Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 836

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 836
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 storage costs that were previously recorded as construction expenditures.  See Note 8 to the financial statements for discussion of the spent nuclear fuel litigation; and

•an increase in cash used of $13.7 million as a result of fluctuations in nuclear fuel activity due to variations from year to year in the timing and pricing of fuel reload requirements, materials and services deliveries, and the timing of cash payments during the nuclear fuel cycle.

The increase was partially offset by a decrease of $156.1 million in distribution construction expenditures and a decrease of $15.6 million in transmission construction expenditures, both primarily due to lower capital expenditures for storm restoration in 2024.  See Note 14 to the financial statements for discussion of the Driver Solar facility, the West Memphis Solar facility, and the Walnut Bend Solar facility purchases.

Financing Activities

Net cash flow provided by financing activities increased $664.8 million in 2024 primarily due to:

•the issuances of $400 million of 5.45% Series mortgage bonds and $400 million of 5.75% Series mortgage bonds, each in May 2024;

•capital contributions of approximately $695 million received from Entergy Corporation in 2024 to partially finance the acquisitions of the Walnut Bend Solar facility, the West Memphis Solar facility, and the Driver Solar facility;

•the repayment, at maturity, of $250 million of 3.05% Series mortgage bonds in June 2023;

•a decrease of $107 million in common equity distributions paid in 2024 in order to maintain Entergy Arkansas’s capital structure;

•the issuance of $70 million of 5.54% Series O notes by the Entergy Arkansas nuclear fuel company variable interest entity in March 2024;

•the repayment, at maturity, of $40 million of 3.17% Series M notes by the Entergy Arkansas nuclear fuel company variable interest entity in December 2023; and

•an increase of $18.4 million in advance payments from customers for construction for transmission, distribution, and generator interconnection agreements.

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Table of ContentsEntergy Arkansas, LLC and SubsidiariesManagement’s Financial Discussion and Analysis

The increase was partially offset by:

•the issuance of $425 million of 5.15% Series mortgage bonds in January 2023;

•the repayment, at maturity, of $375 million of 3.70% Series mortgage bonds in June 2024;

•the issuance of $300 million of 5.30% Series mortgage bonds