secwatch.observer — SEC 8-K summary
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Issuer:     ENTERGY LOUISIANA, LLC (ELC)
CIK:        0001348952
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0000065984-22-000083
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Entergy Louisiana closes $3.194B storm securitization, issues bonds to finance storm costs
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- $3,193,505,000 principal amount of bonds issued by Louisiana Local Government Environmental Facilities and Community Development Authority on May 19, 2022.
- Net proceeds used to purchase preferred membership interests in Entergy Finance, LLC, with a stated annual dividend rate of 7%.
- Annual dividends: 99% distributed to Entergy Louisiana, LLC, and 1% to Louisiana Utilities Restoration Corporation, after trust expenses.
- Securitization recovers costs from Hurricanes Laura, Delta, Zeta, Winter Storm Uri, and Hurricane Ida, approved by LPSC in March 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1348952/000006598422000083/0000065984-22-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65984/000006598422000083/etr-20220519.htm
  HTML page:      https://secwatch.observer/filing/0000065984-22-000083

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