Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy Corporation and Subsidiaries consist of the following:

	2021	2020	2019
	(In Thousands)
Current:
Federal	($5,003)	$5,807	($14,416)
State	(8,995)	57,939	6,535
Total	(13,998)	63,746	(7,881)
Deferred and non-current - net	205,891	(190,635)	(155,956)
Investment tax credit adjustments - net	(519)	5,383	(5,988)
Income taxes	$191,374	($121,506)	($169,825)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reasons for the differences for the years 2021, 2020, and 2019 are:

	2021		2020		2019
	(In Thousands)
Net income attributable to Entergy Corporation	$1,118,492		$1,388,334		$1,241,226
Preferred dividend requirements of subsidiaries	227		18,319		17,018
Consolidated net income	1,118,719		1,406,653		1,258,244
Income taxes	191,374		(121,506)		(169,825)
Income before income taxes	$1,310,093		$1,285,147		$1,088,419
Computed at statutory rate (21%)	$275,120		$269,881		$228,568
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	79,273		60,087		61,791
Regulatory differences - utility plant items	(57,556)		(53,229)		(45,336)
Equity component of AFUDC	(14,799)		(25,080)		(30,444)
Amortization of investment tax credits	(7,695)		(8,386)		(8,093)
Flow-through / permanent differences	(5,585)		11,099		(2,059)
Amortization of excess ADIT (a)	(66,478)		(59,629)		(205,614)
Arkansas and Louisiana Rate Changes (b)	(27,108)		—		—
IRS audit adjustment (d)	—		(301,041)		—
Entergy Wholesale Commodities restructuring (c)	—		(9,223)		(173,725)
Stock compensation (e)	—		(25,591)		—
Charitable contribution (c)	—		—		(19,101)
Net operating loss recognition	—		—		(41,427)
Provision for uncertain tax positions	16,533		15,208		7,332
Valuation allowance	(2,600)		—		59,345
Other - net	2,269		4,398		(1,062)
Total income taxes as reported	$191,374		($121,506)		($169,825)
Effective Income Tax Rate	14.6	%	(9.5	%)	(15.6	%)

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020, and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Other Tax Matters - Entergy Wholesale Commodities Restructuring” below for discussion of the Entergy Wholesale Commodities restructuring in 2019, the ownership of Palisades restructuring in 2020, and the charitable contribution in 2019.

(d)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(e)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for Entergy Corporation and Subsidiaries as of December 31, 2021 and 2020 are as follows:

	2021	2020
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($6,136,563)	($4,795,422)
Regulatory assets	(930,244)	(429,996)
Nuclear decommissioning trusts/receivables	(656,185)	(1,188,235)
Pension, net regulatory asset	(322,788)	(327,445)
Combined unitary state taxes	(7,255)	(7,723)
Unbilled/deferred revenues	—	(9,152)
Accumulated storm damage provision	(207,243)	—
Deferred fuel	(85,310)	(7,667)
Other	(341,450)	(549,355)
Total	(8,687,038)	(7,314,995)
Deferred tax assets:
Nuclear decommissioning liabilities	278,136	968,464
Regulatory liabilities	1,318,381	791,927
Pension and other post-employment benefits	208,128	278,486
Sale and leaseback	102,474	102,477
Compensation	79,798	89,279
Accumulated deferred investment tax credit	57,986	57,379
Provision for allowances and contingencies	82,286	71,598
Power purchase agreements	55,259	352,019
Unbilled/deferred revenues	26,683	—
Net operating loss carryforwards	2,868,424	1,580,109
Capital losses and miscellaneous tax credits	11,111	21,291
Valuation allowance	(325,239)	(328,581)
Other	200,032	230,291
Total	4,963,459	4,214,739
Non-current accrued taxes (including unrecognized tax benefits)	(929,032)	(1,185,227)
Accumulated deferred income taxes and taxes accrued	($4,652,611)	($4,285,483)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

Entergy’s estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

Carryover Description	Carryover Amount	Year(s) of expiration
Federal net operating losses before 1/1/2018	$6.2 billion	2023-2027
Federal net operating losses - 1/1/2018 forward	$21.1 billion	N/A
State net operating losses	$7.4 billion	2022-2041
State net operating losses with no expiration	$16.7 billion	N/A
Federal and state charitable contributions	$460.8 million	2022-2026
Miscellaneous federal and state credits	$73.1 million	2022-2041

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of Entergy’s beginning and ending amount of unrecognized tax benefits is as follows:

	2021	2020	2019
	(In Thousands)
Gross balance at January 1	$5,699,339	$7,383,154	$7,181,482
Additions based on tax positions related to the current year	101,623	669,207	731,276
Additions for tax positions of prior years	33,419	98,591	151,628
Reductions for tax positions of prior years	(74,413)	(935,735)	(681,232)
Settlements	—	(1,515,878)	—
Gross balance at December 31	5,759,968	5,699,339	7,383,154
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(4,987,799)	(4,710,214)	(5,831,587)
Cash paid to taxing authorities	(60,000)	(10,000)	(10,000)
Unrecognized tax benefits net of unused tax attributes, refund claims and payments (a)	$712,169	$979,125	$1,541,567

(a)Potential tax liability above what is payable on tax returns

Entergy Arkansas [Member]

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy’s Registrant Subsidiaries consist of the following:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($20,285)	($24,053)	($5,868)	($6,724)	($189)	$29,416
State	529	2,459	(11,506)	(413)	1,261	(10,258)
Total	(19,756)	(21,594)	(17,374)	(7,137)	1,072	19,158
Deferred and non-current - net	96,180	146,786	60,861	12,870	25,087	(25,229)
Investment tax credit adjustments - net	(1,229)	(4,783)	1,836	203	(633)	4,094
Income taxes	$75,195	$120,409	$45,323	$5,936	$25,526	($1,977)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($44,627)	$62,728	($14,580)	$293	($5,603)	$372,206
State	(2,563)	4,457	(1,316)	(303)	2,658	55,551
Total	(47,190)	67,185	(15,896)	(10)	(2,945)	427,757
Deferred and non-current - net	96,195	(444,647)	43,640	(18,153)	6,619	(405,928)
Investment tax credit adjustments - net	(1,228)	(4,862)	(554)	13,956	(632)	(1,286)
Income taxes	$47,777	($382,324)	$27,190	($4,207)	$3,042	$20,543

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($14,549)	($20,173)	($8,939)	($5,822)	$16,035	$16,256
State	(714)	(735)	5,823	1,856	663	(2,831)
Total	(15,263)	(20,908)	(3,116)	(3,966)	16,698	13,425
Deferred and non-current - net	(30,278)	147,453	34,579	4,248	(69,963)	422
Investment tax credit adjustments - net	(1,228)	(4,922)	(597)	(96)	(631)	1,502
Income taxes	($46,769)	$121,623	$30,866	$186	($53,896)	$15,349

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes.  The reasons for the differences for the years 2021, 2020, and 2019 are:

2021	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$298,484		$653,984		$166,834		$31,798		$228,824		$106,814
Income taxes	75,195		120,409		45,323		5,936		25,526		(1,977)
Pretax income	$373,679		$774,393		$212,157		$37,734		$254,350		$104,837
Computed at statutory rate (21%)	$78,473		$162,623		$44,553		$7,924		$53,413		$22,016
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,633		41,030		9,305		2,579		1,553		5,385
Regulatory differences - utility plant items	(16,078)		(14,123)		(8,133)		(4,332)		(2,115)		(12,776)
Equity component of AFUDC	(3,207)		(6,016)		(1,701)		(498)		(2,077)		(1,300)
Amortization of investment tax credits	(1,201)		(4,729)		64		(56)		(617)		(1,155)
Flow-through / permanent differences	(814)		(2,655)		124		1,559		(475)		(1,235)
Amortization of excess ADIT (a)	(5,845)		(24,323)		—		(1,028)		(21,929)		(13,354)
Arkansas and Louisiana Rate Changes (b)	398		(6,126)		395		(1,569)		216		115
Non-taxable dividend income	—		(26,801)		—		—		—		—
Provision for uncertain tax positions	353		300		465		1,200		(2,716)		200
Valuation Allowance	2,766		—		—		—		—		—
Other - net	717		1,229		251		157		273		127
Total income taxes as reported	$75,195		$120,409		$45,323		$5,936		$25,526		($1,977)
Effective Income Tax Rate	20.1	%	15.5	%	21.4	%	15.7	%	10.0	%	(1.9	%)

2020	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$245,232		$1,082,352		$140,583		$49,338		$215,073		$99,131
Income taxes	47,777		(382,324)		27,190		(4,207)		3,042		20,543
Pretax income	$293,009		$700,028		$167,773		$45,131		$218,115		$119,674
Computed at statutory rate (21%)	$61,532		$147,006		$35,232		$9,478		$45,804		$25,132
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	16,256		38,182		6,917		2,606		1,460		5,524
Regulatory differences - utility plant items	(8,034)		(23,819)		(7,441)		(3,442)		(7,673)		(2,821)
Equity component of AFUDC	(3,154)		(8,012)		(1,412)		(1,331)		(9,255)		(1,916)
Amortization of investment tax credits	(1,201)		(4,811)		(540)		(61)		(617)		(1,155)
Flow-through / permanent differences	(2,219)		1,404		(102)		498		766		(421)
Amortization of excess ADIT (a)	(6,011)		(26,293)		18		(4,564)		(22,780)		—
Stock compensation (d)	(4,952)		(9,004)		(2,763)		(1,526)		(2,842)		(1,300)
IRS audit adjustment (c)	(6,351)		(471,702)		(3,768)		(6,819)		(2,091)		(2,925)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	1,200		300		800		800		—		300
Other - net	711		1,220		249		154		270		125
Total income taxes as reported	$47,777		($382,324)		$27,190		($4,207)		$3,042		$20,543
Effective Income Tax Rate	16.3	%	(54.6	%)	16.2	%	(9.3	%)	1.4	%	17.2	%

2019	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$262,964		$691,537		$119,925		$52,629		$159,397		$99,120
Income taxes	(46,769)		121,623		30,866		186		(53,896)		15,349
Pretax income	$216,195		$813,160		$150,791		$52,815		$105,501		$114,469
Computed at statutory rate (21%)	$45,401		$170,764		$31,666		$11,091		$22,155		$24,039
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,954		42,854		5,563		3,443		360		5,134
Regulatory differences - utility plant items	(10,627)		(19,421)		(5,556)		(1,532)		(1,987)		(6,213)
Equity component of AFUDC	(3,255)		(15,545)		(1,755)		(2,088)		(5,973)		(1,829)
Amortization of investment tax credits	(1,201)		(4,871)		(160)		(88)		(617)		(1,155)
Flow-through / permanent differences	696		439		160		(741)		560		(500)
Amortization of excess ADIT (a)	(90,921)		(28,531)		203		(11,724)		(69,091)		(5,550)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	(3,517)		1,519		500		1,672		430		1,300
Other - net	701		1,210		245		153		267		123
Total income taxes as reported	($46,769)		$121,623		$30,866		$186		($53,896)		$15,349
Effective Income Tax Rate	(21.6	%)	15.0	%	20.5	%	0.4	%	(51.1	%)	13.4	%

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020 and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(d)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2021 and 2020 are as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,158,523)	($3,429,473)	($681,968)	($192,660)	($654,252)	($433,874)
Regulatory assets	(226,687)	(530,274)	(34,799)	(30,694)	(45,470)	(61,205)
Nuclear decommissioning trusts/receivables	(175,882)	(186,382)	—	—	—	(153,610)
Pension, net regulatory asset	(92,881)	(93,681)	(22,253)	(11,429)	(19,914)	(18,033)
Deferred fuel	(27,497)	(13,686)	(30,409)	(1,600)	(10,139)	(49)
Accumulated storm damage provision	—	(193,967)	—	—	(13,276)	—
Other	(77,820)	(138,299)	(29,108)	(33,071)	(2,526)	(5,622)
Total	(1,759,290)	(4,585,762)	(798,537)	(269,454)	(745,577)	(672,393)
Deferred tax assets:
Regulatory liabilities	310,256	634,184	59,418	36,057	55,022	224,036
Nuclear decommissioning liabilities	123,568	(909)	1	(433)	94	9,432
Pension and other post-employment benefits	(26,577)	73,006	(7,793)	(16,090)	(18,793)	(1,925)
Sale and leaseback	—	—	—	—	—	102,474
Accumulated deferred investment tax credit	7,518	30,666	2,723	4,391	1,958	10,729
Provision for allowances and contingencies	24,829	21,768	10,236	5,559	7,730	—
Power purchase agreements	—	—	1,140	—	(1,202)	—
Unbilled/deferred revenues	3,331	9,919	2,306	971	10,196	—
Compensation	3,347	5,288	2,181	1,036	1,618	447
Net operating loss carryforwards	275,054	1,228,547	166,008	105,549	81	—
Capital losses and miscellaneous tax credits	—	5,141	1,258	10,977	883	1,958
Other	19,397	5,968	2,891	7,788	863	2
Total	740,723	2,013,578	240,369	155,805	58,450	347,153
Non-current accrued taxes (including unrecognized tax benefits)	(397,634)	138,330	(161,929)	(251,735)	(5,369)	(57,691)
Accumulated deferred income taxes and taxes accrued	($1,416,201)	($2,433,854)	($720,097)	($365,384)	($692,496)	($382,931)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,117,948)	($2,481,976)	($623,796)	($83,457)	($620,669)	($407,125)
Regulatory assets	(188,284)	(95,135)	(22,381)	(20,276)	(47,684)	(56,496)
Nuclear decommissioning trusts/receivables	(156,123)	(148,040)	—	—	—	(131,985)
Pension, net funding	(93,486)	(95,854)	(24,922)	(11,564)	(19,481)	(20,330)
Deferred fuel	—	(4,210)	(1,706)	(1,393)	—	(314)
Other	(54,753)	(76,735)	(27,565)	(26,334)	(141)	(12,521)
Total	(1,610,594)	(2,901,950)	(700,370)	(143,024)	(687,975)	(628,771)
Deferred tax assets:
Regulatory liabilities	273,774	218,278	56,022	31,248	47,991	163,534
Nuclear decommissioning liabilities	123,319	7,767	—	(419)	121	29,916
Pension and other post-employment benefits	(24,747)	72,724	(6,763)	(13,997)	(17,132)	(1,344)
Sale and leaseback	—	—	—	—	—	102,477
Accumulated deferred investment tax credit	7,971	31,155	2,261	4,197	2,088	9,706
Provision for allowances and contingencies	22,179	7,071	16,799	24,529	(4,094)	—
Power purchase agreements	9,662	3,381	1,140	(5,324)	(30,932)	—
Unbilled/deferred revenues	4,242	(23,382)	2,989	877	5,909	—
Compensation	2,264	3,240	1,670	761	1,308	48
Net operating loss carryforwards	119,555	363,806	54,262	26,564	53,052	—
Capital losses and miscellaneous tax credits	—	9,309	—	12,317	—	7,014
Other	16,036	6,958	3,507	8,128	2,232	2
Total	554,255	700,307	131,887	88,881	60,543	311,353
Non-current accrued taxes (including unrecognized tax benefits)	(229,784)	63,121	(78,191)	(284,571)	(11,990)	(42,417)
Accumulated deferred income taxes and taxes accrued	($1,286,123)	($2,138,522)	($646,674)	($338,714)	($639,422)	($359,835)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— billion	$1.7 billion	$— billion	$0.9 billion	$— billion	$— billion
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$4.5 billion	$4.5 billion	$2.1 billion	$0.7 billion	$2.6 billion	$— billion
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$4.8 billion	$7.2 billion	$2.3 billion	$1.7 billion	$— million	$— million
Year(s) of expiration	2023-2026	N/A	2038-2041	N/A	N/A	N/A
Misc. federal credits	$4.7 million	$12.3 million	$1.8 million	$15.3 million	$3.1 million	$1.5 million
Year(s) of expiration	2038-2041	2035-2041	2038-2041	2037-2041	2036-2041	2036-2041
State credits	$— million	$— million	$1.3 million	$—million	$2.9 million	$9 million
Year(s) of expiration	N/A	N/A	2022-2025	N/A	2027	2022-2025

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2021, 2020, and 2019 is as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2021	$1,364,635	$640,295	$549,717	$639,546	$521,932	$21,652
Additions based on tax positions related to the current year	30,419	13,437	684	1,050	32,616	1,753
Additions for tax positions of prior years	15,013	9,304	1,504	6	2,315	1,897
Reductions for tax positions of prior years	(1,573)	(58,408)	(2,336)	(1,105)	(4,568)	(1,946)
Gross balance at December 31, 2021	1,408,494	604,628	549,569	639,497	552,295	23,356
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(992,643)	(604,628)	(388,728)	(484,899)	(540,694)	(8,576)
Unrecognized tax benefits net of unused tax attributes and payments	$415,851	$—	$160,841	$154,598	$11,601	$14,780

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2020	$1,341,242	$2,381,653	$566,287	$716,773	$21,406	$473,331
Additions based on tax positions related to the current year (a)	9,403	35,681	5,619	2,430	504,362	4,013
Additions for tax positions of prior years	13,400	10,508	1,156	294	799	4,606
Reductions for tax positions of prior years	(11,346)	(679,601)	(24,173)	(80,267)	(5,559)	(41,466)
Settlements	11,936	(1,107,946)	828	316	924	(418,832)
Gross balance at December 31, 2020	1,364,635	640,295	549,717	639,546	521,932	21,652
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,112,628)	(640,295)	(465,679)	(451,922)	(507,720)	(7,413)
Unrecognized tax benefits net of unused tax attributes and payments	$252,007	$—	$84,038	$187,624	$14,212	$14,239

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2019	$1,298,662	$2,400,171	$508,765	$686,687	$17,802	$467,487
Additions based on tax positions related to the current year	84,335	28,705	68,594	40,676	2,312	5,496
Additions for tax positions of prior years	20,399	25,090	1,651	489	1,299	2,186
Reductions for tax positions of prior years	(62,154)	(72,313)	(12,723)	(11,079)	(7)	(1,838)
Gross balance at December 31, 2019	1,341,242	2,381,653	566,287	716,773	21,406	473,331
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,134,187)	(1,573,257)	(506,976)	(445,430)	(3,944)	(8,392)
Unrecognized tax benefits net of unused tax attributes and payments	$207,055	$808,396	$59,311	$271,343	$17,462	$464,939

(a)The primary additions for Entergy Texas in 2020 are related to the mark-to-market treatment discussed in “Other Tax Matters - Tax Accounting Methods” below.

Summary Of Unrecognized Tax Benefits That Would Affect Effective Income Tax Rate

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$262.1	$259.3	$203.3
Entergy Louisiana	$66.3	$63.8	$556.3
Entergy Mississippi	$51.7	$50.7	$1.9
Entergy New Orleans	$228.6	$203.5	$242.7
Entergy Texas	$2.6	$6.1	$5.7
System Energy	$1.7	$0.5	$—

Summary Of Accrued Interest And Penalties Related To Unrecognized Tax Benefits

Accrued balances for the possible payment of interest related to unrecognized tax benefits are as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$2.7	$2.3	$3.1
Entergy Louisiana	$3.7	$3.4	$14.2
Entergy Mississippi	$2.4	$1.9	$1.7
Entergy New Orleans	$5.2	$3.9	$4.7
Entergy Texas	$1.1	$0.9	$1.1
System Energy	$12.1	$11.9	$14.5

Summary of Interest on Income Taxes Expense Related to Unrecognized Tax Benefits

Interest (net-of-tax) was recorded as follows:

	2021	2020	2019
	(In Millions)
Entergy Arkansas	$0.4	($0.8)	$1.4
Entergy Louisiana	$0.3	($10.8)	($3.7)
Entergy Mississippi	$0.5	$0.2	$0.5
Entergy New Orleans	$1.3	($0.8)	$2.0
Entergy Texas	$0.2	($0.2)	$0.2
System Energy	$0.2	($2.6)	$1.3

Entergy Louisiana [Member]

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy’s Registrant Subsidiaries consist of the following:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($20,285)	($24,053)	($5,868)	($6,724)	($189)	$29,416
State	529	2,459	(11,506)	(413)	1,261	(10,258)
Total	(19,756)	(21,594)	(17,374)	(7,137)	1,072	19,158
Deferred and non-current - net	96,180	146,786	60,861	12,870	25,087	(25,229)
Investment tax credit adjustments - net	(1,229)	(4,783)	1,836	203	(633)	4,094
Income taxes	$75,195	$120,409	$45,323	$5,936	$25,526	($1,977)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($44,627)	$62,728	($14,580)	$293	($5,603)	$372,206
State	(2,563)	4,457	(1,316)	(303)	2,658	55,551
Total	(47,190)	67,185	(15,896)	(10)	(2,945)	427,757
Deferred and non-current - net	96,195	(444,647)	43,640	(18,153)	6,619	(405,928)
Investment tax credit adjustments - net	(1,228)	(4,862)	(554)	13,956	(632)	(1,286)
Income taxes	$47,777	($382,324)	$27,190	($4,207)	$3,042	$20,543

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($14,549)	($20,173)	($8,939)	($5,822)	$16,035	$16,256
State	(714)	(735)	5,823	1,856	663	(2,831)
Total	(15,263)	(20,908)	(3,116)	(3,966)	16,698	13,425
Deferred and non-current - net	(30,278)	147,453	34,579	4,248	(69,963)	422
Investment tax credit adjustments - net	(1,228)	(4,922)	(597)	(96)	(631)	1,502
Income taxes	($46,769)	$121,623	$30,866	$186	($53,896)	$15,349

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes.  The reasons for the differences for the years 2021, 2020, and 2019 are:

2021	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$298,484		$653,984		$166,834		$31,798		$228,824		$106,814
Income taxes	75,195		120,409		45,323		5,936		25,526		(1,977)
Pretax income	$373,679		$774,393		$212,157		$37,734		$254,350		$104,837
Computed at statutory rate (21%)	$78,473		$162,623		$44,553		$7,924		$53,413		$22,016
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,633		41,030		9,305		2,579		1,553		5,385
Regulatory differences - utility plant items	(16,078)		(14,123)		(8,133)		(4,332)		(2,115)		(12,776)
Equity component of AFUDC	(3,207)		(6,016)		(1,701)		(498)		(2,077)		(1,300)
Amortization of investment tax credits	(1,201)		(4,729)		64		(56)		(617)		(1,155)
Flow-through / permanent differences	(814)		(2,655)		124		1,559		(475)		(1,235)
Amortization of excess ADIT (a)	(5,845)		(24,323)		—		(1,028)		(21,929)		(13,354)
Arkansas and Louisiana Rate Changes (b)	398		(6,126)		395		(1,569)		216		115
Non-taxable dividend income	—		(26,801)		—		—		—		—
Provision for uncertain tax positions	353		300		465		1,200		(2,716)		200
Valuation Allowance	2,766		—		—		—		—		—
Other - net	717		1,229		251		157		273		127
Total income taxes as reported	$75,195		$120,409		$45,323		$5,936		$25,526		($1,977)
Effective Income Tax Rate	20.1	%	15.5	%	21.4	%	15.7	%	10.0	%	(1.9	%)

2020	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$245,232		$1,082,352		$140,583		$49,338		$215,073		$99,131
Income taxes	47,777		(382,324)		27,190		(4,207)		3,042		20,543
Pretax income	$293,009		$700,028		$167,773		$45,131		$218,115		$119,674
Computed at statutory rate (21%)	$61,532		$147,006		$35,232		$9,478		$45,804		$25,132
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	16,256		38,182		6,917		2,606		1,460		5,524
Regulatory differences - utility plant items	(8,034)		(23,819)		(7,441)		(3,442)		(7,673)		(2,821)
Equity component of AFUDC	(3,154)		(8,012)		(1,412)		(1,331)		(9,255)		(1,916)
Amortization of investment tax credits	(1,201)		(4,811)		(540)		(61)		(617)		(1,155)
Flow-through / permanent differences	(2,219)		1,404		(102)		498		766		(421)
Amortization of excess ADIT (a)	(6,011)		(26,293)		18		(4,564)		(22,780)		—
Stock compensation (d)	(4,952)		(9,004)		(2,763)		(1,526)		(2,842)		(1,300)
IRS audit adjustment (c)	(6,351)		(471,702)		(3,768)		(6,819)		(2,091)		(2,925)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	1,200		300		800		800		—		300
Other - net	711		1,220		249		154		270		125
Total income taxes as reported	$47,777		($382,324)		$27,190		($4,207)		$3,042		$20,543
Effective Income Tax Rate	16.3	%	(54.6	%)	16.2	%	(9.3	%)	1.4	%	17.2	%

2019	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$262,964		$691,537		$119,925		$52,629		$159,397		$99,120
Income taxes	(46,769)		121,623		30,866		186		(53,896)		15,349
Pretax income	$216,195		$813,160		$150,791		$52,815		$105,501		$114,469
Computed at statutory rate (21%)	$45,401		$170,764		$31,666		$11,091		$22,155		$24,039
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,954		42,854		5,563		3,443		360		5,134
Regulatory differences - utility plant items	(10,627)		(19,421)		(5,556)		(1,532)		(1,987)		(6,213)
Equity component of AFUDC	(3,255)		(15,545)		(1,755)		(2,088)		(5,973)		(1,829)
Amortization of investment tax credits	(1,201)		(4,871)		(160)		(88)		(617)		(1,155)
Flow-through / permanent differences	696		439		160		(741)		560		(500)
Amortization of excess ADIT (a)	(90,921)		(28,531)		203		(11,724)		(69,091)		(5,550)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	(3,517)		1,519		500		1,672		430		1,300
Other - net	701		1,210		245		153		267		123
Total income taxes as reported	($46,769)		$121,623		$30,866		$186		($53,896)		$15,349
Effective Income Tax Rate	(21.6	%)	15.0	%	20.5	%	0.4	%	(51.1	%)	13.4	%

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020 and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(d)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2021 and 2020 are as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,158,523)	($3,429,473)	($681,968)	($192,660)	($654,252)	($433,874)
Regulatory assets	(226,687)	(530,274)	(34,799)	(30,694)	(45,470)	(61,205)
Nuclear decommissioning trusts/receivables	(175,882)	(186,382)	—	—	—	(153,610)
Pension, net regulatory asset	(92,881)	(93,681)	(22,253)	(11,429)	(19,914)	(18,033)
Deferred fuel	(27,497)	(13,686)	(30,409)	(1,600)	(10,139)	(49)
Accumulated storm damage provision	—	(193,967)	—	—	(13,276)	—
Other	(77,820)	(138,299)	(29,108)	(33,071)	(2,526)	(5,622)
Total	(1,759,290)	(4,585,762)	(798,537)	(269,454)	(745,577)	(672,393)
Deferred tax assets:
Regulatory liabilities	310,256	634,184	59,418	36,057	55,022	224,036
Nuclear decommissioning liabilities	123,568	(909)	1	(433)	94	9,432
Pension and other post-employment benefits	(26,577)	73,006	(7,793)	(16,090)	(18,793)	(1,925)
Sale and leaseback	—	—	—	—	—	102,474
Accumulated deferred investment tax credit	7,518	30,666	2,723	4,391	1,958	10,729
Provision for allowances and contingencies	24,829	21,768	10,236	5,559	7,730	—
Power purchase agreements	—	—	1,140	—	(1,202)	—
Unbilled/deferred revenues	3,331	9,919	2,306	971	10,196	—
Compensation	3,347	5,288	2,181	1,036	1,618	447
Net operating loss carryforwards	275,054	1,228,547	166,008	105,549	81	—
Capital losses and miscellaneous tax credits	—	5,141	1,258	10,977	883	1,958
Other	19,397	5,968	2,891	7,788	863	2
Total	740,723	2,013,578	240,369	155,805	58,450	347,153
Non-current accrued taxes (including unrecognized tax benefits)	(397,634)	138,330	(161,929)	(251,735)	(5,369)	(57,691)
Accumulated deferred income taxes and taxes accrued	($1,416,201)	($2,433,854)	($720,097)	($365,384)	($692,496)	($382,931)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,117,948)	($2,481,976)	($623,796)	($83,457)	($620,669)	($407,125)
Regulatory assets	(188,284)	(95,135)	(22,381)	(20,276)	(47,684)	(56,496)
Nuclear decommissioning trusts/receivables	(156,123)	(148,040)	—	—	—	(131,985)
Pension, net funding	(93,486)	(95,854)	(24,922)	(11,564)	(19,481)	(20,330)
Deferred fuel	—	(4,210)	(1,706)	(1,393)	—	(314)
Other	(54,753)	(76,735)	(27,565)	(26,334)	(141)	(12,521)
Total	(1,610,594)	(2,901,950)	(700,370)	(143,024)	(687,975)	(628,771)
Deferred tax assets:
Regulatory liabilities	273,774	218,278	56,022	31,248	47,991	163,534
Nuclear decommissioning liabilities	123,319	7,767	—	(419)	121	29,916
Pension and other post-employment benefits	(24,747)	72,724	(6,763)	(13,997)	(17,132)	(1,344)
Sale and leaseback	—	—	—	—	—	102,477
Accumulated deferred investment tax credit	7,971	31,155	2,261	4,197	2,088	9,706
Provision for allowances and contingencies	22,179	7,071	16,799	24,529	(4,094)	—
Power purchase agreements	9,662	3,381	1,140	(5,324)	(30,932)	—
Unbilled/deferred revenues	4,242	(23,382)	2,989	877	5,909	—
Compensation	2,264	3,240	1,670	761	1,308	48
Net operating loss carryforwards	119,555	363,806	54,262	26,564	53,052	—
Capital losses and miscellaneous tax credits	—	9,309	—	12,317	—	7,014
Other	16,036	6,958	3,507	8,128	2,232	2
Total	554,255	700,307	131,887	88,881	60,543	311,353
Non-current accrued taxes (including unrecognized tax benefits)	(229,784)	63,121	(78,191)	(284,571)	(11,990)	(42,417)
Accumulated deferred income taxes and taxes accrued	($1,286,123)	($2,138,522)	($646,674)	($338,714)	($639,422)	($359,835)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— billion	$1.7 billion	$— billion	$0.9 billion	$— billion	$— billion
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$4.5 billion	$4.5 billion	$2.1 billion	$0.7 billion	$2.6 billion	$— billion
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$4.8 billion	$7.2 billion	$2.3 billion	$1.7 billion	$— million	$— million
Year(s) of expiration	2023-2026	N/A	2038-2041	N/A	N/A	N/A
Misc. federal credits	$4.7 million	$12.3 million	$1.8 million	$15.3 million	$3.1 million	$1.5 million
Year(s) of expiration	2038-2041	2035-2041	2038-2041	2037-2041	2036-2041	2036-2041
State credits	$— million	$— million	$1.3 million	$—million	$2.9 million	$9 million
Year(s) of expiration	N/A	N/A	2022-2025	N/A	2027	2022-2025

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2021, 2020, and 2019 is as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2021	$1,364,635	$640,295	$549,717	$639,546	$521,932	$21,652
Additions based on tax positions related to the current year	30,419	13,437	684	1,050	32,616	1,753
Additions for tax positions of prior years	15,013	9,304	1,504	6	2,315	1,897
Reductions for tax positions of prior years	(1,573)	(58,408)	(2,336)	(1,105)	(4,568)	(1,946)
Gross balance at December 31, 2021	1,408,494	604,628	549,569	639,497	552,295	23,356
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(992,643)	(604,628)	(388,728)	(484,899)	(540,694)	(8,576)
Unrecognized tax benefits net of unused tax attributes and payments	$415,851	$—	$160,841	$154,598	$11,601	$14,780

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2020	$1,341,242	$2,381,653	$566,287	$716,773	$21,406	$473,331
Additions based on tax positions related to the current year (a)	9,403	35,681	5,619	2,430	504,362	4,013
Additions for tax positions of prior years	13,400	10,508	1,156	294	799	4,606
Reductions for tax positions of prior years	(11,346)	(679,601)	(24,173)	(80,267)	(5,559)	(41,466)
Settlements	11,936	(1,107,946)	828	316	924	(418,832)
Gross balance at December 31, 2020	1,364,635	640,295	549,717	639,546	521,932	21,652
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,112,628)	(640,295)	(465,679)	(451,922)	(507,720)	(7,413)
Unrecognized tax benefits net of unused tax attributes and payments	$252,007	$—	$84,038	$187,624	$14,212	$14,239

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2019	$1,298,662	$2,400,171	$508,765	$686,687	$17,802	$467,487
Additions based on tax positions related to the current year	84,335	28,705	68,594	40,676	2,312	5,496
Additions for tax positions of prior years	20,399	25,090	1,651	489	1,299	2,186
Reductions for tax positions of prior years	(62,154)	(72,313)	(12,723)	(11,079)	(7)	(1,838)
Gross balance at December 31, 2019	1,341,242	2,381,653	566,287	716,773	21,406	473,331
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,134,187)	(1,573,257)	(506,976)	(445,430)	(3,944)	(8,392)
Unrecognized tax benefits net of unused tax attributes and payments	$207,055	$808,396	$59,311	$271,343	$17,462	$464,939

(a)The primary additions for Entergy Texas in 2020 are related to the mark-to-market treatment discussed in “Other Tax Matters - Tax Accounting Methods” below.

Summary Of Unrecognized Tax Benefits That Would Affect Effective Income Tax Rate

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$262.1	$259.3	$203.3
Entergy Louisiana	$66.3	$63.8	$556.3
Entergy Mississippi	$51.7	$50.7	$1.9
Entergy New Orleans	$228.6	$203.5	$242.7
Entergy Texas	$2.6	$6.1	$5.7
System Energy	$1.7	$0.5	$—

Summary Of Accrued Interest And Penalties Related To Unrecognized Tax Benefits

Accrued balances for the possible payment of interest related to unrecognized tax benefits are as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$2.7	$2.3	$3.1
Entergy Louisiana	$3.7	$3.4	$14.2
Entergy Mississippi	$2.4	$1.9	$1.7
Entergy New Orleans	$5.2	$3.9	$4.7
Entergy Texas	$1.1	$0.9	$1.1
System Energy	$12.1	$11.9	$14.5

Summary of Interest on Income Taxes Expense Related to Unrecognized Tax Benefits

Interest (net-of-tax) was recorded as follows:

	2021	2020	2019
	(In Millions)
Entergy Arkansas	$0.4	($0.8)	$1.4
Entergy Louisiana	$0.3	($10.8)	($3.7)
Entergy Mississippi	$0.5	$0.2	$0.5
Entergy New Orleans	$1.3	($0.8)	$2.0
Entergy Texas	$0.2	($0.2)	$0.2
System Energy	$0.2	($2.6)	$1.3

Entergy Mississippi [Member]

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy’s Registrant Subsidiaries consist of the following:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($20,285)	($24,053)	($5,868)	($6,724)	($189)	$29,416
State	529	2,459	(11,506)	(413)	1,261	(10,258)
Total	(19,756)	(21,594)	(17,374)	(7,137)	1,072	19,158
Deferred and non-current - net	96,180	146,786	60,861	12,870	25,087	(25,229)
Investment tax credit adjustments - net	(1,229)	(4,783)	1,836	203	(633)	4,094
Income taxes	$75,195	$120,409	$45,323	$5,936	$25,526	($1,977)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($44,627)	$62,728	($14,580)	$293	($5,603)	$372,206
State	(2,563)	4,457	(1,316)	(303)	2,658	55,551
Total	(47,190)	67,185	(15,896)	(10)	(2,945)	427,757
Deferred and non-current - net	96,195	(444,647)	43,640	(18,153)	6,619	(405,928)
Investment tax credit adjustments - net	(1,228)	(4,862)	(554)	13,956	(632)	(1,286)
Income taxes	$47,777	($382,324)	$27,190	($4,207)	$3,042	$20,543

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($14,549)	($20,173)	($8,939)	($5,822)	$16,035	$16,256
State	(714)	(735)	5,823	1,856	663	(2,831)
Total	(15,263)	(20,908)	(3,116)	(3,966)	16,698	13,425
Deferred and non-current - net	(30,278)	147,453	34,579	4,248	(69,963)	422
Investment tax credit adjustments - net	(1,228)	(4,922)	(597)	(96)	(631)	1,502
Income taxes	($46,769)	$121,623	$30,866	$186	($53,896)	$15,349

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes.  The reasons for the differences for the years 2021, 2020, and 2019 are:

2021	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$298,484		$653,984		$166,834		$31,798		$228,824		$106,814
Income taxes	75,195		120,409		45,323		5,936		25,526		(1,977)
Pretax income	$373,679		$774,393		$212,157		$37,734		$254,350		$104,837
Computed at statutory rate (21%)	$78,473		$162,623		$44,553		$7,924		$53,413		$22,016
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,633		41,030		9,305		2,579		1,553		5,385
Regulatory differences - utility plant items	(16,078)		(14,123)		(8,133)		(4,332)		(2,115)		(12,776)
Equity component of AFUDC	(3,207)		(6,016)		(1,701)		(498)		(2,077)		(1,300)
Amortization of investment tax credits	(1,201)		(4,729)		64		(56)		(617)		(1,155)
Flow-through / permanent differences	(814)		(2,655)		124		1,559		(475)		(1,235)
Amortization of excess ADIT (a)	(5,845)		(24,323)		—		(1,028)		(21,929)		(13,354)
Arkansas and Louisiana Rate Changes (b)	398		(6,126)		395		(1,569)		216		115
Non-taxable dividend income	—		(26,801)		—		—		—		—
Provision for uncertain tax positions	353		300		465		1,200		(2,716)		200
Valuation Allowance	2,766		—		—		—		—		—
Other - net	717		1,229		251		157		273		127
Total income taxes as reported	$75,195		$120,409		$45,323		$5,936		$25,526		($1,977)
Effective Income Tax Rate	20.1	%	15.5	%	21.4	%	15.7	%	10.0	%	(1.9	%)

2020	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$245,232		$1,082,352		$140,583		$49,338		$215,073		$99,131
Income taxes	47,777		(382,324)		27,190		(4,207)		3,042		20,543
Pretax income	$293,009		$700,028		$167,773		$45,131		$218,115		$119,674
Computed at statutory rate (21%)	$61,532		$147,006		$35,232		$9,478		$45,804		$25,132
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	16,256		38,182		6,917		2,606		1,460		5,524
Regulatory differences - utility plant items	(8,034)		(23,819)		(7,441)		(3,442)		(7,673)		(2,821)
Equity component of AFUDC	(3,154)		(8,012)		(1,412)		(1,331)		(9,255)		(1,916)
Amortization of investment tax credits	(1,201)		(4,811)		(540)		(61)		(617)		(1,155)
Flow-through / permanent differences	(2,219)		1,404		(102)		498		766		(421)
Amortization of excess ADIT (a)	(6,011)		(26,293)		18		(4,564)		(22,780)		—
Stock compensation (d)	(4,952)		(9,004)		(2,763)		(1,526)		(2,842)		(1,300)
IRS audit adjustment (c)	(6,351)		(471,702)		(3,768)		(6,819)		(2,091)		(2,925)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	1,200		300		800		800		—		300
Other - net	711		1,220		249		154		270		125
Total income taxes as reported	$47,777		($382,324)		$27,190		($4,207)		$3,042		$20,543
Effective Income Tax Rate	16.3	%	(54.6	%)	16.2	%	(9.3	%)	1.4	%	17.2	%

2019	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$262,964		$691,537		$119,925		$52,629		$159,397		$99,120
Income taxes	(46,769)		121,623		30,866		186		(53,896)		15,349
Pretax income	$216,195		$813,160		$150,791		$52,815		$105,501		$114,469
Computed at statutory rate (21%)	$45,401		$170,764		$31,666		$11,091		$22,155		$24,039
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,954		42,854		5,563		3,443		360		5,134
Regulatory differences - utility plant items	(10,627)		(19,421)		(5,556)		(1,532)		(1,987)		(6,213)
Equity component of AFUDC	(3,255)		(15,545)		(1,755)		(2,088)		(5,973)		(1,829)
Amortization of investment tax credits	(1,201)		(4,871)		(160)		(88)		(617)		(1,155)
Flow-through / permanent differences	696		439		160		(741)		560		(500)
Amortization of excess ADIT (a)	(90,921)		(28,531)		203		(11,724)		(69,091)		(5,550)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	(3,517)		1,519		500		1,672		430		1,300
Other - net	701		1,210		245		153		267		123
Total income taxes as reported	($46,769)		$121,623		$30,866		$186		($53,896)		$15,349
Effective Income Tax Rate	(21.6	%)	15.0	%	20.5	%	0.4	%	(51.1	%)	13.4	%

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020 and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(d)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2021 and 2020 are as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,158,523)	($3,429,473)	($681,968)	($192,660)	($654,252)	($433,874)
Regulatory assets	(226,687)	(530,274)	(34,799)	(30,694)	(45,470)	(61,205)
Nuclear decommissioning trusts/receivables	(175,882)	(186,382)	—	—	—	(153,610)
Pension, net regulatory asset	(92,881)	(93,681)	(22,253)	(11,429)	(19,914)	(18,033)
Deferred fuel	(27,497)	(13,686)	(30,409)	(1,600)	(10,139)	(49)
Accumulated storm damage provision	—	(193,967)	—	—	(13,276)	—
Other	(77,820)	(138,299)	(29,108)	(33,071)	(2,526)	(5,622)
Total	(1,759,290)	(4,585,762)	(798,537)	(269,454)	(745,577)	(672,393)
Deferred tax assets:
Regulatory liabilities	310,256	634,184	59,418	36,057	55,022	224,036
Nuclear decommissioning liabilities	123,568	(909)	1	(433)	94	9,432
Pension and other post-employment benefits	(26,577)	73,006	(7,793)	(16,090)	(18,793)	(1,925)
Sale and leaseback	—	—	—	—	—	102,474
Accumulated deferred investment tax credit	7,518	30,666	2,723	4,391	1,958	10,729
Provision for allowances and contingencies	24,829	21,768	10,236	5,559	7,730	—
Power purchase agreements	—	—	1,140	—	(1,202)	—
Unbilled/deferred revenues	3,331	9,919	2,306	971	10,196	—
Compensation	3,347	5,288	2,181	1,036	1,618	447
Net operating loss carryforwards	275,054	1,228,547	166,008	105,549	81	—
Capital losses and miscellaneous tax credits	—	5,141	1,258	10,977	883	1,958
Other	19,397	5,968	2,891	7,788	863	2
Total	740,723	2,013,578	240,369	155,805	58,450	347,153
Non-current accrued taxes (including unrecognized tax benefits)	(397,634)	138,330	(161,929)	(251,735)	(5,369)	(57,691)
Accumulated deferred income taxes and taxes accrued	($1,416,201)	($2,433,854)	($720,097)	($365,384)	($692,496)	($382,931)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,117,948)	($2,481,976)	($623,796)	($83,457)	($620,669)	($407,125)
Regulatory assets	(188,284)	(95,135)	(22,381)	(20,276)	(47,684)	(56,496)
Nuclear decommissioning trusts/receivables	(156,123)	(148,040)	—	—	—	(131,985)
Pension, net funding	(93,486)	(95,854)	(24,922)	(11,564)	(19,481)	(20,330)
Deferred fuel	—	(4,210)	(1,706)	(1,393)	—	(314)
Other	(54,753)	(76,735)	(27,565)	(26,334)	(141)	(12,521)
Total	(1,610,594)	(2,901,950)	(700,370)	(143,024)	(687,975)	(628,771)
Deferred tax assets:
Regulatory liabilities	273,774	218,278	56,022	31,248	47,991	163,534
Nuclear decommissioning liabilities	123,319	7,767	—	(419)	121	29,916
Pension and other post-employment benefits	(24,747)	72,724	(6,763)	(13,997)	(17,132)	(1,344)
Sale and leaseback	—	—	—	—	—	102,477
Accumulated deferred investment tax credit	7,971	31,155	2,261	4,197	2,088	9,706
Provision for allowances and contingencies	22,179	7,071	16,799	24,529	(4,094)	—
Power purchase agreements	9,662	3,381	1,140	(5,324)	(30,932)	—
Unbilled/deferred revenues	4,242	(23,382)	2,989	877	5,909	—
Compensation	2,264	3,240	1,670	761	1,308	48
Net operating loss carryforwards	119,555	363,806	54,262	26,564	53,052	—
Capital losses and miscellaneous tax credits	—	9,309	—	12,317	—	7,014
Other	16,036	6,958	3,507	8,128	2,232	2
Total	554,255	700,307	131,887	88,881	60,543	311,353
Non-current accrued taxes (including unrecognized tax benefits)	(229,784)	63,121	(78,191)	(284,571)	(11,990)	(42,417)
Accumulated deferred income taxes and taxes accrued	($1,286,123)	($2,138,522)	($646,674)	($338,714)	($639,422)	($359,835)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— billion	$1.7 billion	$— billion	$0.9 billion	$— billion	$— billion
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$4.5 billion	$4.5 billion	$2.1 billion	$0.7 billion	$2.6 billion	$— billion
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$4.8 billion	$7.2 billion	$2.3 billion	$1.7 billion	$— million	$— million
Year(s) of expiration	2023-2026	N/A	2038-2041	N/A	N/A	N/A
Misc. federal credits	$4.7 million	$12.3 million	$1.8 million	$15.3 million	$3.1 million	$1.5 million
Year(s) of expiration	2038-2041	2035-2041	2038-2041	2037-2041	2036-2041	2036-2041
State credits	$— million	$— million	$1.3 million	$—million	$2.9 million	$9 million
Year(s) of expiration	N/A	N/A	2022-2025	N/A	2027	2022-2025

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2021, 2020, and 2019 is as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2021	$1,364,635	$640,295	$549,717	$639,546	$521,932	$21,652
Additions based on tax positions related to the current year	30,419	13,437	684	1,050	32,616	1,753
Additions for tax positions of prior years	15,013	9,304	1,504	6	2,315	1,897
Reductions for tax positions of prior years	(1,573)	(58,408)	(2,336)	(1,105)	(4,568)	(1,946)
Gross balance at December 31, 2021	1,408,494	604,628	549,569	639,497	552,295	23,356
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(992,643)	(604,628)	(388,728)	(484,899)	(540,694)	(8,576)
Unrecognized tax benefits net of unused tax attributes and payments	$415,851	$—	$160,841	$154,598	$11,601	$14,780

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2020	$1,341,242	$2,381,653	$566,287	$716,773	$21,406	$473,331
Additions based on tax positions related to the current year (a)	9,403	35,681	5,619	2,430	504,362	4,013
Additions for tax positions of prior years	13,400	10,508	1,156	294	799	4,606
Reductions for tax positions of prior years	(11,346)	(679,601)	(24,173)	(80,267)	(5,559)	(41,466)
Settlements	11,936	(1,107,946)	828	316	924	(418,832)
Gross balance at December 31, 2020	1,364,635	640,295	549,717	639,546	521,932	21,652
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,112,628)	(640,295)	(465,679)	(451,922)	(507,720)	(7,413)
Unrecognized tax benefits net of unused tax attributes and payments	$252,007	$—	$84,038	$187,624	$14,212	$14,239

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2019	$1,298,662	$2,400,171	$508,765	$686,687	$17,802	$467,487
Additions based on tax positions related to the current year	84,335	28,705	68,594	40,676	2,312	5,496
Additions for tax positions of prior years	20,399	25,090	1,651	489	1,299	2,186
Reductions for tax positions of prior years	(62,154)	(72,313)	(12,723)	(11,079)	(7)	(1,838)
Gross balance at December 31, 2019	1,341,242	2,381,653	566,287	716,773	21,406	473,331
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,134,187)	(1,573,257)	(506,976)	(445,430)	(3,944)	(8,392)
Unrecognized tax benefits net of unused tax attributes and payments	$207,055	$808,396	$59,311	$271,343	$17,462	$464,939

(a)The primary additions for Entergy Texas in 2020 are related to the mark-to-market treatment discussed in “Other Tax Matters - Tax Accounting Methods” below.

Summary Of Unrecognized Tax Benefits That Would Affect Effective Income Tax Rate

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$262.1	$259.3	$203.3
Entergy Louisiana	$66.3	$63.8	$556.3
Entergy Mississippi	$51.7	$50.7	$1.9
Entergy New Orleans	$228.6	$203.5	$242.7
Entergy Texas	$2.6	$6.1	$5.7
System Energy	$1.7	$0.5	$—

Summary Of Accrued Interest And Penalties Related To Unrecognized Tax Benefits

Accrued balances for the possible payment of interest related to unrecognized tax benefits are as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$2.7	$2.3	$3.1
Entergy Louisiana	$3.7	$3.4	$14.2
Entergy Mississippi	$2.4	$1.9	$1.7
Entergy New Orleans	$5.2	$3.9	$4.7
Entergy Texas	$1.1	$0.9	$1.1
System Energy	$12.1	$11.9	$14.5

Summary of Interest on Income Taxes Expense Related to Unrecognized Tax Benefits

Interest (net-of-tax) was recorded as follows:

	2021	2020	2019
	(In Millions)
Entergy Arkansas	$0.4	($0.8)	$1.4
Entergy Louisiana	$0.3	($10.8)	($3.7)
Entergy Mississippi	$0.5	$0.2	$0.5
Entergy New Orleans	$1.3	($0.8)	$2.0
Entergy Texas	$0.2	($0.2)	$0.2
System Energy	$0.2	($2.6)	$1.3

Entergy New Orleans [Member]

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy’s Registrant Subsidiaries consist of the following:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($20,285)	($24,053)	($5,868)	($6,724)	($189)	$29,416
State	529	2,459	(11,506)	(413)	1,261	(10,258)
Total	(19,756)	(21,594)	(17,374)	(7,137)	1,072	19,158
Deferred and non-current - net	96,180	146,786	60,861	12,870	25,087	(25,229)
Investment tax credit adjustments - net	(1,229)	(4,783)	1,836	203	(633)	4,094
Income taxes	$75,195	$120,409	$45,323	$5,936	$25,526	($1,977)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($44,627)	$62,728	($14,580)	$293	($5,603)	$372,206
State	(2,563)	4,457	(1,316)	(303)	2,658	55,551
Total	(47,190)	67,185	(15,896)	(10)	(2,945)	427,757
Deferred and non-current - net	96,195	(444,647)	43,640	(18,153)	6,619	(405,928)
Investment tax credit adjustments - net	(1,228)	(4,862)	(554)	13,956	(632)	(1,286)
Income taxes	$47,777	($382,324)	$27,190	($4,207)	$3,042	$20,543

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($14,549)	($20,173)	($8,939)	($5,822)	$16,035	$16,256
State	(714)	(735)	5,823	1,856	663	(2,831)
Total	(15,263)	(20,908)	(3,116)	(3,966)	16,698	13,425
Deferred and non-current - net	(30,278)	147,453	34,579	4,248	(69,963)	422
Investment tax credit adjustments - net	(1,228)	(4,922)	(597)	(96)	(631)	1,502
Income taxes	($46,769)	$121,623	$30,866	$186	($53,896)	$15,349

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes.  The reasons for the differences for the years 2021, 2020, and 2019 are:

2021	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$298,484		$653,984		$166,834		$31,798		$228,824		$106,814
Income taxes	75,195		120,409		45,323		5,936		25,526		(1,977)
Pretax income	$373,679		$774,393		$212,157		$37,734		$254,350		$104,837
Computed at statutory rate (21%)	$78,473		$162,623		$44,553		$7,924		$53,413		$22,016
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,633		41,030		9,305		2,579		1,553		5,385
Regulatory differences - utility plant items	(16,078)		(14,123)		(8,133)		(4,332)		(2,115)		(12,776)
Equity component of AFUDC	(3,207)		(6,016)		(1,701)		(498)		(2,077)		(1,300)
Amortization of investment tax credits	(1,201)		(4,729)		64		(56)		(617)		(1,155)
Flow-through / permanent differences	(814)		(2,655)		124		1,559		(475)		(1,235)
Amortization of excess ADIT (a)	(5,845)		(24,323)		—		(1,028)		(21,929)		(13,354)
Arkansas and Louisiana Rate Changes (b)	398		(6,126)		395		(1,569)		216		115
Non-taxable dividend income	—		(26,801)		—		—		—		—
Provision for uncertain tax positions	353		300		465		1,200		(2,716)		200
Valuation Allowance	2,766		—		—		—		—		—
Other - net	717		1,229		251		157		273		127
Total income taxes as reported	$75,195		$120,409		$45,323		$5,936		$25,526		($1,977)
Effective Income Tax Rate	20.1	%	15.5	%	21.4	%	15.7	%	10.0	%	(1.9	%)

2020	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$245,232		$1,082,352		$140,583		$49,338		$215,073		$99,131
Income taxes	47,777		(382,324)		27,190		(4,207)		3,042		20,543
Pretax income	$293,009		$700,028		$167,773		$45,131		$218,115		$119,674
Computed at statutory rate (21%)	$61,532		$147,006		$35,232		$9,478		$45,804		$25,132
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	16,256		38,182		6,917		2,606		1,460		5,524
Regulatory differences - utility plant items	(8,034)		(23,819)		(7,441)		(3,442)		(7,673)		(2,821)
Equity component of AFUDC	(3,154)		(8,012)		(1,412)		(1,331)		(9,255)		(1,916)
Amortization of investment tax credits	(1,201)		(4,811)		(540)		(61)		(617)		(1,155)
Flow-through / permanent differences	(2,219)		1,404		(102)		498		766		(421)
Amortization of excess ADIT (a)	(6,011)		(26,293)		18		(4,564)		(22,780)		—
Stock compensation (d)	(4,952)		(9,004)		(2,763)		(1,526)		(2,842)		(1,300)
IRS audit adjustment (c)	(6,351)		(471,702)		(3,768)		(6,819)		(2,091)		(2,925)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	1,200		300		800		800		—		300
Other - net	711		1,220		249		154		270		125
Total income taxes as reported	$47,777		($382,324)		$27,190		($4,207)		$3,042		$20,543
Effective Income Tax Rate	16.3	%	(54.6	%)	16.2	%	(9.3	%)	1.4	%	17.2	%

2019	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$262,964		$691,537		$119,925		$52,629		$159,397		$99,120
Income taxes	(46,769)		121,623		30,866		186		(53,896)		15,349
Pretax income	$216,195		$813,160		$150,791		$52,815		$105,501		$114,469
Computed at statutory rate (21%)	$45,401		$170,764		$31,666		$11,091		$22,155		$24,039
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,954		42,854		5,563		3,443		360		5,134
Regulatory differences - utility plant items	(10,627)		(19,421)		(5,556)		(1,532)		(1,987)		(6,213)
Equity component of AFUDC	(3,255)		(15,545)		(1,755)		(2,088)		(5,973)		(1,829)
Amortization of investment tax credits	(1,201)		(4,871)		(160)		(88)		(617)		(1,155)
Flow-through / permanent differences	696		439		160		(741)		560		(500)
Amortization of excess ADIT (a)	(90,921)		(28,531)		203		(11,724)		(69,091)		(5,550)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	(3,517)		1,519		500		1,672		430		1,300
Other - net	701		1,210		245		153		267		123
Total income taxes as reported	($46,769)		$121,623		$30,866		$186		($53,896)		$15,349
Effective Income Tax Rate	(21.6	%)	15.0	%	20.5	%	0.4	%	(51.1	%)	13.4	%

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020 and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(d)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2021 and 2020 are as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,158,523)	($3,429,473)	($681,968)	($192,660)	($654,252)	($433,874)
Regulatory assets	(226,687)	(530,274)	(34,799)	(30,694)	(45,470)	(61,205)
Nuclear decommissioning trusts/receivables	(175,882)	(186,382)	—	—	—	(153,610)
Pension, net regulatory asset	(92,881)	(93,681)	(22,253)	(11,429)	(19,914)	(18,033)
Deferred fuel	(27,497)	(13,686)	(30,409)	(1,600)	(10,139)	(49)
Accumulated storm damage provision	—	(193,967)	—	—	(13,276)	—
Other	(77,820)	(138,299)	(29,108)	(33,071)	(2,526)	(5,622)
Total	(1,759,290)	(4,585,762)	(798,537)	(269,454)	(745,577)	(672,393)
Deferred tax assets:
Regulatory liabilities	310,256	634,184	59,418	36,057	55,022	224,036
Nuclear decommissioning liabilities	123,568	(909)	1	(433)	94	9,432
Pension and other post-employment benefits	(26,577)	73,006	(7,793)	(16,090)	(18,793)	(1,925)
Sale and leaseback	—	—	—	—	—	102,474
Accumulated deferred investment tax credit	7,518	30,666	2,723	4,391	1,958	10,729
Provision for allowances and contingencies	24,829	21,768	10,236	5,559	7,730	—
Power purchase agreements	—	—	1,140	—	(1,202)	—
Unbilled/deferred revenues	3,331	9,919	2,306	971	10,196	—
Compensation	3,347	5,288	2,181	1,036	1,618	447
Net operating loss carryforwards	275,054	1,228,547	166,008	105,549	81	—
Capital losses and miscellaneous tax credits	—	5,141	1,258	10,977	883	1,958
Other	19,397	5,968	2,891	7,788	863	2
Total	740,723	2,013,578	240,369	155,805	58,450	347,153
Non-current accrued taxes (including unrecognized tax benefits)	(397,634)	138,330	(161,929)	(251,735)	(5,369)	(57,691)
Accumulated deferred income taxes and taxes accrued	($1,416,201)	($2,433,854)	($720,097)	($365,384)	($692,496)	($382,931)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,117,948)	($2,481,976)	($623,796)	($83,457)	($620,669)	($407,125)
Regulatory assets	(188,284)	(95,135)	(22,381)	(20,276)	(47,684)	(56,496)
Nuclear decommissioning trusts/receivables	(156,123)	(148,040)	—	—	—	(131,985)
Pension, net funding	(93,486)	(95,854)	(24,922)	(11,564)	(19,481)	(20,330)
Deferred fuel	—	(4,210)	(1,706)	(1,393)	—	(314)
Other	(54,753)	(76,735)	(27,565)	(26,334)	(141)	(12,521)
Total	(1,610,594)	(2,901,950)	(700,370)	(143,024)	(687,975)	(628,771)
Deferred tax assets:
Regulatory liabilities	273,774	218,278	56,022	31,248	47,991	163,534
Nuclear decommissioning liabilities	123,319	7,767	—	(419)	121	29,916
Pension and other post-employment benefits	(24,747)	72,724	(6,763)	(13,997)	(17,132)	(1,344)
Sale and leaseback	—	—	—	—	—	102,477
Accumulated deferred investment tax credit	7,971	31,155	2,261	4,197	2,088	9,706
Provision for allowances and contingencies	22,179	7,071	16,799	24,529	(4,094)	—
Power purchase agreements	9,662	3,381	1,140	(5,324)	(30,932)	—
Unbilled/deferred revenues	4,242	(23,382)	2,989	877	5,909	—
Compensation	2,264	3,240	1,670	761	1,308	48
Net operating loss carryforwards	119,555	363,806	54,262	26,564	53,052	—
Capital losses and miscellaneous tax credits	—	9,309	—	12,317	—	7,014
Other	16,036	6,958	3,507	8,128	2,232	2
Total	554,255	700,307	131,887	88,881	60,543	311,353
Non-current accrued taxes (including unrecognized tax benefits)	(229,784)	63,121	(78,191)	(284,571)	(11,990)	(42,417)
Accumulated deferred income taxes and taxes accrued	($1,286,123)	($2,138,522)	($646,674)	($338,714)	($639,422)	($359,835)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— billion	$1.7 billion	$— billion	$0.9 billion	$— billion	$— billion
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$4.5 billion	$4.5 billion	$2.1 billion	$0.7 billion	$2.6 billion	$— billion
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$4.8 billion	$7.2 billion	$2.3 billion	$1.7 billion	$— million	$— million
Year(s) of expiration	2023-2026	N/A	2038-2041	N/A	N/A	N/A
Misc. federal credits	$4.7 million	$12.3 million	$1.8 million	$15.3 million	$3.1 million	$1.5 million
Year(s) of expiration	2038-2041	2035-2041	2038-2041	2037-2041	2036-2041	2036-2041
State credits	$— million	$— million	$1.3 million	$—million	$2.9 million	$9 million
Year(s) of expiration	N/A	N/A	2022-2025	N/A	2027	2022-2025

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2021, 2020, and 2019 is as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2021	$1,364,635	$640,295	$549,717	$639,546	$521,932	$21,652
Additions based on tax positions related to the current year	30,419	13,437	684	1,050	32,616	1,753
Additions for tax positions of prior years	15,013	9,304	1,504	6	2,315	1,897
Reductions for tax positions of prior years	(1,573)	(58,408)	(2,336)	(1,105)	(4,568)	(1,946)
Gross balance at December 31, 2021	1,408,494	604,628	549,569	639,497	552,295	23,356
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(992,643)	(604,628)	(388,728)	(484,899)	(540,694)	(8,576)
Unrecognized tax benefits net of unused tax attributes and payments	$415,851	$—	$160,841	$154,598	$11,601	$14,780

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2020	$1,341,242	$2,381,653	$566,287	$716,773	$21,406	$473,331
Additions based on tax positions related to the current year (a)	9,403	35,681	5,619	2,430	504,362	4,013
Additions for tax positions of prior years	13,400	10,508	1,156	294	799	4,606
Reductions for tax positions of prior years	(11,346)	(679,601)	(24,173)	(80,267)	(5,559)	(41,466)
Settlements	11,936	(1,107,946)	828	316	924	(418,832)
Gross balance at December 31, 2020	1,364,635	640,295	549,717	639,546	521,932	21,652
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,112,628)	(640,295)	(465,679)	(451,922)	(507,720)	(7,413)
Unrecognized tax benefits net of unused tax attributes and payments	$252,007	$—	$84,038	$187,624	$14,212	$14,239

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2019	$1,298,662	$2,400,171	$508,765	$686,687	$17,802	$467,487
Additions based on tax positions related to the current year	84,335	28,705	68,594	40,676	2,312	5,496
Additions for tax positions of prior years	20,399	25,090	1,651	489	1,299	2,186
Reductions for tax positions of prior years	(62,154)	(72,313)	(12,723)	(11,079)	(7)	(1,838)
Gross balance at December 31, 2019	1,341,242	2,381,653	566,287	716,773	21,406	473,331
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,134,187)	(1,573,257)	(506,976)	(445,430)	(3,944)	(8,392)
Unrecognized tax benefits net of unused tax attributes and payments	$207,055	$808,396	$59,311	$271,343	$17,462	$464,939

(a)The primary additions for Entergy Texas in 2020 are related to the mark-to-market treatment discussed in “Other Tax Matters - Tax Accounting Methods” below.

Summary Of Unrecognized Tax Benefits That Would Affect Effective Income Tax Rate

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$262.1	$259.3	$203.3
Entergy Louisiana	$66.3	$63.8	$556.3
Entergy Mississippi	$51.7	$50.7	$1.9
Entergy New Orleans	$228.6	$203.5	$242.7
Entergy Texas	$2.6	$6.1	$5.7
System Energy	$1.7	$0.5	$—

Summary Of Accrued Interest And Penalties Related To Unrecognized Tax Benefits

Accrued balances for the possible payment of interest related to unrecognized tax benefits are as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$2.7	$2.3	$3.1
Entergy Louisiana	$3.7	$3.4	$14.2
Entergy Mississippi	$2.4	$1.9	$1.7
Entergy New Orleans	$5.2	$3.9	$4.7
Entergy Texas	$1.1	$0.9	$1.1
System Energy	$12.1	$11.9	$14.5

Summary of Interest on Income Taxes Expense Related to Unrecognized Tax Benefits

Interest (net-of-tax) was recorded as follows:

	2021	2020	2019
	(In Millions)
Entergy Arkansas	$0.4	($0.8)	$1.4
Entergy Louisiana	$0.3	($10.8)	($3.7)
Entergy Mississippi	$0.5	$0.2	$0.5
Entergy New Orleans	$1.3	($0.8)	$2.0
Entergy Texas	$0.2	($0.2)	$0.2
System Energy	$0.2	($2.6)	$1.3

Entergy Texas [Member]

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy’s Registrant Subsidiaries consist of the following:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($20,285)	($24,053)	($5,868)	($6,724)	($189)	$29,416
State	529	2,459	(11,506)	(413)	1,261	(10,258)
Total	(19,756)	(21,594)	(17,374)	(7,137)	1,072	19,158
Deferred and non-current - net	96,180	146,786	60,861	12,870	25,087	(25,229)
Investment tax credit adjustments - net	(1,229)	(4,783)	1,836	203	(633)	4,094
Income taxes	$75,195	$120,409	$45,323	$5,936	$25,526	($1,977)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($44,627)	$62,728	($14,580)	$293	($5,603)	$372,206
State	(2,563)	4,457	(1,316)	(303)	2,658	55,551
Total	(47,190)	67,185	(15,896)	(10)	(2,945)	427,757
Deferred and non-current - net	96,195	(444,647)	43,640	(18,153)	6,619	(405,928)
Investment tax credit adjustments - net	(1,228)	(4,862)	(554)	13,956	(632)	(1,286)
Income taxes	$47,777	($382,324)	$27,190	($4,207)	$3,042	$20,543

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($14,549)	($20,173)	($8,939)	($5,822)	$16,035	$16,256
State	(714)	(735)	5,823	1,856	663	(2,831)
Total	(15,263)	(20,908)	(3,116)	(3,966)	16,698	13,425
Deferred and non-current - net	(30,278)	147,453	34,579	4,248	(69,963)	422
Investment tax credit adjustments - net	(1,228)	(4,922)	(597)	(96)	(631)	1,502
Income taxes	($46,769)	$121,623	$30,866	$186	($53,896)	$15,349

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes.  The reasons for the differences for the years 2021, 2020, and 2019 are:

2021	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$298,484		$653,984		$166,834		$31,798		$228,824		$106,814
Income taxes	75,195		120,409		45,323		5,936		25,526		(1,977)
Pretax income	$373,679		$774,393		$212,157		$37,734		$254,350		$104,837
Computed at statutory rate (21%)	$78,473		$162,623		$44,553		$7,924		$53,413		$22,016
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,633		41,030		9,305		2,579		1,553		5,385
Regulatory differences - utility plant items	(16,078)		(14,123)		(8,133)		(4,332)		(2,115)		(12,776)
Equity component of AFUDC	(3,207)		(6,016)		(1,701)		(498)		(2,077)		(1,300)
Amortization of investment tax credits	(1,201)		(4,729)		64		(56)		(617)		(1,155)
Flow-through / permanent differences	(814)		(2,655)		124		1,559		(475)		(1,235)
Amortization of excess ADIT (a)	(5,845)		(24,323)		—		(1,028)		(21,929)		(13,354)
Arkansas and Louisiana Rate Changes (b)	398		(6,126)		395		(1,569)		216		115
Non-taxable dividend income	—		(26,801)		—		—		—		—
Provision for uncertain tax positions	353		300		465		1,200		(2,716)		200
Valuation Allowance	2,766		—		—		—		—		—
Other - net	717		1,229		251		157		273		127
Total income taxes as reported	$75,195		$120,409		$45,323		$5,936		$25,526		($1,977)
Effective Income Tax Rate	20.1	%	15.5	%	21.4	%	15.7	%	10.0	%	(1.9	%)

2020	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$245,232		$1,082,352		$140,583		$49,338		$215,073		$99,131
Income taxes	47,777		(382,324)		27,190		(4,207)		3,042		20,543
Pretax income	$293,009		$700,028		$167,773		$45,131		$218,115		$119,674
Computed at statutory rate (21%)	$61,532		$147,006		$35,232		$9,478		$45,804		$25,132
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	16,256		38,182		6,917		2,606		1,460		5,524
Regulatory differences - utility plant items	(8,034)		(23,819)		(7,441)		(3,442)		(7,673)		(2,821)
Equity component of AFUDC	(3,154)		(8,012)		(1,412)		(1,331)		(9,255)		(1,916)
Amortization of investment tax credits	(1,201)		(4,811)		(540)		(61)		(617)		(1,155)
Flow-through / permanent differences	(2,219)		1,404		(102)		498		766		(421)
Amortization of excess ADIT (a)	(6,011)		(26,293)		18		(4,564)		(22,780)		—
Stock compensation (d)	(4,952)		(9,004)		(2,763)		(1,526)		(2,842)		(1,300)
IRS audit adjustment (c)	(6,351)		(471,702)		(3,768)		(6,819)		(2,091)		(2,925)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	1,200		300		800		800		—		300
Other - net	711		1,220		249		154		270		125
Total income taxes as reported	$47,777		($382,324)		$27,190		($4,207)		$3,042		$20,543
Effective Income Tax Rate	16.3	%	(54.6	%)	16.2	%	(9.3	%)	1.4	%	17.2	%

2019	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$262,964		$691,537		$119,925		$52,629		$159,397		$99,120
Income taxes	(46,769)		121,623		30,866		186		(53,896)		15,349
Pretax income	$216,195		$813,160		$150,791		$52,815		$105,501		$114,469
Computed at statutory rate (21%)	$45,401		$170,764		$31,666		$11,091		$22,155		$24,039
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,954		42,854		5,563		3,443		360		5,134
Regulatory differences - utility plant items	(10,627)		(19,421)		(5,556)		(1,532)		(1,987)		(6,213)
Equity component of AFUDC	(3,255)		(15,545)		(1,755)		(2,088)		(5,973)		(1,829)
Amortization of investment tax credits	(1,201)		(4,871)		(160)		(88)		(617)		(1,155)
Flow-through / permanent differences	696		439		160		(741)		560		(500)
Amortization of excess ADIT (a)	(90,921)		(28,531)		203		(11,724)		(69,091)		(5,550)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	(3,517)		1,519		500		1,672		430		1,300
Other - net	701		1,210		245		153		267		123
Total income taxes as reported	($46,769)		$121,623		$30,866		$186		($53,896)		$15,349
Effective Income Tax Rate	(21.6	%)	15.0	%	20.5	%	0.4	%	(51.1	%)	13.4	%

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020 and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(d)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2021 and 2020 are as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,158,523)	($3,429,473)	($681,968)	($192,660)	($654,252)	($433,874)
Regulatory assets	(226,687)	(530,274)	(34,799)	(30,694)	(45,470)	(61,205)
Nuclear decommissioning trusts/receivables	(175,882)	(186,382)	—	—	—	(153,610)
Pension, net regulatory asset	(92,881)	(93,681)	(22,253)	(11,429)	(19,914)	(18,033)
Deferred fuel	(27,497)	(13,686)	(30,409)	(1,600)	(10,139)	(49)
Accumulated storm damage provision	—	(193,967)	—	—	(13,276)	—
Other	(77,820)	(138,299)	(29,108)	(33,071)	(2,526)	(5,622)
Total	(1,759,290)	(4,585,762)	(798,537)	(269,454)	(745,577)	(672,393)
Deferred tax assets:
Regulatory liabilities	310,256	634,184	59,418	36,057	55,022	224,036
Nuclear decommissioning liabilities	123,568	(909)	1	(433)	94	9,432
Pension and other post-employment benefits	(26,577)	73,006	(7,793)	(16,090)	(18,793)	(1,925)
Sale and leaseback	—	—	—	—	—	102,474
Accumulated deferred investment tax credit	7,518	30,666	2,723	4,391	1,958	10,729
Provision for allowances and contingencies	24,829	21,768	10,236	5,559	7,730	—
Power purchase agreements	—	—	1,140	—	(1,202)	—
Unbilled/deferred revenues	3,331	9,919	2,306	971	10,196	—
Compensation	3,347	5,288	2,181	1,036	1,618	447
Net operating loss carryforwards	275,054	1,228,547	166,008	105,549	81	—
Capital losses and miscellaneous tax credits	—	5,141	1,258	10,977	883	1,958
Other	19,397	5,968	2,891	7,788	863	2
Total	740,723	2,013,578	240,369	155,805	58,450	347,153
Non-current accrued taxes (including unrecognized tax benefits)	(397,634)	138,330	(161,929)	(251,735)	(5,369)	(57,691)
Accumulated deferred income taxes and taxes accrued	($1,416,201)	($2,433,854)	($720,097)	($365,384)	($692,496)	($382,931)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,117,948)	($2,481,976)	($623,796)	($83,457)	($620,669)	($407,125)
Regulatory assets	(188,284)	(95,135)	(22,381)	(20,276)	(47,684)	(56,496)
Nuclear decommissioning trusts/receivables	(156,123)	(148,040)	—	—	—	(131,985)
Pension, net funding	(93,486)	(95,854)	(24,922)	(11,564)	(19,481)	(20,330)
Deferred fuel	—	(4,210)	(1,706)	(1,393)	—	(314)
Other	(54,753)	(76,735)	(27,565)	(26,334)	(141)	(12,521)
Total	(1,610,594)	(2,901,950)	(700,370)	(143,024)	(687,975)	(628,771)
Deferred tax assets:
Regulatory liabilities	273,774	218,278	56,022	31,248	47,991	163,534
Nuclear decommissioning liabilities	123,319	7,767	—	(419)	121	29,916
Pension and other post-employment benefits	(24,747)	72,724	(6,763)	(13,997)	(17,132)	(1,344)
Sale and leaseback	—	—	—	—	—	102,477
Accumulated deferred investment tax credit	7,971	31,155	2,261	4,197	2,088	9,706
Provision for allowances and contingencies	22,179	7,071	16,799	24,529	(4,094)	—
Power purchase agreements	9,662	3,381	1,140	(5,324)	(30,932)	—
Unbilled/deferred revenues	4,242	(23,382)	2,989	877	5,909	—
Compensation	2,264	3,240	1,670	761	1,308	48
Net operating loss carryforwards	119,555	363,806	54,262	26,564	53,052	—
Capital losses and miscellaneous tax credits	—	9,309	—	12,317	—	7,014
Other	16,036	6,958	3,507	8,128	2,232	2
Total	554,255	700,307	131,887	88,881	60,543	311,353
Non-current accrued taxes (including unrecognized tax benefits)	(229,784)	63,121	(78,191)	(284,571)	(11,990)	(42,417)
Accumulated deferred income taxes and taxes accrued	($1,286,123)	($2,138,522)	($646,674)	($338,714)	($639,422)	($359,835)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— billion	$1.7 billion	$— billion	$0.9 billion	$— billion	$— billion
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$4.5 billion	$4.5 billion	$2.1 billion	$0.7 billion	$2.6 billion	$— billion
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$4.8 billion	$7.2 billion	$2.3 billion	$1.7 billion	$— million	$— million
Year(s) of expiration	2023-2026	N/A	2038-2041	N/A	N/A	N/A
Misc. federal credits	$4.7 million	$12.3 million	$1.8 million	$15.3 million	$3.1 million	$1.5 million
Year(s) of expiration	2038-2041	2035-2041	2038-2041	2037-2041	2036-2041	2036-2041
State credits	$— million	$— million	$1.3 million	$—million	$2.9 million	$9 million
Year(s) of expiration	N/A	N/A	2022-2025	N/A	2027	2022-2025

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2021, 2020, and 2019 is as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2021	$1,364,635	$640,295	$549,717	$639,546	$521,932	$21,652
Additions based on tax positions related to the current year	30,419	13,437	684	1,050	32,616	1,753
Additions for tax positions of prior years	15,013	9,304	1,504	6	2,315	1,897
Reductions for tax positions of prior years	(1,573)	(58,408)	(2,336)	(1,105)	(4,568)	(1,946)
Gross balance at December 31, 2021	1,408,494	604,628	549,569	639,497	552,295	23,356
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(992,643)	(604,628)	(388,728)	(484,899)	(540,694)	(8,576)
Unrecognized tax benefits net of unused tax attributes and payments	$415,851	$—	$160,841	$154,598	$11,601	$14,780

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2020	$1,341,242	$2,381,653	$566,287	$716,773	$21,406	$473,331
Additions based on tax positions related to the current year (a)	9,403	35,681	5,619	2,430	504,362	4,013
Additions for tax positions of prior years	13,400	10,508	1,156	294	799	4,606
Reductions for tax positions of prior years	(11,346)	(679,601)	(24,173)	(80,267)	(5,559)	(41,466)
Settlements	11,936	(1,107,946)	828	316	924	(418,832)
Gross balance at December 31, 2020	1,364,635	640,295	549,717	639,546	521,932	21,652
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,112,628)	(640,295)	(465,679)	(451,922)	(507,720)	(7,413)
Unrecognized tax benefits net of unused tax attributes and payments	$252,007	$—	$84,038	$187,624	$14,212	$14,239

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2019	$1,298,662	$2,400,171	$508,765	$686,687	$17,802	$467,487
Additions based on tax positions related to the current year	84,335	28,705	68,594	40,676	2,312	5,496
Additions for tax positions of prior years	20,399	25,090	1,651	489	1,299	2,186
Reductions for tax positions of prior years	(62,154)	(72,313)	(12,723)	(11,079)	(7)	(1,838)
Gross balance at December 31, 2019	1,341,242	2,381,653	566,287	716,773	21,406	473,331
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,134,187)	(1,573,257)	(506,976)	(445,430)	(3,944)	(8,392)
Unrecognized tax benefits net of unused tax attributes and payments	$207,055	$808,396	$59,311	$271,343	$17,462	$464,939

(a)The primary additions for Entergy Texas in 2020 are related to the mark-to-market treatment discussed in “Other Tax Matters - Tax Accounting Methods” below.

Summary Of Unrecognized Tax Benefits That Would Affect Effective Income Tax Rate

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$262.1	$259.3	$203.3
Entergy Louisiana	$66.3	$63.8	$556.3
Entergy Mississippi	$51.7	$50.7	$1.9
Entergy New Orleans	$228.6	$203.5	$242.7
Entergy Texas	$2.6	$6.1	$5.7
System Energy	$1.7	$0.5	$—

Summary Of Accrued Interest And Penalties Related To Unrecognized Tax Benefits

Accrued balances for the possible payment of interest related to unrecognized tax benefits are as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$2.7	$2.3	$3.1
Entergy Louisiana	$3.7	$3.4	$14.2
Entergy Mississippi	$2.4	$1.9	$1.7
Entergy New Orleans	$5.2	$3.9	$4.7
Entergy Texas	$1.1	$0.9	$1.1
System Energy	$12.1	$11.9	$14.5

Summary of Interest on Income Taxes Expense Related to Unrecognized Tax Benefits

Interest (net-of-tax) was recorded as follows:

	2021	2020	2019
	(In Millions)
Entergy Arkansas	$0.4	($0.8)	$1.4
Entergy Louisiana	$0.3	($10.8)	($3.7)
Entergy Mississippi	$0.5	$0.2	$0.5
Entergy New Orleans	$1.3	($0.8)	$2.0
Entergy Texas	$0.2	($0.2)	$0.2
System Energy	$0.2	($2.6)	$1.3

System Energy [Member]

Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2021 and December 31, 2020 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$432	$467
Entergy Louisiana	$338	$479
Entergy Mississippi	$212	$224
Entergy New Orleans	$42	$59
Entergy Texas	$171	$205
System Energy	$113	$152

Excess ADIT is generally classified into two categories: 1) the portion that is subject to the normalization requirements of the TCJA, i.e., “protected”, and 2) the portion that is not subject to such normalization provisions, referred to as “unprotected”. The TCJA provides that the normalization method of accounting for income taxes is required for excess ADIT associated with public utility property. The TCJA provides for the use of the average rate assumption method (ARAM) for the determination of the timing of the return of excess ADIT associated with such property. Under ARAM, the excess ADIT is reduced over the remaining life of the asset. Remaining asset lives vary for each Registrant Subsidiary, but the average life of public utility property is typically 30 years or longer. Entergy will amortize the protected portion of the excess ADIT in conformity with the normalization requirements. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes protected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$463	$490
Entergy Louisiana	$669	$721
Entergy Mississippi	$237	$248
Entergy New Orleans	$56	$61
Entergy Texas	$208	$215
System Energy	$148	$173

Payment of the unprotected excess accumulated deferred income taxes results in a reduction in the regulatory liability for income taxes and a corresponding reduction in income tax expense. This has a significant effect on the effective tax rate for the period as compared to the statutory tax rate. The Registrant Subsidiaries’ net regulatory liability for income taxes as of December 31, 2021 and December 31, 2020, includes unprotected excess ADIT as follows:

	2021	2020
	(In Millions)
Entergy Arkansas	$12	$11
Entergy Louisiana	$148	$223
Entergy New Orleans	$—	$3
Entergy Texas	$26	$54
System Energy	$—	$16

The return of unprotected excess accumulated deferred income taxes reduced Entergy’s and the Registrant Subsidiaries’ regulatory liability for income taxes as follows for 2021 and 2020:

	2021	2020
	(In Millions)
Entergy	$88	$74
Entergy Arkansas	$8	$8
Entergy Louisiana	$33	$31
Entergy New Orleans	$1	$6
Entergy Texas	$28	$29
System Energy	$18	$—

Income Tax Expenses From Continuing Operations

Income taxes for 2021, 2020, and 2019 for Entergy’s Registrant Subsidiaries consist of the following:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($20,285)	($24,053)	($5,868)	($6,724)	($189)	$29,416
State	529	2,459	(11,506)	(413)	1,261	(10,258)
Total	(19,756)	(21,594)	(17,374)	(7,137)	1,072	19,158
Deferred and non-current - net	96,180	146,786	60,861	12,870	25,087	(25,229)
Investment tax credit adjustments - net	(1,229)	(4,783)	1,836	203	(633)	4,094
Income taxes	$75,195	$120,409	$45,323	$5,936	$25,526	($1,977)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($44,627)	$62,728	($14,580)	$293	($5,603)	$372,206
State	(2,563)	4,457	(1,316)	(303)	2,658	55,551
Total	(47,190)	67,185	(15,896)	(10)	(2,945)	427,757
Deferred and non-current - net	96,195	(444,647)	43,640	(18,153)	6,619	(405,928)
Investment tax credit adjustments - net	(1,228)	(4,862)	(554)	13,956	(632)	(1,286)
Income taxes	$47,777	($382,324)	$27,190	($4,207)	$3,042	$20,543

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current:
Federal	($14,549)	($20,173)	($8,939)	($5,822)	$16,035	$16,256
State	(714)	(735)	5,823	1,856	663	(2,831)
Total	(15,263)	(20,908)	(3,116)	(3,966)	16,698	13,425
Deferred and non-current - net	(30,278)	147,453	34,579	4,248	(69,963)	422
Investment tax credit adjustments - net	(1,228)	(4,922)	(597)	(96)	(631)	1,502
Income taxes	($46,769)	$121,623	$30,866	$186	($53,896)	$15,349

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes.  The reasons for the differences for the years 2021, 2020, and 2019 are:

2021	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$298,484		$653,984		$166,834		$31,798		$228,824		$106,814
Income taxes	75,195		120,409		45,323		5,936		25,526		(1,977)
Pretax income	$373,679		$774,393		$212,157		$37,734		$254,350		$104,837
Computed at statutory rate (21%)	$78,473		$162,623		$44,553		$7,924		$53,413		$22,016
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,633		41,030		9,305		2,579		1,553		5,385
Regulatory differences - utility plant items	(16,078)		(14,123)		(8,133)		(4,332)		(2,115)		(12,776)
Equity component of AFUDC	(3,207)		(6,016)		(1,701)		(498)		(2,077)		(1,300)
Amortization of investment tax credits	(1,201)		(4,729)		64		(56)		(617)		(1,155)
Flow-through / permanent differences	(814)		(2,655)		124		1,559		(475)		(1,235)
Amortization of excess ADIT (a)	(5,845)		(24,323)		—		(1,028)		(21,929)		(13,354)
Arkansas and Louisiana Rate Changes (b)	398		(6,126)		395		(1,569)		216		115
Non-taxable dividend income	—		(26,801)		—		—		—		—
Provision for uncertain tax positions	353		300		465		1,200		(2,716)		200
Valuation Allowance	2,766		—		—		—		—		—
Other - net	717		1,229		251		157		273		127
Total income taxes as reported	$75,195		$120,409		$45,323		$5,936		$25,526		($1,977)
Effective Income Tax Rate	20.1	%	15.5	%	21.4	%	15.7	%	10.0	%	(1.9	%)

2020	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$245,232		$1,082,352		$140,583		$49,338		$215,073		$99,131
Income taxes	47,777		(382,324)		27,190		(4,207)		3,042		20,543
Pretax income	$293,009		$700,028		$167,773		$45,131		$218,115		$119,674
Computed at statutory rate (21%)	$61,532		$147,006		$35,232		$9,478		$45,804		$25,132
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	16,256		38,182		6,917		2,606		1,460		5,524
Regulatory differences - utility plant items	(8,034)		(23,819)		(7,441)		(3,442)		(7,673)		(2,821)
Equity component of AFUDC	(3,154)		(8,012)		(1,412)		(1,331)		(9,255)		(1,916)
Amortization of investment tax credits	(1,201)		(4,811)		(540)		(61)		(617)		(1,155)
Flow-through / permanent differences	(2,219)		1,404		(102)		498		766		(421)
Amortization of excess ADIT (a)	(6,011)		(26,293)		18		(4,564)		(22,780)		—
Stock compensation (d)	(4,952)		(9,004)		(2,763)		(1,526)		(2,842)		(1,300)
IRS audit adjustment (c)	(6,351)		(471,702)		(3,768)		(6,819)		(2,091)		(2,925)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	1,200		300		800		800		—		300
Other - net	711		1,220		249		154		270		125
Total income taxes as reported	$47,777		($382,324)		$27,190		($4,207)		$3,042		$20,543
Effective Income Tax Rate	16.3	%	(54.6	%)	16.2	%	(9.3	%)	1.4	%	17.2	%

2019	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
Net income	$262,964		$691,537		$119,925		$52,629		$159,397		$99,120
Income taxes	(46,769)		121,623		30,866		186		(53,896)		15,349
Pretax income	$216,195		$813,160		$150,791		$52,815		$105,501		$114,469
Computed at statutory rate (21%)	$45,401		$170,764		$31,666		$11,091		$22,155		$24,039
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,954		42,854		5,563		3,443		360		5,134
Regulatory differences - utility plant items	(10,627)		(19,421)		(5,556)		(1,532)		(1,987)		(6,213)
Equity component of AFUDC	(3,255)		(15,545)		(1,755)		(2,088)		(5,973)		(1,829)
Amortization of investment tax credits	(1,201)		(4,871)		(160)		(88)		(617)		(1,155)
Flow-through / permanent differences	696		439		160		(741)		560		(500)
Amortization of excess ADIT (a)	(90,921)		(28,531)		203		(11,724)		(69,091)		(5,550)
Non-taxable dividend income	—		(26,795)		—		—		—		—
Provision for uncertain tax positions	(3,517)		1,519		500		1,672		430		1,300
Other - net	701		1,210		245		153		267		123
Total income taxes as reported	($46,769)		$121,623		$30,866		$186		($53,896)		$15,349
Effective Income Tax Rate	(21.6	%)	15.0	%	20.5	%	0.4	%	(51.1	%)	13.4	%

(a)See “Other Tax Matters - Tax Cuts and Jobs Act” below for discussion of the amortization of excess accumulated deferred income taxes (ADIT) in 2019, 2020 and 2021 and the tax legislation enactment in 2017.

(b)See “Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(c)See “Income Tax Audits - 2014-2015 IRS Audit” below for discussion of the resolution of the audit in 2020.

(d)See “Other Tax Matters - Stock Compensation” below for discussion of excess tax deductions.

Significant Components Of Accumulated Deferred Income Taxes And Accrued Taxes

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2021 and 2020 are as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,158,523)	($3,429,473)	($681,968)	($192,660)	($654,252)	($433,874)
Regulatory assets	(226,687)	(530,274)	(34,799)	(30,694)	(45,470)	(61,205)
Nuclear decommissioning trusts/receivables	(175,882)	(186,382)	—	—	—	(153,610)
Pension, net regulatory asset	(92,881)	(93,681)	(22,253)	(11,429)	(19,914)	(18,033)
Deferred fuel	(27,497)	(13,686)	(30,409)	(1,600)	(10,139)	(49)
Accumulated storm damage provision	—	(193,967)	—	—	(13,276)	—
Other	(77,820)	(138,299)	(29,108)	(33,071)	(2,526)	(5,622)
Total	(1,759,290)	(4,585,762)	(798,537)	(269,454)	(745,577)	(672,393)
Deferred tax assets:
Regulatory liabilities	310,256	634,184	59,418	36,057	55,022	224,036
Nuclear decommissioning liabilities	123,568	(909)	1	(433)	94	9,432
Pension and other post-employment benefits	(26,577)	73,006	(7,793)	(16,090)	(18,793)	(1,925)
Sale and leaseback	—	—	—	—	—	102,474
Accumulated deferred investment tax credit	7,518	30,666	2,723	4,391	1,958	10,729
Provision for allowances and contingencies	24,829	21,768	10,236	5,559	7,730	—
Power purchase agreements	—	—	1,140	—	(1,202)	—
Unbilled/deferred revenues	3,331	9,919	2,306	971	10,196	—
Compensation	3,347	5,288	2,181	1,036	1,618	447
Net operating loss carryforwards	275,054	1,228,547	166,008	105,549	81	—
Capital losses and miscellaneous tax credits	—	5,141	1,258	10,977	883	1,958
Other	19,397	5,968	2,891	7,788	863	2
Total	740,723	2,013,578	240,369	155,805	58,450	347,153
Non-current accrued taxes (including unrecognized tax benefits)	(397,634)	138,330	(161,929)	(251,735)	(5,369)	(57,691)
Accumulated deferred income taxes and taxes accrued	($1,416,201)	($2,433,854)	($720,097)	($365,384)	($692,496)	($382,931)

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,117,948)	($2,481,976)	($623,796)	($83,457)	($620,669)	($407,125)
Regulatory assets	(188,284)	(95,135)	(22,381)	(20,276)	(47,684)	(56,496)
Nuclear decommissioning trusts/receivables	(156,123)	(148,040)	—	—	—	(131,985)
Pension, net funding	(93,486)	(95,854)	(24,922)	(11,564)	(19,481)	(20,330)
Deferred fuel	—	(4,210)	(1,706)	(1,393)	—	(314)
Other	(54,753)	(76,735)	(27,565)	(26,334)	(141)	(12,521)
Total	(1,610,594)	(2,901,950)	(700,370)	(143,024)	(687,975)	(628,771)
Deferred tax assets:
Regulatory liabilities	273,774	218,278	56,022	31,248	47,991	163,534
Nuclear decommissioning liabilities	123,319	7,767	—	(419)	121	29,916
Pension and other post-employment benefits	(24,747)	72,724	(6,763)	(13,997)	(17,132)	(1,344)
Sale and leaseback	—	—	—	—	—	102,477
Accumulated deferred investment tax credit	7,971	31,155	2,261	4,197	2,088	9,706
Provision for allowances and contingencies	22,179	7,071	16,799	24,529	(4,094)	—
Power purchase agreements	9,662	3,381	1,140	(5,324)	(30,932)	—
Unbilled/deferred revenues	4,242	(23,382)	2,989	877	5,909	—
Compensation	2,264	3,240	1,670	761	1,308	48
Net operating loss carryforwards	119,555	363,806	54,262	26,564	53,052	—
Capital losses and miscellaneous tax credits	—	9,309	—	12,317	—	7,014
Other	16,036	6,958	3,507	8,128	2,232	2
Total	554,255	700,307	131,887	88,881	60,543	311,353
Non-current accrued taxes (including unrecognized tax benefits)	(229,784)	63,121	(78,191)	(284,571)	(11,990)	(42,417)
Accumulated deferred income taxes and taxes accrued	($1,286,123)	($2,138,522)	($646,674)	($338,714)	($639,422)	($359,835)

Entergy's Estimated Tax Attributes, Carryovers And Their Expiration Dates

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2021 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— billion	$1.7 billion	$— billion	$0.9 billion	$— billion	$— billion
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$4.5 billion	$4.5 billion	$2.1 billion	$0.7 billion	$2.6 billion	$— billion
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$4.8 billion	$7.2 billion	$2.3 billion	$1.7 billion	$— million	$— million
Year(s) of expiration	2023-2026	N/A	2038-2041	N/A	N/A	N/A
Misc. federal credits	$4.7 million	$12.3 million	$1.8 million	$15.3 million	$3.1 million	$1.5 million
Year(s) of expiration	2038-2041	2035-2041	2038-2041	2037-2041	2036-2041	2036-2041
State credits	$— million	$— million	$1.3 million	$—million	$2.9 million	$9 million
Year(s) of expiration	N/A	N/A	2022-2025	N/A	2027	2022-2025

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2021, 2020, and 2019 is as follows:

2021	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2021	$1,364,635	$640,295	$549,717	$639,546	$521,932	$21,652
Additions based on tax positions related to the current year	30,419	13,437	684	1,050	32,616	1,753
Additions for tax positions of prior years	15,013	9,304	1,504	6	2,315	1,897
Reductions for tax positions of prior years	(1,573)	(58,408)	(2,336)	(1,105)	(4,568)	(1,946)
Gross balance at December 31, 2021	1,408,494	604,628	549,569	639,497	552,295	23,356
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(992,643)	(604,628)	(388,728)	(484,899)	(540,694)	(8,576)
Unrecognized tax benefits net of unused tax attributes and payments	$415,851	$—	$160,841	$154,598	$11,601	$14,780

2020	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2020	$1,341,242	$2,381,653	$566,287	$716,773	$21,406	$473,331
Additions based on tax positions related to the current year (a)	9,403	35,681	5,619	2,430	504,362	4,013
Additions for tax positions of prior years	13,400	10,508	1,156	294	799	4,606
Reductions for tax positions of prior years	(11,346)	(679,601)	(24,173)	(80,267)	(5,559)	(41,466)
Settlements	11,936	(1,107,946)	828	316	924	(418,832)
Gross balance at December 31, 2020	1,364,635	640,295	549,717	639,546	521,932	21,652
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,112,628)	(640,295)	(465,679)	(451,922)	(507,720)	(7,413)
Unrecognized tax benefits net of unused tax attributes and payments	$252,007	$—	$84,038	$187,624	$14,212	$14,239

2019	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2019	$1,298,662	$2,400,171	$508,765	$686,687	$17,802	$467,487
Additions based on tax positions related to the current year	84,335	28,705	68,594	40,676	2,312	5,496
Additions for tax positions of prior years	20,399	25,090	1,651	489	1,299	2,186
Reductions for tax positions of prior years	(62,154)	(72,313)	(12,723)	(11,079)	(7)	(1,838)
Gross balance at December 31, 2019	1,341,242	2,381,653	566,287	716,773	21,406	473,331
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(1,134,187)	(1,573,257)	(506,976)	(445,430)	(3,944)	(8,392)
Unrecognized tax benefits net of unused tax attributes and payments	$207,055	$808,396	$59,311	$271,343	$17,462	$464,939

(a)The primary additions for Entergy Texas in 2020 are related to the mark-to-market treatment discussed in “Other Tax Matters - Tax Accounting Methods” below.

Summary Of Unrecognized Tax Benefits That Would Affect Effective Income Tax Rate

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$262.1	$259.3	$203.3
Entergy Louisiana	$66.3	$63.8	$556.3
Entergy Mississippi	$51.7	$50.7	$1.9
Entergy New Orleans	$228.6	$203.5	$242.7
Entergy Texas	$2.6	$6.1	$5.7
System Energy	$1.7	$0.5	$—

Summary Of Accrued Interest And Penalties Related To Unrecognized Tax Benefits

Accrued balances for the possible payment of interest related to unrecognized tax benefits are as follows:

	December 31,
	2021	2020	2019
	(In Millions)
Entergy Arkansas	$2.7	$2.3	$3.1
Entergy Louisiana	$3.7	$3.4	$14.2
Entergy Mississippi	$2.4	$1.9	$1.7
Entergy New Orleans	$5.2	$3.9	$4.7
Entergy Texas	$1.1	$0.9	$1.1
System Energy	$12.1	$11.9	$14.5

Summary of Interest on Income Taxes Expense Related to Unrecognized Tax Benefits

Interest (net-of-tax) was recorded as follows:

	2021	2020	2019
	(In Millions)
Entergy Arkansas	$0.4	($0.8)	$1.4
Entergy Louisiana	$0.3	($10.8)	($3.7)
Entergy Mississippi	$0.5	$0.2	$0.5
Entergy New Orleans	$1.3	($0.8)	$2.0
Entergy Texas	$0.2	($0.2)	$0.2
System Energy	$0.2	($2.6)	$1.3