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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>NOTE 12. STOCK-BASED COMPENSATION</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy grants stock options and long-term incentive and restricted liability awards to key
employees of the Entergy subsidiaries under its Equity Ownership Plans which are
shareholder-approved stock-based compensation plans. The Equity Ownership Plan, as restated in
February 2003 (2003 Plan), had 715,584 authorized shares remaining for long-term incentive and
restricted liability awards as of December 31, 2010. Effective January 1, 2007, Entergy’s
shareholders approved the 2007 Equity Ownership and Long-Term Cash Incentive Plan (2007 Plan). The
maximum aggregate number of common shares that can be issued from the 2007 Plan for stock-based
awards is 7,000,000 with no more than 2,000,000 available for non-option grants. The 2007 Plan,
which only applies to awards made on or after January 1, 2007, will expire after 10 years. As of
December 31, 2010, there were 1,543,228 authorized shares remaining for stock-based awards, all of
which are available for non-option grants.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b>Stock Options</b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Stock options are granted at exercise prices that equal the closing market price of Entergy
Corporation common stock on the date of grant. Generally, stock options granted will become
exercisable in equal amounts on each of the first three anniversaries of the date of grant. Unless
they are forfeited previously under the terms of the grant, options expire ten years after the date
of the grant if they are not exercised.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table includes financial information for stock options for each of the years
presented:
</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 style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td style="border-bottom: 1px solid #000000"> </td>
<td style="border-bottom: 1px solid #000000"> </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 Millions)</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">Compensation expense included in Entergy’s Consolidated Net Income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">15.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17.0</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax benefit recognized in Entergy’s Consolidated Net Income
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">6.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7.0</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Compensation cost capitalized as part of fixed assets and inventory
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3.0</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy determines the fair value of the stock option grants by considering factors such as
lack of marketability, stock retention requirements, and regulatory restrictions on exercisability
in accordance with accounting standards. The stock option weighted-average assumptions used in
determining the fair values 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="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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Stock price volatility
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">25.73</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">24.39</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">18.9</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected term in years
</div></td>
<td> </td>
<td> </td>
<td align="right">5.46</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.33</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.64</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Risk-free interest rate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.57</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.22</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.77</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividend yield
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.74</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.50</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.96</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividend payment per share
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3.24</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3.00</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">3.00</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Stock price volatility is calculated based upon the weekly public stock price volatility of Entergy
Corporation common stock over the last four to five years. The expected term of the options is
based upon historical option exercises and the weighted average life of options when exercised and
the estimated weighted average life of all vested but unexercised options. In 2008, Entergy
implemented stock ownership guidelines for its senior executive officers. These guidelines require
an executive officer to own shares of Entergy common stock equal to a specified multiple of his or
her salary. Until an executive officer achieves this ownership position the executive officer is
required to retain 75% of the after-tax net profit upon exercise of the option to be held in
Entergy Corporation common stock. The reduction in fair value of the stock options due to this
restriction is based upon an estimate of the call option value of the reinvested gain discounted to
present value over the applicable reinvestment period.
</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">     A summary of stock option activity for the year ended December 31, 2010 and changes during the
year are presented below:
</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> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Weighted-</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </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> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Average</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Aggregate</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Weighted-</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Number</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Exercise</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Intrinsic</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Average</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>of Options</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Price</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Contractual Life</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">Options outstanding as of January 1, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">11,321,071</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">69.64</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Options granted
</div></td>
<td> </td>
<td> </td>
<td align="right">1,407,900</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">77.10</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:15px; text-indent:-15px">Options exercised
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,113,411</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">45.63</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Options forfeited/expired
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(389,835</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">84.35</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </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> </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:15px; text-indent:-15px">Options outstanding as of December 31, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">11,225,725</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">72.45</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td colspan="3" align="center">4.1 years</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> </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"><!-- 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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Options exercisable as of December 31, 2010
</div></td>
<td> </td>
<td> </td>
<td align="right">8,955,247</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">69.67</td>
<td> </td>
<td> </td>
<td colspan="3" align="center" nowrap="nowrap">$10 million</td>
<td> </td>
<td colspan="3" align="center">4.2 years</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Weighted-average grant-date fair value of
options granted during 2010
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">13.18</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>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">The weighted-average grant-date fair value of options granted during the year was $12.47 for 2009
and $14.41 for 2008. The total intrinsic value of stock options exercised was $36.6 million during
2010, $35.6 million during 2009, and $63.7 million during 2008. The intrinsic value, which has no
effect on net income, of the stock options exercised is calculated by the difference in Entergy
Corporation’s common stock price on the date of exercise and the exercise price of the stock
options granted. Because Entergy’s year-end stock price is less than the weighted average exercise
price, the aggregate intrinsic value of outstanding stock options as of December 31, 2010 was zero.
The intrinsic value of “in the money” stock options is $87 million as of December 31, 2010.
Entergy recognizes compensation cost over the vesting period of the options based on their
grant-date fair value. The total fair value of options that vested was approximately $21 million
during 2010, $22 million during 2009, and $18 million during 2008.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table summarizes information about stock options outstanding as of December
31, 2010:
</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="1%"> </td>
<td width="5%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="7%"> </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> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="8" style="border-bottom: 1px solid #000000"><b>Options Outstanding</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>Options Exercisable</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 nowrap="nowrap" align="center" colspan="2"><b>Weighted-Avg.</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Number</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> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Remaining</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Weighted-</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Exercisable</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Weighted-</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="2"><b>Range of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center"><b>As of</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Contractual</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Avg. Exercise</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>as of</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"><b>Avg. Exercise</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Exercise Prices</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" style="border-bottom: 1px solid #000000"><b>12/31/2010</b></td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Life-Yrs.</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Price</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>12/31/2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>Price</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td align="left">$</td>
<td nowrap="nowrap" align="right">37 — $50.99</td>
<td> </td>
<td> </td>
<td align="center" valign="top">2,472,520</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">1.3</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">42.12</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">2,472,520</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">42.12</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td align="left">$</td>
<td nowrap="nowrap" align="right">51 — $64.99</td>
<td> </td>
<td> </td>
<td align="center" valign="top">984,055</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">3.2</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">58.58</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">984,055</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">58.58</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left">$</td>
<td nowrap="nowrap" align="right">65 — $78.99</td>
<td> </td>
<td> </td>
<td align="center" valign="top">4,616,768</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">4.1</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">73.10</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">2,797,769</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">70.40</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td align="left">$</td>
<td nowrap="nowrap" align="right">79 — $91.99</td>
<td> </td>
<td> </td>
<td align="center" valign="top">1,650,516</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">6.1</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">91.81</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">1,650,516</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">91.81</td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td align="left">$</td>
<td nowrap="nowrap" align="right">92 — $108.20</td>
<td> </td>
<td> </td>
<td align="center" valign="top">1,501,866</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">7.1</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">108.20</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">1,050,387</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">108.20</td>
<td valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="center" valign="top" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 1px solid #000000"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td align="left">$</td>
<td nowrap="nowrap" align="right">37 — $108.20</td>
<td> </td>
<td> </td>
<td align="center" valign="top">11,225,725</td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">4.1</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">72.45</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top">8,955,247</td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top">$</td>
<td align="right" valign="top">69.67</td>
<td valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="center" valign="top" style="border-top: 3px double #000000"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" valign="top" style="border-top: 3px double #000000"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Stock-based compensation cost related to non-vested stock options outstanding as of December
31, 2010 not yet recognized is approximately $18 million and is expected to be recognized on a
weighted-average period of 1.8 years.
</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"><u><b>Long-Term Incentive Awards</b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy grants long-term incentive awards earned under its stock benefit plans in the form of
performance units, which are equal to the cash value of shares of Entergy Corporation common stock
at the end of the performance period, which is the last trading day of the year. Performance units
will pay out to the extent that the performance conditions are satisfied. In addition to the
potential for equivalent share appreciation or depreciation, performance units will earn the cash
equivalent of the dividends paid during the three-year performance period applicable to each plan.
The costs of incentive awards are charged to income over the three-year period.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table includes financial information for the long-term incentive awards for each
of the years presented:
</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 Millions)</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">Fair value of long-term incentive awards as of December 31,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10.1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">17.2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">40.9</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Compensation expense included in Entergy’s Consolidated
Net Income for the year
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($0.9</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">5.6</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">19.7</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax benefit
(expense) recognized in Entergy’s Consolidated Net Income for the year
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">($0.4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left">$</td>
<td align="right">2.2</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7.6</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Compensation cost capitalized as part of fixed assets and inventory
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">0.1</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">1.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4.7</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Entergy paid $6.3 million in 2010 for awards earned under the Long-Term Incentive Plan. The
distribution is applicable to the 2007 — 2009 performance period.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt"><u><b>Restricted Awards</b></u>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Entergy grants restricted awards earned under its stock benefit plans in the form of stock
units that are subject to time-based restrictions. The restricted units are equal to the cash
value of shares of Entergy Corporation common stock at the time of vesting. The costs of
restricted awards are charged to income over the restricted period, which varies from grant to
grant. The average vesting period for restricted awards granted is 37 months. As of December 31,
2010, there were 218,921 unvested restricted units that are expected to vest over an average period
of 16 months.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table includes financial information for restricted awards for each of the years
presented:
</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 Millions)</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">Fair value of restricted awards as of December 31,
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">8.3</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">4.6</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">7.5</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Compensation expense included in Entergy’s Consolidated Net Income
for the year
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3.9</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.0</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">2.0</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax benefit recognized in Entergy’s Consolidated Net Income for the year
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1.5</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.8</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.8</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Compensation cost capitalized as part of fixed assets and inventory
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">0.9</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.5</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">0.4</td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">Entergy paid $1.1 million in 2010 for awards under the Restricted Awards Plan.
</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>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Notefalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringDisclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14
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