Entergy Corporation

    ETR ·NYSE ·Electric Services ·Inc. in DE
    Loading chart...
    Other Business Activities

    Entergy’s non-utility operations business includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers. Entergy’s non-utility operations business also provides decommissioning-related services to nuclear power plants owned by non-affiliated entities.

    278

    Part I Item 1
    Entergy Corporation, Utility operating companies, and System Energy

    Property

    Entergy’s non-utility operations business owns interests in the following non-nuclear power plants:
    PlantLocationOwnershipNet Owned Capacity (a)Type
    Independence Unit 2; 842 MWNewark, AR14%121 MW(b)Coal
    Nelson Unit 6; 550 MWWestlake, LA11%60 MW(b)Coal

    (a)“Net Owned Capacity” refers to the nameplate rating on the generating unit.
    (b)The owned MW capacity is the portion of the plant capacity owned by Entergy’s non-utility operations business.  For a complete listing of Entergy’s jointly-owned generating stations, refer to “Jointly-Owned Generating Stations” in Note 1 to the financial statements.

    All generation owned by Entergy’s non-utility operations business falls under the authority of MISO. Customers for the sale of both energy and capacity from its owned generation and contracted power purchases include retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The majority of the non-utility operations businesses’ owned generation and contracted power purchases are sold under a cost-based contract.

    TLG Services, a subsidiary in Entergy’s non-utility operations business, offers decommissioning, engineering, and related services to nuclear power plant owners.

    Regulation of Entergy’s Business

    Federal Power Act

    The Federal Power Act provides the FERC the authority to regulate:

    the transmission and wholesale sale of electric energy in interstate commerce;
    the reliability of the high voltage interstate transmission system through reliability standards;
    sale or acquisition of certain assets;
    securities issuances;
    the licensing of certain hydroelectric projects;
    certain other activities, including accounting policies and practices of electric and gas utilities; and
    changes in control of FERC jurisdictional entities or rate schedules.

    The Federal Power Act gives the FERC jurisdiction over the rates charged by System Energy for Grand Gulf capacity and energy provided to Entergy Arkansas, Entergy Mississippi, and Entergy New Orleans. The FERC also has jurisdiction over the rates charged by Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas to unaffiliated wholesale customers. In addition, the FERC also regulates wholesale power sales between the Utility operating companies. Moreover, the FERC regulates the MISO RTO, an independent entity that maintains functional control over the combined transmission systems of its members and administers wholesale energy, capacity, and ancillary services markets for market participants in the MISO region, including the Utility operating companies. FERC regulation of the MISO RTO includes regulation of the design and implementation of the wholesale markets administered by the MISO RTO, as well as the rates, terms, and conditions of open access transmission service over the member systems and the allocation of costs associated with transmission upgrades.

    Entergy Arkansas holds a FERC license that expires in 2053 for two hydroelectric projects totaling 65 MW of capacity.

    279

    Part I Item 1
    Entergy Corporation, Utility operating companies, and System Energy

    State Regulation

    Utility

    Entergy Arkansas is subject to regulation by the APSC as to the following:

    utility service;
    utility service areas;
    retail rates and charges, including depreciation rates;
    fuel cost recovery, including audits of the energy cost recovery rider;
    terms and conditions of service;
    service standards;
    the acquisition, sale, or lease of any public utility plant or property constituting an operating unit or system;
    certificates of convenience and necessity and certificates of environmental compatibility and public need, as applicable, for generating and transmission facilities;
    avoided cost payments to non-exempt Qualifying Facilities;
    net energy metering;
    integrated resource planning;
    utility mergers and acquisitions and other changes of control; and
    the issuance and sale of certain securities.

    Additionally, Entergy Arkansas serves a limited number of retail customers in Tennessee. Pursuant to legislation enacted in Tennessee, Entergy Arkansas is subject to complaints before the Tennessee Regulatory Authority only if it fails to treat its retail customers in Tennessee in the same manner as its retail customers in Arkansas. Additionally, Entergy Arkansas maintains limited facilities in Missouri but does not provide retail electric service to customers in Missouri. Although Entergy Arkansas obtained a certificate with respect to its Missouri facilities, Entergy Arkansas is not subject to retail ratemaking jurisdiction in Missouri.

    Entergy Louisiana is subject to regulation by the LPSC as to the following:

    utility service;
    retail rates and charges, including depreciation rates;
    fuel cost recovery, including audits of the fuel adjustment clause, and the environmental adjustment charge;
    terms and conditions of service;
    service standards;
    certification of certain transmission projects;
    certification of capacity acquisitions, both for owned capacity and for purchase power contracts that exceed either 5 MW or one year in term;
    procurement process to acquire generating capacity at or above 50 MW;
    audits of the energy efficiency rider;
    avoided cost payment to non-exempt Qualifying Facilities;
    integrated resource planning;
    net energy metering; and
    utility mergers and acquisitions and other changes of control.

    Entergy Mississippi is subject to regulation by the MPSC as to the following:

    utility service;
    utility service areas;
    retail rates and charges, including depreciation rates;

    Loading financial statements...

    Financial statements

    data from SEC XBRL filings. Values are as-reported; restatements supersede originals. Values reported in .

    From 10-K filed 2026-02-19 (period ending 2025-12-31).


    Item 7.   Management’s Discussion and Analysis of Financial Condition and Results of Operations

    Refer to “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS” of each of Entergy Corporation and Subsidiaries, Entergy Arkansas, LLC and Subsidiaries, Entergy Louisiana, LLC and Subsidiaries, Entergy Mississippi, LLC and Subsidiaries, Entergy New Orleans, LLC and Subsidiaries, Entergy Texas, Inc. and Subsidiaries, and System Energy Resources, Inc.

    Item 7A.   Quantitative and Qualitative Disclosures About Market Risk

    Refer to “MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS OF ENTERGY CORPORATION AND SUBSIDIARIES - Market and Credit Risk Sensitive Instruments.”

    Loading holders...

    Held by

    holders ( registered funds via N-PORT, institutional investors via 13F). Showing top by dollar value.

    Holder Type ETF MF Position ($) % of holder Δ % of holder Holder AUM

    Next expected filings

    • ~2026-07-31 10-Q expected by 2026-08-07 (in 46 days)
    • ~2026-10-30 10-Q expected by 2026-11-06 (in 137 days)
    • ~2027-02-18 10-K expected by 2027-02-23 (in 248 days)
    • ~2027-04-30 10-Q expected by 2027-05-07 (in 319 days)

    Predicted from historical filing cadence; not an SEC commitment.

    Recent SEC filings

    • 2026-05-12 8-K Officer/Director Change
    • 2026-05-07 8-K Material Agreement Entered; Other Events; Financial Statements and Exhibits
    • 2026-05-06 424B2 Prospectus Supplement
    • 2026-02-20 8-K Other Events; Financial Statements and Exhibits
    • 2026-02-19 10-K Annual Report
    • 2025-12-11 8-K Material Agreement Entered; Material Financial Obligation; Other Events; Financial Statements and Exhibits
    • 2025-11-07 8-K Other Events; Financial Statements and Exhibits
    • 2025-11-03 8-K Officer/Director Change
    • 2025-10-31 10-Q Quarterly Report
    • 2025-08-01 10-Q Quarterly Report
    • 2025-07-28 8-K Officer/Director Change
    • 2025-07-01 8-K Completion of Acquisition/Disposition; Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
    • 2025-05-13 8-K Other Events
    • 2025-05-01 10-Q Quarterly Report
    • 2025-03-21 8-K Material Agreement Entered; Other Events; Financial Statements and Exhibits