Entergy (ETR) 10-Q 7 May 10 2010 Q1 Quarterly report Financial data

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
OPERATING REVENUES
Electric	$2,006,931	$2,026,916
Natural gas	96,027	74,049
Competitive businesses	656,389	688,147
TOTAL	2,759,347	2,789,112
OPERATING EXPENSES
Fuel, fuel-related expenses, and gas purchased for resale	558,668	846,332
Purchased power	474,903	323,255
Nuclear refueling outage expenses	62,289	56,779
Other operation and maintenance	702,489	644,702
Decommissioning	51,576	48,742
Taxes other than income taxes	135,412	134,397
Depreciation and amortization	269,204	257,852
Other regulatory charges (credits) - net	28,092	(29,474)
TOTAL	2,282,633	2,282,585
OPERATING INCOME	476,714	506,527
OTHER INCOME
Allowance for equity funds used during construction	13,296	16,947
Interest and dividend income	48,209	46,387
Other than temporary impairment losses	0	(15,737)
Miscellaneous - net	(522)	(13,299)
TOTAL	60,983	34,298
INTEREST AND OTHER CHARGES
Interest on long-term debt	166,932	127,965
Other interest - net	12,267	19,293
Allowance for borrowed funds used during construction	(8,001)	(9,812)
TOTAL	171,198	137,446
INCOME BEFORE INCOME TAXES	366,499	403,379
Income taxes	147,685	163,046
CONSOLIDATED NET INCOME	218,814	240,333
Preferred dividend requirements of subsidiaries	5,015	4,998
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$213,799	$235,335
Earnings per average common share
Basic	1.13	1.22
Diluted	1.12	1.2
Dividends declared per common share	0.75	0.75
Basic average number of common shares outstanding	189,202,684	192,593,601
Diluted average number of common shares outstanding	191,283,703	198,058,002

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands	3 Months Ended Mar. 31, 2010	3 Months Ended Mar. 31, 2009
OPERATING ACTIVITIES
Consolidated net income	$218,814	$240,333
Consolidated net income Adjustments to reconcile consolidated net income to net cash flow
Reserve for regulatory adjustments	438	1,210
Other regulatory charges (credits) - net	28,092	(29,474)
Depreciation, amortization, and decommissioning	423,432	348,444
Deferred income taxes, investment tax credits, and non-current taxes accrued	133,533	155,029
Changes in working capital:
Receivables	43,830	102,428
Fuel inventory	(6,324)	(17,631)
Accounts payable	(79,250)	(134,008)
Taxes accrued	0	(12,784)
Interest accrued	(36,676)	(37,413)
Deferred fuel	964	275,508
Other working capital accounts	19,527	(120,505)
Provision for estimated losses and reserves	(35,870)	1,281
Changes in other regulatory assets	(66,248)	(447,882)
Changes in pensions and other postretirement liabilities	(40,884)	(29,158)
Other	70,887	79,241
Net cash flow provided by operating activities	674,265	374,619
INVESTING ACTIVITIES
Construction/capital expenditures	(447,476)	(455,737)
Allowance for equity funds used during construction	13,296	16,947
Nuclear fuel purchases	(65,336)	(118,890)
Proceeds from sale/leaseback of nuclear fuel	0	11,040
Proceeds from sale of assets and businesses	9,675	0
Changes in transition charge account	(21,940)	(7,831)
NYPA value sharing payment	(72,000)	(72,000)
Increase (decrease) in other investments	96,416	7,339
Proceeds from nuclear decommissioning trust fund sales	770,781	583,166
Investment in nuclear decommissioning trust funds	(798,864)	(610,836)
Net cash flow used in investing activities	(515,448)	(646,802)
Proceeds from the issuance of:
Long-term debt	42,545	489,987
Common stock and treasury stock	6,078	927
Retirement of long-term debt	(100,289)	(215,023)
Changes in short term borrowings - net	(13,368)	25,000
Dividends paid:
Common stock	(141,892)	(142,085)
Preferred stock	(5,015)	(4,998)
Net cash flow provided by (used in) financing activities	(211,941)	153,808
Effect of exchange rates on cash and cash equivalents	607	842
Net increase (decrease) in cash and cash equivalents	(52,517)	(117,533)
Cash and cash equivalents at beginning of period	1,709,551	1,920,491
Cash and cash equivalents at end of period	1,657,034	1,802,958
Cash paid (received) during the period for:
Interest - net of amount capitalized	171,145	176,892
Income taxes	(1,385)	(15,139)
Noncash financing activities:
Long-term debt retired (equity unit notes)	0	(500,000)
Common stock issued in settlement of equity unit purchase contracts	0	500,000
Proceeds from long-term debt issued for the purpose of refunding prior long-term debt	$150,000	$0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands	3 Months Ended Mar. 31, 2010	Dec. 31, 2009
Cash and cash equivalents:
Cash	$75,446	$85,861
Temporary cash investments	1,581,588	1,623,690
Total cash and cash equivalents	1,657,034	1,709,551
Securitization recovery trust account	35,037	13,098
Accounts receivable:
Customer	570,657	553,692
Allowance for doubtful accounts	(28,432)	(27,631)
Other	144,116	152,303
Accrued unbilled revenues	250,657	302,463
Total accounts receivable	936,998	980,827
Deferred fuel costs	24,678	126,798
Accumulated deferred income taxes	24,155	0
Fuel inventory - at average cost	203,179	196,855
Materials and supplies - at average cost	833,715	825,702
Deferred nuclear refueling outage costs	214,155	225,290
System agreement cost equalization	70,000	70,000
Prepayments and other	733,669	386,040
TOTAL	4,732,620	4,534,161
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity	39,651	39,580
Decommissioning trust funds	3,330,681	3,211,183
Non-utility property - at cost (less accumulated depreciation)	247,296	247,664
Other	111,340	120,273
TOTAL	3,728,968	3,618,700
PROPERTY, PLANT AND EQUIPMENT
Electric	36,508,160	36,343,772
Property under capital lease	782,722	783,096
Natural gas	316,136	314,256
Construction work in progress	1,667,720	1,547,319
Nuclear fuel under capital lease	0	527,521
Nuclear fuel	1,240,445	739,827
TOTAL PROPERTY, PLANT AND EQUIPMENT	40,515,183	40,255,791
Less - accumulated depreciation and amortization	16,976,188	16,866,389
PROPERTY, PLANT AND EQUIPMENT - NET	23,538,995	23,389,402
Regulatory assets:
Regulatory asset for income taxes - net	625,391	619,500
Other regulatory assets	3,738,435	3,647,154
Deferred fuel costs	172,202	172,202
Goodwill	377,172	377,172
Accumulated deferred income taxes	74,028	0
Other	1,121,591	1,006,306
TOTAL	6,108,819	5,822,334
TOTAL ASSETS	38,109,402	37,364,597
CURRENT LIABILITIES
Currently maturing long-term debt	800,414	711,957
Notes payable	175,498	30,031
Accounts payable	877,093	998,228
Customer deposits	325,859	323,342
Accumulated deferred income taxes	7,100	48,584
Interest accrued	161,343	192,283
Deferred fuel costs	118,483	219,639
Obligations under capital leases	2,395	212,496
Pension and other postretirement liabilities	55,710	55,031
System agreement cost equalization	187,314	187,204
Other	348,572	215,202
TOTAL	3,059,781	3,193,997
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	7,906,361	7,422,319
Accumulated deferred investment tax credits	304,132	308,395
Obligations under capital leases	36,620	354,233
Other regulatory liabilities	534,523	421,985
Decommissioning and asset retirement cost liabilities	2,990,604	2,939,539
Accumulated provisions	92,907	141,315
Pension and other postretirement liabilities	2,199,476	2,241,039
Long-term debt	11,136,734	10,705,738
Other	677,464	711,334
TOTAL	25,878,821	25,245,897
Commitments and Contingencies
Subsidiaries' preferred stock without sinking fund	216,721	217,343
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	2,548
Paid-in capital	5,373,424	5,370,042
Retained earnings	8,115,010	8,043,122
Accumulated other comprehensive income (loss)	85,392	(75,185)
Less - treasury stock, at cost (65,853,363 shares in 2009 and 58,815,518 shares in 2008)	4,716,295	4,727,167
Total common shareholders' equity	8,860,079	8,613,360
Subsidiaries' preferred stock without sinking fund	94,000	94,000
TOTAL	8,954,079	8,707,360
TOTAL LIABILITIES AND EQUITY	$38,109,402	$37,364,597

PARENTHETICAL DATA FOR CONSOLID

PARENTHETICAL DATA FOR CONSOLIDATED BALANCE SHEETS (USD $)
	Mar. 31, 2010	Dec. 31, 2009
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	254,752,788
Treasury stock, shares	65,483,672	65,634,580

CONSOLIDATED STATEMENTS OF RETA

CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME, AND PAID IN CAPITAL (USD $)
In Thousands	3 Months Ended Mar. 31, 2010 Retained Earnings [Member]	3 Months Ended Mar. 31, 2009 Retained Earnings [Member]	Dec. 31, 2009 Retained Earnings [Member]	Dec. 31, 2008 Retained Earnings [Member]	3 Months Ended Mar. 31, 2010 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	3 Months Ended Mar. 31, 2009 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]	Dec. 31, 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]	3 Months Ended Mar. 31, 2010 Accumulated Defined Benefit Plans Adjustment [Member]	3 Months Ended Mar. 31, 2009 Accumulated Defined Benefit Plans Adjustment [Member]	Dec. 31, 2009 Accumulated Defined Benefit Plans Adjustment [Member]	Dec. 31, 2008 Accumulated Defined Benefit Plans Adjustment [Member]	3 Months Ended Mar. 31, 2010 Accumulated Net Unrealized Investment Gain (Loss) [Member]	3 Months Ended Mar. 31, 2009 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Dec. 31, 2009 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Dec. 31, 2008 Accumulated Net Unrealized Investment Gain (Loss) [Member]	3 Months Ended Mar. 31, 2010 Accumulated Translation Adjustment [Member]	3 Months Ended Mar. 31, 2009 Accumulated Translation Adjustment [Member]	Dec. 31, 2009 Accumulated Translation Adjustment [Member]	Dec. 31, 2008 Accumulated Translation Adjustment [Member]	Mar. 31, 2010 Accumulated Other Comprehensive Income [Member]	Dec. 31, 2009 Accumulated Other Comprehensive Income [Member]	Mar. 31, 2009 Accumulated Other Comprehensive Income [Member]	Dec. 31, 2008 Accumulated Other Comprehensive Income [Member]	3 Months Ended Mar. 31, 2010 Additional Paid-in Capital [Member]	3 Months Ended Mar. 31, 2009 Additional Paid-in Capital [Member]	Dec. 31, 2009 Additional Paid-in Capital [Member]	Dec. 31, 2008 Additional Paid-in Capital [Member]	3 Months Ended Mar. 31, 2010 Comprehensive Income [Member]	3 Months Ended Mar. 31, 2009 Comprehensive Income [Member]
Balance, Beginning of period	$8,043,122	$7,382,719			$117,943	$120,830			($267,939)	($232,232)			$72,162	($4,402)			$2,649	$3,106							$5,370,042	$4,869,303
Net income attributable to Entergy Corporation	213,799	235,335																											213,799	235,335
Adjustments related to implementation of new accounting pronouncements	0	6,365											0	(6,365)
Total after additions	213,799	241,700
Dividends declared on common stock	141,911	142,090
Net derivative instrument fair value changes arising during the period					142,538	87,714																							142,538	87,714
Pension and other postretirement liabilities									1,805	(857)																			1,805	(857)
Net unrealized investment gains (losses)													16,841	(25,417)															16,841	(25,417)
Foreign currency translation																	(607)	(843)											(607)	(843)
Add: preferred dividend requirements of subsidiaries																													5,015	4,998
Comprehensive Income																													379,391	300,930
Common stock issuances in settlement of equity unit purchase contracts																									0	499,934
Common stock issuances related to stock plans																									3,382	1,209
Total																									3,382	501,143
Balance, End of period	$8,115,010	$7,482,329	$8,043,122	$7,382,719	$260,481	$208,544	$117,943	$120,830	($266,134)	($233,089)	($267,939)	($232,232)	$89,003	($36,184)	$72,162	($4,402)	$2,042	$2,263	$2,649	$3,106	$85,392	($75,185)	($58,466)	($112,698)	$5,373,424	$5,370,446	$5,370,042	$4,869,303

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 Mar. 31, 2010	3 Months Ended Mar. 31, 2009
Statement of Stockholders' Equity [Abstract]
Other Comprehensive Income, Derivatives Qualifying as Hedges, Tax Effect	$87,259	$57,186
Other Comprehensive Income, Defined Benefit Plans, Tax	891	(135)
Other Comprehensive Income, Available-for-sale Securities, Tax	17,813	(35,977)
Other Comprehensive Income, Foreign Currency Translation Adjustment, Tax	(327)	(454)
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle	$0	($4,921)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 1.COMMITMENTS AND CONTINGENCIES(Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) 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.

RATE AND REGULATORY MATTERS

RATE AND REGULATORY MATTERS
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
RATE AND REGULATORY MATTERS	NOTE 2.RATE AND REGULATORY MATTERS(Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) 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 information. Entergy Corporation and Subsidiaries Notes to Financial Statements Fuel and purchased power cost recovery See Entergy Corporation and Subsidiaries' "MANAGEMENT'S FINANCIAL DISCUSSION AND ANALYSIS - System Agreement Proceedings" for updates to the discussion in the Form 10-K regarding the System Agreement proceedings. 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 independent audit firm submitted its report to the MPSC in December 2009.The report does not recommend that any costs be disallowed for recovery.The report did suggest that some costs, less than one percent of the fuel and purchased power costs recovered during the period, may have been more reasonably charged to customers through base rates rather than through fuel charges, but the report did not suggest that customers should not have paid for those costs.In November 2009 the MPSC also retained another firm to review processes and practices related to fuel and purchased energy.The results of that review were filed with the MPSC in March 2010.In that report, the independent consulting firm found that the practices and procedures in activities that directly affect the costs recovered through Entergy Mississippi's fuel adjustment clause appear reasonable.Both audit reports were certified by the MPSC to the Mississippi Legislature, as required by Mississippi law.In March 2010, the MPSC opened a docket to consider revisions to its rules regarding recovery of fuel and energy costs and other general matters related to fuel adjustment clauses and fuel audits. Storm Cost Recovery Filings Entergy Arkansas Storm Reserve Accounting The APSC's June 2007 order in Entergy Arkansas' base rate proceeding eliminated storm reserve accounting for Entergy Arkansas.In March 2009 a law was enacted in Arkansas that requires the APSC to permit storm reserve accounting for utilities that request it.Entergy Arkansas filed its request with the APSC, and has reinstated storm reserve accounting effective January 1, 2009.A hearing on Entergy Arkansas' request was held in March 2010, and in April 2010 the ALJ approved Entergy Arkansass establishment of a storm cost reserve account. Entergy Gulf States Louisiana and Entergy Louisiana Hurricane Gustav and Hurricane Ike Filing As discussed in the Form 10-K, in September 2008, Hurricane Gustav and Hurricane Ike caused catastrophic damage to Entergy's service territory. Entergy Gulf States Louisiana and Entergy Louisiana filed their Hurricane Gustav and Hurricane Ike storm cost recovery case with the LPSC in May 2009. In September 2009, Ent

EQUITY

EQUITY
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
PREFERRED EQUITY	NOTE 3.EQUITY(Entergy Corporation) Common Stock 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 March 31, 2010 2009 (In Millions, Except Per Share Data) Basic earnings per share Income Shares $/share Income Shares $/share Net income attributable to Entergy Corporation $213.8 189.2 $1.13 $235.3 192.6 $1.22 Average dilutive effect of: Stock options - 2.1 (0.01) - 2.0 (0.01) Equity units - - - $ 3.2 3.5 (0.01) Diluted earnings per share $213.8 191.3 $1.12 $238.5 198.1 $1.20 Entergy's stock option and other equity compensation plans are discussed in Note 12 to the financial statements in the Form 10-K. Entergy Corporation and Subsidiaries Notes to Financial Statements Treasury Stock During the first quarter 2010, Entergy Corporation issued 150,908 shares of its previously repurchased common stock to satisfy stock option exercises and other stock-based awards. Retained Earnings On April 5, 2010, Entergy Corporation's Board of Directors declared a common stock dividend of $0.83 per share, payable on June 1, 2010 to holders of record as of May 12, 2010.

LINES OF CREDIT, RELATED SHORT-

LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT	NOTE 4.REVOLVING CREDIT FACILITIES, LINES OF CREDIT, SHORT-TERM BORROWINGS, AND LONG-TERM DEBT(Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) 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 three months ended March 31, 2010 was 0.671% on the drawn portion of the facility.Following is a summary of the borrowings outstanding and capacity available under the facility as of March 31, 2010. Capacity Borrowings Letters of Credit Capacity Available (In Millions) $3,500 $2,615 $25 $860 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 Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy Texas each had credit facilities available as of March 31, 2010 as follows: Company Expiration Date Amount of Facility Interest Rate (a) Amount Drawn as of March 31, 2010 Entergy Arkansas April 2010 $88 million (b) 5.00% - Entergy Gulf States Louisiana August 2012 $100 million (c) 0.66% - Entergy Louisiana August 2012 $200 million (d) 0.66% - Entergy Mississippi May 2010 $35 million (e) 2.00% - Entergy Mississippi May 2010 $25 million (e) 2.00% - Entergy Mississippi May 2010 $10 million (e) 2.00% - Entergy Texas August 2012 $100 million (f) 0.72% - (a) The interest rate is the rate as of March 31, 2010 that would be applied to the outstanding borrowings under the facility. (b) In April 2010, Entergy Arkansas renewed its credit facility through April 2011 in the amount of $75.125 million.The credit facility requires Entergy Arkansas to maintain a debt ratio of 65% or less of its total capitalization and, prior to its renewal, contained 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 March 31, 2010, 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

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
STOCK-BASED COMPENSATION	NOTE 5.STOCK-BASED COMPENSATION (Entergy Corporation) 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 first quarter for each of the years presented: 2010 2009 (In Millions) Compensation expense included in Entergy's Net Income for the first quarter $3.9 $4.3 Tax benefit recognized in Entergy's Net Incomefor the first quarter $1.5 $1.6 Compensation cost capitalized as part of fixed assets and inventory as of March 31, $0.7 $0.8 Entergy granted 1,407,900 stock options during the first quarter 2010 with a weighted-average fair value of $13.18.At March 31, 2010, there were 12,547,629 stock options outstanding with a weighted-average exercise price of $70.82.The aggregate intrinsic value of the stock options outstanding at March 31, 2010 was $132.2 million.

RETIREMENT, OTHER POSTRETIREMEN

RETIREMENT, OTHER POSTRETIREMENT BENEFITS, AND DEFINED CONTRIBUTION PLANS
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
RETIREMENT, OTHER POSTRETIREMENT BENEFITS, AND DEFINED CONTRIBUTION PLANS	NOTE 6.RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Net Pension Cost Entergy's qualified pension cost, including amounts capitalized, for the first quarters of 2010 and 2009, included the following components: 2010 2009 (In Thousands) Service cost - benefits earned during the period $26,239 $22,412 Interest cost on projected benefit obligation 57,802 54,543 Expected return on assets (64,902) (62,305) Amortization of prior service cost 1,164 1,249 Amortization of loss 16,475 5,600 Net pension costs $36,778 $21,499 The Registrant Subsidiaries' qualified pension cost, including amounts capitalized, for the first quarters of 2010 and 2009, included the following components: 2010 Entergy Arkansas Entergy Gulf States Louisiana Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy (In Thousands) Service cost - benefits earned during the period $3,944 $2,116 $2,443 $1,163 $516 $1,067 $1,033 Interest cost on projected benefit obligation 12,319 6,094 7,135 3,807 1,510 3,967 2,252 Expected return on assets (12,659) (7,688) (8,194) (4,313) (1,809) (5,137) (2,952) Amortization of prior service Cost 196 75 119 79 44 59 8 Amortization of loss 4,126 1,906 2,151 1,091 636 802 132 Net pension cost $7,926 $2,503 $3,654 $1,827 $897 $758 $473 2009 Entergy Arkansas Entergy Gulf States Louisiana Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System 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 recognized $4.7 million and $4.4 million in pension cost for its non-qualified pension plans in the first quarters of 2010 and 2009, respectively. The Registrant Subsidiaries recognized the following pension cost for their non-qualified pension plans in the first quarters of 2010 and 2009: Entergy Arkansas Entergy Gulf States Louisiana Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas (In Thousands) Non-Qualified Pension Cost First Quarter 2010 $101 $41 $6 $50 $6 $170 Non-Quali

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
BUSINESS SEGMENT INFORMATION	NOTE 7.BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy Corporation Entergy's reportable segments as of March 31, 2010 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 first quarters of 2010 and 2009 is as follows: Utility Non-Utility Nuclear* All Other* Eliminations Consolidated (In Thousands) 2010 Operating revenues $2,103,829 $613,776 $48,581 ($6,839) $2,759,347 Income taxes (benefit) $89,970 $86,205 ($28,490) $- $147,685 Consolidated net income (loss) $142,971 $94,226 ($24) ($18,359) $218,814 Total assets $29,253,077 $9,405,822 $1,329,834 ($1,927,323) $38,061,410 2009 Operating revenues $2,102,206 $656,187 $37,742 ($7,023) $2,789,112 Income taxes (benefit) $73,464 $102,077 ($12,495) $- $163,046 Consolidated net income (loss) $115,968 $180,882 ($38,158) ($18,359) $240,333 Total assets $28,658,115 $8,136,681 $2,175,033 ($2,357,242) $36,612,587 Businesses marked with * are sometimes referred to as the "competitive businesses," with the exception of the parent company, Entergy Corporation.Eliminations are primarily intersegment activity.Almost all of Entergy's goodwill is related to the Utility segment. Entergy Corporation and Subsidiaries Notes to Financial Statements On April 5, 2010, Entergy announced that, effective immediately, it plans to unwind the business infrastructure associated with its proposed plan to spin-off its Non-Utility Nuclear business.As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in the first quarter 2010 in the Non-Utility Nuclear segment for the write-off of certain capitalized costs incurred in connection with the planned spin-off transaction.Other operation and maintenance expenses include the write-off of $32 million of capital costs, primarily for software that will not be utilized.Interest charges include the write-off of $37 million of debt financing costs, primarily incurred for Enexus's $1.2 billion credit facility.Entergy expects that it will incur approximately $50 million in additional expenses in unwinding this business through the remainder of 2010, including additional write-offs, dis-synergies, and certain other costs. Registrant Subsidiaries The Registrant Subsidiaries have one reportable segment, which is an

RISK MANAGEMENT AND FAIR VALUES

RISK MANAGEMENT AND FAIR VALUES
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
RISK MANAGEMENT AND FAIR VALUES	NOTE 8.RISK MANAGEMENT AND FAIR VALUES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) 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 e

DECOMMISSIONING TRUST FUNDS

DECOMMISSIONING TRUST FUNDS
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
DECOMMISSIONING TRUST FUNDS	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 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 and 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 gains/(losses) in other deferred credits.Decommissioning trust funds for Pilgrim, Indian Point 2, Vermont Yankee, and Palisades do not meet the criteria for regulatory accounting treatment.Accordingly, unrealized gains recorded on the assets in these trust funds are recognized in the accumulated other comprehensive income component of 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 shareholders' equity unless the unrealized loss is other than temporary and therefore 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 as of March 31, 2010 and December 31, 2009 are summarized as follows: Fair Value Total Unrealized Gains Total Unrealized Losses (In Millions) 2010 Equity Securities $1,974 $326 $20 Debt Securities 1,357 58 5 Total $3,331 $384 $25 2009 Equity Securities $1,788 $311 $30 Debt Securities 1,423 63 8 Total $3,211 $374 $38 The amortized cost of debt securities was $1,300 million as of March 31, 2010 and $1,368 million as of December 31, 2009.As of March 31, 2010, the debt securities have an average coupon rate of approximately 4.54%, an average duration of approximately 5.06 years, and an average maturity of approximately 8.3 years.The equity securities are generally held in funds that are designed to approximate or somewhat exceed the return of the Standard Poor's 500 Index.A relatively small percentage of the securities are held in funds intended to replicate the return of the Wilshire 4500 Index or the Russell 3000 Index. Entergy Corpor

INCOME TAXES

INCOME TAXES
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
INCOME TAXES	NOTE 10.INCOME TAXES(Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Income Tax Audits and Litigation See Note 3 to the financial statements in the Form 10-K for a discussion of tax proceedings.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
Property, plant, and Equipment	NOTE 11.PROPERTY, PLANT, AND EQUIPMENT (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Construction expenditures included in accounts payable at March 31, 2010 is $128.2 million for Entergy, $13.2 million for Entergy Arkansas, $13.3 million for Entergy Gulf States Louisiana, $26.0 million for Entergy Louisiana, $3.0 million for Entergy Mississippi, $22 thousand for Entergy New Orleans, $4.4 million for Entergy Texas, and $18.2 million for System Energy.Nuclear fuel purchases included in accounts payable at March 31, 2010 is $112.7 million for Entergy and System Energy. Entergy's Non-Utility Nuclear business currently has pending applications for license renewals for the Vermont Yankee, Pilgrim, Indian Point 2, and Indian Point 3 power plants.In addition, for Vermont Yankee the state certificates of public good to operate the plant and store spent nuclear fuel also expire in 2012.Non-Utility Nuclear filed an application with the Vermont Public Service Board on March 3, 2008 for approval of continued operations and storage of spent nuclear fuel generated after March 21, 2012.Under Vermont law the Vermont General Assembly approval of Non-Utility Nuclear's request is required for the request to be granted.On February 24, 2010, a bill to approve the continued operation of Vermont Yankee was advanced to a vote in the Vermont Senate and defeated by a margin of 26 to 4.This vote does not preclude the Vermont Senate from voting again on a similar bill in the future.If all necessary approvals to operate Vermont Yankee beyond its current license expiration are not received, it could result in an impairment of part or all of the carrying value of the plant, including any capitalized asset retirement cost associated with the recording of the decommissioning liability.Decommissioning liabilities are further described in Note 9 to the financial statements in the Form 10-K.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES
	3 Months Ended Mar. 31, 2010
Notes to Financial Statements [Abstract]
Variable Interest Entities	NOTE 12.VARIABLE INTEREST ENTITIES (Entergy Corporation, Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, System Energy) Under applicable authoritative accounting guidance, a variable interest entity (VIE) is an entity that conducts a business or holds property that possesses any of the following characteristics: an insufficient amount of equity at risk to finance its activities, equity owners who do not have the power to direct the significant activities of the entity (or have voting rights that are disproportionate to their ownership interest), or where equity holders do not receive expected losses or returns.An entity may have an interest in a VIE through ownership or other contractual rights or obligations, and is required to consolidate a VIE if it is the VIE's primary beneficiary. The FASB issued authoritative accounting guidance that became effective in the first quarter 2010 that revises the manner in which entities evaluate whether consolidation is required for VIEs.Under the revised guidance, the primary beneficiary of a VIE is the entity that has the power to direct the activities of the VIE that most significantly affect the VIE's economic performance, and has the obligation to absorb losses or has the right to residual returns that would potentially be significant to the entity.In conjunction with the adoption of the new guidance, Entergy updated reviews of its contracts and arrangements to determine whether Entergy is the primary beneficiary of a VIE based on the revisions to the previous consolidation model and other provisions of this standard.Based on this review Entergy determined that Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, and System Energy should consolidate the respective companies from which they lease nuclear fuel, usually in a sale and leaseback transaction.This determination is because Entergy directs the nuclear fuel companies with respect to nuclear fuel purchases, assists the nuclear fuel companies in obtaining financing, and, if financing cannot be arranged, the lessee (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, or System Energy) is responsible to repurchase nuclear fuel to allow the nuclear fuel company (the VIE) to meet its obligations.Under the previous guidance, the determination of the primary beneficiary of a VIE was based on ownership interests and the risks and rewards in the entity attributable to the variable interest holders.Therefore, the Entergy companies did not previously consolidate the nuclear fuel companies.Because Entergy has historically accounted for the leases with the nuclear fuel companies as capital lease obligations, the effect of consolidating the nuclear fuel companies did not materially affect Entergy's financial statements.During the term of the arrangements, none of the Entergy operating companies have been required to provide financial support apart from their scheduled lease payments.These nuclear fuel leases are further described in Note 10 to the financial statements in the Form 10-K.See Note 4 to the financial statements herein for details of the nuclear

Document Information

Document Information
	3 Months Ended Mar. 31, 2010
Document Information [Text Block]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2010-03-31

Entity Information

Entity Information (USD $)
	3 Months Ended Mar. 31, 2010	Apr. 30, 2010	Jun. 30, 2009
Entity [Text Block]	ENTERGY CORP /DE/
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			$15,200,000,000
Entity Common Stock Shares Outstanding		189,303,044
Document Fiscal Year Focus	2,010
Document Fiscal Period Focus	Q1