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Risk Management And Fair Values (Tables)

9 Months Ended

Sep. 30, 2016

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of September 30, 2016 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)	$67	($17)	$50	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$20	($5)	$15	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$1	($1)	$—	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$2	($2)	$—	Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$42	($17)	$25	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$6	($1)	$5	Entergy Wholesale Commodities
FTRs	Prepayments and other	$32	($1)	$31	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities(current portion)	$34	($34)	$—	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$3	($3)	$—	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$1	$—	$1	Utility

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2015 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)	$173	($34)	$139	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$17	($2)	$15	Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$14	($14)	$—	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)	$2	($2)	$—	Entergy Wholesale Commodities
Derivatives not designated as hedging instruments
Assets:
Electricity swaps and options	Prepayments and other (current portion)	$54	($13)	$41	Entergy Wholesale Commodities
FTRs	Prepayments and other	$24	($1)	$23	Utility and Entergy Wholesale Commodities
Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$38	($32)	$6	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$9	$—	$9	Utility

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

The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated statements of operations for the three months ended September 30, 2016 and 2015 are as follows:



Instrument	Amount of gain recognized in other comprehensive income	Income Statement location	Amount of gain reclassified from AOCI into income (a)
	(In Millions)		(In Millions)
2016
Electricity swaps and options	$70	Competitive businesses operating revenues	$37

2015
Electricity swaps and options	$49	Competitive businesses operating revenues	$86


(a)	Before taxes of $13 million and $30 million for the three months ended September 30, 2016 and 2015, respectively

The effects of Entergy’s derivative instruments designated as cash flow hedges on the consolidated statements of operations for the nine months ended September 30, 2016 and 2015 are as follows:



Instrument	Amount of gain recognized in other comprehensive income	Income Statement location	Amount of gain reclassified from AOCI into income (a)
	(In Millions)		(In Millions)
2016
Electricity swaps and options	$156	Competitive businesses operating revenues	$237

2015
Electricity swaps and options	$154	Competitive businesses operating revenues	$177


(a)	Before taxes of $83 million and $61 million for the nine months ended September 30, 2016 and 2015, respectively

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

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated statements of operations for the three months ended September 30, 2016 and 2015 are as follows:



Instrument	Amount of loss recognized in AOCI		Income Statement location		Amount of gain (loss) recorded in the income statement
	(In Millions)				(In Millions)
2016
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	$25
FTRs	$—		Purchased power expense	(b)	$37
Electricity swaps and options	($9)	(c)	Competitive business operating revenues		$—

2015
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	($13)
FTRs	$—		Purchased power expense	(b)	$51
Electricity swaps and options	$—	(c)	Competitive business operating revenues		($3)

The effects of Entergy’s derivative instruments not designated as hedging instruments on the consolidated statements of operations for the nine months ended September 30, 2016 and 2015 are as follows:



Instrument	Amount of gain recognized in AOCI		Income Statement location		Amount of gain (loss) recorded in the income statement
	(In Millions)				(In Millions)
2016
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	($5)
FTRs	$—		Purchased power expense	(b)	$96
Electricity swaps and options	$6	(c)	Competitive business operating revenues		($9)

2015
Natural gas swaps	$—		Fuel, fuel-related expenses, and gas purchased for resale	(a)	($29)
FTRs	$—		Purchased power expense	(b)	$130
Electricity swaps and options	$1	(c)	Competitive business operating revenues		($42)


(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.


(c)	Amount of gain (loss) recognized in AOCI from electricity swaps and options de-designated as hedged items.

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 September 30, 2016 and December 31, 2015. 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.



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$1,206		$—		$—		$1,206
Decommissioning trust funds (a):
Equity securities	451		—		—		451
Debt securities	1,016		1,275		—		2,291
Common trusts (b)							2,929
Power contracts	—		—		95		95
Securitization recovery trust account	54		—		—		54
Escrow accounts	433		—		—		433
FTRs	—		—		31		31
		$3,160		$1,275		$126		$7,490
Liabilities:
Gas hedge contracts		$1		$—		$—		$1



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$1,287		$—		$—		$1,287
Decommissioning trust funds (a):
Equity securities	468		—		—		468
Debt securities	1,061		1,094		—		2,155
Common trusts (b)							2,727
Power contracts	—		—		195		195
Securitization recovery trust account	50		—		—		50
Escrow accounts	425		—		—		425
FTRs	—		—		23		23
		$3,291		$1,094		$218		$7,330
Liabilities:
Power contracts		$—		$—		$6		$6
Gas hedge contracts	9		—		—		9
		$9		$—		$6		$15

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 three months ended September 30, 2016 and 2015:



	2016						2015
	Power Contracts			FTRs			Power Contracts			FTRs
	(In Millions)
Balance as of July 1,		$66			$46			$204			$67
Total gains (losses) for the period (a)
Included in earnings	6			—			(2		)	—
Included in OCI	70			—			49			—
Included as a regulatory liability/asset	—			22			—			31
Settlements	(47		)	(37		)	(88		)	(51		)
Balance as of September 30,		$95			$31			$163			$47


(a)	Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period is $1 million for the three months ended September 30, 2016 and $12 million for the three months ended September 30, 2015.



	2016						2015
	Power Contracts			FTRs			Power Contracts			FTRs
	(In Millions)
Balance as of January 1,		$189			$23			$215			$47
Total gains (losses) for the period (a)
Included in earnings	(3		)	—			(15		)	(1		)
Included in OCI	156			—			154			—
Included as a regulatory liability/asset	—			49			—			51
Issuances of FTRs	—			55			—			80
Purchases	—			—			14			—
Settlements	(247		)	(96		)	(205		)	(130		)
Balance as of September 30,		$95			$31			$163			$47


(a)	Change in unrealized gains or losses for the period included in earnings for derivatives held at the end of the reporting period is $1 million for the nine months ended September 30, 2016 and $5 million for the nine months ended September 30, 2015.

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 September 30, 2016:



Transaction Type	Fair Value as of September 30, 2016	Significant Unobservable Inputs	Range from Average %		Effect on Fair Value
	(In Millions)				(In Millions)
Power contracts - electricity swaps	$90	Unit contingent discount	+/-	4%	$7
Power contracts - electricity options	$5	Implied volatility	+/-	9%	$4

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 September 30, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$8.1	Entergy Arkansas
FTRs	Prepayments and other	$12.4	Entergy Louisiana
FTRs	Prepayments and other	$4.0	Entergy Mississippi
FTRs	Prepayments and other	$1.6	Entergy New Orleans
FTRs	Prepayments and other	$5.1	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.4	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.1	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$7.9	Entergy Arkansas
FTRs	Prepayments and other	$8.5	Entergy Louisiana
FTRs	Prepayments and other	$2.4	Entergy Mississippi
FTRs	Prepayments and other	$1.5	Entergy New Orleans
FTRs	Prepayments and other	$2.2	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$7.0	Entergy Louisiana
Natural gas swaps	Other current liabilities	$1.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	Entergy New Orleans


(a)	No cash collateral or letters of credit were required to be posted for FTR exposure as of September 30, 2016 and December 31, 2015, 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 three months ended September 30, 2016 and 2015 are as follows:



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

FTRs	Purchased power expense	$7.1	(b)	Entergy Arkansas
FTRs	Purchased power expense	$20.4	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$0.9	(b)	Entergy New Orleans
FTRs	Purchased power expense	$1.8	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($10.2)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.9)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.4)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$13.9	(b)	Entergy Arkansas
FTRs	Purchased power expense	$17.9	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$1.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.9	(b)	Entergy Texas

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the nine months ended September 30, 2016 and 2015 are as follows:



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$20.3	(b)	Entergy Arkansas
FTRs	Purchased power expense	$52.5	(b)	Entergy Louisiana
FTRs	Purchased power expense	$11.1	(b)	Entergy Mississippi
FTRs	Purchased power expense	$2.8	(b)	Entergy New Orleans
FTRs	Purchased power expense	$8.7	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($23.7)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.3)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$48.6	(b)	Entergy Arkansas
FTRs	Purchased power expense	$49.7	(b)	Entergy Louisiana
FTRs	Purchased power expense	$13.9	(b)	Entergy Mississippi
FTRs	Purchased power expense	$7.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.7	(b)	Entergy Texas


(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)

Assets and liabilities at fair value on a recurring basis

Entergy Arkansas



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities		$3.7		$—		$—		$3.7
Debt securities	103.1		215.8		—		318.9
Common trusts (b)							501.2
Securitization recovery trust account	7.7		—		—		7.7
Escrow accounts	7.1		—		—		7.1
FTRs	—		—		8.1		8.1
		$121.6		$215.8		$8.1		$846.7



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Decommissioning trust funds (a):
Equity securities		$3.0		$—		$—		$3.0
Debt securities	110.5		193.4		—		303.9
Common trusts (b)							464.4
Securitization recovery trust account	4.2		—		—		4.2
Escrow accounts	12.2		—		—		12.2
FTRs	—		—		7.9		7.9
		$129.9		$193.4		$7.9		$795.6

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



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains (losses) included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$9.1			$37.3			$4.9			$6.7			$7.9
Gains (losses) included as a regulatory liability/asset	16.5			3.0			6.1			(1.2		)	7.3
Settlements	(13.9		)	(17.9		)	(6.7		)	(1.5		)	(10.9		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of FTRs	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$0.7			$25.5			$3.4			$4.1			$12.3
Issuances of FTRs	7.0			48.3			5.4			7.3			11.4
Gains (losses) included as a regulatory liability/asset	52.6			(1.7		)	9.4			0.1			(8.7		)
Settlements	(48.6		)	(49.7		)	(13.9		)	(7.5		)	(10.7		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3

Entergy Louisiana [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 September 30, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$8.1	Entergy Arkansas
FTRs	Prepayments and other	$12.4	Entergy Louisiana
FTRs	Prepayments and other	$4.0	Entergy Mississippi
FTRs	Prepayments and other	$1.6	Entergy New Orleans
FTRs	Prepayments and other	$5.1	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.4	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.1	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$7.9	Entergy Arkansas
FTRs	Prepayments and other	$8.5	Entergy Louisiana
FTRs	Prepayments and other	$2.4	Entergy Mississippi
FTRs	Prepayments and other	$1.5	Entergy New Orleans
FTRs	Prepayments and other	$2.2	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$7.0	Entergy Louisiana
Natural gas swaps	Other current liabilities	$1.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	Entergy New Orleans


(a)	No cash collateral or letters of credit were required to be posted for FTR exposure as of September 30, 2016 and December 31, 2015, respectively.

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

FTRs	Purchased power expense	$7.1	(b)	Entergy Arkansas
FTRs	Purchased power expense	$20.4	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$0.9	(b)	Entergy New Orleans
FTRs	Purchased power expense	$1.8	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($10.2)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.9)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.4)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$13.9	(b)	Entergy Arkansas
FTRs	Purchased power expense	$17.9	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$1.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.9	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$20.3	(b)	Entergy Arkansas
FTRs	Purchased power expense	$52.5	(b)	Entergy Louisiana
FTRs	Purchased power expense	$11.1	(b)	Entergy Mississippi
FTRs	Purchased power expense	$2.8	(b)	Entergy New Orleans
FTRs	Purchased power expense	$8.7	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($23.7)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.3)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$48.6	(b)	Entergy Arkansas
FTRs	Purchased power expense	$49.7	(b)	Entergy Louisiana
FTRs	Purchased power expense	$13.9	(b)	Entergy Mississippi
FTRs	Purchased power expense	$7.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.7	(b)	Entergy Texas


(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)

Assets and liabilities at fair value on a recurring basis

Entergy Louisiana



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$57.6		$—		$—		$57.6
Decommissioning trust funds (a):
Equity securities	5.7		—		—		5.7
Debt securities	131.5		308.6		—		440.1
Common trusts (b)							679.0
Escrow accounts	305.5		—		—		305.5
Securitization recovery trust account	9.8		—		—		9.8
FTRs	—		—		12.4		12.4
		$510.1		$308.6		$12.4		$1,510.1

Liabilities:
Gas hedge contracts		$0.4		$—		$—		$0.4



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$34.8		$—		$—		$34.8
Decommissioning trust funds (a):
Equity securities	7.1		—		—		7.1
Debt securities	161.1		248.8		—		409.9
Common trusts (b)							625.3
Escrow accounts	290.4		—		—		290.4
Securitization recovery trust account	3.2		—		—		3.2
FTRs	—		—		8.5		8.5
		$496.6		$248.8		$8.5		$1,379.2

Liabilities:
Gas hedge contracts		$7.0		$—		$—		$7.0

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



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains (losses) included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$9.1			$37.3			$4.9			$6.7			$7.9
Gains (losses) included as a regulatory liability/asset	16.5			3.0			6.1			(1.2		)	7.3
Settlements	(13.9		)	(17.9		)	(6.7		)	(1.5		)	(10.9		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of FTRs	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$0.7			$25.5			$3.4			$4.1			$12.3
Issuances of FTRs	7.0			48.3			5.4			7.3			11.4
Gains (losses) included as a regulatory liability/asset	52.6			(1.7		)	9.4			0.1			(8.7		)
Settlements	(48.6		)	(49.7		)	(13.9		)	(7.5		)	(10.7		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3

Entergy Mississippi [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 September 30, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$8.1	Entergy Arkansas
FTRs	Prepayments and other	$12.4	Entergy Louisiana
FTRs	Prepayments and other	$4.0	Entergy Mississippi
FTRs	Prepayments and other	$1.6	Entergy New Orleans
FTRs	Prepayments and other	$5.1	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.4	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.1	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$7.9	Entergy Arkansas
FTRs	Prepayments and other	$8.5	Entergy Louisiana
FTRs	Prepayments and other	$2.4	Entergy Mississippi
FTRs	Prepayments and other	$1.5	Entergy New Orleans
FTRs	Prepayments and other	$2.2	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$7.0	Entergy Louisiana
Natural gas swaps	Other current liabilities	$1.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	Entergy New Orleans


(a)	No cash collateral or letters of credit were required to be posted for FTR exposure as of September 30, 2016 and December 31, 2015, respectively.

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

FTRs	Purchased power expense	$7.1	(b)	Entergy Arkansas
FTRs	Purchased power expense	$20.4	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$0.9	(b)	Entergy New Orleans
FTRs	Purchased power expense	$1.8	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($10.2)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.9)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.4)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$13.9	(b)	Entergy Arkansas
FTRs	Purchased power expense	$17.9	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$1.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.9	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$20.3	(b)	Entergy Arkansas
FTRs	Purchased power expense	$52.5	(b)	Entergy Louisiana
FTRs	Purchased power expense	$11.1	(b)	Entergy Mississippi
FTRs	Purchased power expense	$2.8	(b)	Entergy New Orleans
FTRs	Purchased power expense	$8.7	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($23.7)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.3)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$48.6	(b)	Entergy Arkansas
FTRs	Purchased power expense	$49.7	(b)	Entergy Louisiana
FTRs	Purchased power expense	$13.9	(b)	Entergy Mississippi
FTRs	Purchased power expense	$7.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.7	(b)	Entergy Texas


(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)

Assets and liabilities at fair value on a recurring basis

Entergy Mississippi



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$307.3		$—		$—		$307.3
Escrow accounts	31.8		—		—		31.8
FTRs	—		—		4.0		4.0
		$339.1		$—		$4.0		$343.1

Liabilities:
Gas hedge contracts		$0.1		$—		$—		$0.1



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$144.2		$—		$—		$144.2
Escrow accounts	41.7		—		—		41.7
FTRs	—		—		2.4		2.4
		$185.9		$—		$2.4		$188.3

Liabilities:
Gas hedge contracts		$1.3		$—		$—		$1.3

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



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains (losses) included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$9.1			$37.3			$4.9			$6.7			$7.9
Gains (losses) included as a regulatory liability/asset	16.5			3.0			6.1			(1.2		)	7.3
Settlements	(13.9		)	(17.9		)	(6.7		)	(1.5		)	(10.9		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of FTRs	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$0.7			$25.5			$3.4			$4.1			$12.3
Issuances of FTRs	7.0			48.3			5.4			7.3			11.4
Gains (losses) included as a regulatory liability/asset	52.6			(1.7		)	9.4			0.1			(8.7		)
Settlements	(48.6		)	(49.7		)	(13.9		)	(7.5		)	(10.7		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3

Entergy New Orleans [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 September 30, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$8.1	Entergy Arkansas
FTRs	Prepayments and other	$12.4	Entergy Louisiana
FTRs	Prepayments and other	$4.0	Entergy Mississippi
FTRs	Prepayments and other	$1.6	Entergy New Orleans
FTRs	Prepayments and other	$5.1	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.4	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.1	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$7.9	Entergy Arkansas
FTRs	Prepayments and other	$8.5	Entergy Louisiana
FTRs	Prepayments and other	$2.4	Entergy Mississippi
FTRs	Prepayments and other	$1.5	Entergy New Orleans
FTRs	Prepayments and other	$2.2	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$7.0	Entergy Louisiana
Natural gas swaps	Other current liabilities	$1.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	Entergy New Orleans


(a)	No cash collateral or letters of credit were required to be posted for FTR exposure as of September 30, 2016 and December 31, 2015, respectively.

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

FTRs	Purchased power expense	$7.1	(b)	Entergy Arkansas
FTRs	Purchased power expense	$20.4	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$0.9	(b)	Entergy New Orleans
FTRs	Purchased power expense	$1.8	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($10.2)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.9)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.4)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$13.9	(b)	Entergy Arkansas
FTRs	Purchased power expense	$17.9	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$1.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.9	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$20.3	(b)	Entergy Arkansas
FTRs	Purchased power expense	$52.5	(b)	Entergy Louisiana
FTRs	Purchased power expense	$11.1	(b)	Entergy Mississippi
FTRs	Purchased power expense	$2.8	(b)	Entergy New Orleans
FTRs	Purchased power expense	$8.7	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($23.7)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.3)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$48.6	(b)	Entergy Arkansas
FTRs	Purchased power expense	$49.7	(b)	Entergy Louisiana
FTRs	Purchased power expense	$13.9	(b)	Entergy Mississippi
FTRs	Purchased power expense	$7.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.7	(b)	Entergy Texas


(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)

Assets and liabilities at fair value on a recurring basis

Entergy New Orleans



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$37.2		$—		$—		$37.2
Securitization recovery trust account	5.1		—		—		5.1
Escrow accounts	88.4		—		—		88.4
FTRs	—		—		1.6		1.6
		$130.7		$—		$1.6		$132.3



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$87.8		$—		$—		$87.8
Securitization recovery trust account	4.6		—		—		4.6
Escrow accounts	81.0		—		—		81.0
FTRs	—		—		1.5		1.5
		$173.4		$—		$1.5		$174.9

Liabilities:
Gas hedge contracts		$0.5		$—		$—		$0.5

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



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains (losses) included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$9.1			$37.3			$4.9			$6.7			$7.9
Gains (losses) included as a regulatory liability/asset	16.5			3.0			6.1			(1.2		)	7.3
Settlements	(13.9		)	(17.9		)	(6.7		)	(1.5		)	(10.9		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of FTRs	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$0.7			$25.5			$3.4			$4.1			$12.3
Issuances of FTRs	7.0			48.3			5.4			7.3			11.4
Gains (losses) included as a regulatory liability/asset	52.6			(1.7		)	9.4			0.1			(8.7		)
Settlements	(48.6		)	(49.7		)	(13.9		)	(7.5		)	(10.7		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3

Entergy Texas [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 September 30, 2016 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$8.1	Entergy Arkansas
FTRs	Prepayments and other	$12.4	Entergy Louisiana
FTRs	Prepayments and other	$4.0	Entergy Mississippi
FTRs	Prepayments and other	$1.6	Entergy New Orleans
FTRs	Prepayments and other	$5.1	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$0.4	Entergy Louisiana
Natural gas swaps	Other current liabilities	$0.1	Entergy Mississippi

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2015 are as follows:



Instrument	Balance Sheet Location	Fair Value (a)	Registrant
		(In Millions)
Assets:
FTRs	Prepayments and other	$7.9	Entergy Arkansas
FTRs	Prepayments and other	$8.5	Entergy Louisiana
FTRs	Prepayments and other	$2.4	Entergy Mississippi
FTRs	Prepayments and other	$1.5	Entergy New Orleans
FTRs	Prepayments and other	$2.2	Entergy Texas

Liabilities:
Natural gas swaps	Other current liabilities	$7.0	Entergy Louisiana
Natural gas swaps	Other current liabilities	$1.3	Entergy Mississippi
Natural gas swaps	Other current liabilities	$0.5	Entergy New Orleans


(a)	No cash collateral or letters of credit were required to be posted for FTR exposure as of September 30, 2016 and December 31, 2015, respectively.

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$19.5	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$5.3	(a)	Entergy Mississippi

FTRs	Purchased power expense	$7.1	(b)	Entergy Arkansas
FTRs	Purchased power expense	$20.4	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$0.9	(b)	Entergy New Orleans
FTRs	Purchased power expense	$1.8	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($10.2)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.9)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.4)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$13.9	(b)	Entergy Arkansas
FTRs	Purchased power expense	$17.9	(b)	Entergy Louisiana
FTRs	Purchased power expense	$6.7	(b)	Entergy Mississippi
FTRs	Purchased power expense	$1.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.9	(b)	Entergy Texas



Instrument	Income Statement Location	Amount of gain (loss) recorded in the income statement		Registrant
		(In Millions)
2016
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.6)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.3	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.5)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$20.3	(b)	Entergy Arkansas
FTRs	Purchased power expense	$52.5	(b)	Entergy Louisiana
FTRs	Purchased power expense	$11.1	(b)	Entergy Mississippi
FTRs	Purchased power expense	$2.8	(b)	Entergy New Orleans
FTRs	Purchased power expense	$8.7	(b)	Entergy Texas

2015
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($23.7)	(a)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($4.3)	(a)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($0.9)	(a)	Entergy New Orleans

FTRs	Purchased power expense	$48.6	(b)	Entergy Arkansas
FTRs	Purchased power expense	$49.7	(b)	Entergy Louisiana
FTRs	Purchased power expense	$13.9	(b)	Entergy Mississippi
FTRs	Purchased power expense	$7.5	(b)	Entergy New Orleans
FTRs	Purchased power expense	$10.7	(b)	Entergy Texas


(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)

Assets and liabilities at fair value on a recurring basis

Entergy Texas



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Securitization recovery trust account		$31.4		$—		$—		$31.4
FTRs	—		—		5.1		5.1
		$31.4		$—		$5.1		$36.5



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Securitization recovery trust account		$38.2		$—		$—		$38.2
FTRs	—		—		2.2		2.2
		$38.2		$—		$2.2		$40.4

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



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$14.0			$16.2			$5.6			$2.0			$8.0
Gains (losses) included as a regulatory liability/asset	1.2			16.6			5.1			0.5			(1.1		)
Settlements	(7.1		)	(20.4		)	(6.7		)	(0.9		)	(1.8		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of July 1,		$9.1			$37.3			$4.9			$6.7			$7.9
Gains (losses) included as a regulatory liability/asset	16.5			3.0			6.1			(1.2		)	7.3
Settlements	(13.9		)	(17.9		)	(6.7		)	(1.5		)	(10.9		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$7.9			$8.5			$2.4			$1.5			$2.2
Issuances of FTRs	18.8			18.1			5.9			2.8			9.3
Gains (losses) included as a regulatory liability/asset	1.7			38.3			6.8			0.1			2.3
Settlements	(20.3		)	(52.5		)	(11.1		)	(2.8		)	(8.7		)
Balance as of September 30,		$8.1			$12.4			$4.0			$1.6			$5.1



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
	(In Millions)
Balance as of January 1,		$0.7			$25.5			$3.4			$4.1			$12.3
Issuances of FTRs	7.0			48.3			5.4			7.3			11.4
Gains (losses) included as a regulatory liability/asset	52.6			(1.7		)	9.4			0.1			(8.7		)
Settlements	(48.6		)	(49.7		)	(13.9		)	(7.5		)	(10.7		)
Balance as of September 30,		$11.7			$22.4			$4.3			$4.0			$4.3

System Energy [Member]

Assets and liabilities at fair value on a recurring basis

System Energy



2016	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$190.2		$—		$—		$190.2
Decommissioning trust funds (a):
Equity securities	1.2		—		—		1.2
Debt securities	246.5		62.1		—		308.6
Common trusts (b)							455.1
		$437.9		$62.1		$—		$955.1



2015	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$222.0		$—		$—		$222.0
Decommissioning trust funds (a):
Equity securities	1.8		—		—		1.8
Debt securities	218.6		59.2		—		277.8
Common trusts (b)							421.9
		$442.4		$59.2		$—		$923.5