Entergy Louisiana, LLC COLLATERAL TR MT (ELC) 10-Q 6 Nov 09 2009 Q3 Quarterly report Financial data

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
OPERATING REVENUES
Electric	$2,195,461	$3,209,000	$6,140,823	$7,779,450
Natural gas	24,030	41,981	126,914	185,361
Competitive businesses	717,604	712,903	1,979,259	2,128,077
TOTAL	2,937,095	3,963,884	8,246,996	10,092,888
OPERATING EXPENSES
Fuel, fuel-related expenses, and gas purchased for resale	559,129	1,270,160	1,927,692	2,537,498
Purchased power	388,308	764,122	1,034,483	2,132,967
Nuclear refueling outage expenses	61,441	58,079	178,454	165,177
Other operation and maintenance	681,576	636,989	2,021,462	1,958,566
Decommissioning	50,069	47,515	148,119	140,327
Taxes other than income taxes	128,851	140,819	385,649	375,332
Depreciation and amortization	280,641	263,656	799,183	756,617
Other regulatory charges (credits) - net	(13,224)	30,452	(29,371)	99,970
TOTAL	2,136,791	3,211,792	6,465,671	8,166,454
OPERATING INCOME	800,304	752,092	1,781,325	1,926,434
OTHER INCOME
Allowance for equity funds used during construction	14,770	10,411	47,499	28,782
Interest and dividend income	64,730	37,533	170,007	143,273
Other than temporary impairment losses	(457)	(7,133)	(85,396)	(35,193)
Equity in earnings (loss) of unconsolidated equity affiliates	1,316	1,459	(442)	(2,042)
Miscellaneous - net	4,423	5,200	(20,468)	(2,439)
TOTAL	84,782	47,470	111,200	132,381
INTEREST AND OTHER CHARGES
Interest on long-term debt	130,132	128,746	383,255	371,793
Other interest - net	22,625	33,229	69,406	93,795
Allowance for borrowed funds used during construction	(8,252)	(5,939)	(26,547)	(15,992)
TOTAL	144,505	156,036	426,114	449,596
INCOME BEFORE INCOME TAXES	740,581	643,526	1,466,411	1,609,219
Income taxes	280,414	168,239	534,101	544,256
CONSOLIDATED NET INCOME	460,167	475,287	932,310	1,064,963
Preferred dividend requirements of subsidiaries	4,998	4,998	14,993	14,971
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$455,169	$470,289	$917,317	$1,049,992
Earnings per average common share
Basic	2.35	2.47	4.73	5.48
Diluted	2.32	2.41	4.66	5.33
Dividends declared per common share	0.75	0.75	2.25	2.25
Basic average number of common shares outstanding	193,424,904	190,379,009	194,044,214	191,444,611
Diluted average number of common shares outstanding	195,875,241	194,960,830	197,382,562	197,064,629

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
OPERATING ACTIVITIES
Consolidated net income	$932,310	$1,064,963
Consolidated net income Adjustments to reconcile consolidated net income to net cash flow
Reserve for regulatory adjustments	(1,080)	(1,861)
Other regulatory charges (credits) - net	(29,371)	99,970
Depreciation, amortization, and decommissioning	947,301	896,945
Deferred income taxes, investment tax credits, and non-current taxes accrued	512,795	561,704
Equity in losses of unconsolidated equity affiliates - net of dividends	442	2,042
Changes in working capital:
Receivables	14,856	(265,349)
Fuel inventory	9,830	(19,881)
Accounts payable	(189,586)	126,665
Taxes accrued	46,931	0
Interest accrued	(12,176)	(8,152)
Deferred fuel	196,111	(395,618)
Other working capital accounts	(117,671)	(88,417)
Provision for estimated losses and reserves	(10,326)	230,834
Changes in other regulatory assets	(332,547)	941,625
Changes in pensions and other postretirement liabilities	(52,714)	(221,679)
Other	94,226	(230,977)
Net cash flow provided by operating activities	2,009,331	2,692,814
INVESTING ACTIVITIES
Construction/capital expenditures	(1,342,840)	(1,455,657)
Allowance for equity funds used during construction	47,499	28,782
Nuclear fuel purchases	(291,721)	(327,606)
Proceeds from sale/leaseback of nuclear fuel	197,706	250,447
Proceeds from sale of assets and businesses	39,054	30,725
Payment for purchase of plant	0	(266,823)
Insurance proceeds received for property damages	32,914	130,120
Changes in transition charge account	(8,359)	(2,151)
NYPA value sharing payment	(72,000)	(72,000)
Increase (decrease) in other investments	24,305	(227,976)
Proceeds from nuclear decommissioning trust fund sales	1,733,370	1,228,760
Investment in nuclear decommissioning trust funds	(1,807,589)	(1,259,288)
Net cash flow used in investing activities	(1,447,661)	(1,942,667)
Proceeds from the issuance of:
Long-term debt	781,497	3,433,184
Common stock and treasury stock	17,215	35,841
Retirement of long-term debt	(1,084,732)	(2,004,118)
Changes in credit line borrowings - net	0	0
Repurchase of common stock	(613,125)	(468,079)
Redemption of preferred stock	1,847	0
Dividends paid:
Common stock	(435,178)	(431,032)
Preferred stock	(14,993)	(15,028)
Net cash flow provided by (used in) financing activities	(1,351,163)	550,768
Effect of exchange rates on cash and cash equivalents	(218)	1,245
Net increase (decrease) in cash and cash equivalents	(789,711)	1,302,160
Cash and cash equivalents at beginning of period	1,920,491	1,253,728
Cash and cash equivalents at end of period	1,130,780	2,555,888
Cash paid (received) during the period for:
Interest - net of amount capitalized	442,345	455,791
Income taxes	18,915	127,953
Noncash financing activities:
Long-term debt retired (equity unit notes)	(500,000)	0
Common stock issued in settlement of equity unit purchase contracts	$500,000	$0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands	Sep. 30, 2009	Dec. 31, 2008
Cash and cash equivalents:
Cash	$62,895	$115,876
Temporary cash investments	1,067,885	1,804,615
Total cash and cash equivalents	1,130,780	1,920,491
Securitization recovery trust account	20,421	12,062
Accounts receivable:
Customer	648,203	734,204
Allowance for doubtful accounts	(29,589)	(25,610)
Other	144,625	206,627
Accrued unbilled revenues	319,176	282,914
Total accounts receivable	1,082,415	1,198,135
Deferred fuel costs	58,971	167,092
Accumulated deferred income taxes	0	7,307
Fuel inventory - at average cost	206,315	216,145
Materials and supplies - at average cost	816,105	776,170
Deferred nuclear refueling outage costs	226,336	221,803
System agreement cost equalization	167,225	394,000
Prepayments and other	258,235	247,184
TOTAL	3,966,803	5,160,389
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity	68,634	66,247
Decommissioning trust funds	3,142,309	2,832,243
Non-utility property - at cost (less accumulated depreciation)	224,555	231,115
Other	115,926	107,939
TOTAL	3,551,424	3,237,544
PROPERTY, PLANT AND EQUIPMENT
Electric	35,894,147	34,495,406
Property under capital lease	744,432	745,504
Natural gas	310,990	303,769
Construction work in progress	1,504,699	1,712,761
Nuclear fuel under capital lease	496,912	465,374
Nuclear fuel	612,625	636,813
TOTAL PROPERTY, PLANT AND EQUIPMENT	39,563,805	38,359,627
Less - accumulated depreciation and amortization	16,597,538	15,930,513
PROPERTY, PLANT AND EQUIPMENT - NET	22,966,267	22,429,114
Regulatory assets:
Regulatory asset for income taxes - net	625,469	581,719
Other regulatory assets	3,492,131	3,615,104
Deferred fuel costs	172,202	168,122
Goodwill	377,172	377,172
Other	1,018,867	1,047,654
TOTAL	5,685,841	5,789,771
TOTAL ASSETS	36,170,335	36,616,818
CURRENT LIABILITIES
Currently maturing long-term debt	957,816	544,460
Notes payable	55,031	55,034
Accounts payable	818,349	1,475,745
Customer deposits	320,632	302,303
Taxes accrued	122,141	75,210
Accumulated deferred income taxes	15,597	0
Interest accrued	175,134	187,310
Deferred fuel costs	275,609	183,539
Obligations under capital leases	162,893	162,393
Pension and other postretirement liabilities	39,367	46,288
System agreement cost equalization	255,859	460,315
Other	175,766	273,297
TOTAL	3,374,194	3,765,894
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	7,150,319	6,565,770
Accumulated deferred investment tax credits	312,688	325,570
Obligations under capital leases	374,177	343,093
Other regulatory liabilities	387,351	280,643
Decommissioning and asset retirement cost liabilities	2,810,824	2,677,495
Accumulated provisions	138,316	147,452
Pension and other postretirement liabilities	2,132,200	2,177,993
Long-term debt	9,972,091	11,174,289
Other	725,605	880,998
TOTAL	24,003,571	24,573,303
Commitments and Contingencies
Subsidiaries' preferred stock without sinking fund	215,223	217,029
Common Shareholders' Equity:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 254,752,788 shares in 2009 and 248,174,087 shares in 2008	2,548	2,482
Paid-in capital	5,369,474	4,869,303
Retained earnings	7,871,051	7,382,719
Accumulated other comprehensive loss	(17,561)	(112,698)
Less - treasury stock, at cost (65,853,363 shares in 2009 and 58,815,518 shares in 2008)	4,742,165	4,175,214
Total common shareholders' equity	8,483,347	7,966,592
Subsidiaries' preferred stock without sinking fund	94,000	94,000
TOTAL	8,577,347	8,060,592
TOTAL LIABILITIES AND EQUITY	$36,170,335	$36,616,818

PARENTHETICAL DATA FOR CONSOLID

PARENTHETICAL DATA FOR CONSOLIDATED BALANCE SHEETS (USD $)
	Sep. 30, 2009	Dec. 31, 2008
EQUITY
Common stock, par value	0.01	0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	254,752,788	248,174,087
Treasury stock, shares	65,853,363	58,815,518

CONSOLIDATED STATEMENTS OF RETA

CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME, AND PAID IN CAPITAL (USD $)
In Thousands	3 Months Ended Sep. 30, 2009 Retained Earnings [Member]	3 Months Ended Sep. 30, 2008 Retained Earnings [Member]	9 Months Ended Sep. 30, 2009 Retained Earnings [Member]	9 Months Ended Sep. 30, 2008 Retained Earnings [Member]	Jun. 30, 2009 Retained Earnings [Member]	Dec. 31, 2008 Retained Earnings [Member]	Jun. 30, 2008 Retained Earnings [Member]	Dec. 31, 2007 Retained Earnings [Member]	Sep. 30, 2009 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2009 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 2008 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Sep. 30, 2008 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Jun. 30, 2008 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 2007 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Sep. 30, 2009 Accumulated Defined Benefit Plans Adjustment [Member]	Jun. 30, 2009 Accumulated Defined Benefit Plans Adjustment [Member]	Dec. 31, 2008 Accumulated Defined Benefit Plans Adjustment [Member]	Sep. 30, 2008 Accumulated Defined Benefit Plans Adjustment [Member]	Jun. 30, 2008 Accumulated Defined Benefit Plans Adjustment [Member]	Dec. 31, 2007 Accumulated Defined Benefit Plans Adjustment [Member]	Sep. 30, 2009 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Jun. 30, 2009 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Dec. 31, 2008 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Sep. 30, 2008 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Jun. 30, 2008 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Dec. 31, 2007 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Sep. 30, 2009 Accumulated Translation Adjustment [Member]	Jun. 30, 2009 Accumulated Translation Adjustment [Member]	Dec. 31, 2008 Accumulated Translation Adjustment [Member]	Sep. 30, 2008 Accumulated Translation Adjustment [Member]	Jun. 30, 2008 Accumulated Translation Adjustment [Member]	Dec. 31, 2007 Accumulated Translation Adjustment [Member]	3 Months Ended Sep. 30, 2009 Accumulated Other Comprehensive Income [Member]	3 Months Ended Sep. 30, 2008 Accumulated Other Comprehensive Income [Member]	9 Months Ended Sep. 30, 2009 Accumulated Other Comprehensive Income [Member]	9 Months Ended Sep. 30, 2008 Accumulated Other Comprehensive Income [Member]	Jun. 30, 2009 Accumulated Other Comprehensive Income [Member]	Dec. 31, 2008 Accumulated Other Comprehensive Income [Member]	Jun. 30, 2008 Accumulated Other Comprehensive Income [Member]	Dec. 31, 2007 Accumulated Other Comprehensive Income [Member]	Additional Paid-in Capital [Member] 7/1/2009 - 9/30/2009	Additional Paid-in Capital [Member] 7/1/2008 - 9/30/2008	Additional Paid-in Capital [Member] 1/1/2009 - 9/30/2009	Additional Paid-in Capital [Member] 1/1/2008 - 9/30/2008	Additional Paid-in Capital [Member] 6/30/2009	Additional Paid-in Capital [Member] 12/31/2008	Additional Paid-in Capital [Member] 6/30/2008	Additional Paid-in Capital [Member] 12/31/2007	3 Months Ended Sep. 30, 2009 Comprehensive Income [Member]	3 Months Ended Sep. 30, 2008 Comprehensive Income [Member]	9 Months Ended Sep. 30, 2009 Comprehensive Income [Member]	9 Months Ended Sep. 30, 2008 Comprehensive Income [Member]
Balance, Beginning of period	$7,562,587	$7,027,630	$7,382,719	$6,735,965																													($10,614)	($510,958)	($112,698)	$8,320					$5,375,265	$4,860,481	$4,869,303	$4,850,769
Net income attributable to Entergy Corporation	455,169	470,289	917,317	1,049,992																																													455,169	470,289	917,317	1,049,992
Dividends declared on common stock	146,705	143,772	435,350	431,810
Adjustment related to implementation of new accounting pronouncement (net of tax benefit of ($4,921))			6,365	0																															(6,365)	0															0	0
Net derivative instrument fair value changes arising during the period																																	(59,439)	439,852	4,547	(24,194)													(59,439)	439,852	4,547	(24,194)
Pension and other postretirement liabilities																																	1,456	(547)	558	(2,436)													1,456	(547)	558	(2,436)
Net unrealized investment gains (losses)																																	51,321	(38,009)	96,179	(91,782)													51,321	(38,009)	96,179	(91,782)
Foreign currency translation																																	(285)	(1,676)	218	(1,246)													(285)	(1,676)	218	(1,246)
Total			923,682	1,049,992
Add: preferred dividend requirements of subsidiaries																																																	4,998	4,998	14,993	14,971
Comprehensive Income																																																	453,220	874,907	1,033,812	945,305
Common stock issuances in settlement of equity unit purchase contracts																																											499,934	0
Common stock issuances related to stock plans																																									(5,791)	4,487	237	14,199
Total																																									(5,791)	4,487	500,171	14,199
Balance, End of period	$7,871,051	$7,354,147	$7,871,051	$7,354,147	$7,562,587	$7,382,719	$7,027,630	$6,735,965	$125,377	$184,816	$120,830	($36,734)	($476,586)	($12,540)	($231,674)	($233,130)	($232,232)	($109,581)	($109,034)	($107,145)	$85,412	$34,091	($4,402)	$29,829	$67,838	$121,611	$3,324	$3,609	$3,106	$5,148	$6,824	$6,394	($17,561)	($111,338)	($17,561)	($111,338)	($10,614)	($112,698)	($510,958)	$8,320	$5,369,474	$4,864,968	$5,369,474	$4,864,968	$5,375,265	$4,869,303	$4,860,481	$4,850,769

1_PARENTHETICAL DATA FOR CONSOL

PARENTHETICAL DATA FOR CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME, AND PAID-IN CAPITAL (USD $)
In Thousands	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Other Comprehensive Income, Derivatives Qualifying as Hedges, Tax Effect	($36,090)	$245,497	$6,529	($14,377)
Other Comprehensive Income, Defined Benefit Plans, Tax	(255)	(1,317)	(883)	3,008
Other Comprehensive Income, Available-for-sale Securities, Tax	56,880	(33,716)	95,830	(68,247)
Other Comprehensive Income, Foreign Currency Translation Adjustment, Tax	0	0	(4,921)	0
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle	($153)	($902)	$117	($671)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES
	9 Months Ended Sep. 30, 2009 USD / shares
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 1.COMMITMENTS AND CONTINGENCIES Entergy and the Registrant Subsidiaries are involved in a number of legal, regulatory, and tax proceedings before various courts, regulatory commissions, and governmental agencies in the ordinary course of business.While management is unable to predict the outcome of such proceedings, management does not believe that the ultimate resolution of these matters will have a material adverse effect on Entergy's results of operations, cash flows, or financial condition.Entergy discusses regulatory proceedings in Note 2 to the financial statements in the Form 10-K and herein and discusses tax proceedings in Note 3 to the financial statements in the Form 10-K. Nuclear Insurance See Note 8 to the financial statements in the Form 10-K for information on nuclear liability and property insurance associated with Entergy's nuclear power plants. Conventional Property Insurance See Note 8 to the financial statements in the Form 10-K for information on Entergy's non-nuclear property insurance program. Employment Litigation The Registrant Subsidiaries and other Entergy subsidiaries are responding to various lawsuits in both state and federal courts and to other labor-related proceedings filed by current and former employees and third parties not selected for open positions.These actions include, but are not limited to, allegations of wrongful employment actions; wage disputes and other claims under the Fair Labor Standards Act or its state counterparts; claims of race, gender and disability discrimination; disputes arising under collective bargaining agreements; unfair labor practice proceedings and other administrative proceedings before the National Labor Relations Board; claims of retaliation; and claims for or regarding benefits under various Entergy Corporation sponsored plans.Entergy and the Registrant Subsidiaries are responding to these lawsuits and proceedings and deny liability to the claimants. Asbestos Litigation(Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas) See Note 8 to the financial statements in the Form 10-K for information regarding asbestos litigation at Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas. Subsequent Events Entergy evaluated events of which its management was aware subsequent to September 30, 2009, through the date that this quarterly report was issued, November 6, 2009.

RATE AND REGULATORY MATTERS

RATE AND REGULATORY MATTERS
	9 Months Ended Sep. 30, 2009 USD / shares
RATE AND REGULATORY MATTERS
RATE AND REGULATORY MATTERS	NOTE 2.RATE AND REGULATORY MATTERS Regulatory Assets See Note 2 to the financial statements in the Form 10-K for information regarding regulatory assets in the Utility business presented on the balance sheets of Entergy and the Registrant Subsidiaries.Following are updates to that discussion. Fuel and purchased power cost recovery See Note 2 to the financial statements in the Form 10-K for information regarding fuel proceedings involving the Utility operating companies.Following are updates to that information. Entergy Arkansas Energy Cost Recovery Rider In March 2009, Entergy Arkansas filed with the APSC its annual energy cost rate for the period April 2009 through March 2010.The filed energy cost rate decreased from $0.02456/kWh to $0.01552/kWh.The decrease was caused by the following: 1) all three of the nuclear power plants from which Entergy Arkansas obtains power, ANO 1 and 2 and Grand Gulf, had refueling outages in 2008, and the previous energy cost rate had been adjusted to account for the replacement power costs that would be incurred while these units were down; 2) Entergy Arkansas has a deferred fuel cost liability from over-recovered fuel costs at December 31, 2008, as compared to a deferred fuel cost asset from under-recovered fuel costs at December 31, 2007; offset by 3) an increase in the fuel and purchased power prices included in the calculation. In August 2009, as provided for by its energy cost recovery rider, Entergy Arkansas filed with the APSC an interim revision to its energy cost rate.The revised energy cost rate is a decrease from $0.01552/kWh to $0.01206/kWh.The decrease was caused by a decrease in natural gas and purchased power prices from the levels used in setting the rate in March 2009.The interim revised energy cost rate went into effect for the first billing cycle of September 2009.In its order approving the new rate, the APSC ordered Entergy Arkansas to show cause why the rate should not be further reduced.In its September 14, 2009 response, Entergy Arkansas explained that it used the same methodology it had used in previous interim revisions, which is based on estimating what the rate would be in the next annual update based on the information known at the time.There has been no further activity in this proceeding. Entergy Mississippi In August 2009 the MPSC retained an independent audit firm to audit Entergy Mississippi's fuel adjustment clause submittals for the period October 2007 through September 2009.The audit report is due to the MPSC by December 15, 2009. Entergy Texas In January 2008, Entergy Texas made a compliance filing with the PUCT describing how its 2007 Rough Production Cost Equalization receipts under the System Agreement were allocated between Entergy Gulf States, Inc.'s Texas and Louisiana jurisdictions.A hearing was held at the end of July 2008, and in October 2008 the ALJ issued a proposal for decision recommending an additional $18.6 million allocation to Texas retail customers.The PUCT adopted the ALJ's proposal for decision in December 2008.Because the PUCT allocation to Texas retail customers is inconsistent with the LPSC allocation to Louisiana

EQUITY

EQUITY
	9 Months Ended Sep. 30, 2009 USD / shares
EQUITY
EQUITY	NOTE 3.EQUITY Common Stock Common Stock Issuances In February 2009, Entergy Corporation was unable to remarket successfully $500 million of notes payable associated with its equity units.The note holders therefore put the notes to Entergy, Entergy retired the notes, and Entergy issued 6,598,000 shares of common stock to the note holders. Entergy Corporation and Subsidiaries Notes to Financial Statements Earnings per Share The following tables present Entergy's basic and diluted earnings per share calculations included on the consolidated income statement: For the Three Months Ended September 30, 2009 2008 (In Millions, Except Per Share Data) Basic earnings per share Income Shares $/share Income Shares $/share Net income attributable to Entergy Corporation $ 455.2 193.4 $ 2.35 $ 470.3 190.4 $ 2.47 Average dilutive effect of: Stock options - 2.5 (0.03 ) - 3.8 (0.05 ) Equity units - - - - 0.8 (0.01 ) Diluted earnings per share $ 455.2 195.9 $ 2.32 $ 470.3 195.0 $ 2.41 For the Nine Months Ended September 30, 2009 2008 (In Millions, Except Per Share Data) Basic earnings per share Income Shares $/share Income Shares $/share Net income attributable to Entergy Corporation $ 917.3 194.0 $ 4.73 $ 1,050 191.4 $ 5.48 Average dilutive effect of: Stock options - 2.2 (0.06 ) - 4.5 (0.12 ) Equity units $ 3.2 1.2 (0.01 ) - 1.2 (0.03 ) Diluted earnings per share $ 920.5 197.4 $ 4.66 $ 1,050 197.1 $ 5.33 Entergy's stock option and other equity compensation plans are discussed in Note 12 to the financial statements in the Form 10-K. Treasury Stock During the nine months ended September 30, 2009, Entergy Corporation issued 642,155 shares of its previously repurchased common stock to satisfy stock option exercises and other stock-based awards.Also during the nine months ended September 30, 2009, Entergy Corporation purchased 7,680,000 shares of common stock for a total purchase price of $613.1 million. Retained Earnings On October 30, 2009, Entergy Corporation's Board of Directors declared a common stock dividend of $0.75 per share, payable on December 1, 2009 to holders of record as of November 12, 2009. Presentation of Non-Controlling Interests In 2007, the FASB issued a new accounting pronouncement regarding non-controlling interests that requires generally that ownership interests in subsidiaries held by parties other than the reporting company (non-controlling interests) be clearly identified, labeled, and presented in the consolidated balance sheet within equity, but separate from the contr

LINES OF CREDIT, RELATED SHORT-

LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT
	9 Months Ended Sep. 30, 2009 USD / shares
LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT
LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT	NOTE 4.LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT Entergy Corporation has in place a credit facility that expires in August 2012 and has a borrowing capacity of $3.5 billion.Entergy Corporation also has the ability to issue letters of credit against the total borrowing capacity of the credit facility.The facility fee is currently 0.09% of the commitment amount.Facility fees and interest rates on loans under the credit facility can fluctuate depending on the senior unsecured debt ratings of Entergy Corporation.The weighted average interest rate for the nine months ended September 30, 2009 was 1.542% on the drawn portion of the facility.Following is a summary of the borrowings outstanding and capacity available under the facility as of September 30, 2009. Capacity Borrowings Letters of Credit Capacity Available (In Millions) $3,500 $2,384 $28 $1,088 Entergy Corporation's facility requires it to maintain a consolidated debt ratio of 65% or less of its total capitalization.Entergy is in compliance with this covenant.If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Utility operating companies (except Entergy New Orleans) defaults on other indebtedness or is in bankruptcy or insolvency proceedings, an acceleration of the facility maturity date may occur. Entergy Corporation and Subsidiaries Notes to Financial Statements Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy Texas each had credit facilities available as of September 30, 2009 as follows: Company Expiration Date Amount of Facility Interest Rate (a) Amount Drawn as of September 30, 2009 Entergy Arkansas April 2010 $88 million (b) 5.0% - Entergy Gulf States Louisiana August 2012 $100 million (c) 0.72125% - Entergy Louisiana August 2012 $200 million (d) 0.65625% - Entergy Mississippi May 2010 $35 million (e) 1.99625% - Entergy Mississippi May 2010 $25 million (e) 1.99625% - Entergy Mississippi May 2010 $10 million (e) 1.99625% - Entergy Texas August 2012 $100 million (f) 0.72125% - (a) The interest rate is the rate as of September 30, 2009 that would be applied to the outstanding borrowings under the facility. (b) The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization and contains an interest rate floor of 5%.Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. (c) The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against the borrowing capacity of the facility.As of September 30, 2009, no letters of credit were outstanding.The credit facility requires Entergy Gulf States Louisiana to maintain a consolidated debt ratio of 65% or less of its total capitalization.Pursuant to the terms of the credit agreement, the amount

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION
	9 Months Ended Sep. 30, 2009 USD / shares
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 5.STOCK-BASED COMPENSATION Entergy grants stock options, which are described more fully in Note 12 to the financial statements in the Form 10-K.Awards under Entergy's plans generally vest over three years. The following table includes financial information for stock options for the third quarter and nine months ended September 30 for each of the years presented: 2009 2008 (In Millions) Compensation expense included in Entergy's Net Income for the third quarter $4.2 $4.7 Tax benefit recognized in Entergy's Net Incomefor the third quarter $1.6 $1.8 Compensation expense included in Entergy's Net Income for the nine months ended September 30, $12.7 $13.8 Tax benefit recognized in Entergy's Net Income for the nine months ended September 30, $4.9 $5.3 Compensation cost capitalized as part of fixed assets and inventory as of September 30, $2.4 $2.6 Entergy granted 1,084,800 stock options during the first quarter 2009 with a weighted-average fair value of $12.47.At September 30, 2009, there were 11,547,571 stock options outstanding with a weighted-average exercise price of $69.17.The aggregate intrinsic value of the stock options outstanding at September 30, 2009 was $123.5 million.

RETIREMENT AND OTHER POSTRETIRE

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS
	9 Months Ended Sep. 30, 2009 USD / shares
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS
RETIREMENT AND OTHER POSTRETIREMENT BENEFITS	NOTE 6.RETIREMENT AND OTHER POSTRETIREMENT BENEFITS Components of Net Pension Cost Entergy's qualified pension cost, including amounts capitalized, for the third quarters of 2009 and 2008, included the following components: 2009 2008 (In Thousands) Service cost - benefits earned during the period $22,412 $22,598 Interest cost on projected benefit obligation 54,543 51,647 Expected return on assets (62,305) (57,639) Amortization of prior service cost 1,249 1,266 Amortization of loss 5,600 6,708 Net pension costs $21,499 $24,580 Entergy Corporation and Subsidiaries Notes to Financial Statements Entergy's qualified pension cost, including amounts capitalized, for the nine months ended September 30, 2009 and 2008, included the following components: 2009 2008 (In Thousands) Service cost - benefits earned during the period $67,236 $67,794 Interest cost on projected benefit obligation 163,629 154,941 Expected return on assets (186,915) (172,917) Amortization of prior service cost 3,747 3,798 Amortization of loss 16,800 20,124 Net pension costs $64,497 $73,740 The Registrant Subsidiaries' qualified pension cost, including amounts capitalized, for the third quarters of 2009 and 2008, included the following components: Entergy Entergy Gulf States Entergy Entergy Entergy Entergy System 2009 Arkansas Louisiana Louisiana Mississippi New Orleans Texas Energy (In Thousands) Service cost - benefits earned during the period $3,400 $1,748 $1,974 $995 $425 $917 $880 Interest cost on projected benefit obligation 11,761 5,279 6,940 3,676 1,470 3,935 2,139 Expected return on assets (12,187) (7,516) (8,197) (4,236) (1,815) (5,185) (2,766) Amortization of prior service cost 212 110 119 85 52 80 9 Amortization of loss 1,764 79 703 324 305 43 109 Net pension cost/(income) $4,950 ($300) $1,539 $844 $437 ($210) $371 Entergy Entergy Gulf States Entergy Entergy Entergy Entergy System 2008 Arkansas Louisiana Louisiana Mississippi New Orleans Texas Energy (In Thousands) Service cost - benefits earned during the period $3,584 $1,841 $2,058 $1,063 $445 $968 $930 Interest cost on projected benefit obligation 11,616 5,047 6,784 3,627 1,415 3,882 1,937 Expected return on assets (11,765) (7,165) (8,134)

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION
	9 Months Ended Sep. 30, 2009 USD / shares
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION	NOTE 7.BUSINESS SEGMENT INFORMATION Entergy Corporation Entergy's reportable segments as of September 30, 2009 are Utility and Non-Utility Nuclear.Utility generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, and provides natural gas utility service in portions of Louisiana.Non-Utility Nuclear owns and operates six nuclear power plants and is primarily focused on selling electric power produced by those plants to wholesale customers."All Other" includes the parent company, Entergy Corporation, and other business activity, including the non-nuclear wholesale assets business, and earnings on the proceeds of sales of previously-owned businesses. Entergy's segment financial information for the third quarters of 2009 and 2008 is as follows: Utility Non-Utility Nuclear* All Other* Eliminations Consolidated (In Thousands) 2009 Operating revenues $2,220,285 $684,214 $39,568 ($6,972) $2,937,095 Equity in earnings of unconsolidated equity affiliates $- $- $1,316 $- $1,316 Income taxes (benefit) $180,054 $114,045 ($13,685) $- $280,414 Consolidated net income (loss) $299,090 $200,432 ($20,996) ($18,359) $460,167 2008 Operating revenues $3,251,796 $654,432 $64,125 ($6,469) $3,963,884 Equity in earnings of unconsolidated equity affiliates $- $- $1,459 $- $1,459 Income taxes (benefit) $155,392 $93,552 ($80,705) $- $168,239 Consolidated net income $262,144 $205,324 $29,238 ($21,419) $475,287 Entergy's segment financial information for the nine months ended September 30, 2009 and 2008 is as follows: Utility Non-Utility Nuclear* All Other* Eliminations Consolidated (In Thousands) 2009 Operating revenues $6,270,322 $1,885,330 $111,899 ($20,555) $8,246,996 Equity in loss of unconsolidated equity affiliates $- $- ($442) $- ($442) Income taxes (benefit) $358,218 $252,081 ($76,198) $- $534,101 Consolidated net income (loss) $566,634 $461,524 ($40,770) ($55,078) $932,310 Total assets $29,033,139 $8,584,590 $988,402 ($2,435,796) $36,170,335 2008 Operating revenues $7,967,429 $1,944,647 $201,014 ($20,202) $10,092,888 Equity in loss of unconsolidated equity affiliates $- $- ($2,042) $- ($2,042) Income taxes (benefit) $352,057 $302,427 ($110,228) $- $544,256 Consolidated net income (loss) $547,647 $570,637 ($31,902) ($21,419) $1,064,963 Total assets $28,200,131 $7,672,826 $1,881,122 ($1,296,115) $36,457,964 Entergy Corporation and Subsidiarie

RISK MANAGEMENT AND FAIR VALUES

RISK MANAGEMENT AND FAIR VALUES
	9 Months Ended Sep. 30, 2009 USD / shares
RISK MANAGEMENT AND FAIR VALUES
RISK MANAGEMENT AND FAIR VALUES	NOTE 8.RISK MANAGEMENT AND FAIR VALUES Market and Commodity Risks In the normal course of business, Entergy is exposed to a number of market and commodity risks.Market risk is the potential loss that Entergy may incur as a result of changes in the market or fair value of a particular instrument or commodity.All financial and commodity-related instruments, including derivatives, are subject to market risk.Entergy is subject to a number of commodity and market risks, including: Type of Risk Affected Businesses Power price risk Utility, Non-Utility Nuclear, Non-nuclear wholesale assets Fuel price risk Utility, Non-Utility Nuclear, Non-nuclear wholesale assets Foreign currency exchange rate risk Utility, Non-Utility Nuclear, Non-nuclear wholesale assets Equity price and interest rate risk - investments Utility, Non-Utility Nuclear Entergy manages a portion of these risks using derivative instruments, some of which are classified as cash flow hedges due to their financial settlement provisions while others are classified as normal purchase/normal sales transactions due to their physical settlement provisions.Normal purchase/normal sale risk management tools include power purchase and sales agreements and fuel purchase agreements, capacity contracts, and tolling agreements.Financially-settled cash flow hedges can include natural gas and electricity futures, forwards, swaps, and options; foreign currency forwards; and interest rate swaps.Entergy enters into derivatives only to manage natural risks inherent in its physical or financial assets or liabilities. Entergy manages fuel price risk for its Louisiana jurisdictions (Entergy Gulf States Louisiana, Entergy Louisiana, and Entergy New Orleans) and Entergy Mississippi primarily through the purchase of short-term natural gas swaps.These swaps are marked-to-market with offsetting regulatory assets or liabilities.The notional volumes of these swaps are based on a portion of projected annual exposure to gas for electric generation and projected winter purchases for gas distribution at Entergy Gulf States Louisiana and Entergy New Orleans. Entergy's exposure to market risk is determined by a number of factors, including the size, term, composition, and diversification of positions held, as well as market volatility and liquidity.For instruments such as options, the time period during which the option may be exercised and the relationship between the current market price of the underlying instrument and the option's contractual strike or exercise price also affects the level of market risk.A significant factor influencing the overall level of market risk to which Entergy is exposed is its use of hedging techniques to mitigate such risk.Entergy manages market risk by actively monitoring compliance with stated risk management policies as well as monitoring the effectiveness of its hedging policies and strategies.Entergy's risk management policies limit the amount of total net exposure and rolling net exposure during the stated periods.These policies, including related risk limits, are regularly assessed to ensure their appropriateness g

DECOMMISSIONING TRUST FUNDS

DECOMMISSIONING TRUST FUNDS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)
	9 Months Ended Sep. 30, 2009 USD / shares
DECOMMISSIONING TRUST FUNDS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)
DECOMMISSIONING TRUST FUNDS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy)	NOTE 9.DECOMMISSIONING TRUST FUNDS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy) Entergy holds debt and equity securities, classified as available-for-sale, in nuclear decommissioning trust accounts.The NRC requires Entergy to maintain trusts to fund the costs of decommissioning ANO 1, ANO 2, River Bend, Waterford 3, Grand Gulf, Pilgrim, Indian Point 1 and 2, Vermont Yankee, and Palisades (NYPA currently retains the decommissioning trusts and liabilities for Indian Point 3 and FitzPatrick).The funds are invested primarily in equity securities; fixed-rate, fixed-income securities; and cash and cash equivalents. Entergy records the decommissioning trust funds on the balance sheet at their fair value.Because of the ability of the Registrant Subsidiaries to recover decommissioning costs in rates in accordance with the regulatory treatment for decommissioning trust funds, the Registrant Subsidiaries have recorded an offsetting amount of unrealized gains/(losses) on investment securities in other regulatory liabilities/assets.For the nonregulated portion of River Bend, Entergy Gulf States Louisiana has recorded an offsetting amount of unrealized Entergy Corporation and Subsidiaries Notes to Financial Statements gains/(losses) in other deferred credits/debits.Decommissioning costs for Pilgrim, Indian Point 1 and 2, Vermont Yankee, and Palisades do not receive regulatory treatment.Accordingly, unrealized gains recorded on the assets in these trust funds are recognized in the accumulated other comprehensive income component of common shareholders' equity because these assets are classified as available for sale.Unrealized losses (where cost exceeds fair market value) on the assets in these trust funds are also recorded in the accumulated other comprehensive income component of common shareholders' equity unless the unrealized loss is other-than-temporary.If the unrealized loss is other-than-temporary it is recorded in earnings.Generally, Entergy records realized gains and losses on its debt and equity securities using the specific identification method to determine the cost basis of its securities. The securities held at September 30, 2009 and December 31, 2008 are summarized as follows: Fair Value Total Unrealized Gains Total Unrealized Losses (In Millions) 2009 Equity Securities $1,684 $229 $43 Debt Securities 1,458 84 3 Total $3,142 $313 $46 2008 Equity Securities $1,436 $85 $177 Debt Securities 1,396 77 21 Total $2,832 $162 $198 The amortized cost of debt securities was $1,377 million and $1,340 million at September 30, 2009 and December 31, 2008, respectively.At September 30, 2009, the debt securities have an average coupon rate of approximately 4.67%, an average duration of approximately 5.07 years, and an average maturity of approximately 8.2 years.The equity securities are generally held in funds that are designed to approximate or somewhat exceed the return of the

INCOME TAXES

INCOME TAXES
	9 Months Ended Sep. 30, 2009 USD / shares
INCOME TAXES
INCOME TAXES	NOTE 10.INCOME TAXES Income Tax Audits and Litigation See Note 3 to the financial statements in the Form 10-K for a discussion of tax proceedings.Following is an update to that discussion. 2002-2003 IRS Audit In September 2009, Entergy received a partial agreement from the IRS for the years 2002 and 2003.It is a partial agreement because Entergy did not agree to the IRS's adjustments for the U.K. Windfall Tax foreign tax credit and the street lighting issues.Entergy expects to receive a Notice of Deficiency from the IRS on these two issues in the fourth quarter 2009.These issues will be governed by the outcome of a previous U.S. Tax Court trial for the tax years 1997 and 1998 for which Entergy is awaiting a decision. When Entergy Louisiana, Inc. restructured effective December 31, 2005, Entergy Louisiana agreed, under the terms of the merger plan, to indemnify its parent, Entergy Louisiana Holdings, Inc. (formerly, Entergy Louisiana, Inc.) for certain tax obligations that are arising from the above referenced IRS partial agreement.Because the agreement with the IRS was finalized in the third quarter 2009, Entergy Louisiana intends to pay Entergy Louisiana Holdings pursuant to these intercompany obligations in the fourth quarter 2009. 2006-2007 IRS Audit The IRS commenced an examination of Entergy's 2006 and 2007 U.S. federal income tax returns in the third quarter 2009.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS
	9 Months Ended Sep. 30, 2009 USD / shares
NEW ACCOUNTING PRONOUNCEMENTS
NEW ACCOUNTING PRONOUNCEMENTS	NOTE 11.NEW ACCOUNTING PRONOUNCEMENTS In December 2008 the FASB issued FSP FAS 132(R)-1 "Employers' Disclosures about Postretirement Benefit Plan Assets" (FSP 132(R)-1) that requires enhanced disclosures about plan assets of defined benefit pension and other postretirement plans including disclosure of each major category of plan assets using the fair value hierarchy and concentrations of risk within plan assets.FSP 132(R)-1 is effective for fiscal years ending after December 15, 2009. In June 2009 the FASB issued SFAS 167, "Amendments to FASB Interpretation No. 46R".SFAS 167 replaces the current quantitative-based risks and rewards calculation for determining which enterprise, if any, has a controlling financial interest in a variable interest entity with an approach focused on identifying which enterprise has the power to direct the activities of a variable interest entity that most significantly affect the entity's economic performance and (1) the obligation to absorb losses of the entity or (2) the right to receive benefits from the entity.SFAS 167 also requires additional disclosures on an interim and annual basis about an enterprise's involvement in variable interest entities. The standard will be effective for Entergy in the first quarter 2010. Entergy does not expect the adoption of SFAS 167 to have a material effect on its financial position, results of operations, or cash flows. Entergy Corporation and Subsidiaries Notes to Financial Statements In August 2009 the FASB issued ASU No. 2009-05, "Fair Value Measurements and Disclosures (Topic 820) - Measuring Liabilities at Fair Value" that amends ASC Topic 820 to clarify guidance on fair value measurements of liabilities when a quoted price in an active market for an identical liability is not available.ASU No. 2009-05 will be effective for Entergy in the fourth quarter 2009.Entergy does not expect the adoption of ASU No. 2009-05 to have a material effect on its financial position, results of operations, or cash flows. In the third quarter 2009, Entergy adopted the FASB Accounting Standards Codification (ASC) as required by SFAS 168, "The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles."The ASC is the source of authoritative U.S. GAAP recognized by the FASB.Entergy will also continue to apply the rules and interpretive releases of the SEC as an authoritative source of GAAP.The adoption of the ASC did not have any effect on the financial statements included herein.

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
[DocumentInformationLineItems]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 30, 2009	Jun. 30, 2008
[EntityInformationLineItems]
Entity Registrant Name	ENTERGY CORP /DE/
Entity Central Index Key	0000065984
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$23,000,000,000
Entity Common Stock Shares Outstanding		188,932,291