Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 587

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 587
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 common stock issued under the at the market equity distribution program.There were no settlements of forward sale agreements for the year ended December 31, 2024.  During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:Effective Date of Forward Sale AgreementsShares of Common Stock IssuedGross Sales PriceForward Sellers FeesForward Sale Price per ShareCash Proceeds at Settlement(Dollars In Thousands, Except Per Share Data)Forward sale agreements settled in November 2022:June 2021833,706 $45,000$450August 20213,385,110 $190,074$1,901September 2021501,486 $25,419$254March 20223,076,020 $167,997$1,680June 20224,248,172 $250,899$2,509September 20223,332,344 $194,231$1,942Total15,376,838 $56.25$853,257Forward sale agreements settled in November 2023:June 2023205,990 $10,524$105June 2023730,614 $37,375$374Total936,604 $50.69$47,786Forward sale agreements settled in December 2023:November 20231,706,234 $84,000$840Total1,706,234 $48.74$83,312Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements.  Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:Effective Date Shares of Common Stock per Forward Sale Agreements Maturity DateForward Sale Price per Share (a)Gross Sales PriceForward Sellers Fees(Dollars In Thousands, Except Per Share Data)December 20235,506,492 May 2025$50.56$280,459$2,805March 202