Entergy 2014 Annual Report Download - page 139
Download and view the complete annual report
Please find page 139 of the 2014 Entergy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.
(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
1RWHVWR)LQDQFLDO6WDWHPHQWV
DVUHTXLULQJIROORZXSLQVSHFWLRQWRGHWHUPLQHZKHWKHUSHUIRUPDQFHGHILFLHQFLHVH[LVWHG,Q0DUFKWKH15&
LVVXHG DQ LQVSHFWLRQ UHSRUW RQ WKH IROORZXS LQVSHFWLRQ WKDW GLVFXVVHG WZR SUHOLPLQDU\ ILQGLQJV RQH WKDW ZDV
SUHOLPLQDULO\ GHWHUPLQHG WR EH ³UHG ZLWK KLJK VDIHW\ VLJQLILFDQFH´ IRU 8QLW DQG RQH WKDW ZDV SUHOLPLQDULO\
GHWHUPLQHGWREH³\HOORZZLWKVXEVWDQWLDOVDIHW\VLJQLILFDQFH´IRU8QLWZLWKWKH15&LQGLFDWLQJIXUWKHUWKDWWKHVH
SUHOLPLQDU\ILQGLQJV PD\ ZDUUDQW DGGLWLRQDO UHJXODWRU\ RYHUVLJKW 7KLV UHSRUW DOVR QRWHG WKDW RQH DGGLWLRQDO LWHP
UHODWHGWRIORRGEDUULHUHIIHFWLYHQHVVZDVVWLOOXQGHUUHYLHZ
,Q0D\ WKH15& PHW ZLWK (QWHUJ\ GXULQJD UHJXODWRU\FRQIHUHQFH WR GLVFXVV WKHSUHOLPLQDU\ UHGDQG
\HOORZ ILQGLQJV DQG (QWHUJ\¶V UHVSRQVH WR WKH ILQGLQJV 'XULQJ WKH UHJXODWRU\ FRQIHUHQFH (QWHUJ\ SUHVHQWHG
LQIRUPDWLRQ RQ WKH IDFWV DQG DVVXPSWLRQV WKH 15& XVHG WR DVVHVV WKH SRWHQWLDO ILQGLQJV 7KH 15& XVHG WKH
LQIRUPDWLRQSURYLGHGE\(QWHUJ\DWWKHUHJXODWRU\FRQIHUHQFHWRILQDOL]HLWVGHFLVLRQUHJDUGLQJWKHLQVSHFWLRQWHDP¶V
ILQGLQJV ,Q D OHWWHU GDWHG -XQH WKH 15& FODVVLILHG ERWK ILQGLQJV DV ³\HOORZ ZLWK VXEVWDQWLDO VDIHW\
VLJQLILFDQFH´,QDQDVVHVVPHQWIROORZXSOHWWHUIRU$12GDWHG-XO\WKH15&VWDWHGWKDW JLYHQWKHWZR
\HOORZILQGLQJVLWGHWHUPLQHGWKDWWKHSHUIRUPDQFHDW$12LVLQWKH³GHJUDGHGFRUQHUVWRQHFROXPQ´RUFROXPQ
RI WKH 15&¶V UHDFWRU RYHUVLJKW SURFHVV DFWLRQ PDWUL[ EHJLQQLQJ WKH ILUVW TXDUWHU &RUUHFWLYH DFWLRQV LQ
UHVSRQVH WR WKH 15&¶V ILQGLQJV KDYH EHHQ WDNHQ DQG UHPDLQ RQJRLQJ DW $12 7KH 15& SODQV WR FRQGXFW
VXSSOHPHQWDOLQVSHFWLRQDFWLYLW\WRUHYLHZWKHDFWLRQVWDNHQWRDGGUHVVWKH\HOORZILQGLQJV(QWHUJ\ZLOOFRQWLQXHWR
LQWHUDFWZLWKWKH15&WRDGGUHVVWKH15&¶VILQGLQJV
,Q6HSWHPEHUWKH15&LVVXHGDQLQVSHFWLRQUHSRUWRQWKHIORRGEDUULHUHIIHFWLYHQHVVLVVXHWKDWZDVVWLOO
XQGHUUHYLHZDWWKHWLPHRIWKH0DUFKLQVSHFWLRQUHSRUW:KLOH(QWHUJ\EHOLHYHVWKDWWKHIORRGEDUULHULVVXHV
WKDW OHG WR WKH ILQGLQJ KDYH EHHQ DGGUHVVHG DW $12 15& SURFHVVHVVWLOOUHTXLUHG WKDWWKH15& DVVHVVWKHVDIHW\
VLJQLILFDQFHRIWKHGHILFLHQFLHV,QLWV6HSWHPEHULQVSHFWLRQUHSRUWWKH15&GLVFXVVHGDSUHOLPLQDU\ILQGLQJ
RI ³\HOORZ ZLWK VXEVWDQWLDO VDIHW\ VLJQLILFDQFH´ IRU WKH 8QLW DQG 8QLW DX[LOLDU\ DQG HPHUJHQF\ GLHVHO IXHO
VWRUDJH EXLOGLQJV 7KH 15& LQGLFDWHG WKDW WKHVH SUHOLPLQDU\ ILQGLQJV PD\ ZDUUDQW DGGLWLRQDO UHJXODWRU\
RYHUVLJKW(QWHUJ\UHTXHVWHGDSXEOLFUHJXODWRU\FRQIHUHQFHUHJDUGLQJWKHLQVSHFWLRQ DQGWKHFRQIHUHQFHZDVKHOG
RQ 2FWREHU 'XULQJ WKH UHJXODWRU\ FRQIHUHQFH (QWHUJ\ SUHVHQWHG LQIRUPDWLRQ UHODWHG WR WKH IDFWV DQG
DVVXPSWLRQVXVHGE\WKH15&LQDUULYLQJDWLWVSUHOLPLQDU\ILQGLQJRI³\HOORZZLWKVXEVWDQWLDOVDIHW\VLJQLILFDQFH´
,Q -DQXDU\ WKH 15& LVVXHG LWV ILQDO ULVN VLJQLILFDQFH GHWHUPLQDWLRQ IRU WKH IORRG EDUULHU YLRODWLRQ RULJLQDOO\
FLWHGLQWKH6HSWHPEHUUHSRUW7KH15&¶VILQDOULVNVLJQLILFDQFHGHWHUPLQDWLRQZDVFODVVLILHGDV³\HOORZZLWK
VXEVWDQWLDOVDIHW\VLJQLILFDQFH´
7KH15&¶V-DQXDU\OHWWHUGLGQRWDGYLVH$12RIWKHDGGLWLRQDOOHYHORIRYHUVLJKWWKDWZLOOUHVXOWIURP
WKH\HOORZILQGLQJUHODWHGWRWKHIORRGEDUULHULVVXHDQGLWVWDWHGWKDWWKH15&ZRXOGLQIRUP$12RIWKLVGHFLVLRQ
E\ VHSDUDWH FRUUHVSRQGHQFH 7KH \HOORZ ILQGLQJ PD\ UHVXOW LQ $12 EHLQJ SODFHG LQWR WKH ³PXOWLSOHUHSHWLWLYH
GHJUDGHGFRUQHUVWRQHFROXPQ´RIWKH15&¶VUHDFWRURYHUVLJKWSURFHVVDFWLRQPDWUL[ 3ODFHPHQW LQWRWKLVFROXPQ
ZRXOGUHTXLUHVLJQLILFDQWDGGLWLRQDO15&LQVSHFWLRQDFWLYLWLHVDWWKH$12VLWHLQFOXGLQJDUHYLHZRIWKHVLWH¶VURRW
FDXVHHYDOXDWLRQDVVRFLDWHGZLWKWKHIORRGEDUULHUDQGVWDWRULVVXHVDQDVVHVVPHQWRIWKHHIIHFWLYHQHVVRIWKHVLWH¶V
FRUUHFWLYH DFWLRQ SURJUDP DQ DGGLWLRQDO GHVLJQ EDVLV LQVSHFWLRQ D VDIHW\ FXOWXUH DVVHVVPHQW DQG SRVVLEO\ RWKHU
LQVSHFWLRQDFWLYLWLHVFRQVLVWHQWZLWKWKH15&¶V,QVSHFWLRQ3URFHGXUH7KHDGGLWLRQDO15&LQVSHFWLRQDFWLYLWLHVDW
WKHVLWHDUHH[SHFWHGWRLQFUHDVH$12¶VRSHUDWLQJFRVWV
Baxter Wilson Plant Event
2Q6HSWHPEHU(QWHUJ\0LVVLVVLSSL¶V%D[WHU:LOVRQ8QLWSRZHUSODQWH[SHULHQFHGDVLJQLILFDQW
XQSODQQHGRXWDJHHYHQW(QWHUJ\0LVVLVVLSSLFRPSOHWHGWKHUHSDLUVWRWKHXQLWLQ'HFHPEHU$VRI'HFHPEHU
(QWHUJ\ 0LVVLVVLSSL LQFXUUHG PLOOLRQ RI FDSLWDO VSHQGLQJ DQG PLOOLRQ RI RSHUDWLRQ DQG
PDLQWHQDQFH H[SHQVHV WR UHWXUQ WKH XQLW WR VHUYLFH 7KH GDPDJH ZDV FRYHUHG E\ (QWHUJ\ 0LVVLVVLSSL¶V SURSHUW\
LQVXUDQFHSROLF\VXEMHFWWRDPLOOLRQGHGXFWLEOH$VRI'HFHPEHU(QWHUJ\0LVVLVVLSSLUHFRUGHGDQ
LQVXUDQFHUHFHLYDEOHRIPLOOLRQIRUWKHDPRXQWH[SHFWHGWREHUHFHLYHGIURPLWVLQVXUDQFHSROLF\DOORFDWLQJ
PLOOLRQ RI WKH H[SHFWHG LQVXUDQFH SURFHHGV WR FDSLWDO VSHQGLQJ DQG PLOOLRQ WR RSHUDWLRQ DQG
PDLQWHQDQFHH[SHQVHV,Q-XQH(QWHUJ\0LVVLVVLSSLILOHGDUDWHFDVHZLWKWKH036&ZKLFKLQFOXGHVUHFRYHU\
RI WKH FRVWV DVVRFLDWHG ZLWK %D[WHU :LOVRQ 8QLW UHSDLU DFWLYLWLHV QHW RI DSSOLFDEOH LQVXUDQFH SURFHHGV ,Q
'HFHPEHU WKH 036& LVVXHG DQ RUGHU WKDW SURYLGHG IRU D GHIHUUDO RI PLOOLRQ LQ RWKHU RSHUDWLRQ DQG