Entergy 2006 Annual Report Download - page 90

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ENTERGY CORPORATION AND SUBSIDIARIES 2
2000066
74
Maturity Date 2006 2005
Governmental Bonds(a):
5.45% Series Calcasieu Parish – Louisiana 2010 $ 22,095 $ 22,095
6.75% Series Calcasieu Parish – Louisiana 2012 48,285 48,285
6.7% Series Pointe Coupee Parish – Louisiana 2013 17,450 17,450
5.7% Series Iberville Parish – Louisiana 2014 21,600 21,600
5.8% Series West Feliciana Parish – Louisiana 2015 28,400 28,400
7.0% Series West Feliciana Parish – Louisiana 2015 39,000 39,000
5.8% Series West Feliciana Parish – Louisiana 2016 20,000 20,000
6.3% Series Pope County – Arkansas(b) 2016 19,500 19,500
4.6% Series Jefferson County – Arkansas(b) 2017 54,700 –
5.6% Series Jefferson County – Arkansas 2017 – 45,500
6.3% Series Jefferson County – Arkansas(b) 2018 – 9,200
6.3% Series Pope County – Arkansas 2020 120,000 120,000
5.0% Series Independence County – Arkansas 2021 45,000 45,000
5.875% Series Mississippi Business Finance Corp. 2022 216,000 216,000
5.9% Series Mississippi Business Finance Corp. 2022 102,975 102,975
Auction Rate Independence County – Mississippi(b) 2022 30,000 30,000
4.6% Series Mississippi Business Finance Corp.(b) 2022 16,030 16,030
5.95% Series St. Charles Parish – Louisiana(b) 2023 – 25,000
6.2% Series Claiborne County – Mississippi 2026 90,000 90,000
6.6% Series West Feliciana Parish – Louisiana 2028 40,000 40,000
Auction Rate St. Charles Parish – Louisiana(b) 2030 60,000 60,000
Total Governmental Bonds $ 991,035 $1,016,035
Other Long-Term Debt:
Note Payable to NYPA, non-interest bearing, 4.8% implicit rate $ 297,289 $ 373,186
5 year Bank Credit Facility, weighted avg rate 5.30% (Note 4) 820,000 785,000
Bank term loan, Entergy Corporation, avg rate 2.98%, due 2010 60,000 60,000
Bank term loan, Entergy Corporation, avg rate 3.08%, due 2008 35,000 35,000
6.17% Notes due March 2008, Entergy Corporation 72,000 72,000
6.23% Notes due March 2008, Entergy Corporation 15,000 15,000
6.13% Notes due September 2008, Entergy Corporation 150,000 150,000
7.75% Notes due December 2009, Entergy Corporation 267,000 267,000
6.58% Notes due May 2010, Entergy Corporation 75,000 75,000
6.9% Notes due November 2010, Entergy Corporation 140,000 140,000
7.625% Notes initially due February 2011, Entergy Corporation(e) 500,000 500,000
7.06% Notes due March 2011, Entergy Corporation 86,000 86,000
Long-term DOE Obligation(d) 168,723 161,048
Waterford 3 Lease Obligation 7.45% (Note 10) 247,725 247,725
Grand Gulf Lease Obligation 5.62% (Note 10) 345,340 364,806
Unamortized Premium and Discount – Net (5,991) (6,886)
Other 40,542 12,096
Total Long-Term Debt $8,979,663 $8,928,010
Less Amount Due Within One Year 181,576 103,517
Long-Term Debt Excluding Amount Due Within One Year $8,798,087 $8,824,493
Fair Value of Long-Term Debt(e) $ 8,106,540 $ 8,009,388
(a) Consists of pollution control revenue bonds and environmental revenue bonds.
(b) The bonds are secured by a series of collateral first mortgage bonds.
(c) In December 2005, Entergy Corporation sold 10 million equity units with a stated amount of $50 each. An equity unit consists of (1) a note, initially due February
2011 and initially bearing interest at an annual rate of 5.75%, and (2) a purchase contract that obligates the holder of the equity unit to purchase for $50 between
0.5705 and 0.7074 shares of Entergy Corporation common stock on or before February 17, 2009. Entergy will pay the holders quarterly contract adjustment payments of
1.875% per year on the stated amount of $50 per equity unit. Under the terms of the purchase contracts, Entergy Corporation will issue between 5,705,000 and
7,074,000 shares of common stock in the settlement of the purchase contracts (subject to adjustment under certain circumstances).
(d) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service.
The contracts include a one-time fee for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel
prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.
(e) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer
markets and by nationally recognized investment banking firms.
NOTESto CONSOLIDATED FINANCIAL STATEMENTS continued