Entergy 2014 Annual Report Download - page 97


(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
1RWHVWR)LQDQFLDO6WDWHPHQWV


UDWHVWDELOL]DWLRQSODQZLWKDPLGSRLQWUHWXUQRQHTXLW\RIZLWKDILUVW\HDUPLGSRLQWUHVHWGLVPLVVDORID
GRFNHWLQLWLDWHGE\WKH/36&WRHYDOXDWHWKHDOORZHGUHWXUQRQHTXLW\IRU(QWHUJ\*XOI6WDWHV/RXLVLDQD¶VJDVUDWH 
VWDELOL]DWLRQSODQDQGSUHVHQWDWLRQWRWKH/36& E\1RYHPEHUE\(QWHUJ\*XOI6WDWHV/RXLVLDQDDQGWKH
/36& 6WDII RI WKHLU UHFRPPHQGDWLRQ IRU LPSOHPHQWDWLRQ RI DQ LQIUDVWUXFWXUH ULGHU WR UHFRYHU H[SHQGLWXUHV
DVVRFLDWHGZLWKVWUDWHJLFSODQWLQYHVWPHQW7KH/36&DSSURYHGWKHDJUHHPHQWLQ0D\

 ,Q-DQXDU\(QWHUJ\*XOI6WDWHV/RXLVLDQDILOHGZLWKWKH /36&LWVJDVUDWHVWDELOL]DWLRQSODQIRUWKH
WHVW\HDUHQGHG6HSWHPEHU7KHILOLQJVKRZHGDQHDUQHGUHWXUQRQFRPPRQHTXLW\RIZKLFKUHVXOWV
LQDPLOOLRQUDWHLQFUHDVH,Q$SULOWKH/36&6WDIILVVXHG D UHSRUW LQGLFDWLQJ ³WKDW (QWHUJ\ *XOI 6WDWHV 
/RXLVLDQDKDVSURSHUO\GHWHUPLQHGLWVHDUQLQJVIRUWKHWHVW\HDUHQGHG6HSWHPEHU´7KHPLOOLRQUDWH
LQFUHDVHZDVLPSOHPHQWHGHIIHFWLYHZLWKWKHILUVWELOOLQJF\FOHRI$SULO

 ,QDFFRUGDQFHZLWKWKHVHWWOHPHQWRI(QWHUJ\*XOI6WDWHV/RXLVLDQD¶VJDVUDWHVWDELOL]DWLRQSODQIRUWKHWHVW
\HDU HQGHG 6HSWHPEHU   LQ $XJXVW  (QWHUJ\ *XOI 6WDWHV /RXLVLDQD VXEPLWWHG IRU FRQVLGHUDWLRQ D
SURSRVDO IRU LPSOHPHQWDWLRQ RI DQ LQIUDVWUXFWXUH ULGHU WR UHFRYHU H[SHQGLWXUHV DVVRFLDWHG ZLWK VWUDWHJLF SODQW
LQYHVWPHQWDQGUHORFDWLRQSURMHFWVPDQGDWHGE\ORFDOJRYHUQPHQWV$IWHUUHYLHZE\WKH/36&VWDIIDQGLQFOXVLRQRI
FHUWDLQFXVWRPHUVDIHJXDUGV UHTXLUHG E\ WKH /36&VWDII LQ'HFHPEHU(QWHUJ\*XOI6WDWHV/RXLVLDQDDQGWKH
/36& VWDII VXEPLWWHG D MRLQW VHWWOHPHQW IRU LPSOHPHQWDWLRQ RI DQ DFFHOHUDWHG JDV SLSH UHSODFHPHQW SURJUDP
SURYLGLQJIRUWKHUHSODFHPHQWRIDSSUR[LPDWHO\PLOHVRISLSHRYHUWKHQH[WWHQ\HDUVDVZHOODVUHORFDWLRQRI
FHUWDLQH[LVWLQJSLSHUHVXOWLQJIURPORFDOJRYHUQPHQWUHODWHGLQIUDVWUXFWXUHSURMHFWVDQGIRUDULGHUWRUHFRYHUWKH
LQYHVWPHQW DVVRFLDWHG ZLWK WKHVHSURMHFWV  7KHULGHU DOORZV IRU UHFRYHU\ RI DSSUR[LPDWHO\  PLOOLRQ RYHU WHQ
\HDUV7KHULGHUUHFRYHU\ZLOOEHDGMXVWHGRQDTXDUWHUO\EDVLVWRLQFOXGHDFWXDOLQYHVWPHQWLQFXUUHGIRUWKHSULRU
TXDUWHU DQGLV VXEMHFW WR WKHIROORZLQJ FRQGLWLRQV DPRQJ RWKHUV  D WHQ\HDU WHUP DSSOLFDWLRQ RIDQ\ HDUQLQJV LQ
H[FHVV RI  DV DQ RIIVHW WR WKH UHYHQXH UHTXLUHPHQW RI WKH LQIUDVWUXFWXUH ULGHU  DGKHUHQFH WR D VSHFLILHG
VSHQGLQJ SODQ ZLWKLQ SOXV RU PLQXV  SHUFHQW DQQXDOO\ DQQXDO ILOLQJV FRPSDULQJ DFWXDO YHUVXV SODQQHG ULGHU
VSHQGLQJZLWKDFWXDOVSHQGLQJDQGH[SODQDWLRQRIYDULDQFHVH[FHHGLQJWHQSHUFHQWDQGDQDQQXDOWUXHXS7KHMRLQW
VHWWOHPHQWZDVDSSURYHGE\WKH/36&LQ-DQXDU\,PSOHPHQWDWLRQRIWKHLQIUDVWUXFWXUHULGHUZLOOFRPPHQFH
ZLWKELOOVUHQGHUHGRQDQGDIWHUWKHILUVWELOOLQJF\FOHRI$SULO

,Q-DQXDU\(QWHUJ\*XOI6WDWHV/RXLVLDQDILOHGZLWKWKH/36&LWVJDVUDWHVWDELOL]DWLRQSODQIRUWKH
WHVW\HDUHQGHG6HSWHPEHU7KHILOLQJVKRZHGDQHDUQHGUHWXUQRQFRPPRQHTXLW\RIZKLFKUHVXOWV
LQDWKRXVDQGUDWHLQFUHDVH7KHUDWHLQFUHDVHLIDSSURYHGZLOOEHLPSOHPHQWHGHIIHFWLYHZLWKWKHILUVWELOOLQJ
F\FOHRI$SULO

Filings with the MPSC (Entergy Mississippi)

)RUPXOD5DWH3ODQ)LOLQJV

,Q 6HSWHPEHU  (QWHUJ\ 0LVVLVVLSSL ILOHG ZLWK WKH 036& SURSRVHG PRGLILFDWLRQV WR LWV IRUPXOD UDWH 
SODQ ULGHU ,Q 0DUFK WKH 036& LVVXHG DQ RUGHU SURYLGLQJ WKH RSSRUWXQLW\ IRU D UHVHW RI (QWHUJ\
0LVVLVVLSSL¶VUHWXUQRQFRPPRQHTXLW\WRDSRLQWZLWKLQWKHIRUPXOD UDWHSODQEDQGZLGWKDQGHOLPLQDWLQJWKH
VKDULQJ WKDW KDG EHHQ LQ WKH SODQ  PRGLI\LQJ WKH SHUIRUPDQFH PHDVXUHPHQW SURFHVV DQG UHSODFLQJ WKH
UHYHQXHFKDQJHOLPLWRIWZRSHUFHQWRIUHYHQXHVZKLFKZDVVXEMHFWWRDPLOOLRQUHYHQXHDGMXVWPHQWFDSZLWK
D OLPLW RI IRXU SHUFHQW RI UHYHQXHV DOWKRXJK DQ\ DGMXVWPHQW DERYH WZR SHUFHQW UHTXLUHV D KHDULQJ EHIRUH WKH
036& 7KH 036& GLG QRW DSSURYH (QWHUJ\ 0LVVLVVLSSL¶V UHTXHVW WR XVH D SURMHFWHG WHVW \HDU IRU LWV DQQXDO
VFKHGXOHGIRUPXODUDWHSODQILOLQJDQGWKHUHIRUH(QWHUJ\0LVVLVVLSSLFRQWLQXHGWRXVHDKLVWRULFDOWHVW\HDUIRULWV
DQQXDOHYDOXDWLRQUHSRUWVXQGHUWKHSODQ

,Q0DUFK(QWHUJ\0LVVLVVLSSLVXEPLWWHGLWVIRUPXODUDWHSODQILOLQJIRUWKHWHVW\HDU7KHILOLQJ
VKRZVDQHDUQHGUHWXUQRQFRPPRQHTXLW\RIIRUWKHWHVW\HDUZKLFKLVZLWKLQWKHHDUQLQJVEDQGZLGWKDQG
UHVXOWVLQQRFKDQJHLQUDWHV,Q)HEUXDU\WKH036&DSSURYHGDMRLQWVWLSXODWLRQEHWZHHQ(QWHUJ\0LVVLVVLSSL
DQGWKH0LVVLVVLSSL3XEOLF8WLOLWLHV6WDIIWKDWSURYLGHGIRUQRFKDQJHLQUDWHV

