Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 392

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 392
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, and 2022 were as follows:

 202420232022 (In Millions)Cash and cash equivalents at beginning of period$133 $224 $443 Net cash provided by (used in): Operating activities4,488 4,294 2,585 Investing activities(5,849)(4,629)(5,710)Financing activities2,088 244 2,906 Net increase (decrease) in cash and cash equivalents727 (91)(219)Cash and cash equivalents at end of period$860 $133 $224 

2024 Compared to 2023

Operating Activities

Net cash flow provided by operating activities increased $194 million in 2024 primarily due to lower fuel and purchased power costs and the receipt of a $152 million advance payment in 2024 from a customer related to a generation agreement.  The increase was partially offset by:

•an increase of $127 million in interest paid;

•lower collections from Utility customers, including the effect of higher deferred fuel collections in 2023; and

•one-time bill credits of $92 million in 2024 to Entergy Arkansas’s retail customers through the Grand Gulf credit rider as a result of the System Energy settlement with the APSC.  See Note 2 to the financial statements for discussion of the System Energy settlement agreement with the APSC and Entergy Arkansas’s Grand Gulf credit rider.

Investing Activities

Net cash flow used in investing activities increased $1,220 million in 2024 primarily due to:

•the initial and substantial completion payments totaling approximately $393 million in 2024 for the purchase of the Driver Solar facility by Entergy Arkansas;

•an increase of $291 million in non-nuclear generation construction expenditures primarily due to higher spending by Entergy Louisiana on new generation resources in north Louisiana, by Entergy Mississippi on the Delta Blues Advanced Power Station project, and by Entergy Texas on the Legend Power Station project;

•the initial and substantial completion payments totaling approximately $240 million in 2024 for the purchase of the West Memphis Solar facility by Entergy Arkansas;

•the initial and substantial completion payments totaling approximately $186 million in 2024 for the purchase of the Walnut Bend Solar facility by Entergy Arkansas;

•an increase of $183 million in transmission construction expenditures primarily due to higher capital expenditures as a result of increased development in the Utility service area and increased spending on various transmission projects in 2024, partially offset by lower capital expenditures for storm restoration in