Company: EAI
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000065984-25-000087
Chunk: 277

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 7
Chunk 277
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 short-term borrowings) for the Registrant Subsidiaries: AuthorizedBorrowings (In Millions)Entergy Arkansas$250$—Entergy Louisiana $450 $—Entergy Mississippi$200$—Entergy New Orleans$150$21Entergy Texas$200$—System Energy$200$—Variable Interest Entities (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, and System Energy)See Note 17 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIEs).  To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs also issue commercial paper, details of which follow as of June 30, 2025:CompanyExpirationDate AmountofFacilityWeighted- Average Interest Rate on Borrowings (a)AmountOutstanding as ofJune 30, 2025(Dollars in Millions)Entergy Arkansas VIEJune 2027$805.44%$33.2Entergy Louisiana River Bend VIEJune 2027$1055.42%$69.5Entergy Louisiana Waterford VIEJune 2027$1055.43%$61.0System Energy VIEJune 2027$1205.43%$44.3(a)Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company VIEs for Entergy Arkansas, Entergy Louisiana, and System Energy.  The nuclear fuel company VIE for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.The commitment fees on the credit facilities are 0.100% of the undrawn commitment amount for the Entergy Arkansas, Entergy Louisiana, and System Energy VIEs.  Each credit facility requires the respective lessee of nuclear fuel (Entergy Arkansas, Entergy Louisiana, or Entergy Corporation as guarantor for System Energy) to maintain a consolidated debt ratio, as defined, of 70% or less of its total capitalization.  Each lessee is in compliance with this covenant.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

The nuclear fuel company VIEs had notes payable that were included in debt on the respective balance sheets as of June 30, 2025 as follows:CompanyDescriptionAmountEntergy Arkansas VIE