Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 393

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 393
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24

Table of ContentsEntergy Corporation and SubsidiariesManagement’s Financial Discussion and Analysis

2024.  The decrease in storm restoration expenditures is primarily due to Hurricane Ida restoration efforts in 2023;

•net payments to storm reserve escrow accounts of $17 million in 2024 as compared to net receipts from storm reserve escrow accounts of $79 million in 2023;

•an increase of $89 million in distribution construction expenditures primarily due to increased investment in the resilience of the Utility distribution system, partially offset by lower capital expenditures for storm restoration in 2024; and

•an increase of $38 million in nuclear fuel purchases due to variations from year to year in the timing and pricing of fuel reload requirements, materials and services deliveries, and the timing of cash payments during the nuclear fuel cycle.

The increase was partially offset by:

•a decrease of $111 million in nuclear construction expenditures primarily due to decreased spending on various nuclear projects in 2024;

•an increase of $59 million in proceeds received in 2024 as compared to 2023 from the DOE resulting from litigation regarding spent nuclear fuel storage costs.  See Note 8 to the financial statements for discussion of the spent nuclear fuel storage litigation;

•the substantial completion and final payments totaling approximately $35 million in 2023 for the purchase of the Sunflower Solar facility by the Entergy Mississippi tax equity partnership;

•a decrease of $28 million in facilities construction expenditures primarily due to decreased spending on various facilities projects in 2024 and the construction at Entergy Mississippi of a new transmission office in 2023; and

•a decrease of $25 million in information technology capital expenditures primarily due to decreased spending on various technology projects in 2024.

See Note 14 to the financial statements for discussion of the Driver Solar facility, the West Memphis Solar facility, the Walnut Bend Solar facility, and the Sunflower Solar facility purchases.

Financing Activities

Net cash flow provided by financing activities increased $1,844 million in 2024 primarily due to:

•long-term debt activity providing approximately $2,845 million of cash in 2024 compared to using approximately $862 million of cash in 2023;

•an increase of $192 million in advance payments from customers for construction related to transmission, distribution, and generator interconnection agreements; and

•an increase of $127 million in proceeds received from the exercise of stock options in 2024 as compared to 2023.

The increase was partially offset by:

•pro