Business: Entergy New Orleans, Inc., Entergy New Orleans, 5.50% Series First Mortgage Bonds due 4/1/2066, issued in $25 denominations, redeemable at the issuer's option on or after 4/1/2021 at $25 per note plus accrued and unpaid interest, and maturing 6/1/2064. <p> Interest distributions of 5.50% per annum ($1.375 per annum or $0.34375 per quarter) will be paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date that will be the close of business on the business day immediately prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was rated as Baa2 by Moody’s and A- by S&P at the date of its IPO. The Bonds are secured by the mortgage of the company and will rank equally with all existing and future secured indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.