Entergy 2014 Annual Report Download - page 140

Download and view the complete annual report

Please find page 140 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.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
1RWHVWR)LQDQFLDO6WDWHPHQWV
PDLQWHQDQFHH[SHQVHVDVVRFLDWHGZLWKWKH%D[WHU:LOVRQRXWDJHDQGWKDWWKHUHJXODWRU\DVVHWVKRXOGDFFUXHFDUU\LQJ
FRVWVZLWKDPRUWL]DWLRQRIWKHUHJXODWRU\DVVHWWRRFFXURYHUWZR\HDUVEHJLQQLQJLQ)HEUXDU\DQGSURYLGHG
WKDWWKHFDSLWDOFRVWVZLOOEHUHIOHFWHGLQUDWHEDVH7KHILQDO DFFRXQWLQJ RI FRVWV WR UHWXUQ WKH XQLW WR VHUYLFH DQG 
LQVXUDQFHSURFHHGVZLOOEHDGGUHVVHGLQ(QWHUJ\0LVVLVVLSSVQH[WIRUPXODUDWHSODQILOLQJ
Nuclear Insurance
Third Party Liability Insurance
7KH 3ULFH$QGHUVRQ $FW UHTXLUHV WKDW UHDFWRU OLFHQVHHV SXUFKDVH LQVXUDQFH DQG SDUWLFLSDWH LQ D VHFRQGDU\
LQVXUDQFHSRROWKDWSURYLGHVLQVXUDQFHFRYHUDJHIRUWKHSXEOLFLQWKHHYHQWRIDQXFOHDUSRZHUSODQWDFFLGHQW7KH
FRVWV RI WKLV LQVXUDQFH DUH ERUQH E\ WKH QXFOHDU SRZHU LQGXVWU\&RQJUHVV DPHQGHG DQG UHQHZHG WKH 3ULFH
$QGHUVRQ$FW LQ  IRU D WHUPWKURXJK 7KH 3ULFH$QGHUVRQ$FW UHTXLUHV QXFOHDU SRZHU SODQWV WR VKRZ
HYLGHQFH RI ILQDQFLDO SURWHFWLRQ LQ WKHHYHQW RI D QXFOHDU DFFLGHQW 7KLV SURWHFWLRQ PXVW FRQVLVW RI WZR OD\HUV RI
FRYHUDJH
 7KH SULPDU\ OHYHO LV SULYDWH LQVXUDQFH XQGHUZULWWHQ E\ $PHULFDQ 1XFOHDU ,QVXUHUV $1, DQG SURYLGHV
SXEOLFOLDELOLW\LQVXUDQFHFRYHUDJHRIPLOOLRQ,IWKLVDPRXQWLVQRWVXIILFLHQWWRFRYHUFODLPVDULVLQJ
IURPDQDFFLGHQWWKHVHFRQGOHYHO6HFRQGDU\)LQDQFLDO3URWHFWLRQDSSOLHV
 :LWKLQWKH6HFRQGDU\ )LQDQFLDO3URWHFWLRQ OHYHO HDFK QXFOHDU UHDFWRU KDV D FRQWLQJHQW REOLJDWLRQWRSD\ D
UHWURVSHFWLYHSUHPLXPHTXDOWRLWVSURSRUWLRQDWHVKDUHRIWKHORVVLQH[FHVV RIWKHSULPDU\OHYHOUHJDUGOHVV
RISUR[LPLW\WRWKHLQFLGHQWRUIDXOWXSWRDPD[LPXPRIPLOOLRQSHUUHDFWRUSHULQFLGHQW(QWHUJ\¶V
PD[LPXP WRWDO FRQWLQJHQW REOLJDWLRQ SHU LQFLGHQW LV  ELOOLRQ 7KLV FRQVLVWV RI D  PLOOLRQ
PD[LPXPUHWURVSHFWLYHSUHPLXPSOXVDILYHSHUFHQWVXUFKDUJHZKLFKHTXDWHVWRPLOOLRQWKDWPD\
EHSD\DEOHLIQHHGHGDWDUDWHWKDWLVFXUUHQWO\VHWDWPLOOLRQSHU\HDUSHULQFLGHQWSHUQXFOHDUSRZHU
UHDFWRU
 ,QWKHHYHQWWKDWRQHRUPRUHDFWVRIWHUURULVPFDXVHDQXFOHDUSRZHUSODQWDFFLGHQWZKLFKUHVXOWVLQWKLUG
SDUW\GDPDJHV±RIIVLWHSURSHUW\DQGHQYLURQPHQWDOGDPDJHRIIVLWHERGLO\LQMXU\DQGRQVLWHWKLUGSDUW\
ERGLO\LQMXU\ LH FRQWUDFWRUV WKH SULPDU\OHYHO SURYLGHG E\$1, FRPELQHG ZLWKWKH6HFRQGDU\)LQDQFLDO
3URWHFWLRQZRXOGSURYLGHELOOLRQLQFRYHUDJH7KH7HUURULVP5LVN,QVXUDQFH5HDXWKRUL]DWLRQ$FWRI
FUHDWHGDJRYHUQPHQWSURJUDPWKDWSURYLGHVIRUXSWRELOOLRQLQFRYHUDJHLQH[FHVVRIH[LVWLQJ
FRYHUDJH IRU D WHUURULVW HYHQW  7KH 7HUURULVP 5LVN ,QVXUDQFH 5HDXWKRUL]DWLRQ $FW RI  H[SLUHG RQ
'HFHPEHU+RZHYHU7KH7HUURULVP5LVN,QVXUDQFH5HDXWKRUL]DWLRQ$FWRIZDVVLJQHGLQWR
ODZ E\ WKH 3UHVLGHQW RI WKH 8QLWHG 6WDWHV RQ -DQXDU\   WKHUHE\ H[WHQGLQJ WKH 7HUURULVP 5LVN
,QVXUDQFH$FWIRUVL[\HDUVXQWLO'HFHPEHU
&XUUHQWO\  QXFOHDU UHDFWRUV DUH SDUWLFLSDWLQJ LQ WKH 6HFRQGDU\ )LQDQFLDO 3URWHFWLRQ SURJUDP 7KH
SURGXFWRIWKHPD[LPXPUHWURVSHFWLYHSUHPLXPDVVHVVPHQWWRWKHQXFOHDUSRZHULQGXVWU\DQGWKHQXPEHURIQXFOHDU
SRZHU UHDFWRUV SURYLGHV RYHU ELOOLRQLQVHFRQGDU\OD\HULQVXUDQFHFRYHUDJHWRFRPSHQVDWHWKHSXEOLFLQWKH
HYHQWRIDQXFOHDUSRZHUUHDFWRUDFFLGHQW7KH3ULFH$QGHUVRQ$FWSURYLGHVWKDWDOOSRWHQWLDOOLDELOLW\IRUDQXFOHDU
DFFLGHQWLVOLPLWHGWRWKHDPRXQWVRILQVXUDQFHFRYHUDJHDYDLODEOHXQGHUWKHSULPDU\DQGVHFRQGDU\OD\HUV
(QWHUJ\ $UNDQVDV KDV WZR OLFHQVHG UHDFWRUV DQG (QWHUJ\ *XOI 6WDWHV /RXLVLDQD (QWHUJ\ /RXLVLDQD DQG
6\VWHP(QHUJ\HDFKKDYHRQHOLFHQVHGUHDFWRURI*UDQG*XOILVRZQHGE\DQRQDIILOLDWHGFRPSDQ\60(3$
WKDW ZRXOG VKDUH RQ D SURUDWD EDVLV LQ DQ\ UHWURVSHFWLYH SUHPLXP DVVHVVPHQW WR 6\VWHP (QHUJ\ XQGHU WKH 3ULFH
$QGHUVRQ $FW 7KH (QWHUJ\ :KROHVDOH &RPPRGLWLHV VHJPHQW LQFOXGHV WKH RZQHUVKLS RSHUDWLRQ DQG
GHFRPPLVVLRQLQJ RI  QXFOHDU SRZHU UHDFWRUV DQGWKH RZQHUVKLS RI WKH VKXWGRZQ,QGLDQ 3RLQW  UHDFWRU DQG%LJ
5RFN3RLQWIDFLOLW\
