Retirement And Other Postretirement Benefits

9 Months Ended

Sep. 30, 2025

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170

Entergy Arkansas [Member]

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170

Entergy Louisiana [Member]

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170

Entergy Mississippi [Member]

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170

Entergy New Orleans [Member]

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170

Entergy Texas [Member]

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170

System Energy [Member]

Retirement Benefits [Text Block]

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Components of Qualified Net Pension Cost

Entergy’s qualified pension costs, including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$23,454	$23,358
Interest cost on projected benefit obligation	58,145	56,631
Expected return on assets	(75,383)	(76,557)
Recognized net loss	13,086	14,322
Settlement charges	23,874	—
Asset transfer gain (a)	(5,780)	—
Net pension cost	$37,396	$17,754

Entergy’s qualified pension costs, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$70,688	$70,104
Interest cost on projected benefit obligation	177,505	193,218
Expected return on assets	(225,943)	(262,043)
Recognized net loss	39,704	44,296
Settlement charges	23,874	325,253
Asset transfer gain (a)	(5,780)	—
Net pension cost	$80,048	$370,828

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,385	$5,403	$1,296	$410	$1,008	$1,352
Interest cost on projected benefit obligation	13,580	14,347	3,661	1,613	2,917	3,497
Expected return on assets	(17,791)	(18,981)	(5,039)	(1,946)	(3,890)	(4,605)
Recognized net loss	4,171	2,367	750	703	454	954
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$5,799	$6,646	$814	$5,041	$1,106	$1,710

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$4,101	$5,550	$1,284	$441	$963	$1,380
Interest cost on projected benefit obligation	13,218	13,962	3,522	1,569	2,832	3,375
Expected return on assets	(18,156)	(19,446)	(5,112)	(2,202)	(4,077)	(4,602)
Recognized net loss	5,745	2,601	1,140	471	393	1,155
Net pension cost	$4,908	$2,667	$834	$279	$111	$1,308

The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024, included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$13,239	$16,311	$3,904	$1,232	$3,056	$4,096
Interest cost on projected benefit obligation	41,208	43,755	11,059	4,907	8,863	10,667
Expected return on assets	(53,143)	(56,775)	(14,937)	(6,294)	(11,668)	(13,755)
Recognized net loss	13,753	6,903	2,394	1,533	1,362	3,182
Settlement charges	1,454	5,982	146	6,195	617	512
Asset transfer gain (a)	—	(2,472)	—	(1,934)	—	—
Net pension cost	$16,511	$13,704	$2,566	$5,639	$2,230	$4,702

2024	Entergy Arkansas	Entergy Louisiana	Entergy  Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$12,300	$16,652	$3,852	$1,321	$2,886	$4,147
Interest cost on projected benefit obligation	39,652	41,884	10,564	4,707	8,494	10,152
Expected return on assets	(54,466)	(58,340)	(15,338)	(6,609)	(12,231)	(13,883)
Recognized net loss	17,237	7,805	3,420	1,411	1,179	3,482
Settlement charges	—	—	—	—	—	611
Net pension cost	$14,723	$8,001	$2,498	$830	$328	$4,509

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Non-Qualified Net Pension Cost

Entergy recognized $6.1 million and $2.7 million in pension cost for its non-qualified pension plans for the third quarters of 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans in the third quarter of 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. In the third quarter of 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan. Entergy recognized $11.1 million and $8.2 million in pension cost for its non-qualified pension plans for the nine months ended September 30, 2025 and 2024, respectively. Reflected in the pension cost for non-qualified pension plans for the nine months ended September 30, 2025 were settlement charges of $3.6 million related to the payment of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges related to the payment of lump sum benefits out of the plan.

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for third quarters of 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$46	$35	$301	$34	$39
2024	$68	$51	$83	$31	$62

The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the nine months ended September 30, 2025 and 2024:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas
	(In Thousands)
2025	$140	$107	$481	$104	$117
2024	$204	$153	$249	$93	$186

For the third quarter of 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment of lump sum benefits out of the plan. For the third quarter of 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sums benefits out of the plan. For the nine months ended September 30, 2025, there were settlement charges of $215 thousand for Entergy Mississippi included in the non-qualified pension costs above related to the payment

of lump sum benefits out of the plan. For the nine months ended September 30, 2024, there were no settlement charges for the Registrant Subsidiaries related to the payment of lump sum benefits out of the plan.

Components of Net Other Postretirement Benefits Cost (Income)

Entergy’s other postretirement benefits cost (income), including amounts capitalized, for the third quarters of 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$2,702	$3,126
Interest cost on accumulated postretirement benefit obligation (APBO)	9,447	9,852
Expected return on assets	(9,830)	(10,569)
Amortization of prior service credit	(5,661)	(5,720)
Recognized net gain	(3,679)	(2,761)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits cost (income)	$1,545	($6,072)

Entergy’s other postretirement benefits income, including amounts capitalized, for the nine months ended September 30, 2025 and 2024, included the following components:

	2025	2024
	(In Thousands)
Service cost - benefits earned during the period	$8,216	$9,378
Interest cost on APBO	28,827	29,556
Expected return on assets	(30,248)	(31,707)
Amortization of prior service credit	(17,101)	(17,160)
Recognized net gain	(11,419)	(8,283)
Settlement credit	(2,957)	—
Curtailment credit	(2,202)	—
Asset transfer loss (a)	13,725	—
Net other postretirement benefits income	($13,159)	($18,216)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the third quarters of 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$571	$632	$162	$32	$158	$175
Interest cost on APBO	1,775	1,932	489	203	581	394
Expected return on assets	(4,225)	—	(1,327)	(1,065)	(2,451)	(703)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(170)	(1,093)	(73)
Recognized net (gain) loss	(353)	(1,500)	(58)	(83)	154	(7)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($1,708)	($4,721)	($973)	$16,097	($2,651)	($214)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$642	$700	$184	$51	$168	$175
Interest cost on APBO	1,833	1,999	486	253	603	398
Expected return on assets	(4,384)	—	(1,372)	(1,479)	(2,539)	(728)
Amortization of prior service cost (credit)	524	(1,136)	(239)	(229)	(1,093)	(73)
Recognized net (gain) loss	—	(1,738)	15	19	148	—
Net other postretirement benefits income	($1,385)	($175)	($926)	($1,385)	($2,713)	($228)

The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the nine months ended September 30, 2025 and 2024 included the following components:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,715	$1,974	$486	$136	$476	$523
Interest cost on APBO	5,325	5,956	1,467	701	1,745	1,182
Expected return on assets	(12,675)	—	(3,983)	(3,955)	(7,355)	(2,107)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(628)	(3,279)	(219)
Recognized net (gain) loss	(1,059)	(5,122)	(172)	(137)	460	(21)
Settlement credit	—	(1,014)	—	(1,345)	—	—
Curtailment credit	—	(1,094)	—	(268)	—	—
Asset transfer (gain) loss (a)	—	(2,541)	—	18,793	—	—
Net other postretirement benefits cost (income)	($5,122)	($5,249)	($2,919)	$13,297	($7,953)	($642)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Service cost - benefits earned during the period	$1,926	$2,100	$552	$153	$504	$525
Interest cost on APBO	5,499	5,997	1,458	759	1,809	1,194
Expected return on assets	(13,152)	—	(4,116)	(4,437)	(7,617)	(2,184)
Amortization of prior service cost (credit)	1,572	(3,408)	(717)	(687)	(3,279)	(219)
Recognized net (gain) loss	—	(5,214)	45	57	444	—
Net other postretirement benefits income	($4,155)	($525)	($2,778)	($4,155)	($8,139)	($684)

(a)     See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the third quarters of 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,494	($31)	$3,463
Amortization of net gain (loss)	(418)	2,786	(103)	2,265
Settlement loss	(167)	—	(238)	(405)
	($585)	$6,280	($372)	$5,323
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(94)	1,500	—	1,406
Settlement loss	(106)	—	—	(106)
	($200)	$2,636	$—	$2,436

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$3,513	($40)	$3,473
Amortization of net gain (loss)	(405)	2,615	(80)	2,130
	($405)	$6,128	($120)	$5,603
Entergy Louisiana
Amortization of prior service credit	$—	$1,136	$—	$1,136
Amortization of net gain (loss)	(104)	1,738	—	1,634
	($104)	$2,874	$—	$2,770

Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the nine months ended September 30, 2025 and 2024:

2025	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,480	($93)	$10,387
Amortization of net gain (loss)	(1,240)	8,926	(319)	7,367
Settlement loss	(167)	—	(238)	(405)
	($1,407)	$19,406	($650)	$17,349
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(276)	5,122	(2)	4,844
Settlement loss	(106)	—	—	(106)
	($382)	$8,530	($2)	$8,146

2024	Qualified Pension Costs	Other Postretirement Costs	Non-Qualified Pension Costs	Total
	(In Thousands)
Entergy
Amortization of prior service credit (cost)	$—	$10,539	($120)	$10,419
Amortization of net gain (loss)	(2,438)	7,845	(240)	5,167
Settlement loss	(316,974)	—	—	(316,974)
	($319,412)	$18,384	($360)	($301,388)
Entergy Louisiana
Amortization of prior service credit	$—	$3,408	$—	$3,408
Amortization of net gain (loss)	(312)	5,214	(2)	4,900
	($312)	$8,622	($2)	$8,308

Accounting for Pension and Other Postretirement Benefits

In accordance with accounting standards, the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income.

Qualified Pension Settlement Costs

The Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees were remeasured with the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025, resulting in settlement charges of $12.1 million as a result of ongoing payments of lump sum benefits from the plans and settlement charges of $11.8 million as a result of the sale. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and

incurred settlement costs. See Note 13 to the financial statements herein for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025.

In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred.

In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, to track the surplus or deficit in the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded are evaluated in each rate case filed by Entergy Texas and an amortization period is determined at that time.

See Note 11 to the financial statements in the Form 10-K for further discussion of pension and other postretirement benefits costs.

Employer Contributions

Based on current assumptions, Entergy expects to contribute $240 million to its qualified pension plans in 2025.  As of September 30, 2025, Entergy had contributed $147.6 million to its pension plans.  Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their current and former employees in 2025:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Expected 2025 pension contributions	$35,544	$41,253	$8,064	$5,016	$7,725	$15,668
Pension contributions made through September 2025	$23,160	$25,383	$5,322	$3,080	$4,735	$9,498
Remaining estimated pension contributions to be made in 2025	$12,384	$15,870	$2,742	$1,936	$2,990	$6,170