As filed with the Securities and Exchange Commission on September 20, 2010
Registration Nos. 333-169315, 333-169315-01, 333-169315-02, 333-169315-03
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
|
|
|
Registrant, State of Incorporation or Organization,
|
|
Registrant, State of Incorporation or Organization,
|
Address of Principal Executive Offices, Telephone
|
|
Address of Principal Executive Offices, Telephone
|
Number, and IRS Employer Identification No.
|
|
Number, and IRS Employer Identification No.
|
|
|
|
ENTERGY CORPORATION
|
|
ENTERGY ARKANSAS, INC.
|
(a Delaware corporation)
|
|
(an Arkansas corporation)
|
639 Loyola Avenue
|
|
425 West Capitol Avenue
|
New Orleans, Louisiana 70113
|
|
Little Rock, Arkansas 72201
|
Telephone (504) 576-4000
|
|
Telephone (501) 377-4000
|
72-1229752
|
|
71-0005900
|
|
|
|
ENTERGY GULF STATES LOUISIANA, L.L.C.
|
|
ENTERGY LOUISIANA, LLC
|
(a Louisiana limited liability company)
|
|
(a Texas limited liability company)
|
446 North Boulevard
|
|
446 North Boulevard
|
Baton Rouge, Louisiana 70802
|
|
Baton Rouge, Louisiana 70802
|
Telephone (800) 368-3749
|
|
Telephone (800) 368-3749
|
74-0662730
|
|
75-3206126
|
|
|
|
|
|
DAWN A. ABUSO, ESQ.
|
|
THEODORE H. BUNTING, JR.
|
|
JOHN T. HOOD, ESQ.
|
MARK G. OTTS, ESQ.
|
|
|
|
|
Senior CounselCorporate and
|
|
Senior Vice President and
|
|
Partner
|
Securities
|
|
Chief Accounting Officer
|
|
|
Entergy Services, Inc.
|
|
Entergy Corporation
|
|
Morgan, Lewis & Bockius LLP
|
639 Loyola Avenue
|
|
639 Loyola Avenue
|
|
101 Park Avenue
|
New Orleans, Louisiana 70113
|
|
New Orleans, Louisiana 70113
|
|
New York, New York 10178
|
(504)576-6755 Ms. Abuso
|
|
(504) 576-2517
|
|
(212) 309-6281
|
(504) 576-5228 Mr. Otts
|
|
|
|
|
(Names, addresses, including zip codes, and telephone numbers, including area codes, of agents for service)
Approximate date of commencement of proposed sale to the public: From time to time after the
effective date of the Registration Statement as determined by market conditions and other
factors.
If the only securities being registered on this Form are being offered pursuant to dividend or
interest reinvestment plans, please check the following box.
o
If any of the securities being registered on this Form are to be offered on a delayed or continuous
basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in
connection with dividend or interest reinvestment plans, check the following
box.
þ
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b)
under the Securities Act, please check the following box and list the Securities Act registration
statement number of the earlier effective registration statement for the same offering.
o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act,
check the following box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering.
o
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective
amendment thereto that shall become effective upon filing with the Commission pursuant to Rule
462(e) under the Securities Act, check the following box.
þ
If this Form is a post-effective amendment to a registration statement filed pursuant to General
Instruction I.D. filed to register additional securities or additional classes of securities
pursuant to Rule 413(b) under the Securities Act, check the following box.
þ
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated
filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
|
|
|
|
|
|
|
|
|
|
|
Large
|
|
|
|
|
|
Smaller
|
|
|
Accelerated
|
|
Accelerated
|
|
Non-Accelerated
|
|
Reporting
|
|
|
Filer
|
|
Filer
|
|
Filer
|
|
Company
|
Entergy Corporation
|
|
þ
|
|
|
|
|
|
|
Entergy Arkansas, Inc.
|
|
|
|
|
|
þ
|
|
|
Entergy Gulf States Louisiana, L.L.C.
|
|
|
|
|
|
þ
|
|
|
Entergy Louisiana, LLC
|
|
|
|
|
|
þ
|
|
|
CALCULATION OF REGISTRATION FEE
|
|
|
|
|
|
|
|
|
|
|
Amount to be registered
|
|
|
|
|
|
Proposed maximum offering price per security
|
|
|
Title of each class of
|
|
|
Proposed maximum aggregate offering price
|
|
|
securities to be registered
|
|
|
Amount of registration fee
|
|
|
Entergy Corporation:
|
|
|
|
|
|
Debt Securities
|
|
|
|
|
|
|
|
|
|
|
|
Entergy Arkansas, Inc.:
|
|
|
(1)
|
|
|
First Mortgage Bonds
|
|
|
|
|
|
|
|
|
|
|
|
Entergy Gulf States Louisiana, L.L.C.:
|
|
|
|
|
|
First Mortgage Bonds
|
|
|
|
|
|
|
|
|
|
|
|
Entergy Louisiana, LLC:
|
|
|
|
|
|
First Mortgage Bonds
|
|
|
|
|
|
|
|
|
(1)
|
|
An indeterminate aggregate offering price of the securities of each
identified class is being registered as may from time to time be offered and sold at
indeterminate prices. In accordance with Rules 456(b) and 457(r) under the Securities
Act of 1933, the Registrants are deferring payment of all of the registration fee,
except for (i) $16,740 of fees paid with respect to the unsold portion of securities
initially registered by Entergy Arkansas, Inc. pursuant to Registration Statement No.
333-159157, initially filed by Entergy Arkansas, Inc. on May 12, 2009, and $4,660 of
fees paid with respect to a portion of the unsold portion of securities initially
registered by Entergy Arkansas, Inc. pursuant to
Registration Statement No. 333-132653, initially filed by Entergy Arkansas, Inc. on
March 23, 2006, for an aggregate of $21,400 of fees paid by Entergy Arkansas, Inc.,
(ii) $3,930 of fees paid with respect to the unsold portion of securities initially
registered by Entergy Gulf States Louisiana, L.L.C. pursuant to Registration Statement
No. 333-156435, initially filed by Entergy Gulf States Louisiana, L.L.C. on December
23, 2008, and (iii) $19,530 of fees paid with respect to the unsold portion of
securities initially registered by Entergy Louisiana, LLC pursuant to Registration
Statement No. 333-159158, initially filed by Entergy Louisiana, LLC on May 12, 2009,
which unused filing fees may be offset against future filing fees due pursuant to Rule
457(p). The unsold securities associated with such unused filing fees are hereby
deregistered.
|
TABLE OF CONTENTS
EXPLANATORY NOTE
This Post-Effective Amendment No. 1 (this Post-Effective Amendment No. 1) to the
Registration Statement on Form S-3 initially filed on September 10, 2010 by Entergy Corporation
(Registration Statement No. 333-169315 and as amended by this Post-Effective Amendment No. 1, the
Registration Statement) is being filed to (i) add Entergy Arkansas, Inc. (EAI), an Arkansas
corporation and majority-owned subsidiary of Entergy Corporation, as an additional registrant and
file a prospectus with respect to the securities to be issued from time to time by EAI; (ii) add
Entergy Gulf States Louisiana, L.L.C. (EGSL), a Louisiana limited liability company and
majority-owned subsidiary of Entergy Corporation, as an additional registrant and file a prospectus
with respect to the securities to be issued from time to time by EGSL; (iii) add Entergy Louisiana,
LLC (ELL), a Texas limited liability company and majority-owned subsidiary of Entergy
Corporation, as an additional registrant and file a prospectus with respect to the securities to be
issued from time to time by ELL; (iv) update the information provided in Part II of the
Registration Statement related to the additional registrants; and (v) file additional exhibits to
the Registration Statement. No changes are being made hereby to the existing prospectus relating
to the securities to be issued from time to time by Entergy Corporation which remains a part of the
Registration Statement. Accordingly, such existing prospectus is not included in this
Post-Effective Amendment No. 1. Pursuant to Rule 462(e) under the Securities Act of 1933, this
Post-Effective Amendment No. 1 shall become effective immediately upon filing with the Securities
and Exchange Commission.
This Post-Effective Amendment No. 1 contains three forms of prospectuses, the first of which
is to be used in connection with offerings of the securities referenced in clause (1) below, the
second of which is to be used in connection with offerings of the securities referenced in clause
(2) below, and the third of which is to be used in connection with offerings of the securities
referenced in clause (3) below:
(1) the first mortgage bonds of EAI registered pursuant to this Post-Effective Amendment No.
1;
(2) the first mortgage bonds of EGSL registered pursuant to this Post-Effective Amendment
No. 1; and
(3) the first mortgage bonds of ELL registered pursuant to this Post-Effective Amendment No.
1.
Each offering of securities made by EAI, EGSL and ELL under the Registration Statement will be
made pursuant to one of these prospectuses, with the specific terms of the securities offered
thereby set forth in an accompanying prospectus supplement. Each offering of securities made by
Entergy Corporation under the Registration Statement will be made pursuant to the existing
prospectus relating to the securities to be issued from time to time by Entergy Corporation,
initially filed with Registration Statement No. 333-169315.
The Registration Statement is separately filed by Entergy Corporation, EAI, EGSL and ELL on a
combined basis. As to each registrant, the Registration Statement consists solely of the
prospectus of such registrant (including the documents incorporated therein by reference) and the
information set forth in Part II of the Registration Statement that is applicable to such
registrant. No registrant makes any representation as to the information relating to the other
registrants, except to the extent that such information is included in the portion of the
Registration Statement relating to such registrant.
PROSPECTUS
FIRST MORTGAGE BONDS
ENTERGY ARKANSAS, INC.
425 West Capitol Avenue
Little Rock, Arkansas 72201
(501) 377-4000
We -
|
|
|
may periodically offer our first mortgage bonds in one or more series; and
|
|
|
|
|
will determine the price and other terms of each series of first
mortgage bonds when sold, including whether any series will be subject to
redemption prior to maturity.
|
The First Mortgage Bonds -
|
|
|
will be secured by a mortgage that constitutes a first mortgage lien on
substantially all of our property; and
|
|
|
|
|
will not be listed on a national securities exchange unless otherwise
indicated in the accompanying prospectus supplement.
|
You -
|
|
|
will receive interest payments in the amounts and on the dates specified
in an accompanying prospectus supplement.
|
This prospectus may be used to offer and sell series of first mortgage bonds only if accompanied by
the prospectus supplement for that series. We will provide the specific information for those
offerings and the specific terms of these first mortgage bonds, including their offering prices,
interest rates and maturities, in supplements to this prospectus. The supplements may also add,
update or change the information in this prospectus. You should read this prospectus and any
supplements carefully before you invest.
Investing in the first mortgage bonds offered by this prospectus involves risks. See Risk Factors
on page 2.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
We may offer the first mortgage bonds directly or through underwriters, agents or dealers. Each
prospectus supplement will provide the terms of the plan of distribution for the related series of
first mortgage bonds.
The date of this prospectus is September 20, 2010.
RISK FACTORS
Investing in the first mortgage bonds involves certain risks. In considering whether to purchase
the first mortgage bonds being offered (the New Bonds), you should carefully consider the
information we have included or incorporated by reference in this prospectus. In particular, you
should carefully consider the information under the heading Risk Factors as well as the factors
listed under the heading Forward-Looking Information, in each case, contained in our Annual
Report on Form 10-K for the year ended December 31, 2009, and our Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2010 and June 30, 2010, each of which is incorporated by reference
herein.
ABOUT THIS PROSPECTUS
This prospectus is part of an automatic shelf registration statement that we filed with the United
States Securities and Exchange Commission (the SEC) as a majority-owned subsidiary of Entergy
Corporation, which is a well-known seasoned issuer, as defined in Rule 405 under the Securities
Act of 1933 (the Securities Act). By utilizing a shelf registration statement, we may sell, at
any time and from time to time, in one or more offerings, the New Bonds described in this
prospectus. This prospectus provides a general description of the New Bonds being offered. Each
time we sell a series of New Bonds we will provide a prospectus supplement containing specific
information about the terms of that series of New Bonds and the related offering. It is important
for you to consider the information contained in this prospectus, the related prospectus supplement
and the exhibits to the registration statement, together with the additional information referenced
under the heading Where You Can Find More Information in making your investment decision.
For more detailed information about the New Bonds, you can read the exhibits to the registration
statement. Those exhibits have been either filed with the registration statement or incorporated by
reference to earlier SEC filings listed in the registration statement.
ENTERGY ARKANSAS, INC.
We are a corporation organized under the laws of the State of Arkansas. Our principal executive
offices are located at 425 West Capitol Avenue, Little Rock, Arkansas 72201. Our telephone number
is 1-501-377-4000. We are an electric public utility company providing service to approximately
689,000 customers in the State of Arkansas. We also provide retail electric service to a small
number of customers in Tennessee.
We are owned by Entergy Corporation. The other major public utilities owned, directly or
indirectly, by Entergy Corporation are Entergy Gulf States Louisiana, L.L.C., Entergy Louisiana,
LLC, Entergy Mississippi, Inc., Entergy New Orleans, Inc. and Entergy Texas, Inc. Entergy
Corporation also owns all of the common stock of System Energy Resources, Inc., the principal asset
of which is its interest in the Grand Gulf Electric Generating Station (Grand Gulf), and Entergy
Operations, Inc., a nuclear management services company.
2
Capacity and energy from Grand Gulf are allocated among Entergy Louisiana, LLC, Entergy
Mississippi, Inc., Entergy New Orleans, Inc. and us under a unit power sales agreement. Our
allocated share of Grand Gulfs capacity and energy, together with related costs is 36%. Payments
we make under the unit power sales agreement are generally recovered through rates set by the
Arkansas Public Service Commission and the Tennessee Regulatory Authority, which regulate our
electric service, rates and charges. We are also subject to regulation by the Federal Energy
Regulatory Commission.
Together with Entergy Louisiana Properties, LLC, Entergy Mississippi, Inc., and Entergy New
Orleans, Inc., we own all of the capital stock of System Fuels, Inc. System Fuels, Inc. is a
special purpose company which implements and maintains certain programs for the purchase, delivery
and storage of fuel supplies for Entergy Corporations utility subsidiaries.
The information above is only a summary and is not complete. You should read the incorporated
documents listed under the heading Where You Can Find More Information for more specific
information concerning our business and affairs, including significant contingencies, significant
factors and known trends, our general capital requirements, our financing plans and capabilities,
and pending legal and regulatory proceedings, including the status of industry restructuring in our
service areas.
WHERE YOU CAN FIND MORE INFORMATION
We are subject to the informational requirements of the Securities Exchange Act of 1934 (the
Exchange Act), and therefore are required to file annual, quarterly and current reports, proxy
statements and other information with the SEC. Our filings are available to the public on the
Internet at the SECs website located at (
http://www.sec.gov
). You may read and copy any document
that we file with the SEC at the SEC public reference room located at:
100 F Street, N.E.
Room 1580
Washington, D.C. 20549-1004.
Call the SEC at 1-800-732-0330 for more information about the public reference room and how to
request documents.
The SEC allows us to incorporate by reference the information filed by us with the SEC, which
means we can refer you to important information without restating it in this prospectus. The
information incorporated by reference is an important part of this prospectus, and information that
we file later with the SEC will automatically update and supersede this information. We incorporate
by reference the documents listed below, along with any future filings that we make with the SEC
under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus and
until the offerings contemplated by this prospectus are completed or terminated:
|
1.
|
|
our annual report on Form 10-K for the year ended December 31, 2009;
|
|
|
2.
|
|
our quarterly reports on Form 10-Q for the quarters ended March 31, 2010 and
June 30, 2010; and
|
3
|
3.
|
|
our current reports on Form 8-K dated June 14, 2010 (filed June 18, 2010),
August 18, 2010 (filed August 18, 2010) and August 18, 2010 (filed August 24, 2010).
|
You may access a copy of any or all of these filings, free of charge, at our web site, which is
located at
http:// www.entergy.com
, or by writing or calling us at the following address:
Ms. Dawn A. Abuso
Assistant Secretary
Entergy Arkansas, Inc.
639 Loyola Avenue
New Orleans, Louisiana 70113
(504) 576-6755
You may also direct your requests via e-mail to dabuso@entergy.com. We do not intend our Internet
address to be an active link or to otherwise incorporate the contents of the website into this
prospectus or any accompanying prospectus supplement.
You should rely only on the information incorporated by reference or provided in this prospectus or
any accompanying prospectus supplement. We have not, nor have any underwriters, dealers or agents,
authorized anyone else to provide you with different information about us or the New Bonds. We are
not, nor are any underwriters, dealers or agents, making an offer of the New Bonds in any
jurisdiction where the offer is not permitted. You should not assume that the information in this
prospectus or any accompanying prospectus supplement is accurate as of any date other than the date
on the front of those documents or that the documents incorporated by reference in this prospectus
or any accompanying prospectus supplement are accurate as of any date other than the date those
documents were filed with the SEC. Our business, financial condition, results of operations and
prospects may have changed since these dates.
RATIO OF EARNINGS TO FIXED CHARGES
We have calculated ratios of earnings to fixed charges pursuant to Item 503 of Regulation S-K of
the SEC as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Twelve Months Ended
|
June 30,
|
|
June 30,
|
|
December 31,
|
|
2010
|
|
|
|
2009
|
|
|
|
2009
|
|
|
|
2008
|
|
|
|
2007
|
|
|
|
2006
|
|
|
|
2005
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.33
|
|
|
|
2.39
|
|
|
|
2.39
|
|
|
|
2.33
|
|
|
|
3.19
|
|
|
|
3.37
|
|
|
|
3.75
|
|
Earnings represent the aggregate of (1) income before the cumulative effect of an accounting
change, (2) taxes based on income, (3) investment tax credit adjustments-net and (4) fixed charges.
Fixed Charges include interest (whether expensed or capitalized), related amortization and
estimated interest applicable to rentals charged to operating expenses. We accrue interest expense
related to unrecognized tax benefits in income tax expense and do not include it in fixed charges.
4
USE OF PROCEEDS
Except as otherwise described in a prospectus supplement, the net proceeds from the offering of the
New Bonds will be used either (a) to repurchase or redeem one or more series of our outstanding
securities on their stated due dates or in some cases prior to their stated due dates or (b) for
other general corporate purposes. The specific purposes for the proceeds of a particular series of
New Bonds or the specific securities, if any, to be acquired or redeemed with the proceeds of a
particular series of New Bonds will be described in the prospectus supplement relating to that
series.
DESCRIPTION OF THE NEW BONDS
General
We will issue the New Bonds offered by this prospectus from time to time in one or more series
under one or more separate supplemental indentures to the Mortgage and Deed of Trust dated as of
October 1, 1944, with Deutsche Bank Trust Company Americas, successor corporate trustee, Stanley
Burg, successor co-trustee, and, as to property in Missouri, The Bank of New York Mellon Trust
Company, N.A., successor co-trustee, and together referred to in this prospectus as trustees.
This Mortgage and Deed of Trust, as amended and supplemented, is referred to in this prospectus as
the mortgage. All first mortgage bonds issued or to be issued under the mortgage, including the
New Bonds offered by this prospectus, are referred to herein as bonds.
The statements in this prospectus and any accompanying prospectus supplement concerning the New
Bonds and the mortgage are not comprehensive and are subject to the detailed provisions of the
mortgage. The mortgage and a form of supplemental indenture are filed as exhibits to the
registration statement of which this prospectus forms a part. You should read these documents for
provisions that may be important to you. The mortgage has been qualified under the Trust Indenture
Act of 1939. You should refer to the Trust Indenture Act of 1939 for provisions that apply to the
New Bonds. Wherever particular provisions or defined terms in the mortgage are referred to under
this heading Description of the New Bonds, those provisions or defined terms are incorporated by
reference in this prospectus.
Terms of Specific Series of the New Bonds
The prospectus supplement relating to each series of New Bonds offered by this prospectus will
include a description of the specific terms relating to the offering of that series. These terms
will include any of the following terms that apply to that series:
1.
|
|
the designation, or name, of the series of New Bonds;
|
|
2.
|
|
the aggregate principal amount of the series;
|
|
3.
|
|
the offering price of the series;
|
|
4.
|
|
the date on which the series will mature;
|
|
5.
|
|
the rate or method for determining the rate at which the series will bear interest;
|
|
6.
|
|
the date from which interest on the series accrues;
|
|
7.
|
|
the dates on which interest on the series will be payable;
|
5
8.
|
|
the prices and the other terms and conditions, if any, upon which we may redeem the series
prior to maturity;
|
|
9.
|
|
the applicability of the dividend covenant described below to the series;
|
|
10.
|
|
the terms of an insurance policy, if any, that will be provided for the payment of the
principal of and/or interest on the series;
|
|
11.
|
|
the rights, if any, of a holder to elect repayment; and
|
|
12.
|
|
any other terms of the series not inconsistent with the provisions of the mortgage.
|
As of June 30, 2010, we had approximately $1,100 million principal amount of bonds outstanding.
Payment
The New Bonds and interest thereon will be paid in any coin or currency of the United States of
America that at the time of payment is legal tender at the corporate trust office of the corporate
trustee in the Borough of Manhattan, City and State of New York. See -Book-Entry Only Securities
for additional information relating to payment on the New Bonds.
Sinking or Improvement Fund
The mortgage provides that each series of bonds may be subject to annual sinking or improvement
fund payments. This amount is stated as 1% per year of the greatest amount for each of these series
outstanding prior to the beginning of the year, less certain retired bonds. Any series of New Bonds
that we issue under this prospectus will not be entitled to these sinking or improvement fund
requirements.
Redemption and Retirement
General
The prospectus supplement for a particular series of New Bonds offered by this prospectus will
contain the prices and other terms and conditions, if any, for redemption of that series prior to
maturity.
Special Retirement Provisions
If, during any 12-month period, we dispose of mortgaged property by order of or to any governmental
authority, resulting in the receipt of $10,000,000 or more as proceeds, we, subject to certain
conditions, must apply such proceeds, less certain deductions, to the retirement of outstanding
bonds. If this occurs, we may redeem the outstanding bonds of any series that are redeemable before
maturity by the application of cash deposited for this purpose at the redemption prices applicable
to those bonds.
We have reserved the right to amend the mortgage without any consent or other action of the holders
of any series of bonds created after January 31, 1979 to eliminate these special redemption
provisions. Since all of the bonds issued on or prior to January 31, 1979 have
6
matured or have been
redeemed and are no longer outstanding under the mortgage, we may exercise this right to so amend
the mortgage at any time.
Form and Exchange
The New Bonds will be fully-registered bonds without coupons. See -Book-Entry Only Securities.
The New Bonds will be exchangeable for other New Bonds of the same series in equal aggregate
principal amounts.
Security
The New Bonds, together with all other bonds outstanding now or in the future under the mortgage,
will be secured, equally and ratably, by the mortgage. The mortgage constitutes a first mortgage
lien on substantially all of our property subject to bankruptcy law and:
1.
|
|
leases of minor portions of our property to others for uses which do not interfere with our
business;
|
|
2.
|
|
leases of certain of our property that we do not use in our business; and
|
|
3.
|
|
excepted encumbrances.
|
The mortgage does not create a lien on the following excepted property:
1.
|
|
cash and securities;
|
|
2.
|
|
certain equipment, materials and supplies;
|
|
3.
|
|
automobiles and other vehicles and aircraft, timber, minerals, mineral rights and royalties;
|
|
4.
|
|
receivables, contracts, leases and operating agreements; and
|
|
5.
|
|
certain unimproved lands sold or to be sold.
|
The mortgage contains provisions that impose the lien of the mortgage on property that we acquire
after the date of the mortgage, other than the excepted property, subject to pre-existing liens.
However, if we consolidate or merge with, or sell substantially all of our mortgaged property to, a
successor, the lien created by the mortgage will generally not cover the property of the successor,
other than the property it acquires from us and improvements, replacements and additions to that
property.
We have reserved the right to amend the mortgage without the consent or other action of the holders
of any of the bonds created after February 29, 1996, to provide that, if we sell substantially all
of our mortgaged property to a successor, the successor will assume all of our obligations and
covenants under the mortgage and the outstanding bonds and we may be released and discharged from
such obligations and covenants.
The mortgage also provides that the trustees have a lien on the mortgaged property to ensure the
payment of their reasonable compensation, expenses and disbursements and for indemnity against
certain liabilities. This lien takes priority over the lien securing the New Bonds.
7
The mortgage also contains restrictions on the issuance of debt secured by a prior lien on the
mortgaged property (qualified lien bonds).
Issuance of Additional Bonds
The maximum principal amount of bonds that may be issued under the mortgage is unlimited, subject
to property additions, earnings and other limitations of the mortgage. Bonds of any series may be
issued from time to time on the following bases:
1.
|
|
60% of the cost or fair value, whichever is less, of unfunded property additions after
adjustments to offset retirements;
|
|
2.
|
|
retirements of bonds or qualified lien bonds; or
|
|
3.
|
|
deposit of cash with the trustees.
|
Property additions generally include, among other things, electric, gas, steam or hot water
property acquired after June 30, 1944. Securities, automobiles or other vehicles or aircraft, or
property used principally for the production or gathering of natural gas, are not included as
property additions.
As of June 30, 2010, we could have issued approximately $608 million principal amount of additional
bonds on the basis of property additions and approximately $796 million principal amount of bonds
on the basis of retired bonds.
When bonds are issued on the basis of property additions as described in clause (1) above, cash as
described in clause (3) above or, with certain exceptions, retired bonds as described in clause (2)
above, the issuance must meet an earnings test. The adjusted net earnings, before interest and
income taxes, for 12 consecutive months of the preceding 15 months must be at least twice the
annual interest requirements on all bonds outstanding at the time, plus the bonds to be issued,
plus all indebtedness, if any, of prior rank. The adjusted net earnings are calculated with a
deduction of $5,800,000 plus 2% of net additions to mortgaged property in lieu of actual
retirements of mortgaged property. Based upon the results of our operations for the twelve months
ended June 30, 2010, if we were to make an application for authentication and delivery of bonds as
of the date of this prospectus, solely based on the earnings coverage test (and, therefore, not
taking into account the property additions and retired bond issuance limitations), we could issue
approximately $2,017 million in principal amount of bonds, in addition to the amount of bonds then
outstanding (assuming an interest rate of 4% for additional bonds). Such amount will be affected by
the issuance of the New Bonds and the retirement of existing bonds with the proceeds of the New
Bonds and by subsequent net earnings. New Bonds in a greater amount may also be issued for the
refunding of outstanding bonds.
We have reserved the right to amend the mortgage without the consent or other action of the holders
of any of the bonds created after February 29, 1996, and the provisions discussed in the foregoing
paragraphs describing the issuance of bonds on the basis of property additions as follows:
1.
|
|
to permit the issuance of bonds on the basis of 80% of the cost or fair value, whichever is
less, of unfunded property additions after adjustments to offset retirements; and
|
8
2.
|
|
to modify the net earnings test
|
|
a.
|
|
to provide that the period over which we will calculate net earnings will be 12
consecutive months of the preceding 18 months;
|
|
|
b.
|
|
to specifically permit the inclusion in net earnings of revenues collected
subject to possible refund and allowances for funds used during construction; and
|
|
|
c.
|
|
to provide for no deduction for non-recurring charges.
|
We have also reserved the right to amend the mortgage without any consent or other action of the
holders of any of the bonds created after June 30, 1978 to make any form of space satellites
including solar power satellites, space stations and other analogous facilities available as
property additions. Since all of the bonds issued on or prior to June 30, 1978 have matured or have
been redeemed and are no longer outstanding under the mortgage, we may exercise this right to amend
the mortgage at any time.
Other than the security afforded by the lien of the mortgage and restrictions on the issuance of
additional bonds described above, there are no provisions of the mortgage that grant the holders of
the bonds protection in the event of a highly leveraged transaction involving us.
Release and Substitution of Property
We may release property from the lien of the mortgage, without applying an earnings test, on the
following bases:
1.
|
|
the deposit of cash or, to a limited extent, purchase money mortgages;
|
|
2.
|
|
property additions, after adjustments in certain cases to offset retirements and after making
adjustments for qualified lien bonds, if any, outstanding against property additions; and
|
|
3.
|
|
a waiver of the right to issue bonds on the basis of retired bonds.
|
We can withdraw cash upon the bases stated in clause (2) and/or (3) above without applying an
earnings test.
The mortgage also contains special provisions with respect to qualified lien bonds pledged and the
disposition of moneys received on pledged prior lien bonds.
We have reserved the right to amend the mortgage without the consent or other action of the holders
of any of the bonds created after February 29, 1996 to permit release or substitution of property
from the lien of the mortgage on the following bases:
1.
|
|
mortgaged property may be released in an amount equal to the principal amount of all the
retired bonds we elected to use for the release times the bonding ratio in effect at the time
the bonds were issued;
|
|
2.
|
|
unfunded property may be released so long as we have at least one dollar in unfunded property
additions;
|
|
3.
|
|
existing limitations on the amount of obligations secured by purchase money mortgages upon
property released will be eliminated such that the property can be released; and
|
9
4.
|
|
Funded Property shall mean property specified by us with a fair value determined by an
independent expert not less than 10/8ths of the sum of the amount of the outstanding bonds and
retired bonds.
|
Dividend Covenant
The terms of certain of our outstanding series of bonds include our covenant to restrict our
payment of cash dividends on our common stock in certain circumstances. Any dividend covenant
applicable to a series of New Bonds will be described in the prospectus supplement relating to that
series of New Bonds. There is no assurance that the terms of future dividend covenants, if any,
will be the same as those applicable to our outstanding bonds.
Modification
Your rights as a bondholder may be modified with the consent of the holders of 66 2/3% of the
outstanding bonds, and, if less than all series of bonds are affected, the consent also of holders
of 66 2/3% of the outstanding bonds of each series affected. In general, no modification of the
terms:
1.
|
|
of payment of principal or interest;
|
|
2.
|
|
of obligations for special retirement due to the order of a governmental authority (see
however, Redemption and RetirementSpecial Retirement Provisions above relating to a
reservation of the right to amend this provision);
|
|
3.
|
|
affecting the lien of the mortgage; or
|
|
4.
|
|
reducing the percentage required for modification,
|
is effective against any bondholder without that bondholders consent.
We have reserved the right to amend the mortgage without the consent or action of any of the
holders of bonds created after February 29, 1996:
1.
|
|
to reduce the percentage vote required to modify certain rights of the holders of the bonds
to a majority of the holders of all outstanding bonds, considered as one class;
|
|
2.
|
|
to provide that if a proposed change affects less than all series of outstanding bonds, then
only the consent of a majority of the bonds of each series affected, considered as one class,
is required to make this change; and
|
|
3.
|
|
to permit us to amend the mortgage without the consent of the holders of bonds to make
changes which do not adversely affect the interests of the holders in any material respect.
|
Defaults
Defaults under the mortgage include:
1.
|
|
default in the payment of principal;
|
|
2.
|
|
default for 60 days in the payment of interest or installments of funds for the retirement of
bonds;
|
|
3.
|
|
certain events of bankruptcy, insolvency or reorganization;
|
10
4.
|
|
defaults with respect to qualified lien bonds; and
|
|
5.
|
|
default in other covenants for 90 days after notice.
|
The trustees may withhold notice of default, except in payment of principal, interest or funds for
purchase or redemption of bonds, if they in good faith determine it is in the interests of the
holders of the bonds.
The corporate trustee or the holders of 25% of the bonds may declare the principal and interest due
and payable on default. However, a majority of the holders may annul such declaration if the
default has been cured. No holder of bonds may enforce the lien of the mortgage without giving the
trustees written notice of a default and unless
1.
|
|
the holders of 25% of the bonds have requested the trustees in writing to act and offered
them reasonable opportunity to act and indemnity satisfactory to them against the costs,
expenses and liabilities to be incurred thereby; and
|
|
2.
|
|
the trustees shall have failed to act.
|
The holders of a majority of the bonds may direct the time, method and place of conducting any
proceedings for any remedy available to the trustees or exercising any trust or power conferred
upon the trustees.
We are required to file an annual certificate with the trustees as to compliance with the
provisions of the mortgage and as to the absence of a default with respect to any of the covenants
in the mortgage.
Satisfaction and Discharge of Mortgage
The mortgage may be satisfied and discharged if and when we provide for the payment of all of the
bonds and all other sums due under the mortgage.
Book-Entry Only Securities
Unless otherwise specified in the applicable prospectus supplement, the New Bonds will trade
through The Depository Trust Company (DTC). Each series of New Bonds will be represented by one
or more global certificates and registered in the name of Cede & Co., DTCs nominee. Upon issuance
of the global certificates, DTC or its nominee will credit, on its book-entry registration and
transfer system, the principal amount of the New Bonds represented by such global certificates to
the accounts of institutions that have an account with DTC or its participants. The accounts to be
credited shall be designated by the underwriters. Ownership of beneficial interests in the global
certificates will be limited to participants or persons that may hold interests through
participants. The global certificates will be deposited with the trustee as custodian for DTC.
DTC is a New York clearing corporation and a clearing agency registered under Section 17A of the
Exchange Act. DTC holds securities for its participants. DTC also facilitates the post-trade
settlement of securities transactions among its participants through electronic computerized
book-entry transfers and pledges in the participants accounts. This eliminates the need for
11
physical movement of securities certificates. The participants include securities brokers and
dealers, banks, trust companies, clearing corporations and certain other organizations. DTC is a
wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). DTCC is the
holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing
Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its
regulated subsidiaries. Others who maintain a custodial relationship with a participant can use
the DTC system. The rules that apply to DTC and those using its systems are on file with the SEC.
Purchases of the New Bonds within the DTC system must be made through participants, who will
receive a credit for the New Bonds on DTCs records. The beneficial ownership interest of each
purchaser will be recorded on the appropriate participants records. Beneficial owners will not
receive written confirmation from DTC of their purchases, but beneficial owners should receive
written confirmations of the transactions, as well as periodic statements of their holdings, from
the participants through whom they purchased New Bonds. Transfers of ownership in the New Bonds
are to be accomplished by entries made on the books of the participants acting on behalf of
beneficial owners. Beneficial owners will not receive certificates for their New Bonds of a
series, except if use of the book-entry system for the New Bonds of that series is discontinued.
To facilitate subsequent transfers, all New Bonds deposited by participants with DTC are registered
in the name of DTCs nominee, Cede & Co. The deposit of the New Bonds with DTC and their
registration in the name of Cede & Co. effects no change in beneficial ownership. DTC has no
knowledge of the actual beneficial owners of the New Bonds. DTCs records reflect only the
identity of the participants to whose accounts such New Bonds are credited. These participants may
or may not be the beneficial owners. Participants will remain responsible for keeping account of
their holdings on behalf of their customers.
Conveyance of notices and other communications by DTC to participants, and by participants to
beneficial owners, will be governed by arrangements among them, subject to any statutory or
regulatory requirements as may be in effect from time to time. Beneficial owners of New Bonds may
wish to take certain steps to augment transmission to them of notices of significant events with
respect to the New Bonds, such as redemptions, tenders, defaults and proposed amendments to the
mortgage. Beneficial owners of the New Bonds may wish to ascertain that the nominee holding the
New Bonds has agreed to obtain and transmit notices to the beneficial owners.
Redemption notices will be sent to Cede & Co., as registered holder of the New Bonds. If less than
all of the New Bonds of a series are being redeemed, DTCs practice is to determine by lot the
amount of New Bonds of such series held by each participant to be redeemed.
Neither DTC nor Cede & Co. will itself consent or vote with respect to New Bonds, unless authorized
by a participant in accordance with DTCs procedures. Under its usual procedures, DTC would mail
an omnibus proxy to us as soon as possible after the record date. The omnibus proxy assigns the
consenting or voting rights of Cede & Co. to those participants to whose accounts the New Bonds are
credited on the record date. We believe that these arrangements will enable the beneficial owners
to exercise rights equivalent in substance to the rights that can be directly exercised by a
registered holder of the New Bonds.
12
Payments of redemption proceeds, principal of, and interest on the New Bonds will be made to Cede &
Co., or such other nominee as may be requested by DTC. DTCs practice is to credit participants
accounts upon DTCs receipt of funds and corresponding detail information from us or our agent, on
the payable date in accordance with their respective holdings shown on DTCs records. Payments by
participants to beneficial owners will be governed by standing instructions and customary
practices. Payments will be the responsibility of participants and not of DTC, the trustee, or us,
subject to any statutory or regulatory requirements as may be in effect from time to time. Payment
of redemption proceeds, principal and interest to Cede & Co. (or such other nominee as may be
requested by DTC) is our responsibility. Disbursement of payments to participants is the
responsibility of DTC, and disbursement of payments to the beneficial owners is the responsibility
of participants.
Except as provided in the applicable prospectus supplement, a beneficial owner will not be entitled
to receive physical delivery of the New Bonds. Accordingly, each beneficial owner must rely on the
procedures of DTC to exercise any rights under the New Bonds.
DTC may discontinue providing its services as securities depositary with respect to the New Bonds
at any time by giving us reasonable notice. In the event no successor securities depositary is
obtained, certificates for the New Bonds will be printed and delivered. We may decide to replace
DTC or any successor depositary. Additionally, subject to the procedures of DTC, we may decide to
discontinue use of the system of book-entry transfers through DTC (or a successor depositary) with
respect to some or all of the New Bonds. In that event or if an event of default with respect to a
series of New Bonds has occurred and is continuing, certificates for the New Bonds of such series
will be printed and delivered. If certificates for such series of New Bonds are printed and
delivered,
|
|
|
those New Bonds will be issued in fully registered form without coupons;
|
|
|
|
|
a holder of certificated New Bonds would be able to exchange those New Bonds,
without charge, for an equal aggregate principal amount of New Bonds of the same
series, having the same issue date and with identical terms and provisions; and
|
|
|
|
|
a holder of certificated New Bonds would be able to transfer those New Bonds
without cost to another holder, other than for applicable stamp taxes or other
governmental charges.
|
The information in this section concerning DTC and DTCs book-entry system has been obtained from
sources that we believe to be reliable, but we do not take any responsibility for the accuracy of
this information.
13
PLAN OF DISTRIBUTION
Methods and Terms of Sale
We may use a variety of methods to sell the New Bonds including:
1.
|
|
through one or more underwriters or dealers;
|
|
2.
|
|
directly to one or more purchasers;
|
|
3.
|
|
through one or more agents; or
|
|
4.
|
|
through a combination of any such methods of sale.
|
The prospectus supplement relating to a particular series of the New Bonds will set forth the terms
of the offering of the New Bonds, including:
1.
|
|
the name or names of any underwriters, dealers or agents and any syndicate of underwriters;
|
|
2.
|
|
the initial public offering price;
|
|
3.
|
|
any underwriting discounts and other items constituting underwriters compensation;
|
|
4.
|
|
the proceeds we receive from that sale; and
|
|
5.
|
|
any discounts or concessions allowed or reallowed or paid by any underwriters to dealers.
|
Underwriters
If we sell the New Bonds through underwriters, they will acquire the New Bonds for their own
account and may resell them from time to time in one or more transactions, including negotiated
transactions, at a fixed public offering price or at varying prices determined at the time of sale.
The underwriters for a particular underwritten offering of New Bonds will be named in the
applicable prospectus supplement and, if an underwriting syndicate is used, the managing
underwriter or underwriters will be named on the cover page of the applicable prospectus
supplement. In connection with the sale of New Bonds, the underwriters may receive compensation
from us or from purchasers in the form of discounts, concessions or commissions. The obligations of
the underwriters to purchase New Bonds will be subject to certain conditions. The underwriters will
be obligated to purchase all of the New Bonds of a particular series if any are purchased. However,
the underwriters may purchase less than all of the New Bonds of a particular series should certain
circumstances involving a default of one or more underwriters occur.
The initial public offering price and any discounts or concessions allowed or reallowed or paid to
dealers by any underwriters may be changed from time to time.
Stabilizing Transactions
Underwriters may engage in stabilizing transactions and syndicate covering transactions in
accordance with Rule 104 under the Exchange Act. Stabilizing transactions permit bids to purchase
the underlying New Bond so long as the stabilizing bids do not exceed a specified maximum.
Syndicate covering transactions involve purchases of the New Bonds in the open market after the
distribution has been completed in order to cover syndicate short positions.
14
These stabilizing transactions and syndicate covering transactions may cause the price of the New
Bonds to be higher than it would otherwise be if such transactions had not occurred.
Agents
If we sell the New Bonds through agents, the applicable prospectus supplement will set forth the
name of any agent involved in the offer or sale of the New Bonds as well as any commissions we will
pay to them. Unless otherwise indicated in the applicable prospectus supplement, any agent will be
acting on a best efforts basis for the period of its appointment.
Related Transactions
Underwriters, dealers and agents (or their affiliates) may engage in transactions with, or perform
services for, us or our affiliates in the ordinary course of business.
Indemnification
We will agree to indemnify any underwriters, dealers, agents or purchasers and their controlling
persons against certain civil liabilities, including liabilities under the Securities Act.
Listing
Unless otherwise specified in the applicable prospectus supplement, the New Bonds will not be
listed on a national securities exchange or the Nasdaq Stock Market. No assurance can be given that
any broker-dealer will make a market in any series of the New Bonds and, in any event, no assurance
can be given as to the liquidity of the trading market for any of the New Bonds.
EXPERTS
The financial statements, and the related financial statement schedule, incorporated in this
prospectus by reference from Entergy Arkansas, Inc.s Annual Report on Form 10-K for the year ended
December 31, 2009, and the effectiveness of Entergy Arkansas, Inc.s internal control
over financial reporting have been audited by Deloitte & Touche LLP, an independent registered
public accounting firm, as stated in their reports, which are incorporated herein by reference.
Such financial statements and financial statement schedule have been so incorporated in reliance
upon the reports of such firm given upon their authority as experts in accounting and auditing.
LEGALITY
The legality of the New Bonds will be passed upon for us by Morgan, Lewis & Bockius LLP, New York,
New York, and Friday, Eldredge & Clark, LLP, Little Rock, Arkansas. Certain legal matters with
respect to the offering of the New Bonds will be passed upon for the underwriters by Pillsbury
Winthrop Shaw Pittman LLP, New York, New York. Pillsbury Winthrop Shaw Pittman LLP regularly
represents us and our affiliates in connection with various matters. Morgan, Lewis & Bockius LLP
may rely on the opinion of Friday, Eldredge & Clark, LLP, as to matters of Arkansas law relevant to
its opinion. Matters pertaining to New York law will be passed upon by Morgan, Lewis & Bockius LLP,
our New York counsel.
15
PROSPECTUS
FIRST MORTGAGE BONDS
ENTERGY GULF STATES LOUISIANA, L.L.C.
446 North Boulevard
Baton Rouge, Louisiana 70802-5717
(800) 368-3749
We -
|
|
|
may periodically offer our first mortgage bonds in one or
more series; and
|
|
|
|
|
will determine the price and other terms of each series of
first mortgage bonds when sold, including whether any series will be
subject to redemption prior to maturity.
|
The First Mortgage Bonds -
|
|
|
will be secured by a mortgage that constitutes a first
mortgage lien on substantially all of our property; and
|
|
|
|
|
will not be listed on a national securities exchange unless
otherwise indicated in the accompanying prospectus supplement.
|
You -
|
|
|
will receive interest payments in the amounts and on the
dates specified in an accompanying prospectus supplement.
|
This prospectus may be used to offer and sell series of first mortgage bonds only if accompanied by
the prospectus supplement for that series. We will provide the specific information for those
offerings and the specific terms of these first mortgage bonds, including their offering prices,
interest rates and maturities, in supplements to this prospectus. The supplements may also add,
update or change the information in this prospectus. You should read this prospectus and any
supplements carefully before you invest.
Investing in the first mortgage bonds offered by this prospectus involves risks. See Risk Factors
on page 2.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
We may offer the first mortgage bonds directly or through underwriters, agents or dealers. Each
prospectus supplement will provide the terms of the plan of distribution for the related series of
first mortgage bonds.
The date of this prospectus is September 20, 2010.
RISK FACTORS
Investing in the first mortgage bonds involves certain risks. In considering whether to purchase
the first mortgage bonds being offered (the New Bonds), you should carefully consider the
information we have included or incorporated by reference in this prospectus. In particular, you
should carefully consider the information under the heading Risk Factors as well as the factors
listed under the heading Forward-Looking Information, in each case, contained in our Annual
Report on Form 10-K for the year ended December 31, 2009, and our Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2010 and June 30, 2010, each of which is incorporated by reference
herein.
ABOUT THIS PROSPECTUS
This prospectus is part of an automatic shelf registration statement that we filed with the United
States Securities and Exchange Commission (the SEC) as a majority-owned subsidiary of Entergy
Corporation, which is a well-known seasoned issuer, as defined in Rule 405 under the Securities
Act of 1933 (the Securities Act). By utilizing a shelf registration statement, we may sell, at
any time and from time to time, in one or more offerings, the New Bonds described in this
prospectus. This prospectus provides a general description of the New Bonds being offered. Each
time we sell a series of New Bonds we will provide a prospectus supplement containing specific
information about the terms of that series of New Bonds and the related offering. It is important
for you to consider the information contained in this prospectus, the related prospectus supplement
and the exhibits to the registration statement, together with the additional information referenced
under the heading Where You Can Find More Information in making your investment decision.
For more detailed information about the New Bonds, you can read the exhibits to the registration
statement. Those exhibits have been either filed with the registration statement or incorporated by
reference to earlier SEC filings listed in the registration statement.
ENTERGY GULF STATES LOUISIANA, L.L.C.
We are a limited liability company organized under the laws of the State of Louisiana. We were
originally incorporated under the laws of the State of Texas in 1925 and are the successor to
Entergy Gulf States, Inc. (EGSI). EGSI was formerly named Gulf States Utilities Company. Our
principal executive offices are located at 446 North Boulevard, Baton Rouge, Louisiana 70802. Our
telephone number is 1-800-368-3749.
We are a public utility company engaged in the generation, distribution and sale of electric energy
to approximately 379,000 customers in the State of Louisiana. We also purchase and retail natural
gas to approximately 92,000 customers in the Baton Rouge, Louisiana area. All of our common
membership interests are owned indirectly by Entergy Corporation. The other major public utilities
owned by Entergy Corporation are Entergy Arkansas, Inc., Entergy Louisiana, LLC, Entergy
Mississippi, Inc., Entergy New Orleans, Inc. and Entergy Texas, Inc. (ETI). Entergy Corporation
also owns all of the common stock of System Energy Resources, Inc., the principal asset of which is
its interest in the Grand Gulf Electric Generating Station, and Entergy Operations, Inc., a nuclear
management services company.
2
We are subject to regulation by the Louisiana Public Service Commission (the LPSC) as to electric
and gas service, retail rates and charges, certification of generating facilities, power or
capacity purchase contracts, depreciation, accounting and other matters involving our service
territory, which is exclusively within Louisiana. We are also subject to regulation by the Federal
Energy Regulatory Commission.
Effective December 31, 2007, pursuant to a jurisdictional separation plan, our predecessor, EGSI,
reorganized into two vertically integrated utility companies ETI and us. ETI now owns all of
EGSIs distribution and transmission assets located in Texas, the gas-fired generating plants
located in Texas, undivided 42.5% ownership shares of EGSIs 70% ownership interest in Nelson 6 and
42% ownership interest in Big Cajun 2, Unit 3, which are coal-fired generating plants located in
Louisiana, and other assets and contract rights to the extent related to EGSIs utility operations
in Texas. We own all of the remaining assets that were formerly owned by EGSI. On a book value
basis, approximately 58.1% of the EGSI assets were allocated to us and approximately 41.9% were
allocated to ETI.
The information above is only a summary and is not complete. You should read the incorporated
documents listed under the heading Where You Can Find More Information for more specific
information concerning our business and affairs, including significant contingencies, significant
factors and known trends, our general capital requirements, our financing plans and capabilities,
and pending legal and regulatory proceedings.
WHERE YOU CAN FIND MORE INFORMATION
We are subject to the informational requirements of the Securities Exchange Act of 1934 (the
Exchange Act), and therefore are required to file annual, quarterly and current reports, proxy
statements and other information with the SEC. Our filings are available to the public on the
Internet at the SECs website located at (
http://www.sec.gov
). You may read and copy any document
that we file with the SEC at the SEC public reference room located at:
100 F Street, N.E.
Room 1580
Washington, D.C. 20549-1004.
Call the SEC at 1-800-732-0330 for more information about the public reference room and how to
request documents.
The SEC allows us to incorporate by reference the information filed by us with the SEC, which
means we can refer you to important information without restating it in this prospectus. The
information incorporated by reference is an important part of this prospectus, and information that
we file later with the SEC will automatically update and supersede this information. We incorporate
by reference the documents listed below, along with any future filings that we make with the SEC
under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus and
until the offerings contemplated by this prospectus are completed or terminated:
|
1.
|
|
our annual report on Form 10-K for the year ended December 31, 2009;
|
3
|
2.
|
|
our quarterly reports on Form 10-Q for the quarters ended March 31, 2010 and
June 30, 2010; and
|
|
|
3.
|
|
our current report on Form 8-K dated June 14, 2010 (filed June 18, 2010).
|
You may access a copy of any or all of these filings, free of charge, at our website, which is
located at
http:// www.entergy.com
, or by writing or calling us at the following address:
Ms. Dawn A. Abuso
Assistant Secretary
Entergy Gulf States Louisiana, L.L.C.
639 Loyola Avenue
New Orleans, Louisiana 70113
(504) 576-6755
You may also direct your requests via e-mail to dabuso@entergy.com. We do not intend our Internet
address to be an active link or to otherwise incorporate the contents of the website into this
prospectus or any accompanying prospectus supplement.
You should rely only on the information incorporated by reference or provided in this prospectus or
any accompanying prospectus supplement. We have not, nor have any underwriters, dealers or agents,
authorized anyone else to provide you with different information about us or the New Bonds. We are
not, nor are any underwriters, dealers or agents, making an offer of the New Bonds in any
jurisdiction where the offer is not permitted. You should not assume that the information in this
prospectus or any accompanying prospectus supplement is accurate as of any date other than the date
on the front of those documents or that the documents incorporated by reference in this prospectus
or any accompanying prospectus supplement are accurate as of any date other than the date those
documents were filed with the SEC. Our business, financial condition, results of operations and
prospects may have changed since these dates.
RATIO OF EARNINGS TO FIXED CHARGES
We have calculated ratios of earnings to fixed charges pursuant to Item 503 of Regulation S-K of
the SEC as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Twelve Months Ended
|
June 30,
|
|
June 30,
|
|
December 31,
|
2010
|
|
2009
|
|
2009
|
|
2008
|
|
2007
|
|
2006
|
|
2005
|
3.12
|
|
|
2.50
|
|
|
|
2.99
|
|
|
|
2.44
|
|
|
|
2.84
|
|
|
|
3.01
|
|
|
|
3.34
|
|
Earnings represent the aggregate of (1) income before the cumulative effect of an accounting
change, (2) taxes based on income, (3) investment tax credit adjustments-net and (4) fixed charges.
Fixed Charges include interest (whether expensed or capitalized), related amortization and
estimated interest applicable to rentals charged to operating expenses. We accrue interest
4
expense related to unrecognized tax benefits in income tax expense and do not include it in fixed charges.
Our ratios of earnings to fixed charges for the years ended December 31, 2005, 2006 and 2007,
include the operations of Entergy Texas, Inc.
USE OF PROCEEDS
Except as otherwise described in a prospectus supplement, the net proceeds from the offering of the
New Bonds will be used either (a) to repurchase or redeem one or more series of our outstanding
securities on their stated due dates or in some cases prior to their stated due dates or (b) for
other general corporate purposes. The specific purposes for the proceeds of a particular series of
New Bonds or the specific securities, if any, to be acquired or redeemed with the proceeds of a
particular series of New Bonds will be described in the prospectus supplement relating to that
series.
DESCRIPTION OF THE NEW BONDS
General
We will issue the New Bonds offered by this prospectus from time to time in one or more series
under one or more separate supplemental indentures to the Indenture of Mortgage dated September 1,
1926, as supplemented and modified by the Seventh Supplemental Indenture dated as of May 1, 1946,
as further supplemented and modified by supplemental indentures thereto and as to be further
supplemented from time to time, under which The Bank of New York Mellon is successor trustee. This
Indenture of Mortgage, as amended and supplemented, is referred to in this prospectus as the
indenture. All first mortgage bonds issued or to be issued under the indenture, including the New
Bonds offered by this prospectus, are referred to herein as bonds. All references to the New
Bonds herein shall, unless the context otherwise requires, be deemed also to refer to each
sub-series of the New Bonds if all are not issued as a single series.
The statements in this prospectus and any accompanying prospectus supplement concerning the New
Bonds and the indenture are not comprehensive and are subject to the detailed provisions of the
indenture. The indenture and a form of supplemental indenture are filed as exhibits to the
registration statement of which this prospectus forms a part. You should read these documents for
provisions that may be important to you. The indenture has been qualified under the Trust Indenture
Act of 1939. You should refer to the Trust Indenture Act of 1939 for provisions that apply to the
New Bonds. Wherever particular provisions or defined terms in the indenture are referred to under
this heading Description of the New Bonds, those provisions or defined terms are incorporated by
reference in this prospectus.
Terms of Specific Series of the New Bonds
The prospectus supplement relating to each series of New Bonds offered by this prospectus will
include a description of the specific terms relating to the offering of that series. These terms
will include any of the following terms that apply to that series:
1.
|
|
the designation, or name, of the series of New Bonds;
|
5
2.
|
|
the aggregate principal amount of the series;
|
|
3.
|
|
the offering price of the series;
|
|
4.
|
|
the date on which the series will mature;
|
|
5.
|
|
the rate or method for determining the rate at which the series will bear interest;
|
|
6.
|
|
the date from which interest on the series accrues;
|
|
7.
|
|
the dates on which interest on the series will be payable;
|
|
8.
|
|
the prices and the other terms and conditions, if any, upon which we may redeem the series
prior to maturity;
|
|
9.
|
|
the applicability of the distribution covenant described below to the series;
|
|
10.
|
|
the terms of an insurance policy, if any, that will be provided for the payment of the
principal of and/or interest on the series;
|
|
11.
|
|
the rights, if any, of a holder to elect repayment; and
|
|
12.
|
|
any other terms of the series not inconsistent with the provisions of the indenture.
|
As of June 30, 2010, we had approximately $1,332.120 million principal amount of bonds outstanding.
Payment
The New Bonds and interest thereon will be paid in any coin or currency of the United States of
America that at the time of payment is legal tender at the corporate trust office of the trustee in
the Borough of Manhattan, City and State of New York. See Book-Entry Only Securities for
additional information relating to payment on the New Bonds.
Sinking Fund
The New Bonds will not be subject to any sinking fund, maintenance and improvement fund or other
similar fund.
Redemption
The prospectus supplement for a particular series of New Bonds offered by this prospectus will
contain the prices and other terms and conditions, if any, for redemption of that series prior to
maturity.
Form and Exchange
The New Bonds will be fully-registered bonds without coupons. See Book-Entry Only Securities.
The New Bonds will be exchangeable for other New Bonds of the same series, or if issued in
sub-series, of the same sub-series, in equal aggregate principal amounts. Although the
indenture permits us to charge up to $2 per bond in connection with exchanges and transfers, we
presently do not intend to do so with regard to the New Bonds.
Security
The New Bonds, together with all other bonds outstanding now or in the future under the indenture,
will be secured, equally and ratably by a valid and direct first mortgage lien on all our principal
properties, except as stated below, subject only to:
6
1.
|
|
the prior lien of the trustee for its compensation, expenses and liability,
|
|
2.
|
|
such easements, leases, contracts, covenants, liens and other encumbrances and defects as are
customarily encountered in comparable utility systems and are not of a character that would
interfere materially with the use and operation of such properties,
|
|
3.
|
|
current taxes,
|
|
4.
|
|
other liens or encumbrances that are of a minor nature and that do not secure the payment of
money, and
|
|
5.
|
|
permitted encumbrances on our bondable property, franchises and permits.
|
There are excepted from the lien of the indenture: bills, notes, accounts receivable, cash,
contracts, shares of stock, bonds, and notes, other evidences of indebtedness and other securities;
merchandise held for sale; materials and supplies; fuel; aircraft, automobiles and trucks, etc.;
oil, gas, and other minerals underlying mortgaged lands; office furniture, equipment and supplies;
and certain other properties.
The indenture permits us to acquire bondable property subject to prior liens. The indenture
contains provisions subjecting to the lien thereof all substitutions, replacements, additions,
betterments, developments, extensions or enlargements of property owned by us on January 1, 2008
except property of the character expressly excepted and subject to certain limitations in cases of
mergers and consolidations. To the extent such after-acquired property does not constitute a
substitution, replacement, addition, betterment, development, extension or enlargement of mortgaged
property owned by us on January 1, 2008, we may elect (but are not required) to subject such
after-acquired property to the lien of the indenture.
Property Subject to Prior Liens
Property subject to any prior lien cannot constitute property additions for use as a basis for
action or credit under the indenture, unless such lien is established as a refundable lien and
1.
|
|
the principal amount of the outstanding indebtedness secured by such prior lien will not
exceed 60% of the amount of the property subject thereto;
|
|
2.
|
|
the total principal amount of the prior lien indebtedness to be outstanding will not exceed
15% of the total principal amount of the bonds then outstanding and bonds that we would then
be entitled to have authenticated and delivered; and
|
|
3.
|
|
the principal amount of prior lien indebtedness being established as refundable will not
exceed 60% of available net additions.
|
Issuance of Additional Bonds
Additional bonds ranking equally and ratably with the New Bonds may be issued under the indenture,
subject to the limitation that the aggregate principal amount of bonds at any one time outstanding
shall not exceed $100 billion. Such additional bonds may be authenticated and delivered
1.
|
|
in an aggregate principal amount not exceeding 60% of available net additions;
|
|
2.
|
|
against the deposit of cash with the trustee; and
|
|
3.
|
|
against the retirement of bonds and/or refundable indebtedness.
|
7
Cash we deposit with the trustee pursuant to clause (2) above may be withdrawn to the extent
of 60% of available net additions or 100% of available debt retirements of bonds or refundable
indebtedness.
As of June 30, 2010, we had approximately $1,418.880 million of available debt retirements,
entitling us to issue approximately $1,152.350 million in principal amount of bonds on the basis of
available debt retirements without an earnings coverage test, and we had approximately $2,420.308
million of available net additions, entitling us to issue approximately $1,452.185 million in
principal amount of bonds on the basis of available net additions.
As a condition to the authentication and delivery of additional bonds, except on the basis of
retirements of bonds or refundable indebtedness in certain cases, net earnings available for
interest for 12 consecutive months within the 15 months immediately preceding the calendar month in
which application for authentication and delivery of the bonds is made must have been at least
twice the aggregate amount of the annual interest charges upon the outstanding bonds, the bonds
then applied for, and any indebtedness to be outstanding secured by prior liens. Based upon the
results of our operations for the twelve months ended June 30, 2010, if we were to make an
application for authentication and delivery of bonds as of the date of this prospectus, solely
based on the earnings coverage test (and, therefore, not taking into account the property additions
and retired bond issuance limitations), we could issue approximately $2,850 million in principal
amount of bonds, in addition to the amount of bonds then outstanding (assuming an interest rate of
4% for additional bonds). Such amount will be affected by the issuance of the New Bonds and the
retirement of existing bonds with the proceeds of the New Bonds and by subsequent net earnings. New
Bonds in a greater amount may also be issued for the refunding of outstanding bonds.
Other than the security afforded by the lien of the indenture and restrictions on the issuance of
additional bonds described above, there are no provisions of the indenture that grant the holders
of the bonds protection in the event of a highly leveraged transaction involving us.
Release and Substitution of Property
Properties subject to the lien of the indenture may be released against
1.
|
|
the deposit of cash or, within certain limits, purchase money obligations and, in certain
cases, governmental or municipal obligations;
|
|
2.
|
|
the deposit of the proceeds under a prior lien;
|
|
3.
|
|
available net additions; and
|
|
4.
|
|
available debt retirements of bonds or refundable indebtedness.
|
No prior notice to bondholders is required in connection with releases but subsequent reports are
required in certain cases. In the event of the sale, taking or release of all or substantially all
of our bondable property not subject to any nonrefundable prior lien, the proceeds must be applied
to the purchase or redemption of bonds or refundable indebtedness.
8
Covenant as to Distributions
The terms of certain of our outstanding series of bonds include our covenant to restrict our
payment of cash distributions on our common membership interests in certain circumstances. Any
distribution covenant applicable to a series of New Bonds will be described in the prospectus
supplement relating to that series of New Bonds. There is no assurance that the terms of future
distribution covenants, if any, will be the same as those applicable to our outstanding bonds.
Trustee
At stated intervals of not more than 12 months, the trustee is required to report to the
bondholders certain events, if any have occurred, including any change in its eligibility or
qualifications and, if the bonds are in default, the creation of or any change in its relationship
to us that constitutes a conflicting interest. In certain cases the trustee is required to share
the benefit of payments received as a creditor within three months prior to default. From time to
time, we may maintain deposit accounts with, and borrow funds from, the trustee. The holders of a
majority of the aggregate principal amount of the bonds may require the trustee to take certain
action under the indenture, including the enforcement of the lien thereof, as further described
under Defaults and Notice Thereof below. Before acting, among other conditions, the trustee may
require indemnification satisfactory to it.
Defaults and Notice Thereof
A default is defined as
1.
|
|
a default in payment of principal of or premium, if any, when due;
|
|
2.
|
|
a default for 30 days in payment of interest after due;
|
|
3.
|
|
a default for 60 days in satisfaction of sinking and improvement fund obligations;
|
|
4.
|
|
a default under the covenants, conditions and agreements contained in the indenture on our
part for 90 days after notice by the trustee or the holders of 15% of the aggregate principal
amount of the outstanding bonds;
|
|
5.
|
|
certain events in bankruptcy, insolvency, receivership or reorganization proceedings; or
|
|
6.
|
|
certain events relating to the continuance of unsatisfied judgments.
|
We are required to deliver annually to the trustee an officers certificate stating whether or not,
to the best of the knowledge of the signers, any default exists. The trustee is required to give
certain notice to the bondholders after the occurrence of a default, if not cured, but the trustee
is protected in withholding notice of defaults other than in the payment of principal, interest, or
sinking and improvement fund or purchase fund installments, if it determines in good faith that the
withholding of notice is in the interests of the bondholders.
Anything in the indenture to the contrary notwithstanding, the right of any bondholder to receive
payment of the principal of and interest on the holders bond on or after the due date of the bond
as expressed in the bond or to institute suit for the enforcement of the payment on or after the
due date of the bond is absolute and unconditional and will not be impaired or affected without the
consent of the holder. Moreover, under most circumstances, the holders of a majority in aggregate
principal amount of the bonds then outstanding have the right to require the trustee to proceed to
enforce the lien of the indenture and direct and control the time, method and place of conducting
any and all proceedings authorized by the indenture for any sale of the trust estate,
9
the foreclosure of the indenture, or any other action or proceeding thereunder instituted by the
trustee. The holders of not less than 75% of the aggregate principal amount of the bonds
outstanding, including not less than 60% of each series of such bonds outstanding, may waive any
past default, except for a default in the payment of principal of, premium, if any, or interest on
the bonds.
Satisfaction and Discharge
If we should pay or provide for payment of the entire indebtedness on all bonds as the indenture
provides and should pay all other sums due and payable under the indenture and should so request,
the trustee will acknowledge satisfaction of the indenture and surrender the trust estate, other
than cash for the payment of bonds, to us.
Modification or Amendment of Indenture
The indenture and the rights and obligations of both us and the bondholders may be modified with
the consent of the holders of not less than 75% in aggregate principal amount of the outstanding
bonds, including not less than 60% of each series affected, but no such modification shall
1.
|
|
extend the maturity of any of the bonds or reduce the rate or extend the time of payment of
interest on the bonds or reduce the amount of principal of the bonds, or reduce any premium
payable on the redemption of the bonds, without the consent of the holder of each affected
bond;
|
|
2.
|
|
permit the creation of any lien, not otherwise permitted, prior to or on a parity with the
lien of the indenture, without the consent of the holders of all the bonds then outstanding;
or
|
|
3.
|
|
reduce the above-described percentage of bondholders required to approve any such
modification, without the consent of the holders of all the bonds then outstanding.
|
Merger and Sale of Assets
The indenture provides that we may consolidate with or merge into any other corporation or sell,
convey, transfer or lease, subject to the lien of the indenture, all of the trust estate as, or
substantially as, an entirety to any corporation lawfully entitled to acquire or lease and operate
the same, provided, among other things, that such action shall be upon such terms as do not in any
respect impair the lien and security of the indenture, and that the corporation resulting from such
merger or consolidation or into or with which we merge, or the corporation that shall have received
our properties and assets, shall assume by a supplemental indenture the due and punctual payment of
the principal of and interest on all the bonds and the performance of the covenants and conditions
for us to keep or to perform.
Book-Entry Only Securities
Unless otherwise specified in the applicable prospectus supplement, the New Bonds will trade
through The Depository Trust Company (DTC). Each series of New Bonds will be represented by one
or more global certificates and registered in the name of Cede & Co., DTCs nominee. Upon issuance
of the global certificates, DTC or its nominee will credit, on its book-entry registration and
transfer system, the principal amount of the New Bonds represented
10
by such global certificates to the accounts of institutions that have an account with DTC or its
participants. The accounts to be credited shall be designated by the underwriters. Ownership of
beneficial interests in the global certificates will be limited to participants or persons that may
hold interests through participants. The global certificates will be deposited with the trustee as
custodian for DTC.
DTC is a New York clearing corporation and a clearing agency registered under Section 17A of the
Exchange Act. DTC holds securities for its participants. DTC also facilitates the post-trade
settlement of securities transactions among its participants through electronic computerized
book-entry transfers and pledges in the participants accounts. This eliminates the need for
physical movement of securities certificates. The participants include securities brokers and
dealers, banks, trust companies, clearing corporations and certain other organizations. DTC is a
wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). DTCC is the
holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing
Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its
regulated subsidiaries. Others who maintain a custodial relationship with a participant can use
the DTC system. The rules that apply to DTC and those using its systems are on file with the SEC.
Purchases of the New Bonds within the DTC system must be made through participants, who will
receive a credit for the New Bonds on DTCs records. The beneficial ownership interest of each
purchaser will be recorded on the appropriate participants records. Beneficial owners will not
receive written confirmation from DTC of their purchases, but beneficial owners should receive
written confirmations of the transactions, as well as periodic statements of their holdings, from
the participants through whom they purchased New Bonds. Transfers of ownership in the New Bonds
are to be accomplished by entries made on the books of the participants acting on behalf of
beneficial owners. Beneficial owners will not receive certificates for their New Bonds of a
series, except if use of the book-entry system for the New Bonds of that series is discontinued.
To facilitate subsequent transfers, all New Bonds deposited by participants with DTC are registered
in the name of DTCs nominee, Cede & Co. The deposit of the New Bonds with DTC and their
registration in the name of Cede & Co. effects no change in beneficial ownership. DTC has no
knowledge of the actual beneficial owners of the New Bonds. DTCs records reflect only the
identity of the participants to whose accounts such New Bonds are credited. These participants may
or may not be the beneficial owners. Participants will remain responsible for keeping account of
their holdings on behalf of their customers.
Conveyance of notices and other communications by DTC to participants, and by participants to
beneficial owners, will be governed by arrangements among them, subject to any statutory or
regulatory requirements as may be in effect from time to time. Beneficial owners of New Bonds may
wish to take certain steps to augment transmission to them of notices of significant events with
respect to the New Bonds, such as redemptions, tenders, defaults and proposed amendments to the
indenture. Beneficial owners of the New Bonds may wish to ascertain that the nominee holding the
New Bonds has agreed to obtain and transmit notices to the beneficial owners.
11
Redemption notices will be sent to Cede & Co., as registered holder of the New Bonds. If less than
all of the New Bonds of a series are being redeemed, DTCs practice is to determine by lot the
amount of New Bonds of such series held by each participant to be redeemed.
Neither DTC nor Cede & Co. will itself consent or vote with respect to New Bonds, unless authorized
by a participant in accordance with DTCs procedures. Under its usual procedures, DTC would mail
an omnibus proxy to us as soon as possible after the record date. The omnibus proxy assigns the
consenting or voting rights of Cede & Co. to those participants to whose accounts the New Bonds are
credited on the record date. We believe that these arrangements will enable the beneficial owners
to exercise rights equivalent in substance to the rights that can be directly exercised by a
registered holder of the New Bonds.
Payments of redemption proceeds, principal of, and interest on the New Bonds will be made to Cede &
Co., or such other nominee as may be requested by DTC. DTCs practice is to credit participants
accounts upon DTCs receipt of funds and corresponding detail information from us or our agent, on
the payable date in accordance with their respective holdings shown on DTCs records. Payments by
participants to beneficial owners will be governed by standing instructions and customary
practices. Payments will be the responsibility of participants and not of DTC, the trustee, or us,
subject to any statutory or regulatory requirements as may be in effect from time to time. Payment
of redemption proceeds, principal and interest to Cede & Co. (or such other nominee as may be
requested by DTC) is our responsibility. Disbursement of payments to participants is the
responsibility of DTC, and disbursement of payments to the beneficial owners is the responsibility
of participants.
Except as provided in the applicable prospectus supplement, a beneficial owner will not be entitled
to receive physical delivery of the New Bonds. Accordingly, each beneficial owner must rely on the
procedures of DTC to exercise any rights under the New Bonds.
DTC may discontinue providing its services as securities depositary with respect to the New Bonds
at any time by giving us reasonable notice. In the event no successor securities depositary is
obtained, certificates for the New Bonds will be printed and delivered. We may decide to replace
DTC or any successor depositary. Additionally, subject to the procedures of DTC, we may decide to
discontinue use of the system of book-entry transfers through DTC (or a successor depositary) with
respect to some or all of the New Bonds. In that event or if an event of default with respect to a
series of New Bonds has occurred and is continuing, certificates for the New Bonds of such series
will be printed and delivered. If certificates for such series of New Bonds are printed and
delivered,
|
|
|
those New Bonds will be issued in fully registered form without coupons;
|
|
|
|
|
a holder of certificated New Bonds would be able to exchange those New Bonds,
without charge, for an equal aggregate principal amount of New Bonds of the same
series, having the same issue date and with identical terms and provisions; and
|
|
|
|
|
a holder of certificated New Bonds would be able to transfer those New Bonds
without cost to another holder, other than for applicable stamp taxes or other
governmental charges.
|
12
The information in this section concerning DTC and DTCs book-entry system has been obtained from
sources that we believe to be reliable, but we do not take any responsibility for the accuracy of
this information.
13
PLAN OF DISTRIBUTION
Methods and Terms of Sale
We may use a variety of methods to sell the New Bonds including:
1.
|
|
through one or more underwriters or dealers;
|
|
2.
|
|
directly to one or more purchasers;
|
|
3.
|
|
through one or more agents; or
|
|
4.
|
|
through a combination of any such methods of sale.
|
The prospectus supplement relating to a particular series of the New Bonds will set forth the terms
of the offering of the New Bonds, including:
1.
|
|
the name or names of any underwriters, dealers or agents and any syndicate of underwriters;
|
|
2.
|
|
the initial public offering price;
|
|
3.
|
|
any underwriting discounts and other items constituting underwriters compensation;
|
|
4.
|
|
the proceeds we receive from that sale; and
|
|
5.
|
|
any discounts or concessions allowed or reallowed or paid by any underwriters to dealers.
|
Underwriters
If we sell the New Bonds through underwriters, they will acquire the New Bonds for their own
account and may resell them from time to time in one or more transactions, including negotiated
transactions, at a fixed public offering price or at varying prices determined at the time of sale.
The underwriters for a particular underwritten offering of New Bonds will be named in the
applicable prospectus supplement and, if an underwriting syndicate is used, the managing
underwriter or underwriters will be named on the cover page of the applicable prospectus
supplement. In connection with the sale of New Bonds, the underwriters may receive compensation
from us or from purchasers in the form of discounts, concessions or commissions. The obligations of
the underwriters to purchase New Bonds will be subject to certain conditions. The underwriters will
be obligated to purchase all of the New Bonds of a particular series if any are purchased. However,
the underwriters may purchase less than all of the New Bonds of a particular series should certain
circumstances involving a default of one or more underwriters occur.
The initial public offering price and any discounts or concessions allowed or reallowed or paid to
dealers by any underwriters may be changed from time to time.
Stabilizing Transactions
Underwriters may engage in stabilizing transactions and syndicate covering transactions in
accordance with Rule 104 under the Exchange Act. Stabilizing transactions permit bids to purchase
the underlying New Bond so long as the stabilizing bids do not exceed a specified maximum.
Syndicate covering transactions involve purchases of the New Bonds in the open market after the
distribution has been completed in order to cover syndicate short positions. These stabilizing
transactions and syndicate covering transactions may cause the price of the New Bonds to be higher
than it would otherwise be if such transactions had not occurred.
14
Agents
If we sell the New Bonds through agents, the applicable prospectus supplement will set forth the
name of any agent involved in the offer or sale of the New Bonds as well as any commissions we will
pay to them. Unless otherwise indicated in the applicable prospectus supplement, any agent will be
acting on a best efforts basis for the period of its appointment.
Related Transactions
Underwriters, dealers and agents (or their affiliates) may engage in transactions with, or perform
services for, us or our affiliates in the ordinary course of business.
Indemnification
We will agree to indemnify any underwriters, dealers, agents or purchasers and their controlling
persons against certain civil liabilities, including liabilities under the Securities Act.
Listing
Unless otherwise specified in the applicable prospectus supplement, the New Bonds will not be
listed on a national securities exchange or the Nasdaq Stock Market. No assurance can be given that
any broker-dealer will make a market in any series of the New Bonds and, in any event, no assurance
can be given as to the liquidity of the trading market for any of the New Bonds.
EXPERTS
The financial statements, and the related financial statement schedule, incorporated in this
prospectus by reference from Entergy Gulf States Louisiana, L.L.C.s Annual Report on Form 10-K for
the year ended December 31, 2009, and the effectiveness of Entergy Gulf States
Louisiana, L.L.C.s internal control over financial reporting have been audited by Deloitte &
Touche LLP, an independent registered public accounting firm, as stated in their reports, which are
incorporated herein by reference (which reports (1) express an unqualified opinion on the financial
statements and financial statement schedule and includes an explanatory paragraph regarding the
effects of the distribution of certain assets and liabilities to Entergy Texas, Inc. and
Subsidiaries as part of a jurisdictional separation plan and (2) express an unqualified opinion on
the effectiveness of internal control over financial reporting). Such financial statements and
financial statement schedule have been so incorporated in reliance upon the reports of such firm
given upon their authority as experts in accounting and auditing.
LEGALITY
The legality of the New Bonds offered hereby will be passed upon for us by Dawn Abuso, Esq., Senior
Counsel Corporate and Securities, of Entergy Services, Inc., New Orleans, Louisiana, as to
matters of Louisiana law, and by Morgan, Lewis & Bockius LLP, New York, New York, as to matters of
New York law. Certain legal matters with respect to the New Bonds will be passed on for any
underwriters, dealers or agents by Pillsbury Winthrop Shaw Pittman LLP, New York, New York.
Pillsbury Winthrop Shaw Pittman LLP regularly represents us and our affiliates in
15
connection with various matters. Morgan, Lewis & Bockius LLP may rely on the opinion of Dawn Abuso, Esq., as to matters of Louisiana law relevant to its opinion.
16
PROSPECTUS
FIRST MORTGAGE BONDS
ENTERGY LOUISIANA, LLC
446 North Boulevard
Baton Rouge, Louisiana 70802
(800) 368-3749
|
|
|
may periodically offer our first mortgage bonds in one or
more series; and
|
|
|
|
|
will determine the price and other terms of each series of
first mortgage bonds when sold, including whether any series will be
subject to redemption prior to maturity.
|
|
|
|
The First Mortgage Bonds
|
|
|
|
will be secured by a mortgage that constitutes a first
mortgage lien on substantially all of our property; and
|
|
|
|
|
will not be listed on a national securities exchange unless
otherwise indicated in the accompanying prospectus supplement.
|
|
|
|
will receive interest payments in the amounts and on the
dates specified in an accompanying prospectus supplement.
|
This prospectus may be used to offer and sell series of first mortgage bonds only if accompanied by
the prospectus supplement for that series. We will provide the specific information for those
offerings and the specific terms of these first mortgage bonds, including their offering prices,
interest rates and maturities, in supplements to this prospectus. The supplements may also add,
update or change the information in this prospectus. You should read this prospectus and any
supplements carefully before you invest.
Investing in the first mortgage bonds offered by this prospectus involves risks. See Risk Factors
on page 2.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or determined if this prospectus is truthful or complete. Any
representation to the contrary is a criminal offense.
We may offer the first mortgage bonds directly or through underwriters, agents or dealers. Each
prospectus supplement will provide the terms of the plan of distribution for the related series of
first mortgage bonds.
The date of this prospectus is September 20, 2010.
RISK FACTORS
Investing in the first mortgage bonds involves certain risks. In considering whether to purchase
the first mortgage bonds being offered (the New Bonds), you should carefully consider the
information we have included or incorporated by reference in this prospectus. In particular, you
should carefully consider the information under the heading Risk Factors as well as the factors
listed under the heading Forward-Looking Information, in each case, contained in our annual
report on Form 10-K for the year ended December 31, 2009, and our quarterly reports on Form 10-Q
for the quarters ended March 31, 2010 and June 30, 2010, which are each incorporated by reference
herein.
ABOUT THIS PROSPECTUS
This prospectus is part of an automatic shelf registration statement that we filed with the United
States Securities and Exchange Commission (the SEC) as a majority-owned subsidiary of Entergy
Corporation, which is a well-known seasoned issuer, as defined in Rule 405 under the Securities
Act of 1933 (the Securities Act). By utilizing a shelf registration statement, we may sell, at
any time and from time to time, in one or more offerings, the New Bonds described in this
prospectus. This prospectus provides a general description of the New Bonds being offered. Each
time we sell a series of New Bonds we will provide a prospectus supplement containing specific
information about the terms of that series of New Bonds and the related offering. It is important
for you to consider the information contained in this prospectus, the related prospectus supplement
and the exhibits to the registration statement, together with the additional information referenced
under the heading Where You Can Find More Information in making your investment decision.
For more detailed information about the New Bonds, you can read the exhibits to the registration
statement. Those exhibits have been either filed with the registration statement or incorporated by
reference to earlier SEC filings listed in the registration statement.
ENTERGY LOUISIANA, LLC
We are a limited liability company organized under the laws of the State of Texas and the successor
by merger to all of the regulated utility operations of the Louisiana corporation, Entergy
Louisiana, Inc., an electric public utility company providing service to customers in the State of
Louisiana since 1927. Our principal executive offices are located at 446 North Boulevard, Baton
Rouge, Louisiana 70802. Our telephone number is 1-800-368-3749. We are a public utility company
engaged in the generation, distribution and sale of electric energy to approximately 663,000
customers in the State of Louisiana.
All of our common membership interests are owned indirectly by Entergy Corporation. The other major
public utilities owned, directly or indirectly, by Entergy Corporation are Entergy Arkansas, Inc.,
Entergy Gulf States Louisiana, L.L.C., Entergy Mississippi, Inc., Entergy New Orleans, Inc. and
Entergy Texas, Inc. Entergy Corporation also owns all of the common stock of System Energy
Resources, Inc., the principal asset of which is its interest in the Grand Gulf Electric Generating
Station (Grand Gulf), and Entergy Operations, Inc., a nuclear management services company.
2
Capacity and energy from Grand Gulf are allocated among Entergy Arkansas, Inc., Entergy
Mississippi, Inc., Entergy New Orleans, Inc. and us under a unit power sales agreement. Our
allocated share of Grand Gulfs capacity and energy, together with related costs, is 14%. Payments
we make under the unit power sales agreement are generally recovered through rates set by the
Louisiana Public Service Commission, which regulates our electric service, rates and charges. We
are also subject to regulation by the Federal Energy Regulatory Commission.
The information above is only a summary and is not complete. You should read the incorporated
documents listed under the heading Where You Can Find More Information for more specific
information concerning our business and affairs, including significant contingencies, significant
factors and known trends, our general capital requirements, our financing plans and capabilities,
and pending legal and regulatory proceedings, including the status of industry restructuring in our
service areas.
WHERE YOU CAN FIND MORE INFORMATION
We are subject to the informational requirements of the Securities Exchange Act of 1934 (the
Exchange Act), and therefore, are required to file annual, quarterly and current reports, proxy
statements and other information with the SEC. Our filings are available to the public on the
Internet at the SECs website located at
http://www.sec.gov
. You may read and copy any document
that we file with the SEC at the SECs public reference room located at:
100 F Street, N.E.
Room 1580
Washington, D.C. 20549-1004.
Call the SEC at 1-800-732-0330 for more information about the public reference room and how to
request documents.
The SEC allows us to incorporate by reference the information filed by us with the SEC, which
means we can refer you to important information without restating it in this prospectus. The
information incorporated by reference is an important part of this prospectus, and information that
we file later with the SEC will automatically update and supersede this information. We incorporate
by reference the documents listed below, along with any future filings that we make with the SEC
under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus and
until the offerings contemplated by this prospectus are completed or terminated:
|
1.
|
|
our annual report on Form 10-K for the year ended December 31, 2009;
|
|
|
2.
|
|
our quarterly reports on Form 10-Q for the quarters ended March 31, 2010 and
June 30, 2010; and
|
|
|
3.
|
|
our current report on Form 8-K dated June 14, 2010 (filed June 18, 2010).
|
You may access a copy of any or all of these filings, free of charge, at our website, which is
located at
http:// www.entergy.com
, or by writing or calling us at the following address:
3
Ms. Dawn A. Abuso
Assistant Secretary
Entergy Louisiana, LLC
639 Loyola Avenue
New Orleans, Louisiana 70113
(504) 576-6755
You may also direct your requests via e-mail to dabuso@entergy.com. We do not intend our Internet
address to be an active link or to otherwise incorporate the contents of the website into this
prospectus or any accompanying prospectus supplement.
You should rely only on the information incorporated by reference or provided in this prospectus or
any accompanying prospectus supplement. We have not, nor have any underwriters, dealers or agents,
authorized anyone else to provide you with different information about us or the New Bonds. We are
not, nor are any underwriters, dealers or agents, making an offer of the New Bonds in any
jurisdiction where the offer is not permitted. You should not assume that the information in this
prospectus or any accompanying prospectus supplement is accurate as of any date other than the date
on the front of those documents or that the documents incorporated by reference in this prospectus
or any accompanying prospectus supplement are accurate as of any date other than the date those
documents were filed with the SEC. Our business, financial condition, results of operations and
prospects may have changed since these dates.
RATIO OF EARNINGS TO FIXED CHARGES
We have calculated ratios of earnings to fixed charges pursuant to Item 503 of Regulation S-K of
the SEC as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
|
|
Twelve Months Ended
|
June 30,
|
|
June 30,
|
|
December 31,
|
2010
|
|
2009
|
|
2009
|
|
2008
|
|
2007
|
|
2006
|
|
2005
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.16
|
|
2.94
|
|
3.52
|
|
3.14
|
|
3.44
|
|
3.23
|
|
3.50
|
Earnings represent the aggregate of (1) income before the cumulative effect of an accounting
change, (2) taxes based on income, (3) investment tax credit adjustments-net and (4) fixed charges.
Fixed Charges include interest (whether expensed or capitalized), related amortization and
estimated interest applicable to rentals charged to operating expenses. We accrue interest expense
related to unrecognized tax benefits in income tax expense and do not include it in fixed charges.
USE OF PROCEEDS
Except as otherwise described in a prospectus supplement, the net proceeds from the offering of the
New Bonds will be used either (a) to repurchase or redeem one or more series of our outstanding
securities on their stated due dates or in some cases prior to their stated due dates or (b) for
other general corporate purposes. The specific purposes for the proceeds of a particular
4
series of New Bonds or the specific securities, if any, to be acquired or redeemed with the
proceeds of a particular series of New Bonds will be described in the prospectus supplement
relating to that series.
DESCRIPTION OF THE NEW BONDS
General
We will issue the New Bonds offered by this prospectus from time to time in one or more series
under one or more separate supplemental indentures to the Mortgage and Deed of Trust dated as of
April 1, 1944, with The Bank of New York Mellon, as successor trustee. This Mortgage and Deed of
Trust, as amended and supplemented, is referred to in this prospectus as the mortgage. All first
mortgage bonds issued or to be issued under the mortgage, including the New Bonds offered by this
prospectus, are referred to herein as bonds.
The statements in this prospectus and any accompanying prospectus supplement concerning the New
Bonds and the mortgage are not comprehensive and are subject to the detailed provisions of the
mortgage. The mortgage and a form of supplemental indenture are filed as exhibits to the
registration statement of which this prospectus forms a part. You should read these documents for
provisions that may be important to you. The mortgage has been qualified under the Trust Indenture
Act of 1939. You should refer to the Trust Indenture Act of 1939 for provisions that apply to the
New Bonds. Wherever particular provisions or defined terms in the mortgage are referred to under
this heading Description of the New Bonds, those provisions or defined terms are incorporated by
reference in this prospectus.
Terms of Specific Series of the New Bonds
The prospectus supplement relating to each series of New Bonds offered by this prospectus will
include a description of the specific terms relating to the offering of that series. These terms
will include any of the following terms that apply to that series:
1.
|
|
the designation, or name, of the series of New Bonds;
|
|
2.
|
|
the aggregate principal amount of the series;
|
|
3.
|
|
the offering price of the series;
|
|
4.
|
|
the date on which the series will mature;
|
|
5.
|
|
the rate or method for determining the rate at which the series will bear interest;
|
|
6.
|
|
the date from which interest on the series accrues;
|
|
7.
|
|
the dates on which interest on the series will be payable;
|
|
8.
|
|
the prices and the other terms and conditions, if any, upon which we may redeem the series
prior to maturity;
|
|
9.
|
|
the applicability of the distribution covenant described below to the series;
|
|
10.
|
|
the terms of an insurance policy, if any, that will be provided for the payment of the
principal of and/or interest on the series;
|
|
11.
|
|
the rights, if any, of a holder to elect repayment; and
|
|
12.
|
|
any other terms of the series not inconsistent with the provisions of the mortgage.
|
As of June 30, 2010, we had approximately $1,485 million principal amount of bonds outstanding.
5
Payment
The New Bonds and interest thereon will be paid in any coin or currency of the United States of
America that at the time of payment is legal tender at the corporate trust office of the trustee in
the Borough of Manhattan, City and State of New York. See -Book-Entry Only Securities for
additional information relating to payment on the New Bonds.
Sinking Fund
The New Bonds will not be subject to any sinking fund, maintenance and improvement fund or other
similar fund.
Redemption and Retirement
General
The prospectus supplement for a particular series of New Bonds offered by this prospectus will
contain the prices and other terms and conditions, if any, for redemption of that series prior to
maturity.
Special Retirement Provisions
If, during any 12-month period, we dispose of mortgaged property by order of or to any governmental
authority, resulting in the receipt of $5,000,000 or more as proceeds, we, subject to certain
conditions, must apply such proceeds, less certain deductions, to the retirement of outstanding
bonds. If this occurs, we may redeem the outstanding bonds of any series that are redeemable before
maturity by the application of cash deposited for this purpose at the redemption prices applicable
to those bonds. If New Bonds of any series offered by this prospectus are redeemable for this
purpose, the special redemption prices applicable to that series will be set forth in the
prospectus supplement related to that series.
Form and Exchange
The New Bonds will be fully-registered bonds without coupons. See -Book-Entry Only Securities.
The New Bonds will be exchangeable for other New Bonds of the same series in equal aggregate
principal amounts.
Security
The New Bonds, together with all other bonds outstanding now or in the future under the mortgage,
will be secured, equally and ratably, by the mortgage. The mortgage constitutes a first mortgage
lien on substantially all of our property subject to bankruptcy law and:
1.
|
|
leases of minor portions of our property to others for uses which do not interfere with our
business;
|
|
2.
|
|
leases of certain of our property that we do not use in our business; and
|
|
3.
|
|
excepted encumbrances.
|
6
The mortgage does not create a lien on the following excepted property:
1.
|
|
cash and securities;
|
|
2.
|
|
certain equipment, materials and supplies;
|
|
3.
|
|
automobiles and other vehicles and aircraft, timber, minerals, mineral rights and royalties;
and
|
|
4.
|
|
receivables, contracts, leases and operating agreements.
|
The mortgage contains provisions that impose the lien of the mortgage on property that we acquire
after the date of the mortgage, other than the excepted property, subject to pre-existing liens.
However, if we consolidate or merge with, or sell substantially all of our mortgaged property to, a
successor, the lien created by the mortgage will generally not cover the property of the successor,
other than the property it acquires from us and improvements, replacements and additions to that
property. If we sell substantially all of our mortgaged property to a successor, the successor will
assume all of our obligations and covenants under the mortgage and the outstanding bonds and we may
be released and discharged from such obligations and covenants.
The mortgage also provides that the trustee has a lien on the mortgaged property to ensure the
payment of its reasonable compensation, expenses and disbursements and for indemnity against
certain liabilities. This lien takes priority over the lien securing the New Bonds.
The mortgage also contains restrictions on the issuance of debt secured by a prior lien on the
mortgaged property (qualified lien bonds).
Issuance of Additional Bonds
The maximum principal amount of bonds that may be issued under the mortgage is limited to $100
billion at any time outstanding under the mortgage, subject to property additions, earnings and
other limitations of the mortgage. Bonds of any series may be issued from time to time on the
following bases:
1.
|
|
80% of the cost or fair value, whichever is less, of unfunded property additions after
adjustments to offset retirements;
|
|
2.
|
|
retirements of bonds or qualified lien bonds; or
|
|
3.
|
|
deposit of cash with the trustee.
|
Property additions generally include, among other things, electric, gas, steam or hot water
property acquired after December 31, 1943. Securities, automobiles or other vehicles or aircraft,
or property used principally for the production or gathering of natural gas, are not included as
property additions.
As of June 30, 2010, we could have issued approximately $1,528 million principal amount of
additional bonds on the basis of property additions and approximately $57 million principal amount
of bonds on the basis of retired bonds.
With certain exceptions in the case of clause (2) above, the issuance of additional bonds must meet
an earnings test. The adjusted net earnings, before interest and income taxes, for 12 consecutive
months of the preceding 18 months must be at least twice the annual interest
7
requirements on all bonds outstanding at the time, plus the bonds to be issued, plus all
indebtedness, if any, of prior rank. The adjusted net earnings are calculated with a deduction of
$800,000 plus 2.25% of net additions to mortgaged property in lieu of a deduction for actual
retirement of mortgaged property. Based upon the results of our operations for the twelve months
ended June 30, 2010, if we were to make an application for authentication and delivery of bonds as
of the date of this prospectus, solely based on the earnings coverage test (and, therefore, not
taking into account the property additions and retired bond issuance limitations), we could issue
approximately $2,160 million in principal amount of bonds, in addition to the amount of bonds then
outstanding (assuming an interest rate of 4% for additional bonds). Such amount will be affected by
the issuance of the New Bonds and the retirement of existing bonds with the proceeds of the New
Bonds and by subsequent net earnings. New Bonds in a greater amount may also be issued for the
refunding of outstanding bonds.
We have reserved the right to amend the mortgage without any consent or other action by holders of
any bonds to include nuclear fuel, and similar or analogous devices or substances, as property
additions. We have also reserved the right to amend the mortgage without any consent or other
action of the holders of any bonds created after June 30, 1978 to make any form of space satellites
including solar power satellites, space stations and other analogous facilities available as
property additions. Since all of the bonds issued on or prior to June 30, 1978 have matured or have
been redeemed and are no longer outstanding under the mortgage, we may exercise this right to amend
the mortgage at any time.
No bonds may be issued on the basis of property additions subject to qualified liens if the
qualified lien bonds secured thereby exceed 50% of such property additions, or if the qualified
lien bonds and bonds then outstanding which have been issued against property additions subject to
continuing qualified liens and certain other items would in the aggregate exceed 15% of the bonds
and qualified lien bonds outstanding.
Other than the security afforded by the lien of the mortgage and restrictions on the issuance of
additional bonds described above, there are no provisions of the mortgage that grant the holders of
the bonds protection in the event of a highly leveraged transaction involving us.
Release and Substitution of Property
We may release property from the lien of the mortgage, without applying an earnings test, on the
following bases:
1.
|
|
the deposit of cash or purchase money mortgages;
|
|
2.
|
|
property additions, after adjustments in certain cases to offset retirements and after making
adjustments for qualified lien bonds, if any, outstanding against property additions; and
|
|
3.
|
|
(i) the aggregate principal amount of bonds that we would be entitled to issue on the basis
of retired qualified lien bonds; or (ii) 10/6ths of the aggregate principal amount of bonds
that we would be entitled to issue on the basis of retired bonds that were issued prior to
June 9, 2010; or (iii) 10/8ths of the aggregate principal amount
of bonds that we would be entitled to issue on the basis of retired bonds that were issued
after June 9, 2010; in each case with the entitlement being
waived by operation of the release.
|
8
We can withdraw cash upon the bases stated in clauses (2) and/or (3) above without applying an
earnings test.
If unfunded property is released, the property additions used to effect the release may become
available again as credits under the mortgage and the waiver of the right to issue bonds on the
basis of retired bonds to effect the release may cease to be effective as such a waiver. Similar
provisions are in effect as to cash proceeds of such property. The mortgage also contains special
provisions with respect to qualified lien bonds pledged and the disposition of moneys received on
pledged prior lien bonds.
We may also release unfunded property if after such release at least one dollar in unfunded
property remains subject to the lien of the mortgage.
Covenant as to Distributions
The terms of certain of our outstanding series of bonds include our covenant to restrict our
payment of cash distributions on our common membership interests in certain circumstances. Any
distribution covenant applicable to a series of New Bonds will be described in the prospectus
supplement relating to that series of New Bonds. There is no assurance that the terms of future
distribution covenants, if any, will be the same as those applicable to our outstanding bonds.
Modification
Your rights as a bondholder may be modified with the consent of the holders of a majority of the
outstanding bonds considered as one class, provided that, if less than all series of bonds are
affected, only the consent of holders of a majority of the outstanding bonds of each series
affected, considered as one class, is required for such modification. In general, no modification
of the terms
1.
|
|
of payment of principal or interest;
|
|
2.
|
|
affecting the lien of the mortgage; or
|
|
3.
|
|
reducing the percentage required for modification;
|
is effective against any bondholder without that bondholders consent.
The mortgage and your rights as a bondholder may be modified without your consent to the extent
that such modification does not adversely affect your interests in any material respect.
Defaults
Defaults under the mortgage include:
1.
|
|
default in the payment of principal;
|
|
2.
|
|
default for 60 days in the payment of interest or installments of funds for the retirement of
bonds;
|
|
3.
|
|
certain events of bankruptcy, insolvency or reorganization;
|
|
4.
|
|
defaults with respect to qualified lien bonds; and
|
9
5.
|
|
default in other covenants for 90 days after notice.
|
The trustee may withhold notice of default, except in payment of principal, interest or funds for
purchase or redemption of bonds, if it in good faith determines it is in the interests of the
holders of the bonds.
The trustee or the holders of 25% of the bonds may declare the principal and interest due and
payable on default. However, a majority of the holders may annul such declaration if the default
has been cured. No holder of bonds may enforce the lien of the mortgage without giving the trustee
written notice of a default and unless
1.
|
|
the holders of 25% of the bonds have requested the trustee in writing to act and offered the
trustee reasonable opportunity to act and indemnity satisfactory to the trustee against the
costs, expenses and liabilities to be incurred thereby; and
|
|
2.
|
|
the trustee shall have failed to act.
|
The holders of a majority of the bonds may direct the time, method and place of conducting any
proceedings for any remedy available to the trustee or exercising any trust or power conferred upon
the trustee.
We are required to file an annual certificate with the trustee as to compliance with the provisions
of the mortgage and as to the absence of a default with respect to any of the covenants in the
mortgage.
Satisfaction and Discharge of Mortgage
The mortgage may be satisfied and discharged if and when we provide for the payment of all the
bonds and all other sums due under the mortgage.
Book-Entry Only Securities
Unless otherwise specified in the applicable prospectus supplement, the New Bonds will trade
through The Depository Trust Company (DTC). Each series of New Bonds will be represented by one
or more global certificates and registered in the name of Cede & Co., DTCs nominee. Upon issuance
of the global certificates, DTC or its nominee will credit, on its book-entry registration and
transfer system, the principal amount of the New Bonds represented by such global certificates to
the accounts of institutions that have an account with DTC or its participants. The accounts to be
credited shall be designated by the underwriters. Ownership of beneficial interests in the global
certificates will be limited to participants or persons that may hold interests through
participants. The global certificates will be deposited with the trustee as custodian for DTC.
DTC is a New York clearing corporation and a clearing agency registered under Section 17A of the
Exchange Act. DTC holds securities for its participants. DTC also facilitates the post-trade
settlement of securities transactions among its participants through electronic computerized
book-entry transfers and pledges in the participants accounts. This eliminates the need for
physical movement of securities certificates. The participants include securities brokers and
dealers, banks, trust companies, clearing corporations and certain other organizations. DTC is a
10
wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). DTCC is the
holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing
Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its
regulated subsidiaries. Others who maintain a custodial relationship with a participant can use
the DTC system. The rules that apply to DTC and those using its systems are on file with the SEC.
Purchases of the New Bonds within the DTC system must be made through participants, who will
receive a credit for the New Bonds on DTCs records. The beneficial ownership interest of each
purchaser will be recorded on the appropriate participants records. Beneficial owners will not
receive written confirmation from DTC of their purchases, but beneficial owners should receive
written confirmations of the transactions, as well as periodic statements of their holdings, from
the participants through whom they purchased New Bonds. Transfers of ownership in the New Bonds
are to be accomplished by entries made on the books of the participants acting on behalf of
beneficial owners. Beneficial owners will not receive certificates for their New Bonds of a
series, except if use of the book-entry system for the New Bonds of that series is discontinued.
To facilitate subsequent transfers, all New Bonds deposited by participants with DTC are registered
in the name of DTCs nominee, Cede & Co. The deposit of the New Bonds with DTC and their
registration in the name of Cede & Co. effects no change in beneficial ownership. DTC has no
knowledge of the actual beneficial owners of the New Bonds. DTCs records reflect only the
identity of the participants to whose accounts such New Bonds are credited. These participants may
or may not be the beneficial owners. Participants will remain responsible for keeping account of
their holdings on behalf of their customers.
Conveyance of notices and other communications by DTC to participants, and by participants to
beneficial owners, will be governed by arrangements among them, subject to any statutory or
regulatory requirements as may be in effect from time to time. Beneficial owners of New Bonds may
wish to take certain steps to augment transmission to them of notices of significant events with
respect to the New Bonds, such as redemptions, tenders, defaults and proposed amendments to the
mortgage. Beneficial owners of the New Bonds may wish to ascertain that the nominee holding the
New Bonds has agreed to obtain and transmit notices to the beneficial owners.
Redemption notices will be sent to Cede & Co., as registered holder of the New Bonds. If less than
all of the New Bonds of a series are being redeemed, DTCs practice is to determine by lot the
amount of New Bonds of such series held by each participant to be redeemed.
Neither DTC nor Cede & Co. will itself consent or vote with respect to New Bonds, unless authorized
by a participant in accordance with DTCs procedures. Under its usual procedures, DTC would mail
an omnibus proxy to us as soon as possible after the record date. The omnibus proxy assigns the
consenting or voting rights of Cede & Co. to those participants to whose accounts the New Bonds are
credited on the record date. We believe that these arrangements will enable the beneficial owners
to exercise rights equivalent in substance to the rights that can be directly exercised by a
registered holder of the New Bonds.
Payments of redemption proceeds, principal of, and interest on the New Bonds will be made to Cede &
Co., or such other nominee as may be requested by DTC. DTCs practice is to credit
11
participants accounts upon DTCs receipt of funds and corresponding detail information from us or
our agent, on the payable date in accordance with their respective holdings shown on DTCs records.
Payments by participants to beneficial owners will be governed by standing instructions and
customary practices. Payments will be the responsibility of participants and not of DTC, the
trustee, or us, subject to any statutory or regulatory requirements as may be in effect from time
to time. Payment of redemption proceeds, principal and interest to Cede & Co. (or such other
nominee as may be requested by DTC) is our responsibility. Disbursement of payments to
participants is the responsibility of DTC, and disbursement of payments to the beneficial owners is
the responsibility of participants.
Except as provided in the applicable prospectus supplement, a beneficial owner will not be entitled
to receive physical delivery of the New Bonds. Accordingly, each beneficial owner must rely on the
procedures of DTC to exercise any rights under the New Bonds.
DTC may discontinue providing its services as securities depositary with respect to the New Bonds
at any time by giving us reasonable notice. In the event no successor securities depositary is
obtained, certificates for the New Bonds will be printed and delivered. We may decide to replace
DTC or any successor depositary. Additionally, subject to the procedures of DTC, we may decide to
discontinue use of the system of book-entry transfers through DTC (or a successor depositary) with
respect to some or all of the New Bonds. In that event or if an event of default with respect to a
series of New Bonds has occurred and is continuing, certificates for the New Bonds of such series
will be printed and delivered. If certificates for such series of New Bonds are printed and
delivered,
|
|
|
those New Bonds will be issued in fully registered form without coupons;
|
|
|
|
|
a holder of certificated New Bonds would be able to exchange those New Bonds,
without charge, for an equal aggregate principal amount of New Bonds of the same
series, having the same issue date and with identical terms and provisions; and
|
|
|
|
|
a holder of certificated New Bonds would be able to transfer those New Bonds
without cost to another holder, other than for applicable stamp taxes or other
governmental charges.
|
The information in this section concerning DTC and DTCs book-entry system has been obtained from
sources that we believe to be reliable, but we do not take any responsibility for the accuracy of
this information.
12
PLAN OF DISTRIBUTION
Methods and Terms of Sale
We may use a variety of methods to sell the New Bonds including:
1.
|
|
through one or more underwriters or dealers;
|
|
2.
|
|
directly to one or more purchasers;
|
|
3.
|
|
through one or more agents; or
|
|
4.
|
|
through a combination of any such methods of sale.
|
The prospectus supplement relating to a particular series of the New Bonds will set forth the terms
of the offering of the New Bonds, including:
1.
|
|
the name or names of any underwriters, dealers or agents and any syndicate of underwriters;
|
|
2.
|
|
the initial public offering price;
|
|
3.
|
|
any underwriting discounts and other items constituting underwriters compensation;
|
|
4.
|
|
the proceeds we receive from that sale; and
|
|
5.
|
|
any discounts or concessions allowed or reallowed or paid by any underwriters to dealers.
|
Underwriters
If we sell the New Bonds through underwriters, they will acquire the New Bonds for their own
account and may resell them from time to time in one or more transactions, including negotiated
transactions, at a fixed public offering price or at varying prices determined at the time of sale.
The underwriters for a particular underwritten offering of New Bonds will be named in the
applicable prospectus supplement and, if an underwriting syndicate is used, the managing
underwriter or underwriters will be named on the cover page of the applicable prospectus
supplement. In connection with the sale of New Bonds, the underwriters may receive compensation
from us or from purchasers in the form of discounts, concessions or commissions. The obligations of
the underwriters to purchase New Bonds will be subject to certain conditions. The underwriters will
be obligated to purchase all of the New Bonds of a particular series if any are purchased. However,
the underwriters may purchase less than all of the New Bonds of a particular series should certain
circumstances involving a default of one or more underwriters occur.
The initial public offering price and any discounts or concessions allowed or reallowed or paid to
dealers by any underwriters may be changed from time to time.
Stabilizing Transactions
Underwriters may engage in stabilizing transactions and syndicate covering transactions in
accordance with Rule 104 under the Exchange Act. Stabilizing transactions permit bids to purchase
the underlying New Bond so long as the stabilizing bids do not exceed a specified maximum.
Syndicate covering transactions involve purchases of the New Bonds in the open market after the
distribution has been completed in order to cover syndicate short positions. These stabilizing
transactions and syndicate covering transactions may cause the price of the New Bonds to be higher
than it would otherwise be if such transactions had not occurred.
13
Agents
If we sell the New Bonds through agents, the applicable prospectus supplement will set forth the
name of any agent involved in the offer or sale of the New Bonds as well as any commissions we will
pay to them. Unless otherwise indicated in the applicable prospectus supplement, any agent will be
acting on a best efforts basis for the period of its appointment.
Related Transactions
Underwriters, dealers and agents (or their affiliates) may engage in transactions with, or perform
services for, us or our affiliates in the ordinary course of business.
Indemnification
We will agree to indemnify any underwriters, dealers, agents or purchasers and their controlling
persons against certain civil liabilities, including liabilities under the Securities Act.
Listing
Unless otherwise specified in the applicable prospectus supplement, the New Bonds will not be
listed on a national securities exchange or the Nasdaq Stock Market. No assurance can be given that
any broker-dealer will make a market in any series of the New Bonds and, in any event, no assurance
can be given as to the liquidity of the trading market for any of the New Bonds.
EXPERTS
The financial statements, and the related financial statement schedule, incorporated in this
prospectus by reference from Entergy Louisiana, LLCs Annual Report on Form 10-K for the year ended
December 31, 2009, and the effectiveness of Entergy Louisiana, LLCs internal control
over financial reporting have been audited by Deloitte & Touche LLP, an independent registered
public accounting firm, as stated in their reports, which are incorporated herein by reference.
Such financial statements and financial statement schedule have been so incorporated in reliance
upon the reports of such firm given upon their authority as experts in accounting and auditing.
LEGALITY
The legality of the New Bonds will be passed upon for us by Dawn Abuso, Esq., Senior Counsel -
Corporate and Securities, of Entergy Services, Inc., New Orleans, Louisiana, Morgan, Lewis &
Bockius LLP, New York, New York, and Clark, Thomas & Winters, A Professional Corporation, Austin,
Texas. Certain legal matters with respect to the offering of the New Bonds will be passed upon for
the underwriters by Pillsbury Winthrop Shaw Pittman LLP, New York, New York. Pillsbury Winthrop
Shaw Pittman LLP regularly represents us and our affiliates in connection with various matters.
Morgan, Lewis & Bockius LLP may rely on the opinion of Dawn Abuso, Esq., as to matters of Louisiana
law relevant to its opinion, and on the opinion of Clark, Thomas & Winters, A Professional
Corporation, as to matters of Texas law relevant to its opinion. Matters pertaining to New York law
will be passed upon by Morgan, Lewis & Bockius LLP, our New York counsel.
14
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution.
|
|
|
|
|
Filing Fees-Securities and Exchange Commission:
|
|
|
|
|
Registration Statement
|
|
$
|
+
|
|
Rating Agencies fees
|
|
|
*
|
|
Trustees fees
|
|
|
*
|
|
Fees of Companies Counsel
|
|
|
*
|
|
Fees of Entergy Services, Inc.
|
|
|
*
|
|
Accounting fees
|
|
|
*
|
|
Printing and engraving costs
|
|
|
*
|
|
Miscellaneous expenses (including Blue-Sky expenses)
|
|
|
*
|
|
|
|
|
|
|
Total Expenses
|
|
$
|
*
|
|
|
|
|
|
|
|
|
|
+
|
|
In accordance with Rules 456(b) and 457(r) under the Securities Act of 1933, the registrants are
deferring payment of the registration fee for the securities covered by this registration statement
except for $44,860 that has already been paid with respect to securities that were previously
registered by certain of the registrants but were never sold, as more fully described in footnote
(1) to the Calculation of Registration Fee Table on the facing page of this registration statement.
|
|
*
|
|
Estimated expenses are not presently known because an indeterminate amount of securities is
covered by this registration statement.
|
Item 15. Indemnification of Directors and Officers.
ENTERGY CORPORATION
Entergy Corporation is a corporation organized under the laws of the State of Delaware.
Section 102(b)(7) of the Delaware General Corporation Law (DGCL) permits a corporation to
provide in its certificate of incorporation that a director of the corporation shall not be
personally liable to the corporation or its stockholders for monetary damages for breach of
fiduciary duty as a director, except for liability for any breach of the directors duty of loyalty
to the corporation or its stockholders, for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, for unlawful payments of dividends or
unlawful stock repurchases, redemptions or other distributions, or for any transaction from which
the director derived an improper personal benefit.
II-1
Section 145 of the DGCL provides that a corporation has the power to indemnify a director, officer,
employee or agent of the corporation and certain other persons serving at the request of the
corporation in related capacities against amounts paid and expenses incurred in connection with an
action or proceeding to which he is or is threatened to be made a party by reason of such position,
if such person shall have acted in good faith and in a manner he reasonably believed to be in or
not opposed to the best interest of the corporation, and, in any criminal proceeding, if such
person had no reasonable cause to believe his conduct was unlawful; provided that, in the case of
actions brought by or in the right of the corporation, no indemnification shall be made with
respect to any matter as to which such person shall have been adjudged to be liable to the
corporation unless and only to the extent that the adjudicating court determines that such
indemnification is proper under the circumstances.
Entergy Corporations Restated Certificate of Incorporation provides that its directors shall not
be personally liable to it or its stockholders for monetary damages for breach of fiduciary duty as
a director to the fullest extent permitted by the DGCL. Entergy Corporations Restated Certificate
of Incorporation further provides that it shall indemnify its directors and officers to the fullest
extent authorized or permitted by the DGCL, and such right to indemnification shall continue as to
a person who has ceased to be a director or officer of Entergy Corporation and shall inure to the
benefit of his or her heirs, executors and administrators. The right to indemnification conferred
by Entergy Corporations Restated Certificate of Incorporation also includes the right to be paid
by Entergy Corporation the expenses incurred in defending or otherwise participating in any
proceeding in advance of its final disposition. Entergy Corporations Bylaws, as amended, provide,
to the extent authorized from time to time by the board of directors, rights to indemnification to
its employees and agents who are not directors or officers similar to those conferred to its
directors and officers.
ENTERGY ARKANSAS, INC.
Entergy Arkansas, Inc. has insurance covering its expenditures that might arise in connection with
its lawful indemnification of its directors and officers for certain of their liabilities and
expenses. Entergy Arkansas, Inc.s directors and officers also have insurance that insures them
against certain other liabilities and expenses. The corporation laws of Arkansas permit
indemnification of directors and officers in a variety of circumstances, which may include
liabilities under the Securities Act of 1933, and, under Entergy Arkansas, Inc.s Second Amended
and Restated Articles of Incorporation, its officers and directors may generally be indemnified to
the full extent of such laws.
ENTERGY GULF STATES LOUISIANA, L.L.C.
Entergy Gulf States Louisiana, L.L.C. has insurance covering its expenditures that might arise in
connection with its lawful indemnification of its directors and officers for certain of their
liabilities and expenses. Entergy Gulf States Louisiana, L.L.C.s directors and officers also have
insurance that insures them against certain other liabilities and expenses. The limited liability
company laws of Louisiana permit indemnification of directors and officers in a variety of
circumstances, which may include liabilities under the Securities Act of 1933, and, under
II-2
Entergy Gulf States Louisiana, L.L.C.s Articles of Organization and its Operating Agreement, its
officers and directors may generally be indemnified to the full extent of such laws.
ENTERGY LOUISIANA, LLC
Entergy Louisiana, LLC has insurance covering its expenditures that might arise in connection with
its lawful indemnification of its directors and officers for certain of their liabilities and
expenses. Entergy Louisiana, LLCs directors and officers also have insurance that insures them
against certain other liabilities and expenses. The limited liability company laws of Texas permit
indemnification of directors and officers in a variety of circumstances, which may include
liabilities under the Securities Act of 1933, and, under Entergy Louisiana, LLCs Articles of
Organization and Regulations, its directors and officers may generally be indemnified to the full
extent of such laws.
Item 16. Exhibits.
See the Exhibit Index at the end of this registration statement.
Item 17. Undertakings.
Each of the undersigned registrants hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment
to this registration statement:
|
(i)
|
|
To include any prospectus required by Section 10(a)(3) of the Securities
Act of 1933;
|
|
|
(ii)
|
|
To reflect in the prospectus any facts or events arising after the
effective date of this registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in this registration statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in
the aggregate, the changes in volume and price represent no more than a 20 percent
change in the maximum aggregate offering price set forth in the Calculation of
Registration Fee table in the effective registration statement; and
|
|
|
(iii)
|
|
To include any material information with respect to the plan of
distribution not previously disclosed in this registration statement or any material
change to such information in this registration statement;
|
provided, however,
that paragraphs (1)(i), (1)(ii) and (1)(iii) of this section do not apply if the
information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the SEC by the registrant pursuant to section 13 or 15(d) of
the Securities Exchange Act of 1934, that are incorporated by reference in the
II-3
registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that
is a part of the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered herein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Securities Act of 1933 to any
purchaser:
|
(i)
|
|
Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be
deemed to be a part of the registration statement as of the date the filed prospectus
was deemed part of and included in the registration statement; and
|
|
|
(ii)
|
|
Each prospectus required to be filed pursuant to Rule 424 (b)(2), (b)(5),
or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an
offering made pursuant to Rule 415 (a)(1)(i), (vii), or (x) for the purpose of
providing the information required by section 10(a) of the Securities Act of 1933
shall be deemed to be part of and included in the registration statement as of the
earlier of the date such form of prospectus is first used after effectiveness or the
date of the first contract of sale of securities in the offering described in the
prospectus. As provided in Rule 430B, for liability purposes of the issuer and any
person that is at that date an underwriter, such date shall be deemed to be a new
effective date of the registration statement relating to the securities in the
registration statement to which that prospectus relates, and the offering of such
securities at that time shall be deemed to be the initial
bona fide
offering thereof.
Provided, however
, that no statement made in a registration statement or prospectus
that is part of the registration statement or made in a document incorporated or
deemed incorporated by reference into the registration statement or prospectus that
is part of the registration statement will, as to a purchaser with a time of contract
of sale prior to such effective date, supersede or modify any statement that was made
in the registration statement or prospectus that was part of the registration
statement or made in any such document immediately prior to such effective date.
|
(5) That, for the purpose of determining liability of the registrant under the Securities Act of
1933 to any purchaser in the initial distribution of the securities, that in a primary offering of
securities of the undersigned registrant pursuant to this registration statement, regardless of the
underwriting method used to sell the securities to the purchaser, if the securities are offered or
sold to such purchaser by means of any of the following communications, the undersigned registrant
will be a seller to the purchaser and will be considered to offer or sell such securities to such
purchaser:
II-4
|
(i)
|
|
any preliminary prospectus or prospectus of the undersigned registrant
relating to the offering required to be filed pursuant to Rule 424;
|
|
|
(ii)
|
|
any free writing prospectus relating to the offering prepared by or on
behalf of the undersigned registrant or used or referred to by the undersigned
registrant;
|
|
|
(iii)
|
|
the portion of any other free writing prospectus relating to the offering
containing material information about the undersigned registrant or its securities
provided by or on behalf of the undersigned registrant; and
|
|
|
(iv)
|
|
any other communication that is an offer in the offering made by the
undersigned registrant to the purchaser.
|
(6) That, for purposes of determining any liability under the Securities Act of 1933, each filing
of the registrants annual report pursuant to section 13(a) or 15(d) of the Securities Exchange Act
of 1934 (and, where applicable, each filing of an employee benefit plans annual report pursuant to
section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(7) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy
as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.
II-5
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Entergy Corporation certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3
and has duly caused this Post-Effective Amendment No. 1 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New Orleans, State of Louisiana, on
September 20, 2010.
|
|
|
|
|
|
ENTERGY CORPORATION
|
|
|
By:
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
Theodore H. Bunting, Jr.
|
|
|
|
Senior Vice President and
Chief Accounting Officer
|
|
|
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective
Amendment No. 1 has been signed by the following persons in the capacities and on the dates
indicated.
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
|
|
|
J. Wayne Leonard
|
|
Chairman of the Board and
Chief Executive Officer
(Principal Executive Officer)
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Leo P. Denault
|
|
Executive Vice President
and Chief Financial Officer
(Principal Financial Officer)
|
|
September 20, 2010
|
|
|
|
|
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
|
Theodore H. Bunting, Jr.
|
|
Senior Vice President and
Chief Accounting Officer
(Principal Accounting Officer)
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Maureen Scannell Bateman
|
|
Director
|
|
September 20, 2010
|
S-1
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
|
|
|
W. Frank Blount
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Gary W. Edwards
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Alexis M. Herman
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Donald C. Hintz
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Stuart L. Levenick
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Stewart C. Myers
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
James R. Nichols
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
William A. Percy, II
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
W.J. Billy Tauzin
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Steven V. Wilkinson
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
*
|
By:
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
Theodore H. Bunting, Jr.
|
|
|
|
Attorney-in-Fact
|
|
S-2
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Entergy Arkansas, Inc. certifies
that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S-3 and has duly caused this Post-Effective Amendment No. 1 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New Orleans, State of Louisiana, on
September 20, 2010.
|
|
|
|
|
|
ENTERGY ARKANSAS, INC.
|
|
|
By:
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
Theodore H. Bunting, Jr.
|
|
|
|
Senior Vice President and
Chief Accounting Officer
|
|
|
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears immediately below
constitutes and appoints Theodore H. Bunting, Jr., Steven C. McNeal, and Frank Williford, and each
of them, his true and lawful attorney-in-fact and agent, with full power of substitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to the Registration Statement and to file the same with all
exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorney-in-fact and agent full power and authority to do and to
perform each and every act and thing requisite and necessary to be done, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or cause to be done by
virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective
Amendment No. 1 has been signed by the following persons in the capacities and on the dates
indicated.
S-3
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
|
|
|
Hugh T. McDonald
|
|
Chairman of the Board,
President and
Chief Executive Officer
(Principal Executive Officer)
|
|
September 20, 2010
|
|
|
|
|
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
|
Theodore H. Bunting, Jr.
|
|
Senior Vice President and
Chief Accounting Officer
(Principal Accounting
Officer and acting Principal
Financial Officer)
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Leo P. Denault
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Mark T. Savoff
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Gary J. Taylor
|
|
Director
|
|
September 20, 2010
|
S-4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Entergy Gulf States Louisiana,
L.L.C. certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-3 and has duly caused this Post-Effective Amendment No. 1 to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of New Orleans, State of
Louisiana, on September 20, 2010.
|
|
|
|
|
|
ENTERGY GULF STATES LOUISIANA, L.L.C.
|
|
|
By:
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
Theodore H. Bunting, Jr.
|
|
|
|
Senior Vice President and
Chief Accounting Officer
|
|
|
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears immediately below
constitutes and appoints Theodore H. Bunting, Jr., Steven C. McNeal, and Frank Williford, and each
of them, his true and lawful attorney-in-fact and agent, with full power of substitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to the Registration Statement and to file the same with all
exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorney-in-fact and agent full power and authority to do and to
perform each and every act and thing requisite and necessary to be done, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or cause to be done by
virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective
Amendment No. 1 has been signed by the following persons in the capacities and on the dates
indicated.
S-5
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
|
|
|
William M. Mohl
|
|
Chairman of the Board,
President and
Chief Executive Officer
(Principal Executive Officer)
|
|
September 20, 2010
|
|
|
|
|
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
|
Theodore H. Bunting, Jr.
|
|
Senior Vice President and
Chief Accounting Officer
(Principal Accounting
Officer and acting Principal
Financial Officer)
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Leo P. Denault
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Mark T. Savoff
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Gary J. Taylor
|
|
Director
|
|
September 20, 2010
|
S-6
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Entergy Louisiana, LLC certifies
that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S-3 and has duly caused this Post-Effective Amendment No. 1 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New Orleans, State of Louisiana, on
September 20, 2010.
|
|
|
|
|
|
ENTERGY LOUISIANA, LLC
|
|
|
By:
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
Theodore H. Bunting, Jr.
|
|
|
|
Senior Vice President and
Chief Accounting Officer
|
|
|
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears immediately below
constitutes and appoints Theodore H. Bunting, Jr., Steven C. McNeal, and Frank Williford, and each
of them, his true and lawful attorney-in-fact and agent, with full power of substitution, for him
and in his name, place, and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to the Registration Statement and to file the same with all
exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorney-in-fact and agent full power and authority to do and to
perform each and every act and thing requisite and necessary to be done, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or cause to be done by
virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective
Amendment No. 1 has been signed by the following persons in the capacities and on the dates
indicated.
S-7
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
|
|
|
William M. Mohl
|
|
Chairman of the Board,
President and
Chief Executive Officer
(Principal Executive Officer)
|
|
September 20, 2010
|
|
|
|
|
|
/s/ Theodore H. Bunting, Jr.
|
|
|
|
|
Theodore H. Bunting, Jr.
|
|
Senior Vice President and
Chief Accounting Officer
(Principal Accounting
Officer and acting Principal
Financial Officer)
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Leo P. Denault
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Mark T. Savoff
|
|
Director
|
|
September 20, 2010
|
|
|
|
|
|
|
|
|
|
|
Gary J. Taylor
|
|
Director
|
|
September 20, 2010
|
S-8
EXHIBIT INDEX
|
|
|
Number
|
|
Description of Exhibit
|
**1.01
|
|
Form of Underwriting Agreement relating to the Entergy Corporation
debt securities.
|
|
|
|
*1.02
|
|
Form of Underwriting Agreement relating to the Entergy Arkansas,
Inc. first mortgage bonds (filed as Exhibit 1.01 to Entergy
Arkansas, Inc.s Registration Statement on Form S-3, Registration
No. 333-159157).
|
|
|
|
*1.03
|
|
Form of Underwriting Agreement relating to the Entergy Gulf States
Louisiana, L.L.C. first mortgage bonds (filed as Exhibit 1.01 to
Entergy Gulf States Louisiana, L.L.C.s Registration Statement on
Form S-3, Registration No. 333-156435).
|
|
|
|
*1.04
|
|
Form of Underwriting Agreement relating to the Entergy Louisiana,
LLC first mortgage bonds (filed as Exhibit 1.01 to Entergy
Louisiana, LLCs Registration Statement on Form S-3, Registration
No. 333-159158).
|
|
|
|
**4.01
|
|
Form of indenture between Entergy Corporation and Wells Fargo Bank,
National Association, as Trustee, pursuant to which the Entergy
Corporation debt securities will be issued.
|
|
|
|
*4.02
|
|
Mortgage and Deed of Trust of Entergy Arkansas, Inc., dated as of
October 1, 1944, as amended by sixty-eight Supplemental Indentures
(7(d) in 2-5463 (Mortgage); 7(b) in 2-7121 (First); 7(c) in 2-7605
(Second); 7(d) in 2-8100 (Third); 7(a)-4 in 2-8482 (Fourth); 7(a)-5
in 2-9149 (Fifth); 4(a)-6 in 2-9789 (Sixth); 4(a)-7 in 2-10261
(Seventh); 4(a)-8 in 2-11043 (Eighth); 2(b)-9 in 2-11468 (Ninth);
2(b)-10 in 2-15767 (Tenth); D in 70-3952 (Eleventh); D in 70-4099
(Twelfth); 4(d) in 2-23185 (Thirteenth); 2(c) in 2-24414
(Fourteenth); 2(c) in 2-25913 (Fifteenth); 2(c) in 2-28869
(Sixteenth); 2(d) in 2-28869 (Seventeenth); 2(c) in 2-35107
(Eighteenth); 2(d) in 2-36646 (Nineteenth); 2(c) in 2-39253
(Twentieth); 2(c) in 2-41080 (Twenty-first); C-1 to Rule 24
Certificate in 70-5151 (Twenty-second); C-1 to Rule 24 Certificate
in 70-5257 (Twenty-third); C to Rule 24 Certificate in 70-5343
(Twenty-fourth); C-1 to Rule 24 Certificate in 70-5404
(Twenty-fifth); C to Rule 24 Certificate in 70-5502 (Twenty-sixth);
C-1 to Rule 24 Certificate in 70-5556 (Twenty-seventh); C-1 to Rule
24 Certificate in 70-5693 (Twenty-eighth); C-1 to Rule 24
Certificate in 70-6078 (Twenty-ninth); C-1 to Rule 24 Certificate in
70-6174 (Thirtieth); C-1 to Rule 24 Certificate in 70-6246
(Thirty-first); C-1 to Rule 24 Certificate in 70-6498
(Thirty-second); A-4b-2 to Rule 24 Certificate in 70-6326
(Thirty-third); C-1 to Rule 24 Certificate in 70-6607
(Thirty-fourth); C-1 to Rule 24 Certificate in 70-6650
(Thirty-fifth); C-1 to Rule 24 Certificate dated December 1, 1982 in
70-6774 (Thirty-sixth); C-1 to Rule 24 Certificate dated February
17, 1983 in 70-6774 (Thirty-seventh); A-2(a) to Rule 24 Certificate
dated December 5, 1984 in 70-6858 (Thirty-eighth); A-3(a) to Rule 24
Certificate in 70-7127 (Thirty-ninth); A-7 to Rule 24 Certificate in
70-7068 (Fortieth); A-8(b) to Rule 24 Certificate dated July 6, 1989
in 70-7346 (Forty-first); A-8(c) to Rule 24 Certificate dated
|
E-1
|
|
|
Number
|
|
Description of Exhibit
|
|
|
February 1, 1990 in 70-7346 (Forty-second); 4 to Form 10-Q for the
quarter ended September 30, 1990 in 1-10764 (Forty-third); A-2(a) to
Rule 24 Certificate dated November 30, 1990 in 70-7802
(Forty-fourth); A-2(b) to Rule 24 Certificate dated January 24, 1991
in 70-7802 (Forty-fifth); 4(d)(2) in 33-54298 (Forty-sixth); 4(c)(2)
to Form 10-K for the year ended December 31, 1992 in 1-10764
(Forty-seventh); 4(b) to Form 10-Q for the quarter ended June 30,
1993 in 1-10764 (Forty-eighth); 4(c) to Form 10-Q for the quarter
ended June 30, 1993 in 1-10764 (Forty-ninth); 4(b) to Form 10-Q for
the quarter ended September 30, 1993 in 1-10764 (Fiftieth); 4(c) to
Form 10-Q for the quarter ended September 30, 1993 in 1-10764
(Fifty-first); 4(a) to Form 10-Q for the quarter ended June 30, 1994
in 1-10764 (Fifty-second); C-2 to Form U5S for the year ended
December 31, 1995 (Fifty-third); C-2(a) to Form U5S for the year
ended December 31, 1996 (Fifty-fourth); 4(a) to Form 10-Q for the
quarter ended March 31, 2000 in 1-10764 (Fifty-fifth); 4(a) to Form
10-Q for the quarter ended September 30, 2001 in 1-10764
(Fifty-sixth); C-2(a) to Form U5S for the year ended December 31,
2001 (Fifty-seventh); 4(c)1 to Form 10-K for the year December 31,
2002 in 1-10764 (Fifty-eighth); 4(a) to Form 10-Q for the quarter
ended June 30, 2003 in 1-10764 (Fifty-ninth); 4(f) to Form 10-Q for
the quarter ended June 30, 2003 in 1-10764 (Sixtieth); 4(h) to Form
10-Q for the quarter ended June 30, 2003 in 1-10764 (Sixty-first);
4(e) to Form 10-Q for the quarter ended September 30, 2004 in
1-10764 (Sixty-second); 4(c)1 to Form 10-K for the year December 31,
2004 in 1-10764 (Sixty-third); C-2(a) to Form U5S for the year ended
December 31, 2004 (Sixty-fourth); 4(c) to Form 10-Q for the quarter
ended June 30, 2005 in 1-10764 (Sixty-fifth); 4(a) to Form 10-Q for
the quarter ended June 30, 2005 in 1-10764 (Sixty-sixth); 4(b) to
Form 10-Q for the quarter ended June 30, 2008 in 1-10764
(Sixty-seventh); and 4(c)1 to Form 10-K for the year ended December
31, 2008 in 1-10764 (Sixty-eighth)).
|
|
|
|
*4.03
|
|
Indenture of Mortgage of Entergy Gulf States Louisiana, L.L.C.,
dated September 1, 1926, as amended by certain Supplemental
Indentures (B-a-I-1 in Registration No. 2-2449 (Mortgage); 7-A-9 in
Registration No. 2-6893 (Seventh); B to Form 8-K dated September 1,
1959 (Eighteenth); B to Form 8-K dated February 1, 1966
(Twenty-second); B to Form 8-K dated March 1, 1967 (Twenty-third); C
to Form 8-K dated March 1, 1968 (Twenty-fourth); B to Form 8-K dated
November 1, 1968 (Twenty-fifth); B to Form 8-K dated April 1, 1969
(Twenty-sixth); 2-A-8 in Registration No. 2-66612 (Thirty-eighth);
4-2 to Form 10-K for the year ended December 31, 1984 in 1-27031
(Forty-eighth); 4-2 to Form 10-K for the year ended December 31,
1988 in 1-27031 (Fifty-second); 4 to Form 10-K for the year ended
December 31, 1991 in 1-27031 (Fifty-third); 4 to Form 8-K dated July
29, 1992 in 1-27031 (Fifth-fourth); 4 to Form 10-K dated December
31, 1992 in 1-27031 (Fifty-fifth); 4 to Form 10-Q for the quarter
ended March 31, 1993 in 1-27031 (Fifty-sixth); 4-2 to Amendment No.
9 to Registration No. 2-76551 (Fifty-seventh); 4(b) to Form 10-Q for
the quarter ended March 31,1999 in 1-27031 (Fifty-eighth); A-2(a) to
Rule 24 Certificate dated June 23, 2000 in 70-8721 (Fifty-ninth);
A-2(a) to Rule 24 Certificate dated September 10, 2001 in 70-9751
(Sixtieth); A-2(b) to Rule 24 Certificate dated November 18, 2002 in
70-9751 (Sixty-first); A-2(c) to Rule 24 Certificate dated December
6, 2002 in 70-9751 (Sixty-second); A-2(d) to Rule 24
|
E-2
|
|
|
Number
|
|
Description of Exhibit
|
|
|
Certificate
dated June 16, 2003 in 70-9751 (Sixty-third); A-2(e) to Rule 24
Certificate dated June 27, 2003 in 70-9751 (Sixty-fourth); A-2(f) to
Rule 24 Certificate dated July 11, 2003 in 70-9751 (Sixty-fifth);
A-2(g) to Rule 24 Certificate dated July 28, 2003 in 70-9751
(Sixty-sixth); A-3(i) to Rule 24 Certificate dated November 4, 2004
in 70-10158 (Sixty-seventh); A-3(ii) to Rule 24 Certificate dated
November 23, 2004 in 70-10158 (Sixty-eighth); A-3(iii) to Rule 24
Certificate dated February 16, 2005 in 70-10158 (Sixty-ninth);
A-3(iv) to Rule 24 Certificate dated June 2, 2005 in 70-10158
(Seventieth); A-3(v) to Rule 24 Certificate dated July 21, 2005 in
70-10158 (Seventy-first); A-3(vi) to Rule 24 Certificate dated
October 7, 2005 in 70-10158 (Seventy-second); A-3(vii) to Rule 24
Certificate dated December 19, 2005 in 70-10158 (Seventy-third);
4(a) to Form 10-Q for the quarter ended March 31, 2006 in 1-27031
(Seventy-fourth); 4(iv) to Form 8-K15D5 dated January 7, 2008 in
333-148557 (Seventy-fifth); 4(a) to Form 10-Q for the quarter ended
June 30, 2008 in 333-148557 (Seventy-sixth); and 4(a) to Form 10-Q
for the quarter ended September 30, 2009 in 0-20371
(Seventy-seventh)).
|
|
|
|
*4.04
|
|
Mortgage and Deed of Trust of Entergy Louisiana, LLC, dated as of
April 1, 1944, as amended by sixty-seven Supplemental Indentures
(7(d) in 2-5317 (Mortgage); 7(b) in 2-7408 (First); 7(c) in 2-8636
(Second); 4(b)-3 in 2-10412 (Third); 4(b)-4 in 2-12264 (Fourth);
2(b)-5 in 2-12936 (Fifth); D in 70-3862 (Sixth); 2(b)-7 in 2-22340
(Seventh); 2(c) in 2-24429 (Eighth); 4(c)-9 in 2-25801 (Ninth);
4(c)-10 in 2-26911 (Tenth); 2(c) in 2-28123 (Eleventh); 2(c) in
2-34659 (Twelfth); C to Rule 24 Certificate in 70-4793 (Thirteenth);
2(b)-2 in 2-38378 (Fourteenth); 2(b)-2 in 2-39437 (Fifteenth);
2(b)-2 in 2-42523 (Sixteenth); C to Rule 24 Certificate in 70-5242
(Seventeenth); C to Rule 24 Certificate in 70-5330 (Eighteenth); C-1
to Rule 24 Certificate in 70-5449 (Nineteenth); C-1 to Rule 24
Certificate in 70-5550 (Twentieth); A-6(a) to Rule 24 Certificate in
70-5598 (Twenty-first); C-1 to Rule 24 Certificate in 70-5711
(Twenty-second); C-1 to Rule 24 Certificate in 70-5919
(Twenty-third); C-1 to Rule 24 Certificate in 70-6102
(Twenty-fourth); C-1 to Rule 24 Certificate in 70-6169
(Twenty-fifth); C-1 to Rule 24 Certificate in 70-6278
(Twenty-sixth); C-1 to Rule 24 Certificate in 70-6355
(Twenty-seventh); C-1 to Rule 24 Certificate in 70-6508
(Twenty-eighth); C-1 to Rule 24 Certificate in 70-6556
(Twenty-ninth); C-1 to Rule 24 Certificate in 70-6635 (Thirtieth);
C-1 to Rule 24 Certificate in 70-6834 (Thirty-first); C-1 to Rule 24
Certificate in 70-6886 (Thirty-second); C-1 to Rule 24 Certificate
in 70-6993 (Thirty-third); C-2 to Rule 24 Certificate in 70-6993
(Thirty-fourth); C-3 to Rule 24 Certificate in 70-6993
(Thirty-fifth); A-2(a) to Rule 24 Certificate in 70-7166
(Thirty-sixth); A-2(a) in 70-7226 (Thirty-seventh); C-1 to Rule 24
Certificate in 70-7270 (Thirty-eighth); 4(a) to Quarterly Report on
Form 10-Q for the quarter ended June 30, 1988 in 1-8474
(Thirty-ninth); A-2(b) to Rule 24 Certificate in 70-7553 (Fortieth);
A-2(d) to Rule 24 Certificate in 70-7553 (Forty-first); A-3(a) to
Rule 24 Certificate in 70-7822 (Forty-second); A-3(b) to Rule 24
Certificate in 70-7822 (Forty-third); A-2(b) to Rule 24 Certificate
in 70-7822 (Forty-fourth); A-3(c) to Rule 24 Certificate in 70-7822
(Forty-fifth); A-2(c) to Rule 24 Certificate dated April 7, 1993 in
70-7822 (Forty-sixth); A-3(d) to Rule 24 Certificate dated June 4,
1993 in 70-7822 (Forth-
|
E-3
|
|
|
Number
|
|
Description of Exhibit
|
|
|
seventh); A-3(e) to Rule 24 Certificate dated
December 21, 1993 in 70-7822 (Forty-eighth); A-3(f) to Rule 24
Certificate dated August 1, 1994 in 70-7822 (Forty-ninth); A-4(c) to
Rule 24 Certificate dated September 28, 1994 in 70-7653 (Fiftieth);
A-2(a) to Rule 24 Certificate dated April 4, 1996 in 70-8487
(Fifty-first); A-2(a) to Rule 24 Certificate dated April 3, 1998 in
70-9141 (Fifty-second); A-2(b) to Rule 24 Certificate dated April 9,
1999 in 70-9141 (Fifty-third); A-3(a) to Rule 24 Certificate dated
July 6, 1999 in 70-9141 (Fifty-fourth); A-2(c) to Rule 24
Certificate dated June 2, 2000 in 70-9141 (Fifty-fifth); A-2(d) to
Rule 24 Certificate dated April 4, 2002 in 70-9141 (Fifty-sixth);
A-3(a) to Rule 24 Certificate dated March 30, 2004 in 70-10086
(Fifty-seventh); A-3(b) to Rule 24 Certificate dated October 15,
2004 in 70-10086 (Fifty-eighth); A-3(c) to Rule 24 Certificate dated
October 26, 2004 in 70-10086 (Fifty-ninth); A-3(d) to Rule 24
Certificate dated May 18, 2005 in 70-10086 (Sixtieth); A-3(e) to
Rule 24 Certificate dated August 25, 2005 in 70-10086 (Sixty-first);
A-3(f) to Rule 24 Certificate dated October 31, 2005 in 70-10086
(Sixty-second); B-4(i) to Rule 24 Certificate dated January 10, 2006
in 70-10324 (Sixty-third); B-4(ii) to Rule 24 Certificate dated
January 10, 2006 in 70-10324 (Sixty-fourth); 4(a) to Form 10-Q for
the quarter ended September 30, 2008 in 1-32718 (Sixty-fifth); 4(3)1
to Form 10-K for the year ended December 31, 2009 in 1-32718
(Sixty-sixth); and 4(a) to Form 10-Q for the quarter ended March 31,
2010 in 1-32718 (Sixty-seventh)).
|
|
|
|
**4.05
|
|
Form of officers certificate establishing the terms of one or more
series of Entergy Corporation debt securities.
|
|
|
|
*4.06
|
|
Form of Supplemental Indenture relating to the Entergy Arkansas,
Inc. first mortgage bonds (filed as Exhibit 4.02 to Entergy
Arkansas, Inc.s Registration Statement on Form S-3, Registration
No. 333-159157).
|
|
|
|
*4.07
|
|
Form of Supplemental Indenture relating to the Entergy Gulf States
Louisiana, L.L.C. first mortgage bonds (filed as Exhibit 4.02 to
Entergy Gulf States Louisiana, L.L.C.s Registration Statement on
Form S-3, Registration No. 333-156435).
|
|
|
|
*4.08
|
|
Form of Supplemental Indenture relating to the Entergy Louisiana,
LLC first mortgage bonds (filed as Exhibit 4.02 to Entergy
Louisiana, LLCs Registration Statement on Form S-3, Registration
No. 333-159158).
|
|
|
|
**5.01
|
|
Opinion of Morgan, Lewis & Bockius LLP with respect to the Entergy
Corporation debt securities.
|
|
|
|
5.02
|
|
Opinion of Morgan, Lewis & Bockius LLP with respect to the Entergy
Arkansas, Inc. first mortgage bonds.
|
|
|
|
5.03
|
|
Opinion of Friday, Eldredge & Clark, LLP with respect to the Entergy
Arkansas, Inc. first mortgage bonds.
|
|
|
|
5.04
|
|
Opinion of Morgan, Lewis & Bockius LLP with respect to the Entergy
Gulf States Louisiana, L.L.C. first mortgage bonds.
|
E-4
|
|
|
Number
|
|
Description of Exhibit
|
5.05
|
|
Opinion of Dawn Abuso, Esq., Senior Counsel-Corporate and Securities
of Entergy Services, Inc., with respect to the Entergy Gulf States
Louisiana, L.L.C. first mortgage bonds.
|
|
|
|
5.06
|
|
Opinion of Morgan, Lewis & Bockius LLP with respect to the Entergy
Louisiana, LLC first mortgage bonds.
|
|
|
|
5.07
|
|
Opinion of Dawn Abuso, Esq., Senior Counsel-Corporate and Securities
of Entergy Services, Inc., with respect to the Entergy Louisiana,
LLC first mortgage bonds.
|
|
|
|
5.08
|
|
Opinion of Clark, Thomas & Winters, a Professional Corporation, with
respect to the Entergy Louisiana, LLC first mortgage bonds.
|
|
|
|
**12.01
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Corporation.
|
|
|
|
*12.02
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Arkansas, Inc. (filed as Exhibit 12(a) to Entergy Arkansas,
Inc.s Quarterly Report on Form 10-Q for the quarter ended June 30,
2010).
|
|
|
|
12.03
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Arkansas, Inc. for the six months ended June 30, 2009 and
June 30, 2010.
|
|
|
|
*12.04
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Gulf States Louisiana, L.L.C. (filed as Exhibit 12(b) to
Entergy Gulf States Louisiana, L.L.C.s Quarterly Report on Form
10-Q for the quarter ended June 30, 2010).
|
|
|
|
12.05
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Gulf States Louisiana, L.L.C. for the six months ended June
30, 2009 and June 30, 2010.
|
|
|
|
*12.06
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Louisiana, LLC (filed as Exhibit 12(c) to Entergy Louisiana,
LLCs Quarterly Report on Form 10-Q for the quarter ended June 30,
2010).
|
|
|
|
12.07
|
|
Statement re: Computation of Ratio of Earnings to Fixed Charges of
Entergy Louisiana, LLC for the six months ended June 30, 2009 and
June 30, 2010.
|
|
|
|
**23.01
|
|
Consent of Deloitte & Touche LLP with respect to Entergy Corporation.
|
|
|
|
23.02
|
|
Consent of Deloitte & Touche LLP with respect to Entergy Arkansas,
Inc., Entergy Gulf States Louisiana, L.L.C. and Entergy Louisiana,
LLC.
|
|
|
|
**23.03
|
|
Consent of Morgan, Lewis & Bockius LLP with respect to its Opinion
relating to the Entergy Corporation debt securities.
|
|
|
|
23.04
|
|
Consent of Morgan, Lewis & Bockius LLP with respect to its Opinion
relating to the Entergy Arkansas, Inc. first mortgage bonds
(included in Exhibit 5.02 hereto).
|
|
|
|
23.05
|
|
Consent of Friday, Eldredge & Clark, LLP with respect to its Opinion
relating to the
|
E-5
|
|
|
Number
|
|
Description of Exhibit
|
|
|
Entergy Arkansas, Inc. first mortgage bonds
(included in Exhibit 5.03 hereto).
|
|
|
|
23.06
|
|
Consent of Morgan, Lewis & Bockius LLP with respect to its Opinion
relating to the
Entergy Gulf States Louisiana, L.L.C. first mortgage
bonds (included in Exhibit 5.04 hereto).
|
|
|
|
23.07
|
|
Consent of Dawn Abuso, Esq., Senior Counsel-Corporate & Securities
of Entergy Services, Inc., with respect to her Opinion relating to
the Entergy Gulf States Louisiana, L.L.C. first mortgage bonds
(included in Exhibit 5.05 hereto).
|
|
|
|
23.08
|
|
Consent of Morgan, Lewis & Bockius LLP with respect to its Opinion
relating to the Entergy Louisiana, LLC first mortgage bonds
(included in Exhibit 5.06 hereto).
|
|
|
|
23.09
|
|
Consent of Dawn Abuso, Esq., Senior Counsel-Corporate & Securities
of Entergy Services, Inc., with respect to her Opinion relating to
the Entergy Louisiana, LLC first mortgage bonds (included in Exhibit
5.07 hereto).
|
|
|
|
23.10
|
|
Consent of Clark, Thomas & Winters, a Professional Corporation, with
respect to the Entergy Louisiana, LLC first mortgage bonds (included
in Exhibit 5.08 hereto).
|
|
|
|
**24.01
|
|
Power of Attorney with respect to directors and officers signing the
registration statement on behalf of Entergy Corporation.
|
|
|
|
24.02
|
|
Power of Attorney of certain officers and directors of Entergy
Arkansas, Inc. (included on pages S-3 and S-4 hereof).
|
|
|
|
24.03
|
|
Power of Attorney of certain officers and directors of Entergy Gulf
States Louisiana, L.L.C. (included on pages S-5 and S-6 hereof).
|
|
|
|
24.04
|
|
Power of Attorney of certain officers and directors of Entergy
Louisiana, LLC (included on pages S-7 and S-8 hereof).
|
|
|
|
**25.01
|
|
Form T-1 Statement of Eligibility under the Trust Indenture Act of
1939 of Wells Fargo Bank, National Association, as Trustee in
respect of the debt securities of Entergy Corporation.
|
|
|
|
25.02
|
|
Form T-1 Statement of Eligibility under the Trust Indenture Act of
1939 of Deutsche Bank Trust Company Americas, as Corporate Trustee
in respect of the first mortgage bonds of Entergy Arkansas, Inc.
|
|
|
|
25.03
|
|
Form T-1 Statement of Eligibility under the Trust Indenture Act of
1939 of The Bank of New York Mellon Trust Company, N.A., as
Co-Trustee in respect of the first mortgage bonds of Entergy
Arkansas, Inc.
|
|
|
|
25.04
|
|
Form T-2 Statement of Eligibility under the Trust Indenture Act of
1939 of Stanley Burg, as Co-Trustee in respect of the first mortgage
bonds of Entergy Arkansas, Inc.
|
|
|
|
25.05
|
|
Form T-1 Statement of Eligibility under the Trust Indenture Act of
1939 of The Bank of New York Mellon, as Trustee in respect of the
first mortgage bonds of
|
|
|
|
|
|
|
E-6
|
|
|
Number
|
|
Description of Exhibit
|
|
|
Entergy Gulf States Louisiana, L.L.C.
|
|
|
|
25.06
|
|
Form T-1 Statement of Eligibility under the Trust Indenture Act of
1939 of The Bank of New York Mellon, as Trustee in respect of the
first mortgage bonds of Entergy Louisiana, LLC.
|
|
|
|
*
|
|
Incorporated by reference.
|
|
**
|
|
Previously filed.
|
E-7
Entergy Louisiana LLC (NYSE:ELB.CL)
過去 株価チャート
から 10 2024 まで 11 2024
Entergy Louisiana LLC (NYSE:ELB.CL)
過去 株価チャート
から 11 2023 まで 11 2024