Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 877

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 877
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4;

•an increase of $198.4 million in common equity distributions paid in 2024 in order to maintain Entergy Louisiana’s capital structure;

•money pool activity;

•the issuance of $70 million of 5.94% Series J notes by the Entergy Louisiana Waterford variable interest entity in September 2023;

•an increase of $110.8 million in advance payments from customers for construction related to transmission, distribution, and generator interconnection agreements;

•the repayment, prior to maturity, of $300 million of 5.59% Series mortgage bonds in December 2023;

•the repayment, at maturity, of $325 million of 4.05% Series mortgage bonds in September 2023;

•the issuances of $500 million of 5.35% Series mortgage bonds and $700 million of 5.70% Series mortgage bonds in March 2024;

•the repayment, at maturity, of $665 million of 0.62% Series mortgage bonds in November 2023; and

•the issuance of $700 million of 5.15% Series mortgage bonds in August 2024.

Decreases in Entergy Louisiana’s payable to the money pool are a use of cash flow, and Entergy Louisiana’s payable to the money pool decreased $156.2 million in 2024 compared to decreasing by $69.9 million in 2023.

See Note 5 to the financial statements for details of long-term debt.  See Note 2 to the financial statements for discussion of the March 2023 storm cost securitization.

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

2023 Compared to 2022

See “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS - Liquidity and Capital Resources - Cash Flow” in Item 7 of Entergy Louisiana’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 23, 2024, for discussion of operating, investing, and financing cash flow activities for 2023 compared to 2022.

Capital Structure

Entergy Louisiana’s debt to capital ratio is shown in the following table.  The increase in the debt to capital ratio for Entergy Louisiana is primarily due to the net issuance of long-term debt in 2024.

 December 31,2024December 31,2023Debt to capital46.0