ENTERGY CORPORATION RETIREMENT PLAN

Effective July 1, 2021

Summary Plan Description

ENTERGY CORPORATIONRETIREMENT PLANfor Non-Bargaining Employees

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This Summary Plan Description summarizes and explains in plain language key provisions of the Entergy CorporationRetirement Plan for Non-Bargaining Employees, as amended through June 30, 2021 (the “Plan”) and the benefits providedpursuant to the Plan for certain non-bargaining employees of the Participating Companies.

The Plan itself is more comprehensive and is written in more technical language to comply with federal law.

If you have any questions that this Summary Plan Description does not answer, you should read the Plan itself or contactthe Plan Administrator. See Section 16, ERISA Rights, beginning on page 61 regarding how you can get a copy or inspectthe Plan document. REMEMBER THAT THE PLAN ITSELF, AND NOT THE SUMMARY PLAN DESCRIPTION, IS WHATALWAYS CONTROLS YOUR BENEFITS.

The following information concerning the Plan is very important to you as a Plan Participant:

Plan Name: Entergy Corporation Retirement Plan forNon-Bargaining Employees

Plan Sponsor: Entergy Corporation

Corporate Address: 639 Loyola Avenue New Orleans, LA 70113

Employer I.D. No.: 72-1229752

Plan Administrator: Employee Benefits Committeec/o Entergy Corporation639 Loyola AvenueNew Orleans, LA 70113504-576-4000

Trustee: JP Morgan Chase Bank, N. A.One Chase Manhattan PlazaNew York, NY 10015

Company: Any System Company that adopts the Entergy Corporation Retirement Plan forNon-Bargaining Employees

Legal Agent: The person designated as the agent for service of legal process is the:

SecretaryEntergy Corporation639 Loyola AvenueNew Orleans, LA 70113

Legal process may also be made upon the Trustees or the Plan Administrator.

Plan Year: January 1 through December 31

Plan Number: 004

Participating Company: Any System Company that adopts the Entergy Corporation Retirement Plan forNon-Bargaining Employees. A complete list of the Participating Companies is available bycalling the Entergy Pension Resource Center at 1-855-523-3772 (toll free).

System Company: Entergy Corporation, any corporation 80 percent or more of whose stock (based on votingpower or value) is owned, directly or indirectly, by Entergy Corporation, and any partnershipor trade or business which is 80 percent or more controlled, directly or indirectly, by EntergyCorporation.

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TableofContentsSection 1: Introduction ....................................................................................................................................... 1

Section 2: Entering the Plan................................................................................................................................ 3Who Is Eligible ................................................................................................................................................. 3When You Join the Plan ................................................................................................................................... 3

Section 3: Service ............................................................................................................................................... 4Benefit Service ................................................................................................................................................. 4Vesting Service ................................................................................................................................................ 4Service If You Become Disabled....................................................................................................................... 5Break in Service ............................................................................................................................................... 5Leave of Absence Rules ................................................................................................................................... 6

Section 4: Transfers & Reemployment ................................................................................................................ 7Transfer from Covered Employment ................................................................................................................. 7Transfer to Covered Employment ..................................................................................................................... 7

Section 5: When You Can Retire ......................................................................................................................... 8Normal Retirement Date ................................................................................................................................... 8Early Retirement Date ...................................................................................................................................... 8Deferred Retirement Date................................................................................................................................. 8

Section 6: How Your Pension is Calculated .......................................................................................................... 9Normal Retirement Pension .............................................................................................................................. 9Early Retirement Pension ............................................................................................................................... 10Deferred Retirement Pension ......................................................................................................................... 11Terminated Vested Pension ........................................................................................................................... 12Deferring Commencement of Your Pension .................................................................................................... 13Grandfathered Benefits .................................................................................................................................. 13Service under Prior Employer’s Plan............................................................................................................... 14Earnings ......................................................................................................................................................... 14Suspension of Benefits ................................................................................................................................... 15

Section 7: How Your Pension Will Be Paid ......................................................................................................... 17Normal Payment Method ................................................................................................................................ 17Spousal Consent Requirements ..................................................................................................................... 17Optional Payment Methods ............................................................................................................................ 18Small Amount Lump-Sum Payments .............................................................................................................. 20Limited Termination Commencement Period .................................................................................................. 21How to Commence Your Pension ................................................................................................................... 23When Your Pension Will Be Paid .................................................................................................................... 26

Section 8: Survivor Benefits .............................................................................................................................. 27Pre-Retirement Spouse’s Death Benefit.......................................................................................................... 27Commencement at Normal Retirement Date................................................................................................... 27Commencement at Early Retirement Date ...................................................................................................... 27If Death Occurs After Early Retirement Eligibility ............................................................................................. 28Commencement During Applicable LTC Period .............................................................................................. 28

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Payment of the Pre-Retirement Spouse’s Death Benefit ................................................................................. 28

Section 9: Grandfathered Benefits and Options for Gulf States Utilities Company Employees’ TrusteedRetirement Plan Participants ............................................................................................................................ 29

Normal Retirement Pension ............................................................................................................................ 29Early Retirement Pension ............................................................................................................................... 30Vested Pension .............................................................................................................................................. 30Disability Retirement Benefits ......................................................................................................................... 31Pop-Up Provision ........................................................................................................................................... 32

Section 10: Special Provisions For Article XXII Participants .............................................................................. 33Normal Retirement Pension – Your Article XXII Accruals ................................................................................ 33Early Commencement of Your Article XXII Accruals ....................................................................................... 35Disability Retirement Benefits ......................................................................................................................... 39Optional Forms of Payment ............................................................................................................................ 39Survivor Benefits ............................................................................................................................................ 42

Section 11: Special Provisions for Article XXIII Participants .............................................................................. 44Normal Retirement Pension – Your Article XXIII Accruals ............................................................................... 44Early Commencement of Your Article XXIII Accruals ...................................................................................... 45Commencement of Your Early Retirement Pension ........................................................................................ 46Commencement of Your Terminated Vested Pension ..................................................................................... 46Commencement during the Applicable LTC Period ......................................................................................... 47Deferred Commencement of Your Article XXIII Accruals ................................................................................. 47Optional Forms of Payment ............................................................................................................................ 47Survivor Benefits ............................................................................................................................................ 49

Section 12: Claims for Benefits ......................................................................................................................... 50Requesting Benefits ....................................................................................................................................... 50If a Request Is Denied – Non-Disability Claims ............................................................................................ 50Additional Procedures for Disability Claims .................................................................................................. 51Special Timing Rules for Disability Claims ................................................................................................... 51Denial of Disability Claim .............................................................................................................................. 52Appeal Following Denial of Disability Claim ................................................................................................. 53Final Authority of Claims Appeal Administrator ............................................................................................ 53Mailing Address for All Claims and Appeals ................................................................................................. 54Importance of Exhausting Administrative Remedies........................................................................................ 54Time to File Suit ............................................................................................................................................. 54

Section 13: Plan Insurance ................................................................................................................................ 55

Section 14: Loss of Benefits .............................................................................................................................. 56

Section 15: Other Provisions ............................................................................................................................ 58Post-Retirement Medical Benefits ................................................................................................................... 58Plan Amendment or Termination .................................................................................................................... 58Assignment of Benefits ................................................................................................................................... 58Employment Rights ........................................................................................................................................ 58Guarantees under the Plan ............................................................................................................................. 58Mergers, Consolidations or Transfers ............................................................................................................. 59

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Maximum Retirement Benefits ........................................................................................................................ 59Top-Heavy Provisions .................................................................................................................................... 59Right to Recover Excess Payments ................................................................................................................ 59Duty to Furnish Information and Documents ................................................................................................... 59Plan Cost and Trust Fund ............................................................................................................................... 59Plan Sponsor and Plan Administrator ............................................................................................................. 60Administration Agent ...................................................................................................................................... 60

Section 16: ERlSA Rights ................................................................................................................................... 61ERISA Rights ................................................................................................................................................. 61Conflict with the Plan and/or Trust .................................................................................................................. 62

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Section1:IntroductionThis booklet summarizes and explains in plain language the key provisions of the Entergy Corporation Retirement Planfor Non-Bargaining Employees, as amended through June 30, 2021 (the “Plan”) and describes how the Plan operates.Whenever this Summary Plan Description refers to “the Plan,” the reference is to the Entergy Corporation RetirementPlan for Non-Bargaining Employees. References in lower case to “the plan” mean a different plan.

In addition, this Summary Plan Description explains the determination of benefits under the Plan on or after July 1, 2021.If you stopped working as an eligible non-bargaining employee for a Participating Company before July 1, 2021 and donot return to employment as an eligible non-bargaining employee of a System Company employer, the provisions of thePlan in effect at the time you stopped working will apply for the determination of your benefit. Those provisions aredescribed in the Summary Plan Description, including any Summaries of Material Modifications, in effect at the time youractive participation in the Plan ended.

Certain groups of employees have special grandfathered benefits, including minimum benefit provisions or certain specialbenefits, rights and features. Those employees were previously provided with Summary Plan Descriptions describing theprovisions applicable to their group. Please refer to “Grandfathered Benefits” on page 13 of this Summary Plan Descriptionor call the Entergy Pension Resource Center (“EPRC”) to determine if you belong to a group of employees that is entitledto a grandfathered benefit. In addition, a small group of Participants, referred to in this Summary Plan Description asArticle XXII or Article XXIII Participants, are entitled to certain special benefits, rights and features, described in Sections10 and 11, with respect to a portion of their benefits under the Plan. These Article XXII and Article XXIII Participants arenamed in the Plan as part of a Compliance Statement received from the Internal Revenue Service (“IRS”). All Article XXIIand Article XXIII Participants were previously notified of their designation in the Plan as an Article XXII Participant or anArticle XXIII Participant, as applicable, and were provided with information regarding these special benefits, rights andfeatures.

If there is an inconsistency or conflict between this Summary Plan Description and the formal Plan document, or anyomission from or ambiguity in the terms of the Summary Plan Description, the Plan document will control.

Here are some highlights of the Plan:

§ You are not required to contribute to the Plan in order to participate.

§ You are 100% vested in your benefit under the Plan after five years of Vesting Service with any SystemCompany or, if earlier, at the time you attain age 65 while employed by a System Company.

§ Your pension usually begins when you attain age 65, but you may begin receiving a reduced pension as earlyas age 55 (or in some cases, as early as age 50 with respect to certain frozen grandfathered benefits).

§ If you terminate employment with all System Companies after December 31, 2017 you may elect to beginreceiving a reduced pension on a commencement date that is within the Limited Termination CommencementPeriod that applies to you (“ Applicable LTC Period “) which may be earlier than age 55. You may also elect tohave your pension paid as a lump sum, if your termination occurs after December 31, 2017 and yourcommencement date is during your Applicable LTC Period. Your Applicable LTC Period extends from the dayafter your termination of employment to the 1st day of the 12th month following the first day of the calendarmonth immediately following your termination date. See “Limited Termination Commencement Period” inSection 7.

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§ Your spouse will receive a part of your pension if you die after you are vested and before pension paymentscommence, even if you no longer work for a Participating Company. Benefits available to your spouse afterpension payments commence will depend on the form of payment you selected for your pension at the timeyou commenced pension payments. In accordance with federal law, your “spouse” for all Plan purposes isdefined as the person to whom you are lawfully married under applicable law.

If you have any questions about the Plan, please contact the EPRC for more information.

ResourcesWhen you have questions or need assistance, you can contact the EPRC in one of the following ways:

Resource How to Contact

Entergy PensionResource Center

Contact the EntergyPension ResourceCenter when:

You have questionsabout your benefits.

You want to apply tocommence yourpension.

Online

http://digital.alight.com/entergy

Phone

1-855-523-3772

For the hearing impaired, TDD: Contact your local telephone service provider whowill contact the EPRC to assist with communication.

Fax

1-847-554-1792

Mail

U.S Mail

Entergy Pension Resource CenterDept 03207PO Box 64117The Woodlands TX 77387-4117

Overnight Mail

Entergy Pension Resource CenterDept 032078770 New Trails DriveThe Woodlands TX 77381

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Section2:EnteringthePlan

Who Is EligibleYou are eligible to participate in the Plan if you meet all of the following requirements:

§ You are employed by a Participating Company,

§ You are not covered by a collective bargaining agreement,

§ Your most recent date of hire or rehire into System Company employment was prior to July 1, 2014, and

§ Prior to July 1, 2014, you were not excluded from participation in every System Company defined benefit plan.

Effective July 1, 2019, you will also be eligible to participate in the Plan if you are an Affected Plan III Employee. You arean Affected Plan III Employee if while you were a participant in Entergy Corporation Retirement Plan III (“Plan III”) youtransferred on or after March 1, 2019 from a position as an Employee of a System Company at Indian Point NuclearGenerating Unit 2 or Indian Point Nuclear Generating Unit 3 (collectively, "IPEC") to a position as a non-bargainingEmployee of a Participating Company at a work location other than IPEC. Your eligibility to participate in the Plan willbegin as of the date of your transfer, provided you meet the other requirements for eligibility, but not prior to July 1, 2019.

You are not eligible to participate in the Plan if you are classified by a System Company as a leased employee, independentcontractor or consultant, even if you are in fact a common-law employee of a System Company.

You are not eligible to accrue benefits under this Plan while you are accruing benefits under any other System Companydefined benefit plan, or if you are a “Retirement Contribution Eligible Employee” under the Savings Plan of EntergyCorporation and Subsidiaries VI or a “Defined Company Contribution Eligible Employee” under the Savings Plan of EntergyCorporation and Subsidiaries VII. You also are not eligible to participate in this Plan if you are eligible to participate in theSavings Plan of Entergy Corporation and Subsidiaries VIII or the Savings Plan of Entergy Corporation and Subsidiaries IX.

When You Join the Plan

You are eligible to participate in the Plan on the later of the date you attain age 21 or the date you become an eligiblenon-bargaining employee.

The terms “eligible employee” or “active Participant” as used in this Summary Plan Description mean an employee whocontinues to meet the eligibility requirements for participation in the Plan set forth above.

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Section3:Service

Benefit ServiceBenefit Service is used to calculate your pension and is generally equal to the period in which you are an active Participantin the Plan. Benefit Service is counted in years, months and days and is earned while you are eligible to participate in thePlan. For Plan purposes, Benefit Service is limited to 40 years. It starts from the date you become a Participant and endson the earlier of (i) the date you are no longer an eligible employee because you transfer to a position not eligible underthe Plan, or (ii) your last day of employment. For Benefit Service purposes, your last day of employment is the earlier of:

§ The date you quit, are discharged or retire from all Participating Companies, or

§ The first anniversary of the first day you are absent from active employment with all Participating Companiesfor any reason.

Benefit Service may also include service you earned under a prior employer’s defined benefit plan. Please refer to thesections “Grandfathered Benefits” and “Service under Prior Employer’s Plan” beginning on page 13 of this Summary PlanDescription or call the EPRC to determine if this provision applies to you.

Benefit Service is also governed by the Break in Service, leave of absence and transfer rules.

Your Benefit Service will also include the period between your last day of employment and your rehire date if you arerehired by a Participating Company within 12 months of your last day of employment and the date of your rehire is priorto July 1, 2014.

Benefit Service shall also include the period of an approved leave of absence of up to two years, to the extent not alreadyincluded in the above determination.

Special rules apply if you were hired before July 1, 1976 and you were under age 30 at your date of hire, or if you werehired before 1985 and you were under age 25 at your date of hire.

In addition, any period of service during which you failed to make a contribution required by this Plan, by another SystemCompany defined benefit plan, or by any prior plan in which you participated is excluded from Benefit Service.

Vesting Service

Vesting Service determines whether you are entitled to a benefit under the Plan. Vesting Service is counted in years,months and days from your date of hire (or the date you reach age 18, if later) until your last day of employment with allSystem Companies. Vesting Service is also governed by the Break in Service, leave of absence and transfer rules. However,any period of service during which you failed to make a contribution required by this Plan, by another System Companydefined benefit plan, or by any prior plan in which you participated is excluded. You become vested in — that is, earn apermanent right to — your benefit under this Plan once you complete five years of Vesting Service with a System Company,or when you reach age 65 while employed by a System Company (whichever occurs first).

For purposes of determining your Vesting Service, your last day of employment is the earlier of:

§ The date you quit, are discharged or retire from System Company employment, or§ The first anniversary of the first day you are absent from active employment with a System Company for any

reason.

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Your Vesting Service will also include the period between your last day of employment and your rehire date if you arerehired by a System Company within 12 months of your last day of employment. Vesting Service shall also include theperiod of an approved leave of absence of up to two years, to the extent not already included in the above determination.

Vesting Service may also include service you earned under a prior employer’s defined benefit plan. Vesting Service doesnot include service with a Reciprocating Company as described in Appendix G of Entergy Corporation Retirement Plan IIfor Non-Bargaining Employees or Entergy Corporation Retirement Plan IV for Bargaining Employees. Please refer to thesections “Grandfathered Benefits” and “Service under Prior Employer’s Plan” beginning on page 13 of this Summary PlanDescription or call the EPRC to determine if this provision applies to you.

Service If You Become Disabled

If you become disabled while working as an eligible employee for a Participating Company, your service will be affectedby whether you are receiving long term disability (“LTD”) benefits under the Entergy Corporation Companies’ Benefits PlusLong Term Disability Plan or any other Participating Company-sponsored long-term disability plan (collectively referred toas the “LTD Plan”).

If you are entitled to receive LTD benefits under the LTD Plan when you become permanently disabled, you may continueto earn Benefit Service and Vesting Service until the earliest of:

§ The date you commence your pension payments from the Plan,§ The last day of the month in which you cease to be eligible to receive an LTD benefit from the LTD Plan, or§ The date you die.

When you commence your pension, it will be based on all the Benefit Service (up to a maximum of 40 years) you earnedwhile you were an active employee and while you were receiving LTD Plan benefits from the LTD Plan.

If you elect to receive the grandfathered Disability Retirement Benefit described in Section 9, you will not accrue BenefitService under the Plan during the period in which you are receiving Disability Retirement Benefits, regardless of whetheror not you are receiving benefits from the LTD Plan. If you are an Article XXII Participant, you should refer to Section 10.

Break in Service

If you have a period of at least 12 consecutive months during which you are not paid or entitled to pay by a SystemCompany for an hour of service, you are considered to have a “Break in Service.” For purposes of determining whetheryou have a Break in Service, the 12 consecutive month period begins after the date that is treated as your last day ofemployment for determining Vesting Service. See the discussion under “Vesting Service” on page 4.

If you return to work with a System Company after a Break in Service:

§ Your prior Vesting Service and Benefit Service will be restored if:- You had a vested interest in your benefit under the Plan before your Break in Service, or- You had fewer than five consecutive one year Breaks in Service.

§ Your prior Vesting Service and Benefit Service will not be restored if:- You were not vested under the Plan, and- You were absent for five or more consecutive one year Breaks in Service.

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Your “Break in Service” shall be determined in accordance with the Break in Service rules under the Plan or prior plans atthe time such Break in Service occurred. Also, you will not receive Vesting Service and Benefit Service for any period thathas not been restored under the Break in Service rules of any other System Company defined benefit plan in which youwere a participant.

If you had a Break in Service under a prior plan before January 1, 1976, as determined under the Break in Service rules ofsuch prior plan, you will not receive Vesting Service and Benefit Service for your period of employment before that Breakin Service.

Leave of Absence Rules

Breaks in Service will not begin while you are on an approved leave of absence of up to two years. (The period duringwhich you are receiving LTD benefits under the LTD Plan is not considered an approved leave of absence for this purpose.)

If you are away from work because of a maternity or paternity leave, the 12-consecutive month period beginning on thefirst anniversary of the first day of such leave will not constitute a Break in Service. For purposes of the Plan, maternity orpaternity leave includes time you are absent from work due to:

§ Pregnancy,§ The birth of your child,§ Placement of a child with you in connection with adoption, and/or

§ The care of your child immediately after birth or placement for adoption.

If you are absent from a Participating Company for a period of Qualified Service in the Uniformed Services of the UnitedStates, as defined in the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA), and you returnto employment with a Participating Company within the time limit following such service, as prescribed under USERRA,you may be entitled to certain rights and protections concerning Plan benefits and service credit. Contact the EPRC formore information.

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Section4:Transfers&Reemployment

Transfer from Covered EmploymentIf you are an active Participant in the Plan and you transfer from covered employment to a position in which you are nolonger an eligible employee under the Plan (for example, because of a transfer to another System Company, a bargainingposition, or a non-bargaining position not eligible under the Plan) or for any other reason you no longer meet all of theeligibility requirements described in Section 2 for coverage under the Plan, the Earnings used to calculate your benefitswill be frozen as of your date of transfer or the date you no longer meet the eligibility requirements for coverage underthe Plan, and you will no longer accrue years of Benefit Service under the Plan following the transfer. You are eligible tocontinue to accrue Vesting Service after your transfer date, as long as you remain employed by a System Company.

Transfer to Covered EmploymentIf after transferring from covered employment under the Plan, you subsequently return to covered employment, or if youhave not previously been an active Participant in the Plan and you transfer to a position covered by the Plan or you wererehired into employment covered by the Plan before July 1, 2014, you will be covered by the Plan features described inthis Summary Plan Description if you meet all of the eligibility requirements described in Section 2. The following ruleswill apply in determining your benefits under the Plan:

§ Your prior service with a System Company will be included in the determination of Vesting Service under thePlan, using the rules of this Plan, and

§ Your service and earnings that were earned during a period in which you were an employee of a SystemCompany and an active participant in another System Company defined benefit plan prior to your transfer orreemployment may be included in the determination of Benefit Service and Earnings under this Plan, usingthe rules of this Plan (as if you were a Participant in this Plan during those prior years of participation inanother Entergy plan).

Your benefit under the Plan will be offset by any benefits earned prior to your transfer or reemployment, based on rulesdescribed in the Plan.

Under the transfer and reemployment rules outlined above, you will not receive more than a total of one year of VestingService and/or Benefit Service under all plans, including this Plan during any one year of employment service. In addition,the definition of earnings and benefit service may differ among System Company defined benefit plans and this may affectthe way your benefit is calculated. Vesting Service and/or Benefit Service taken into account for a former employee whobegins employment covered by the Plan will reflect the Break in Service rules of this Plan for such services performedwhile an active Participant in this Plan and the break in service rules of the other System Company defined benefit plansin which such employee formerly participated for the services performed while an active participant in the other SystemCompany defined benefit plans.

Under the Plan, certain exceptions may apply to the recognition of earnings and prior service. If you have any questionsabout transfers or reemployment and the impact to your benefit, please contact the EPRC.

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Section5:WhenYouCanRetireThere are three types of retirement under the Plan: normal, early and deferred retirement. Each type of retirement isbased on your age and the circumstances of your retirement.

Please note that to be eligible for retiree coverage under Entergy’s employee health and welfare plans (the EntergyCorporation Companies’ Benefits Plus Medical, Dental, Vision and Life Insurance Plans and the Entergy CorporationCompanies’ Retiree Health Plan), you must satisfy all of the eligibility requirements for “eligible retired participants” andretiree coverage in the applicable Entergy employee health and welfare plans, including retiring directly from employmentwith a System Company and immediately commencing your pension under this Plan. For questions about eligibilityrequirements for retiree health and welfare coverage, you must contact Employee Support Center at 1-844-ETR-WORK(844-387-9675). Entergy has the right in its sole discretion to amend or terminate retiree health and welfare benefits atany time. Failure to meet the eligibility requirements for retiree health and welfare coverage does not impact your abilityto begin receiving your pension under the Plan on any of the dates outlined below.

If you terminate employment from all System Companies after December 31, 2017, you should also be aware of theLimited Termination Commencement Period (“LTC Period”) provision, under which you are permitted to commence yourpension prior to age 55, and to elect payment of your pension in a lump sum instead of an annuity form of payment. Totake advantage of the LTC Period provision of the Plan, you must commence your pension no later than the end of yourApplicable LTC Period. Your Applicable LTC Period extends from the day after your termination of employment to the 1st

day of the 12th month following the first day of the calendar month immediately following your termination date. See“Limited Termination Commencement Period” in Section 7.

Normal Retirement DateYour Normal Retirement Date is the day you attain age 65. You are entitled to your Normal Retirement pensioncommencing on the first day of the month following your Normal Retirement Date. If you wish, you may defercommencement of your pension. See “Deferring Commencement of Your Pension” beginning on page 13.

Early Retirement DateIf you have completed 10 years of Vesting Service as of or after the date you attain age 55, you may elect to retire fromSystem Company employment at an Early Retirement Date. You may request that your pension commence on the firstday of any month after reaching your Early Retirement Date; however, your pension will be reduced for paymentscommencing before your Normal Retirement Date. If you wish, you may defer commencement of your pension. See“Deferring Commencement of Your Pension” beginning on page 13.

If you were a participant in the Gulf States Utilities Company Employees’ Trusteed Retirement Plan and you have at least10 years credited service at your termination of employment date, you may retire as early as age 50 if you meet certainrequirements. Refer to Section 9 for more information regarding these requirements. If you are an Article XXII or XXIIIParticipant, you should refer to Section 10 or Section 11, as applicable.

Deferred Retirement DateIf you continue to work past age 65 you will continue to accrue benefits based on the Plan’s benefit formula, as long asyou continue to satisfy the eligibility requirements outlined in Section 2. Your Deferred Retirement pension will commenceon the first day of the month following your termination of employment from all System Companies, unless you elect todefer commencement. See “Deferring Commencement of Your Pension” beginning on page 13 for more information.

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Section6:HowYourPensionisCalculatedThis Plan is a defined benefit plan. This means your monthly pension is calculated under a definite formula. The amountcalculated under the formula is based on a single life annuity. All pensions payable under the Plan, and the forms ofpensions payable under certain circumstances, are subject to certain limits established by the Internal Revenue Code (the“Code”).

Normal Retirement PensionYour monthly pension at your Normal Retirement Date is calculated as follows:

1.5% x Final Average Monthly Earnings x Benefit Service (up to 40 years).

If you are an Affected Plan III Employee, your Normal Retirement pension will be the greater of: (i) the amountcalculated under the above formula, including both your prior Entergy service and your post-transfer service under thisPlan, or (ii) the amount calculated by adding your Normal Retirement pension earned under Plan III to the NormalRetirement pension calculated under the above formula taking into account only your post-transfer service.

If you are an Article XXII or XXIII Participant, you should refer to Section 10 or Section 11, as applicable.

Final Average Monthly EarningsIf your employment date (or your adjusted hire date, if later) with a System Company is prior to May 1, 2002 and you wereemployed by Entergy Arkansas, Inc. or its successor entity, Entergy Arkansas LLC, or Entergy Operations, Inc. at ArkansasNuclear One on or after May 1, 2002, your Final Average Monthly Earnings is the average of your monthly Earnings for the60 months in which your Earnings were the highest during the 120 months immediately before the earliest of:

§ Your retirement from, or termination of employment with Entergy Arkansas, Inc. or its successor entity,Entergy Arkansas, LLC, or Entergy Operations, Inc. at Arkansas Nuclear One,

§ Your death, or

§ The date you are no longer eligible to be an active Participant in the Plan.

If the conditions described above apply and you have less than 60 months of earnings, your Final Average Monthly Earningsis the average of your monthly Earnings for all months during your total period of service.

If the conditions described above do not apply, then your Final Average Monthly Earnings is the average of your monthlyEarnings for the 60 consecutive months in which your Earnings were the highest during the last 120 months immediatelybefore the earliest of:

§ Your retirement from, or termination of employment with, a Participating Company,

§ Your death, or

§ The date you are no longer eligible to actively participate in the Plan.

If you worked less than 60 months, your Final Average Monthly Earnings is the average of your monthly Earnings for yourtotal period of service.

In computing your Final Average Monthly Earnings, no more than 10 three-pay-period months will be included in any 60-month period. In addition, no more than five annual bonuses and associated supplemental payments, or if paid morefrequently, the equivalent of five annual bonuses and associated supplemental payments, will be included in any 60-month period.

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Special rules apply if you are disabled for at least 120 months immediately prior to your Retirement IncomeCommencement Date.

In addition, your Earnings will be equal to $0 for each month in which you are absent from employment and are not paidby a System Company, if such months are not during a Break in Service. If you do incur a Break in Service, the monthsduring the Break in Service will not be included in the calculation of your Final Average Monthly Earnings.

The pension computed under this formula is reduced by the amount of any pension that you may have earned under anyother qualified defined benefit plan of a System Company prior to your becoming an active Participant in the Plan.

ExampleLet us assume that you elect to commence your pension on the first day of themonth following age 65. Let us also assume you have 35 years of Benefit Service asof such date and your Final Average Monthly Earnings is $3,000. Finally, you do nothave any other service with another System Company or any pension under aprevious employer’s retirement plan that reduce your pension. Your NormalRetirement pension, commencing on the first day of the month following your 65th

birthday, would be calculated as follows:

1.5% x ($3,000 x 35 years) = 1.5% x $105,000 = $1,575

You will receive $1,575 a month for your life if you elect a single life annuity,beginning on the first day of the month following the date you attain age 65. Theamount of your pension may be reduced further if you elect a different form ofpayment.

Early Retirement PensionYour pension under the Plan is calculated assuming payments start on the first day of the month following the date youattain age 65. If you meet the requirements outlined in Section 5 for an Early Retirement Date and choose to start receivingyour pension early, then your pension will be reduced for early payment. The amount of the reduction is equal to 1/12 of2% for each month (that is, 2% per year) that the commencement of your pension precedes your 65th birthday.

If you start your pension early, before you attain age 65, you will receive the following percentage of your pension (thepercentages shown below are prorated for partial years):

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Your Age When Your PensionBegins

Percentage of Your Age 65 PensionThat You Receive

65 100%64 98%63 96%62 94%61 92%60 90%59 88%58 86%57 84%56 82%55 80%

ExampleLet us assume you commence payment of your pension early, on the first day ofthe month that is 31 months prior to your 65th birthday. Your Final Average MonthlyEarnings is $2,500 and you have 20 years of Benefit Service. You have no otherSystem Company-sponsored pensions or pension benefits under a previousemployer’s retirement plan that reduce your pension. Your monthly pension willbe determined as follows:

1.5% x ($2,500 x 20 years) $750.00

Less $750 x 5.1667% (31 months times 1/12 of 2%) -$ 38.75$711.25

You will receive $711.25 a month for your life if you elect a single life annuity. Theamount of your pension may be reduced further depending on the form ofpayment you elect.


Deferred Retirement PensionIf you continue to work past age 65 for a Participating Company and remain an active Participant under the Plan, you willcontinue to earn benefits under the Plan (subject to any Plan maximums). Your Deferred Retirement pension is calculatedin the same manner as your Normal Retirement pension.

Generally, no actuarial adjustment will be made to your pension for periods after your Normal Retirement Date while youare still working for a System Company. However, if you work past age 70 ½ in System Company employment, the amountof your Deferred Retirement pension will not be less than the actuarial equivalent of your pension for the period beginningApril 1 following the calendar year in which you attained age 70 ½ and ending on your Retirement Income CommencementDate.

If you are an Article XXIII Participant, you should refer to Section 11.

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You may elect to commence your Deferred Retirement pension on the first day of the month following your terminationof employment from all System Companies. If you wish, you may elect to defer commencement of your pension. See“Deferring Commencement of Your Pension” beginning on page 13. Keep in mind that if you defer commencement beyondthe end of your Applicable LTC Period, you will permanently lose your eligibility for the lump sum option under the Plan.See “Limited Termination Commencement Period” in Section 7.

Terminated Vested PensionIf you terminate System Company employment before you are eligible for Early Retirement, you will still be eligible toreceive a pension if you are vested in your pension under the Plan when your employment ends. You are vested in yourpension under the Plan if you have at least 5 years of Vesting Service, or if earlier, at the time you attain age 65 whileemployed by a System Company. Your vested pension is calculated in the same manner as your Normal Retirementpension.

As long as you file a timely application with the EPRC, you may commence your Terminated Vested pension on the firstday of the month after your 65th birthday. If you terminate your System Company employment on or after October 1,1994, and you had at least 5 years of Vesting Service at termination, or if you terminated your employment before October1, 1994 and you had at least 10 years of Vesting Service at your termination of employment, you may begin receiving yourvested pension as early as the first day of the month following the date you attain age 55, regardless of your years ofservice, but if you choose to do so, your monthly pension payment will be reduced 1/12 of 7% for each of the first 60 monthsand 1/12 of 6% for each additional month by which your Retirement Income Commencement Date precedes your NormalRetirement Date. Note that the reduction to a Terminated Vested pension is larger than the reduction to an EarlyRetirement pension.

If you terminate employment with all System Companies after December 31, 2017, you may also be eligible to commenceyour pension prior to age 55, but only if you select a Retirement Income Commencement Date that is within yourApplicable LTC Period. (See “Limited Termination Commencement Period” in Section 7 for more information.) If you areunder age 55 at the Retirement Income Commencement Date that you select, your Terminated Vested pension will bereduced for early commencement based on actuarial assumptions that may be different from the reductions shown in thepreceding paragraph.

If you wish, you may defer commencement of your pension. See “Deferring Commencement of Your Pension” below. Keepin mind that if you defer commencement beyond the end of your Applicable LTC Period, you will permanently lose youreligibility for commencement prior to age 55 and for the lump sum option under the Plan. See “Limited TerminationCommencement Period” in Section 7.

Example

Let us assume you are 50 years old and you terminate employment. YourFinal Average Monthly Earnings is $3,000 and you have 25 years of BenefitService. You have no other System Company-sponsored pension benefitsor pension benefits under a prior employer’s retirement plan that reduceyour pension. You elect to commence payment of your pension on the firstday of the month that is ten years prior to your Normal Retirement Date.

Your monthly benefit will be determined as follows:

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Deferring Commencement of Your PensionYou are not required to begin receiving your pension on the first day of the month following your 65th birthday (or the firstday of the month immediately following your later termination of employment). You may instead choose to defercommencement to a later date. However, you must commence your benefit no later than April 1st of the calendar yearfollowing the later of the year in which you terminate employment with all System Companies or attain age 72. (If youattained age 70 ½ prior to January 1, 2020, you may not defer commencement beyond the April 1st following the later ofthe year in which you terminate employment with all System Companies or attained age 70 ½.) If you fail to commenceyour benefit by that date, you will be required to pay an excise tax equal to 50% of the minimum distribution requiredunder the Code.

If you elect to defer commencement to a date later than the first of the month following your Normal Retirement Date,your benefit will be actuarially increased, but no retroactive Retirement Income Commencement Date will be permitted.

In addition, if you fail to commence your pension on the first day of the month following your Normal Retirement Date,you will be deemed to have elected to defer commencement of your pension. In that case, your pension will begin afteryou have contacted the EPRC and completed the application (see the section “How to Commence Your Pension” beginningon page 23).

If you defer commencement of your pension to a date after your Applicable LTC Period, you will permanently lose eligibilityfor commencement prior to age 55 and eligibility to elect the lump sum form of payment. See “Limited TerminationCommencement Period” in Section 7.

Special rules for calculating the actuarial increase apply if you continue working beyond your Normal Retirement Date.See the section “Deferred Retirement Pension” beginning on page 11.

Grandfathered BenefitsIf you participated in the Gulf States Utilities Company Employees’ Trusteed Retirement Plan, you may be eligible forgrandfathered benefits or recognition of additional service, as described in Section 9 of this Summary Plan Description.

You may be eligible for grandfathered benefits and recognition of additional service if you participated in the Gulf StatesUtilities Company Employees’ Trusteed Retirement Plan, the Retirement Plan of Arkansas Power & Light Company, theMississippi Power & Light Company Employees’ Retirement Income Plan, the Louisiana Power & Light CompanyRetirement Income Plan, and the Retirement Income Plan of Entergy Corporation, Entergy Services, Inc., Electec, Inc.,System Energy Resources, Inc., System Fuels, Inc., and Entergy Operations, Inc. If you were covered by one of these plans,you were previously provided with a summary plan description describing the grandfathered benefits and provisionsregarding recognition of prior service.

1.5% x ($3,000 x 25 years) $1,125.00

Less $1,125 x 65% (5 years at 7% and 5 years at 6%) -$ 731.25

$ 393.75

You will receive $393.75 a month for your life if you elect a single lifeannuity. The amount of your benefit may be reduced further depending onthe form of payment you elect.

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Please contact the EPRC to determine your eligibility for grandfathered benefits and an explanation of their provisions.

Service under Prior Employer’s PlanAs discussed on page 4, Vesting Service under this Plan will generally take into account service under a prior employer’sretirement plan if individuals who became employees of a System Company as part of a purchase and sale agreementwere granted recognition of such service under the agreement.

In addition, if you participated in any of the following prior employer’s plans, you may be eligible to have your service andpay that were covered by such plan included for determining your Benefit Service and Earnings under this Plan:

§ The Boston Edison Retirement Plan, or

§ The Vermont Yankee Nuclear Power Corporation Final Average Pay Pension Plan for Management Employees, or theVermont Yankee Nuclear Power Corporation Retirement Plan for Local Union 300 of the International Brotherhood ofElectrical Workers. However, this Plan does not recognize service attributable to employment with a ReciprocatingCompany for inactive or former participants in Appendix G of Entergy Corporation Retirement Plan II for Non-Bargaining Employees or Entergy Corporation Retirement Plan IV for Bargaining Employees.

Please contact the EPRC for an explanation of any special service recognition provisions that apply to you.

EarningsIn general, “Earnings” means your base rate of pay for a standard 40-hour workweek, less any pre-tax salary deferrals toa non-qualified plan, plus bonuses and associated supplemental pay, if any, paid (i) in calendar years beginning on andafter January 1, 1995 under the TeamSharing Program, the Management Incentive Plan, and the Sales Incentive Plan; (ii)in calendar years beginning on and after January 1, 1997 in accordance with the Network Manager Incentive Plan and theWholesale Trader Incentive Plan; (iii) in calendar years beginning on and after January 1, 1999, in accordance with theCustomer Service Incentive Plan; (iv) in calendar years beginning on and after January 1, 2003, in accordance with theExempt Incentive Plan; and (v) in calendar years beginning on and after January 1, 2021, in accordance with theOperational Supervisor Incentive Plan, but excluding overtime payments, all other bonuses, and all other forms ofpayment.

If you are a part-time employee, Earnings includes your regular monthly earnings received (including vacation pay) thatwere paid by a System Company, and includes any before-tax contributions made to the Savings Plan of EntergyCorporation and Subsidiaries, or any other Code Section 401(k) plan sponsored by a System Company, to a Section 125cafeteria plan, and/or to a Section 132(f)(4)) qualified transportation fringe benefit program, plus bonuses and associatedsupplemental pay, if any, received (i) in calendar years beginning on and after January 1, 1995 under the TeamSharingProgram, the Management Incentive Plan, and the Sales Incentive Plan; (ii) in calendar years beginning on and afterJanuary 1, 1997, in accordance with the Network Manager Incentive Plan and the Wholesale Trader Incentive Plan; (iii) incalendar years beginning on and after January 1, 1999, in accordance with the Customer Service Incentive Plan; (iv) incalendar years beginning on and after January 1, 2003, in accordance with the Exempt Incentive Plan; and (v) in calendaryears beginning on and after January 1, 2021, in accordance with the Operational Supervisor Incentive Plan, but excludingovertime payments, all other bonuses, and all other forms of payment.

If you were employed at one of the following Entergy entities and were hired prior to the dates indicated:

§ Entergy Arkansas, Inc., or its successor entity, Entergy Arkansas, LLC, if you have an employment date (oradjusted hire date, if later) prior to May 1, 2002,

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§ Entergy Louisiana, Inc., or its successor entity, Entergy Louisiana, LLC, if you have an employment date (oradjusted hire date, if later) prior to January 1, 2005 (but only for periods prior to October 1, 2015),

§ Entergy New Orleans, Inc., or its successor entity, Entergy New Orleans, LLC, if you have an employment date (oradjusted hire date, if later) prior to January 1, 2005,

§ Entergy Operations, Inc. located at Arkansas Nuclear One if you have an employment date (or adjusted hiredate, if later) prior to May 1, 2002,

§ Entergy Operations, Inc. located at Waterford III Steam Generation Station if you have an employment date (oradjusted hire, if later) prior to January 1, 2005, or

§ Entergy Louisiana, LLC (formerly Entergy Louisiana Power, LLC), if on September 30, 2015 you were an Employeeof Entergy Louisiana, LLC, the successor entity to Entergy Louisiana, Inc., and you have an employment date (oradjusted hire date, if later) prior to January 1, 2005 (but only for periods on or after October 1, 2015),

then your Earnings during the period in which you were employed by these entities will include overtime pay. However,if you transfer to another entity (and continue to be an active Participant in the Plan), your benefit will be determined asthe greater of (i) a benefit reflecting only Benefit Service and Earnings, including overtime, for the period overtime isincluded in your Earnings, or (ii) a benefit reflecting all of your Benefit Service, and Earnings for your entire period ofBenefit Service, but excluding overtime for all years.

Subject to the rules of this Plan, Earnings may also include amounts you earned while you were a participant in a prioremployer’s defined benefit plan. Please refer to “Grandfathered Benefits” and “Service under Prior Employer’s Plan”beginning on page 13 of this Summary Plan Description or call the EPRC to determine if this provision applies to you.

If you become disabled and are receiving LTD benefits under the LTD Plan, Earnings for your period of disability will bebased on your Earnings last in effect before you became disabled, except that bonuses and associated supplemental payand/or overtime that were included in such Earnings will not be included. However, any eligible bonuses and associatedsupplemental payments (as described in the preceding paragraphs) will be included if you actually receive these paymentswhile you are eligible for LTD benefits.

In the case of a Participant who is a Full-Time Employee and absent from work for an authorized leave of absence withpay, Earnings will be included at the base rate of pay last in effect prior to commencement of the leave of absence, for aperiod not exceeding two years.

Earnings above a specific maximum, as set annually by the IRS, are not considered when calculating Plan benefits (for2021, the maximum is $290,000).

Earnings shall not include amounts earned while employed by a non-Participating Company except during a period ofservice prior to your participation in this Plan during which you were an active participant in a System Company definedbenefit plan covering employees of such non-Participating Company. The definition of earnings may differ among SystemCompany defined benefit plans, so that the amounts taken into account under this Plan for your prior service may not bethe same as the amounts that were taken into account under a prior plan.

Suspension of BenefitsIf you leave the employ of all System Companies and start receiving annuity payments and are later rehired by a SystemCompany as an employee, your annuity payments from the Plan may be suspended after your reemployment. Yourpayments will be suspended for calendar months in which you complete 40 or more hours of service with the SystemCompanies. If you receive an annuity payment from the Plan for any month following your reemployment during whichyou complete 40 or more hours of service with System Companies, including the first month of your reemployment, if

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applicable, you will be required to repay these amounts to the Plan. If the amounts are not repaid, the payments youreceive when you retire again will be reduced by the actuarial equivalent of any amounts that were not repaid to the Plan.

If you were rehired into a position covered by the Plan prior to July 1, 2014 and continue to meet the eligibilityrequirements described in Section 2, your Earnings and Benefit Service earned after your rehire will be used in therecalculation of your pension when you retire again.

Your recalculated pension will be offset by the actuarial equivalent (using the Plan’s actuarial factors) of any pensionpayments received prior to your reemployment, but your pension will not be less than the pension you were receivingprior to your reemployment (except as may be required to recover payments you received during months in which yourpension was suspended, as described above).

You will be required to make a new election with respect to the form of payment in which you will receive your pensiononce payments resume.

Your pension payments will also be “suspended” if you continue to work past your Normal Retirement Date. You willcontinue to be eligible to accrue benefits (subject to the provisions of the Plan), but in general, no actuarial adjustmentfor late commencement will be made to your pension. However, as indicated in the discussion regarding a DeferredRetirement pension, if you work past age 70 ½ in System Company employment, the amount of your Deferred Retirementpension will not be less than the actuarial equivalent of your benefit for the period beginning April 1 following the calendaryear in which you attained age 70 ½ and ending on your Retirement Income Commencement Date.

The EPRC will notify you if any of the suspension of benefits provisions described above apply to you.

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Section7:HowYourPensionWillBePaidThe Plan offers several methods for payment of your pension. You should choose the method that best suits your needs.Your normal form of payment depends on your marital status when your pension payments begin. If you prefer, you mayelect (with your spouse’s consent, if applicable) one of the optional forms of payment. If you terminate employment withall System Companies after December 31, 2017 and are interested in receiving your pension in the form of a lump suminstead of an annuity, or electing commencement prior to age 55, you have only a limited time following your terminationof employment to make this election. In all cases, your commencement elections must be made within a specified timeperiod before your selected Retirement Income Commencement Date. Based on various factors such as interest rateassumptions and life expectancy tables, all optional forms of payment are approximately equal in value. If you are anArticle XXII or XXIII Participant, you should refer to Section 10 or Section 11, as applicable.

Normal Payment MethodYour normal payment method depends upon your marital status on your Retirement Income Commencement Date.

§ If you are single, your pension will be paid as a single life annuity. You will receive a monthly pension for yourlifetime and no pension payments will be made after your death.

§ If you are married, your pension will be paid as a joint and 50% survivor annuity. You will receive monthlypension payments for your lifetime, and after your death your surviving spouse will receive a monthlypayment equal to 50% of the pension payment you were receiving for the rest of his or her life. The spouseeligible to receive benefits under this option is the spouse to whom you are marred on your RetirementIncome Commencement date.

Because a joint and survivor annuity is payable for two lifetimes, your pension will be actuarially reduced, based onyour age and the age of your spouse on your Retirement Income Commencement Date.

Spousal Consent RequirementsIf you are married on your Retirement Income Commencement Date and want to select an optional form of payment thatprovides a survivor benefit that is less than 50% (for example, you elect a single life annuity, or the life annuity with a 10-year certain option), or you wish to designate someone other than your spouse as your beneficiary or your joint annuitant,your spouse must provide written, notarized consent to such an election. Your spouse must consent not only to the formof payment, but also to the specific individual named as your joint annuitant or beneficiary.

The waiver by your spouse of the normal form of payment described above may be made only during the 90-day periodbefore your Retirement Income Commencement Date, and may also be revoked during this same period. It may not berevoked after your Retirement Income Commencement Date.

Unless a Qualified Domestic Relations Order (QDRO) (see page 56) requires otherwise, your spouse’s consent is notrequired if your spouse cannot be located through reasonable means, or if you are legally separated (within the meaningof local law) and you have a court order to such effect. If your spouse is not legally competent to give consent to yourelection, your spouse’s legal guardian, even if the guardian is the Participant, may give consent.

Please contact the EPRC for information on providing appropriate documentation if one of the special circumstancesregarding spousal consent described above applies to you.

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Optional Payment MethodsIf you prefer, you may elect one of the optional forms of payment described in this section. If you die before the first dayof the first period in which a pension is payable from the Plan, your election will be cancelled and any pension payable willbe subject to the survivor benefit rules discussed in Section 8. However, if the survivor annuity payable to your survivingspouse under the optional form you elected is higher than the amount your spouse would receive as a pre-retirementspouse’s death benefit, your spouse will receive the higher amount. Note that if you terminate employment with allSystem Companies after December 31, 2017 and commence your pension prior to age 55 during your Applicable LTCPeriod and are not otherwise eligible to commence at that time, certain annuity forms of payment will not be available toyou. See “Limited Termination Commencement Period” below.

Optional Joint and Survivor AnnuityUnder this option, you will receive a monthly pension for your lifetime, and after your death your joint annuitant willreceive a monthly payment equal to a percentage of the pension payment you were receiving for the rest of his or herlife. You choose your joint annuitant and the percentage of your pension that you want your joint annuitant to receiveafter your death (for example, 25%, 331/3%, 50%, 60%, 662/3%, 75%, 90% or 100%). If your joint annuitant is not yourspouse, then the percentage you may continue after your death may be limited by law. If you are married, your spousemust provide written, notarized consent to your election of another joint annuitant as well as to your election of anoptional form of payment that provides a survivor benefit to your spouse that is less than 50% of the pension paymentyou were receiving before your death.

If your joint annuitant dies before the first day of the first period in which your pension is payable from the Plan, yourpension will revert to the normal form of payment, unless you elect another form of payment. If your joint annuitant dieson or after the first day of the first period in which a pension is payable from the Plan, your pension will continue in thesame manner until your death and no additional benefits will be payable to your estate or anyone else following yourdeath. You will not be allowed to elect a new joint annuitant to receive any portion of your pension following your death.

If you were a participant in the Gulf States Utilities Company Employees’ Trusteed Retirement Plan, you may be eligible fora special pop-up provision from the Plan if your pension commences in the form of a joint and survivor annuity prior toyour joint annuitant’s actual death. Please refer to Section 9 for more detail.

Life Annuity with 10-Year Certain OptionThis annuity provides a monthly pension for your life with an extra guarantee. If you die before you have received 120pension payments, payments will continue to your primary beneficiary until a combined total of 120 payments have beenmade to you and your primary beneficiary. If you die after you have received 120 payments, no further payments will bemade to your beneficiaries or your estate or to anyone else following your death.

When you elect this form of payment, you must designate a primary beneficiary and an alternate, or contingent,beneficiary(ies). Payment is made to your contingent beneficiary(ies) only if you and your primary beneficiary die before120 payments have been made to you and your primary beneficiary. Again, if you are married, your spouse must providewritten, notarized consent to this form of payment and, if your primary beneficiary is not your spouse, your designationof another beneficiary.

Single Life AnnuityUnder this form of payment, you receive a monthly pension for your lifetime. When you die, payments stop. Again, if youare married, your spouse must provide written, notarized consent to your election of a single life annuity.

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Level Income OptionIf you elect to commence your pension payments before age 62, you may elect the level income payment option. Thisprovides a larger monthly pension to you before age 62 (the age at which you become eligible for Social Security benefits)and then automatically reduces your monthly pension amount by your estimated monthly Social Security benefit onceyou attain age 62 — thus providing you with a consistent level of income from your Retirement Income CommencementDate until your death. (Note: You may have one or two months where the total income is not level because of the SocialSecurity payment time schedule.) The reduction at age 62 occurs whether or not you actually apply for Social Securitybenefits.

Again, if you are married, your spouse must provide written, notarized consent to your election of the level incomepayment option.

This option is not available to you if the amount that would be payable under this option prior to age 62 is equal to or lessthan your estimated Social Security benefit payable at age 62. Also, this form of payment may be restricted under IRSrules depending on the funded status of the Plan.

Example

Let us assume that you are entitled to a single life annuity of $1,350 per month payableat age 55 and that your estimated monthly Social Security benefit payable at age 62 is$800. An adjustment to your pension amount is calculated by applying an actuarialfactor to your estimated Social Security benefit to produce an actuarially equivalentstream of payments. The adjusted Social Security amount in this example is equal to($800 x 0.48 = $384).

To compute the amounts payable under the level income option, subtract theadjusted Social Security amount ($384) from the single life annuity payable at age 55,and then add back the age 62 estimated Social Security benefit amount ($1,350 - $384+ $800 = $1,766). This is the amount of your pension that would be payable beginningat age 55 and until you reach age 62.

Once you attain age 62, subtract the estimated Social Security benefit ($800) from thelevel income benefit ($1,766). You will receive a pension of $966 per month, for therest of your life.

In the event you elect to receive your pension from another System Company defined benefit plan under the level incomepayment option with the same Retirement Income Commencement Date as your pension from this Plan under the levelincome payment option, you may elect proration of your estimated Social Security benefits. If you make this election theamount of your estimated Social Security benefits used to determine your pension amounts under each plan will beprorated in proportion to the pension payable by each of the affected System Company defined benefit plans. Making thiselection is important if you want a level amount of income during your retirement. If you fail to make such an election,then the full estimated Social Security benefit amount will be used to reduce your payments from each plan once youattain age 62, and your total pension from Entergy plans would decrease at age 62 by double (or more) of your estimatedSocial Security amount.

Because this form of payment is based on your estimated Social Security benefit, you must submit an estimate of yourSocial Security benefit to the EPRC when you commence your pension. This estimate can be obtained from the SocialSecurity Administration (visit www.ssa.gov). Keep in mind, this option does not provide for any survivor benefits.

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Lump Sum Option – Available Only during Your Applicable LTC PeriodUnder this option, you receive your pension in a single lump sum payment, with no benefit payable to anyone followingyour death. This option is only available to you if you terminate employment with all System Companies after December31, 2017, and only if you commence your pension within your Applicable LTC Period. If you are married, your spousemust provide written, notarized consent to your election of the lump sum form of payment. If you fail to commenceyour pension within your Applicable LTC Period, you permanently forfeit your eligibility to elect the lump sum form ofpayment. See “Limited Termination Commencement Period” below for more details. The lump sum payable under theLTC Period provision of the Plan will be equal to the present value, as of the lump sum commencement date, of thedeferred monthly pension payments that you could otherwise elect to receive as a single life annuity if you delayed thestart of your pension to your Normal Retirement Date. If you are eligible to commence your pension as of your selectedRetirement Income Commencement Date without regard to the LTC Period provision of the Plan, the lump sum amountwill be equal to the present value, as of the lump sum commencement date, of the immediate monthly pension paymentsthat you could elect to receive under the Plan as a single life annuity commencing on your selected Retirement IncomeCommencement Date, if this amount is greater than the present value described in the preceding sentence. The actuarialassumptions used to determine the present value will be based on the mortality table prescribed by the IRS underInternal Revenue Code section 417(e) and the three-segment interest rates under section 417(e) for the month of Augustof the calendar year immediately preceding the calendar year in which the Retirement Income Commencement Datefalls.

You (or your surviving spouse or alternate payee under a QDRO, if applicable) may elect to have the lump sum paymentpaid to you or directly rolled over to another eligible retirement plan of your choice.

Small Amount Lump-Sum PaymentsIf the actuarial present value of your vested pension is $1,000 or less when you retire, die or otherwise terminateemployment with a System Company, you (or your surviving spouse, if applicable) will automatically receive your pension(or pre-retirement spouse’s death benefit, if applicable) in a single lump-sum payment as soon as practicable thereafter.The actuarial value of such benefit is based on certain assumptions about life expectancy and interest rates, as requiredby law. A pension that is payable as a small-amount lump sum payment is not eligible for commencement under the LTCPeriod provision described in the following section of this Summary Plan Description.

However, if the single lump sum payment amounts to at least $200 then you (or your surviving spouse, if applicable) mayelect to have the lump sum payment paid to you or directly rolled over to another eligible retirement plan of your choice.You (or your surviving spouse, if applicable) will be provided with a detailed explanation of the rollover procedures at thattime. If you (or your surviving spouse, if applicable) do not make a timely election you will automatically receive yourpension in a single lump sum cash payment.

If you were rehired before July 1, 2014 after receiving a lump-sum payment of your pension and you continue to meet allof the eligibility requirements discussed in Section 2, your pension upon subsequent termination of employment will bebased on all of your Benefit Service and Vesting Service, but your pension will be reduced to take into account the valueof the pension attributable to the lump-sum amount you already received.

If the single-sum actuarial present value of your pension is more than $1,000, your pension will be paid under the normalpayment method or, if you so elect, one of the optional payment methods. You may also be eligible for commencementunder the LTC Period provision described in the following subsection of this Summary Plan Description.

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Limited Termination Commencement PeriodIf your System Company employment terminates after December 31, 2017 and you are vested in your pension under thePlan, in addition to the commencement dates and payment forms otherwise available under the Plan, eligibility forcommencement prior to age 55 and eligibility to receive payment of your pension under a lump sum payment option willbe available to you, and in certain cases to your surviving spouse or alternate payee under a QDRO, during a limited periodof time. In order to take advantage of the earlier commencement date and/or the lump sum option, distribution mustcommence on a Retirement Income Commencement Date that falls within the “Applicable LTC Period” that applies to you,your surviving spouse, or alternate payee, as applicable. The Applicable LTC Period ends on the following dates:

§ For a Participant other than a Participant receiving LTD benefits from the LTD Plan, the date that is 12months after the first day of the calendar month immediately following the date of the terminationof the Participant’s System Company employment;

§ For a Participant who is receiving LTD benefits from the LTD Plan, the date that is 12 months after thefirst day of the calendar month immediately following the date of the termination of the Participant’sLTD benefits under the LTD Plan (even if such date is more than 12 months after the first day of thecalendar month immediately following the date such Participant is considered to have terminatedemployment with all System Companies);

§ For a surviving spouse of a Participant who terminates employment with all System Companies on orafter January 1, 2018 and who dies following termination of employment and prior to commencementof his pension, the date that is 12 months after the first day of the calendar month immediatelyfollowing the date of the Participant’s termination of employment;

§ For a surviving spouse of a Participant whose death occurs on or after January 1, 2018 and prior to histermination of employment with all System Companies, the date that is 12 months after the first dayof the calendar month immediately following the date of the Participant’s death.

§ For an alternate payee, the LTC provisions of the Plan apply if the System Company employment ofthe Participant who is the former spouse with respect to the QDRO has not terminated before January1, 2018. There are two separate 12-month periods (which could partially overlap) that qualify underthe Plan as an Applicable LTC Period for the alternate payee. One of these periods could begin priorto the Participant’s termination of employment.

§ The Applicable LTC Period that applies prior to the Participant’s termination of SystemCompany employment ends on the date that is 12 months after the first day of thecalendar month immediately following the later of (i) the date the QDRO is qualified bythe Committee, or its delegate, or (ii) the Participant’s fiftieth birthday; or

§ The Applicable LTC Period that applies after the Participant’s termination of SystemCompany employment ends on the date that is 12 months after the first day of thecalendar month immediately following the date of the termination of the Participant’sSystem Company employment.

If you are not otherwise eligible to commence distribution of your pension except under the LTC Period provision of thePlan during your Applicable LTC Period (for example, you terminate employment prior to reaching age 55), you will beeligible to commence your pension during your Applicable LTC Period in the form of a single life annuity, or as a singlelump sum payment. Your pension will be reduced for early payment, based on the Plan’s actuarial equivalence factors,which will generally produce a greater reduction than would apply if you were otherwise eligible to commence yourpension. If you are married on your selected Retirement Income Commencement Date, you will also be eligible to elect

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distribution in the form of the joint and 50% survivor annuity with your spouse as your joint annuitant, or in the form ofthe optional joint and 75% survivor annuity with your spouse as your joint annuitant. You will not be eligible to elect anyother optional form of payment or a joint annuitant other than your spouse if you take advantage of this special earlycommencement opportunity. If you are married, spousal consent is required if you elect the single life annuity option orthe lump sum payment option. Spousal consent requirements are detailed above. If you do not commence distributionof your pension before the end of your Applicable LTC Period, you will not thereafter be able to elect a lump sum formof payment and will be eligible to commence your pension only on a date and in a form of payment otherwise specifiedin the Plan, without regard to the LTC Period provision.

If you are otherwise eligible to commence distribution of your pension during your Applicable LTC Period (for example,you terminate employment on or after age 55 with 10 or more years of Vesting Service), you will be eligible to commenceyour pension during your Applicable LTC Period as a single lump sum payment or in any of the forms of payment otherwiseavailable to you under the Plan, including an annuity with a joint annuitant of your choosing. Your pension will be reducedfor early commencement based on the reduction factors that otherwise apply to commencement of a Terminated Vestedpension or an Early Retirement pension, whichever applies to you. If you are married, spousal consent is required if youselect an optional form of payment that provides a survivor annuity less than 50% (for example, you elect a single lifeannuity, or the lump sum payment), or if you designate someone other than your spouse as your beneficiary or your jointannuitant. Spousal consent requirements are detailed above. If you do not commence distribution of your pension beforethe end of your Applicable LTC Period, you will not thereafter be able to elect a lump sum form of payment and will beeligible to commence your pension only on a date and in a form of payment otherwise specified in the Plan, withoutregard to the LTC Period provision of the Plan.

Example: Let us assume you are 50 years old and terminate employment on June 1, 2021.Because your termination of System Company employment occurred after December 31,2017, for a limited time you have the opportunity to commence your pension prior toattaining age 55, and if you commence your pension during this period, you have theopportunity to elect the lump sum option. In order to take advantage of the ability tocommence your pension prior to age 55, and to have the option of receiving your pensionunder the lump sum option, you must elect a Retirement Income Commencement Datethat is on or before July 1, 2022. If you are married on the Retirement IncomeCommencement Date that you elect, the optional forms of payment available to you willinclude the lump sum option, a single life annuity, a joint and 50% survivor annuity withyour spouse as your joint annuitant, or a joint and 75% survivor annuity with your spouseas your joint annuitant. If you do not commence your pension on or before July 1, 2022,your next opportunity to commence your pension will be on the first day of the month afteryour 55th birthday. At that time you will be not be eligible to elect the lump sum form ofpayment, but you will be eligible to elect any of the annuity forms of payment offered underthe Plan at that time, including a joint annuitant of your choosing (subject to the consentof your spouse).

Example: Let us assume you are 58 years old and terminate employment on June 1, 2021with over 10 years of Vesting Service. You are eligible to commence your pension on thefirst day of any month following your termination of employment, and you are eligible toelect any annuity form of payment offered under the Plan. Because your termination ofSystem Company employment occurred after December 31, 2017, for a limited time youhave the opportunity to elect that your pension be paid to you as a lump sum payment. Inorder to receive your pension under the lump sum option, you must commence yourpension on or before July 1, 2022. If you do not commence your pension on or before July1, 2022, you will not be eligible to elect the lump sum form of payment at a later time.

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How to Commence Your Pension

Initiating the Commencement ProcessWhen you are ready to begin receiving your pension, you must first decide on a Retirement Income CommencementDate. Your Retirement Income Commencement Date is the first day of the first month as of which your pension benefitwill be paid from the Plan.

Once you have decided on a Retirement Income Commencement Date, you should contact the EPRC to start the benefitcommencement process. You can contact the EPRC in one of the following ways:

§ Visit http://digital.alight.com/entergy to initiate commencement online (if eligible)

To commence your benefit online, navigate to the web address above. Click on the drop-down menu labeled“Pension” and select “Commencement Hub.” Then click the “Get Started” button and follow the step-by-stepinstructions provided to initiate your commencement online.

To help you make your choices, you will receive information explaining:

§ The terms and conditions of your normal form of pension payment,

§ Your rights to waive your normal form of pension payment and the financial implications of making thischoice,

§ Your rights to defer receipt of your pension and a description of how much larger your pension will be ifthe commencement of distribution is deferred (keep in mind, however, that if you meet the eligibilityrequirements for retiree coverage under Entergy’s employee health and welfare plans (the EntergyCorporation Companies’ Benefits Plus Medical, Dental, Vision and Life Insurance Plans and theEntergy Corporation Companies’ Retiree Health Plan), you will permanently lose your eligibility forthose benefits if you defer commencement or do not return your Pension Election Authorization Formtimely. Also, if you terminate employment with all System Companies after December 31, 2017 andyou defer commencement of your pension to a date after your Applicable LTC Period, you willpermanently lose eligibility for commencement of your pension before age 55 and eligibility to electthe lump sum payment option),

§ Your spouse’s rights concerning waiving the normal form of pension payment, and

§ Your rights to waive your previous election and choose a different form of pension payment before yourRetirement Income Commencement Date.

After selecting your form of payment and joint annuitant, if applicable, online, you will receive a Pension ElectionConfirmation Statement and Pension Election Authorization Form either in your secure mailbox (if elected) or via postalmail. Please follow the instructions on the Pension Election Confirmation Statement to complete and return your PensionElection Authorization Form. See the “Completing the Commencement Process” below for more details.

Not everyone is eligible to commence using the online commencement process described above. If you are unable toaccess the Commencement Hub to initiate commencement online, please contact the EPRC by phone (as outlined below)to request a commencement kit.

§ Call the EPRC at 1-855-523-3772 and speak with an Entergy Retirement Specialist

To commence your benefit by calling the EPRC, please contact the EPRC at the number above and select the option toInitiate Retirement. Once connected, a Retirement Specialist will gather the information necessary to mail you a

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commencement kit. The commencement kit will include information necessary for you to select a form of paymentand joint annuitant, if applicable.

To help you make your choices, you will receive information explaining:

§ The terms and conditions of your normal form of pension payment,

§ Your rights to waive your normal form of pension payment and the financial implications of making thischoice,

§ Your rights to defer receipt of your pension and a description of how much larger your pension will be if thecommencement of distribution is deferred (keep in mind, however, that if you meet the eligibilityrequirements for retiree coverage under Entergy’s employee health and welfare plans (the EntergyCorporation Companies’ Benefits Plus Medical, Dental, Vision and Life Insurance Plans and the EntergyCorporation Companies’ Retiree Health Plan), you will permanently lose your eligibility for those benefitsif you defer commencement or do not return your Pension Election Authorization Form timely), Also, if youterminate employment with all System Companies after December 31, 2017 and you defer commencementof your pension to a date after your Applicable LTC Period, you will permanently lose eligibility forcommencement of your pension before age 55 and eligibility to elect the lump sum payment option),

§ Your spouse’s rights concerning waiving the normal form of pension payment, and

§ Your rights to waive your previous election and choose a different form of pension payment before yourRetirement Income Commencement Date.

Once you have decided on your form of payment, you will need to contact the EPRC to make your selection. After notifyingthe EPRC of your form of payment, you will receive a Pension Election Confirmation Statement and Pension ElectionAuthorization Form either in your secure mailbox (if elected) or via postal mail. Please follow the instructions on thePension Election Confirmation Statement to complete and return your Pension Election Authorization Form. See the“Completing the Commencement Process” below for more details.

You should request your commencement kit not more than 90 days nor less than 30 days before the date you have chosenas your Retirement Income Commencement Date. You must visit http://digital.alight.com/entergy to initiatecommencement online (if eligible) or notify the EPRC of your intent to commence your pension, as outlined above, priorto your chosen Retirement Income Commencement Date. Pension payments cannot legally be made less than 30 daysafter you are provided with your commencement kit, unless you and your spouse, if applicable, waive the 30-day noticerequirement in which case pension payments can be made beginning 8 days after you are provided with yourcommencement kit.

A retroactive Retirement Income Commencement Date may be permitted if you apply for benefits prior to the date onwhich you want benefit payments to begin but you receive your commencement kit after that date, provided the EPRCreceives your completed Pension Election Authorization Form and other required documentation on or before thedeadline shown on your Pension Election Confirmation Statement. Your spouse must consent to your election of aretroactive Retirement Income Commencement Date.

If you are an Article XXII or XXIII Participant, you may be required to make separate elections with respect to the portionof your benefit affected by the provisions described in Section 10 or 11, as applicable, and the remainder of your benefit.

Completing the Commencement ProcessAfter selecting your form of payment and joint annuitant, if applicable, as described in “Initiating the CommencementProcess” you will receive a Pension Election Confirmation Statement and Pension Election Authorization Form. ThePension Election Confirmation Statement provides a summary of your selections as well as an outline of the process for

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finalizing your benefit elections which includes completing and returning the Pension Election Authorization Form and anyother required documents. The Pension Election Authorization Form must be signed by you and your spouse, if applicable,and returned to the EPRC in order for your choices to be binding. The Pension Election Confirmation Statement willprovide the deadlines by which your Pension Election Authorization Form and other required documentation must bereceived by the EPRC. You may need to return your Pension Election Authorization Form by the earlier deadline shownon the Pension Election Confirmation Statement if you want to receive your first check at the earliest possible date (basedon the Retirement Income Commencement Date you have chosen). Should you have any questions regarding thedeadlines for returning your required information, please contact the EPRC.

Your benefits from the Plan will not commence, until you have completed the benefit commencement process outlinedabove. Please note that failure to complete the commencement process in full (the Pension Authorization Form and otherrequired documents must be received by the EPRC by the required deadline) will be treated as your election to defercommencement to a later Retirement Income Commencement Date. If that happens, you will need to start the processover and the Retirement Income Commencement Date that you originally elected will no longer be available to you.Additionally if you meet the eligibility requirements for retiree coverage under Entergy’s employee health and welfareplans (the Entergy Corporation Companies’ Benefits Plus Medical, Dental, Vision and Life Insurance Plans and theEntergy Corporation Companies’ Retiree Health Plan), you will permanently lose your eligibility for those benefits if thenew Retirement Income Commencement Date you select is not the first day of the month immediately following yourlast day of employment. Also, if you terminate employment with all System Companies after December 31, 2017 andyou defer commencement of your pension to a date after your Applicable LTC Period, you will permanently loseeligibility for commencement of your pension before age 55 and eligibility to elect the lump sum option (see “OtherConsiderations” below).

After the EPRC receives your completed Pension Election Authorization Form, your benefit election will be processed inaccordance with the Plan provisions.

Changing Your SelectionsYou may change your form of pension payment or joint annuitant, if applicable, at any time before your RetirementIncome Commencement Date. To change your form of payment or joint annuitant, if applicable, before that date, pleasecontact the EPRC. You will not be allowed to change your election or your joint annuitant, if applicable, after yourRetirement Income Commencement Date. (Keep in mind that if you terminate employment with all System Companiesafter December 31, 2017 and you change your Retirement Income Commencement Date to a date that is after the lastday of your Applicable LTC Period, you will lose the opportunity to elect the lump sum option or to commence yourpension prior to age 55.)

Other ConsiderationsIf you meet the eligibility requirements for retiree coverage under Entergy’s employee health and welfare plans (theEntergy Corporation Companies’ Benefits Plus Medical, Dental, Vision and Life Insurance Plans and the EntergyCorporation Companies’ Retiree Health Plan), you will permanently lose your eligibility for those benefits if yourRetirement Income Commencement Date is later than the first day of the month following your last day of SystemCompany employment So it is important that you meet the deadlines that apply for that Retirement IncomeCommencement Date in order to avoid losing your eligibility for the retiree health and welfare benefits. Even if you requestyour commencement kit on time, your Pension Election Authorization Form must be received by the required deadline,or you will be required to select a new (and later) commencement date and you will permanently lose your eligibility forretiree coverage under Entergy’s employee health and welfare plans.

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When Your Pension Will Be PaidYour pension is payable as of the first day of the month. If the first day of the month is a bank holiday, you will receiveyour pension on the next business day following the bank holiday.

If you elect to receive your pension in the form of a paper check, for your protection, the check will be cancelled 120 daysafter it is issued regardless of the expiration date printed on the check. You will need to call the EPRC to have the checkreissued. As stated above, once your payments have commenced, even if a check is cancelled, your Retirement IncomeCommencement Date and form of payment may not be changed.

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Section8:SurvivorBenefits

Pre-Retirement Spouse’s Death BenefitIf you are married, vested and die before you begin receiving a retirement or vested termination pension, your spousemay be eligible for a pre-retirement spouse’s death benefit. This benefit is payable if you die while an active employee orafter you have retired (but have not commenced your pension from the Plan). This benefit is also payable if you die afteryou have terminated System Company employment as a vested terminated Participant (but have not commenced yourpension from the Plan).

The pre-retirement spouse’s death benefit is provided at no cost to you.


Commencement at Normal Retirement DateThe pre-retirement spouse’s death benefit is payable to your surviving spouse on the first day of the month following themonth in which you would have attained age 65. Your spouse will receive 50% of the amount you would have received ifyou:

§ Had left employment with the Participating Company on the earlier of your date of death or the date youactually left such employment,

§ Lived to age 65, and

§ Commenced your pension with a joint and 50% survivor annuity and then immediately died.

Your spouse’s death benefit amount is based on your Final Average Monthly Earnings, your Benefit Service, and otherbenefit determining factors as of the earlier of your date of death or the date you actually left the employment of theParticipating Company.

Commencement at Early Retirement DateIf your surviving spouse prefers, he or she can elect to have the pre-retirement spouse’s death benefit paid on or afteryour earliest possible commencement date (the first of the month following the date you would have attained age 55).Your spouse’s benefit will equal 50% of the pension you would have received if you:

§ Had left employment with the Participating Company on the earlier of your date of death or the date youactually left such employment,

§ Survived to the date as of which your spouse elects to commence the pre-retirement spouse’s death benefit,and

§ Commenced your pension as a joint and 50% survivor annuity on the date as of which your spouse elects tocommence the pre-retirement spouse’s death benefit, and then immediately died.

Your spouse’s death benefit amount is based on your Final Average Monthly Earnings, your Benefit Service, and otherbenefit determining factors as of the earlier of your date of death or the date you actually left the employment of theParticipating Company.

If you had at least 10 years of Vesting Service (but were not eligible for an Early Retirement pension) when you died, thepre-retirement spouse’s death benefit will be reduced using the Early Retirement factors shown on page 11. If you had at

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least five but less than 10 years of Vesting Service when you died, your spouse’s benefit will be reduced using the factorsfor Terminated Vested Participants (see page 12).

If Death Occurs After Early Retirement EligibilityIf you die after age 55 and have at least 10 years of Vesting Service, your surviving spouse will be eligible to receive the pre-retirement spouse’s death benefit beginning on the first day of the month following your death. Payments will be calculatedas if you had lived to age 65, retired with a joint and 50% survivor annuity and then immediately died, but will be based onyour Final Average Monthly Earnings, your years of Benefit Service, and other benefit determining factors as of the earlier ofyour date of death or the date you actually left the employment of the Participating Company. There is no reduction for earlypayment of this benefit.

Commencement During Applicable LTC PeriodIf you terminate employment with all System Companies after December 31, 2017 and die prior to commencing your pension,or if you die after December 31, 2017 while actively employed, your spouse will be eligible to commence distribution of thepre-retirement spouse’s death benefit prior to the date you would have attained age 55, and will be eligible to elect to havethe pre-retirement spouse’s death benefit paid in the form of a lump sum instead of a single life annuity, if your spousecommences distribution of the pre-retirement spouse’s death benefit no later than the last day of your spouse’s ApplicableLTC Period. See “Limited Termination Commencement Period” in Section 7 for information regarding the Applicable LTCPeriod that applies to your spouse.

Payment of the Pre-Retirement Spouse’s Death BenefitPayment of the pre-retirement spouse’s death benefit cannot commence until proof of your death is received by the EPRC.Your spouse may elect to defer commencement to a date no later than the April 1 following the year in which you wouldhave attained age 72 if you had survived. (If you would have attained age 70½ prior to January 1, 2020, your spouse maynot defer commencement beyond the April 1 following the year in which you would have attained age 70½).

Your spouse’s benefits from the Plan will not commence until he or she initiates the benefit commencement process byfollowing the procedures described in “How to Commence Your Pension” in Section 7. Failure to complete thecommencement process in full (including completing and returning all the appropriate forms) will be treated as yourspouse’s election to defer commencement to a later date.

If your spouse dies after you, but before payment of the pre-retirement spouse’s death benefit starts, no benefits will bepayable to your estate or anyone else following your death.

If the value of your pre-retirement spouse’s death benefit under the Plan does not exceed $1,000, your surviving spousewill not be eligible to receive a single life annuity, but instead your pre-retirement spouse’s death benefit will be paid in alump sum. Please refer to the section entitled “Small Amount Lump-Sum Payments.”

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Section9:GrandfatheredBenefitsandOptionsforGulfStatesUtilitiesCompanyEmployees’TrusteedRetirementPlanParticipantsThe provisions described in this Section 9 apply to you only if you were a participant in the Gulf States Utilities CompanyEmployees’ Trusteed Retirement Plan (“Prior GSU Plan”) prior to October 1, 1994, and you met the active servicerequirement on October 1, 1994. You met the active service requirement if you were in active service with Gulf StatesUtilities (“GSU”) on October 1, 1994 (or you were transferred from GSU to another System Company prior to October1, 1994 and were in active service with a System Company on October 1, 1994).

You must also satisfy the other requirements below with respect to eligibility for certain of these grandfatheredbenefits.

If you do not meet these requirements for the grandfathered benefits described in this Section 9, you may neverthelessbe eligible for other grandfathered benefits based on your employment history with a System Company. Contact theEPRC for more information.

Normal Retirement PensionIf you meet the requirements described above, your monthly Normal Retirement pension will be the greater of (1) or (2)as follows.

(1) The normal retirement pension formula under the Plan – see Section 6 (“Formula 1”).

(2) The Normal Retirement pension formula under the provisions of the Prior GSU Plan as follows:

The sum of (a) and (b) multiplied by your years of credited service up to a maximum of 35 years divided by 12 (“Formula2”).

(a) 1.2% times your final average compensation up to the average Social Security wage base, and

(b) 1.6% times your final average compensation in excess of the average Social Security wage base.

Your final average compensation is the average of your annual compensation for the highest consecutive 60 months ofemployment during the last 120 months of employment as a non-bargaining employee. Compensation means base pay,including commissions, but excludes any bonuses and overtime pay or special pay.

The average Social Security wage base is equal to the average of the earnings subject to Social Security withholding taxesduring the 35 calendar years ending on the December 31 of the year before your retirement or termination of employmentwith a System Company. The average Social Security wage base for a termination or retirement during 2021 is $88,937.

Credited service is the amount of service accrued under the provisions of the Prior GSU Plan, subject to the break in servicerules, transfer rules and other service crediting rules under that plan. No more than 35 years of credited service are takeninto account under Formula 2.

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Early Retirement PensionEarly Retirement options may be available to you if meet the requirements described above. The Early Retirement pensionoptions and eligibility requirements are outlined below.

Early Retirement Pension for Retirees on or After Age 55This Early Retirement pension applies to you if:

§ You have at least 10 years of credited service at retirement, and

§ You are between the ages of 55 and 65 at retirement.

Your pension will be calculated using the two benefit formulas discussed in the previous subsection entitled “NormalRetirement Pension” but reduced for early commencement as follows:

§ Your benefit payable commencing at age 65 under Formula 1 is reduced for early commencement as describedin Section 6, which provides a reduction of 2% for each year (1/12 of 2% per month) that your benefitcommences prior to age 65, and

§ Your benefit under Formula 2 will be reduced by 5% for each year (1/12 of 5% per month) that your benefitcommences prior to age 62.

You will receive the greater of the two benefits.

Protected Early Retirement Pension Commencement DateYou are entitled to commence your pension based on the pension you had accrued as of September 30, 1994 if you meeteach of the following:

§ You have at least 10 years of credited service at termination,

§ You are between the ages of 50 and 55 at termination, and

§ You elect to commence your benefit prior to age 55.

Your Early Retirement pension will be determined as follows: first calculate your accrued benefit under Formula 2 outlinedin the previous subsection entitled “Normal Retirement Pension” using only Final Average Monthly Earnings and creditedservice through September 30, 1994. Use $22,291 for the average Social Security wage base (which is the amount thatapplies for a termination or retirement during 1994).

This benefit is then reduced for early commencement by 5% for each year (1/12 of 5% per month) that your pensioncommences prior to age 62. You will begin to receive this pension on your Retirement Income Commencement Date.

You may be entitled to an increased pension when you reach age 55. Any increase will take into account the pensionamounts that you have received prior to age 55.

Vested Pension

Protected Terminated Vested Pension Commencement DateIf you did not meet the eligibility requirements for the Early Retirement Pension for Retirees on or After Age 55 or theProtected Early Retirement Pension Commencement Date, you may be eligible to commence distribution of your

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Terminated Vested pension based on the pension you had accrued as of September 30, 1994 if you (1) have at least 10years of credited service at termination of employment, and (2) are under the age of 50 at termination of employment. Ifyou satisfy these requirements, you will be eligible for commencement of your vested pension between the ages of 50and 55 as follows.

Calculate your accrued benefit under Formula 2 outlined in the previous subsection entitled “Normal Retirement Pension”using only Final Average Monthly Earnings and credited service through September 30, 1994 and using $22,291 for theaverage Social Security wage base. Your benefit will be reduced 1/12 of 6.67% for each of the first 60 months and 1/12 of3.33% for each additional month by which your Retirement Income Commencement Date precedes the first day of themonth following your 65th birthday.

You may be entitled to an increased benefit when you reach age 55. Any increase will take into account the benefits thatyou have received prior to age 55.

Protected Terminated Vested PensionIf you have less than 10 years of credited service at termination of employment and you terminated employment with atleast five years of credited service at termination, then you are entitled to a vested pension payable at age 65 under thePlan. Your pension will be calculated using the two benefit formulas discussed in the previous subsection entitled “NormalRetirement Pension” with the exception that your pension under Formula 2 will consider only Final Average MonthlyEarnings and credited service through September 30, 1994, and $22,291 is used for the average Social Security wage base.You will receive the greater of the two benefits.

Disability Retirement BenefitsIf you had 10 years of credited service as of October 1, 1994 and you become disabled while employed as an activeParticipant, you may elect to receive the frozen accrued disability pension as of September 30, 1994.

Your disability retirement pension is calculated using Formula 2 as outlined in the previous subsection entitled “NormalRetirement Pension” using only Final Average Monthly Earnings and credited service accrued through September 30, 1994and $22,291 for the average Social Security wage base; however, this formula assumes that you are also eligible for SocialSecurity disability benefits. If you are not eligible for Social Security disability benefits, your Plan benefit is calculated using1.6% times your average final compensation (calculated as of September 30, 1994) times your years of credited service(accrued through September 30, 1994). If you become eligible for Social Security benefits, your Plan benefit is recalculatedusing Formula 2 as described previously.

If it is determined that you are no longer disabled and you are not reemployed by a System Company, you will be eligiblefor a Normal Retirement, Early Retirement or Terminated Vested pension under the Plan. If you were not eligible tocommence an Early Retirement or Terminated Vested pension at the time of your disability, once you reach the age atwhich you are eligible, you may elect to terminate your disability pension and change to an Early Retirement or TerminatedVested pension, if it produces a higher benefit.

Note that if you do not elect to receive the disability retirement pension, you may be eligible to continue to accrue BenefitService for purposes of Formula 1 while you are disabled. See “Service If You Become Disabled” on page 5 for moreinformation. You will not accrue Benefit Service during the period in which you are receiving the disability retirementpension described above.

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Pop-Up ProvisionThe Prior GSU Plan provided a pop-up benefit that became effective if you commenced receiving your pension and theperson who was to receive the survivor annuity died before you. Your pension would increase to an amount equal to thelife annuity form of payment as of your Retirement Income Commencement Date. If you are eligible under thegrandfathered provisions in this Section 9, the reinstated monthly pension will be the greater of:

§ the amount of your life only pension accrued through September 30, 1994 calculated under the provisions of thePrior GSU Plan in effect prior to October 1, 1994 (that is, the Formula 2 benefit calculated in the previoussubsection entitled “Normal Retirement Pension” using only Final Average Monthly Earnings and credited servicethrough September 30, 1994 and an average Social Security wage base of $22,291), or

§ the pension you are currently receiving.

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Section10:SpecialProvisionsForArticleXXIIParticipantsThe provisions described in this Section 10 apply to you only if you are one of the Participants named in Article XXII of thePlan as part of a Compliance Statement issued by the IRS. An Article XXII Participant is eligible for additional benefits, rightsand features not otherwise available under the Plan. All Article XXII Participants were previously notified of theirdesignation in the Plan as an Article XXII Participant.

Benefits, rights and features (BRFs) include such things as optional forms of payment, ancillary disability benefits, actuarialassumptions used to calculate benefits, Early Retirement eligibility criteria, Early Retirement reduction factors, and earlycommencement prior to Early Retirement eligibility. These special BRFs are referred to in this Summary Plan Descriptionas “Article XXII BRFs” because they are described in Article XXII of the Plan. The BRFs that apply under the Plan to theremaining portion of your accrued benefit will be referred to in this Section 10 as “Basic System BRFs.”

These Article XXII BRFs apply only to the increase in your accrued benefit under the Plan from January 1, 2007 throughDecember 31, 2017.

If you are an Article XXII Participant, you will continue to participate in and accrue your pension benefit under the Plan’sbenefit accrual formula described in Section 6, provided you continue to satisfy the Plan’s eligibility requirements. Yourtotal accrued benefit commencing as a single life annuity at Normal Retirement will not be affected. However, additionalBRFs will be available with respect to the increase in your accrued benefit under the Plan from January 1, 2007 (or, if later,your Employment Commencement Date) through December 31, 2017; this increase in your accrued benefit is referred toas your “Article XXII Accruals,” because the increase occurred during the period covered by Article XXII of the Plan.

Normal Retirement Pension – Your Article XXII AccrualsYour Normal Retirement pension is determined in the manner described in Section 6, “How Your Pension is Calculated.”Your Article XXII Accruals can be viewed as a “carve out” of part of your Normal Retirement pension. Your Article XXIIAccruals represent the portion of your Normal Retirement pension that you accrue beginning on your Article XXII EntryDate, and ending on your Article XXII End Date. Your Article XXII Entry Date is the later of January 1, 2007 or yourEmployment Commencement Date. Your Article XXII End Date is the earlier of December 31, 2017 or the date you are nolonger eligible to participate in the Plan (because of a transfer or your termination of employment).

If your Article XXII Entry Date is your Employment Commencement Date, your Article XXII Accruals are equal to the totalamount of your Normal Retirement pension under the Plan as of your Article XXII End Date. If your Article XXII Entry Dateis January 1, 2007, your Article XXII Accruals are determined by subtracting the Normal Retirement pension you hadaccrued under the Plan as of December 31, 2006 from the Normal Retirement pension you had earned under the Plan asof your Article XXII End Date.

The following example shows how these provisions will apply to your benefit.

Example:Assume you began participation in the Plan on January 1, 2001 and that your Final Average Monthly Earnings calculatedas of January 1, 2007, your Article XXII Entry Date, were $3,000/month. Based on your six years of Benefit Service on thatdate, the Normal Retirement pension you had accrued as of January 1, 2007 (determined as if you had terminated servicefrom all System Companies on that date) was equal to

1.5% x ($3,000 x 6 years) = $270/month.

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Your Article XXII End Date is December 31, 2017 (the earlier of December 31, 2017 or the date of your termination ofemployment from all System Companies). As of that date, you had 17 years of Benefit Service and your Final AverageMonthly Earning was $6,000. As of your Article XXII End Date your accrued benefit (determined as if you had terminatedservice from all System Companies on that date) was equal to

1.5% x ($6,000 x 17 years) = $1,530/month.

Your Article XXII Accruals are equal to the change in your accrued benefit from your Article XXII Entry Date to your ArticleXXII End Date. In this example, your Article XXII Accruals are calculated as follows:

$1,530/month minus $270/month = $1,260/month.

If you continued in employment until December 31, 2025, at which time your total Benefit Service was 25 years, and yourFinal Average Monthly Earnings were $10,000/month, your total Normal Retirement pension would be calculated asfollows:

1.5% x ($10,000 x 25 years) = $3,750/month.

Of your total Normal Retirement Pension, $1,260/mo. is attributable to your Article XXII Accruals, and is thus eligible forArticle XXII BRFs, or the Basic System BRFs, whichever is better. The remaining $2,490/month of your Normal Retirementpension is eligible only for the Basic System BRFs.

BRFs Applicable to Participant’s Accrued Benefit

ParticipationPeriod

Accrued Benefit forsuch Period

BRFS that apply to the AccruedBenefit for such Period

Prior toJanuary 1, 2007 $270/mo. Basic System BRFs

January 1, 2007through December 31,2017 (Your Article XXII

Accruals)$1,530 minus $270 =

$1,260/mo.

Article XXII BRFs or Basic SystemBRFs (if available), whichever is

better

January 1, 2018through Termination

at December 31, 2025

$3,750 minus $1,530 =

$2,220

Basic System BRFs

Important Note: In certain circumstances, you may commence your Article XXII Accruals earlier than you may commencethe remainder of your Plan benefit, or in an optional form of payment that is not available as a Basic System BRF. If youelect to commence these different portions of your pension at different dates or under different optional forms ofpayment, you will need to make two separate elections.

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Early Commencement of Your Article XXII AccrualsBecause your entire pension is eligible for commencement under the Basic System BRFs, you are eligible to commencedistribution of your entire pension as an Early Retirement pension or as a Terminated Vested pension on the dates and inthe amounts described in Section 6, or during your applicable LTC Period as described in Section 7. However, you maychoose to commence distribution of your Article XXII Accruals under the Article XXII BRFs, as described below, if theyproduce a smaller retirement reduction factor than would apply under the Basic System BRFs, or if they would allow anearlier commencement date.

The table at the end of this section provides a comparison of the early commencement reductions that apply under theArticle XXII BRFs and the Basic System BRFs.

The early commencement reduction factors that apply to your Article XXII Accruals are based on whether you satisfy theRule of 75 as of the date of commencement of your benefit. The Rule of 75 is satisfied if the sum of your Benefit Serviceand your age at the date of commencement equals or exceeds 75. In determining whether you satisfy the Rule of 75,Benefit Service and age are each rounded to the nearest whole number.

Your pension at early commencement under the Article XXII BRFs is equal to your Article XXII Accruals calculated as ifpayments start at age 65, but then reduced for early commencement. The reduction that applies depends on whether yousatisfy the Rule of 75 as of the date of commencement, and your age at commencement. The following are the rulesgoverning the reduction to your Article XXII Accruals.

Commencement after Meeting the Rule of 75:§ If you commence payment of your Article XXII Accruals on or after the first day of the month following the date

you attain age 60, your monthly payment of your Article XXII Accruals will not be reduced for earlycommencement.

§ If you have 30 or more years of Benefit Service and commence payment of your Article XXII Accruals on or afterthe first day of the month following the date you attain age 55, your monthly payment of your Article XXII Accrualswill not be reduced for early commencement.

§ If you have less than 30 years of Benefit Service and commence payment of your Article XXII Accruals prior to thefirst day of the month following the date you attain age 60, your monthly payment of your Article XXII Accrualswill be reduced by 0.125% for each month by which your Retirement Income Commencement Date precedes thefirst day of the month following the date you attain age 60. The following table illustrates the 0.125% per monthreduction (the percentages shown below are prorated for partial years):

If Payment of the Article XXIIAccruals Begins the First Day

of the Month After YouAttain Age

Percentage of the Article XXIIAccruals Payable at Normal

Retirement You Receive

59 98.5%58 97.0%57 95.5%56 94.0%55 92.5%

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§ If you commence payment of your Article XXII Accruals before the first day of the month following the date youattain age 55, even if you have 30 or more years of Benefit Service, your monthly payment of your Article XXIIAccruals will be reduced by the Plan’s actuarial reduction factors as follows:

If Payment of Your ArticleXXII Accruals Begins the FirstDay of the Month After You

Attain Age

Percentage of Your ArticleXXII Accruals Payable atNormal Retirement You

Receive54 54.4%53 50.8%52 47.2%51 43.6%50 41.2%49 38.8%48 36.4%47 34.0%46 31.6%

Example:The following calculation shows how the Early Retirement pension will be calculated for the Participant described in theexample above, for commencement at age 60:

§ The early retirement factor under the Basic System BRFs is 90%. The early retirement factor under the Article XXIIBRFs is 100%.

§ The Participant’s Early Retirement pension commencing at age 60 is calculated as follows:

.90 x ($270) + 1.00 x ($1,260) + .90 x ($2,220) = $3,501.

Commencement Prior to Meeting the Rule of 75:If you have completed five or more years of Vesting Service, you may begin receiving your Article XXII Accruals as of thefirst day of any month following your termination of employment from all System Companies. Payment of your Article XXIIAccruals will be made as an annuity, or subject to spousal consent, as a lump sum Cash Out. Annuity payments of theArticle XXII Accruals are reduced to reflect commencement prior to age 65, based on actuarial reduction factors thatchange each year and are different from the factors shown in the Early Retirement Pension section. For commencementin 2021, the following factors apply (factors for other ages may be obtained from the Entergy Pension Resource Center(EPRC)):

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Payment of your Article XXIIAccruals Begins the First Day

of the Month After YouAttain Age

Percentage of your ArticleXXII Accruals at Normal

Retirement Pension That YouReceive

65 100.00%64 94.05%63 88.48%62 83.24%61 78.29%60 73.61%59 69.61%58 65.86%57 62.36%56 59.08%55 55.99%54 53.08%53 50.34%52 47.74%51 45.29%50 42.95%49 40.74%48 38.63%47 36.62%46 34.70%

The Cash Out is a lump-sum payment representing the present value of your Article XXII Accruals that would be payableat Normal Retirement, based on IRS assumptions that vary each year. For more information, contact the EPRC. The CashOut is not available if you satisfy the Rule of 75.

Commencement during Your Applicable LTC PeriodThe immediate commencement and lump sum option available during your Applicable LTC Period will be determined asdescribed in Section 7, applying the Basic System BRFs for the early commencement factors and actuarial assumptions toyour entire accrued benefit, including your Article XXII Accruals. However, if you elect a lump sum during your ApplicableLTC Period, the amount of the lump sum with respect to your Article XXII Accruals will not be less than the lump sumamount that would have been payable as a Cash Out, as described above.

The following table summarizes the early commencement factors based on the Basic System BRFs, which can be appliedto your entire accrued benefit, including your Article XXII Accruals, and the early commencement factors based on theArticle XXII BRFs, which apply only to your Article XXII Accruals. The table can help you decide whether you shouldcommence your Article XXII Accruals under the early commencement provisions of the Basic System BRFs or the provisionsof the Article XXII BRFs.

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SUMMARY OF EARLY COMMENCEMENT PROVISIONSEarly Commencement Factors under

Basic System BRFsEarly Commencement Factors under

Article XXII BRFsThese Factors Can Apply to Your Entire Accrued Benefit

Under the Plan(These factors will apply to the Article XXII Accruals if

they are better than the factors under Article XXII)

These Factors Can apply only to Article XXII Accruals

ForTermination of

Employmentprior to age 55

For Termination of Employment ator after age 55

Participant who satisfies theRule of 75 (Benefit Service

plus Age at Commencement)at the Retirement Income

Commencement Date

Participant whodoes not satisfythe Rule of 75 atthe Retirement

IncomeCommencement

Date

Participant Age atRetirement

IncomeCommencement

Date

Participant with5 or more years

of VestingService

Participant withless than 10

years of Vestingservice

Participant withten or more

years of VestingService

Participantwith

5 but Lessthan 30 years

of BenefitService

Participantwith

30 or moreyears ofBenefitService

Participant with5 or more years of

Vesting Service

Column (1) (2) (3) (4) (5) (6) (7)65 100.00% 100.00% 100.00% 100 100 100.00%64 93.00 93.00 98.00 100 100 94.0563 86.00 86.00 96.00 100 100 88.4862 79.00 79.00 94.00 100 100 83.2461 72.00 72.00 92.00 100 100 78.2960 65.00 65.00 90.00 100 100 73.6159 59.00 59.00 88.00 98.5% 100 69.6158 53.00 53.00 86.00 97.0% 100 65.8557 47.00 47.00 84.00 95.5% 100 62.3656 41.00 41.00 82.00 94.0% 100 59.0855 35.00 35.00 80.00 92.5% 100 55.99

54* NA NA NA 54.4% 54.4% 53.0853* NA NA NA 50.8% 50.8% 50.3452* NA NA NA 47.2% 47.2% 47.7451* NA NA NA 43.6% 43.6% 45.2950* NA NA NA 41.2% 41.2% 42.9549* NA NA NA 38.8% 38.8% 40.7448* NA NA NA 36.4% 36.4% 38.6347* NA NA NA 34.0% 34.0% 36.6246* NA NA 31.6% 31.6% 34.70

* Factors for the Applicable LTC Period if not otherwise eligible to commence(factors in column (7) will change each year)

54 34.45% 53.08%50 24.66% 42.95%45 16.64% 32.86%40 11.47% 28.92%The factors in column (7), which apply to the Article XXII Accruals for a Participant who does not satisfy the Rule of 75 atcommencement, change from year to year, based on assumptions set by the IRS. The factors shown in this Table are for

commencement dates during 2021. These factors may be lower than the factors in columns (1) and (2) in years in which the IRSinterest rates are high.

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Disability Retirement BenefitsYour Article XXII Accruals will be subject to the following Disability Retirement provisions.

If you terminate employment with a Participating Company before age 65 on or after your Article XXII Entry Date andbefore October, 2019 because of total and permanent disability which qualifies you to receive Social Security disabilitybenefits, or which qualifies you to receive benefits from the LTD Plan, you will be eligible to defer commencement of yourArticle XXII Accruals until your Normal Retirement Date, and your Article XXII Accruals will be determined as if you hadbeen continuously employed by a Participating Company for the period from such cessation of employment to the earlierof the end of your disability or age 65. Your Article XXII Accruals will be determined based on your Earnings immediatelyprior to your period of disability. However, in lieu of deferring commencement of your pension until your NormalRetirement Date, you can elect to receive a pension earlier and computed as if you were not eligible for Social Securitydisability benefits, as discussed in the following paragraph.

If you become disabled between your Article XXII Entry Date and before October 1, 2019 and are not eligible for SocialSecurity disability benefits, but you are receiving benefits from the LTD Plan, you will be eligible for a disability pensionwith respect to your Article XXII Accruals if you have attained age 50 and have completed 20 years of Vesting Service. Yourbenefit is equal to the Article XXII Accruals you would receive commencing on your Normal Retirement Date, based onyour Earnings and years of Benefit Service as of your date of termination of employment, but without reduction forcommencement of your pension prior to your Normal Retirement Date. However, if you have at least five years of VestingService but have not attained age 50 and completed 20 years of Vesting Service, then you will be entitled, at your election,to either a disability annuity or a vested pension. The disability annuity will be equal to your Article XXII Accruals at NormalRetirement based on your Earnings and years of Benefit Service as of your date of termination of employment reduced by0.125% for each calendar month between the commencement of your disability annuity and the month following your60th birthday.

Optional Forms of PaymentBecause your entire pension is eligible for commencement under the Basic System BRFs, you are eligible to commencedistribution of your entire pension in any of the optional forms of payment that are described in Section 7. However, youmay also choose to commence distribution of your Article XXII Accruals under the Article XXII BRFs in an optional form ofpayment described below.

The following table summarizes the optional forms of payment under the Basic System BRFs, which are available for yourentire pension, and the optional forms of payment under the Article XXII BRFs, which are available only with respect toyour Article XXII Accruals. You may have to make separate elections with respect to the form of payment for your ArticleXXII Accruals and for the form of payment for the remainder of your accrued benefit under the Plan. The forms of paymentthat are available only with respect to your Article XXII Accruals are described following the table.

With respect to your Article XXII Accruals, if you are married on your Retirement Income Commencement Date, then thenormal form of benefit payable is the joint and 50% survivor annuity. You will receive monthly payments for life and onceyou are deceased, your surviving spouse will receive a monthly payment equal to 50% of your pension for the rest of hisor her life. With respect to your Article XXII Accruals, your payment will not be further reduced even though the joint and50% survivor annuity is payable for two lifetimes.

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Forms of Payment Available for Your Entire Accrued BenefitUnder the Plan (including your Article XXII Accruals)

Forms of Payment Available with Respect to Your Article XXIIAccruals

· Single Life Annuity· Automatic form for married Participant-J&50% Spouse

Annuity without pop-up, reduced for form of payment· Life Annuity with 10-year Certain· Optional Joint and Survivor Annuity without the pop-up

feature (permits continuation of any % to the survivor aselected by the Participant)

· Level Income Option –applies only to a single life annuityform of payment

· Lump Sum Payment Option available during your ApplicableLimited Termination Commencement Period

· Single Life Annuity· Automatic form for married Participant – J&50% Spousal

Annuity without pop-up feature, unreduced for form ofpayment

· Life Annuity with 12-year Certain· Optional Joint and 75% or 100% Spousal Annuity without the

Pop-Up Feature· Optional Joint and 75% or 100% Spousal Annuity with Pop-Up

Feature· Level Income Option – can be combined with other forms of

payment, such as 12-year Certain or Joint and Spousal Annuity· Cash-Out (lump sum) payment for Participants who do not

satisfy the Rule of 75 at Retirement Income CommencementDate

§ Life Annuity with 12-year Certain: This annuity provides you with a monthly pension of your Article XXII Accrualsfor your life with an extra guarantee. If you die before you have received 144 pension payments, payments willcontinue to your primary beneficiary until a combined total of 144 payments have been made to you and yourprimary beneficiary. If you die after you have received 144 payments, no further payments will be made to yourbeneficiaries or estate following your death. If you are married on your Retirement Income Commencement Date,your primary beneficiary must be your spouse.

When you elect this form of payment, you must designate a primary beneficiary and an alternate, or contingent,beneficiary(ies). Payment is made to your contingent beneficiary(ies) only if you and your primary beneficiary diebefore 144 payments have been made to you and your primary beneficiary. If your beneficiary is your survivingspouse, the surviving spouse will receive a surviving spouse’s benefit equal to 50% of the amount of the reduced12-year certain annuity, commencing on the later of the expiration of the 144 payments or your death.

If you are married, your spouse must provide written, notarized consent to this form of payment and to yourdesignation of contingent beneficiaries.

You may not elect this option if the benefit payments would be made beyond your life expectancy or over aperiod extending beyond your life expectancy and the life expectancy of your designated beneficiary, or ifpayments would fail to meet certain minimum distribution requirements under the Code.

· Optional Joint and Spouse annuity options with pop-up feature: Under this joint and survivor annuity optionalform of payment, you will receive a monthly pension of your Article XXII Accruals for your lifetime with 100% or75% of the monthly pension payment that you were receiving during your lifetime continuing to your spouse uponyour death, depending on whether you elect the 100% or the 75% survivor annuity. Because this form of paymentprovides the “pop-up” feature described in the following paragraph, your monthly benefit for the Article XXIIAccruals will be less than if you had selected a joint and 100% or 75% survivor annuity without the pop-up feature.The spouse eligible to receive benefits under this option is the spouse to whom you are married at the datepension payments began.

If your spouse dies before the first day of the first period in which your Article XXII Accruals are payable from thePlan, your benefit will revert to a single life annuity, unless you elect another form of payment. If your spouse dieson or after the first day of the first period in which an Article XXII Accrual is payable from the Plan, your monthlybenefit will increase (“pop-up”) to the amount that would have been paid to you before the reduction to reflect

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the 100% or 75% joint and survivor annuity form of payment. Upon your death after your spouse’s death, noadditional payments for your Article XXII Accruals will be payable following your death to your estate or to anyoneelse.

· Level-Income Option (with leveling permitted to full Social Security retirement age with respect to your ArticleXXII Accruals): Under this form of payment, you may elect an income leveling period to end on either the monthfollowing the date you reach age 62 (and are eligible for reduced Social Security benefits), or the month followingthe date you are eligible for unreduced Social Security benefits (that is, age 65, 66 or 67, depending on your yearof birth). This provides you with a larger monthly pension of your Article XXII Accruals before the age at which youchoose to level and then automatically reduces your monthly pension amount by your estimated Social Securitybenefit once you attain the age at which you choose to level – thus providing a consistent level of income basedon your Article XXII Accruals from your Retirement Income Commencement Date until your death.

This option may be elected together for your Article XXII Accruals with the single life annuity, the life annuity with12-year certain option or the joint and spouse annuity option, with or without pop-up. The election of the levelincome option does not affect the income payable to the surviving spouse (or the beneficiary in the case of the12-year certain and life option) following your death. If you are married and the benefit payment was being paidin the form of the joint and 50% spouse benefit together with the level income option, for example, the spousewill receive 50% of the benefit you would have received if you had not elected the level income option. For abenefit payable under the 12-year certain and life option, the monthly benefit payable if you die during the 144-month certain period does not include the increased benefit payable from the level income option.

In the event you elect to receive your pension under the level income option from another System Companydefined benefit plan, or with respect to the remainder of you accrued benefit under this Plan, with the sameRetirement Income Commencement Date and the same income leveling period end date as your pension underthe level income option from your Article XXII Accruals under this Plan, you may elect proration of your estimatedSocial Security benefits. If you make this election the amount of your estimated Social Security benefits used todetermine your pension amounts under each plan, including under the separate elections under this Plan, will beprorated in proportion to the pension payable by each of the affected System Company defined benefit plans,including with respect to the separate elections under this Plan. Making this election is important if you want alevel amount of income during your retirement. If you fail to make such an election, then the full estimatedSocial Security benefit amount will be used to reduce your payments from each plan or from the separatebenefits under this Plan once you attain age 62 or another leveling age that you elect, and your total pensionfrom Entergy plans would decrease at such age by double (or more) of your estimated Social Security amount.

Actuarial Assumptions for Optional Forms of Payment:Under the Internal Revenue Code, an optional form of payment BRF includes both the payment stream under the form ofpayment and the actuarial basis used to convert the amount payable as a single life annuity form to another form ofpayment. The actuarial assumptions that apply for this purpose under the Article XXII BRFs are different from the actuarialassumptions that apply for this purpose under the Basic System BRFs. Because your entire pension is eligible for theoptional forms of payment under the Basic System BRFs, if you elect a form of payment with respect to your Article XXIIAccruals that is available only under the Basic System BRFs or that is available under both the Basic System BRFs and theArticle XXII BRFs, your pension with respect to your Article XXII Accruals will be based on the actuarial basis that providesthe higher benefit for that form of payment. If you elect a form of payment for your Article XXII Accruals that is availableonly under the Article XXII BRFs, e.g., the Life Annuity with 12-year Certain Life annuity, the Joint and Spouse annuity withpop-up, and the Level-Income Option with levelling permitted to full Social Security retirement age, only the actuarialassumptions that apply for that form of payment under the Article XXII BRFs will be used to determine the benefit payablewith respect to your Article XXII Accruals.

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The actuarial assumptions used to convert the single life annuity to other available optional forms of payment under thePlan with respect to your Article XXII Accruals (other than a lump-sum optional form of payment or certain optional formsof payment that do not provide for level payments) will be determined in accordance with the adjustment factors for theArticle XXII BRFs set forth in Tables B through G of Article XXII of the Plan. The actuarial assumptions used to convert thesingle life annuity to other available optional forms of payment under the Basic System BRFs are set forth in tables inAppendix A of the Plan. As discussed above, with respect to an optional form of payment that is available under both theArticle XXII BRFs and the Basic System BRFs, the conversion of your Article XXII Accruals will be based on whichever set ofassumptions produces the higher annuity benefit with respect to your Article XXII Accruals.

Survivor BenefitsBecause your entire pension is eligible for the Survivor Benefits under the Basic System BRFs, your surviving spouse iseligible to commence distribution of the entire pre-retirement spouse’s death benefit as described in Section 8. However,your surviving spouse may choose to commence distribution of the pre-retirement spouse’s death benefit attributable toyour Article XXII Accruals under the Article XXII BRFs, as described below, if they produce a larger benefit than would bepayable under the Basic System BRFs, or allow an earlier commencement date.

Commencement Prior to Normal Retirement DateYour spouse will be eligible to receive the pre-retirement spouse’s death benefit prior to the date you would have attainedage 65. Your surviving spouse may be eligible to receive the benefit based on your Article XXII Accruals at an earlier datethan applies under the Basic System BRFs. Your spouse may choose a different commencement date for the portion ofthe pre-retirement spouse’s death benefit attributable to your Article XXII Accruals and the portion attributable to theremaining portion of your accrued benefit.

The following provisions apply only to the portion of your pre-retirement spouse’s death benefit attributable to your ArticleXXII Accruals.

Commencement Prior to Normal Retirement Date after Satisfying the Rule of 75If at the time of your death the sum of your age and Benefit Service equals or exceeds 75 and your surviving spouse prefers,he or she can elect to have the pre-retirement spouse’s death benefit attributable to your Article XXII Accruals paid on orafter the first day of the month following the date of your death or on the first day of any subsequent month. Your spouse’sbenefit will equal 50% of the amount you would have received if you:

§ Had left employment covered by the Plan on the earlier of your date of death or the date you actually left suchemployment,

§ Survived to the date as of which your spouse elects to commence the pre-retirement spouse’s death benefit, and

§ Commenced your Article XXII Accruals on the date as of which your spouse elects to commence the pre-retirement spouse’s death benefit, with a joint and 50% survivor annuity, and then immediately died.

Your spouse’s pension amount is based on Article XXII Accruals and other benefit determining factors as of the earlier ofyour date of death or your Article XXII End Date. The pre-retirement spouse’s death benefit will be reduced by thereduction factors that apply to Article XXII Accruals, as described in the “Early Commencement of your Article XXIIAccruals” section of this Section 10.

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Commencement Prior to Normal Retirement Date without Satisfying the Rule of 75If at the time of your death the sum of your age and Benefit Service does not equal or exceed 75 and your surviving spouseprefers, he or she can elect to have the pre-retirement spouse’s death benefit attributable to your Article XXII Accrualspaid on the first day of the month following your date of death or on the first day of any subsequent month. Your spouse’sbenefit will equal 50% of the Cash Out, the lump-sum benefit you would have received if you:

§ Had left employment covered by the provisions of the Plan on the earlier of your date of death or the date youactually left such employment, and

§ Commenced your Article XXII Accruals as a Cash Out on the date as of which your spouse elects to commence thepre-retirement spouse’s death benefit.

Your spouse’s pension amount is based on your Article XXII Accruals and other benefit determining factors as of the earlierof the date of your death or your Article XXII End Date. In lieu of the Cash Out benefit, your spouse may receive a monthlyannuity benefit equal to the actuarial equivalent of the Cash Out benefit. The actuarial equivalence factors used to convertthe Cash Out benefit to an annuity form of payment may change from year to year. Contact the EPRC for more informationregarding these factors.

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Section11:SpecialProvisionsforArticleXXIIIParticipants

The provisions described in this Section 11 apply to you only if you are one of the Participants named in Article XXIII of thePlan as part of a Compliance Statement issued by the IRS. An Article XXIII Participant is eligible for additional benefits,rights and features not otherwise available under the Plan. All Article XXIII Participants were previously notified of theirdesignation in the Plan as an Article XXIII Participant.

Benefits, rights and features (BRFs) include such things as optional forms of payment, actuarial assumptions used tocalculate benefits, Early Retirement eligibility criteria, Early Retirement reduction factors, and early commencement priorto Early Retirement eligibility. These special BRFs are referred to in this Summary Plan Description as “Article XXIII BRFs”because they are described in Article XXIII of the Plan. The BRFs that apply under the Plan to the remaining portion ofyour accrued benefit will be referred to in this Section 11 as “Basic System BRFs.”

These Article XXIII BRFs apply only to the increase in your accrued benefit under the Plan from January 1, 2011 throughDecember 31, 2017.

If you are an Article XXIII Participant, you will continue to participate in and accrue your pension benefit under the Plan’sbenefit accrual formula described in Section 6, provided you continue to satisfy the Plan’s eligibility requirements. Yourtotal accrued benefit commencing as a single life annuity at Normal Retirement will not be affected. However, additionalBRFs will be available with respect to the increase in your accrued benefit under the Plan from January 1, 2011 (or, if later,your Employment Commencement Date) through December 31, 2017; this increase in your accrued benefit is referred toas your “Article XXIII Accruals,” because the increase occurred during the period covered by Article XXIII of the Plan.

Normal Retirement Pension – Your Article XXIII AccrualsYour Normal Retirement pension is determined in the manner described in Section 6, “How Your Pension is Calculated”.Your Article XXIII Accruals can be viewed as a “carve out” of part of your Normal Retirement pension. Your Article XXIIIAccruals represent the portion of your Normal Retirement pension that you accrue beginning on your Article XXIII EntryDate, and ending on your Article XXIII End Date. Your Article XXIII Entry Date is the later of January 1, 2011 or yourEmployment Commencement Date. Your Article XXIII End Date is the earlier of December 31, 2017 or the date you are nolonger eligible to participate in the Plan (because of a transfer or your termination of employment).

If your Article XXIII Entry Date is your Employment Commencement Date, your Article XXIII Accruals are equal to the totalamount of your Normal Retirement pension under the Plan as of your Article XXIII End Date. If your Article XXIII EntryDate is January 1, 2011, your Article XXIII Accruals are determined by subtracting the Normal Retirement pension you hadaccrued under the Plan as of December 31, 2010 from the Normal Retirement pension you had earned under the Plan asof your Article XXIII End Date.

The following example shows how these provisions will apply to your benefit.

Example:Assume you began participation in the Plan on January 1, 2005. Your Article XXIII Entry Date is January 1, 2011. Your FinalAverage Monthly Earnings calculated as of December 31, 2010 were $5,000/month. Based on your six years of BenefitService on that date, the Normal Retirement Pension you had accrued as of December 31, 2010 (determined as if you hadterminated service from all System Companies on that date) was equal to

1.5% x ($5,000 x 6 years) = $450/month.

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Your Article XXIII End Date is December 31, 2017 (the earlier of December 31, 2017 or the date of your termination ofemployment from all System Companies). As of that date, you had 13 years of Benefit Service and your Final AverageMonthly Earnings were $8,000/mo. As of your Article XXIII End Date your accrued benefit (determined as if you hadterminated service from all System Companies on that date) was equal to:

1.5% x ($8,000 x 13 years) = $1,560/month.

Your Article XXIII Accruals are equal to the change in your accrued benefit from your Article XXIII Entry Date to your ArticleXXIII End Date. In this example, your Article XXIII Accruals are calculated as follows:

$1,560/month minus $450/month = $1,110/month.

If you continued in employment until December 31, 2025, at which time your total Benefit Service was 21 years, and yourFinal Average Monthly Earning were $12,000/month, your total Normal Retirement pension would be calculated asfollows:

1.5% x ($12,000 x 21 years) = $3,780/month.

Of your total Normal Retirement pension, $1,110/mo. is attributable to your Article XXIII Accruals, and is thus eligible forArticle XXIII BRFs or the Basic System BRFs, whichever is better. The remaining $2,670/month of your Normal Retirementpension is eligible only for the Basic System BRFs.

BRFs Applicable to Participant’s Accrued Benefit

ParticipationPeriod

Accrued Benefit forsuch Period

BRFS that apply to the AccruedBenefit for such Period

Prior toJanuary 1, 2011 $450/mo. Basic System BRFs

January 1, 2011through December 31,

2017 (Your ArticleXXIII Accruals)

$1,560 minus $450 =

$1,110/mo.

Article XXIII BRFs or BasicSystem BRFs (if available),

whichever is better

January 1, 2018through Termination at

December 31, 2025

$3,780 minus $1,560 =

$2,220

Basic System BRFs

Important Note: In certain circumstances, you may elect to commence your Article XXIII Accruals earlier than you elect tocommence the remainder of your Plan benefit, or in an optional form of payment that is not available as a Basic SystemBRF. If you elect to commence these different portions of your pension at different dates or under different optional formsof payment, you will need to make two separate elections.

Early Commencement of Your Article XXIII AccrualsBecause your entire pension is eligible for commencement under the Basic System BRFs, you are eligible to commencedistribution of your entire pension as an Early Retirement pension or as a Terminated Vested pension on the dates and in

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the amounts described in Section 6, or during your applicable LTC Period as described in Section 7. However you maychoose to commence distribution of your Article XXIII Accruals under the Article XXIII BRFs, as described below, if theyproduce a smaller retirement reduction factor than would apply under the Basic System BRFs or if they would allow anearlier Retirement Income Commencement Date.

Commencement of Your Early Retirement PensionIf you have completed five years of Vesting Service as of or after the date you attain age 55, or if you attained age 61 whileemployed by a System Company, regardless of your number of years of Vesting Service, you may elect to retire fromSystem Company employment at an Early Retirement Date. Your pension benefit with respect to your Article XXIII Accrualswill be calculated in the same way as your Normal Retirement pension but will be reduced for early payment if youcommence payment prior to age 62. The amount of the reduction will depend on your age on your Retirement IncomeCommencement Date and on whether the sum of your years of Vesting Service and age at your Retirement IncomeCommencement Date is 85 or more. The following table shows the percentage of your pension attributable to your ArticleXXIII Accruals you will receive if you elect early commencement (the percentages shown in the table will be prorated forpartial years of attained age).

Your Age When Payment ofYour Article XXIII Accruals

Begins

Your Attained Age Plus Yearsof Vesting Service When

Payment of Your Article XXIIIAccruals Begins

Less Than 85 85 or More65 100% 100%64 100% 100%63 100% 100%62 100% 100%61 96% 96%60 70% 90%59 67% 85%58 64% 80%57 61% 75%56 58% 70%55 55% 65%

The reduction factor that applies to your Early Retirement pension under the Article XXIII BRFs will provide a higher EarlyRetirement benefit for your Article XXIII Accruals for commencement at age 61 or later. If you commence your ArticleXXIII Accruals as an Early Retirement pension prior to age 61, the Basic System BRFs will provide a higher benefit.

Commencement of Your Terminated Vested PensionIf you terminate System Company employment before you are eligible for Early Retirement, you will still be eligible toreceive a benefit based on your Article XXIII Accruals if you are vested. You are vested in your Article XXIII Accruals underthe Article XXIII BRFs if you have completed five years of Vesting Service or have attained age 61 while employed by aSystem Company, regardless of the number of years of Vesting Service. You may begin receiving your Terminated Vestedpension based on your Article XXIII Accruals as early as the first day of the month following the date you attain age 55, butif you choose early commencement, your monthly benefit payment under the Article XXIII BRFs will be reduced by 1/12 of6% for each of the first 60 complete months and by 1/12 of 3% for each of the next 60 complete months by which your

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Retirement Income Commencement Date precedes the first day of the month following your 65th birthday. The reductionfactor that applies to your Terminated Vested pension under the Article XXIII BRFs will always be smaller than thereduction that would be applied under the Basic System BRFs.

Commencement during the Applicable LTC PeriodIf you commence distribution of your Article XXIII Accruals during your Applicable LTC Period, the actuarial assumptionsused to calculate the amount of the lump sum payment are the same under the Basic System BRFs and the Article XXIIIBRFs.

If you are age 55 or older at the time of your commencement, the annuity benefit with respect to your Article XXIII Accrualswill be based on the early commencement factors described above for an Early Retirement pension or a TerminatedVested pension. If you are under age 55 at the time of commencement during your Applicable LTC Period, the actuarialassumptions used to determine your immediate annuity benefit under the Article XXIII BRFs are generally more favorable,and produce a higher annuity benefit, than the assumptions under the Basic System BRFs.

Example:The following calculation shows how the Early Retirement pension will be calculated for the Participant described in theexample above, for commencement at age 62:

§ The early retirement factor under the Basic System BRFs is 94%. The early retirement factor under the Article XXIIIBRFs is 100%.

§ The Participant’s Early Retirement pension commencing at age 62 is calculated as follows:.94 x ($450) + 1.00 x ($1,110) + .94 x ($2,220) = $3,619.80.

Deferred Commencement of Your Article XXIII AccrualsIf you elect to defer commencement of your Article XXIII Accruals to a date later than the first day of the month followingyour Normal Retirement Date, your benefit will be actuarially increased, but no retroactive Retirement IncomeCommencement Date will be permitted. The actuarial assumptions used for this purpose under the Article XXIII BRFs aredifferent than the actuarial assumptions used for this purpose under the Basic System BRFs. Because your entire pensionis eligible for commencement under the Basic System BRFs, your Article XXIII Accruals will be adjusted based on whicheverassumptions produce the higher benefit. In general, the Basic System BRFs will produce the higher benefit.

Optional Forms of PaymentBecause your entire pension is eligible for commencement under the Basic System BRFs, you are eligible to commencedistribution of your entire pension in any of the optional forms of payment that are described in Section 7 of this SummaryPlan Description. However, you may also choose to commence distribution of your Article XXIII Accruals under the ArticleXXIII BRFs in an optional form of payment described below.

The following table summarizes the optional forms of payment under the Basic System BRFs, which are available for yourentire pension, and the optional forms of payment under the Article XXIII BRFs, which are available only with respect toyour Article XXIII Accruals. You may have to make separate elections with respect to the form of payment for your ArticleXXIII Accruals and for the form of payment for the remainder of your accrued benefit under the Plan. The forms of paymentthat are available only with respect to your Article XXIII Accruals are described following the table.

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Forms of Payment Available for Your Entire AccruedBenefit Under the Plan (including your Article XXIII

Accruals)

Forms of Payment Available with Respect to Your ArticleXXIII Accruals

· Single Life Annuity· Automatic form for married Participant-J&50% Spouse

Annuity without pop-up

· Life Annuity with 10-year Certain

· Optional Joint and Survivor Annuity without the pop-upfeature (permits continuation of any % to survivor aselected by the Participant)

· Level Income Option· Lump Sum Payment Option available during your

Applicable Limited Termination Commencement Period

· Single Life Annuity· Automatic form for married Participant-J&50% Survivor

Annuity without pop-up -only available when the jointannuitant is the spouse; the QOSA is the J&75%Survivor Annuity with pop-up

· Life Annuity with 10-year Certain· Optional Joint and Survivor Annuity with the pop-up

feature (permits continuation of 50%, 66 2/3 %, 75% or100% as elected by the Participant) – allows a JointAnnuitant other than the Participant’s Spouse

· Level Income Option· Lump Sum Payment Option available during your

Applicable Limited Termination Commencement Period

Joint and survivor annuity options with pop-up feature: Under this option, you receive a monthly pension of your ArticleXXIII Accruals for your lifetime, and after your death your joint annuitant will receive a monthly payment equal to apercentage of the pension you were receiving for the rest of his or her life. Because this form of payment is designed toprovide a benefit for both you and your joint annuitant, your monthly benefit for the Article XXIII Accruals will be less thanif you had selected a single life annuity. You must choose your joint annuitant and the percentage of your pension thatyou want your joint annuitant to receive after your death (for example, 50%, 66 2/3%, 75% or 100%). If your joint annuitantis not your spouse, then the percentage the joint annuitant may receive after your death may be limited by law. If you aremarried, your spouse must provide written, notarized consent to your election of another joint annuitant, as well as toyour election of an optional form of payment that provides a survivor benefit to your spouse that is less than 50% of thepension payment you were receiving before your death.

Important information regarding the level income option: In the event you elect to receive your pension under the levelincome option from another System Company defined benefit plan, or with respect to the remainder of you accruedbenefit under this Plan, with the same Retirement Income Commencement Date as your pension under the level incomeoption from your Article XXIII Accruals under this Plan, you may elect proration of your estimated Social Security benefits.If you make this election the amount of your estimated Social Security benefits used to determine your pension amountsunder each plan, including under the separate elections under this Plan, will be prorated in proportion to the pensionpayable by each of the affected System Company defined benefit plans, including with respect to the separate electionsunder this Plan. Making this election is important if you want a level amount of income during your retirement. If youfail to make such an election, then the full estimated Social Security benefit amount will be used to reduce your paymentsfrom each plan or from the separate benefits under this Plan once you attain age 62, and your total pension from Entergyplans would decrease at age 62 by double (or more) of your estimated Social Security amount.

Actuarial Assumptions for Optional Forms of PaymentUnder the Internal Revenue Code, an optional form of payment BRF includes both the payment stream under the form ofpayment and the actuarial basis used to convert the amount payable as a single life annuity form to another form ofpayment. The actuarial assumptions that apply for this purpose under the Article XXIII BRFs are different from the actuarialassumptions that apply for this purpose under the Basic System BRFs. Because your entire pension is eligible for theoptional forms of payment under the Basic System BRFs, if you elect a form of payment with respect to your Article XXIIIAccruals that is available only under the Basic System BRFs or that is available under both the Basic System BRFs and the

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Article XXIII BRFs, your pension with respect to your Article XXIII Accruals will be based on the actuarial basis that providesthe higher benefit for that form of payment. If you elect a form of payment for your Article XXIII Accruals that is availableonly under the Article XXIII BRFs, e.g., the joint and survivor annuity options with the pop-up feature, only the actuarialassumptions that apply for that form of payment under the Article XXIII BRFs will be used to determine the benefit payablewith respect to your Article XXIII Accruals.

The actuarial assumptions used to convert the single life annuity to other available optional forms of payment under thePlan with respect to your Article XXIII Accruals (other than a lump-sum optional form of payment or certain optional formsof payment that do not provide for level payments) under the Article XXIII BRFs are different from the actuarialassumptions used to convert the single life annuity to other available optional forms of payment under the Basic SystemBRFs. As discussed above, with respect to an optional form of payment that is available under both the Article XXIII BRFsand the Basic System BRFs, the conversion of your Article XXIII Accruals will be based on whichever set of assumptionsproduces the higher annuity benefit with respect to your Article XXIII Accruals.

Survivor BenefitsBecause your entire pension is eligible for the Survivor Benefits under the Basic System BRFs, your surviving spouse iseligible to commence distribution of the entire pre-retirement spouse’s death benefit as described in Section 8. However,your surviving spouse may choose to commence distribution of the pre-retirement spouse’s death benefit attributable toyour Article XXIII Accruals under the Article XXIII BRFs if they produce a larger benefit than would be payable under theBasic System BRFs.

Under the Article XXIII BRFs, if your surviving spouse commences distribution of the pre-retirement spouse’s death benefitattributable to your Article XXIII Accruals on or after the first day of the month following the date you would have attainedage 55 and prior to your Normal Retirement Date, the reduction to the Article XXIII Accruals will be based on the reductionfactors that apply for Early Retirement, even if you die prior to your eligibility for Early Retirement. Under the Basic SystemBRFs, the reduction would be based on the reductions for early commencement that apply to a Terminated Vested pensionif you had five but less than ten years of Vesting Service at the time of your death.

If your spouse commences the pre-retirement spouse’s death benefit during the Applicable LTC Period, the actuarialassumptions used to calculate the amount of the lump sum payment is the same under the Basic System BRFs and theArticle XXIII BRFs. However, different actuarial assumptions will be used to determine the amount of the single life annuitythat is payable to your spouse for commencement prior to age 55. The actuarial assumptions used to calculate theimmediate single life annuity under the Article XXIII BRFs generally produce a higher monthly annuity benefit than theassumptions under the System BRFs. If the Article XXIII BRFs produce the higher annuity benefit, those assumptions willapply with respect to the portion of the spouse’s benefit based on your Article XXIII Accruals.

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Section12:ClaimsforBenefitsA “claim for benefits” is a request for a Plan benefit or benefits made by you or your survivor (or an authorizedrepresentative) according to the procedures described in this section. A claim does not include a mere casual inquiryabout the benefit, or the circumstances under which benefits might be paid under the terms of the Plan.

Requesting BenefitsWhen you terminate or retire from the Company and want to receive your benefits from the Plan, or if your survivor wantsto begin receiving benefits following your death, you or your survivor must initiate the commencement process for Planbenefits following the procedures outlined in the “How to Commence Your Pension” section on page 23.

If you are denied benefits or there are any issues related to your Plan benefits (for example, how your current benefit ora future benefit is calculated), you must submit a Claim Initiation Form for Entergy Corporation Retirement Plans. You canrequest this form by calling the EPRC.

For all plans covered by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the law allows areasonable length of time for your claim to be evaluated and processed. As described below, the timeline for claims forbenefits that require the Claims Administrator or the Claims Appeal Administrator to exercise its discretion to make adisability determination (referred to herein as a “Disability Claim”) is different from the timeline for other claims underthe Plan (sometimes referred to herein as a “Non-Disability Claim”).

If a Request Is Denied – Non-Disability ClaimsThe Claims Administrator will review your claim and make its determination within 90 days. If your claim for Plan benefitsis denied, in whole or in part, you will receive a written notice of the denial within 90 days. If necessary, the ClaimsAdministrator may notify you that another 90 days will be needed to respond to your claim. If you do not receive aresponse to your claim within this time limit, your claim is considered denied and you can begin your appeal.

If you are denied a claim for benefits, you will receive, in writing:

· An explanation of the specific reason(s) for the denial,

· Specific references to pertinent Plan provisions on which the denial is based,

· A description of any additional material or information necessary for you to properly establish the claimand an explanation of why such material or information is necessary, and

· A description of the Plan’s review procedures and the time limits applicable to such procedures, includinga statement of your right to bring a civil action under Section 502(a) of ERISA following an adverse benefitdetermination on review.

You, or any person you choose to represent you, may ask the Claims Appeal Administrator for a review of your deniedclaim. You may do so within 60 days after you receive a denial notice.

Your request for review of your denied claim must be submitted in writing and should include issues, comments, andreasons you think your claim should not have been denied. You may also request in writing that a copy of the Plandocument and other Plan materials concerning your claim be made available for your review. The review process doesnot permit you, your beneficiary, or authorized representative to appear before, or meet with, the Claims AppealAdministrator.

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Appeals should be sent to the address at the end of this section.

Normally, you will receive written notice of the final review decision within 60 days after the Claims Appeal Administratorreceives your request for review. Sometimes, another 60 days may be needed. If an extension for processing is needed,you will receive written notice of this extension as required by law. If your appeal is denied in whole or in part, the ClaimsAppeal Administrator will provide you its denial in writing, containing the following information:



· A statement that you are entitled to receive, upon request and free of charge, reasonable access to, andcopies of, all documents, records, and other information relevant to your claim for benefits, and

· A statement of your right to bring a civil action under Section 502(a) of ERISA and an explanation of thelimitation period applicable to your right to institute any action or proceeding in any state or federalcourt of law or equity, or before any administrative tribunal or arbitrator.

Additional Procedures for Disability ClaimsThe rules and procedures regarding disability claims are somewhat different than the rules described above. A DisabilityClaim is a claim that requires the Claims Administrator or Claims Appeal Administrator to exercise its discretion to make adetermination of disability. However, if a provision of the Plan requires the Claims Administrator or Claims AppealAdministrator to rely on a disability determination made by the Social Security Administration or by the claimsadministrator, claims appeal administrator or insurer for the Entergy Corporation Companies’ Benefits Plus Long TermDisability Plan or other long term disability plan sponsored by a Participating Company or in which a Participating Companyparticipates, then the Special Timing Rules for Disability Claims described below do not apply. Instead, the proceduresdescribed above for Non-Disability Claims apply.

Special Timing Rules for Disability ClaimsThe following special timing and procedural rules apply to a Disability Claim:

· The 90-day period in which the Claims Administrator will decide your initial claim will be shortened to 45days. This 45-day period may be extended by 30 days if the Plan Administrator determines the extension isnecessary due to circumstances outside the Plan’s control, provided that you are notified about the need foran extension before the end of the 45-day period and the date by which the Claims Administrator expects torender a decision. If before the end of the 30-day extension period, the Claims Administrator determinesthat additional time is necessary due to circumstances outside the Plan’s control, the period may be extendedfor a second 30-day period. Before the expiration of the initial 30-day extension period, you will be notifiedof the additional 30-day extension, the circumstances for the extension, the unresolved issues, anyadditional information needed to resolve those issues, and the date by which the Claims Administratorexpects to render a decision. You will have 45 days to supply any requested information. Such notice willserve as an adverse benefit determination if you do not provide the requested information within theprescribed period.

· If your claim is partially or fully denied, you will have 180 days, rather than 60 days, after you receive writtennotice that your claim has been denied to appeal your claim.

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· The Claim Appeal Administrator’s decision on your disability appeal must be made within 45 days afterreceiving your appeal. If special circumstances require extra time, the deadline for deciding the appeal canbe extended for 45 days (90 days total), provided you are given notice within the initial 45-day period,indicating the circumstances requiring an extension of time and the date by which the Claims AppealAdministrator expects to render a decision on your appeal.

· In deciding your appeal, no deference will be afforded to the initial unfavorable benefit determination. If theappeal is based in whole or in part on a medical judgment, an impartial health care professional with relevanttraining and experience who was not involved in your initial claim will be consulted. Upon request, the healthcare professional will be identified to you.

Denial of Disability ClaimIf the Claims Administrator denies your claim, the written notice of the denial that you receive (which will be written in aculturally and linguistically appropriate manner) will include the following:



· A description of any additional material or information necessary for you to properly establish the claim andan explanation of why such material or information is necessary,

· A description of the Plan’s review procedures and the time limits applicable to such procedures, including astatement of your right to bring a civil action under Section 502(a) of ERISA following an adverse benefitdetermination on review,

· A discussion of the decision, including an explanation of the basis for disagreeing with or not following:

• the views presented by the health care professionals treating you and vocational professionals whoevaluated you;

• the views of the medical or vocational experts obtained by the plan in connection with the initialclaim denial without regard to whether the advice that was obtained was relied upon by the Plan;and

• any disability determination made by the Social Security Administration (provided you made the Planaware of such determination).

· A copy of any specific rules, guidelines, protocols, standards, or criteria that were relied on in denying theclaim or a statement that the rules, guidelines, protocols, standards, or criteria do not exist,

· If the Plan’s adverse determination is based on a medical necessity, experimental treatment or other similarexclusion or limit, the Plan will provide free of charge, upon your request, an explanation of the scientific orclinical judgment for the determination made by the Plan, applying the terms of the Plan to your medicalcircumstances, or a statement that such explanation is available upon request, free of charge,

· A statement that upon your request, you are entitled to receive free of charge, reasonable access to andcopies of all documents, records, and other information relevant to your claim for benefits.

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Appeal Following Denial of Disability ClaimIf your Disability Claim is initially denied by the Plan, you are permitted to appeal this decision within 180 days, as describedin the subsection above, “Special Timing Rules for Disability Claims.” Following this type of appeal, you are entitled toreceive, free of charge and before any adverse benefit determination is made on your appeal, a description of any new oradditional evidence considered, relied upon, or generated by the Plan, insurer, or other person making the adverse benefitdetermination upon your appeal of a denied claim. Such evidence must be provided as soon as possible and sufficiently inadvance of the date upon which the notice of adverse determination is required to be provided to you under the timingrules for Disability Claims described above in order to give you a reasonable opportunity to respond to such rationale inadvance of that date.

If your appeal is denied in whole or part, the Claims Appeal Administrator will provide you its denial in writing, containingthe following information:



· A discussion of the decision, including an explanation of the basis for disagreeing with or not following:

• the views presented by the health care professionals treating you and vocational professionals whoevaluated you;

• the views of the medical or vocational experts obtained by the Plan in connection with the initialclaim denial without regard to whether the advice that was obtained was relied upon by the Plan;and

• any disability determination made by the Social Security Administration (provided you made the Planaware of such determination),

· A copy of any specific rules, guidelines, protocols, standards, or criteria that were relied on in denying theclaim or a statement that such rules, guidelines, protocols, standards, or criteria do not exist,

· If the Plan’s adverse determination is based on a medical necessity, experimental treatment or other similarexclusion or limit, a statement that the Plan will provide free of charge, upon your request, an explanation ofthe scientific or clinical judgment made by the Plan, applying the terms of the Plan to your medicalcircumstances, or a statement that such explanation is available upon request, free of charge,

· A statement that upon your request, you are entitled to receive free of charge, reasonable access to andcopies of all documents, records, and other information relevant to your claim for benefits, and

· A statement of your right to bring a civil action under Section 502(a) of ERISA and an explanation of thelimitation period applicable to your right to institute any action or proceeding in any state or federal court oflaw or equity, or before any administrative tribunal or arbitrator.

Final Authority of Claims Appeal AdministratorThe Claims Appeal Administrator, or its delegate, shall have full discretionary authority and power to determine eligibilityfor Plan benefits, to interpret and construe the terms and provisions of the Plan, including doubtful or ambiguous terms,

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to determine questions of fact and law, to direct disbursements, and to adopt rules for the administration of the Plan, asit may deem appropriate in accordance with the terms of the Plan and all applicable laws. The decision of the ClaimsAppeal Administrator, or its delegate, regarding any claim shall be final and binding on all parties.

Mailing Address for All Claims and AppealsClaims and appeals should be sent by mail or Fax to:

Mail

Entergy Benefits Committeec/o Claims and Appeals ManagementDept 03207PO Box 1407Lincolnshire, IL 60069-1407

Toll-Free Number: 1-855-523-3772

Fax: 1-847-554-1441

TDD: Participant/caller contacts local telephone service carrier who will contact the EPRC to assist with communication

Website: http://digital.alight.com/entergy

Importance of Exhausting Administrative RemediesNo lawsuit may be brought with respect to Plan benefits until all administrative claim and appeal procedures under thePlan have been exhausted.

Failure to file a claim and an appeal in the manner and within the time limits described above will be considered a failureto exhaust your administrative remedies and will constitute a waiver of the rights or benefits sought to be establishedunder the Plan. You must raise all issues and present all theories relating to your claim during the Claim and Appealprocess. You will be deemed to have abandoned all issues and theories not raised and presented during the Claim andAppeal process.

Time to File SuitIn order to institute any action or proceeding in any state or federal court of law or equity, or before any administrativetribunal or arbitrator, you must initiate such action or proceeding within one (1) year from the later of:

(i) the earlier of

(a) the date of the adverse appeal notification from the Claims Appeal Administrator, or

(b) 120 days (90 days for a Disability Claim) from the date the appeal is received by the Claims AppealAdministrator; and

(ii) the end of the 60 days (180 days for a Disability Claim) in which you have to appeal an adverse benefitdetermination, as described above.

In addition, you must exhaust all administrative claim and appeal procedures under the Plan set forth above prior toinstituting any action or proceeding in any state or federal court of law or equity, or before any administrative tribunal orarbitrator, for a claim for benefits under the Plan.

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Section13:PlanInsuranceThe Pension Benefit Guaranty Corporation (PBGC), a federal insurance agency, insures your benefits under the Plan. If thePlan terminates (ends) without enough money to pay all benefits, the PBGC will step in to pay retirement benefits. Mostpeople receive all of the retirement benefits they would have received under their Plan, but some people may lose certainbenefits.

The PBGC guarantee generally covers:

§ Normal and early retirement benefits,

§ Disability benefits if you become disabled before the Plan terminates, and

§ Certain benefits for your survivors.

The PBGC guarantee generally does not cover:

§ Benefits greater than the maximum guaranteed amount set by law for the year in which the Plan terminates,

§ Some or all of the benefit increases and new benefits based on Plan provisions that have been in place forfewer than five years at the time the Plan terminates,

§ Benefits that are not vested because you have not worked long enough for a System Company,

§ Benefits for which you have not met all of the requirements at the time the Plan terminates,

§ Early retirement payments that are greater than payments at the Plan’s normal retirement age, such as asupplemental benefit that stops when you become eligible for Social Security.

§ Non-pension benefits, such as health insurance, life insurance, certain death benefits, vacation pay andseverance pay, and

§ Lump sum payments in excess of $5,000.

Even if certain portions of your benefits are not guaranteed, you may still receive some of those benefits from the PBGCdepending on how much money your Plan has and how much the PBGC collects from employers.

For more information about the PBGC and the benefits it guarantees, ask your Plan Administrator or the PBGC. Inquiriesto the PBGC should be addressed to:

PBGCTechnical Assistance Division1200 K Street, N.W., Suite 930Washington, D.C. 20005-4026

The PBGC can also be reached by calling 1-800-400-7242. TTY/TDD users may call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to 1-800-400-7242. Additional information about the PBGC’s pension insuranceprogram is available through the PBGC’s website on the internet at www.pbgc.gov.

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Section14:LossofBenefitsThere are certain circumstances that may lead to a loss of part or all of your pension. These include the following:

§ If your employment ends with a System Company for any reason (including death) before you participate inthe Plan, you or your beneficiary are not entitled to any benefits.

§ If you terminate employment with all System Companies before you are fully vested, you will forfeit the non-vested part of your pension.

§ If you continue to work after your normal retirement age, or if you return to service with a System Companyafter distribution of your pension has begun, your pension benefits may be affected. See “Suspension ofBenefits” beginning on page 15.

§ If the Plan ends or you cease covered employment under the Plan, you stop accruing benefits under the Plan.

§ Certain limits set by the IRS may reduce, eliminate or otherwise affect your pension. These limits may affectyour Earnings used in calculating your pension and may affect your maximum pension amount.

§ If you are eligible to commence your pension under the LTC Period provision, you will lose the right tocommence your pension prior to age 55 and the right to elect the lump sum form of payment if you do notcommence your pension before the end of your Applicable LTC Period.

§ Lump sums, payments under the level income option, and benefit accruals may be restricted under IRS rules ifthe Plan is significantly underfunded.

§ Generally, your pension may not be assigned, sold, transferred, garnished or pledged as collateral. However,your pension may be attached to satisfy a federal tax levy or a qualified domestic relations order (a “QDRO”).

A QDRO is a court order, judgment or decree that:

- Is made under a state domestic relations law (including community property laws),

- Relates to child support, alimony payments or marital property rights, and

- Creates or recognizes an alternate payee’s right to receive all or part of your vested benefits under thePlan.

If you are affected by a QDRO, you or your attorney should contact the EPRC at the address below to make sure theappropriate paperwork is filed.

Mail

Entergy Qualified Order TeamP. O. Box 7144Rantoul, IL 61866-7144


Fax: 1-847-883-9313

TDD: Participant/caller contacts local telephone service carrier who will contact the EPRC to assist withcommunication.


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If the QDRO so provides, your pension under the Plan as of a specific date may be divided. In this instance, the alternatepayee may be set up with a separate pension in the Plan. The alternate payee will then be able to elect to begin receivingpension benefits, but no sooner than the date on which you would be able to start receiving pension benefits under thePlan. However, if you have not terminated employment from all System Companies prior to January 1, 2018, your formerspouse who is an alternate payee under a QDRO will be eligible to start receiving pension benefits at an earlier date, duringthe Applicable LTC Period that applies to your former spouse. See “Limited Termination Commencement Period” inSection 7 for information regarding the Applicable LTC Period for an alternate payee.

QDROs that do not specify immediate allocation of pension benefits at the date of divorce usually include a formula forallocating pension benefits when you either leave System Company employment or reach your Normal Retirement Date.If this is the case, your account will be flagged to indicate that a portion of the total pension earned will be paid at a laterdate to your alternate payee.

You and your beneficiaries can obtain, at no charge, a copy of the Plan’s procedures governing QDROs. Contact the EPRCfor details.

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Section15:OtherProvisions

Post-Retirement Medical BenefitsEffective January 1, 2005, a separate account, known as the Medical Benefit Account, was established under the Planpursuant to Code Section 401(h). This account funds, in part, the post-retirement medical benefits which are payablethrough the Entergy Corporation Companies’ Benefits Plus Medical Plan for covered retirees and their covereddependents. These post-retirement medical benefits are described in the Summary Plan Description for the EntergyCorporation Companies’ Benefits Plus Medical Plan.

Plan Amendment or TerminationThe Plan Sponsor hopes to continue the Plan indefinitely, but reserves the right to amend or terminate the Plan at anytime by action of the Plan Sponsor’s Board of Directors or an authorized designee. Also, a Participating Company maywithdraw from participation in the Plan at any time. If the Plan is terminated, benefits will be paid in accordance with therequirements of the Pension Benefit Guarantee Corporation (PBGC) and to the extent provided by the Trust Fund. If thePlan is fully or partially terminated, affected Participants will become fully vested in their accrued benefits at that time (ifnot otherwise vested), to the extent funded, and benefits will be allocated and paid in accordance with the requirementsof the Code and ERISA. No money in the Trust Fund can be returned to a Participating Company until all benefit obligationsare met.

Assignment of BenefitsFor your protection, you cannot assign your benefits from the Plan over to anyone else. To the extent allowed by law, yourbenefit cannot be seized to pay your debts; however, a valid qualified domestic relations order (QDRO) can affect yourbenefits. A QDRO is usually entered in a divorce case, and relates to child support, alimony and other marital rights. Undera QDRO, your spouse, former spouse, child or other dependent may have a right to receive all or a portion of your benefitsunder the Plan. See Section 14 for additional details.

In addition, your benefits may be offset by any amount that you are required to pay to the Plan pursuant to a judgment,order, decree, or settlement relating to certain crimes, or actual or alleged breaches of fiduciary responsibility, involvingthe Plan.

Employment RightsNothing contained in the Plan shall be construed as a contract of employment between a Participating Company and you,nor shall the Plan be deemed to give you the right to be retained in the employ of a System Company, or limit the right ofa System Company to employ, discharge or discipline you.

Guarantees under the PlanAll benefits provided under the Plan will be paid solely from the assets of the Trust. Except to the extent provided by law,nothing in the Plan or in the Trust will constitute a guarantee by the Plan Sponsor, a Participating Company or any otherSystem Company that the assets of the Trust will be sufficient to pay any benefit to any person. Nothing in the Plan shallgive you or your beneficiary an interest in any specific part of the assets of the Trust or any other interest except the rightto receive benefits out of the assets of the Trust in accordance with the provisions of the Plan and Trust.

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Mergers, Consolidations or TransfersIf this Plan is merged or consolidated with another plan or the assets and liabilities attributable to your accrued benefitare transferred to another plan, your benefit in the surviving plan will be equal to at least the amount to which you wouldbe entitled if this Plan had been terminated just before the change.

Maximum Retirement BenefitsThe Code limits the benefits payable and the earnings that may be considered under defined benefit plans.

Top-Heavy ProvisionsFederal law requires the Plan to contain provisions that apply in the event a significant portion of Plan benefits is payableto certain key employees. These provisions – called top-heavy provisions – provide for more rapid vesting of Plan benefits(100% vesting after three years of service) and certain minimum benefit accruals in the event the Plan becomes top-heavy.The Plan presently is not top-heavy, and it is very unlikely that it will ever become top-heavy. Therefore, the top-heavyrules probably will not affect your benefit under the Plan. However, if the Plan at any time becomes top-heavy and youare affected, you will be notified.

Right to Recover Excess PaymentsThe Plan Administrator is responsible for correcting and recovering any payments made in error which exceed the amountdue under the terms of the Plan, regardless of the cause of the overpayment. To recover the overpayment from you oryour beneficiary, the Plan Administrator may instruct the Trustee to reduce further payments partially or entirely until thetotal amount of excess payments, plus interest as defined by the Plan, is recovered. Alternatively, the Plan Administratormay demand that you or your beneficiary reimburse the Plan for the total amount of overpayment, plus interest as definedby the Plan, in a single lump sum.

Duty to Furnish Information and DocumentsYou and your beneficiary must furnish to the Plan Administrator and the Trustee such information as the PlanAdministrator considers necessary for the purpose of administering the Plan. Anyone claiming any interest under the Planmust perform any and all acts and execute any and all documents and papers necessary for carrying out the Plan. You andyour beneficiary are responsible for keeping the Plan Administrator informed of your current address and other contactinformation and for timely notifying the Plan Administrator if you have a change of address.

Plan Cost and Trust FundThe Participating Companies pay the full cost of the Plan. They make contributions which are actuarially determined. Thecontributions are kept in a Trust Fund held by JP Morgan Chase Bank, N. A., the Trustee of the Plan.

Certain administrative expenses relating to the Plan are paid from the Trust Fund.

The Participating Companies have no right to, or interest in, the contributions made to the Plan, other than as providedunder the Plan in the event of Plan termination. However, if a contribution is made by a mistake of fact, the contributionmay be returned within one year after payment of the contribution. In addition, to the extent that part or all of acontribution is disallowed as a deduction under Code Section 404, it may be returned within one year after thedisallowance.

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Plan Sponsor and Plan AdministratorThe Plan is a defined benefit plan sponsored by Entergy Corporation. The Plan is administered by the Employee BenefitsCommittee. The Chair of the Employee Benefits Committee is appointed by the Personnel Committee of the Board. TheChair of the Employee Benefits Committee appoints members to the Committee. Committee members are notcompensated from the Plan for their service.

The Employee Benefits Committee may allocate or delegate its responsibilities for the administration of the Plan to othersand employ others to carry out or render advice with respect to its responsibilities under the Plan, including discretionaryauthority to interpret and construe the terms of the Plan, to direct disbursements, and to determine eligibility for Planbenefits.

Administration AgentThe Employee Benefits Committee has contracted with Alight Solutions LLC (“Alight”) to serve as its agent for planadministration. Questions about the Plan should be directed to Alight, through its Entergy Pension Resource Center. Theaddress is:

Mail

Entergy Pension Resource Center (EPRC)Dept 03207PO Box 64117The Woodlands TX 77387-4117

Overnight Mail

Entergy Pension Resource Center (EPRC)Dept 032078770 New Trails DriveThe Woodlands TX 77381


Fax: 1-847-554-1792

TDD: Participant/caller contacts local telephone service carrier who will contact the EPRC to assist with communication


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Section16:ERlSARights

ERISA RightsAs a Participant of this Plan, you have certain rights and are entitled to certain protections under the Employee RetirementIncome Security Act of 1974 (ERISA). ERISA provides that all Plan Participants shall be entitled to:

Receive Information about Your Plan and Benefits§ Examine, without charge, at the Plan Administrator’s office and at other specified locations, such as worksites

and union halls, all documents governing the Plan, including the insurance contracts, collective bargainingagreements, and a copy of the latest annual report (Form 5500 Series) filed by the Plan with the U.S.Department of Labor and available at the Public Disclosure Room of the Employee Benefits SecurityAdministration.

§ Obtain copies of documents governing the operation of the Plan, including insurance contracts and collectivebargaining agreements, copies of the latest annual report (Form 5500 Series) and updated Summary PlanDescription upon written request to the Entergy Pension Resource Center. The Entergy Pension ResourceCenter may make a reasonable charge for the copies.

§ Receive a copy of the Plan’s Annual Funding Notice, which the Plan Administrator is required by law to furnishto each Participant annually.

§ Upon request, obtain a statement once during any 12 month period free of charge telling you whether youhave a right to receive a pension at normal retirement age (age 65) and, if so, what your pension would be atnormal retirement age if you stop working under the Plan now. If you do not have a vested right to a pension,the statement will tell you how many more years you have to work to get a vested right to a pension. The PlanAdministrator must either automatically provide this statement to you once every three years, or,alternatively, notify you each year that you have the right to make a written request for such a statementonce in any twelve-month period.

Prudent Actions by Plan FiduciariesIn addition to creating rights for Plan Participants, ERISA imposes duties upon the people who are responsible for theoperation of the Plan. The people who operate the Plan, called “fiduciaries” of the Plan, have a duty to do so prudentlyand in the interest of you and other Plan Participants and beneficiaries. No one, including your employer, your union orany other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a pensionor exercising your rights under ERISA.

Enforce Your RightsIf your claim for a pension benefit is denied or ignored, in whole or in part, you have a right to know why this was done,to obtain copies of documents relating to the decision without charge, and to appeal any denial within certain time limits.

Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request materials from the Planand do not receive them within 30 days, you may file suit in a federal court. In such a case, the court may require the PlanAdministrator to provide the materials and pay you up to $110 a day until you receive the materials, unless the materialswere not sent because of reasons beyond the control of the Plan Administrator.

If you have a claim for benefits which is denied or ignored, in whole or part, you may file suit in a state or federal court. Inaddition, if you disagree with the Plan’s decision or lack thereof concerning the qualified status of a domestic relations

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order, you may file suit in a federal court. If it should happen that Plan fiduciaries misuse the Plan’s money, or if you arediscriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you mayfile suit in a federal court. The court will decide who should pay court costs and legal fees. If you are successful, the courtmay order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costsand fees; for example, if it finds your claim is frivolous.

Assistance with Your QuestionsIf you have any questions about your Plan, you should contact the Plan Administrator. If you have any questions aboutthis statement or about your rights under ERISA, or if you need assistance in obtaining documents from the PlanAdministrator, you should contact the nearest office of the Employee Benefits Security Administration, U.S. Departmentof Labor, listed in your telephone directory, or the Division of Technical Assistance and Inquiries, Employee BenefitsSecurity Administration, U.S. Department of Labor, 200 Constitution Ave. N.W., Washington, D.C. 20210. You may alsoobtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of theEmployee Benefits Security Administration at 1-866-444-3272.

Conflict with the Plan and/or TrustThe foregoing Summary Plan Description is written in nontechnical language and is intended as a summary of theimportant provisions of the Plan and Trust set forth in the Plan document and the Trust agreement. All rights and benefitsunder the Plan and Trust will be determined by the terms of the Plan document and the Trust agreement. Since all rightsunder the Plan and the Trust are governed by the Plan document and Trust agreement, you should look at the Plandocument and the Trust agreement. If the terms of the Plan document and Trust agreement and of this summary areinconsistent, the terms of the Plan document and the Trust agreement will control.

ENTERGY CORPORATION RETIREMENT PLAN

Documents

Transcript of ENTERGY CORPORATION RETIREMENT PLAN