Preferred Equity

12 Months Ended

Dec. 31, 2011

Equity [Abstract]

PREFERRED EQUITY

NOTE 6. PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and minority interest for Entergy Corporation subsidiaries as of December 31, 2011 and 2010 are presented below. All series of the Utility preferred stock are redeemable at the option of the related company.

	Shares/Units Authorized				Shares/Units Outstanding
	2011		2010		2011		2010		2011		2010
									(Dollars in Thousands)
Entergy Corporation
Utility:
Preferred Stock or Preferred Membership Interests without sinking fund:
Entergy Arkansas, 4.32%-6.45% Series		3,413,500		3,413,500		3,413,500		3,413,500	$	116,350	$	116,350
Entergy Gulf States Louisiana, Series A 8.25 %		100,000		100,000		100,000		100,000		10,000		10,000
Entergy Louisiana, 6.95% Series (a)		1,000,000		1,000,000		840,000		840,000		84,000		84,000
Entergy Mississippi, 4.36%-6.25% Series		1,403,807		1,403,807		1,403,807		1,403,807		50,381		50,381
Entergy New Orleans, 4.36%-5.56% Series		197,798		197,798		197,798		197,798		19,780		19,780
Total Utility Preferred Stock or Preferred Membership Interests without sinking fund		6,115,105		6,115,105		5,955,105		5,955,105		280,511		280,511
Entergy Wholesale Commodities:
Preferred Stock without sinking fund:
Entergy Asset Management, 8.95% rate (b)		1,000,000		1,000,000		—		305,240		—		29,375
Other		—		—		—		—		—		852
Total Subsidiaries’ Preferred Stock without sinking fund		7,115,105		7,115,105		5,955,105		6,260,345	$	280,511	$	310,738

(a) In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.

(b) Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares. On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares. On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.

At December 31, 2011 and 2010, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock. The preference shares were converted into the preferred units as part of the jurisdictional separation. The distributions are cumulative and payable quarterly beginning March 15, 2008. The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2011 and 2010 are presented below. All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented. Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction. The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.

	Shares Authorized and Outstanding				Dollars (In Thousands)				Call Price per Share as of December 31, 2011
	2011		2010		2011		2010
Entergy Arkansas Preferred Stock
Without sinking fund:
Cumulative, $100 par value:
4.32% Series		70,000		70,000	$	7,000	$	7,000	$	103.65
4.72% Series		93,500		93,500		9,350		9,350	$	107.00
4.56% Series		75,000		75,000		7,500		7,500	$	102.83
4.56% 1965 Series		75,000		75,000		7,500		7,500	$	102.50
6.08% Series		100,000		100,000		10,000		10,000	$	102.83
Cumulative, $25 par value:
6.45% Series (a)		3,000,000		3,000,000		75,000		75,000	$	—
Total without sinking fund		3,413,500		3,413,500	$	116,350	$	116,350

	Units Authorized and Outstanding				Dollars (In Thousands)				Call Price per Unit as of December 31, 2011
	2011		2010		2011		2010
Entergy Gulf States Louisiana
Preferred Membership Interests
Without sinking fund:
Cumulative, $100 liquidation value:
8.25% Series (b)		100,000		100,000	$	10,000	$	10,000	$	—
Total without sinking fund		100,000		100,000	$	10,000	$	10,000
	Units Authorized and Outstanding				Dollars (In Thousands)				Call Price per Unit as of December 31, 2011
	2011		2010		2011		2010
Entergy Louisiana Preferred
Membership Interests
Without sinking fund:
Cumulative, $100 liquidation value:
6.95% Series (c)		1,000,000		1,000,000	$	100,000	$	100,000	$	—
Total without sinking fund		1,000,000		1,000,000	$	100,000	$	100,000
	Shares Authorized and Outstanding				Dollars (In Thousands)				Call Price per Share as of December 31, 2011
	2011		2010		2011		2010
Entergy Mississippi Preferred Stock
Without sinking fund:
Cumulative, $100 par value:
4.36% Series		59,920		59,920	$	5,992	$	5,992	$	103.88
4.56% Series		43,887		43,887		4,389		4,389	$	107.00
4.92% Series		100,000		100,000		10,000		10,000	$	102.88
Cumulative, $25 par value
6.25% Series (d)		1,200,000		1,200,000		30,000		30,000	$	—
Total without sinking fund		1,403,807		1,403,807	$	50,381	$	50,381
	Shares Authorized and Outstanding				Dollars (In Thousands)				Call Price per Share as of December 31, 2011
	2011		2010		2011		2010
Entergy New Orleans Preferred Stock
Without sinking fund:
Cumulative, $100 par value:
4.36% Series		60,000		60,000	$	6,000	$	6,000	$	104.58
4.75% Series		77,798		77,798		7,780		7,780	$	105.00
5.56% Series		60,000		60,000		6,000		6,000	$	102.59
Total without sinking fund		197,798		197,798	$	19,780	$	19,780

(a) Series is callable at par.

(b) Series is callable at par on and after December 15, 2015.

(c) Series is callable at par.

(d) Series is callable at par.