Long - Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Long-term debt for Entergy Corporation and subsidiaries as of December 31, 2014 and 2013 consisted of:



Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2014	Interest Rate Ranges at December 31,		Outstanding at December 31,
Type of Debt and Maturity	Weighted Average Interest Rate December 31, 2014	2014	2013	2014			2013
				(In Thousands)
Mortgage Bonds
2014-2019	6.49%	3.25%-7.13%	1.88%-7.13%		$1,650,000			$2,110,000
2020-2024	4.18%	3.05%-5.60%	3.05%-5.60%	3,483,303			3,008,363
2025-2029	4.54%	3.78%-5.66%	4.44%-5.66%	762,859			462,914
2032-2039	6.16%	5.90%-6.38%	5.90%-7.88%	660,000			980,000
2040-2064	5.28%	4.70%-6.20%	4.70%-6.20%	2,215,000			1,410,000
Governmental Bonds (a)
2015-2017	1.75%	1.55%-2.88%	1.55%-2.88%	86,655			86,655
2021-2022	5.31%	2.375%-5.88%	2.375%-5.88%	291,000			291,000
2028-2030	5.00%	5.00%	5.00%	198,680			198,680
Securitization Bonds
2016-2023	3.88%	2.04%-5.93%	2.04%-5.93%	785,059			883,243
Variable Interest Entities Notes Payable (Note 4)
2014-2021	3.53%	2.62%-5.33%	1.38%-5.69%	630,000			634,800
Entergy Corporation Notes
due September 2015	n/a	3.625%	3.625%	550,000			550,000
due January 2017	n/a	4.70%	4.70%	500,000			500,000
due September 2020	n/a	5.125%	5.125%	450,000			450,000
Note Payable to NYPA	(b)	(b)	(b)	79,638			95,011
5 Year Credit Facility (Note 4)	n/a	1.93%	1.96%	695,000			255,000
Long-term DOE Obligation (c)	—	—	—	181,329			181,253
Waterford 3 Lease Obligation (d)	n/a	7.45%	7.45%	128,488			148,716
Grand Gulf Lease Obligation (d)	n/a	5.13%	5.13%	50,671			97,414
Term Loan - Entergy Arkansas	n/a	—	1.13%	—			250,000
Unamortized Premium and Discount - Net				(12,529		)	(11,172		)
Other				14,331			14,367
Total Long-Term Debt				13,399,484			12,596,244
Less Amount Due Within One Year				899,375			457,095
Long-Term Debt Excluding Amount Due Within One Year					$12,500,109			$12,139,149
Fair Value of Long-Term Debt (e)					$13,607,242			$12,439,785


(a)	Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage 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 to the financial statements for further discussion of the Waterford 3 and Grand Gulf lease obligations.

(e)

The fair value excludes lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $80 million at Entergy, and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

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, 2014, for the next five years are as follows:



	Amount
	(In Thousands)
2015		$310,566
2016		$765,821
2017		$266,801
2018		$1,336,396
2019		$1,492,107

Entergy Arkansas [Member]

Schedule Of Long-Term Debt


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)

The fair value excludes lease obligations of $128 million at Entergy Louisiana and $51 million at System Energy and long-term DOE obligations of $181 million at Entergy Arkansas, and includes debt due within one year. Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.


(d)	The bonds are secured by a series of collateral first mortgage bonds.



	2014			2013
	(In Thousands)
Entergy Arkansas
Mortgage Bonds:
5.0% Series due July 2018		$—			$115,000
3.75% Series due February 2021	350,000			350,000
3.05% Series due June 2023	250,000			250,000
3.7% Series due June 2024	375,000			—
5.66% Series due February 2025	175,000			175,000
5.9% Series due June 2033	100,000			100,000
6.38% Series due November 2034	60,000			60,000
5.75% Series due November 2040	225,000			225,000
4.95% Series due December 2044	250,000			—
4.9% Series due December 2052	200,000			200,000
4.75% Series due June 2063	125,000			125,000
Total mortgage bonds	2,110,000			1,600,000
Governmental Bonds (a):
1.55% Series due 2017, Jefferson County (d)	54,700			54,700
2.375% Series due 2021, Independence County (d)	45,000			45,000
Total governmental bonds	99,700			99,700
Variable Interest Entity Notes Payable (Note 4):
5.69% Series I due July 2014	—			70,000
3.23% Series J due July 2016	55,000			55,000
2.62% Series K due December 2017	60,000			60,000
3.65% Series L due July 2021	90,000			—
Total variable interest entity notes payable	205,000			185,000
Securitization Bonds:
2.30% Series Senior Secured due August 2021	76,185			88,986
Total securitization bonds	76,185			88,986
Other:
Long-term DOE Obligation (b)	181,329			181,253
Term Loan due January 2015, weighted avg rate 1.13%	—			250,000
Unamortized Premium and Discount – Net	(2,960		)	(1,242		)
Other	2,089			2,105
Total Long-Term Debt	2,671,343			2,405,802
Less Amount Due Within One Year	—			70,000
Long-Term Debt Excluding Amount Due Within One Year		$2,671,343			$2,335,802
Fair Value of Long-Term Debt (c)		$2,517,633			$2,142,527

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

Entergy Gulf States Louisiana [Member]

Schedule Of Long-Term Debt



	2014			2013
	(In Thousands)
Entergy Gulf States Louisiana
Mortgage Bonds:
6.0% Series due May 2018		$375,000			$375,000
3.95% Series due October 2020	250,000			250,000
5.59% Series due October 2024	300,000			300,000
3.78% Series due April 2025	110,000			—
6.2% Series due July 2033	240,000			240,000
6.18% Series due March 2035	85,000			85,000
Total mortgage bonds	1,360,000			1,250,000
Governmental Bonds (a):
2.875% Series due 2015, Louisiana Public Facilities Authority (d)	31,955			31,955
5.0% Series due 2028, Louisiana Public Facilities Authority (d)	83,680			83,680
Total governmental bonds	115,635			115,635
Variable Interest Entity Notes Payable (Note 4):
3.25% Series Q due July 2017	75,000			75,000
3.38% Series R due August 2020	70,000			70,000
Credit Facility due June 2016, weighted avg rate 1.38%	—			14,800
Total variable interest entity notes payable	145,000			159,800
Other:
Unamortized Premium and Discount – Net	(1,422		)	(1,574		)
Other	3,604			3,604
Total Long-Term Debt	1,622,817			1,527,465
Less Amount Due Within One Year	31,955			—
Long-Term Debt Excluding Amount Due Within One Year		$1,590,862			$1,527,465
Fair Value of Long-Term Debt (c)		$1,743,143			$1,631,308


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)


(d)	The bonds are secured by a series of collateral first mortgage bonds.

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

Entergy Louisiana [Member]

Schedule Of Long-Term Debt



	2014			2013
	(In Thousands)
Entergy Louisiana
Mortgage Bonds:
1.875% Series due December 2014		$—			$250,000
6.50% Series due September 2018	300,000			300,000
4.8% Series due May 2021	200,000			200,000
3.3% Series due December 2022	200,000			200,000
4.05% Series due September 2023	325,000			325,000
5.40% Series due November 2024	400,000			400,000
3.78% Series due April 2025	190,000			—
4.44% Series due January 2026	250,000			250,000
6.4% Series due October 2034	—			70,000
6.3% Series due September 2035	—			100,000
6.0% Series due March 2040	150,000			150,000
5.875% Series due June 2041	150,000			150,000
5.0% Series due July 2044	170,000			—
4.95% Series due January 2045	250,000			—
5.25% Series due July 2052	200,000			200,000
4.7% Series due June 2063	100,000			100,000
Total mortgage bonds	2,885,000			2,695,000
Governmental Bonds (a):
5.0% Series due 2030, Louisiana Public Facilities Authority (d)	115,000			115,000
Total governmental bonds	115,000			115,000
Variable Interest Entity Notes Payable (Note 4):
5.69% Series E due July 2014	—			50,000
3.30% Series F due March 2016	20,000			20,000
3.25% Series G due July 2017	25,000			25,000
3.92% Series H due February 2021	40,000			—
Total variable interest entity notes payable	85,000			95,000
Securitization Bonds:
2.04% Series Senior Secured due June 2021	143,064			164,993
Total securitization bonds	143,064			164,993
Other:
Waterford 3 Lease Obligation 7.45% (Note 10)	128,488			148,716
Unamortized Premium and Discount - Net	(3,719		)	(2,962		)
Other	3,746			3,769
Total Long-Term Debt	3,356,579			3,219,516
Less Amount Due Within One Year	19,525			320,231
Long-Term Debt Excluding Amount Due Within One Year		$3,337,054			$2,899,285
Fair Value of Long-Term Debt (c)		$3,447,404			$3,148,877


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)


(d)	The bonds are secured by a series of collateral first mortgage bonds.

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

Entergy Mississippi [Member]

Schedule Of Long-Term Debt



	2014			2013
	(In Thousands)
Entergy Mississippi
Mortgage Bonds:
3.25% Series due June 2016		$125,000			$125,000
4.95% Series due June 2018	—			95,000
6.64% Series due July 2019	150,000			150,000
3.1% Series due July 2023	250,000			250,000
3.75% Series due July 2024	100,000			—
6.0% Series due November 2032	75,000			75,000
6.25% Series due April 2034	100,000			100,000
6.20% Series due April 2040	80,000			80,000
6.0% Series due May 2051	150,000			150,000
Total mortgage bonds	1,030,000			1,025,000
Governmental Bonds (a):
4.90% Series due 2022, Independence County (d)	30,000			30,000
Total governmental bonds	30,000			30,000
Other:
Unamortized Premium and Discount – Net	(1,162		)	(1,330		)
Total Long-Term Debt	1,058,838			1,053,670
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$1,058,838			$1,053,670
Fair Value of Long-Term Debt (c)		$1,102,741			$1,067,006


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)


(d)	The bonds are secured by a series of collateral first mortgage bonds.

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

Entergy New Orleans [Member]

Schedule Of Long-Term Debt



	2014			2013
	(In Thousands)
Entergy New Orleans
Mortgage Bonds:
5.10% Series due December 2020		$25,000			$25,000
3.9% Series due July 2023	100,000			100,000
5.6% Series due September 2024	33,303			33,363
5.65% Series due September 2029	37,859			37,914
5.0% Series due December 2052	30,000			30,000
Total mortgage bonds	226,162			226,277
Other:
Unamortized Premium and Discount – Net	(296		)	(333		)
Total Long-Term Debt	225,866			225,944
Less Amount Due Within One Year	—			—
Long-Term Debt Excluding Amount Due Within One Year		$225,866			$225,944
Fair Value of Long-Term Debt (c)		$226,349			$217,692


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)


(d)	The bonds are secured by a series of collateral first mortgage bonds.

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

Entergy Texas [Member]

Schedule Of Long-Term Debt


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)


(d)	The bonds are secured by a series of collateral first mortgage bonds.



	2014			2013
	(In Thousands)
Entergy Texas
Mortgage Bonds:
3.60% Series due June 2015		$200,000			$200,000
7.125% Series due February 2019	500,000			500,000
4.1% Series due September 2021	75,000			75,000
7.875% Series due June 2039	—			150,000
5.625% Series due June 2064	135,000			—
Total mortgage bonds	910,000			925,000
Securitization Bonds:
2.12% Series Senior Secured, Series A due February 2016	13,816			54,047
5.79% Series Senior Secured, Series A due October 2018	74,194			97,414
3.65% Series Senior Secured, Series A due August 2019	144,800			144,800
5.93% Series Senior Secured, Series A due June 2022	114,400			114,400
4.38% Series Senior Secured, Series A due November 2023	218,600			218,600
Total securitization bonds	565,810			629,261
Other:
Unamortized Premium and Discount - Net	(1,769		)	(2,211		)
Other	4,890			4,889
Total Long-Term Debt	1,478,931			1,556,939
Less Amount Due Within One Year	200,000			—
Long-Term Debt Excluding Amount Due Within One Year		$1,278,931			$1,556,939
Fair Value of Long-Term Debt (c)		$1,629,124			$1,726,623

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

System Energy [Member]

Schedule Of Long-Term Debt



	2014			2013
	(In Thousands)
System Energy
Mortgage Bonds:
4.1% Series due April 2023		$250,000			$250,000
Total mortgage bonds	250,000			250,000
Governmental Bonds (a):
5.875% Series due 2022, Mississippi Business Finance Corp.	216,000			216,000
Total governmental bonds	216,000			216,000
Variable Interest Entity Notes Payable (Note 4):
5.33% Series G due April 2015	60,000			60,000
4.02% Series H due February 2017	50,000			50,000
3.78% Series I due October 2018	85,000			85,000
Total variable interest entity notes payable	195,000			195,000
Other:
Grand Gulf Lease Obligation 5.13% (Note 10)	50,671			97,414
Unamortized Premium and Discount – Net	(867		)	(981		)
Other	2			3
Total Long-Term Debt	710,806			757,436
Less Amount Due Within One Year	76,310			48,653
Long-Term Debt Excluding Amount Due Within One Year		$634,496			$708,783
Fair Value of Long-Term Debt (c)		$677,475			$664,890


(a)	Consists of pollution control revenue bonds and environmental revenue bonds.

(b)

(c)


(d)	The bonds are secured by a series of collateral first mortgage bonds.

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, 2014, for the next five years are as follows:



	Entergy Arkansas		Entergy Gulf States Louisiana		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
2015		$—		$31,955		$—		$—		$—		$200,000		$60,000
2016		$55,000		$—		$20,000		$125,000		$—		$13,816		$—
2017		$114,700		$75,000		$25,000		$—		$—		$—		$50,000
2018		$—		$375,000		$300,000		$—		$—		$74,194		$85,000
2019		$—		$—		$—		$150,000		$—		$644,800		$—

Hurricane Rita [Member] | Entergy Texas [Member]

Schedule Of Senior Secured Transition Bonds

In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:



	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 Ike And Hurricane Gustav [Member] | Entergy Texas [Member]

Schedule Of Senior Secured Transition Bonds

In November 2009, Entergy Texas Restoration Funding, LLC (Entergy Texas Restoration Funding), a company wholly-owned and consolidated by Entergy Texas, issued $545.9 million of senior secured transition bonds (securitization bonds), as follows:



	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