Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 871

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 871
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 electric price55.0 2024 operating revenues$5,144.0 

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Table of ContentsEntergy Louisiana, LLC and SubsidiariesManagement’s Financial Discussion and Analysis

Entergy Louisiana’s results include revenues from rate mechanisms designed to recover fuel, purchased power, and other costs such that the revenues and expenses associated with these items generally offset and do not affect net income.  “Fuel, rider, and other revenues that do not significantly affect net income” includes the revenue variance associated with these items.

Storm restoration carrying costs represent the equity component of storm restoration carrying costs recognized as part of the securitization of Hurricane Ida restoration costs in March 2023.  See Note 2 to the financial statements for discussion of the March 2023 storm cost securitization.

The volume/weather variance is primarily due to an increase in industrial usage driven by an increase in demand from large industrial customers, primarily in the petroleum refining and chlor-alkali industries.  In addition, there was an increase in commercial usage and an increase in weather-adjusted residential usage, partially offset by the effect of less favorable weather on residential sales.  The increase in weather-adjusted residential usage is the result of higher fixed charges, partially offset by lower volumetric rates, applied to lower usage.

The retail electric price variance is primarily due to increases in formula rate plan revenues, including increases in the distribution and transmission recovery mechanisms, effective September 2023 and September 2024.  See Note 2 to the financial statements for discussion of the formula rate plan proceedings.

Total electric energy sales for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:

20242023% Change(GWh)Residential14,000 14,207 (1)Commercial11,108 11,074 — Industrial34,759 31,599 10 Governmental836 801 4   Total retail  60,703 57,681 5 Sales for resale:  Associated companies5,808 4,406 32   Non-associated companies1,574 1,534 3 Total68,085 63,621 7 

See Note 19 to the financial statements for additional discussion of Entergy Louisiana’s operating revenues.

Other Income Statement Variances

Other operation and maintenance expenses remained relatively unchanged primarily due to the following activity:

•an increase of $13.6 million in compensation and benefits costs primarily due