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Business Segment Information
 6 Months Ended
Jun. 30, 2019
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Arkansas [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Louisiana [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Mississippi [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy New Orleans [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
Entergy Texas [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.
System Energy [Member]  
Business Segment Information BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy Corporation

Entergy’s reportable segments as of June 30, 2019 are Utility and Entergy Wholesale Commodities.  Utility includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and natural gas utility service in portions of Louisiana.  Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.  Entergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.  “All Other” includes the parent company, Entergy Corporation, and other business activity.

Entergy’s segment financial information for the second quarters of 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,376,437

 

$289,783

 

$2

 

($13
)
 

$2,666,209

Income taxes
 

$21,150

 

($9,290
)
 

($10,402
)
 

$—

 

$1,458

Consolidated net income (loss)
 

$334,752

 

($25,382
)
 

($36,939
)
 

($31,898
)
 

$240,533

2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 

$2,360,208

 

$308,602

 

$—

 

($40
)
 

$2,668,770

Income taxes
 

($240,324
)
 

($30,144
)
 

($10,128
)
 

$—

 

($280,596
)
Consolidated net income (loss)
 

$378,394

 

($56,337
)
 

($41,299
)
 

($31,898
)
 

$248,860


Entergy’s segment financial information for the six months ended June 30, 2019 and 2018 is as follows:
 
 
Utility
 
Entergy
Wholesale
Commodities
 
All Other
 
Eliminations
 
Entergy
 
 
(In Thousands)
2019
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,552,419
 
$723,394
 
$2
 
($23)
 
$5,275,792
Income taxes
 
$9,586
 
$56,618
 
($21,975)
 

$—

 
$44,229
Consolidated net income (loss)
 
$568,900
 
$71,697
 
($77,620)
 
($63,797)
 
$499,180
Total assets as of June 30, 2019
 
$47,297,832
 
$5,211,771
 
$493,962
 
($2,437,820)
 
$50,565,745
2018
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$4,665,197
 
$727,526
 

$—

 
($73)
 
$5,392,650
Income taxes
 
($188,100)
 
($31,222)
 
($17,611)
 

$—

 
($236,933)
Consolidated net income (loss)
 
$596,333
 
($74,116)
 
($73,361)
 
($63,797)
 
$385,059
Total assets as of December 31, 2018
 
$44,777,167
 
$5,459,275
 
$733,366
 
($2,694,742)
 
$48,275,066

The Entergy Wholesale Commodities business is sometimes referred to as the “competitive businesses.”  Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy management has undertaken a strategy to manage and reduce the risk of the Entergy Wholesale Commodities business, which includes taking actions to shut down and sell all of the remaining plants in the merchant nuclear fleet. These decisions and transactions resulted in asset impairments; employee retention and severance expenses and other benefits-related costs; and contracted economic development contributions.

Total restructuring charges for the second quarters of 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of April 1,

$213

 

$14

 

$227

 

$109

 

$14

 

$123

Restructuring costs accrued
22

 
—

 
22

 
34

 
—

 
34

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $16 million in the second quarter 2019 and $69 million in the second quarter 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Total restructuring charges for the six months ended June 30, 2019 and 2018 were comprised of the following:
 
2019
 
2018
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
Employee retention and severance
expenses and other benefits-related costs
 
Contracted economic development costs
 
Total
 
(In Millions)
Balance as of January 1,

$179

 

$14

 

$193

 

$83

 

$14

 

$97

Restructuring costs accrued
56

 
—

 
56

 
60

 
—

 
60

Cash paid out
54

 
—

 
54

 
—

 
—

 
—

Balance as of June 30,

$181

 

$14

 

$195

 

$143

 

$14

 

$157


In addition, Entergy Wholesale Commodities incurred $90 million in the six months ended June 30, 2019 and $142 million in the six months ended June 30, 2018 of impairment and other related charges associated with these strategic decisions and transactions.

Going forward, Entergy Wholesale Commodities expects to incur employee retention and severance expenses associated with management’s strategy to exit the merchant power business of approximately $120 million in 2019, of which $56 million has been incurred as of June 30, 2019, and a total of approximately $120 million from 2020 through mid-2022.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business.  Each of the Registrant Subsidiaries’ operations is managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results.