SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Amendment No. 1

to

FORM SF-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

ENTERGY TEXAS, INC. (Exact name of registrant, sponsor and depositor as specified in its charter)			ENTERGY TEXAS RESTORATION FUNDING II, LLC (Exact name of registrant and issuing entity as specified in its charter)
Texas (State or other jurisdiction of incorporation or organization)			Delaware (State or other jurisdiction of incorporation or organization)
001-34360 (Commission File Number)
0001427437 (Central Index Key Number)			0001880480 (Central Index Key Number)
61-1435798 (I.R.S. Employer Identification Number)			87-2161827 (I.R.S. Employer Identification Number)
2107 Research Forest Drive The Woodlands, Texas 77380 (409) 981-2000  (Address, including zip code, and telephone number, including area code, of depositor’s principal executive offices)			Capital Center 919 Congress Avenue, Suite 840-C Austin, Texas 78701 (512) 487-3999 (Address, including zip code, and telephone number, including area code, of issuing entity’s principal executive offices)
Dawn A. Balash Assistant General Counsel - Corporate and Securities Entergy Services, LLC 639 Loyola Avenue New Orleans, Louisiana 70113 (504) 576-6755						Kimberly A. Fontan Senior Vice President and Chief Accounting Officer Entergy Corporation 639 Loyola Avenue New Orleans, Louisiana 70113 (504) 576-5035
(Name, address, including zip code, and telephone number, including area code, of agent for service)
With Copies to:
Eric D. Tashman Norton Rose Fulbright US LLP 555 California Street San Francisco, California 94104 (628) 231-6803

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.   If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.   If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.

The Registrants hereby amend this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrants shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, or until this Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

Subject to Completion, dated January 31, 2022
PRELIMINARY PROSPECTUS
$                  Senior Secured System Restoration Bonds, Series 2022-A
Entergy Texas, Inc.
Sponsor, Depositor and Initial Servicer
Central Index Key Number: 0001427437

Entergy Texas Restoration Funding II, LLC
issuing entity
Central Index Key Number: 0001880480

Tranche

Expected Weighted Average Life (Years)

Principal Amount Offered*

Scheduled Final Payment Date

Final Maturity Date

Interest Rate

Initial Price to Public

Underwriting Discounts and Commissions

Proceeds to issuing entity (Before Expenses)

*    Principal amounts are approximate and subject to change The total initial price to the public is $ . The total amount of the underwriting discounts and commissions is $ . The total amount of proceeds to the issuing entity before deduction of expenses (estimated to be $ ) is $ . The distribution frequency is semi-annually. The first expected payment date is

Investing in the Senior Secured System Restoration Bonds involves risks. Please read “Risk Factors” beginning on page 26 to read about factors you should consider before buying the bonds.

Entergy Texas, Inc., or Entergy Texas, as depositor, is offering $ of Senior Secured System Restoration Bonds, referred to herein as the bonds or the System Restoration Bonds, in    tranches to be issued by Entergy Texas Restoration Funding II, LLC, as the issuing entity. Entergy Texas is also the seller, initial servicer and sponsor with regard to the bonds. The bonds are senior secured obligations of the issuing entity supported by transition property, which includes the right to a special, irrevocable nonbypassable charge, known as a system restoration charge, paid by retail end users of electricity and related services provided by Entergy Texas or a retail electric provider via the transmission and distribution system of an electric utility such as Entergy Texas, within Entergy Texas' service territory. The Financing Act (as defined herein) mandates that system restoration charges be adjusted annually, and the Public Utility Commission of Texas further requires such true-ups to occur semi-annually (and permits such true-ups to occur more frequently) if necessary, in each case to ensure the expected recovery of amounts sufficient to timely provide all scheduled payments of principal and interest on the bonds, as described further in this prospectus, and the Public Utility Commission of Texas guarantees it will act under the financing order to ensure such recoveries as described below. Credit enhancement for the bonds will be provided by such statutory true-up mechanisms as well as by accounts held under the indenture (as defined herein).

Each bond will be entitled to interest on                         and                         of each year, beginning in                        . The first scheduled payment date is                        . Interest will accrue from the date of issuance and must be paid by the purchaser if the bonds are delivered after that date. On each payment date, each bond will be entitled to payment of principal, but only to the extent funds are available in the collection account after payment of certain fees and expenses and after payment of interest. There currently is no secondary market for the bonds, and we cannot assure you that one will develop.

The bonds represent obligations only of the issuing entity, Entergy Texas Restoration Funding II, LLC, and do not represent obligations of the sponsor or any of its affiliates other than the issuing entity. Please read “Description of the Transition Property” and “Security for the System Restoration Bonds” in this prospectus. The bonds are secured by the assets of the issuing entity, consisting principally of the transition property and funds on deposit in the collection account for the bonds and related subaccounts. Please read “Security for the System Restoration Bonds” and “Description of the Transition Property” in this prospectus. The bonds are not a debt or general obligation of the State of Texas, the Public Utility Commission of Texas or any other governmental agency or instrumentality and are not a charge on the full faith and credit or the taxing power of the State of Texas or any governmental agency or instrumentality.

The Public Utility Commission of Texas guarantees that it will act under its irrevocable financing order as expressly authorized by the Financing Act to ensure that expected system restoration charge revenues are sufficient to pay on a timely basis scheduled principal and interest on the bonds. The Public Utility Commission of Texas’ obligations relating to the bonds, including the specific actions that it has guaranteed to take, are direct, explicit, irrevocable and unconditional upon issuance of the bonds, and are legally enforceable against the Public Utility Commission of Texas in accordance with Texas law.

All matters relating to the structuring and pricing of the bonds have been considered jointly by Entergy Texas and the Public Utility Commission of Texas or its designated representative.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The underwriters expect to deliver the bonds through the book-entry facilities of The Depository Trust Company against payment in immediately available funds on or about                ,     .

Book-Running Manager(s)
The date of this prospectus is , 2022

			ABOUT THIS PROSPECTUS    1
			CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION    2
			PROSPECTUS SUMMARY OF TERMS    4
			SUMMARY OF RISK FACTORS    24
			RISK FACTORS    26
			You may experience material payment delays or incur a loss on your investment in the System Restoration Bonds because the source of funds for payment is limited.    26
			RISKS ASSOCIATED WITH POTENTIAL JUDICIAL, LEGISLATIVE OR REGULATORY ACTIONS    26
			We are not obligated to indemnify you for changes in law.    26
			Future judicial action could reduce the value of your investment in the System Restoration Bonds.    27
			Future state legislative action might attempt to reduce the value of your investment in the System Restoration Bonds.    28
			The Texas commission might attempt to take actions that could reduce the value of your investment in the System Restoration Bonds.    28
			A municipal entity might assert the right to acquire portions of Entergy Texas’ electric distribution facilities and avoid payment of the system restoration charges.    29
			SERVICING RISKS    30
			Inaccurate consumption or collection forecasting might reduce scheduled payments on the System Restoration Bonds.    30
			Your investment in the System Restoration Bonds depends on Entergy Texas or its successor or assignee, acting as servicer of the transition property.    31
			If we replace Entergy Texas as the servicer, we may experience difficulties finding and using a replacement servicer.    31
			Terrorist attacks, cyber attacks, system failures or data breaches of Entergy Texas’ or its suppliers’ technology systems could limit Entergy Texas’ ability to service the transition property.    32
			It may be difficult to collect system restoration charges from other parties who may bill retail customers in the future.    33
			Competitive metering services might result in unexpected problems in receiving accurate metering data.    34
			Limits on rights to terminate service might make it more difficult to collect the system restoration charges.    34
			Future adjustments to system restoration charges by customer class might result in insufficient collections.    35
			RISKS ASSOCIATED WITH THE UNUSUAL NATURE OF THE TRANSITION PROPERTY    35
			We will not receive system restoration charges in respect of electric service provided more than 15 years from the date of issuance of the System Restoration Bonds.    35
			Foreclosure of the trustee’s lien on the transition property for the System Restoration Bonds might not be practical, and acceleration of the System Restoration Bonds before maturity might have little practical effect.    35
			STORM RELATED RISK    36

			Storm damage to Entergy Texas’ operations could impair payment of the System Restoration Bonds.    36
			RISKS ASSOCIATED WITH POTENTIAL BANKRUPTCY PROCEEDINGS OF THE SELLER OR THE SERVICER    36
			The servicer will commingle the system restoration charges with other revenues it collects, which might obstruct access to the system restoration charges in case of the servicer’s bankruptcy and reduce the value of your investment in the System Restoration Bonds.    36
			The bankruptcy of Entergy Texas or any successor seller might result in losses or delays in payments on the System Restoration Bonds.    37
			The sale of the transition property might be construed as a financing and not a sale in a case of Entergy Texas’ bankruptcy which might delay or limit payments on the System Restoration Bonds.    39
			If the servicer enters bankruptcy proceedings, the collections of the system restoration charges held by the servicer as of the date of bankruptcy might constitute preferences, which means these funds might be unavailable to pay amounts owing on the System Restoration Bonds.    39
			Claims against Entergy Texas or any successor seller might be limited in the event of a bankruptcy of the seller.    40
			The bankruptcy of Entergy Texas or any successor seller might limit the remedies available to the trustee.    40
			RISKS ASSOCIATED WITH POTENTIAL BANKRUPTCY PROCEEDINGS OF FUTURE RETAIL ELECTRIC PROVIDERS IF RETAIL COMPETITION IS INTRODUCED    41
			If retail competition is introduced into Entergy Texas' service territory, retail electric providers will collect the system restoration charges and may commingle such charges with other revenues they collect. This may cause losses on or reduce the value of your investment in the System Restoration Bonds in the event a retail electric provider enters bankruptcy proceedings.    41
			If a retail electric provider enters bankruptcy proceedings, any cash deposit of the retail electric provider held by the trustee might not be available to cover amounts owed by the retail electric provider.    42
			If a retail electric provider enters bankruptcy proceedings, system restoration charge payments made by that retail electric provider to the servicer might constitute preferences, and the servicer may be required to return such funds to the bankruptcy estate of the retail electric provider.    42
			OTHER RISKS ASSOCIATED WITH AN INVESTMENT IN THE SYSTEM RESTORATION BONDS    43
			Entergy Texas’ indemnification obligations under the sale and servicing agreements are limited and might not be sufficient to protect your investment in the System Restoration Bonds.    43
			The credit ratings are no indication of the expected rate of payment of principal on the System Restoration Bonds.    43
			Alternatives to purchasing electricity through Entergy Texas’ distribution facilities may be more widely utilized by retail electric customers in the future.    44
			The absence of a secondary market for the System Restoration Bonds might limit your ability to resell your System Restoration Bonds.    44
			You might receive principal payments for the System Restoration Bonds later than you expect.    45

			Entergy Texas may cause the issuance of additional transition property or similar property through another affiliated entity.    45
			Regulatory provisions affecting certain investors could adversely affect the liquidity of the System Restoration Bonds.    45
			If the investment of collected system restoration charges and other funds held by the trustee in the collection account results in investment losses or the investments become illiquid, you may receive payment of principal and interest on the System Restoration Bonds later than you expect.    48
			REVIEW OF TRANSITION PROPERTY    49
			THE FINANCING ACT    53
			The Financing Act and other provisions of PURA authorize utilities to recover hurricane and other weather-related costs through the issuance of bonds.    53
			Entergy Texas and Other Utilities May Securitize Qualified Costs    54
			The Texas Commission May Adjust System Restoration Charges.    57
			System Restoration Charges Are Nonbypassable.    57
			The Financing Act Protects the Bondholders’ Lien on Transition Property.    57
			The Financing Act Characterizes the Transfer of Transition Property as a True Sale.    58
			The Financing Act Provides a Tax Exemption.    58
			ENTERGY TEXAS’ FINANCING ORDER    58
			Determination of Entergy Texas’ System Restoration Costs to be Financed Through the System Restoration Bonds    58
			Collection of System Restoration Charges    60
			Issuance Advice Letter    60
			Tariff    61
			Statutory True-Ups—Credit Risk    63
			Allocation    63
			Adjustments to Allocation of System Restoration Charges    63
			Servicing Agreement    64
			DESCRIPTION OF THE TRANSITION PROPERTY    64
			Creation of Transition Property; Financing Order    64
			Tariff; System Restoration Charges    65
			Billing and Collection Terms and Conditions    67
			THE DEPOSITOR, SELLER, INITIAL SERVICER AND SPONSOR    67
			General    67
			Competition    69
			Servicing Experience    70
			Municipalization    70
			Entergy Texas Customer Base and Electric Energy Consumption    71
			Forecasting Electricity Consumption    72
			Credit Policy; Billing Process; Collections Process; Termination of Service; COVID-19 Protections    74
			Write-off and Delinquency Experience    77
			Days Sales Outstanding    77

			Delinquencies    77
			FUTURE RETAIL ELECTRIC PROVIDERS    78
			ENTERGY TEXAS RESTORATION FUNDING II, LLC, THE ISSUING ENTITY    83
			Restricted Purpose    85
			Manager Fees and Limitation on Liabilities    87
			We Are a Separate and Distinct Legal Entity from Entergy Texas    88
			Administration Agreement    88
			RELATIONSHIP TO THE SERIES 2009 TRANSITION BONDS    88
			Entergy Texas’ Prior Securitizations    88
			DESCRIPTION OF THE SYSTEM RESTORATION BONDS    90
			General    90
			Payment and Record Dates and Payment Sources    91
			Interest Payments    91
			Principal Payments    92
			Distribution Following Acceleration    95
			Optional Redemption    96
			Payments on the System Restoration Bonds    96
			Fees and Expenses    97
			System Restoration Bonds Will Be Issued in Book-Entry Form    97
			Definitive System Restoration Bonds    101
			Relationship to the 2009 Transition Bonds    102
			Access of Bondholders    102
			Reports to Bondholders    103
			SEC Filings; Website Disclosure    104
			We and the Trustee May Modify the Indenture    105
			Our Covenants    110
			Events of Default; Rights Upon Event of Default    114
			Actions by Bondholders    117
			Annual Report of Trustee    118
			Annual Compliance Statement    118
			Satisfaction and Discharge of Indenture    118
			Our Legal and Covenant Defeasance Options    119
			No Recourse to Others    121
			THE TRUSTEE    121
			SECURITY FOR THE SYSTEM RESTORATION BONDS    122
			General    122
			Pledge of Collateral    123
			Security Interest in the Collateral    124
			Right of Foreclosure    125
			Description of Indenture Accounts    126
			How Funds in the Collection Account Will Be Allocated    128