Public Utilities, Approved Debt Capital Structure, Percentage

[Table of Contents](#i6266d2788e5849989ad57be380853c2d_7)Entergy Corporation and SubsidiariesNotes to Financial Statements  
The commitment fees on the credit facilities range from 0.075% to 0.375% of the undrawn commitment amount for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy Texas, and of the entire facility amount for Entergy New Orleans. Each of the credit facilities requires the Registrant Subsidiary borrower to maintain a debt ratio, as defined, of 65% or less of its total capitalization. Each Registrant Subsidiary is in compliance with this covenant.  
In addition, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each entered into an uncommitted standby letter of credit facility as a means to post collateral to support its obligations to MISO. Following is a summary of the uncommitted standby letter of credit facilities as of December 31, 2021:

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| Company |  | Amount of Uncommitted Facility |  | Letter of Credit Fee |  | Letters of Credit Issued as of December 31, 2021 (a) (b) |
| Entergy Arkansas |  | $25 million |  | 0.78% |  | $8.5 million |
| Entergy Louisiana |  | $125 million |  | 0.78% |  | $15.0 million |
| Entergy Mississippi |  | $65 million |  | 0.78% |  | $9.3 million |
| Entergy New Orleans |  | $15 million |  | 1.00% |  | $1.0 million |
| Entergy Texas |  | $80 million |  | 0.875% |  | $79.6 million |

  
(a)     As of December 31, 2021, letters of credit posted with MISO covered financial transmission right exposure of $0.2 million for Entergy Mississippi and $0.1 million for Entergy Texas. See Note 15 to the financial statements for discussion of financial transmission rights. (b)    As of December 31, 2021, in addition to the $9.3 million MISO letter of credit, Entergy Mississippi has $1 million of non-MISO letters of credit outstanding under this facility.  
The short-term borrowings of the Registrant Subsidiaries are limited to amounts authorized by the FERC. The current FERC-authorized short-term borrowing limits for Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy are effective through October 2023. In addition to borrowings from commercial banks, these companies may also borrow from the Entergy System money pool and from other internal short-term borrowing arrangements.  The money pool and the other internal borrowing arrangements are inter-company borrowing arrangements designed to reduce the Utility subsidiaries’ dependence on external short-term borrowings.  Borrowings from internal and external short-term borrowings combined may not exceed the FERC-authorized limits.  The following are the FERC-authorized limits for short-term borrowings and the outstanding short-term borrowings as of December 31, 2021 (aggregating both internal and external short-term borrowings) for the Registrant Subsidiaries: 

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|  |  |  |  |  |  |  |  |  |  |  |  |
|   | Authorized |  | Borrowings |
|   | (In Millions) |
| Entergy Arkansas | $250 |  | $140 |
| Entergy Louisiana | $450 |  | $— |
| Entergy Mississippi | $175 |  | $— |
| Entergy New Orleans | $150 |  | $— |
| Entergy Texas | $200 |  | $80 |
| System Energy | $200 |  | $— |

  
Vermont Yankee Credit Facility (Entergy Corporation)  
In January 2019, Entergy Nuclear Vermont Yankee was transferred to NorthStar and its credit facility was assumed by Entergy Assets Management Operations, LLC (formerly Vermont Yankee Asset Retirement, LLC), Entergy Nuclear Vermont Yankee’s parent company that remains an Entergy subsidiary after the transfer. The 125
