The only effect of implementing this new standard for the domestic utility companies and System Energy will be the inclusion of long-term debt, preferred stock with sinking fund, and company-obligated mandatorily redeemable preferred securities under the liabilities caption in the domestic utility companies' and System Energy's balance sheets. Rule 13a-14(a)/15d-14(a) Certification for System Energy. A Current Report on Form 8-K, dated April 15, 2003, was submitted to the SEC on April 22, 2003, reporting information under Item 5. See "PART I, Item 1, Transmission" in the Form 10-K for discussion of the proposed SeTrans RTO. "Results of Operations and Financial Condition". Section 1350 Certification for Entergy Gulf States. In July 2003, Entergy Gulf States filed testimony in which it rebutted the testimony of the LPSC staff. Pursuant to the resolution of the matter, effective with the first billing cycle in June 2003, Entergy New Orleans credited $14.6 million to the purchased gas adjustment clause account, decreasing the cost responsibility of the gas customers, and debited $6.7 million to the electric fuel adjustment clause account, which increased the cost responsibility of Entergy New Orleans' retail electric customers. The common stockholder, by such consent, elected the following individuals to serve as directors constituting the Board of Directors of Entergy Louisiana: E. Renae Conley, Donald C. Hintz, Richard J. Smith, and C. John Wilder. NOTE 4. The audit will include a review of the reasonableness of charges flowed by Entergy Gulf States through its fuel adjustment clause in Louisiana for the period January 1, 1995 through December 1, 2002. The energy and transportation segment of Caterpillar Inc generated a net revenue of $17.470 billion in 2020, a decrease of $4.627 billion, or 21 percent, compared with … The net effect of implementing this standard for the rate-regulated portion of the domestic utility companies and System Energy was recorded as a regulatory asset, with no resulting impact on Entergy's net income. As discussed in Note 2 to the domestic utility companies and System Energy's financial statements in the Form 10-K, the APSC ordered Entergy Arkansas to use a 20-year life extension assumption for ANO 1 and 2 which resulted in the cessation of the collection of funds to decommission ANO 1 and 2 effective with the calendar year 2001, and approved the continued cessation of collection of funds during 2003. See "Management's Discussion and Analysis - Significant Factors and Known Trends" in the Form 10-K for a discussion of transition to retail competition, state and local regulatory risks, System Agreement proceedings, industrial, commercial, and wholesale customers, market and credit risks, nuclear matters, environmental risks, and litigation risks. The annual meeting of stockholders of Entergy Corporation was held on May 9, 2003. The United Allied States (UAS) announces July 30th as the inaugural election date of its first-ever President. LINES OF CREDIT, RELATED SHORT-TERM BORROWINGS, AND LONG-TERM DEBT. 3 (nuclear) of the Waterford Steam Electric Generating Station, 100% owned or leased by Entergy Louisiana, MANAGEMENT'S FINANCIAL DISCUSSION AND ANALYSIS. Net wholesale revenue increased $7.4 million primarily due to an increase in sales volume to non-associated companies and higher wholesale prices. "Results of Operations and Financial Condition". Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated TNK Trading International S.A. (TTI) for operating in the … Information About Freeport-McMoRan and Affiliated Subsidiaries Entergy has two plans that grant stock options, which are described more fully in Note 5 to the consolidated financial statements in the Form 10-K. [18] All but one of the 59 charges against Lee were eventually dropped because the investigation finally proved that the plans the Chinese obtained could not have come from Lee. Entergy's nuclear owner/licensees are members of certain insurance programs, underwritten by Nuclear Electric Insurance Limited (NEIL), that provide coverage for property damage, including decontamination and premature decommissioning expense, to members' nuclear generating plants. Licensees, contractors, or subsidiaries under the direction, supervision, responsibility On this page: Information about Freeport-McMoRan and Affiliated Subsidiaries; Information about Abandoned Uranium Mines on the Navajo Nation; Contact Information Refer to "Liquidity and Capital Resources" below for further discussion of future recovery of Entergy Mississippi's deferred fuel costs. Following is a summary of the activity through June 30, 2003 involving Entergy's 2003 and 2004 long-term debt maturities. In accordance with the settlement, Entergy Louisiana filed a revenue requirement analysis on June 27, 2003. Resolution of the matter also required that Entergy New Orleans forego recovery from its gas customers of approximately $3.6 million of gas costs, reflecting an adjustment that had been made in the purchased gas adjustment clause account as of January 2002. Sixty-fourth Supplemental Indenture, dated as of June 1, 2003, to Entergy Gulf States' Indenture of Mortgage, dated as of September 1, 1926 (filed as Exhibit A-2(e) to Rule 24 Certificate dated June 27, 2003 in File No. Stockholder proposal that the Board of Directors seek shareholder approval prior to adopting any poison pill: 82,249,678 votes for; 90,160,513 votes against; 16,373,926 broker non-votes; and 8,665,973 abstentions. See the Form 10-K for further discussion of Entergy's capital spending plans for 2003 through 2005. "Regulation FD Disclosure", and Item 12. In June 2003, the Supreme Court decided to hear the case. Interest charges decreased $11.4 million and $14.0 million for the second quarter and six months ended June 30, 2003 compared to the same periods in 2002, respectively, primarily due to: Fuel recovery mechanisms at the domestic utility companies generally provide for the deferral of fuel and purchased power costs above the amounts included in existing rates. Alon USA, LP is a wholly-owned subsidiary of Alon USA Energy, is an independent refiner and marketer of petroleum products operating primarily in the southwest and … Section 1350 Certification for Entergy Gulf States and Entergy Louisiana. To date, DOE SBIR/STTR programs have provided funding to thousands of small U. Jackson, Mississippi 39213 How to Research Public Companies Learn how to quickly research a company's operations and financial information with EDGAR search tools.. Form Types Review … Entergy Corporation and Entergy Gulf States. The Non-Utility Nuclear segment purchased $33 million more nuclear fuel in 2003 than in 2002 to provide for its scheduled refueling outages. The analysis reflected a deficiency, but Entergy Louisiana has not requested a change in rates. In April 2003, the LPSC staff filed testimony in which it recommended that the LPSC require a rate refund of $30.3 million and a prospective rate reduction of $75.9 million. Current on-site spent nuclear fuel storage capacity at Indian Point is now estimated to be sufficient until 2006, at which time planned additional dry cask storage capacity is to begin operation. In May 2003, in connection with the settlement relating to Entergy New Orleans' cost-of-service study and revenue requirement, the City Council authorized Entergy New Orleans to enter into contracts for the proposed transactions. Such statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. WASHINGTON- Three subsidiaries of North Carolina-based Duke Energy … increased regulatory charges of $13.7 million primarily due to the recognition in income in 2002 of the Louisiana portion of the unamortized deferred gain on the 1988 sale of Nelson Units 1 and 2. See Note 2 to the domestic utility companies and System Energy's financial statements in the Form 10-K for a discussion of Entergy Gulf States' ninth and last required post-merger analysis filed with the LPSC in May 2002. Additionally, negotiations continue with insurers for reimbursement of losses, while new coverage is being secured to minimize anticipated future potential exposures. See "Critical Accounting Estimates On April 4, 2003, witnesses on behalf of the FERC staff filed testimony in the proceeding suggesting that full production cost equalization should not be adopted by the FERC in this case, and that when measured over a suitably long period, the total production costs of the domestic utility companies were roughly equal and were likely to remain so, given the Entergy System's proposed resource plan. Unbilled revenue decreased $10.6 million due to less favorable sales volume primarily due to the effect of colder winter weather in December 2002. Section 1350 Certification for Entergy New Orleans. "Financial Statements, Pro Forma Financial Statements and Exhibits" and Item 9. Entergy's rights and obligations under the contracts for 22 of the turbines were sold to an independent special-purpose entity in May 2001. Second Quarter 2003 Compared to Second Quarter 2002. The new estimate is currently under review by the APSC and if approved will be used in the next annual determination of the nuclear decommissioning rate rider. The President serves as highest-level administrator and chief commander of police and military personnel. The current limits authorized are effective through November 30, 2004. United States Department of Energy: domestic utility companies: Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi, and Entergy New … See Note 2 to the domestic utility companies and System Energy's financial statements in the Form 10-K for a discussion of proceedings related to power purchases for the summers of 2000, 2001, and 2002. Three subsidiaries of North Carolina-based Duke Energy … The domestic utility companies and System Energy have calculated ratios of earnings to fixed charges and ratios of earnings to combined fixed charges and preferred dividends pursuant to Item 503 of Regulation S-K of the SEC as follows: Ratios of Earnings to Combined Fixed Charges an increase in taxes other than income taxes of $12.4 million primarily due to an increase at Entergy Louisiana of $12.2 million due to franchise tax adjustments recorded in 2002 as a result of a favorable court decision that allowed Entergy Louisiana to receive a refund for certain franchise taxes previously expensed and paid under protest. The increase in net cash used was partially offset by money pool activity and the payment to customers of a portion of the System Energy refund in the first quarter of 2002. Entergy Arkansas has implemented a planned financing program to address its long-term debt maturities and to restructure its debt portfolio, which will result in extended maturities, lowered rates, and additional flexibility. a decrease of $5.2 million and $4.8 million, respectively, at Entergy New Orleans primarily due to interest accrued in 2002 for potential rate actions and refunds and a true-up of those accruals in May 2003; and. Financing activities provided cash of $281.7 million for the six months ended June 30, 2003 compared to using $183.3 million in the same period of 2002 primarily due to the issuance of $600 million of long-term debt in June 2003, partially offset by $145 million more long-term debt retirements in 2003 than in 2002. Entergy Mississippi, Inc. The domestic utility companies' and System Energy's nuclear owner/licensees are members of certain insurance programs, underwritten by Nuclear Electric Insurance Limited (NEIL), that provide coverage for property damage, including decontamination and premature decommissioning expense, to members' nuclear generating plants. The evaluations assessed the effectiveness of the Registrants' disclosure controls and procedures. Resolution of the matter also required that Entergy New Orleans forego recovery from its gas customers of approximately $3.6 million of gas costs, reflecting an adjustment that had been made in the purchased gas adjustment clause account as of January 2002. resolution of pending and future rate cases and negotiations, including various performance-based rate discussions, and other regulatory decisions, including those related to Entergy's utility supply plan, Entergy's ability to reduce its operation and maintenance costs, particularly at its Non-Utility Nuclear generating facilities, including the uncertainty of negotiations with unions to agree to such reductions, the performance of Entergy's generating plants, and particularly the capacity factor at its nuclear generating facilities, prices for power generated by Entergy's unregulated generating facilities - particularly the ability to extend or replace the existing power purchase agreements for the Non-Utility Nuclear plants - and the prices and availability of power Entergy must purchase for its utility customers, Entergy's ability to develop and execute on a point of view regarding prices of electricity, natural gas, and other energy-related commodities, Entergy-Koch's profitability in trading electricity, natural gas, and other energy-related commodities, resolution of pending investigations of Entergy-Koch's trading practices, changes in the number of participants in the energy trading market, and in their creditworthiness and risk profile, changes in the financial markets, particularly those affecting the availability of capital and Entergy's ability to refinance existing debt and to fund investments and acquisitions, actions of rating agencies, including changes in the ratings of debt and preferred stock, Entergy's ability to purchase and sell assets at attractive prices and on other attractive terms, volatility and changes in markets for electricity, natural gas, and other energy-related commodities, changes in utility regulation, including the beginning or end of retail and wholesale competition, the ability to recover net utility assets and other potential stranded costs, and the establishment of SeTrans or another regional transmission organization, changes in regulation of nuclear generating facilities and nuclear materials and fuel, including possible shutdown of Indian Point or other nuclear generating facilities, changes in environmental, tax, and other laws, including requirements for reduced emissions of sulfur, nitrogen, carbon, and other substances, the economic climate, and particularly growth in Entergy's service territory, variations in weather, hurricanes, and other disasters, the potential impacts of threatened or actual terrorism and war, the success of Entergy's strategies to reduce taxes, changes in corporate governance and securities law requirements. See "Management's Discussion and Analysis - Liquidity and Capital Resources" in the Form 10-K for a discussion of Entergy Mississippi's uses and sources of capital. These proceedings and activities include ruling on market protocols; initiating a proceeding to certify an independent organization to administer the market protocols and ensure nondiscriminatory access to transmission and distribution systems; resuming business separation proceedings; re-invigorating the pilot project; and initiating a market-readiness proceeding. Beginning April 1, 2003, the maximum amounts of such possible assessments are $54.0 million for the U.S. Utility segment and $84.5 million for the Non-Utility Nuclear segment. Six Months Ended June 30, 2003 Compared to Six Months Ended June 30, 2002. In addition to borrowing from commercial banks, Entergy's subsidiaries are authorized to borrow from the Entergy System Money Pool (money pool). See Note 9 to the consolidated financial statements in the Form 10-K for information on certain warranties made by Entergy or its subsidiaries in the CitiPower and Saltend sales transactions. Three subsidiaries of North Carolina-based Duke Energy Corporation, the largest utility in the United States, pleaded guilty to nine criminal violations of the … For the U.S. Department of Education, see. Found inside – Page 67Energy Information Administration. Office of Statistical Standards. Instructions for completing Form EIA - 7A , " Coal Production Report " A. PURPOSE This survey collects coal production data from U.S. coal mining companies . Entergy-Koch adopted the net method of reporting for trading revenues in December 2001. Recorded liabilities in the amounts of $5.8 million for Entergy Louisiana and $0.5 million for Entergy New Orleans existed at June 30, 2003 for wastewater upgrades and closures. After considering further judicial courses of action available to it in the proceeding, Entergy Gulf States intends to file a petition for review by the Texas Supreme Court. As discussed in the Form 10-K, EKT uses value-at-risk models as one measure of the market risk of a loss in fair value for EKT's natural gas and power trading portfolio. The fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits. These liabilities are recorded at their fair values (which are likely to be the present values of the estimated future cash outflows) in the period in which they are incurred, with an accompanying addition to the recorded cost of the long-lived asset. The increase in decommissioning expense is offset by increases in other regulatory credits and interest and dividend income and has no effect on net income. CHARLOTTE, N.C. – The United States Attorney’s Offices for the Eastern, Middle, and Western Districts of North Carolina, along with the Department of Justice – Environmental Crimes Section, filed criminal charges today against three subsidiaries of Duke Energy Corporation: Duke Energy Business Services LLC, Duke Energy Carolinas LLC, and Duke Energy Progress, Inc. for multiple … Executive Order 13959—Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies—released on November 12, 2020 and as amended on … Added to the consolidated balance sheet flow of international trade, and System )... Stockholders was executed on March 31, 2004 well as waste disposal periods! Net Charges are discussed more fully below in the price applied to unbilled sales of its first-ever and. Expects SFAS 143, `` the color scheme is derived and the FERC also established a hearing to. 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