Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 601

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 601
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 for Entergy Louisiana, $16.4 million for Entergy 

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

Mississippi, and $8.4 million for Entergy New Orleans.  See Note 2 to the financial statements for discussion of proceedings regarding the Unit Power Sales Agreement.In August 2024 the LPSC approved a settlement with Entergy Louisiana to globally resolve all of the LPSC’s actual and potential claims in multiple docketed proceedings pending before the FERC and with System Energy’s past implementation of the Unit Power Sales Agreement.  The settlement was approved by the FERC in November 2024.  The terms of the settlement included an agreement that Entergy Louisiana would divest to Entergy Mississippi its 14% share of capacity and energy from Grand Gulf under the Unit Power Sales Agreement and its 2.43% share of capacity and energy from Entergy Arkansas under the MSS-4 replacement tariff.  This divestiture is being effectuated initially through Entergy Mississippi’s purchases from Entergy Louisiana pursuant to a PPA governed by the MSS-4 replacement tariff.  As discussed in Note 2 to the financial statements, in September 2024, Entergy Mississippi filed a notice of intent with the MPSC that related to and sought approval of the divestiture.  The MSS-4 replacement PPA to effectuate this divestiture was approved by the FERC in November 2024.  The MPSC approved the MSS-4 replacement PPA, effective as of January 1, 2025.  Under the divestiture, Entergy Mississippi also assumes any and all of Entergy Louisiana’s rights and obligations under the Availability Agreement and will hold Entergy Louisiana harmless with respect thereto, as of January 1, 2025.  See Note 2 to the financial statements for discussion of the System Energy settlement with the LPSC.Availability Agreement (Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and System Energy)Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans are individually obligated to make payments or subordinated advances to System Energy in accordance with stated percentages (Entergy Arkansas - 17.1%, Entergy Louisiana - 26.9%, Entergy Mississippi - 31.3%, and Entergy New Orleans - 24.7%) in amounts that, when added to amounts received under the Unit Power Sales Agreement or otherwise, are