Entergy 2014 Annual Report Download - page 100


(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
1RWHVWR)LQDQFLDO6WDWHPHQWV


$UDWHFDVHVHWWOHPHQWLQFOXGHGPLOOLRQSHU\HDULQHOHFWULFUDWHVWRIXQGWKH(QHUJ\6PDUWHQHUJ\
HIILFLHQF\SURJUDPV,Q6HSWHPEHUWKH&LW\&RXQFLODSSURYHGWKHHQHUJ\HIILFLHQF\SURJUDPVILOHGE\(QWHUJ\
1HZ2UOHDQV7KHUDWHVHWWOHPHQWSURYLGHVDQLQFHQWLYHIRU(QWHUJ\1HZ2UOHDQVWRPHHWRUH[FHHGHQHUJ\VDYLQJV
WDUJHWVVHWE\WKH&LW\&RXQFLODQGSURYLGHVDPHFKDQLVPIRU(QWHUJ\1HZ2UOHDQVWRUHFRYHUORVWFRQWULEXWLRQWR
IL[HGFRVWVDVVRFLDWHGZLWKWKHHQHUJ\VDYLQJVJHQHUDWHGIURPWKHHQHUJ\HIILFLHQF\SURJUDPV,Q2FWREHUWKH
&LW\ &RXQFLO DSSURYHG WKH H[WHQVLRQ RI WKH FXUUHQW (QHUJ\ 6PDUW SURJUDP WKURXJK 'HFHPEHU   7KH &LW\
&RXQFLO DSSURYHG WKH XVH RI  PLOOLRQ RI URXJK SURGXFWLRQ FRVW HTXDOL]DWLRQ IXQGV IRU SURJUDP FRVWV  ,Q
DGGLWLRQ(QWHUJ\1HZ2UOHDQVZLOOEHDOORZHGWRUHFRYHULWVORVWFRQWULEXWLRQWRIL[HGFRVWVDQGWRHDUQDQLQFHQWLYH
IRU PHHWLQJ SURJUDP JRDOV  ,Q -DQXDU\  WKH &LW\ &RXQFLO DSSURYHG H[WHQGLQJ WKH (QHUJ\ 6PDUW SURJUDP
WKURXJK0DUFKDQGXVLQJPLOOLRQRIURXJKSURGXFWLRQFRVW HTXDOL]DWLRQIXQGVWRFRYHUSURJUDPFRVWVIRU
WKHH[WHQGHGSHULRG$GGLWLRQDOO\WKH&LW\&RXQFLODSSURYHGIXQGLQJIRUWKH(QHUJ\6PDUWSURJUDPVIURP$SULO
WKURXJK0DUFKXVLQJWKHUHPDLQGHURIWKHDSSUR[LPDWHO\ PLOOLRQRIURXJKSURGXFWLRQFRVW
HTXDOL]DWLRQIXQGVDQGZLWKDQ\UHPDLQLQJFRVWVEHLQJUHFRYHUHGWKURXJKWKHIXHODGMXVWPHQWFODXVH

Filings with the PUCT and Texas Cities (Entergy Texas)

5HWDLO5DWHV

5DWH&DVH

,Q1RYHPEHU(QWHUJ\7H[DVILOHGDUDWHFDVHUHTXHVWLQJDPLOOLRQEDVHUDWHLQFUHDVHUHIOHFWLQJD
UHWXUQRQFRPPRQHTXLW\EDVHGRQDQDGMXVWHG-XQHWHVW\HDU7KHUDWHFDVHDOVRSURSRVHGDSXUFKDVHG
SRZHUUHFRYHU\ULGHU2Q-DQXDU\WKH38&7YRWHGQRWWRDGGUHVVWKHSXUFKDVHGSRZHUUHFRYHU\ULGHULQ
WKHFXUUHQWUDWHFDVHEXWWKH38&7YRWHGWRVHWDEDVHOLQHLQWKHUDWHFDVHSURFHHGLQJWKDWZRXOGEHDSSOLFDEOHLID
SXUFKDVHGSRZHU FDSDFLW\ULGHU LV DSSURYHGLQD VHSDUDWH SURFHHGLQJ,Q$SULO WKH38&76WDII ILOHG GLUHFW
WHVWLPRQ\ UHFRPPHQGLQJ D EDVH UDWH LQFUHDVH RI  PLOOLRQ DQG D  UHWXUQ RQ FRPPRQ HTXLW\ 7KH 38&7
6WDIIKRZHYHUVXEVHTXHQWO\ILOHGDVWDWHPHQWRISRVLWLRQLQWKHSURFHHGLQJLQGLFDWLQJWKDWLWZDVVWLOOHYDOXDWLQJWKH
SRVLWLRQLWZRXOGXOWLPDWHO\WDNHLQWKHFDVHUHJDUGLQJ(QWHUJ\7H[DV¶VUHFRYHU\RISXUFKDVHGSRZHUFDSDFLW\FRVWV
DQG (QWHUJ\7H[DV¶V SURSRVDO WR GHIHU LWV 0,62 WUDQVLWLRQ H[SHQVHV,Q$SULO (QWHUJ\7H[DV ILOHG UHEXWWDO
WHVWLPRQ\ LQGLFDWLQJ D UHYLVHG UHTXHVW IRU D  PLOOLRQ EDVH UDWH LQFUHDVH $ KHDULQJ ZDV KHOG LQ ODWH$SULO
WKURXJKHDUO\0D\

,Q 6HSWHPEHU  WKH 38&7 LVVXHG DQ RUGHU DSSURYLQJ D  PLOOLRQ UDWH LQFUHDVH HIIHFWLYH -XO\ 
 7KH RUGHU LQFOXGHV D ILQGLQJ WKDW ³D UHWXUQ RQ FRPPRQ HTXLW\ 52( RI  SHUFHQW ZLOO DOORZ >(QWHUJ\
7H[DV@ D UHDVRQDEOH RSSRUWXQLW\ WR HDUQ D UHDVRQDEOH UHWXUQ RQ LQYHVWHG FDSLWDO´ 7KH RUGHU DOVR SURYLGHV IRU
LQFUHDVHV LQ GHSUHFLDWLRQ UDWHV DQG WKH DQQXDO VWRUP UHVHUYH DFFUXDO 7KH RUGHU DOVR UHGXFHG (QWHUJ\ 7H[DV¶V
SURSRVHGSXUFKDVHGSRZHUFDSDFLW\FRVWVVWDWLQJWKDWWKH\DUHQRWNQRZQDQGPHDVXUDEOHUHGXFHG(QWHUJ\7H[DV¶V
UHJXODWRU\ DVVHWV DVVRFLDWHG ZLWK +XUULFDQH 5LWD H[FOXGHG IURP UDWH UHFRYHU\ FDSLWDOL]HG ILQDQFLDOO\EDVHG
LQFHQWLYH FRPSHQVDWLRQ LQFOXGHG  PLOOLRQ RI 0,62 WUDQVLWLRQ H[SHQVH LQ EDVH UDWHV DQG UHGXFHG (QWHUJ\¶V
7H[DV¶V IXHO UHFRQFLOLDWLRQ UHFRYHU\ E\  PLOOLRQ EHFDXVH LW GLVDJUHHG ZLWK WKH OLQHORVV IDFWRU XVHG LQ WKH
FDOFXODWLRQ$IWHUFRQVLGHULQJWKHSURJUHVVRIWKHSURFHHGLQJLQOLJKWRIWKH38&7RUGHU(QWHUJ\7H[DVUHFRUGHGLQ
WKHWKLUGTXDUWHUDQDSSUR[LPDWHPLOOLRQFKDUJHWRUHFRJQL]HWKDW DVVHWVDVVRFLDWHGZLWK+XUULFDQH5LWD
ILQDQFLDOO\EDVHG LQFHQWLYH FRPSHQVDWLRQ DQG IXHO UHFRYHU\ DUH QR ORQJHU SUREDEOH RI UHFRYHU\ (QWHUJ\ 7H[DV
FRQWLQXHV WR EHOLHYH WKDW LW LV HQWLWOHG WR UHFRYHU WKHVH SUXGHQWO\ LQFXUUHG FRVWV KRZHYHU DQG LW ILOHG D PRWLRQ IRU
UHKHDULQJUHJDUGLQJWKHVHDQGVHYHUDORWKHULVVXHVLQWKH38&7¶VRUGHURQ2FWREHU 6HYHUDORWKHUSDUWLHV
KDYHDOVRILOHGPRWLRQVIRUUHKHDULQJRIWKH38&7¶VRUGHU7KH38&7VXEVHTXHQWO\GHQLHGUHKHDULQJRIVXEVWDQWLYH
LVVXHV 6HYHUDO SDUWLHV LQFOXGLQJ (QWHUJ\ 7H[DV KDYH DSSHDOHG WKH 38&7¶V RUGHU WR WKH 7UDYLV &RXQW\ 'LVWULFW
&RXUW  $KHDULQJ ZDV KHOG LQ -XO\   ,Q 2FWREHU  WKH 7UDYLV &RXQW\ 'LVWULFW &RXUW LVVXHG DQ RUGHU
XSKROGLQJWKH38&7¶VGHFLVLRQH[FHSWDVWRWKHOLQHORVVIDFWRULVVXHUHIHUHQFHGDERYHZKLFKZDVIRXQGLQIDYRURI
(QWHUJ\ 7H[DV  ,Q 1RYHPEHU  (QWHUJ\ 7H[DV DSSHDOHG WKH 7UDYLV &RXQW\ 'LVWULFW &RXUW GHFLVLRQ DQG WKH
38&7DSSHDOHGWKHGHFLVLRQRQWKHOLQHORVVIDFWRULVVXH(QWHUJ\7H[DVH[SHFWVWRILOHEULHIVGXULQJWKHILUVWKDOIRI



