Common Contracts

AGREEMENT IN PRINCIPLE

May 7th, 2015

• Filed
  May 7th, 2015

This Financing Order addresses the request of Entergy New Orleans, Inc. (“ENO”), under Act No. 64 of the Louisiana Regular Session of 2006, the “Louisiana Electric Utility Storm Recovery Securitization Act” (“Act 64”), codified at La. R.S. 45:1226–1236: (1) to authorize ENO to finance, through the issuance of storm recovery bonds, in an aggregate principal amount of approximately $99.0 million, related to ENO’s storm recovery activity costs, carrying costs on such storm recovery activity costs, funding and replenishing storm recovery reserves, and upfront financing costs associated with the issuance of storm recovery bonds; (2) to approve the proposed financing structure; (3) to approve the issuance of storm recovery bonds; (4) to create storm recovery property, including the right to impose and collect storm recovery charges sufficient to pay the storm recovery bonds and associated financing costs; (5) to approve a tariff to implement the storm recovery charges; and (6) to approve ano