Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 189

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 7
Chunk 189
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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

to outstanding borrowings under the facility was 5.92%.  The following is a summary of the amounts outstanding and capacity available under the credit facility as of March 31, 2025:Capacity BorrowingsLettersof CreditCapacityAvailable(In Millions)$3,000$—$4$2,996Entergy Corporation’s credit facility includes a covenant requiring Entergy to maintain a consolidated debt ratio, as defined, of 65% or less of its total capitalization.  Entergy is in compliance with this covenant.  If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Registrant Subsidiaries (except Entergy New Orleans and System Energy) defaults on other indebtedness or is in bankruptcy or insolvency proceedings, an acceleration of the Entergy Corporation credit facility’s maturity date may occur.Entergy Corporation has a commercial paper program with a Board-approved program limit of $2 billion.  As of March 31, 2025, Entergy Corporation had $1,330 million of commercial paper outstanding.  The weighted-average interest rate for the three months ended March 31, 2025 was 4.66%.Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2025 as follows:CompanyExpirationDateAmount ofFacilityInterest Rate (a)Amount Drawnas ofMarch 31, 2025Letters of CreditOutstanding as of March 31, 2025Entergy ArkansasApril 2026$25 million (b)6.27%$—$—Entergy ArkansasJune 2029$300 million (c)5.55%$—$—Entergy LouisianaJune 2029$400 million (c)5.67%$—$—Entergy MississippiJune 2029$300 million (c)5.55%$—$—Entergy New OrleansJune 2027$25 million (c)6.05%$—$—Entergy TexasJune 2029$300 million (c)5.67%$—$1.1 million(a)The interest rate is the estimated interest rate as of March 31, 2025 that would have been applied to outstanding borrowings under the facility.(b)Borrowings under this Entergy Arkansas credit facility may be secured