2.2.0.25falsefalse0203 - Disclosure - Income Taxestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($)
USD ($) / shares
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<!-- Begin Block Tagged Note 3 - us-gaap:IncomeTaxDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 3. INCOME TAXES</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Income tax expenses from continuing operations for 2010, 2009, and 2008 for Entergy
Corporation and Subsidiaries consist of the following:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10">(In Thousands)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Current:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Federal
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">145,161</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($433,105</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">451,517</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td> </td>
<td align="right">131</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">154</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">256</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">State
</div></td>
<td> </td>
<td> </td>
<td align="right">19,313</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(108,552</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">146,171</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td align="right">164,605</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(541,503</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">597,944</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Deferred and non-current — net
</div></td>
<td> </td>
<td> </td>
<td align="right">468,698</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,191,418</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,022</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Investment tax credit
adjustments — net
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16,064</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,175</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,968</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense from
continuing operations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">617,239</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">632,740</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">602,998</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Total income taxes for Entergy Corporation and Subsidiaries differ from the amounts computed
by applying the statutory income tax rate to income before taxes. The reasons for the differences
for the years 2010, 2009, and 2008 are:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2010</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="10">(In Thousands)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income attributable to Entergy Corporation
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,250,242</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,231,092</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,220,566</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Preferred dividend requirements of subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">20,063</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,958</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,969</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Consolidated net income
</div></td>
<td> </td>
<td> </td>
<td align="right">1,270,305</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,251,050</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,240,535</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income taxes
</div></td>
<td> </td>
<td> </td>
<td align="right">617,239</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">632,740</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">602,998</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Income before income taxes
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,887,544</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,883,790</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,843,533</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Computed at statutory rate (35%)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">660,640</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">659,327</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">645,237</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Increases (reductions) in tax resulting from:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">State income taxes net of federal income tax effect
</div></td>
<td> </td>
<td> </td>
<td align="right">40,530</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">65,241</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,926</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Regulatory differences — utility plant items
</div></td>
<td> </td>
<td> </td>
<td align="right">14,931</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">57,383</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,543</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Amortization of investment tax credits
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15,980</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16,745</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,458</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Writeoff of reorganization costs
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19,974</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Tax law change-Medicare Part D
</div></td>
<td> </td>
<td> </td>
<td align="right">13,616</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Decommissioning trust fund basis
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,917</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(417</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Capital gains / (losses)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28,051</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(74,278</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Flow-through / permanent differences
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26,370</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(49,486</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,656</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision for uncertain tax positions
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(43,115</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,435</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27,970</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Valuation allowance
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(40,795</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,770</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other — net
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,039</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,218</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,011</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Total income taxes as reported
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">617,239</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">632,740</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">602,998</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Effective Income Tax Rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">32.7</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">33.6</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">32.7</td>
<td nowrap="nowrap">%</td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="right" style="font-size: 10pt; margin-top: 0pt">
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Significant components of accumulated deferred income taxes and taxes accrued for Entergy
Corporation and Subsidiaries as of December 31, 2010 and 2009 are as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6">(In Thousands)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Deferred tax liabilities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Plant-related basis differences
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($5,947,760</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($5,520,095</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net regulatory assets/(liabilities)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,074,133</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,147,710</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Power purchase agreements
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(265,429</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(862,322</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Nuclear decommissioning trusts
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(439,481</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(855,608</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(679,302</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(456,053</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:60px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,406,105</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,841,788</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Deferred tax assets:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Accumulated deferred investment
tax credit
</div></td>
<td> </td>
<td> </td>
<td align="right">111,170</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">118,587</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Pension and other post-employment benefits
</div></td>
<td> </td>
<td> </td>
<td align="right">161,730</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">356,284</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Nuclear decommissioning liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">285,889</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">313,648</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Sale and leaseback
</div></td>
<td> </td>
<td> </td>
<td align="right">256,157</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">260,934</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision for regulatory adjustments
</div></td>
<td> </td>
<td> </td>
<td align="right">100,504</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">103,403</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision for contingencies
</div></td>
<td> </td>
<td> </td>
<td align="right">28,554</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">98,514</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Unbilled/deferred revenues
</div></td>
<td> </td>
<td> </td>
<td align="right">18,642</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,995</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Customer deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">15,724</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,073</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Net operating loss carryforwards
</div></td>
<td> </td>
<td> </td>
<td align="right">123,710</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">148,979</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Capital losses
</div></td>
<td> </td>
<td> </td>
<td align="right">56,602</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,787</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">19,009</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">160,264</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Valuation allowance
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(70,089</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(47,998</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:60px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td align="right">1,107,602</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,603,470</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncurrent accrued taxes (including unrecognized
tax benefits)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,261,455</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(473,064</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:45px; text-indent:-15px">Accumulated deferred income taxes and taxes accrued
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($8,559,958</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($7,711,382</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy’s estimated tax attributes carryovers and their expiration dates as of December 31,
2010 are as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 1px solid #000000"><b>Carryover Description</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Carryover Amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Year(s) of expiration</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Federal net operating losses
</div></td>
<td align="right">$</td>
<td colspan="3" align="right">10 billion</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2023-2029</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">State net operating losses
</div></td>
<td align="right">$</td>
<td colspan="3" align="right">7.5 billion</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2011-2030</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Federal capital losses
</div></td>
<td align="right">$</td>
<td colspan="3" align="right">60.7 million</td>
<td> </td>
<td> </td>
<td align="right">2014</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">State capital losses
</div></td>
<td align="right">$</td>
<td colspan="3" align="right">855 million</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2011-2015</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Federal minimum tax credits
</div></td>
<td align="right">$</td>
<td colspan="3" align="right">29 million</td>
<td> </td>
<td colspan="2" align="right">never</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other federal and state credits
</div></td>
<td align="right">$</td>
<td colspan="3" align="right">70 million</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2011-2030</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     As a result of the accounting for uncertain tax positions, the amount of the deferred tax
assets reflected in the financial statements is less than the amount of the tax effect of the
federal and state net operating loss carryovers, tax credit carryovers, and other tax attributes
reflected on income tax returns.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 0pt">
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Because it is more likely than not that the benefit from certain state net operating and
capital loss carryovers will not be utilized, a valuation allowance of $28 million and $34 million
has been provided on the deferred tax assets relating to these state net operating and capital loss
carryovers, respectively.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b>Unrecognized tax benefits</b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Accounting standards establish a “more-likely-than-not” recognition threshold that must be met
before a tax benefit can be recognized in the financial statements. If a tax deduction is taken on
a tax return, but does not meet the more-likely-than-not recognition threshold, an increase in
income tax liability, above what is payable on the tax return, is required to be recorded. A
reconciliation of Entergy’s beginning and ending amount of unrecognized tax benefits is as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2008</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="center" colspan="2" nowrap="nowrap">(In Thousands)</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Gross balance at January 1
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">4,050,491</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1,825,447</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2,523,794</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Additions based on tax positions related to the
current year
</div></td>
<td> </td>
<td> </td>
<td align="right">480,843</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,286,759</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">378,189</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Additions for tax positions of prior years
</div></td>
<td> </td>
<td> </td>
<td align="right">871,682</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">697,615</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">259,434</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Reductions for tax positions of prior years
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(438,460</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(372,862</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(166,651</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Settlements
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,462</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(385,321</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,169,319</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Lapse of statute of limitations
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,306</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,147</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Gross balance at December 31
</div></td>
<td> </td>
<td> </td>
<td align="right">4,949,788</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,050,491</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,825,447</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Offsets to gross unrecognized tax benefits:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit and loss carryovers
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,771,301</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,349,589</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,265,734</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash paid to taxing authorities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(373,000</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(373,000</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(548,000</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Unrecognized tax benefits net of unused tax
attributes
and payments (1)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">805,487</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">327,902</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">11,713</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96%"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Potential tax liability above what is payable on tax returns</td>
</tr>
</table>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The balances of unrecognized tax benefits include $605 million, $522 million, and $543 million
as of December 31, 2010, 2009, and 2008, respectively, which, if recognized, would lower the
effective income tax rates. Because of the effect of deferred tax accounting, the remaining
balances of unrecognized tax benefits of $4.34 billion, $3.53 billion, and $1.28 billion as of
December 31, 2010, 2009, and 2008, respectively, if disallowed, would not affect the annual
effective income tax rate but would accelerate the payment of cash to the taxing authority to an
earlier period.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy has made deposits, with the IRS against its potential liabilities arising from audit
adjustments and settlements related to its uncertain tax positions. Deposits are expected to be
made to the IRS as the cash tax benefits of uncertain tax positions are realized. As of December
31, 2010, Entergy has deposits of $373 million on account with the IRS to cover its uncertain tax
positions.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy accrues interest and penalties expenses, if any, related to unrecognized tax benefits
in income tax expense. Entergy’s December 31, 2010, 2009, and 2008 accrued balance for the
possible payment of interest and penalties is approximately $45 million, $48 million, and $55
million, respectively.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="right" style="font-size: 10pt; margin-top: 0pt">
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b>Income Tax Litigation</b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     On October 4, 2010 the United States Tax Court entered its decision in favor of Entergy for
tax years 1997 and 1998. The issues decided by the Court are as follows:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" style="background: transparent"> </td>
<td width="2%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The ability to credit the U.K. Windfall Tax against U.S. tax as a foreign tax credit.
The U.K. Windfall Tax relates to Entergy’s former investment in London Electricity.</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" style="background: transparent"> </td>
<td width="2%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The validity of Entergy’s change in method of tax accounting for street lighting assets
and the related increase in depreciation deductions.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">On December 20, 2010, the IRS filed notice that it will appeal the decision of the Tax Court to the
United States Court of Appeals for the Fifth Circuit.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     On February 21, 2008, the IRS issued a Statutory Notice of Deficiency for the year 2000. The
deficiency resulted from a disallowance of the same two issues discussed above as well as the issue
discussed below.
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" style="background: transparent"> </td>
<td width="2%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Depreciation deductions that resulted from Entergy’s purchase price allocations on its
acquisitions of its non-utility nuclear plants.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy filed a Tax Court Petition on May 5, 2008 challenging the three issues in dispute. On
June 28, 2010, trial was held in Washington, D.C. On February 7, 2011 a joint stipulation of
settled issues was filed addressing the depreciation issue in the above Tax Court case. As a
result, the IRS agreed that Entergy was entitled to allocate all of the cash consideration to plant
and equipment rather than to nuclear decommissioning trusts thereby entitling Entergy to its
claimed depreciation. However, the case has been left open for administrative purposes pending the
appeal by the IRS of the U.K. Windfall Tax foreign tax credit and street lighting issues to the
United States Court of Appeals for the Fifth Circuit. Additionally, with respect to Entergy’s
acquisition of all of its non-utility nuclear power plants, Entergy and the IRS entered into a
closing agreement on January 31, 2011 that entitles Entergy to allocate all of its cash
consideration to plant and equipment.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     With respect to the U.K. Windfall Tax issue, the total tax included in IRS Notices of
Deficiency is $82 million. The total tax and interest associated with this issue for all years is
approximately $275 million.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     With respect to the street lighting issue, the total tax included in IRS Notices of Deficiency
is $22 million. The total federal and state tax and interest associated with this issue for all
open tax years is approximately $75 million.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b>Income Tax Audits </b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy or one of its subsidiaries files U.S. federal and various state and foreign income tax
returns. Other than the matters discussed in the Income Tax Litigation section above, the IRS’s
and substantially all state taxing authorities’ examinations are completed for years before 2004.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>2002-2003 IRS Audit</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In September 2009, Entergy entered into a partial agreement with the IRS for the years 2002
and 2003. It is a partial agreement because Entergy did not agree to the IRS’s disallowance of
foreign tax credits for the U.K. Windfall Tax and the street lighting issues. These issues will be
governed by the outcome of the decision by the 5<sup style="font-size: 85%; vertical-align: text-top">th</sup> Circuit for the tax years 1997 and
1998.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 0pt">
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>2004-2005 IRS Audit</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The IRS issued its 2004-2005 Revenue Agent’s Report on May 26, 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     On June 25, 2009 Entergy filed a formal Protest with the IRS Appeals Office indicating
disagreement with certain issues contained in the Revenue Agent’s Report. The major issues in
dispute are:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" style="background: transparent"> </td>
<td width="2%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Depreciation of street lighting assets (issue before the 5th Circuit)</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" style="background: transparent"> </td>
<td width="2%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Qualified research expenditures for purposes of the research credit</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" style="background: transparent"> </td>
<td width="2%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Inclusion of nuclear decommissioning liabilities in cost of goods sold</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The initial IRS Appeals Conference to discuss these disputed issues occurred in September of 2010.
Negotiations are ongoing.
</div>
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>2006-2007 IRS Audit</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The IRS commenced an examination of Entergy’s 2006 and 2007 U.S. federal income tax returns in
the third quarter 2009. The IRS has proposed adjustments for these years. The audit is
progressing according to plan. The audit report is expected to be issued in the second quarter
2011.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The IRS has also examined the Entergy Wholesale Commodities subsidiaries’ and Utility
operating companies’ mark-to-market deductions claimed on wholesale power contracts. With respect
to the mark-to-market issue, the total federal and state tax included in unrecognized tax benefits
is approximately $747 million for Entergy and $62 million for Entergy Louisiana. Amounts for the
other Registrant Subsidiaries are not significant.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b>Other Tax Matters</b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy regularly negotiates with the IRS to achieve settlements. The results of all pending
litigations and audit issues could result in significant changes to the amounts of unrecognized tax
benefits as discussed above.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     When Entergy Louisiana, Inc. restructured effective December 31, 2005, Entergy Louisiana
agreed, under the terms of the merger plan, to indemnify its parent, Entergy Louisiana Holdings,
Inc. (formerly, Entergy Louisiana, Inc.) for certain tax obligations that arose from the 2002-2003
IRS partial agreement. Because the agreement with the IRS was settled in the fourth quarter 2009,
Entergy Louisiana paid Entergy Louisiana Holdings approximately $289 million pursuant to these
intercompany obligations in the fourth quarter 2009.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     On November 20, 2009, Entergy Corporation and subsidiaries amended the Entergy Corporation and
Subsidiary Companies Intercompany Income Tax Allocation Agreement such that Entergy Corporation
shall be treated, under all provisions of such Agreement, in a manner that is identical to the
treatment afforded all subsidiaries, direct or indirect, of Entergy Corporation.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In the fourth quarter 2009, Entergy filed Applications for Change in Method of Accounting for
certain costs under Section 263A of the Internal Revenue Code. In the Application, Entergy is
requesting permission to treat the nuclear decommissioning liability associated with the operation
of its nuclear power plants as a production cost properly includable in cost of goods sold. The
effect of this change for Entergy is a $5.7 billion reduction in 2009 taxable income within Entergy
Wholesale Commodities.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In March of 2010, Entergy filed an Application for Change in Accounting Method with the
Internal Revenue Service. In the application Entergy proposed to change the definition of Unit of
Property to determine the appropriate characterization of costs associated with such Unit as
capital or repair under the Internal Revenue Code and related Treasury Regulations. The effect of
this change is an approximate $530 million reduction in 2010 taxable income for Entergy.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="right" style="font-size: 10pt; margin-top: 0pt">
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     During the fourth quarter 2010, Entergy determined that its calculation of certain temporary
differences associated primarily with plant-related basis differences had been either under or
overstated in prior periods and required adjustments to previously reported amounts of accumulated
deferred income taxes and taxes accrued and the offsetting regulatory asset for income taxes.
Entergy has restated its 2009 balance sheet as shown below. Entergy also separately restated its
2009 balance sheet to reclassify an amount from other regulatory liabilities to accumulated
deferred income taxes and taxes accrued. There was no impact on the results of operations or cash
flows as a result of these corrections. The following corrections were made to either increase or
(decrease) the previously reported amounts as of December 31, 2009:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Accumulated</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Regulatory</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Regulatory</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>deferred income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>asset for</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>liability for</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Other</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>taxes and</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>income</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>regulatory</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>taxes accrued</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>taxes
— net</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>taxes
— net</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>liabilities</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="14">(In Millions)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Entergy
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">240</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">197</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($43</td>
<td nowrap="nowrap">)</td>
</tr>
<!-- End Table Body -->
</table>
</div>
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-Name Regulation S-X (SX)
-Number 210
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
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-Name Statement of Financial Accounting Standard (FAS)
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