Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 177

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1A
Chunk 177
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425 Net increase (decrease) in cash and cash equivalents1,115 (1,646)(7,637)Cash and cash equivalents at end of period$4,747 $3,632 $5,278 

2024 Compared to 2023

Operating Activities

Net cash flow provided by operating activities increased $37.7 million in 2024 primarily due to:

•lower fuel and purchased power payments;

•the timing of payments to vendors;

•a decrease of $34.1 million in storm spending in 2024 as compared to 2023;

•higher collections from customers; and

•the receipt of $92.7 million in settlement proceeds in 2024 as a result of the System Energy settlement with the APSC, which was subsequently refunded to retail customers in third quarter 2024 with one-time bill credits through the Grand Gulf credit rider.  See Note 2 to the financial statements for discussion of the System Energy settlement with the APSC and discussion of the Grand Gulf credit rider.

The increase was partially offset by:

•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;

•an increase of $43.5 million in interest paid;

•the refund of $41.7 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 

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Table of ContentsEntergy Arkansas, LLC and SubsidiariesManagement’s Financial Discussion and Analysis

filed with the FERC.  The refund was subsequently applied to the under-recovered deferred fuel balance.  See Note 2 to the financial statements for further discussion of the refund and the related proceedings;

•$23.2 million in proceeds received from the DOE in April 2023 resulting from litigation regarding spent nuclear fuel storage costs that were previously expensed.  See Note 8 to the financial statements for discussion of the spent nuclear fuel litigation; and

•an increase of $8.1 million in spending on nuclear refueling outages in 2024 as compared to 2023.

Investing Activities

Net cash flow used in investing activities increased $699.7 million in 2024 primarily due to:

•the initial and substantial completion payments totaling approximately $392.8 million in 2024 for the purchase of the Driver Solar facility;

•the initial and substantial completion payments totaling approximately