Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 184

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 7
Chunk 184
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 strong winds and heavy rain, and the loss of sales during the power outages.In December 2024, and subsequently amended in an errata filed in February 2025, Entergy Louisiana submitted an application to the LPSC seeking a determination that approximately $183.6 million in storm restoration costs associated with Hurricane Francine were reasonable and necessary and, therefore, eligible for recovery from customers, as well as approval to recover approximately $3.6 million in certain carrying costs from customers.  In February 2025, Entergy Louisiana filed a second interim rate adjustment for the 2023 test year reflecting a revenue increase of $17.8 million from funds approved by the LPSC (on an interim basis) for Hurricane Francine recovery costs.  The second interim rate adjustment was implemented with the first billing cycle of March 2025.  See further discussion of the 2023 formula rate plan filing above.  Also in February 2025, Entergy Louisiana withdrew $33.5 million from its funded storm reserves.  In March 2025 a status conference was held in which a procedural schedule was established including a hearing in November 2025.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

NOTE 3.  EQUITY (Entergy Corporation and Entergy Louisiana)

Common StockEarnings per ShareHistorical share and share-based data presented in the accompanying financial statements has been retroactively adjusted to reflect the two-for-one forward stock split of Entergy Corporation common stock effective December 12, 2024.  See Note 7 to the financial statements in the Form 10-K for discussion of the stock split.The following table presents Entergy’s basic and diluted earnings per share calculations for the three months ended March 31, 2025 and 2024, included on the consolidated income statements:For the Three Months Ended March 31,20252024(Dollars In Thousands, Except Per Share Data; Shares in Millions)$/share$/shareConsolidated net income$362,422 $76,536 Less: Preferred dividend requirements of subsidiaries and noncontrolling interests1,662 1,255 Net income attributable to Entergy Corporation$360,760 $75,281 Basic shares and earnings per average common share430.3 $0.84 426.3 $0.18 Average dilutive effect of:Stock options0.9 — 0.5 — Other