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Leases (Tables)
12 Months Ended
Dec. 31, 2014
Components Of Minimum Lease Payments
As of December 31, 2014, Entergy had capital leases and non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases and the Grand Gulf and Waterford 3 sale and leaseback transactions, all of which are discussed elsewhere):
 
Year
 
Operating
Leases
 
Capital
Leases
 
 
(In Thousands)
2015
 

$90,010

 

$4,615

2016
 
77,060

 
4,457

2017
 
62,103

 
4,457

2018
 
49,630

 
3,672

2019
 
47,527

 
2,887

Years thereafter
 
95,530

 
27,664

Minimum lease payments
 
421,860

 
47,752

Less:  Amount representing interest
 

 
15,773

Present value of net minimum lease payments
 

$421,860

 

$31,979

Purchase Power Agreement Minimum Lease Payments
The minimum lease payments under the power purchase agreement are as follows:

 
 
Year
 
Entergy Texas (a)
 
Entergy
 
 
(In Thousands)

2015
 

$28,450

 

$28,450

2016
 
29,104

 
29,104

2017
 
29,772

 
29,772

2018
 
30,458

 
30,458

2019
 
31,158

 
31,158

Years thereafter
 
74,664

 
74,664

Minimum lease payments
 
223,606

 
223,606

Entergy Arkansas [Member]  
Components Of Minimum Lease Payments
As of December 31, 2014 the Registrant Subsidiaries had a capital lease and non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases and the Grand Gulf and Waterford 3 sale and leaseback transactions, all of which are discussed elsewhere):

Capital Leases
 
Year
 
Entergy
Mississippi
 
 
(in Thousands)
2015
 

$1,570

2016
 
1,570

2017
 
1,570

2018
 
785

2019
 

Years thereafter
 

Minimum lease payments
 
5,495

Less:  Amount representing interest
 
656

Present value of net minimum lease payments
 

$4,839


Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2015
 

$28,647

 

$12,643

 

$11,006

 

$6,885

 

$2,115

 

$5,837

2016
 
23,674

 
10,880

 
9,695

 
5,388

 
1,856

 
5,111

2017
 
16,501

 
10,035

 
7,784

 
4,020

 
1,587

 
4,239

2018
 
10,736

 
9,100

 
6,343

 
3,376

 
1,264

 
3,707

2019
 
11,365

 
10,795

 
5,003

 
3,073

 
1,087

 
2,719

Years thereafter
 
8,412

 
26,671

 
5,458

 
3,212

 
2,227

 
2,981

Minimum lease payments
 

$99,335

 

$80,124

 

$45,289

 

$25,954

 

$10,136

 

$24,594

Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Entergy Gulf States Louisiana [Member]  
Components Of Minimum Lease Payments
Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2015
 

$28,647

 

$12,643

 

$11,006

 

$6,885

 

$2,115

 

$5,837

2016
 
23,674

 
10,880

 
9,695

 
5,388

 
1,856

 
5,111

2017
 
16,501

 
10,035

 
7,784

 
4,020

 
1,587

 
4,239

2018
 
10,736

 
9,100

 
6,343

 
3,376

 
1,264

 
3,707

2019
 
11,365

 
10,795

 
5,003

 
3,073

 
1,087

 
2,719

Years thereafter
 
8,412

 
26,671

 
5,458

 
3,212

 
2,227

 
2,981

Minimum lease payments
 

$99,335

 

$80,124

 

$45,289

 

$25,954

 

$10,136

 

$24,594

Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Purchase Power Agreement Minimum Lease Payments
The minimum lease payments under the power purchase agreement are as follows:

 
 
Year
 
Entergy Texas (a)
 
Entergy
 
 
(In Thousands)

2015
 

$28,450

 

$28,450

2016
 
29,104

 
29,104

2017
 
29,772

 
29,772

2018
 
30,458

 
30,458

2019
 
31,158

 
31,158

Years thereafter
 
74,664

 
74,664

Minimum lease payments
 
223,606

 
223,606

Entergy Louisiana [Member]  
Components Of Minimum Lease Payments
Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2015
 

$28,647

 

$12,643

 

$11,006

 

$6,885

 

$2,115

 

$5,837

2016
 
23,674

 
10,880

 
9,695

 
5,388

 
1,856

 
5,111

2017
 
16,501

 
10,035

 
7,784

 
4,020

 
1,587

 
4,239

2018
 
10,736

 
9,100

 
6,343

 
3,376

 
1,264

 
3,707

2019
 
11,365

 
10,795

 
5,003

 
3,073

 
1,087

 
2,719

Years thereafter
 
8,412

 
26,671

 
5,458

 
3,212

 
2,227

 
2,981

Minimum lease payments
 

$99,335

 

$80,124

 

$45,289

 

$25,954

 

$10,136

 

$24,594

Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Future Minimum Lease Payments Sale Leaseback Transactions
As of December 31, 2014, Entergy Louisiana, in connection with the Waterford 3 sale and leaseback transactions, had future minimum lease payments (reflecting an overall implicit rate of 7.45%) that are recorded as long-term debt, as follows:
 
Amount
 
(In Thousands)
 
 
2015

$28,827

2016
16,938

2017
106,335

2018

2019

Years thereafter

Total
152,100

Less: Amount representing interest
23,612

Present value of net minimum lease payments

$128,488

Entergy Mississippi [Member]  
Components Of Minimum Lease Payments
As of December 31, 2014 the Registrant Subsidiaries had a capital lease and non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases and the Grand Gulf and Waterford 3 sale and leaseback transactions, all of which are discussed elsewhere):

Capital Leases
 
Year
 
Entergy
Mississippi
 
 
(in Thousands)
2015
 

$1,570

2016
 
1,570

2017
 
1,570

2018
 
785

2019
 

Years thereafter
 

Minimum lease payments
 
5,495

Less:  Amount representing interest
 
656

Present value of net minimum lease payments
 

$4,839


Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2015
 

$28,647

 

$12,643

 

$11,006

 

$6,885

 

$2,115

 

$5,837

2016
 
23,674

 
10,880

 
9,695

 
5,388

 
1,856

 
5,111

2017
 
16,501

 
10,035

 
7,784

 
4,020

 
1,587

 
4,239

2018
 
10,736

 
9,100

 
6,343

 
3,376

 
1,264

 
3,707

2019
 
11,365

 
10,795

 
5,003

 
3,073

 
1,087

 
2,719

Years thereafter
 
8,412

 
26,671

 
5,458

 
3,212

 
2,227

 
2,981

Minimum lease payments
 

$99,335

 

$80,124

 

$45,289

 

$25,954

 

$10,136

 

$24,594

Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Entergy New Orleans [Member]  
Components Of Minimum Lease Payments
Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2015
 

$28,647

 

$12,643

 

$11,006

 

$6,885

 

$2,115

 

$5,837

2016
 
23,674

 
10,880

 
9,695

 
5,388

 
1,856

 
5,111

2017
 
16,501

 
10,035

 
7,784

 
4,020

 
1,587

 
4,239

2018
 
10,736

 
9,100

 
6,343

 
3,376

 
1,264

 
3,707

2019
 
11,365

 
10,795

 
5,003

 
3,073

 
1,087

 
2,719

Years thereafter
 
8,412

 
26,671

 
5,458

 
3,212

 
2,227

 
2,981

Minimum lease payments
 

$99,335

 

$80,124

 

$45,289

 

$25,954

 

$10,136

 

$24,594

Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Entergy Texas [Member]  
Components Of Minimum Lease Payments
Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2015
 

$28,647

 

$12,643

 

$11,006

 

$6,885

 

$2,115

 

$5,837

2016
 
23,674

 
10,880

 
9,695

 
5,388

 
1,856

 
5,111

2017
 
16,501

 
10,035

 
7,784

 
4,020

 
1,587

 
4,239

2018
 
10,736

 
9,100

 
6,343

 
3,376

 
1,264

 
3,707

2019
 
11,365

 
10,795

 
5,003

 
3,073

 
1,087

 
2,719

Years thereafter
 
8,412

 
26,671

 
5,458

 
3,212

 
2,227

 
2,981

Minimum lease payments
 

$99,335

 

$80,124

 

$45,289

 

$25,954

 

$10,136

 

$24,594

Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Purchase Power Agreement Minimum Lease Payments
The minimum lease payments under the power purchase agreement are as follows:

 
 
Year
 
Entergy Texas (a)
 
Entergy
 
 
(In Thousands)

2015
 

$28,450

 

$28,450

2016
 
29,104

 
29,104

2017
 
29,772

 
29,772

2018
 
30,458

 
30,458

2019
 
31,158

 
31,158

Years thereafter
 
74,664

 
74,664

Minimum lease payments
 
223,606

 
223,606

System Energy [Member]  
Rent Expenses
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
Entergy
Gulf States
Louisiana
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2014
 

$12.0

 

$10.9

 

$9.8

 

$4.3

 

$1.2

 

$3.8

 

$2.0

2013
 

$12.0

 

$10.9

 

$10.1

 

$4.6

 

$1.3

 

$4.1

 

$2.5

2012
 

$12.6

 

$11.9

 

$11.2

 

$5.5

 

$1.5

 

$6.4

 

$1.5

Future Minimum Lease Payments Sale Leaseback Transactions
As of December 31, 2014, System Energy, in connection with the Grand Gulf sale and leaseback transactions, had future minimum lease payments (reflecting an implicit rate of 5.13%) that are recorded as long-term debt, as follows:
 
Amount
 
(In Thousands)
 
 
2015

$52,253

2016
13,750

2017
13,750

2018
13,750

2019
13,750

Years thereafter
233,750

Total
341,003

Less: Amount representing interest
290,332

Present value of net minimum lease payments

$50,671