Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 576

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 576
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150,000 $720 $150,000 $162,700 2028$350,000 $425,000 $375,000 $719 $51,574 $325,000 2029$70,000 $— $— $35,720 $300,000 $— Entergy Louisiana Debt IssuanceIn January 2025, Entergy Louisiana issued $750 million of 5.80% Series mortgage bonds due March 2055.  Entergy Louisiana expects to use the proceeds, together with other funds, to repay on or prior to maturity its $190 million of 3.78% Series mortgage bonds due April 2025, to repay on or prior to maturity its $110 million of 3.78% Series mortgage bonds due April 2025, for capital expenditures, and for general corporate purposes.Securitization BondsEntergy New Orleans Securitization Bonds - Hurricane IsaacIn May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization.  In July 2015, Entergy New Orleans Storm Recovery Funding I, L.L.C., a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds.  The bonds have a coupon of 2.67%.  Although the principal amount was not due until June 2027, Entergy New Orleans Storm Recovery Funding made a principal payment on the bonds in the amount of $6.2 million in 2024, after which the bonds were fully repaid.Entergy Texas Securitization Bonds - Hurricane Ike and Hurricane GustavIn September 2009 the PUCT authorized the issuance of securitization bonds to recover $566.4 million of Entergy Texas’s Hurricane Ike and Hurricane Gustav restoration costs, plus carrying costs and transaction costs, offset by insurance proceeds.  In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds).