On December 23, 2008, Enexus Energy Corporation ("Enexus"), a subsidiary of Entergy Corporation ("Entergy"), executed a $1,175,000,000 credit agreement with the lenders and issuers from time to time party thereto; Citigroup Global Markets Inc. and Goldman Sachs Credit Partners L.P., as Arrangers; BNP Paribas, as Administrative Agent; The Bank of Nova Scotia, as Collateral Agent; and Mizuho Corporate Bank, Ltd, as Syndication Agent (the "Credit Agreement"). As previously announced, Entergy's Board of Directors approved a plan to pursue a separation of its Non-Utility Nuclear business from Entergy into a separate publicly-traded company. The spin-off is expected to be tax-free to Entergy and its shareholders. The transaction is subject to certain conditions precedent, including regulatory approvals and the final approval of the Entergy Board of Directors.
Enexus will not be permitted to draw down on the $1,175,000,000 amount until certain customary and transactional conditions are met on or prior to October 1, 2009, including the consummation of the spin-off of Enexus from Entergy. This summary is qualified in its entirety by the Credit Agreement attached as Exhibit 99.1 hereto and incorporated herein by reference.
Section 9-Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                   Description

   99.1       Credit Agreement dated December 23, 2008 by and among Enexus Energy
              Corporation, as Borrower; the Lenders and Issuers from time to time party
              thereto; Citigroup Global Markets Inc. and Goldman Sachs Credit Partners
              L.P., as Arrangers; BNP Paribas, as Administrative Agent; The Bank of Nova
              Scotia, as Collateral Agent; and Mizuho Corporate Bank, Ltd, as Syndication
              Agent