Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 636

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 636
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 $43.8 million in 2023, and $30.9 million in 2022.  In 2024, 2023, and 2022, Entergy recognized $1.5 million, $27.9 million, and $12.2 million, respectively, in settlement charges related to the payment of lump sum benefits out of the plan that is included in the non-qualified pension plan cost above.The projected benefit obligation was $94.1 million as of December 31, 2024 of which $22.3 million was a current liability and $71.8 million was a non-current liability.  The projected benefit obligation was $88.6 million as of December 31, 2023 of which $13.8 million was a current liability and $74.8 million was a non-current liability.  The accumulated benefit obligation was $81.2 million and $77.9 million as of December 31, 2024 and 2023, respectively.  The unamortized prior service cost and net loss are recognized in regulatory assets ($29.8 million at December 31, 2024 and $29.7 million at December 31, 2023) and accumulated other comprehensive income before taxes ($4.7 million at December 31, 2024 and $3.9 million at December 31, 2023).A Rabbi Trust was established for the benefit of certain participants in Entergy’s non-qualified, non-contributory defined benefit pension plans.  The Rabbi Trust assets were invested in money-market funds which were recorded at fair value with all gains and losses recognized immediately in income.  All of the investments were classified as Level 1 investments for purposes of Fair Value Measurements.  At December 31, 2022, the fair value of the assets held in the Rabbi Trust was $35 million.  In August 2023 the Rabbi Trust assets were used to pay benefits due under the non-qualified pension plans.The following Registrant Subsidiaries participate in Entergy’s non-qualified, non-contributory defined benefit pension plans that provide benefits to certain key employees.  The net periodic pension cost for their current and former employees for the non-qualified plans for 2024, 2023, and 2022, was as follows: Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy