Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 4

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 4
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 assessing financial performance.  Each chief operating decision maker is only provided with the consolidated financial results for the respective Registrant Subsidiary.  All segment financial information for the Registrant Subsidiaries is as reported on the respective financial statements for each of the Registrant Subsidiaries.Geographic AreasEntergy and the Registrant Subsidiaries derive substantially all revenue from inside of the United States and all long-lived assets are located within the United States.Major CustomersNeither Entergy nor the Registrant Subsidiaries have an individual customer representing more than 10% of its respective revenues for the years ended December 31, 2024, 2023, and 2022.Exit from the Merchant Power BusinessEntergy completed its multi-year strategy to exit the merchant nuclear power business in 2022.  The Fitzpatrick plant was sold to Exelon in March 2017.  The Vermont Yankee plant was transferred to NorthStar in January 2019.  The Pilgrim plant was sold to Holtec International in August 2019.  The Indian Point 2 and Indian Point 3 plants were sold to Holtec International in May 2021.  The Palisades plant was sold to Holtec International in June 2022.  The decisions to shut down these plants and the related transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.As of December 31, 2021, Entergy had a restructuring cost accrual of $37 million relating to employee retention and severance expenses and other benefits-related costs related to its exit from the merchant power business.  During the year ended December 31, 2022, Entergy accrued an additional $3 million in restructuring costs and made severance and retention payments of $40 million, after which the restructuring cost accrual was zero.  The employee retention and severance expenses and other benefits-related costs are included in "Other operation and maintenance" in Entergy’s consolidated income statements.

NOTE 14.  ACQUISITIONS, HELD FOR SALE, AND DISPOSITIONS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

AcquisitionsWalnut Bend SolarIn June 2020, Entergy Arkansas signed a build-own-transfer agreement for the purchase of an approximately 100 MW to-be-constructed solar photovoltaic energy facility, Walnut Bend Solar facility, to be sited on approximately