Risk Management And Fair Values (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Inputs Liabilities Quantitative Information

The following table sets forth a description of the types of transactions classified as Level 3 in the fair value hierarchy and significant unobservable inputs to each which cause that classification, as of December 31, 2014:

Transaction Type	Fair Value as of December 31, 2014	Significant Unobservable Inputs	Range from Average %	Effect on Fair Value
	(In Millions)			(In Millions)
Electricity swaps	$165	Unit contingent discount	+/-3%	$10
Electricity options	$50	Implied volatility	+/-130%	$43

Fair Values Of Derivative Instruments

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2014 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.

Instrument	Balance Sheet Location	Fair Value (a)	Offset (b)	Net (c) (d)	Business
		(In Millions)
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$149	($53)	$96	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$48	$—	$48	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$24	($24)	$—	Entergy Wholesale Commodities

Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$97	($25)	$72	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$9	($8)	$1	Entergy Wholesale Commodities
FTRs	Prepayments and other	$50	($3)	$47	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$57	($55)	$2	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$8	($8)	$—	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$20	$—	$20	Utility

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2013 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting agreements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.

Instrument	Balance Sheet Location	Fair Value (a)	Offset (b)	Net (c) (d)	Business
		(In Millions)
Derivatives designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$118	($99)	$19	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$17	($17)	$—	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$197	($131)	$66	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$46	($17)	$29	Entergy Wholesale Commodities

Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$177	($122)	$55	Entergy Wholesale Commodities
Natural gas swaps	Prepayments and other	$6	$—	$6	Utility
FTRs	Prepayments and other	$36	($2)	$34	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$201	($89)	$112	Entergy Wholesale Commodities

(a) Represents the gross amounts of recognized assets/liabilities

(b) Represents the netting of fair value balances with the same counterparty

(c) Represents the net amounts of assets/liabilities presented on the Entergy Consolidated Balance Sheets

(d) Excludes cash collateral in the amounts of $25 million held as of December 31, 2014 and $47 million posted and $4 million held as of December 31, 2013, respectively

Derivative Instruments Designated As Cash Flow Hedges On Consolidated Statements Of Income

The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Amount of gain (loss) recognized in other comprehensive income	Income Statement location	Amount of gain (loss) reclassified from AOCI into income (a)
	(In Millions)		(In Millions)
2014
Electricity swaps and options	$81	Competitive business operating revenues	($193)
2013
Electricity swaps and options	($190)	Competitive business operating revenues	$47
2012
Electricity swaps and options	$111	Competitive business operating revenues	$268

(a) Before taxes of ($68) million, $18 million, and $94 million, for the years ended December 31, 2014, 2013, and 2012, respectively

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the years ended December 31, 2014, 2013, and 2012 is as follows:

Instrument	Amount of gain (loss) recognized in AOCI	Income Statement location		Amount of gain (loss) recorded in the income statement
	(In Millions)			(In Millions)
2014
Natural gas swaps	—	Fuel, fuel-related expenses, and gas purchased for resale	(a)	($8)
FTRs	—	Purchased power expense	(b)	$229
Electricity swaps and options	($13)	Competitive business operating revenues		$56
2013
Natural gas swaps	—	Fuel, fuel-related expenses, and gas purchased for resale	(a)	$13
FTRs	—	Purchased power	(b)	$3
Electricity swaps and options	$1	Competitive business operating revenues		($50)
2012
Natural gas swaps	—	Fuel, fuel-related expenses, and gas purchased for resale	(a)	($42)
Electricity swaps and options	$1	Competitive business operating revenues		$1

(a) Due to regulatory treatment, the natural gas swaps are marked-to-market through fuel, fuel-related expenses, and gas purchased for resale and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as fuel expenses when the swaps are settled are recovered or refunded through fuel cost recovery mechanisms.

(b) Due to regulatory treatment, the changes in the estimated fair value of FTRs for the Utility operating companies are recorded through purchased power expense and then such amounts are simultaneously reversed and recorded as an offsetting regulatory asset or liability.  The gains or losses recorded as purchased power expense when the FTRs for the Utility operating companies are settled are recovered or refunded through fuel cost recovery mechanisms.

Assets and liabilities at fair value on a recurring basis

The following tables set forth, by level within the fair value hierarchy, Entergy’s assets and liabilities that are accounted for at fair value on a recurring basis as of December 31, 2014 and December 31, 2013.  The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.

2014	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$1,291		$—			$—		$1,291
Decommissioning trust funds (a):
Equity securities	452		2,834		(b)	—		3,286
Debt securities	880		1,205			—		2,085
Power contracts	—		—			217		217
Securitization recovery trust account	44		—			—		44
Escrow accounts	362		—			—		362
FTRs	—		—			47		47
		$3,029		$4,039			$264		$7,332
Liabilities:
Power contracts		$—		$—			$2		$2
Gas hedge contracts	20		—			—		20
		$20		$—			$2		$22

2013	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$609		$—			$—		$609
Decommissioning trust funds (a):
Equity securities	472		2,601		(b)	—		3,073
Debt securities	783		1,047			—		1,830
Power contracts	—		—			74		74
Securitization recovery trust account	46		—			—		46
Escrow accounts	115		—			—		115
Gas hedge contracts	6		—			—		6
FTRs	—		—			34		34
		$2,031		$3,648			$108		$5,787
Liabilities:
Power contracts		$—		$—			$207		$207

(a) The decommissioning trust funds hold equity and fixed income securities. Equity securities are invested to approximate the returns of major market indices.  Fixed income securities are held in various governmental and corporate securities.  See Note 17 to the financial statements for additional information on the investment portfolios.

(b) Commingled equity funds may be redeemed semi-monthly.

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the years ended December 31, 2014, 2013, and 2012:

	2014						2013						2012
	Power Contracts			FTRs			Power Contracts			FTRs			Power Contracts
	(In Millions)
Balance as of January 1,		($133	)		$34			$178			$—			$312
Realized losses included in earnings	(65		)	—			(38		)	—			(11		)
Unrealized gains (losses) included in earnings	120			2			(35		)	—			(4		)
Unrealized gains (losses) included in OCI	131			—			(204		)	—			140
Unrealized gains included as a regulatory liability / asset	—			119			—			—			—
Issuances of FTRs	—			121			—			37			—
Purchases	17			—			14			—			9
Settlements	145			(229		)	(48		)	(3		)	(268		)
Balance as of December 31,		$215			$47			($133	)		$34			$178

Entergy Arkansas [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2014 and 2013 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
2014
Assets:
FTRs	Prepayments and other	$0.7	Entergy Arkansas
FTRs	Prepayments and other	$14.4	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$11.1	Entergy Louisiana
FTRs	Prepayments and other	$3.4	Entergy Mississippi
FTRs	Prepayments and other	$4.1	Entergy New Orleans
FTRs	Prepayments and other	$12.3	Entergy Texas
Liabilities:
Natural gas swaps	Other current liabilities	$8.2	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$7.6	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.8	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.9	Entergy New Orleans
2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1	Entergy New Orleans
FTRs	Prepayments and other	$6.7	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7	Entergy Louisiana
FTRs	Prepayments and other	$1.0	Entergy Mississippi
FTRs	Prepayments and other	$2.0	Entergy New Orleans
FTRs	Prepayments and other	$18.4	Entergy Texas

(a) No cash collateral was required to be posted as of December 31, 2014 and 2013, respectively.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement	Registrant
		(In Millions)
2014
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.6)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.2)	Entergy New Orleans
FTRs	Purchased power	$21.6	Entergy Arkansas
FTRs	Purchased power	$56.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$47.2	Entergy Louisiana
FTRs	Purchased power	$19.0	Entergy Mississippi
FTRs	Purchased power	$16.5	Entergy New Orleans
FTRs	Purchased power	$65.8	Entergy Texas
2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1	Entergy New Orleans
FTRs	Purchased power	($0.1)	Entergy Arkansas
FTRs	Purchased power	$0.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$0.2	Entergy Louisiana
FTRs	Purchased power	$1.0	Entergy Mississippi
FTRs	Purchased power	$1.2	Entergy New Orleans
FTRs	Purchased power	$0.8	Entergy Texas
2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

The following table sets forth, by level within the fair value hierarchy, the Registrant Subsidiaries’ assets that are accounted for at fair value on a recurring basis as of December 31, 2014 and December 31, 2013.  The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect its placement within the fair value hierarchy levels.

Entergy Arkansas

2014	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$208.0		$—			$—		$208.0
Decommissioning trust funds (a):
Equity securities	7.2		480.1		(b)	—		487.3
Debt securities	72.2		210.4			—		282.6
Securitization recovery trust account	4.1		—			—		4.1
Escrow accounts	12.2		—			—		12.2
FTRs	—		—			0.7		0.7
		$303.7		$690.5			$0.7		$994.9

2013	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$122.8		$—			$—		$122.8
Decommissioning trust funds (a):
Equity securities	13.6		449.7		(b)	—		463.3
Debt securities	58.6		189.0			—		247.6
Securitization recovery trust account	3.8		—			—		3.8
Escrow accounts	26.0		—			—		26.0
		$224.8		$638.7			$—		$863.5

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2014.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$6.7			$5.7			$1.0			$2.0			$18.4
Issuances of FTRs	4.2			37.3			21.5			15.2			8.3			33.2
Unrealized gains (losses) included as a regulatory liability / asset	18.1			26.7			31.1			6.2			10.3			26.5
Settlements	(21.6		)	(56.3		)	(47.2		)	(19.0		)	(16.5		)	(65.8		)
Balance as of December 31,		$0.7			$14.4			$11.1			$3.4			$4.1			$12.3

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2013.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability / asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Gulf States Louisiana [Member]

Fair Values Of Derivative Instruments

he fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2014 and 2013 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
2014
Assets:
FTRs	Prepayments and other	$0.7	Entergy Arkansas
FTRs	Prepayments and other	$14.4	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$11.1	Entergy Louisiana
FTRs	Prepayments and other	$3.4	Entergy Mississippi
FTRs	Prepayments and other	$4.1	Entergy New Orleans
FTRs	Prepayments and other	$12.3	Entergy Texas
Liabilities:
Natural gas swaps	Other current liabilities	$8.2	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$7.6	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.8	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.9	Entergy New Orleans
2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1	Entergy New Orleans
FTRs	Prepayments and other	$6.7	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7	Entergy Louisiana
FTRs	Prepayments and other	$1.0	Entergy Mississippi
FTRs	Prepayments and other	$2.0	Entergy New Orleans
FTRs	Prepayments and other	$18.4	Entergy Texas

(a) No cash collateral was required to be posted as of December 31, 2014 and 2013, respectively.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement	Registrant
		(In Millions)
2014
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.6)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.2)	Entergy New Orleans
FTRs	Purchased power	$21.6	Entergy Arkansas
FTRs	Purchased power	$56.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$47.2	Entergy Louisiana
FTRs	Purchased power	$19.0	Entergy Mississippi
FTRs	Purchased power	$16.5	Entergy New Orleans
FTRs	Purchased power	$65.8	Entergy Texas
2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1	Entergy New Orleans
FTRs	Purchased power	($0.1)	Entergy Arkansas
FTRs	Purchased power	$0.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$0.2	Entergy Louisiana
FTRs	Purchased power	$1.0	Entergy Mississippi
FTRs	Purchased power	$1.2	Entergy New Orleans
FTRs	Purchased power	$0.8	Entergy Texas
2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

2014	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$109.6		$—			$—		$109.6
Decommissioning trust funds (a):
Equity securities	10.5		385.4		(b)	—		395.9
Debt securities	81.9		159.9			—		241.8
Escrow accounts	90.1		—			—		90.1
FTRs	—		—			14.4		14.4
		$292.1		$545.3			$14.4		$851.8
Liabilities:
Gas hedge contracts		$8.2		$—			$—		$8.2

2013	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$13.8		$—			$—		$13.8
Decommissioning trust funds (a):
Equity securities	27.6		343.2		(b)	—		370.8
Debt securities	71.7		131.2			—		202.9
Escrow accounts	21.5		—			—		21.5
Gas hedge contracts	2.2		—			—		2.2
FTRs	—		—			6.7		6.7
		$136.8		$474.4			$6.7		$617.9

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2014.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$6.7			$5.7			$1.0			$2.0			$18.4
Issuances of FTRs	4.2			37.3			21.5			15.2			8.3			33.2
Unrealized gains (losses) included as a regulatory liability / asset	18.1			26.7			31.1			6.2			10.3			26.5
Settlements	(21.6		)	(56.3		)	(47.2		)	(19.0		)	(16.5		)	(65.8		)
Balance as of December 31,		$0.7			$14.4			$11.1			$3.4			$4.1			$12.3

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2013.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability / asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Louisiana [Member]

Fair Values Of Derivative Instruments

he fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2014 and 2013 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
2014
Assets:
FTRs	Prepayments and other	$0.7	Entergy Arkansas
FTRs	Prepayments and other	$14.4	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$11.1	Entergy Louisiana
FTRs	Prepayments and other	$3.4	Entergy Mississippi
FTRs	Prepayments and other	$4.1	Entergy New Orleans
FTRs	Prepayments and other	$12.3	Entergy Texas
Liabilities:
Natural gas swaps	Other current liabilities	$8.2	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$7.6	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.8	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.9	Entergy New Orleans
2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1	Entergy New Orleans
FTRs	Prepayments and other	$6.7	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7	Entergy Louisiana
FTRs	Prepayments and other	$1.0	Entergy Mississippi
FTRs	Prepayments and other	$2.0	Entergy New Orleans
FTRs	Prepayments and other	$18.4	Entergy Texas

(a) No cash collateral was required to be posted as of December 31, 2014 and 2013, respectively.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement	Registrant
		(In Millions)
2014
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.6)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.2)	Entergy New Orleans
FTRs	Purchased power	$21.6	Entergy Arkansas
FTRs	Purchased power	$56.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$47.2	Entergy Louisiana
FTRs	Purchased power	$19.0	Entergy Mississippi
FTRs	Purchased power	$16.5	Entergy New Orleans
FTRs	Purchased power	$65.8	Entergy Texas
2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1	Entergy New Orleans
FTRs	Purchased power	($0.1)	Entergy Arkansas
FTRs	Purchased power	$0.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$0.2	Entergy Louisiana
FTRs	Purchased power	$1.0	Entergy Mississippi
FTRs	Purchased power	$1.2	Entergy New Orleans
FTRs	Purchased power	$0.8	Entergy Texas
2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

2014	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$157.1		$—			$—		$157.1
Decommissioning trust funds (a):
Equity securities	4.8		234.8		(b)	—		239.6
Debt securities	68.7		75.3			—		144.0
Securitization recovery trust account	3.1		—			—		3.1
Escrow accounts	200.1		—			—		200.1
FTRs	—		—			11.1		11.1
		$433.8		$310.1			$11.1		$755.0
Liabilities:
Gas hedge contracts		$7.6		$—			$—		$7.6

2013	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$123.6		$—			$—		$123.6
Decommissioning trust funds (a):
Equity securities	13.5		210.7		(b)	—		224.2
Debt securities	61.7		61.4			—		123.1
Securitization recovery trust account	4.5		—			—		4.5
Gas hedge contracts	2.9		—			—		2.9
FTRs	—		—			5.7		5.7
		$206.2		$272.1			$5.7		$484.0

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2014.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$6.7			$5.7			$1.0			$2.0			$18.4
Issuances of FTRs	4.2			37.3			21.5			15.2			8.3			33.2
Unrealized gains (losses) included as a regulatory liability / asset	18.1			26.7			31.1			6.2			10.3			26.5
Settlements	(21.6		)	(56.3		)	(47.2		)	(19.0		)	(16.5		)	(65.8		)
Balance as of December 31,		$0.7			$14.4			$11.1			$3.4			$4.1			$12.3

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2013.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability / asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Mississippi [Member]

Fair Values Of Derivative Instruments

he fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2014 and 2013 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
2014
Assets:
FTRs	Prepayments and other	$0.7	Entergy Arkansas
FTRs	Prepayments and other	$14.4	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$11.1	Entergy Louisiana
FTRs	Prepayments and other	$3.4	Entergy Mississippi
FTRs	Prepayments and other	$4.1	Entergy New Orleans
FTRs	Prepayments and other	$12.3	Entergy Texas
Liabilities:
Natural gas swaps	Other current liabilities	$8.2	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$7.6	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.8	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.9	Entergy New Orleans
2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1	Entergy New Orleans
FTRs	Prepayments and other	$6.7	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7	Entergy Louisiana
FTRs	Prepayments and other	$1.0	Entergy Mississippi
FTRs	Prepayments and other	$2.0	Entergy New Orleans
FTRs	Prepayments and other	$18.4	Entergy Texas

(a) No cash collateral was required to be posted as of December 31, 2014 and 2013, respectively.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement	Registrant
		(In Millions)
2014
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.6)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.2)	Entergy New Orleans
FTRs	Purchased power	$21.6	Entergy Arkansas
FTRs	Purchased power	$56.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$47.2	Entergy Louisiana
FTRs	Purchased power	$19.0	Entergy Mississippi
FTRs	Purchased power	$16.5	Entergy New Orleans
FTRs	Purchased power	$65.8	Entergy Texas
2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1	Entergy New Orleans
FTRs	Purchased power	($0.1)	Entergy Arkansas
FTRs	Purchased power	$0.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$0.2	Entergy Louisiana
FTRs	Purchased power	$1.0	Entergy Mississippi
FTRs	Purchased power	$1.2	Entergy New Orleans
FTRs	Purchased power	$0.8	Entergy Texas
2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

2014	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$60.4		$—		$—		$60.4
Escrow accounts	41.8		—		—		41.8
FTRs	—		—		3.4		3.4
		$102.2		$—		$3.4		$105.6
Liabilities:
Gas hedge contracts		$2.8		$—		$—		$2.8

2013	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Escrow accounts		$51.8		$—		$—		$51.8
Gas hedge contracts	0.7		—		—		0.7
FTRs	—		—		1.0		1.0
		$52.5		$—		$1.0		$53.5

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2014.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$6.7			$5.7			$1.0			$2.0			$18.4
Issuances of FTRs	4.2			37.3			21.5			15.2			8.3			33.2
Unrealized gains (losses) included as a regulatory liability / asset	18.1			26.7			31.1			6.2			10.3			26.5
Settlements	(21.6		)	(56.3		)	(47.2		)	(19.0		)	(16.5		)	(65.8		)
Balance as of December 31,		$0.7			$14.4			$11.1			$3.4			$4.1			$12.3

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2013.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability / asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy New Orleans [Member]

Fair Values Of Derivative Instruments

he fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2014 and 2013 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
2014
Assets:
FTRs	Prepayments and other	$0.7	Entergy Arkansas
FTRs	Prepayments and other	$14.4	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$11.1	Entergy Louisiana
FTRs	Prepayments and other	$3.4	Entergy Mississippi
FTRs	Prepayments and other	$4.1	Entergy New Orleans
FTRs	Prepayments and other	$12.3	Entergy Texas
Liabilities:
Natural gas swaps	Other current liabilities	$8.2	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$7.6	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.8	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.9	Entergy New Orleans
2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1	Entergy New Orleans
FTRs	Prepayments and other	$6.7	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7	Entergy Louisiana
FTRs	Prepayments and other	$1.0	Entergy Mississippi
FTRs	Prepayments and other	$2.0	Entergy New Orleans
FTRs	Prepayments and other	$18.4	Entergy Texas

(a) No cash collateral was required to be posted as of December 31, 2014 and 2013, respectively.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement	Registrant
		(In Millions)
2014
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.6)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.2)	Entergy New Orleans
FTRs	Purchased power	$21.6	Entergy Arkansas
FTRs	Purchased power	$56.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$47.2	Entergy Louisiana
FTRs	Purchased power	$19.0	Entergy Mississippi
FTRs	Purchased power	$16.5	Entergy New Orleans
FTRs	Purchased power	$65.8	Entergy Texas
2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1	Entergy New Orleans
FTRs	Purchased power	($0.1)	Entergy Arkansas
FTRs	Purchased power	$0.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$0.2	Entergy Louisiana
FTRs	Purchased power	$1.0	Entergy Mississippi
FTRs	Purchased power	$1.2	Entergy New Orleans
FTRs	Purchased power	$0.8	Entergy Texas
2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

2014	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$41.4		$—		$—		$41.4
Escrow accounts	18.0		—		—		18.0
FTRs	—		—		4.1		4.1
		$59.4		$—		$4.1		$63.5
Liabilities:
Gas hedge contracts		$0.9		$—		$—		$0.9

2013	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$33.2		$—		$—		$33.2
Escrow accounts	10.5		—		—		10.5
Gas hedge contracts	0.1		—		—		0.1
FTRs	—		—		2.0		2.0
		$43.8		$—		$2.0		$45.8

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2014.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$6.7			$5.7			$1.0			$2.0			$18.4
Issuances of FTRs	4.2			37.3			21.5			15.2			8.3			33.2
Unrealized gains (losses) included as a regulatory liability / asset	18.1			26.7			31.1			6.2			10.3			26.5
Settlements	(21.6		)	(56.3		)	(47.2		)	(19.0		)	(16.5		)	(65.8		)
Balance as of December 31,		$0.7			$14.4			$11.1			$3.4			$4.1			$12.3

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2013.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability / asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Texas [Member]

Fair Values Of Derivative Instruments

he fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2014 and 2013 are as follows:

Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
2014
Assets:
FTRs	Prepayments and other	$0.7	Entergy Arkansas
FTRs	Prepayments and other	$14.4	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$11.1	Entergy Louisiana
FTRs	Prepayments and other	$3.4	Entergy Mississippi
FTRs	Prepayments and other	$4.1	Entergy New Orleans
FTRs	Prepayments and other	$12.3	Entergy Texas
Liabilities:
Natural gas swaps	Other current liabilities	$8.2	Entergy Gulf States Louisiana
Natural gas swaps	Other current liabilities	$7.6	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.8	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.9	Entergy New Orleans
2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1	Entergy New Orleans
FTRs	Prepayments and other	$6.7	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7	Entergy Louisiana
FTRs	Prepayments and other	$1.0	Entergy Mississippi
FTRs	Prepayments and other	$2.0	Entergy New Orleans
FTRs	Prepayments and other	$18.4	Entergy Texas

(a) No cash collateral was required to be posted as of December 31, 2014 and 2013, respectively.

Derivative Instruments Not Designated As Hedging Instruments On The Consolidated Statements Of Income

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2014, 2013, and 2012 are as follows:

Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement	Registrant
		(In Millions)
2014
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.6)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($2.5)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.2)	Entergy New Orleans
FTRs	Purchased power	$21.6	Entergy Arkansas
FTRs	Purchased power	$56.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$47.2	Entergy Louisiana
FTRs	Purchased power	$19.0	Entergy Mississippi
FTRs	Purchased power	$16.5	Entergy New Orleans
FTRs	Purchased power	$65.8	Entergy Texas
2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1	Entergy New Orleans
FTRs	Purchased power	($0.1)	Entergy Arkansas
FTRs	Purchased power	$0.3	Entergy Gulf States Louisiana
FTRs	Purchased power	$0.2	Entergy Louisiana
FTRs	Purchased power	$1.0	Entergy Mississippi
FTRs	Purchased power	$1.2	Entergy New Orleans
FTRs	Purchased power	$0.8	Entergy Texas
2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

2014	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$28.7		$—		$—		$28.7
Securitization recovery trust account	37.2		—		—		37.2
FTRs	—		—		12.3		12.3
		$65.9		$—		$12.3		$78.2

2013	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$44.1		$—		$—		$44.1
Securitization recovery trust account	37.5		—		—		37.5
FTRs	—		—		18.4		18.4
		$81.6		$—		$18.4		$100.0

Reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2014.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$6.7			$5.7			$1.0			$2.0			$18.4
Issuances of FTRs	4.2			37.3			21.5			15.2			8.3			33.2
Unrealized gains (losses) included as a regulatory liability / asset	18.1			26.7			31.1			6.2			10.3			26.5
Settlements	(21.6		)	(56.3		)	(47.2		)	(19.0		)	(16.5		)	(65.8		)
Balance as of December 31,		$0.7			$14.4			$11.1			$3.4			$4.1			$12.3

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the year ended December 31, 2013.

	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability / asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

System Energy [Member]

Assets and liabilities at fair value on a recurring basis

2014	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$222.4		$—			$—		$222.4
Decommissioning trust funds (a):
Equity securities	2.0		422.5		(b)	—		424.5
Debt securities	194.2		61.1			—		255.3
		$418.6		$483.6			$—		$902.2

2013	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$64.6		$—			$—		$64.6
Decommissioning trust funds (a):
Equity securities	2.2		377.8		(b)	—		380.0
Debt securities	152.9		71.0			—		223.9
		$219.7		$448.8			$—		$668.5