Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 329

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 7
Chunk 329
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s 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 September 30, 2025 as follows:CompanyDescriptionAmountEntergy Arkansas VIE1.84% Series N due July 2026$90 millionEntergy Arkansas VIE5.54% Series O due May 2029$70 millionEntergy Louisiana River Bend VIE2.51% Series V due June 2027$70 millionEntergy Louisiana Waterford VIE5.94% Series J due September 2026$70 millionSystem Energy VIE2.05% Series K due September 2027$90 millionIn accordance with regulatory treatment, interest on the nuclear fuel company VIEs’ credit facilities, commercial paper, and long-term notes payable is reported in fuel expense.As of September 30, 2025, Entergy Arkansas, Entergy Louisiana, and System Energy each has obtained financing authorization from the FERC that extends through January 2027 for issuances by its nuclear fuel company VIEs.Debt Issuances and Retirements(Entergy Corporation)In September 2025, Entergy Corporation redeemed, at maturity, $800 million of 0.90% Senior notes.(Entergy Arkansas)In May 2025, Entergy Arkansas issued $300 million of 5.45% Series mortgage bonds due June 2034.  Entergy Arkansas expects to use the proceeds, together with other funds, to finance the construction of Ironwood Power Station (formerly Lake Catherine Unit 5), and for general corporate purposes.(Entergy Louisiana)In January 2025, Entergy Louisiana issued $750 million of 5.80%