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Retirement And Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2018
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437
Entergy Arkansas [Member]  
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437
Entergy Louisiana [Member]  
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437
Entergy Mississippi [Member]  
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437
Entergy New Orleans [Member]  
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437
Entergy Texas [Member]  
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437
System Energy [Member]  
Retirement And Other Postretirement Benefits
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy implemented ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” effective January 1, 2018. The ASU requires entities to report the service cost component of defined benefit pension cost and postretirement benefit cost (net benefit cost) in the same line item as other compensation costs arising from services rendered during the period.  The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. The amendment regarding the presentation of net benefit cost was required to be applied retrospectively for all periods presented. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization on a prospective basis. In accordance with the regulatory treatment of net benefit cost of the Registrant Subsidiaries, a regulatory asset/liability will be recorded in other regulatory assets/liabilities for the non-service cost components of net benefit cost that would have been capitalized. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the three months ended June 30, 2017, with no change in net income, of $25 million for Entergy, $3.6 million for Entergy Arkansas, $6.2 million for Entergy Louisiana, $0.5 million for Entergy Mississippi, $0.2 million for Entergy New Orleans, $14 thousand for Entergy Texas, and $2.3 million for System Energy. The retroactive presentation changes resulted in decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income for the six months ended June 30, 2017, with no change in net income, of $46 million for Entergy, $6.4 million for Entergy Arkansas, $12.3 million for Entergy Louisiana, $1.1 million for Entergy Mississippi, $0.4 million for Entergy New Orleans, ($0.2) million for Entergy Texas, and $3.3 million for System Energy. The retroactive effect of the change for the year ended December 31, 2017 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $108 million for Entergy, $13.7 million for Entergy Arkansas, $27.8 million for Entergy Louisiana, $2.7 million for Entergy Mississippi, $1.3 million for Entergy New Orleans, $0.2 million for Entergy Texas, and $6.2 million for System Energy.  The retroactive effect of the change for the year ended December 31, 2016 would be decreases (increases) in other operation and maintenance expenses and decreases (increases) in other income, with no change in net income, of $71 million for Entergy, $13.4 million for Entergy Arkansas, $26.1 million for Entergy Louisiana, $2.4 million for Entergy Mississippi, $1 million for Entergy New Orleans, ($1.1) million for Entergy Texas, and $5.1 million for System Energy. The retroactive effect of the change for the year ended December 31, 2015 would be decreases in other operation and maintenance expenses and decreases in other income, with no change in net income, of $148 million for Entergy, $30.7 million for Entergy Arkansas, $50.7 million for Entergy Louisiana, $6.3 million for Entergy Mississippi, $4 million for Entergy New Orleans, $4 million for Entergy Texas, and $10.2 million for System Energy.
    
Components of Qualified Net Pension Cost

Entergy’s qualified pension cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$38,752

 

$33,410

Interest cost on projected benefit obligation
66,854

 
65,206

Expected return on assets
(110,535
)
 
(102,056
)
Amortization of prior service cost
99

 
65

Amortization of loss
68,526

 
56,930

Net pension costs

$63,696

 

$53,555

    
Entergy’s qualified pension cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$77,504

 

$66,820

Interest cost on projected benefit obligation
133,708

 
130,412

Expected return on assets
(221,070
)
 
(204,112
)
Amortization of prior service cost
198

 
130

Amortization of loss
137,052

 
113,860

Net pension costs

$127,392

 

$107,110



The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$6,189

 

$8,446

 

$1,822

 

$673

 

$1,589

 

$1,776

Interest cost on projected benefit obligation
 
13,004

 
14,940

 
3,769

 
1,813

 
3,348

 
3,227

Expected return on assets
 
(21,851
)
 
(24,809
)
 
(6,502
)
 
(2,993
)
 
(6,523
)
 
(4,991
)
Amortization of loss
 
13,412

 
14,450

 
3,610

 
1,954

 
2,626

 
3,715

Net pension cost
 

$10,754

 

$13,027

 

$2,699

 

$1,447

 

$1,040

 

$3,727

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$5,090

 

$6,925

 

$1,472

 

$625

 

$1,364

 

$1,536

Interest cost on projected benefit obligation
 
12,944

 
14,809

 
3,732

 
1,791

 
3,392

 
3,091

Expected return on assets
 
(20,427
)
 
(23,017
)
 
(6,131
)
 
(2,800
)
 
(6,180
)
 
(4,663
)
Amortization of loss
 
11,640

 
12,354

 
3,053

 
1,658

 
2,310

 
2,964

Net pension cost
 

$9,247

 

$11,071

 

$2,126

 

$1,274

 

$886

 

$2,928


The Registrant Subsidiaries’ qualified pension cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$12,378

 

$16,892

 

$3,644

 

$1,346

 

$3,178

 

$3,552

Interest cost on projects benefit obligation
 
26,008

 
29,880

 
7,538

 
3,626

 
6,696

 
6,454

Expected return on assets
 
(43,702
)
 
(49,618
)
 
(13,004
)
 
(5,986
)
 
(13,046
)
 
(9,982
)
Amortization of loss
 
26,824

 
28,900

 
7,220

 
3,908

 
5,252

 
7,430

Net pension cost
 

$21,508

 

$26,054

 

$5,398

 

$2,894

 

$2,080

 

$7,454

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
 Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$10,180

 

$13,850

 

$2,944

 

$1,250

 

$2,728

 

$3,072

Interest cost on projected benefit obligation
 
25,888

 
29,618

 
7,464

 
3,582

 
6,784

 
6,182

Expected return on assets
 
(40,854
)
 
(46,034
)
 
(12,262
)
 
(5,600
)
 
(12,360
)
 
(9,326
)
Amortization of loss
 
23,280

 
24,708

 
6,106

 
3,316

 
4,620

 
5,928

Net pension cost
 

$18,494

 

$22,142

 

$4,252

 

$2,548

 

$1,772

 

$5,856



Non-Qualified Net Pension Cost

Entergy recognized $6.6 million and $8.5 million in pension cost for its non-qualified pension plans in the second quarters of 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2018 and 2017 were settlement charges of $2.4 million and $4 million, respectively, related to the payment of lump sum benefits out of the plan. Entergy recognized $15.5 million and $13.1 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2018 and 2017, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2018 and 2017 were settlement charges of $6.8 million and $4 million, respectively, related to the payment of lump sum benefits out of this plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the second quarters of 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$122

 

$46

 

$77

 

$21

 

$270

2017

$267

 

$47

 

$63

 

$18

 

$126


Reflected in Entergy Arkansas’s non-qualified pension costs in the second quarters of 2018 and 2017, were settlement charges of $10 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs in the second quarter of 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their employees for their non-qualified pension plans for the six months ended June 30, 2018 and 2017:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
(In Thousands)
2018

$254

 

$96

 

$157

 

$42

 

$407

2017

$372

 

$96

 

$127

 

$36

 

$253



Reflected in Entergy Arkansas’s non-qualified pension costs for the six months ended June 30, 2018 and 2017, were settlement charges of $22 thousand and $163 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’s non-qualified pension costs for the six months ended June 30, 2018 were settlement charges of $139 thousand related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefit Cost

Entergy’s other postretirement benefit cost, including amounts capitalized, for the second quarters of 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$6,782

 

$6,729

Interest cost on accumulated postretirement benefit obligation (APBO)
12,681

 
13,960

Expected return on assets
(10,373
)
 
(9,408
)
Amortization of prior service credit
(9,251
)
 
(10,356
)
Amortization of loss
3,432

 
5,476

Net other postretirement benefit cost

$3,271

 

$6,401


Entergy’s other postretirement benefit cost, including amounts capitalized, for the six months ended June 30, 2018 and 2017, included the following components:
 
2018
 
2017
 
(In Thousands)
Service cost - benefits earned during the period

$13,564

 

$13,458

Interest cost on accumulated postretirement benefit obligation (APBO)
25,362

 
27,920

Expected return on assets
(20,746
)
 
(18,816
)
Amortization of prior service credit
(18,502
)
 
(20,712
)
Amortization of loss
6,864

 
10,952

Net other postretirement benefit cost

$6,542

 

$12,802



The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the second quarters of 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$793

 

$1,556

 

$321

 

$129

 

$330

 

$306

Interest cost on APBO
 
1,997

 
2,789

 
683

 
417

 
939

 
500

Expected return on assets
 
(4,342
)
 
—

 
(1,303
)
 
(1,313
)
 
(2,446
)
 
(783
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
289

 
388

 
377

 
34

 
206

 
233

Net other postretirement benefit cost
 

($2,541
)
 

$2,799

 

($378
)
 

($919
)
 

($1,550
)
 

($122
)
2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$863

 

$1,593

 

$290

 

$142

 

$372

 

$320

Interest cost on APBO
 
2,255

 
3,025

 
690

 
469

 
1,124

 
559

Expected return on assets
 
(3,959
)
 
—

 
(1,200
)
 
(1,159
)
 
(2,180
)
 
(717
)
Amortization of prior service credit
 
(1,278
)
 
(1,934
)
 
(456
)
 
(186
)
 
(579
)
 
(378
)
Amortization of loss
 
1,115

 
465

 
419

 
105

 
826

 
390

Net other postretirement benefit cost
 

($1,004
)
 

$3,149

 

($257
)
 

($629
)
 

($437
)
 

$174


The Registrant Subsidiaries’ other postretirement benefit cost, including amounts capitalized, for their employees for the six months ended June 30, 2018 and 2017, included the following components:
2018
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,586

 

$3,112

 

$642

 

$258

 

$660

 

$612

Interest cost on APBO
 
3,994

 
5,578

 
1,366

 
834

 
1,878

 
1,000

Expected return on assets
 
(8,684
)
 
—

 
(2,606
)
 
(2,626
)
 
(4,892
)
 
(1,566
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
578

 
776

 
754

 
68

 
412

 
466

Net other postretirement benefit cost
 

($5,082
)
 

$5,598

 

($756
)
 

($1,838
)
 

($3,100
)
 

($244
)

2017
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
 
(In Thousands)
Service cost - benefits earned during the period
 

$1,726

 

$3,186

 

$580

 

$284

 

$744

 

$640

Interest cost on APBO
 
4,510

 
6,050

 
1,380

 
938

 
2,248

 
1,118

Expected return on assets
 
(7,918
)
 
—

 
(2,400
)
 
(2,318
)
 
(4,360
)
 
(1,434
)
Amortization of prior service credit
 
(2,556
)
 
(3,868
)
 
(912
)
 
(372
)
 
(1,158
)
 
(756
)
Amortization of loss
 
2,230

 
930

 
838

 
210

 
1,652

 
780

Net other postretirement benefit cost
 

($2,008
)
 

$6,298

 

($514
)
 

($1,258
)
 

($874
)
 

$348



Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2018 and 2017:
2018
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($99
)
 

$5,594

 

($71
)
 

$5,424

Amortization of loss
 
(21,957
)
 
(1,933
)
 
(918
)
 
(24,808
)
Settlement loss
 
—

 
—

 
(406
)
 
(406
)
 
 

($22,056
)
 

$3,661

 

($1,395
)
 

($19,790
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$1,934

 

$—

 

$1,934

Amortization of loss
 
(867
)
 
(387
)
 
(2
)
 
(1,256
)
 
 

($867
)
 

$1,547

 

($2
)
 

$678

2017

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($65
)


$6,718



($89
)


$6,564

Amortization of loss

(18,450
)

(2,202
)

(902
)

(21,554
)
Settlement loss

—


—


(1,765
)

(1,765
)



($18,515
)


$4,516



($2,756
)


($16,755
)
Entergy Louisiana








Amortization of prior service credit


$—



$1,934



$—



$1,934

Amortization of loss

(865
)

(465
)

(2
)

(1,332
)



($865
)


$1,469



($2
)


$602

    
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2018 and 2017:
2018

Qualified
Pension
Costs

Other
Postretirement
Costs

Non-Qualified
Pension Costs

Total


(In Thousands)


Entergy








Amortization of prior service (cost)/credit


($198
)


$11,189



($141
)


$10,850

Amortization of loss

(43,914
)

(3,865
)

(1,981
)

(49,760
)
Settlement loss

—


—


(2,022
)

(2,022
)



($44,112
)


$7,324



($4,144
)


($40,932
)
Entergy Louisiana








Amortization of prior service credit


$—



$3,868



$—



$3,868

Amortization of loss

(1,734
)

(775
)

(4
)

(2,513
)



($1,734
)


$3,093



($4
)


$1,355

2017
 
Qualified
Pension
Costs
 
Other
Postretirement
Costs
 
Non-Qualified
Pension Costs
 
Total
 
 
(In Thousands)
 
 
Entergy
 
 
 
 
 
 
 
 
Amortization of prior service (cost)/credit
 

($130
)
 

$13,435

 

($179
)
 

$13,126

Amortization of loss
 
(36,899
)
 
(4,404
)
 
(1,822
)
 
(43,125
)
Settlement loss
 
—

 
—

 
(1,765
)
 
(1,765
)
 
 

($37,029
)
 

$9,031

 

($3,766
)
 

($31,764
)
Entergy Louisiana
 
 
 
 
 
 
 
 
Amortization of prior service credit
 

$—

 

$3,868

 

$—

 

$3,868

Amortization of loss
 
(1,730
)
 
(930
)
 
(4
)
 
(2,664
)
 
 

($1,730
)
 

$2,938

 

($4
)
 

$1,204



Employer Contributions

Based on current assumptions, Entergy expects to contribute $352.1 million to its qualified pension plans in 2018.  As of June 30, 2018, Entergy had contributed $159.7 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2018:
 
Entergy
Arkansas
 
Entergy
Louisiana
 
Entergy
Mississippi
 
Entergy
New Orleans
 
Entergy
Texas
 
System
Energy
 
(In Thousands)
Expected 2018 pension contributions

$64,062

 

$71,917

 

$14,933

 

$7,250

 

$10,883

 

$13,786

Pension contributions made through June 2018

$29,453

 

$33,066

 

$6,924

 

$3,373

 

$5,433

 

$6,349

Remaining estimated pension contributions to be made in 2018

$34,609

 

$38,851

 

$8,009

 

$3,877

 

$5,450

 

$7,437