Long - Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2021 and 2020 consisted of:


Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2021	Interest Rate Ranges at December 31,		Outstanding at December 31,
		2021	2020	2021	2020
				(In Thousands)
Mortgage Bonds
2021-2025	2.70%	0.62% - 5.59%	0.62% - 5.59%	$5,228,000	$4,978,000
2026-2030	3.13%	1.50%- 4.44%	1.6% - 4.44%	3,965,000	3,835,000
2031-2041	3.31%	1.75% - 4.52%	1.75% - 4.52%	3,612,000	2,252,000
2044-2066	4.06%	2.65% - 5.5%	2.65% - 5.5%	6,980,000	6,380,000
Governmental Bonds (a)
2022-2044	2.43%	2.0% - 2.5%	2.375% - 3.5%	332,680	377,680
Securitization Bonds
2022-2027	3.31%	2.67% - 4.38%	2.04% - 5.93%	85,234	177,522
Variable Interest Entities Notes Payable (Note 4)
2021-2027	2.21%	1.84% - 3.22%	2.05% - 3.92%	310,000	450,000
Entergy Corporation Notes
due July 2022	n/a	4.00%	4.00%	650,000	650,000
due September 2025	n/a	0.9%	0.9%	800,000	800,000
due September 2026	n/a	2.95%	2.95%	750,000	750,000
due June 2028	n/a	1.9%	—	650,000	—
due June 2030	n/a	2.80%	2.80%	600,000	600,000
due June 2031	n/a	2.40%	—	650,000	—
due June 2050	n/a	3.75%	3.75%	600,000	600,000
Entergy New Orleans Unsecured Term Loan due May 2022	n/a	—	3.00%	—	70,000
Entergy New Orleans Unsecured Term Loan due May 2023	n/a	2.50%	—	70,000	—
5 Year Credit Facility (Note 4)	n/a	1.60%	2.35%	165,000	165,000
Entergy Louisiana Credit Facility (Note 4)	n/a	1.32%	—	125,000	—

Vermont Yankee Credit Facility (Note 4)	n/a	1.67%	2.46%	139,000	139,000
Entergy Arkansas VIE Credit Facility (Note 4)	n/a	1.17%	1.94%	4,800	12,200
Entergy Louisiana River Bend VIE Credit Facility (Note 4)	n/a	1.15%	1.95%	42,700	18,900
Entergy Louisiana Waterford VIE Credit Facility (Note 4)	n/a	1.16%	1.72%	39,600	39,300
System Energy VIE Credit Facility (Note 4)	n/a	1.16%	1.63%	36,100	—
Long-term DOE Obligation (b)	—	—	—	192,115	192,018
Grand Gulf Sale-Leaseback Obligation	n/a	—	—	34,321	34,336
Unamortized Premium and Discount - Net				(8,273)	3,665
Unamortized Debt Issuance Costs				(177,904)	(160,420)
Other				5,528	5,575
Total Long-Term Debt				25,880,901	22,369,776
Less Amount Due Within One Year				1,039,329	1,164,015
Long-Term Debt Excluding Amount Due Within One Year				$24,841,572	$21,205,761
Fair Value of Long-Term Debt				$27,061,171	$24,813,818

(a)Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral mortgage bonds.

(b)Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. The contracts include a one-time fee for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


			Amount
			(In Thousands)
2022			$1,040,631
2023			$2,460,563
2024			$2,299,475
2025			$1,379,140
2026			$2,595,720

Entergy Arkansas [Member]

Schedule Of Long-Term Debt


	2021	2020
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
3.75% Series due February 2021	$—	$350,000
3.05% Series due June 2023	250,000	250,000
3.7% Series due June 2024	375,000	375,000
3.5% Series due April 2026	600,000	600,000
4.00% Series due June 2028	350,000	350,000
4.95% Series due December 2044	250,000	250,000
4.20% Series due April 2049	350,000	350,000
2.65% Series due June 2051	675,000	675,000
3.35% Series due June 2052	400,000	—
4.875% Series due September 2066	410,000	410,000
Total mortgage bonds	3,660,000	3,610,000
Governmental Bonds (a):

2.375% Series due January 2021, Independence County (c)	—	45,000
Total governmental bonds	—	45,000
Variable Interest Entity Notes Payable and Credit Facility (Note 4):


3.65% Series L due July 2021	—	90,000
3.17% Series M due December 2023	40,000	40,000
1.84% Series N due July 2026	90,000	—
Credit Facility due June 2024, weighted avg rate 1.17%	4,800	12,200
Total variable interest entity notes payable and credit facility	134,800	142,200



Other:
Long-term DOE Obligation (b)	192,115	192,018
Unamortized Premium and Discount – Net	2,776	6,938
Unamortized Debt Issuance Costs	(32,803)	(30,638)
Other	1,974	1,989
Total Long-Term Debt	3,958,862	3,967,507
Less Amount Due Within One Year	—	485,000
Long-Term Debt Excluding Amount Due Within One Year	$3,958,862	$3,482,507
Fair Value of Long-Term Debt	$4,176,577	$4,355,632

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2022	$—	$200,000	$—	$1,326	$—	$50,305
2023	$290,000	$1,445,000	$250,000	$171,306	$54,257	$250,000
2024	$379,800	$1,782,300	$100,000	$1,275	$—	$36,100
2025	$—	$300,000	$—	$79,140	$—	$200,000
2026	$690,000	$775,000	$—	$85,720	$130,000	$—

Entergy Louisiana [Member]

Schedule Of Long-Term Debt


	2021	2020
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
4.80% Series due May 2021	$—	$200,000
3.3% Series due December 2022	200,000	200,000
4.05% Series due September 2023	325,000	325,000
0.62% Series due November 2023	1,100,000	1,100,000
5.59% Series due October 2024	300,000	300,000
0.95% Series due October 2024	1,000,000	—
5.40% Series due November 2024	400,000	400,000
3.78% Series due April 2025	110,000	110,000
3.78% Series due April 2025	190,000	190,000
4.44% Series due January 2026	250,000	250,000
2.40% Series due October 2026	400,000	400,000
3.12% Series due September 2027	450,000	450,000
3.25% Series due April 2028	425,000	425,000
1.60% Series due December 2030	300,000	300,000
3.05% Series due June 2031	325,000	325,000
2.35% Series due June 2032	500,000	—
4.0% Series due March 2033	750,000	750,000
3.10% Series due June 2041	500,000	—
5.0% Series due July 2044	170,000	170,000
4.95% Series due January 2045	450,000	450,000
4.20% Series due September 2048	900,000	900,000
4.20% Series due April 2050	525,000	525,000
2.90% Series due March 2051	650,000	650,000
4.875% Series due September 2066	270,000	270,000
Total mortgage bonds	10,490,000	8,690,000
Governmental Bonds (a):
3.375% Series due September 2028, Louisiana Public Facilities Authority (c)	—	83,680
3.50% Series due June 2030, Louisiana Public Facilities Authority (c)	—	115,000
2.00% Series due June 2030, Louisiana Local Government Environmental Facilities and Community Development Authority (c)	16,200	—
2.50% Series due April 2036, Louisiana Local Government Environmental Facilities and Community Development Authority (c)	182,480	—
Total governmental bonds	198,680	198,680
Variable Interest Entity Notes Payable and Credit Facilities (Note 4):


3.92% Series H due February 2021	—	40,000
3.22% Series I due December 2023	20,000	20,000
2.51% Series V due June 2027	70,000	70,000
Credit Facility due June 2024, weighted avg rate 1.15%	42,700	18,900
Credit Facility due June 2024, weighted avg rate 1.16%	39,600	39,300
Total variable interest entity notes payable and credit facilities	172,300	188,200
Securitization Bonds:
2.04% Series Senior Secured due September 2023	—	10,980
Total securitization bonds	—	10,980
Other:
Credit Facility due June 2026, weighted avg rate 1.32%	125,000	—
Unamortized Premium and Discount - Net	(7,523)	(2,863)
Unamortized Debt Issuance Costs	(67,665)	(61,132)
Other	3,554	3,586
Total Long-Term Debt	10,914,346	9,027,451
Less Amount Due Within One Year	200,000	240,000
Long-Term Debt Excluding Amount Due Within One Year	$10,714,346	$8,787,451
Fair Value of Long-Term Debt	$11,492,650	$10,258,294

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2022	$—	$200,000	$—	$1,326	$—	$50,305
2023	$290,000	$1,445,000	$250,000	$171,306	$54,257	$250,000
2024	$379,800	$1,782,300	$100,000	$1,275	$—	$36,100
2025	$—	$300,000	$—	$79,140	$—	$200,000
2026	$690,000	$775,000	$—	$85,720	$130,000	$—

Entergy Mississippi [Member]

Schedule Of Long-Term Debt


	2021	2020
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.10% Series due July 2023	$250,000	$250,000
3.75% Series due July 2024	100,000	100,000
3.25% Series due December 2027	150,000	150,000
2.85% Series due June 2028	375,000	375,000
2.55% Series due December 2033	200,000	—
4.52% Series due December 2038	55,000	55,000
3.85% Series due June 2049	435,000	435,000
3.50% Series due June 2051	370,000	170,000
4.90% Series due October 2066	260,000	260,000
Total mortgage bonds	2,195,000	1,795,000
Other:
Unamortized Premium and Discount – Net	5,853	3,685
Unamortized Debt Issuance Costs	(20,864)	(18,108)

Total Long-Term Debt	2,179,989	1,780,577
Less Amount Due Within One Year	—	—
Long-Term Debt Excluding Amount Due Within One Year	$2,179,989	$1,780,577
Fair Value of Long-Term Debt	$2,346,230	$2,021,432

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2022	$—	$200,000	$—	$1,326	$—	$50,305
2023	$290,000	$1,445,000	$250,000	$171,306	$54,257	$250,000
2024	$379,800	$1,782,300	$100,000	$1,275	$—	$36,100
2025	$—	$300,000	$—	$79,140	$—	$200,000
2026	$690,000	$775,000	$—	$85,720	$130,000	$—

Entergy New Orleans [Member]

Schedule Of Long-Term Debt


	2021	2020
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
3.9% Series due July 2023	$100,000	$100,000
3.0% Series due March 2025	78,000	78,000
4.0% Series due June 2026	85,000	85,000
4.19% Series due November 2031	90,000	—
4.51% Series due September 2033	60,000	60,000
4.51% Series due November 2036	70,000	—
3.75% Series due March 2040	62,000	62,000
5.0% Series due December 2052	30,000	30,000
5.50% Series due April 2066	110,000	110,000
Total mortgage bonds	685,000	525,000
Securitization Bonds:
2.67% Series Senior Secured due June 2027	30,977	42,850
Total securitization bonds	30,977	42,850
Other:
3.0% Unsecured Term Loan due May 2022	—	70,000
2.5% Unsecured Term Loan due May 2023	70,000	—
Payable to associated company due November 2035	10,911	12,529
Unamortized Premium and Discount – Net	(58)	(91)
Unamortized Debt Issuance Costs	(8,665)	(8,055)
Total Long-Term Debt	788,165	642,233
Less Amount Due Within One Year	1,326	1,618
Long-Term Debt Excluding Amount Due Within One Year	$786,839	$640,615
Fair Value of Long-Term Debt	$765,538	$620,634

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2022	$—	$200,000	$—	$1,326	$—	$50,305
2023	$290,000	$1,445,000	$250,000	$171,306	$54,257	$250,000
2024	$379,800	$1,782,300	$100,000	$1,275	$—	$36,100
2025	$—	$300,000	$—	$79,140	$—	$200,000
2026	$690,000	$775,000	$—	$85,720	$130,000	$—

Entergy Texas [Member]

Schedule Of Long-Term Debt


	2021	2020
	(In Thousands)
Entergy Texas
Mortgage Bonds:
2.55% Series due June 2021	$—	$125,000
4.10% Series due September 2021	—	75,000
1.50% Series due September 2026	130,000	—
3.45% Series due December 2027	150,000	150,000
4.0% Series due March 2029	300,000	300,000
1.75% Series due March 2031	600,000	600,000
4.5% Series due March 2039	400,000	400,000
5.15% Series due June 2045	250,000	250,000
3.55% Series due September 2049	475,000	475,000
Total mortgage bonds	2,305,000	2,375,000
Securitization Bonds:


5.93% Series Senior Secured, Series A due June 2022	—	17,478
4.38% Series Senior Secured, Series A due November 2023	54,257	106,214
Total securitization bonds	54,257	123,692
Other:
Unamortized Premium and Discount - Net	13,556	14,064
Unamortized Debt Issuance Costs	(18,665)	(19,048)

Total Long-Term Debt	2,354,148	2,493,708
Less Amount Due Within One Year	—	200,000
Long-Term Debt Excluding Amount Due Within One Year	$2,354,148	$2,293,708
Fair Value of Long-Term Debt	$2,483,995	$2,765,193

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2022	$—	$200,000	$—	$1,326	$—	$50,305
2023	$290,000	$1,445,000	$250,000	$171,306	$54,257	$250,000
2024	$379,800	$1,782,300	$100,000	$1,275	$—	$36,100
2025	$—	$300,000	$—	$79,140	$—	$200,000
2026	$690,000	$775,000	$—	$85,720	$130,000	$—

System Energy [Member]

Future Minimum Lease Payments Sale Leaseback Transactions

As of December 31, 2021, System Energy, in connection with the Grand Gulf sale and leaseback transactions, had future minimum lease payments that are recorded as long-term debt, as follows, which reflects the effect of the December 2013 renewal:


			Amount
			(In Thousands)

2022			$17,188
2023			17,188
2024			17,188
2025			17,188
2026			17,188
Years thereafter			171,875
Total			257,815
Less: Amount representing interest			223,494
Present value of net minimum lease payments			$34,321

Schedule Of Long-Term Debt


	2021	2020
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023	$250,000	$250,000
2.14% Series due December 2025	200,000	200,000
Total mortgage bonds	450,000	450,000
Governmental Bonds (a):
2.5% Series due April 2022, Mississippi Business Finance Corp.	50,305	134,000
2.375% Series due June 2044, Mississippi Business Finance Corp. (c)	83,695	—
Total governmental bonds	134,000	134,000
Variable Interest Entity Notes Payable and Credit Facility (Note 4):


3.42% Series J due April 2021	—	100,000
2.05% Series K due September 2027	90,000	90,000
Credit Facility due June 2024, weighted avg rate 1.16%	36,100	—
Total variable interest entity notes payable and credit facility	126,100	190,000
Other:
Grand Gulf Sale-Leaseback Obligation	34,321	34,336
Unamortized Premium and Discount – Net	(108)	(165)
Unamortized Debt Issuance Costs	(3,017)	(2,897)

Total Long-Term Debt	741,296	805,274
Less Amount Due Within One Year	50,329	100,015
Long-Term Debt Excluding Amount Due Within One Year	$690,967	$705,259
Fair Value of Long-Term Debt	$743,040	$840,540

Schedule Of Annual Long-Term Debt Maturities

The annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2021, for the next five years are as follows:


	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
2022	$—	$200,000	$—	$1,326	$—	$50,305
2023	$290,000	$1,445,000	$250,000	$171,306	$54,257	$250,000
2024	$379,800	$1,782,300	$100,000	$1,275	$—	$36,100
2025	$—	$300,000	$—	$79,140	$—	$200,000
2026	$690,000	$775,000	$—	$85,720	$130,000	$—