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Entergy powers up $352 million contribution to pension plans

High tension lines carry Entergy electrical power

Entergy Corp., New Orleans, expects to contribute about $352 million to its pension plans in 2018, the company disclosed in its 10-K filing on Monday.

The company contributed $410 million to the plans in 2017 and $390 million in 2016.

As of Dec. 31, pension plan assets totaled $6.071 billion, while projected benefit obligations totaled $7.987 billion, for a funding ratio of 76%, up from 72.4% the year before. The discount rates for the company's qualified pension plans ranged from 3.7% to 3.82% in 2017, down from 4.3% to 4.49% the previous year.

As of Dec. 31, the plans' asset allocation was 45% domestic equities, 34% fixed income, 20% international equities and 1% other.