UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

~~November~~December 1916, ~~2021~~2022

Entergy New Orleans, LLC

(Exact name of registrant as specified in its charter)

Texas

1-35747

82-2212934

(State or other jurisdictionof incorporation)

(CommissionFile Number)

(IRS EmployerIdentification No.)

1600 Perdido Street, New Orleans, Louisiana

70112

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code

(504) 670-3700

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Class	Trading Symbol	Name of Each Exchange on Which Registered

Mortgage Bonds, 5.0% Series due December 2052	ENJ	New York Stock Exchange
Mortgage Bonds, 5.50% Series due April 2066	ENO	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 28.0301 ~~Creation~~Other ~~of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.~~Events

OnClosing ~~November 19, 2021, Entergy New Orleans, LLC (the “Company”) issued and sold (i) $90,000,000 aggregate principal amount~~ of its First Mortgage Bonds, 4.19% Series due November 19, 2031 (the “Bonds of the Twenty-seventh Series”) and (ii) $70,000,000 aggregate principal amount of its First Mortgage Bonds, 4.51% Series due November 19, 2036 (the “Bonds of the Twenty-eighth Series” and, together with the Bonds of the Twenty-seventh Series, the “Bonds”), to certain institutional investors pursuant to a Bond Purchase Agreement in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. The Bonds were issued pursuant to the Mortgage and Deed of Trust, dated as of May 1, 1987, from the Company to The Bank of New York Mellon, as trustee, as amended and supplemented (the “Mortgage”), including by the Twenty-fourth Supplemental Indenture dated as of November 1, 2021 (the “Supplemental Indenture”). The Bonds of the Twenty-seventh Series bear interest at the rate of 4.19 percent per annum, payable semi-annually on May 19 and November 19 each year, commencing May 19, 2022, and mature on November 19, 2031. The Bonds of the Twenty-seventh Series are subject to redemption prior to maturity at the option of the Company, in whole or in part, at a redemption price equal to the principal amount thereof plus a “make-whole” premium and plus accrued interest, until August 19, 2031, and on and after that date, at 100% of the principal amount thereof plus accrued interest. The Bonds of the Twenty-eighth Series bear interest at the rate of 4.51 percent per annum, payable semi-annually on May 19 and November 19 each year, commencing May 19, 2022, and mature on November 19, 2036. The Bonds of the Twenty-eighth Series are subject to redemption prior to maturity at the option of the Company, in whole or in part, at a redemption price equal to the principal amount thereof plus a “make-whole” premium and plus accrued interest, until August 19, 2036, and on and after that date, at 100% of the principal amount thereof plus accrued interest.Securitization

~~The~~On ~~descriptions~~December ~~set~~16, ~~forth~~2022, ~~above~~a ~~are~~securitization ~~qualified~~for the benefit of Entergy New Orleans, LLC (“ENO”) closed, resulting in ~~their~~the ~~entirety~~issuance byof ~~reference~~$209,300,000 toprincipal amount of storm recovery bonds (the ~~Supplemental~~“Bonds”) ~~Indenture~~by ~~filed~~Louisiana asLocal ~~Exhibit~~Government 4Environmental Facilities and Community Development Authority (athe “Issuer”), toa ~~this~~political ~~Current~~subdivision ~~Report~~of onthe ~~Form~~State 8of Louisiana organized under the provisions of Chapter 10-KD ~~and~~of toTitle 33 of the ~~Mortgage~~Louisiana ~~filed~~Revised Statutes of 1950, as ~~Exhibit~~amended. The ~~4(f)1~~Bonds were issued pursuant to the ~~Company’s~~provisions ~~Form~~of ~~10-K~~the ~~for~~Louisiana ~~the~~Electric ~~year~~Utility ~~ended~~Storm ~~December~~Recovery 31Securitization Act, ~~2020~~being La. R.S. §§45:1226-1240 and 45:1343, as amended (collectively, the “Securitization Law”).

Under a Loan Agreement between Louisiana Utilities Restoration Corporation (the “Borrower”) and the Issuer (the “Loan Agreement”), the Issuer loaned the proceeds of the Bonds to the Borrower. The Borrower used all of the net proceeds from the sale of the Bonds to purchase the Storm Recovery Property (i.e., the right to impose and collect non-bypassable consumption-based charges from ENO’s customers), created pursuant to a financing order issued by Council of the City of New Orleans on October 6, 2022, from Entergy New Orleans, LLC (“ENO”) pursuant to a Storm Recovery Property Purchase and Sale Agreement dated December 16, 2022 (the “Sale Agreement”).

ENO will use the net proceeds from the sale to replenish and fund restricted storm recovery reserves in the amount of $200 million to be held by a non-affiliated escrow agent so that ENO may recover the costs incurred in restoring service after Hurricane Ida and fund storm recovery activity after future storms. Pursuant to a Servicing Agreement between the Borrower and ENO dated December 1, 2022, ENO will act as initial servicer of the storm recovery property.

In connection with the issuance of the Bonds, which are not obligations of ENO, ENO is filing the exhibits listed in Item 9.01, where are annexed hereto as exhibits to this Current Report on 8-K.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.			Description of Exhibit
4(a)			Twenty-fourth Supplemental Indenture dated as of November 1, 2021 to the Company’s Mortgage and Deed of Trust dated as of May 1, 1987, establishing the terms of the Bonds.
104			Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

(d) Exhibits.


Exhibit No.			Description
10.1			Storm Recovery Property Servicing Agreement between Louisiana Utilities Restoration Corporation and Entergy New Orleans, LLC, as servicer, dated as of December 1, 2022.
10.2			Storm Recovery Property Purchase and Sale Agreement between Louisiana Utilities Restoration Corporation and Entergy New Orleans, LLC, as seller, dated as of December 16, 2022.
104			Cover Page Interactive Data File (formatted as inline XRBL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~registrants ~~has~~have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Entergy New Orleans, LLC
			(Registrant)
Date: November 19, 2021
			/s/ Steven C. McNeal
			(Signature)Steven C. McNealVice President and Treasurer


Date: December 16, 2022			ENTERGY NEW ORLEANS, LLC
			/s/Barrett E. Green Name: Barrett E. Green Title: Vice President and Treasurer

Filing Compare · ENTERGY NEW ORLEANS, LLC