Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 663

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 663
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 its respective revenues for the years ended December 31, 2024, 2023, and 2022.Exit from the Merchant Power BusinessEntergy completed its multi-year strategy to exit the merchant nuclear power business in 2022.  The Fitzpatrick plant was sold to Exelon in March 2017.  The Vermont Yankee plant was transferred to NorthStar in January 2019.  The Pilgrim plant was sold to Holtec International in August 2019.  The Indian Point 2 and Indian Point 3 plants were sold to Holtec International in May 2021.  The Palisades plant was sold to Holtec International in June 2022.  The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.As of December 31, 2021, Entergy had a restructuring cost accrual of $37 million relating to employee retention and severance expenses and other benefits-related costs related to its exit from the merchant power business.  During the year ended December 31, 2022, Entergy accrued an additional $3 million in restructuring costs and made severance and retention payments of $40 million, after which the restructuring cost accrual was zero.  The employee retention and severance expenses and other benefits-related costs are included in "Other operation and maintenance" in Entergy’s consolidated income statements.

NOTE 14.  ACQUISITIONS, HELD FOR SALE, AND DISPOSITIONS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

AcquisitionsWalnut Bend SolarIn June 2020, Entergy Arkansas signed a build-own-transfer agreement for the purchase of an approximately 100 MW to-be-constructed solar photovoltaic energy facility, Walnut Bend Solar facility, to be sited on approximately 1,000 acres in Lee County, Arkansas.  Acquisition of the Walnut Bend Solar facility was initially approved by the APSC in July 2021.  The agreement was amended by the parties in February 2023, and the revised agreement was approved by the APSC in July 2023.  In February 2024, Entergy Arkansas made an initial payment 

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

of approximately $170 million to acquire the facility.  Substantial completion was achieved and commercial operation commenced in September