PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, 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, 2017 and 2016 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
	2017	2016	2017	2016	2017		2016
Entergy Corporation					(Dollars in Thousands)
Utility:
Preferred Stock or Preferred Membership Interests without sinking fund:
Entergy Arkansas, 4.32%-4.72% Series	313,500	313,500	313,500	313,500		$31,350		$31,350
Entergy Utility Holding Company, LLC, 7.5% Series (a)	110,000	110,000	110,000	110,000	107,425		107,425
Entergy Utility Holding Company, LLC, 6.25% Series (b)	15,000	—	15,000	—	14,398		—
Entergy Mississippi, 4.36%-4.92% Series	203,807	203,807	203,807	203,807	20,381		20,381
Entergy New Orleans, 4.36%-5.56% Series	—	197,798	—	197,798	—		19,780
Total Utility Preferred Stock or Preferred Membership Interests without sinking fund	642,307	825,105	642,307	825,105	173,554		178,936
Entergy Wholesale Commodities:
Preferred Stock without sinking fund:
Entergy Finance Holding, Inc. 8.75% (c)	250,000	250,000	250,000	250,000	24,249		24,249
Total Subsidiaries’ Preferred Stock without sinking fund	892,307	1,075,105	892,307	1,075,105		$197,803		$203,185


(a)	Dollar amount outstanding is net of $2,575 thousand of preferred stock issuance costs.


(b)	Dollar amount outstanding is net of $602 thousand of preferred stock issuance costs.


(c)	Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In November 2017, Entergy Utility Holding Company, LLC issued 15,000 shares of $1,000 par value 6.25% Series B Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after February 28, 2038, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

In October 2015, Entergy Utility Holding Company, LLC issued 110,000 shares of $1,000 par value 7.5% Series A Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after January 1, 2036, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

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, 2017. 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 for Entergy Arkansas, Entergy Mississippi, and Entergy New Orleans as of December 31, 2017 and 2016 are presented below. All series of the Utility operating companies’ preferred stock 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.



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	313,500	313,500		$31,350		$31,350



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	203,807	203,807		$20,381		$20,381



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
Entergy New Orleans Preferred Stock			(Dollars in Thousands)
Without sinking fund:
Cumulative, $100 par value:
4.36% Series (a)	—	60,000		$—		$6,000		$—
4.75% Series (a)	—	77,798	—		7,780			$—
5.56% Series (a)	—	60,000	—		6,000			$—
Total without sinking fund	—	197,798		$—		$19,780


(a)	In November 2017, Entergy New Orleans redeemed its $6 million of 4.36% Series, $7.8 million of 4.75% Series, and $6 million of 5.56% Series of preferred membership interests as part of a multi-step internal restructuring.

Preferred Equity

PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, 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, 2017 and 2016 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
	2017	2016	2017	2016	2017		2016
Entergy Corporation					(Dollars in Thousands)
Utility:
Preferred Stock or Preferred Membership Interests without sinking fund:
Entergy Arkansas, 4.32%-4.72% Series	313,500	313,500	313,500	313,500		$31,350		$31,350
Entergy Utility Holding Company, LLC, 7.5% Series (a)	110,000	110,000	110,000	110,000	107,425		107,425
Entergy Utility Holding Company, LLC, 6.25% Series (b)	15,000	—	15,000	—	14,398		—
Entergy Mississippi, 4.36%-4.92% Series	203,807	203,807	203,807	203,807	20,381		20,381
Entergy New Orleans, 4.36%-5.56% Series	—	197,798	—	197,798	—		19,780
Total Utility Preferred Stock or Preferred Membership Interests without sinking fund	642,307	825,105	642,307	825,105	173,554		178,936
Entergy Wholesale Commodities:
Preferred Stock without sinking fund:
Entergy Finance Holding, Inc. 8.75% (c)	250,000	250,000	250,000	250,000	24,249		24,249
Total Subsidiaries’ Preferred Stock without sinking fund	892,307	1,075,105	892,307	1,075,105		$197,803		$203,185


(a)	Dollar amount outstanding is net of $2,575 thousand of preferred stock issuance costs.


(b)	Dollar amount outstanding is net of $602 thousand of preferred stock issuance costs.


(c)	Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In November 2017, Entergy Utility Holding Company, LLC issued 15,000 shares of $1,000 par value 6.25% Series B Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after February 28, 2038, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

In October 2015, Entergy Utility Holding Company, LLC issued 110,000 shares of $1,000 par value 7.5% Series A Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after January 1, 2036, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

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, 2017. 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 for Entergy Arkansas, Entergy Mississippi, and Entergy New Orleans as of December 31, 2017 and 2016 are presented below. All series of the Utility operating companies’ preferred stock 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.



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	313,500	313,500		$31,350		$31,350



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	203,807	203,807		$20,381		$20,381



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
Entergy New Orleans Preferred Stock			(Dollars in Thousands)
Without sinking fund:
Cumulative, $100 par value:
4.36% Series (a)	—	60,000		$—		$6,000		$—
4.75% Series (a)	—	77,798	—		7,780			$—
5.56% Series (a)	—	60,000	—		6,000			$—
Total without sinking fund	—	197,798		$—		$19,780


(a)	In November 2017, Entergy New Orleans redeemed its $6 million of 4.36% Series, $7.8 million of 4.75% Series, and $6 million of 5.56% Series of preferred membership interests as part of a multi-step internal restructuring.

Preferred Equity

PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, 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, 2017 and 2016 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
	2017	2016	2017	2016	2017		2016
Entergy Corporation					(Dollars in Thousands)
Utility:
Preferred Stock or Preferred Membership Interests without sinking fund:
Entergy Arkansas, 4.32%-4.72% Series	313,500	313,500	313,500	313,500		$31,350		$31,350
Entergy Utility Holding Company, LLC, 7.5% Series (a)	110,000	110,000	110,000	110,000	107,425		107,425
Entergy Utility Holding Company, LLC, 6.25% Series (b)	15,000	—	15,000	—	14,398		—
Entergy Mississippi, 4.36%-4.92% Series	203,807	203,807	203,807	203,807	20,381		20,381
Entergy New Orleans, 4.36%-5.56% Series	—	197,798	—	197,798	—		19,780
Total Utility Preferred Stock or Preferred Membership Interests without sinking fund	642,307	825,105	642,307	825,105	173,554		178,936
Entergy Wholesale Commodities:
Preferred Stock without sinking fund:
Entergy Finance Holding, Inc. 8.75% (c)	250,000	250,000	250,000	250,000	24,249		24,249
Total Subsidiaries’ Preferred Stock without sinking fund	892,307	1,075,105	892,307	1,075,105		$197,803		$203,185


(a)	Dollar amount outstanding is net of $2,575 thousand of preferred stock issuance costs.


(b)	Dollar amount outstanding is net of $602 thousand of preferred stock issuance costs.


(c)	Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In November 2017, Entergy Utility Holding Company, LLC issued 15,000 shares of $1,000 par value 6.25% Series B Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after February 28, 2038, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

In October 2015, Entergy Utility Holding Company, LLC issued 110,000 shares of $1,000 par value 7.5% Series A Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after January 1, 2036, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

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, 2017. 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 for Entergy Arkansas, Entergy Mississippi, and Entergy New Orleans as of December 31, 2017 and 2016 are presented below. All series of the Utility operating companies’ preferred stock 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.



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	313,500	313,500		$31,350		$31,350



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	203,807	203,807		$20,381		$20,381



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
Entergy New Orleans Preferred Stock			(Dollars in Thousands)
Without sinking fund:
Cumulative, $100 par value:
4.36% Series (a)	—	60,000		$—		$6,000		$—
4.75% Series (a)	—	77,798	—		7,780			$—
5.56% Series (a)	—	60,000	—		6,000			$—
Total without sinking fund	—	197,798		$—		$19,780


(a)	In November 2017, Entergy New Orleans redeemed its $6 million of 4.36% Series, $7.8 million of 4.75% Series, and $6 million of 5.56% Series of preferred membership interests as part of a multi-step internal restructuring.

Preferred Equity

PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, 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, 2017 and 2016 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
	2017	2016	2017	2016	2017		2016
Entergy Corporation					(Dollars in Thousands)
Utility:
Preferred Stock or Preferred Membership Interests without sinking fund:
Entergy Arkansas, 4.32%-4.72% Series	313,500	313,500	313,500	313,500		$31,350		$31,350
Entergy Utility Holding Company, LLC, 7.5% Series (a)	110,000	110,000	110,000	110,000	107,425		107,425
Entergy Utility Holding Company, LLC, 6.25% Series (b)	15,000	—	15,000	—	14,398		—
Entergy Mississippi, 4.36%-4.92% Series	203,807	203,807	203,807	203,807	20,381		20,381
Entergy New Orleans, 4.36%-5.56% Series	—	197,798	—	197,798	—		19,780
Total Utility Preferred Stock or Preferred Membership Interests without sinking fund	642,307	825,105	642,307	825,105	173,554		178,936
Entergy Wholesale Commodities:
Preferred Stock without sinking fund:
Entergy Finance Holding, Inc. 8.75% (c)	250,000	250,000	250,000	250,000	24,249		24,249
Total Subsidiaries’ Preferred Stock without sinking fund	892,307	1,075,105	892,307	1,075,105		$197,803		$203,185


(a)	Dollar amount outstanding is net of $2,575 thousand of preferred stock issuance costs.


(b)	Dollar amount outstanding is net of $602 thousand of preferred stock issuance costs.


(c)	Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.

In November 2017, Entergy Utility Holding Company, LLC issued 15,000 shares of $1,000 par value 6.25% Series B Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after February 28, 2038, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

In October 2015, Entergy Utility Holding Company, LLC issued 110,000 shares of $1,000 par value 7.5% Series A Preferred Membership Interests, all of which are outstanding as of December 31, 2017. The distributions are cumulative and payable quarterly. These units are redeemable on or after January 1, 2036, at Entergy Utility Holding Company, LLC’s option, at the fixed redemption price of $1,000 per share.

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, 2017. 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 for Entergy Arkansas, Entergy Mississippi, and Entergy New Orleans as of December 31, 2017 and 2016 are presented below. All series of the Utility operating companies’ preferred stock 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.



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	313,500	313,500		$31,350		$31,350



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
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
Total without sinking fund	203,807	203,807		$20,381		$20,381



	Shares Authorized and Outstanding						Call Price per Share as of December 31,
	2017	2016	2017		2016		2017
Entergy New Orleans Preferred Stock			(Dollars in Thousands)
Without sinking fund:
Cumulative, $100 par value:
4.36% Series (a)	—	60,000		$—		$6,000		$—
4.75% Series (a)	—	77,798	—		7,780			$—
5.56% Series (a)	—	60,000	—		6,000			$—
Total without sinking fund	—	197,798		$—		$19,780


(a)	In November 2017, Entergy New Orleans redeemed its $6 million of 4.36% Series, $7.8 million of 4.75% Series, and $6 million of 5.56% Series of preferred membership interests as part of a multi-step internal restructuring.