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   &lt;!-- Begin Block Tagged Note 15 - etr:AcquisitionsAndDispositionsTextBlock--&gt;
   &lt;div style="font-family: 'Times New Roman',Times,serif"&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;NOTE 15. ACQUISITIONS AND DISPOSITIONS&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&lt;b&gt;Calcasieu&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In March&amp;#160;2008, Entergy Gulf States Louisiana purchased the Calcasieu Generating Facility, a
   322 MW simple-cycle gas-fired power plant located near the city of Sulphur in southwestern
   Louisiana, for approximately $56&amp;#160;million from a subsidiary of Dynegy, Inc. Entergy Gulf States
   Louisiana received the plant, materials and supplies, SO&lt;sub style="font-size: 85%; vertical-align: text-bottom"&gt;2&lt;/sub&gt; emission allowances, and
   related real estate in the transaction. The FERC and the LPSC approved the acquisition.
   &lt;/div&gt;
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   &lt;div style="font-family: 'Times New Roman',Times,serif"&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 0pt"&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Ouachita&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In September&amp;#160;2008, Entergy Arkansas purchased the Ouachita Plant, a 789 MW three-train
   gas-fired combined cycle generating turbine (CCGT)&amp;#160;electric power plant located 20 miles south of
   the Arkansas state line near Sterlington, Louisiana, for approximately $210&amp;#160;million from a
   subsidiary of Cogentrix Energy, Inc. Entergy Arkansas received the plant, materials and supplies,
   and related real estate in the transaction. The FERC and the APSC approved the acquisition. The
   APSC also approved the recovery of the acquisition and ownership costs through a rate rider and the
   planned sale of one-third of the capacity and energy to Entergy Gulf States Louisiana.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The LPSC also approved the purchase of one-third of the capacity and energy by Entergy Gulf
   States Louisiana, subject to certain conditions, including a study to determine the costs and
   benefits of Entergy Gulf States Louisiana exercising an option to purchase one-third of the plant
   (Unit 3) from Entergy Arkansas. In April&amp;#160;2009, Entergy Gulf States Louisiana made a filing with
   the LPSC seeking approval of Entergy Gulf States Louisiana exercising its option to convert its
   purchased power agreement into the ownership interest in Unit 3 and a one-third interest in the
   Ouachita common facilities. In September&amp;#160;2009 the LPSC, pursuant to an uncontested settlement,
   approved the acquisition and a cost recovery mechanism. Entergy Gulf States Louisiana purchased
   Unit 3 and a one-third interest in the Ouachita common facilities for $75&amp;#160;million in November&amp;#160;2009.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Palisades Purchased Power Agreement&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Entergy&amp;#8217;s purchase of the Palisades plant in 2007 included a unit-contingent, 15-year
   purchased power agreement (PPA)&amp;#160;with Consumers Energy for 100% of the plant&amp;#8217;s output, excluding any
   future uprates. Prices under the PPA range from $43.50/MWh in 2007 to $61.50/MWh in 2022, and the
   average price under the PPA is $51/MWh. For the PPA, which was at below-market prices at the time
   of the acquisition, Entergy will amortize a liability to revenue over the life of the agreement.
   The amount that will be amortized each period is based upon the difference between the present
   value calculated at the date of acquisition of each year&amp;#8217;s difference between revenue under the
   agreement and revenue based on estimated market prices. Amounts amortized to revenue were $46
   million in 2010, $53&amp;#160;million in 2009, and $76&amp;#160;million in 2008. The amounts to be amortized to
   revenue for the next five years will be $43&amp;#160;million for 2011, $17&amp;#160;million in 2012, $18&amp;#160;million for
   2013, $16&amp;#160;million for 2014, and $15&amp;#160;million for 2015.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;NYPA Value Sharing Agreements&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Entergy&amp;#8217;s purchase of the FitzPatrick and Indian Point 3 plants from NYPA included value
   sharing agreements with NYPA. In October&amp;#160;2007, Entergy and NYPA amended and restated the value
   sharing agreements to clarify and amend certain provisions of the original terms. Under the
   amended value sharing agreements, Entergy will make annual payments to NYPA based on the generation
   output of the Indian Point 3 and FitzPatrick plants from January&amp;#160;2007 through December&amp;#160;2014.
   Entergy will pay NYPA $6.59 per MWh for power sold from Indian Point 3, up to an annual cap of $48
   million, and $3.91 per MWh for power sold from FitzPatrick, up to an annual cap of $24&amp;#160;million.
   The annual payment for each year&amp;#8217;s output is due by January&amp;#160;15 of the following year. Entergy will
   record its liability for payments to NYPA as power is generated and sold by Indian Point 3 and
   FitzPatrick. An amount equal to the liability will be recorded to the plant asset account as
   contingent purchase price consideration for the plants. In 2010, 2009, and 2008, Entergy Wholesale
   Commodities recorded $72&amp;#160;million as plant for generation during each of those years. This amount
   will be depreciated over the expected remaining useful life of the plants.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&lt;u&gt;&lt;b&gt;Asset Dispositions&lt;/b&gt;&lt;/u&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Harrison County&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In the fourth quarter 2010, Entergy sold its ownership interest in the Harrison County Power
   Project 550 MW combined-cycle plant to two Texas electric cooperatives that owned a minority share
   of the Marshall, Texas
   unit. Entergy sold its 61&amp;#160;percent share of the plant for $219&amp;#160;million and realized a gain of $44.2
   million ($27.2&amp;#160;million net-of-tax) on the sale.
   &lt;/div&gt;
   &lt;!-- Folio --&gt;
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   &lt;/div&gt;
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   &lt;div style="font-family: 'Times New Roman',Times,serif"&gt;
   &lt;div align="right" style="font-size: 10pt; margin-top: 0pt"&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Entergy-Koch Businesses&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In the fourth quarter 2004, Entergy-Koch sold its energy trading and pipeline businesses to
   third parties. The sales came after a review of strategic alternatives for enhancing the value of
   Entergy-Koch. Entergy received $862&amp;#160;million of cash distributions in 2004 from Entergy-Koch after
   the business sales. Due to the November&amp;#160;2006 expiration of contingencies on the sale of
   Entergy-Koch&amp;#8217;s trading business, and the corresponding release to Entergy-Koch of sales proceeds
   held in escrow, Entergy recorded a gain related to its Entergy-Koch investment of approximately $55
   million, net-of-tax, in the fourth quarter 2006 and received additional cash distributions of
   approximately $163&amp;#160;million. In December&amp;#160;2009, Entergy reorganized its investment in Entergy-Koch,
   received a $25.6&amp;#160;million cash distribution, and received a distribution of certain software owned
   by the joint venture.
   &lt;/div&gt;
   &lt;/div&gt;
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