Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 358

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 358
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 Entergy Louisiana and Entergy New Orleans as a result of the resolution of the 2016-2018 IRS audit; (2) the reversal of a $106 million regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act, recorded at Utility, as part of the settlement of Entergy Louisiana’s test year 2017 formula rate plan filing; (3) a $129 million reduction in income tax expense as a result of Entergy Louisiana’s storm cost securitization in March 2023, partially offset by a $103 million ($76 million net-of-tax) regulatory charge, recorded at Utility, to reflect Entergy Louisiana’s obligation to provide credits to its customers as described in an LPSC ancillary order issued as part of the securitization regulatory proceeding; and (4) write-offs of $78 million ($59 million net-of-tax), recorded at Utility, as a result of Entergy Arkansas’s approved motion to forgo recovery of identified costs resulting from the 2013 ANO stator incident.  See Note 3 to the financial statements for discussion of the resolution of the 2016-2018 IRS audit and discussion of the Tax Cuts and Jobs Act.  See Note 2 to the financial statements for further discussion of the Entergy Louisiana formula rate plan global settlement.  See Notes 2 and 3 to the financial statements for further discussion of the Entergy Louisiana March 2023 storm cost securitization.  See Note 8 to the financial statements for further discussion of the ANO stator incident and the approved motion to forgo recovery.

Operating Revenues

Utility

Following is an analysis of the change in operating revenues comparing 2024 to 2023:

Amount(In Millions)2023 operating revenues$12,023 Fuel, rider, and other revenues that do not significantly affect net income(393)Retail one-time bill credit(92)Storm restoration carrying costs(36)Volume/weather87 Retail electric price217 2024 operating revenues$11,806 

The Utility operating companies’ results include revenues from rate mechanisms designed to recover fuel, purchased power, and other costs such that the revenues and expenses associated with these items generally offset 

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

and do not affect net income.  “Fuel, rider, and other revenues that do not significantly affect net income”