Equibles

8-K

ENTERGY LOUISIANA, LLC (ELC)

8-K 2022-07-08 For: 2022-07-08
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) July 8, 2022

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) 670-3700
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 July 8, 2022, Entergy Corporation published on its website the 2021 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 2021 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: July 8, 2022

Document

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ENTERGY STATISTICAL REPORT
AND INVESTOR GUIDE
2021
Our Vision: We Power Life
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Our 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.
Entergy Corporation, a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,500 employees are dedicated to powering life today and for future generations.
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.<br><br>This information is available in two electronic files, Excel and PDF, in order to facilitate easier access and analysis.
Entergy Investor Relations
TABLE OF CONTENTS Note: The Excel Tab labels correspond to the page numbers
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in the PDF version of the 2021 report.
Excel Tab Excel Tab
ABOUT THIS PUBLICATION Page 2 Utility Securities Detail Pages 31 – 34
FORWARD-LOOKING INFORMATION Page 2 Utility Long-Term Debt and Preferred Stock Page 31
REGULATION G COMPLIANCE Page 2 Entergy Arkansas, LLC Page 31
ENTERGY AT A GLANCE Pages 3 – 4 Entergy Utility Holding Company, LLC Page 31
Entergy Louisiana, LLC Page 32
ENTERGY CORPORATION AND SUBSIDIARIES Entergy Mississippi, LLC Page 33
Selected Financial and Operating Data Page 5 Entergy New Orleans, LLC Page 33
Selected Financial Data Page 5 Entergy Texas, Inc. Page 34
Utility Electric Operating Data Page 5 System Energy Resources, Inc. Page 34
Entergy Wholesale Commodities Operating Data Page 5 Utility Statistical Information Pages 35 – 47
Employees Page 5 Utility Total Capability Page 35
Owned and Leased Capability Page 5 Utility Selected Operating Data Page 35
Consolidated Quarterly Financial Metrics Page 6 Utility Electric Statisitcal Information Page 36
Consolidated Annual Financial Metrics Page 6 Entergy Arkansas, LLC Pages 37 – 38
Financial Results Page 7 Entergy Louisiana, LLC Pages 39 – 40
GAAP to Non-GAAP Reconciliations: Page 7 Entergy Mississippi, LLC Pages 41 – 42
Consolidated Quarterly Results Page 7 Entergy New Orleans, LLC Pages 43 – 44
Consolidated Quarterly Adjustments Pages 8 – 9 System Energy Resources, Inc. Page 44
Consolidated Annual Results Page 10 Entergy Texas, Inc. Pages 45 – 46
Consolidated Annual Adjustments Pages 11 – 12 Utility Nuclear Plant Statistics Page 47
Consolidated Statements of Operations Page 13 Utility Regulatory Information Page 48
Consolidating Income Statement Page 14 State Regulatory Commissions Page 48
Consolidated Balance Sheets Pages 15 – 16 Commission/Council Members Page 48
Consolidating Balance Sheet Pages 17 – 18
Consolidated Statements of Cash Flow Pages 19 – 20 ENTERGY WHOLESALE COMMODITIES
Cash Flow Information by Business Page 20 EWC Quarterly Financial Metrics Page 49
Consolidated Statements of Changes in Equity Page 21 EWC Annual Financial Metrics Page 49
Consolidated Statements of Comprehensive Page 22 EWC Quarterly Operational Metrics Page 49
Income (Loss) EWC Annual Operational Metrics Page 49
Consolidated Capital Expenditures Page 23 EWC Total Capacity Page 49
Historical Capital Expenditures Page 23 EWC Nuclear Plant Statistics Page 50
Entergy Corporation Securities Detail Page 23 EWC Nuclear Plant Additional Information Page 50
Entergy Corporation Long-Term Debt Page 23 EWC Non-Nuclear Wholesale Assets Page 50
Securities Ratings (Outlook) Page 23 Plant Statistics
Preferred Member Interests Page 23 EWC Non-Nuclear Wholesale Assets Page 50
UTILITY Plant Emissions
Utility Quarterly Financial Metrics Page 24 EWC Non-Nuclear Assets Securities Detail Page 51
Utility Annual Financial Metrics Page 24 Vermont Yankee Credit Facility Page 51
Utility Securities Ratings (Outlook) Page 24 Preferred Stock Page 51
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 52
Utility Consolidating Balance Sheet Pages 26 – 27
Utility Selected Annual Financial Metrics Pages 28 – 30 REG G RECONCILIATIONS
Financial Measures Pages 53 – 66
INVESTOR INFORMATION Page 67
ABOUT THIS PUBLICATION ● effects of climate change, including the potential for increases in extreme weather events
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This publication is unaudited and should be used in conjunction with Entergy’s 2021 and sea levels or coastal land and wetland loss;
Annual Report to Shareholders and Form 10-K filed with the Securities and Exchange ● the risk that an incident at any nuclear generation facility in the U.S. could lead to the
Commission. It has been prepared for information purposes and is not intended for use assessment of significant retrospective assessments and/or retrospective insurance
in connection with any sale or purchase of, or any offer to buy, any securities of Entergy premiums as a result of Entergy’s participation in a secondary financial protection system
Corporation or its subsidiaries. and a utility industry mutual insurance company;
● changes in the quality and availability of water supplies and the related regulation of
FORWARD-LOOKING INFORMATION water use and diversion;
In this report and from time to time, Entergy Corporation makes statements concerning ● Entergy’s ability to manage its capital projects, including completion of projects timely
its expectations, beliefs, plans, objectives, goals, projections, strategies, and future and within budget and to obtain the anticipated performance or other benefits, and its
events or performance. Such statements are “forward-looking statements” within the operation and maintenance costs;
meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” ● the effects of supply chain disruptions, including those driven by the COVID-19 global
“will,” “could,” “project,” “believe,” “anticipate,” “intend,” “expect,” “estimate,” “continue,” pandemic or by trade-related governmental actions, on Entergy’s ability to complete its
“potential,” “plan,” “predict,” “forecast,” and other similar words or expressions are capital projects in a timely and cost-effective manner;
intended to identify forward-looking statements but are not the only means to identify ● Entergy’s ability to purchase and sell assets at attractive prices and on other attractive
these statements. Although Entergy believes that these forward-looking statements and terms;
the underlying assumptions are reasonable, it cannot provide assurance that they will ● the economic climate, and particularly economic conditions in Entergy’s Utility service
prove correct. Any forward-looking statement is based on information current as of the area and events and circumstances that could influence economic conditions in those areas,
date of this report and speaks only as of the date on which such statement is made. including power prices and inflation, and the risk that anticipated load growth may not
Except to the extent required by the federal securities laws, Entergy undertakes no materialize;
obligation to publicly update or revise any forward-looking statements, whether as a ● changes to federal income tax laws and regulations, including the continued impact of the
result of new information, future events, or otherwise. Tax Cuts and Jobs Act and its intended and unintended consequences on financial
Forward-looking statements involve a number of risks and uncertainties. There are results and future cash flows;
factors that could cause actual results to differ materially from those expressed or ● the effects of Entergy’s strategies to reduce tax payments;
implied in the forward-looking statements, including (a) those factors discussed or ● changes in the financial markets and regulatory requirements for the issuance of
incorporated by reference in Item 1A. Risk Factors contained in the Form 10-K for securities, particularly as they affect access to capital and Entergy’s ability to refinance
the year ended Dec. 31, 2021, (b) those factors discussed or incorporated by reference existing securities, and fund investments and acquisitions;
in Management’s Financial Discussion and Analysis contained in the Form 10-K for the ● actions of rating agencies, including changes in the ratings of debt and preferred
year ended Dec. 31, 2021, and (c) the following factors (in addition to others described stock, changes in general corporate ratings, and changes in the rating agencies’ ratings
elsewhere in this report and in subsequent securities filings): criteria;
● resolution of pending and future rate cases and related litigation, formula rate ● changes in inflation and interest rates;
proceedings and related negotiations, including various performance-based rate ● the effects of litigation and government investigations or proceedings;
discussions, Entergy’s utility supply plan, and recovery of fuel and purchased power costs, ● changes in technology, including (i) Entergy’s ability to implement new or emerging
as well as delays in cost recovery resulting from these proceedings; technologies, (ii) the impact of changes relating to new, developing, or alternative
● regulatory and operating challenges and uncertainties and economic risks associated sources of generation such as distributed energy and energy storage, renewable energy,
with the Utility operating companies’ participation in MISO, including the benefits of energy efficiency, demand side management and other measures that reduce load and
continued MISO participation, the effect of current or projected MISO market rules and government policies incentivizing development of the foregoing, and (iii) competition from
market and system conditions in the MISO markets, the allocation of MISO system other companies offering products and services to Entergy’s customers based on new or
transmission upgrade costs, the MISO-wide base rate of return on equity allowed or emerging technologies or alternative sources of generation;
any MISO-related charges and credits required by the FERC, and the effect of planning ● Entergy's ability to effectively formulate and implement plans to reduce its carbon
decisions that MISO makes with respect to future transmission investments by the emission rate and aggregate carbon emissions, including its commitment to achieve
Utility operating companies; net-zero carbon emissions by 2050, and the potential impact on its business of
● changes in utility regulation, including with respect to retail and wholesale competition, attempting to achieve such objectives;
the ability to recover net utility assets and other potential stranded costs, and the ● the effects, including increased security costs, of threatened or actual terrorism,
application of more stringent return on equity criteria, transmission reliability cyber-attacks or data security breaches, natural or man-made electromagnetic pulses
requirements or market power criteria by the FERC or the U.S. Department of Justice; that affect transmission or generation infrastructure, accidents, and war or a catastrophic
● changes in the regulation or regulatory oversight of Entergy’s owned or operated nuclear event such as a nuclear accident or a natural gas pipeline explosion;
generating facilities and nuclear materials and fuel, and the effects of new or ● the effects of a global or geopolitical event or pandemic, such as the COVID-19 global
existing safety or environmental concerns regarding nuclear power plants and fuel; pandemic and the military activities between Russia and Ukraine, including economic and
● resolution of pending or future applications, and related regulatory proceedings and societal disruptions; volatility in the capital markets (and any related increased cost of
litigation, for license modifications or other authorizations required of nuclear generating capital or any inability to access the capital markets or draw on available bank credit
facilities and the effect of public and political opposition on these applications, regulatory facilities); reduced demand for electricity, particularly from commercial and industrial
proceedings, and litigation; customers; increased or unrecoverable costs; supply chain, vendor, and contractor
● the performance of and deliverability of power from Entergy’s generation resources, disruptions; delays in completion of capital or other construction projects, maintenance, and
including the capacity factors at Entergy’s nuclear generating facilities; other operations activities, including prolonged or delayed outages; impacts to Entergy’s
● increases in costs and capital expenditures that could result from changing regulatory workforce availability, health, or safety; increased cybersecurity risks as a result of many
requirements, changing economic conditions, and emerging operating and industry issues, employees telecommuting; increased late or uncollectible customer payments; regulatory
and the risks related to recovery of these costs and capital expenditures from Entergy’s delays; executive orders affecting, or increased regulation of, Entergy's business; changes
customers (especially in an increasing cost environment); in credit ratings or outlooks as a result of any of the foregoing; or other adverse impacts on
● the commitment of substantial human and capital resources required for the safe and Entergy’s ability to execute on its business strategies and initiatives or, more generally, on
reliable operation and maintenance of Entergy’s nuclear generating facilities; Entergy’s results of operations, financial condition, and liquidity;
● Entergy’s ability to develop and execute on a point of view regarding future prices of ● Entergy’s ability to attract and retain talented management, directors, and employees
electricity, natural gas, and other energy-related commodities; with specialized skills;
● the prices and availability of fuel and power Entergy must purchase for its Utility ● Entergy’s ability to attract, retain and manage an appropriately qualified workforce;
customers, and Entergy’s ability to meet credit support requirements for fuel and power ● changes in accounting standards and corporate governance;
supply contracts; ● declines in the market prices of marketable securities and resulting funding
● volatility and changes in markets for electricity, natural gas, uranium, emissions requirements and the effects on benefits costs for Entergy’s defined benefit pension
allowances, and other energy-related commodities, and the effect of those changes on and other postretirement benefit plans;
Entergy and its customers; ● future wage and employee benefit costs, including changes in discount rates and
● changes in law resulting from federal or state energy legislation or legislation returns on benefit plan assets;
subjecting energy derivatives used in hedging and risk management transactions to ● changes in decommissioning trust fund values or earnings or in the timing of,
governmental regulation; requirements for, or cost to decommission Entergy’s nuclear plant sites and the
● changes in environmental laws and regulations, agency positions or associated implementation of decommissioning of such sites following shutdown;
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litigation, including requirements for reduced emissions of sulfur dioxide, nitrogen oxide, ● the effectiveness of Entergy’s risk management policies and procedures and the
greenhouse gases, mercury, particulate matter and other regulated air emissions, heat ability and willingness of its counterparties to satisfy their financial and performance
and other regulated discharges to water, requirements for waste management and commitments; and
disposal and for the remediation of contaminated sites, wetlands protection and ● Entergy and its subsidiaries' ability to successfully execute on their business
permitting, and changes in costs of compliance with environmental laws and regulations; strategies, including their ability to complete strategic transactions that they may
● changes in laws and regulations, agency positions, or associated litigation related to undertake.
protected species and associated critical habitat designations;
● the effects of changes in federal, state, or local laws and regulations, and other REGULATION G COMPLIANCE
governmental actions or policies, including changes in monetary, fiscal, tax, Financial performance measures shown in this report include those calculated and
environmental, trade/tariff, domestic purchase requirements, or energy policies and presented in accordance with generally accepted accounting principles (GAAP), as well
related laws, regulations, and other governmental actions; as those that are considered non-GAAP measures. This report includes non-GAAP
● the effects of full or partial shutdowns of the federal government or delays in obtaining measures of adjusted earnings; adjusted EPS; adjustments; adjusted EBITDA; adjusted
government or regulatory actions or decisions; common dividend payout ratio; adjusted ROE; gross liquidity; adjusted return on average
● uncertainty regarding the establishment of interim or permanent sites for spent nuclear member's equity; adjusted net revenue; adjusted non-fuel O&M; total debt, excluding
fuel and nuclear waste storage and disposal and the level of spent fuel and nuclear securitization debt; debt to capital, excluding securitization debt; net debt to net capital,
waste disposal fees charged by the U.S. government or other providers related to such excluding securitization debt; parent debt to total debt, excluding securitization debt; FFO;
sites; FFO to debt, excluding securitization debt; FFO to debt excluding securitization debt, return
● variations in weather and the occurrence of hurricanes and other storms and disasters, of unprotected excess ADIT, and severance, and retention payments associated with exit
including uncertainties associated with efforts to remediate the effects of hurricanes of EWC. We have prepared reconciliations of these measures to the most directly
(including from Hurricane Laura, Hurricane Delta, Hurricane Zeta, and Hurricane Ida), ice comparable GAAP measures. Reconciliations can be found on pages 7, 10, and 53 – 66.
storms, or other weather events and the recovery of costs associated with restoration,
including accessing funded storm reserves, federal and local cost recovery mechanisms,
securitization, and insurance, as well as any related unplanned outages;
ENTERGY AT A GLANCE
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STAKEHOLDER OBJECTIVES
Entergy's Mission: We exist to operate 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 experience. 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 $11.7 billion
GAAP net Income $1.1 billion
Total assets $59.5 billion
Utility electric customers 3.0 million
Interconnected high-voltage transmission lines 16,100 circuit miles
Distribution lines across the utility’s 94,000-square-mile service area 105,500 circuit miles
Utility billed retail electric energy sales 114,744 GWh
Employees at year-end 12,369
Utility owned and leased generating capability by fuel source in MW:
Modern Gas 10,508
Nuclear 5,222
Legacy Gas 6,425
Coal 2,097
Renewables 101
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, Texas
● 24,353 MW generating capability
● Two gas utilities with 206,000 customers
ENTERGY ARKANSAS, LLC (E-AR)
Entergy Arkansas generates, transmits, distributes, and sells electric power to 728,000 retail customers in Arkansas.
ENTERGY LOUISIANA, LLC (E-LA)
Entergy Louisiana generates, transmits, distributes, and sells electric power to 1,100,000 retail customers in Louisiana.
Entergy Louisiana also provides natural gas utility service to 96,000 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 209,000 retail customers in the city of New Orleans,
Louisiana. Entergy New Orleans also provides natural gas utility service to 110,000 customers in the city of New Orleans.
ENTERGY TEXAS, INC. (E-TX)
Entergy Texas generates, transmits, distributes, and sells electric power to 486,000 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
2021 2020 2019
GAAP MEASURES
Operating Revenues ($ millions) 11,743 10,114 10,879
As-Reported Net Income (Loss) Attributable to Entergy Corporation ($ millions) 1,118 1,388 1,241
As-Reported Earnings Per Share ($) 5.54 6.90 6.3
Common Dividend Paid Per Share ($) 3.86 3.74 3.66
Common Dividend Payout Ratio – As-Reported (%) 70 54 58
NON-GAAP MEASURES
Adjusted Earnings ($ millions) 1,215 1,138 1,064
Adjusted Earnings Per Share ($) 6.02 5.66 5.4
Adjustments ($ millions) (97) 250 177
Adjustments Per Share ($) (0.48) 1.24 0.9
Common Dividend Payout Ratio – Adjusted (%) 64 66 68
UTILITY ELECTRIC OPERATING DATA
2021 2020 2019
Retail Kilowatt-Hour Sales (millions) 114,744 111,170 115,911
Peak Demand (megawatts) 22,051 21,340 21,598
Retail Customers – Year End (thousands) 2,984 2,954 2,923
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
2021 2020 2019
Billed Electric Energy Sales (gigawatt hours) 11,328 20,581 28,088
EMPLOYEES
2021 2020 2019
Total Employees – Year End 12,369 13,400 13,635
OWNED AND LEASED CAPABILITY (MW)(a)
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As of December 31, 2021
E-AR E-LA E-MS E-NO E-TX SERI EWC(b)(c)(d) Total
Gas/Oil 2,091 8,261 2,938 639 3,004 — 213 17,146
Coal 1,193 340 312 — 252 — 181 2,278
Total Fossil 3,284 8,601 3,250 639 3,256 — 394 19,424
Nuclear 1,819 2,140 — — — 1,263 811 6,033
Hydro 72 — — — — — — 72
Solar — — 2 27 — — — 29
Total 5,175 10,741 3,252 666 3,256 1,263 1,205 25,558
(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) Nuclear reflects Net MW in Operation. Net MW in Operation is the installed capacity owned and operated. Excludes management
services contract for Cooper Nuclear Station.
(c) Fossil reflects nameplate rating of generating unit and excludes capacity under contract.
(d) The owned MW capacity for coal is the portion of the plant capacity owned by Entergy Wholesale Commodities.
CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
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CONSOLIDATED QUARTERLY FINANCIAL METRICS
2020 FY
2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
GAAP MEASURES
ROE – as-reported (%)(a) 11.6 11.3 9.9 9.9 11.5 12.2 13.3 13.1 13.1 (3.2)
Cash and cash equivalents ( millions) 687 1,000 443 443 1,464 935 1,240 1,759 1,759 (1,317)
Revolver capacity ( millions) 4,125 3,925 3,985 3,985 3,348 4,110 4,125 4,110 4,110 (124)
Commercial paper ( millions) 866 1,006 1,201 1,201 1,942 1,946 1,398 1,627 1,627 (426)
Total debt ( millions) 25,435 25,695 27,154 27,154 21,465 21,493 22,127 24,062 24,062 3,092
Securitization debt ( millions) 114 90 84 84 271 232 209 175 175 (91)
Debt to capital (%) 69.5 69.1 69.5 69.5 67.2 66.8 66.7 68.3 68.3 1.2
Off-balance sheet liabilities ( millions)
Debt of joint ventures – Entergy’s share 12 9 7 7 53 51 49 17 17 (10)
Total off-balance sheet liabilities 12 9 7 7 53 51 49 17 17 (10)
NON-GAAP MEASURES
ROE – adjusted (%)(a) 11.3 10.9 10.8 10.8 11.8 11.4 10.9 10.8 10.8 0
Gross liquidity ( millions) 4,812 4,925 4,428 4,428 4,811 5,045 5,364 5,869 5,869 (1,441)
Net liquidity ( millions) 3,946 3,919 3,227 3,227 2,870 3,099 3,966 4,241 4,241 (1,014)
Net liquidity, including storm escrows ( millions) 4,018 3,952 3,260 3,260 3,242 3,472 4,339 4,357 4,357 (1,097)
Debt to capital,      excluding securitization debt (%) 69.4 69.0 69.4 69.4 66.9 66.6 66.5 68.1 68.1 1.3
Net debt to net capital,     excluding securitization debt (%) 68.9 68.1 69.1 69.1 65.3 65.6 65.2 66.4 66.4 2.6
Parent debt to total debt,      excluding securitization debt (%) 22.4 23.4 22.2 22.2 22.2 22.0 22.4 21.6 21.6 0.6
FFO to debt,      excluding securitization debt (%) 8.3 8.3 7.7 7.7 14.3 14.6 11.8 10.3 10.3 (2.6)
FFO to debt,      excluding securitization debt, return of      unprotected excess ADIT, and severance and     retention payments associated with exit of EWC (%) 9.3 9.2 8.4 8.4 16.0 16.0 12.5 10.9 10.9 (2.5)
Totals may not foot due to rounding.
(a) Rolling twelve months.

All values are in US Dollars.

CONSOLIDATED ANNUAL FINANCIAL METRICS
2020 2019
GAAP MEASURES
ROE – as-reported (%) 13.1 13.0
Cash and cash equivalents ( millions) 1,759 426
Revolver capacity ( millions) 4,110 3,810
Commercial paper ( millions) 1,627 1,947
Total debt ( millions) 24,062 19,885
Securitization debt ( millions) 175 298
Debt to capital (%) 68.3 65.5
Off-balance sheet liabilities ( millions)
Debt of joint ventures – Entergy’s share 17 54
Total off-balance sheet liabilities 17 54
NON-GAAP MEASURES
ROE – adjusted (%) 10.8 11.2
Gross liquidity ( millions) 5,869 4,236
Net liquidity ( millions) 4,241 2,289
Net liquidity, including storm escrows ( millions) 4,357 2,701
Debt to capital, excluding securitization debt (%) 68.1 65.1
Net debt to net capital, excluding securitization debt (%) 66.4 64.6
Parent debt to total debt, excluding securitization debt (%) 21.6 21.6
FFO to debt, excluding securitization debt (%) 10.3 14.6
FFO to debt, excluding securitization debt, return ofunprotected excess ADIT, and severance and retentionpayments associated with exit of EWC (%) 10.9 16.8
Totals may not foot due to rounding.

All values are in US Dollars.

FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
2020 FY
(After-tax, in millions) 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)
Utility 326 570 238 1,490 320 345 552 584 1,800 (310)
Parent & Other (57) (65) (68) (249) (90) (69) (61) (127) (347) 98
Entergy Wholesale Commodities (275) 26 89 (123) (111) 85 30 (69) (65) (58)
CONSOLIDATED AS-REPORTED EARNINGS (LOSS) (6) 531 259 1,118 119 361 521 388 1,388 (270)
LESS ADJUSTMENTS
Utility — 11 16 27 — — — 377 377 (350)
Parent & Other — — (1) (1) — — — (61) (61) 61
Entergy Wholesale Commodities (275) 26 89 (123) (111) 85 30 (69) (65) (58)
TOTAL ADJUSTMENTS (275) 37 104 (97) (111) 85 30 246 250 (347)
ADJUSTED EARNINGS (LOSS)
Utility 326 559 222 1,464 320 345 552 207 1,424 40
Parent & Other (57) (65) (67) (248) (90) (69) (61) (66) (286) 37
Entergy Wholesale Commodities — — — — — — — — — —
CONSOLIDATED ADJUSTED EARNINGS (LOSS) 269 494 155 1,215 230 276 491 142 1,138 77
Weather Impact (19) (2) (10) (7) (50) (4) 1 (22) (75) 68
SHARES OF COMMON STOCK OUTSTANDING
( millions)
End of period 201 201 203 203 200 200 200 200 200 3
Diluted average 201 202 203 202 201 201 201 201 201 1
2020 FY
(After-tax, per share in ) (a) 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)
Utility 1.62 2.82 1.17 7.38 1.59 1.71 2.74 2.90 8.95 (1.57)
Parent & Other (0.28) (0.32) (0.33) (1.23) (0.45) (0.34) (0.30) (0.63) (1.73) 0.50
Entergy Wholesale Commodities (1.37) 0.13 0.44 (0.61) (0.55) 0.42 0.15 (0.34) (0.32) (0.29)
CONSOLIDATED AS-REPORTED EARNINGS (LOSS) (0.03) 2.63 1.28 5.54 0.59 1.79 2.59 1.93 6.90 (1.36)
LESS ADJUSTMENTS
Utility — 0.05 0.08 0.13 — — — 1.87 1.87 (1.74)
Parent & Other — — — — — — — (0.31) (0.31) 0.31
Entergy Wholesale Commodities (1.37) 0.13 0.44 (0.61) (0.55) 0.42 0.15 (0.34) (0.32) (0.29)
TOTAL ADJUSTMENTS (1.37) 0.18 0.52 (0.48) (0.55) 0.42 0.15 1.22 1.24 (1.72)
ADJUSTED EARNINGS (LOSS)
Utility 1.62 2.77 1.09 7.25 1.59 1.71 2.74 1.03 7.08 0.17
Parent & Other (0.28) (0.32) (0.33) (1.23) (0.45) (0.34) (0.30) (0.32) (1.42) 0.19
Entergy Wholesale Commodities — — — — — — — — — —
CONSOLIDATED ADJUSTED EARNINGS (LOSS) 1.34 2.45 0.76 6.02 1.14 1.37 2.44 0.71 5.66 0.36
Weather Impact (0.09) (0.01) (0.05) (0.03) (0.25) (0.02) 0.01 (0.11) (0.37) 0.34
Totals may not foot due to rounding.
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.

All values are in US Dollars.

FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY ADJUSTMENTS - BY ITEM TYPE
Shown as Positive/(Negative) Impact on Earnings
2021 2020 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 ADJUSTMENTS
Gain on sale — — 15 — 15 — — — — — 15
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015 — — — — — — — — (25) (25) 25
Income tax effect on Utility adjustments above (a) — — (4) — (4) — — — 6 6 (10)
Income tax valuation allowance — — — (8) (8) — — — — — (8)
Provision for uncertain tax position — — — (5) (5) — — — — — (5)
State corporate income tax rate change — — — 29 29 — — — — — 29
2014 / 2015 IRS settlement - E-LA business combination — — — — — — — — 396 396 (396)
Total — — 11 16 27 — — — 377 377 (350)
PARENT & OTHER ADJUSTMENTS
State corporate income tax rate change — — — (1) (1) — — — — — (1)
2014 / 2015 IRS settlement - E-LA business combination — — — — — — — — (61) (61) 61
Total — — — (1) (1) — — — (61) (61) 61
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Income before income taxes 54 (346) 35 112 (146) (141) 110 43 30 42 (188)
Income taxes (16) 72 (9) (22) 25 31 (24) (12) (99) (105) 130
Preferred dividend requirements (1) (1) (1) (1) (2) (1) (1) (1) (1) (2) —
Total 38 (275) 26 89 (123) (111) 85 30 (69) (65) (58)
TOTAL ADJUSTMENTS 38 (275) 37 104 (97) (111) 85 30 246 250 (347)
2021 2020 FY
(After-tax, per share in $) (b) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
UTILITY ADJUSTMENTS
Gain on sale — — 0.05 — 0.05 — — — — — 0.05
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015 — — — — — — — — (0.09) (0.09) 0.09
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
2014 / 2015 IRS settlement - E-LA business combination — — — — — — — 1.96 1.96 (1.96)
Total — — 0.05 0.08 0.13 — — — 1.87 1.87 (1.74)
PARENT & OTHER ADJUSTMENTS
2014 / 2015 IRS settlement - E-LA business combination — — — — — — — — (0.31) (0.31) 0.31
Total — — — — — — — — (0.31) (0.31) 0.31
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Total 0.19 (1.37) 0.13 0.44 (0.61) (0.55) 0.42 0.15 (0.34) (0.32) (0.29)
TOTAL ADJUSTMENTS 0.19 (1.37) 0.18 0.52 (0.48) (0.55) 0.42 0.15 1.22 1.24 (1.72)
Totals may not foot due to rounding.
(a) Income tax effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply.
(b) EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply to each adjustment and then dividing by
the diluted average number of common shares outstanding for the period.
FINANCIAL RESULTS
--- --- --- --- --- --- --- --- --- --- --- ---
ENTERGY CORPORATION CONSOLIDATED QUARTERLY ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
2021 2020 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 ADJUSTMENTS
Other O&M — — 15 — 15 — — — — — 15
Other regulatory charges — — — — — — — — (25) (25) 25
Income taxes (a) — — (4) 16 12 — — — 402 402 (390)
Total — — 11 16 27 — — — 377 377 (350)
PARENT & OTHER ADJUSTMENTS
Income taxes (a) — — — (1) (1) — — — (61) (61) 61
Total — — — (1) (1) — — — (61) (61) 61
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Operating revenues 248 149 162 139 698 333 200 214 196 943 (245)
Fuel and fuel-related expenses (21) (17) (24) (20) (83) (20) (17) (14) (16) (67) (15)
Purchased power (18) (18) (22) (15) (73) (11) (10) (29) (18) (68) (5)
Nuclear refueling outage expense (11) (11) (11) (11) (45) (12) (12) (11) (11) (45) (1)
Other O&M (99) (83) (51) (53) (287) (131) (140) (114) (115) (500) 213
Asset write-offs and impairments (3) (342) — 82 (264) (5) (7) (4) (10) (27) (237)
Decommissioning expense (53) (40) (14) (14) (120) (50) (51) (51) (53) (205) 85
Taxes other than income taxes (6) (6) (2) (3) (17) (20) (14) (10) (9) (53) 36
Depreciation/amortization expense (13) (14) (9) (9) (44) (35) (25) (21) (21) (102) 58
Other income (deductions) - other 34 41 9 18 101 (184) 194 87 92 189 (87)
Interest expense and other charges (4) (4) (3) (2) (13) (5) (7) (5) (5) (22) 9
Income taxes (16) 72 (9) (22) 25 31 (24) (12) (99) (105) 130
Preferred dividend requirements (1) (1) (1) (1) (2) (1) (1) (1) (1) (2) —
Total 38 (275) 26 89 (123) (111) 85 30 (69) (65) (58)
TOTAL ADJUSTMENTS (after-tax) 38 (275) 37 104 (97) (111) 85 30 246 250 (347)
Totals may not foot due to rounding.
(a) Income taxes represents the income tax effect of the adjustments which were calculated using the estimated income tax rate that is expected to apply to each item, as well as tax adjustments as a result of tax reform.
FINANCIAL RESULTS
--- --- ---
ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
(After-tax, in millions) 2020 2019
AS-REPORTED EARNINGS (LOSS)
Utility 1,800 1,411
Parent & Other (347) (316)
Entergy Wholesale Commodities (65) 147
CONSOLIDATED AS-REPORTED EARNINGS 1,388 1,241
LESS ADJUSTMENTS
Utility 377 41
Parent & Other (61) (11)
Entergy Wholesale Commodities (65) 147
TOTAL ADJUSTMENTS 250 177
ADJUSTED EARNINGS (LOSS)
Utility 1,424 1,369
Parent & Other (286) (305)
Entergy Wholesale Commodities — —
ENTERGY ADJUSTED EARNINGS 1,138 1,064
Weather Impact (75) 46
SHARES OF COMMON STOCK OUTSTANDING
( millions)
End of period 200 199
Weighted average - diluted 201 197
(After-tax, per share in ) (a) 2020 2019
AS-REPORTED EARNINGS (LOSS)
Utility 8.95 7.16
Parent & Other (1.73) (1.60)
Entergy Wholesale Commodities (0.32) 0.74
CONSOLIDATED AS-REPORTED EARNINGS 6.90 6.30
LESS ADJUSTMENTS
Utility 1.87 0.21
Parent & Other (0.31) (0.05)
Entergy Wholesale Commodities (0.32) 0.74
TOTAL ADJUSTMENTS 1.24 0.90
ADJUSTED EARNINGS (LOSS)
Utility 7.08 6.95
Parent & Other (1.42) (1.55)
Entergy Wholesale Commodities — —
ENTERGY ADJUSTED EARNINGS 5.66 5.40
Weather Impact (0.37) 0.23
Totals may not foot due to rounding.
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.

All values are in US Dollars.

FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL ADJUSTMENTS - BY ITEM TYPE
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 2021 2020 2019
UTILITY ADJUSTMENTS
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 (a) (4) 6 —
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 —
Reversal of income tax valuation allowance — — 41
Total 27 377 41
PARENT & OTHER ADJUSTMENTS
State corporate income tax rate change (1)
2014 / 2015 IRS settlement - E-LA business combination — (61) —
Income tax item related to a valuation allowance for interest deductibility — — (11)
Total (1) (61) (11)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Income before income taxes (146) 42 (12)
Income taxes 25 (105) 161
Preferred dividend requirements (2) (2) (2)
Total (123) (65) 147
TOTAL ADJUSTMENTS (97) 250 177
(After-tax, per share in $) (b) 2021 2020 2019
UTILITY ADJUSTMENTS
Gain on sale 0.05 — —
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015 — (0.09) —
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 —
Reversal of income tax valuation allowance — — 0.21
Total 0.13 1.87 0.21
PARENT & OTHER ADJUSTMENTS
Income tax item related to a valuation allowance for interest deductibility — — (0.05)
2014 / 2015 IRS settlement - E-LA business combination — (0.31) —
Total — (0.31) (0.05)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Total (0.61) (0.32) 0.74
TOTAL ADJUSTMENTS (0.48) 1.24 0.90
Totals may not foot due to rounding.
(a) Income tax effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply.
(b) EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply to each
adjustment and then dividing by the diluted average number of common shares outstanding for the period.
FINANCIAL RESULTS
--- --- --- ---
ENTERGY CORPORATION 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) 2021 2020 2019
UTILITY ADJUSTMENTS
Other O&M 15 — —
Other regulatory charges — (25) —
Income taxes (a) 12 402 41
Total 27 377 41
PARENT & OTHER ADJUSTMENTS
Income taxes (a) (1) (61) (11)
Total (1) (61) (11)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Operating revenues 698 943 1,295
Fuel and fuel-related expenses (83) (67) (98)
Purchased power (73) (68) (59)
Nuclear refueling outage expense (45) (45) (49)
Other O&M (287) (500) (678)
Asset write-offs and impairments (264) (27) (290)
Decommissioning expense (120) (205) (237)
Taxes other than income taxes (17) (53) (60)
Depreciation/amortization expense (44) (102) (148)
Other income (deductions) - other 101 189 340
Interest expense and other charges (13) (22) (29)
Income taxes 25 (105) 161
Preferred dividend requirements (2) (2) (2)
Total (123) (65) 147
TOTAL ADJUSTMENTS (after-tax) (97) 250 177
Totals may not foot due to rounding.
(a) Income taxes represents the income tax effect of the adjustments which were calculated using the estimated income tax rate that is expected to apply to each item, as well as tax adjustments as a result of tax reform.
(Page left blank intentionally)
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FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
In thousands, except share data, for the years ended December 31, 2021 2020 2019
OPERATING REVENUES:
Electric $10,873,995 $9,046,643 $9,429,978
Natural gas 170,610 124,008 153,954
Competitive businesses 698,291 942,985 1,294,741
Total 11,742,896 10,113,636 10,878,673
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 2,458,096 1,564,371 2,029,638
Purchased power 1,271,677 904,268 1,192,860
Nuclear refueling outage expenses 172,636 184,157 204,927
Other operation and maintenance 2,968,621 3,002,626 3,272,381
Asset write-offs, impairments, and related charges 263,625 26,623 290,027
Decommissioning 306,411 381,861 400,802
Taxes other than income taxes 660,290 652,840 643,745
Depreciation and amortization 1,684,286 1,613,086 1,480,016
Other regulatory charges (credits) – net 111,628 14,609 (26,220)
Total 9,897,270 8,344,441 9,488,176
OPERATING INCOME 1,845,626 1,769,195 1,390,497
OTHER INCOME:
Allowance for equity funds used during construction 70,473 119,430 144,974
Interest and investment income 430,466 392,818 547,912
Miscellaneous – net (201,778) (210,633) (252,539)
Total 299,161 301,615 440,347
INTEREST EXPENSE:
Interest expense 863,712 837,981 807,382
Allowance for borrowed funds used during construction (29,018) (52,318) (64,957)
Total 834,694 785,663 742,425
INCOME BEFORE INCOME TAXES 1,310,093 1,285,147 1,088,419
Income taxes 191,374 (121,506) (169,825)
CONSOLIDATED NET INCOME 1,118,719 1,406,653 1,258,244
Preferred dividend requirements of subsidiaries and noncontrolling interest 227 18,319 17,018
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $1,118,492 $1,388,334 $1,241,226
Basic earnings per average common share $5.57 $6.94 $6.36
Diluted earnings per average common share $5.54 $6.90 $6.30
Basic average number of common shares outstanding 200,941,511 200,106,945 195,195,858
Diluted average number of common shares outstanding 201,873,024 201,102,220 196,999,284
FINANCIAL RESULTS
--- --- --- --- ---
2021 CONSOLIDATING INCOME STATEMENT (unaudited)
ENTERGY
In thousands, except share data, for the year ended December 31, 2021. UTILITY PARENT & OTHER EWC CONSOLIDATED
OPERATING REVENUES:
Electric $10,874,064 ($69) $— $10,873,995
Natural gas 170,610 — — 170,610
Competitive businesses — 127 698,164 698,291
Total 11,044,674 58 698,164 11,742,896
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 2,375,456 (29) 82,669 2,458,096
Purchased power 1,198,755 29 72,893 1,271,677
Nuclear refueling outage expenses 127,758 — 44,878 172,636
Other operation and maintenance 2,657,025 25,068 286,528 2,968,621
Asset write-offs, impairments, and related charges — — 263,625 263,625
Decommissioning 186,238 — 120,173 306,411
Taxes other than income taxes 642,604 493 17,193 660,290
Depreciation and amortization 1,637,151 2,706 44,429 1,684,286
Other regulatory charges - net 111,628 — — 111,628
Total 8,936,615 28,267 932,388 9,897,270
OPERATING INCOME 2,108,059 (28,209) (234,224) 1,845,626
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 70,473 — — 70,473
Interest and investment income 442,817 (130,948) 118,597 430,466
Miscellaneous – net (176,649) (8,020) (17,109) (201,778)
Total 336,641 (138,968) 101,488 299,161
INTEREST EXPENSE:
Interest expense 721,022 129,356 13,334 863,712
Allowance for borrowed funds used during construction (29,018) — — (29,018)
Total 692,004 129,356 13,334 834,694
INCOME BEFORE INCOME TAXES 1,752,696 (296,533) (146,070) 1,310,093
Income taxes 264,209 (47,454) (25,381) 191,374
CONSOLIDATED NET INCOME 1,488,487 (249,079) (120,689) 1,118,719
Preferred dividend requirements of subsidiaries and noncontrolling interest (1,933) (28) 2,188 227
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $1,490,420 ($249,051) ($122,877) $1,118,492
Basic earnings per average common share $7.42 ($1.24) ($0.61) $5.57
Diluted earnings per average common share $7.38 ($1.23) ($0.61) $5.54
Totals may not foot due to rounding.
FINANCIAL RESULTS
--- --- ---
CONSOLIDATED BALANCE SHEETS (unaudited)
In thousands, as of December 31, 2020 2019
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $128,851 $34,242
Temporary cash investments 1,630,248 391,480
Total cash and cash equivalents 1,759,099 425,722
Accounts receivable:
Customer 833,478 595,509
Allowance for doubtful accounts (117,794) (7,404)
Other 135,208 219,870
Accrued unbilled revenues 434,835 400,617
Total accounts receivable 1,285,727 1,208,592
Deferred fuel costs 4,380 —
Fuel inventory – at average cost 172,934 145,476
Materials and supplies – at average cost 962,185 824,989
Deferred nuclear refueling outage costs 179,150 157,568
Prepayments and other 196,424 283,645
Total 4,559,899 3,045,992
OTHER PROPERTY AND INVESTMENTS:
Decommissioning trust funds 7,253,215 6,404,030
Non-utility property – at cost (less accumulated depreciation) 343,328 332,864
Other 214,222 496,452
Total 7,810,765 7,233,346
PROPERTY, PLANT AND EQUIPMENT:
Electric 59,696,443 54,271,467
Natural gas 610,768 547,110
Construction work in progress 2,012,030 2,823,291
Nuclear fuel 601,281 677,181
Total property, plant and equipment 62,920,522 58,319,049
Less – accumulated depreciation and amortization 24,067,745 23,136,356
Property, plant and equipment – net 38,852,777 35,182,693
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets (includes securitization property of
49,579 as of December 31, 2021, 119,238 as of
December 31, 2020 and 239,219 as of December 31, 2019) 6,076,549 5,292,055
Deferred fuel costs 240,422 239,892
Goodwill 377,172 377,172
Accumulated deferred income taxes 76,289 64,461
Other 245,339 288,301
Total 7,015,771 6,261,881
TOTAL ASSETS $58,239,212 $51,723,912

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED BALANCE SHEETS (unaudited)
In thousands, as of December 31, 2020 2019
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $1,164,015 $795,012
Notes payable and commercial paper 1,627,489 1,946,727
Accounts payable 2,739,437 1,499,861
Customer deposits 401,512 409,171
Taxes accrued 441,011 233,455
Interest accrued 201,791 194,129
Deferred fuel costs 153,113 197,687
Pension and other postretirement liabilities 61,815 66,184
Current portion of unprotected excess accumulated deferred income taxes 63,683 76,457
Other 206,640 201,780
Total 7,060,506 5,620,463
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued 4,361,772 4,401,190
Accumulated deferred investment tax credits 212,494 207,113
Regulatory liability for income taxes - net 1,521,757 1,633,159
Other regulatory liabilities 2,323,851 1,961,005
Decommissioning and asset retirement cost liabilities 6,469,452 6,159,212
Accumulated provisions 242,835 534,028
Pension and other postretirement liabilities 2,853,013 2,798,265
Long-term debt (includes securitization bonds
of 83,639 as of December 31, 2021, 174,635 as of
December 31, 2020 and 297,981 as of December 31, 2019) 21,205,761 17,078,643
Other 807,219 852,749
Total 39,998,154 35,625,364
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 2021 and 0 shares
in 2020 and 2019; issued shares in 2021, 2020, and 2019 - none — —
Common stock, 0.01 par value, authorized 499,000,000 in 2021 and 500,000,000
shares in 2020 and 2019; issued 271,965,510 shares in 2021 and
issued 270,035,180 shares in 2020 and in 2019 2,700 2,700
Paid-in capital 6,549,923 6,564,436
Retained earnings 9,897,182 9,257,609
Accumulated other comprehensive loss (449,207) (446,920)
Less – treasury stock, at cost (69,312,326 shares in 2021,
69,790,346 shares in 2020, and 70,886,400 shares in 2019) 5,074,456 5,154,150
Total common shareholders' equity 10,926,142 10,223,675
Subsidiaries' preferred stock without sinking fund and noncontrolling interest 35,000 35,000
Total 10,961,142 10,258,675
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $58,239,212 $51,723,912
Totals may not foot due to rounding.

All values are in US Dollars.

FINANCIAL RESULTS
2021 CONSOLIDATING BALANCE SHEET (unaudited)
ENTERGY
In thousands, as of December 31, 2021 UTILITY PARENT & OTHER EWC CONSOLIDATED
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $40,303 $3,144 $1,497 $44,944
Temporary cash investments 270,947 8,126 118,542 397,615
Total cash and cash equivalents 311,250 11,270 120,039 442,559
Notes receivable — (84,000) 84,000 —
Accounts receivable:
Customer 747,423 — 39,443 786,866
Allowance for doubtful accounts (68,608) — — (68,608)
Associated companies 12,448 (13,069) 621 —
Other 137,817 345 93,681 231,843
Accrued unbilled revenues 420,255 — — 420,255
Total accounts receivable 1,249,335 (12,724) 133,745 1,370,356
Deferred fuel costs 324,394 — — 324,394
Fuel inventory – at average cost 149,817 — 4,758 154,575
Materials and supplies – at average cost 1,022,137 — 19,378 1,041,515
Deferred nuclear refueling outage costs 115,024 — 18,398 133,422
Prepayments and other 162,559 (16,251) 10,466 156,774
Total 3,334,516 (101,705) 390,784 3,623,595
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates 1,482,963 (1,483,049) 22,090 22,004
Decommissioning trust funds 4,938,194 — 575,822 5,514,016
Non-utility property – at cost (less accumulated depreciation) 344,427 (14) 13,163 357,576
Other 82,118 46,339 8,994 137,451
Total 6,847,702 (1,436,724) 620,069 6,031,047
PROPERTY, PLANT AND EQUIPMENT:
Electric 63,775,441 10,869 476,940 64,263,250
Natural gas 658,989 — — 658,989
Construction work in progress 1,510,840 257 869 1,511,966
Nuclear fuel 562,910 — 14,096 577,006
Total property, plant and equipment 66,508,180 11,126 491,905 67,011,211
Less – accumulated depreciation and amortization 24,346,483 5,968 414,600 24,767,051
Property, plant and equipment – net 42,161,697 5,158 77,305 42,244,160
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets 6,613,256 — — 6,613,256
Deferred fuel costs 240,953 — — 240,953
Goodwill 374,099 — 3,073 377,172
Accumulated deferred income taxes 47,641 59 6,486 54,186
Other 113,761 11,154 144,958 269,873
Total 7,389,710 11,213 154,517 7,555,440
TOTAL ASSETS 59,733,625 (1,522,058) 1,242,675 59,454,242
TOTAL ASSETS $55,940,153 ($1,501,319) $3,800,378 $58,239,212
Totals may not foot due to rounding.
FINANCIAL RESULTS
--- --- --- ---
2021 CONSOLIDATING BALANCE SHEET (unaudited)
ENTERGY
In thousands, as of December 31, 2021 PARENT & OTHER EWC CONSOLIDATED
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $650,000 $139,000 $1,039,329
Notes payable and commercial paper:
Other 1,201,177 — 1,201,177
Accounts payable:
Associated companies (41,588) 3,420 —
Other 77 65,636 2,610,132
Customer deposits — — 395,184
Taxes accrued 3,680 (1,801) 419,828
Interest accrued 24,506 496 191,151
Deferred fuel costs — — 7,607
Pension and other postretirement liabilities — 12,808 68,336
Current portion of unprotected excess accumulated deferred
income taxes — — 53,385
Other 1,893 12,247 204,613
Total 1,839,745 231,806 6,190,742
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued (477,484) (552,815) 4,706,797
Accumulated deferred investment tax credits — — 211,975
Regulatory liability for income taxes - net — — 1,255,692
Other regulatory liabilities — — 2,643,845
Decommissioning and retirement cost liabilities — 683,006 4,757,084
Accumulated provisions — 299 157,122
Pension and other postretirement liabilities — 347,677 1,949,325
Long-term debt 4,166,005 — 24,841,572
Other (453,928) 61,898 815,284
Total 3,234,593 540,065 41,338,696
Subsidiaries' preferred stock without sinking fund — 24,249 219,410
EQUITY:
Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2021 - none — — —
Common stock, .01 par value, authorized 499,000,000 shares;
issued 271,965,510 shares in 2021 (2,522,131) 201,103 2,720
Paid-in capital 1,314,411 969,031 6,766,239
Retained earnings (465,227) (443,453) 10,240,552
Accumulated other comprehensive income (loss) — (280,126) (332,528)
Less – treasury stock, at cost (69,312,326 shares in 2021) 4,919,699 — 5,039,699
Total common shareholders' equity (6,592,646) 446,555 11,637,284
Subsidiaries' preferred stock without sinking fund
and noncontrolling interest (3,750) — 68,110
Total (6,596,396) 446,555 11,705,394
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ($1,522,058) $1,242,675 $59,454,242
Totals may not foot due to rounding.

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
In thousands, for the years ended December 31, 2021 2020 2019
OPERATING ACTIVITIES:
Consolidated net income (loss) $1,118,719 $1,406,653 $1,258,244
Adjustments to reconcile consolidated net income (loss)
to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 2,242,944 2,257,750 2,182,313
Deferred income taxes, investment tax credits, and non-current taxes accrued 248,719 (131,114) 193,950
Asset write-offs, impairments, and related charges 263,599 26,379 226,678
Changes in working capital:
Receivables (84,629) (139,296) (101,227)
Fuel inventory 18,359 (27,458) (28,173)
Accounts payable 269,797 137,457 (71,898)
Taxes accrued (21,183) 207,556 (20,784)
Interest accrued (10,640) 7,662 937
Deferred fuel costs (466,050) (49,484) 172,146
Other working capital accounts (53,883) (143,451) (3,108)
Changes in provisions for estimated losses (85,713) (291,193) 19,914
Changes in other regulatory assets (536,707) (784,494) (545,559)
Changes in other regulatory liabilities 43,631 238,669 (14,781)
Changes in pensions and other postretirement liabilities (897,167) 50,379 187,124
Other 250,917 (76,149) (639,149)
Net cash flow provided by operating activities 2,300,713 2,689,866 2,816,627
INVESTING ACTIVITIES:
Construction/capital expenditures (6,087,296) (4,694,076) (4,197,667)
Allowance for equity funds used during construction 70,473 119,430 144,862
Nuclear fuel purchases (166,512) (215,664) (128,366)
Payment for purchase of plant or assets (168,304) (247,121) (305,472)
Net proceeds from sale of assets 17,421 — 28,932
Insurance proceeds received for property damages — — 7,040
Changes in securitization account 13,669 5,099 3,298
Payments to storm reserve escrow account (25) (2,273) (8,038)
Receipts from storm reserve escrow account 83,105 297,588 —
Decrease (increase) in other investments 2,343 (12,755) 30,319
Litigation proceeds for reimbursement of spent nuclear fuel storage costs 49,236 72,711 2,369
Proceeds from nuclear decommissioning trust fund sales 5,553,629 3,107,812 4,121,351
Investment in nuclear decommissioning trust funds (5,547,015) (3,203,057) (4,208,870)
Net cash flow used in investing activities (6,179,276) (4,772,306) (4,510,242)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt 8,308,427 12,619,201 9,304,396
Preferred stock of subsidiary — — 33,188
Treasury stock 5,977 42,600 93,862
Common stock 200,776 — 607,650
Retirement of long-term debt (4,827,827) (8,152,378) (7,619,380)
Repurchase/redemptions of preferred stock — — (50,000)
Changes in credit borrowings and commercial paper – net (426,312) (319,238) 4,389
Contribution from noncontrolling interest 51,202 — —
Other 43,221 (7,524) (7,732)
Dividends paid:
Common stock (775,122) (748,342) (711,573)
Preferred stock (18,319) (18,502) (16,438)
Net cash flow provided by financing activities 2,562,023 3,415,817 1,638,362
Net increase (decrease) in cash and cash equivalents (1,316,540) 1,333,377 (55,253)
Cash and cash equivalents at beginning of period 1,759,099 425,722 480,975
Cash and cash equivalents at end of period $442,559 $1,759,099 $425,722
FINANCIAL RESULTS
--- --- --- ---
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
$ thousands, for the years ended December 31, 2021 2020 2019
SUPPLEMENTAL DISCLOSURE OF
CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized 843,228 803,923 778,209
Income taxes 98,377 (31,228) (40,435)
CASH FLOW INFORMATION BY BUSINESS
--- --- --- ---
PARENT & ENTERGY
For the years ended December 31, 2021, 2020, and 2019. OTHER EWC CONSOLIDATED
( thousands)
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
2019
Net cash flow provided by (used in) operating activities (237,649) 80,404 2,816,627
Net cash flow provided by (used in) investing activities (159) (84,255) (4,510,242)
Net cash flow provided by (used in) financing activities 244,969 (235) 1,638,362
Totals may not foot due to rounding.

All values are in US Dollars.

FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited)
Common Shareholders’ Equity
( thousands) Common Stock Treasury Stock Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total
Balance at December 31, 2018 2,616 (5,273,719) 5,951,431 8,721,150 (557,173) 8,844,305
Implementation of accounting standards — — — 6,806 (6,806) —
Balance at January 1, 2019 2,616 (5,273,719) 5,951,431 8,727,956 (563,979) 8,844,305
Consolidated net income (loss) (a) — — — 1,241,226 — 1,258,244
Other comprehensive loss — — — — 117,059 117,059
Settlement of equity forwards through common stock
issuance 84 — 607,566 — — 607,650
Common stock issuance costs — — (7) — — (7)
Common stock issuances related to stock plans — 119,569 5,446 — — 125,015
Common stock dividends declared — — — (711,573) — (711,573)
Subsidiaries' capital stock redemptions — — — — — 35,000
Preferred dividend requirements of subsidiaries (a) — — — — — (17,018)
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 income — — — — (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 20 34,757 216,316 343,370 116,679 744,252
(a) Consolidated net income and preferred dividend requirements of subsidiaries include 16 million for 2021, 2020, and 2019 of preferred dividends onsubsidiaries’ 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, 2021 2020 2019
NET INCOME (LOSS) $1,118,719 $1,406,653 $1,258,244
Other comprehensive income (loss)
Cash flow hedges net unrealized gain (loss)
(net of tax expense (benefit) of ($7,935), ($14,776), and $28,516 for 2021 to 2019, respectively) (29,754) (55,487) 115,026
Pension and other postretirement liabilities
(net of tax expense (benefit) of $55,161, $5,600, and ($6,539) for 2021 to 2019, respectively) 195,929 22,496 (25,150)
Net unrealized investment gains (losses)
(net of tax expense (benefit) of ($28,435), $17,586, and $14,023 for 2021 to 2019, respectively) (49,496) 30,704 27,183
Other comprehensive income (loss) 116,679 (2,287) 117,059
COMPREHENSIVE INCOME (LOSS) 1,235,398 1,404,366 1,375,303
Preferred dividend requirements of subsidiaries and noncontrolling interest 227 18,319 17,018
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENTERGY CORPORATION $1,235,171 $1,386,047 $1,358,285
CONSOLIDATED CAPITAL EXPENDITURES
--- --- --- --- --- --- ---
HISTORICAL CAPITAL EXPENDITURES
($ millions) 2021 2020 2019
Utility
Generation $ 1,134 $ 1,218 $ 1,781
Transmission 831 978 1,030
Distribution 3,477 1,949 1,114
Other 636 522 504
Entergy Wholesale Commodities 9 26 74
Total Historical Capital Expenditures $ 6,087 $ 4,694 $ 4,503
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 2021 2020
1.60 % 06/26 (b) $ 165.00 $ 165.00
0.28 % 1,201 1,627
29364GAH6 4.00 % 07/22 Now MW (T+.30%) 650 650
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 —
29364GAP8 2.40 % 06/31 Now MW (T+.20%) 650 —
$ 6,066 $ 5,192
(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 2021.

All values are in US Dollars.

SECURITIES RATINGS (OUTLOOK)
ISSUER RATING CORPORATE CREDIT
As of 12/31/21 MOODY’S S&P
Entergy Corporation Baa2 (negative) BBB+ (stable)
CALL PRICE
--- --- --- --- --- --- --- ---
AS OF PER SHARE
PREFERRED MEMBER INTERESTS DECEMBER 31, AS OF DECEMBER 31,
CUSIP RATE 2021 2020 2021
None 10.00 % $ 684 $ 684 —
None 9.00 % 413 413 —
None 7.50 % 294 294 —
None 5.00 % 734 734 —
None 5.00 % 256 256 —
$ 2,381 $ 2,381 —
(a) Distributions are payable quarterly and have a liquidation price of 100 per unit. The preferred membership interests are callable at the option of Entergy Holdings Company LLC after ten years under the terms of the LLC agreement.
Totals may not foot due to rounding.

All values are in US Dollars.

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UTILITY SELECTED DATA
--- --- --- --- --- --- --- --- --- --- --- ---
UTILITY QUARTERLY FINANCIAL METRICS
2021 2020 FY %
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
GAAP MEASURES
As-reported net income applicable to common stock/equity ($ millions) 357 326 570 238 1,490 320 345 552 584 1,800 (17.2)
ROE – as-reported (%)(a) 11.9 11.5 11.3 8.8 8.8 11.1 11.0 10.4 12.0 12.0 (26.7)
Debt to capital Ratio (%) 54.3 53.4 52.7 53.8 53.8 53.2 52.9 52.6 53.3 53.3 0.9
NON-GAAP MEASURES
Adjusted earnings ($ millions) 357 326 559 222 1,463 320 345 552 206 1,423 2.8
ROE – adjusted (%)(a) 9.4 9.1 8.9 8.6 8.6 10.8 10.7 10.1 9.5 9.5 (9.5)
Debt to capital ratio, <br>     excluding securitization debt (%) 54.1 53.2 52.5 53.7 53.7 52.8 52.6 52.3 53.1 53.1 1.1
Net debt to net capital ratio,<br>     excluding securitization debt (%) 52.8 52.6 51.7 53.3 53.3 51.2 51.5 50.9 51.0 51.0 4.5
(a) Rolling twelve months. Totals may not foot due to rounding.
UTILITY ANNUAL FINANCIAL METRICS
--- --- --- ---
2021 2020 2019
GAAP MEASURES
As-reported net income applicable to common stock/equity ($ millions) 1,490 1,800 1,411
ROE – as-reported (%)(a) 8.8 12.0 10.7
Debt to capital ratio (%) 53.8 53.3 52.4
NON-GAAP MEASURES
Adjusted earnings ($ millions) 1,463 1,423 1,369
ROE – adjusted (%)(a) 8.6 9.5 10.4
Debt to capital ratio, excluding securitization debt (%) 53.7 53.1 51.9
Net debt to net capital ratio, excluding securitization debt (%) 53.3 51.0 51.6
(a) Rolling twelve months. Totals may not foot due to rounding.
UTILITY SECURITIES RATINGS (OUTLOOK)
--- --- ---
MORTGAGE BONDS
As of 5/3/22 MOODY’S S&P
Entergy Arkansas, LLC A2 (positive) A (stable)
Entergy Louisiana, LLC A2 (negative) A (stable)
Entergy Mississippi, LLC A2 (positive) A (stable)
Entergy New Orleans, LLC Baa2 (negative) BBB (developing)
Entergy Texas, Inc. A3 (stable) A (stable)
System Energy Resources, Inc. Baa1 (negative) A (stable)
UTILITY HISTORICAL CAPITAL EXPENDITURES(a)
--- --- --- ---
($ millions) 2021 2020 2019
Entergy Arkansas 723 776 642
Entergy Louisiana 3,622 1,961 1,673
Entergy Mississippi 654 555 738
Entergy New Orleans 220 229 230
Entergy Texas 703 896 898
System Energy Resources 100 194 167
Other(b) 56 57 82
Total 6,078 4,668 4,430
(a) Historical capital expenditures include storm capital spending.
(b) Corresponds to Entergy Services, LLC, Entergy Operations, Inc., and Varibus, L.L.C.
UTILITY FINANCIAL RESULTS
--- --- --- --- --- --- --- --- ---
2021 UTILITY CONSOLIDATING INCOME STATEMENT (unaudited)
OTHER/
In thousands, for the year ending December 31, 2021. E-AR E-LA E-MS E-NO E-TX SERI ELIMINATIONS(a) UTILITY
OPERATING REVENUES:
Electric $2,338,590 $4,994,459 $1,406,346 $672,231 $1,902,511 $570,848 ($1,010,921) $10,874,064
Natural gas — 73,989 — 96,621 — — — 170,610
Total 2,338,590 5,068,448 1,406,346 768,852 1,902,511 570,848 (1,010,921) 11,044,674
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 347,166 1,302,291 181,511 150,018 335,742 58,313 415 2,375,456
Purchased power 280,504 768,546 298,034 268,568 588,941 — (1,005,838) 1,198,755
Nuclear refueling outage expenses 51,141 49,373 — — — 27,244 — 127,758
Other operation and maintenance 687,418 1,034,427 298,129 145,377 281,713 214,322 (4,361) 2,657,025
Decommissioning 77,696 68,575 — — — 38,693 1,274 186,238
Taxes other than income taxes 127,249 224,079 111,712 53,569 94,989 27,842 3,164 642,604
Depreciation and amortization 361,479 656,132 226,545 73,480 214,838 105,978 (1,301) 1,637,151
Other regulatory charges (credits) – net (31,501) 38,245 5,913 13,177 59,581 26,214 (1) 111,628
Total 1,901,152 4,141,668 1,121,844 704,189 1,575,804 498,606 (1,006,648) 8,936,615
OPERATING INCOME 437,438 926,780 284,502 64,663 326,707 72,242 (4,273) 2,108,059
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 15,273 28,648 8,101 2,371 9,892 6,188 — 70,473
Interest and investment income 76,953 282,200 53 48 837 82,744 (18) 442,817
Miscellaneous – net (22,278) (125,886) (8,791) (1,240) 721 (18,991) (184) (176,649)
Total 69,948 184,962 (637) 1,179 11,450 69,941 (202) 336,641
INTEREST EXPENSE:
Interest expense 140,348 350,227 75,124 29,164 87,787 38,393 (21) 721,022
Allowance for borrowed funds used during construction (6,641) (12,878) (3,416) (1,056) (3,980) (1,047) — (29,018)
Total 133,707 337,349 71,708 28,108 83,807 37,346 (21) 692,004
INCOME BEFORE INCOME TAXES 373,679 774,393 212,157 37,734 254,350 104,837 (4,454) 1,752,696
Income taxes 75,195 120,409 45,323 5,936 25,526 (1,977) (6,203) 264,209
NET INCOME 298,484 653,984 166,834 31,798 228,824 106,814 1,749 1,488,487
Preferred dividend requirements of subsidiaries and noncontrolling interest (18,092) — — — 1,909 — 14,250 (1,933)
EARNINGS APPLICABLE TO
COMMON STOCK / EQUITY $316,576 $653,984 $166,834 $31,798 $226,915 $106,814 ($12,501) $1,490,420
Totals may not foot due to rounding.
(a) Primarily reflects other Entergy subsidiaries, including Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc. and the elimination of intercompany transactions.
UTILITY FINANCIAL RESULTS
--- --- --- --- --- --- --- --- ---
2021 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
OTHER/
In thousands, as of December 31, 2021. E-AR E-LA E-MS E-NO E-TX SERI ELIMINATIONS(a) UTILITY
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $8,155 $195 $29 $26 $28 $87 $31,783 $40,303
Temporary cash investments 4,760 18,378 47,598 42,836 — 89,114 68,261 270,947
Total cash and cash equivalents 12,915 18,573 47,627 42,862 28 89,201 100,044 311,250
Securitization recovery trust account — — — 1,999 26,629 — (28,628) —
Accounts receivable:
Customer 154,412 355,265 84,048 69,902 83,797 — (1) 747,423
Allowance for doubtful accounts (13,072) (29,231) (7,209) (13,282) (5,814) — — (68,608)
Associated companies 29,587 96,539 42,994 74,146 31,720 118,977 (381,515) 12,448
Other 51,064 36,674 14,609 13,668 13,404 7,003 1,395 137,817
Accrued unbilled revenues 101,663 174,768 56,034 25,550 62,241 — (1) 420,255
Total accounts receivable 323,654 634,015 190,476 169,984 185,348 125,980 (380,122) 1,249,335
Deferred fuel costs 108,862 45,374 121,878 — 48,280 — — 324,394
Fuel inventory – at average cost 50,892 42,958 10,311 2,945 42,712 — (1) 149,817
Materials and supplies – at average cost 247,980 485,325 69,639 19,216 72,884 127,093 — 1,022,137
Deferred nuclear refueling outage costs 65,318 39,582 — — — 10,123 1 115,024
Prepayments and other 14,863 44,187 6,394 5,428 17,515 1,870 72,302 162,559
Total 824,484 1,310,014 446,325 242,434 393,396 354,267 (236,404) 3,334,516
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates — 1,390,587 — — 300 — 92,076 1,482,963
Decommissioning trust funds 1,438,416 2,114,523 — — — 1,385,254 1 4,938,194
Non-utility property – at cost (less accumulated depreciation) — 337,247 4,527 1,016 376 — 1,261 344,427
Escrow accounts — — 48,886 — — — (48,886) —
Other 947 13,744 — — 18,128 — 49,299 82,118
Total 1,439,363 3,856,101 53,413 1,016 18,804 1,385,254 93,751 6,847,702
UTILITY PLANT
Electric 13,578,297 28,055,038 6,613,109 1,976,202 7,181,567 5,362,494 1,008,734 63,775,441
Natural gas — 285,006 — 373,983 — — — 658,989
Construction work in progress 241,127 847,924 95,452 22,199 183,965 97,968 22,205 1,510,840
Nuclear fuel 182,055 209,418 — — — 171,438 (1) 562,910
Total utility plant 14,001,479 29,397,386 6,708,561 2,372,384 7,365,532 5,631,900 1,030,938 66,508,180
Less – accumulated depreciation and amortization 5,472,296 9,860,252 2,127,590 774,309 2,049,750 3,396,136 666,150 24,346,483
Utility plant – net 8,529,183 19,537,134 4,580,971 1,598,075 5,315,782 2,235,764 364,788 42,161,697
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets (includes securitization property
of $49,579 as of December 31, 2021) 1,689,678 2,776,666 462,432 248,617 421,333 395,546 618,984 6,613,256
Deferred fuel costs 68,751 168,122 — 4,080 — — — 240,953
Goodwill — — — — — — 374,099 374,099
Accumulated deferred income taxes — — — — — — 47,641 47,641
Other 13,660 27,801 14,248 56,101 112,096 1,793 (111,938) 113,761
Total 1,772,089 2,972,589 476,680 308,798 533,429 397,339 928,786 7,389,710
TOTAL ASSETS $12,565,119 $27,675,838 $5,557,389 $2,150,323 $6,261,411 $4,372,624 $1,150,921 $59,733,625
Totals may not foot due to rounding.
(a) Primarily reflects other Entergy subsidiaries, including Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc. and the elimination of intercompany transactions.
UTILITY FINANCIAL RESULTS
--- --- --- --- --- --- --- --- ---
2021 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
OTHER/
In thousands, as of December 31, 2021. E-AR E-LA E-MS E-NO E-TX SERI ELIMINATIONS(a) UTILITY
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $— $200,000 $— $— $— $50,329 $— $250,329
Payable due to associated companies — — — 1,326 — — (1,326) —
Accounts payable:
Associated companies 217,310 183,172 42,929 45,057 142,929 23,682 (616,911) 38,168
Other 190,476 1,481,902 113,000 146,921 164,981 62,573 384,566 2,544,419
Customer deposits 92,511 150,697 86,167 28,539 37,271 — (1) 395,184
Taxes accrued 89,590 64,248 106,273 4,385 49,018 32,918 71,517 417,949
Interest accrued 17,108 93,052 17,283 7,991 19,002 11,714 (1) 166,149
Deferred fuel costs — — — 7,607 — — — 7,607
Current portion of unprotected excess accumulated deferred income taxes — 24,291 — 1,906 27,188 — 2,143 55,528
Pension and other postretirement liabilities — — — — — — 53,385 53,385
Other 38,901 68,995 36,731 6,204 16,120 4,101 19,421 190,473
Total 645,896 2,266,357 402,383 249,936 456,509 185,317 (87,207) 4,119,191
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued 1,416,201 2,433,854 720,097 365,384 692,496 382,931 (273,867) 5,737,096
Accumulated deferred investment tax credits 29,299 102,588 10,913 16,306 9,325 43,003 541 211,975
Regulatory liability for income taxes - net 431,655 313,693 212,445 40,589 144,145 113,165 — 1,255,692
Other regulatory liabilities 743,314 1,042,597 49,313 — 37,060 744,944 26,617 2,643,845
Decommissioning and asset retirement cost liabilities 1,390,410 1,653,198 10,315 4,032 8,520 1,007,603 — 4,074,078
Accumulated provisions 77,084 24,490 38,028 6,329 8,242 — 2,650 156,823
Pension and other postretirement liabilities 185,789 528,213 59,065 — — 76,104 752,477 1,601,648
Long-term debt (includes securitization bonds
of $83,640 as of December 31, 2021) 3,958,862 10,714,346 2,179,989 777,254 2,354,148 690,967 1 20,675,567
Long-term payable due to associated companies — — — 9,585 — — (9,585) —
Other 110,754 415,930 35,273 42,193 67,760 37,230 498,174 1,207,314
Total 8,343,368 17,228,909 3,315,438 1,261,672 3,321,696 3,095,947 997,008 37,564,038
Preferred stock without sinking fund — — — — — — 195,161 195,161
EQUITY:
Common stock or member's equity 3,542,745 8,172,294 1,839,568 638,715 49,452 951,850 (12,870,876) 2,323,748
Paid-in capital — — — — 1,050,125 — 3,432,672 4,482,797
Retained earnings — — — — 1,344,879 139,510 9,664,843 11,149,232
Accumulated other comprehensive income (loss) — 8,278 — — — — (60,680) (52,402)
Noncontrolling interest 33,110 — — — — — — —
Less – treasury stock, at cost — — — — — — 120,000 120,000
Total common shareholders' equity 3,575,855 8,180,572 1,839,568 638,715 2,444,456 1,091,360 45,959 17,783,375
Preferred stock without sinking fund — — — — 38,750 — — 71,860
Total 3,575,855 8,180,572 1,839,568 638,715 2,483,206 1,091,360 45,959 17,855,235
TOTAL LIABILITIES AND EQUITY $12,565,119 $27,675,838 $5,557,389 $2,150,323 $6,261,411 $4,372,624 $1,150,921 $59,733,625
Totals may not foot due to rounding.
(a) Primarily reflects other Entergy subsidiaries, including Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc. and the elimination of intercompany transactions.
UTILITY FINANCIAL RESULTS
--- --- --- ---
UTILITY SELECTED ANNUAL FINANCIAL METRICS
2021 2020 2019
ENTERGY ARKANSAS, LLC
As-Reported Earnings Applicable to Member's Equity ($ millions) 317 245 263
Less Adjustments ($ millions) (3) 6 —
Adjusted Earnings ($ millions) 320 239 263
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 9.3 7.7 8.6
Debt to Capital (%) 52.6 54.8 53.0
Total Debt ($ millions) 3,974 3,980 3,528
Total Equity ($ millions) 3,543 3,276 3,126
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 9.4 7.5 8.6
Total Debt, excluding securitization debt ($ millions) 3,974 3,980 3,522
Debt to Capital, excluding securitization debt (%) 52.6 54.8 53.0
Net Debt to Net Capital, excluding securitization debt (%) 52.6 53.6 53.0
Totals may not foot due to rounding.
ENTERGY LOUISIANA, LLC
As-Reported Net Income ($ millions) 654 1,082 692
Less Adjustments ($ millions) 17 383 —
Adjusted Net Income ($ millions) 637 699 692
GAAP MEASURES
Return on Average Common Equity – As-Reported (%) 8.4 15.6 11.3
Debt to Capital (%) 57.2 54.8 53.4
Total Debt ($ millions) 10,933 9,044 7,321
Total Equity ($ millions) 8,181 7,458 6,397
NON-GAAP MEASURES
Return on Average Common Equity – Adjusted (%) 8.1 10.1 11.3
Total Debt, excluding securitization debt ($ millions) 10,933 9,034 7,288
Debt to Capital, excluding securitization debt (%) 57.2 54.8 53.3
Net Debt to Net Capital, excluding securitization debt (%) 57.2 52.7 53.2
Totals may not foot due to rounding.
UTILITY FINANCIAL RESULTS
--- --- --- ---
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
2021 2020 2019
ENTERGY MISSISSIPPI, LLC
As-Reported Net Income ($ millions) 167 141 120
Less Adjustments ($ millions) — 4 —
Adjusted Earnings ($ millions) 167 137 120
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 9.5 8.7 8.5
Debt to Capital (%) 54.3 51.7 51.2
Total Debt ($ millions) 2,189 1,788 1,621
Total Equity ($ millions) 1,840 1,673 1,542
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 9.5 8.5 8.5
Net Debt to Net Capital (%) 53.8 51.7 50.4
Totals may not foot due to rounding.
ENTERGY NEW ORLEANS, LLC
As-Reported Net Income ($ millions) 32 49 53
Less Adjustments ($ millions) 2 (1) —
Adjusted Earnings ($ millions) 30 50 53
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 5.1 8.9 11.3
Debt to Capital (%) 55.4 51.5 53.1
Total Debt ($ millions) 792 646 564
Total Equity ($ millions) 639 607 498
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 4.9 9.1 11.3
Total Debt, excluding securitization debt ($ millions) 763 604 511
Debt to Capital, excluding securitization debt (%) 54.4 49.9 50.7
Net Debt to Net Capital, excluding securitization debt (%) 53.0 49.9 50.4
Totals may not foot due to rounding.
ENTERGY TEXAS, INC.
As-Reported Earnings Applicable to Common Stock ($ millions) 227 213 159
Less Adjustments ($ millions) — 2 —
Adjusted Net Income ($ millions) 227 211 159
GAAP MEASURES
ROE – As-Reported (%) 9.9 11.0 10.0
Debt to Capital (%) 48.7 53.7 51.7
Total Debt ($ millions) 2,362 2,499 1,928
Total Preferred ($ millions) 39 35 35
Total Common Equity ($ millions) 2,444 2,123 1,764
NON-GAAP MEASURES
ROE – Adjusted (%) 9.9 10.9 10.0
Total Debt, excluding securitization debt ($ millions) 2,308 2,376 1,723
Debt to Capital, excluding securitization debt (%) 48.2 52.4 48.9
Net Debt to Net Capital, excluding securitization debt (%) 48.2 49.7 48.7
Totals may not foot due to rounding.
UTILITY FINANCIAL RESULTS
--- --- --- ---
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
2021 2020 2019
SYSTEM ENERGY RESOURCES, INC.
As-Reported Net Income ($ millions) 107 99 99
Less Adjustments ($ millions) — (16) —
Adjusted Earnings ($ millions) 107 115 99
GAAP MEASURES
ROE – As-Reported (%) 9.8 11.1 13.7
Debt to Capital (%) 40.4 42.7 43.5
Total Debt ($ millions) 741 805 548
Total Equity ($ millions) 1,091 1,081 712
NON-GAAP MEASURES
ROE – Adjusted (%) 9.8 12.8 13.7
Net Debt to Net Capital (%) 37.4 34.2 40.2
Totals may not foot due to rounding.
UTILITY SECURITIES DETAIL
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY ARKANSAS, LLC
FIRST CURRENT OR
BONDS: MATURITY CALL OR FIRST AS OF DECEMBER 31,
CUSIP TYPE* RATE DATE DATE CALL PRICE 2021 2020
( millions)
29364DAQ3 M 3.75 % 2/21 Now MW (T + .20%) $ — $ 350
29364DAR1 M 3.05 % 6/23 Now MW (T + .20%) 250 250
29364DAS9 M 3.70 % 6/24 Now MW (T + .15%) 375 375
29364DAU4 M 3.50 % 4/26 Now MW (T + .20%) 600 600
29364DAV2 M 4.00 % 6/28 Now MW (T + .20%) 350 350
29364DAT7 M 4.95 % 12/44 Now MW (T + .30%) 250 250
29366MAA6 M 4.20 % 4/49 Now MW (T + .20%) 350 350
29364D100 M 4.88 % 9/66 Now 100 % 410 410
29366MAB4 M 2.65 % 6/51 Now MW (T + .20%) 675 675
29366MAC2 M 3.35 % 6/52 Now MW (T + .20%) 400 —
453424BT9 G(a,d) 2.38 % 1/21 Non-Call Life — 45
3,660 3,655
OTHER LONG-TERM DEBT:
76824*AV6 3.65 % 7/21 Now MW (T + .50%) — 90
76824*AW4 3.17 % 12/23 Now MW (T + .50%) 40 40
76824*AX2 1.84 % 7/26 Now MW (T + .50%) 90 —
1.17 % 6/24 5 12
192 192
3 7
(33) (31)
2 2
TOTAL LONG-TERM DEBT 3,959 3,968
Less Amount Due Within One Year — 485
Long-Term Debt Excluding Amount Due Within One Year $ 3,959 $ 3,483
Fair Value of Long-Term Debt(c) $ 3,984 $ 4,164
Weighted-average annualized coupon rate (e) 3.6 % 3.7 %
*M = Mortgage Bond; G = Governmental Bond
(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) 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.
(c) 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 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(d) The bonds are secured by a series of collateral first mortgage bonds.
(e) Rate calculation only includes Bonds, VIE notes, and Securitization Bonds
Totals may not foot due to rounding.

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 2021 2020 2021 2020
( 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
(a) Dollar amount outstanding is net of preferred stock issuance costs.
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY LOUISIANA, LLC
CURRENT
BONDS: MATURITY FIRST CALL OR FIRST AS OF DECEMBER 31,
CUSIP RATE DATE DATE CALL PRICE 2021 2020
( millions)
29364WAN8 4.80 % 05/21 Now MW (T + .25%) —
29364WAR9 3.30 % 12/22 Now MW (T + .25%) 200 200
29364WAS7 4.05 % 09/23 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 % 4/25 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 % 09/27 Now MW (T + .15%) 450 450
29364WAW8 3.25 % 4/28 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 % 11/23 Now 100% 1,100 1,100
29364WBE7 1.60 % 12/30 Now MW (T+.15%) 300 300
29364WBH0 2.35 % 6/32 Now MW (T+.15%) 500 —
29364WBJ6 3.10 % 6/41 Now MW (T+.15%) 500 —
29364WBK3 0.95 % 10/24 10/1/22 100% 1,000 —
5463984Y1 3.38 % 09/28 Now 100% — 84
5463984Z8 3.50 % 06/30 Now 100% — 115
54628CUG5 2.00 % 6/30 4/1/26 100% 16 —
54628CUH3 2.50 % 4/36 4/1/26 100% 182 —
OTHER LONG-TERM DEBT:
1.32 % 6/26 125 —
76822*AM8 3.92 % 2/21 Now MW (T + .50%) — 40
76822*AN6 3.22 % 12/23 Now MW (T + .50%) 20 20
76803@AU1 2.51 % 6/27 Now MW (T + .50%) 70 70
1.15 % 6/24 43 19
1.16 % 6/24 40 39
29366AAA2 2.04 % 6/21 — 11
(8) (3)
(68) (61)
4 4
TOTAL LONG-TERM DEBT 10,914 9,027
Less Amount Due Within One Year 200 240
Long-Term Debt Excluding Amount Due Within One Year 10,714 8,787
Fair Value of Long-Term Debt(b) 11,493 10,258
Weighted-average annualized coupon rate (d) 3.1 % 3.5 %
*M = Mortgage Bond; G = Governmental Bond

All values are in US Dollars.

(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(c) The bonds are secured by a series of collateral first mortgage bonds.
(d) Rate calculation only includes Bonds, VIE notes, and Securitization Bonds
Totals may not foot due to rounding.
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
--- --- --- --- --- --- --- --- --- ---
ENTERGY MISSISSIPPI, LLC
CURRENT
BONDS: MATURITY FIRST CALL OR FIRST AS OF DECEMBER 31,
CUSIP TYPE* RATE DATE DATE CALL PRICE 2021 2020
( millions)
29364NAR9 M 3.10 % 7/23 Now MW (T + .25%) 250 250
29364NAS7 M 3.75 % 7/24 Now MW (T + .15%) 100 100
29364NAU2 M 3.25 % 12/27 Now MW (T + .15%) 150 150
29364NAT5 M 2.85 % 6/28 Now MW (T + .20%) 375 375
29365*AA6 M 4.52 % 12/38 Now MW (T + .50%) 55 55
29366WAA4 M 3.85 % 6/49 Now MW (T + .20%) 435 435
29364N108 M 4.90 % 10/66 10/1/21 100% 260 260
29366WAB2 M 3.50 % 6/51 Now MW (T + .35%) 370 170
29366WAC0 M 2.55 % 12/33 Now MW (T + .20%) 200 —
2,195 1,795
OTHER LONG-TERM DEBT:
6 4
(21) (18)
TOTAL LONG-TERM DEBT 2,180 1,781
Less Amount Due Within One Year — —
Long-Term Debt Excluding Amount Due Within One Year 2,180 1,781
Fair Value of Long-Term Debt(a) 2,346 2,021
Weighted-average annualized coupon rate (b) 3.5 3.6
*M = Mortgage Bond
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(b) Rate calculation only includes Bonds
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY NEW ORLEANS, LLC
CURRENT
BONDS: MATURITY FIRST CALL OR FIRST AS OF DECEMBER 31,
CUSIP TYPE* RATE DATE DATE CALL PRICE 2021 2020
( millions)
29364PAN3 M 3.90 % 07/23 Now MW (T + .30%) 100 100
29364PAP8 M 4.00 % 6/26 Now MW (T + .35%) 85 85
29365@AA4 M 4.51 % 9/33 Now MW (T + .50%) 60 60
29364P509 M 5.00 % 12/52 Now 100 % 30 30
29364P103 M 5.50 % 4/66 Now 100 % 110 110
29365@AB2 M 3.00 % 3/25 Now MW (T + .50%) 78 78
29365@AC0 M 3.75 % 3/40 Now MW (T + .50%) 62 62
29365@AD8 M 4.19 % 11/31 Now MW (T + .50%) 90 —
29365@AE6 M 4.51 % 11/36 Now MW (T + .50%) 70 —
685 525
OTHER LONG-TERM DEBT:
29277VAA4 2.67 % 6/27 31 43
3.00 % 5/22 — 70
2.50 % 5/23 70 —
11/35 11 13
— —
(9) (8)
TOTAL LONG-TERM DEBT 788 642
Less Amount Due Within One Year 1 2
Long-Term Debt Excluding Amount Due Within One Year 787 641
Fair Value of Long-Term Debt(a) 766 621
Weighted-average annualized coupon rate (b) 4.2 4.1
*M = Mortgage
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(b) Rate calculation only includes Bonds and Securitization Bonds
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY TEXAS, INC.
CURRENT
BONDS: MATURITY FIRST CALL OR FIRST AS OF DECEMBER 31,
CUSIP TYPE* RATE DATE DATE CALL PRICE 2021 2020
( millions)
29365TAE4 M 2.55 % 6/21 Now MW (T + .20%) — 125
29365TAC8 M 4.10 % 9/21 Now MW (T + .35%) — 75
29365TAF1 M 3.45 % 12/27 Now MW (T + .20%) 150 150
29365TAG9 M 4.00 % 3/29 Now MW (T + .25%) 300 300
29365TAH7 M 4.50 % 3/39 Now MW (T + .25%) 400 400
29365TAD6 M 5.15 % 6/45 Now MW (T + .35%) 250 250
29365TAJ3 M 3.55 % 9/49 Now MW (T + .20%) 475 475
29365TAK0 M 1.75 % 3/31 Now MW (T + .20%) 600 600
29365TAL8 M 1.50 % 9/26 Now MW (T + .15%) 130
2,305 2,375
OTHER LONG-TERM DEBT:
29365QAC4 0.0593% 6/22 — 17
29365KAC7 0.0438% 11/23 54 106
14 14
(19) (19)
TOTAL LONG-TERM DEBT 2,354 2,494
Less Amount Due Within One Year — 200
Long-Term Debt Excluding Amount Due Within One Year 2,354 2,294
Fair Value of Long-Term Debt(a) 2,484 2,765
Weighted-average annualized coupon rate (b) 3.4 3.5
*M = Mortgage Bond
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(b) Rate calculation only includes Bonds and Securitization Bonds
Totals may not foot due to rounding.

All values are in US Dollars.

SHARES
PREFERRED STOCK: AS OF DECEMBER 31, AS OF DECEMBER 31,
CUSIP 2021 2020 2021 2020
( millions)
29365T302 % 1,400,000 1,400,000 $ 35 $ 35
N/A % 150,000 — 4 —
1,550,000 1,400,000 $ 39 $ 35
Totals may not foot due to rounding.

All values are in US Dollars.

SYSTEM ENERGY RESOURCES, INC.
CURRENT
BONDS: MATURITY FIRST CALL OR FIRST AS OF DECEMBER 31,
CUSIP TYPE* RATE DATE DATE CALL PRICE 2021 2020
( millions)
605279MG0 G(a) 2.50 % 4/22 Now 100% 50 134
605279MK1 G(a) 2.38 % 6/44 6/26 100% 84 —
871911AS2 M 4.10 % 4/23 Now MW (T + 0.40%) 250 250
871911AT0 M 2.14 % 12/25 Now MW (T + 0.30%) 200 200
584 584
OTHER LONG-TERM DEBT:
76823#AT8 3.42 % 4/21 — 100
76823#AU5 2.05 % 90 90
1.16 % 6/24 36 —
361561AA1 5.13 % 9/27 34 34
— —
(3) (3)
TOTAL LONG-TERM DEBT 741 805
Less Amount Due Within One Year 50 100
Long-Term Debt Excluding Amount Due Within One Year 691 705
Fair Value of Long-Term Debt(b) 743 841
Weighted-average annualized coupon rate (c) 2.9 3.0
*M = Mortgage Bond; G = Governmental Bond
(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 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(c) Rate calculation only includes Bonds and VIE notes
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
UTILITY TOTAL CAPABILITY
OWNED &
OPERATED LEASED OPERATED
As of December 31, 2021 PLANTS UNITS (MW)(a) (MW)(b)
Plants that use fuel type:
Gas/Oil 26 48 16,933 17,716
Coal 3 5 2,097 4,051
Petroleum Coke 1 2 — 190
Total Fossil 30 55 19,030 21,957
Hydro 3 7 72 146
Nuclear 4 5 5,222 5,362
Solar 4 4 29 28
Total Capability 41 71 24,353 27,493
All plants that have units with multiple fuel types are in the Gas & Oil plant count.
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Certain Entergy subsidiaries jointly own electric generating facilities with affiliates or third parties, which Entergy operates for the participating parties.
UTILITY SELECTED OPERATING DATA
--- --- --- ---
2021 2020 2019
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 61,828 60,734 52,672
Coal 7,693 4,169 8,214
Nuclear 41,352 37,807 37,484
Hydro 177 209 224
Solar 36 6 5
Total Net Generation 111,086 102,925 98,600
Purchased Power:
Affiliated Companies — — —
Non-affiliated Companies 24,709 26,651 34,647
Total Purchased Power 24,709 26,651 34,647
Total Sources of Energy 135,795 129,576 133,246
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 35,669 35,173 36,093
Commercial 26,818 26,465 28,754
Industrial 49,819 47,117 48,484
Governmental 2,438 2,415 2,578
Total Retail 114,744 111,170 115,909
Sales for Resale 16,656 13,658 13,210
Unbilled Energy (434) 40 (83)
Total Electric Energy Sales 130,966 124,868 129,036
Line Losses and Company Usage 4,828 4,709 4,210
Total Uses of Energy 135,794 129,577 133,246
Electric Energy Sales (Weather Adjusted)(GWh):
Residential 35,724 36,396 35,446
Commercial 26,866 26,639 28,490
Industrial 49,820 47,117 48,483
Governmental 2,437 2,399 2,561
Total Weather Adjusted Sales 114,847 112,551 114,980
Peak Demand (MW) 22,051 21,340 21,598
Operational Summer Capacity at Peak (MW) 26,827 25,665 23,887
Annual System Load Factor (%) 62 62 64
Retail Electric Sales Growth Rate (%) 3.2 (4.1) (1.4)
Retail Electric Sales Weather-Adjusted Growth Rate (%) 2.0 (2.1) (0.8)
Average Fuel Cost (cents/KWh)
Natural Gas 3.75 1.92 2.33
Nuclear Fuel 0.56 0.57 0.73
Coal 2.48 2.54 2.31
Purchased Power 5.82 4.36 4.86
MISO Purchases 4.08 2.48 2.71
Certain prior year data has been reclassified to conform with current year presentation.
Totals may not foot due to rounding.
UTILITY STATISTICAL INFORMATION
--- --- --- --- --- --- --- --- --- ---
2021 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION
E-LA E-MS E-NO E-TX SERI ELIMINATIONS UTILITY %
ELECTRIC OPERATING REVENUES ( thousands)
Residential 1,484,612 578,258 269,893 766,312 — — 3,981,848 37 %
Commercial 1,055,825 439,950 208,104 425,927 — — 2,610,207 26 %
Industrial 1,771,311 150,698 30,751 492,949 — — 2,942,370 27 %
Governmental 82,503 46,248 71,584 26,238 — — 245,685 2 %
Total Retail 4,394,252 1,215,154 580,331 1,711,426 — — 9,780,111 93 %
Sales for Resale 391,424 124,632 88,349 145,719 545,561 (1,005,552) 601,924 3 %
Other 208,784 66,560 3,553 45,366 25,287 (5,370) 492,031 4 %
Total Electric Operating Revenues 4,994,459 1,406,346 672,233 1,902,511 570,848 (1,010,922) 10,874,066 100 %
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 31,257 10,760 2,530 9,627 — — 61,828 40 %
Coal 1,081 1,021 — 796 — — 7,693 6 %
Nuclear 17,227 — — — 10,593 — 41,352 28 %
Hydro — — — — — — 177 — %
Solar — 1 35 — — — 36 — %
Total Net Generation 49,566 11,782 2,565 10,423 10,593 — 111,086 74 %
Purchased Power:
Affiliated Companies 3,605 4,232 4,564 2,945 — (19,160) — —
Non-affiliated Companies 11,072 1,694 713 9,426 — — 24,710 26 %
Total Purchased Power 14,676 5,925 5,278 12,371 — (19,160) 24,710 26 %
Total Sources of Energy 64,242 17,707 7,843 22,794 10,593 (19,160) 135,795 100 %
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 13,588 5,568 2,258 6,201 — — 35,669 31 %
Commercial 10,385 4,469 1,978 4,494 — — 26,818 25 %
Industrial 29,869 2,298 415 8,729 — — 49,819 42 %
Governmental 792 409 757 256 — — 2,439 2 %
Total Retail 54,633 12,744 5,407 19,680 — — 114,744 100 %
Sales for Resale 7,714 4,364 2,369 2,372 10,593 (19,160) 16,656 —
Unbilled Energy (38) (102) (61) (44) — — (434) —
Total Electric Energy Sales 62,309 17,006 7,715 22,008 10,593 (19,160) 130,966 —
Line Losses and Company Usage 1,933 701 128 786 — — 4,828 —
Total Uses of Energy 64,242 17,707 7,843 22,794 10,593 (19,160) 135,794 —
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.93 10.39 11.95 12.36 — — 11.16 —
Commercial 10.17 9.84 10.52 9.48 — — 9.73 —
Industrial 5.93 6.56 7.42 5.65 — — 5.91 —
Governmental 10.42 11.31 9.46 10.25 — — 10.07 —
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 946,961 382,550 188,222 424,701 — — 2,543,945 85 %
Commercial 133,740 68,115 17,306 52,360 — — 372,116 12 %
Industrial 11,907 4,398 1,701 6,445 — — 50,169 2 %
Governmental 8,189 5,219 1,930 2,120 — — 18,232 1 %
Total Retail Customers 1,100,797 460,282 209,159 485,626 — — 2,984,462 100 %
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY ARKANSAS, LLC
2020 2019
ELECTRIC OPERATING REVENUES ( thousands)
Residential 841,162 795,269
Commercial 466,273 538,850
Industrial 461,907 520,958
Governmental 18,011 20,795
Total Retail 1,787,352 1,875,873
Sales for Resale 173,115 257,864
Other 124,026 125,858
Total Electric Operating Revenues 2,084,494 2,259,594
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 6,358 8,836
Coal 2,719 4,882
Nuclear 15,058 13,575
Hydro 209 224
Total Net Generation 24,344 27,517
Purchased Power:
Affiliated Companies 2,105 3,578
Non-affiliated Companies 1,533 1,122
Total Purchased Power 3,638 4,700
Total Sources of Energy 27,982 32,217
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 7,584 7,996
Commercial 5,356 5,822
Industrial 7,586 7,759
Governmental 223 241
Total Retail 20,748 21,818
Sales for Resale 5,856 9,385
Unbilled Energy — 24
Total Electric Energy Sales 26,604 31,227
Line Losses and Company Usage 1,378 990
Total Uses of Energy 27,983 32,217
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 11.09 9.95
Commercial 8.71 9.26
Industrial 6.09 6.71
Governmental 8.08 8.63
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 600,286 595,315
Commercial 95,810 95,320
Industrial 25,134 23,382
Governmental 696 667
Total Retail Customers 721,926 714,684
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY ARKANSAS, LLC
GENERATION PORTFOLIO
PLANT TOTAL PLANT – 2021
OWNED & 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(d) (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Lake Catherine 4 100 % 1970 522 Gas/Oil Peaking 11,869 1 262 130,551 189,085 408.6 77,264
Ouachita 1 100 % 2002 236 Gas Intermediate 7,229 2 43 327,266 Dry LNB, SCR 1,625,692 32.5 52,816
2 100 % 2002 239 Gas Intermediate 2 55 404,029 Dry LNB, SCR
Hot Spring 1 100 % 2002 594 Gas Intermediate 7,178 6 91 1,104,697 Dry LNB, SCR 2,534,292 44.5 112,698
Independence 1 31.5 % 1983 259 Coal Base 10,139 2,092 661 943,573 5 LNB w/Sep OFA, ESP, ACI 789,942 33.6 26,517
White Bluff 1 57 % 1980 466 Coal Base 10,448 4,839 1,560 2,106,130 14 LNB w/Sep OFA, ESP, ACI 1,741,035 29.8 119,436
2 57 % 1981 468 Coal Base 5,720 1,839 2,504,858 15 LNB w/Sep OFA, ESP, ACI 2,263,867
Carpenter 1 100 % 1932 31 Hydro Peaking 137,743 13.0 1,787
2 100 % 1932 30 Hydro Peaking
Remmel 1 100 % 1925 4 Hydro Peaking 38,839 37.9 1,471
2 100 % 1925 4 Hydro Peaking
3 100 % 1925 4 Hydro Peaking
Union Power Station 2 100 % 2003 501 Gas Intermediate 7,287 7 140 1,427,918 Dry LNB, SCR 3,304,772 30.5 100,924
Arkansas 1 100 % 1974 832 Nuclear PWR(c) Base 10,352 6,560,105 22.8 308,612
Nuclear One 2 100 % 1980 987 Nuclear PWR(c) Base 6,971,344
Total 5,175 12,668 4,650 8,949,022 35 26,156,716 30.6 801,525
(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 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) PWR = Pressurized Water Reactor.
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Total may not foot due to rounding.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY LOUISIANA, LLC
2020 2019
ELECTRIC OPERATING REVENUES ( thousands)
Residential 1,270,187 1,270,478
Commercial 886,548 947,412
Industrial 1,314,234 1,450,966
Governmental 68,901 71,046
Total Retail 3,539,870 3,739,902
Sales for Resale 333,594 333,394
Other 145,599 149,731
Total Electric Operating Revenues 4,019,063 4,223,027
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 31,528 27,773
Coal 416 1,100
Nuclear 16,929 13,981
Hydro — —
Total Net Generation 48,873 42,854
Purchased Power:
Affiliated Companies 2,648 3,608
Non-affiliated Companies 11,821 17,959
Total Purchased Power 14,469 21,567
Total Sources of Energy 63,342 64,421
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 13,771 14,046
Commercial 10,465 11,353
Industrial 28,881 29,801
Governmental 779 827
Total Retail 53,896 56,027
Sales for Resale 7,950 6,738
Unbilled Energy (103) (16)
Total Electric Energy Sales 61,743 62,749
Line Losses and Company Usage 1,599 1,672
Total Uses of Energy 63,342 64,421
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 9.22 9.05
Commercial 8.47 8.34
Industrial 4.55 4.87
Governmental 8.84 8.59
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 944,762 940,071
Commercial 132,352 132,364
Industrial 10,956 10,654
Governmental 7,996 8,003
Total Retail Customers 1,096,066 1,091,092
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY LOUISIANA, LLC
GENERATION PORTFOLIO
PLANT TOTAL PLANT – 2021
OWNED & AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION(d) (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Acadia 2 100 % 2002 523 Gas Intermediate 7,494 5 82 1,008,033 SCR 2,324,685 37.0 86,127
Little Gypsy 2 100 % 1966 415 Gas/Oil Intermediate 12,484 1 188 186,030 BOOS/Combus Mod/Fuel Reburn 583,291 86.4 50,402
3 100 % 1969 412 Gas/Oil Intermediate 1 598 258,476 BOOS/IFGR
Ninemile Point 4 100 % 1971 709 Gas/Oil Intermediate 10,192 7 2,782 1,424,844 BOOS/IFGR 4,473,724 51.1 228,667
5 100 % 1973 742 Gas/Oil Intermediate 7 2,900 1,284,917 BOOS/IFGR
6 100 % 2014 555 Gas/Oil Intermediate 7,041 8 179 1,614,696 SCR, O2 Catalyst, Water/Steam Injection 3,907,686 32.8 128,363
Perryville 1 100 % 2002 522 Gas Intermediate 7,147 5 114 921,016 Dry LNB, SCR 2,240,515 41.0 93,559
2 100 % 2001 150 Gas Peaking — 9 34,381 None 43,357
J. Wayne Leonard 1 100 % 2019 907 Gas Intermediate 6,825 11 122 2,107,636 Dry LNB, SCR, O2 Catalyst 4,997,937 39.4 197,132
Lake Charles 1 100 % 2020 922 Gas Intermediate 6,778 11 126 2,227,965 DLNB/SCR, O2 Catalyst 5,529,778 42.9 237,013
Sterlington 7 100 % 1974 45 Gas/Oil Peaking 13,543 — 23 5,979 5,704 7,601
Waterford 1 100 % 1975 — Gas/Oil Reserve 11,865 — 12 8,459 LNCB 230,311 92.4 21,291
2 100 % 1975 405 Gas/Oil Intermediate 1 192 156,335 LNCB
4 100 % 2009 31 Oil Peaking 1 4 4,611 Water/Steam Injection
LA Station 2 10 100 % 1950 — Gas Reserve 470
11 100 % 1950 — Gas Reserve
12 100 % 1953 — Gas Reserve
Roy S. Nelson 4 100 % 1970 — Gas/Oil Reserve Combus Mod/Fuel Reburn 812
Calcasieu 1 100 % 2000 142 Gas Peaking 8,069 — 27 29,600 Dry LNB 45,039 134.6 9,949
2 100 % 2001 158 Gas Peaking — 14 20,345 Dry LNB 28,895
Ouachita 3 100 % 2002 242 Gas Intermediate 7,515 3 63 503,696 Dry LNB, SCR 1,114,222 34.5 38,465
Roy S. Nelson 6 40 % 1982 210 Coal Base 11,509 1,946 572 759,801 4 LNB w/ Sep OFA, ESP, ACI 601,435 44.9 26,987
Big Cajun 2 3 24 % 1983 130 Coal Base 11,372 1,628 334 572,684 4 LNB w/ OFA, ESP, ACI 479,498 41.8 20,049
River Bend 1 100 % 1986 967 Nuclear BWR(c) Base 10,905 7,428,599 28.7 213,273
Washington Parish 1 100 % 2020 183 Gas Peaking — 12 53,481 LNB 178,005 17,254
2 100 % 2020 184 Gas Peaking — 10 48,013 LNB
Waterford 3 100 % 1985 1,173 Nuclear PWR(c) Base 10,790 9,798,865 23.2 227,149
Union Power Station 3 100 % 2003 506 Gas Intermediate 7,172 6 131 1,227,263 Dry LNB, SCR 2,862,345 32.9 182,567
4 100 % 2003 508 Gas Intermediate 6 117 1,153,666 Dry LNB, SCR 2,691,619
Total 10,741 3,647 8,609 15,611,927 8 49,565,510 36.1 1,787,130
(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), Low NOx Cell Burner (LNCB), Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Water/Steam Injection, Flue Gas Recirculation (FGR), Induced Flue Gas Recirculation (IFGR), Burners-out-of-service (BOOS) and Activated Carbon Injection (ACI). Currently have no SO2 or CO2 control equipment operating on any unit.
(c) BWR = Boiling Water Reactor; PWR = Pressurized Water Reactor.
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Totals may not foot due to rounding.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY MISSISSIPPI, LLC
2020 2019
ELECTRIC OPERATING REVENUES ( thousands)
Residential 523,379 562,219
Commercial 395,875 444,173
Industrial 145,100 164,491
Governmental 41,955 44,300
Total Retail 1,106,309 1,215,183
Sales for Resale 77,530 39,295
Other 64,015 68,566
Total Electric Operating Revenues 1,247,854 1,323,044
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 12,761 7,647
Coal 723 1,411
Nuclear — —
Hydro — —
Solar 2 2
Total Net Generation 13,486 9,060
Purchased Power:
Affiliated Companies 2,336 3,971
Non-affiliated Companies 1,650 2,752
Total Purchased Power 3,987 6,723
Total Sources of Energy 17,473 15,783
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 5,378 5,659
Commercial 4,283 4,698
Industrial 2,343 2,443
Governmental 398 436
Total Retail 12,402 13,236
Sales for Resale 4,316 1,776
Unbilled Energy 58 (78)
Total Electric Energy Sales 16,776 14,934
Line Losses and Company Usage 696 849
Total Uses of Energy 17,472 15,783
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 9.73 9.93
Commercial 9.24 9.45
Industrial 6.19 6.73
Governmental 10.54 10.16
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 381,617 377,158
Commercial 65,131 64,488
Industrial 3,827 3,971
Governmental 5,146 5,130
Total Retail Customers 455,721 450,747
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY MISSISSIPPI, LLC
GENERATION PORTFOLIO
PLANT TOTAL PLANT – 2021
OWNED & AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Attala 1 100 % 2001 458 Gas Intermediate 7,046 5 101 1,052,615 Dry LNB, SCR 2,487,341 30.7 76,268
Hinds 1 100 % 2001 454 Gas Intermediate 7,080 7 123 1,434,131 Dry LNB, SCR 3,479,355 30 104,518
2 100 % 2019 27 Gas Peaking 3 5,285 7,675
Baxter Wilson 1 100 % 1967 494 Gas/Oil Intermediate 10,718 2 900 462,654 740,373 51.8 38,317
Choctaw 1 100 % 2003 797 Gas Intermediate 6,969 8 125 1,659,898 Dry LNB, SCR 3,884,090 32.6 126,551
Gerald Andrus 1 100 % 1975 707 Gas/Oil Intermediate 12,578 1 263 123,711 OFA 160,333 146.4 23,478
Independence 1 25 % 1983 205 Coal Base 10,514 1,660 524 748,868 4 LNB w/Sep OFA, <br>ESP, ACI 626,880 34.7 35,453
2 25 % 1984 106 Coal Base 1,100 359 482,858 3 LNB w/Sep OFA, <br>ESP, ACI 394,454
DeSoto Solar 1 100 % 2015 0.5 Solar N/A 512 29.9 15
Brookhaven Solar 1 100 % 2015 0.5 Solar N/A 514 9.0 5
Hinds Solar 1 100 % 2015 0.5 Solar N/A 380 80.1 30
Total 3,251 2,784 2,398 5,970,020 7 11,781,906 34.3 404,635
(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 Plan 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.
Totals may not foot due to rounding.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY NEW ORLEANS, LLC
2020 2019
ELECTRIC OPERATING REVENUES ( thousands)
Residential 243,502 245,081
Commercial 179,406 202,138
Industrial 24,248 31,824
Governmental 59,819 70,865
Total Retail 506,975 549,908
Sales for Resale 33,213 38,626
Other 20,444 5,883
Total Electric Operating Revenues 560,632 594,417
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 3,060 2,975
Coal — —
Nuclear — —
Hydro — —
Solar 4 3
Total Net Generation 3,064 2,978
Purchased Power:
Affiliated Companies 3,801 4,401
Non-affiliated Companies 671 572
Total Purchased Power 4,471 4,973
Total Sources of Energy 7,535 7,951
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 2,294 2,353
Commercial 1,975 2,215
Industrial 423 438
Governmental 755 815
Total Retail 5,447 5,821
Sales for Resale 1,969 1,961
Unbilled Energy (9) 18
Total Electric Energy Sales 7,407 7,800
Line Losses and Company Usage 127 151
Total Uses of Energy 7,535 7,951
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.61 10.42
Commercial 9.08 9.13
Industrial 5.74 7.27
Governmental 7.93 8.70
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 186,299 184,399
Commercial 17,179 17,198
Industrial 1,707 1,832
Governmental 1,940 1,915
Total Retail Customers 207,125 205,344
Totals may not foot due to rounding.
On Sept. 1, 2015, E-LA transferred its Algiers assets to E-NO. The effect of the Algiers transfer has been retrospectively applied to E-NO's data presented above.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY NEW ORLEANS, LLC
GENERATION PORTFOLIO
PLANT TOTAL PLANT – 2021
OWNED & AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Union Power Station 1 100 % 2003 509 Gas Intermediate 7,333 5 107 1,019,762 Dry LNB, SCR 2,365,824 38.7 91,674
New Orleans Solar Power Plant (+Battery) 1 100 % 2016 1 (0.5(c)) Solar N/A 223 174.1 39
New Orleans Power Station 1 100 % 2020 130 Gas Intermediate 6,678 — 15 101,942 163,725 71.1 11,635
New Orleans Solar Station 1 100 % 2020 20 Solar N/A 32,716
New Orleans Residential Rooftop Solar 1 100 % 2020 0.5 Solar N/A
New Orleans Commercial Rooftop Solar 1 100 % 2020 5 Solar N/A 2,527
Total 666 6 123 1,121,704 2,565,014 40.3 103,348
(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.
Totals may not foot due to rounding.
SYSTEM ENERGY RESOURCES, INC.
--- --- --- ---
2021 2020 2019
ELECTRIC OPERATING REVENUES ($ thousands) 570,848 495,458 573,410
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil
Coal
Nuclear 10,593 5,820 9,928
Hydro
Total Net Generation 10,593 5,820 9,928
Purchased Power
Total Sources of Energy 10,593 5,820 9,928
USES OF ENERGY (GWh)
Electric Energy Sales 10,593 5,849 9,940
Unbilled Energy
Line Losses and Company Usage (29) (12)
Total Uses of Energy 10,593 5,820 9,928
Totals may not foot due to rounding.
SYSTEM ENERGY RESOURCES, INC.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
GENERATION PORTFOLIO
PLANT TOTAL PLANT – 2021
OWNED & AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION(c) (tons) (tons) (tons) (lbs) TECHNOLOGY (MWH) MWH ($ thousands)
Grand Gulf 1 90% 1985 1,263 Nuclear BWR(b) Base 10,618 — — — — 10,593,431 23.2 245,290
Total 1,263 10,593,431 23.2 245,290
(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) BWR = Boiling Water Reactor.
(c) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Totals may not foot due to rounding.
UTILITY STATISTICAL INFORMATION
--- --- ---
ENTERGY TEXAS, INC.
2020 2019
ELECTRIC OPERATING REVENUES ( thousands)
Residential 672,087 658,453
Commercial 364,638 343,013
Industrial 385,681 373,048
Governmental 23,445 21,464
Total Retail 1,445,851 1,395,978
Sales for Resale 100,273 59,074
Other 41,121 33,902
Total Electric Operating Revenues 1,587,245 1,488,954
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 7,027 5,441
Coal 311 821
Nuclear — —
Hydro — —
Total Net Generation 7,338 6,262
Purchased Power:
Affiliated Companies 3,404 2,847
Non-affiliated Companies 10,977 12,242
Total Purchased Power 14,381 15,089
Total Sources of Energy 21,719 21,351
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 6,146 6,039
Commercial 4,386 4,667
Industrial 7,885 8,043
Governmental 260 259
Total Retail 18,677 19,008
Sales for Resale 2,013 1,815
Unbilled Energy 93 (31)
Total Electric Energy Sales 20,783 20,792
Line Losses and Company Usage 937 559
Total Uses of Energy 21,720 21,351
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.94 10.90
Commercial 8.31 7.35
Industrial 4.89 4.64
Governmental 9.02 8.29
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 414,438 403,793
Commercial 50,582 50,025
Industrial 5,681 5,481
Governmental 2,025 2,053
Total Retail Customers 472,726 461,352
Totals may not foot due to rounding.

All values are in US Dollars.

UTILITY STATISTICAL INFORMATION
ENTERGY TEXAS, INC.
GENERATION PORTFOLIO
PLANT TOTAL PLANT – 2021
OWNED & AVG BTU TOTAL
LEASED PER KWH Emissions NET EXPENSES PRODUCTION
COMMERCIAL CAPABILITY NET SO2 NOx CO2 Hg GENERATION PER NET EXPENSE
PLANT UNIT OWNERSHIP OPERATION (MW)(a) FUEL TYPE PURPOSE GENERATION (tons) (tons) (tons) (lbs) TECHNOLOGY(b) (MWH) MWH ($ thousands)
Roy S. Nelson 6 30% 1982 155 Coal Base 11,509 1,438 423 561,592 3 LNB w/ Sep OFA, ESP, ACI 444,536 45.3 20,158
Big Cajun 2 3 18% 1983 96 Coal Base 11,455 1,204 247 423,288 3 LNB w/ OFA, ESP, ACI 351,849 42.1 14,818
Lewis Creek 1 100% 1970 250 Gas/Oil Intermediate 11,350 3 98 503,140 SCR 1,296,597 104.3 135,285
2 100% 1971 250 Gas/Oil Intermediate 2 65 341,507 SCR
Sabine 1 100% 1962 202 Gas/Oil Intermediate 11,029 1 197 157,780 3,249,333 53.7 174,526
3 100% 1966 380 Gas/Oil Intermediate 2 313 429,833 LNB w/ Sep OFA
4 100% 1974 500 Gas Intermediate 5 1,109 908,197 IFGR
5 100% 1979 437 Gas/Oil Intermediate 3 424 606,335 LNB w/ Closed-coupled OFA
Hardin County 1 100% 2010 73 Gas Peaking 2 6,555 Dry LNB 8,605 254.8 2,192
2 100% 2010 72 Gas Peaking 2.2 6,167 Dry LNB 8,265 —
Montgomery County 92% 2021 840 Gas Intermediate 6,802 11 116 2,080,686 Dry LNB, SCR, O2 Catalyst 5,080,621 35.7 181,307
Total 3,256 2,667 2,995 6,025,080 6 10,439,807 50.6 528,286
(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.
Totals may not foot due to rounding.
UTILITY STATISTICAL INFORMATION
--- --- --- ---
UTILITY NUCLEAR PLANT STATISTICS
The following table shows plant performance for 2019 – 2021 based on 18/24 month operating cycle.
CAPABILITY FACTOR (%) 2021 2020 2019
ANO 85.5 88.7 82.9
Grand Gulf 95.0 71.9 76.4
River Bend 89.1 84.7 79.8
Waterford 3 98.7 90.2 82.4
Entergy Southeast Average 90.7 84.8 80.9
Industry Average 92.0 93.5 93.4
The following table shows plant performance for 2021 and average for one three-year period.
--- --- ---
PRODUCTION COST ($/MWh) (a) 2021 2018-2020
ANO 22.8 26.6
Grand Gulf 23.2 32.2
River Bend 28.7 31.4
Waterford 3 23.2 25.1
Entergy Southeast Average 24.0 28.4
(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
--- --- --- --- ---
GRAND GULF RIVER BEND WATERFORD 3
UNIT 2
Owner 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<br>Engineering General Electric General Electric Combustion<br>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 – 2/21/21 – 9/25/20 –
11/29/2021 4/29/2022 3/20/2021 11/1/2020
Number of Days 65 62 28 37
Next Scheduled Refueling Spring 23 Spring 22 Spring 23 Spring 22
2021 Capability Factor (%) 81.4 95 89.1 98.7
( in millions as of December 31, 2021)
Net Book Value 1,994 1,592(c) 2,457
Decommissioning Trust Fair Values 1,385 1,317(c) 798
Decommissioning Liability 1,008 734(c) 888
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) ANO Units 1 and 2 are reported together.
(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities, and is included in non-utility property on the balance sheet. The decommissioning trust fund balance and decommissioning liability include amounts for the 30% not subject to rate regulation.

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 3
Method of Selection Appointed by Elected Elected Elected Appointed by
Governor Governor
Term of Office 6 years – 6 years – 4 years – 4 years – 6 years –
staggered staggered concurrent concurrent staggered
(2 term limit)
Chair/President Appointed by Selected by Rotates every Rotates annually Appointed by
Governor peers – 1 year 1 - 2 years, as from the Governor
term determined by members at-large positions
COMMISSION/COUNCIL MEMBERS
--- --- --- ---
CURRENT
PARTY SERVICE BEGAN TERM ENDS
ARKANSAS
Ted J. Thomas – Chairperson Republican 44576 44588
Kimberly A. O'Guinn Republican 44578 44584
Justin Tate Republican 44580 44586
LOUISIANA
Lambert C. Boissiere, III - Chairperson Democrat 1/05 12/22
Mike Francis - Vice-Chairperson Republican 11/16 12/22
Eric Skrmetta Republican 1/09 12/26
Craig Greene Republican 06/17 12/24
Foster L. Campbell, Jr. Democrat 1/03 12/26
MISSISSIPPI
Dane Maxwell – Chairperson Republican 1/20 12/23
Brent Bailey Republican 1/20 12/23
Brandon Presley Democrat 1/08 12/23
NEW ORLEANS
Helena Moreno Democrat 5/18 1/26
Jean Paul "JP" Morrell - Chairperson of Utility Committee Democrat 1/22 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
Peter Lake - Chairperson Republican 4/21 9/23
Will McAdams Republican 4/21 9/25
Lori Cobos Republican 6/21 9/25
Jimmy Glotfelty Republican 8/21 9/25
As of May 2022
ENTERGY WHOLESALE COMMODITIES
--- --- --- --- --- --- --- --- --- --- --- ---
EWC QUARTERLY FINANCIAL METRICS
2021 2020 FY
($ millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY CHANGE
GAAP MEASURES
As-Reported Earnings 38 (275) 26 90 (121) (110) 85 31 (68) (63) (58)
NON-GAAP MEASURES
Adjusted EBITDA 76 (338) 57 118 (87) 122 (15) 24 5 137 (224)
EWC ANNUAL FINANCIAL METRICS
--- --- --- ---
($ millions) 2021 2020 2019
GAAP MEASURES
As-Reported Earnings (121) (63) 149
NON-GAAP MEASURES
Adjusted EBITDA (87) 137 (13)
EWC QUARTERLY OPERATIONAL METRICS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
2021 2020 FY
1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY % CHANGE
Owned Capacity (MW) (a) 2,246 1,205 1,205 1,205 1,205 3,274 2,246 2,246 2,246 2,246 (46) %
GWh billed 4,413 2,687 2,166 2,065 11,328 6,757 4,958 4,332 4,442 20,489 (45) %
EWC Nuclear
Capacity Factor 99 % 94 % 97 % 100 % 97 % 99 % 96 % 83 % 89 % 93 % 4 %
GWh billed 3,988 2,356 1,702 1,790 9,836 6,259 4,580 3,943 4,081 18,863 (48) %
Production cost per MWh (b) $ 18.46 $ 27.51 $ 28.91 $ 28.76 $ 24.31 $ 15.42 $ 19.45 $ 21.85 $ 19.87 $ 18.58 31 %
(a) Pilgrim (688 MW) was shutdown May 31, 2019 and sold on August 26, 2019; Indian Point 2 (1,028 MW) was shutdown April 30, 2020; Indian Point 3 (1,041 MW) was shutdown April 30, 2021.
(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.
Totals may not foot due to rounding.
EWC ANNUAL OPERATIONAL METRICS
--- --- --- --- --- --- --- --- --- ---
2021 2020 2019
Owned Capacity (MW) (a) 1,205 2,246 3,274
GWh billed 11,328 20,489 28,088
EWC Nuclear
Capacity Factor 97 % 93 % 93 %
GWh billed 9,836 18,863 25,929
Production cost per MWh (b) $ 24.31 $ 18.58 $ 18.29
Totals may not foot due to rounding.
(a) James A. FitzPatrick Nuclear Station (838 MW) was sold in March 2017; Pilgrim (688 MW) was shutdown May 31, 2019 and sold on August 26, 2019; Indian Point 2 (1,028 MW) was shutdown April 30, 2020; Indian Point 3 (1,041 MW) was shutdown April 30, 2021.
(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.
EWC TOTAL CAPACITY
--- --- --- --- --- ---
OPERATED (a) OWNED CAPACITY
As of December 31, 2021 PLANTS UNITS MW MW %
Gas/Oil 1 1 425 213 18
Coal — — — 181 15
Total Fossil 1 1 425 394 33
Nuclear 3 3 1,611 811 67
Total Capacity 4 4 2,036 1,205 100
Totals may not foot due to rounding.
(a) Operated capacity includes management services contracts and excludes units operated by Entergy’s utility companies.
ENTERGY WHOLESALE COMMODITIES
--- --- --- ---
EWC NUCLEAR PLANT STATISTICS
PALISADES
NUCLEAR
PLANT
Entergy Purchase Date 39183
Commercial Operation Date December 71
License Expiration Date 47931
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
Upcoming Refueling Outages
2021 Capacity Factor % 99 %
Net Book Value of Plant and   Related Assets (50)
( in millions as of December 31, 2021)
Capacity Zone (ICAP/UCAP) MISO
Nearest Market Hub Indiana
(a) Indian Point physically located in NYISO Zone H.

All values are in US Dollars.

EWC NUCLEAR PLANT ADDITIONAL INFORMATION
PALISADES PILGRIM
NUCLEAR NUCLEAR
UNIT 2 UNIT 3 PLANT STATION
Decommissioning Trust Asset — — 576 —
Decommissioning Liability — — 682 (a) —
( in millions as of December 31, 2021)
Planned closing date n/a (c) n/a (d) 5/31/2022 n/a (e)
(a) Includes 42 million for Big Rock Point.
(b) Indian Point 1 has been shut down and in safe storage since the 1970s.
(c) Indian Point 2 was shutdown April 30, 2020.
(d) Indian Point 3 was shutdown April 30, 2021.
(e) Pilgrim was shutdown May 31, 2019 and sold on August 26, 2019.

All values are in US Dollars.

EWC NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS
NERC COMMERCIAL OWNERSHIP NET TOTAL FUEL TYPE
PLANT REGION OPERATION INTEREST MW MW TECHNOLOGY
Independence – Unit 2 SERC 1983 14% 121 842 Coal
Nelson 6 SERC 1982 11% 60 550 Coal
RS Cogen SERC 2002 50% 213 425 CCGT Cogen
Total 394 1,817
EWC NON-NUCLEAR WHOLESALE ASSETS PLANT EMISSIONS
--- --- --- --- --- --- ---
Emissions
PLANT PURPOSE SO2 (tons) NOx (tons) Co2 (tons) Hg (lbs) TECHNOLOGY (a)
Independence – Unit 2 Base 632 206 277,547 2 LNB w/Sep OFA, ESP, ACI
Nelson 6 Base 527 155 205,760 1 LNB w Sep OFA, ESP, ACI
RS Cogen Base 3 388 675,349 — Dry LNB/SCR
Totals may not foot due to rounding.
(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.
EWC NON-NUCLEAR WHOLESALE ASSETS
--- --- --- --- ---
EWC NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL
DEBT:
OUTSTANDING AS OF DECEMBER 31,
ENTERGY’S SHARE
($ millions) 2021 2020 MATURITY RATE
RS Cogen Senior Project Debt
Bank Portion(a) $— $— 10/17/2018 LIBOR + 2.25%
Institutional Portion $7 $17 10/15/2022 Fixed 8.73%
RS Cogen Subordinated Debt(b) $— $— 10/17/2017 LIBOR + 4.50%
(a) RS Cogen spread on bank portion increases over time from 1.375% to 2.375%.
(b) Debt outstanding includes Entergy's portion of accrued but unpaid interest on Entergy's portion of the RS Cogen subordinated debt since the project went into default on the subordinated credit facility in 2008.
VERMONT YANKEE CREDIT FACILITY
--- --- --- --- --- --- ---
OUTSTANDING AS OF DECEMBER 31, 2021 2020
% $139 139
SHARES OUTSTANDING
PREFERRED STOCK: AS OF DECEMBER 31,
( millions) 2021 2010 2020
Without Sinking Fund:
Entergy Finance Holding, Inc. 250,000 250,000 24 $ 24
Authorized 250,000 shares, 100 par value, cumulative
Total without sinking fund 250,000 250,000 24 $ 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
Refueling outage days Number of days lost for a scheduled refueling and maintenance outage during the period
Financial measures defined below include measures prepared in accordance with generally accepted accounting principles (GAAP), as well as non-GAAP measures.
Non-GAAP measures are included in this report in order to provide metrics that remove the effect of less routine financial impacts from commonly used financial metrics.
FINANCIAL MEASURES – GAAP
Return on average common equity (ROE) – as-reported 12-months rolling net income attributable to Entergy Corporation or subsidiary 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
Revolver capacity Amount of undrawn capacity remaining on corporate and subsidiary revolvers
Total debt Sum of short-term and long-term debt, notes payable and commercial paper, and capital leases on the balance sheet
Debt of joint ventures – Entergy’s share Entergy's share of debt issued by business joint ventures at EWC
Leases - Entergy’s share Operating leases held by subsidiaries capitalized at implicit interest rate
Debt to capital 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
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
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 End of period 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 adjusted 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 adjusted 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
2019-2021
( millions) 2020 2019
As-reported net income (loss) attributable to Entergy Corporation (A) 1,388 1,241
Adjustments (B) 250 177
Adjusted earnings, (non-GAAP) (A-B) 1,138 1,064
Average common equity (C) 10,575 9,534
( per share)
As-reported earnings per share (D) 6.90 6.30
Adjusted earnings per share (E) 5.66 5.40
Common dividend paid per share (F) 3.74 3.66
(%)
ROE – As-reported (A/C) 13.1 13.0
ROE – Adjusted (non-GAAP) ((A-B)/C) 10.8 11.2
Common dividend payout – As-reported % (F/D) 54 58
Common dividend payout – Adjusted % (F/E) 66 68
Calculations may differ due to rounding.

All values are in US Dollars.

REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21 2Q21 3Q21 4Q21 1Q20 2Q20 3Q20 4Q20
As-reported net income (loss) attributable to Entergy Corporation, rolling 12 1,604 1,238 1,248 1,118 1,105 1,230 1,385 1,388
months (A)
Adjustments, rolling 12 months (B) 399 32 45 (97) (31) 80 252 250
Adjusted earnings, rolling 12 months (non-GAAP) (A-B) 1,205 1,206 1,202 1,215 1,136 1,150 1,134 1,138
Average common equity (C) 10,621 10,657 11,012 11,282 9,597 10,112 10,403 10,575
(%)
ROE – As-reported (A/C) 15.1 11.6 11.3 9.9 11.5 12.2 13.3 13.1
ROE – Adjusted (non-GAAP) ((A-B)/C) 11.3 11.3 10.9 10.8 11.8 11.4 10.9 10.8
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
Total debt (A) 27,154 24,062 19,885
Less securitization debt (B) 84 175 298
Total debt, excluding securitization debt (A-B) 27,071 23,887 19,587
Less cash and cash equivalents (C) 443 1,759 426
Net debt, excluding securitization debt (A-B-C) 26,628 22,128 19,161
Total capitalization (D) 39,079 35,243 30,363
Less securitization debt (E) 84 175 298
Total capitalization, excluding securitization debt (D-E) 38,995 35,068 30,065
Less cash and cash equivalents (F) 443 1,759 426
Net capitalization, excluding securitization debt (D-E-F) 38,553 33,309 29,639
(%)
Debt to capital (A/D) 69.5 68.3 65.5
Debt to capital, excluding securitization debt ((A-B)/D-E)) 69.4 68.1 65.1
Net debt to net capital, excluding securitization debt ((A-B-C)/(D-E-F)) 69.1 66.4 64.6
Revolver capacity (G) 3,985 4,110 3,810
Storm escrows (L) 33 116 412
Gross liquidity (C+G) 4,428 5,869 4,236
Net liquidity (C+G-J) 3,227 4,241 2,289
Net liquidity, including storm escrows (C+G-J+L) 3,260 4,357 2,701
Entergy Corporation notes:
Due September 2020 — — 450
Due July 2022 650 650 650
Due September 2025 800 800 —
Due September 2026 750 750 750
Due June 2028 650 — —
Due June 2030 600 600 —
Due June 2031 650 — —
Due June 2050 600 600 —
Total parent long-term debt (H) 4,700 3,400 1,850
Revolver draw (I) 165 165 440
Commercial paper (J) 1,201 1,627 1,947
Unamortized debt issuance and discounts (K) (49) (38) (8)
Total parent debt (H)+(I)+(J)+(K) 6,017 5,154 4,229
Parent debt to total debt, excluding securitization debt % ((H)+(I)+(J)+(K))/(A-B) 22.2 21.6 21.6
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- --- --- --- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21 2Q21 3Q21 4Q21 1Q20 2Q20 3Q20 4Q20
Total debt (A) 25,803 25,435 25,695 27,154 21,465 21,493 22,127 24,062
Less securitization debt (B) 147 114 90 84 271 232 209 175
Total debt, excluding securitization debt (A-B) 25,656 25,321 25,605 27,071 21,193 21,261 21,918 23,887
Less cash and cash equivalents (C) 1,743 687 1,000 443 1,464 935 1,240 1,759
Net debt, excluding securitization debt (A-B-C) 23,914 24,634 24,605 26,628 19,730 20,326 20,678 22,128
Total capitalization (D) 37,075 36,577 37,202 39,079 31,943 32,173 33,153 35,243
Less securitization debt (E) 147 114 90 84 271 232 209 175
Total capitalization, excluding securitization debt (D-E) 36,928 36,463 37,112 38,995 31,672 31,941 32,944 35,068
Less cash and cash equivalents (F) 1,743 687 1,000 443 1,464 935 1,240 1,759
Net capitalization, excluding securitization debt (D-E-F) 35,185 35,777 36,112 38,553 30,208 31,006 31,704 33,309
(%)
Debt to capital (A/D) 69.6 69.5 69.1 69.5 67.2 66.8 66.7 68.3
Debt to capital, excluding securitization debt ((A-B)/D-E)) 69.5 69.4 69.0 69.4 66.9 66.6 66.5 68.1
Net debt to net capital, excluding securitization debt ((A-B-C)/(D-E-F)) 68.0 68.9 68.1 69.1 65.3 65.6 65.2 66.4
Revolver capacity (G) 4,220 4,125 3,925 3,985 3,348 4,110 4,125 4,110
Storm escrows (L) 72 72 33 33 373 373 373 116
Gross liquidity (C+G) 5,963 4,812 4,925 4,428 4,811 5,045 5,364 5,869
Net liquidity (C+G-J) 4,935 3,946 3,919 3,227 2,870 3,099 3,966 4,241
Net liquidity, including storm escrows (C+G-J+L) 5,007 4,018 3,952 3,260 3,242 3,472 4,339 4,357
Entergy Corporation notes:
Due September 2020 — — — — 450 — — —
Due July 2022 650 650 650 650 650 650 650 650
Due September 2025 800 800 800 800 — — 800 800
Due September 2026 750 750 750 750 750 750 750 750
Due June 2028 650 650 650 650 — — — —
Due June 2030 600 600 600 600 — 600 600 600
Due June 2031 650 650 650 650 — — — —
Due June 2050 600 600 600 600 — 600 600 600
Total parent long-term debt (H) 4,700 4,700 4,700 4,700 1,850 2,600 3,400 3,400
Revolver draw (I) 55 150 325 165 922 160 150 165
Commercial paper (J) 1,028 866 1,006 1,201 1,942 1,946 1,398 1,627
Unamortized debt issuance and discounts (K) (54) (52) (51) (49) (8) (32) (40) (38)
Total parent debt (H)+(I)+(J)+(K) 5,728 5,664 5,981 6,017 4,706 4,675 4,909 5,154
Parent debt to total debt, excluding securitization debt % ((H)+(I)+(J)+(K))/(A-B) 22.3 22.4 23.4 22.2 22.2 22 22.4 21.6
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- --- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
Total debt (A) 27,154 24,062 19,885
Less securitization debt (B) 84 175 298
Total debt, excluding securitization debt (C) 27,071 23,887 19,587
Net cash flow provided by operating activities, rolling 12 months (D) 2,301 2,690 2,817
Allowance for borrowed funds used during construction, rolling 12 months (E) (29) (52) (65)
Working capital items in net cash flow provided by operating activities, rolling 12 months:
Receivables (85) (139) (101)
Fuel inventory 18 (27) (28)
Accounts payable 270 137 (72)
Taxes accrued (21) 208 (21)
Interest accrued (11) 8 1
Other working capital accounts (54) (143) (3)
Securitization regulatory charges 83 124 122
Total (F) 200 168 (102)
FFO, rolling 12 months (G) = (D)+(E)-(F) 2,071 2,470 2,854
FFO to debt, excluding securitization debt (G)/(C) 7.7 % 10.3 % 14.6 %
Estimated return of unprotected excess ADIT (rolling 12 months pre-tax) (H) 87 70 301
Severance and retention payments associated with exit of<br>EWC (rolling 12 months pre-tax) (I) 120 55 141
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)] 8.4 % 10.9 % 16.8 %
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21 2Q21 3Q21 4Q21 1Q20 2Q20 3Q20 4Q20
Total debt (A) 25,803 25,435 25,695 27,154 21,465 21,493 22,127 24,062
Less securitization debt (B) 147 114 90 84 271 232 209 175
Total debt, excluding securitization debt (C) 25,656 25,321 25,605 27,071 21,193 21,261 21,918 23,887
Net cash flow provided by operating activities, rolling 12 months (D) 1,981 1,988 2,331 2,301 2,974 3,212 3,069 2,690
Allowance for borrowed funds used during construction, rolling 12 months (E) (43) (38) (34) (29) (63) (58) (55) (52)
Working capital items in net cash flow provided by operating activities, rolling 12 months:
Receivables (262) (263) (183) (85) (71) (5) (71) (139)
Fuel inventory 15 9 20 18 (39) (35) (14) (27)
Accounts payable 90 45 326 270 (136) (92) 277 137
Taxes accrued 21 93 20 (21) (21) 62 188 208
Interest accrued 9 3 26 (11) 17 5 14 8
Other working capital accounts (165) (166) (124) (54) 17 (15) (98) (143)
Securitization regulatory charges 124 119 98 83 122 123 125 124
Total (F) (170) (159) 184 200 (111) 43 421 168
FFO, rolling 12 months (G) = (D)+(E)-(F) 2,109 2,109 2,113 2,071 3,023 3,110 2,594 2,470
FFO to debt, excluding securitization debt (G)/(C) 8.2 % 8.3 % 8.3 % 7.7 % 14.3 % 14.6 % 11.8 % 10.3 %
Estimated return of unprotected excess ADIT (rolling 12 months pre-tax) (H) 80 83 85 87 236 189 119 70
Severance and retention payments associated with exit of<br>EWC (rolling 12 months pre-tax) (I) 55 160 158 120 141 102 17 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)] 8.7 % 9.3 % 9.2 % 8.4 % 16.0 % 16.0 % 12.5 % 10.9 %
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported net income (loss) applicable to common stock/equity (A) 1,490 1,800 1,411
Utility adjustments
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 — 6 —
2014 / 2015 IRS settlement – E-LA business combination — 396 —
Reversal of valuation allowance on internal restructuring — — 41
Total adjustments (B) 27 377 41
Adjusted earnings (A-B) 1,463 1,423 1,370
Average common stock or member's equity (C) 16,988 15,038 13,219
Gross debt (D) 20,998 18,769 15,517
Less securitization debt (E) 84 175 298
Gross debt, excluding securitization debt (D-E) 20,915 18,594 15,219
Less cash and cash equivalents (F) 311 1,526 202
Net debt, excluding securitization debt (D-E-F) 20,603 17,068 15,018
Total capitalization (G) 39,049 35,192 29,631
Less securitization debt (H) 84 175 298
Total capitalization, excluding securitization debt (G-H) 38,965 35,017 29,333
Less cash and cash equivalents (I) 311 1,526 202
Net capitalization, excluding securitization debt (G-H-I) 38,654 33,491 29,131
(%)
ROE – As-Reported (A/C) 8.8 12.0 10.7
ROE – Adjusted ((A-B)/C) 8.6 9.5 10.4
Debt to capital (D/G) 53.8 53.3 52.4
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 53.7 53.1 51.9
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 53.3 51.0 51.6
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- --- --- --- --- --- ---
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21 2Q21 3Q21 4Q21 1Q20 2Q20 3Q20 4Q20
As-reported net income applicable to common stock/equity (A) 357 326 570 238 320 345 552 584
Less adjustments (B) — — 11 16 — — — 378
Adjusted net income (loss) (A-B) 357 326 559 222 320 345 552 206
As-reported net income (loss) applicable to common stock/equity-rolling
12 months (C) 1,837 1,818 1,837 1,490 1,500 1,514 1,487 1,800
Adjustments in prior quarters 377 377 377 11 41 41 41 —
Adjustments in current quarter — — 11 16 — — — 377
Total adjustments (D) 377 377 388 27 41 41 41 377
Adjusted earnings, rolling 12 months (C-D) 1,460 1,441 1,449 1,463 1,459 1,472 1,446 1,423
Average common stock or member's equity (E) 15,465 15,758 16,250 16,988 13,544 13,703 14,284 15,038
Gross debt (F) 19,936 19,632 19,576 20,998 16,620 16,679 17,079 18,769
Less securitization debt (G) 147 114 90 84 271 232 209 175
Gross debt, excluding securitization debt (F-G) 19,789 19,518 19,486 20,915 16,348 16,446 16,870 18,594
Less cash and cash equivalents (H) 1,050 523 622 311 998 671 972 1,526
Net debt, excluding securitization debt (F-G-H) 18,739 18,995 18,864 20,603 15,350 15,775 15,898 17,068
Total capitalization (I) 36,716 36,771 37,176 39,049 31,230 31,516 32,439 35,192
Less securitization debt (J) 147 114 90 84 271 232 209 175
Total capitalization, excluding securitization debt (I-J) 36,569 36,657 37,086 38,965 30,959 31,284 32,230 35,017
Less cash and cash equivalents (K) 1,050 523 622 311 998 671 972 1,526
Net capitalization, excluding securitization debt (I-J-K) 35,520 36,134 36,464 38,654 29,961 30,612 31,258 33,491
(%)
ROE – As-Reported (C/E) 11.9 11.5 11.3 8.8 11.1 11.0 10.4 12.0
ROE – Adjusted ((C-D)/E) 9.4 9.1 8.9 8.6 10.8 10.7 10.1 9.5
Debt to capital ratio (F/I) 54.3 53.4 52.7 53.8 53.2 52.9 52.6 53.3
Debt to capital, excluding securitization debt ((F-G)/(I-J)) 54.1 53.2 52.5 53.7 52.8 52.6 52.3 53.1
Net debt to net capital, excluding securitization debt ((F-G-H)/(I-J-L)) 52.8 52.6 51.7 53.3 51.2 51.5 50.9 51.0
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported earnings applicable to member's equity (A) 317 245 263
Adjustments
Income tax valuation allowance (3) — —
State corporate income tax rate change — — —
2014/2015 IRS audit settlement — 6 —
Total adjustments (B) (3) 6 —
Adjusted earnings (A-B) 320 239 263
Average member's equity (C) 3,409 3,201 3,055
Gross debt (D) 3,974 3,980 3,528
Less securitization debt (E) — — 7
Gross debt, excluding securitization debt (D-E) 3,974 3,980 3,522
Less cash and cash equivalents (F) 13 192 3
Net debt, excluding securitization debt (D-E-F) 3,961 3,788 3,518
Total capitalization (G) 7,550 7,256 6,654
Less securitization debt (H) — — 7
Total capitalization, excluding securitization debt (G-H) 7,550 7,256 6,647
Less cash and cash equivalents (I) 13 192 3
Net capitalization, excluding securitization debt (G-H-I) 7,537 7,064 6,644
(%)
Return on average member's equity – As-Reported (A/C) 9.3 7.7 8.6
Return on average member's equity – Adjusted ((A-B)/C) 9.4 7.5 8.6
Debt to capital (D/G) 52.6 54.8 53.0
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 52.6 54.8 53.0
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 52.6 53.6 53.0
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported net income (A) 654 1,082 692
Adjustments
Gain on sale 11 — —
State corporate income tax rate change 6 — —
2014/2015 IRS audit settlement — 383 —
Total Adjustments (B) 17 383 —
Adjusted earnings (A-B) 637 699 692
Average common equity (C) 7,819 6,927 6,150
Gross debt (D) 10,933 9,044 7,321
Less securitization debt (E) — 10 33
Gross debt, excluding securitization debt (D-E) 10,933 9,034 7,288
Less cash and cash equivalents (F) 19 728 2
Net debt, excluding securitization debt (D-E-F) 10,914 8,306 7,286
Total capitalization (G) 19,114 16,501 13,718
Less securitization debt (H) — 10 33
Total capitalization, excluding securitization debt (G-H) 19,114 16,491 13,685
Less cash and cash equivalents (I) 19 728 2
Net capitalization, excluding securitization debt (G-H-I) 19,095 15,763 13,683
(%)
Return on average member's equity – As-Reported (A/C) 8.4 15.6 11.3
Return on average member's equity – Adjusted ((A-B)/C) 8.1 10.1 11.3
Debt to capital (D/G) 57.2 54.8 53.4
Debt to capital ratio, excluding securitization debt ((D-E)/(G-H)) 57.2 54.8 53.3
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 57.2 52.7 53.2
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported net income (A) 167 141 120
Adjustments
2014/2015 IRS audit settlement — 4 —
Total Adjustments (B) — 4 —
Adjusted earnings (A-B) 167 137 120
Average member's equity (C) 1,756 1,607 1,417
Gross debt (D) 2,189 1,788 1,621
Less cash and cash equivalents (E) 48 — 52
Net debt (D-E) 2,141 1,788 1,569
Total capitalization (F) 4,029 3,461 3,163
Less cash and cash equivalents (G) 48 — 52
Net capitalization (F-G) 3,981 3,461 3,111
(%)
Return on average member's equity – As-Reported (A/C) 9.5 8.7 8.5
Return on average member's equity – Adjusted ((A-B)/C) 9.5 8.5 8.5
Debt to capital (D/F) 54.3 51.7 51.2
Net debt to net capital ((D-E)/(F-G)) 53.8 51.7 50.4
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported net income (A) 32 49 53
Adjustments
State corporate income tax rate change 2 — —
2014/2015 IRS audit settlement — (1) —
Total Adjustments (B) 2 (1) —
Adjusted earnings (A-B) 30 50 53
Average member's equity (C) 623 552 471
Gross debt (D) 792 646 564
Less securitization debt (E) 30 41 53
Gross debt, excluding securitization debt (D-E) 763 604 511
Less cash and cash equivalents (F) 43 — 6
Net debt, excluding securitization debt (D-E-F) 720 604 505
Total capitalization (G) 1,431 1,253 1,062
Less securitization debt (H) 30 41 53
Total capitalization, excluding securitization debt (G-H) 1,401 1,211 1,009
Less cash and cash equivalents (I) 43 — 6
Net capitalization, excluding securitization debt (G-H-I) 1,358 1,211 1,003
(%)
Return on average member's equity – As-Reported (A/C) 5.1 8.9 11.3
Return on average member's equity – Adjusted ((A-B)/C) 4.9 9.1 11.3
Debt to capital (D/G) 55.4 51.5 53.1
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 54.4 49.9 50.7
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 53.0 49.9 50.4
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY TEXAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported earnings applicable to common stock (A) 227 213 159
Adjustments
2014/2015 IRS audit settlement — 2 —
Total Adjustments (B) — 2 —
Adjusted earnings (A-B) 227 211 159
Average common equity (C) 2,284 1,943 1,593
Gross debt (D) 2,362 2,499 1,928
Less securitization debt (E) 54 123 205
Gross debt, excluding securitization debt (D-E) 2,308 2,376 1,723
Less cash and cash equivalents (F) — 249 13
Net debt, excluding securitization debt (D-E-F) 2,308 2,127 1,710
Total capitalization (G) 4,845 4,657 3,728
Less securitization debt (H) 54 123 205
Total capitalization, excluding securitization debt (G-H) 4,791 4,534 3,522
Less cash and cash equivalents (I) — 249 13
Net capitalization, excluding securitization debt (G-H-I) 4,791 4,285 3,509
(%)
ROE – As-Reported (A/C) 9.9 11.0 10.0
ROE – Adjusted ((A-B)/C) 9.9 10.9 10.0
Debt to capital (D/G) 48.7 53.7 51.7
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 48.2 52.4 48.9
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 48.2 49.7 48.7
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported net income (A) 107 99 99
Adjustments
SERI regulatory liability for potential refund for rate base reduction
retroactive to 2015 — (19) —
2014/2015 IRS audit settlement — 3 —
Total Adjustments (B) — (16) —
Adjusted earnings (A-B) 107 115 99
Average common equity (C) 1,086 896 725
Gross debt (D) 741 805 548
Less cash and cash equivalents (E) 89 242 69
Net debt (D-E) 652 563 479
Total capitalization (F) 1,833 1,886 1,260
Less cash and cash equivalents (G) 89 242 69
Net capitalization (F-G) 1,743 1,644 1,191
(%)
ROE – As-Reported (A/C) 9.8 11.1 13.7
ROE – Adjusted ((A-B)/C) 9.8 12.8 13.7
Debt to capital (D/F) 40.4 42.7 43.5
Net debt to net capital ((D-E)/(F-G)) 37.4 34.2 40.2
Calculations may differ due to rounding.
REG G RECONCILIATIONS
--- --- --- ---
ENTERGY WHOLESALE COMMODITIES FINANCIAL METRICS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 2021 2020 2019
As-reported net income (loss) attributable to Entergy Corporation (123) (65) 147
Net income (loss) (121) (63) 149
Add back: interest expense 13 22 29
Add back: income taxes (25) 105 (161)
Add back: depreciation and amortization 44 102 148
Subtract: interest and investment income 119 234 415
Add back: decommissioning expense 120 205 237
Adjusted EBITDA (87) 137 (13)
Calculations may differ due to rounding.
ENTERGY WHOLESALE COMMODITIES FINANCIAL METRICS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
--- --- --- --- --- --- --- --- ---
1Q20-4Q21
($ millions) 1Q21 2Q21 3Q21 4Q21 1Q20 2Q20 3Q20 4Q20
As-reported net income (loss) attributable to Entergy Corporation 38 (275) 26 89 (111) 85 30 (69)
Net income (loss) 38 (275) 26 90 (110) 85 31 (68)
Add back: interest expense 4 4 3 2 5 7 5 5
Add back: income taxes 16 (72) 9 22 (31) 24 12 99
Add back: depreciation and amortization 13 14 9 9 35 25 21 21
Subtract: interest and investment income 48 50 3 18 (172) 207 95 104
Add back: decommissioning expense 53 40 14 14 50 51 51 53
Adjusted EBITDA 76 (338) 57 118 122 (15) 24 5
Calculations may differ due to rounding.
ENTERGY CORPORATION AND SUBSIDIARIES
--- --- --- --- --- ---
INVESTOR NEWS COMMON STOCK INFORMATION
Visit our investor relations website at www.entergy.com/investor_relations for The company’s common stock is listed on the New York and Chicago
earnings reports, financial releases, SEC filings and other investor information. exchanges under the symbol “ETR” (CUSIP 29364G103). 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 common
Securities analysts, portfolio managers, and other members of the financial stock is a component of the following indices: S&P 500, S&P Utilities
community may contact: Index, Philadelphia Utility Index and the NYSE Composite Index,
William Abler among others.
Vice President, Investor Relations
Telephone: 504-576-3097 As of Feb. 1, 2022, there were 203,529,179 shares of Entergy
E–mail: wabler@entergy.com common stock outstanding. Shareholders of record totaled
21,686, and approximately 402,585 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 June 2021, 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, 2021.
Internet: www.shareowneronline.com
DIVIDEND PAYMENTS
CORPORATE GOVERNANCE The Board of Directors declares dividends quarterly and sets the record and
Entergy’s Corporate Governance Guidelines, Board Committee Charters payment dates. Subject to Board discretion, those dates for 2022 are:
for the Audit, Corporate Governance, and Personnel Committees, Entergy's PAYMENT
Code of Entegrity and other ethics policies may be accessed electronically DECLARATION DATE RECORD DATE DATE
by selecting the investor information page on Entergy’s corporate January 28 February 11 March 1
website at entergy.com. April 11 May 5 June 1
July 29 August 11 September 1
ADDITIONAL INFORMATION October 28 November 14 December 1
For copies of the above Corporate Governance documents, Entergy’s
10-K and 10-Q reports filed with the Securities and Exchange Quarterly dividend payments (in cents-per-share):
Commission, or for other investor information, email lnance@entergy.com.
QUARTER 2021 2020 2019
1 95 93 91
2 95 93 91
3 95 93 91
4 101 95 93

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