Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 668

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 668
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 purchase and sale agreements are terminated in certain circumstances, each seller may be liable to the applicable buyer for a portion of the buyer’s transition costs incurred in connection with transitioning the applicable business.  Entergy New Orleans’s and Entergy Louisiana’s aggregate liability for such transaction costs shall not exceed $7.5 million if termination occurs during the Initial Phase or $12.5 million if termination occurs during the Second Phase, with responsibility allocated between the sellers pro rata based on the relative purchase price.  If the purchase and sale agreements are terminated in certain circumstances, each buyer may be liable to the corresponding seller for a reverse termination fee, equal to 7% of the applicable base purchase price if termination occurs during the Initial Phase, or 10% of the applicable base purchase price if the termination occurs in the Second Phase.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

As of December 31, 2024, the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses met the criteria to be classified as held for sale.  Neither Entergy Louisiana nor Entergy New Orleans recognized write downs of the natural gas distribution business assets as a result of their classification as held for sale as of December 31, 2024, as neither sale is expected to result in a loss.  The assets and liabilities of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses classified as held for sale on Entergy’s, Entergy Louisiana’s, and Entergy New Orleans’s consolidated balance sheets as of December 31, 2024 included the following amounts:EntergyEntergy LouisianaEntergy New Orleans(In Thousands)Deferred fuel$5,608 $727 $4,881 Fuel inventory - at average cost4,493 702 3,791Materials and supplies5,4511,0454,406Prepayments and other22 — 22Total current assets held for sale$15,574 $2,474 $13,100 Property, plant, and equipment - natural gas$679,502 $303,193 $376,309 Construction work in progress2,959 1,085 1,874 Less - accumulated depreciation and amortization(276,388)(139,556)(136,832)Other regulatory assets35,381 8,947 23,682 Goodwill (a)6,474 — — Pension and other postretirement assets14,663 —