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Leases
12 Months Ended
Dec. 31, 2021
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.
Entergy Arkansas [Member]  
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.
Entergy Louisiana [Member]  
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.
Entergy Mississippi [Member]  
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.
Entergy New Orleans [Member]  
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.
Entergy Texas [Member]  
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.
System Energy [Member]  
Lessor, Sales-type Leases LEASES  (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
As of December 31, 2021 and 2020, Entergy and the Registrant Subsidiaries held operating and finance leases for fleet vehicles used in operations, real estate, and aircraft. Excluded are power purchase agreements not meeting the definition of a lease, nuclear fuel leases, and the Grand Gulf sale-leaseback which were determined not to be leases under the accounting standards.

Leases have remaining terms of one year to 59 years. Real estate leases generally include at least one five-year renewal option; however, renewal is not typically considered reasonably certain unless Entergy or a Registrant
Subsidiary makes significant leasehold improvements or other modifications that would hinder its ability to easily move. In certain of the lease agreements for fleet vehicles used in operations, Entergy and the Registrant Subsidiaries provide residual value guarantees to the lessor. Due to the nature of the agreements and Entergy’s continuing relationship with the lessor, however, Entergy and the Registrant Subsidiaries expect to renegotiate or refinance the leases prior to conclusion of the lease. As such, Entergy and the Registrant Subsidiaries do not believe it is probable that they will be required to pay anything pertaining to the residual value guarantee, and the lease liabilities and right-of-use assets are measured accordingly.

Entergy incurred the following total lease costs for the years ended December 31, 2021 and 2020:
20212020
(In Thousands)
Operating lease cost$69,067 $67,471 
Finance lease cost:
Amortization of right-of-use assets$12,483 $12,180 
Interest on lease liabilities$2,845 $2,884 

Of the lease costs disclosed above, Entergy had $2.8 million and $759 thousand in short-term leases costs for the years ended December 31, 2021 and 2020, respectively.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$15,087 $14,368 $7,018 $1,745 $5,370 
Finance lease cost:
Amortization of right-of-use assets$2,860 $3,938 $1,766 $731 $1,493 
Interest on lease liabilities$432 $607 $270 $124 $214 

Of the lease costs disclosed above, Entergy Arkansas had $826 thousand, Entergy Louisiana had $934 thousand, Entergy Mississippi had $703 thousand, Entergy New Orleans had $77 thousand, and Entergy Texas had $261 thousand in short-term lease costs for the year ended December 31, 2021.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.

The Registrant Subsidiaries incurred the following lease costs for the year ended December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy
New Orleans
Entergy Texas
(In Thousands)
Operating lease cost$14,344 $13,944 $6,584 $1,443 $4,870 
Finance lease cost:
Amortization of right-of-use assets$2,693 $4,097 $1,627 $712 $1,340 
Interest on lease liabilities$408 $597 $254 $120 $196 
Of the lease costs disclosed above, Entergy Arkansas had $43 thousand and Entergy Louisiana had $719 thousand in short-term lease costs for the year ended December 31, 2020.

The lease costs disclosed above materially approximate the cash flows used by the Registrant Subsidiaries for leases with all costs included within operating activities on the respective Statements of Cash Flows, except for the finance lease costs which are included in financing activities.
Entergy has elected to account for short-term leases in accordance with policy options provided by accounting guidance; therefore, there are no related lease liabilities or right-of-use assets for the costs recognized above by Entergy or by its Registrant Subsidiaries in the table below.

Included within Property, Plant, and Equipment on Entergy’s consolidated balance sheet at December 31, 2021 and 2020 are $212 million and $230 million related to operating leases, respectively, and $67 million and $60 million related to finance leases, respectively.

Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021 and 2020 are the following amounts:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2021
Operating leases$56,099 $46,443 $16,831 $5,480 $14,986 
Finance leases$15,043 $19,007 $9,114 $4,023 $7,583 
2020
Operating leases$55,840 $43,189 $16,538 $5,222 $14,738 
Finance leases$12,447 $16,425 $7,452 $3,428 $5,719 

The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of December 31, 2021 and 2020:
20212020
(In Thousands)
Current liabilities:
Operating leases$59,437 $59,004 
Finance leases$12,988 $11,921 
Non-current liabilities:
Operating leases$152,363 $170,980 
Finance leases$59,320 $52,803 
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$12,695 $12,520 $5,866 $1,491 $4,489 
Finance leases$2,964 $4,001 $1,843 $812 $1,476 
Non-current liabilities:
Operating leases$43,420 $33,931 $10,976 $3,994 $10,505 
Finance leases$12,079 $15,006 $7,271 $3,211 $6,107 

The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
Current liabilities:
Operating leases$11,942 $11,934 $5,738 $1,406 $4,277 
Finance leases$2,660 $3,821 $1,644 $686 $1,327 
Non-current liabilities:
Operating leases$43,914 $31,260 $10,867 $3,819 $10,469 
Finance leases$9,788 $12,603 $5,808 $2,741 $4,392 

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of Entergy at December 31, 2021 and 2020:
20212020
Weighted average remaining lease terms:
Operating leases4.444.82
Finance leases6.186.34
Weighted average discount rate:
Operating leases3.37 %3.58 %
Finance leases3.96 %4.42 %
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2021:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.134.655.365.353.94
Finance leases5.895.575.635.945.97
Weighted average discount rate:
Operating leases3.10 %2.93 %3.00 %2.99 %3.04 %
Finance leases2.80 %3.08 %2.87 %3.03 %2.79 %

The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and finance leases of the Registrant Subsidiaries at December 31, 2020:
Entergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
Weighted average remaining lease terms:
Operating leases5.744.725.305.784.30
Finance leases5.605.205.445.695.39
Weighted average discount rate:
Operating leases3.34 %3.11 %3.43 %3.09 %3.07 %
Finance leases3.18 %3.33 %3.22 %3.35 %3.22 %

Maturity of the lease liabilities for Entergy as of December 31, 2021 are as follows:
YearOperating LeasesFinance Leases
(In Thousands)
2022$65,270 $15,312 
202355,527 14,611 
202448,281 13,296 
202528,174 11,913 
202615,864 10,061 
Years thereafter14,531 15,756 
Minimum lease payments227,647 80,949 
Less: amount representing interest15,847 8,640 
Present value of net minimum lease payments$211,800 $72,309 
Maturity of the lease liabilities for the Registrant Subsidiaries as of December 31, 2021 are as follows:

Operating Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$14,180 $13,706 $6,280 $1,682 $4,888 
202312,713 11,791 4,181 1,441 4,449 
202411,150 9,618 3,174 1,182 3,427 
20259,292 6,694 2,168 773 1,933 
20267,314 4,081 827 398 771 
Years thereafter5,892 3,574 1,924 601 423 
Minimum lease payments60,541 49,464 18,554 6,077 15,891 
Less: amount representing interest4,425 3,013 1,711 592 898 
Present value of net minimum lease payments$56,116 $46,451 $16,843 $5,485 $14,993 

Finance Leases
YearEntergy ArkansasEntergy LouisianaEntergy MississippiEntergy New OrleansEntergy Texas
(In Thousands)
2022$3,319 $4,481 $2,054 $854 $1,637 
20233,100 4,231 1,971 814 1,532 
20242,791 3,671 1,783 712 1,382 
20252,449 3,122 1,529 621 1,256 
20262,018 2,367 1,202 545 1,016 
Years thereafter2,477 2,613 1,220 673 1,296 
Minimum lease payments16,154 20,485 9,759 4,219 8,119 
Less: amount representing interest1,111 1,478 645 196 536 
Present value of net minimum lease payments$15,043 $19,007 $9,114 $4,023 $7,583 

In allocating consideration in lease contracts to the lease and non-lease components, Entergy and the Registrant Subsidiaries have made the accounting policy election to combine lease and non-lease components related to fleet vehicles used in operations, fuel storage agreements, and purchased power agreements and to allocate the contract consideration to both lease and non-lease components for real estate leases.