Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 875

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 875
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 decrease of $44.6 million in spending on nuclear refueling outages in 2024 as compared to 2023;

•$21.3 million received in third quarter 2024 related to the wind up of the NISCO partnership.  See Note 9 to the financial statements for a discussion of the NISCO partnership; and

•a decrease of $10 million in interest paid.

The increase was partially offset by:

•income tax payments of $16.9 million in 2024 compared to income tax refunds of $141.1 million in 2023.  Entergy Louisiana made income tax payments in 2024 and received income tax refunds in 2023, each in accordance with an intercompany income tax allocation agreement;

•lower collections from customers;

•the timing of recovery of fuel and purchased power costs.  See Note 2 to the financial statements for a discussion of fuel and purchased power cost recovery;

•the refund of $27.8 million received from System Energy in January 2023 related to the sale-leaseback renewal costs and depreciation litigation as calculated in System Energy’s January 2023 compliance report filed with the FERC.  See Note 2 to the financial statements for further discussion of the refund and the related proceedings; and

•an increase of $19.5 million in storm spending primarily due to Hurricane Francine restoration efforts in 2024.

Investing Activities

Net cash flow used in investing activities decreased $1,527.3 million in 2024 primarily due to:

•the purchase in 2023 of $1,457.7 million by the storm trust II of preferred membership interests issued by an Entergy affiliate.  See Note 2 to the financial statements for a discussion of the March 2023 storm cost securitization and the storm trust II’s investment in preferred membership interests;

•a decrease in cash used of $69.8 million as a result of fluctuations in nuclear fuel activity due to variations from year to year in the timing and pricing of fuel reload requirements, materials and services deliveries, and the timing of cash payments during the nuclear fuel cycle;

•a decrease of $187.2 million in nuclear construction expenditures primarily due to decreased spending on various nuclear projects in 2024;

•an increase of $114.2 million in redemptions of the preferred membership interests held by the storm trusts in 2024 as compared to 2023, as part of periodic redemptions that are expected to occur, subject to certain conditions