Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 305

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1A
Chunk 305
---
2024 Compared to 2023

Net Income

Net income increased $2.3 million primarily due to higher other income and higher retail electric price, partially offset by higher depreciation and amortization expenses and higher other operation and maintenance expenses.

Operating Revenues

Following is an analysis of the change in operating revenues comparing 2024 to 2023:

 Amount (In Millions)2023 operating revenues$2,028.6 Fuel, rider, and other revenues that do not significantly affect net income3.4 Retail electric price15.4 Volume/weather2.8 2024 operating revenues$2,050.2 

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 an increase in base rates effective June 2023 and the implementation of the distribution cost recovery factor rider effective with the first billing cycle in October 2024, partially offset by the implementation of the generation cost recovery relate-back rider for the Hardin County Peaking Facility effective over three months beginning in May 2023.  See Note 2 to the financial statements for discussion of the 2022 base rate case, the distribution cost recovery factor rider, and the generation cost recovery rider filings.

The volume/weather variance is primarily due to an increase in commercial usage and an increase in weather-adjusted residential usage, partially offset by the effect of less favorable weather on residential sales.  The increases in commercial usage and in weather-adjusted residential usage were primarily due to an increase in customers.

417

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

Total electric energy sales for Entergy Texas for the years ended December 31, 2024 and 2023 are as follows:

20242023% Change(GWh)Residential6,597 6,731 (2)Commercial4,879 4,797 2 Industrial9,457 9,343 1 Governmental269 275 (2)  Total retail  21,202 21,146 — Sales for resale:  Non-associated companies687 462 49 Total21,889 21,608 1 

See Note 19