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Preferred Equity
12 Months Ended
Dec. 31, 2014
Preferred Equity
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, 2014 and 2013 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
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
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 Finance Holding, Inc. 8.75% (b)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
6,365,105

 
6,365,105

 
6,205,105

 
6,205,105

 

$304,760

 

$304,760

 

(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2014. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
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, 2014 and 2013 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%.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (a)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.86

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy New Orleans Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 


(a)
Series is callable at par on and after December 15, 2015.
Entergy Arkansas [Member]  
Preferred Equity
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, 2014 and 2013 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
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
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 Finance Holding, Inc. 8.75% (b)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
6,365,105

 
6,365,105

 
6,205,105

 
6,205,105

 

$304,760

 

$304,760

 

(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2014. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
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, 2014 and 2013 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%.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (a)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.86

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy New Orleans Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 


(a)
Series is callable at par on and after December 15, 2015.
Entergy Gulf States Louisiana [Member]  
Preferred Equity
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, 2014 and 2013 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
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
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 Finance Holding, Inc. 8.75% (b)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
6,365,105

 
6,365,105

 
6,205,105

 
6,205,105

 

$304,760

 

$304,760

 

(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2014. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
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, 2014 and 2013 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%.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (a)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.86

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy New Orleans Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 


(a)
Series is callable at par on and after December 15, 2015.
Entergy Louisiana [Member]  
Preferred Equity
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, 2014 and 2013 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
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
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 Finance Holding, Inc. 8.75% (b)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
6,365,105

 
6,365,105

 
6,205,105

 
6,205,105

 

$304,760

 

$304,760

 

(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2014. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
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, 2014 and 2013 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%.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (a)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.86

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy New Orleans Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 


(a)
Series is callable at par on and after December 15, 2015.
Entergy Mississippi [Member]  
Preferred Equity
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, 2014 and 2013 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
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
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 Finance Holding, Inc. 8.75% (b)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
6,365,105

 
6,365,105

 
6,205,105

 
6,205,105

 

$304,760

 

$304,760

 

(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2014. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
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, 2014 and 2013 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%.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (a)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.86

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy New Orleans Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 


(a)
Series is callable at par on and after December 15, 2015.
Entergy New Orleans [Member]  
Preferred Equity
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, 2014 and 2013 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
 
 
 
 
 
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
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 Finance Holding, Inc. 8.75% (b)
 
250,000

 
250,000

 
250,000

 
250,000

 
24,249

 
24,249

Total Subsidiaries’ Preferred Stock without sinking fund
 
6,365,105

 
6,365,105

 
6,205,105

 
6,205,105

 

$304,760

 

$304,760

 

(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2014. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
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, 2014 and 2013 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%.
 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Arkansas Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (a)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
 
Call Price per
Unit as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy Mississippi Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.86

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
 
Call Price per
Share as of
December 31,
 
 
2014
 
2013
 
2014
 
2013
 
2014
Entergy New Orleans Preferred Stock
 
 
 
 
 
(Dollars in Thousands)
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 


(a)
Series is callable at par on and after December 15, 2015.