Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 993

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 993
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 $1,344,879 $2,483,206 Net income— — — 303,327 303,327 Common stock dividends— — — (105,000)(105,000)Preferred stock dividends— — — (2,072)(2,072)Balance at December 31, 2022$38,750 $49,452 $1,050,125 $1,541,134 $2,679,461 Net income— — — 291,273 291,273 Capital contribution from parent— — 150,000 — 150,000 Preferred stock dividends— — — (2,072)(2,072)Balance at December 31, 2023$38,750 $49,452 $1,200,125 $1,830,335 $3,118,662 Net income— — — 293,622 293,622 Common stock dividends— — — (69,000)(69,000)Preferred stock dividends— — — (2,072)(2,072)Balance at December 31, 2024$38,750 $49,452 $1,200,125 $2,052,885 $3,341,212 See Notes to Financial Statements.

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SYSTEM ENERGY RESOURCES, INC.

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

System Energy’s principal asset consists of an ownership interest and a leasehold interest in Grand Gulf.  The capacity and energy from its 90% interest is sold under the Unit Power Sales Agreement to its only four customers, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans.  System Energy’s operating revenues are derived from the allocation of the capacity, energy, and related costs associated with its 90% interest in Grand Gulf pursuant to the Unit Power Sales Agreement.  Payments under the Unit Power Sales Agreement are System Energy’s only source of operating revenues.  As discussed in “Complaints Against System Energy” below, System Energy and the Unit Power Sales Agreement have been the subject of several litigation proceedings at the FERC.  Settlements that resolve all significant aspects of these complaints have been reached with the MPSC, the APSC, the City Council, and the LPSC, and these settlements have been