Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 266

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 7
Chunk 266
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.  The following is an update to that discussion.

In July 2018, Entergy entered into a purchase and sale agreement with Holtec International to sell to a Holtec subsidiary 100% of the equity interests in the subsidiary that owns Palisades and the Big Rock Point Site, with a subsequent amendment to the purchase and sale agreement in February 2020.  In December 2020, Entergy and Holtec submitted a license transfer application to the NRC requesting approval to transfer the Palisades and Big Rock Point licenses from Entergy to Holtec.  In February 2021 several parties filed with the NRC petitions to intervene and requests for hearing challenging the license transfer application.  In March 2021, Entergy and Holtec 

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Table of ContentsEntergy Corporation and SubsidiariesManagement’s Financial Discussion and Analysis

filed answers opposing the petitions to intervene and hearing requests, and the petitioners filed replies.  In March 2021 an additional party also filed a petition to intervene and request for hearing.  Entergy and Holtec filed an answer to the March 2021 petition in April 2021.  The NRC issued an order approving the application in December 2021, subject to the NRC’s authority to condition, revise, or rescind the approval order based on the resolution of four pending requests for hearing.  These petitions and requests for hearing remained pending with the NRC at the time of the closing of the Palisades transaction in June 2022.  In July 2022 the NRC issued an order granting the Michigan Attorney General’s petition hearing request.  The hearing was held in February 2023.  In August 2025 the NRC transitioned Palisades from decommissioning status back to its oversight process for operating reactors.  In October 2025, Entergy and Holtec filed a joint motion to dismiss the proceeding as moot, given Palisades’ return to operational status and impending restart.  See Note 14 to the financial statements in the Form 10-K for discussion of the sale of the Palisades plant.

Liquidity and Capital Resources

See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources” in the Form 10-K for a discussion of Entergy’s capital structure, capital spending plans and other uses of capital, and sources of capital.  The following are updates to that discussion.

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