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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2011
Debt Instrument [Line Items]  
Long-Term Debt
                                 

Type of Debt and Maturity

  Weighted
Average Interest
Rate
December 31,
    Interest Rate Ranges  at
December 31,
  Outstanding at
December 31,
 
  2011     2011   2010   2011     2010  
                  (In Thousands)  

Mortgage Bonds

                               

2011-2016

    4.18   3.25%-6.20%   3.6%-6.2%   $ 865,000     $ 920,000  

2017-2021

    5.40   3.75%-7.13%   3.75%-7.125%     2,435,000       2,160,000  

2022-2026

    5.27   4.44%-5.66%   4.44%-5.66%     1,158,449       1,158,738  

2027-2036

    6.18   5.65%-6.40%   5.65%-6.4%     868,145       868,546  

2039-2051

    6.22   5.75%-7.88%   5.75%-7.875%     905,000       755,000  
           

Governmental Bonds (a)

                               

2011-2016

    3.67   2.88%-5.80%   2.875%-6.75%     42,795       90,135  

2017-2021

    4.83   4.60%-5.00%   4.6%-5.0%     99,700       99,700  

2022-2026

    5.82   4.60%-6.20%   4.6%-6.2%     415,005       455,005  

2027-2030

    5.00   5.0%   5.0%     198,680       198,680  
           

Securitization Bonds

                               

2013-2020

    4.05   2.12%-5.79%   2.12%-5.79%     416,899       474,318  

2021-2023

    3.65   2.04%-5.93%   2.30%-5.93%     653,948       457,100  
           

Variable Interest Entities Notes Payable (Note 4)

                               

2012-2016

    4.96   2.25%-9.00%   2.125%-9%     519,400       474,200  
           

Entergy Corporation Notes

                               

due March 2011

    n/a     —     7.06%     —         86,000  

due September 2015

    n/a     3.625%   3.625%     550,000       550,000  

due September 2020

    n/a     5.125%   5.125%     450,000       450,000  
           

Note Payable to NYPA

    (b)     (b)   (b)     133,363       155,971  

5 Year Credit Facility (Note 4)

    n/a     0.75%   0.78%     1,920,000       1,632,120  

Long-term DOE Obligation (c)

    —       —     —       181,031       180,919  

Waterford 3 Lease Obligation (d)

    n/a     7.45%   7.45%     188,255       223,802  

Grand Gulf Lease Obligation (d)

    n/a     5.13%   5.13%     178,784       222,280  

Bank Credit Facility – Entergy Louisiana

    n/a     0.67%   —       50,000       —    

Unamortized Premium and Discount - Net

  

            (9,531     (10,181

Other

                    16,523       14,372  
                   

 

 

   

 

 

 

Total Long-Term Debt

                    12,236,446       11,616,705  

Less Amount Due Within One Year

  

            2,192,733       299,548  
                   

 

 

   

 

 

 

Long-Term Debt Excluding Amount Due Within One Year

      $ 10,043,713     $ 11,317,157  
                   

 

 

   

 

 

 

Fair Value of Long-Term Debt (e)

  

          $ 12,176,251     $ 10,988,646  

 

(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.
(c) 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.
(d) See Note 10 for further discussion of the Waterford 3 and Grand Gulf Lease Obligations.
(e) The fair value excludes lease obligations of $188 million at Entergy Louisiana and $179 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $133 million at Entergy, and includes debt due within one year. Fair values are based on prices derived by independent third parties that use inputs such as benchmark yields, reported trades, broker/dealer quotes, and issuer spreads.
Annual long term debt maturities for debt
         
    Amount  
    (In Thousands)  

2012

  $ 2,124,679  

2013

  $ 707,684  

2014

  $ 135,899  

2015

  $ 860,566  

2016

  $ 344,850  
Hurricane Rita [Member]
 
Debt Instrument [Line Items]  
Senior secured transition bonds
         
    Amount  
    (In Thousands)  

Senior Secured Transition Bonds, Series A:

       

Tranche A-1 (5.51%) due October 2013

  $ 93,500  

Tranche A-2 (5.79%) due October 2018

    121,600  

Tranche A-3 (5.93%) due June 2022

    114,400  
   

 

 

 

Total senior secured transition bonds

  $ 329,500  
   

 

 

 
Hurricane Gustav and Hurricane Ike [Member]
 
Debt Instrument [Line Items]  
Senior secured transition bonds
         
    Amount  
    (In Thousands)  

Senior Secured Transition Bonds

       

Tranche A-1 (2.12%) due February 2016

  $ 182,500  

Tranche A-2 (3.65%) due August 2019

    144,800  

Tranche A-3 (4.38%) due November 2023

    218,600  
   

 

 

 

Total senior secured transition bonds

  $ 545,900