Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 538

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 538
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 plant to other regulatory assets.In April 2022, Entergy Texas Restoration Funding II, LLC, a company wholly-owned and consolidated by Entergy Texas, issued $290.85 million of senior secured system restoration bonds (securitization bonds).  With the 

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

proceeds, Entergy Texas Restoration Funding II purchased from Entergy Texas the transition property, which is the right to recover from customers through a system restoration charge amounts sufficient to service the securitization bonds.  Entergy Texas began cost recovery through the system restoration charge effective with the first billing cycle of May 2022 and the system restoration charge is expected to remain in place up to 15 years.  See Note 5 to the financial statements for a discussion of the April 2022 issuance of the securitization bonds.

NOTE 3.  INCOME TAXES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Income taxes for Entergy for 2024, 2023, and 2022 consist of the following: 202420232022 (In Thousands)Current:   Federal$66,708 $60,639 $32,387 State44,956 23,014 (3,091)Total111,664 83,653 29,296 Deferred and non-current - net281,190 (768,941)(67,520)Investment tax credits - net(11,827)(5,247)(754)Income taxes$381,027 ($690,535)($38,978)Income taxes for the Registrant Subsidiaries for 2024, 2023, and 2022 consist of the following:2024Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy TexasSystem Energy(In Thousands)Current:      Federal($10,558)($79,519)$38,680 ($8,022)$8,281 ($5,527)State(2,275)1,709 2,407 5,331 5,468 (396)Total(12,833)(77,810)41,087 (2,691)13,749 (5,923)Deferred and non-current - net88,637 307,835 39,608 6