Entergy Louisiana closes $1.49B securitization for storm cost recovery

ENTERGY LOUISIANA, LLC

Issued $1,491,485,000 in bonds via Louisiana Local Government Environmental Facilities and Community Development Authority.
Proceeds finance costs from Hurricanes Laura, Delta, Zeta, Ida and Winter Storm Uri.
Net proceeds contributed to trust that purchases preferred interests in Entergy Finance Company, LLC with 7.5% annual dividend.
Securitization authorized by Louisiana Public Service Commission order in January 2023.
Structure similar to prior $3.19B securitization closed in May 2022.

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