EX-99.1 2 a03722991.htm EX-99.1 Document


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ENTERGY STATISTICAL REPORT
AND INVESTOR GUIDE
2021



Our Vision: We Power Life
Our Mission: We exist to grow a world-class energy business that creates sustainable value for our four key stakeholders – our customers, our employees, our communities, and our owners.
Entergy Corporation, a Fortune 500 company headquartered in New Orleans, powers life for 3 million customers across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,500 employees are dedicated to powering life today and for future generations.
We have assembled the statistics and facts in this report to support your review and analysis of Entergy’s results over the last three years.

This information is available in two electronic files, Excel and PDF, in order to facilitate easier access and analysis.
Entergy Investor Relations



TABLE OF CONTENTSNote: The Excel Tab labels correspond to the page numbers
in the PDF version of the 2021 report.
Excel TabExcel Tab
ABOUT THIS PUBLICATIONPage 2   Utility Securities DetailPages 31 – 34
FORWARD-LOOKING INFORMATIONPage 2        Utility Long-Term Debt and Preferred Stock Page 31
REGULATION G COMPLIANCEPage 2            Entergy Arkansas, LLCPage 31
ENTERGY AT A GLANCEPages 3 – 4            Entergy Utility Holding Company, LLCPage 31
            Entergy Louisiana, LLCPage 32
ENTERGY CORPORATION AND SUBSIDIARIES            Entergy Mississippi, LLCPage 33
  Selected Financial and Operating DataPage 5            Entergy New Orleans, LLCPage 33
     Selected Financial DataPage 5            Entergy Texas, Inc.Page 34
     Utility Electric Operating DataPage 5            System Energy Resources, Inc.Page 34
     Entergy Wholesale Commodities Operating DataPage 5   Utility Statistical InformationPages 35 – 47
     EmployeesPage 5        Utility Total CapabilityPage 35
     Owned and Leased CapabilityPage 5        Utility Selected Operating DataPage 35
    Consolidated Quarterly Financial MetricsPage 6        Utility Electric Statisitcal InformationPage 36
    Consolidated Annual Financial MetricsPage 6            Entergy Arkansas, LLCPages 37 – 38
    Financial ResultsPage 7            Entergy Louisiana, LLC Pages 39 – 40
          GAAP to Non-GAAP Reconciliations:Page 7            Entergy Mississippi, LLCPages 41 – 42
      Consolidated Quarterly ResultsPage 7            Entergy New Orleans, LLC Pages 43 – 44
      Consolidated Quarterly AdjustmentsPages 8 – 9            System Energy Resources, Inc. Page 44
      Consolidated Annual ResultsPage 10            Entergy Texas, Inc.Pages 45 – 46
      Consolidated Annual AdjustmentsPages 11 – 12        Utility Nuclear Plant StatisticsPage 47
     Consolidated Statements of OperationsPage 13   Utility Regulatory InformationPage 48
     Consolidating Income StatementPage 14        State Regulatory CommissionsPage 48
     Consolidated Balance SheetsPages 15 – 16        Commission/Council MembersPage 48
     Consolidating Balance SheetPages 17 – 18
     Consolidated Statements of Cash FlowPages 19 – 20ENTERGY WHOLESALE COMMODITIES
     Cash Flow Information by BusinessPage 20   EWC Quarterly Financial MetricsPage 49
     Consolidated Statements of Changes in EquityPage 21   EWC Annual Financial MetricsPage 49
     Consolidated Statements of ComprehensivePage 22   EWC Quarterly Operational MetricsPage 49
      Income (Loss)   EWC Annual Operational MetricsPage 49
  Consolidated Capital ExpendituresPage 23   EWC Total CapacityPage 49
     Historical Capital ExpendituresPage 23   EWC Nuclear Plant StatisticsPage 50
  Entergy Corporation Securities DetailPage 23   EWC Nuclear Plant Additional InformationPage 50
     Entergy Corporation Long-Term DebtPage 23   EWC Non-Nuclear Wholesale Assets Page 50
     Securities Ratings (Outlook)Page 23     Plant Statistics
     Preferred Member InterestsPage 23   EWC Non-Nuclear Wholesale Assets Page 50
UTILITY     Plant Emissions
   Utility Quarterly Financial MetricsPage 24   EWC Non-Nuclear Assets Securities DetailPage 51
   Utility Annual Financial MetricsPage 24   Vermont Yankee Credit Facility Page 51
   Utility Securities Ratings (Outlook)Page 24   Preferred StockPage 51
   Utility Historical Capital ExpendituresPage 24
   Utility Financial ResultsPages 25 – 30DEFINITIONS OF OPERATIONAL MEASURES AND
        Utility Consolidating Income StatementPage 25  GAAP AND NON-GAAP FINANCIAL MEASURESPage 52
        Utility Consolidating Balance SheetPages 26 – 27
        Utility Selected Annual Financial MetricsPages 28 – 30REG G RECONCILIATIONS
  Financial MeasuresPages 53 – 66
INVESTOR INFORMATIONPage 67


ABOUT THIS PUBLICATION● effects of climate change, including the potential for increases in extreme weather events
This publication is unaudited and should be used in conjunction with Entergy’s 2021and sea levels or coastal land and wetland loss;
Annual Report to Shareholders and Form 10-K filed with the Securities and Exchange● the risk that an incident at any nuclear generation facility in the U.S. could lead to the
Commission. It has been prepared for information purposes and is not intended for useassessment of significant retrospective assessments and/or retrospective insurance
in connection with any sale or purchase of, or any offer to buy, any securities of Entergypremiums as a result of Entergy’s participation in a secondary financial protection system
Corporation or its subsidiaries.and a utility industry mutual insurance company;
● changes in the quality and availability of water supplies and the related regulation of
FORWARD-LOOKING INFORMATIONwater use and diversion;
In this report and from time to time, Entergy Corporation makes statements concerning ● Entergy’s ability to manage its capital projects, including completion of projects timely
its expectations, beliefs, plans, objectives, goals, projections, strategies, and futureand within budget and to obtain the anticipated performance or other benefits, and its
events or performance. Such statements are “forward-looking statements” within theoperation and maintenance costs;
meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,”● the effects of supply chain disruptions, including those driven by the COVID-19 global
“will,” “could,” “project,” “believe,” “anticipate,” “intend,” “expect,” “estimate,” “continue,”pandemic or by trade-related governmental actions, on Entergy’s ability to complete its
“potential,” “plan,” “predict,” “forecast,” and other similar words or expressions arecapital projects in a timely and cost-effective manner;
intended to identify forward-looking statements but are not the only means to identify● Entergy’s ability to purchase and sell assets at attractive prices and on other attractive
these statements. Although Entergy believes that these forward-looking statements andterms;
the underlying assumptions are reasonable, it cannot provide assurance that they will● the economic climate, and particularly economic conditions in Entergy’s Utility service
prove correct. Any forward-looking statement is based on information current as of thearea and events and circumstances that could influence economic conditions in those areas,
date of this report and speaks only as of the date on which such statement is made. including power prices and inflation, and the risk that anticipated load growth may not
Except to the extent required by the federal securities laws, Entergy undertakes nomaterialize;
obligation to publicly update or revise any forward-looking statements, whether as a● changes to federal income tax laws and regulations, including the continued impact of the
result of new information, future events, or otherwise. Tax Cuts and Jobs Act and its intended and unintended consequences on financial
Forward-looking statements involve a number of risks and uncertainties. There areresults and future cash flows;
factors that could cause actual results to differ materially from those expressed or● the effects of Entergy’s strategies to reduce tax payments;
implied in the forward-looking statements, including (a) those factors discussed or● changes in the financial markets and regulatory requirements for the issuance of
incorporated by reference in Item 1A. Risk Factors contained in the Form 10-K forsecurities, particularly as they affect access to capital and Entergy’s ability to refinance
the year ended Dec. 31, 2021, (b) those factors discussed or incorporated by referenceexisting securities, and fund investments and acquisitions;
in Management’s Financial Discussion and Analysis contained in the Form 10-K for the● actions of rating agencies, including changes in the ratings of debt and preferred
year ended Dec. 31, 2021, and (c) the following factors (in addition to others describedstock, changes in general corporate ratings, and changes in the rating agencies’ ratings
elsewhere in this report and in subsequent securities filings):criteria;
● resolution of pending and future rate cases and related litigation, formula rate● changes in inflation and interest rates;
proceedings and related negotiations, including various performance-based rate● the effects of litigation and government investigations or proceedings;
discussions, Entergy’s utility supply plan, and recovery of fuel and purchased power costs, ● changes in technology, including (i) Entergy’s ability to implement new or emerging
as well as delays in cost recovery resulting from these proceedings;technologies, (ii) the impact of changes relating to new, developing, or alternative
● regulatory and operating challenges and uncertainties and economic risks associatedsources of generation such as distributed energy and energy storage, renewable energy,
with the Utility operating companies’ participation in MISO, including the benefits ofenergy efficiency, demand side management and other measures that reduce load and
continued MISO participation, the effect of current or projected MISO market rules andgovernment policies incentivizing development of the foregoing, and (iii) competition from
market and system conditions in the MISO markets, the allocation of MISO system other companies offering products and services to Entergy’s customers based on new or
transmission upgrade costs, the MISO-wide base rate of return on equity allowed oremerging technologies or alternative sources of generation;
any MISO-related charges and credits required by the FERC, and the effect of planning● Entergy's ability to effectively formulate and implement plans to reduce its carbon
decisions that MISO makes with respect to future transmission investments by theemission rate and aggregate carbon emissions, including its commitment to achieve
Utility operating companies;net-zero carbon emissions by 2050, and the potential impact on its business of
● changes in utility regulation, including with respect to retail and wholesale competition,attempting to achieve such objectives;
the ability to recover net utility assets and other potential stranded costs, and the● the effects, including increased security costs, of threatened or actual terrorism,
application of more stringent return on equity criteria, transmission reliabilitycyber-attacks or data security breaches, natural or man-made electromagnetic pulses
requirements or market power criteria by the FERC or the U.S. Department of Justice;that affect transmission or generation infrastructure, accidents, and war or a catastrophic
● changes in the regulation or regulatory oversight of Entergy’s owned or operated nuclearevent such as a nuclear accident or a natural gas pipeline explosion;
generating facilities and nuclear materials and fuel, and the effects of new or● the effects of a global or geopolitical event or pandemic, such as the COVID-19 global
existing safety or environmental concerns regarding nuclear power plants and fuel;pandemic and the military activities between Russia and Ukraine, including economic and
● resolution of pending or future applications, and related regulatory proceedings andsocietal disruptions; volatility in the capital markets (and any related increased cost of
litigation, for license modifications or other authorizations required of nuclear generatingcapital or any inability to access the capital markets or draw on available bank credit
facilities and the effect of public and political opposition on these applications, regulatoryfacilities); reduced demand for electricity, particularly from commercial and industrial
proceedings, and litigation;customers; increased or unrecoverable costs; supply chain, vendor, and contractor
● the performance of and deliverability of power from Entergy’s generation resources,disruptions; delays in completion of capital or other construction projects, maintenance, and
including the capacity factors at Entergy’s nuclear generating facilities;other operations activities, including prolonged or delayed outages; impacts to Entergy’s
● increases in costs and capital expenditures that could result from changing regulatory workforce availability, health, or safety; increased cybersecurity risks as a result of many
requirements, changing economic conditions, and emerging operating and industry issues,employees telecommuting; increased late or uncollectible customer payments; regulatory
and the risks related to recovery of these costs and capital expenditures from Entergy’sdelays; executive orders affecting, or increased regulation of, Entergy's business; changes
customers (especially in an increasing cost environment);in credit ratings or outlooks as a result of any of the foregoing; or other adverse impacts on
● the commitment of substantial human and capital resources required for the safe andEntergy’s ability to execute on its business strategies and initiatives or, more generally, on
reliable operation and maintenance of Entergy’s nuclear generating facilities;Entergy’s results of operations, financial condition, and liquidity;
● Entergy’s ability to develop and execute on a point of view regarding future prices of ● Entergy’s ability to attract and retain talented management, directors, and employees
electricity, natural gas, and other energy-related commodities;with specialized skills;
● the prices and availability of fuel and power Entergy must purchase for its Utility● Entergy’s ability to attract, retain and manage an appropriately qualified workforce;
customers, and Entergy’s ability to meet credit support requirements for fuel and power● changes in accounting standards and corporate governance;
supply contracts;● declines in the market prices of marketable securities and resulting funding
● volatility and changes in markets for electricity, natural gas, uranium, emissionsrequirements and the effects on benefits costs for Entergy’s defined benefit pension
allowances, and other energy-related commodities, and the effect of those changes onand other postretirement benefit plans;
Entergy and its customers;● future wage and employee benefit costs, including changes in discount rates and
● changes in law resulting from federal or state energy legislation or legislationreturns on benefit plan assets;
subjecting energy derivatives used in hedging and risk management transactions to● changes in decommissioning trust fund values or earnings or in the timing of,
governmental regulation;requirements for, or cost to decommission Entergy’s nuclear plant sites and the


● changes in environmental laws and regulations, agency positions or associated implementation of decommissioning of such sites following shutdown;
litigation, including requirements for reduced emissions of sulfur dioxide, nitrogen oxide,● the effectiveness of Entergy’s risk management policies and procedures and the
greenhouse gases, mercury, particulate matter and other regulated air emissions, heatability and willingness of its counterparties to satisfy their financial and performance
and other regulated discharges to water, requirements for waste management andcommitments; and
disposal and for the remediation of contaminated sites, wetlands protection and● Entergy and its subsidiaries' ability to successfully execute on their business
permitting, and changes in costs of compliance with environmental laws and regulations;strategies, including their ability to complete strategic transactions that they may
● changes in laws and regulations, agency positions, or associated litigation related toundertake.
protected species and associated critical habitat designations;
● the effects of changes in federal, state, or local laws and regulations, and otherREGULATION G COMPLIANCE
governmental actions or policies, including changes in monetary, fiscal, tax,Financial performance measures shown in this report include those calculated and
environmental, trade/tariff, domestic purchase requirements, or energy policies andpresented in accordance with generally accepted accounting principles (GAAP), as well
related laws, regulations, and other governmental actions;as those that are considered non-GAAP measures. This report includes non-GAAP
● the effects of full or partial shutdowns of the federal government or delays in obtaining measures of adjusted earnings; adjusted EPS; adjustments; adjusted EBITDA; adjusted
government or regulatory actions or decisions;common dividend payout ratio; adjusted ROE; gross liquidity; adjusted return on average
● uncertainty regarding the establishment of interim or permanent sites for spent nuclearmember's equity; adjusted net revenue; adjusted non-fuel O&M; total debt, excluding
fuel and nuclear waste storage and disposal and the level of spent fuel and nuclearsecuritization debt; debt to capital, excluding securitization debt; net debt to net capital,
waste disposal fees charged by the U.S. government or other providers related to suchexcluding securitization debt; parent debt to total debt, excluding securitization debt; FFO;
sites;FFO to debt, excluding securitization debt; FFO to debt excluding securitization debt, return
● variations in weather and the occurrence of hurricanes and other storms and disasters,of unprotected excess ADIT, and severance, and retention payments associated with exit
including uncertainties associated with efforts to remediate the effects of hurricanesof EWC. We have prepared reconciliations of these measures to the most directly
(including from Hurricane Laura, Hurricane Delta, Hurricane Zeta, and Hurricane Ida), icecomparable GAAP measures. Reconciliations can be found on pages 7, 10, and 53 – 66.
storms, or other weather events and the recovery of costs associated with restoration,
including accessing funded storm reserves, federal and local cost recovery mechanisms,
securitization, and insurance, as well as any related unplanned outages;


ENTERGY AT A GLANCE
STAKEHOLDER OBJECTIVES
Entergy's Mission: We exist to operate a world-class energy business that creates sustainable value for our four key stakeholders – our customers, our employees, our communities, and our owners.
● For our customers, we create value by delivering top-quartile customer experience. We work directly with customers to understand their needs and exceed their expectations while keeping rates affordable.
● For our employees, we create value by advocating for our employees to live safe, all day, every day. We strive to earn top-quartile organizational health scores. We provide a rewarding, engaging, diverse, and inclusive work environment with fair compensation and benefits while also providing opportunities for career advancement.
● For our communities, we create value by achieving top-quartile social responsibility performance. We are active in economic development, philanthropy, volunteerism, and advocacy, and we operate our business safely, resiliently, and in a socially and environmentally responsible way.
● For our owners, we create value by delivering top-quartile total shareholder returns. We are relentless in our pursuit of opportunities to optimize our business.
ENTERGY BY THE NUMBERS
GAAP revenues$11.7 billion
GAAP net Income$1.1 billion
Total assets$59.5 billion
Utility electric customers3.0 million
Interconnected high-voltage transmission lines16,100 circuit miles
Distribution lines across the utility’s 94,000-square-mile service area105,500 circuit miles
Utility billed retail electric energy sales114,744 GWh
Employees at year-end12,369
Utility owned and leased generating capability by fuel source in MW:
  Modern Gas10,508
  Nuclear5,222
  Legacy Gas6,425
  Coal2,097
  Renewables101



ENTERGY AT A GLANCE
UTILITY OPERATIONS
The Utility business segment includes the generation, transmission, distribution, and sale of electric power, and operation of a small
 natural gas distribution business.
● Five retail electric utilities with 3 million customers
● Four states – Arkansas, Louisiana, Mississippi, Texas
● 24,353 MW generating capability
● Two gas utilities with 206,000 customers
ENTERGY ARKANSAS, LLC (E-AR)
Entergy Arkansas generates, transmits, distributes, and sells electric power to 728,000 retail customers in Arkansas.
ENTERGY LOUISIANA, LLC (E-LA)
Entergy Louisiana generates, transmits, distributes, and sells electric power to 1,100,000 retail customers in Louisiana.
Entergy Louisiana also provides natural gas utility service to 96,000 customers in the Baton Rouge, Louisiana area.
ENTERGY MISSISSIPPI, LLC (E-MS)
Entergy Mississippi generates, transmits, distributes, and sells electric power to 461,000 retail customers in Mississippi.
ENTERGY NEW ORLEANS, LLC (E-NO)
Entergy New Orleans generates, transmits, distributes, and sells electric power to 209,000 retail customers in the city of New Orleans,
Louisiana. Entergy New Orleans also provides natural gas utility service to 110,000 customers in the city of New Orleans.
ENTERGY TEXAS, INC. (E-TX)
Entergy Texas generates, transmits, distributes, and sells electric power to 486,000 retail customers in Texas.
SYSTEM ENERGY RESOURCES, INC. (SERI)
System Energy owns or leases 90% of the Grand Gulf 1 nuclear generating facility. System Energy sells its power and capacity from
Grand Gulf 1 at wholesale to Entergy Arkansas (36%), Entergy Louisiana (14%), Entergy Mississippi (33%) and
Entergy New Orleans (17%).
UTILITY NUCLEAR PLANTS
Entergy owns and operates five nuclear units at four plant sites to serve its regulated utility business:
Arkansas Nuclear One (ANO) Units 1 and 2 near Russellville, Arkansas; Grand Gulf Nuclear Station Unit 1 in Port Gibson,
Mississippi; River Bend Station in St. Francisville, Louisiana and Waterford Steam Electric Station Unit 3 in Killona, Louisiana.


SELECTED FINANCIAL AND OPERATING DATA
SELECTED FINANCIAL DATA  
202120202019
GAAP MEASURES
Operating Revenues ($ millions)11,743 10,114 10,879 
As-Reported Net Income (Loss) Attributable to Entergy Corporation ($ millions)1,118 1,388 1,241 
As-Reported Earnings Per Share ($)5.54 6.90 6.3 
Common Dividend Paid Per Share ($)3.86 3.74 3.66 
Common Dividend Payout Ratio – As-Reported (%)70 54 58 
NON-GAAP MEASURES
Adjusted Earnings ($ millions)1,215 1,138 1,064 
Adjusted Earnings Per Share ($)6.02 5.66 5.4 
Adjustments ($ millions)(97)250 177 
Adjustments Per Share ($)(0.48)1.24 0.9 
Common Dividend Payout Ratio – Adjusted (%)64 66 68 
UTILITY ELECTRIC OPERATING DATA  
 202120202019
Retail Kilowatt-Hour Sales (millions) 114,744 111,170 115,911 
Peak Demand (megawatts) 22,051 21,340 21,598 
Retail Customers – Year End (thousands) 2,984 2,954 2,923 
  
ENTERGY WHOLESALE COMMODITIES OPERATING DATA
 202120202019
Billed Electric Energy Sales (gigawatt hours) 11,328 20,581 28,088 
EMPLOYEES   
 202120202019
Total Employees – Year End 12,369 13,400 13,635 


OWNED AND LEASED CAPABILITY (MW)(a)  
 As of December 31, 2021
 E-AR E-LA E-MS  E-NO  E-TX SERIEWC(b)(c)(d)  Total
Gas/Oil 2,091 8,261 2,938 639 3,004 — 213 17,146 
Coal 1,193 340 312 — 252 — 181 2,278 
Total Fossil 3,284 8,601 3,250 639 3,256 — 394 19,424 
Nuclear 1,819 2,140 — — — 1,263 811 6,033 
Hydro72 — — — — — — 72 
Solar— — 2 27 — — — 29 
Total 5,175 10,741 3,252 666 3,256 1,263 1,205 25,558 
 (a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based
          on the primary fuel (assuming no curtailments) that each station was designed to utilize.
 (b) Nuclear reflects Net MW in Operation. Net MW in Operation is the installed capacity owned and operated. Excludes management
          services contract for Cooper Nuclear Station.
 (c) Fossil reflects nameplate rating of generating unit and excludes capacity under contract.
 (d) The owned MW capacity for coal is the portion of the plant capacity owned by Entergy Wholesale Commodities.


CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA
CONSOLIDATED QUARTERLY FINANCIAL METRICS
20212020 FY
 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
GAAP MEASURES  
ROE – as-reported (%)(a) 15.1 11.6 11.3 9.9 9.9 11.5 12.2 13.3 13.1 13.1 (3.2)
Cash and cash equivalents ($ millions)1,743 687 1,000 443 443 1,464 935 1,240 1,759 1,759 (1,317)
Revolver capacity ($ millions) 4,220 4,125 3,925 3,985 3,985 3,348 4,110 4,125 4,110 4,110 (124)
Commercial paper ($ millions) 1,028 866 1,006 1,201 1,201 1,942 1,946 1,398 1,627 1,627 (426)
Total debt ($ millions) 25,803 25,435 25,695 27,154 27,154 21,465 21,493 22,127 24,062 24,062 3,092 
Securitization debt ($ millions) 147 114 90 84 84 271 232 209 175 175 (91)
Debt to capital (%) 69.6 69.5 69.1 69.5 69.5 67.2 66.8 66.7 68.3 68.3 1.2 
Off-balance sheet liabilities ($ millions)
Debt of joint ventures – Entergy’s share 15 12 9 7 7 53 51 49 17 17 (10)
Total off-balance sheet liabilities15 12 9 7 7 53 51 49 17 17 (10)
NON-GAAP MEASURES
ROE – adjusted (%)(a)11.311.310.910.810.811.811.410.910.810.80
Gross liquidity ($ millions) 5,963 4,812 4,925 4,428 4,428 4,811 5,045 5,364 5,869 5,869 (1,441)
Net liquidity ($ millions)4,935 3,946 3,919 3,227 3,227 2,870 3,099 3,966 4,241 4,241 (1,014)
Net liquidity, including storm escrows ($ millions)5,007 4,018 3,952 3,260 3,260 3,242 3,472 4,339 4,357 4,357 (1,097)
Debt to capital,
     excluding securitization debt (%) 		69.5 69.4 69.0 69.4 69.4 66.9 66.6 66.5 68.1 68.1 1.3 
Net debt to net capital,
     excluding securitization debt (%) 		68.0 68.9 68.1 69.1 69.1 65.3 65.6 65.2 66.4 66.4 2.6 
Parent debt to total debt,
     excluding securitization debt (%)		22.3 22.4 23.4 22.2 22.2 22.2 22.0 22.4 21.6 21.6 0.6 
FFO to debt,
     excluding securitization debt (%)		8.2 8.3 8.3 7.7 7.7 14.3 14.6 11.8 10.3 10.3 (2.6)
FFO to debt,
     excluding securitization debt, return of
     unprotected excess ADIT, and severance and
     retention payments associated with exit of EWC (%)
8.7 9.3 9.2 8.4 8.4 16.0 16.0 12.5 10.9 10.9 (2.5)
Totals may not foot due to rounding.
(a) Rolling twelve months.




CONSOLIDATED ANNUAL FINANCIAL METRICS
202120202019
GAAP MEASURES   
ROE – as-reported (%)9.9 13.1 13.0 
Cash and cash equivalents ($ millions)443 1,759 426 
Revolver capacity ($ millions) 3,985 4,110 3,810 
Commercial paper ($ millions) 1,201 1,627 1,947 
Total debt ($ millions) 27,154 24,062 19,885 
Securitization debt ($ millions) 84 175 298 
Debt to capital (%) 69.5 68.3 65.5 
Off-balance sheet liabilities ($ millions)
Debt of joint ventures – Entergy’s share 7 17 54 
Total off-balance sheet liabilities7 17 54 
NON-GAAP MEASURES
ROE – adjusted (%)10.8 10.8 11.2 
Gross liquidity ($ millions) 4,428 5,869 4,236 
Net liquidity ($ millions)3,227 4,241 2,289 
Net liquidity, including storm escrows ($ millions)3,260 4,357 2,701 
Debt to capital, excluding securitization debt (%)69.4 68.1 65.1 
Net debt to net capital, excluding securitization debt (%) 69.1 66.4 64.6 
Parent debt to total debt, excluding securitization debt (%) 22.2 21.6 21.6 
FFO to debt, excluding securitization debt (%) 7.7 10.3 14.6 
FFO to debt, excluding securitization debt, return of
unprotected excess ADIT, and severance and retention
payments associated with exit of EWC (%) 		8.4 10.9 16.8 
Totals may not foot due to rounding. 


FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION
 20212020FY
(After-tax, $ in millions)  1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)
Utility357 326 570 238 1,490 320 345 552 584 1,800 (310)
Parent & Other(60)(57)(65)(68)(249)(90)(69)(61)(127)(347)98 
Entergy Wholesale Commodities38 (275)26 89 (123)(111)85 30 (69)(65)(58)
CONSOLIDATED AS-REPORTED EARNINGS (LOSS)335 (6)531 259 1,118 119 361 521 388 1,388 (270)
LESS ADJUSTMENTS
Utility— — 11 16 27 — — — 377 377 (350)
Parent & Other— — — (1)(1)— — — (61)(61)61 
Entergy Wholesale Commodities38 (275)26 89 (123)(111)85 30 (69)(65)(58)
TOTAL ADJUSTMENTS38 (275)37 104 (97)(111)85 30 246 250 (347)
ADJUSTED EARNINGS (LOSS)
Utility357 326 559 222 1,464 320 345 552 207 1,424 40 
Parent & Other(60)(57)(65)(67)(248)(90)(69)(61)(66)(286)37 
Entergy Wholesale Commodities— — — — — — — — — — — 
CONSOLIDATED ADJUSTED EARNINGS (LOSS)297 269 494 155 1,215 230 276 491 142 1,138 77 
Weather Impact 24 (19)(2)(10)(7)(50)(4)1 (22)(75)68 
SHARES OF COMMON STOCK OUTSTANDING
($ millions)
End of period 201 201 201 203 203 200 200 200 200 200 3 
Diluted average201 201 202 203 202 201 201 201 201 201 1 
20212020FY
(After-tax, per share in $) (a) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
AS-REPORTED EARNINGS (LOSS)               
Utility1.77 1.62 2.82 1.17 7.38 1.59 1.71 2.74 2.90 8.95 (1.57)
Parent & Other(0.30)(0.28)(0.32)(0.33)(1.23)(0.45)(0.34)(0.30)(0.63)(1.73)0.50 
Entergy Wholesale Commodities0.19 (1.37)0.13 0.44 (0.61)(0.55)0.42 0.15 (0.34)(0.32)(0.29)
CONSOLIDATED AS-REPORTED EARNINGS (LOSS)1.66 (0.03)2.63 1.28 5.54 0.59 1.79 2.59 1.93 6.90 (1.36)
LESS ADJUSTMENTS
Utility— — 0.05 0.08 0.13 — — — 1.87 1.87 (1.74)
Parent & Other— — — — — — — — (0.31)(0.31)0.31 
Entergy Wholesale Commodities0.19 (1.37)0.13 0.44 (0.61)(0.55)0.42 0.15 (0.34)(0.32)(0.29)
TOTAL ADJUSTMENTS0.19 (1.37)0.18 0.52 (0.48)(0.55)0.42 0.15 1.22 1.24 (1.72)
ADJUSTED EARNINGS (LOSS)
Utility1.77 1.62 2.77 1.09 7.25 1.59 1.71 2.74 1.03 7.08 0.17 
Parent & Other(0.30)(0.28)(0.32)(0.33)(1.23)(0.45)(0.34)(0.30)(0.32)(1.42)0.19 
Entergy Wholesale Commodities— — — — — — — — — — — 
CONSOLIDATED ADJUSTED EARNINGS (LOSS)1.47 1.34 2.45 0.76 6.02 1.14 1.37 2.44 0.71 5.66 0.36 
Weather Impact 0.12 (0.09)(0.01)(0.05)(0.03)(0.25)(0.02)0.01 (0.11)(0.37)0.34 
Totals may not foot due to rounding.
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.




FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY ADJUSTMENTS - BY ITEM TYPE
Shown as Positive/(Negative) Impact on Earnings
20212020FY
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
UTILITY ADJUSTMENTS                                 
Gain on sale— — 15 — 15 — — — — — 15 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— — — — — — — — (25)(25)25 
Income tax effect on Utility adjustments above (a)— — (4)— (4)— — — 6 6 (10)
Income tax valuation allowance— — — (8)(8)— — — — — (8)
Provision for uncertain tax position— — — (5)(5)— — — — — (5)
State corporate income tax rate change— — — 29 29 — — — — — 29 
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — — 396 396 (396)
Total — — 11 16 27 — — — 377 377 (350)
PARENT & OTHER ADJUSTMENTS
State corporate income tax rate change— — — (1)(1)— — — — — (1)
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — — (61)(61)61 
Total — — — (1)(1)— — — (61)(61)61 
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Income before income taxes54 (346)35 112 (146)(141)110 43 30 42 (188)
Income taxes(16)72 (9)(22)25 31 (24)(12)(99)(105)130 
Preferred dividend requirements (1)(1)(1)(1)(2)(1)(1)(1)(1)(2)— 
Total 38 (275)26 89 (123)(111)85 30 (69)(65)(58)
TOTAL ADJUSTMENTS38 (275)37 104 (97)(111)85 30 246 250 (347)
20212020FY
(After-tax, per share in $) (b) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
UTILITY ADJUSTMENTS           
Gain on sale— — 0.05 — 0.05 — — — — — 0.05 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— — — — — — — — (0.09)(0.09)0.09 
Income tax valuation allowance— — — (0.04)(0.04)— — — — — (0.04)
Provision for uncertain tax position— — — (0.02)(0.02)— — — — — (0.02)
State corporate income tax rate change— — — 0.14 0.14 — — — — — 0.14 
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — 1.96 1.96 (1.96)
Total — — 0.05 0.08 0.13 — — — 1.87 1.87 (1.74)
PARENT & OTHER ADJUSTMENTS           
2014 / 2015 IRS settlement - E-LA business combination— — — — — — — — (0.31)(0.31)0.31 
Total — — — — — — — — (0.31)(0.31)0.31 
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Total 0.19 (1.37)0.13 0.44 (0.61)(0.55)0.42 0.15 (0.34)(0.32)(0.29)
TOTAL ADJUSTMENTS0.19 (1.37)0.18 0.52 (0.48)(0.55)0.42 0.15 1.22 1.24 (1.72)
Totals may not foot due to rounding.
(a) Income tax effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply.
(b) EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply to each adjustment and then dividing by
     the diluted average number of common shares outstanding for the period.



FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED QUARTERLY ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
20212020FY
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions) 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FY CHANGE
UTILITY ADJUSTMENTS
Other O&M— — 15 — 15 — — — — — 15 
Other regulatory charges— — — — — — — — (25)(25)25 
Income taxes (a)— — (4)16 12 — — — 402 402 (390)
Total — — 11 16 27 — — — 377 377 (350)
PARENT & OTHER ADJUSTMENTS
Income taxes (a)— — — (1)(1)— — — (61)(61)61 
Total — — — (1)(1)— — — (61)(61)61 
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Operating revenues248 149 162 139 698 333 200 214 196 943 (245)
Fuel and fuel-related expenses(21)(17)(24)(20)(83)(20)(17)(14)(16)(67)(15)
Purchased power(18)(18)(22)(15)(73)(11)(10)(29)(18)(68)(5)
Nuclear refueling outage expense(11)(11)(11)(11)(45)(12)(12)(11)(11)(45)(1)
Other O&M(99)(83)(51)(53)(287)(131)(140)(114)(115)(500)213 
Asset write-offs and impairments(3)(342)— 82 (264)(5)(7)(4)(10)(27)(237)
Decommissioning expense(53)(40)(14)(14)(120)(50)(51)(51)(53)(205)85 
Taxes other than income taxes (6)(6)(2)(3)(17)(20)(14)(10)(9)(53)36 
Depreciation/amortization expense(13)(14)(9)(9)(44)(35)(25)(21)(21)(102)58 
Other income (deductions) - other34 41 9 18 101 (184)194 87 92 189 (87)
Interest expense and other charges(4)(4)(3)(2)(13)(5)(7)(5)(5)(22)9 
Income taxes (16)72 (9)(22)25 31 (24)(12)(99)(105)130 
Preferred dividend requirements(1)(1)(1)(1)(2)(1)(1)(1)(1)(2)— 
Total 38 (275)26 89 (123)(111)85 30 (69)(65)(58)
TOTAL ADJUSTMENTS (after-tax)38 (275)37 104 (97)(111)85 30 246 250 (347)
Totals may not foot due to rounding.
(a) Income taxes represents the income tax effect of the adjustments which were calculated using the estimated income tax rate that is expected to apply to each item, as well as tax adjustments as a result of tax reform.


FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION
(After-tax, $ in millions) 202120202019
AS-REPORTED EARNINGS (LOSS)
Utility1,490 1,800 1,411 
Parent & Other(249)(347)(316)
Entergy Wholesale Commodities(123)(65)147 
CONSOLIDATED AS-REPORTED EARNINGS 1,118 1,388 1,241 
LESS ADJUSTMENTS
Utility27 377 41 
Parent & Other(1)(61)(11)
Entergy Wholesale Commodities(123)(65)147 
TOTAL ADJUSTMENTS(97)250 177 
ADJUSTED EARNINGS (LOSS)
Utility1,464 1,424 1,369 
Parent & Other(248)(286)(305)
Entergy Wholesale Commodities— — — 
ENTERGY ADJUSTED EARNINGS 1,215 1,138 1,064 
Weather Impact (7)(75)46 
SHARES OF COMMON STOCK OUTSTANDING
($ millions)
End of period 203 200 199 
Weighted average - diluted 202 201 197 
(After-tax, per share in $) (a)202120202019
AS-REPORTED EARNINGS (LOSS)
Utility7.38 8.95 7.16 
Parent & Other(1.23)(1.73)(1.60)
Entergy Wholesale Commodities(0.61)(0.32)0.74 
CONSOLIDATED AS-REPORTED EARNINGS 5.54 6.90 6.30 
LESS ADJUSTMENTS
Utility0.13 1.87 0.21 
Parent & Other— (0.31)(0.05)
Entergy Wholesale Commodities(0.61)(0.32)0.74 
TOTAL ADJUSTMENTS(0.48)1.24 0.90 
ADJUSTED EARNINGS (LOSS)
Utility7.25 7.08 6.95 
Parent & Other(1.23)(1.42)(1.55)
Entergy Wholesale Commodities— — — 
ENTERGY ADJUSTED EARNINGS 6.02 5.66 5.40 
Weather Impact (0.03)(0.37)0.23 
Totals may not foot due to rounding.
(a) Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.


FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL ADJUSTMENTS - BY ITEM TYPE
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions)202120202019
UTILITY ADJUSTMENTS
Gain on sale15 — — 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— (25)— 
Income tax effect on Utility adjustments above (a)(4)6 — 
Income tax valuation allowance(8)— — 
Provision for uncertain tax position(5)— — 
State corporate income tax rate change29 — — 
2014 / 2015 IRS settlement - E-LA business combination— 396 — 
Reversal of income tax valuation allowance— — 41 
Total 27 377 41 
PARENT & OTHER ADJUSTMENTS
State corporate income tax rate change(1)
2014 / 2015 IRS settlement - E-LA business combination— (61)— 
Income tax item related to a valuation allowance for interest deductibility— — (11)
Total (1)(61)(11)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Income before income taxes(146)42 (12)
Income taxes25 (105)161 
Preferred dividend requirements(2)(2)(2)
Total (123)(65)147 
TOTAL ADJUSTMENTS(97)250 177 
(After-tax, per share in $) (b)202120202019
UTILITY ADJUSTMENTS
Gain on sale0.05 — — 
SERI regulatory liability for potential refund for rate base reduction retroactive to 2015— (0.09)— 
Income tax valuation allowance(0.04)— — 
Provision for uncertain tax position(0.02)— — 
State corporate income tax rate change0.14 — — 
2014 / 2015 IRS settlement - E-LA business combination— 1.96 — 
Reversal of income tax valuation allowance— — 0.21 
Total 0.13 1.87 0.21 
PARENT & OTHER ADJUSTMENTS
Income tax item related to a valuation allowance for interest deductibility— — (0.05)
2014 / 2015 IRS settlement - E-LA business combination— (0.31)— 
Total — (0.31)(0.05)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENT
Total (0.61)(0.32)0.74 
TOTAL ADJUSTMENTS(0.48)1.24 0.90 
Totals may not foot due to rounding.
(a) Income tax effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply.
(b) EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply to each
     adjustment and then dividing by the diluted average number of common shares outstanding for the period.


FINANCIAL RESULTS
ENTERGY CORPORATION CONSOLIDATED ANNUAL ADJUSTMENTS - BY INCOME STATEMENT LINE ITEM
Shown as Positive/(Negative) Impact on Earnings
(Pre-tax except for income taxes, preferred dividend requirements, and totals; $ millions)202120202019
UTILITY ADJUSTMENTS
Other O&M15 — — 
Other regulatory charges— (25)— 
Income taxes (a)12 402 41 
Total 27 377 41 
PARENT & OTHER ADJUSTMENTS
Income taxes (a)(1)(61)(11)
Total (1)(61)(11)
ENTERGY WHOLESALE COMMODITIES ADJUSTMENTS
Operating revenues698 943 1,295 
Fuel and fuel-related expenses(83)(67)(98)
Purchased power(73)(68)(59)
Nuclear refueling outage expense(45)(45)(49)
Other O&M(287)(500)(678)
Asset write-offs and impairments(264)(27)(290)
Decommissioning expense(120)(205)(237)
Taxes other than income taxes (17)(53)(60)
Depreciation/amortization expense(44)(102)(148)
Other income (deductions) - other101 189 340 
Interest expense and other charges(13)(22)(29)
Income taxes25 (105)161 
Preferred dividend requirements(2)(2)(2)
Total (123)(65)147 
TOTAL ADJUSTMENTS (after-tax)(97)250 177 
Totals may not foot due to rounding.
(a) Income taxes represents the income tax effect of the adjustments which were calculated using the estimated income tax rate that is expected to apply to each item, as well as tax adjustments as a result of tax reform.


(Page left blank intentionally)


FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
In thousands, except share data, for the years ended December 31, 202120202019
OPERATING REVENUES:
Electric $10,873,995 $9,046,643 $9,429,978 
Natural gas 170,610 124,008 153,954 
Competitive businesses 698,291 942,985 1,294,741 
Total 11,742,896 10,113,636 10,878,673 
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale 2,458,096 1,564,371 2,029,638 
Purchased power 1,271,677 904,268 1,192,860 
Nuclear refueling outage expenses 172,636 184,157 204,927 
Other operation and maintenance 2,968,621 3,002,626 3,272,381 
Asset write-offs, impairments, and related charges263,625 26,623 290,027 
Decommissioning 306,411 381,861 400,802 
Taxes other than income taxes 660,290 652,840 643,745 
Depreciation and amortization 1,684,286 1,613,086 1,480,016 
Other regulatory charges (credits) – net 111,628 14,609 (26,220)
Total 9,897,270 8,344,441 9,488,176 
OPERATING INCOME1,845,626 1,769,195 1,390,497 
OTHER INCOME:
Allowance for equity funds used during construction 70,473 119,430 144,974 
Interest and investment income 430,466 392,818 547,912 
Miscellaneous – net (201,778)(210,633)(252,539)
Total 299,161 301,615 440,347 
INTEREST EXPENSE:
Interest expense863,712 837,981 807,382 
Allowance for borrowed funds used during construction (29,018)(52,318)(64,957)
Total 834,694 785,663 742,425 
INCOME BEFORE INCOME TAXES1,310,093 1,285,147 1,088,419 
Income taxes 191,374 (121,506)(169,825)
CONSOLIDATED NET INCOME1,118,719 1,406,653 1,258,244 
Preferred dividend requirements of subsidiaries and noncontrolling interest227 18,319 17,018 
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION$1,118,492 $1,388,334 $1,241,226 
Basic earnings per average common share $5.57 $6.94 $6.36 
Diluted earnings per average common share $5.54 $6.90 $6.30 
Basic average number of common shares outstanding200,941,511 200,106,945 195,195,858 
Diluted average number of common shares outstanding201,873,024 201,102,220 196,999,284 


FINANCIAL RESULTS
2021 CONSOLIDATING INCOME STATEMENT (unaudited)
 ENTERGY
In thousands, except share data, for the year ended December 31, 2021.  UTILITY  PARENT & OTHER  EWC  CONSOLIDATED
OPERATING REVENUES:     
Electric $10,874,064 ($69)$— $10,873,995 
Natural gas 170,610 — — 170,610 
Competitive businesses — 127 698,164 698,291 
Total 11,044,674 58 698,164 11,742,896 
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale2,375,456 (29)82,669 2,458,096 
Purchased power 1,198,755 29 72,893 1,271,677 
Nuclear refueling outage expenses 127,758 — 44,878 172,636 
Other operation and maintenance 2,657,025 25,068 286,528 2,968,621 
Asset write-offs, impairments, and related charges— — 263,625 263,625 
Decommissioning 186,238 — 120,173 306,411 
Taxes other than income taxes 642,604 493 17,193 660,290 
Depreciation and amortization1,637,151 2,706 44,429 1,684,286 
Other regulatory charges - net111,628 — — 111,628 
Total 8,936,615 28,267 932,388 9,897,270 
OPERATING INCOME2,108,059 (28,209)(234,224)1,845,626 
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction 70,473 — — 70,473 
Interest and investment income442,817 (130,948)118,597 430,466 
Miscellaneous – net (176,649)(8,020)(17,109)(201,778)
Total 336,641 (138,968)101,488 299,161 
INTEREST EXPENSE:
Interest expense 721,022 129,356 13,334 863,712 
Allowance for borrowed funds used during construction (29,018)— — (29,018)
Total 692,004 129,356 13,334 834,694 
INCOME BEFORE INCOME TAXES 1,752,696 (296,533)(146,070)1,310,093 
Income taxes 264,209 (47,454)(25,381)191,374 
CONSOLIDATED NET INCOME1,488,487 (249,079)(120,689)1,118,719 
Preferred dividend requirements of subsidiaries and noncontrolling interest(1,933)(28)2,188 227 
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION$1,490,420 ($249,051)($122,877)$1,118,492 
Basic earnings per average common share $7.42 ($1.24)($0.61)$5.57 
Diluted earnings per average common share $7.38 ($1.23)($0.61)$5.54 
Totals may not foot due to rounding.


FINANCIAL RESULTS
CONSOLIDATED BALANCE SHEETS (unaudited)
In thousands, as of December 31,202120202019
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash $44,944 $128,851 $34,242 
Temporary cash investments397,615 1,630,248 391,480 
Total cash and cash equivalents 442,559 1,759,099 425,722 
Accounts receivable:
Customer 786,866 833,478 595,509 
Allowance for doubtful accounts (68,608)(117,794)(7,404)
Other 231,843 135,208 219,870 
Accrued unbilled revenues 420,255 434,835 400,617 
Total accounts receivable1,370,356 1,285,727 1,208,592 
Deferred fuel costs324,394 4,380 — 
Fuel inventory – at average cost 154,575 172,934 145,476 
Materials and supplies – at average cost 1,041,515 962,185 824,989 
Deferred nuclear refueling outage costs 133,422 179,150 157,568 
Prepayments and other 156,774 196,424 283,645 
Total 3,623,595 4,559,899 3,045,992 
OTHER PROPERTY AND INVESTMENTS:
Decommissioning trust funds 5,514,016 7,253,215 6,404,030 
Non-utility property – at cost (less accumulated depreciation) 357,576 343,328 332,864 
Other 159,455 214,222 496,452 
Total 6,031,047 7,810,765 7,233,346 
PROPERTY, PLANT AND EQUIPMENT:
Electric 64,263,250 59,696,443 54,271,467 
Natural gas 658,989 610,768 547,110 
Construction work in progress 1,511,966 2,012,030 2,823,291 
Nuclear fuel 577,006 601,281 677,181 
Total property, plant and equipment 67,011,211 62,920,522 58,319,049 
Less – accumulated depreciation and amortization 24,767,051 24,067,745 23,136,356 
Property, plant and equipment – net 42,244,160 38,852,777 35,182,693 
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets (includes securitization property of
       $49,579 as of December 31, 2021, $119,238 as of
   December 31, 2020 and $239,219 as of December 31, 2019)6,613,256 6,076,549 5,292,055 
Deferred fuel costs 240,953 240,422 239,892 
Goodwill 377,172 377,172 377,172 
Accumulated deferred income taxes 54,186 76,289 64,461 
Other 269,873 245,339 288,301 
Total 7,555,440 7,015,771 6,261,881 
TOTAL ASSETS $59,454,242 $58,239,212 $51,723,912 
 


FINANCIAL RESULTS
CONSOLIDATED BALANCE SHEETS (unaudited)
In thousands, as of December 31, 202120202019
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt $1,039,329 $1,164,015 $795,012 
Notes payable and commercial paper1,201,177 1,627,489 1,946,727 
Accounts payable 2,610,132 2,739,437 1,499,861 
Customer deposits 395,184 401,512 409,171 
Taxes accrued 419,828 441,011 233,455 
Interest accrued 191,151 201,791 194,129 
Deferred fuel costs 7,607 153,113 197,687 
Pension and other postretirement liabilities 68,336 61,815 66,184 
Current portion of unprotected excess accumulated deferred income taxes53,385 63,683 76,457 
Other 204,613 206,640 201,780 
Total 6,190,742 7,060,506 5,620,463 
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued 4,706,797 4,361,772 4,401,190 
Accumulated deferred investment tax credits 211,975 212,494 207,113 
Regulatory liability for income taxes - net1,255,692 1,521,757 1,633,159 
Other regulatory liabilities 2,643,845 2,323,851 1,961,005 
Decommissioning and asset retirement cost liabilities 4,757,084 6,469,452 6,159,212 
Accumulated provisions 157,122 242,835 534,028 
Pension and other postretirement liabilities 1,949,325 2,853,013 2,798,265 
Long-term debt (includes securitization bonds
    of $83,639 as of December 31, 2021, $174,635 as of
    December 31, 2020 and $297,981 as of December 31, 2019)24,841,572 21,205,761 17,078,643 
Other 815,284 807,219 852,749 
Total 41,338,696 39,998,154 35,625,364 
Commitments and Contingencies
Subsidiaries' preferred stock without sinking fund 219,410 219,410 219,410 
EQUITY:
Preferred stock, no par value, authorized 1,000,000 shares in 2021 and 0 shares
in 2020 and 2019; issued shares in 2021, 2020, and 2019 - none— — — 
Common stock, $0.01 par value, authorized 499,000,000 in 2021 and 500,000,000
shares in 2020 and 2019; issued 271,965,510 shares in 2021 and
issued 270,035,180 shares in 2020 and in 20192,720 2,700 2,700 
Paid-in capital 6,766,239 6,549,923 6,564,436 
Retained earnings 10,240,552 9,897,182 9,257,609 
Accumulated other comprehensive loss (332,528)(449,207)(446,920)
Less – treasury stock, at cost (69,312,326 shares in 2021,
69,790,346 shares in 2020, and 70,886,400 shares in 2019)5,039,699 5,074,456 5,154,150 
Total common shareholders' equity11,637,284 10,926,142 10,223,675 
Subsidiaries' preferred stock without sinking fund and noncontrolling interest68,110 35,000 35,000 
Total 11,705,394 10,961,142 10,258,675 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $59,454,242 $58,239,212 $51,723,912 
Totals may not foot due to rounding.


FINANCIAL RESULTS
2021 CONSOLIDATING BALANCE SHEET (unaudited)
 ENTERGY
In thousands, as of December 31, 2021 UTILITY  PARENT & OTHER  EWC  CONSOLIDATED
ASSETS     
CURRENT ASSETS:       
Cash and cash equivalents:
Cash $40,303 $3,144 $1,497 $44,944 
Temporary cash investments 270,947 8,126 118,542 397,615 
Total cash and cash equivalents 311,250 11,270 120,039 442,559 
Notes receivable— (84,000)84,000 — 
Accounts receivable:
    Customer 747,423 — 39,443 786,866 
Allowance for doubtful accounts (68,608)— — (68,608)
Associated companies12,448 (13,069)621 — 
Other 137,817 345 93,681 231,843 
Accrued unbilled revenues 420,255 — — 420,255 
Total accounts receivable 1,249,335 (12,724)133,745 1,370,356 
Deferred fuel costs324,394 — — 324,394 
Fuel inventory – at average cost 149,817 — 4,758 154,575 
Materials and supplies – at average cost 1,022,137 — 19,378 1,041,515 
Deferred nuclear refueling outage costs 115,024 — 18,398 133,422 
Prepayments and other 162,559 (16,251)10,466 156,774 
Total 3,334,516 (101,705)390,784 3,623,595 
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates1,482,963 (1,483,049)22,090 22,004 
Decommissioning trust funds 4,938,194 — 575,822 5,514,016 
Non-utility property – at cost (less accumulated depreciation) 344,427 (14)13,163 357,576 
Other 82,118 46,339 8,994 137,451 
Total 6,847,702 (1,436,724)620,069 6,031,047 
PROPERTY, PLANT AND EQUIPMENT:
Electric 63,775,441 10,869 476,940 64,263,250 
Natural gas 658,989 — — 658,989 
Construction work in progress 1,510,840 257 869 1,511,966 
Nuclear fuel 562,910 — 14,096 577,006 
   Total property, plant and equipment 66,508,180 11,126 491,905 67,011,211 
Less – accumulated depreciation and amortization 24,346,483 5,968 414,600 24,767,051 
Property, plant and equipment – net 42,161,697 5,158 77,305 42,244,160 
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets6,613,256 — — 6,613,256 
Deferred fuel costs 240,953 — — 240,953 
Goodwill 374,099 — 3,073 377,172 
Accumulated deferred income taxes 47,641 59 6,486 54,186 
Other 113,761 11,154 144,958 269,873 
Total 7,389,710 11,213 154,517 7,555,440 
TOTAL ASSETS 59,733,625 (1,522,058)1,242,675 59,454,242 
TOTAL ASSETS$55,940,153 ($1,501,319)$3,800,378 $58,239,212 
Totals may not foot due to rounding.


FINANCIAL RESULTS
2021 CONSOLIDATING BALANCE SHEET (unaudited)
 ENTERGY
In thousands, as of December 31, 2021 UTILITY  PARENT & OTHER  EWC  CONSOLIDATED
LIABILITIES AND SHAREHOLDERS' EQUITY    
CURRENT LIABILITIES:
Currently maturing long-term debt $250,329 $650,000 $139,000 $1,039,329 
Notes payable and commercial paper:
Other — 1,201,177 — 1,201,177 
Accounts payable:
Associated companies 38,168 (41,588)3,420 — 
Other 2,544,419 77 65,636 2,610,132 
Customer deposits 395,184 — — 395,184 
Taxes accrued 417,949 3,680 (1,801)419,828 
Interest accrued 166,149 24,506 496 191,151 
Deferred fuel costs 7,607 — — 7,607 
Pension and other postretirement liabilities 55,528 — 12,808 68,336 
Current portion of unprotected excess accumulated deferred
income taxes53,385 — — 53,385 
Other 190,473 1,893 12,247 204,613 
Total 4,119,191 1,839,745 231,806 6,190,742 
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued 5,737,096 (477,484)(552,815)4,706,797 
Accumulated deferred investment tax credits 211,975 — — 211,975 
Regulatory liability for income taxes - net1,255,692 — — 1,255,692 
Other regulatory liabilities 2,643,845 — — 2,643,845 
Decommissioning and retirement cost liabilities 4,074,078 — 683,006 4,757,084 
Accumulated provisions 156,823 — 299 157,122 
Pension and other postretirement liabilities 1,601,648 — 347,677 1,949,325 
Long-term debt20,675,567 4,166,005 — 24,841,572 
Other 1,207,314 (453,928)61,898 815,284 
Total 37,564,038 3,234,593 540,065 41,338,696 
Subsidiaries' preferred stock without sinking fund 195,161 — 24,249 219,410 
EQUITY:
Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2021 - none— — — — 
Common stock, $.01 par value, authorized 499,000,000 shares;
issued 271,965,510 shares in 20212,323,748 (2,522,131)201,103 2,720 
Paid-in capital 4,482,797 1,314,411 969,031 6,766,239 
Retained earnings 11,149,232 (465,227)(443,453)10,240,552 
Accumulated other comprehensive income (loss) (52,402)— (280,126)(332,528)
Less – treasury stock, at cost (69,312,326 shares in 2021)120,000 4,919,699 — 5,039,699 
Total common shareholders' equity17,783,375 (6,592,646)446,555 11,637,284 
Subsidiaries' preferred stock without sinking fund
and noncontrolling interest71,860 (3,750)— 68,110 
Total17,855,235 (6,596,396)446,555 11,705,394 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $59,733,625 ($1,522,058)$1,242,675 $59,454,242 
Totals may not foot due to rounding.


FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
In thousands, for the years ended December 31, 202120202019
OPERATING ACTIVITIES:
Consolidated net income (loss)$1,118,719 $1,406,653 $1,258,244 
Adjustments to reconcile consolidated net income (loss)
  to net cash flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization 2,242,944 2,257,750 2,182,313 
Deferred income taxes, investment tax credits, and non-current taxes accrued 248,719 (131,114)193,950 
Asset write-offs, impairments, and related charges263,599 26,379 226,678 
Changes in working capital:
Receivables (84,629)(139,296)(101,227)
Fuel inventory 18,359 (27,458)(28,173)
Accounts payable 269,797 137,457 (71,898)
Taxes accrued (21,183)207,556 (20,784)
Interest accrued (10,640)7,662 937 
Deferred fuel costs(466,050)(49,484)172,146 
Other working capital accounts (53,883)(143,451)(3,108)
Changes in provisions for estimated losses(85,713)(291,193)19,914 
Changes in other regulatory assets (536,707)(784,494)(545,559)
Changes in other regulatory liabilities43,631 238,669 (14,781)
Changes in pensions and other postretirement liabilities(897,167)50,379 187,124 
Other 250,917 (76,149)(639,149)
Net cash flow provided by operating activities 2,300,713 2,689,866 2,816,627 
INVESTING ACTIVITIES:
Construction/capital expenditures (6,087,296)(4,694,076)(4,197,667)
Allowance for equity funds used during construction 70,473 119,430 144,862 
Nuclear fuel purchases (166,512)(215,664)(128,366)
Payment for purchase of plant or assets(168,304)(247,121)(305,472)
Net proceeds from sale of assets 17,421 — 28,932 
Insurance proceeds received for property damages— — 7,040 
Changes in securitization account13,669 5,099 3,298 
Payments to storm reserve escrow account(25)(2,273)(8,038)
Receipts from storm reserve escrow account83,105 297,588 — 
Decrease (increase) in other investments 2,343 (12,755)30,319 
Litigation proceeds for reimbursement of spent nuclear fuel storage costs49,236 72,711 2,369 
Proceeds from nuclear decommissioning trust fund sales 5,553,629 3,107,812 4,121,351 
Investment in nuclear decommissioning trust funds (5,547,015)(3,203,057)(4,208,870)
Net cash flow used in investing activities (6,179,276)(4,772,306)(4,510,242)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt 8,308,427 12,619,201 9,304,396 
Preferred stock of subsidiary— — 33,188 
Treasury stock 5,977 42,600 93,862 
Common stock 200,776 — 607,650 
Retirement of long-term debt (4,827,827)(8,152,378)(7,619,380)
Repurchase/redemptions of preferred stock— — (50,000)
Changes in credit borrowings and commercial paper – net (426,312)(319,238)4,389 
Contribution from noncontrolling interest51,202 — — 
Other43,221 (7,524)(7,732)
Dividends paid:
Common stock (775,122)(748,342)(711,573)
Preferred stock (18,319)(18,502)(16,438)
Net cash flow provided by financing activities 2,562,023 3,415,817 1,638,362 
Net increase (decrease) in cash and cash equivalents (1,316,540)1,333,377 (55,253)
Cash and cash equivalents at beginning of period 1,759,099 425,722 480,975 
Cash and cash equivalents at end of period $442,559 $1,759,099 $425,722 


FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF CASH FLOW (unaudited)
$ thousands, for the years ended December 31, 202120202019
SUPPLEMENTAL DISCLOSURE OF
CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized 843,228 803,923 778,209 
Income taxes 98,377 (31,228)(40,435)


CASH FLOW INFORMATION BY BUSINESS  
 PARENT &  ENTERGY
For the years ended December 31, 2021, 2020, and 2019. UTILITY  OTHER  EWC  CONSOLIDATED
($ thousands)     
2021   
Net cash flow provided by (used in) operating activities 2,646,191 (237,901)(107,577)2,300,713 
Net cash flow provided by (used in) investing activities (6,210,313)(8,493)39,530 (6,179,276)
Net cash flow provided by (used in) financing activities 2,349,357 201,628 11,038 2,562,023 
2020   
Net cash flow provided by (used in) operating activities 2,275,828 296,458 117,580 2,689,866 
Net cash flow provided by (used in) investing activities (4,668,622)(3,086)(100,598)(4,772,306)
Net cash flow provided by (used in) financing activities 3,717,186 (252,386)(48,983)3,415,817 
2019   
Net cash flow provided by (used in) operating activities 2,973,872 (237,649)80,404 2,816,627 
Net cash flow provided by (used in) investing activities (4,425,828)(159)(84,255)(4,510,242)
Net cash flow provided by (used in) financing activities 1,393,628 244,969 (235)1,638,362 
Totals may not foot due to rounding.  


FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited)
Common Shareholders’ Equity
($ thousands)Subsidiaries’ Preferred Stock and Noncontrolling InterestCommon StockTreasury StockPaid-in CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)Total
Balance at December 31, 2018— 2,616 (5,273,719)5,951,431 8,721,150 (557,173)8,844,305 
Implementation of accounting standards— — — — 6,806 (6,806)— 
Balance at January 1, 2019— 2,616 (5,273,719)5,951,431 8,727,956 (563,979)8,844,305 
Consolidated net income (loss) (a)17,018 — — — 1,241,226 — 1,258,244 
Other comprehensive loss— — — — — 117,059 117,059 
Settlement of equity forwards through common stock
issuance— 84 — 607,566 — — 607,650 
Common stock issuance costs— — — (7)— — (7)
Common stock issuances related to stock plans— — 119,569 5,446 — — 125,015 
Common stock dividends declared— — — — (711,573)— (711,573)
Subsidiaries' capital stock redemptions35,000 — — — — — 35,000 
Preferred dividend requirements of subsidiaries (a)(17,018)— — — — — (17,018)
Balance at December 31, 201935,000 2,700 (5,154,150)6,564,436 9,257,609 (446,920)10,258,675 
Implementation of accounting standards— — — — (419)— (419)
Balance at January 1, 202035,000 2,700 (5,154,150)6,564,436 9,257,190 (446,920)10,258,256 
Consolidated net income (loss) (a)18,319 — — — 1,388,334 — 1,406,653 
Other comprehensive income— — — — — (2,287)(2,287)
Common stock issuances related to stock plans— — 79,694 (14,513)— — 65,181 
Common stock dividends declared— — — — (748,342)— (748,342)
Preferred dividend requirements of subsidiaries (a)(18,319)— — — — — (18,319)
Balance at December 31, 202035,000 2,700 (5,074,456)6,549,923 9,897,182 (449,207)10,961,142 
Consolidated net income (loss) (a)227 — — — 1,118,492 — 1,118,719 
Other comprehensive income— — — — — 116,679 116,679 
Common stock issuances and sales under the at the
market equity distribution program— 20 — 204,194 — — 204,214 
Common stock issuance costs— — — (3,438)— — (3,438)
Common stock issuances related to stock plans— — 34,757 15,560 — — 50,317 
Common stock dividends declared— — — — (775,122)— (775,122)
Capital contributions from noncontrolling interest51,202 — — — — — 51,202 
Preferred dividend requirements of subsidiaries (a)(18,319)— — — — — (18,319)
Balance at December 31, 202133,110 20 34,757 216,316 343,370 116,679 744,252 
(a) Consolidated net income and preferred dividend requirements of subsidiaries include $16 million for 2021, 2020, and 2019 of preferred dividends on
subsidiaries’ preferred stock without sinking fund that is not presented as equity.


FINANCIAL RESULTS
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited)
In thousands, for the years ended December 31, 202120202019
NET INCOME (LOSS)$1,118,719 $1,406,653 $1,258,244 
Other comprehensive income (loss)
   Cash flow hedges net unrealized gain (loss)
     (net of tax expense (benefit) of ($7,935), ($14,776), and $28,516 for 2021 to 2019, respectively)(29,754)(55,487)115,026 
   Pension and other postretirement liabilities
     (net of tax expense (benefit) of $55,161, $5,600, and ($6,539) for 2021 to 2019, respectively)195,929 22,496 (25,150)
   Net unrealized investment gains (losses)
     (net of tax expense (benefit) of ($28,435), $17,586, and $14,023 for 2021 to 2019, respectively)(49,496)30,704 27,183 
         Other comprehensive income (loss)116,679 (2,287)117,059 
COMPREHENSIVE INCOME (LOSS)1,235,398 1,404,366 1,375,303 
Preferred dividend requirements of subsidiaries and noncontrolling interest227 18,319 17,018 
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENTERGY CORPORATION$1,235,171 $1,386,047 $1,358,285 


CONSOLIDATED CAPITAL EXPENDITURES
HISTORICAL CAPITAL EXPENDITURES
($ millions) 202120202019
Utility
Generation$1,134 $1,218 $1,781 
Transmission831 978 1,030 
Distribution3,477 1,949 1,114 
Other636 522 504 
Entergy Wholesale Commodities9 26 74 
Total Historical Capital Expenditures $6,087 $4,694 $4,503 

ENTERGY CORPORATION SECURITIES DETAIL
ENTERGY CORPORATION LONG-TERM DEBTCURRENT ORAS OF
MATURITYFIRST CALLFIRST CALLDECEMBER 31,
CUSIPRATEDATEDATEPRICE20212020
       
   $3.5B Bank Credit Facility1.60 %06/26 (b)  $165.00 $165.00 
Commercial Paper (a)0.28 %1,201 1,627 
 29364GAH64.00% Notes4.00 %07/22NowMW (T+.30%)650 650 
 29364GAJ22.95% Notes2.95 %09/26NowMW (T+.25%)750 750 
29364GAK9 3.75% Notes3.75 %06/50NowMW (T+.40%)600 600 
29364GAL7 2.80% Notes2.80 %06/30NowMW (T+.35%)600 600 
29364GAM5 0.90% Notes0.90 %09/25NowMW (T+.125%)800 800 
29364GAN3 1.90% Notes1.90 %06/28NowMW (T+.15%)650 — 
29364GAP8 2.40% Notes2.40 %06/31NowMW (T+.20%)650 — 
 Total     $6,066 $5,192 
(a) Entergy Corporation has a commercial paper program with a program limit of up to $2.0 billion.
(b) The maturity date was extended in June 2021.

SECURITIES RATINGS (OUTLOOK)
ISSUER RATINGCORPORATE CREDIT
As of 12/31/21MOODY’S S&P
Entergy CorporationBaa2 (negative)BBB+ (stable)




 CALL PRICE
AS OF PER SHARE
PREFERRED MEMBER INTERESTSDECEMBER 31,  AS OF DECEMBER 31,
CUSIP DESCRIPTION RATE 202120202021
  
Held by Entergy Louisiana:
NoneClass A preferred non-voting membership interest units of Entergy Holdings Co. LLC10.00 %$684 $684 — 
  (6,843,780 units in 2020 and 2019)(a)
NoneClass B preferred non-voting membership interest units of Entergy Holdings Co. LLC9.00 %413 413 — 
  (4,126,940 units in 2020 and 2019)(a)
NoneClass C preferred non-voting membership interest units of Entergy Holdings Co. LLC7.50 %294 294 — 
 (2,935,153 units in 2020 and 2019)(a)
Held by Entergy Corporation:
NoneClass D preferred non-voting membership interest units of Entergy Holdings Co. LLC5.00 %734 734 — 
 (7,340,750 units in 2020 and 2019)(a)
Held by Entergy Utility Holding Company, LLC:
NoneClass D preferred non-voting membership interest units of Entergy Holdings Co. LLC5.00 %256 256 — 
 (2,559,250 units in 2020 and 2019)(a)
   Total $2,381 $2,381 — 
(a) Distributions are payable quarterly and have a liquidation price of $100 per unit. The preferred membership interests are callable at the option of Entergy Holdings Company LLC after ten years under the terms of the LLC agreement.
Totals may not foot due to rounding.


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UTILITY SELECTED DATA
UTILITY QUARTERLY FINANCIAL METRICS
 20212020FY %
 1Q  2Q  3Q  4Q FY 1Q  2Q  3Q  4Q FYCHANGE
GAAP MEASURES  
As-reported net income applicable to common stock/equity ($ millions)357 326 570 238 1,490 320 345 552 584 1,800 (17.2)
ROE – as-reported (%)(a) 11.9 11.5 11.3 8.8 8.8 11.1 11.0 10.4 12.0 12.0 (26.7)
Debt to capital Ratio (%) 54.3 53.4 52.7 53.8 53.8 53.2 52.9 52.6 53.3 53.3 0.9 
NON-GAAP MEASURES
Adjusted earnings ($ millions)357 326 559 222 1,463 320 345 552 206 1,423 2.8 
ROE – adjusted (%)(a) 9.4 9.1 8.9 8.6 8.6 10.8 10.7 10.1 9.5 9.5 (9.5)
Debt to capital ratio,
     excluding securitization debt (%) 		54.1 53.2 52.5 53.7 53.7 52.8 52.6 52.3 53.1 53.1 1.1 
Net debt to net capital ratio,
     excluding securitization debt (%)		52.8 52.6 51.7 53.3 53.3 51.2 51.5 50.9 51.0 51.0 4.5 
(a) Rolling twelve months. Totals may not foot due to rounding.

UTILITY ANNUAL FINANCIAL METRICS
202120202019
GAAP MEASURES
As-reported net income applicable to common stock/equity ($ millions)1,490 1,800 1,411 
ROE – as-reported (%)(a)8.8 12.0 10.7 
Debt to capital ratio (%)53.8 53.3 52.4 
NON-GAAP MEASURES
Adjusted earnings ($ millions)1,463 1,423 1,369 
ROE – adjusted (%)(a)8.6 9.5 10.4 
Debt to capital ratio, excluding securitization debt (%)53.7 53.1 51.9 
Net debt to net capital ratio, excluding securitization debt (%)53.3 51.0 51.6 
(a) Rolling twelve months. Totals may not foot due to rounding.

UTILITY SECURITIES RATINGS (OUTLOOK)
MORTGAGE BONDS
As of 5/3/22 MOODY’S  S&P
Entergy Arkansas, LLCA2 (positive)A (stable)
Entergy Louisiana, LLC A2 (negative)A (stable)
Entergy Mississippi, LLCA2 (positive)A (stable)
Entergy New Orleans, LLC Baa2 (negative)BBB (developing)
Entergy Texas, Inc.A3 (stable)A (stable)
System Energy Resources, Inc. Baa1 (negative)A (stable)




UTILITY HISTORICAL CAPITAL EXPENDITURES(a)
($ millions) 202120202019
Entergy Arkansas 723 776 642 
Entergy Louisiana3,622 1,961 1,673 
Entergy Mississippi 654 555 738 
Entergy New Orleans 220 229 230 
Entergy Texas703 896 898 
System Energy Resources 100 194 167 
Other(b) 56 57 82 
Total 6,078 4,668 4,430 
(a) Historical capital expenditures include storm capital spending.
(b) Corresponds to Entergy Services, LLC, Entergy Operations, Inc., and Varibus, L.L.C.


UTILITY FINANCIAL RESULTS
2021 UTILITY CONSOLIDATING INCOME STATEMENT (unaudited)
 OTHER/
In thousands, for the year ending December 31, 2021.   E-ARE-LA  E-MSE-NO E-TX  SERIELIMINATIONS(a) UTILITY
OPERATING REVENUES:
Electric$2,338,590 $4,994,459 $1,406,346 $672,231 $1,902,511 $570,848 ($1,010,921)$10,874,064 
Natural gas— 73,989 — 96,621 — — — 170,610 
Total2,338,590 5,068,448 1,406,346 768,852 1,902,511 570,848 (1,010,921)11,044,674 
OPERATING EXPENSES:                  
Operation and maintenance:                  
Fuel, fuel-related expenses, and gas purchased for resale347,166 1,302,291 181,511 150,018 335,742 58,313 415 2,375,456 
Purchased power280,504 768,546 298,034 268,568 588,941 — (1,005,838)1,198,755 
Nuclear refueling outage expenses51,141 49,373 — — — 27,244 — 127,758 
Other operation and maintenance687,418 1,034,427 298,129 145,377 281,713 214,322 (4,361)2,657,025 
Decommissioning77,696 68,575 — — — 38,693 1,274 186,238 
Taxes other than income taxes127,249 224,079 111,712 53,569 94,989 27,842 3,164 642,604 
Depreciation and amortization361,479 656,132 226,545 73,480 214,838 105,978 (1,301)1,637,151 
Other regulatory charges (credits) – net(31,501)38,245 5,913 13,177 59,581 26,214 (1)111,628 
Total1,901,152 4,141,668 1,121,844 704,189 1,575,804 498,606 (1,006,648)8,936,615 
OPERATING INCOME437,438 926,780 284,502 64,663 326,707 72,242 (4,273)2,108,059 
OTHER INCOME (DEDUCTIONS):                  
Allowance for equity funds used during construction15,273 28,648 8,101 2,371 9,892 6,188 — 70,473 
Interest and investment income76,953 282,200 53 48 837 82,744 (18)442,817 
Miscellaneous – net(22,278)(125,886)(8,791)(1,240)721 (18,991)(184)(176,649)
Total69,948 184,962 (637)1,179 11,450 69,941 (202)336,641 
INTEREST EXPENSE:
Interest expense140,348 350,227 75,124 29,164 87,787 38,393 (21)721,022 
Allowance for borrowed funds used during construction(6,641)(12,878)(3,416)(1,056)(3,980)(1,047)— (29,018)
Total133,707 337,349 71,708 28,108 83,807 37,346 (21)692,004 
INCOME BEFORE INCOME TAXES 373,679 774,393 212,157 37,734 254,350 104,837 (4,454)1,752,696 
Income taxes75,195 120,409 45,323 5,936 25,526 (1,977)(6,203)264,209 
NET INCOME298,484 653,984 166,834 31,798 228,824 106,814 1,749 1,488,487 
Preferred dividend requirements of subsidiaries and noncontrolling interest(18,092)— — — 1,909 — 14,250 (1,933)
EARNINGS APPLICABLE TO
COMMON STOCK / EQUITY$316,576 $653,984 $166,834 $31,798 $226,915 $106,814 ($12,501)$1,490,420 
Totals may not foot due to rounding.
(a) Primarily reflects other Entergy subsidiaries, including Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc. and the elimination of intercompany transactions.


UTILITY FINANCIAL RESULTS
2021 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
 OTHER/
In thousands, as of December 31, 2021.   E-AR E-LA  E-MS E-NO E-TX   SERI ELIMINATIONS(a) UTILITY
ASSETS        
CURRENT ASSETS:        
Cash and cash equivalents:
Cash $8,155 $195 $29 $26 $28 $87 $31,783 $40,303 
Temporary cash investments4,760 18,378 47,598 42,836 — 89,114 68,261 270,947 
Total cash and cash equivalents 12,915 18,573 47,627 42,862 28 89,201 100,044 311,250 
Securitization recovery trust account— — — 1,999 26,629 — (28,628)— 
Accounts receivable:
Customer 154,412 355,265 84,048 69,902 83,797 — (1)747,423 
Allowance for doubtful accounts (13,072)(29,231)(7,209)(13,282)(5,814)— — (68,608)
Associated companies 29,587 96,539 42,994 74,146 31,720 118,977 (381,515)12,448 
Other 51,064 36,674 14,609 13,668 13,404 7,003 1,395 137,817 
Accrued unbilled revenues 101,663 174,768 56,034 25,550 62,241 — (1)420,255 
Total accounts receivable323,654 634,015 190,476 169,984 185,348 125,980 (380,122)1,249,335 
Deferred fuel costs 108,862 45,374 121,878 — 48,280 — — 324,394 
Fuel inventory – at average cost 50,892 42,958 10,311 2,945 42,712 — (1)149,817 
Materials and supplies – at average cost 247,980 485,325 69,639 19,216 72,884 127,093 — 1,022,137 
Deferred nuclear refueling outage costs 65,318 39,582 — — — 10,123 1 115,024 
Prepayments and other14,863 44,187 6,394 5,428 17,515 1,870 72,302 162,559 
Total 824,484 1,310,014 446,325 242,434 393,396 354,267 (236,404)3,334,516 
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates — 1,390,587 — — 300 — 92,076 1,482,963 
Decommissioning trust funds 1,438,416 2,114,523 — — — 1,385,254 1 4,938,194 
Non-utility property – at cost (less accumulated depreciation)— 337,247 4,527 1,016 376 — 1,261 344,427 
Escrow accounts— — 48,886 — — — (48,886)— 
Other947 13,744 — — 18,128 — 49,299 82,118 
Total 1,439,363 3,856,101 53,413 1,016 18,804 1,385,254 93,751 6,847,702 
UTILITY PLANT
Electric 13,578,297 28,055,038 6,613,109 1,976,202 7,181,567 5,362,494 1,008,734 63,775,441 
Natural gas — 285,006 — 373,983 — — — 658,989 
Construction work in progress 241,127 847,924 95,452 22,199 183,965 97,968 22,205 1,510,840 
Nuclear fuel 182,055 209,418 — — — 171,438 (1)562,910 
Total utility plant14,001,479 29,397,386 6,708,561 2,372,384 7,365,532 5,631,900 1,030,938 66,508,180 
Less – accumulated depreciation and amortization5,472,296 9,860,252 2,127,590 774,309 2,049,750 3,396,136 666,150 24,346,483 
Utility plant – net 8,529,183 19,537,134 4,580,971 1,598,075 5,315,782 2,235,764 364,788 42,161,697 
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
Other regulatory assets (includes securitization property
   of $49,579 as of December 31, 2021)1,689,678 2,776,666 462,432 248,617 421,333 395,546 618,984 6,613,256 
Deferred fuel costs 68,751 168,122 — 4,080 — — — 240,953 
Goodwill — — — — — — 374,099 374,099 
Accumulated deferred income taxes — — — — — — 47,641 47,641 
Other13,660 27,801 14,248 56,101 112,096 1,793 (111,938)113,761 
Total 1,772,089 2,972,589 476,680 308,798 533,429 397,339 928,786 7,389,710 
TOTAL ASSETS $12,565,119 $27,675,838 $5,557,389 $2,150,323 $6,261,411 $4,372,624 $1,150,921 $59,733,625 
Totals may not foot due to rounding.
(a) Primarily reflects other Entergy subsidiaries, including Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc. and the elimination of intercompany transactions.


UTILITY FINANCIAL RESULTS
2021 UTILITY CONSOLIDATING BALANCE SHEET (unaudited)
 OTHER/
In thousands, as of December 31, 2021.   E-AR E-LA  E-MS E-NO E-TX   SERI ELIMINATIONS(a) UTILITY
LIABILITIES AND EQUITY       
CURRENT LIABILITIES:
Currently maturing long-term debt $— $200,000 $— $— $— $50,329 $— $250,329 
Payable due to associated companies— — — 1,326 — — (1,326)— 
Accounts payable:
Associated companies 217,310 183,172 42,929 45,057 142,929 23,682 (616,911)38,168 
Other 190,476 1,481,902 113,000 146,921 164,981 62,573 384,566 2,544,419 
Customer deposits 92,511 150,697 86,167 28,539 37,271 — (1)395,184 
Taxes accrued 89,590 64,248 106,273 4,385 49,018 32,918 71,517 417,949 
Interest accrued 17,108 93,052 17,283 7,991 19,002 11,714 (1)166,149 
Deferred fuel costs — — — 7,607 — — — 7,607 
Current portion of unprotected excess accumulated deferred income taxes— 24,291 — 1,906 27,188 — 2,143 55,528 
Pension and other postretirement liabilities — — — — — — 53,385 53,385 
Other38,901 68,995 36,731 6,204 16,120 4,101 19,421 190,473 
Total 645,896 2,266,357 402,383 249,936 456,509 185,317 (87,207)4,119,191 
NON-CURRENT LIABILITIES:                   
Accumulated deferred income taxes and taxes accrued 1,416,201 2,433,854 720,097 365,384 692,496 382,931 (273,867)5,737,096 
Accumulated deferred investment tax credits 29,299 102,588 10,913 16,306 9,325 43,003 541 211,975 
Regulatory liability for income taxes - net431,655 313,693 212,445 40,589 144,145 113,165 — 1,255,692 
Other regulatory liabilities 743,314 1,042,597 49,313 — 37,060 744,944 26,617 2,643,845 
Decommissioning and asset retirement cost liabilities 1,390,410 1,653,198 10,315 4,032 8,520 1,007,603 — 4,074,078 
Accumulated provisions 77,084 24,490 38,028 6,329 8,242 — 2,650 156,823 
Pension and other postretirement liabilities 185,789 528,213 59,065 — — 76,104 752,477 1,601,648 
Long-term debt (includes securitization bonds
of $83,640 as of December 31, 2021)3,958,862 10,714,346 2,179,989 777,254 2,354,148 690,967 1 20,675,567 
Long-term payable due to associated companies— — — 9,585 — — (9,585)— 
Other110,754 415,930 35,273 42,193 67,760 37,230 498,174 1,207,314 
Total 8,343,368 17,228,909 3,315,438 1,261,672 3,321,696 3,095,947 997,008 37,564,038 
Preferred stock without sinking fund— — — — — — 195,161 195,161 
EQUITY:
Common stock or member's equity 3,542,745 8,172,294 1,839,568 638,715 49,452 951,850 (12,870,876)2,323,748 
Paid-in capital— — — — 1,050,125 — 3,432,672 4,482,797 
Retained earnings — — — — 1,344,879 139,510 9,664,843 11,149,232 
Accumulated other comprehensive income (loss) — 8,278 — — — — (60,680)(52,402)
Noncontrolling interest33,110 — — — — — — — 
Less – treasury stock, at cost — — — — — — 120,000 120,000 
Total common shareholders' equity3,575,855 8,180,572 1,839,568 638,715 2,444,456 1,091,360 45,959 17,783,375 
Preferred stock without sinking fund — — — — 38,750 — — 71,860 
Total 3,575,855 8,180,572 1,839,568 638,715 2,483,206 1,091,360 45,959 17,855,235 
TOTAL LIABILITIES AND EQUITY$12,565,119 $27,675,838 $5,557,389 $2,150,323 $6,261,411 $4,372,624 $1,150,921 $59,733,625 
Totals may not foot due to rounding.
(a) Primarily reflects other Entergy subsidiaries, including Entergy Utility Holding Company, LLC, Entergy Services, LLC, Entergy Operations, Inc. and the elimination of intercompany transactions.


UTILITY FINANCIAL RESULTS
UTILITY SELECTED ANNUAL FINANCIAL METRICS
202120202019
ENTERGY ARKANSAS, LLC
As-Reported Earnings Applicable to Member's Equity ($ millions) 317 245 263 
Less Adjustments ($ millions) (3)6 — 
Adjusted Earnings ($ millions) 320 239 263 
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%)9.3 7.7 8.6 
Debt to Capital (%)52.6 54.8 53.0 
Total Debt ($ millions) 3,974 3,980 3,528 
Total Equity ($ millions) 3,543 3,276 3,126 
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%)9.4 7.5 8.6 
Total Debt, excluding securitization debt ($ millions) 3,974 3,980 3,522 
Debt to Capital, excluding securitization debt (%)52.6 54.8 53.0 
Net Debt to Net Capital, excluding securitization debt (%) 52.6 53.6 53.0 
Totals may not foot due to rounding.
ENTERGY LOUISIANA, LLC
As-Reported Net Income ($ millions) 654 1,082 692 
Less Adjustments ($ millions) 17 383 — 
Adjusted Net Income ($ millions) 637 699 692 
GAAP MEASURES
Return on Average Common Equity – As-Reported (%) 8.4 15.6 11.3 
Debt to Capital (%) 57.2 54.8 53.4 
Total Debt ($ millions) 10,933 9,044 7,321 
Total Equity ($ millions) 8,181 7,458 6,397 
NON-GAAP MEASURES
Return on Average Common Equity – Adjusted (%) 8.1 10.1 11.3 
Total Debt, excluding securitization debt ($ millions) 10,933 9,034 7,288 
Debt to Capital, excluding securitization debt (%)57.2 54.8 53.3 
Net Debt to Net Capital, excluding securitization debt (%) 57.2 52.7 53.2 
Totals may not foot due to rounding.


UTILITY FINANCIAL RESULTS
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
202120202019
ENTERGY MISSISSIPPI, LLC
As-Reported Net Income ($ millions) 167 141 120 
Less Adjustments ($ millions) — 4 — 
Adjusted Earnings ($ millions) 167 137 120 
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%)9.5 8.7 8.5 
Debt to Capital (%) 54.3 51.7 51.2 
Total Debt ($ millions) 2,189 1,788 1,621 
Total Equity ($ millions) 1,840 1,673 1,542 
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 9.5 8.5 8.5 
Net Debt to Net Capital (%) 53.8 51.7 50.4 
Totals may not foot due to rounding.
ENTERGY NEW ORLEANS, LLC
As-Reported Net Income ($ millions) 32 49 53 
Less Adjustments ($ millions) 2 (1)— 
Adjusted Earnings ($ millions) 30 50 53 
GAAP MEASURES
Return on Average Member's Equity – As-Reported (%) 5.1 8.9 11.3 
Debt to Capital (%) 55.4 51.5 53.1 
Total Debt ($ millions) 792 646 564 
Total Equity ($ millions) 639 607 498 
NON-GAAP MEASURES
Return on Average Member's Equity – Adjusted (%) 4.9 9.1 11.3 
Total Debt, excluding securitization debt ($ millions) 763 604 511 
Debt to Capital, excluding securitization debt (%)54.4 49.9 50.7 
Net Debt to Net Capital, excluding securitization debt (%)53.0 49.9 50.4 
Totals may not foot due to rounding.
ENTERGY TEXAS, INC.
As-Reported Earnings Applicable to Common Stock ($ millions) 227 213 159 
Less Adjustments ($ millions) — 2 — 
Adjusted Net Income ($ millions) 227 211 159 
GAAP MEASURES
ROE – As-Reported (%)9.9 11.0 10.0 
Debt to Capital (%) 48.7 53.7 51.7 
Total Debt ($ millions) 2,362 2,499 1,928 
Total Preferred ($ millions) 39 35 35 
Total Common Equity ($ millions) 2,444 2,123 1,764 
NON-GAAP MEASURES
ROE – Adjusted (%)9.9 10.9 10.0 
Total Debt, excluding securitization debt ($ millions) 2,308 2,376 1,723 
Debt to Capital, excluding securitization debt (%)48.2 52.4 48.9 
Net Debt to Net Capital, excluding securitization debt (%) 48.2 49.7 48.7 
Totals may not foot due to rounding.


UTILITY FINANCIAL RESULTS
UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)
202120202019
SYSTEM ENERGY RESOURCES, INC.
As-Reported Net Income ($ millions) 107 99 99 
Less Adjustments ($ millions) — (16)— 
Adjusted Earnings ($ millions) 107 115 99 
GAAP MEASURES
ROE – As-Reported (%) 9.8 11.1 13.7 
Debt to Capital (%) 40.4 42.7 43.5 
Total Debt ($ millions) 741 805 548 
Total Equity ($ millions) 1,091 1,081 712 
NON-GAAP MEASURES
ROE – Adjusted (%)9.8 12.8 13.7 
Net Debt to Net Capital (%) 37.4 34.2 40.2 
Totals may not foot due to rounding.


UTILITY SECURITIES DETAIL
UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY ARKANSAS, LLC
FIRSTCURRENT OR
BONDS:MATURITYCALLOR FIRSTAS OF DECEMBER 31,
CUSIPTYPE*RATEDATEDATECALL PRICE20212020
($ millions)
29364DAQ33.75% Series M3.75 %2/21Now MW (T + .20%)$— $350 
29364DAR13.05% SeriesM3.05 %6/23Now MW (T + .20%)250 250 
29364DAS93.7% SeriesM3.70 %6/24NowMW (T + .15%)375 375 
29364DAU43.5% SeriesM3.50 %4/26Now MW (T + .20%)600 600 
29364DAV24.00% SeriesM4.00 %6/28Now MW (T + .20%)350 350 
29364DAT74.95% SeriesM4.95 %12/44NowMW (T + .30%)250 250 
29366MAA64.20% SeriesM4.20 %4/49Now MW (T + .20%)350 350 
29364D100 4.875% SeriesM4.88 %9/66Now100 %410 410 
29366MAB4 2.65% SeriesM2.65 %6/51NowMW (T + .20%)675 675 
29366MAC2 3.35% SeriesM3.35 %6/52NowMW (T + .20%)400 — 
453424BT92.375% Series – Independence County G(a,d) 2.38 %1/21Non-Call Life— 45 
 Total bonds      3,660 3,655 
OTHER LONG-TERM DEBT:
76824*AV63.65% Series L – Variable Interest Entity Note Payable3.65 %7/21NowMW (T + .50%)— 90 
76824*AW43.17% Series M – Variable Interest Entity Note Payable3.17 %12/23NowMW (T + .50%)40 40 
76824*AX21.84% Series N – Variable Interest Entity Note Payable1.84 %7/26NowMW (T + .50%)90 — 
Credit Facility - Variable Interest Entity1.17 %6/245 12 
Long-Term United States Department of Energy Obligation(b) 192 192 
Unamortized Premium and Discount – Net 3 7 
Unamortized Debt Issuance Costs(33)(31)
Other2 2 
TOTAL LONG-TERM DEBT3,959 3,968 
Less Amount Due Within One Year — 485 
Long-Term Debt Excluding Amount Due Within One Year $3,959 $3,483 
Fair Value of Long-Term Debt(c) $3,984 $4,164 
 Weighted-average annualized coupon rate (e) 3.6 %3.7 %
 *M = Mortgage Bond; G = Governmental Bond
(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. The contracts include a one-time fee for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.
(c) The fair value excludes long-term DOE obligations at Entergy Arkansas and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(d) The bonds are secured by a series of collateral first mortgage bonds.
(e) Rate calculation only includes Bonds, VIE notes, and Securitization Bonds
Totals may not foot due to rounding.




ENTERGY UTILITY HOLDING COMPANY, LLC
 SHARES
 AUTHORIZED AND OUTSTANDING
PREFERRED STOCK: AS OF DECEMBER 31,AS OF DECEMBER 31,
CUSIP RATE 2021202020212020
($ millions)
 Without sinking fund:  
 Cumulative, $100 par value:  
7.5% Series(a) 7.50 %110,000 110,000 $107 $107 
6.25% Series(a)6.25 %15,000 15,000 14 14 
6.75% Series(a)6.75 %75,000 75,000 73 73 
  Total without sinking fund 200,000 200,000 $195 $195 
 (a) Dollar amount outstanding is net of preferred stock issuance costs.
Totals may not foot due to rounding.




UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY LOUISIANA, LLC
CURRENT
BONDS:    MATURITY  FIRST CALL  OR FIRST AS OF DECEMBER 31,
CUSIP  TYPE*  RATE  DATE  DATE CALL PRICE 20212020
($ millions)      
29364WAN84.8% SeriesM4.80 %05/21Now MW (T + .25%)— $200 
29364WAR93.30% SeriesM3.30 %12/22NowMW (T + .25%)200 200 
29364WAS74.05% Series M4.05 %09/23NowMW (T + .20%)325 325 
29365PAP75.59% SeriesM5.59 %10/24Now MW (T + .40%)300 300 
29364WAK45.40% Series M5.40 %11/24 Now MW (T + .35%)400 400 
29365PAR33.78% SeriesM3.78 %04/25Now MW (T + .20%)110 110 
29364WAU23.78% SeriesM3.78 %4/25Now MW (T + .20%)190 190 
29364WAM04.44% SeriesM4.44 %1/26Now MW (T + .30%)250 250 
29364WAY4 2.4% SeriesM2.40 %10/26Now MW (T + .15%)400 400 
29364WAZ13.12% SeriesM3.12 %09/27Now MW (T + .15%)450 450 
29364WAW8 3.25% SeriesM3.25 %4/28Now MW (T + .25%)425 425 
29364WAX6 3.05% SeriesM3.05 %6/31Now MW (T + .25%)325 325 
29364WBA54.0% SeriesM4.00 %3/33Now MW (T + .20%)750 750 
29364WAT55.0% SeriesM5.00 %7/44Now MW (T + .25%)170 170 
29364WAV04.95% SeriesM4.95 %1/45Now MW (T + .30%)450 450 
29364WBB34.2% SeriesM4.20 %9/48Now MW (T + .20%)900 900 
29364WBC14.2% SeriesM4.20 %4/50Now MW (T + .20%)525 525 
29364W108 4.875% SeriesM4.88 %9/66Now100%270 270 
29364WBD9 2.90% SeriesM2.90 %3/51NowMW (T+.20%)650 650 
29364WBF4 0.62% SeriesM0.62 %11/23Now100%1,100 1,100 
29364WBE7 1.60% SeriesM1.60 %12/30NowMW (T+.15%)300 300 
29364WBH0 2.35% SeriesM2.35 %6/32NowMW (T+.15%)500 — 
29364WBJ6 3.10% SeriesM3.10 %6/41NowMW (T+.15%)500 — 
29364WBK30.95% SeriesM0.95 %10/2410/1/22100%1,000 — 
5463984Y13.375% Series – Louisiana Public Facilities Authority G(a,c) 3.38 %09/28Now100%— 84 
5463984Z83.5% Series – Louisiana Public Facilities Authority G(a,c) 3.50 %06/30Now100%— 115 
54628CUG5 2.0% Series – Louisiana Local Government Environnmental G(a,c) 2.00 %6/304/1/26100%16 — 
54628CUH3 2.5% Series – Louisiana Local Government Environnmental G(a,c) 2.50 %4/364/1/26100%182 — 
 Total bonds      $10,689 $8,889 
OTHER LONG-TERM DEBT:
$350M Bank Credit Facility1.32 %6/26125 — 
76822*AM83.92% Series H – Variable Interest Entity Note Payable3.92 %2/21Now MW (T + .50%)— 40 
76822*AN63.22% Series I – Variable Interest Entity Note Payable3.22 %12/23Now MW (T + .50%)20 20 
76803@AU1 2.51% Series V - Variable Interest Entity Note Payable2.51 %6/27Now MW (T + .50%)70 70 
Credit Facility – Variable Interest Entity – River Bend1.15 %6/2443 19 
Credit Facility – Variable Interest Entity – Waterford1.16 %6/2440 39 
 29366AAA22.04% Series Senior Secured – Securitization Bond2.04 %6/21— 11 
(8)(3)
Unamortized Debt Issuance Costs(68)(61)
Other4 4 
TOTAL LONG-TERM DEBT10,914 9,027 
 Less Amount Due Within One Year 200 240 
 Long-Term Debt Excluding Amount Due Within One Year $10,714 $8,787 
 Fair Value of Long-Term Debt(b) $11,493 $10,258 
 Weighted-average annualized coupon rate (d) 3.1 %3.5 %
 *M = Mortgage Bond; G = Governmental Bond


(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(c) The bonds are secured by a series of collateral first mortgage bonds.
(d) Rate calculation only includes Bonds, VIE notes, and Securitization Bonds
Totals may not foot due to rounding.


UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY MISSISSIPPI, LLC
CURRENT
BONDS:    MATURITY  FIRST CALL  OR FIRST AS OF DECEMBER 31,
CUSIP  TYPE*  RATE  DATE  DATE CALL PRICE 20212020
($ millions)     
29364NAR93.1% SeriesM3.10 %7/23NowMW (T + .25%)$250 $250 
29364NAS73.75% SeriesM3.75 %7/24NowMW (T + .15%)100 100 
29364NAU23.25% SeriesM3.25 %12/27NowMW (T + .15%)150 150 
29364NAT5 2.85% SeriesM2.85 %6/28 Now MW (T + .20%)375 375 
29365*AA64.52% SeriesM4.52 %12/38 Now MW (T + .50%)55 55 
29366WAA43.85% Series M3.85 %6/49Now MW (T + .20%)435 435 
29364N108 4.90% Series M4.90 %10/6610/1/21100%260 260 
29366WAB2 3.50% SeriesM3.50 %6/51NowMW (T + .35%)370 170 
29366WAC02.55% SeriesM2.55 %12/33Now MW (T + .20%)200 — 
Total bonds 2,195 1,795 
OTHER LONG-TERM DEBT:
Unamortized Premium and Discount – Net 6 4 
Unamortized Debt Issuance Cost(21)(18)
TOTAL LONG-TERM DEBT2,180 1,781 
 Less Amount Due Within One Year — — 
 Long-Term Debt Excluding Amount Due Within One Year $2,180 $1,781 
 Fair Value of Long-Term Debt(a) $2,346 $2,021 
 Weighted-average annualized coupon rate (b) 3.5 %3.6 %
 *M = Mortgage Bond
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(b) Rate calculation only includes Bonds
Totals may not foot due to rounding.






UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY NEW ORLEANS, LLC
CURRENT
BONDS: MATURITY  FIRST CALL   OR FIRST  AS OF DECEMBER 31,
CUSIP  TYPE*  RATE  DATE  DATE CALL PRICE20212020
($ millions)     
29364PAN33.9% SeriesM3.90 %07/23NowMW (T + .30%)$100 $100 
29364PAP84.0% SeriesM4.00 %6/26NowMW (T + .35%)85 85 
29365@AA44.51% SeriesM4.51 %9/33Now MW (T + .50%)60 60 
29364P5095.0% SeriesM5.00 %12/52Now100 %30 30 
29364P103 5.5% SeriesM5.50 %4/66Now100 %110 110 
29365@AB2 3.0% SeriesM3.00 %3/25Now MW (T + .50%)78 78 
29365@AC0 3.75% SeriesM3.75 %3/40Now MW (T + .50%)62 62 
29365@AD84.19% SeriesM4.19 %11/31Now MW (T + .50%)90 — 
29365@AE64.51% SeriesM4.51 %11/36Now MW (T + .50%)70 — 
 Total bonds     685 525 
OTHER LONG-TERM DEBT:
29277VAA42.67% Series Senior Secured - Securitization Bond2.67 %6/2731 43 
Unsecured Term Loan3.00 %5/22— 70 
Unsecured Term Loan2.50 %5/2370 — 
Payable to Entergy Louisiana11/3511 13 
Unamortized Premium and Discount – Net — — 
Unamortized Debt Issuance Cost(9)(8)
TOTAL LONG-TERM DEBT788 642 
Less Amount Due Within One Year 1 2 
Long-Term Debt Excluding Amount Due Within One Year $787 $641 
Fair Value of Long-Term Debt(a) $766 $621 
 Weighted-average annualized coupon rate (b) 4.2 %4.1 %
*M = Mortgage
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(b) Rate calculation only includes Bonds and Securitization Bonds
Totals may not foot due to rounding.


UTILITY LONG-TERM DEBT AND PREFERRED STOCK
ENTERGY TEXAS, INC.
CURRENT
BONDS:  MATURITY  FIRST CALL   OR FIRST  AS OF DECEMBER 31,
CUSIP  TYPE*  RATE  DATE  DATE  CALL PRICE20212020
($ millions)     
29365TAE4 2.55% Series M2.55 %6/21Now MW (T + .20%)$— $125 
29365TAC84.1% Series M4.10 %9/21Now MW (T + .35%)— 75 
29365TAF13.45% Series M3.45 %12/27Now MW (T + .20%)150 150 
29365TAG94.0% SeriesM4.00 %3/29Now MW (T + .25%)300 300 
29365TAH74.5% SeriesM4.50 %3/39Now MW (T + .25%)400 400 
29365TAD65.15% SeriesM5.15 %6/45Now MW (T + .35%)250 250 
29365TAJ33.55% SeriesM3.55 %9/49Now MW (T + .20%)475 475 
29365TAK0 1.75% SeriesM1.75 %3/31Now MW (T + .20%)600 600 
29365TAL81.50% SeriesM1.50 %9/26Now MW (T + .15%)130 
Total bonds     2,305 2,375 
OTHER LONG-TERM DEBT:
 29365QAC45.93% Series Senior Secured, Series A - Securitization Bond0.0593%6/22— 17 
 29365KAC74.38% Series Senior Secured - Securitization Bond0.0438%11/2354 106 
Unamortized Premium and Discount – Net 14 14 
Unamortized Debt Issuance Costs(19)(19)
TOTAL LONG-TERM DEBT2,354 2,494 
 Less Amount Due Within One Year — 200 
 Long-Term Debt Excluding Amount Due Within One Year $2,354 $2,294 
 Fair Value of Long-Term Debt(a) $2,484 $2,765 
 Weighted-average annualized coupon rate (b) 3.4 %3.5 %
 *M = Mortgage Bond
(a) The fair value includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(b) Rate calculation only includes Bonds and Securitization Bonds
Totals may not foot due to rounding.



 SHARES
AUTHORIZED AND OUTSTANDING
PREFERRED STOCK: AS OF DECEMBER 31,AS OF DECEMBER 31,
CUSIP RATE 2021202020212020
($ millions)
 Without sinking fund:  
 Cumulative, $100 par value:  
29365T3025.375% Series (a)5.375 %1,400,000 1,400,000 $35 $35 
N/A5.100% Series (b)5.100 %150,000 — 4 — 
  Total without sinking fund 1,550,000 1,400,000 $39 $35 
Totals may not foot due to rounding.



SYSTEM ENERGY RESOURCES, INC.
CURRENT
BONDS:  MATURITY  FIRST CALL   OR FIRST AS OF DECEMBER 31,
CUSIP  TYPE*  RATE  DATE  DATE   CALL PRICE20212020
($ millions)     
605279MG0 2.5% Series – MBFC  G(a) 2.50 %4/22 Now100%$50 $134 
605279MK12.375% Series - MBFC G(a) 2.38 %6/446/26100%84 — 
871911AS24.10% SeriesM4.10 %4/23NowMW (T + 0.40%)250 250 
871911AT0 2.14% SeriesM2.14 %12/25NowMW (T + 0.30%)200 200 
Total bonds     584 584 
OTHER LONG-TERM DEBT:
76823#AT83.42% Series J – Variable Interest Entity Note Payable3.42 %4/21— 100 
76823#AU5 2.05% Series K – Variable Interest Entity Note Payable2.05 %90 90 
Credit Facility – Variable Interest Entity1.16 %6/2436 — 
 361561AA1Grand Gulf Lease Obligation 5.13% 5.13 %9/2734 34 
Unamortized Premium and Discount – Net — — 
Unamortized Debt Issuance Costs(3)(3)
 TOTAL LONG-TERM DEBT 741 805 
 Less Amount Due Within One Year 50 100 
 Long-Term Debt Excluding Amount Due Within One Year $691 $705 
 Fair Value of Long-Term Debt(b) $743 $841 
 Weighted-average annualized coupon rate (c) 2.9 %3.0 %
 *M = Mortgage Bond; G = Governmental Bond
(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) The fair value excludes lease obligations of $34 million at System Energy and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy (see pg 182 of 2021 10K) and are based on prices derived from inputs such as benchmark yields and reported trades.
(c) Rate calculation only includes Bonds and VIE notes
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
UTILITY TOTAL CAPABILITY
OWNED &
 OPERATED LEASEDOPERATED
As of December 31, 2021 PLANTS  UNITS (MW)(a)(MW)(b)
Plants that use fuel type:    
Gas/Oil 26 48 16,933 17,716 
Coal 3 5 2,097 4,051 
Petroleum Coke 1 2 — 190 
Total Fossil 30 55 19,030 21,957 
Hydro 3 7 72 146 
Nuclear 4 5 5,222 5,362 
Solar4 4 29 28 
Total Capability 41 71 24,353 27,493 
All plants that have units with multiple fuel types are in the Gas & Oil plant count.
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Certain Entergy subsidiaries jointly own electric generating facilities with affiliates or third parties, which Entergy operates for the participating parties.





UTILITY SELECTED OPERATING DATA
202120202019
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 61,828 60,734 52,672 
Coal 7,693 4,169 8,214 
Nuclear 41,352 37,807 37,484 
Hydro 177 209 224 
Solar 36 6 5 
Total Net Generation 111,086 102,925 98,600 
Purchased Power:
Affiliated Companies — — — 
Non-affiliated Companies 24,709 26,651 34,647 
Total Purchased Power 24,709 26,651 34,647 
Total Sources of Energy 135,795 129,576 133,246 
 USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 35,669 35,173 36,093 
Commercial 26,818 26,465 28,754 
Industrial 49,819 47,117 48,484 
Governmental 2,438 2,415 2,578 
Total Retail 114,744 111,170 115,909 
Sales for Resale 16,656 13,658 13,210 
Unbilled Energy (434)40 (83)
Total Electric Energy Sales 130,966 124,868 129,036 
Line Losses and Company Usage 4,828 4,709 4,210 
Total Uses of Energy 135,794 129,577 133,246 
Electric Energy Sales (Weather Adjusted)(GWh):
Residential 35,724 36,396 35,446 
Commercial 26,866 26,639 28,490 
Industrial 49,820 47,117 48,483 
Governmental 2,437 2,399 2,561 
Total Weather Adjusted Sales114,847 112,551 114,980 
Peak Demand (MW)22,051 21,340 21,598 
Operational Summer Capacity at Peak (MW) 26,827 25,665 23,887 
Annual System Load Factor (%) 62 62 64 
Retail Electric Sales Growth Rate (%)3.2 (4.1)(1.4)
Retail Electric Sales Weather-Adjusted Growth Rate (%)2.0 (2.1)(0.8)
Average Fuel Cost (cents/KWh)
Natural Gas 3.75 1.92 2.33 
Nuclear Fuel 0.56 0.57 0.73 
Coal 2.48 2.54 2.31 
Purchased Power 5.82 4.36 4.86 
MISO Purchases4.08 2.48 2.71 
Certain prior year data has been reclassified to conform with current year presentation.
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
2021 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION
 E-AR  E-LA  E-MS  E-NO  E-TX  SERI  ELIMINATIONS  UTILITY %
ELECTRIC OPERATING REVENUES ($ thousands)
Residential882,773 1,484,612 578,258 269,893 766,312 — — 3,981,848 37 %
Commercial 480,401 1,055,825 439,950 208,104 425,927 — — 2,610,207 26 %
Industrial496,661 1,771,311 150,698 30,751 492,949 — — 2,942,370 27 %
Governmental 19,112 82,503 46,248 71,584 26,238 — — 245,685 2 %
Total Retail 1,878,948 4,394,252 1,215,154 580,331 1,711,426 — — 9,780,111 93 %
Sales for Resale 311,791 391,424 124,632 88,349 145,719 545,561 (1,005,552)601,924 3 %
Other 147,852 208,784 66,560 3,553 45,366 25,287 (5,370)492,031 4 %
Total Electric Operating Revenues2,338,591 4,994,459 1,406,346 672,233 1,902,511 570,848 (1,010,922)10,874,066 100 %
SOURCES OF ENERGY (GWh)        
Net Generation:        
Gas & Oil 7,654 31,257 10,760 2,530 9,627 — — 61,828 40 %
Coal 4,795 1,081 1,021 — 796 — — 7,693 6 %
Nuclear 13,531 17,227 — — — 10,593 — 41,352 28 %
Hydro 177 — — — — — — 177 — %
Solar— — 1 35 — — — 36 — %
Total Net Generation 26,157 49,566 11,782 2,565 10,423 10,593 — 111,086 74 %
Purchased Power:
Affiliated Companies 3,814 3,605 4,232 4,564 2,945 — (19,160)— — 
Non-affiliated Companies 1,805 11,072 1,694 713 9,426 — — 24,710 26 %
Total Purchased Power 5,619 14,676 5,925 5,278 12,371 — (19,160)24,710 26 %
Total Sources of Energy 31,775 64,242 17,707 7,843 22,794 10,593 (19,160)135,795 100 %
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 8,054 13,588 5,568 2,258 6,201 — — 35,669 31 %
Commercial 5,492 10,385 4,469 1,978 4,494 — — 26,818 25 %
Industrial 8,508 29,869 2,298 415 8,729 — — 49,819 42 %
Governmental 225 792 409 757 256 — — 2,439 2 %
Total Retail 22,280 54,633 12,744 5,407 19,680 — — 114,744 100 %
Sales for Resale 8,404 7,714 4,364 2,369 2,372 10,593 (19,160)16,656 — 
Unbilled Energy (189)(38)(102)(61)(44)— — (434)— 
Total Electric Energy Sales 30,495 62,309 17,006 7,715 22,008 10,593 (19,160)130,966 — 
Line Losses and Company Usage 1,280 1,933 701 128 786 — — 4,828 — 
Total Uses of Energy 31,775 64,242 17,707 7,843 22,794 10,593 (19,160)135,794 — 
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential10.96 10.93 10.39 11.95 12.36 — — 11.16 — 
Commercial 8.75 10.17 9.84 10.52 9.48 — — 9.73 — 
Industrial 5.84 5.93 6.56 7.42 5.65 — — 5.91 — 
Governmental8.49 10.42 11.31 9.46 10.25 — — 10.07 —
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 601,511 946,961 382,550 188,222 424,701 — — 2,543,945 85 %
Commercial100,595 133,740 68,115 17,306 52,360 — — 372,116 12 %
Industrial 25,718 11,907 4,398 1,701 6,445 — — 50,169 2 %
Governmental 774 8,189 5,219 1,930 2,120 — — 18,232 1 %
Total Retail Customers 728,598 1,100,797 460,282 209,159 485,626 — — 2,984,462 100 %
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY ARKANSAS, LLC
202120202019
ELECTRIC OPERATING REVENUES ($ thousands)
Residential 882,773 841,162 795,269 
Commercial 480,401 466,273 538,850 
Industrial 496,661 461,907 520,958 
Governmental 19,112 18,011 20,795 
Total Retail 1,878,948 1,787,352 1,875,873 
Sales for Resale 311,791 173,115 257,864 
Other 147,852 124,026 125,858 
Total Electric Operating Revenues 2,338,591 2,084,494 2,259,594 
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 7,654 6,358 8,836 
Coal 4,795 2,719 4,882 
Nuclear 13,531 15,058 13,575 
Hydro 177 209 224 
Total Net Generation 26,157 24,344 27,517 
Purchased Power:
Affiliated Companies 3,814 2,105 3,578 
Non-affiliated Companies 1,805 1,533 1,122 
Total Purchased Power 5,619 3,638 4,700 
Total Sources of Energy 31,775 27,982 32,217 
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 8,054 7,584 7,996 
Commercial 5,492 5,356 5,822 
Industrial 8,508 7,586 7,759 
Governmental 225 223 241 
Total Retail 22,280 20,748 21,818 
Sales for Resale 8,404 5,856 9,385 
Unbilled Energy (189)— 24 
Total Electric Energy Sales 30,494 26,604 31,227 
Line Losses and Company Usage 1,280 1,378 990 
Total Uses of Energy 31,775 27,983 32,217 
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.96 11.09 9.95 
Commercial 8.75 8.71 9.26 
Industrial 5.84 6.09 6.71 
Governmental 8.49 8.08 8.63 
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 601,511 600,286 595,315 
Commercial 100,595 95,810 95,320 
Industrial 25,718 25,134 23,382 
Governmental 774 696 667 
Total Retail Customers 728,598 721,926 714,684 
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY ARKANSAS, LLC
GENERATION PORTFOLIO
PLANTTOTAL PLANT – 2021
OWNED &AVG BTU TOTAL
LEASEDPER KWHEmissions NETEXPENSESPRODUCTION
COMMERCIAL CAPABILITYFUELNETSO2NOxCO2HgGENERATIONPER NETEXPENSE
PLANTUNIT OWNERSHIP OPERATION(MW)(a)TYPE PURPOSEGENERATION(d)(tons)(tons)(tons)(lbs)TECHNOLOGY(b) (MWH) MWH($ thousands)
Lake Catherine4 100 %1970522 Gas/OilPeaking11,869 1 262 130,551 189,085 408.6 77,264 
Ouachita1 100 %2002236 GasIntermediate7,229 2 43 327,266 Dry LNB, SCR1,625,692 32.5 52,816 
2 100 %2002239 GasIntermediate2 55 404,029 Dry LNB, SCR
Hot Spring1 100 %2002594 GasIntermediate7,178 6 91 1,104,697 Dry LNB, SCR2,534,292 44.5 112,698 
Independence 1 31.5 %1983259 CoalBase10,139 2,092 661 943,573 5 LNB w/Sep OFA, ESP, ACI789,942 33.6 26,517 
White Bluff 1 57 %1980466 CoalBase10,448 4,839 1,560 2,106,130 14 LNB w/Sep OFA, ESP, ACI1,741,035 29.8 119,436 
 2 57 %1981468 CoalBase5,720 1,839 2,504,858 15 LNB w/Sep OFA, ESP, ACI2,263,867 
Carpenter 1 100 %193231 HydroPeaking137,743 13.0 1,787 
 2 100 %193230 HydroPeaking
Remmel 1 100 %19254 HydroPeaking38,839 37.9 1,471 
 2 100 %19254 HydroPeaking
 3 100 %19254 HydroPeaking
Union Power Station2 100 %2003501 GasIntermediate7,287 7 140 1,427,918 Dry LNB, SCR3,304,772 30.5 100,924 
Arkansas 1100 %1974832 Nuclear PWR(c)Base10,352 6,560,105 22.8 308,612 
Nuclear One 2 100 %1980987 Nuclear PWR(c)Base6,971,344 
Total 5,175 12,668 4,650 8,949,022 35 26,156,716 30.6 801,525 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Installed NOx and particulate matter and mercury emission control devices as stated in the EPA Monitoring Plans and operational: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP), Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA), Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection and Activated Carbon Injection (ACI). Currently have no SO2 or CO2 control equipment operating on any unit.
(c) PWR = Pressurized Water Reactor.
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Total may not foot due to rounding.




UTILITY STATISTICAL INFORMATION
ENTERGY LOUISIANA, LLC
202120202019
ELECTRIC OPERATING REVENUES ($ thousands)
Residential 1,484,612 1,270,187 1,270,478 
Commercial 1,055,825 886,548 947,412 
Industrial 1,771,311 1,314,234 1,450,966 
Governmental 82,503 68,901 71,046 
Total Retail 4,394,252 3,539,870 3,739,902 
Sales for Resale 391,424 333,594 333,394 
Other 208,784 145,599 149,731 
Total Electric Operating Revenues 4,994,459 4,019,063 4,223,027 
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 31,257 31,528 27,773 
Coal 1,081 416 1,100 
Nuclear 17,227 16,929 13,981 
Hydro — — — 
Total Net Generation 49,566 48,873 42,854 
Purchased Power:
Affiliated Companies 3,605 2,648 3,608 
Non-affiliated Companies 11,072 11,821 17,959 
Total Purchased Power 14,676 14,469 21,567 
Total Sources of Energy 64,242 63,342 64,421 
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 13,588 13,771 14,046 
Commercial 10,385 10,465 11,353 
Industrial 29,869 28,881 29,801 
Governmental 792 779 827 
Total Retail 54,633 53,896 56,027 
Sales for Resale 7,714 7,950 6,738 
Unbilled Energy (38)(103)(16)
Total Electric Energy Sales 62,309 61,743 62,749 
Line Losses and Company Usage 1,933 1,599 1,672 
Total Uses of Energy 64,242 63,342 64,421 
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.93 9.22 9.05 
Commercial 10.17 8.47 8.34 
Industrial 5.93 4.55 4.87 
Governmental 10.42 8.84 8.59 
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 946,961 944,762 940,071 
Commercial 133,740 132,352 132,364 
Industrial 11,907 10,956 10,654 
Governmental 8,189 7,996 8,003 
Total Retail Customers 1,100,797 1,096,066 1,091,092 
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY LOUISIANA, LLC
GENERATION PORTFOLIO
PLANTTOTAL PLANT – 2021
OWNED &AVG BTU TOTAL
LEASEDPER KWHEmissions NET EXPENSES PRODUCTION
COMMERCIALCAPABILITYNETSO2NOxCO2HgGENERATIONPER NETEXPENSE
PLANT UNITOWNERSHIP OPERATION(MW)(a) FUEL TYPE PURPOSEGENERATION(d)(tons)(tons)(tons)(lbs)TECHNOLOGY(b) (MWH) MWH($ thousands)
Acadia2 100 %2002523 GasIntermediate7,494 5 82 1,008,033 SCR2,324,685 37.0 86,127 
Little Gypsy 2 100 %1966415 Gas/OilIntermediate12,4841 188 186,030 BOOS/Combus Mod/Fuel Reburn583,291 86.4 50,402 
 3 100 %1969412 Gas/OilIntermediate1 598 258,476 BOOS/IFGR
Ninemile Point 4 100 %1971709 Gas/OilIntermediate10,1927 2,782 1,424,844  BOOS/IFGR 4,473,724 51.1 228,667 
5 100 %1973742 Gas/OilIntermediate7 2,900 1,284,917  BOOS/IFGR
6 100 %2014555 Gas/OilIntermediate7,041 8 179 1,614,696  SCR, O2 Catalyst, Water/Steam Injection 3,907,686 32.8 128,363 
Perryville 1 100 %2002522 GasIntermediate7,147 5 114 921,016 Dry LNB, SCR2,240,515 41.0 93,559 
 2 100 %2001150 GasPeaking— 9 34,381 None43,357 
J. Wayne Leonard1 100 %2019907 GasIntermediate6,825111222,107,636Dry LNB, SCR, O2 Catalyst4,997,93739.4197,132
Lake Charles1 100 %2020922 GasIntermediate6,778 11 126 2,227,965 DLNB/SCR, O2 Catalyst5,529,778 42.9 237,013 
Sterlington 7 100 %197445 Gas/OilPeaking13,543 — 23 5,979 5,704 7,601 
Waterford 1 100 %1975— Gas/OilReserve11,865 — 12 8,459  LNCB 230,311 92.4 21,291 
 2 100 %1975405 Gas/OilIntermediate1 192 156,335  LNCB
4 100 %200931 OilPeaking1 4 4,611 Water/Steam Injection
LA Station 2 10 100 %1950— GasReserve470 
11 100 %1950— GasReserve
 12 100 %1953— GasReserve
Roy S. Nelson 4 100 %1970— Gas/OilReserveCombus Mod/Fuel Reburn812 
Calcasieu1 100 %2000142 GasPeaking8,069 — 27 29,600 Dry LNB45,039 134.6 9,949 
2 100 %2001158 GasPeaking— 14 20,345 Dry LNB28,895 
Ouachita3 100 %2002242 GasIntermediate7,515 3 63 503,696 Dry LNB, SCR1,114,222 34.5 38,465 
Roy S. Nelson 6 40 %1982210 CoalBase11,509 1,946 572 759,801 4 LNB w/ Sep OFA, ESP, ACI601,435 44.9 26,987 
Big Cajun 2 3 24 %1983130 CoalBase11,372 1,628 334 572,684 4 LNB w/ OFA, ESP, ACI479,498 41.8 20,049 
River Bend 1 100 %1986967 Nuclear BWR(c)Base10,905 7,428,599 28.7 213,273 
Washington Parish1 100 %2020183 GasPeaking— 12 53,481 LNB 178,005 17,254 
2 100 %2020184 GasPeaking— 10 48,013 LNB
Waterford 3 100 %19851,173 Nuclear PWR(c)Base10,790 9,798,865 23.2 227,149 
Union Power Station3 100 %2003506 GasIntermediate7,172 6 131 1,227,263 Dry LNB, SCR2,862,345 32.9 182,567 
4 100 %2003508 GasIntermediate6 117 1,153,666 Dry LNB, SCR2,691,619 
Total 10,741 3,647 8,609 15,611,927 8 49,565,510 36.1 1,787,130 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP), Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA), Low NOx Cell Burner (LNCB), Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Water/Steam Injection, Flue Gas Recirculation (FGR), Induced Flue Gas Recirculation (IFGR), Burners-out-of-service (BOOS) and Activated Carbon Injection (ACI). Currently have no SO2 or CO2 control equipment operating on any unit.
(c) BWR = Boiling Water Reactor; PWR = Pressurized Water Reactor.
(d) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY MISSISSIPPI, LLC
202120202019
ELECTRIC OPERATING REVENUES ($ thousands)
Residential 578,258 523,379 562,219 
Commercial 439,950 395,875 444,173 
Industrial 150,698 145,100 164,491 
Governmental 46,248 41,955 44,300 
Total Retail 1,215,154 1,106,309 1,215,183 
Sales for Resale 124,632 77,530 39,295 
Other 66,560 64,015 68,566 
Total Electric Operating Revenues 1,406,346 1,247,854 1,323,044 
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 10,760 12,761 7,647 
Coal 1,021 723 1,411 
Nuclear — — — 
Hydro — — — 
Solar1 2 2 
Total Net Generation 11,782 13,486 9,060 
Purchased Power:
Affiliated Companies 4,232 2,336 3,971 
Non-affiliated Companies 1,694 1,650 2,752 
Total Purchased Power 5,925 3,987 6,723 
Total Sources of Energy 17,707 17,473 15,783 
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 5,568 5,378 5,659 
Commercial 4,469 4,283 4,698 
Industrial 2,298 2,343 2,443 
Governmental 409 398 436 
Total Retail 12,744 12,402 13,236 
Sales for Resale 4,364 4,316 1,776 
Unbilled Energy (102)58 (78)
Total Electric Energy Sales 17,006 16,776 14,934 
Line Losses and Company Usage 701 696 849 
Total Uses of Energy 17,707 17,472 15,783 
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 10.39 9.73 9.93 
Commercial 9.84 9.24 9.45 
Industrial 6.56 6.19 6.73 
Governmental 11.31 10.54 10.16 
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 382,550 381,617 377,158 
Commercial 68,115 65,131 64,488 
Industrial 4,398 3,827 3,971 
Governmental 5,219 5,146 5,130 
Total Retail Customers 460,282 455,721 450,747 
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY MISSISSIPPI, LLC
GENERATION PORTFOLIO
PLANTTOTAL PLANT – 2021
 OWNED &AVG BTU TOTAL
 LEASEDPER KWHEmissions NET EXPENSES PRODUCTION
COMMERCIALCAPABILITYNETSO2NOxCO2HgGENERATIONPER NETEXPENSE
PLANTUNITOWNERSHIPOPERATION (MW)(a) FUEL TYPE PURPOSEGENERATION(tons)(tons)(tons)(lbs)TECHNOLOGY(b) (MWH) MWH($ thousands)
Attala 1 100 %2001458 GasIntermediate7,046 5 101 1,052,615 Dry LNB, SCR2,487,341 30.7 76,268 
Hinds1 100 %2001454 GasIntermediate7,080 7 123 1,434,131 Dry LNB, SCR3,479,355 30 104,518 
2 100 %201927 GasPeaking3 5,285 7,675 
Baxter Wilson 1 100 %1967494 Gas/OilIntermediate10,718 2 900 462,654 740,373 51.8 38,317 
Choctaw1 100 %2003797 GasIntermediate6,969 8 125 1,659,898 Dry LNB, SCR3,884,090 32.6 126,551 
Gerald Andrus 1 100 %1975707 Gas/OilIntermediate12,578 1 263 123,711 OFA160,333 146.4 23,478 
Independence 1 25 %1983205  Coal Base10,514 1,660 524 748,868 4 LNB w/Sep OFA,
ESP, ACI		626,880 34.7 35,453 
2 25 %1984106 CoalBase1,100 359 482,858 3 LNB w/Sep OFA,
ESP, ACI		394,454 
DeSoto Solar1 100 %20150.5 SolarN/A512 29.9 15 
Brookhaven Solar1100 %20150.5SolarN/A 514  9.0 5 
Hinds Solar1100 %20150.5SolarN/A 380  80.1 30 
Total 3,251 2,784 2,398 5,970,020 711,781,906  34.3 404,635 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plan and operational: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP), Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA), Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection and Activated Carbon Injection (ACI). Currently have no SO2, or CO2 control equipment operating on any unit.
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY NEW ORLEANS, LLC
202120202019
ELECTRIC OPERATING REVENUES ($ thousands)
Residential 269,893 243,502 245,081 
Commercial 208,104 179,406 202,138 
Industrial 30,751 24,248 31,824 
Governmental 71,584 59,819 70,865 
Total Retail 580,331 506,975 549,908 
Sales for Resale 88,349 33,213 38,626 
Other 3,553 20,444 5,883 
Total Electric Operating Revenues 672,233 560,632 594,417 
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 2,530 3,060 2,975 
Coal — — — 
Nuclear — — — 
Hydro — — — 
Solar35 4 3 
Total Net Generation 2,565 3,064 2,978 
Purchased Power:
Affiliated Companies 4,565 3,801 4,401 
Non-affiliated Companies 713 671 572 
Total Purchased Power 5,278 4,471 4,973 
Total Sources of Energy 7,843 7,535 7,951 
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential 2,258 2,294 2,353 
Commercial 1,978 1,975 2,215 
Industrial 415 423 438 
Governmental 757 755 815 
Total Retail 5,407 5,447 5,821 
Sales for Resale 2,369 1,969 1,961 
Unbilled Energy (61)(9)18 
Total Electric Energy Sales 7,715 7,407 7,800 
Line Losses and Company Usage 128 127 151 
Total Uses of Energy 7,843 7,535 7,951 
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 11.95 10.61 10.42 
Commercial 10.52 9.08 9.13 
Industrial 7.42 5.74 7.27 
Governmental 9.46 7.93 8.70 
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 188,222 186,299 184,399 
Commercial 17,306 17,179 17,198 
Industrial 1,701 1,707 1,832 
Governmental 1,930 1,940 1,915 
Total Retail Customers 209,159 207,125 205,344 
Totals may not foot due to rounding.
On Sept. 1, 2015, E-LA transferred its Algiers assets to E-NO. The effect of the Algiers transfer has been retrospectively applied to E-NO's data presented above.


UTILITY STATISTICAL INFORMATION
ENTERGY NEW ORLEANS, LLC
GENERATION PORTFOLIO
PLANTTOTAL PLANT – 2021
 OWNED & AVG BTU TOTAL
 LEASED PER KWHEmissions NET  EXPENSES  PRODUCTION
COMMERCIALCAPABILITYNETSO2NOxCO2Hg GENERATION  PER NET  EXPENSE
PLANT UNIT OWNERSHIP  OPERATION  (MW)(a)  FUEL TYPE  PURPOSE GENERATION(tons)(tons)(tons)(lbs)TECHNOLOGY(b) (MWH)  MWH ($ thousands)
Union Power Station1 100 %2003509 GasIntermediate7,333 5 107 1,019,762 Dry LNB, SCR2,365,824 38.7 91,674 
New Orleans Solar Power Plant (+Battery)1 100 %20161 (0.5(c))SolarN/A223 174.1 39 
New Orleans Power Station1 100 %2020130 GasIntermediate6,678 — 15 101,942 163,725 71.1 11,635 
New Orleans Solar Station1 100 %202020 SolarN/A32,716 
New Orleans Residential Rooftop Solar1 100 %20200.5 SolarN/A
New Orleans Commercial Rooftop Solar1 100 %20205 SolarN/A2,527 
Total 666 6 123 1,121,704 2,565,014 40.3 103,348 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP), Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA), Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection and Activated Carbon Injection (ACI). Currently have no SO2or CO2 control equipment operating on any unit.
(c) MW amount equals the capacity rating of the battery.
Totals may not foot due to rounding.

SYSTEM ENERGY RESOURCES, INC.
202120202019
ELECTRIC OPERATING REVENUES ($ thousands) 570,848 495,458 573,410 
SOURCES OF ENERGY (GWh)   
Net Generation:
Gas & Oil
Coal
Nuclear 10,593 5,820 9,928 
Hydro
Total Net Generation 10,593 5,820 9,928 
Purchased Power
Total Sources of Energy 10,593 5,820 9,928 
USES OF ENERGY (GWh)
Electric Energy Sales 10,593 5,849 9,940 
Unbilled Energy
Line Losses and Company Usage (29)(12)
Total Uses of Energy 10,593 5,820 9,928 
Totals may not foot due to rounding.



SYSTEM ENERGY RESOURCES, INC.
  
GENERATION PORTFOLIO
PLANTTOTAL PLANT – 2021
 OWNED & AVG BTU TOTAL
 LEASED PER KWHEmissions NET  EXPENSES  PRODUCTION
COMMERCIAL CAPABILITY NETSO2NOxCO2Hg GENERATION  PER NET  EXPENSE
PLANT  UNIT  OWNERSHIP  OPERATION  (MW)(a)  FUEL TYPE  PURPOSE GENERATION(c)(tons)(tons)(tons)(lbs)TECHNOLOGY (MWH)  MWH ($ thousands)
Grand Gulf 190%19851,263 Nuclear BWR(b) Base10,618————10,593,431 23.2 245,290 
Total 1,26310,593,431 23.2 245,290 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) BWR = Boiling Water Reactor.
(c) The nuclear heat rate as reflected in the FERC Form 1 is calculated by obtaining the thermal generation in MWhs from the plant multiplied by the industry standard of 3.4126 to obtain the MMBtu equivalency
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY TEXAS, INC.
202120202019
ELECTRIC OPERATING REVENUES ($ thousands)
Residential 766,312 672,087 658,453 
Commercial 425,927 364,638 343,013 
Industrial 492,949 385,681 373,048 
Governmental 26,238 23,445 21,464 
Total Retail 1,711,426 1,445,851 1,395,978 
Sales for Resale 145,719 100,273 59,074 
Other 45,366 41,121 33,902 
Total Electric Operating Revenues 1,902,511 1,587,245 1,488,954 
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil 9,627 7,027 5,441 
Coal 796 311 821 
Nuclear — — — 
Hydro — — — 
Total Net Generation 10,423 7,338 6,262 
Purchased Power:
Affiliated Companies 2,945 3,404 2,847 
Non-affiliated Companies 9,426 10,977 12,242 
Total Purchased Power 12,371 14,381 15,089 
Total Sources of Energy 22,794 21,719 21,351 
USES OF ENERGY (GWh)
Electric Energy Sales:
  Residential 6,201 6,146 6,039 
  Commercial 4,494 4,386 4,667 
  Industrial 8,729 7,885 8,043 
  Governmental 256 260 259 
Total Retail 19,680 18,677 19,008 
Sales for Resale 2,372 2,013 1,815 
Unbilled Energy (44)93 (31)
Total Electric Energy Sales 22,008 20,783 20,792 
Line Losses and Company Usage 786 937 559 
Total Uses of Energy 22,794 21,720 21,351 
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential 12.36 10.94 10.90 
Commercial 9.48 8.31 7.35 
Industrial 5.65 4.89 4.64 
Governmental 10.25 9.02 8.29 
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31, 2021)
Residential 424,701 414,438 403,793 
Commercial 52,360 50,582 50,025 
Industrial 6,445 5,681 5,481 
Governmental 2,120 2,025 2,053 
Total Retail Customers 485,626 472,726 461,352 
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
ENTERGY TEXAS, INC.
GENERATION PORTFOLIO
PLANTTOTAL PLANT – 2021
 OWNED & AVG BTU TOTAL
LEASEDPER KWHEmissions NET  EXPENSES  PRODUCTION
COMMERCIAL CAPABILITYNETSO2NOxCO2Hg GENERATION  PER NET  EXPENSE
PLANT UNIT  OWNERSHIP  OPERATION  (MW)(a)  FUEL TYPE  PURPOSE
GENERATION
(tons)(tons)(tons)(lbs)TECHNOLOGY(b) (MWH)  MWH ($ thousands)
 Roy S. Nelson 630%1982155CoalBase11,5091,438423561,592 3 LNB w/ Sep OFA, ESP, ACI444,536 45.3 20,158 
 Big Cajun 2 318%198396CoalBase11,4551,204247423,288 3 LNB w/ OFA, ESP, ACI351,849 42.1 14,818 
 Lewis Creek 1100%1970250Gas/OilIntermediate11,350398503,140 SCR1,296,597 104.3 135,285 
 2100%1971250Gas/OilIntermediate265341,507 SCR
 Sabine 1100%1962202Gas/OilIntermediate11,0291197157,780 3,249,333 53.7 174,526 
 3100%1966380Gas/OilIntermediate2313429,833 LNB w/ Sep OFA
 4100%1974500GasIntermediate51,109908,197 IFGR
 5100%1979437Gas/OilIntermediate3424606,335 LNB w/ Closed-coupled OFA
Hardin County1100%201073GasPeaking26,555 Dry LNB8,605 254.8 2,192 
2100%201072GasPeaking2.26,167 Dry LNB8,265 — 
Montgomery County92%2021840GasIntermediate6,802 111162,080,686 Dry LNB, SCR, O2 Catalyst5,080,621 35.7 181,307 
Total 3,2562,667 2,995 6,025,080 6 10,439,807 50.6 528,286 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: Combustion Modification/ Fuel Reburning (Combus Mod / Fuel Reburn), Dry Low NOx Burners (Dry LNB), Electrostatic Precipitator (ESP), Low NOx Burners with Closed-coupled Overfire Air (LNB w/ Closed-coupled OFA), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Low NOx Burner with Overfire Air (LNB w/ OFA), Overfire Air (OFA), Selective Catalytic Reduction (SCR) or Steam Injection and Activated Carbon Injection (ACI). Currently have no SO2or CO2 control equipment operating on any unit.
Totals may not foot due to rounding.


UTILITY STATISTICAL INFORMATION
UTILITY NUCLEAR PLANT STATISTICS
The following table shows plant performance for 2019 – 2021 based on 18/24 month operating cycle.
CAPABILITY FACTOR (%) 202120202019
ANO 85.5 88.7 82.9 
Grand Gulf 95.0 71.9 76.4 
River Bend 89.1 84.7 79.8 
Waterford 3 98.7 90.2 82.4 
Entergy Southeast Average 90.7 84.8 80.9 
Industry Average 92.0 93.5 93.4 

The following table shows plant performance for 2021 and average for one three-year period.
PRODUCTION COST ($/MWh) (a) 2021 2018-2020
ANO 22.8 26.6 
Grand Gulf 23.2 32.2 
River Bend 28.7 31.4 
Waterford 3 23.2 25.1 
Entergy Southeast Average 24.0 28.4 
(a) Fuel and other operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh; excludes special items.

INDIVIDUAL PLANT INFORMATION
       ANOGRAND GULFRIVER BENDWATERFORD 3
 UNIT 1 UNIT 2
Owner Entergy ArkansasEntergy ArkansasSystem Energy - 90%
Cooperative Energy - 10%		Entergy LouisianaEntergy Louisiana
Commercial Operation Date  December 74  March 80  July 85  June 86  September 85
License Expiration Date 5/20/20347/17/203811/1/20448/29/204512/18/2044
Architect/Engineer Bechtel PowerBechtel PowerBechtel Power Stone & Webster Ebasco
Reactor Manufacturer Babcox &
Wilcox		Combustion
Engineering		General ElectricGeneral ElectricCombustion
Engineering
Reactor Type PWRPWRBWRBWRPWR
Turbine Generator Manufacturer WestinghouseGeneral ElectricKraftwerk UnionGeneral ElectricWestinghouse
Owned and Leased Capability (MW)(a) 833 985 1,272 967 1,165 
Refueling Data:      
Last Date 4/10/21 –9/25/21 –2/26/22 –2/21/21 –9/25/20 –
 5/9/202111/29/20214/29/20223/20/202111/1/2020
Number of Days 29 65 62 28 37 
Next Scheduled Refueling Fall 22 Spring 23 Spring 22Spring 23Spring 22
2021 Capability Factor (%) 89.5 81.4 95 89.1 98.7 
($ in millions as of December 31, 2021)     
Net Book Value 1,954(b)1,994 1,592(c)2,457 
Decommissioning Trust Fair Values1,438(b)1,385 1,317(c)798 
Decommissioning Liability 1,370(b)1,008 734(c)888 
(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
(b) ANO Units 1 and 2 are reported together.
(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities, and is included in non-utility property on the balance sheet. The decommissioning trust fund balance and decommissioning liability include amounts for the 30% not subject to rate regulation.


UTILITY REGULATORY INFORMATION
STATE REGULATORY COMMISSIONS
  ARKANSAS LOUISIANA MISSISSIPPI  NEW ORLEANS  TEXAS
Commission Arkansas PublicLouisianaMississippiNew OrleansPublic Utility
 ServicePublic ServicePublic ServiceCity CouncilCommission
 CommissionCommissionCommission of Texas
Number of Commissioners 35373
Method of Selection Appointed byElectedElectedElectedAppointed by
Governor   Governor
Term of Office 6 years –6 years –4 years –4 years –6 years –
staggeredstaggeredconcurrentconcurrentstaggered
    (2 term limit) 
Chair/President Appointed bySelected byRotates everyRotates annuallyAppointed by
 Governorpeers – 1 year1 - 2 years, asfrom theGovernor
  termdetermined by membersat-large positions 


 COMMISSION/COUNCIL MEMBERS
   CURRENT
 PARTY SERVICE BEGAN  TERM ENDS
ARKANSAS    
Ted J. Thomas – Chairperson Republican4457644588
Kimberly A. O'Guinn Republican4457844584
Justin TateRepublican4458044586
LOUISIANA    
Lambert C. Boissiere, III - Chairperson Democrat 1/0512/22
Mike Francis - Vice-Chairperson Republican 11/1612/22
Eric Skrmetta  Republican 1/0912/26
Craig Greene  Republican 06/1712/24
Foster L. Campbell, Jr. Democrat 1/0312/26
MISSISSIPPI    
Dane Maxwell – Chairperson Republican 1/2012/23
Brent Bailey  Republican 1/2012/23
Brandon Presley Democrat 1/0812/23
NEW ORLEANS   
Helena Moreno Democrat 5/181/26
Jean Paul "JP" Morrell - Chairperson of Utility Committee Democrat 1/221/26
Lesli Harris Democrat 1/221/26
Joseph Giarrusso Democrat 5/181/26
Freddie King III Democrat 1/221/26
Eugene J. Green Democrat 1/221/26
Oliver Thomas Democrat 1/221/26
TEXAS    
Peter Lake - ChairpersonRepublican4/219/23
Will McAdamsRepublican4/219/25
Lori CobosRepublican6/219/25
Jimmy GlotfeltyRepublican8/219/25
As of May 2022



ENTERGY WHOLESALE COMMODITIES
EWC QUARTERLY FINANCIAL METRICS
 20212020 FY
($ millions) 1Q  2Q  3Q  4Q  FY  1Q  2Q  3Q  4Q  FY  CHANGE
GAAP MEASURES  
As-Reported Earnings38 (275)26 90 (121)(110)85 31 (68)(63)(58)
NON-GAAP MEASURES
Adjusted EBITDA76 (338)57 118 (87)122 (15)24 5 137 (224)


EWC ANNUAL FINANCIAL METRICS
($ millions)202120202019
GAAP MEASURES  
As-Reported Earnings(121)(63)149 
NON-GAAP MEASURES
Adjusted EBITDA(87)137 (13)


EWC QUARTERLY OPERATIONAL METRICS
 20212020 FY
 1Q  2Q  3Q  4Q  FY  1Q  2Q  3Q  4Q  FY  % CHANGE
Owned Capacity (MW) (a)2,246 1,205 1,205 1,205 1,205 3,274 2,246 2,246 2,246 2,246 (46)%
GWh billed4,413 2,687 2,166 2,065 11,328 6,757 4,958 4,332 4,442 20,489 (45)%
EWC Nuclear
Capacity Factor 99 %94 %97 %100 %97 %99 %96 %83 %89 %93 %4 %
GWh billed3,988 2,356 1,702 1,790 9,836 6,259 4,580 3,943 4,081 18,863 (48)%
 Production cost per MWh (b)$18.46 $27.51 $28.91 $28.76 $24.31 $15.42 $19.45 $21.85 $19.87 $18.58 31 %
(a) Pilgrim (688 MW) was shutdown May 31, 2019 and sold on August 26, 2019; Indian Point 2 (1,028 MW) was shutdown April 30, 2020; Indian Point 3 (1,041 MW) was shutdown April 30, 2021.
(b) Fuel and other O&M expenses according to accounting standards that directly relate to the production of electricity per MWh (based on net generation), excluding special items.
Totals may not foot due to rounding.


EWC ANNUAL OPERATIONAL METRICS
202120202019
Owned Capacity (MW) (a)1,205 2,246 3,274 
GWh billed11,328 20,489 28,088 
EWC Nuclear
Capacity Factor97 %93 %93 %
GWh billed9,836 18,863 25,929 
 Production cost per MWh (b)$24.31 $18.58 $18.29 
Totals may not foot due to rounding.
(a) James A. FitzPatrick Nuclear Station (838 MW) was sold in March 2017; Pilgrim (688 MW) was shutdown May 31, 2019 and sold on August 26, 2019; Indian Point 2 (1,028 MW) was shutdown April 30, 2020; Indian Point 3 (1,041 MW) was shutdown April 30, 2021.
(b) Fuel and other O&M expenses according to accounting standards that directly relate to the production of electricity per MWh (based on net generation), excluding special items.



EWC TOTAL CAPACITY
  OPERATED (a)OWNED CAPACITY
As of December 31, 2021 PLANTS  UNITS  MW  MW  %
Gas/Oil 1 1 425 213 18 
Coal— — — 181 15 
Total Fossil 1 1 425 394 33 
Nuclear3 3 1,611 811 67 
Total Capacity 4 4 2,036 1,205 100 
Totals may not foot due to rounding.
(a) Operated capacity includes management services contracts and excludes units operated by Entergy’s utility companies.


ENTERGY WHOLESALE COMMODITIES
EWC NUCLEAR PLANT STATISTICS
INDIAN POINTPALISADES
ENERGY CENTERNUCLEAR
UNIT 3PLANT
Entergy Purchase Date3685139183
Commercial Operation Date August 76  December 71
License Expiration Date4/30/2547931
Architect/EngineerUnited Engineers & ConstructorsCombustion Engineering
Reactor ManufacturerWestinghouseCombustion Engineering
Reactor TypePWRPWR
Turbine Generator ManufacturerWestinghouseWestinghouse
Net MWs in Operation (MW)1,041 811 
Refueling Data:  
Last Date3/11/19 – 8/31/20 –
 4/9/1910/21/20
Number of Days2952
Upcoming Refueling Outages
2021 Capacity Factor94 %99 %
Net Book Value of Plant and
  Related Assets		n/a(50)
($ in millions as of December 31, 2021)  
Capacity Zone (ICAP/UCAP)NYISO
Lower Hudson Valley		MISO
Nearest Market HubZone G (a)Indiana
(a) Indian Point physically located in NYISO Zone H.

EWC NUCLEAR PLANT ADDITIONAL INFORMATION
PALISADESPILGRIM
INDIAN POINT NUCLEARNUCLEAR
UNIT 1UNIT 2UNIT 3PLANTSTATION
Decommissioning Trust Asset— — — 576 — 
Decommissioning Liability— — — 682 (a)— 
($ in millions as of December 31, 2021)
Planned closing daten/a (b)n/a (c)n/a (d)5/31/2022n/a (e)
(a) Includes $42 million for Big Rock Point.
(b) Indian Point 1 has been shut down and in safe storage since the 1970s.
(c) Indian Point 2 was shutdown April 30, 2020.
(d) Indian Point 3 was shutdown April 30, 2021.
(e) Pilgrim was shutdown May 31, 2019 and sold on August 26, 2019.

EWC NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS
 NERC COMMERCIAL OWNERSHIP  NET TOTAL FUEL TYPE
PLANT REGION  OPERATION  INTEREST  MW  MW TECHNOLOGY
Independence – Unit 2  SERC 198314%121842 Coal
Nelson 6  SERC 198211%60550 Coal
RS Cogen  SERC 200250%213425 CCGT Cogen
 Total3941,817




EWC NON-NUCLEAR WHOLESALE ASSETS PLANT EMISSIONS
Emissions
PLANT PURPOSE SO2 (tons)NOx (tons)Co2 (tons)Hg (lbs)TECHNOLOGY (a)
Independence – Unit 2  Base 632 206 277,547 2 LNB w/Sep OFA, ESP, ACI
Nelson 6  Base 527 155 205,760 1 LNB w Sep OFA, ESP, ACI
RS Cogen  Base 3 388 675,349 — Dry LNB/SCR
Totals may not foot due to rounding.
(a) Installed NOx and particulate matter emission control devices as stated in the EPA Monitoring Plans and operational: Overfire Air (OFA), Electrostatic Precipitator (ESP), Activated Carbon Injection (ACI), Low NOx Burners with Separated Overfire Air (LNB w/ Sep OFA), Dry Low NOx Burners (Dry LNB), and Selective Catalytic Reduction (SCR) or Steam Injection.
Currently have no SO2 or CO2 control equipment operating on any unit.


EWC NON-NUCLEAR WHOLESALE ASSETS
EWC NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL
DEBT:
OUTSTANDING AS OF DECEMBER 31,
ENTERGY’S SHARE
($ millions)20212020 MATURITY RATE
RS Cogen Senior Project Debt
Bank Portion(a) $—$—10/17/2018 LIBOR + 2.25%
Institutional Portion $7$1710/15/2022 Fixed 8.73%
RS Cogen Subordinated Debt(b)$—$—10/17/2017 LIBOR + 4.50%
 (a) RS Cogen spread on bank portion increases over time from 1.375% to 2.375%.
 (b) Debt outstanding includes Entergy's portion of accrued but unpaid interest on Entergy's portion of the RS Cogen subordinated debt since the project went into default on the subordinated credit facility in 2008.
VERMONT YANKEE CREDIT FACILITY
OUTSTANDING AS OF DECEMBER 31, RATE20212020
1.67 %$139$139
 SHARES OUTSTANDING
PREFERRED STOCK:  AS OF DECEMBER 31,  AS OF DECEMBER 31,
($ millions) RATE2021201020212020
Without Sinking Fund:  
   Entergy Finance Holding, Inc. 8.75%(a)                    250,000          250,000 $24 $24 
       Authorized 250,000 shares, $100 par value, cumulative
Total without sinking fund                      250,000          250,000 $24 $24 
 (a) Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.



DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES
OPERATIONAL MEASURES
Owned capacity (MW)Installed capacity owned by EWC
Production cost per MWh Fuel and other O&M expenses according to accounting standards that directly relate to the production of
 electricity per MWh (based on net generation)
Billed electric energy sales (GWh billed)Total number of GWh billed to customers and financially-settled instruments
Capability factor The percentage of the maximum energy generation a plant is capable of supplying to the grid, limited
 only by factors within control of plant management; a high capability factor indicates effective plant
 programs and practices to minimize unplanned energy losses and to optimize planned outages
Capacity factor Normalized percentage of the period that the nuclear plants generate power
Refueling outage daysNumber of days lost for a scheduled refueling and maintenance outage during the period
Financial measures defined below include measures prepared in accordance with generally accepted accounting principles (GAAP), as well as non-GAAP measures.
Non-GAAP measures are included in this report in order to provide metrics that remove the effect of less routine financial impacts from commonly used financial metrics.
FINANCIAL MEASURES – GAAP
Return on average common equity (ROE) – as-reported 12-months rolling net income attributable to Entergy Corporation or subsidiary divided by average common equity
Return on average member's equity – as-reported12-months rolling attributable to Entergy Corporation or subsidiary divided by average member's equity
Common dividend payout – as-reportedCommon dividend paid per share divided by earnings per share
Revolver capacityAmount of undrawn capacity remaining on corporate and subsidiary revolvers
Total debt Sum of short-term and long-term debt, notes payable and commercial paper, and capital leases on the balance sheet
Debt of joint ventures – Entergy’s shareEntergy's share of debt issued by business joint ventures at EWC
Leases - Entergy’s shareOperating leases held by subsidiaries capitalized at implicit interest rate
Debt to capitalTotal debt divided by total capitalization
Securitization debtDebt on the balance sheet associated with securitization bonds that is secured by certain future customer collections
FINANCIAL MEASURES – NON-GAAP  
Adjusted earnings As-reported net income attributable to Entergy Corporation or subsidiary excluding adjustments
Adjusted EBITDAEarnings before interest, income taxes, depreciation and amortization, excluding interest and investment income and decommissioning
  expense for EWC
Adjusted EPSAs-reported net income attributable to Entergy Corporation or subsidiary excluding adjustments, divided by the diluted average
number of common shares outstanding
AdjustmentsUnusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business
of Entergy, such as the results of the EWC segment, significant tax items, and other items such as certain costs, expenses,
or other specified items
Common dividend payout – adjustedCommon dividend paid per share divided by adjusted earnings per share
Return on average common equity (ROE) – adjusted12-months rolling adjusted net income attributable to Entergy Corporation or subsidiary divided by average common equity
Return on average member's equity – adjusted12-months rolling adjusted net income attributable to Entergy Corporation or subsidiary divided by average member's equity
Gross liquidity Sum of cash and available revolver capacity
Total debt, excluding securitization debtTotal debt, excluding securitization debt
Debt to capital, excluding securitization debtTotal debt divided by total capitalization, excluding securitization debt
Net debt to net capital, excluding securitization debtTotal debt less cash and cash equivalents divided by total capitalization less cash and cash equivalents,
 excluding securitization debt
Net liquiditySum of cash and available revolver capacity less commercial paper borrowing
Net Liquidity, including storm escrowsSum of cash, available revolver capacity, and escrow accounts available for certain storm expenses, less commercial paper borrowing
Parent debt to total debt, excluding securitization debtEnd of period Entergy Corporation debt, including amounts drawn on credit revolver and commercial paper facilities, as a
 percent of consolidated total debt, excluding securitization debt
FFOOCF less AFUDC-borrowed funds, working capital items in OCF (receivables, fuel inventory, accounts payable, taxes accrued,
 interest accrued, and other working capital accounts), and securitization regulatory charges
FFO to debt, excluding securitization debt12-months rolling adjusted FFO as a percentage of end of period total debt excluding securitization debt
FFO to debt, excluding securitization debt, return of unprotected 12-months rolling adjusted FFO excluding return of unprotected excess ADIT and severance and retention payments
 excess ADIT, and severance and retention payments associated  associated with exit of EWC as a percentage of end of period total debt excluding securitization debt
 with exit of EWC



REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions)202120202019
As-reported net income (loss) attributable to Entergy Corporation (A)1,118 1,388 1,241 
Adjustments (B)(97)250 177 
Adjusted earnings, (non-GAAP) (A-B)1,215 1,138 1,064 
Average common equity (C)11,282 10,575 9,534 
($ per share)
As-reported earnings per share (D)5.54 6.90 6.30 
Adjusted earnings per share (E)6.02 5.66 5.40 
Common dividend paid per share (F)3.86 3.74 3.66 
(%)
ROE – As-reported (A/C)9.9 13.1 13.0 
ROE – Adjusted (non-GAAP) ((A-B)/C)10.8 10.8 11.2 
Common dividend payout – As-reported % (F/D)70 54 58 
Common dividend payout – Adjusted % (F/E)64 66 68 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21  2Q21  3Q21  4Q21  1Q20  2Q20  3Q20  4Q20
As-reported net income (loss) attributable to Entergy Corporation, rolling 121,604 1,238 1,248 1,118 1,105 1,230 1,385 1,388 
  months (A)
Adjustments, rolling 12 months (B)399 32 45 (97)(31)80 252 250 
Adjusted earnings, rolling 12 months (non-GAAP) (A-B)1,205 1,206 1,202 1,215 1,136 1,150 1,134 1,138 
Average common equity (C)10,621 10,657 11,012 11,282 9,597 10,112 10,403 10,575 
(%)
ROE – As-reported (A/C)15.1 11.6 11.3 9.9 11.5 12.2 13.3 13.1 
ROE – Adjusted (non-GAAP) ((A-B)/C)11.3 11.3 10.9 10.8 11.8 11.4 10.9 10.8 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions)202120202019
Total debt (A)27,154 24,062 19,885 
Less securitization debt (B)84 175 298 
Total debt, excluding securitization debt (A-B)27,071 23,887 19,587 
Less cash and cash equivalents (C)443 1,759 426 
Net debt, excluding securitization debt (A-B-C)26,628 22,128 19,161 
Total capitalization (D)39,079 35,243 30,363 
Less securitization debt (E)84 175 298 
Total capitalization, excluding securitization debt (D-E)38,995 35,068 30,065 
Less cash and cash equivalents (F)443 1,759 426 
Net capitalization, excluding securitization debt (D-E-F)38,553 33,309 29,639 
(%)
Debt to capital (A/D)69.5 68.3 65.5 
Debt to capital, excluding securitization debt ((A-B)/D-E))69.4 68.1 65.1 
Net debt to net capital, excluding securitization debt ((A-B-C)/(D-E-F))69.1 66.4 64.6 
Revolver capacity (G)3,985 4,110 3,810 
Storm escrows (L)33116412
Gross liquidity (C+G)4,428 5,869 4,236 
Net liquidity (C+G-J)3,227 4,241 2,289 
Net liquidity, including storm escrows (C+G-J+L)3,260 4,357 2,701 
Entergy Corporation notes:
  Due September 2020— — 450 
  Due July 2022650 650 650 
  Due September 2025800 800 — 
  Due September 2026750 750 750 
  Due June 2028650 — — 
  Due June 2030600 600 — 
  Due June 2031650 — — 
  Due June 2050600 600 — 
    Total parent long-term debt (H)4,700 3,400 1,850 
Revolver draw (I)165 165 440 
Commercial paper (J)1,201 1,627 1,947 
Unamortized debt issuance and discounts (K)(49)(38)(8)
Total parent debt (H)+(I)+(J)+(K)6,017 5,154 4,229 
Parent debt to total debt, excluding securitization debt % ((H)+(I)+(J)+(K))/(A-B)22.2 21.6 21.6 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21  2Q21  3Q21  4Q21  1Q20  2Q20  3Q20  4Q20
Total debt (A)25,803 25,435 25,695 27,154 21,465 21,493 22,127 24,062 
Less securitization debt (B)147 114 90 84 271 232 209 175 
Total debt, excluding securitization debt (A-B)25,656 25,321 25,605 27,071 21,193 21,261 21,918 23,887 
Less cash and cash equivalents (C)1,743 687 1,000 443 1,464 935 1,240 1,759 
Net debt, excluding securitization debt (A-B-C)23,914 24,634 24,605 26,628 19,730 20,326 20,678 22,128 
Total capitalization (D)37,075 36,577 37,202 39,079 31,943 32,173 33,153 35,243 
Less securitization debt (E)147 114 90 84 271 232 209 175 
Total capitalization, excluding securitization debt (D-E)36,928 36,463 37,112 38,995 31,672 31,941 32,944 35,068 
Less cash and cash equivalents (F)1,743 687 1,000 443 1,464 935 1,240 1,759 
Net capitalization, excluding securitization debt (D-E-F)35,185 35,777 36,112 38,553 30,208 31,006 31,704 33,309 
(%)
Debt to capital (A/D)69.6 69.5 69.1 69.5 67.2 66.8 66.7 68.3 
Debt to capital, excluding securitization debt ((A-B)/D-E))69.5 69.4 69.0 69.4 66.9 66.6 66.5 68.1 
Net debt to net capital, excluding securitization debt ((A-B-C)/(D-E-F))68.0 68.9 68.1 69.1 65.3 65.6 65.2 66.4 
Revolver capacity (G)4,220 4,125 3,925 3,985 3,348 4,110 4,125 4,110 
Storm escrows (L)72723333373373373116
Gross liquidity (C+G)5,963 4,812 4,925 4,428 4,811 5,045 5,364 5,869 
Net liquidity (C+G-J)4,9353,9463,9193,2272,8703,0993,9664,241
Net liquidity, including storm escrows (C+G-J+L)5,0074,0183,9523,2603,2423,4724,3394,357
Entergy Corporation notes:
  Due September 2020— — — — 450 — — — 
  Due July 2022650 650 650 650 650 650 650 650 
  Due September 2025800 800 800 800 — — 800 800 
  Due September 2026750 750 750 750 750 750 750 750 
  Due June 2028650 650 650 650 — — — — 
  Due June 2030600 600 600 600 — 600 600 600 
  Due June 2031650 650 650 650 — — — — 
  Due June 2050600 600 600 600 — 600 600 600 
    Total parent long-term debt (H)4,700 4,700 4,700 4,700 1,850 2,600 3,400 3,400 
Revolver draw (I)55 150 325 165 922 160 150 165 
Commercial paper (J)1,028 866 1,006 1,201 1,942 1,946 1,398 1,627 
Unamortized debt issuance and discounts (K)(54)(52)(51)(49)(8)(32)(40)(38)
Total parent debt (H)+(I)+(J)+(K)5,728 5,664 5,981 6,017 4,706 4,675 4,909 5,154 
Parent debt to total debt, excluding securitization debt % ((H)+(I)+(J)+(K))/(A-B)22.3 22.4 23.4 22.2 22.2 22 22.4 21.6 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions)202120202019
Total debt (A)27,154 24,062 19,885 
Less securitization debt (B)84 175 298 
Total debt, excluding securitization debt (C)27,071 23,887 19,587 
Net cash flow provided by operating activities, rolling 12 months (D)2,301 2,690 2,817 
Allowance for borrowed funds used during construction, rolling 12 months (E)(29)(52)(65)
Working capital items in net cash flow provided by operating activities, rolling 12 months:
  Receivables(85)(139)(101)
  Fuel inventory18 (27)(28)
  Accounts payable270 137 (72)
  Taxes accrued(21)208 (21)
  Interest accrued(11)8 1 
  Other working capital accounts(54)(143)(3)
  Securitization regulatory charges83 124 122 
       Total (F)200 168 (102)
FFO, rolling 12 months (G) = (D)+(E)-(F)2,071 2,470 2,854 
FFO to debt, excluding securitization debt (G)/(C)7.7 %10.3 %14.6 %
Estimated return of unprotected excess ADIT (rolling 12 months pre-tax) (H)87 70 301 
Severance and retention payments associated with exit of
EWC (rolling 12 months pre-tax) (I)		120 55 141 
FFO to debt, excluding securitization debt, return of unprotected excess ADIT, and severance and retention payments associated with exit of EWC [(G+H+I)/(C)]8.4 %10.9 %16.8 %
Calculations may differ due to rounding.


REG G RECONCILIATIONS
CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions) 1Q21  2Q21  3Q21  4Q21  1Q20  2Q20  3Q20  4Q20
Total debt (A)25,803 25,43525,695 27,154 21,465 21,493 22,127 24,062 
Less securitization debt (B)147 114 90 84 271 232 209 175 
Total debt, excluding securitization debt (C)25,656 25,321 25,605 27,071 21,193 21,261 21,918 23,887 
Net cash flow provided by operating activities, rolling 12 months (D)1,981 1,988 2,331 2,301 2,974 3,212 3,069 2,690 
Allowance for borrowed funds used during construction, rolling 12 months (E)(43)(38)(34)(29)(63)(58)(55)(52)
Working capital items in net cash flow provided by operating activities, rolling 12 months:
  Receivables(262)(263)(183)(85)(71)(5)(71)(139)
  Fuel inventory15 9 20 18 (39)(35)(14)(27)
  Accounts payable90 45 326 270 (136)(92)277 137 
  Taxes accrued21 93 20 (21)(21)62 188 208 
  Interest accrued9 3 26 (11)17 5 14 8 
  Other working capital accounts(165)(166)(124)(54)17 (15)(98)(143)
  Securitization regulatory charges124 119 98 83 122 123 125 124 
       Total (F)(170)(159)184 200 (111)43 421 168 
FFO, rolling 12 months (G) = (D)+(E)-(F)2,109 2,109 2,113 2,071 3,023 3,110 2,594 2,470 
FFO to debt, excluding securitization debt (G)/(C)8.2 %8.3 %8.3 %7.7 %14.3 %14.6 %11.8 %10.3 %
Estimated return of unprotected excess ADIT (rolling 12 months pre-tax) (H)80 83 85 87 236 189 119 70 
Severance and retention payments associated with exit of
EWC (rolling 12 months pre-tax) (I)		55 160 158 120 141 102 17 55 
FFO to debt, excluding securitization debt, return of unprotected excess ADIT, and severance and retention payments associated with exit of EWC [(G+H+I)/(C)]8.7 %9.3 %9.2 %8.4 %16.0 %16.0 %12.5 %10.9 %
Calculations may differ due to rounding.


REG G RECONCILIATIONS
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions)202120202019
As-reported net income (loss) applicable to common stock/equity (A) 1,490 1,800 1,411 
Utility adjustments
Gain on sale11 — — 
Income tax valuation allowance(8)— — 
Provision for uncertain tax position(5)— — 
State corporate income tax rate change29 — — 
SERI regulatory liability for potential refund for rate base reduction
retroactive to 2015— (25)— 
Income tax effect on Utility adjustment above— 6 — 
2014 / 2015 IRS settlement – E-LA business combination— 396 — 
Reversal of valuation allowance on internal restructuring — — 41 
Total adjustments (B) 27 377 41 
Adjusted earnings (A-B) 1,463 1,423 1,370 
Average common stock or member's equity (C) 16,988 15,038 13,219 
Gross debt (D) 20,998 18,769 15,517 
Less securitization debt (E)84 175 298 
Gross debt, excluding securitization debt (D-E)20,915 18,594 15,219 
Less cash and cash equivalents (F)311 1,526 202 
Net debt, excluding securitization debt (D-E-F)20,603 17,068 15,018 
Total capitalization (G)39,049 35,192 29,631 
Less securitization debt (H)84 175 298 
Total capitalization, excluding securitization debt (G-H)38,965 35,017 29,333 
Less cash and cash equivalents (I)311 1,526 202 
Net capitalization, excluding securitization debt (G-H-I)38,654 33,491 29,131 
(%)
ROE – As-Reported (A/C) 8.8 12.0 10.7 
ROE – Adjusted ((A-B)/C) 8.6 9.5 10.4 
Debt to capital (D/G) 53.8 53.3 52.4 
Debt to capital, excluding securitization debt ((D-E)/(G-H))53.7 53.1 51.9 
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I))53.3 51.0 51.6 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions)  1Q21  2Q21  3Q21  4Q21  1Q20  2Q20  3Q20  4Q20
As-reported net income applicable to common stock/equity (A) 357 326 570 238 320 345 552 584 
Less adjustments (B) — — 11 16 — — — 378 
Adjusted net income (loss) (A-B) 357 326 559 222 320 345 552 206 
As-reported net income (loss) applicable to common stock/equity-rolling
12 months (C)1,837 1,818 1,837 1,490 1,500 1,514 1,487 1,800 
Adjustments in prior quarters 377 377 377 11 41 41 41 — 
Adjustments in current quarter— — 11 16 — — — 377 
Total adjustments (D) 377 377 388 27 41 41 41 377 
Adjusted earnings, rolling 12 months (C-D) 1,460 1,441 1,449 1,463 1,459 1,472 1,446 1,423 
Average common stock or member's equity (E) 15,465 15,758 16,250 16,988 13,544 13,703 14,284 15,038 
Gross debt (F) 19,936 19,632 19,576 20,998 16,620 16,679 17,079 18,769 
Less securitization debt (G)147 114 90 84 271 232 209 175 
Gross debt, excluding securitization debt (F-G)19,789 19,518 19,486 20,915 16,348 16,446 16,870 18,594 
Less cash and cash equivalents (H)1,050 523 622 311 998 671 972 1,526 
Net debt, excluding securitization debt (F-G-H)18,739 18,995 18,864 20,603 15,350 15,775 15,898 17,068 
Total capitalization (I)36,716 36,771 37,176 39,049 31,230 31,516 32,439 35,192 
Less securitization debt (J)147 114 90 84 271 232 209 175 
Total capitalization, excluding securitization debt (I-J)36,569 36,657 37,086 38,965 30,959 31,284 32,230 35,017 
Less cash and cash equivalents (K)1,050 523 622 311 998 671 972 1,526 
Net capitalization, excluding securitization debt (I-J-K)35,520 36,134 36,464 38,654 29,961 30,612 31,258 33,491 
(%)
ROE – As-Reported (C/E) 11.9 11.5 11.3 8.8 11.1 11.0 10.4 12.0 
ROE – Adjusted ((C-D)/E) 9.4 9.1 8.9 8.6 10.8 10.7 10.1 9.5 
Debt to capital ratio (F/I) 54.3 53.4 52.7 53.8 53.2 52.9 52.6 53.3 
Debt to capital, excluding securitization debt ((F-G)/(I-J))54.1 53.2 52.5 53.7 52.8 52.6 52.3 53.1 
Net debt to net capital, excluding securitization debt ((F-G-H)/(I-J-L))52.8 52.6 51.7 53.3 51.2 51.5 50.9 51.0 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported earnings applicable to member's equity (A) 317 245 263 
Adjustments
Income tax valuation allowance(3)— — 
State corporate income tax rate change— — — 
2014/2015 IRS audit settlement— 6 — 
Total adjustments (B) (3)6 — 
Adjusted earnings (A-B) 320 239 263 
Average member's equity (C) 3,409 3,201 3,055 
Gross debt (D) 3,974 3,980 3,528 
Less securitization debt (E)— — 7 
Gross debt, excluding securitization debt (D-E)3,974 3,980 3,522 
Less cash and cash equivalents (F) 13 192 3 
Net debt, excluding securitization debt (D-E-F) 3,961 3,788 3,518 
Total capitalization (G)7,550 7,256 6,654 
Less securitization debt (H)— — 7 
Total capitalization, excluding securitization debt (G-H) 7,550 7,256 6,647 
Less cash and cash equivalents (I) 13 192 3 
Net capitalization, excluding securitization debt (G-H-I) 7,537 7,064 6,644 
(%)
Return on average member's equity – As-Reported (A/C) 9.3 7.7 8.6 
Return on average member's equity – Adjusted ((A-B)/C) 9.4 7.5 8.6 
Debt to capital (D/G) 52.6 54.8 53.0 
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 52.6 54.8 53.0 
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 52.6 53.6 53.0 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported net income (A) 654 1,082 692 
Adjustments
Gain on sale11 — — 
State corporate income tax rate change6 — — 
2014/2015 IRS audit settlement— 383 — 
Total Adjustments (B) 17 383 — 
Adjusted earnings (A-B) 637 699 692 
Average common equity (C) 7,819 6,927 6,150 
Gross debt (D) 10,933 9,044 7,321 
Less securitization debt (E)— 10 33 
Gross debt, excluding securitization debt (D-E)10,933 9,034 7,288 
Less cash and cash equivalents (F) 19 728 2 
Net debt, excluding securitization debt (D-E-F) 10,914 8,306 7,286 
Total capitalization (G) 19,114 16,501 13,718 
Less securitization debt (H)— 10 33 
Total capitalization, excluding securitization debt (G-H) 19,114 16,491 13,685 
Less cash and cash equivalents (I) 19 728 2 
Net capitalization, excluding securitization debt (G-H-I) 19,095 15,763 13,683 
(%)
Return on average member's equity – As-Reported (A/C) 8.4 15.6 11.3 
Return on average member's equity – Adjusted ((A-B)/C) 8.1 10.1 11.3 
Debt to capital (D/G) 57.2 54.8 53.4 
Debt to capital ratio, excluding securitization debt ((D-E)/(G-H)) 57.2 54.8 53.3 
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 57.2 52.7 53.2 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported net income (A) 167 141 120 
Adjustments
2014/2015 IRS audit settlement— 4 — 
Total Adjustments (B) — 4 — 
Adjusted earnings (A-B) 167 137 120 
Average member's equity (C) 1,756 1,607 1,417 
Gross debt (D) 2,189 1,788 1,621 
Less cash and cash equivalents (E) 48 — 52 
Net debt (D-E) 2,141 1,788 1,569 
Total capitalization (F) 4,029 3,461 3,163 
Less cash and cash equivalents (G) 48 — 52 
Net capitalization (F-G) 3,981 3,461 3,111 
(%)
Return on average member's equity – As-Reported (A/C) 9.5 8.7 8.5 
Return on average member's equity – Adjusted ((A-B)/C) 9.5 8.5 8.5 
Debt to capital (D/F) 54.3 51.7 51.2 
Net debt to net capital ((D-E)/(F-G)) 53.8 51.7 50.4 
Calculations may differ due to rounding.



REG G RECONCILIATIONS
ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported net income (A) 32 49 53 
Adjustments
State corporate income tax rate change2 — — 
2014/2015 IRS audit settlement— (1)— 
Total Adjustments (B) 2 (1)— 
Adjusted earnings (A-B) 30 50 53 
Average member's equity (C) 623 552 471 
Gross debt (D) 792 646 564 
Less securitization debt (E)30 41 53 
Gross debt, excluding securitization debt (D-E)763 604 511 
Less cash and cash equivalents (F) 43 — 6 
Net debt, excluding securitization debt (D-E-F) 720 604 505 
Total capitalization (G) 1,431 1,253 1,062 
Less securitization debt (H)30 41 53 
Total capitalization, excluding securitization debt (G-H) 1,401 1,211 1,009 
Less cash and cash equivalents (I) 43 — 6 
Net capitalization, excluding securitization debt (G-H-I) 1,358 1,211 1,003 
(%)
Return on average member's equity – As-Reported (A/C) 5.1 8.9 11.3 
Return on average member's equity – Adjusted ((A-B)/C) 4.9 9.1 11.3 
Debt to capital (D/G) 55.4 51.5 53.1 
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 54.4 49.9 50.7 
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 53.0 49.9 50.4 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
ENTERGY TEXAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported earnings applicable to common stock (A) 227 213 159 
Adjustments
2014/2015 IRS audit settlement— 2 — 
Total Adjustments (B) — 2 — 
Adjusted earnings (A-B) 227 211 159 
Average common equity (C) 2,284 1,943 1,593 
Gross debt (D) 2,362 2,499 1,928 
Less securitization debt (E)54 123 205 
Gross debt, excluding securitization debt (D-E)2,308 2,376 1,723 
Less cash and cash equivalents (F) — 249 13 
Net debt, excluding securitization debt (D-E-F) 2,308 2,127 1,710 
Total capitalization (G)4,845 4,657 3,728 
Less securitization debt (H)54 123 205 
Total capitalization, excluding securitization debt (G-H) 4,791 4,534 3,522 
Less cash and cash equivalents (I) — 249 13 
Net capitalization, excluding securitization debt (G-H-I) 4,791 4,285 3,509 
(%)
ROE – As-Reported (A/C) 9.9 11.0 10.0 
ROE – Adjusted ((A-B)/C) 9.9 10.9 10.0 
Debt to capital (D/G) 48.7 53.7 51.7 
Debt to capital, excluding securitization debt ((D-E)/(G-H)) 48.2 52.4 48.9 
Net debt to net capital, excluding securitization debt ((D-E-F)/(G-H-I)) 48.2 49.7 48.7 
Calculations may differ due to rounding.


REG G RECONCILIATIONS
SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported net income (A) 107 99 99 
Adjustments
SERI regulatory liability for potential refund for rate base reduction
retroactive to 2015— (19)— 
2014/2015 IRS audit settlement— 3 — 
Total Adjustments (B) — (16)— 
Adjusted earnings (A-B) 107 115 99 
Average common equity (C) 1,086 896 725 
Gross debt (D) 741 805 548 
Less cash and cash equivalents (E) 89 242 69 
Net debt (D-E) 652 563 479 
Total capitalization (F) 1,833 1,886 1,260 
Less cash and cash equivalents (G) 89 242 69 
Net capitalization (F-G) 1,743 1,644 1,191 
(%)
ROE – As-Reported (A/C) 9.8 11.1 13.7 
ROE – Adjusted ((A-B)/C) 9.8 12.8 13.7 
Debt to capital (D/F) 40.4 42.7 43.5 
Net debt to net capital ((D-E)/(F-G)) 37.434.240.2
Calculations may differ due to rounding.


REG G RECONCILIATIONS
ENTERGY WHOLESALE COMMODITIES FINANCIAL METRICS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
2019-2021
($ millions) 202120202019
As-reported net income (loss) attributable to Entergy Corporation(123)(65)147 
Net income (loss)(121)(63)149 
Add back: interest expense13 22 29 
Add back: income taxes(25)105 (161)
Add back: depreciation and amortization 44 102 148 
Subtract: interest and investment income 119 234 415 
Add back: decommissioning expense 120 205 237 
Adjusted EBITDA (87)137 (13)
Calculations may differ due to rounding.


ENTERGY WHOLESALE COMMODITIES FINANCIAL METRICS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES
1Q20-4Q21
($ millions)  1Q21  2Q21  3Q21  4Q21  1Q20  2Q20  3Q20  4Q20
As-reported net income (loss) attributable to Entergy Corporation38 (275)26 89 (111)85 30 (69)
Net income (loss)38 (275)26 90 (110)85 31 (68)
Add back: interest expense 4 4 3 2 5 7 5 5 
Add back: income taxes16 (72)9 22 (31)24 12 99 
Add back: depreciation and amortization 13 14 9 9 35 25 21 21 
Subtract: interest and investment income 48 50 3 18 (172)207 95 104 
Add back: decommissioning expense53 40 14 14 50 51 51 53 
Adjusted EBITDA 76 (338)57 118 122 (15)24 5 
Calculations may differ due to rounding.


ENTERGY CORPORATION AND SUBSIDIARIES
INVESTOR NEWSCOMMON STOCK INFORMATION
Visit our investor relations website at www.entergy.com/investor_relations forThe company’s common stock is listed on the New York and Chicago
earnings reports, financial releases, SEC filings and other investor information.exchanges under the symbol “ETR” (CUSIP 29364G103). The Entergy
share price is reported daily in the financial press under “Entergy” in
INVESTOR RELATIONSmost listings of New York Stock Exchange securities. Entergy common
Securities analysts, portfolio managers, and other members of the financialstock is a component of the following indices: S&P 500, S&P Utilities
community may contact:Index, Philadelphia Utility Index and the NYSE Composite Index,
     William Ableramong others.
     Vice President, Investor Relations
     Telephone: 504-576-3097As of Feb. 1, 2022, there were 203,529,179 shares of Entergy
     E–mail: wabler@entergy.comcommon stock outstanding. Shareholders of record totaled
21,686, and approximately 402,585 investors held Entergy stock in
SHAREHOLDER ACCOUNT INFORMATION“street name” through a broker.
EQ Shareowner Services is Entergy’s transfer agent,
registrar, dividend disbursing agent, and dividend reinvestmentCERTIFICATIONS
and stock purchase plan agent. Shareholders of record withIn June 2021, Entergy’s Chief Executive Officer certified to the
questions about lost certificates, lost or missing dividend checksNew York Stock Exchange that he was not aware of any violation
or notifications of change of address should contact:of the NYSE corporate governance listing standards. Also, Entergy
     EQ Shareowner Servicesfiled certifications regarding the quality of the company’s public
     P.O. Box 64874disclosure, required by Section 302 of the Sarbanes-Oxley Act of
     St. Paul, MN 55164-08742002, as exhibits to our Annual Report on Form 10-K for the fiscal year
     Phone: 1-855-854-1360ended Dec. 31, 2021.
     Internet: www.shareowneronline.com
DIVIDEND PAYMENTS
CORPORATE GOVERNANCEThe Board of Directors declares dividends quarterly and sets the record and
Entergy’s Corporate Governance Guidelines, Board Committee Charterspayment dates. Subject to Board discretion, those dates for 2022 are:
for the Audit, Corporate Governance, and Personnel Committees, Entergy'sPAYMENT
Code of Entegrity and other ethics policies may be accessed electronicallyDECLARATION DATERECORD DATE DATE
by selecting the investor information page on Entergy’s corporateJanuary 28February 11March 1
website at entergy.com.April 11May 5June 1
July 29August 11September 1
ADDITIONAL INFORMATIONOctober 28November 14December 1
For copies of the above Corporate Governance documents, Entergy’s
10-K and 10-Q reports filed with the Securities and ExchangeQuarterly dividend payments (in cents-per-share):
Commission, or for other investor information, email lnance@entergy.com.
 QUARTER 202120202019
195 93 91 
295 93 91 
395 93 91 
4101 95 93