Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 206

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 4
Chunk 206
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 expenditures primarily due to a higher scope of work performed during plant outages in 2025 as compared to 2024; and

•money pool activity.

Increases in Entergy New Orleans’s receivable from the money pool are a use of cash flow, and Entergy New Orleans’s receivable from the money pool increased by $14.7 million for the nine months ended September 30, 2025 compared to increasing by $3.6 million for the nine months ended September 30, 2024.  The money pool is an intercompany cash management program that makes possible intercompany borrowing and lending arrangements, and the money pool and other borrowing arrangements are designed to reduce the Registrant Subsidiaries’ dependence on external short-term borrowings.

Financing Activities

Entergy New Orleans’s financing activities used $217.7 million of cash for the nine months ended September 30, 2025 compared to providing $35.1 million of cash for the nine months ended September 30, 2024 primarily due to the following activity:

•the issuances of $65 million of 6.41% Series mortgage bonds, $50 million of 6.54% Series mortgage bonds, and $35 million of 6.25% Series mortgage bonds, each in May 2024;

•$140 million in common equity distributions paid in 2025 in order to maintain Entergy New Orleans’s capital structure;

•the repayment, at maturity, of $78 million of 3.00% Series mortgage bonds in March 2025;

•the repayment, at maturity, of an $85 million unsecured term loan in June 2024; and

•money pool activity.

Decreases in Entergy New Orleans’s payable to the money pool are a use of cash flow, and Entergy New Orleans’s payable to the money pool decreased $21.7 million for the nine months ended September 30, 2024.

See Note 4 to the financial statements herein and Note 5 to the financial statements in the Form 10-K for more details on long-term debt.

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

Capital Structure

Entergy New Orleans’s debt to capital ratio is shown in the following table.

September 30, 2025December 31, 2024Debt to capital52.1%51.5%Effect of subtracting cash(2.8%)(1.1%)Net debt