Business: Entergy Texas, 5.375% Series A Cumulative Preferred Stock liquidation preference $25 per share, redeemable at the issuer's option on or after 10/15/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 5.375% per annum ($1.34375 per annum or $0.3359375 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S-12 of the prospectus for further information). <p> The issuer may redeem the Series A Preferred shares at any time within 120 days following a Rating Agency Event at $25.50 per share. <p> This security was rated as Ba2 by Moody’s and BBB- 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.