Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 213

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 213
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 letters of credit issued by each Utility operating company as required by MISO.  Credit support for financial transmission rights held by Entergy’s non-utility operations business is covered by cash.  No cash or letters of credit were required to be posted for financial transmission rights exposure for the non-utility operations business as of March 31, 2025 and December 31, 2024.  No letters of credit were posted with MISO to cover financial transmission rights exposure as of March 31, 2025.  Letters of credit posted with MISO covered the financial transmission rights exposure for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas as of December 31, 2024.The fair values of Entergy’s derivative instruments not designated as hedging instruments on the consolidated balance sheets as of March 31, 2025 and December 31, 2024 are shown in the table below.  Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and 

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.InstrumentBalance Sheet LocationGross Fair Value (a)Offsetting Position (b)Net Fair Value (c) (d)(In Millions)2025Assets:Natural gas swapsPrepayments and other$8$—$8Financial transmission rightsPrepayments and other$7$—$72024Assets:Natural gas swapsPrepayments and other$2$—$2Financial transmission rightsPrepayments and other$21($1)$20Liabilities:Financial transmission rightsOther current liabilities($—)$1$1(a)Represents the gross amounts of recognized assets/liabilities(b)Represents the netting of fair value balances with the same counterparty(c)Represents the net amounts of assets/liabilities presented on the Entergy Corporation and Subsidiaries’ Consolidated Balance Sheets(d)Excludes letters of credit posted with MISO to cover financial transmission rights exposure in the amount of $2 million as of December 31, 2024The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the three months ended March 31, 2025 and 2024 are as follows:InstrumentIncome StatementLocationAmount of gain (loss)recorded in the income statement(In Millions)2025Natural gas swapsFuel