Company: EAI
Filing Date: 2025-08-06
Form Type: S-3ASR
Source: 0001193125-25-174487
Chunk: 194

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-08-06
Form: S-3ASR
Chunk 194
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 right to terminate this arrangement. We may exercise this right to terminate in connection with Entergy Mississippi, LLC’s assumption of Entergy Louisiana, LLC’s share of Grand Gulf’s capacity and energy and replace the arrangement with support agreements that do not involve Entergy Louisiana, LLC.

As described elsewhere in this prospectus,
the Availability Agreement (as defined below) is a backstop arrangement for the benefit of our bondholders and other lenders. In addition to the lien of our mortgage, the New Bonds may have the sole and exclusive benefit of an assignment of the
Availability Agreement. However, we currently have the right to terminate the Availability Agreement, and the outstanding assignments thereof, without the consent of any assignees. By purchasing New Bonds offered by this prospectus, investors will pre-consent to the termination of the Availability Agreement and any assignment thereof that may apply to the New Bonds. Exercise of the right to terminate these agreements would end all support arrangements
contained in the agreements, including the support arrangements in case of a permanent shut down of Grand Gulf (as defined below). This exercise, if undertaken by us, may have an adverse impact on our outstanding securities, including the New Bonds.

We may exercise this right to terminate in connection with the assumption by Entergy Mississippi, LLC of Entergy Louisiana, LLC’s share of Grand
Gulf’s capacity and energy, which assumption was effective January 1, 2025, as further described in “Grand Gulf-Related Agreements” under Note 8, “Commitments and Contingencies” and “Filings with the MPSC (Entergy
Mississippi) - - Grand Gulf Capacity Filing” under Note 2, “Rate and Regulatory Matters,” in each case, of the Notes to Financial Statements in the 2024 Form 10-K (as
defined below), and “ - System Energy Settlement with the LPSC” under Note 2, “Rate and Regulatory Matters,” of the Notes to Financial Statements in the 2025 Second Quarter Form 10-Q (as
defined below). We expect that we would follow any such termination with execution of a replacement support agreement among Entergy Arkansas, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC and us and assignments for the benefit of holders
of first mortgage bonds outstanding under the mortgage, including the New Bonds, in each case, with terms that are substantially similar to those in the existing Availability Agreement and assignments thereof.

ABOUT THIS PROSPECTUS

This prospectus is part of an automatic shelf registration statement