 1,258,276
Other regulatory liabilities — — 2,324,590
Decommissioning and retirement cost liabilities — 615 4,271,531
Accumulated provisions — 291 531,201
Pension and other postretirement liabilities — 166,537 1,213,555
Long-term debt 4,157,166 — 23,623,512
Other (459,639) 44,144 688,720
Total 3,059,051 (255,087) 38,941,442
Subsidiaries' preferred stock without sinking fund — 24,249 219,410
EQUITY:
Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2022 - none — — —
Common stock, .01 par value, authorized 499,000,000 shares;
issued 279,653,929 shares in 2022 (2,657,052) 201,101 2,797
Paid-in capital (1,619,515) 5,557,901 7,632,895
Retained earnings 2,075,642 (5,078,562) 10,502,041
Accumulated other comprehensive income (loss) — (233,279) (191,754)
Less - treasury stock, at cost (68,477,429 shares in 2022) 4,858,994 — 4,978,994
Total common shareholders' equity (7,059,919) 447,161 12,966,985
Subsidiaries' preferred stock without sinking fund
and noncontrolling interest (3,750) — 97,907
Total (7,063,669) 447,161 13,064,892
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ($3,198,514) $394,462 $58,595,191

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED CASH FLOW STATEMENT (unaudited)
In thousands, for the years ended December 31, 2022 2021 2020
OPERATING ACTIVITIES:
Consolidated net income (loss) $1,097,138 $1,118,719 $1,406,653
Adjustments to reconcile consolidated net income (loss)
to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 2,190,371 2,242,944 2,257,750
Deferred income taxes, investment tax credits, and non-current taxes accrued (47,154) 248,719 (131,114)
Asset write-offs, impairments, and related charges (credits) (163,464) 263,599 26,379
Changes in working capital:
Receivables (157,267) (84,629) (139,296)
Fuel inventory 6,943 18,359 (27,458)
Accounts payable (102,013) 269,797 137,457
Taxes accrued 4,263 (21,183) 207,556
Interest accrued 4,113 (10,640) 7,662
Deferred fuel costs (393,746) (466,050) (49,484)
Other working capital accounts (157,235) (53,883) (143,451)
Changes in provisions for estimated losses 374,079 (85,713) (291,193)
Changes in other regulatory assets 576,859 (536,707) (784,494)
Changes in other regulatory liabilities (266,559) 43,631 238,669
Effects of securitization on regulatory asset (941,035) — —
Changes in pensions and other postretirement liabilities (699,261) (897,167) 50,379
Other 1,259,458 250,917 (76,149)
Net cash flow provided by operating activities 2,585,490 2,300,713 2,689,866
INVESTING ACTIVITIES:
Construction/capital expenditures (5,065,126) (6,087,296) (4,694,076)
Allowance for equity funds used during construction 72,832 70,473 119,430
Nuclear fuel purchases (223,613) (166,512) (215,664)
Payment for purchase of assets (106,193) (168,304) (247,121)
Net proceeds (payments) from sale of assets (1,195) 17,421 —
Insurance proceeds received for property damages 9,829 — —
Changes in securitization account 15,514 13,669 5,099
Payments to storm reserve escrow account (1,494,048) (25) (2,273)
Receipts from storm reserve escrow account 1,125,279 83,105 297,588
Decrease (increase) in other investments (3,328) 2,343 (12,755)
Litigation proceeds for reimbursement of spent nuclear fuel storage costs 32,367 49,236 72,711
Proceeds from nuclear decommissioning trust fund sales 1,636,686 5,553,629 3,107,812
Investment in nuclear decommissioning trust funds (1,708,901) (5,547,015) (3,203,057)
Net cash flow used in investing activities (5,709,897) (6,179,276) (4,772,306)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt 6,019,835 8,308,427 12,619,201
Treasury stock 32,042 5,977 42,600
Common stock 852,555 200,776 —
Retirement of long-term debt (5,995,903) (4,827,827) (8,152,378)
Changes in credit borrowings and commercial paper – net (373,556) (426,312) (319,238)
Capital contributions from noncontrolling interests 24,702 51,202 —
Proceeds from trust related to securitization 3,163,572 — —
Other 42,761 43,221 (7,524)
Dividends paid:
Common stock (841,677) (775,122) (748,342)
Preferred stock (18,319) (18,319) (18,502)
Net cash flow provided by financing activities 2,906,012 2,562,023 3,415,817
Net increase (decrease) in cash and cash equivalents (218,395) (1,316,540) 1,333,377
Cash and cash equivalents at beginning of period 442,559 1,759,099 425,722
--- --- --- ---
Cash and cash equivalents at end of period $224,164 $442,559 $1,759,099
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED CASH FLOW STATEMENT (unaudited)
$ thousands, for the years ended December 31, 2022 2021 2020
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized 901,884 843,228 803,923
Income taxes 28,354 98,377 (31,228)
CASH FLOW INFORMATION BY BUSINESS
--- --- --- ---
PARENT &
For the years ended December 31, 2022, 2021, and 2020 OTHER EWC CONSOLIDATED
( thousands)
2022
Net cash flow provided by (used in) operating activities (364,742) (80,842) 2,585,490
Net cash flow provided by (used in) investing activities 3,297,750 24,333 (5,709,897)
Net cash flow provided by (used in) financing activities (2,941,608) 9,729 2,906,012
2021
Net cash flow provided by (used in) operating activities (237,901) (107,577) 2,300,713
Net cash flow provided by (used in) investing activities (8,493) 39,530 (6,179,276)
Net cash flow provided by (used in) financing activities 201,628 11,038 2,562,023
2020
Net cash flow provided by (used in) operating activities 296,458 117,580 2,689,866
Net cash flow provided by (used in) investing activities (3,086) (100,598) (4,772,306)
Net cash flow provided by (used in) financing activities (252,386) (48,983) 3,415,817

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited)
Common Shareholders’ Equity
Accumulated
Other
Common Retained Comprehensive
( thousands) Stock Treasury Stock Paid-in Capital Earnings Income (Loss) Total
Balance at December 31, 2019 2,700 (5,154,150) 6,564,436 9,257,609 (446,920) 10,258,675
Implementation of accounting standards — — — (419) — (419)
Balance at January 1, 2020 2,700 (5,154,150) 6,564,436 9,257,190 (446,920) 10,258,256
Consolidated net income (loss) (a) — — — 1,388,334 — 1,406,653
Other comprehensive loss — — — — (2,287) (2,287)
Common stock issuances related to stock plans — 79,694 (14,513) — — 65,181
Common stock dividends declared — — — (748,342) — (748,342)
Preferred dividend requirements of subsidiaries (a) — — — — — (18,319)
Balance at December 31, 2020 2,700 (5,074,456) 6,549,923 9,897,182 (449,207) 10,961,142
Consolidated net income (loss) (a) — — — 1,118,492 — 1,118,719
Other comprehensive income — — — — 116,679 116,679
Common stock issuances and sales under the at the
market equity distribution program 20 — 204,194 — — 204,214
Common stock issuance costs — — (3,438) — — (3,438)
Common stock issuances related to stock plans — 34,757 15,560 — — 50,317
Common stock dividends declared — — — (775,122) — (775,122)
Capital contributions from noncontrolling interest — — — — — 51,202
Preferred dividend requirements of subsidiaries (a) — — — — — (18,319)
Balance at December 31, 2021 2,720 (5,039,699) 6,766,239 10,240,552 (332,528) 11,705,394
Consolidated net income (loss) (a) — — — 1,103,166 — 1,097,138
Other comprehensive income — — — — 140,774 140,774
Common stock issuances and sales under the at the
market equity distribution program 77 — 861,916 — — 861,993
Common stock issuance costs — — (9,438) — — (9,438)
Common stock issuances related to stock plans — 60,705 14,178 — — 74,883
Common stock dividends declared — — — (841,677) — (841,677)
Beneficial interest in storm trust — — — — — 31,636
Capital contributions from noncontrolling interest — — — — — 24,702
Distributions to noncontrolling interest — — — — — (2,194)
Preferred dividend requirements of subsidiaries (a) — — — — — (18,319)
Balance at December 31, 2022 2,797 (4,978,994) 7,632,895 10,502,041 (191,754) 13,064,892
(a) Consolidated net income and preferred dividend requirements of subsidiaries include 16 million for 2022, 2021, and 2020 of preferred dividends on subsidiaries’ preferred stock without
sinking fund that is not presented as equity.

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited)
In thousands, for the years ended December 31, 2022 2021 2020
NET INCOME (LOSS) $1,097,138 $1,118,719 $1,406,653
Other comprehensive income (loss)
Cash flow hedges net unrealized gain (loss)
(net of tax expense (benefit) of $—, ($7,935), and ($14,776) for 2022 to 2020, respectively) 1,035 (29,754) (55,487)
Pension and other postretirement liabilities
(net of tax expense (benefit) of $46,789, $55,161, and $5,600 for 2022 to 2020, respectively) 146,893 195,929 22,496
Net unrealized investment gains (losses)
(net of tax expense (benefit) of ($2,231), ($28,435), and $17,586 for 2022 to 2020, respectively) (7,154) (49,496) 30,704
Other comprehensive income (loss) 140,774 116,679 (2,287)
COMPREHENSIVE INCOME (LOSS) 1,237,912 1,235,398 1,404,366
Preferred dividend requirements of subsidiaries and noncontrolling interest (6,028) 227 18,319
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENTERGY CORPORATION $1,243,940 $1,235,171 $1,386,047
CONSOLIDATED CAPITAL EXPENDITURES
--- --- --- ---
HISTORICAL CAPITAL EXPENDITURES
($ millions) 2022 2021 2020
Utility
Generation $1,124 $1,134 $1,218
Transmission 891 831 978
Distribution 2,561 3,477 1,949
Other 481 636 522
Entergy Wholesale Commodities 9 9 26
Total Historical Capital Expenditures $5,066 $6,087 $4,694
ENTERGY CORPORATION SECURITIES DETAIL
--- --- --- --- --- --- --- ---
ENTERGY CORPORATION LONG-TERM DEBT CURRENT OR AS OF
MATURITY FIRST CALL FIRST CALL DECEMBER 31,
CUSIP RATE DATE DATE PRICE 2022 2021
2.97 % 06/27 (b) $150 $165
2.09 % 828 1,201
29364GAH6 4.00 % 07/22 Now MW (T+.30%) — 650
29364GAJ2 2.95 % 09/26 Now MW (T+.25%) 750 750
29364GAK9 3.75 % 06/50 Now MW (T+.40%) 600 600
29364GAL7 2.80 % 06/30 Now MW (T+.35%) 600 600
29364GAM5 0.90 % 09/25 Now MW (T+.125%) 800 800
29364GAN3 1.90 % 06/28 Now MW (T+.15%) 650 650
29364GAP8 2.40 % 06/31 Now MW (T+.20%) 650 650
$5,028 $6,066
(a) Entergy Corporation has a commercial paper program with a program limit of up to 2.0 billion.
(b) The maturity date was extended in June 2022.

All values are in US Dollars.

SECURITIES RATINGS (OUTLOOK)
ISSUER RATING CORPORATE CREDIT
As of 7/20/23 MOODY’S S&P
Entergy Corporation Baa2 (negative) BBB+ (stable)
AS OF
--- --- --- --- --- ---
INVESTMENT IN AFFILIATE PREFERRED MEMBERSHIP INTERESTS DECEMBER 31,
DESCRIPTION ISSUE DATE RATE 2022 2021
Between Entergy Louisiana and Entergy Holdings Co. LLC
Class A preferred non-voting membership interest units of Entergy Holdings Co. LLC July 2008 10.00 % $— $684
(0 units in 2022 and 6,843,780 units in 2021)
Class B preferred non-voting membership interest units of Entergy Holdings Co. LLC July 2010 9.00 % — 413
(0 units in 2022 and 4,126,940 units in 2021)
Class C preferred non-voting membership interest units of Entergy Holdings Co. LLC June 2014 7.50 % — 294
(0 units in 2022 and 2,935,153 units in 2021)
Between Entergy Louisiana's storm trust I and Entergy Finance Company, LLC
Class A preferred non-voting membership interest units of Entergy Finance Company, LLC (a) May 2022 7.00 % 3,164 —
(31,635,719 units in 2022 and 0 units in 2021)
$3,164 $1,391
(a) Distributions are payable annually and have a liquidation price of 100 per unit. The units are subject to periodic serial redemption and mandatory redemption
in certain specified circumstances.

All values are in US Dollars.

UTILITY SELECTED DATA
UTILITY QUARTERLY FINANCIAL METRICS
2022 2021 FY %
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
GAAP MEASURES
As-reported net income applicable to common stock/equity ($ millions) 340 153 672 241 1,407 357 326 570 238 1,490 (5.6)
ROE – as-reported (%)(a) 8.2 7.2 7.6 7.5 7.5 11.9 11.5 11.3 8.8 8.8 (14.4)
Debt to capital Ratio (%) 53.0 52.3 52.7 52.2 52.2 54.3 53.4 52.7 53.8 53.8 (3.0)
NON-GAAP MEASURES
Adjusted earnings ($ millions) 340 444 672 229 1,686 357 326 559 222 1,463 15.2
ROE – adjusted (%)(a) 8.0 8.7 9.1 9.0 9.0 9.4 9.1 8.9 8.6 8.6 4.9
Debt to capital ratio, excluding securitization debt (%) 53.0 51.9 52.3 51.9 51.9 54.1 53.2 52.5 53.7 53.7 (3.4)
Net debt to net capital ratio, excluding securitization debt (%) 52.4 51.4 51.3 51.7 51.7 52.8 52.6 51.7 53.3 53.3 (3.0)
(a) Rolling twelve months
UTILITY ANNUAL FINANCIAL METRICS
--- --- --- ---
2022 2021 2020
GAAP MEASURES
As-reported net income applicable to common stock/equity ($ millions) 1,407 1,490 1,800
ROE – as-reported (%)(a) 7.5 8.8 12.0
Debt to capital ratio (%) 52.2 53.8 53.3
NON-GAAP MEASURES
Adjusted earnings ($ millions) 1,686 1,463 1,423
ROE – adjusted (%)(a) 9.0 8.6 9.5
Debt to capital ratio, excluding securitization debt (%) 51.9 53.7 53.1
Net debt to net capital ratio, excluding securitization debt (%) 51.7 53.3 51.0
(a) Rolling twelve months
UTILITY SECURITIES RATINGS (OUTLOOK)
--- --- ---
MORTGAGE BONDS
As of 7/20/23 MOODY’S S&P
Entergy Arkansas, LLC A2 (stable) A (stable)
Entergy Louisiana, LLC A2 (stable) A (stable)
Entergy Mississippi, LLC A2 (stable) A (stable)
Entergy New Orleans, LLC Baa2 (stable) BBB (developing)
Entergy Texas, Inc. A3 (stable) A (stable)
System Energy Resources, Inc. Baa2 (negative) BBB (negative)
UTILITY HISTORICAL CAPITAL EXPENDITURES(a)
--- --- --- ---
($ millions) 2022 2021 2020
Entergy Arkansas 785 723 776
Entergy Louisiana 2,568 3,622 1,961
Entergy Mississippi 534 654 555
Entergy New Orleans 218 220 229
Entergy Texas 697 703 896
System Energy Resources 165 100 194
Other(b) 91 56 57
Total 5,057 6,078 4,668
(a) Historical capital expenditures include storm capital spending.
(b) Corresponds to Entergy Services, LLC and Entergy Operations, Inc.
UTILITY FINANCIAL RESULTS
--- --- --- --- --- --- --- --- ---
UTILITY CONSOLIDATING INCOME STATEMENT (unaudited)
OTHER/
In thousands, for the year ending December 31, 2022 E-AR E-LA E-MS E-NO E-TX SERI ELIMINATIONS(a) UTILITY
OPERATING REVENUES:
Electric $2,673,194 $6,246,933 $1,624,234 $855,248 $2,288,905 $658,812 ($1,160,442) $13,186,884
Natural gas — 91,835 — 142,085 — — — 233,920
Total 2,673,194 6,338,768 1,624,234 997,333 2,288,905 658,812 (1,160,442) 13,420,804
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 640,344 2,002,456 252,760 244,994 443,765 50,216 (141) 3,634,394
Purchased power 201,726 1,076,715 322,674 314,283 717,501 24,482 (1,179,260) 1,478,121
Nuclear refueling outage expenses 53,438 59,698 — — — — 24,482 137,618
Other operation and maintenance 754,293 1,139,605 314,902 156,653 312,340 226,557 (4,591) 2,899,759
Decommissioning 82,326 72,122 — — — 40,235 1,148 195,831
Taxes other than income taxes 136,565 241,908 137,541 63,743 101,673 29,428 5,702 716,560
Depreciation and amortization 386,272 695,204 246,063 76,938 230,692 111,889 (1,236) 1,745,822
Other regulatory charges (credits) – net (89,418) 148,871 38,017 19,596 49,175 503,162 — 669,403
Total 2,165,546 5,436,579 1,311,957 876,207 1,855,146 985,969 (1,153,896) 11,477,508
OPERATING INCOME 507,648 902,189 312,277 121,126 433,759 (327,157) (6,546) 1,943,296
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 17,787 26,252 6,125 829 13,527 8,312 — 72,832
Interest and investment income (loss) 19,554 (69,144) 508 742 4,141 5,096 185,071 145,968
Interest and investment income – affiliated — 185,826 — — — — (185,826) —
Miscellaneous – net (27,348) 9,824 (3,619) (21) (6,572) (19,616) (252) (47,604)
Total 9,993 152,758 3,014 1,550 11,096 (6,208) (1,007) 171,196
INTEREST EXPENSE:
Interest expense 150,928 373,480 86,960 34,829 95,454 37,381 (1,034) 777,998
Allowance for borrowed funds used during construction (7,070) (11,550) (2,800) (531) (4,547) (1,325) — (27,823)
Total 143,858 361,930 84,160 34,298 90,907 36,056 (1,034) 750,175
INCOME BEFORE INCOME TAXES 373,783 693,017 231,131 88,378 353,948 (369,421) (6,519) 1,364,317
Income taxes 80,896 (162,853) 54,864 24,277 50,621 (92,828) 10,760 (34,263)
NET INCOME 292,887 855,870 176,267 64,101 303,327 (276,593) (17,279) 1,398,580
Preferred dividend requirements of subsidiaries and noncontrolling interest (4,358) 1,366 (21,355) — 2,072 — 14,250 (8,025)
EARNINGS APPLICABLE TO
COMMON STOCK / EQUITY $297,245 $854,504 $197,622 $64,101 $301,255 ($276,593) ($31,529) $1,406,605
(a) Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc., and the elimination of intercompany transactions.
UTILITY FINANCIAL RESULTS
--- --- --- --- --- --- --- --- ---
UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
OTHER/
In thousands, as of December 31, 2022 E-AR E-LA E-MS E-NO E-TX SERI ELIMINATIONS(a) UTILITY
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $1,911 $50,318 $26 $27 $500 $78 $48,189 $101,049
Temporary cash investments 3,367 6,295 16,953 4,437 2,997 2,862 10,275 47,186
Total cash and cash equivalents 5,278 56,613 16,979 4,464 3,497 2,940 58,464 148,235
Securitization recovery trust account — — — 2,235 10,879 — (13,114) —
Accounts receivable:
Customer 140,513 339,291 99,504 93,288 115,955 — 1 788,552
Allowance for doubtful accounts (6,528) (7,595) (2,472) (11,909) (2,352) — — (30,856)
Associated companies 45,336 88,896 37,673 149,927 115,549 158,601 (587,991) 7,991
Other 101,096 53,241 34,564 6,110 21,587 6,145 1,009 223,752
Accrued unbilled revenues 116,816 199,077 73,473 37,284 69,208 — 1 495,859
Total accounts receivable 397,233 672,910 242,742 274,700 319,947 164,746 (586,980) 1,485,298
Deferred fuel costs 139,739 159,183 143,211 10,153 258,115 — — 710,401
Fuel inventory – at average cost 51,144 41,859 15,548 5,872 26,750 — 1 141,174
Materials and supplies – at average cost 288,260 555,860 84,346 22,498 93,031 135,346 3 1,179,344
Deferred nuclear refueling outage costs 56,443 53,833 — — — 33,377 — 143,653
Prepayments and other 26,576 76,646 9,603 6,312 20,568 9,097 42,140 190,942
Total 964,673 1,616,904 512,429 326,234 732,787 345,506 (499,486) 3,999,047
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates — 3,163,572 — — 250 — 12,407 3,176,229
Decommissioning trust funds 1,199,860 1,779,090 — — — 1,142,914 — 4,121,864
Non-utility property – at cost (less accumulated depreciation) — 293,406 4,512 1,050 376 — 58,419 357,763
Escrow accounts — 350,723 33,549 75,000 — — (57,317) 401,955
Other 2,414 19,679 910 675 18,975 — (499) 42,154
Total 1,202,274 5,606,470 38,971 76,725 19,601 1,142,914 13,010 8,099,965
UTILITY PLANT
Electric 14,077,844 27,498,136 7,079,849 1,934,837 7,409,461 5,425,449 1,009,565 64,435,141
Natural gas — 301,719 — 390,252 — — (1) 691,970
Construction work in progress 417,244 736,969 170,191 39,607 339,139 102,987 37,023 1,843,160
Nuclear fuel 176,174 212,941 — — — 193,004 — 582,119
Total utility plant 14,671,262 28,749,765 7,250,040 2,364,696 7,748,600 5,721,440 1,046,587 67,552,390
Less – accumulated depreciation and amortization 5,729,304 10,087,942 2,264,786 808,224 2,135,400 3,412,257 699,516 25,137,429
Utility plant – net 8,941,958 18,661,823 4,985,254 1,556,472 5,613,200 2,309,183 347,071 42,414,961
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets (includes securitization property
of $282,886 as of December 31, 2022) 1,810,281 2,056,179 519,460 202,112 578,682 415,121 454,562 6,036,397
Deferred fuel costs 68,883 168,122 — 4,080 — — — 241,085
Goodwill — — — — — — 374,099 374,099
Accumulated deferred income taxes — — — — — — 81,315 81,315
Other 18,507 35,057 22,650 46,778 99,694 1,422 (71,734) 152,374
Total 1,897,671 2,259,358 542,110 252,970 678,376 416,543 838,242 6,885,270
TOTAL ASSETS $13,006,576 $28,144,555 $6,078,764 $2,212,401 $7,043,964 $4,214,146 $698,837 $61,399,243
(a) Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc., and the elimination of intercompany transactions.
UTILITY FINANCIAL RESULTS
--- --- --- --- --- --- --- --- ---
UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
OTHER/
In thousands, as of December 31, 2022 E-AR E-LA E-MS E-NO E-TX SERI ELIMINATIONS(a) UTILITY
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $290,000 $1,010,000 $400,000 $170,000 $— $300,037 $— $2,170,037
Payable due to associated companies — — — 1,306 — — (1,306) —
Accounts payable:
Associated companies 276,362 356,688 60,532 53,258 70,321 21,701 (796,181) 42,681
Other 310,339 589,355 176,162 57,291 201,982 58,178 376,424 1,769,731
Customer deposits 102,799 161,666 89,668 31,826 38,764 — — 424,723
Taxes accrued 100,526 36,004 124,905 10,308 93,033 7,597 34,871 407,244
Interest accrued 18,816 101,336 18,208 8,080 23,928 11,591 1 181,960
Pension and other postretirement liabilities — — — — — — 89,348 89,348
Sale-leaseback/depreciation regulatory liability — — — — — 103,497 — 103,497
Other 43,394 72,525 38,908 6,560 16,963 4,071 13,562 195,983
Total 1,142,236 2,327,574 908,383 338,629 444,991 506,672 (283,281) 5,385,204
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued 1,498,234 2,374,878 780,030 385,259 744,227 376,070 (234,711) 5,923,987
Accumulated deferred investment tax credits 28,472 97,868 14,591 16,481 8,711 44,692 405 211,220
Regulatory liability for income taxes - net 435,157 337,836 202,058 39,738 132,647 110,840 — 1,258,276
Other regulatory liabilities 475,758 1,037,962 79,865 — 45,247 665,024 20,734 2,324,590
Decommissioning and asset retirement cost liabilities 1,472,736 1,736,801 7,797 — 11,121 1,042,461 — 4,270,916
Accumulated provisions 79,998 316,314 37,509 87,048 7,593 — 2,448 530,910
Pension and other postretirement liabilities 118,020 389,631 23,742 — — 40,750 474,875 1,047,018
Long-term debt (includes securitization bonds
of $292,761 as of December 31, 2022) 3,876,500 9,688,922 1,931,096 596,047 2,895,913 477,868 — 19,466,346
Long-term payable due to associated companies — — — 8,279 — — (8,279) —
Other 97,650 343,321 53,156 38,104 74,053 2 497,929 1,104,215
Total 8,082,525 16,323,533 3,129,844 1,170,956 3,919,512 2,757,707 753,401 36,137,478
Preferred stock without sinking fund — — — — — — 195,161 195,161
EQUITY:
Common stock or member's equity 3,753,990 9,406,343 2,037,190 702,816 49,452 1,086,850 (14,577,893) 2,458,748
Paid-in capital — — — — 1,050,125 — 2,644,384 3,694,509
Retained earnings (accumulated deficit) — — — — 1,541,134 (137,083) 12,100,910 13,504,961
Accumulated other comprehensive income (loss) — 55,370 — — — — (13,845) 41,525
Noncontrolling interest 27,825 31,735 3,347 — — — (62,907) —
Less – treasury stock, at cost — — — — — — 120,000 120,000
Total common shareholders' equity 3,781,815 9,493,448 2,040,537 702,816 2,640,711 949,767 (29,351) 19,579,743
Preferred stock without sinking fund — — — — 38,750 — 62,907 101,657
Total 3,781,815 9,493,448 2,040,537 702,816 2,679,461 949,767 33,556 19,681,400
TOTAL LIABILITIES AND EQUITY $13,006,576 $28,144,555 $6,078,764 $2,212,401 $7,043,964 $4,214,146 $698,837 $61,399,243
(a) Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc., and the elimination of intercompany transactions.
UTILITY FINANCIAL RESULTS
--- --- --- ---
UTILITY SELECTED ANNUAL FINANCIAL METRICS
2022 2021 2020
ENTERGY ARKANSAS, LLC
As-Reported Earnings Applicable to Member's Equity ($ millions) 297 317 245
Less Adjustments ($ millions) — (3) 6
Adjusted Earnings ($ millions) 297 320 239
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 8.1 9.3 7.7
Debt to Capital (%) 52.5 52.6 54.8
Total Debt ($ millions) 4,180 3,974 3,980
Total Equity ($ millions) 3,754 3,543 3,276
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 8.1 9.4 7.5
Total Debt, excluding securitization debt ($ millions) 4,180 3,974 3,980
Debt to Capital, excluding securitization debt (%) 52.5 52.6 54.8
Net Debt to Net Capital, excluding securitization debt (%) 52.5 52.6 53.6
ENTERGY LOUISIANA, LLC
As-Reported Earnings Applicable to Member's Equity ($ millions) 855 654 1,082
Less Adjustments ($ millions) 117 17 383
Adjusted Net Income ($ millions) 738 637 699
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 9.7 8.4 15.6
Debt to Capital (%) 53.0 57.2 54.8
Total Debt ($ millions) 10,717 10,933 9,044
Total Equity ($ millions) 9,462 8,181 7,458
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 8.4 8.1 10.1
Total Debt, excluding securitization debt ($ millions) 10,717 10,933 9,034
Debt to Capital, excluding securitization debt (%) 53.0 57.2 54.8
Net Debt to Net Capital, excluding securitization debt (%) 52.9 57.2 52.7
UTILITY FINANCIAL RESULTS
--- --- --- ---
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
2022 2021 2020
ENTERGY MISSISSIPPI, LLC
As-Reported Earnings Applicable to Member's Equity ($ millions) 198 167 141
Less Adjustments ($ millions) — — 4
Adjusted Earnings ($ millions) 198 167 137
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 10.2 9.5 8.7
Debt to Capital (%) 53.4 54.3 51.7
Total Debt ($ millions) 2,340 2,189 1,788
Total Equity ($ millions) 2,037 1,840 1,673
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 10.2 9.5 8.5
Net Debt to Net Capital (%) 53.2 53.8 51.7
ENTERGY NEW ORLEANS, LLC
As-Reported Net Income ($ millions) 64 32 49
Less Adjustments ($ millions) — 2 (1)
Adjusted Earnings ($ millions) 64 30 50
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 9.6 5.1 8.9
Debt to Capital (%) 52.6 55.4 51.5
Total Debt ($ millions) 780 792 646
Total Equity ($ millions) 703 639 607
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 9.6 4.9 9.1
Total Debt, excluding securitization debt ($ millions) 762 763 604
Debt to Capital, excluding securitization debt (%) 52.0 54.4 49.9
Net Debt to Net Capital, excluding securitization debt (%) 51.9 53.0 49.9
ENTERGY TEXAS, INC.
As-Reported Earnings Applicable to Common Stock ($ millions) 301 227 213
Less Adjustments ($ millions) 13 — 2
Adjusted Net Income ($ millions) 288 227 211
GAAP MEASURES
ROE – As-Reported (%) 11.8 9.9 11.0
Debt to Capital (%) 52.0 48.7 53.7
Total Debt ($ millions) 2,904 2,362 2,499
Total Preferred ($ millions) 39 39 35
Total Common Equity ($ millions) 2,641 2,444 2,123
NON-GAAP MEASURES
ROE – Adjusted (%) 11.3 9.9 10.9
Total Debt, excluding securitization debt ($ millions) 2,629 2,308 2,376
Debt to Capital, excluding securitization debt (%) 49.5 48.2 52.4
Net Debt to Net Capital, excluding securitization debt (%) 49.5 48.2 49.7
UTILITY FINANCIAL RESULTS
--- --- --- ---
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
2022 2021 2020
SYSTEM ENERGY RESOURCES, INC.
As-Reported Net Income/(Loss) ($ millions) (277) 107 99
Less Adjustments ($ millions) (402) — (16)
Adjusted Earnings ($ millions) 125 107 115
GAAP MEASURES
ROE – As-Reported (%) (27.1) 9.8 11.1
Debt to Capital (%) 45.0 40.4 42.7
Total Debt ($ millions) 778 741 805
Total Equity ($ millions) 950 1,091 1,081
NON-GAAP MEASURES
ROE – Adjusted (%) 12.2 9.8 12.8
Net Debt to Net Capital (%) 44.9 37.4 34.2
UTILITY STATISTICAL INFORMATION
--- --- --- --- --- --- ---
WEATHER ANALYSIS
Entergy reports estimated impact of weather on retail sales and revenue, earnings, and earnings per share. The
effects of weather were estimated using heating degree days and cooling degree days for the period from certain
locations within each jurisdiction and comparing to “normal” weather based on 20-year historical data. The models
used to estimate weather are updated periodically and are subject to change.
Entergy uses a proprietary model to calculate degree days. For analysis purposes, we are providing degree days
from Bloomberg, which is a reasonable proxy for Entergy's proprietary model.
Cooling degree days and heating degree days can have varying impacts depending on the geographical location
and/or the season.
Note that extreme weather events, such as a polar vortex or hurricane, can impact weather estimates.
Degree days are estimated weighting data from the following weather stations:
Total Utility E-AR E-LA E-MS E-NO E-TX
BPT (Beaumont, TX) 8% 47%
BTR (Baton Rouge, LA) 9% 25%
IAH (Houston, TX) 9% 53%
JAN (Jackson, MS) 12% 76%
LCH (Lake Charles, LA) 5% 14%
LIT (Little Rock, AR) 24% 100%
MEM (Memphis, TN) 4% 24%
BQP (Bastrop, LA) 7% 18%
MSY (New Orleans, LA) 23% 44% 100%
"Normal" is defined as 65 degrees; 20-year "normal" degree days by quarter are as follows:
1Q 2Q 3Q 4Q
Total Utility
Cooling degree days 89 926 1,533 245
Heating degree days 1,079 75 1 720
E-AR
Cooling degree days 24 732 1,406 107
Heating degree days 1,609 148 3 1,102
E-LA
Cooling degree days 117 1,006 1,585 302
Heating degree days 858 44 - 559
E-MS
Cooling degree days 51 798 1,421 160
Heating degree days 1,307 109 1 894
E-NO
Cooling degree days 146 1,095 1,650 369
Heating degree days 696 23 - 428
E-TX
Cooling degree days 131 1,078 1,657 348
Heating degree days 751 30 - 485
UTILITY STATISTICAL INFORMATION
--- --- --- --- --- --- --- --- --- --- ---
WEATHER ANALYSIS
2022 2021
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY
Total Utility
Cooling degree days (source: Bloomberg) 65 1,066 1,549 232 103 844 1,491 338
Cooling degree days vs. 20-year average (24) 140 15 (14) 15 (82) (42) 92
Heating degree days (source: Bloomberg) 1,164 57 1 742 1,186 105 1 491
Heating degree days vs. 20-year average 85 (18) - 22 107 30 - (229)
Estimated impact on sales (GWh) 350 911 238 4 1,503 414 (238) (195) (410) (429)
Estimated impact on earnings (after-tax $M) 16 50 20 - 86 23 (15) (9) (21) (21)
E-AR
Cooling degree days (source: Bloomberg) 15 831 1,540 114 8 592 1,378 161
Cooling degree days vs vs. 20-year average (10) 99 133 7 (16) (140) (29) 54
Heating degree days (source: Bloomberg) 1,588 125 1 1,119 1,821 217 4 839
Heating degree days vs vs. 20-year average (21) (23) (1) 17 211 69 2 (263)
Estimated impact on sales (GWh) (52) 162 257 39 406 138 (96) (38) (86) (82)
Estimated impact on earnings (after-tax $M) (4) 10 19 3 28 8 (7) (3) (4) (6)
E-LA
Cooling degree days (source: Bloomberg) 90 1,136 1,529 279 150 941 1,520 399
Cooling degree days vs vs. 20-year average (27) 130 (56) (23) 32 (65) (65) 97
Heating degree days (source: Bloomberg) 984 32 1 588 932 61 - 363
Heating degree days vs vs. 20-year average 126 (12) 1 29 74 17 - (196)
Estimated impact on sales (GWh) 137 390 (38) (41) 449 152 (89) (63) (128) (127)
Estimated impact on earnings (after-tax $M) 6 19 (1) (3) 22 7 (4) (2) (6) (5)
E-MS
Cooling degree days (source: Bloomberg) 37 913 1,422 119 76 708 1,392 255
Cooling degree days vs vs. 20-year average (14) 115 1 (41) 26 (90) (29) 95
Heating degree days (source: Bloomberg) 1,406 90 2 868 1,370 130 1 636
Heating degree days vs vs. 20-year average 99 (19) 1 (27) 63 22 - (258)
Estimated impact on sales (GWh) 84 123 (19) (24) 164 34 (57) (42) (69) (134)
Estimated impact on earnings (after-tax $M) 4 6 (1) (1) 9 2 (3) (2) (4) (7)
E-NO
Cooling degree days (source: Bloomberg) 123 1,253 1,580 346 179 1,088 1,680 474
Cooling degree days vs vs. 20-year average (22) 159 (70) (23) 33 (6) 30 105
Heating degree days (source: Bloomberg) 774 9 - 445 720 27 - 238
Heating degree days vs vs. 20-year average 77 (14) - 17 23 4 - (191)
Estimated impact on sales (GWh) 29 55 (17) 1 68 34 1 17 (27) 25
Estimated impact on earnings (after-tax $M) 2 4 (1) - 4 2 - 1 (2) 1
E-TX
Cooling degree days (source: Bloomberg) 86 1,315 1,714 355 131 1,015 1,604 478
Cooling degree days vs vs. 20-year average (45) 237 56 7 - (63) (53) 130
Heating degree days (source: Bloomberg) 887 7 - 547 855 52 - 245
Heating degree days vs vs. 20-year average 137 (23) - 62 105 21 - (240)
--- --- --- --- --- --- --- --- --- --- ---
Estimated impact on sales (GWh) 152 181 54 30 416 56 2 (69) (100) (111)
Estimated impact on earnings (after-tax $M) 7 10 4 1 23 4 (1) (3) (5) (5)
UTILITY SECURITIES DETAIL
--- --- --- --- --- --- --- --- --- ---
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY ARKANSAS, LLC
BONDS: BOND MATURITY FIRST CALL CURRENT OR AS OF DECEMBER 31,
CUSIP TYPE RATE DATE DATE FIRST CALL PRICE 2022 2021
( millions)
29364DAR1 Mortgage 3.05 % 6/23 Now MW (T + .20%) $250 $250
29364DAS9 Mortgage 3.70 % 6/24 Now MW (T + .15%) 375 375
29364DAU4 Mortgage 3.50 % 4/26 Now MW (T + .20%) 600 600
29364DAV2 Mortgage 4.00 % 6/28 Now MW (T + .20%) 350 350
29364DAT7 Mortgage 4.95 % 12/44 Now MW (T + .30%) 250 250
29366MAA6 Mortgage 4.20 % 4/49 Now MW (T + .20%) 550 350
29364D100 Mortgage 4.88 % 9/66 Now 100 % 410 410
29366MAB4 Mortgage 2.65 % 6/51 Now MW (T + .20%) 675 675
29366MAC2 Mortgage 3.35 % 6/52 Now MW (T + .20%) 400 400
3,860 3,660
OTHER LONG-TERM DEBT:
76824*AW4 3.17 % 12/23 Now MW (T + .50%) 40 40
76824*AX2 1.84 % 7/26 Now MW (T + .50%) 90 90
2.62 % 6/25 — 5
195 192
13 3
(33) (33)
2 2
TOTAL LONG-TERM DEBT 4,167 3,959
Less Amount Due Within One Year 290 —
Long-Term Debt Excluding Amount Due Within One Year $3,877 $3,959
Fair Value of Long-Term Debt(b) $3,539 $4,177
Weighted-average annualized coupon rate (c) 3.7% 3.6%
(a) 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.
(b) The fair value excludes long-term DOE obligations at Entergy Arkansas and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 196 of 2022 10K)
and are based on prices derived from inputs such as benchmark yields and reported trades.
(c) Rate calculation only includes Bonds and Variable Interest Entities notes

All values are in US Dollars.

ENTERGY UTILITY HOLDING COMPANY, LLC
SHARES
AUTHORIZED AND OUTSTANDING
PREFERRED STOCK: AS OF DECEMBER 31, AS OF DECEMBER 31,
CUSIP 2022 2021 2022 2021
( millions)
% 110,000 110,000 $107 $107
% 15,000 15,000 14 14
% 75,000 75,000 73 73
200,000 200,000 $195 $195
Note: Dollar amount outstanding is net of preferred stock issuance costs.

All values are in US Dollars.

UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY LOUISIANA, LLC
BONDS: MATURITY FIRST CALL CURRENT OR AS OF DECEMBER 31,
CUSIP RATE DATE DATE FIRST CALL PRICE 2022 2021
( millions)
29364WAR9 3.30 % 12/22 Now MW (T + .25%) $— $200
29364WAS7 4.05 % 9/23 Now MW (T + .20%) 325 325
29365PAP7 5.59 % 10/24 Now MW (T + .40%) 300 300
29364WAK4 5.40 % 11/24 Now MW (T + .35%) 400 400
29365PAR3 3.78 % 04/25 Now MW (T + .20%) 110 110
29364WAU2 3.78 % 04/25 Now MW (T + .20%) 190 190
29364WAM0 4.44 % 1/26 Now MW (T + .30%) 250 250
29364WAY4 2.40 % 10/26 Now MW (T + .15%) 400 400
29364WAZ1 3.12 % 9/27 Now MW (T + .15%) 450 450
29364WAW8 3.25 % 04/28 Now MW (T + .25%) 425 425
29364WAX6 3.05 % 6/31 Now MW (T + .25%) 325 325
29364WBA5 4.00 % 3/33 Now MW (T + .20%) 750 750
29364WAT5 5.00 % 7/44 Now MW (T + .25%) 170 170
29364WAV0 4.95 % 1/45 Now MW (T + .30%) 450 450
29364WBB3 4.20 % 9/48 Now MW (T + .20%) 900 900
29364WBC1 4.20 % 4/50 Now MW (T + .20%) 525 525
29364W108 4.88 % 9/66 Now 100% 270 270
29364WBD9 2.90 % 3/51 Now MW (T +.20%) 650 650
29364WBF4 0.62 % 45253 Now 100% 665 1,100
29364WBE7 1.60 % 12/30 Now MW (T +.15%) 300 300
29364WBH0 2.35 % 6/32 Now MW (T +.15%) 500 500
29364WBJ6 3.10 % 6/41 Now MW (T +.15%) 500 500
29364WBK3 0.95 % 10/24 Now 100% 1,000 1,000
29364WBL1 4.75 % 9/52 3/15/52 MW (T + .25%) 500 —
54628CUG5 2.00 % 6/30 4/1/26 100% 16 16
54628CUH3 2.50 % 4/36 4/1/26 100% 182 182
$10,554 $10,689
OTHER LONG-TERM DEBT:
7.75 % 6/27 50 125
76822*AN6 3.22 % 12/23 Now MW (T + .50%) 20 20

All values are in US Dollars.

76803@AU1 2.51% Series V - Variable Interest Entity Note Payable 2.51 % 6/27 Now MW (T + .50%) 70 70
Credit Facility – Variable Interest Entity – River Bend 2.17 % 6/23 13 43
Credit Facility – Variable Interest Entity – Waterford 2.74 % 6/23 61 40
Unamortized Premium and Discount – Net (8) (8)
Unamortized Debt Issuance Costs (64) (68)
Other 4 4
TOTAL LONG-TERM DEBT 10,699 10,914
Less Amount Due Within One Year 1,010 200
Long-Term Debt Excluding Amount Due Within One Year $9,689 $10,714
Fair Value of Long-Term Debt(c) $9,445 $11,493
Weighted-average annualized coupon rate (d) 3.3% 3.1%
(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) The bonds are secured by a series of collateral first mortgage bonds.
(c) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 196 of 2022 10-K) and are based on prices derived from inputs such as benchmark yields
and reported trades.
(d) Rate calculation only includes Bonds and Variable Interest Entities notes
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
--- --- --- --- --- --- --- --- ---
ENTERGY MISSISSIPPI, LLC
BONDS: BOND MATURITY FIRST CALL CURRENT OR AS OF DECEMBER 31,
CUSIP TYPE RATE DATE DATE FIRST CALL PRICE 2022 2021
( millions)
29364NAR9 Mortgage 3.10 % 7/23 Now MW (T + .25%) 250 250
29364NAS7 Mortgage 3.75 % 7/24 Now MW (T + .15%) 100 100
29364NAU2 Mortgage 3.25 % 12/27 Now MW (T + .15%) 150 150
29364NAT5 Mortgage 2.85 % 6/28 Now MW (T + .20%) 375 375
29365*AA6 Mortgage 4.52 % 12/38 Now MW (T + .50%) 55 55
29366WAA4 Mortgage 3.85 % 6/49 Now MW (T + .20%) 435 435
29364N108 Mortgage 4.90 % 10/66 Now 100% 260 260
29366WAB2 Mortgage 3.50 % 6/51 Now MW (T + .35%) 370 370
29366WAC0 Mortgage 2.55 % 12/33 Now MW (T + .20%) 200 200
2,195 2,195
OTHER LONG-TERM DEBT:
4.08 % 12/23 150 —
6 6
(20) (21)
TOTAL LONG-TERM DEBT 2,331 2,180
Less Amount Due Within One Year 400 —
Long-Term Debt Excluding Amount Due Within One Year 1,931 2,180
Fair Value of Long-Term Debt(a) 1,987 2,346
Weighted-average annualized coupon rate (b) 3.5 3.5
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 196 of 2022 10-K) and are based on prices derived from inputs such as benchmark yields
and reported trades.
(b) Rate calculation only includes Bonds

All values are in US Dollars.

ENTERGY NEW ORLEANS, LLC
BONDS: BOND MATURITY FIRST CALL CURRENT OR AS OF DECEMBER 31,
CUSIP TYPE RATE DATE DATE FIRST CALL PRICE 2022 2021
( millions)
29364PAN3 Mortgage 3.90 % 07/23 Now MW (T + .30%) 100 100
29364PAP8 Mortgage 4.00 % 6/26 Now MW (T + .35%) 85 85
29365@AA4 Mortgage 4.51 % 9/33 Now MW (T + .50%) 60 60
29364P509 Mortgage 5.00 % 12/52 Now 100 % 30 30
29364P103 Mortgage 5.50 % 4/66 Now 100 % 110 110
29365@AB2 Mortgage 3.00 % 3/25 Now MW (T + .50%) 78 78
29365@AC0 Mortgage 3.75 % 3/40 Now MW (T + .50%) 62 62
29365@AD8 Mortgage 4.19 % 11/31 Now MW (T + .50%) 90 90
29365@AE6 Mortgage 4.51 % 11/36 Now MW (T + .50%) 70 70
685 685
OTHER LONG-TERM DEBT:
29277VAA4 2.67 % 6/27 19 31
2.50 % 5/23 70 70
11/35 10 11
— —
(8) (9)
TOTAL LONG-TERM DEBT 776 788
Less Amount Due Within One Year 171 1
Long-Term Debt Excluding Amount Due Within One Year 604 787
Fair Value of Long-Term Debt(a) 708 766
Weighted-average annualized coupon rate (b) 4.1 4.2
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 196 of 2022 10-K) and are based on prices derived from inputs such as benchmark yields
and reported trades.
(b) Rate calculation only includes Bonds and Securitization Bonds

All values are in US Dollars.

UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY TEXAS, INC.
BONDS: BOND MATURITY FIRST CALL CURRENT OR AS OF DECEMBER 31,
CUSIP TYPE RATE DATE DATE FIRST CALL PRICE 2022 2021
( millions)
29365TAF1 Mortgage 3.45 % 12/27 Now MW (T + .20%) 150 150
29365TAG9 Mortgage 4.00 % 3/29 Now MW (T + .25%) 300 300
29365TAH7 Mortgage 4.50 % 3/39 Now MW (T + .25%) 400 400
29365TAD6 Mortgage 5.15 % 6/45 Now MW (T + .35%) 250 250
29365TAJ3 Mortgage 3.55 % 9/49 Now MW (T + .20%) 475 475
29365TAK0 Mortgage 1.75 % 3/31 Now MW (T + .20%) 600 600
29365TAL8 Mortgage 1.50 % 9/26 Now MW (T + .15%) 130 130
29365TAM6 Mortgage 5.00 % 9/52 Now MW (T + .30%) 325 —
2,630 2,305
OTHER LONG-TERM DEBT:
29365KAC7 4.38 % 11/23 — 54
3.05 % 12/28 88 —
3.70 % 12/36 191 —
12 14
(24) (19)
TOTAL LONG-TERM DEBT 2,896 2,354
Less Amount Due Within One Year — —
Long-Term Debt Excluding Amount Due Within One Year 2,896 2,354
Fair Value of Long-Term Debt(a) 2,486 2,484
Weighted-average annualized coupon rate (b) 3.6 3.4
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 196 of 2022 10-K) and are based on prices derived from inputs such as benchmark
yields and reported trades.
(b) Rate calculation only includes Bonds and Securitization Bonds

All values are in US Dollars.
PREFERRED STOCK: AS OF DECEMBER 31, AS OF DECEMBER 31,
CUSIP 2022 2021 2022 2021
( millions)
29365T302 % 1,400,000 1,400,000 $35 $35
N/A % 150,000 150,000 4 4
1,550,000 1,550,000 $39 $39

All values are in US Dollars.

SYSTEM ENERGY RESOURCES, INC.
BONDS: BOND MATURITY FIRST CALL CURRENT OR AS OF DECEMBER 31,
CUSIP TYPE RATE DATE DATE FIRST CALL PRICE 2022 2021
( millions)
605279MG0 Governmental(a) 2.50 % 4/22 Now 100 % — 50
605279MK1 Governmental(a) 2.38 % 6/44 6/26 100 % 84 84
871911AS2 Mortgage 4.10 % 4/23 Now MW (T + 0.40%) 250 250
871911AT0 Mortgage 2.14 % 12/25 Now MW (T + 0.30%) 200 200
534 584
OTHER LONG-TERM DEBT:
3.72 % 11/23 50
76823#AU5 2.05 % 9/27 90 90
2.77 % 6/25 73 36
361561AA1 5.13 % 9/27 34 34
— —
(3) (3)
TOTAL LONG-TERM DEBT 778 741
Less Amount Due Within One Year 300 50
Long-Term Debt Excluding Amount Due Within One Year 478 691
Fair Value of Long-Term Debt(b) 702 743
Weighted-average annualized coupon rate (c) 3.0 2.9
(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) The fair value excludes lease obligations of 34 million at System Energy and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 196 of 2022 10K) and
and are based on prices derived from inputs such as benchmark yields and reported trades.
(c) Rate calculation only includes Bonds and Variable Interest Entities notes

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
UTILITY OWNED AND LEASED CAPABILITY
As of December 31, 2022 PLANTS UNITS (MW)(a)
Plants that use fuel type:
Gas and Oil 25 55 16,471
Coal 4 6 2,091
Hydro 2 5 73
Nuclear 4 5 5,211
Solar 9 9 229
Total 44 80 24,075
(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
--- --- --- ---
2022 2021 2020
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 69,663 61,828 60,734
Coal 7,644 7,693 4,169
Nuclear 38,149 41,352 37,807
Hydro 142 177 209
Solar 372 36 6
Total Net Generation 115,970 111,086 102,925
Purchased Power:
Affiliated Companies — — —
Non-affiliated Companies 24,779 24,709 26,651
Total Purchased Power 24,779 24,709 26,651
Total Sources of Energy 140,749 135,795 129,576
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 37,134 35,230 35,173
Commercial 27,982 26,800 26,465
Industrial 52,501 49,866 47,117
Governmental 2,512 2,426 2,415
Total Retail 120,129 114,322 111,170
Sales for Resale 15,968 16,656 13,658
Unbilled Energy(a) — — 40
Total Electric Energy Sales 136,097 130,978 124,868
Line Losses and Company Usage 4,324 4,828 4,709
Total Uses of Energy 140,421 135,806 129,577
Electric Energy Sales (Weather Adjusted)(GWh):
Residential 35,958 35,724 36,396
Commercial 27,701 26,866 26,639
Industrial 52,549 49,820 47,117
Governmental 2,493 2,437 2,399
Total Weather Adjusted Sales 118,701 114,847 112,551
Peak Demand (MW) 22,301 22,051 21,340
Operational Summer Capacity at Peak (MW) 26,208 26,827 25,665
Annual System Load Factor (%) 64 62 62
Retail Electric Sales Growth Rate (%) 5.1 3.2 (4.1)
Retail Electric Sales Weather-Adjusted Growth Rate (%) 3.4 2.0 (2.1)
Average Fuel Cost (cents/KWh)
Natural Gas 5.27 3.75 1.92
Nuclear Fuel 0.57 0.56 0.57
Coal 2.89 2.48 2.54
Renewables 7.00 9.07 8.28
Purchased Power 6.54 4.76 3.35
MISO Purchases 5.95 4.08 2.48
(a) Electric Energy Sales include Unbilled Energy beginning in 2021.
Certain prior year data has been reclassified to conform with current year presentation.
UTILITY STATISTICAL INFORMATION
--- --- --- --- --- --- --- --- --- ---
2022 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION
E-LA E-MS E-NO E-TX SERI ELIMINATIONS UTILITY %
ELECTRIC OPERATING REVENUES ( thousands)
Residential 1,775,552 651,455 335,473 930,842 — — 4,640,041 35 %
Commercial 1,274,665 508,996 256,963 516,539 — — 3,087,676 23 %
Industrial 2,275,978 182,270 36,970 661,693 — — 3,716,058 28 %
Governmental 94,910 52,861 87,514 31,134 — — 286,606 2 %
Total Retail 5,421,105 1,395,582 716,920 2,140,208 — — 11,730,380 89 %
Sales for Resale 555,640 167,867 120,851 66,782 659,018 (1,155,070) 858,772 7 %
Other 270,188 60,808 17,729 81,914 (205) (5,730) 597,732 5 %
Total Electric Operating Revenues 6,246,933 1,624,257 855,499 2,288,904 658,812 (1,160,800) 13,186,884 100 %
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 34,996 10,855 3,475 10,760 — — 69,663 49 %
Coal 1,493 1,118 — 1,104 — — 7,644 5 %
Nuclear 16,104 — — — 7,739 — 38,149 27 %
Hydro — — — — — — 142 — %
Solar — 105 42 — — — 372 — %
Total Net Generation 52,593 12,078 3,517 11,864 7,739 — 115,970 82 %
Purchased Power:
Affiliated Companies 2,047 3,092 4,076 3,340 — (15,341) — —
Non-affiliated Companies 13,316 1,578 546 7,836 — — 24,779 18 %
Total Purchased Power 15,363 4,670 4,622 11,176 — (15,341) 24,779 18 %
Total Sources of Energy 67,955 16,748 8,139 23,040 7,739 (15,341) 140,749 100 %
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 14,119 5,679 2,410 6,779 — — 37,134 31 %
Commercial 10,927 4,586 2,096 4,758 — — 27,982 23 %
Industrial 31,666 2,359 411 9,572 — — 52,501 44 %
Governmental 820 414 789 271 — — 2,512 2 %
Total Retail 57,532 13,038 5,706 21,380 — — 120,129 100 %
Sales for Resale 8,839 2,914 2,298 1,092 7,739 (15,341) 15,968 —
Total Electric Energy Sales 66,371 15,952 8,004 22,472 7,739 (15,341) 136,097 —
Line Losses and Company Usage 1,584 693 135 568 — — 4,324 —
Total Uses of Energy 67,955 16,645 8,139 23,040 7,739 (15,341) 140,421 —
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 12.58 11.47 13.92 13.73 — — 12.50 —
Commercial 11.67 11.10 12.26 10.86 — — 11.03 —
Industrial 7.19 7.73 9.00 6.91 — — 7.08 —
Governmental 11.57 12.77 11.09 11.49 — — 11.41 —
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2022)
Residential 949,259 383,955 188,016 438,933 — — 2,564,646 85 %
Commercial 132,659 67,043 18,784 52,305 — — 371,407 12 %
Industrial 11,165 4,201 1,765 6,179 — — 47,711 2 %
Governmental 8,334 5,163 1,943 2,060 — — 18,304 1 %
Total 1,101,417 460,362 210,508 499,477 — — 3,002,068 100 %

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY ARKANSAS, LLC
2021 2020
ELECTRIC OPERATING REVENUES ( thousands)
Residential 882,773 841,162
Commercial 480,401 466,273
Industrial 496,661 461,907
Governmental 19,112 18,011
Total Retail 1,878,948 1,787,352
Sales for Resale 311,791 173,115
Other 147,852 124,026
Total Electric Operating Revenues 2,338,591 2,084,494
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 7,654 6,358
Coal 4,795 2,719
Nuclear 13,531 15,058
Hydro 177 209
Solar — —
Total Net Generation 26,157 24,344
Purchased Power:
Affiliated Companies 3,814 2,105
Non-affiliated Companies 1,805 1,533
Total Purchased Power 5,619 3,638
Total Sources of Energy 31,775 27,982
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 8,054 7,584
Commercial 5,492 5,356
Industrial 8,508 7,586
Governmental 225 223
Total Retail 22,280 20,748
Sales for Resale 8,404 5,856
Unbilled Energy (189) —
Total Electric Energy Sales 30,494 26,604
Line Losses and Company Usage 1,280 1,378
Total Uses of Energy 31,775 27,983
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.96 11.09
Commercial 8.75 8.71
Industrial 5.84 6.09
Governmental 8.49 8.08
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2022)
Residential 601,511 600,286
Commercial 100,595 95,810
Industrial 25,718 25,134
Governmental 774 696
Total 728,598 721,926

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY ARKANSAS, LLC
GENERATION PORTFOLIO
TOTAL PLANT – 2022
OWNED AND AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Lake Catherine 4 100 % 1970 522 Gas/Oil Peaking 11,560 1 281 145,033 201,480 170.3 34,317
Ouachita 1 100 % 2002 243 Gas Intermediate 7,208 4 91 719,513 Dry LNB, SCR 2,889,736 50.8 146,833
2 100 % 2002 237 Gas Intermediate 3 77 602,942 Dry LNB, SCR
Hot Spring 1 100 % 2002 593 Gas Intermediate 7,341 7 124 1,471,261 Dry LNB, SCR 3,358,595 51.7 173,528
Independence 1 31.5 % 1983 259 Coal Base 10,592 2,487 937 1,137,035 7 LNB w/Sep OFA, ESP, ACI 938,201 36.1 33,830
White Bluff 1 57 % 1980 466 Coal Base 10,783 4,320 1,439 1,891,628 11 LNB w/Sep OFA, ESP, ACI 1,577,762 39.1 116,830
2 57 % 1981 468 Coal Base 3,637 1,275 1,666,353 8 LNB w/Sep OFA, ESP, ACI 1,413,862
Carpenter 1 100 % 1932 31 Hydro Peaking 111,929 19.0 2,125
2 100 % 1932 30 Hydro Peaking
Remmel 1 100 % 1925 4 Hydro Peaking 30,714 50.0 1,537
2 100 % 1925 4 Hydro Peaking
3 100 % 1925 4 Hydro Peaking
Union Power Station 2 100 % 2003 496 Gas Intermediate 7,243 7 135 1,346,912 Dry LNB, SCR 3,127,273 51.0 159,349
Arkansas 1 100 % 1974 833 Nuclear PWR(c) Base N/A 5,539,977 22.8 326,156
Nuclear One 2 100 % 1980 989 Nuclear PWR(c) Base N/A 8,767,133
Searcy Solar (+Battery) 1 100 % 2022 100 (10(d)) Solar Non-dispatchable 224,589 5.8 1,293
Total 5,276 10,465 4,360 8,980,676 25 28,181,252 35.3 995,798
(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) Installed NOx, particulate matter and mercury emission control devices as stated in the EPA Monitoring Plans and operational: 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 and Activated Carbon Injection (ACI). Currently have no SO2 or CO2 control equipment operating on any unit.
(c) Pressurized Water Reactor.
(d) MW amount equals the capacity rating of the battery.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY LOUISIANA, LLC
2021 2020
ELECTRIC OPERATING REVENUES ( thousands)
Residential 1,484,612 1,270,187
Commercial 1,055,825 886,548
Industrial 1,771,311 1,314,234
Governmental 82,503 68,901
Total Retail 4,394,252 3,539,870
Sales for Resale 391,424 333,594
Other 208,784 145,599
Total Electric Operating Revenues 4,994,459 4,019,063
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 31,257 31,528
Coal 1,081 416
Nuclear 17,227 16,929
Hydro — —
Total Net Generation 49,566 48,873
Purchased Power:
Affiliated Companies 3,605 2,648
Non-affiliated Companies 11,072 11,821
Total Purchased Power 14,676 14,469
Total Sources of Energy 64,242 63,342
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 13,588 13,771
Commercial 10,385 10,465
Industrial 29,869 28,881
Governmental 792 779
Total Retail 54,633 53,896
Sales for Resale 7,714 7,950
Unbilled Energy (38) (103)
Total Electric Energy Sales 62,309 61,743
Line Losses and Company Usage 1,933 1,599
Total Uses of Energy 64,242 63,342
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.93 9.22
Commercial 10.17 8.47
Industrial 5.93 4.55
Governmental 10.42 8.84
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2022)
Residential 946,961 944,762
Commercial 133,740 132,352
Industrial 11,907 10,956
Governmental 8,189 7,996
Total 1,100,797 1,096,066

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY LOUISIANA, LLC
GENERATION PORTFOLIO
TOTAL PLANT – 2022
OWNED AND AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Acadia 2 100 % 2002 526 Gas Intermediate 7,462 6 89 1,131,224 SCR 2,596,009 59.4 154,258
Little Gypsy 2 100 % 1966 366 Gas/Oil Intermediate 12,181 2 441 383,076 BOOS/Combus Mod/Fuel Reburn 819,505 100.3 82,207
3 100 % 1969 501 Gas/Oil Intermediate 1 481 194,449 BOOS/IFGR
Ninemile Point 4 100 % 1971 741 Gas/Oil Intermediate 10,364 6 2,139 1,229,288 BOOS/IFGR 4,590,711 80.3 368,674
5 100 % 1973 741 Gas/Oil Intermediate 8 3,812 1,606,360 BOOS/IFGR
6 100 % 2014 557 Gas/Oil Intermediate 6,966 8 164 1,603,789 SCR, O2 Catalyst, Water/Steam Injection 3,861,485 50.5 195,106
Perryville 1 100 % 2002 579 Gas Intermediate 6,996 5 126 1,062,108 Dry LNB, SCR 2,577,308 53.8 146,191
2 100 % 2001 151 Gas Peaking 3 63 96,153 None 139,360
J. Wayne Leonard 1 100 % 2019 904 Gas Intermediate 6,977 12 149 2,344,568 Dry LNB, SCR, O2 Catalyst 5,529,179 57.4 317,337
Lake Charles 1 100 % 2020 919 Gas Intermediate 6,897 12 134 2,466,854 DLNB/SCR, O2 Catalyst 6,083,981 53.2 323,887
Sterlington 7 100 % 1974 — Gas/Oil Reserve 21,891 — 13 3,430 2,843 1,085
Waterford 1 100 % 1975 — Gas/Oil Reserve 11,465 — — — LNCB 350,224 123.3 43,175
2 100 % 1975 417 Gas/Oil Intermediate 1 378 233,778 LNCB
4 100 % 2009 30 Oil Peaking 3 7 9,487 Water/Steam Injection
LA Station 2(c) 10 100 % 1950 — Gas Reserve — 1,085
11 100 % 1950 — Gas Reserve
12 100 % 1953 — Gas Reserve
Roy S. Nelson 4 100 % 1970 — Gas/Oil Reserve 0 0 0 Combus Mod/Fuel Reburn — —
Calcasieu 1 100 % 2000 143 Gas Peaking 11,046 — 43 52,494 Dry LNB 74,900 118.5 18,682
2 100 % 2001 157 Gas Peaking — 39 56,527 Dry LNB 82,819
Ouachita 3 100 % 2002 249 Gas Intermediate 7,244 3 75 616,121 Dry LNB, SCR 1,349,758 54.3 73,294
Roy S. Nelson 6 40 % 1982 208 Coal Base 11,100 2,499 943 1,066,882 6 LNB w/ Sep OFA, ESP, ACI 824,892 38.7 31,897
Big Cajun 2 3 24 % 1983 130 Coal Base 10,928 2,001 454 756,113 5 LNB w/ OFA, ESP, ACI 668,141 49.6 33,126
River Bend 1 100 % 1986 964 Nuclear BWR(d) Base N/A 8,305,719 27.4 227,608
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Washington Parish 1 100 % 2020 184 Gas Peaking 1 23 102,273 LNB 373,158 36,398
2 100 % 2020 186 Gas Peaking 1 21 104,946 LNB
Waterford 3 100 % 1985 1,165 Nuclear PWR(d) Base N/A 0 0 0 7,799,062 30.5 237,849
Union Power Station 3 100 % 2003 507 Gas Intermediate 7,213 7 140 1,348,235 Dry LNB, SCR 3,094,118 48.2 316,518
4 100 % 2003 503 Gas Intermediate 8 147 1,491,836 Dry LNB, SCR 3,471,676
Total 10,829 4,586 9,881 17,959,989 11 52,594,846 49.6 2,608,375
(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) Installed NOx, particulate matter and mercury emission control devices as stated in the EPA Monitoring Plans and operational: 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 and Activated Carbon Injection (ACI). Currently have no SO2 or CO2 control equipment operating on any unit.
(c) Entergy Louisiana 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.
(d) Boiling Water Reactor; Pressurized Water Reactor.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY MISSISSIPPI, LLC
2021 2020
ELECTRIC OPERATING REVENUES ( thousands)
Residential 578,258 523,379
Commercial 439,950 395,875
Industrial 150,698 145,100
Governmental 46,248 41,955
Total Retail 1,215,154 1,106,309
Sales for Resale 124,632 77,530
Other 66,560 64,015
Total Electric Operating Revenues 1,406,346 1,247,854
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 10,760 12,761
Coal 1,021 723
Nuclear — —
Hydro — —
Solar 1 2
Total Net Generation 11,782 13,486
Purchased Power:
Affiliated Companies 4,232 2,336
Non-affiliated Companies 1,694 1,650
Total Purchased Power 5,925 3,987
Total Sources of Energy 17,707 17,473
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 5,568 5,378
Commercial 4,469 4,283
Industrial 2,298 2,343
Governmental 409 398
Total Retail 12,744 12,402
Sales for Resale 4,364 4,316
Unbilled Energy (102) 58
Total Electric Energy Sales 17,006 16,776
Line Losses and Company Usage 701 696
Total Uses of Energy 17,707 17,472
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.39 9.73
Commercial 9.84 9.24
Industrial 6.56 6.19
Governmental 11.31 10.54
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2022)
Residential 382,550 381,617
Commercial 68,115 65,131
Industrial 4,398 3,827
Governmental 5,219 5,146
Total 460,282 455,721

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY MISSISSIPPI, LLC
GENERATION PORTFOLIO
TOTAL PLANT – 2022
OWNED AND AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY FUEL NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Attala 1 100 % 2001 456 Gas Intermediate 7,096 7 131 1,414,334 Dry LNB, SCR 3,343,677 47.8 159,974
Hinds 1 100 % 2001 455 Gas Intermediate 7,169 6 104 1,254,674 Dry LNB, SCR 3,035,401 48 147,394
2 100 % 2019 27 Gas Peaking — 8 20,991 32,649
Baxter Wilson 1 100 % 1967 — Gas/Oil Intermediate 11,166 1 342 202,458 297,832 86.1 25,631
Choctaw 1 100 % 2003 799 Gas Intermediate 7,055 7 119 1,459,224 Dry LNB, SCR 3,409,386 57.9 197,378
Gerald Andrus 1 100 % 1975 707 Gas/Oil Intermediate 11,275 3 1,147 523,073 OFA 738,105 98.1 72,416
Independence 1 25 % 1983 205 Coal Base 10,904 1,974 744 902,409 5 LNB w/Sep OFA, ESP, ACI 745,368 39.3 43,993
2 25 % 1984 105 Coal Base 1,122 338 511,419 3 LNB w/Sep OFA, ESP, ACI 373,877
DeSoto Solar 1 100 % 2015 0.5 Solar Non-dispatchable 553 18.9 10
Brookhaven Solar 1 100 % 2015 0.5 Solar Non-dispatchable 462 255.6 118
Hinds Solar 1 100 % 2015 0.5 Solar Non-dispatchable 584 9.9 6
Sunflower Solar 1 100 % 2022 100 Solar Non-dispatchable 103,191 4.8 490
Power Through program (back-up generators) 100 % 2022 1.2 Gas Peaking 294 143 605.3 87
Total 2,857 3,121 2,933 6,288,876 8 12,081,228 53.6 647,412
(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) Installed NOx, particulate matter and mercury emission control devices as stated in the EPA Monitoring Plans and operational: 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 and Activated Carbon Injection (ACI). Currently have no SO2 or CO2 control equipment operating on any unit.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY NEW ORLEANS, LLC
2021 2020
ELECTRIC OPERATING REVENUES ( thousands)
Residential 269,893 243,502
Commercial 208,104 179,406
Industrial 30,751 24,248
Governmental 71,584 59,819
Total Retail 580,331 506,975
Sales for Resale 88,349 33,213
Other 3,553 20,444
Total Electric Operating Revenues 672,233 560,632
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 2,530 3,060
Coal — —
Nuclear — —
Hydro — —
Solar 35 4
Total Net Generation 2,565 3,064
Purchased Power:
Affiliated Companies 4,565 3,801
Non-affiliated Companies 713 671
Total Purchased Power 5,278 4,471
Total Sources of Energy 7,843 7,535
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 2,258 2,294
Commercial 1,978 1,975
Industrial 415 423
Governmental 757 755
Total Retail 5,407 5,447
Sales for Resale 2,369 1,969
Unbilled Energy (61) (9)
Total Electric Energy Sales 7,715 7,407
Line Losses and Company Usage 128 127
Total Uses of Energy 7,843 7,535
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 11.95 10.61
Commercial 10.52 9.08
Industrial 7.42 5.74
Governmental 9.46 7.93
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2022)
Residential 188,222 186,299
Commercial 17,306 17,179
Industrial 1,701 1,707
Governmental 1,930 1,940
Total 209,159 207,125

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY NEW ORLEANS, LLC
GENERATION PORTFOLIO
TOTAL PLANT – 2022
OWNED AND AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Union Power Station 1 100 % 2003 506 Gas Intermediate 7,282 5 107 1,339,428 Dry LNB, SCR 3,110,281 51.1 158,924
New Orleans Solar Power Plant (+Battery) 1 100 % 2016 1 (0.5(c)) Solar Non-dispatchable 184 254.4 47
New Orleans Power Station 1 100 % 2020 130 Gas Intermediate 8,477 — 15 199,204 365,210 81.2 29,661
New Orleans Solar Station 1 100 % 2020 20 Solar Non-dispatchable 37,168 14.5 540
New Orleans Residential Rooftop Solar 1 100 % 2020 0.5 Solar Non-dispatchable
New Orleans Commercial Rooftop Solar 1 100 % 2020 5 Solar Non-dispatchable 4,965 15.1 75
Total 663 6 123 1,538,632 3,517,807 53.8 189,247
(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) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: 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 and Activated Carbon Injection (ACI). Currently have no SO2or CO2 control equipment operating on any unit.
(c) MW amount equals the capacity rating of the battery.
SYSTEM ENERGY RESOURCES, INC.
--- --- --- ---
2022 2021 2020
ELECTRIC OPERATING REVENUES ($ thousands) 658,812 570,848 495,458
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil
Coal
Nuclear 7,739 10,593 5,820
Hydro
Total Net Generation 7,739 10,593 5,820
Purchased Power
Total Sources of Energy 7,739 10,593 5,820
USES OF ENERGY (GWh)
Electric Energy Sales 7,739 10,593 5,849
Unbilled Energy
Line Losses and Company Usage (29)
Total Uses of Energy 7,739 10,593 5,820
SYSTEM ENERGY RESOURCES, INC.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
GENERATION PORTFOLIO
TOTAL PLANT – 2022
OWNED AND AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY (MWH) MWH ($ thousands)
Grand Gulf 1 90% 1985 1,260 Nuclear BWR(b) Base N/A 7,739,058 31.3 242,304
Total 1,260 7,739,058 31.3 242,304
(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) Boiling Water Reactor.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY TEXAS, INC.
2021 2020
ELECTRIC OPERATING REVENUES ( thousands)
Residential 766,312 672,087
Commercial 425,927 364,638
Industrial 492,949 385,681
Governmental 26,238 23,445
Total Retail 1,711,426 1,445,851
Sales for Resale 145,719 100,273
Other 45,366 41,121
Total Electric Operating Revenues 1,902,511 1,587,245
SOURCES OF ENERGY (GWh)
Net Generation:
Gas and Oil 9,627 7,027
Coal 796 311
Nuclear — —
Hydro — —
Total Net Generation 10,423 7,338
Purchased Power:
Affiliated Companies 2,945 3,404
Non-affiliated Companies 9,426 10,977
Total Purchased Power 12,371 14,381
Total Sources of Energy 22,794 21,719
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 6,201 6,146
Commercial 4,494 4,386
Industrial 8,729 7,885
Governmental 256 260
Total Retail 19,680 18,677
Sales for Resale 2,372 2,013
Unbilled Energy (44) 93
Total Electric Energy Sales 22,008 20,783
Line Losses and Company Usage 786 937
Total Uses of Energy 22,794 21,720
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 12.36 10.94
Commercial 9.48 8.31
Industrial 5.65 4.89
Governmental 10.25 9.02
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2022)
Residential 424,701 414,438
Commercial 52,360 50,582
Industrial 6,445 5,681
Governmental 2,120 2,025
Total 485,626 472,726

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY TEXAS, INC.
GENERATION PORTFOLIO
TOTAL PLANT – 2022
OWNED AND AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Roy S. Nelson 6 30% 1982 154 Coal Base 11,100 1,847 697 788,565 5 LNB w/ Sep OFA, ESP, ACI 609,700 38.7 23,612
Big Cajun 2 3 18% 1983 96 Coal Base 10,932 1,479 336 558,866 4 LNB w/ OFA, ESP, ACI 493,846 49.6 24,483
Lewis Creek 1 100% 1970 250 Gas/Oil Intermediate 11,646 3 115 502,771 SCR 1,827,846 79.0 144,312
2 100% 1971 250 Gas/Oil Intermediate 3 156 663,713 SCR
Sabine 1 100% 1962 202 Gas/Oil Intermediate 11,110 1 217 176,932 2,831,261 83.4 236,044
3 100% 1966 370 Gas/Oil Intermediate 3 443 629,547 LNB w/ Sep OFA
4 100% 1974 489 Gas Intermediate 2 879 425,595 IFGR
5 100% 1979 400 Gas/Oil Intermediate 3 495 642,375 LNB w/ Closed-coupled OFA
Hardin County 1 100% 2010 72 Gas Peaking 12,225 — 14 46,039 Dry LNB 121,172 112.6 13,640
2 100% 2010 71 Gas Peaking — 13 43,467 Dry LNB
Montgomery County 92% 2021 835 Gas Intermediate 6,879 12 130 2,454,323 Dry LNB, SCR, O2 Catalyst 5,980,144 47.2 282,013
Power Through program (back-up generators) 100% 2019-2022 2 Gas Peaking 519 633 76.2 48
Total 3,190 3,355 3,497 6,932,713 8 11,864,602 61.0 724,153
(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) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: 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 and Activated Carbon Injection (ACI). Currently have no SO2or CO2 control equipment operating on any unit.
UTILITY STATISTICAL INFORMATION
--- --- --- ---
UTILITY NUCLEAR PLANT STATISTICS
The following table shows plant performance for 2020 – 2022 based on 18/24 month operating cycle.
CAPABILITY FACTOR (%) 2022 2021 2020
ANO 89.6 85.5 88.7
Grand Gulf 77.9 95.0 71.9
River Bend 92.4 89.1 84.7
Waterford 3 86.6 98.7 90.2
Average 87.2 90.7 84.8
Industry Average 91.9 92.0 93.5
The following table shows plant performance for 2022 and average for one three-year period.
--- --- ---
PRODUCTION COST ($/MWh) (a) 2022 2019-2021
ANO 18.9 23.7
Grand Gulf 35.1 26.9
River Bend 25.4 29.7
Waterford 3 30.4 25.0
Average 25.4 25.8
(a) Fuel and other operation and maintenance expenses according to accounting standards
that directly relate to the production of electricity per MWh; excludes special items.
INDIVIDUAL PLANT INFORMATION
--- --- --- --- ---
ANO UNIT 2 GRAND GULF RIVER BEND WATERFORD 3
Owner / Lessor Entergy Arkansas System Energy - 90%<br>Cooperative Energy - 10% Entergy Louisiana Entergy Louisiana
Commercial Operation Date March 80 July 85 June 86 September 85
License Expiration Date 7/17/2038 11/1/2044 8/29/2045 12/18/2044
Architect/Engineer Bechtel Power Bechtel Power Stone & Webster Ebasco
Reactor Manufacturer Combustion Engineering General Electric General Electric Combustion Engineering
Reactor Type PWR BWR BWR PWR
Turbine Generator Manufacturer General Electric Kraftwerk Union General Electric Westinghouse
Owned and Leased Capability (MW)(a) 985 1,272 967 1,165
Refueling Data:
Last Date 9/25/21 – 2/26/22 – 2/11/23 – 4/2/22 –
11/29/2021 4/19/2022 4/20/2023 5/17/2022
Number of Days 65 52 68 45
Next Scheduled Refueling Spring 23 Spring 24 Spring 25 Fall 23
2022 Capability Factor (%) 87.1 77.9 92.4 86.6
( in millions as of December 31, 2022)
Net Book Value 2,053 1,564(c) 2,673
Decommissioning Trust Fair Values 1,143 1,113(c) 666
Decommissioning Liability 1,042 773(c) 931
(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 and is included in non-utility property on the balance sheet.

All values are in US Dollars.

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 5
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
Doyle Webb – Chairperson Republican 1/23 1/29
Katie Anderson Republican 9/22 1/27
Justin Tate Republican 1/19 1/25
LOUISIANA
Foster L. Campbell, Jr. – Chairperson Democrat 1/3 12/26
Mike Francis – Vice-Chairperson Republican 11/16 12/28
Devante Lewis Democrat 1/23 12/28
Eric Skrmetta Republican 1/9 12/26
Craig Greene Republican 6/17 12/24
MISSISSIPPI
Dane Maxwell – Chairperson Republican 1/20 12/23
Brent Bailey Republican 1/20 12/23
Brandon Presley Democrat 1/8 12/23
NEW ORLEANS
Jean Paul "JP" Morrell – Chairperson of Utility Committee Democrat 1/22 1/26
Helena Moreno Democrat 5/18 1/26
Lesli Harris Democrat 1/22 1/26
Joseph Giarrusso Democrat 5/18 1/26
Freddie King III Democrat 1/22 1/26
Eugene J. Green Democrat 1/22 1/26
Oliver Thomas Democrat 1/22 1/26
TEXAS
Kathleen Jackson – Interim Chair Republican 8/22 9/25
Lori Cobos Republican 4/21 9/25
Jimmy Glotfelty Republican 8/21 9/25
Will McAdams Republican 4/21 9/25
As of July 2023
ENTERGY WHOLESALE COMMODITIES
--- --- --- --- --- --- --- --- --- --- --- ---
EWC QUARTERLY FINANCIAL METRICS
2022 2021 FY
($ millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
GAAP MEASURES
As-Reported Earnings 7 87 (19) (12) 63 38 (275) 26 90 (121) 186
NON-GAAP MEASURES
Adjusted EBITDA 51 156 — (3) 204 76 (338) 57 118 (87) 291
EWC ANNUAL FINANCIAL METRICS
--- --- --- ---
($ millions) 2022 2021 2020
GAAP MEASURES
As-Reported Earnings 63 (275) (63)
NON-GAAP MEASURES
Adjusted EBITDA 204 (338) 137
EWC QUARTERLY OPERATIONAL METRICS
--- --- --- --- --- --- --- --- --- --- --- --- ---
2022 2021 FY
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY % CHANGE
Owned Capacity (MW) (a) 1,205 394 394 181 181 2,246 1,205 1,205 1,205 1,205 (85 %)
GWh billed 2,225 1,371 577 398 4,570 4,413 2,687 2,166 2,065 11,328 (60 %)
EWC Nuclear
Capacity Factor 100 81 — — 93 99 94 97 100 97 (4 %)
GWh billed 1,766 975 — — 2,741 3,988 2,356 1,702 1,790 9,836 (72 %)
Production cost per MWh (b) 25.47 29.61 — — 26.93 18.46 27.51 28.91 28.76 24.31 11 %
(a) Indian Point 3 (1,041 MW) was shutdown April 30, 2021; Palisades (811 MW) was shutdown May 20, 2022
(b) Fuel and other O&M expenses according to accounting standards that directly relate to the production of electricity per MWh (based on net generation)

All values are in US Dollars.

EWC ANNUAL OPERATIONAL METRICS
2022 2021 2020
Owned Capacity (MW) (a) 181 1,205 2,246
GWh billed 4,570 11,328 20,489
EWC Nuclear
Capacity Factor 93 97 93
GWh billed 2,741 9,836 18,863
Production cost per MWh (b) 26.93 24.31 18.58
(a) Indian Point 2 (1,028 MW) was shutdown April 30, 2020; Indian Point 3 (1,041 MW) was shutdown
April 30, 2021; Palisades (811MW) was shutdown May 20, 2022
(b) Fuel and other O&M expenses according to accounting standards that directly relate to the production of
electricity per MWh (based on net generation), excluding special items.

All values are in US Dollars.

EWC TOTAL CAPACITY
OWNED CAPACITY
As of December 31, 2022 MW %
Coal 181 100
Total Capacity 181 100
ENTERGY WHOLESALE COMMODITIES
--- --- ---
EWC NUCLEAR PLANT STATISTICS
PALISADES
NUCLEAR
PLANT(a)
Entergy Purchase Date 4/11/2007
Commercial Operation Date December 71
License Expiration Date 3/24/2031
Architect/Engineer Combustion Engineering
Reactor Manufacturer Combustion Engineering
Reactor Type PWR
Turbine Generator Manufacturer Westinghouse
Net MWs in Operation (MW) 811
Refueling Data:
Last Date 8/31/20 –
10/21/20
Number of Days 52
2022 Capacity Factor 93 %
Capacity Zone (ICAP/UCAP) MISO
Nearest Market Hub Indiana
(a) Palisades was shutdown May 20, 2022 and sold on June 28, 2022.
EWC NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS
--- --- --- --- --- --- ---
as of December 31, 2022 NERC COMMERCIAL OWNERSHIP NET TOTAL FUEL TYPE
PLANT REGION OPERATION INTEREST MW MW TECHNOLOGY
Independence – Unit 2 SERC 1983 0.14% 121 842 Coal
Nelson 6 SERC 1982 0.11% 60 550 Coal
Total 181 1392
2022 EWC NON-NUCLEAR WHOLESALE ASSETS PLANT EMISSIONS
--- --- --- --- --- --- ---
Emissions
PLANT PURPOSE SO2 (tons) NOx (tons) Co2 (tons) Hg (lbs) TECHNOLOGY (a)
Independence – Unit 2 Base 645 194 293,963 1 LNB w/Sep OFA, ESP, ACI
Nelson 6 Base 565 213 241,208 1 LNB w Sep OFA, ESP, ACI
RS Cogen(b) Base 4 440 853,297 — Dry LNB/SCR
(a) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: Overfire Air (OFA), Electrostatic Precipitator (ESP), Activated Carbon
Injection (ACI), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Dry Low NOx Burners (Dry LNB), and Selective Catalytic Reduction (SCR) or Steam Injection.
Currently have no SO2 or CO2 control equipment operating on any unit.
(b) RS Cogen was sold on 10/31/2022.
EWC NON-NUCLEAR WHOLESALE ASSETS
--- --- --- --- ---
EWC NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL
DEBT:
OUTSTANDING AS OF DECEMBER 31,
ENTERGY’S SHARE
($ millions) 2022 2021 MATURITY RATE
RS Cogen Senior Project Debt
Institutional Portion(a) $— $7 10/15/2022 Fixed 8.73%
(a) Entergy sold its 50% membership interest in RS Cogen, L.L.C., to a subsidiary of the other 50% equity partner.
VERMONT YANKEE CREDIT FACILITY
--- --- --- --- ---
OUTSTANDING AS OF DECEMBER 31, 2022 2021
% $139 139
SHARES OUTSTANDING
PREFERRED STOCK: AS OF DECEMBER 31,
( millions) 2022 2021 2021
Without Sinking Fund:
Entergy Finance Holding, Inc. 250,000 250,000 $24
Authorized 250,000 shares, 100 par value, cumulative
Total without sinking fund 250,000 250,000 $24
(a) Dollar amount outstanding is net of 751 thousand of preferred stock issuance costs.

All values are in US Dollars.

DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES
OPERATIONAL MEASURES
Owned capacity (MW) Installed capacity owned by EWC
Production cost per MWh Fuel and other O&M expenses according to accounting standards that directly relate to the production of
electricity per MWh (based on net generation)
Billed electric energy sales (GWh billed) Total number of GWh billed to customers 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
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
ROE – as-reported 12-months rolling net income attributable to Entergy Corporation divided by average common equity
Return on average member's equity – as-reported 12-months rolling attributable to Entergy Corporation or subsidiary divided by average member's equity
Common dividend payout – as-reported Common dividend paid per share divided by earnings per share
Available 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 finance leases on the balance sheet
Debt of joint ventures – Entergy’s share Entergy's share of debt issued by business joint ventures at EWC
Debt to capital Total debt divided by total capitalization
Securitization debt Debt on the balance sheet associated with securitization bonds that is secured by certain future customer collections
FINANCIAL MEASURES – NON-GAAP
Adjusted earnings As-reported net income attributable to Entergy Corporation or subsidiary excluding adjustments
Adjusted EBITDA Earnings before interest, income taxes, depreciation and amortization, excluding interest and investment income and decommissioning expense for EWC
Adjusted EPS As-reported net income attributable to Entergy Corporation or subsidiary excluding adjustments, divided by the diluted average
number of common shares outstanding
ROE – adjusted 12-months rolling adjusted net income attributable to Entergy Corp. divided by avgerage common equity
Adjustments Unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business
of Entergy, such as the results of the EWC segment, significant tax items, and other items such as certain costs, expenses,
or other specified items. In 2022, the results of the EWC segment were considered an adjustment in light of the company's exit
from the merchand nuclear power business.
Common dividend payout – adjusted Common dividend paid per share divided by adjusted earnings per share
Return on average common equity (ROE) – adjusted 12-months rolling adjusted net income attributable to Entergy Corporation or subsidiary divided by average common equity
Return on average member's equity – adjusted 12-months rolling adjusted net income attributable to Entergy Corporation or subsidiary divided by average member's equity
Gross liquidity Sum of cash and available revolver capacity
Total debt, excluding securitization debt Total debt, excluding securitization debt
Debt to capital, excluding securitization debt Total debt divided by total capitalization, excluding securitization debt
Net debt to net capital, excluding securitization debt Total debt less cash and cash equivalents divided by total capitalization less cash and cash equivalents,
excluding securitization debt
Net liquidity Sum of cash and available revolver capacity less commercial paper borrowing
Net liquidity, including storm escrows Sum of cash, available revolver capacity, and escrow accounts available for certain storm expenses, less commercial paper borrowing
Parent debt to total debt, excluding securitization debt Entergy Corporation debt, including amounts drawn on credit revolver and commercial paper facilities, as a
percent of consolidated total debt, excluding securitization debt
FFO OCF less AFUDC-borrowed funds, working capital items in OCF (receivables, fuel inventory, accounts payable, taxes accrued,
--- ---
interest accrued, and other working capital accounts), and securitization regulatory charges
FFO to debt, excluding securitization debt 12-months rolling FFO as a percentage of end of period total debt excluding securitization debt
FFO to debt, excluding securitization debt, return of unprotected 12-months rolling FFO excluding return of unprotected excess ADIT and severance and retention payments
excess ADIT, and severance and retention payments associated associated with exit of EWC as a percentage of end of period total debt excluding securitization debt
with exit of EWC
REG G RECONCILIATIONS
--- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
( millions) 2021 2020
As-reported net income (loss) attributable to Entergy Corporation (A) 1,118 1,388
Adjustments (B) (97) 250
Adjusted earnings, (non-GAAP) (A-B) 1,215 1,138
Average common equity (C) 11,282 10,575
( per share)
As-reported earnings per share (D) 5.54 6.90
Adjusted earnings per share (E) 6.02 5.66
Common dividend paid per share (F) 3.86 3.74
(%)
ROE – As-reported (A/C) 9.9 13.1
ROE – Adjusted (non-GAAP) ((A-B)/C) 10.8 10.8
Common dividend payout – As-reported % (F/D) 70 54
Common dividend payout – Adjusted % (F/E) 64 66

All values are in US Dollars.

REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q21-4Q22
($ millions) 1Q22 2Q22 3Q22 4Q22 1Q21 2Q21 3Q21 4Q21
As-reported net income (loss) attributable to Entergy Corporation, rolling 12 months (A) 1,060 1,226 1,256 1,103 1,604 1,238 1,248 1,118
Adjustments, rolling 12 months (B) (127) (56) (112) (217) 399 32 45 (97)
Adjusted earnings, rolling 12 months (non-GAAP) (A-B) 1,187 1,282 1,368 1,320 1,205 1,206 1,202 1,215
Average common equity (C) 11,364 11,300 11,674 12,302 10,621 10,657 11,012 11,282
(%)
ROE – As-reported (A/C) 9.3 10.8 10.8 9.0 15.1 11.6 11.3 9.9
ROE – Adjusted (non-GAAP) ((A-B)/C) 10.4 11.3 11.7 10.7 11.3 11.3 10.9 10.8
REG G RECONCILIATIONS
--- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
Total debt (A) 26,829 27,154 24,062
Less securitization debt (B) 293 84 175
Total debt, excluding securitization debt (A-B) 26,536 27,071 23,887
Less cash and cash equivalents (C) 224 443 1,759
Net debt, excluding securitization debt (A-B-C) 26,312 26,628 22,128
Total capitalization (D) 40,113 39,079 35,243
Less securitization debt (E) 293 84 175
Total capitalization, excluding securitization debt (D-E) 39,820 38,995 35,068
Less cash and cash equivalents (F) 224 443 1,759
Net capitalization, excluding securitization debt (D-E-F) 39,596 38,553 33,309
(%)
Debt to capital (A/D) 66.9 69.5 68.3
Debt to capital, excluding securitization debt ((A-B)/D-E)) 66.6 69.4 68.1
Net debt to net capital, excluding securitization debt ((A-B-C)/(D-E-F)) 66.5 69.1 66.4
Available revolver capacity (G) 4,241 3,985 4,110
Storm escrows (L) 402 33 116
Gross liquidity (C+G) 4,465 4,428 5,869
Net liquidity (C+G-J) 3,638 3,227 4,241
Net liquidity, including storm escrows (C+G-J+L) 4,040 3,260 4,357
Entergy Corporation notes:
Due July 2022 — 650 650
Due September 2025 800 800 800
Due September 2026 750 750 750
Due June 2028 650 650 —
Due June 2030 600 600 600
Due June 2031 650 650 —
Due June 2050 600 600 600
Total parent long-term debt (H) 4,050 4,700 3,400
Revolver draw (I) 150 165 165
Commercial paper (J) 828 1,201 1,627
Unamortized debt issuance and discounts (K) (43) (49) (38)
Total parent debt (H)+(I)+(J)+(K) 4,985 6,017 5,154
Parent debt to total debt, excluding securitization debt % ((H)+(I)+(J)+(K))/(A-B) 18.8 22.2 21.6
REG G RECONCILIATIONS
--- --- --- --- --- --- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q21-4Q22
($ millions) 1Q22 2Q22 3Q22 4Q22 1Q21 2Q21 3Q21 4Q21
Total debt (A) 28,630 26,923 27,677 26,829 25,803 25,435 25,695 27,154
Less securitization debt (B) 55 336 311 293 147 114 90 84
Total debt, excluding securitization debt (A-B) 28,575 26,587 27,366 26,536 25,656 25,321 25,605 27,071
Less cash and cash equivalents (C) 702 580 1,003 224 1,743 687 1,000 443
Net debt, excluding securitization debt (A-B-C) 27,874 26,007 26,362 26,312 23,914 24,634 24,605 26,628
Total capitalization (D) 40,626 38,961 40,091 40,113 37,075 36,577 37,202 39,079
Less securitization debt (E) 55 336 311 293 147 114 90 84
Total capitalization, excluding securitization debt (D-E) 40,571 38,625 39,780 39,820 36,928 36,463 37,112 38,995
Less cash and cash equivalents (F) 702 580 1,003 224 1,743 687 1,000 443
Net capitalization, excluding securitization debt (D-E-F) 39,870 38,045 38,776 39,596 35,185 35,777 36,112 38,553
(%)
Debt to capital (A/D) 70.5 69.1 69.0 66.9 69.6 69.5 69.1 69.5
Debt to capital, excluding securitization debt ((A-B)/D-E)) 70.4 68.8 69.0 66.6 69.5 69.4 69.0 69.4
Net debt to net capital, excluding securitization debt ((A-B-C)/(D-E-F)) 69.9 68.4 68.0 66.5 68.0 68.9 68.1 69.1
Available revolver capacity (G) 4,129 4,191 4,191 4,241 4,220 4,125 3,925 3,985
Storm escrows (L) 33 323 325 402 72 72 33 33
Gross liquidity (C+G) 4,830 4,771 5,195 4,465 5,963 4,812 4,925 4,428
Net liquidity (C+G-J) 3,487 3,373 3,809 3,638 4,935 3,946 3,919 3,227
Net liquidity, including storm escrows (C+G-J+L) 3,521 3,697 4,133 4,040 5,007 4,018 3,952 3,260
Entergy Corporation notes:
Due July 2022 650 — — — 650 650 650 650
Due September 2025 800 800 800 800 800 800 800 800
Due September 2026 750 750 750 750 750 750 750 750
Due June 2028 650 650 650 650 650 650 650 650
Due June 2030 600 600 600 600 600 600 600 600
Due June 2031 650 650 650 650 650 650 650 650
Due June 2050 600 600 600 600 600 600 600 600
Total parent long-term debt (H) 4,700 4,050 4,050 4,050 4,700 4,700 4,700 4,700
Revolver draw (I) 150 150 150 150 55 150 325 165
Commercial paper (J) 1,343 1,398 1,386 828 1,028 866 1,006 1,201
Unamortized debt issuance and discounts (K) (47) (46) (44) (43) (54) (52) (51) (49)
Total parent debt (H)+(I)+(J)+(K) 6,145 5,552 5,542 4,985 5,728 5,664 5,981 6,017
Parent debt to total debt, excluding securitization debt % ((H)+(I)+(J)+(K))/(A-B) 21.5 20.9 20.3 18.8 22.3 22.4 23.4 22.2
REG G RECONCILIATIONS
--- --- --- --- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
Total debt (A) 26,829 27,154 24,062
Less securitization debt (B) 293 84 175
Total debt, excluding securitization debt (C) 26,536 27,071 23,887
Net cash flow provided by operating activities, rolling 12 months (D) 2,585 2,301 2,690
Allowance for borrowed funds used during construction, rolling 12 months (E) (28) (29) (52)
Working capital items in net cash flow provided by operating activities, rolling 12 months:
Receivables (157) (85) (139)
Fuel inventory 7 18 (27)
Accounts payable (102) 270 137
Taxes accrued 4 (21) 208
Interest accrued 4 (11) 8
Deferred fuel costs (394) (466) —
Other working capital accounts (157) (54) (143)
Securitization regulatory charges 62 83 124
Total (F) (733) (266) 168
FFO, rolling 12 months (G) = (D)+(E)-(F) 3,290 2,538 2,470
FFO to debt, excluding securitization debt (G)/(C) 12.4 % 9.4 % 10.3 %
Estimated return of unprotected excess ADIT (rolling 12 months pre-tax) (H) 56 87 70
Severance and retention payments associated with exit of<br>EWC (rolling 12 months pre-tax) (I) 40 120 55
FFO to debt, excluding securitization debt, return of unprotected excess ADIT, and severance and retention payments associated with exit of EWC [(G+H+I)/(C)] 12.8 % 10.1 % 10.9 %
REG G RECONCILIATIONS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q21-4Q22
($ millions) 1Q22 2Q22 3Q22 4Q22 1Q21 2Q21 3Q21 4Q21
Total debt (A) 28,630 26,923 27,677 26,829 25,803 25,435 25,695 27,154
Less securitization debt (B) 55 336 311 293 147 114 90 84
Total debt, excluding securitization debt (C) 28,575 26,587 27,366 26,536 25,656 25,321 25,605 27,071
Net cash flow provided by operating activities, rolling 12 months (D) 2,888 2,370 2,099 2,585 1,981 1,988 2,331 2,301
Allowance for borrowed funds used during construction, rolling 12 months (E) (29) (27) (28) (28) (43) (38) (34) (29)
Working capital items in net cash flow provided by operating activities, rolling 12 months:
Receivables 91 (155) (208) (157) (262) (263) (183) (85)
Fuel inventory 6 18 (9) 7 15 9 20 18
Accounts payable 162 444 (153) (102) 90 45 326 270
Taxes accrued 130 48 49 4 21 93 20 (21)
Interest accrued 26 (22) (2) 4 9 3 26 (11)
Deferred fuel costs — (847) (931) (394) — (369) (358) (466)
Other working capital accounts (105) (104) (84) (157) (165) (166) (124) (54)
Securitization regulatory charges 71 67 67 62 124 119 98 83
Total (F) 382 (551) (1,271) (733) (170) (529) (175) (266)
FFO, rolling 12 months (G) = (D)+(E)-(F) 2,477 2,894 3,342 3,290 2,109 2,479 2,472 2,538
FFO to debt, excluding securitization debt (G)/(C) 8.7 % 10.9 % 12.2 % 12.4 % 8.2 % 9.8 % 9.7 % 9.4 %
Estimated return of unprotected excess ADIT (rolling 12 months pre-tax) (H) 66 62 68 56 80 83 85 87
Severance and retention payments associated with exit of<br>EWC (rolling 12 months pre-tax) (I) 119 — 40 40 55 160 158 120
FFO to debt, excluding securitization debt, return of unprotected excess ADIT, and severance and retention payments associated with exit of EWC [(G+H+I)/(C)] 9.3 % 11.1 % 12.6 % 12.8 % 8.7 % 10.8 % 10.6 % 10.1 %
REG G RECONCILIATIONS
--- --- --- ---
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported net income (loss) applicable to common stock/equity (A) 1,407 1,490 1,800
Utility adjustments
True-up for prior year's portion of the equity component of carrying
costs for 2020 storms 41 — —
Contribution to the LURC related to securitization (32) — —
Customer-sharing of securitization benefit (224) — —
Litigation settlement regulatory charge (551) — —
Depreciation adjustment 33 — —
Gain on sale — 11 —
Income tax valuation allowance — (8) —
Provision for uncertain tax position — (5) —
State corporate income tax rate change — 29 —
SERI regulatory liability for potential refund for rate base reduction
retroactive to 2015 — — (25)
Income tax effect on Utility adjustment above 183 — 6
Tax benefit resulting from securitization 283 — —
Sale-leaseback reg liability / DTA turnaround (13) — —
2014 / 2015 IRS settlement – E-LA business combination — — 396
Total adjustments (B) (280) 27 377
Adjusted earnings (A-B) 1,686 1,463 1,423
Average common stock or member's equity (C) 18,682 16,988 15,038
Gross debt (D) 21,705 20,998 18,769
Less securitization debt (E) 293 84 175
Gross debt, excluding securitization debt (D-E) 21,412 20,915 18,594
Less cash and cash equivalents (F) 148 311 1,526
Net debt, excluding securitization debt (D-E-F) 21,264 20,603 17,068
Total capitalization (G) 41,582 39,049 35,192
Less securitization debt (H) 293 84 175
Total capitalization, excluding securitization debt (G-H) 41,289 38,965 35,017
Less cash and cash equivalents (I) 148 311 1,526
Net capitalization, excluding securitization debt (G-H-I) 41,141 38,654 33,491
(%)
ROE – As-Reported (A/C) 7.5 8.8 12.0
ROE – Adjusted ((A-B)/C) 9.0 8.6 9.5
Debt to capital (D/G) 52.2 53.8 53.3
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 51.9 53.7 53.1
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 51.7 53.3 51.0
REG G RECONCILIATIONS
--- --- --- --- --- --- --- --- ---
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q21-4Q22
($ millions) 1Q22 2Q22 3Q22 4Q22 1Q21 2Q21 3Q21 4Q21
As-reported net income applicable to common stock/equity (A) 340 153 672 241 357 326 570 238
Less adjustments (B) — (291) — 12 — — 11 16
Adjusted net income (loss) (A-B) 340 444 672 229 357 326 559 222
As-reported net income (loss) applicable to common stock/equity-rolling
12 months (C) 1,474 1,301 1,403 1,407 1,837 1,818 1,837 1,490
Adjustments in prior quarters 27 27 (275) (291) 377 377 377 11
Adjustments in current quarter — (291) — 12 — — 11 16
Total adjustments (D) 27 (264) (275) (280) 377 377 388 27
Adjusted earnings, rolling 12 months (C-D) 1,447 1,565 1,678 1,686 1,460 1,441 1,449 1,463
Average common stock or member's equity (E) 18,038 17,981 18,419 18,682 15,465 15,758 16,250 16,988
Gross debt (F) 22,346 21,232 21,996 21,705 19,936 19,632 19,576 20,998
Less securitization debt (G) 55 336 311 293 147 114 90 84
Gross debt, excluding securitization debt (F-G) 22,291 20,896 21,685 21,412 19,789 19,518 19,486 20,915
Less cash and cash equivalents (H) 474 399 832 148 1,050 523 622 311
Net debt, excluding securitization debt (F-G-H) 21,817 20,497 20,853 21,264 18,739 18,995 18,864 20,603
Total capitalization (I) 42,137 40,590 41,760 41,582 36,716 36,771 37,176 39,049
Less securitization debt (J) 55 336 311 293 147 114 90 84
Total capitalization, excluding securitization debt (I-J) 42,082 40,254 41,449 41,289 36,569 36,657 37,086 38,965
Less cash and cash equivalents (K) 474 399 832 148 1,050 523 622 311
Net capitalization, excluding securitization debt (I-J-K) 41,608 39,855 40,617 41,141 35,520 36,134 36,464 38,654
(%)
ROE – As-Reported (C/E) 8.2 7.2 7.6 7.5 11.9 11.5 11.3 8.8
ROE – Adjusted ((C-D)/E) 8.0 8.7 9.1 9.0 9.4 9.1 8.9 8.6
Debt to capital ratio (F/I) 53.0 52.3 52.7 52.2 54.3 53.4 52.7 53.8
Debt to capital, excluding securitization debt ((F-G)/(I-J)) 53.0 51.9 52.3 51.9 54.1 53.2 52.5 53.7
Net debt to net capital, excluding securitization debt ((F-G-H)/(I-J-L)) 52.4 51.4 51.3 51.7 52.8 52.6 51.7 53.3
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported earnings applicable to member's equity (A) 297 317 245
Adjustments
Income tax valuation allowance — (3) —
2014/2015 IRS audit settlement — — 6
Total adjustments (B) — (3) 6
Adjusted earnings (A-B) 297 320 239
Average member's equity (C) 3,648 3,409 3,201
Gross debt (D) 4,180 3,974 3,980
Less cash and cash equivalents (E) 5 13 192
Net debt (D-E) 4,175 3,961 3,788
Total capitalization (F) 7,962 7,550 7,256
Less cash and cash equivalents (G) 5 13 192
Net capitalization (F-G) 7,957 7,537 7,064
(%)
Return on average member's equity – As-Reported (A/C) 8.1 9.3 7.7
Return on average member's equity – Adjusted ((A-B)/C) 8.1 9.4 7.5
Debt to capital (D/G) 52.5 52.6 54.8
Net debt to net capital ((D-E)/(F-G)) 52.5 52.6 53.6
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported earnings applicable to member's equity (A) 855 654 1,082
Adjustments
True-up for prior year's portion of the equity component of carrying
costs for 2020 storms 23 — —
Contribution to the LURC related to securitization (32) — —
Customer-sharing of securitization benefit (224) — —
Tax benefit resulting from securtiization 290 — —
Gain on sale — 15 —
Income tax effect on Utility adjustment above 60 (4) —
State corporate income tax rate change — 6 —
2014/2015 IRS audit settlement — — 383
Total Adjustments (B) 117 17 383
Adjusted earnings (A-B) 737 637 699
Average member's equity (C) 8,821 7,819 6,927
Gross debt (D) 10,717 10,933 9,044
Less securitization debt (E) — — 10
Gross debt, excluding securitization debt (D-E) 10,717 10,933 9,034
Less cash and cash equivalents (F) 57 19 728
Net debt, excluding securitization debt (D-E-F) 10,660 10,914 8,306
Total capitalization (G) 20,211 19,114 16,501
Less securitization debt (H) — — 10
Total capitalization, excluding securitization debt (G-H) 20,211 19,114 16,491
Less cash and cash equivalents (I) 57 19 728
Net capitalization, excluding securitization debt (G-H-I) 20,154 19,095 15,763
(%)
Return on average member's equity – As-Reported (A/C) 9.7 8.4 15.6
Return on average member's equity – Adjusted ((A-B)/C) 8.4 8.1 10.1
Debt to capital (D/G) 53.0 57.2 54.8
Debt to capital ratio, excluding securitization debt ((D-E)/(G-H)) 53.0 57.2 54.8
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 52.9 57.2 52.7
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported earnings applicable to member's equity (A) 198 167 141
Adjustments
2014/2015 IRS audit settlement — — 4
Total Adjustments (B) — — 4
Adjusted earnings (A-B) 198 167 137
Average member's equity (C) 1,938 1,756 1,607
Gross debt (D) 2,340 2,189 1,788
Less cash and cash equivalents (E) 17 48 —
Net debt (D-E) 2,323 2,141 1,788
Total capitalization (F) 4,380 4,029 3,461
Less cash and cash equivalents (G) 17 48 —
Net capitalization (F-G) 4,363 3,981 3,461
(%)
Return on average member's equity – As-Reported (A/C) 10.2 9.5 8.7
Return on average member's equity – Adjusted ((A-B)/C) 10.2 9.5 8.5
Debt to capital (D/F) 53.4 54.3 51.7
Net debt to net capital ((D-E)/(F-G)) 53.2 53.8 51.7
ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
--- --- --- ---
2020-2022
($ millions) 2022 2021 2020
As-reported net income (A) 64 32 49
Adjustments
State corporate income tax rate change — 2 —
2014/2015 IRS audit settlement — — (1)
Total Adjustments (B) — 2 (1)
Adjusted earnings (A-B) 64 30 50
Average member's equity (C) 671 623 552
Gross debt (D) 780 792 646
Less securitization debt (E) 18 30 41
Gross debt, excluding securitization debt (D-E) 762 763 604
Less cash and cash equivalents (F) 4 43 —
Net debt, excluding securitization debt (D-E-F) 758 720 604
Total capitalization (G) 1,483 1,431 1,253
Less securitization debt (H) 18 30 41
Total capitalization, excluding securitization debt (G-H) 1,465 1,401 1,211
Less cash and cash equivalents (I) 4 43 —
Net capitalization, excluding securitization debt (G-H-I) 1,461 1,358 1,211
(%)
Return on average member's equity – As-Reported (A/C) 9.6 5.1 8.9
Return on average member's equity – Adjusted ((A-B)/C) 9.6 4.9 9.1
Debt to capital (D/G) 52.6 55.4 51.5
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 52.0 54.4 49.9
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 51.9 53.0 49.9
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY TEXAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported earnings applicable to common stock (A) 301 227 213
Adjustments
True-up for prior year's portion of the equity component of carrying
costs for 2020 storms 18 — —
2014/2015 IRS audit settlement — — 2
Income tax effect on Utility adjustment above (4) — —
Total Adjustments (B) 13 — 2
Adjusted earnings (A-B) 288 227 211
Average common equity (C) 2,543 2,284 1,943
Gross debt (D) 2,904 2,362 2,499
Less securitization debt (E) 275 54 123
Gross debt, excluding securitization debt (D-E) 2,629 2,308 2,376
Less cash and cash equivalents (F) 3 — 249
Net debt, excluding securitization debt (D-E-F) 2,625 2,308 2,127
Total capitalization (G) 5,583 4,845 4,657
Less securitization debt (H) 275 54 123
Total capitalization, excluding securitization debt (G-H) 5,308 4,791 4,534
Less cash and cash equivalents (I) 3 — 249
Net capitalization, excluding securitization debt (G-H-I) 5,305 4,791 4,285
(%)
ROE – As-Reported (A/C) 11.8 9.9 11.0
ROE – Adjusted ((A-B)/C) 11.3 9.9 10.9
Debt to capital (D/G) 52.0 48.7 53.7
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 49.5 48.2 52.4
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 49.5 48.2 49.7
REG G RECONCILIATIONS
--- --- --- ---
SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported net income (A) (277) 107 99
Adjustments
Litigation settlement regulatory charge (551) — —
Depreciation adjustment 33 — —
Sale-leaseback reg liability / DTA turnaround (13) — —
Income tax effect on Utility adjustment above 129 — —
Regulatory liability for potential refund for rate base reduction
retroactive to 2015 — — (19)
2014/2015 IRS audit settlement — — 3
Total Adjustments (B) (402) — (16)
Adjusted earnings (A-B) 125 107 115
Average common equity (C) 1,021 1,086 896
Gross debt (D) 778 741 805
Less cash and cash equivalents (E) 3 89 242
Net debt (D-E) 775 652 563
Total capitalization (F) 1,728 1,833 1,886
Less cash and cash equivalents (G) 3 89 242
Net capitalization (F-G) 1,725 1,743 1,644
(%)
ROE – As-Reported (A/C) (27.1) 9.8 11.1
ROE – Adjusted ((A-B)/C) 12.2 9.8 12.8
Debt to capital (D/F) 45.0 40.4 42.7
Net debt to net capital ((D-E)/(F-G)) 44.9 37.4 34.2
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY WHOLESALE COMMODITIES FINANCIAL METRICS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2020-2022
($ millions) 2022 2021 2020
As-reported net income (loss) attributable to Entergy Corporation 63 (123) (65)
Net income (loss) 65 (121) (63)
Add back: interest expense 8 13 22
Add back: income taxes 54 (25) 105
Add back: depreciation and amortization 14 44 102
Subtract: interest and investment income (34) 119 234
Add back: decommissioning expense 28 120 205
Adjusted EBITDA 204 (87) 137
ENTERGY WHOLESALE COMMODITIES FINANCIAL METRICS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
--- --- --- --- --- --- --- --- ---
1Q21-4Q22
($ millions) 1Q22 2Q22 3Q22 4Q22 1Q21 2Q21 3Q21 4Q21
As-reported net income (loss) attributable to Entergy Corporation 7 87 (19) (12) 38 (275) 26 89
Net income (loss) 8 87 (19) (12) 38 (275) 26 90
Add back: interest expense 1 2 2 3 4 4 3 2
Add back: income taxes 3 25 18 8 16 (72) 9 22
Add back: depreciation and amortization 9 3 1 1 13 14 9 9
Subtract: interest and investment income (17) (24) 3 4 48 50 3 18
Add back: decommissioning expense 14 14 — — 53 40 14 14
Adjusted EBITDA 51 156 — (3) 76 (338) 57 118
ENTERGY CORPORATION AND SUBSIDIARIES
--- --- --- --- --- --- ---
INVESTOR NEWS COMMON STOCK INFORMATION
Visit our investor relations website at www.entergy.com/investors for The company’s common stock is listed on the New York and
earnings reports, financial releases, SEC filings and other investor information. Chicago exchanges under the symbol “ETR.” The Entergy share
price is reported daily in the financial press under “Entergy” in
INVESTOR RELATIONS most listings of New York Stock Exchange securities. Entergy
Securities analysts and representatives of financial institutions common stock is a component of the following indices: S&P
may contact: 500, S&P Utilities Index, Philadelphia Utility Index and the NYSE
William Abler Composite Index, among others.
Vice President, Investor Relations
Telephone: 281-297-5436 As of Jan. 31, 2023, there were 211,396,291 shares of Entergy
E–mail: wabler@entergy.com common stock outstanding. Shareholders of record totaled
20,696, and approximately 489,510 investors held Entergy stock in
SHAREHOLDER ACCOUNT INFORMATION “street name” through a broker.
EQ Shareowner Services is Entergy’s transfer agent,
registrar, dividend disbursing agent, and dividend reinvestment CERTIFICATIONS
and stock purchase plan agent. Shareholders of record with In May 2022, Entergy’s Chief Executive Officer certified to the
questions about lost certificates, lost or missing dividend checks New York Stock Exchange that he was not aware of any violation
or notifications of change of address should contact: of the NYSE corporate governance listing standards. Also, Entergy
EQ Shareowner Services filed certifications regarding the quality of the company’s public
P.O. Box 64874 disclosure, required by Section 302 of the Sarbanes-Oxley Act of
St. Paul, MN 55164-0874 2002, as exhibits to our Annual Report on Form 10-K for the fiscal year
Phone: 1-855-854-1360 ended Dec. 31, 2022.
Internet: www.shareowneronline.com
DIVIDEND PAYMENTS
CORPORATE GOVERNANCE All of Entergy’s 2022 distributions were non-dividend
Entergy’s Corporate Governance Guidelines, Board Committee Charters distributions. The board of directors declares dividends quarterly
for the Audit, Corporate Governance, and Personnel Committees, Entergy's and sets the record and payment dates. Subject to board
Code of Entegrity and other ethics policies may be accessed electronically discretion, those dates for 2023 are:
by selecting the governance page on Entergy’s corporate website
at entergy.com. DECLARATION DATE RECORD DATE PAYMENT DATE
January 27 February 10 March 1
ADDITIONAL INFORMATION April 10 May 4 June 1
For copies of the above Corporate Governance documents, Entergy’s July 28 August 11 September 1
10-K and 10-Q reports filed with the Securities and Exchange October 27 November 14 December 1
Commission, or for other investor information, email investorrelations@entergy.com.
Quarterly dividend payments (in cents-per-share):
QUARTER 2022 2021 2020
1 101 95 93
2 101 95 93
3 101 95 93
4 107 101 95

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