Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 252

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 7
Chunk 252
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,810 — 3,810 2025 Net Income (Loss) Attributable to Entergy Corporation$810,462 ($116,662)$693,800 

(a)Parent & Other includes eliminations, which are primarily intersegment activity.

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

Operating Revenues

Utility

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

Amount(In Millions)2024 operating revenues$3,370 Fuel, rider, and other revenues that do not significantly affect net income263 Retail one-time bill credit92 Volume/weather75 Purchased power agreement termination proceeds15 Retail electric price14 Effect of sale of natural gas distribution businesses(32)2025 operating revenues$3,797 

The Utility operating companies’ 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 one-time bill credit variance represents the disbursement of settlement proceeds in the form of a one-time bill credit provided to Entergy Arkansas’s retail customers during the August 2024 billing cycle through the Grand Gulf credit rider as a result of the System Energy settlement with the APSC.  There is no effect on net income because Entergy previously recorded a regulatory liability at the time of the global black box settlement reached between System Energy and the MPSC in June 2022.  See Note 2 to the financial statements in the Form 10-K for discussion of the System Energy settlements with the APSC and the MPSC.  See Note 2 to the financial statements herein and in the Form 10-K for discussion of Entergy Arkansas’s Grand Gulf credit rider.

The volume/weather variance is primarily due to an increase in industrial and residential usage.  The increase in industrial usage is primarily due to an increase in demand from large industrial customers, primarily in the primary metals, chlor-alkali, and industrial gases industries.  The increase in residential usage is primarily due to an increase in customers.

The purchased power agreement termination proceeds variance represents $15 million of liquidated damages recognized by Entergy Mississippi in third quarter 2025 resulting from a counterparty’s termination of a purchased power agreement.

The retail electric price