Line of credit facility commitment fee as a percentage of undrawn commitment amount

[Table of Contents](#i6266d2788e5849989ad57be380853c2d_7)Entergy Corporation and SubsidiariesNotes to Financial Statements  
  
  
credit facility has a borrowing capacity of $139 million and expires in December 2022. The commitment fee is currently 0.20% of the undrawn commitment amount.  As of December 31, 2021, $139 million in cash borrowings were outstanding under the credit facility.  The weighted average interest rate for the year ended December 31, 2021 was 1.67% on the drawn portion of the facility. See Note 14 to the financial statements for discussion of the transfer of Entergy Nuclear Vermont Yankee to NorthStar.  
Variable Interest Entities (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, and System Energy)  
See Note 17 to the financial statements for a discussion of the consolidation of the nuclear fuel company variable interest entities (VIE).  To finance the acquisition and ownership of nuclear fuel, the nuclear fuel company VIEs have credit facilities and three of the four VIEs also issue commercial paper, details of which follow as of December 31, 2021: 

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| Company |  | Expiration Date |  | Amount of Facility |  | Weighted Average Interest Rate on Borrowings (a) |  | Amount Outstanding as of December 31, 2021 |
|   |  | (Dollars in Millions) |
| Entergy Arkansas VIE |  | June 2024 |  | $80 |  | 1.17% |  | $4.8 |
| Entergy Louisiana River Bend VIE  |  | June 2024 |  | $105 |  | 1.15% |  | $42.7 |
| Entergy Louisiana Waterford VIE |  | June 2024 |  | $105 |  | 1.16% |  | $39.6 |
| System Energy VIE |  | June 2024 |  | $120 |  | 1.16% |  | $36.1 |

  
(a)Includes letter of credit fees and bank fronting fees on commercial paper issuances by the nuclear fuel company variable interest entities for Entergy Arkansas, Entergy Louisiana, and System Energy. The nuclear fuel company variable interest entity for Entergy Louisiana River Bend does not issue commercial paper, but borrows directly on its bank credit facility.  
The commitment fees on the credit facilities are 0.100% of the undrawn commitment amount for the Entergy Arkansas, Entergy Louisiana, and System Energy VIEs. Each credit facility requires the respective lessee of nuclear fuel (Entergy Arkansas, Entergy Louisiana, or Entergy Corporation as guarantor for System Energy) to maintain a consolidated debt ratio, as defined, of 70% or less of its total capitalization. Each lessee is in compliance with this covenant.  
The nuclear fuel company variable interest entities had notes payable that are included in debt on the respective balance sheets as of December 31, 2021 as follows:

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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company |  | Description |  | Amount |
| Entergy Arkansas VIE |  | 3.17% Series M due December 2023 |  | $40 million |
| Entergy Arkansas VIE |  | 1.84% Series N due July 2026 |  | $90 million |
| Entergy Louisiana River Bend VIE |  | 2.51% Series V due June 2027 |  | $70 million |
| Entergy Louisiana Waterford VIE |  | 3.22% Series I due December 2023 |  | $20 million |
| System Energy VIE |  | 2.05% Series K due September 2027 |  | $90 million |

  
In accordance with regulatory treatment, interest on the nuclear fuel company variable interest entities’ credit facilities, commercial paper, and long-term notes payable is reported in fuel expense.  
Entergy Arkansas, Entergy Louisiana, and System Energy each has obtained financing authorization from the FERC that extend through October 2023 for issuances by their nuclear fuel company variable interest entities.   
  
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