Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 190

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 7
Chunk 190
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 by a security interest in its accounts receivable at Entergy Arkansas’s option.(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $5 million for Entergy Mississippi; $10 million for Entergy New Orleans; and $25 million for Entergy Texas.The commitment fees on the credit facilities range from 0.075% to 0.375% of the undrawn commitment amount for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy Texas, and of the entire facility amount for Entergy New Orleans.  Each of the credit facilities requires the Registrant Subsidiary borrower to maintain a debt ratio, as defined, of 65% or less of its total capitalization.  Each Registrant Subsidiary is in compliance with this covenant.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

In addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each has an uncommitted standby letter of credit facility as a means to post collateral to support its obligations to MISO and for other purposes.  The following is a summary of the uncommitted standby letter of credit facilities as of March 31, 2025:CompanyAmount of Uncommitted FacilityLetter of Credit FeeLetters of CreditIssued as ofMarch 31, 2025 (a) (b)Entergy Arkansas$25 million0.78%$17.1 millionEntergy Louisiana$125 million 0.78%$56.2 millionEntergy Mississippi$65 million0.78%$32.6 millionEntergy New Orleans$1 million1.625%$0.5 millionEntergy Texas$150 million1.250%$105.4 million(a)As of March 31, 2025, no letters of credit were posted with MISO to cover financial transmission rights at the Utility operating companies.(b)As of March 31, 2025, the letters of credit issued for Entergy Mississippi include $31.3 million in MISO letters of credit and $1.3 million in non-MISO letters of credit outstanding under this facility.The short-term borrowings of the Registrant Subsidiaries are limited to amounts authorized by the FERC.  Entergy Arkansas, Entergy Louisiana,