Preferred Stock, Par or Stated Value Per Share

[Table of Contents](#i6266d2788e5849989ad57be380853c2d_7)Entergy Corporation and SubsidiariesNotes to Financial Statements  
  
  
(d)Currently, all shares are held by Entergy Corporation.(e)In December 2013, Entergy Finance Holding, Inc. issued 250,000 shares of $100 par value 8.75% Series Preferred Stock, all of which are outstanding as of December 31, 2021. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after December 16, 2023, at Entergy Finance Holding, Inc.’s option, at the fixed redemption price of $100 per share. Dollar amount outstanding is net of $751 thousand of preferred stock issuance costs.   
The number of shares authorized and outstanding and dollar value of preferred stock for Entergy Texas as of December 31, 2021 and 2020 are presented below.

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|   |  | SharesAuthorizedand Outstanding |  |  |  | Call Price perShare as ofDecember 31, |
|   |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |
| Entergy Texas Preferred Stock |  |   |  |   |  | (Dollars in Thousands) |  |   |
| Without sinking fund: |  |   |  |   |  |   |  |   |  |   |
| Cumulative, $25 par value: |  |   |  |   |  |   |  |   |  |   |
| 5.375% Series (a) |  | 1,400,000  |  |  | 1,400,000  |  |  | $35,000  |  |  | $35,000  |  |  | $—  |  |
| 5.10% Series (b) |  | 150,000  |  |  | —  |  |  | 3,750  |  |  | —  |  |  | $25.50  |  |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Total without sinking fund |  | 1,550,000  |  |  | 1,400,000  |  |  | $38,750  |  |  | $35,000  |  |  |   |

  
(a)In September 2019, Entergy Texas issued $35 million of 5.375% Series A Preferred Stock, a total of 1,400,000 shares with a liquidation value of $25 per share, all of which are outstanding as of December 31, 2021. The dividends are cumulative and payable quarterly. The preferred stock is redeemable on or after October 15, 2024 at Entergy Texas’s option, at a fixed redemption price of $25 per share. (b)In November 2021, Entergy Texas issued $3.75 million of 5.10% Series B Preferred Stock, a total of 150,000 shares with a liquidation value of $25 per share, all of which are outstanding and held by Entergy Corporation as of December 31, 2021. The dividends are cumulative and payable quarterly. The preferred stock is redeemable at Entergy Texas’s option at a fixed redemption price of $25.50 per share prior to November 1, 2026 and at a fixed redemption price of $25 per share on or after November 1, 2026.  
Dividends and distributions paid on all of Entergy Corporation’s subsidiaries’ preferred stock and membership interests series may be eligible for the dividends received deduction.  
The dollar value of noncontrolling interest for Entergy Arkansas as of December 31, 2021 and 2020 is presented below.

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2021 |  | 2020 |
|  | (Dollars in Thousands) |
| Entergy Arkansas Noncontrolling Interest |  |  |  |
| AR Searcy Partnership, LLC (a) | $33,110  |  |  | $—  |  |
| Total Noncontrolling Interest | $33,110  |  |  | $—  |  |

  
(a)In December 2021, AR Searcy Partnership, LLC, a tax equity partnership between Entergy Arkansas and a tax equity investor, acquired the Searcy Solar facility. Entergy Arkansas, as the managing member, consolidates AR Searcy Partnership, LLC and the tax equity investor’s interest is shown as noncontrolling interest in the financial statements. Entergy Arkansas uses the HLBV method of accounting for income or loss allocation to the tax equity investor’s noncontrolling interest. See Note 1 to the financial statements for further discussion on the presentation of the tax equity investor’s noncontrolling interest and the HLBV method of accounting used to account for the investment in AR Searcy Partnership, LLC.  
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