Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 369

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 369
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 and the Big Rock Point Site, with a subsequent amendment to the purchase and sale agreement in February 2020.  In December 2020, Entergy and Holtec submitted a license transfer application to the NRC requesting approval to transfer the Palisades and Big Rock Point licenses from Entergy to Holtec.  In February 2021 several parties filed with the NRC petitions to intervene and requests for hearing challenging the license transfer application.  In March 2021, Entergy and Holtec filed answers opposing the petitions to intervene and hearing requests, and the petitioners filed replies.  In March 2021 an additional party also filed a petition to intervene and request for hearing.  Entergy and Holtec filed an answer to the March 2021 petition in April 2021.  The NRC issued an order approving the application in December 2021, subject to the NRC’s authority to condition, revise, or rescind the approval order based on the resolution of four pending requests for hearing.  These petitions and requests for hearing remained pending with the NRC at the time of the closing of the Palisades transaction in June 2022.  In July 2022 the NRC issued an order granting the Michigan Attorney General’s petition hearing request.  The hearing was held in February 2023.  A decision from the NRC is pending.  See Note 14 to the financial statements for discussion of the sale of the Palisades plant.

9

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

Liquidity and Capital Resources

This section discusses Entergy’s capital structure, capital spending plans and other uses of capital, sources of capital, and the cash flow activity presented in the cash flow statement.

Capital Structure

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

 December 31,2024December 31,2023Debt to capital65.3%63.8%Effect of excluding securitization bonds(0.2%)(0.3%)Debt to capital, excluding securitization bonds (non-GAAP) (a)65.1%63.5%Effect of subtracting cash(0.7%)(0.1%)Net debt to net capital, excluding securitization bonds (non-GAAP) (a)64.