XML 132 R45.htm IDEA: XBRL DOCUMENT

Risk Management And Fair Values (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Inputs Liabilities Quantitative Information

The following table sets forth a description of the types of transactions classified as Level 3 in the fair value hierarchy and significant unobservable inputs to each which cause that classification, as of December 31, 2013:



Transaction Type	Fair Value as of December 31, 2013	Significant Unobservable Inputs	Range from Average %	Effect on Fair Value

Electricity swaps	($159 million)	Unit contingent discount	+/-3%	($5 million)
Electricity options	$26 million	Implied volatility	+/-79%	$26 million

Fair Values Of Derivative Instruments

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



Instrument	Balance Sheet Location	Fair Value (a)		Offset (b)			Net (c) (d)		Business
		(In Millions)

Derivatives designated as hedging instruments

Assets:
Electricity swaps and options	Prepayments and other (current portion)		$118		($99	)		$19	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)		$17		($17	)		$—	Entergy Wholesale Commodities

Liabilities:
Electricity swaps and options	Other current liabilities (current portion)		$197		($131	)		$66	Entergy Wholesale Commodities
Electricity swaps and options	Other non-current liabilities (non-current portion)		$46		($17	)		$29	Entergy Wholesale Commodities



Derivatives not designated as hedging instruments

Assets:
Electricity swaps and options	Prepayments and other (current portion)	$177	($122	)	$55	Entergy Wholesale Commodities
Natural gas swaps	Prepayments and other	$6	$—		$6	Utility
FTRs	Prepayments and other	$36	($2	)	$34	Utility and Entergy Wholesale Commodities

Liabilities:
Electricity swaps and options	Other current liabilities (current portion)	$201	($89	)	$112	Entergy Wholesale Commodities

The fair values of Entergy’s derivative instruments in the consolidated balance sheet as of December 31, 2012 are shown in the table below. Certain investments, including those not designated as hedging instruments, are subject to master netting arrangements and are presented in the balance sheet on a net basis in accordance with accounting guidance for derivatives and hedging.

Instrument

Balance Sheet Location

Fair Value (a)

Offset (b)

Net (c) (d)

Business

(In Millions)

Derivatives designated as hedging instruments

Assets:

Electricity swaps and options

Prepayments and other (current portion)

$123

$—

$123

Entergy Wholesale Commodities

Electricity swaps and options

Other deferred debits and other assets (non-current portion)

$46

($10

)

$36

Entergy Wholesale Commodities

Liabilities:

Electricity swaps and options

Other non-current liabilities (non-current portion)

$18

($11

)

Entergy Wholesale Commodities



Derivatives not designated as hedging instruments

Assets:
Electricity swaps and options	Prepayments and other (current portion)	$22	$—		$22	Entergy Wholesale Commodities
Electricity swaps and options	Other deferred debits and other assets (non-current portion)	$24	($14	)	$10	Entergy Wholesale Commodities

Liabilities:
Electricity swaps and options	Other non-current liabilities (non-current portion)	$19	($13	)	$6	Entergy Wholesale Commodities
Natural gas swaps	Other current liabilities	$8	$—		$8	Utility


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


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


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


(d)	Excludes cash collateral in the amounts of $47 million posted and $4 million held as of December 31, 2013 and $56 million held as of December 31, 2012

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

The effect of Entergy’s derivative instruments designated as cash flow hedges on the consolidated income statements for the years ended December 31, 2013, 2012, and 2011 are as follows:



Instrument	Amount of gain (loss) recognized in other comprehensive income	Income Statement location	Amount of gain reclassified from AOCI into income

2013
Electricity swaps and options	($190 million)	Competitive businesses operating revenues	$47 million

2012
Electricity swaps and options	$111 million	Competitive businesses operating revenues	$268 million

2011
Electricity swaps and options	$296 million	Competitive businesses operating revenues	$168 million

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

The effect of Entergy’s derivative instruments not designated as hedging instruments on the consolidated income statements for the years ended December 31, 2013, 2012, and 2011 is as follows:



Instrument	Amount of gain recognized in AOCI	Income Statement location	Amount of gain (loss) recorded in income

2013
Natural gas swaps	—	Fuel, fuel-related expenses, and gas purchased for resale	$13 million
FTRs	—	Purchased power expense	$3 million
Electricity swaps and options de-designated as hedged items	$1 million	Competitive businesses operating revenues	($50 million)

2012
Natural gas swaps	—	Fuel, fuel-related expenses, and gas purchased for resale	($42 million)
Electricity swaps and options de-designated as hedged items	$1 million	Competitive businesses operating revenues	$1 million

2011
Natural gas swaps	—	Fuel, fuel-related expenses, and gas purchased for resale	($62 million)
Electricity swaps and options de-designated as hedged items	$1 million	Competitive businesses operating revenues	$11 million

Assets and liabilities at fair value on a recurring basis

The following tables set forth, by level within the fair value hierarchy, Entergy’s assets and liabilities that are accounted for at fair value on a recurring basis as of December 31, 2013 and December 31, 2012. The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels.



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



2012	Level 1		Level 2			Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$420		$—			$—		$420
Decommissioning trust funds (a):
Equity securities	358		2,101			—		2,459
Debt securities	769		962		(b)	—		1,731
Power contracts	—		—			191		191
Securitization recovery trust account	46		—			—		46
Escrow accounts	386		—			—		386
		$1,979		$3,063			$191		$5,233
Liabilities:
Power contracts		$—		$—			$13		$13
Gas hedge contracts	8		—			—		8
		$8		$—			$13		$21


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

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

The following table sets forth a reconciliation of changes in the net assets (liabilities) for the fair value of derivatives classified as Level 3 in the fair value hierarchy for the years ended December 31, 2013, 2012, and 2011:



	2013			2012			2011
	(In Millions)
Balance as of January 1,		$178			$312			$197
Realized gains (losses) included in earnings	(38		)	(11		)	(13		)
Unrealized gains (losses) included in earnings	(35		)	(4		)	6
Unrealized gains (losses) included in OCI	(204		)	140			275
Issuances of FTRs	37			—			—
Purchases	14			9			15
Settlements	(50		)	(268		)	(168		)
Balance as of December 31,		($98	)		$178			$312

Entergy Arkansas [Member]

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

The effects of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their income statements for the years ended December 31, 2013, 2012, and 2011 are as follows:



Instrument	Income Statement Location	Amount of gain (loss) recorded in income	Registrant

2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5 million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1 million	Entergy New Orleans

FTRs	Purchased power expense	$(0.1) million	Entergy Arkansas
FTRs	Purchased power expense	$0.3 million	Entergy Gulf States Louisiana
FTRs	Purchased power expense	$0.2 million	Entergy Louisiana
FTRs	Purchased power expense	$1.0 million	Entergy Mississippi
FTRs	Purchased power expense	$1.2 million	Entergy New Orleans
FTRs	Purchased power expense	$0.8 million	Entergy Texas

2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5 million)	Entergy New Orleans
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($17.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($25.6 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($15.0 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.2 million)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis

The following table sets forth, by level within the fair value hierarchy, the Registrant Subsidiaries’ assets that are accounted for at fair value on a recurring basis as of December 31, 2013 and December 31, 2012. The assessment of the significance of a particular input to a fair value measurement requires judgment and may affect its placement within the fair value hierarchy levels.

Entergy Arkansas



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$24.9		$—		$—		$24.9
Decommissioning trust funds (a):
Equity securities	9.5		374.5		—		384.0
Debt securities	94.3		122.3		—		216.6
Securitization recovery trust account	4.4		—		—		4.4
Escrow accounts	38.0		—		—		38.0
		$171.1		$496.8		$—		$667.9

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



	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
				(In Millions)

Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability/asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Gulf States Louisiana [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2013 and 2012 are as follows:



Instrument	Balance Sheet Location	Fair Value	Registrant

2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9 million	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7 million	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1 million	Entergy New Orleans

FTRs	Prepayments and other	$6.7 million	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7 million	Entergy Louisiana
FTRs	Prepayments and other	$1.0 million	Entergy Mississippi
FTRs	Prepayments and other	$2.0 million	Entergy New Orleans
FTRs	Prepayments and other	$18.4 million	Entergy Texas

2012
Liabilities:
Natural gas swaps	Gas hedge contracts	$2.6 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$3.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.2 million	Entergy Mississippi

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in income	Registrant

2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5 million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1 million	Entergy New Orleans

FTRs	Purchased power expense	$(0.1) million	Entergy Arkansas
FTRs	Purchased power expense	$0.3 million	Entergy Gulf States Louisiana
FTRs	Purchased power expense	$0.2 million	Entergy Louisiana
FTRs	Purchased power expense	$1.0 million	Entergy Mississippi
FTRs	Purchased power expense	$1.2 million	Entergy New Orleans
FTRs	Purchased power expense	$0.8 million	Entergy Texas

2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5 million)	Entergy New Orleans
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($17.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($25.6 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($15.0 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.2 million)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$0.6		$—		$—		$0.6
Decommissioning trust funds (a):
Equity securities	5.5		283.0		—		288.5
Debt securities	49.5		139.4		—		188.9
Escrow accounts	87.0		—		—		87.0
		$142.6		$422.4		$—		$565.0
Liabilities:
Gas hedge contracts		$2.6		$—		$—		$2.6

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



	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
				(In Millions)

Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability/asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Louisiana [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2013 and 2012 are as follows:



Instrument	Balance Sheet Location	Fair Value	Registrant

2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9 million	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7 million	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1 million	Entergy New Orleans

FTRs	Prepayments and other	$6.7 million	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7 million	Entergy Louisiana
FTRs	Prepayments and other	$1.0 million	Entergy Mississippi
FTRs	Prepayments and other	$2.0 million	Entergy New Orleans
FTRs	Prepayments and other	$18.4 million	Entergy Texas

2012
Liabilities:
Natural gas swaps	Gas hedge contracts	$2.6 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$3.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.2 million	Entergy Mississippi

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in income	Registrant

2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5 million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1 million	Entergy New Orleans

FTRs	Purchased power expense	$(0.1) million	Entergy Arkansas
FTRs	Purchased power expense	$0.3 million	Entergy Gulf States Louisiana
FTRs	Purchased power expense	$0.2 million	Entergy Louisiana
FTRs	Purchased power expense	$1.0 million	Entergy Mississippi
FTRs	Purchased power expense	$1.2 million	Entergy New Orleans
FTRs	Purchased power expense	$0.8 million	Entergy Texas

2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5 million)	Entergy New Orleans
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($17.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($25.6 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($15.0 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.2 million)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$29.3		$—		$—		$29.3
Decommissioning trust funds (a):
Equity securities	2.0		173.5		—		175.5
Debt securities	52.6		59.3		—		111.9
Securitization recovery trust account	4.4		—		—		4.4
Escrow accounts	187.0		—		—		187.0
		$275.3		$232.8		$—		$508.1
Liabilities:
Gas hedge contracts		$3.4		$—		$—		$3.4

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



	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
				(In Millions)

Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability/asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Mississippi [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2013 and 2012 are as follows:



Instrument	Balance Sheet Location	Fair Value	Registrant

2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9 million	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7 million	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1 million	Entergy New Orleans

FTRs	Prepayments and other	$6.7 million	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7 million	Entergy Louisiana
FTRs	Prepayments and other	$1.0 million	Entergy Mississippi
FTRs	Prepayments and other	$2.0 million	Entergy New Orleans
FTRs	Prepayments and other	$18.4 million	Entergy Texas

2012
Liabilities:
Natural gas swaps	Gas hedge contracts	$2.6 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$3.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.2 million	Entergy Mississippi

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in income	Registrant

2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5 million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1 million	Entergy New Orleans

FTRs	Purchased power expense	$(0.1) million	Entergy Arkansas
FTRs	Purchased power expense	$0.3 million	Entergy Gulf States Louisiana
FTRs	Purchased power expense	$0.2 million	Entergy Louisiana
FTRs	Purchased power expense	$1.0 million	Entergy Mississippi
FTRs	Purchased power expense	$1.2 million	Entergy New Orleans
FTRs	Purchased power expense	$0.8 million	Entergy Texas

2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5 million)	Entergy New Orleans
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($17.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($25.6 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($15.0 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.2 million)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$52.4		$—		$—		$52.4
Escrow accounts	61.8		—		—		61.8
		$114.2		$—		$—		$114.2

Liabilities:
Gas hedge contracts		$2.2		$—		$—		$2.2

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



	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
				(In Millions)

Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability/asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy New Orleans [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2013 and 2012 are as follows:



Instrument	Balance Sheet Location	Fair Value	Registrant

2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9 million	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7 million	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1 million	Entergy New Orleans

FTRs	Prepayments and other	$6.7 million	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7 million	Entergy Louisiana
FTRs	Prepayments and other	$1.0 million	Entergy Mississippi
FTRs	Prepayments and other	$2.0 million	Entergy New Orleans
FTRs	Prepayments and other	$18.4 million	Entergy Texas

2012
Liabilities:
Natural gas swaps	Gas hedge contracts	$2.6 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$3.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.2 million	Entergy Mississippi

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in income	Registrant

2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5 million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1 million	Entergy New Orleans

FTRs	Purchased power expense	$(0.1) million	Entergy Arkansas
FTRs	Purchased power expense	$0.3 million	Entergy Gulf States Louisiana
FTRs	Purchased power expense	$0.2 million	Entergy Louisiana
FTRs	Purchased power expense	$1.0 million	Entergy Mississippi
FTRs	Purchased power expense	$1.2 million	Entergy New Orleans
FTRs	Purchased power expense	$0.8 million	Entergy Texas

2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5 million)	Entergy New Orleans
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($17.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($25.6 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($15.0 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.2 million)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$9.1		$—		$—		$9.1
Escrow accounts	10.6		—		—		10.6
		$19.7		$—		$—		$19.7

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



	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
				(In Millions)

Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability/asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

Entergy Texas [Member]

Fair Values Of Derivative Instruments

The fair values of the Registrant Subsidiaries’ derivative instruments not designated as hedging instruments on their balance sheets as of December 31, 2013 and 2012 are as follows:



Instrument	Balance Sheet Location	Fair Value	Registrant

2013
Assets:
Natural gas swaps	Gas hedge contracts	$2.2 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$2.9 million	Entergy Louisiana
Natural gas swaps	Prepayments and other	$0.7 million	Entergy Mississippi
Natural gas swaps	Prepayments and other	$0.1 million	Entergy New Orleans

FTRs	Prepayments and other	$6.7 million	Entergy Gulf States Louisiana
FTRs	Prepayments and other	$5.7 million	Entergy Louisiana
FTRs	Prepayments and other	$1.0 million	Entergy Mississippi
FTRs	Prepayments and other	$2.0 million	Entergy New Orleans
FTRs	Prepayments and other	$18.4 million	Entergy Texas

2012
Liabilities:
Natural gas swaps	Gas hedge contracts	$2.6 million	Entergy Gulf States Louisiana
Natural gas swaps	Gas hedge contracts	$3.4 million	Entergy Louisiana
Natural gas swaps	Other current liabilities	$2.2 million	Entergy Mississippi

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



Instrument	Income Statement Location	Amount of gain (loss) recorded in income	Registrant

2013
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$4.5 million	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$6.0 million	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$2.5 million	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	$0.1 million	Entergy New Orleans

FTRs	Purchased power expense	$(0.1) million	Entergy Arkansas
FTRs	Purchased power expense	$0.3 million	Entergy Gulf States Louisiana
FTRs	Purchased power expense	$0.2 million	Entergy Louisiana
FTRs	Purchased power expense	$1.0 million	Entergy Mississippi
FTRs	Purchased power expense	$1.2 million	Entergy New Orleans
FTRs	Purchased power expense	$0.8 million	Entergy Texas

2012
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($12.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($16.2 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($11.2 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($1.5 million)	Entergy New Orleans
2011
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($17.9 million)	Entergy Gulf States Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($25.6 million)	Entergy Louisiana
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($15.0 million)	Entergy Mississippi
Natural gas swaps	Fuel, fuel-related expenses, and gas purchased for resale	($3.2 million)	Entergy New Orleans

Assets and liabilities at fair value on a recurring basis



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$59.7		$—		$—		$59.7
Securitization recovery trust account	37.3		—		—		37.3
		$97.0		$—		$—		$97.0

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



	Entergy Arkansas			Entergy Gulf States Louisiana			Entergy Louisiana			Entergy Mississippi			Entergy New Orleans			Entergy Texas
				(In Millions)

Balance as of January 1,		$—			$—			$—			$—			$—			$—
Issuances of FTRs	—			7.2			6.2			1.1			2.2			20.0
Unrealized gains (losses) included as a regulatory liability/asset	(0.1		)	(0.2		)	(0.3		)	0.9			1.0			(0.8		)
Settlements	0.1			(0.3		)	(0.2		)	(1.0		)	(1.2		)	(0.8		)
Balance as of December 31,		$—			$6.7			$5.7			$1.0			$2.0			$18.4

System Energy [Member]

Assets and liabilities at fair value on a recurring basis



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



2012	Level 1		Level 2		Level 3		Total
	(In Millions)
Assets:
Temporary cash investments		$83.5		$—		$—		$83.5
Decommissioning trust funds (a):
Equity securities	1.6		282.0		—		283.6
Debt securities	141.1		65.9		—		207.0
		$226.2		$347.9		$—		$574.1


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