Company: EAI
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000065984-25-000087
Chunk: 275

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 7
Chunk 275
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nas ofJune 30, 2025Letters of CreditOutstanding as of June 30, 2025Entergy ArkansasApril 2026$25 million (b)6.28%$—$—Entergy ArkansasJune 2030$300 million (c)5.55%$—$—Entergy LouisianaJune 2030$400 million (c)5.68%$—$—Entergy MississippiJune 2030$300 million (c)5.55%$—$—Entergy New OrleansJune 2027$25 million (c)6.05%$—$—Entergy TexasJune 2030$300 million (c)5.68%$—$1.1 million(a)The interest rate is the estimated interest rate as of June 30, 2025 that would have been applied to outstanding borrowings under the facility.(b)Borrowings under this Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $5 million for Entergy Mississippi; $10 million for Entergy New Orleans; and $25 million for Entergy Texas.The commitment fees on the credit facilities range from 0.075% to 0.375% of the undrawn commitment amount for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy Texas, and of the entire facility amount for Entergy New Orleans.  Each of the credit facilities requires the Registrant Subsidiary borrower to maintain a debt ratio, as defined, of 65% or less of its total capitalization.  Each Registrant Subsidiary is in compliance with this covenant.In addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each has one or more uncommitted standby letter of credit facilities as a means to post collateral to support its obligations to MISO and for other purposes.  In July 2025, Entergy Texas entered into a second uncommitted standby letter of credit facility in the amount of $160 million with a letter of credit fee of 1.05%.  The following is a summary of the uncommitted standby letter of credit facilities as of June 30, 2025