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ETR > SEC Filings for ETR > Form 8-K on 23-Dec-2013All Recent SEC Filings

Show all filings for ENTERGY CORP /DE/

Form 8-K for ENTERGY CORP /DE/


Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

Item 7.01. Regulation FD Disclosure.

On December 23, 2013, Entergy Corporation issued a press release, which is attached as Exhibit 99 hereto and incorporated herein by reference. The information in Exhibit 99 is being furnished, not filed, pursuant to this Item 7.01.

Item 8.01. Other Events.

On December 23, 2013, Entergy Corporation issued a press release announcing a settlement agreement with parties in Vermont regarding the remaining operation and decommissioning of the Vermont Yankee Nuclear Power Station in Vernon, Vermont. As a result of the settlement agreement, Entergy reassessed its assumptions regarding the timing of decommissioning cash flows. The reassessment is expected to result in an increase of approximately $30 million in Vermont Yankee's estimated decommissioning cost liability and a corresponding impairment charge, which will not result in future cash expenditures, in the fourth quarter 2013. In addition to the impairment charge, Entergy expects in the fourth quarter 2013 to accrue additional expenses that result from commitments in the settlement agreement. Entergy expects the total fourth quarter 2013 impairment charge and expenses resulting from the settlement agreement to be approximately $45 million ($29 million after-tax).

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

99 Release, dated December 23, 2013, issued by Entergy Corporation.

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