Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 129

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 4
Chunk 129
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, 2024$757,774 Balance at December 31, 2024$697,601 Net income12,099 Balance at March 31, 2025$709,700 See Notes to Financial Statements. 

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ENTERGY TEXAS, INC. AND SUBSIDIARIES

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Net income increased $30.1 million primarily due to higher volume/weather, higher retail electric price, and higher other income, partially offset by higher interest expense and higher taxes other than income taxes.

Operating Revenues

Following is an analysis of the change in operating revenues comparing the first quarter 2025 to the first quarter 2024:

Amount(In Millions)2024 operating revenues$444.5 Fuel, rider, and other revenues that do not significantly affect net income(35.8)Retail electric price11.2 Volume/weather22.0 2025 operating revenues$441.9 

Entergy Texas’s results include revenues from rate mechanisms designed to recover fuel, purchased power, and other costs such that the revenues and expenses associated with these items generally offset and do not affect net income.  “Fuel, rider, and other revenues that do not significantly affect net income” includes the revenue variance associated with these items.

The retail electric price variance is primarily due to the implementation of the distribution cost recovery factor rider effective with the first billing cycle in October 2024 and an increase in the distribution cost recovery factor rider effective in late December 2024.  See Note 2 to the financial statements in the Form 10-K for discussion of the distribution cost recovery factor rider filings.

The volume/weather variance is primarily due to the effect of more favorable weather on residential sales, an increase in weather-adjusted residential usage, and an increase in commercial usage.  The increase in weather-adjusted residential usage and the increase in commercial usage are primarily due to an increase in customers.

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Table of ContentsEntergy Texas, Inc. and SubsidiariesManagement’s Financial Discussion and Analysis

Total electric energy sales for Entergy Texas for the three months ended March 31, 2025 and 2024 are as follows:

20252024% Change(GWh)Residential1,559 1,311 19 Commercial1,110 1,083 2 Industrial2,160 2,053 5 Governmental63 63 —   Total retail