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Leases Leases (Tables)
6 Months Ended
Jun. 30, 2019
Lease, Cost
Entergy incurred the following total lease costs for the three months ended June 30, 2019:
 
 
(In Thousands)
Operating lease cost
 

$15,255

Financing lease cost:
 
 
Amortization of right-of-use assets
 

$4,980

Interest on lease liabilities
 

$1,081


Entergy incurred the following total lease costs for the six months ended June 30, 2019:
 
 
(In Thousands)
Operating lease cost
 

$30,976

Financing lease cost:
 
 
Amortization of right-of-use assets
 

$7,892

Interest on lease liabilities
 

$1,834


Lease, Liabilities
The following lease-related liabilities are recorded within the respective Other lines on Entergy’s consolidated balance sheet as of June 30, 2019:
 
 
(In Thousands)
Current liabilities:
 
 
Operating leases
 

$51,885

Financing leases
 

$11,177

Non-current liabilities:
 
 
Operating leases
 

$182,236

Financing leases
 

$53,375


Lease, Terms and Discount Rate
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and financing leases of Entergy at June 30, 2019:
Weighted average remaining lease terms:
 
 
Operating leases
 
5.42

Financing leases
 
6.94

Weighted average discount rate:
 
 
Operating leases
 
3.93
%
Financing leases
 
4.71
%


Lease, Maturity
Maturity of the lease liabilities for Entergy as of June 30, 2019 are as follows:
Year
 
Operating Leases
 
Financing Leases
 
 
(In Thousands)
 
 
 
 
 
Remainder for 2019
 

$30,913

 

$7,067

2020
 
57,615

 
13,052

2021
 
49,126

 
11,505

2022
 
40,519

 
10,307

2023
 
32,907

 
9,231

Years thereafter
 
53,491

 
25,696

Minimum lease payments
 
264,571

 
76,858

Less: amount representing interest
 
30,450

 
12,306

Present value of net minimum lease payments
 

$234,121

 

$64,552



Operating And Capital Leases Future Minimum Payments Due
As of December 31, 2018, Entergy had capital leases and non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases, and the Grand Gulf sale and leaseback transaction, all of which are discussed elsewhere):
 
Year
 
Operating
Leases
 
Capital
Leases
 
 
(In Thousands)
2019
 

$94,043

 

$2,887

2020
 
82,191

 
2,887

2021
 
75,147

 
2,887

2022
 
60,808

 
2,887

2023
 
47,391

 
2,887

Years thereafter
 
88,004

 
16,117

Minimum lease payments
 
447,584

 
30,552

Less:  Amount representing interest
 

 
8,555

Present value of net minimum lease payments
 

$447,584

 

$21,997


Purchase Power Agreement Minimum Lease Payments The minimum lease payments under the power purchase agreement are as follows:
Year
 
Entergy Texas (a)
 
Entergy
 
 
(In Thousands)
2019
 

$31,159

 

$31,159

2020
 
31,876

 
31,876

2021
 
32,609

 
32,609

2022
 
10,180

 
10,180

Minimum lease payments
 

$105,824

 

$105,824


(a)
Amounts reflect 100% of minimum payments. Under a separate contract, which expires May 31, 2022, Entergy Louisiana purchases 50% of the capacity and energy from the power purchase agreement from Entergy Texas.
Entergy Arkansas [Member]  
Lease, Cost
The Registrant Subsidiaries incurred the following lease costs for the three months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$3,124

 

$2,824

 

$1,716

 

$351

 

$977

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,198

 

$1,975

 

$691

 

$342

 

$325

Interest on lease liabilities

$198

 

$299

 

$117

 

$55

 

$53


The Registrant Subsidiaries incurred the following lease costs for the six months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$6,419

 

$5,850

 

$3,468

 

$709

 

$2,062

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,828

 

$3,000

 

$1,039

 

$518

 

$630

Interest on lease liabilities

$303

 

$451

 

$176

 

$85

 

$99


Lease, Assets
Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019 are the following amounts:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Operating leases

$48,567

 

$33,054

 

$18,791

 

$4,172

 

$12,540

Financing leases

$11,167

 

$16,846

 

$6,671

 

$2,991

 

$5,439


Lease, Liabilities
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Current liabilities:
 
 
 
 
 
 
 
 
 
Operating leases

$10,374

 

$9,727

 

$6,180

 

$1,218

 

$3,251

Financing leases

$2,408

 

$3,840

 

$1,402

 

$662

 

$1,240

Non-current liabilities:
 
 
 
 
 
 
 
 
Operating leases

$38,195

 

$23,333

 

$12,812

 

$2,953

 

$9,375

Financing leases

$8,756

 

$13,000

 

$5,269

 

$2,329

 

$4,112


Lease, Terms and Discount Rate
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and financing leases of the Registrant Subsidiaries at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
Weighted average remaining lease terms:
 
 
 
 
 
 
 
 
 
Operating leases
6.22

 
4.27

 
5.11

 
4.04

 
4.52

Financing leases
5.55

 
5.27

 
5.42

 
5.80

 
5.23

Weighted average discount rate:
 
 
 
 
 
 
 
 
 
Operating leases
3.79
%
 
3.80
%
 
3.80
%
 
3.96
%
 
3.93
%
Financing leases
3.78
%
 
3.78
%
 
3.77
%
 
3.95
%
 
3.89
%

Lease, Maturity
Maturity of the lease liabilities for the Registrant Subsidiaries as of June 30, 2019 are as follows:

Operating Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$6,070

 

$5,419

 

$3,580

 

$680

 

$1,924

2020
 
11,014

 
9,797

 
5,888

 
1,225

 
3,776

2021
 
9,117

 
8,046

 
4,759

 
954

 
3,026

2022
 
6,782

 
5,267

 
3,338

 
632

 
2,061

2023
 
5,619

 
3,391

 
1,237

 
470

 
1,704

Years thereafter
 
15,771

 
3,777

 
2,340

 
693

 
1,862

Minimum lease payments
 
54,373

 
35,697

 
21,142

 
4,654

 
14,353

Less: amount representing interest
 
5,804

 
2,637

 
2,150

 
483

 
1,726

Present value of net minimum lease payments
 

$48,569

 

$33,060

 

$18,992

 

$4,171

 

$12,627


Financing Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$1,398

 

$2,235

 

$813

 

$403

 

$727

2020
 
2,560

 
4,032

 
1,549

 
645

 
1,297

2021
 
2,164

 
3,377

 
1,384

 
535

 
1,104

2022
 
1,875

 
2,937

 
1,191

 
484

 
897

2023
 
1,648

 
2,489

 
977

 
437

 
759

Years thereafter
 
2,698

 
3,453

 
1,444

 
834

 
1,111

Minimum lease payments
 
12,343

 
18,523

 
7,358

 
3,338

 
5,895

Less: amount representing interest
 
1,179

 
1,683

 
687

 
347

 
543

Present value of net minimum lease payments
 

$11,164

 

$16,840

 

$6,671

 

$2,991

 

$5,352


Operating And Capital Leases Future Minimum Payments Due
As of December 31, 2018 the Registrant Subsidiaries had non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases, and the Grand Gulf lease obligation, all of which are discussed elsewhere):

Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2019
 

$20,421

 

$25,970

 

$9,344

 

$2,493

 

$5,744

2020
 
13,918

 
21,681

 
8,763

 
2,349

 
4,431

2021
 
11,931

 
19,514

 
7,186

 
1,901

 
3,625

2022
 
9,458

 
15,756

 
5,675

 
1,314

 
2,218

2023
 
7,782

 
12,092

 
2,946

 
1,043

 
1,561

Years thereafter
 
23,297

 
22,003

 
4,417

 
2,323

 
2,726

Minimum lease payments
 

$86,807

 

$117,016

 

$38,331

 

$11,423

 

$20,305



Schedule of Rent Expense
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2018
 

$6.2

 

$20.2

 

$4.6

 

$2.5

 

$3.1

 

$1.9

2017
 

$7.5

 

$23.0

 

$5.6

 

$2.5

 

$3.4

 

$2.2

2016
 

$8.0

 

$17.8

 

$4.0

 

$0.9

 

$2.8

 

$1.6


Entergy Louisiana [Member]  
Lease, Cost
The Registrant Subsidiaries incurred the following lease costs for the three months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$3,124

 

$2,824

 

$1,716

 

$351

 

$977

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,198

 

$1,975

 

$691

 

$342

 

$325

Interest on lease liabilities

$198

 

$299

 

$117

 

$55

 

$53


The Registrant Subsidiaries incurred the following lease costs for the six months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$6,419

 

$5,850

 

$3,468

 

$709

 

$2,062

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,828

 

$3,000

 

$1,039

 

$518

 

$630

Interest on lease liabilities

$303

 

$451

 

$176

 

$85

 

$99


Lease, Assets
Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019 are the following amounts:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Operating leases

$48,567

 

$33,054

 

$18,791

 

$4,172

 

$12,540

Financing leases

$11,167

 

$16,846

 

$6,671

 

$2,991

 

$5,439


Lease, Liabilities
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Current liabilities:
 
 
 
 
 
 
 
 
 
Operating leases

$10,374

 

$9,727

 

$6,180

 

$1,218

 

$3,251

Financing leases

$2,408

 

$3,840

 

$1,402

 

$662

 

$1,240

Non-current liabilities:
 
 
 
 
 
 
 
 
Operating leases

$38,195

 

$23,333

 

$12,812

 

$2,953

 

$9,375

Financing leases

$8,756

 

$13,000

 

$5,269

 

$2,329

 

$4,112


Lease, Terms and Discount Rate
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and financing leases of the Registrant Subsidiaries at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
Weighted average remaining lease terms:
 
 
 
 
 
 
 
 
 
Operating leases
6.22

 
4.27

 
5.11

 
4.04

 
4.52

Financing leases
5.55

 
5.27

 
5.42

 
5.80

 
5.23

Weighted average discount rate:
 
 
 
 
 
 
 
 
 
Operating leases
3.79
%
 
3.80
%
 
3.80
%
 
3.96
%
 
3.93
%
Financing leases
3.78
%
 
3.78
%
 
3.77
%
 
3.95
%
 
3.89
%

Lease, Maturity
Maturity of the lease liabilities for the Registrant Subsidiaries as of June 30, 2019 are as follows:

Operating Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$6,070

 

$5,419

 

$3,580

 

$680

 

$1,924

2020
 
11,014

 
9,797

 
5,888

 
1,225

 
3,776

2021
 
9,117

 
8,046

 
4,759

 
954

 
3,026

2022
 
6,782

 
5,267

 
3,338

 
632

 
2,061

2023
 
5,619

 
3,391

 
1,237

 
470

 
1,704

Years thereafter
 
15,771

 
3,777

 
2,340

 
693

 
1,862

Minimum lease payments
 
54,373

 
35,697

 
21,142

 
4,654

 
14,353

Less: amount representing interest
 
5,804

 
2,637

 
2,150

 
483

 
1,726

Present value of net minimum lease payments
 

$48,569

 

$33,060

 

$18,992

 

$4,171

 

$12,627


Financing Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$1,398

 

$2,235

 

$813

 

$403

 

$727

2020
 
2,560

 
4,032

 
1,549

 
645

 
1,297

2021
 
2,164

 
3,377

 
1,384

 
535

 
1,104

2022
 
1,875

 
2,937

 
1,191

 
484

 
897

2023
 
1,648

 
2,489

 
977

 
437

 
759

Years thereafter
 
2,698

 
3,453

 
1,444

 
834

 
1,111

Minimum lease payments
 
12,343

 
18,523

 
7,358

 
3,338

 
5,895

Less: amount representing interest
 
1,179

 
1,683

 
687

 
347

 
543

Present value of net minimum lease payments
 

$11,164

 

$16,840

 

$6,671

 

$2,991

 

$5,352


Operating And Capital Leases Future Minimum Payments Due
As of December 31, 2018 the Registrant Subsidiaries had non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases, and the Grand Gulf lease obligation, all of which are discussed elsewhere):

Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2019
 

$20,421

 

$25,970

 

$9,344

 

$2,493

 

$5,744

2020
 
13,918

 
21,681

 
8,763

 
2,349

 
4,431

2021
 
11,931

 
19,514

 
7,186

 
1,901

 
3,625

2022
 
9,458

 
15,756

 
5,675

 
1,314

 
2,218

2023
 
7,782

 
12,092

 
2,946

 
1,043

 
1,561

Years thereafter
 
23,297

 
22,003

 
4,417

 
2,323

 
2,726

Minimum lease payments
 

$86,807

 

$117,016

 

$38,331

 

$11,423

 

$20,305



Schedule of Rent Expense
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2018
 

$6.2

 

$20.2

 

$4.6

 

$2.5

 

$3.1

 

$1.9

2017
 

$7.5

 

$23.0

 

$5.6

 

$2.5

 

$3.4

 

$2.2

2016
 

$8.0

 

$17.8

 

$4.0

 

$0.9

 

$2.8

 

$1.6


Entergy Mississippi [Member]  
Lease, Cost
The Registrant Subsidiaries incurred the following lease costs for the three months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$3,124

 

$2,824

 

$1,716

 

$351

 

$977

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,198

 

$1,975

 

$691

 

$342

 

$325

Interest on lease liabilities

$198

 

$299

 

$117

 

$55

 

$53


The Registrant Subsidiaries incurred the following lease costs for the six months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$6,419

 

$5,850

 

$3,468

 

$709

 

$2,062

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,828

 

$3,000

 

$1,039

 

$518

 

$630

Interest on lease liabilities

$303

 

$451

 

$176

 

$85

 

$99


Lease, Assets
Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019 are the following amounts:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Operating leases

$48,567

 

$33,054

 

$18,791

 

$4,172

 

$12,540

Financing leases

$11,167

 

$16,846

 

$6,671

 

$2,991

 

$5,439


Lease, Liabilities
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Current liabilities:
 
 
 
 
 
 
 
 
 
Operating leases

$10,374

 

$9,727

 

$6,180

 

$1,218

 

$3,251

Financing leases

$2,408

 

$3,840

 

$1,402

 

$662

 

$1,240

Non-current liabilities:
 
 
 
 
 
 
 
 
Operating leases

$38,195

 

$23,333

 

$12,812

 

$2,953

 

$9,375

Financing leases

$8,756

 

$13,000

 

$5,269

 

$2,329

 

$4,112


Lease, Terms and Discount Rate
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and financing leases of the Registrant Subsidiaries at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
Weighted average remaining lease terms:
 
 
 
 
 
 
 
 
 
Operating leases
6.22

 
4.27

 
5.11

 
4.04

 
4.52

Financing leases
5.55

 
5.27

 
5.42

 
5.80

 
5.23

Weighted average discount rate:
 
 
 
 
 
 
 
 
 
Operating leases
3.79
%
 
3.80
%
 
3.80
%
 
3.96
%
 
3.93
%
Financing leases
3.78
%
 
3.78
%
 
3.77
%
 
3.95
%
 
3.89
%

Lease, Maturity
Maturity of the lease liabilities for the Registrant Subsidiaries as of June 30, 2019 are as follows:

Operating Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$6,070

 

$5,419

 

$3,580

 

$680

 

$1,924

2020
 
11,014

 
9,797

 
5,888

 
1,225

 
3,776

2021
 
9,117

 
8,046

 
4,759

 
954

 
3,026

2022
 
6,782

 
5,267

 
3,338

 
632

 
2,061

2023
 
5,619

 
3,391

 
1,237

 
470

 
1,704

Years thereafter
 
15,771

 
3,777

 
2,340

 
693

 
1,862

Minimum lease payments
 
54,373

 
35,697

 
21,142

 
4,654

 
14,353

Less: amount representing interest
 
5,804

 
2,637

 
2,150

 
483

 
1,726

Present value of net minimum lease payments
 

$48,569

 

$33,060

 

$18,992

 

$4,171

 

$12,627


Financing Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$1,398

 

$2,235

 

$813

 

$403

 

$727

2020
 
2,560

 
4,032

 
1,549

 
645

 
1,297

2021
 
2,164

 
3,377

 
1,384

 
535

 
1,104

2022
 
1,875

 
2,937

 
1,191

 
484

 
897

2023
 
1,648

 
2,489

 
977

 
437

 
759

Years thereafter
 
2,698

 
3,453

 
1,444

 
834

 
1,111

Minimum lease payments
 
12,343

 
18,523

 
7,358

 
3,338

 
5,895

Less: amount representing interest
 
1,179

 
1,683

 
687

 
347

 
543

Present value of net minimum lease payments
 

$11,164

 

$16,840

 

$6,671

 

$2,991

 

$5,352


Operating And Capital Leases Future Minimum Payments Due
As of December 31, 2018 the Registrant Subsidiaries had non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases, and the Grand Gulf lease obligation, all of which are discussed elsewhere):

Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2019
 

$20,421

 

$25,970

 

$9,344

 

$2,493

 

$5,744

2020
 
13,918

 
21,681

 
8,763

 
2,349

 
4,431

2021
 
11,931

 
19,514

 
7,186

 
1,901

 
3,625

2022
 
9,458

 
15,756

 
5,675

 
1,314

 
2,218

2023
 
7,782

 
12,092

 
2,946

 
1,043

 
1,561

Years thereafter
 
23,297

 
22,003

 
4,417

 
2,323

 
2,726

Minimum lease payments
 

$86,807

 

$117,016

 

$38,331

 

$11,423

 

$20,305



Schedule of Rent Expense
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2018
 

$6.2

 

$20.2

 

$4.6

 

$2.5

 

$3.1

 

$1.9

2017
 

$7.5

 

$23.0

 

$5.6

 

$2.5

 

$3.4

 

$2.2

2016
 

$8.0

 

$17.8

 

$4.0

 

$0.9

 

$2.8

 

$1.6


Entergy New Orleans [Member]  
Lease, Cost
The Registrant Subsidiaries incurred the following lease costs for the three months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$3,124

 

$2,824

 

$1,716

 

$351

 

$977

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,198

 

$1,975

 

$691

 

$342

 

$325

Interest on lease liabilities

$198

 

$299

 

$117

 

$55

 

$53


The Registrant Subsidiaries incurred the following lease costs for the six months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$6,419

 

$5,850

 

$3,468

 

$709

 

$2,062

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,828

 

$3,000

 

$1,039

 

$518

 

$630

Interest on lease liabilities

$303

 

$451

 

$176

 

$85

 

$99


Lease, Assets
Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019 are the following amounts:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Operating leases

$48,567

 

$33,054

 

$18,791

 

$4,172

 

$12,540

Financing leases

$11,167

 

$16,846

 

$6,671

 

$2,991

 

$5,439


Lease, Liabilities
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Current liabilities:
 
 
 
 
 
 
 
 
 
Operating leases

$10,374

 

$9,727

 

$6,180

 

$1,218

 

$3,251

Financing leases

$2,408

 

$3,840

 

$1,402

 

$662

 

$1,240

Non-current liabilities:
 
 
 
 
 
 
 
 
Operating leases

$38,195

 

$23,333

 

$12,812

 

$2,953

 

$9,375

Financing leases

$8,756

 

$13,000

 

$5,269

 

$2,329

 

$4,112


Lease, Terms and Discount Rate
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and financing leases of the Registrant Subsidiaries at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
Weighted average remaining lease terms:
 
 
 
 
 
 
 
 
 
Operating leases
6.22

 
4.27

 
5.11

 
4.04

 
4.52

Financing leases
5.55

 
5.27

 
5.42

 
5.80

 
5.23

Weighted average discount rate:
 
 
 
 
 
 
 
 
 
Operating leases
3.79
%
 
3.80
%
 
3.80
%
 
3.96
%
 
3.93
%
Financing leases
3.78
%
 
3.78
%
 
3.77
%
 
3.95
%
 
3.89
%

Lease, Maturity
Maturity of the lease liabilities for the Registrant Subsidiaries as of June 30, 2019 are as follows:

Operating Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$6,070

 

$5,419

 

$3,580

 

$680

 

$1,924

2020
 
11,014

 
9,797

 
5,888

 
1,225

 
3,776

2021
 
9,117

 
8,046

 
4,759

 
954

 
3,026

2022
 
6,782

 
5,267

 
3,338

 
632

 
2,061

2023
 
5,619

 
3,391

 
1,237

 
470

 
1,704

Years thereafter
 
15,771

 
3,777

 
2,340

 
693

 
1,862

Minimum lease payments
 
54,373

 
35,697

 
21,142

 
4,654

 
14,353

Less: amount representing interest
 
5,804

 
2,637

 
2,150

 
483

 
1,726

Present value of net minimum lease payments
 

$48,569

 

$33,060

 

$18,992

 

$4,171

 

$12,627


Financing Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$1,398

 

$2,235

 

$813

 

$403

 

$727

2020
 
2,560

 
4,032

 
1,549

 
645

 
1,297

2021
 
2,164

 
3,377

 
1,384

 
535

 
1,104

2022
 
1,875

 
2,937

 
1,191

 
484

 
897

2023
 
1,648

 
2,489

 
977

 
437

 
759

Years thereafter
 
2,698

 
3,453

 
1,444

 
834

 
1,111

Minimum lease payments
 
12,343

 
18,523

 
7,358

 
3,338

 
5,895

Less: amount representing interest
 
1,179

 
1,683

 
687

 
347

 
543

Present value of net minimum lease payments
 

$11,164

 

$16,840

 

$6,671

 

$2,991

 

$5,352


Operating And Capital Leases Future Minimum Payments Due
As of December 31, 2018 the Registrant Subsidiaries had non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases, and the Grand Gulf lease obligation, all of which are discussed elsewhere):

Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2019
 

$20,421

 

$25,970

 

$9,344

 

$2,493

 

$5,744

2020
 
13,918

 
21,681

 
8,763

 
2,349

 
4,431

2021
 
11,931

 
19,514

 
7,186

 
1,901

 
3,625

2022
 
9,458

 
15,756

 
5,675

 
1,314

 
2,218

2023
 
7,782

 
12,092

 
2,946

 
1,043

 
1,561

Years thereafter
 
23,297

 
22,003

 
4,417

 
2,323

 
2,726

Minimum lease payments
 

$86,807

 

$117,016

 

$38,331

 

$11,423

 

$20,305



Schedule of Rent Expense
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2018
 

$6.2

 

$20.2

 

$4.6

 

$2.5

 

$3.1

 

$1.9

2017
 

$7.5

 

$23.0

 

$5.6

 

$2.5

 

$3.4

 

$2.2

2016
 

$8.0

 

$17.8

 

$4.0

 

$0.9

 

$2.8

 

$1.6


Entergy Texas [Member]  
Lease, Cost
The Registrant Subsidiaries incurred the following lease costs for the three months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$3,124

 

$2,824

 

$1,716

 

$351

 

$977

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,198

 

$1,975

 

$691

 

$342

 

$325

Interest on lease liabilities

$198

 

$299

 

$117

 

$55

 

$53


The Registrant Subsidiaries incurred the following lease costs for the six months ended June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy
New Orleans
 
Entergy Texas
 
(In Thousands)
Operating lease cost

$6,419

 

$5,850

 

$3,468

 

$709

 

$2,062

Financing lease cost:
 
 
 
 
 
 
 
 
 
Amortization of right-of-use assets

$1,828

 

$3,000

 

$1,039

 

$518

 

$630

Interest on lease liabilities

$303

 

$451

 

$176

 

$85

 

$99


Lease, Assets
Included within Utility Plant on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019 are the following amounts:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Operating leases

$48,567

 

$33,054

 

$18,791

 

$4,172

 

$12,540

Financing leases

$11,167

 

$16,846

 

$6,671

 

$2,991

 

$5,439


Lease, Liabilities
The following lease-related liabilities are recorded within the respective Other lines on the Registrant Subsidiaries’ respective balance sheets at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
(In Thousands)
Current liabilities:
 
 
 
 
 
 
 
 
 
Operating leases

$10,374

 

$9,727

 

$6,180

 

$1,218

 

$3,251

Financing leases

$2,408

 

$3,840

 

$1,402

 

$662

 

$1,240

Non-current liabilities:
 
 
 
 
 
 
 
 
Operating leases

$38,195

 

$23,333

 

$12,812

 

$2,953

 

$9,375

Financing leases

$8,756

 

$13,000

 

$5,269

 

$2,329

 

$4,112


Lease, Terms and Discount Rate
The following information contains the weighted average remaining lease term in years and the weighted average discount rate for the operating and financing leases of the Registrant Subsidiaries at June 30, 2019:
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
Weighted average remaining lease terms:
 
 
 
 
 
 
 
 
 
Operating leases
6.22

 
4.27

 
5.11

 
4.04

 
4.52

Financing leases
5.55

 
5.27

 
5.42

 
5.80

 
5.23

Weighted average discount rate:
 
 
 
 
 
 
 
 
 
Operating leases
3.79
%
 
3.80
%
 
3.80
%
 
3.96
%
 
3.93
%
Financing leases
3.78
%
 
3.78
%
 
3.77
%
 
3.95
%
 
3.89
%

Lease, Maturity
Maturity of the lease liabilities for the Registrant Subsidiaries as of June 30, 2019 are as follows:

Operating Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$6,070

 

$5,419

 

$3,580

 

$680

 

$1,924

2020
 
11,014

 
9,797

 
5,888

 
1,225

 
3,776

2021
 
9,117

 
8,046

 
4,759

 
954

 
3,026

2022
 
6,782

 
5,267

 
3,338

 
632

 
2,061

2023
 
5,619

 
3,391

 
1,237

 
470

 
1,704

Years thereafter
 
15,771

 
3,777

 
2,340

 
693

 
1,862

Minimum lease payments
 
54,373

 
35,697

 
21,142

 
4,654

 
14,353

Less: amount representing interest
 
5,804

 
2,637

 
2,150

 
483

 
1,726

Present value of net minimum lease payments
 

$48,569

 

$33,060

 

$18,992

 

$4,171

 

$12,627


Financing Leases
Year
 
Entergy Arkansas
 
Entergy Louisiana
 
Entergy Mississippi
 
Entergy New Orleans
 
Entergy Texas
 
 
(In Thousands)
 
 
 
 
 
 
 
 
 
 
 
Remainder of 2019
 

$1,398

 

$2,235

 

$813

 

$403

 

$727

2020
 
2,560

 
4,032

 
1,549

 
645

 
1,297

2021
 
2,164

 
3,377

 
1,384

 
535

 
1,104

2022
 
1,875

 
2,937

 
1,191

 
484

 
897

2023
 
1,648

 
2,489

 
977

 
437

 
759

Years thereafter
 
2,698

 
3,453

 
1,444

 
834

 
1,111

Minimum lease payments
 
12,343

 
18,523

 
7,358

 
3,338

 
5,895

Less: amount representing interest
 
1,179

 
1,683

 
687

 
347

 
543

Present value of net minimum lease payments
 

$11,164

 

$16,840

 

$6,671

 

$2,991

 

$5,352


Operating And Capital Leases Future Minimum Payments Due
As of December 31, 2018 the Registrant Subsidiaries had non-cancelable operating leases for equipment, buildings, vehicles, and fuel storage facilities with minimum lease payments as follows (excluding power purchase agreement operating leases, nuclear fuel leases, and the Grand Gulf lease obligation, all of which are discussed elsewhere):

Operating Leases
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
(In Thousands)
2019
 

$20,421

 

$25,970

 

$9,344

 

$2,493

 

$5,744

2020
 
13,918

 
21,681

 
8,763

 
2,349

 
4,431

2021
 
11,931

 
19,514

 
7,186

 
1,901

 
3,625

2022
 
9,458

 
15,756

 
5,675

 
1,314

 
2,218

2023
 
7,782

 
12,092

 
2,946

 
1,043

 
1,561

Years thereafter
 
23,297

 
22,003

 
4,417

 
2,323

 
2,726

Minimum lease payments
 

$86,807

 

$117,016

 

$38,331

 

$11,423

 

$20,305



Schedule of Rent Expense
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2018
 

$6.2

 

$20.2

 

$4.6

 

$2.5

 

$3.1

 

$1.9

2017
 

$7.5

 

$23.0

 

$5.6

 

$2.5

 

$3.4

 

$2.2

2016
 

$8.0

 

$17.8

 

$4.0

 

$0.9

 

$2.8

 

$1.6


Purchase Power Agreement Minimum Lease Payments The minimum lease payments under the power purchase agreement are as follows:
Year
 
Entergy Texas (a)
 
Entergy
 
 
(In Thousands)
2019
 

$31,159

 

$31,159

2020
 
31,876

 
31,876

2021
 
32,609

 
32,609

2022
 
10,180

 
10,180

Minimum lease payments
 

$105,824

 

$105,824


(a)
Amounts reflect 100% of minimum payments. Under a separate contract, which expires May 31, 2022, Entergy Louisiana purchases 50% of the capacity and energy from the power purchase agreement from Entergy Texas.
System Energy [Member]  
Schedule of Rent Expense
Rental Expenses
 
 
Year
 
 
Entergy
Arkansas
 
 
Entergy
Louisiana
 
 
Entergy
Mississippi
 
Entergy
New Orleans
 
 
Entergy
Texas
 
 
System
Energy
 
 
(In Millions)
2018
 

$6.2

 

$20.2

 

$4.6

 

$2.5

 

$3.1

 

$1.9

2017
 

$7.5

 

$23.0

 

$5.6

 

$2.5

 

$3.4

 

$2.2

2016
 

$8.0

 

$17.8

 

$4.0

 

$0.9

 

$2.8

 

$1.6


Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
As of December 31, 2018, System Energy, in connection with the Grand Gulf sale and leaseback transactions, had future minimum lease payments that are recorded as long-term debt, as follows, which reflects the effect of the December 2013 renewal:
 
Amount
 
(In Thousands)
 
 
2019

$17,188

2020
17,188

2021
17,188

2022
17,188

2023
17,188

Years thereafter
223,437

Total
309,377

Less: Amount representing interest
275,025

Present value of net minimum lease payments

$34,352