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Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2011
Revolving Credit Facilities, Lines of Credit and Short-Term Borrowings [Abstract]  
Summary of the borrowings outstanding and capacity available under the facility
             

Capacity

 

Borrowings

 

Letters

of Credit

 

Capacity

Available

(In Millions)

$3,451

  $1,920   $28   $1,503
Credit facilities
                     

Company

  Expiration
Date
  Amount of
Facility
  Interest Rate (a)   Amount Drawn
as of
December 31, 2011
 

Entergy Arkansas

  April 2012   $78 million(b)   3.25%     —    

Entergy Gulf States Louisiana

  August 2012   $100 million(c)   0.71%     —    

Entergy Louisiana

  August 2012   $200 million(d)   0.67%     $50 million  

Entergy Mississippi

  May 2012   $35 million(e)   2.05%     —    

Entergy Mississippi

  May 2012   $25 million(e)   2.05%     —    

Entergy Mississippi

  May 2012   $10 million(e)   2.05%     —    

Entergy Texas

  August 2012   $100 million(f)   0.77%     —    

 

(a) The interest rate is the rate as of December 31, 2011 that would be applied to outstanding borrowings under the facility.
(b) The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization. Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable.
(c) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility. As of December 31, 2011, no letters of credit were outstanding. The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(d) The credit facility allows Entergy Louisiana to issue letters of credit against the borrowing capacity of the facility. As of December 31, 2011, no letters of credit were outstanding. The credit facility requires Entergy Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(e) Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Entergy Mississippi is required to maintain a consolidated debt ratio of 65% or less of its total capitalization.
(f) The credit facility allows Entergy Texas to issue letters of credit against the borrowing capacity of the facility. As of December 31, 2011, no letters of credit were outstanding. The credit facility requires Entergy Texas to maintain a consolidated debt ratio of 65% or less of its total capitalization. Pursuant to the terms of the credit agreement securitization bonds are excluded from debt and capitalization in calculating the debt ratio.
Short-term borrowings and the outstanding short-term borrowings

 

                 
    Authorized     Borrowings  
    (In Millions)  

Entergy Arkansas

  $ 250       —    

Entergy Gulf States Louisiana

  $ 200       —    

Entergy Louisiana

  $ 250     $ 168  

Entergy Mississippi

  $ 175     $ 2  

Entergy New Orleans

  $ 100       —    

Entergy Texas

  $ 200       —    

System Energy

  $ 200       —    
Issuance of commercial paper to finance acquisition and ownership of nuclear fuel
                                 

Company

  Expiration
Date
    Amount
of
Facility
    Weighted
Average
Interest
Rate on
Borrowings
(a)
    Amount
Outstanding
as of
December 31,
2011
 
    (Dollars in Millions)  

Entergy Arkansas VIE

    July 2013     $ 85       2.43   $ 35.9  

Entergy Gulf States Louisiana VIE

    July 2013     $ 85       2.25   $ 29.4  

Entergy Louisiana VIE

    July 2013     $ 90       2.38   $ 44.3  

System Energy VIE

    July 2013     $ 100       —         —    

 

(a) Includes letter of credit fees and bank fronting fees on commercial paper issuances by the VIEs for Entergy Arkansas, Entergy Louisiana, and System Energy. The VIE for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.
Notes payable by variable interest entities
         

Company

 

Description

  Amount

Entergy Arkansas VIE

  9% Series H due June 2013   $30 million

Entergy Arkansas VIE

  5.69% Series I due July 2014   $70 million

Entergy Arkansas VIE

  3.23% Series J due July 2016   $55 million

Entergy Gulf States Louisiana VIE

  5.56% Series N due May 2013   $75 million

Entergy Gulf States Louisiana VIE

  5.41% Series O due July 2012   $60 million

Entergy Louisiana VIE

  5.69% Series E due July 2014   $50 million

Entergy Louisiana VIE

  3.30% Series F due March 2016   $20 million

System Energy VIE

  6.29% Series F due September 2013   $70 million

System Energy VIE

  5.33% Series G due April 2015   $60 million