Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 267

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 267
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 (2,024)(2,024)Non-cash contribution from parent— 976 — 976 Common equity distributions— (97,500)— (97,500)Distributions to LURC(858)— — (858)Other— (43)— (43)Balance at March 31, 2024$45,044 $11,558,975 $52,774 $11,656,793 Balance at December 31, 2024$42,706 $11,503,030 $53,658 $11,599,394 Net income752 253,445 — 254,197 Other comprehensive loss— — (971)(971)Common equity distributions — (36,250)— (36,250)Distributions to LURC(888)— — (888)Other— (12)— (12)Balance at March 31, 2025$42,570 $11,720,213 $52,687 $11,815,470 See Notes to Financial Statements.

96

ENTERGY MISSISSIPPI, LLC AND SUBSIDIARIES

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Net income increased $19.4 million primarily due to higher retail electric price and higher volume/weather, partially offset by a regulatory charge, recorded in the first quarter 2025, to reflect an adjustment to the grid modernization over/under recovery deferral balance.

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$414.9 Fuel, rider, and other revenues that do not significantly affect net income(34.3)Retail electric price24.1 Volume/weather19.0 2025 operating revenues$423.7 

Entergy Mississippi’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 increases in formula rate plan rates effective April 2024 and July 2024 and an increase in the interim facilities rate adjustment revenues