Company: EAI
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000065984-25-000087
Chunk: 303

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 303
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 gains or losses on financial transmission rights.  The total volume of financial transmission rights outstanding as of June 30, 2025 is 102,393 GWh for Entergy, including 20,804 GWh for Entergy Arkansas, 55,064 GWh for Entergy Louisiana, 11,361 GWh for Entergy Mississippi, 3,660 GWh for Entergy New Orleans, and 11,505 GWh for Entergy Texas.  Credit support for financial transmission rights held by the Utility operating companies is covered by cash and/or letters of credit issued by each Utility operating company as required by MISO.  Credit support for financial transmission rights held by Entergy’s non-utility operations business is covered by cash.  No cash or letters of credit were required to be posted for financial transmission rights exposure for the non-utility operations business as of June 30, 2025 and December 31, 2024.  Letters of credit posted with MISO covered the financial transmission rights exposure for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy Texas as of June 30, 2025 and for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas as of December 31, 2024.The fair values of Entergy’s derivative instruments not designated as hedging instruments on the consolidated balance sheets as of June 30, 2025 and December 31, 2024 are shown in the table below.  Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.InstrumentBalance Sheet LocationGross Fair Value (a)Offsetting Position (b)Net Fair Value (c) (d)(In Millions)2025Assets:Financial transmission rightsPrepayments and other$49($1)$48Liabilities:Natural gas swapsOther current liabilities$3$—$32024Assets:Natural gas swapsPrepayments and other$2$—$2Financial transmission rightsPrepayments and other$21($1)$20Liabilities:Financial transmission rightsOther current liabilities($—)$1$1(a)Represents the gross amounts of recognized assets/liabilities(b)Represents the netting of fair value balances with the same counterparty(c)Represents the net amounts of assets/liabilities presented on the Entergy Corporation and Subsidiaries’ Consolidated Balance Sheets