Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 394

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 394
---
ceeds from securitization of $1.5 billion received by the storm trust II at Entergy Louisiana in 2023;

•net repayments of $211 million of commercial paper in 2024 as compared to net issuances of $311 million of commercial paper in 2023;

•$131 million in net proceeds from the issuance of common stock under the at the market equity distribution program in 2023.  There were no issuances of common stock under the at the market equity distribution program in 2024; and

•an increase of $63 million in common stock dividends paid in 2024 as a result of an increase in the dividend paid per share in 2024 as compared to 2023.

25

Table of ContentsEntergy Corporation and SubsidiariesManagement’s Financial Discussion and Analysis

See Note 5 to the financial statements for details of long-term debt.  See Note 2 to the financial statements for a discussion of the Entergy Louisiana March 2023 storm cost securitization.  See Note 4 to the financial statements for details of Entergy’s commercial paper program.  See Note 7 to the financial statements for discussion of the equity distribution program.

2023 Compared to 2022

See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources - Cash Flow Activity” in Item 7 of Entergy’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 23, 2024, for discussion of operating, investing, and financing cash flow activities for 2023 compared to 2022.

Rate, Cost-recovery, and Other Regulation

State and Local Rate Regulation and Fuel-Cost Recovery

The rates that the Utility operating companies charge for their services significantly influence Entergy’s financial position, results of operations, and liquidity.  These companies are regulated, and the rates charged to their customers are determined in regulatory proceedings.  Governmental agencies, including the APSC, the LPSC, the MPSC, the City Council, and the PUCT, are primarily responsible for approval of the rates charged to customers.  Following is a summary of the Utility operating companies’ authorized returns on common equity:

CompanyAuthorized Return on Common Equity  Entergy Arkansas9.15% - 10.15%Entergy Louisiana9.3% - 10.1% Electric; 9.3% - 10.3