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Revolving Credit Facilities, Lines Of Credit And Short-Term Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2014
Summary Of The Borrowings Outstanding And Capacity Available Under The Facility | Following is a summary of the borrowings outstanding and capacity available under the facility as of March 31, 2014.
Capacity |  | Borrowings |  | Letters of Credit |  | Capacity Available
(In Millions)
| $3,500 |  |  |  | $115 |  |  |  | $9 |  |  |  | $3,376 |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Notes Payable By Variable Interest Entities | The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2014 as follows:
Company |  | Description |  | Amount
Entergy Arkansas VIE |  | 5.69% Series I due July 2014 |  | $70 million
Entergy Arkansas VIE |  | 3.23% Series J due July 2016 |  | $55 million
Entergy Arkansas VIE |  | 2.62% Series K due December 2017 |  | $60 million
Entergy Gulf States Louisiana VIE |  | 3.25% Series Q due July 2017 |  | $75 million
Entergy Gulf States Louisiana VIE |  | 3.38% Series R due August 2020 |  | $70 million
Entergy Louisiana VIE |  | 5.69% Series E due July 2014 |  | $50 million
Entergy Louisiana VIE |  | 3.30% Series F due March 2016 |  | $20 million
Entergy Louisiana VIE |  | 3.25% Series G due July 2017 |  | $25 million
Entergy Louisiana VIE |  | 3.92% Series H due February 2021 |  | $40 million
System Energy VIE |  | 5.33% Series G due April 2015 |  | $60 million
System Energy VIE |  | 4.02% Series H due February 2017 |  | $50 million
System Energy VIE |  | 3.78% Series I due October 2018 |  | $85 million
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
Entergy Arkansas [Member] |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel | See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE). The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2014:
Company |  | Expiration Date |  | Amount of Facility |  | Weighted Average Interest Rate on Borrowings (a) |  | Amount Outstanding as of March 31, 2014
|  |  |  | (Dollars in Millions)
Entergy Arkansas VIE |  | June 2016 |  | $85 |  | 1.57% |  |  | $62.5 |
Entergy Gulf States Louisiana VIE |  | June 2016 |  | $100 |  | 1.25% |  |  | $0.3 |
Entergy Louisiana VIE |  | June 2016 |  | $90 |  | 1.50% |  |  | $31.7 |
System Energy VIE |  | June 2016 |  | $125 |  | 1.64% |  |  | $52.7 |
(a) | Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.
Notes Payable By Variable Interest Entities | The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2014 as follows:
Company |  | Description |  | Amount
Entergy Arkansas VIE |  | 5.69% Series I due July 2014 |  | $70 million
Entergy Arkansas VIE |  | 3.23% Series J due July 2016 |  | $55 million
Entergy Arkansas VIE |  | 2.62% Series K due December 2017 |  | $60 million
Entergy Gulf States Louisiana VIE |  | 3.25% Series Q due July 2017 |  | $75 million
Entergy Gulf States Louisiana VIE |  | 3.38% Series R due August 2020 |  | $70 million
Entergy Louisiana VIE |  | 5.69% Series E due July 2014 |  | $50 million
Entergy Louisiana VIE |  | 3.30% Series F due March 2016 |  | $20 million
Entergy Louisiana VIE |  | 3.25% Series G due July 2017 |  | $25 million
Entergy Louisiana VIE |  | 3.92% Series H due February 2021 |  | $40 million
System Energy VIE |  | 5.33% Series G due April 2015 |  | $60 million
System Energy VIE |  | 4.02% Series H due February 2017 |  | $50 million
System Energy VIE |  | 3.78% Series I due October 2018 |  | $85 million
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
Entergy Gulf States Louisiana [Member] |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel | See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE). The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2014:
Company |  | Expiration Date |  | Amount of Facility |  | Weighted Average Interest Rate on Borrowings (a) |  | Amount Outstanding as of March 31, 2014
|  |  |  | (Dollars in Millions)
Entergy Arkansas VIE |  | June 2016 |  | $85 |  | 1.57% |  |  | $62.5 |
Entergy Gulf States Louisiana VIE |  | June 2016 |  | $100 |  | 1.25% |  |  | $0.3 |
Entergy Louisiana VIE |  | June 2016 |  | $90 |  | 1.50% |  |  | $31.7 |
System Energy VIE |  | June 2016 |  | $125 |  | 1.64% |  |  | $52.7 |
(a) | Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.
Notes Payable By Variable Interest Entities | The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2014 as follows:
Company |  | Description |  | Amount
Entergy Arkansas VIE |  | 5.69% Series I due July 2014 |  | $70 million
Entergy Arkansas VIE |  | 3.23% Series J due July 2016 |  | $55 million
Entergy Arkansas VIE |  | 2.62% Series K due December 2017 |  | $60 million
Entergy Gulf States Louisiana VIE |  | 3.25% Series Q due July 2017 |  | $75 million
Entergy Gulf States Louisiana VIE |  | 3.38% Series R due August 2020 |  | $70 million
Entergy Louisiana VIE |  | 5.69% Series E due July 2014 |  | $50 million
Entergy Louisiana VIE |  | 3.30% Series F due March 2016 |  | $20 million
Entergy Louisiana VIE |  | 3.25% Series G due July 2017 |  | $25 million
Entergy Louisiana VIE |  | 3.92% Series H due February 2021 |  | $40 million
System Energy VIE |  | 5.33% Series G due April 2015 |  | $60 million
System Energy VIE |  | 4.02% Series H due February 2017 |  | $50 million
System Energy VIE |  | 3.78% Series I due October 2018 |  | $85 million
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
Entergy Louisiana [Member] |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel | See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE). The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2014:
Company |  | Expiration Date |  | Amount of Facility |  | Weighted Average Interest Rate on Borrowings (a) |  | Amount Outstanding as of March 31, 2014
|  |  |  | (Dollars in Millions)
Entergy Arkansas VIE |  | June 2016 |  | $85 |  | 1.57% |  |  | $62.5 |
Entergy Gulf States Louisiana VIE |  | June 2016 |  | $100 |  | 1.25% |  |  | $0.3 |
Entergy Louisiana VIE |  | June 2016 |  | $90 |  | 1.50% |  |  | $31.7 |
System Energy VIE |  | June 2016 |  | $125 |  | 1.64% |  |  | $52.7 |
(a) | Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.
Notes Payable By Variable Interest Entities | The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2014 as follows:
Company |  | Description |  | Amount
Entergy Arkansas VIE |  | 5.69% Series I due July 2014 |  | $70 million
Entergy Arkansas VIE |  | 3.23% Series J due July 2016 |  | $55 million
Entergy Arkansas VIE |  | 2.62% Series K due December 2017 |  | $60 million
Entergy Gulf States Louisiana VIE |  | 3.25% Series Q due July 2017 |  | $75 million
Entergy Gulf States Louisiana VIE |  | 3.38% Series R due August 2020 |  | $70 million
Entergy Louisiana VIE |  | 5.69% Series E due July 2014 |  | $50 million
Entergy Louisiana VIE |  | 3.30% Series F due March 2016 |  | $20 million
Entergy Louisiana VIE |  | 3.25% Series G due July 2017 |  | $25 million
Entergy Louisiana VIE |  | 3.92% Series H due February 2021 |  | $40 million
System Energy VIE |  | 5.33% Series G due April 2015 |  | $60 million
System Energy VIE |  | 4.02% Series H due February 2017 |  | $50 million
System Energy VIE |  | 3.78% Series I due October 2018 |  | $85 million
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
Entergy Mississippi [Member] |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
Entergy New Orleans [Member] |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
Entergy Texas [Member] |
Credit Facilities | Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of March 31, 2014 as follows:
Company |  | Expiration Date |  | Amount of Facility |  | Interest Rate (a) |  | Amount Drawn as of March 31, 2014
Entergy Arkansas |  | April 2014 |  | $20 million (b) |  | 1.73% |  | $—
Entergy Arkansas |  | March 2019 |  | $150 million (c) |  | 1.65% |  | $—
Entergy Gulf States Louisiana |  | March 2019 |  | $150 million (d) |  | 1.40% |  | $—
Entergy Louisiana |  | March 2019 |  | $200 million (e) |  | 1.40% |  | $—
Entergy Mississippi |  | May 2014 |  | $37.5 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $35 million (f) |  | 1.90% |  | $—
Entergy Mississippi |  | May 2014 |  | $20 million (f) |  | 1.90% |  | $—
Entergy New Orleans |  | November 2014 |  | $25 million |  | 1.63% |  | $—
Entergy Texas |  | March 2019 |  | $150 million (g) |  | 1.65% |  | $—
(a) | The interest rate is the rate as of March 31, 2014 that would most likely apply to outstanding borrowings under the facility.
(b) | Borrowings under the Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable. In April 2014, Entergy Arkansas renewed its credit facility through April 2015.
(c) | The credit facility allows Entergy Arkansas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $1 million in letters of credit were outstanding.
(d) | The credit facility allows Entergy Gulf States Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $26 million in letters of credit were outstanding.
(e) | The credit facility allows Entergy Louisiana to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $23 million in letters of credit were outstanding.
(f) | Borrowings under the Entergy Mississippi credit facilities may be secured by a security interest in its accounts receivable. Prior to expiration on May 31, 2014, Entergy Mississippi expects to renew all of its credit facilities.
(g) | The credit facility allows Entergy Texas to issue letters of credit against 50% of the borrowing capacity of the facility. As of March 31, 2014, $36.3 million in letters of credit were outstanding.
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
System Energy [Member] |
Short-Term Borrowings And The Outstanding Short-Term Borrowings | The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of March 31, 2014 (aggregating both money pool and external short-term borrowings) for the Registrant Subsidiaries:
| Authorized |  | Borrowings
| (In Millions)
Entergy Arkansas |  | $250 |  |  |  | $— |
Entergy Gulf States Louisiana |  | $200 |  |  |  | $— |
Entergy Louisiana |  | $250 |  |  |  | $— |
Entergy Mississippi |  | $175 |  |  |  | $— |
Entergy New Orleans |  | $100 |  |  |  | $— |
Entergy Texas |  | $200 |  |  |  | $39 |
System Energy |  | $200 |  |  |  | $— |
Issuance Of Commercial Paper To Finance Acquisition And Ownership Of Nuclear Fuel | See Note 18 to the financial statements in the Form 10-K for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE). The nuclear fuel company variable interest entities have credit facilities and also issue commercial paper to finance the acquisition and ownership of nuclear fuel as follows as of March 31, 2014:
Company |  | Expiration Date |  | Amount of Facility |  | Weighted Average Interest Rate on Borrowings (a) |  | Amount Outstanding as of March 31, 2014
|  |  |  | (Dollars in Millions)
Entergy Arkansas VIE |  | June 2016 |  | $85 |  | 1.57% |  |  | $62.5 |
Entergy Gulf States Louisiana VIE |  | June 2016 |  | $100 |  | 1.25% |  |  | $0.3 |
Entergy Louisiana VIE |  | June 2016 |  | $90 |  | 1.50% |  |  | $31.7 |
System Energy VIE |  | June 2016 |  | $125 |  | 1.64% |  |  | $52.7 |
(a) | Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Gulf States Louisiana does not issue commercial paper, but borrows directly on its bank credit facility.
Notes Payable By Variable Interest Entities | The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of March 31, 2014 as follows:
Company |  | Description |  | Amount
Entergy Arkansas VIE |  | 5.69% Series I due July 2014 |  | $70 million
Entergy Arkansas VIE |  | 3.23% Series J due July 2016 |  | $55 million
Entergy Arkansas VIE |  | 2.62% Series K due December 2017 |  | $60 million
Entergy Gulf States Louisiana VIE |  | 3.25% Series Q due July 2017 |  | $75 million
Entergy Gulf States Louisiana VIE |  | 3.38% Series R due August 2020 |  | $70 million
Entergy Louisiana VIE |  | 5.69% Series E due July 2014 |  | $50 million
Entergy Louisiana VIE |  | 3.30% Series F due March 2016 |  | $20 million
Entergy Louisiana VIE |  | 3.25% Series G due July 2017 |  | $25 million
Entergy Louisiana VIE |  | 3.92% Series H due February 2021 |  | $40 million
System Energy VIE |  | 5.33% Series G due April 2015 |  | $60 million
System Energy VIE |  | 4.02% Series H due February 2017 |  | $50 million
System Energy VIE |  | 3.78% Series I due October 2018 |  | $85 million
Book Value And The Fair Value Of Long-Term Debt | The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of March 31, 2014 are as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,621,307 |  |  |  | $12,666,156 |
Entergy Arkansas |  | $2,530,596 |  |  |  | $2,329,749 |
Entergy Gulf States Louisiana |  | $1,513,024 |  |  |  | $1,628,264 |
Entergy Louisiana |  | $3,242,584 |  |  |  | $3,211,101 |
Entergy Mississippi |  | $1,153,675 |  |  |  | $1,186,913 |
Entergy New Orleans |  | $225,943 |  |  |  | $221,758 |
Entergy Texas |  | $1,534,531 |  |  |  | $1,703,937 |
System Energy |  | $710,721 |  |  |  | $675,260 |
(a) | The values exclude lease obligations of $132 million at Entergy Louisiana and $51 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $96 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.
The book value and the fair value of long-term debt for Entergy Corporation and the Registrant Subsidiaries as of December 31, 2013 were as follows:
| Book Value of Long-Term Debt |  | Fair Value of Long-Term Debt (a) (b)
| (In Thousands)
Entergy |  | $12,596,244 |  |  |  | $12,439,785 |
Entergy Arkansas |  | $2,405,802 |  |  |  | $2,142,527 |
Entergy Gulf States Louisiana |  | $1,527,465 |  |  |  | $1,631,308 |
Entergy Louisiana |  | $3,219,516 |  |  |  | $3,148,877 |
Entergy Mississippi |  | $1,053,670 |  |  |  | $1,067,006 |
Entergy New Orleans |  | $225,944 |  |  |  | $217,692 |
Entergy Texas |  | $1,556,939 |  |  |  | $1,726,623 |
System Energy |  | $757,436 |  |  |  | $664,890 |
(a) | The values exclude lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and include debt due within one year.
(b) | Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 8 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.

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