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Preferred Equity
12 Months Ended
Dec. 31, 2013
Preferred Equity
PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2013 and 2012 are presented below.  All series of the Utility preferred stock are redeemable at the option of the related company.
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-6.45%
    Series
 
3,413,500

 
3,413,500

 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

Entergy Gulf States Louisiana,
    Series A 8.25 %
 
100,000

 
100,000

 
100,000

 
100,000

 
10,000

 
10,000

Entergy Louisiana, 6.95% Series (a)
 
1,000,000

 
1,000,000

 
840,000

 
840,000

 
84,000

 
84,000

Entergy Mississippi, 4.36%-6.25%
    Series
 
1,403,807

 
1,403,807

 
1,403,807

 
1,403,807

 
50,381

 
50,381

Entergy New Orleans, 4.36%-5.56%
    Series
 
197,798

 
197,798

 
197,798

 
197,798

 
19,780

 
19,780

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
6,115,105

 
6,115,105

 
5,955,105

 
5,955,105

 
280,511

 
280,511

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Asset Management, 8.95% (b)
 
1,000,000

 
1,000,000

 

 

 

 

Entergy Finance Holding, Inc. 8.75% (c)
 
250,000

 

 
250,000

 

 
24,249

 

Total Subsidiaries’ Preferred Stock
without sinking fund
 
7,365,105

 
7,115,105

 
6,205,105

 
5,955,105

 

$304,760

 

$280,511

 
(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
(c)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
At December 31, 2013 and 2012, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock.  The preference shares were converted into the preferred units as part of the jurisdictional separation.  The distributions are cumulative and payable quarterly beginning March 15, 2008.  The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2013. The dividends are cumulative and payable quarterly beginning March 15, 2014. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2013 and 2012 are presented below.  All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented.  Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.
 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Arkansas Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series (a)
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (b)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series (a)
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Mississippi Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.88

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series (a)
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy New Orleans Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 

(a)
Series is callable at par.
(b)
Series is callable at par on and after December 15, 2015.
Entergy Arkansas [Member]
 
Preferred Equity
PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2013 and 2012 are presented below.  All series of the Utility preferred stock are redeemable at the option of the related company.
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-6.45%
    Series
 
3,413,500

 
3,413,500

 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

Entergy Gulf States Louisiana,
    Series A 8.25 %
 
100,000

 
100,000

 
100,000

 
100,000

 
10,000

 
10,000

Entergy Louisiana, 6.95% Series (a)
 
1,000,000

 
1,000,000

 
840,000

 
840,000

 
84,000

 
84,000

Entergy Mississippi, 4.36%-6.25%
    Series
 
1,403,807

 
1,403,807

 
1,403,807

 
1,403,807

 
50,381

 
50,381

Entergy New Orleans, 4.36%-5.56%
    Series
 
197,798

 
197,798

 
197,798

 
197,798

 
19,780

 
19,780

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
6,115,105

 
6,115,105

 
5,955,105

 
5,955,105

 
280,511

 
280,511

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Asset Management, 8.95% (b)
 
1,000,000

 
1,000,000

 

 

 

 

Entergy Finance Holding, Inc. 8.75% (c)
 
250,000

 

 
250,000

 

 
24,249

 

Total Subsidiaries’ Preferred Stock
without sinking fund
 
7,365,105

 
7,115,105

 
6,205,105

 
5,955,105

 

$304,760

 

$280,511

 
(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
(c)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
At December 31, 2013 and 2012, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock.  The preference shares were converted into the preferred units as part of the jurisdictional separation.  The distributions are cumulative and payable quarterly beginning March 15, 2008.  The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2013. The dividends are cumulative and payable quarterly beginning March 15, 2014. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2013 and 2012 are presented below.  All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented.  Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.
 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Arkansas Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series (a)
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (b)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series (a)
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Mississippi Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.88

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series (a)
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy New Orleans Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 

(a)
Series is callable at par.
(b)
Series is callable at par on and after December 15, 2015.
Entergy Gulf States Louisiana [Member]
 
Preferred Equity
PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2013 and 2012 are presented below.  All series of the Utility preferred stock are redeemable at the option of the related company.
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-6.45%
    Series
 
3,413,500

 
3,413,500

 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

Entergy Gulf States Louisiana,
    Series A 8.25 %
 
100,000

 
100,000

 
100,000

 
100,000

 
10,000

 
10,000

Entergy Louisiana, 6.95% Series (a)
 
1,000,000

 
1,000,000

 
840,000

 
840,000

 
84,000

 
84,000

Entergy Mississippi, 4.36%-6.25%
    Series
 
1,403,807

 
1,403,807

 
1,403,807

 
1,403,807

 
50,381

 
50,381

Entergy New Orleans, 4.36%-5.56%
    Series
 
197,798

 
197,798

 
197,798

 
197,798

 
19,780

 
19,780

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
6,115,105

 
6,115,105

 
5,955,105

 
5,955,105

 
280,511

 
280,511

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Asset Management, 8.95% (b)
 
1,000,000

 
1,000,000

 

 

 

 

Entergy Finance Holding, Inc. 8.75% (c)
 
250,000

 

 
250,000

 

 
24,249

 

Total Subsidiaries’ Preferred Stock
without sinking fund
 
7,365,105

 
7,115,105

 
6,205,105

 
5,955,105

 

$304,760

 

$280,511

 
(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
(c)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
At December 31, 2013 and 2012, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock.  The preference shares were converted into the preferred units as part of the jurisdictional separation.  The distributions are cumulative and payable quarterly beginning March 15, 2008.  The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2013. The dividends are cumulative and payable quarterly beginning March 15, 2014. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2013 and 2012 are presented below.  All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented.  Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.
 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Arkansas Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series (a)
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (b)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series (a)
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Mississippi Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.88

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series (a)
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy New Orleans Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 

(a)
Series is callable at par.
(b)
Series is callable at par on and after December 15, 2015.
Entergy Louisiana [Member]
 
Preferred Equity
PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2013 and 2012 are presented below.  All series of the Utility preferred stock are redeemable at the option of the related company.
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-6.45%
    Series
 
3,413,500

 
3,413,500

 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

Entergy Gulf States Louisiana,
    Series A 8.25 %
 
100,000

 
100,000

 
100,000

 
100,000

 
10,000

 
10,000

Entergy Louisiana, 6.95% Series (a)
 
1,000,000

 
1,000,000

 
840,000

 
840,000

 
84,000

 
84,000

Entergy Mississippi, 4.36%-6.25%
    Series
 
1,403,807

 
1,403,807

 
1,403,807

 
1,403,807

 
50,381

 
50,381

Entergy New Orleans, 4.36%-5.56%
    Series
 
197,798

 
197,798

 
197,798

 
197,798

 
19,780

 
19,780

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
6,115,105

 
6,115,105

 
5,955,105

 
5,955,105

 
280,511

 
280,511

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Asset Management, 8.95% (b)
 
1,000,000

 
1,000,000

 

 

 

 

Entergy Finance Holding, Inc. 8.75% (c)
 
250,000

 

 
250,000

 

 
24,249

 

Total Subsidiaries’ Preferred Stock
without sinking fund
 
7,365,105

 
7,115,105

 
6,205,105

 
5,955,105

 

$304,760

 

$280,511

 
(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
(c)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
At December 31, 2013 and 2012, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock.  The preference shares were converted into the preferred units as part of the jurisdictional separation.  The distributions are cumulative and payable quarterly beginning March 15, 2008.  The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2013. The dividends are cumulative and payable quarterly beginning March 15, 2014. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2013 and 2012 are presented below.  All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented.  Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.
 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Arkansas Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series (a)
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (b)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series (a)
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Mississippi Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.88

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series (a)
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy New Orleans Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 

(a)
Series is callable at par.
(b)
Series is callable at par on and after December 15, 2015.
Entergy Mississippi [Member]
 
Preferred Equity
PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2013 and 2012 are presented below.  All series of the Utility preferred stock are redeemable at the option of the related company.
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-6.45%
    Series
 
3,413,500

 
3,413,500

 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

Entergy Gulf States Louisiana,
    Series A 8.25 %
 
100,000

 
100,000

 
100,000

 
100,000

 
10,000

 
10,000

Entergy Louisiana, 6.95% Series (a)
 
1,000,000

 
1,000,000

 
840,000

 
840,000

 
84,000

 
84,000

Entergy Mississippi, 4.36%-6.25%
    Series
 
1,403,807

 
1,403,807

 
1,403,807

 
1,403,807

 
50,381

 
50,381

Entergy New Orleans, 4.36%-5.56%
    Series
 
197,798

 
197,798

 
197,798

 
197,798

 
19,780

 
19,780

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
6,115,105

 
6,115,105

 
5,955,105

 
5,955,105

 
280,511

 
280,511

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Asset Management, 8.95% (b)
 
1,000,000

 
1,000,000

 

 

 

 

Entergy Finance Holding, Inc. 8.75% (c)
 
250,000

 

 
250,000

 

 
24,249

 

Total Subsidiaries’ Preferred Stock
without sinking fund
 
7,365,105

 
7,115,105

 
6,205,105

 
5,955,105

 

$304,760

 

$280,511

 
(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
(c)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
At December 31, 2013 and 2012, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock.  The preference shares were converted into the preferred units as part of the jurisdictional separation.  The distributions are cumulative and payable quarterly beginning March 15, 2008.  The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2013. The dividends are cumulative and payable quarterly beginning March 15, 2014. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2013 and 2012 are presented below.  All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented.  Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.
 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Arkansas Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series (a)
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (b)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series (a)
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Mississippi Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.88

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series (a)
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy New Orleans Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 

(a)
Series is callable at par.
(b)
Series is callable at par on and after December 15, 2015.
Entergy New Orleans [Member]
 
Preferred Equity
PREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans)

The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and non-controlling interest for Entergy Corporation subsidiaries as of December 31, 2013 and 2012 are presented below.  All series of the Utility preferred stock are redeemable at the option of the related company.
 
 
Shares/Units
Authorized
 
Shares/Units
Outstanding
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Entergy Corporation
 
 
 
 
 
 
 
(Dollars in Thousands)
Utility:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock or Preferred Membership Interests without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Arkansas, 4.32%-6.45%
    Series
 
3,413,500

 
3,413,500

 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

Entergy Gulf States Louisiana,
    Series A 8.25 %
 
100,000

 
100,000

 
100,000

 
100,000

 
10,000

 
10,000

Entergy Louisiana, 6.95% Series (a)
 
1,000,000

 
1,000,000

 
840,000

 
840,000

 
84,000

 
84,000

Entergy Mississippi, 4.36%-6.25%
    Series
 
1,403,807

 
1,403,807

 
1,403,807

 
1,403,807

 
50,381

 
50,381

Entergy New Orleans, 4.36%-5.56%
    Series
 
197,798

 
197,798

 
197,798

 
197,798

 
19,780

 
19,780

Total Utility Preferred Stock or Preferred Membership Interests without sinking fund
 
6,115,105

 
6,115,105

 
5,955,105

 
5,955,105

 
280,511

 
280,511

Entergy Wholesale Commodities:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock without sinking fund:
 
 
 
 
 
 
 
 
 
 
 
 
Entergy Asset Management, 8.95% (b)
 
1,000,000

 
1,000,000

 

 

 

 

Entergy Finance Holding, Inc. 8.75% (c)
 
250,000

 

 
250,000

 

 
24,249

 

Total Subsidiaries’ Preferred Stock
without sinking fund
 
7,365,105

 
7,115,105

 
6,205,105

 
5,955,105

 

$304,760

 

$280,511

 
(a)
In 2007, Entergy Louisiana Holdings, an Entergy subsidiary, purchased 160,000 of these shares from the holders.
(b)
Upon the sale of Class B preferred shares in December 2009, Entergy Asset Management had issued and outstanding Class A and Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class B preferred shares from the holder thereof; currently, there are no outstanding Class B preferred shares.  On December 20, 2011, Entergy Asset Management purchased all of the outstanding Class A preferred shares (278,905 shares) that were held by a third party; currently, there are 4,759 shares held by an Entergy affiliate.
(c)
Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.
At December 31, 2013 and 2012, Entergy Gulf States Louisiana had outstanding 100,000 units of no par value 8.25% Series Preferred Membership Interests that were initially issued by Entergy Gulf States, Inc. as preference stock.  The preference shares were converted into the preferred units as part of the jurisdictional separation.  The distributions are cumulative and payable quarterly beginning March 15, 2008.  The preferred membership interests are redeemable on or after December 15, 2015, at Entergy Gulf States Louisiana’s option, at the fixed redemption price of $100 per unit.

In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2013. The dividends are cumulative and payable quarterly beginning March 15, 2014. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share.
 
The number of shares and units authorized and outstanding and dollar value of preferred stock and membership interests for Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans as of December 31, 2013 and 2012 are presented below.  All series of the Utility operating companies’ preferred stock and membership interests are redeemable at the respective company’s option at the call prices presented.  Dividends and distributions paid on all of Entergy’s preferred stock and membership interests series are eligible for the dividends received deduction.  The dividends received deduction is limited by Internal Revenue Code section 244 for the following preferred stock series: Entergy Arkansas 4.72%, Entergy Mississippi 4.56%, and Entergy New Orleans 4.75%.
 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Arkansas Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.32% Series
 
70,000

 
70,000

 

$7,000

 

$7,000

 

$103.65

4.72% Series
 
93,500

 
93,500

 
9,350

 
9,350

 

$107.00

4.56% Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.83

4.56% 1965 Series
 
75,000

 
75,000

 
7,500

 
7,500

 

$102.50

6.08% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.83

Cumulative, $25 par value:
 
 
 
 
 
 
 
 
 
 
6.45% Series (a)
 
3,000,000

 
3,000,000

 
75,000

 
75,000

 

$25

Total without sinking fund
 
3,413,500

 
3,413,500

 

$116,350

 

$116,350

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Gulf States Louisiana
Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
8.25% Series (b)
 
100,000

 
100,000

 

$10,000

 

$10,000

 

$—

Total without sinking fund
 
100,000

 
100,000

 

$10,000

 

$10,000

 
 

 
 
Units
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Unit as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Louisiana Preferred Membership Interests
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 liquidation value:
 
 
 
 
 
 
 
 
 
 
6.95% Series (a)
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 

$100

Total without sinking fund
 
1,000,000

 
1,000,000

 

$100,000

 

$100,000

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy Mississippi Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
59,920

 
59,920

 

$5,992

 

$5,992

 

$103.88

4.56% Series
 
43,887

 
43,887

 
4,389

 
4,389

 

$107.00

4.92% Series
 
100,000

 
100,000

 
10,000

 
10,000

 

$102.88

Cumulative, $25 par value
 
 
 
 
 
 
 
 
 
 
6.25% Series (a)
 
1,200,000

 
1,200,000

 
30,000

 
30,000

 

$25

Total without sinking fund
 
1,403,807

 
1,403,807

 

$50,381

 

$50,381

 
 

 
 
Shares
Authorized
and Outstanding
 
 
Dollars
(In Thousands)
 
Call Price per
Share as of
December 31,
 
 
2013
 
2012
 
2013
 
2012
 
2013
Entergy New Orleans Preferred Stock
 
 
 
 
 
 
 
 
 
 
Without sinking fund:
 
 
 
 
 
 
 
 
 
 
Cumulative, $100 par value:
 
 
 
 
 
 
 
 
 
 
4.36% Series
 
60,000

 
60,000

 

$6,000

 

$6,000

 

$104.58

4.75% Series
 
77,798

 
77,798

 
7,780

 
7,780

 

$105.00

5.56% Series
 
60,000

 
60,000

 
6,000

 
6,000

 

$102.59

Total without sinking fund
 
197,798

 
197,798

 

$19,780

 

$19,780

 
 

(a)
Series is callable at par.
(b)
Series is callable at par on and after December 15, 2015.