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Revenue Recognition | 6 Months Ended
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Jun. 30, 2022
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.
Entergy Arkansas [Member] |
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.
Entergy Louisiana [Member] |
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.
Entergy Mississippi [Member] |
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.
Entergy New Orleans [Member] |
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.
Entergy Texas [Member] |
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.
System Energy [Member] |
Revenue Recognition | NOTE 13. REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergy’s total revenues for the three months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021 |  |  |
|  | (In Thousands) |  |  |
Utility: |  |  |  |  |  |  |
Residential |  | $1,035,063 |  |  | $855,586 |  |  |  |
Commercial |  | 715,665 |  |  | 628,703 |  |  |  |
Industrial |  | 878,194 |  |  | 756,959 |  |  |  |
Governmental |  | 67,101 |  |  | 61,612 |  |  |  |
Total billed retail |  | 2,696,023 |  |  | 2,302,860 |  |  |  |
Sales for resale (a) |  | 249,035 |  |  | 119,130 |  |  |  |
Other electric revenues (b) |  | 302,351 |  |  | 187,078 |  |  |  |
Revenues from contracts with customers |  | 3,247,409 |  |  | 2,609,068 |  |  |  |
Other revenues (c) |  | 10,846 |  |  | 32,307 |  |  |  |
Total electric revenues |  | 3,258,255 |  |  | 2,641,375 |  |  |  |
Natural gas |  | 48,008 |  |  | 31,998 |  |  |  |
Entergy Wholesale Commodities: |  |  |  |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 87,710 |  |  | 146,680 |  |  |  |
Other revenues (c) |  | 1,223 |  |  | 2,017 |  |  |  |
Total competitive businesses revenues |  | 88,933 |  |  | 148,697 |  |  |  |
Total operating revenues |  | $3,395,196 |  |  | $2,822,070 |  |  |  |
Entergy’s total revenues for the six months ended June 30, 2022 and 2021 were as follows:
|  | 2022 |  | 2021
|  | (In Thousands)
Utility: |  |  |  |
Residential |  | $2,021,085 |  |  | $1,822,441 |
Commercial |  | 1,350,290 |  |  | 1,201,380 |
Industrial |  | 1,621,828 |  |  | 1,354,610 |
Governmental |  | 124,395 |  |  | 118,409 |
Total billed retail |  | 5,117,598 |  |  | 4,496,840 |
Sales for resale (a) |  | 377,994 |  |  | 324,205 |
Other electric revenues (b) |  | 396,231 |  |  | 267,339 |
Revenues from contracts with customers |  | 5,891,823 |  |  | 5,088,384 |
Other revenues (c) |  | 22,208 |  |  | 91,410 |
Total electric revenues |  | 5,914,031 |  |  | 5,179,794 |
Natural gas |  | 120,369 |  |  | 90,166 |
Entergy Wholesale Commodities: |  |  |  |
Competitive businesses sales from contracts with customers (a) |  | 232,534 |  |  | 378,794 |
Other revenues (c) |  | 6,188 |  |  | 18,153 |
Total competitive businesses revenues |  | 238,722 |  |  | 396,947 |
Total operating revenues |  | $6,273,122 |  |  | $5,666,907 |
The Utility operating companies’ total revenues for the three months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $199,209 |  |  | $400,915 |  |  | $143,705 |  |  | $80,484 |  |  | $210,750 |
Commercial |  | 127,230 |  |  | 290,063 |  |  | 118,278 |  |  | 58,801 |  |  | 121,293 |
Industrial |  | 135,809 |  |  | 536,229 |  |  | 43,738 |  |  | 9,216 |  |  | 153,202 |
Governmental |  | 5,137 |  |  | 21,841 |  |  | 12,611 |  |  | 20,179 |  |  | 7,333 |
Total billed retail |  | 467,385 |  |  | 1,249,048 |  |  | 318,332 |  |  | 168,680 |  |  | 492,578 |
Sales for resale (a) |  | 156,754 |  |  | 123,231 |  |  | 43,524 |  |  | 36,825 |  |  | 18,133 |
Other electric revenues (b) |  | 70,820 |  |  | 119,847 |  |  | 41,325 |  |  | 17,443 |  |  | 54,259 |
Revenues from contracts with customers |  | 694,959 |  |  | 1,492,126 |  |  | 403,181 |  |  | 222,948 |  |  | 564,970 |
Other revenues (c) |  | 1,980 |  |  | 5,816 |  |  | 2,278 |  |  | 1,136 |  |  | (379) |
Total electric revenues |  | 696,939 |  |  | 1,497,942 |  |  | 405,459 |  |  | 224,084 |  |  | 564,591 |
Natural gas |  | — |  |  | 17,843 |  |  | — |  |  | 30,165 |  |  | — |
Total operating revenues |  | $696,939 |  |  | $1,515,785 |  |  | $405,459 |  |  | $254,249 |  |  | $564,591 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $171,103 |  |  | $340,643 |  |  | $117,461 |  |  | $60,186 |  |  | $166,193 |
Commercial |  | 111,187 |  |  | 262,351 |  |  | 101,644 |  |  | 51,092 |  |  | 102,429 |
Industrial |  | 114,284 |  |  | 475,185 |  |  | 36,545 |  |  | 8,028 |  |  | 122,917 |
Governmental |  | 4,536 |  |  | 21,547 |  |  | 10,873 |  |  | 18,312 |  |  | 6,344 |
Total billed retail |  | 401,110 |  |  | 1,099,726 |  |  | 266,523 |  |  | 137,618 |  |  | 397,883 |
Sales for resale (a) |  | 69,750 |  |  | 74,343 |  |  | 44,050 |  |  | 12,810 |  |  | 19,542 |
Other electric revenues (b) |  | 73,209 |  |  | 55,745 |  |  | 36,390 |  |  | 9,510 |  |  | 13,577 |
Revenues from contracts with customers |  | 544,069 |  |  | 1,229,814 |  |  | 346,963 |  |  | 159,938 |  |  | 431,002 |
Other revenues (c) |  | 6,205 |  |  | 24,765 |  |  | 2,077 |  |  | (177) |  |  | (568) |
Total electric revenues |  | 550,274 |  |  | 1,254,579 |  |  | 349,040 |  |  | 159,761 |  |  | 430,434 |
Natural gas |  | — |  |  | 13,019 |  |  | — |  |  | 18,979 |  |  | — |
Total operating revenues |  | $550,274 |  |  | $1,267,598 |  |  | $349,040 |  |  | $178,740 |  |  | $430,434 |
The Utility operating companies’ total revenues for the six months ended June 30, 2022 and 2021 were as follows:
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $426,995 |  |  | $754,483 |  |  | $296,643 |  |  | $139,141 |  |  | $403,823 |
Commercial |  | 240,469 |  |  | 547,653 |  |  | 228,939 |  |  | 104,373 |  |  | 228,856 |
Industrial |  | 245,483 |  |  | 988,182 |  |  | 82,895 |  |  | 15,490 |  |  | 289,778 |
Governmental |  | 9,598 |  |  | 40,857 |  |  | 24,612 |  |  | 35,211 |  |  | 14,117 |
Total billed retail |  | 922,545 |  |  | 2,331,175 |  |  | 633,089 |  |  | 294,215 |  |  | 936,574 |
Sales for resale (a) |  | 227,167 |  |  | 230,932 |  |  | 65,165 |  |  | 63,365 |  |  | 35,778 |
Other electric revenues (b) |  | 101,392 |  |  | 161,329 |  |  | 51,662 |  |  | 18,836 |  |  | 65,709 |
Revenues from contracts with customers |  | 1,251,104 |  |  | 2,723,436 |  |  | 749,916 |  |  | 376,416 |  |  | 1,038,061 |
Other revenues (c) |  | 4,791 |  |  | 11,743 |  |  | 4,572 |  |  | 2,314 |  |  | (988) |
Total electric revenues |  | 1,255,895 |  |  | 2,735,179 |  |  | 754,488 |  |  | 378,730 |  |  | 1,037,073 |
Natural gas |  | — |  |  | 46,578 |  |  | — |  |  | 73,791 |  |  | — |
Total operating revenues |  | $1,255,895 |  |  | $2,781,757 |  |  | $754,488 |  |  | $452,521 |  |  | $1,037,073 |
2021 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
|  | (In Thousands)
Residential |  | $408,284 |  |  | $676,403 |  |  | $265,097 |  |  | $126,613 |  |  | $346,044 |
Commercial |  | 217,603 |  |  | 487,000 |  |  | 199,580 |  |  | 98,891 |  |  | 198,306 |
Industrial |  | 217,696 |  |  | 822,194 |  |  | 70,524 |  |  | 14,817 |  |  | 229,379 |
Governmental |  | 8,791 |  |  | 40,163 |  |  | 21,416 |  |  | 34,692 |  |  | 13,347 |
Total billed retail |  | 852,374 |  |  | 2,025,760 |  |  | 556,617 |  |  | 275,013 |  |  | 787,076 |
Sales for resale (a) |  | 179,834 |  |  | 154,771 |  |  | 84,360 |  |  | 17,506 |  |  | 93,615 |
Other electric revenues (b) |  | 92,791 |  |  | 99,654 |  |  | 40,341 |  |  | 6,151 |  |  | 31,106 |
Revenues from contracts with customers |  | 1,124,999 |  |  | 2,280,185 |  |  | 681,318 |  |  | 298,670 |  |  | 911,797 |
Other revenues (c) |  | 8,661 |  |  | 54,057 |  |  | 4,341 |  |  | 239 |  |  | (1,143) |
Total electric revenues |  | 1,133,660 |  |  | 2,334,242 |  |  | 685,659 |  |  | 298,909 |  |  | 910,654 |
Natural gas |  | — |  |  | 41,000 |  |  | — |  |  | 49,166 |  |  | — |
Total operating revenues |  | $1,133,660 |  |  | $2,375,242 |  |  | $685,659 |  |  | $348,075 |  |  | $910,654 |
(a)Sales for resale and competitive businesses sales include day-ahead sales of energy in a market administered by an ISO. These sales represent financially binding commitments for the sale of physical energy the next day. These sales are adjusted to actual power generated and delivered in the real time market. Given the short duration of these transactions, Entergy does not consider them to be derivatives subject to fair value adjustments, and includes them as part of customer revenues. (b)Other electric revenues consist primarily of transmission and ancillary services provided to participants of an ISO-administered market and unbilled revenue. (c)Other revenues include the settlement of financial hedges, occasional sales of inventory, alternative revenue programs, provisions for revenue subject to refund, and late fees. Allowance for doubtful accounts The allowance for doubtful accounts reflects Entergy’s best estimate of expected losses on its accounts receivable balances. Due to the essential nature of utility services, Entergy has historically experienced a low rate of default on its accounts receivables. Due to the effect of the COVID-19 pandemic on customer receivables, however, Entergy recorded an increase in 2020 in its allowance for doubtful accounts. The following tables set forth a reconciliation of changes in the allowance for doubtful accounts for the six months ended June 30, 2022 and 2021.
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2021 | $68.6 |  |  | $13.1 |  |  | $29.2 |  |  | $7.2 |  |  | $13.3 |  |  | $5.8 |
Provisions (a) | 11.0 |  |  | 8.2 |  |  | 0.4 |  |  | 0.2 |  |  | 0.9 |  |  | 1.3 |
Write-offs | (75.5) |  |  | (21.8) |  |  | (29.8) |  |  | (7.4) |  |  | (10.4) |  |  | (6.1) |
Recoveries | 21.5 |  |  | 6.7 |  |  | 7.9 |  |  | 2.2 |  |  | 3.1 |  |  | 1.6 |
Balance as of June 30, 2022 | $25.6 |  |  | $6.2 |  |  | $7.7 |  |  | $2.2 |  |  | $6.9 |  |  | $2.6 |
| Entergy |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Millions)
Balance as of December 31, 2020 | $117.7 |  |  | $18.3 |  |  | $45.7 |  |  | $19.5 |  |  | $17.4 |  |  | $16.8 |
Provisions (b) | 25.9 |  |  | 5.5 |  |  | 11.7 |  |  | 1.7 |  |  | 4.6 |  |  | 2.4 |
Write-offs | (39.5) |  |  | (2.8) |  |  | (19.5) |  |  | (8.8) |  |  | (1.1) |  |  | (7.3) |
Recoveries | 5.0 |  |  | 1.4 |  |  | 1.9 |  |  | 1.2 |  |  | 0.2 |  |  | 0.3 |
Balance as of June 30, 2021 | $109.1 |  |  | $22.4 |  |  | $39.8 |  |  | $13.6 |  |  | $21.1 |  |  | $12.2 |
(a)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of ($8.9) million for Entergy, $3.9 million for Entergy Arkansas, ($8.5) million for Entergy Louisiana, ($3.0) million for Entergy New Orleans, and ($1.3) million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. (b)Provisions include estimated incremental bad debt expenses, and revisions to those estimates, resulting from the COVID-19 pandemic of $8.7 million for Entergy, $0.8 million for Entergy Arkansas, $5.9 million for Entergy Louisiana, $0.7 million for Entergy New Orleans, and $1.3 million for Entergy Texas that have been deferred as regulatory assets. See Note 2 to the financial statements herein and in the Form 10-K for discussion of the COVID-19 orders issued by retail regulators. The allowance for currently expected credit losses is calculated as the historical rate of customer write-offs multiplied by the current accounts receivable balance, taking into account the length of time the receivable balances have been outstanding. Although the rate of customer write-offs has historically experienced minimal variation, there were increases in customer write-offs beginning in second quarter 2021 primarily resulting from the effects of the COVID-19 pandemic. Management monitors the current condition of individual customer accounts to manage collections and ensure bad debt expense is recorded in a timely manner.

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