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Preferred Equity
12 Months Ended
Dec. 31, 2012
Preferred Equity

NOTE 6.   PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

 

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2012 and 2011 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

 

 

 

Shares/Units
Authorized

 

Shares/Units
Outstanding

 

 

 

 

 

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

Entergy Corporation

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

  Utility:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock or Preferred Membership Interests without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Arkansas, 4.32%-6.45% Series

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

$116,350 

 

$116,350 

      Entergy Gulf States Louisiana,
Series A 8.25 %

 


100,000 

 


100,000 

 


100,000 

 


100,000 

 


10,000 

 


10,000 

      Entergy Louisiana, 6.95% Series (a)

 

1,000,000 

 

1,000,000 

 

840,000 

 

840,000 

 

84,000 

 

84,000 

      Entergy Mississippi, 4.36%-6.25% Series

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

50,381 

 

50,381 

      Entergy New Orleans, 4.36%-5.56% Series

 

197,798 

 

197,798 

 

197,798 

 

197,798 

 

19,780 

 

19,780 

Total Utility Preferred Stock or Preferred
Membership Interests without sinking fund

 


6,115,105  

 


6,115,105 

 


5,955,105 

 


5,955,105 

 


280,511 

 


280,511 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Entergy Wholesale Commodities:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Asset Management, 8.95% rate (b)

 

1,000,000  

 

1,000,000 

 

 

 

 

Total Subsidiaries' Preferred Stock
without sinking fund

 


7,115,105  

 


7,115,105 

 


5,955,105 

 


5,955,105 

 


$280,511 

 


$280,511 

 

(a)

In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b)

Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

 

At December 31, 2012 and 2011, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana's option, at the fixed redemption price of $100 per unit.

 

            The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2012 and 2011 are presented below.  All series of the Utility operating companies' preferred stock and membership interests are redeemable at the respective company's option at the call prices presented.  Dividends and distributions paid on all of Entergy's preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.

 

Entergy Arkansas [Member]
 
Preferred Equity

NOTE 6.   PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

 

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2012 and 2011 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

 

 

 

Shares/Units
Authorized

 

Shares/Units
Outstanding

 

 

 

 

 

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

Entergy Corporation

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

  Utility:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock or Preferred Membership Interests without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Arkansas, 4.32%-6.45% Series

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

$116,350 

 

$116,350 

      Entergy Gulf States Louisiana,
Series A 8.25 %

 


100,000 

 


100,000 

 


100,000 

 


100,000 

 


10,000 

 


10,000 

      Entergy Louisiana, 6.95% Series (a)

 

1,000,000 

 

1,000,000 

 

840,000 

 

840,000 

 

84,000 

 

84,000 

      Entergy Mississippi, 4.36%-6.25% Series

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

50,381 

 

50,381 

      Entergy New Orleans, 4.36%-5.56% Series

 

197,798 

 

197,798 

 

197,798 

 

197,798 

 

19,780 

 

19,780 

Total Utility Preferred Stock or Preferred
Membership Interests without sinking fund

 


6,115,105  

 


6,115,105 

 


5,955,105 

 


5,955,105 

 


280,511 

 


280,511 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Entergy Wholesale Commodities:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Asset Management, 8.95% rate (b)

 

1,000,000  

 

1,000,000 

 

 

 

 

Total Subsidiaries' Preferred Stock
without sinking fund

 


7,115,105  

 


7,115,105 

 


5,955,105 

 


5,955,105 

 


$280,511 

 


$280,511 

 

(a)

In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b)

Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

 

At December 31, 2012 and 2011, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana's option, at the fixed redemption price of $100 per unit.

 

            The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2012 and 2011 are presented below.  All series of the Utility operating companies' preferred stock and membership interests are redeemable at the respective company's option at the call prices presented.  Dividends and distributions paid on all of Entergy's preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.

 

Entergy Gulf States Louisiana [Member]
 
Preferred Equity

NOTE 6.   PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

 

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2012 and 2011 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

 

 

 

Shares/Units
Authorized

 

Shares/Units
Outstanding

 

 

 

 

 

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

Entergy Corporation

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

  Utility:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock or Preferred Membership Interests without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Arkansas, 4.32%-6.45% Series

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

$116,350 

 

$116,350 

      Entergy Gulf States Louisiana,
Series A 8.25 %

 


100,000 

 


100,000 

 


100,000 

 


100,000 

 


10,000 

 


10,000 

      Entergy Louisiana, 6.95% Series (a)

 

1,000,000 

 

1,000,000 

 

840,000 

 

840,000 

 

84,000 

 

84,000 

      Entergy Mississippi, 4.36%-6.25% Series

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

50,381 

 

50,381 

      Entergy New Orleans, 4.36%-5.56% Series

 

197,798 

 

197,798 

 

197,798 

 

197,798 

 

19,780 

 

19,780 

Total Utility Preferred Stock or Preferred
Membership Interests without sinking fund

 


6,115,105  

 


6,115,105 

 


5,955,105 

 


5,955,105 

 


280,511 

 


280,511 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Entergy Wholesale Commodities:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Asset Management, 8.95% rate (b)

 

1,000,000  

 

1,000,000 

 

 

 

 

Total Subsidiaries' Preferred Stock
without sinking fund

 


7,115,105  

 


7,115,105 

 


5,955,105 

 


5,955,105 

 


$280,511 

 


$280,511 

 

(a)

In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b)

Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

 

At December 31, 2012 and 2011, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana's option, at the fixed redemption price of $100 per unit.

 

            The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2012 and 2011 are presented below.  All series of the Utility operating companies' preferred stock and membership interests are redeemable at the respective company's option at the call prices presented.  Dividends and distributions paid on all of Entergy's preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.

 

Entergy Louisiana [Member]
 
Preferred Equity

NOTE 6.   PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

 

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2012 and 2011 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

 

 

 

Shares/Units
Authorized

 

Shares/Units
Outstanding

 

 

 

 

 

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

Entergy Corporation

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

  Utility:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock or Preferred Membership Interests without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Arkansas, 4.32%-6.45% Series

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

$116,350 

 

$116,350 

      Entergy Gulf States Louisiana,
Series A 8.25 %

 


100,000 

 


100,000 

 


100,000 

 


100,000 

 


10,000 

 


10,000 

      Entergy Louisiana, 6.95% Series (a)

 

1,000,000 

 

1,000,000 

 

840,000 

 

840,000 

 

84,000 

 

84,000 

      Entergy Mississippi, 4.36%-6.25% Series

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

50,381 

 

50,381 

      Entergy New Orleans, 4.36%-5.56% Series

 

197,798 

 

197,798 

 

197,798 

 

197,798 

 

19,780 

 

19,780 

Total Utility Preferred Stock or Preferred
Membership Interests without sinking fund

 


6,115,105  

 


6,115,105 

 


5,955,105 

 


5,955,105 

 


280,511 

 


280,511 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Entergy Wholesale Commodities:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Asset Management, 8.95% rate (b)

 

1,000,000  

 

1,000,000 

 

 

 

 

Total Subsidiaries' Preferred Stock
without sinking fund

 


7,115,105  

 


7,115,105 

 


5,955,105 

 


5,955,105 

 


$280,511 

 


$280,511 

 

(a)

In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b)

Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

 

At December 31, 2012 and 2011, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana's option, at the fixed redemption price of $100 per unit.

 

            The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2012 and 2011 are presented below.  All series of the Utility operating companies' preferred stock and membership interests are redeemable at the respective company's option at the call prices presented.  Dividends and distributions paid on all of Entergy's preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.

 

Entergy Mississippi [Member]
 
Preferred Equity

NOTE 6.   PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

 

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2012 and 2011 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

 

 

 

Shares/Units
Authorized

 

Shares/Units
Outstanding

 

 

 

 

 

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

Entergy Corporation

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

  Utility:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock or Preferred Membership Interests without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Arkansas, 4.32%-6.45% Series

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

$116,350 

 

$116,350 

      Entergy Gulf States Louisiana,
Series A 8.25 %

 


100,000 

 


100,000 

 


100,000 

 


100,000 

 


10,000 

 


10,000 

      Entergy Louisiana, 6.95% Series (a)

 

1,000,000 

 

1,000,000 

 

840,000 

 

840,000 

 

84,000 

 

84,000 

      Entergy Mississippi, 4.36%-6.25% Series

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

50,381 

 

50,381 

      Entergy New Orleans, 4.36%-5.56% Series

 

197,798 

 

197,798 

 

197,798 

 

197,798 

 

19,780 

 

19,780 

Total Utility Preferred Stock or Preferred
Membership Interests without sinking fund

 


6,115,105  

 


6,115,105 

 


5,955,105 

 


5,955,105 

 


280,511 

 


280,511 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Entergy Wholesale Commodities:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Asset Management, 8.95% rate (b)

 

1,000,000  

 

1,000,000 

 

 

 

 

Total Subsidiaries' Preferred Stock
without sinking fund

 


7,115,105  

 


7,115,105 

 


5,955,105 

 


5,955,105 

 


$280,511 

 


$280,511 

 

(a)

In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b)

Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

 

At December 31, 2012 and 2011, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana's option, at the fixed redemption price of $100 per unit.

 

            The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2012 and 2011 are presented below.  All series of the Utility operating companies' preferred stock and membership interests are redeemable at the respective company's option at the call prices presented.  Dividends and distributions paid on all of Entergy's preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.

 

Entergy New Orleans [Member]
 
Preferred Equity

NOTE 6.   PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

 

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2012 and 2011 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

 

 

 

Shares/Units
Authorized

 

Shares/Units
Outstanding

 

 

 

 

 

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

Entergy Corporation

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

  Utility:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock or Preferred Membership Interests without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Arkansas, 4.32%-6.45% Series

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

3,413,500 

 

$116,350 

 

$116,350 

      Entergy Gulf States Louisiana,
Series A 8.25 %

 


100,000 

 


100,000 

 


100,000 

 


100,000 

 


10,000 

 


10,000 

      Entergy Louisiana, 6.95% Series (a)

 

1,000,000 

 

1,000,000 

 

840,000 

 

840,000 

 

84,000 

 

84,000 

      Entergy Mississippi, 4.36%-6.25% Series

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

1,403,807 

 

50,381 

 

50,381 

      Entergy New Orleans, 4.36%-5.56% Series

 

197,798 

 

197,798 

 

197,798 

 

197,798 

 

19,780 

 

19,780 

Total Utility Preferred Stock or Preferred
Membership Interests without sinking fund

 


6,115,105  

 


6,115,105 

 


5,955,105 

 


5,955,105 

 


280,511 

 


280,511 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Entergy Wholesale Commodities:

 

 

 

 

 

 

 

 

 

 

 

 

    Preferred Stock without sinking fund:

 

 

 

 

 

 

 

 

 

 

 

 

      Entergy Asset Management, 8.95% rate (b)

 

1,000,000  

 

1,000,000 

 

 

 

 

Total Subsidiaries' Preferred Stock
without sinking fund

 


7,115,105  

 


7,115,105 

 


5,955,105 

 


5,955,105 

 


$280,511 

 


$280,511 

 

(a)

In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b)

Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

 

At December 31, 2012 and 2011, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana's option, at the fixed redemption price of $100 per unit.

 

            The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2012 and 2011 are presented below.  All series of the Utility operating companies' preferred stock and membership interests are redeemable at the respective company's option at the call prices presented.  Dividends and distributions paid on all of Entergy's preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.