Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 299

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 299
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970,080 See Notes to Financial Statements.

131

ENTERGY TEXAS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN EQUITYFor the Three Months Ended March 31, 2025 and 2024(Unaudited)Common EquityPreferred StockCommonStockPaid-inCapitalRetainedEarningsTotal(In Thousands)Balance at December 31, 2023$38,750 $49,452 $1,200,125 $1,830,335 $3,118,662 Net income— — — 36,744 36,744 Preferred stock dividends— — — (518)(518)Balance at March 31, 2024$38,750 $49,452 $1,200,125 $1,866,561 $3,154,888 Balance at December 31, 2024$38,750 $49,452 $1,200,125 $2,052,885 $3,341,212 Net income— — — 66,856 66,856 Preferred stock dividends— — — (518)(518)Balance at March 31, 2025$38,750 $49,452 $1,200,125 $2,119,223 $3,407,550 See Notes to Financial Statements.

132

SYSTEM ENERGY RESOURCES, INC.

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

System Energy’s principal asset consists of an ownership interest and a leasehold interest in Grand Gulf.  The capacity and energy from its 90% interest is sold under the Unit Power Sales Agreement to its only four customers, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans.  System Energy’s operating revenues are derived from the allocation of the capacity, energy, and related costs associated with its 90% interest in Grand Gulf pursuant to the Unit Power Sales Agreement.  Payments under the Unit Power Sales Agreement are System Energy’s only source of operating revenues.  As discussed in “Complaints Against System Energy” in Note 2 to the financial statements in the Form 10-K, System Energy and the Unit Power Sales Agreement have been the subject of several litigation proceedings at the FERC.  Settlements that resolve all significant aspects of these complaints have been reached with the MPSC, the AP