Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1043

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 3
Chunk 1043
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 while maintaining our commitment to hiring the most qualified candidates.

•It drives an engaged workforce, customer-centric service and solutions, enhancement of owner value, and community partnerships.

2024 Annual Incentive Program Target Performance Goal Considerations

In determining the targets for 2024, the Talent and Compensation Committee reviewed anticipated drivers and risks to the Company’s expectations for ETR Adjusted EPS and Adjusted FFO/Debt Ratio for 2024 as set forth in the Company’s financial plan, as well as factors driving the strong financial performance achieved in 2023.  The Talent and Compensation Committee noted that the proposed targets for ETR Adjusted EPS reflected year-to-year growth in the core earnings measure underlying the annual incentive program target consistent with Entergy’s stated objective at the beginning of the year of steady, predictable growth in ETR Adjusted EPS at a compound annual rate of 6%-8%.  The Talent and Compensation Committee also considered the potential impact of a wide range of identified risks and opportunities and confirmed that the annual incentive program targets for each of the performance measures reflected a reasonable balancing of such risks and opportunities and an appropriate degree of challenge.  The goals were designed to be achievable, but also to require the strong coordinated performance of the management team.

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2024 Annual Incentive Program Performance Assessment

In January 2025, the Finance and Talent and Compensation Committees jointly reviewed the Company’s financial and operational results and assessed management’s performance against the performance measures and goals described above in order to determine the EAM.  The following table summarizes the annual incentive program performance goals and results for 2024:

Performance MeasurePerformance Goals and ResultsWeightingMinimumTargetMaximum2024 ResultsLevel of AchievementETR Adjusted EPS ($)(1)60%3.513.603.693.65156%Adjusted FFO/Debt Ratio(2)10%14.0%14.4%14.9%15.0%200%Safety(3)10%SIF: 7TRIR: 0.55SIF: 5TRIR: 0.45SIF: 3TRIR: 0.40SIF: 18TRIR: 0.4190%Customer NPS(4)10%Residential: 52Business: 39Large C&I: 43Residential: 49Business: 37Large C&I: 45Residential: 47Business: 32Large C&I: 47Residential: 34