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Business Segment Information
 12 Months Ended
Dec. 31, 2017
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Arkansas [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Louisiana [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Mississippi [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy New Orleans [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Texas [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
System Energy [Member]  
Business Segment Information
BUSINESS SEGMENT INFORMATION  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi,  Entergy New Orleans, Entergy Texas, and System Energy)

Entergy’s reportable segments as of December 31, 2017 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information is as follows:
2017
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,417,866

 

$1,656,730

 

$—

 

($115
)
 

$11,074,481

Asset write-offs, impairments, and related charges
 

$—

 

$538,372

 

$—

 

$—

 

$538,372

Depreciation, amortization, & decommissioning
 

$1,345,906

 

$448,079

 

$1,678

 

$—

 

$1,795,663

Interest and investment income
 

$218,317

 

$224,121

 

$21,669

 

($175,910
)
 

$288,197

Interest expense
 

$547,301

 

$23,714

 

$139,619

 

($48,291
)
 

$662,343

Income taxes
 

$794,616

 

($146,480
)
 

($105,566
)
 

$—

 

$542,570

Consolidated net income (loss)
 

$773,148

 

($172,335
)
 

($47,840
)
 

($127,620
)
 

$425,353

Total assets
 

$42,978,669

 

$5,638,009

 

$1,011,612

 

($2,921,141
)
 

$46,707,149

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,680,513

 

$320,667

 

$438

 

$—

 

$4,001,618


2016
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$8,996,106

 

$1,849,638

 

$—

 

($99
)
 

$10,845,645

Asset write-offs, impairments, and related charges
 

$—

 

$2,835,637

 

$—

 

$—

 

$2,835,637

Depreciation, amortization, & decommissioning
 

$1,298,043

 

$374,922

 

$1,647

 

$—

 

$1,674,612

Interest and investment income
 

$189,994

 

$108,466

 

$27,385

 

($180,718
)
 

$145,127

Interest expense
 

$557,546

 

$22,858

 

$139,090

 

($53,124
)
 

$666,370

Income taxes
 

$424,388

 

($1,192,263
)
 

($49,384
)
 

$—

 

($817,259
)
Consolidated net income (loss)
 

$1,151,133

 

($1,493,124
)
 

($94,917
)
 

($127,595
)
 

($564,503
)
Total assets
 

$41,098,751

 

$6,696,038

 

$1,283,816

 

($3,174,171
)
 

$45,904,434

Investment in affiliates - at equity
 

$198

 

$—

 

$—

 

$—

 

$198

Cash paid for long-lived asset additions
 

$3,754,225

 

$289,639

 

$393

 

$—

 

$4,044,257


2015
 
 
 
Utility
 
Entergy Wholesale Commodities*
 
 
 
All Other
 
 
 
Eliminations
 
 
 
Consolidated
 
 
(In Thousands)
Operating revenues
 

$9,451,486

 

$2,061,827

 

$—

 

($62
)
 

$11,513,251

Asset write-offs, impairments, and related charges
 

$68,672

 

$2,036,234

 

$—

 

$—

 

$2,104,906

Depreciation, amortization, & decommissioning
 

$1,238,832

 

$376,560

 

$2,156

 

$—

 

$1,617,548

Interest and investment income
 

$191,546

 

$148,654

 

$34,303

 

($187,441
)
 

$187,062

Interest expense
 

$543,132

 

$26,788

 

$129,750

 

($56,201
)
 

$643,469

Income taxes
 

$16,761

 

($610,339
)
 

($49,349
)
 

$—

 

($642,927
)
Consolidated net income (loss)
 

$1,114,516

 

($1,065,657
)
 

($74,353
)
 

($131,240
)
 

($156,734
)
Total assets
 

$38,356,906

 

$8,210,183

 

($461,505
)
 

($1,457,903
)
 

$44,647,681

Investment in affiliates - at equity
 

$199

 

$4,142

 

$—

 

$—

 

$4,341

Cash paid for long-lived asset additions
 

$2,495,194

 

$569,824

 

$236

 

$—

 

$3,065,254


Businesses marked with * are sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity.  Almost all of Entergy’s goodwill is related to the Utility segment.

On December 29, 2014, the Vermont Yankee plant ceased power production and entered its decommissioning phase. In December 2015, Rhode Island State Energy Center, a natural gas-fired combined cycle generating plant, was sold. In October 2015 management announced the intention to shutdown the FitzPatrick plant in 2017 and the Pilgrim plant in 2019, earlier than previously expected. In 2016 management announced the planned sale of Vermont Yankee in 2018, the planned sale of FitzPatrick in 2017, and the planned amendment of the Consumers Energy PPA to terminate early, in May 2018, and the subsequent plan to shut down the Palisades plant in 2018, earlier than expected. In January 2017 management announced a settlement with New York State to shut down Indian Point 2 in 2020 and Indian Point 3 in 2021, both earlier than expected. In March 2017 the FitzPatrick plant was sold to Exelon. In September 2017 management announced the termination of the PPA amendment agreement with Consumers Energy and the revised plan to continue to operate Palisades under the current PPA and to shut down Palisades permanently on May 31, 2022.

Management expects these transactions to result in the cessation of merchant power generation at all Entergy Wholesale Commodities nuclear power plants owned and operated by Entergy by 2022. Entergy will continue to have the obligation to decommission the nuclear plants owned by Entergy.
 
These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions. The employee retention and severance expenses and other benefits-related costs, and contracted economic development contributions are included in "Other operation and maintenance" in the consolidated statement of operations.

Total restructuring charges in 2017 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2017
 

$70

 

$21

 

$91

Restructuring costs accrued
 
113

 
—

 
113

Non-cash portion
 
—

 
(7
)
 
(7
)
Cash paid out
 
100

 
—

 
100

Balance as of December 31, 2017
 

$83

 

$14

 

$97


Total restructuring charges in 2016 were comprised of the following:
 
 
Employee retention and severance expenses and other benefits-related costs

 
Contracted economic development costs
 
Total
 
 
(In Millions)
Balance as of January 1, 2016
 

$—

 

$—

 

$—

Restructuring costs accrued
 
74

 
21

 
95

Non-cash portion
 
(3
)
 
—

 
(3
)
Cash paid out
 
1

 
—

 
1

Balance as of December 31, 2016
 

$70

 

$21

 

$91



In addition, Entergy Wholesale Commodities incurred $0.5 billion in 2017 and $2.8 billion in 2016 of impairment and other related charges associated with these strategic decisions and transactions. See Note 14 to the financial statements for further discussion of these impairment charges.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses of approximately $165 million in 2018 and approximately $205 million from 2019 through mid-2022 associated with these strategic transactions.

Geographic Areas

For the years ended December 31, 2017, 2016, and 2015, the amount of revenue Entergy derived from outside of the United States was insignificant.  As of December 31, 2017 and 2016, Entergy had no long-lived assets located outside of the United States.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.