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   &lt;!-- Begin Block Tagged Note 11 - us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock--&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 11. PROPERTY, PLANT, AND EQUIPMENT&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&lt;u&gt;&lt;b&gt;Construction Expenditures in Accounts Payable&lt;/b&gt;&lt;/u&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;Construction expenditures included in accounts payable at March&amp;#160;31, 2011 are $131.3&amp;#160;million
   for Entergy.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&lt;u&gt;&lt;b&gt;Vermont Yankee&lt;/b&gt;&lt;/u&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;See &lt;u&gt;&lt;b&gt;Impairment of Long-Lived Assets&lt;/b&gt;&lt;/u&gt; in Note 1 to the financial statements in the Form
   10-K, including a discussion of the Vermont Yankee nuclear power plant. Following are updates to
   that discussion.
   &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;2011 the NRC renewed Vermont Yankee&amp;#8217;s operating license for an additional 20&amp;#160;years,
   as a result of which the license now expires in 2032.
   &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;On April&amp;#160;18, 2011, Entergy Nuclear Vermont Yankee, the owner of Vermont Yankee, and Entergy
   Nuclear Operations, the operator of Vermont Yankee, filed a complaint in the United States District
   Court for the District of Vermont seeking a declaratory judgment and injunctive relief to prevent
   the state of Vermont from forcing Vermont Yankee to cease operation on March&amp;#160;21, 2012.
   Specifically the complaint asserts, in part, the following:
   &lt;/div&gt;
   &lt;div style="margin-top: 6pt"&gt;
   &lt;table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"&gt;
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       &lt;td width="2%" style="background: transparent"&gt;&amp;#160;&lt;/td&gt;
       &lt;td width="3%" nowrap="nowrap" align="left"&gt;&lt;b&gt;&amp;#8226;&lt;/b&gt;&lt;/td&gt;
       &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;Atomic Energy Act Preemption. Under the Supremacy Clause of the U.S. Constitution,
   the U.S. Supreme Court held in 1983 that a state has no authority over (1)&amp;#160;nuclear
   power plant licensing and operations or (2)&amp;#160;the radiological safety of a nuclear power
   plant. In violation of these legal principles, Vermont has asserted that it can shut
   down a federally licensed and operating nuclear power plant, and that it can regulate
   the plant based upon Vermont&amp;#8217;s safety concerns.&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr&gt;
       &lt;td style="font-size: 6pt"&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"&gt;
       &lt;td width="2%" style="background: transparent"&gt;&amp;#160;&lt;/td&gt;
       &lt;td width="3%" nowrap="nowrap" align="left"&gt;&lt;b&gt;&amp;#8226;&lt;/b&gt;&lt;/td&gt;
       &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;Federal Power Act Preemption and the Commerce Clause of the U.S. Constitution.
   Vermont is prohibited from conditioning post-March&amp;#160;2012 operation of Vermont Yankee on
   the plant&amp;#8217;s agreement to provide power to Vermont utilities at preferential wholesale
   rates. The Federal Power
   Act preempts any state interference with the FERC&amp;#8217;s exclusive regulation of rates in
   the wholesale power market. The Commerce Clause of the U.S. Constitution bars a
   state from discriminatory regulation of private markets that favors in-state over
   out-of-state residents.&lt;/td&gt;
   &lt;/tr&gt;
   &lt;/table&gt;
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;In addition to seeking a declaratory judgment, the complaint also requests a preliminary and
   permanent injunction enjoining the enforcement of Vermont statutes, regulations, or other laws
   purporting to regulate the operation and licensing and/or the radiological safety of Vermont
   Yankee; enjoining Vermont and its officials from undertaking any steps, based on denial of a
   certificate of public good, to shutdown Vermont Yankee, to prevent Vermont Yankee from delivering
   power to the interstate grid, or to prohibit the storage at Vermont Yankee of spent nuclear fuel;
   and enjoining Vermont and its officials from conditioning Vermont Yankee&amp;#8217;s continued operation upon
   Entergy Nuclear Vermont Yankee&amp;#8217;s agreement to provide below-market wholesale electricity rates to
   Vermont retail utilities. On April&amp;#160;22, 2011, Entergy Nuclear Vermont Yankee and Entergy Nuclear
   Operations filed in the proceeding a motion for a preliminary injunction.
   &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;As discussed further in the Form 10-K, after evaluating various factors if Entergy concludes
   that Vermont Yankee is unlikely to operate significantly beyond its original license expiration
   date in 2012, it could result in an impairment of part or all of the carrying value of the plant.
   In preparing its first quarter 2011 financial statements Entergy evaluated these factors and
   concluded that the carrying value of Vermont Yankee is not impaired as of March&amp;#160;31, 2011. As of
   March&amp;#160;31, 2011, the net carrying value of the plant, including nuclear fuel, is $420&amp;#160;million.
   &lt;/div&gt;
   &lt;/div&gt;
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 -Publisher AICPA
 -Name Accounting Principles Board Opinion (APB)
 -Number 12
 -Paragraph 5

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