Entergy Arkansas settles ANO Stator cost recovery with APSC, writes off $78.4M

ENTERGY CORP /DE/

Entergy Arkansas and Arkansas Public Service Commission entered settlement in principle on Oct 27, 2023 resolving retail ratemaking matters.
Write-off of $68.9M deferred fuel regulatory asset and $9.5M undepreciated capital costs related to 2013 ANO Stator Incident.
Entergy Arkansas committed to forgo recovery of all incremental fuel, capital, O&M, and litigation costs from the incident.
Settlement not expected to materially affect Entergy's adjusted EPS outlooks or credit metric outlooks.
Write-offs treated as GAAP adjustments, excluded from non-GAAP adjusted earnings.

item 2.02 item 8.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.75

ENTERGY CORP /DE/ reported preliminary financial results for third quarter 2023.

Period: third quarter 2023
Result: preliminary results

Exact text from the filing

As a result of the settlement in principle described in Item 8.01 below, Entergy Arkansas, LLC’s (“Entergy Arkansas”) third quarter 2023 results will include write offs of its regulatory asset for deferred fuel in the amount of $68.9 million and the undepreciated balance of $9.5 million in capital costs related to the ANO Stator Incident (as defined below). These write offs will be considered an “adjustment” to Entergy’s generally accepted accounting principles (“GAAP”) net income, and therefore will not affect Entergy’s adjusted earnings per share (non-GAAP).

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Source: SEC EDGAR

accession 0000065984-23-000086

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