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Retirement And Other Postretirement Benefits | 6 Months Ended
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Jun. 30, 2023
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |
Entergy Arkansas [Member] |
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |
Entergy Louisiana [Member] |
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |
Entergy Mississippi [Member] |
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |
Entergy New Orleans [Member] |
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |
Entergy Texas [Member] |
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |
System Energy [Member] |
Retirement And Other Postretirement Benefits | RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergy’s qualified pension costs, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $25,366 |  |  | $36,977 |
Interest cost on projected benefit obligation | 74,033 |  |  | 52,676 |
Expected return on assets | (95,752) |  |  | (103,085) |
Amortization of net loss | 21,307 |  |  | 56,413 |
Settlement charges | 7,246 |  |  | 22,653 |
Net pension costs | $32,200 |  |  | $65,634 |
Entergy’s qualified pension costs, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $51,044 |  |  | $74,637 |
Interest cost on projected benefit obligation | 149,734 |  |  | 103,795 |
Expected return on assets | (193,885) |  |  | (206,692) |
Amortization of net loss | 43,654 |  |  | 116,992 |
Settlement charges | 145,674 |  |  | 22,653 |
Net pension costs | $196,221 |  |  | $111,385 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $4,661 |  |  | $6,199 |  |  | $1,456 |  |  | $487 |  |  | $1,090 |  |  | $1,445 |
Interest cost on projected benefit obligation |  | 13,917 |  |  | 14,944 |  |  | 3,824 |  |  | 1,669 |  |  | 3,162 |  |  | 3,435 |
Expected return on assets |  | (17,878) |  |  | (18,766) |  |  | (4,635) |  |  | (2,310) |  |  | (4,023) |  |  | (4,501) |
Amortization of net loss |  | 5,763 |  |  | 4,992 |  |  | 1,627 |  |  | 484 |  |  | 1,059 |  |  | 1,274 |
Settlement charges |  | 1,784 |  |  | 2,232 |  |  | 88 |  |  | 7 |  |  | 592 |  |  | 490 |
Net pension cost |  | $8,247 |  |  | $9,601 |  |  | $2,360 |  |  | $337 |  |  | $1,880 |  |  | $2,143 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $6,699 |  |  | $9,007 |  |  | $2,075 |  |  | $752 |  |  | $1,579 |  |  | $2,001 |
Interest cost on projected benefit obligation |  | 9,761 |  |  | 10,684 |  |  | 2,796 |  |  | 1,139 |  |  | 2,272 |  |  | 2,394 |
Expected return on assets |  | (19,031) |  |  | (21,060) |  |  | (5,164) |  |  | (2,515) |  |  | (4,905) |  |  | (4,586) |
Amortization of net loss |  | 12,848 |  |  | 12,302 |  |  | 3,620 |  |  | 1,368 |  |  | 2,439 |  |  | 3,171 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $21,773 |  |  | $15,394 |  |  | $5,535 |  |  | $744 |  |  | $3,851 |  |  | $5,003 |
The Registrant Subsidiaries’ qualified pension costs, including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $9,410 |  |  | $12,479 |  |  | $2,938 |  |  | $978 |  |  | $2,197 |  |  | $2,912 |
Interest cost on projected benefit obligation |  | 28,197 |  |  | 30,323 |  |  | 7,754 |  |  | 3,384 |  |  | 6,404 |  |  | 6,963 |
Expected return on assets |  | (35,954) |  |  | (37,999) |  |  | (9,519) |  |  | (4,577) |  |  | (8,175) |  |  | (9,039) |
Amortization of net loss |  | 12,732 |  |  | 9,956 |  |  | 3,392 |  |  | 997 |  |  | 2,049 |  |  | 2,735 |
Settlement charges |  | 23,958 |  |  | 38,230 |  |  | 11,743 |  |  | 1,700 |  |  | 10,270 |  |  | 5,290 |
Net pension cost |  | $38,343 |  |  | $52,989 |  |  | $16,308 |  |  | $2,482 |  |  | $12,745 |  |  | $8,861 |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $13,557 |  |  | $18,144 |  |  | $4,205 |  |  | $1,504 |  |  | $3,211 |  |  | $4,046 |
Interest cost on projected benefit obligation |  | 19,078 |  |  | 21,183 |  |  | 5,474 |  |  | 2,278 |  |  | 4,447 |  |  | 4,732 |
Expected return on assets |  | (38,278) |  |  | (42,193) |  |  | (10,367) |  |  | (5,030) |  |  | (9,842) |  |  | (9,209) |
Amortization of net loss |  | 26,274 |  |  | 24,899 |  |  | 7,430 |  |  | 2,736 |  |  | 4,994 |  |  | 6,437 |
Settlement charges |  | 11,496 |  |  | 4,461 |  |  | 2,208 |  |  | — |  |  | 2,466 |  |  | 2,023 |
Net pension cost |  | $32,127 |  |  | $26,494 |  |  | $8,950 |  |  | $1,488 |  |  | $5,276 |  |  | $8,029 |
Non-Qualified Net Pension Cost Entergy recognized $8.8 million and $7.2 million in pension cost for its non-qualified pension plans in the second quarters of 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans in the second quarters of 2023 and 2022, respectively, were settlement charges of $4.6 million and $2.5 million related to the payment of lump sum benefits out of the plans. Entergy recognized $18 million and $17.4 million in pension cost for its non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively. Reflected in the pension cost for non-qualified pension plans for the six months ended June 30, 2023 and 2022, respectively, were settlement charges of $9.3 million and $7.8 million related to the payment of lump sum benefits out of the plans. The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the second quarters of 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $63 |  |  | $25 |  |  | $87 |  |  | $33 |  |  | $63 |
2022 | $71 |  |  | $26 |  |  | $79 |  |  | $27 |  |  | $88 |
The Registrant Subsidiaries recognized the following pension cost for their current and former employees for their non-qualified pension plans for the six months ended June 30, 2023 and 2022:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas
| (In Thousands)
2023 | $513 |  |  | $52 |  |  | $639 |  |  | $66 |  |  | $126 |
2022 | $143 |  |  | $53 |  |  | $161 |  |  | $56 |  |  | $303 |
Reflected in Entergy Arkansas’ non-qualified pension costs for the six months ended June 30, 2023 were settlement charges of $379 thousand related to the payment of lump sum benefits out of the plan. Reflected in Entergy Mississippi’s non-qualified pension costs for the six months ended June 30, 2023 and 2022 were settlement charges of $453 thousand and $2 thousand, respectively, related to the payment of lump sum benefits out of the plan. Reflected in Entergy Texas’ non-qualified pension costs for the six months ended June 30, 2022 were settlement charges of $119 thousand related to the payment of lump sum benefits out of the plan. Components of Net Other Postretirement Benefits Cost (Income) Entergy’s other postretirement benefits income, including amounts capitalized, for the second quarters of 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $3,664 |  |  | $6,184 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 10,568 |  |  | 6,827 |
Expected return on assets | (9,183) |  |  | (10,855) |
Amortization of prior service credit | (5,640) |  |  | (6,388) |
Amortization of net (gain) loss | (2,862) |  |  | 1,083 |
Net other postretirement benefits income | ($3,453) |  |  | ($3,149) |
Entergy’s other postretirement benefits income, including amounts capitalized, for the six months ended June 30, 2023 and 2022, included the following components:
| 2023 |  | 2022
| (In Thousands)
Service cost - benefits earned during the period | $7,328 |  |  | $12,368 |
Interest cost on accumulated postretirement benefit obligation (APBO) | 21,136 |  |  | 13,654 |
Expected return on assets | (18,366) |  |  | (21,710) |
Amortization of prior service credit | (11,280) |  |  | (12,776) |
Amortization of net (gain) loss | (5,724) |  |  | 2,166 |
Net other postretirement benefits income | ($6,906) |  |  | ($6,298) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the second quarters of 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $741 |  |  | $845 |  |  | $220 |  |  | $59 |  |  | $202 |  |  | $189 |
Interest cost on APBO |  | 2,001 |  |  | 2,233 |  |  | 543 |  |  | 290 |  |  | 649 |  |  | 432 |
Expected return on assets |  | (3,778) |  |  | — |  |  | (1,179) |  |  | (1,316) |  |  | (2,194) |  |  | (634) |
Amortization of prior service cost (credit) |  | 524 |  |  | (951) |  |  | (239) |  |  | (229) |  |  | (1,093) |  |  | (73) |
Amortization of net (gain) loss |  | 43 |  |  | (1,764) |  |  | 21 |  |  | 117 |  |  | 229 |  |  | — |
Net other postretirement benefits cost (income) |  | ($469) |  |  | $363 |  |  | ($634) |  |  | ($1,079) |  |  | ($2,207) |  |  | ($86) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,114 |  |  | $1,408 |  |  | $339 |  |  | $99 |  |  | $331 |  |  | $310 |
Interest cost on APBO |  | 1,263 |  |  | 1,443 |  |  | 350 |  |  | 174 |  |  | 399 |  |  | 279 |
Expected return on assets |  | (4,483) |  |  | — |  |  | (1,394) |  |  | (1,499) |  |  | (2,568) |  |  | (791) |
Amortization of prior service cost (credit) |  | 471 |  |  | (1,158) |  |  | (443) |  |  | (229) |  |  | (1,093) |  |  | (80) |
Amortization of net (gain) loss |  | 218 |  |  | (186) |  |  | 56 |  |  | (225) |  |  | 162 |  |  | 30 |
Net other postretirement benefits cost (income) |  | ($1,417) |  |  | $1,507 |  |  | ($1,092) |  |  | ($1,680) |  |  | ($2,769) |  |  | ($252) |
The Registrant Subsidiaries’ other postretirement benefits cost (income), including amounts capitalized, for their current and former employees for the six months ended June 30, 2023 and 2022, included the following components:
2023 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $1,482 |  |  | $1,690 |  |  | $440 |  |  | $118 |  |  | $404 |  |  | $378 |
Interest cost on APBO |  | 4,002 |  |  | 4,466 |  |  | 1,086 |  |  | 580 |  |  | 1,298 |  |  | 864 |
Expected return on assets |  | (7,556) |  |  | — |  |  | (2,358) |  |  | (2,632) |  |  | (4,388) |  |  | (1,268) |
Amortization of prior service cost (credit) |  | 1,048 |  |  | (1,902) |  |  | (478) |  |  | (458) |  |  | (2,186) |  |  | (146) |
Amortization of net (gain) loss |  | 86 |  |  | (3,528) |  |  | 42 |  |  | 234 |  |  | 458 |  |  | — |
Net other postretirement benefits cost (income) |  | ($938) |  |  | $726 |  |  | ($1,268) |  |  | ($2,158) |  |  | ($4,414) |  |  | ($172) |
2022 |  | Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
|  | (In Thousands)
Service cost - benefits earned during the period |  | $2,228 |  |  | $2,816 |  |  | $678 |  |  | $198 |  |  | $662 |  |  | $620 |
Interest cost on APBO |  | 2,526 |  |  | 2,886 |  |  | 700 |  |  | 348 |  |  | 798 |  |  | 558 |
Expected return on assets |  | (8,966) |  |  | — |  |  | (2,788) |  |  | (2,998) |  |  | (5,136) |  |  | (1,582) |
Amortization of prior service cost (credit) |  | 942 |  |  | (2,316) |  |  | (886) |  |  | (458) |  |  | (2,186) |  |  | (160) |
Amortization of net (gain) loss |  | 436 |  |  | (372) |  |  | 112 |  |  | (450) |  |  | 324 |  |  | 60 |
Net other postretirement benefits cost (income) |  | ($2,834) |  |  | $3,014 |  |  | ($2,184) |  |  | ($3,360) |  |  | ($5,538) |  |  | ($504) |
Reclassification out of Accumulated Other Comprehensive Income (Loss) Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the second quarters of 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $3,510 |  |  | ($112) |  |  | $3,398 |
Amortization of net gain (loss) |  | (1,104) |  |  | 2,897 |  |  | (160) |  |  | 1,633 |
Settlement loss |  | (310) |  |  | — |  |  | (364) |  |  | (674) |
|  | ($1,414) |  |  | $6,407 |  |  | ($636) |  |  | $4,357 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $951 |  |  | $— |  |  | $951 |
Amortization of net gain (loss) |  | (200) |  |  | 1,764 |  |  | — |  |  | 1,564 |
Settlement loss |  | (89) |  |  | — |  |  | — |  |  | (89) |
|  | ($289) |  |  | $2,715 |  |  | $— |  |  | $2,426 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $4,014 |  |  | ($177) |  |  | $3,837 |
Amortization of net loss |  | (10,035) |  |  | (596) |  |  | (348) |  |  | (10,979) |
Settlement loss |  | (178) |  |  | — |  |  | (367) |  |  | (545) |
|  | ($10,213) |  |  | $3,418 |  |  | ($892) |  |  | ($7,687) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,158 |  |  | $— |  |  | $1,158 |
Amortization of net gain (loss) |  | (493) |  |  | 186 |  |  | (1) |  |  | (308) |
Settlement loss |  | (178) |  |  | — |  |  | (6) |  |  | (178) |
|  | ($671) |  |  | $1,344 |  |  | ($1) |  |  | $672 |
Entergy and Entergy Louisiana reclassified the following costs out of accumulated other comprehensive income (loss) (before taxes and including amounts capitalized) for the six months ended June 30, 2023 and 2022:
2023 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $7,020 |  |  | ($225) |  |  | $6,795 |
Amortization of net gain (loss) |  | (2,144) |  |  | 5,796 |  |  | (357) |  |  | 3,295 |
Settlement loss |  | (6,957) |  |  | — |  |  | (1,533) |  |  | (8,490) |
|  | ($9,101) |  |  | $12,816 |  |  | ($2,115) |  |  | $1,600 |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $1,902 |  |  | $— |  |  | $1,902 |
Amortization of net gain (loss) |  | (398) |  |  | 3,528 |  |  | (1) |  |  | 3,129 |
Settlement loss |  | (1,529) |  |  | — |  |  | — |  |  | (1,529) |
|  | ($1,927) |  |  | $5,430 |  |  | ($1) |  |  | $3,502 |
2022 |  | Qualified Pension Costs |  | Other Postretirement Costs |  | Non-Qualified Pension Costs |  | Total
|  | (In Thousands) |  |
Entergy |  |  |  |  |  |  |  |
Amortization of prior service (cost) credit |  | $— |  |  | $8,028 |  |  | ($354) |  |  | $7,674 |
Amortization of net loss |  | (22,945) |  |  | (1,192) |  |  | (767) |  |  | (24,904) |
Settlement loss |  | (178) |  |  | — |  |  | (1,149) |  |  | (1,327) |
|  | ($23,123) |  |  | $6,836 |  |  | ($2,270) |  |  | ($18,557) |
Entergy Louisiana |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $— |  |  | $2,316 |  |  | $— |  |  | $2,316 |
Amortization of net gain (loss) |  | (997) |  |  | 372 |  |  | (2) |  |  | (627) |
|  | ($1,175) |  |  | $2,688 |  |  | ($2) |  |  | $1,511 |
Accounting for Pension and Other Postretirement Benefits In accordance with ASU No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” the other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations and are presented by Entergy in miscellaneous - net in other income. Qualified Pension Settlement Costs Year-to-date lump sum benefit payments from the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees exceeded the sum of the Plans’ 2023 service and interest cost, resulting in settlement costs. In accordance with accounting standards, settlement accounting requires immediate recognition of the portion of previously unrecognized losses associated with the settled portion of the plan’s pension liability. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy each participate in one or both of the Entergy Corporation Retirement Plan for Bargaining Employees and the Entergy Corporation Retirement Plan for Non-Bargaining Employees and incurred settlement costs. Similar to other pension costs, the settlement costs were included with employee labor costs and charged to expense and capital in the same manner that labor costs were charged. Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans each received regulatory approval to defer the expense portion of the settlement costs, with future amortization of the deferred settlement expense over the period in which the expense otherwise would be recorded had the immediate recognition not occurred. Entergy Texas Reserve In September 2020, Entergy Texas elected to establish a reserve, in accordance with PUCT regulations, for the difference between the amount recorded for pension and other postretirement benefits expense under generally accepted accounting principles during 2019, the first year that rates from Entergy Texas’s last general rate proceeding were in effect, and the annual amount of actuarially determined pension and other postretirement benefits chargeable to Entergy Texas’s expense. The reserve amounts recorded for 2020 and 2021 were included in the base rate case that was filed with the PUCT in July 2022, and amortization of that amount began in 2023 when interim rates became effective. At June 30, 2023, the balance in this reserve was approximately $39.2 million. Employer Contributions Based on current assumptions, Entergy expects to contribute $267 million to its qualified pension plans in 2023. As of June 30, 2023, Entergy had contributed $91.5 million to its pension plans. Based on current assumptions, the Registrant Subsidiaries expect to contribute the following to qualified pension plans for their employees in 2023:
| Entergy Arkansas |  | Entergy Louisiana |  | Entergy Mississippi |  | Entergy New Orleans |  | Entergy Texas |  | System Energy
| (In Thousands)
Expected 2023 pension contributions | $54,468 |  |  | $44,565 |  |  | $21,110 |  |  | $1,420 |  |  | $5,314 |  |  | $15,543 |
Pension contributions made through June 2023 | $18,444 |  |  | $13,518 |  |  | $7,130 |  |  | $355 |  |  | $1,438 |  |  | $5,529 |
Remaining estimated pension contributions to be made in 2023 | $36,024 |  |  | $31,047 |  |  | $13,980 |  |  | $1,065 |  |  | $3,876 |  |  | $10,014 |

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