Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 195

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1A
Chunk 195
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 of the proceedings, including the FERC’s denial of rehearing in November 2017 described above, in the fourth quarter 2017, Entergy Arkansas recorded an additional liability of $35 million and a regulatory asset of $31 million.

In October 2018 the FERC issued an order addressing the ALJ’s July 2017 initial decision.  The FERC reversed the ALJ’s decision to cap the reduction in Entergy Arkansas’s payment to account for the increased bandwidth payments that Entergy Arkansas made to the other operating companies.  The FERC also reversed the ALJ’s decision that Grand Gulf sales from January through September 2000 should be included in the calculation of Entergy Arkansas’s payment.  The FERC affirmed on other grounds the ALJ’s rejection of the LPSC’s claim that certain joint account sales should be accounted for as part of the calculation of Entergy Arkansas’s payment.  In November 2018 the LPSC requested rehearing of the FERC’s October 2018 decision.  In December 2019 the FERC denied the LPSC’s request for rehearing.  In January 2020 the LPSC appealed the December 2019 decision to the D.C. Circuit.

In December 2018, Entergy made a compliance filing in response to the FERC’s October 2018 order.  The compliance filing provided a final calculation of Entergy Arkansas’s payments to the other Utility operating companies, including interest.  No protests were filed in response to the December 2018 compliance filing.  Refunds and interest in the following amounts were paid by Entergy Arkansas to the other operating companies in December 2018:

 Total refunds including interestPayment/(Receipt) (In Millions)PrincipalInterestTotalEntergy Arkansas$68$67$135Entergy Louisiana($30)($29)($59)Entergy Mississippi($18)($18)($36)Entergy New Orleans($3)($4)($7)Entergy Texas($17)($16)($33)

Entergy Arkansas previously recognized a regulatory asset with a balance of $116 million as of December 31, 2018 for a portion of the payments due as a result of this proceeding.

As described above, the FERC’s opportunity sales orders were appealed to the D.C. Circuit.  In February 2020 all of the appeals were consolidated and in April 2020 the D.C. Circuit established a briefing schedule.  Briefing was completed in September