Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 564

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 564
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 2024 as follows:CompanyExpiration DateAmount of FacilityInterest Rate (a) Amount Drawn as of December 31, 2024Letters of Credit Outstanding as of December 31, 2024Entergy ArkansasApril 2026$25 million (b)6.31%——Entergy ArkansasJune 2029$300 million (c)5.58%——Entergy LouisianaJune 2029$400 million (c)5.71%——Entergy MississippiJune 2029$300 million (c)5.58%——Entergy New OrleansJune 2027$25 million (c)6.08%——Entergy TexasJune 2029$300 million (c)5.71%—$1.1 million(a)The interest rate is the estimated interest rate as of December 31, 2024 that would have been applied to outstanding borrowings under the facility.(b)Borrowings under this Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $5 million for Entergy Mississippi; $10 million for Entergy New Orleans; and $25 million for Entergy Texas.The commitment fees on the credit facilities range from 0.075% to 0.375% of the undrawn commitment amount for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy Texas, and of the entire facility amount for 

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

Entergy New Orleans.  Each of the credit facilities requires the Registrant Subsidiary borrower to maintain a debt ratio, as defined, of 65% or less of its total capitalization.  Each Registrant Subsidiary is in compliance with this covenant.In addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each has an uncommitted standby letter of credit facility as a means to post collateral to support its obligations to MISO and for other purposes.  The following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2024:CompanyAmount of Uncommitted FacilityLetter of Credit FeeLetters of Credit Issued as of December