Entergy (ETR) 8-K Entergy strives to create sustainable value for its many stakeholders

ENTERGY STATISTICAL REPORT

AND INVESTOR GUIDE

2008

Entergy Corporation is more than a group of people or a collection of

assets. It is an adaptive organization defined by its values and aspirations,

and governed by its business model, policies and systems.

Entergy strives to create sustainable value for its many stakeholders

along financial, societal and environmental dimensions. We have assembled

the statistics and facts in this report to support your review and analysis of Entergy’s

results over the last five years. This information is available in electronic

form, with Excel spreadsheets, in order to facilitate easier access and analysis.

Entergy Investor Relations

Entergy Corporation is an integrated energy company engaged primarily in electric

power production and retail distribution operations. Entergy owns and operates power

plants with approximately 30,000 megawatts of electric generating capacity, and it is

the second-largest nuclear generator in the United States. Entergy delivers electricity to

2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has

annual revenues of more than $13 billion and approximately 14,700 employees.

TABLE OF CONTENTS		Note: The Excel Tab labels correspond to the page numbers in the PDF version of the 2008 Statistical Report.
	Excel Tab		Excel Tab
ABOUT THIS PUBLICATION	Page 2	UTILITY SECURITIES DETAIL	Page 31
FORWARD-LOOKING INFORMATION	Page 2	Utility Long-Term Debt and Preferred Stock	Page 31
FINANCIAL MEASURES	Page 2	Entergy Arkansas, Inc.	Page 31
ENTERGY AT A GLANCE	Pages 3 – 4	Entergy Gulf States Louisiana, L.L.C.	Page 32
EXECUTIVE PROFILES	Pages 5 – 6	Entergy Louisiana, LLC	Page 33
		Entergy Mississippi, Inc.	Page 34
ENTERGY CORPORATION AND SUBSIDIARIES		Entergy New Orleans, Inc.	Page 35
Selected Financial and Operating Data	Page 7	System Energy Resources, Inc.	Page 35
Selected Financial Data	Page 7	UTILITY STATISTICAL INFORMATION	Page 36
Utility Electric Operating Data	Page 7	Utility Total Capability	Page 36
Employees	Page 7	Utility Selected Operating Data	Page 36
Owned and Leased Capability	Page 7	Utility Consolidating Information	Page 37
Consolidated Quarterly Financial Metrics	Page 8	Entergy Arkansas, Inc.	Pages 38 – 39
Consolidated Annual Financial Metrics	Page 8	Entergy Gulf States Louisiana, L.L.C.	Pages 40 and 42
Consolidated Financial Results	Page 9	Entergy Texas, Inc.	Pages 41 and 42
Consolidated Quarterly Results	Page 9	Entergy Louisiana, LLC	Pages 43 – 44
Consolidated Quarterly Special Items	Page 10	Entergy Mississippi, Inc.	Pages 45 – 46
Consolidated Annual Results	Page 11	Entergy New Orleans, Inc.	Pages 47 – 48
Consolidated Annual Special Items	Page 12	System Energy Resources, Inc.	Page 48
Description of Special Items	Page 13	Utility Nuclear Plant Statistics	Page 49
Consolidated Statements of Income	Page 14	UTILITY REGULATORY INFORMATION	Page 50
Consolidating Income Statement	Page 15	Regulatory Commissions	Page 50
Consolidated Balance Sheets	Pages 16 – 17	Commission/Council Members	Page 50
Consolidating Balance Sheet	Pages 18 – 19	Select Utility Regulatory Mechanisms	Page 51
Consolidated Statements of Cash Flow	Pages 20 – 21	Utility Electric and Gas Fuel Recovery Mechanisms	Page 52
Cash Flow Information by Business	Page 21
Consolidated Statements of Retained Earnings,Comprehensive Income and Paid–In Capital		COMPETITIVE BUSINESSES
	Page 22	Total Capacity	Page 53
Consolidated Capital Expenditures	Page 23
Entergy Corporation Securities Detail	Page 23	ENTERGY NUCLEAR (NON-UTILITY)
Entergy Corporation Long-Term Debt	Page 23	Entergy Nuclear Quarterly Financial Metrics	Page 53
Securities Ratings (Outlook)	Page 23	Entergy Nuclear Annual Financial Metrics	Page 53
		Entergy Nuclear Quarterly Operational Metrics	Page 53
UTILITY		Entergy Nuclear Annual Operational Metrics	Page 53
Utility Quarterly Financial Metrics	Page 24	Entergy Nuclear Plant Statistics	Page 54
Utility Annual Financial Metrics	Page 24	Entergy Nuclear Plant Uprates	Page 54
Utility Capital Expenditures	Page 24	Entergy Nuclear Securities Detail	Page 55
Utility Securities Ratings (Outlook)	Page 24
Utility Financial Results	Page 25	NON-NUCLEAR WHOLESALE ASSETS
Utility/Parent/Other Consolidating Income Statement	Page 25	Non-Nuclear Wholesale Assets Plant Statistics	Page 55
Utility/Parent/Other Consolidating Balance Sheet	Pages 26 – 27	Non-Nuclear Wholesale Assets Securities Detail	Page 55
Utility Selected Annual Financial Metrics	Pages 28 – 30
		DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES	Page 56
		REG G RECONCILIATIONS
		Pro Forma Financial Results	Pages 57 – 65
		Financial Measures	Pages 66 – 76
		INVESTOR INFORMATION	Page 77

Table of Contents

ABOUT THIS PUBLICATION

This publication is unaudited and should be used in conjunction with Entergy’s 2008 Annual Report to Shareholders and Form 10-K filed with the Securities and Exchange Commission. It has been prepared for information purposes and is not intended for use in connection with any sale or purchase of, or any offer to buy, any securities of Entergy Corporation or its subsidiaries.

FORWARD-LOOKING INFORMATION

In this report and from time to time, Entergy Corporation makes statements as a registrant concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “intend,” “expect,” “estimate,” “continue,” “potential,” “plan,” “predict,” “forecast,” and other similar words or expressions are intended to identify forward-looking statements but are not the only means to identify these statements. Although Entergy believes that these forward-looking statements and the underlying assumptions are reasonable, it cannot provide assurance that they will prove correct. Any forward-looking statement is based on information current as of the date of this report and speaks only as of the date on which such statement is made. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including those factors discussed or incorporated by reference in (a) Item 1A. Risk Factors, in the Form 10-K (b) Management’s Financial Discussion and Analysis, and (c) the following factors (in addition to others described elsewhere in this report and in subsequent securities filings):

— resolution of pending and future rate cases and negotiations, including various performance-based rate discussions and implementation of Texas restructuring legislation, and other regulatory proceedings, including those related to Entergy’s System Agreement, Entergy’s utility supply plan, recovery of storm costs, and recovery of fuel and purchased power costs

— changes in utility regulation, including the beginning or end of retail and wholesale competition, the ability to recover net utility assets and other potential stranded costs, the operations of the independent coordinator of transmission that includes Entergy’s utility service territory, and the application of more stringent transmission reliability requirements or market power criteria by the Federal Energy Regulatory Commission (FERC)

— changes in regulation of nuclear generating facilities and nuclear materials and fuel, including possible shutdown of nuclear generating facilities, particularly those owned or operated by the Non-Utility Nuclear business

— resolution of pending or future applications for license extensions or modifications of nuclear generating facilities

— the performance of Entergy’s generating plants, and particularly the capacity factors at its nuclear generating facilities

— Entergy’s ability to develop and execute on a point of view regarding future prices of electricity, natural gas, and other energy-related commodities

— prices for power generated by Entergy’s non-utility generating facilities, the ability to hedge, sell power forward or otherwise reduce the market price risk associated with those facilities, including the Non-Utility Nuclear plants, and the prices and availability of fuel and power Entergy must purchase for its utility customers, and Entergy’s ability to meet credit support requirements for fuel and power supply contracts

— volatility and changes in markets for electricity, natural gas, uranium, and other energy-related commodities

— changes in law resulting from federal or state energy legislation

— changes in environmental, tax, and other laws, including requirements for reduced emissions of sulfur, nitrogen, carbon, mercury, and other substances

— uncertainty regarding the establishment of interim or permanent sites for spent nuclear fuel and nuclear waste storage and disposal

— variations in weather and the occurrence of hurricanes and other storms and disasters, including uncertainties associated with efforts to remediate the effects of hurricanes and ice storms (including most recently, Hurricane Gustav and Hurricane Ike and the January 2009 ice storm in Arkansas) and recovery of costs associated with restoration, including accessing funded storm reserves, federal and local cost recovery mechanisms, securitization, and insurance

— Entergy’s ability to manage its capital projects and operation and maintenance costs

— Entergy’s ability to purchase and sell assets at attractive prices and on other attractive terms

— the economic climate, and particularly growth in Entergy’s Utility service territory and the Northeast United States

— the effects of Entergy’s strategies to reduce tax payments

— changes in the financial markets, particularly those affecting the availability of capital and Entergy’s ability to refinance existing debt, execute its share repurchase program, and fund investments and acquisitions

— actions of rating agencies, including changes in the ratings of debt and preferred stock, changes in general corporate ratings, and changes in the rating agencies’ ratings criteria

— changes in inflation and interest rates

— the effect of litigation and government investigations or proceedings

— advances in technology

— the potential effects of threatened or actual terrorism and war

— Entergy’s ability to attract and retain talented management and directors

— changes in accounting standards and corporate governance

— declines in the market prices of marketable securities and resulting funding requirements for Entergy’s defined benefit pension and other postretirement benefit plans

— changes in the results of decommissioning trust fund earnings or in the timing of or cost to decommission nuclear plant sites

— the ability to successfully complete merger, acquisition, or divestiture plans, regulatory or other limitations imposed as a result of merger, acquisition, or divestiture, and the success of the business following a merger, acquisition, or divestiture

— and the risks inherent in the contemplated Non-Utility Nuclear spin-off, joint venture, and related transactions. Entergy Corporation cannot provide any assurances that the spin-off or any of the proposed transactions related thereto will be completed, nor can it give assurances as to the terms on which such transactions will be consummated. The transaction is subject to certain conditions precedent, including regulatory approvals and the final approval by the Board.

FINANCIAL MEASURES

Financial performance measures shown in this report include those calculated and presented in accordance with generally accepted accounting principles (GAAP), as well as those that are considered non-GAAP measures. This report includes non-GAAP measures of operational earnings, operational return on average invested capital, operational return on average common or members’ equity, operational net margin, operational price to earnings ratio and operational common dividend payout ratio, as well as gross liquidity, net debt to net capital, net debt to net capital with off-balance sheet liabilities, pro forma financial results reflecting reconsolidation of Entergy New Orleans, Inc., and pro forma financial results and financial measures (average common equity, return on average common equity, debt to capital ratio, cash flow interest coverage) reflecting the jurisdictional separation of Entergy Gulf States, Inc. into Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc., when describing Entergy’s results of operations and financial performance. We have prepared reconciliations of these measures to the most directly comparable GAAP measures. Reconciliations can be found on pages 9, 11, and 57 – 76.

Page 2

ENTERGY AT A GLANCE

CORPORATE STRUCTURE

CORPORATE PROFILE	BUSINESS SEGMENTS
Entergy Corporation is a Fortune 500 integrated energy company engaged primarily in electric power production and retail distribution operations.	Entergy’s five year results in this report are presented in three business segments:
—  Approximately 30,000 MW electric generating capacity	—  Utility
—  2nd-largest U.S. nuclear generator	—  Entergy Nuclear (non-utility nuclear business)
—  2.7 million utility customers	—  Energy Commodity Services
—  More than $13 billion annual revenues
—  Approximately 14,700 employees	Entergy Nuclear and Energy Commodity Services are referred to as
—  102 electric generating units operated	Entergy’s Competitive Businesses.
	Entergy-Koch, LP is no longer an operating entity as
	Entergy-Koch sold Entergy-Koch Trading and Gulf South Pipeline in the fourth quarter of 2004.

Page 3

ENTERGY CORPORATION AND SUBSIDIARIES

BUSINESS SEGMENTS (CONTINUED)

UTILITY

Entergy’s utility companies generate, transmit, distribute, and sell electric power, and operate a small natural gas distribution business.

—  Six electric utilities with 2.7 million customers

—  Four states – Arkansas, Louisiana, Mississippi, Texas

—  22,000 MW generating capacity

—  Two gas utilities with 185,000 customers

ENTERGY ARKANSAS, INC. (EAI)

Entergy Arkansas generates, transmits, distributes, and sells electric power to 688,000 retail customers in portions of Arkansas.

ENTERGY GULF STATES LOUISIANA, L.L.C. (EGSL)^(a)

Entergy Gulf States Louisiana generates, transmits, distributes, and sells electric power to 375,000 retail customers in portions of Louisiana. Entergy Gulf States Louisiana also provides natural gas utility service to 92,000 customers in the Baton Rouge, Louisiana area.

ENTERGY LOUISIANA, LLC (ELL)

Entergy Louisiana generates, transmits, distributes, and sells electric power to 658,000 retail customers in portions of Louisiana.

ENTERGY MISSISSIPPI, INC. (EMI)

Entergy Mississippi generates, transmits, distributes, and sells electric power to 432,000 retail customers in portions of Mississippi.

ENTERGY NEW ORLEANS, INC. (ENOI)^(b)

Entergy New Orleans generates, transmits, distributes, and sells electric power to 141,000 retail customers in the city of New Orleans, Louisiana. Entergy New Orleans also provides natural gas utility service to 93,000 customers in the City of New Orleans.

ENTERGY TEXAS, INC. (ETI)^(a)

Entergy Texas generates, transmits, distributes, and sells electric power to 395,000 retail customers in portions of Texas.

SYSTEM ENERGY RESOURCES, INC. (SERI)

System Energy owns or leases 90 percent of the Grand Gulf 1 nuclear generating facility. System Energy sells power and capacity from Grand Gulf 1 at wholesale to Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans.

UTILITY NUCLEAR PLANTS

Entergy owns and operates five nuclear units at four plant sites to serve its regulated utility business: Arkansas Nuclear One (ANO) Units 1 and 2 near Russelville, Arkansas; Grand Gulf Nuclear Station in Port Gibson, Mississippi; River Bend Station in St. Francisville, Louisiana; and Waterford 3 in Taft, Louisiana.

(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies, one operating under the sole retail jurisdiction of the PUCT, Entergy Texas, Inc., and the other operating under the sole retail jurisdiction of the LPSC, Entergy Gulf States Louisiana, L.L.C., Entergy Gulf States Louisiana, L.L.C. is the successor for financial reporting purposes to Entergy Gulf States, Inc.

(b) On September 23, 2005, Entergy New Orleans filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code to protect its customers and ensure continued progress in restoring power and gas service to New Orleans after Hurricane Katrina. As a result of the bankruptcy filing, Entergy discontinued the consolidation of Entergy New Orleans retroactive to January 1, 2005. Entergy New Orleans emerged from Chapter 11 bankruptcy effective May 8, 2007, pursuant to the Confirmation Order from the Bankruptcy Court confirming Entergy New Orleans’ Plan of Reorganization. With confirmation of the plan of reorganization, Entergy reconsolidated Entergy New Orleans in the second quarter 2007, retroactive to January 1, 2007.

ENTERGY NUCLEAR

Entergy’s non-utility nuclear business owns and operates six nuclear units in the northern United States. This business is primarily focused on selling power produced by those plants to wholesale customers. This business also provides operations and management services to nuclear power plants owned by other utilities in the United States.

—  Six units in northern U.S.

    —  Pilgrim Nuclear Station in Plymouth, Massachusetts

    —  James A. FitzPatrick in Oswego, New York

    —  Indian Point Units 2 and 3 in Buchanan, New York

    —  Vermont Yankee in Vernon, Vermont

    —  Palisades Nuclear Energy Plant in South Haven, Michigan

—  4,998 MW owned generating capacity

—  800 MW under management services contract

    —  Cooper Nuclear Station located near Brownville, Nebraska

—  Contracts (ongoing and completed) with other nuclear owners to manage decommissioning for 2 plants and license renewal for 4 plants

ENEXUS ENERGY CORPORATION / EQUAGEN, LLC

In November 2007, Entergy’s Board of Directors approved a plan to pursue a separation of the Non-Utility Nuclear business from Entergy through a tax-free spin-off of Non-Utility Nuclear to Entergy shareholders. Enexus will be a new, separate, and publicly-traded company. In addition, under the plan, Enexus and Entergy are expected to enter into a nuclear services business joint venture, EquaGen, with 50% ownership by Enexus and 50% ownership by Entergy.

Entergy expects that Enexus’ business will be substantially comprised of Non-Utility Nuclear’s assets, including its six nuclear units, and Non-Utility Nuclear’s power marketing operation. Entergy’s remaining business will primarily be comprised of the Utility business. EquaGen is expected to operate the nuclear assets owned by Enexus. EquaGen is also expected to offer nuclear services to third parties, including decommissioning, plant relicensing, and plant operations for the Cooper Nuclear Station and others.

Deteriorating financial market conditions in late 2008 and a longer than planned regulatory approval process caused the spin-off and nuclear services business joint venture transactions to be delayed. Entergy is in a position of rolling readiness, prepared to act once acceptable regulatory approvals are received and the timing is right to access financial markets. Entergy remains committed to maximizing the value that continues to exist in its non-utility nuclear assets.

ENERGY COMMODITY SERVICES

The energy commodity services business includes Entergy-Koch and Entergy’s Non-Nuclear Wholesale Assets business. Entergy-Koch engaged in two major businesses: energy commodity marketing and trading through Entergy-Koch Trading, and gas transportation and storage through Gulf South Pipeline. Entergy-Koch sold both of these businesses in the fourth quarter of 2004, and Entergy-Koch is no longer an operating entity.

NON-NUCLEAR WHOLESALE ASSETS BUSINESS

Entergy’s Non-Nuclear Wholesale Assets business sells to wholesale customers the electric power produced by power plants that it owns or controls (1,353 net MW generating capacity) while it focuses on improving performance and exploring sales or restructuring opportunities for its power plants. Such opportunities are evaluated consistent with Entergy’s market-based point of view.

Page 4

ENTERGY CORPORATION AND SUBSIDIARIES

EXECUTIVE PROFILES

WAYNE LEONARD – CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Wayne Leonard became Entergy’s chairman and chief executive officer on August 1, 2006 after serving as chief executive officer since January 1, 1999. Leonard joined Entergy in April 1998 as president and chief operating officer of the company’s domestic business, and he assumed additional responsibility for international operations in August 1998. Under Leonard, Entergy has achieved the highest total shareholder return in the industry over the last ten years. In 2008, for the seventh consecutive year, Entergy was named to the Dow Jones Sustainability World Index and the only U.S. utility listed. In 2008, Entergy received a Platts Award of Excellence for its standout performance year after year over the past decade. In 2002 and 2005 Entergy was honored to receive the electric power industry’s highest honor, the Edison Award, from the Edison Electric Institute. The Platts Global Energy Awards named Leonard 2003 CEO of the Year and Leonard has been a CEO of the Year finalist for the past eight consecutive years. Prior to joining Entergy, Leonard was president of Cinergy’s Energy Commodities Strategic Business Unit and president of Cinergy Capital Trading.

RICHARD SMITH – PRESIDENT AND CHIEF OPERATING OFFICER, ENTERGY CHIEF EXECUTIVE OFFICER DESIGNATE, ENEXUS

Rick Smith became president and chief operating officer of Entergy Corporation in April 2007. He is responsible for oversight of Entergy Nuclear and Entergy Operations. Smith was previously group president, utility operations (January 2002). Smith joined Entergy in September 1999 as senior vice president, transition management and later served as president of retail operations. Prior to joining Entergy, Smith was president of Cinergy Resources, Inc., a non-regulated retail supply business. Prior to that, he served for three years as vice president of finance for Cinergy’s Energy Services business unit.

LEO DENAULT – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

Leo Denault became executive vice president and chief financial officer in February 2004. He was previously vice president of corporate development and strategic planning. Denault joined Entergy in March 1999 as vice president, corporate development. Denault assumed responsibility for the areas of strategic planning, the Office of the Chief Risk Officer, and strategic pricing and transmission services in 2002. Prior to joining Entergy, Denault was vice president of corporate development at Cinergy Corporation, where he reviewed every major investment transaction, including the acquisition of generation, distribution and trading businesses in the United States and abroad.

GARY TAYLOR – GROUP PRESIDENT, UTILITY OPERATIONS

Gary Taylor became group president, utility operations in April 2007. He is responsible for the regulated utility financial results, along with operational results of electric and natural gas distribution and customer service. In addition, Taylor oversees utility regulatory support and regulated retail activities. He joined Entergy in March 2000 as chief operating officer of Entergy’s Nuclear South region and became chief executive officer of Entergy’s nuclear business in April 2003. Prior to joining Entergy, Taylor had been vice president of nuclear operations at South Carolina Electric & Gas Company, a subsidiary of SCANA Corporation, since 1995.

MICHAEL KANSLER – PRESIDENT AND CHIEF NUCLEAR OFFICER, ENTERGY NUCLEAR

CHIEF EXECUTIVE OFFICER DESIGNATE, EQUAGEN

Mike Kansler became president and chief nuclear officer of Entergy Nuclear in April 2007. He is responsible for all of Entergy’s nuclear plants located throughout New York, Massachusetts, Vermont, Michigan, Louisiana, Mississippi and Arkansas, as well as the company’s management of the Cooper Nuclear Station for the State of Nebraska. Kansler was previously president of Entergy Nuclear Northeast (January 2003) and chief operating officer of Entergy Nuclear Northeast (January 2000). Kansler joined Entergy in 1998 as vice president of operations support, overseeing consolidated support functions for all five of Entergy’s regulated nuclear power units. Prior to joining Entergy, Kansler spent more than 20 years at Virginia Power (now Dominion Resources).

CURT HÉBERT – EXECUTIVE VICE PRESIDENT, EXTERNAL AFFAIRS

Curt Hébert joined Entergy as executive vice president, external affairs in September 2001 after a lengthy career as a government energy regulator at both the federal and state levels. His responsibilities include supervision of the company’s system and federal government relations, system regulatory affairs, external and internal communications, and corporate contribution functions. Prior to joining Entergy, Hébert was chairman of the Federal Energy Regulatory Commission. During Hébert’s four years of service as a member and later chairman, FERC was active in the restructuring of the electric utility and natural gas pipeline industries to promote competition.

MARK SAVOFF – EXECUTIVE VICE PRESIDENT, OPERATIONS

Mark Savoff joined Entergy as executive vice president, operations in December 2003. He is responsible for the business operations of fossil generation, transmission operations, system safety and environment, supply chain, system planning, and performance management. Prior to joining Entergy, Savoff was vice president and corporate officer at GE Power Systems, Nuclear Energy. Before assuming his role as vice president, Nuclear Energy, he was General Manager of GE’s global nuclear fuel business and led the turnaround of GE’s global nuclear services business. He also served as president, Reuter-Stokes, a GE subsidiary.

DEAN KELLER – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER DESIGNATE, ENEXUS

Dean Keller joined Entergy as executive vice president, finance in August 2008. As executive vice president and chief financial officer designate of Enexus, he is responsible for accounting, treasury, investor relations, internal audit, tax, risk analysis, and planning and development. Prior to joining Entergy, Keller was managing director, investment banking and co-head of the North American Power Group of Citigroup Global Markets, Inc., where he advised a wide range of energy-focused clients and participated in transactions exceeding $100 billion.

Page 5

ENTERGY CORPORATION AND SUBSIDIARIES

UTILITY OPERATING COMPANY PRESIDENTS

RENAE CONLEY – PRESIDENT & CEO, ENTERGY LOUISIANA AND

ENTERGY GULF STATES LOUISIANA

Renae Conley became president and CEO of Entergy Louisiana and Entergy Gulf States Louisiana in mid-2000. She is responsible for the Louisiana utilities’ electric and gas distribution systems, customer service, economic development, regulatory and governmental affairs. Prior to joining Entergy in 1999 as vice president of investor relations, Conley was president of The Cincinnati Gas & Electric Company, a subsidiary of Cinergy Corp. Conley also served as president and CEO of Cadence, a joint venture of Cinergy and other utilities that provides energy management services. At Cinergy, Conley was also general manager of corporate communications and investor relations.

JOE DOMINO – PRESIDENT & CEO, ENTERGY TEXAS

Joe Domino became president and CEO of Entergy Texas in 1998. He is responsible for Entergy Texas’ electric distribution system, customer service, economic development, regulatory and governmental affairs. Prior to being named president, he served as director of Entergy’s distribution operations in Texas and Southwest Louisiana. Domino joined Gulf States Utilities in 1970 as a planning engineer and was appointed director of Southern Region fossil plants in 1994.

HUGH McDONALD – PRESIDENT & CEO, ENTERGY ARKANSAS

Hugh McDonald became president and CEO of Entergy Arkansas in spring 2000. He is responsible for Entergy Arkansas’ electric distribution system, customer service, economic development, regulatory and governmental affairs. Prior to becoming Entergy Arkansas’ president, he led Entergy’s Retail Operations. McDonald joined Entergy in 1982 at the Waterford 3 nuclear plant. In 1989, he became executive assistant to the chairman of Entergy Louisiana/Entergy New Orleans and then led Entergy Louisiana’s Total Quality initiative until 1993. During Entergy’s merger with Gulf States Utilities, McDonald served as the special projects director for the functional integration of the transmission, distribution, and customer service organizations. McDonald has also held the positions of division manager for Entergy Mississippi and director of regulatory affairs, Entergy Texas.

HALEY FISACKERLY – PRESIDENT & CEO, ENTERGY MISSISSIPPI

Haley Fisackerly became president and CEO of Entergy Mississippi in June 2008. He is responsible for Entergy Mississippi’s electric distribution system, customer service, economic development, regulatory and governmental affairs. Prior to being named president, Fisackerly was vice president of governmental and regulatory affairs for Entergy Nuclear. Prior to that, he was Entergy Mississippi’s vice president of customer operations. Fisackerly joined Entergy in 1995 in federal governmental affairs in Washington D.C. and later moved to Little Rock, Ark., where he was director of system regulatory strategy. Prior to joining Entergy, Fisackerly served for several years on the staff of U.S. Senator Thad Cochran.

ROD WEST – PRESIDENT & CEO, ENTERGY NEW ORLEANS

Rod West became president and CEO of Entergy New Orleans on January 1, 2007. He is responsible for Entergy New Orleans’ electric distribution system, customer service, economic development, regulatory and governmental affairs. West was previously director of Entergy New Orleans’ metro distribution operations. West’s primary responsibility during 2006 was restoring New Orleans’ electric distribution system after the devastation brought by Hurricane Katrina. Prior to joining Entergy in April 1999 as senior regulatory counsel, West was senior attorney in the New Orleans office of Vial, Hamilton, Koch and Knox, L.L.P., having previously spent five years with the New Orleans-based firm of Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P.

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SELECTED FINANCIAL AND OPERATING DATA

SELECTED FINANCIAL DATA

(In millions, except percentages, per share amounts, and ratios)	2008			2007			2006(a)		2005(a)			2004
GAAP MEASURES
Operating Revenues	$	13,094		$	11,484		$	10,932	$	10,106		$	9,686
As-Reported Earnings	$	1,221		$	1,135		$	1,133	$	898		$	910
As-Reported Earnings Per Share	$	6.20		$	5.60		$	5.36	$	4.19		$	3.93
Shares of Common Stock Outstanding:
End of Year		189.4			193.1			202.7		207.5			216.8
Weighted Average – Diluted		201.0			202.8			211.5		214.4			231.2
Return on Average Invested Capital – As-Reported		8.1%			8.3%			8.5%		7.2%			7.3%
Return on Average Common Equity – As-Reported		15.4%			14.1%			14.2%		11.2%			10.7%
Net Cash Flow Provided by Operating Activities	$	3,324		$	2,560		$	3,448	$	1,468		$	2,929
Year-End Closing Market Price Per Share of Common Stock	$	83.13		$	119.52		$	92.32	$	68.65		$	67.59
Book Value Per Share at End of Year	$	42.07		$	40.71		$	40.45	$	37.31		$	38.25
Market Value of Equity at End of Year	$	15,741		$	23,082		$	18,710	$	14,247		$	14,655
Price to Earnings Ratio – As-Reported		13.41			21.34			17.24		16.39			17.18
Common Dividend Paid Per Share	$	3.00		$	2.58		$	2.16	$	2.16		$	1.89
Common Dividend Payout Ratio – As-Reported		48%			46%			40%		52%			48%
NON-GAAP MEASURES
Operational Earnings	$	1,276		$	1,167		$	998	$	943		$	880
Operational Earnings Per Share	$	6.51		$	5.76		$	4.72	$	4.40		$	3.80
Special Items Per Share	$	(0.31	)	$	(0.16	)	$	0.64	$	(0.21	)	$	0.13
Return on Average Invested Capital – Operational		8.4%			8.5%			7.7%		7.5%			7.1%
Return on Average Common Equity – Operational		16.1%			14.5%			12.5%		11.8%			10.4%
Price to Earnings Ratio – Operational		12.77			20.75			19.56		15.61			17.77
Common Dividend Payout Ratio – Operational		46%			45%			46%		49%			50%
(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc. UTILITY ELECTRIC OPERATING DATA(a)
	2008			2007			2006		2005			2004
Retail Kilowatt-Hour Sales (millions)		100,609			102,013			100,422		99,865			102,226
Peak Demand (megawatts)		21,241			22,001			20,887		21,391			21,174
Retail Customers – Year End (thousands)		2,689			2,668			2,595		2,629			2,662
(a) Includes Entergy New Orleans, Inc.
EMPLOYEES
	2008			2007			2006		2005			2004
Total Employees – Year End		14,669			14,322			13,814		14,136			14,425

OWNED AND LEASED CAPABILITY (MW)^(a)

	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy	Entergy   Nuclear(c)	Non-   Nuclear   Wholesale(d)	Total
Gas/Oil	1,883	2,240	4,685	2,804	745	2,274	-	-	1,092	15,723
Coal	1,207	363	-	420	-	269	-	-	181	2,440
Total Fossil	3,090	2,603	4,685	3,224	745	2,543	-	-	1,273	18,163
Nuclear	1,839	971	1,169	-	-	-	1,139	4,998		10,116
Other(b)	70	-	-	-	-	-	-	-	80	150
Total	4,999	3,574	5,854	3,224	745	2,543	1,139	4,998	1,353	28,429

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

(b) Other includes Hydro and Wind.

(c) Reflects Net MW in Operation. Net MW in Operation is the installed capacity owned and operated.

(d) Reflects nameplate rating of generating unit.

Page 7

CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA

CONSOLIDATED QUARTERLY FINANCIAL METRICS

	2008					2007					YTD % CHANGE
	1Q	2Q	3Q	4Q	YTD	1Q	2Q	3Q	4Q	YTD
GAAP MEASURES
As-Reported Earnings ($ millions)	308.7	271.0	470.3	170.6	1,220.6	212.2	267.6	461.2	193.9	1,134.8	7.6
Return on Average Invested Capital – As-Reported (%)*	8.8	8.6	8.1	8.1	8.1	8.4	8.2	8.6	8.3	8.3	(2.4	)
Return on Average Common Equity – As-Reported (%)*	15.9	16.3	15.6	15.4	15.4	14.5	14.2	14.6	14.1	14.1	9.2
Net Margin – As-Reported (%)*	10.6	10.2	9.7	9.3	9.3	10.2	10.0	10.7	9.9	9.9	(6.1	)
Cash Flow Interest Coverage (# times)*	4.9	5.0	7.0	6.5	6.5	6.1	5.8	5.3	5.0	5.0	30.0
Revolver Capacity ($ millions)	1,503	826	374	645	645	2,170	1,650	1,804	1,730	1,730	(62.7	)
Total Debt ($ millions)	11,292	11,768	12,656	12,279	12,279	10,100	10,936	11,194	11,123	11,123	10.4
Debt to Capital Ratio (%)	58.6	60.7	60.4	59.7	59.7	55.2	57.3	57.3	57.6	57.6	3.6
Off-Balance Sheet Liabilities ($ millions)	642	638	637	574	574	668	664	662	658	658	(12.8	)
NON-GAAP MEASURES
Operational Earnings ($ millions)	308.7	289.2	487.3	190.7	1,275.9	212.2	267.6	461.2	225.9	1,166.9	9.3
Return on Average Invested Capital – Operational (%)*	9.0	8.8	8.4	8.4	8.4	7.7	7.6	8.1	8.5	8.5	(1.2	)
Return on Average Common Equity – Operational (%)*	16.3	17.0	16.4	16.1	16.1	12.8	12.9	13.4	14.5	14.5	11.0
Net Margin – Operational (%)*	10.8	10.6	10.2	9.7	9.7	9.0	9.1	9.8	10.2	10.2	(4.9	)
Total Gross Liquidity ($ millions)	2,419	1,912	2,930	2,565	2,565	3,270	2,970	3,271	2,984	2,984	(14.0	)
Net Debt to Net Capital Ratio (%)	56.5	58.3	54.9	55.6	55.6	52.3	54.1	53.9	54.7	54.7	1.6
Net Debt Ratio Including Off-Balance Sheet Liabilities (%)	58.0	59.7	56.4	56.9	56.9	54.1	55.8	55.5	56.3	56.3	1.1

* Trailing twelve months. Totals may not foot due to rounding.

CONSOLIDATED ANNUAL FINANCIAL METRICS

	2008	2007	2006(a)	2005(a)	2004
GAAP MEASURES
As-Reported Earnings ($ millions)	1,221	1,135	1,133	898	910
Return on Average Invested Capital – As-Reported (%)	8.1	8.3	8.5	7.2	7.3
Return on Average Common Equity – As-Reported (%)	15.4	14.1	14.2	11.2	10.7
Net Margin – As-Reported (%)	9.3	9.9	10.4	8.9	9.4
Cash Flow Interest Coverage (# times)	6.5	5.0	7.2	4.0	7.1
Revolver Capacity ($ millions)	645	1,730	2,770	2,545	1,490
Total Debt ($ millions)	12,279	11,123	9,356	9,288	7,807
Debt to Capital Ratio (%)	59.7	57.6	52.3	53.1	47.4
Off-Balance Sheet Liabilities ($ millions)
Debt of Joint Ventures – Entergy’s Share	125	135	146	214	173
Leases – Entergy’s Share	449	523	519	564	596
Total	574	658	665	778	769
NON-GAAP MEASURES
Operational Earnings ($ millions)	1,276	1,167	998	943	880
Return on Average Invested Capital – Operational (%)	8.4	8.5	7.7	7.5	7.1
Return on Average Common Equity – Operational (%)	16.1	14.5	12.5	11.8	10.4
Net Margin – Operational (%)	9.7	10.2	9.1	9.3	9.1
Total Gross Liquidity ($ millions)	2,565	2,984	3,786	3,128	2,110
Net Debt to Net Capital Ratio (%)	55.6	54.7	49.4	51.5	45.3
Net Debt Ratio Including Off-Balance Sheet Liabilities (%)	56.9	56.3	51.3	53.7	47.9

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Page 8

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION

	2008										2007									YTD CHANGE
($/share)	1Q		2Q		3Q		4Q		YTD		1Q		2Q	3Q		4Q		YTD
AS-REPORTED
Utility/Parent/Other	0.48		0.62		1.47		(0.38	)	2.22		0.44		0.59	1.52		0.12		2.67		(0.45	)
Competitive Businesses
Entergy Nuclear	1.12		0.73		1.05		1.14		3.97		0.62		0.54	0.80		0.70		2.66		1.31
Energy Commodity Services
Non-Nuclear Wholesale Assets	(0.04	)	0.02		(0.11	)	0.13		0.01		(0.03	)	0.19	(0.02	)	0.14		0.27		(0.26	)
Total Energy Commodity Services	(0.04	)	0.02		(0.11	)	0.13		0.01		(0.03	)	0.19	(0.02	)	0.14		0.27		(0.26	)
Total Competitive Businesses	1.08		0.75		0.94		1.27		3.98		0.59		0.73	0.78		0.84		2.93		1.05
CONSOLIDATED AS-REPORTED EARNINGS	1.56		1.37		2.41		0.89		6.20		1.03		1.32	2.30		0.96		5.60		0.60
LESS SPECIAL ITEMS
Utility/Parent/Other	-		(0.09	)	(0.09	)	(0.05	)	(0.21	)	-		-	-		(0.07	)	(0.07	)	(0.14	)
Competitive Businesses
Entergy Nuclear	-		-		-		(0.04	)	(0.10	)	-		-	-		(0.09	)	(0.09	)	(0.01	)
Energy Commodity Services
Non-Nuclear Wholesale Assets	-		-		-		(0.01	)	-		-		-	-		-		-		-
Total Energy Commodity Services	-		-		-		(0.01	)	-		-		-	-		-		-		-
Total Competitive Businesses	-		-		-		(0.05	)	(0.10	)	-		-	-		(0.09	)	(0.09	)	(0.01	)
TOTAL SPECIAL ITEMS	-		(0.09	)	(0.09	)	(0.10	)	(0.31	)	-		-	-		(0.16	)	(0.16	)	(0.15	)
OPERATIONAL
Utility/Parent/Other	0.48		0.71		1.56		(0.33	)	2.43		0.44		0.59	1.52		0.19		2.74		(0.31	)
Competitive Businesses
Entergy Nuclear	1.12		0.73		1.05		1.18		4.07		0.62		0.54	0.80		0.79		2.75		1.32
Energy Commodity Services
Non-Nuclear Wholesale Assets	(0.04	)	0.02		(0.11	)	0.14		0.01		(0.03	)	0.19	(0.02	)	0.14		0.27		(0.26	)
Total Energy Commodity Services	(0.04	)	0.02		(0.11	)	0.14		0.01		(0.03	)	0.19	(0.02	)	0.14		0.27		(0.26	)
Total Competitive Businesses	1.08		0.75		0.94		1.32		4.08		0.59		0.73	0.78		0.93		3.02		1.06
CONSOLIDATED OPERATIONAL EARNINGS	1.56		1.46		2.50		0.99		6.51		1.03		1.32	2.30		1.12		5.76		0.75
Weather Impact	(0.03	)	0.05		(0.01	)	(0.03	)	(0.02	)	(0.02	)	0.01	0.06		0.06		0.11		(0.13	)
SHARES OF COMMON STOCK OUTSTANDING (in millions)
End of Period	191.9		190.5		189.9		189.4		189.4		197.8		196.1	194.3		193.1		193.1		(3.7	)
Weighted Average - Diluted	198.3		197.9		195.0		198.3		201.0		206.1		203.4	200.5		200.9		202.8		(1.8	)

Totals may not foot due to rounding and dilution effect of the unsuccessful remarketing of the equity units.

Page 9

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED QUARTERLY SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)

	2008									2007							YTD
($/share)	1Q	2Q		3Q		4Q		YTD		1Q	2Q	3Q	4Q		YTD		CHANGE
UTILITY/PARENT/OTHER
SPECIAL ITEMS
Dilution effect - unsuccessful remarketing	-	-		-		0.05		0.07		-	-	-	-		-		0.07
Non-utility nuclear spin-off expenses	-	(0.09	)	(0.09	)	(0.10	)	(0.28	)	-	-	-	-		-		(0.28	)
Nuclear alignment	-	-		-		-		-		-	-	-	(0.07	)	(0.07	)	0.07
Total	-	(0.09	)	(0.09	)	(0.05	)	(0.21	)	-	-	-	(0.07	)	(0.07	)	(0.14	)
COMPETITIVE BUSINESSES
SPECIAL ITEMS
Entergy Nuclear
Dilution effect - unsuccessful remarketing	-	-		-		(0.04	)	(0.10	)	-	-	-	-		-		(0.10	)
Nuclear alignment	-	-		-		-		-		-	-	-	(0.09	)	(0.09	)	0.09
Energy Commodity Services
Dilution effect - unsuccessful remarketing	-	-		-		(0.01	)	-		-	-	-	-		-		-
Total	-	-		-		(0.05	)	(0.10	)	-	-	-	(0.09	)	(0.09	)	(0.01	)
TOTAL SPECIAL ITEMS	-	(0.09	)	(0.09	)	(0.10	)	(0.31	)	-	-	-	(0.16	)	(0.16	)	(0.15	)
	2008									2007							YTD
($ millions)	1Q	2Q		3Q		4Q		YTD		1Q	2Q	3Q	4Q		YTD		CHANGE
UTILITY/PARENT/OTHER
SPECIAL ITEMS
Dilution effect - unsuccessful remarketing	-	-		-		-		-		-	-	-	-		-		-
Non-utility nuclear spin-off expenses	-	(18.3	)	(17.1	)	(20.0	)	(55.4	)	-	-	-	-		-		(55.4	)
Nuclear alignment	-	-		-		-		-		-	-	-	(13.6	)	(13.6	)	13.6
Total	-	(18.3	)	(17.1	)	(20.0	)	(55.4	)	-	-	-	(13.6	)	(13.6	)	(41.8	)
COMPETITIVE BUSINESSES
SPECIAL ITEMS
Entergy Nuclear
Dilution effect - unsuccessful remarketing	-	-		-		-		-		-	-	-	-		-		-
Nuclear alignment	-	-		-		-		-		-	-	-	(18.4	)	(18.4	)	18.4
Energy Commodity Services
Dilution effect - unsuccessful remarketing	-	-		-		-		-		-	-	-	-		-		-
Total	-	-		-		-		-		-	-	-	(18.4	)	(18.4	)	18.4
TOTAL SPECIAL ITEMS	-	(18.3	)	(17.1	)	(20.0	)	(55.4	)	-	-	-	(32.0	)	(32.0	)	(23.4	)

Totals may not foot due to rounding and dilution effect of the unsuccessful remarketing of the equity units.

Page 10

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION

($/share)	2008		2007		2006		2005		2004
AS-REPORTED
Utility/Parent/Other	2.22		2.67		3.97		2.82		2.86
Competitive Businesses
Entergy Nuclear	3.97		2.66		1.46		1.32		1.06
Energy Commodity Services
Non-Nuclear Wholesale Assets	0.01		0.27		(0.07	)	0.05		0.23
Entergy-Koch Trading	-		-		-		-		(0.35	)
Gulf South Pipeline	-		-		-		-		0.13
Total Energy Commodity Services	0.01		0.27		(0.07	)	0.05		0.01
Total Competitive Businesses	3.98		2.93		1.39		1.37		1.07
CONSOLIDATED AS-REPORTED EARNINGS	6.20		5.60		5.36		4.19		3.93
LESS SPECIAL ITEMS
Utility/Parent/Other	(0.21	)	(0.07	)	0.77		(0.21	)	0.07
Competitive Businesses
Entergy Nuclear	(0.10	)	(0.09	)	-		-		-
Energy Commodity Services
Non-Nuclear Wholesale Assets	-		-		(0.13	)	-		0.28
Entergy-Koch Trading	-		-		-		-		(0.35	)
Gulf South Pipeline	-		-		-		-		0.13
Total Energy Commodity Services	-		-		(0.13	)	-		0.06
Total Competitive Businesses	(0.10	)	(0.09	)	(0.13	)	-		0.06
TOTAL SPECIAL ITEMS	(0.31	)	(0.16	)	0.64		(0.21	)	0.13
OPERATIONAL
Utility/Parent/Other	2.43		2.74		3.20		3.03		2.79
Competitive Businesses
Entergy Nuclear	4.07		2.75		1.46		1.32		1.06
Energy Commodity Services
Non-Nuclear Wholesale Assets	0.01		0.27		0.06		0.05		(0.05	)
Entergy-Koch Trading	-		-		-		-		-
Gulf South Pipeline	-		-		-		-		-
Total Energy Commodity Services	0.01		0.27		0.06		0.05		(0.05	)
Total Competitive Businesses	4.08		3.02		1.52		1.37		1.01
CONSOLIDATED OPERATIONAL EARNINGS	6.51		5.76		4.72		4.40		3.80
Weather Impact	(0.02	)	0.11		0.07		0.10		(0.11	)

Page 11

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED ANNUAL SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)

($/share)	2008		2007		2006		2005		2004
UTILITY/PARENT/OTHER SPECIAL ITEMS
Dilution effect - unsuccessful remarketing	0.07		-		-		-		-
Non-utility nuclear spin-off expenses	(0.28	)	-		-		-		-
Nuclear alignment	-		(0.07	)	-		-		-
ENOI results	-		-		0.02		-		-
Entergy-Koch, LP gain	-		-		0.26		-		-
Restructuring - Entergy-Koch, LP distribution	-		-		0.49		-		-
Retail business impairment reserve	-		-		-		(0.12	)	-
Retail business discontinued operations	-		-		-		(0.09	)	-
Tax benefits - Entergy-Koch investment	-		-		-		-		0.07
Total	(0.21	)	(0.07	)	0.77		(0.21	)	0.07
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Dilution effect - unsuccessful remarketing	(0.10	)	-		-		-		-
Nuclear alignment	-		(0.09	)	-		-		-
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	-		-		(0.13	)	-		-
Entergy-Koch Trading earnings	-		-		-		-		(0.35	)
Gulf South Pipeline earnings	-		-		-		-		0.13
Tax benefits on restructuring	-		-		-		-		0.41
Asset impairment reserve	-		-		-		-		(0.15	)
Reduction in asset sale reserves	-		-		-		-		0.02
Total	(0.10	)	(0.09	)	(0.13	)	-		0.06
TOTAL SPECIAL ITEMS	(0.31	)	(0.16	)	0.64		(0.21	)	0.13
($ millions)	2008		2007		2006		2005		2004
UTILITY/PARENT/OTHER SPECIAL ITEMS
Non-utility nuclear spin-off expenses	(55.4	)	-		-		-		-
Nuclear alignment	-		(13.6	)	-		-		-
ENOI results	-		-		4.1		-		-
Entergy-Koch, LP gain	-		-		55.0		-		-
Restructuring - Entergy-Koch, LP distribution	-		-		104.0		-		-
Retail business impairment reserve	-		-		-		(25.8	)	-
Retail business discontinued operations	-		-		(0.5	)	(18.9	)	-
Tax benefits - Entergy-Koch investment	-		-		-		-		16.7
Total	(55.4	)	(13.6	)	162.6		(44.7	)	16.7
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Nuclear alignment	-		(18.4	)	-		-		-
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	-		-		(27.7	)	-		-
Entergy-Koch Trading earnings	-		-		-		-		(79.4	)
Gulf South Pipeline earnings	-		-		-		-		29.3
Tax benefits on restructuring	-		-		-		-		93.6
Asset impairment reserve	-		-		-		-		(35.8	)
Reduction in asset sale reserves	-		-		-		-		5.6
Total	-		(18.4	)	(27.7	)	-		13.3
TOTAL SPECIAL ITEMS	(55.4	)	(32.0	)	134.9		(44.7	)	30.0

Page 12

FINANCIAL RESULTS

DESCRIPTION OF ENTERGY CORPORATION CONSOLIDATED SPECIAL ITEMS

	MAIN EARNINGS CATEGORY
UTILITY/PARENT/OTHER SPECIAL ITEMS
Dilution effect – unsuccessful remarketing(a)	Diluted earnings per share
Non-utility nuclear spin-off expenses	Operating expenses: Other operation and maintenance
Nuclear alignment	Operating expenses: Other operation and maintenance
ENOI results	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Entergy-Koch, LP gain	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Restructuring – Entergy-Koch, LP distribution	Income taxes
Retail business impairment reserve	Discontinued operations
Retail business discontinued operations	Discontinued operations
Tax benefits – Entergy-Koch investment	Income taxes
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Dilution effect – unsuccessful remarketing(a)	Diluted earnings per share
Nuclear alignment	Operating expenses: Other operation and maintenance
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	Income taxes
Entergy-Koch Trading earnings	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Gulf South Pipeline earnings	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Tax benefits on restructuring	Income taxes
Asset impairment reserve	Operating expenses: Provision for turbine commitments, asset impairments and restructuring charges
Reduction in asset sale reserves	Operating expenses: Provision for turbine commitments, asset impairments and restructuring charges

(a) Entergy had 10,000,000 equity units outstanding as of December 31, 2008, that obligated the holders to purchase a certain number of shares of Entergy common stock for a stated price no later than February 17, 2009. Under the terms of the purchase contracts, Entergy attempted to remarket the notes payable associated with the equity units in February 2009 but was unsuccessful, the note holders put the notes to Entergy, Entergy retired the notes, and Entergy issued 6,598,000 shares of common stock in the settlement of the purchase contracts.

Page 13

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF INCOME

In thousands, except share data, for the years ended December 31,	2008		2007		2006(a)		2005(a)		2004
OPERATING REVENUES:
Electric	$10,073,160		$  9,046,301		$  9,063,135		$  8,446,830		$  7,932,577
Natural gas	241,856		206,073		84,230		77,660		208,499
Competitive businesses	2,778,740		2,232,024		1,784,793		1,581,757		1,544,445
Total	13,093,756		11,484,398		10,932,158		10,106,247		9,685,521
OPERATING EXPENSES:
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	3,577,764		2,934,833		3,144,073		2,176,015		2,488,208
Purchased power	2,491,200		1,986,950		2,138,237		2,521,247		1,701,610
Nuclear refueling outage expenses	221,759		180,971		169,567		162,653		166,072
Provision for turbine commitments, asset impairments, and restructuring charges	-		-		-		-		55,000
Other operation and maintenance	2,742,762		2,649,654		2,335,364		2,122,206		2,268,332
Decommissioning	189,409		167,898		145,884		143,121		149,529
Taxes other than income taxes	496,952		489,058		428,561		382,521		403,635
Depreciation and amortization	1,030,860		963,712		887,792		856,377		893,574
Other regulatory charges (credits) – net	59,883		54,954		(122,680	)	(49,882	)	(90,611	)
Total	10,810,589		9,428,030		9,126,798		8,314,258		8,035,349
OPERATING INCOME	2,283,167		2,056,368		1,805,360		1,791,989		1,650,172
OTHER INCOME:
Allowance for equity funds used during construction	44,523		42,742		39,894		45,736		39,582
Interest and dividend income	148,216		233,997		198,835		150,479		109,635
Equity in earnings (loss) of unconsolidated equity affiliates	(11,684	)	3,176		93,744		985		(78,727	)
Miscellaneous – net	(11,768	)	(24,860	)	16,114		14,251		55,509
Total	169,287		255,055		348,587		211,451		125,999
INTEREST AND OTHER CHARGES:
Interest on long-term debt	500,898		506,089		498,451		440,334		463,384
Other interest – net	133,290		155,995		75,502		64,646		40,133
Allowance for borrowed funds used during construction	(25,267	)	(25,032	)	(23,931	)	(29,376	)	(25,741	)
Preferred dividend requirements and other	19,969		25,105		27,783		25,427		23,525
Total	628,890		662,157		577,805		501,031		501,301
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,823,564		1,649,266		1,576,142		1,502,409		1,274,870
Income taxes	602,998		514,417		443,044		559,284		365,305
INCOME FROM CONTINUING OPERATIONS	1,220,566		1,134,849		1,133,098		943,125		909,565
LOSS FROM DISCONTINUED OPERATIONS
(net of income tax expense (benefit) of $67, $(24,051), and $603, respectively)	-		-		(496	)	(44,794	)	(41	)
CONSOLIDATED NET INCOME	$  1,220,566		$  1,134,849		$  1,132,602		$     898,331		$  909,524
Basic earnings (loss) per average common share:
Continuing operations	$6.39		$5.77		$5.46		$4.49		$4.01
Discontinued operations	-		-		-		$(0.21)		-
Basic earnings (loss) per average common share	$6.39		$5.77		$5.46		$4.27		$4.01
Diluted earnings (loss) per average common share:
Continuing operations	$6.20		$5.60		$5.36		$4.40		$3.93
Discontinued operations	-		-		-		$(0.21)		-
Diluted earnings (loss) per average common share	$6.20		$5.60		$5.36		$4.19		$3.93
Dividends declared per common share	$3.00		$2.58		$2.16		$2.16		$1.89
Average number of common shares outstanding:
Basic	190,925,613		196,572,945		207,456,838		210,141,887		226,863,758
Diluted	201,011,588		202,780,283		211,452,455		214,441,362		231,193,686

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

Page 14

FINANCIAL RESULTS

2008 CONSOLIDATING INCOME STATEMENT (unaudited)

In thousands, except share data, for the year ended December 31, 2008.	UTILITY/ PARENT/ OTHER		COMPETITIVE BUSINESSES		ELIMINATIONS		CONSOLIDATED
OPERATING REVENUES:
Electric	$10,076,774		$                  -		$     (3,614	)	$10,073,160
Natural gas	241,856		-		-		241,856
Competitive businesses	29,011		2,771,082		(21,353	)	2,778,740
Total	10,347,641		2,771,082		(24,967	)	13,093,756
OPERATING EXPENSES:
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	3,212,404		365,360		-		3,577,764
Purchased power	2,457,741		57,008		(23,549	)	2,491,200
Nuclear refueling outage expenses	92,221		129,538		-		221,759
Other operation and maintenance	1,929,781		814,855		(1,874	)	2,742,762
Decommissioning	95,821		93,588		-		189,409
Taxes other than income taxes	405,677		91,275		-		496,952
Depreciation and amortization	896,632		134,228		-		1,030,860
Other regulatory charges - net	59,883		-		-		59,883
Total	9,150,160		1,685,852		(25,423	)	10,810,589
OPERATING INCOME	1,197,481		1,085,230		456		2,283,167
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction	44,523		-		-		44,523
Interest and dividend income	156,293		105,032		(113,109	)	148,216
Equity in earnings (loss) of unconsolidated equity affiliates	(2,161	)	(9,523	)	-		(11,684	)
Miscellaneous – net	(14,048	)	2,736		(456	)	(11,768	)
Total	184,607		98,245		(113,565	)	169,287
INTEREST AND OTHER CHARGES:
Interest on long-term debt	499,679		1,219		-		500,898
Other interest – net	176,375		70,024		(113,109	)	133,290
Allowance for borrowed funds used during construction	(25,267	)	-		-		(25,267	)
Preferred dividend requirements and other	17,307		2,662		-		19,969
Total	668,094		73,905		(113,109	)	628,890
INCOME BEFORE INCOME TAXES	713,994		1,109,570		-		1,823,564
Income taxes	291,994		311,004		-		602,998
CONSOLIDATED NET INCOME	$      422,000		$    798,566		$               -		$  1,220,566
Earnings Per Average Common Share:
Basic	$2.21		$4.18		$               -		$6.39
Diluted	$2.22		$3.98		$               -		$6.20

Totals may not foot due to rounding.

Page 15

FINANCIAL RESULTS

CONSOLIDATED BALANCE SHEETS

In thousands, as of December 31,	2008		2007		2006(a)		2005(a)		2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$     115,876		$      126,652		$      117,379		$      221,773		$        79,136
Temporary cash investments – at cost, which approximates market	1,804,615		1,127,076		898,773		361,047		540,650
Total cash and cash equivalents	1,920,491		1,253,728		1,016,152		582,820		619,786
Securitization recovery trust account	12,062		19,273		-		-		-
Other temporary investments	-		-		-		-		187,950
Notes receivable – Entergy New Orleans DIP loan	-		-		51,934		90,000		-
Notes receivable	-		-		699		3,227		3,092
Accounts receivable:
Customer	734,204		610,724		552,376		763,993		565,027
Allowance for doubtful accounts	(25,610	)	(25,789	)	(19,348	)	(30,805	)	(23,758	)
Other	206,627		303,060		345,400		324,876		212,453
Accrued unbilled revenues	282,914		288,076		249,165		477,570		460,039
Total accounts receivable	1,198,135		1,176,071		1,127,593		1,535,634		1,213,761
Deferred fuel costs	167,092		-		-		543,927		55,069
Accumulated deferred income taxes	7,307		38,117		11,680		-		76,899
Fuel inventory – at average cost	216,145		208,584		193,098		206,195		127,251
Materials and supplies – at average cost	776,170		692,376		604,998		610,932		569,407
Deferred nuclear refueling outage costs	221,803		172,936		147,521		164,152		129,718
System agreement cost equalization	394,000		268,000		-		-		-
Prepayments and other	247,184		129,162		171,759		325,795		116,279
Total	5,160,389		3,958,247		3,325,434		4,062,682		3,099,212
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity	66,247		78,992		229,089		296,784		231,779
Decommissioning trust funds	2,832,243		3,307,636		2,858,523		2,606,765		2,453,406
Non-utility property – at cost (less accumulated depreciation)	231,115		220,204		212,726		228,833		219,717
Other	107,939		82,563		47,115		81,535		90,992
Total	3,237,544		3,689,395		3,347,453		3,213,917		2,995,894
PROPERTY, PLANT AND EQUIPMENT:
Electric	34,495,406		32,959,022		30,713,284		29,161,027		29,053,340
Property under capital lease	745,504		740,095		730,182		727,565		738,554
Natural gas	303,769		300,767		92,787		86,794		262,787
Construction work in progress	1,712,761		1,054,833		786,147		1,524,085		1,197,551
Nuclear fuel under capital lease	465,374		361,502		336,017		271,615		262,469
Nuclear fuel	636,813		665,620		494,759		436,646		320,813
Total property, plant and equipment	38,359,627		36,081,839		33,153,176		32,207,732		31,835,514
Less – accumulated depreciation and amortization	15,930,513		15,107,569		13,715,099		13,010,687		13,139,883
Property, plant and equipment – net	22,429,114		20,974,270		19,438,077		19,197,045		18,695,631
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net	581,719		595,743		740,110		735,221		746,413
Other regulatory assets	3,615,104		2,971,399		2,768,352		2,133,724		1,429,261
Deferred fuel costs	168,122		168,122		168,122		120,489		30,842
Long-term receivables	-		-		19,349		25,572		39,417
Goodwill	377,172		377,172		377,172		377,172		377,172
Other	1,047,654		908,654		898,662		991,835		918,871
Total	5,789,771		5,021,090		4,971,767		4,384,013		3,541,976
TOTAL ASSETS	$36,616,818		$33,643,002		$31,082,731		$30,857,657		$28,332,713

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

Page 16

FINANCIAL RESULTS

CONSOLIDATED BALANCE SHEETS

In thousands, as of December 31,	2008		2007	2006(a)		2005(a)		2004
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$     544,460		$     996,757	$     181,576		$     103,517		$     492,564
Notes payable	55,034		25,037	25,039		40,041		193
Accounts payable	1,475,745		1,031,300	1,122,596		1,655,787		896,528
Customer deposits	302,303		291,171	248,031		222,206		222,320
Taxes accrued	75,210		-	187,324		188,159		224,011
Accumulated deferred income taxes	-		-	-		143,409		-
Interest accrued	187,310		187,968	160,831		154,855		144,478
Deferred fuel costs	183,539		54,947	73,031		-		-
Obligations under capital leases	162,393		152,615	153,246		130,882		133,847
Pension and other postretirement liabilities	46,288		34,795	41,912		-		-
System agreement cost equalization	460,315		268,000	-		-		-
Other	273,297		214,164	271,544		473,510		218,442
Total	3,765,894		3,256,754	2,465,130		3,112,366		2,332,383
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued	6,565,770		6,379,679	5,820,700		5,282,759		5,070,912
Accumulated deferred investment tax credits	325,570		343,539	358,550		376,550		399,228
Obligations under capital leases	343,093		220,438	188,033		175,005		146,060
Other regulatory liabilities	280,643		490,323	449,237		408,667		329,767
Decommissioning and asset retirement cost liabilities	2,677,495		2,489,061	2,023,846		1,923,971		2,066,277
Transition to competition	-		-	79,098		79,101		79,101
Accumulated provisions	147,452		133,406	88,902		144,880		549,914
Pension and other postretirement liabilities	2,177,993		1,361,326	1,410,433		1,118,964		-
Long-term debt	11,174,289		9,728,135	8,798,087		8,824,493		7,016,831
Preferred stock with sinking fund	-		-	10,500		13,950		17,400
Other	880,998		1,066,508	847,415		1,202,706		1,657,273
Total	24,573,303		22,212,415	20,074,801		19,551,046		17,332,763
Commitments and Contingencies
Preferred stock without sinking fund	311,029		311,162	344,913		445,974		365,356
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2008, 2007, 2006, 2005 and 2004	2,482		2,482	2,482		2,482		2,482
Paid-in capital	4,869,303		4,850,769	4,827,265		4,817,637		4,835,375
Retained earnings	7,382,719		6,735,965	6,113,042		5,433,931		4,989,826
Accumulated other comprehensive income (loss)	(112,698	)	8,320	(100,512	)	(343,819	)	(93,453	)
Less – treasury stock, at cost (58,815,518 shares in 2008; 55,053,847 shares in 2007; 45,506,311 shares in 2006; 40,644,602 shares in 2005; 31,345,028 shares in 2004)	4,175,214		3,734,865	2,644,390		2,161,960		1,432,019
Total	7,966,592		7,862,671	8,197,887		7,748,271		8,302,211
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$36,616,818		$33,643,002	$31,082,731		$30,857,657		$28,332,713

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

Page 17

FINANCIAL RESULTS

2008 CONSOLIDATING BALANCE SHEET (unaudited)

In thousands, as of December 31, 2008.	UTILITY/ PARENT/ OTHER		COMPETITIVE BUSINESSES		ELIMINATIONS		CONSOLIDATED
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$      110,203		$        5,673		$                  -		$      115,876
Temporary cash investments – at cost, which approximates market	1,355,498		449,117		-		1,804,615
Total cash and cash equivalents	1,465,701		454,790		-		1,920,491
Securitization recovery trust account	12,062		-		-		12,062
Notes receivable	99,330		1,333,123		(1,432,453	)	-
Accounts receivable:
Customer	523,348		210,856		-		734,204
Allowance for doubtful accounts	(25,610	)	-		-		(25,610	)
Associated companies	139,912		84,341		(224,253	)	-
Other	179,207		27,420		-		206,627
Accrued unbilled revenues	282,914		-		-		282,914
Total accounts receivable	1,099,771		322,617		(224,253	)	1,198,135
Deferred fuel costs	167,092		-		-		167,092
Accumulated deferred income taxes	7,307		-		-		7,307
Fuel inventory – at average cost	213,313		2,832		-		216,145
Materials and supplies – at average cost	505,720		270,450		-		776,170
Deferred nuclear refueling outage costs	106,514		115,289		-		221,803
System agreement cost equalization	394,000		-		-		394,000
Prepayments and other	106,044		144,200		(3,060	)	247,184
Total	4,176,854		2,643,301		(1,659,766	)	5,160,389
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity	7,354,792		(296,465	)	(6,992,080	)	66,247
Decommissioning trust funds	1,143,391		1,688,852		-		2,832,243
Non-utility property – at cost (less accumulated depreciation)	226,333		4,782		-		231,115
Other	103,308		10,019		(5,388	)	107,939
Total	8,827,824		1,407,188		(6,997,468	)	3,237,544
PROPERTY, PLANT AND EQUIPMENT:
Electric	30,878,491		3,616,915		-		34,495,406
Property under capital lease	745,504		-		-		745,504
Natural gas	303,769		-		-		303,769
Construction work in progress	1,458,181		254,580		-		1,712,761
Nuclear fuel under capital lease	465,374		-		-		465,374
Nuclear fuel	130,675		506,138		-		636,813
Total property, plant and equipment	33,981,994		4,377,633		-		38,359,627
Less – accumulated depreciation and amortization	15,365,659		564,854		-		15,930,513
Property, plant and equipment – net	18,616,335		3,812,779		-		22,429,114
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net	581,719		-		-		581,719
Other regulatory assets	3,615,104		-		-		3,615,104
Deferred fuel costs	168,122		-		-		168,122
Goodwill	374,099		3,073		-		377,172
Other	744,499		868,454		(565,299	)	1,047,654
Total	5,483,543		871,527		(565,299	)	5,789,771
TOTAL ASSETS	$  37,104,556		$  8,734,795		$  (9,222,533	)	$  36,616,818

Totals may not foot due to rounding.

Page 18

FINANCIAL RESULTS

2008 CONSOLIDATING BALANCE SHEET (unaudited)

In thousands, as of December 31, 2008.	UTILITY/ PARENT/ OTHER		COMPETITIVE BUSINESSES		ELIMINATIONS		CONSOLIDATED
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$      514,911		$      29,549		$                  -		$     544,460
Notes payable:
Associated companies	1,341,198		91,255		(1,432,453	)	-
Other	55,034		-		-		55,034
Accounts payable:
Associated companies	97,530		126,413		(223,943	)	-
Other	1,222,415		253,330		-		1,475,745
Customer deposits	302,303		-		-		302,303
Taxes accrued	175,920		(100,710	)	-		75,210
Interest accrued	185,778		1,532		-		187,310
Deferred fuel costs	183,539		-		-		183,539
Obligations under capital leases	162,393		-		-		162,393
Pension and other postretirement liabilities	41,653		4,635		-		46,288
System agreement cost equalization	460,315		-		-		460,315
Other	146,808		129,549		(3,060	)	273,297
Total	4,889,797		535,553		(1,659,456	)	3,765,894
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued	5,718,488		847,282		-		6,565,770
Accumulated deferred investment tax credits	325,570		-		-		325,570
Obligations under capital leases	343,093		-		-		343,093
Other regulatory liabilities	280,643		-		-		280,643
Decommissioning and asset retirement cost liabilities	1,447,659		1,229,836		-		2,677,495
Accumulated provisions	136,449		11,003		-		147,452
Pension and other postretirement liabilities	1,731,824		446,169		-		2,177,993
Long-term debt	10,991,204		188,473		(5,388	)	11,174,289
Other	735,252		720,223		(574,477	)	880,998
Total	21,710,182		3,442,986		(579,865	)	24,573,303
Commitments and Contingencies
Preferred stock without sinking fund	280,511		82,280		(51,762	)	311,029
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2008	2,163,749		911,494		(3,072,761	)	2,482
Paid-in capital	6,979,623		2,138,165		(4,248,485	)	4,869,303
Retained earnings	5,494,812		1,631,437		256,470		7,382,719
Accumulated other comprehensive income (loss)	(118,904	)	5,580		626		(112,698	)
Less – treasury stock, at cost 58,815,518 shares in 2008	4,295,214		12,700		(132,700	)	4,175,214
Total	10,224,066		4,673,976		(6,931,450	)	7,966,592
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$37,104,556		$  8,734,795		$  (9,222,533	)	$36,616,818

Totals may not foot due to rounding.

Page 19

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF CASH FLOW

In thousands, for the years ended December 31,	2008		2007		2006(a)		2005(a)		2004
OPERATING ACTIVITIES:
Consolidated net income	$  1,220,566		$  1,134,849		$  1,132,602		$  898,331		$  909,524
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments	(8,285	)	(15,574	)	36,352		(82,033	)	33,533
Other regulatory charges (credits) – net	59,883		54,954		(122,680	)	(49,882	)	(90,611	)
Depreciation, amortization, and decommissioning	1,220,269		1,131,610		1,035,153		1,001,852		1,045,122
Deferred income taxes, investment tax credits, and non-current taxes accrued	333,948		476,241		738,643		487,804		352,094
Equity in earnings (loss) of unconsolidated equity affiliates – net of dividends	11,684		(3,176	)	4,436		4,315		608,141
Provisions for asset impairments and restructuring charges	-		-		-		39,767		55,000
Changes in working capital:
Receivables	78,653		(62,646	)	408,042		(367,351	)	(210,419	)
Fuel inventory	(7,561	)	(10,445	)	13,097		(83,125	)	(16,769	)
Accounts payable	(23,225	)	(103,048	)	(83,884	)	303,194		95,306
Taxes accrued	75,210		(187,324	)	(835	)	(33,306	)	(1,581	)
Interest accrued	(652	)	11,785		5,975		15,133		5,269
Deferred fuel	(38,500	)	912		582,947		(236,801	)	213,627
Other working capital accounts	(72,372	)	(73,269	)	64,479		(45,653	)	41,008
Provision for estimated losses and reserves	12,462		(59,292	)	39,822		(3,704	)	(18,041	)
Changes in other regulatory assets	(324,211	)	254,736		(454,458	)	(311,934	)	48,626
Changes in pensions and other postretirement liabilities	828,160		(56,224	)	333,381		-		-
Other	(41,701	)	65,681		(285,233	)	(68,799	)	(140,510	)
Net cash flow provided by operating activities	3,324,328		2,559,770		3,447,839		1,467,808		2,929,319
INVESTING ACTIVITIES:
Construction/capital expenditures	(2,212,255	)	(1,578,030	)	(1,633,268	)	(1,458,086	)	(1,410,610	)
Allowance for equity funds used during construction	44,523		42,742		39,894		45,736		39,582
Nuclear fuel purchases	(423,951	)	(408,732	)	(326,248	)	(314,414	)	(238,170	)
Proceeds from sale/leaseback of nuclear fuel	297,097		169,066		135,190		184,403		109,988
Proceeds from sale of assets and businesses	30,725		13,063		77,159		-		75,430
Payment for purchase of plant	(266,823	)	(336,211	)	(88,199	)	(162,075	)	-
Insurance proceeds received for property damages	130,114		83,104		18,828		-		-
Investment in non-utility properties	-		-		-	��	-		(6,420	)
Changes in transition charge account	7,211		(19,273	)	-		-		-
NYPA value sharing payment	(72,000	)	-		-		-		-
Decrease (increase) in other investments	(72,833	)	41,720		(6,353	)	9,905		383,498
Purchases of other temporary investments	-		-		-		(1,591,025	)	(1,629,500	)
Liquidation of other temporary investments	-		-		-		1,778,975		1,676,350
Proceeds from nuclear decommissioning trust fund sales	1,652,277		1,583,584		777,584		944,253		679,466
Investment in nuclear decommissioning trust funds	(1,704,181	)	(1,708,764	)	(884,123	)	(1,039,824	)	(769,273	)
Other regulatory investments	-		-		(38,037	)	(390,456	)	(53,566	)
Net cash flow used in investing activities	(2,590,096	)	(2,117,731	)	(1,927,573	)	(1,992,608	)	(1,143,225	)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt	3,456,695		2,866,136		1,837,713		4,302,570		3,653,478
Preferred equity	-		10,000		73,354		127,995		-
Common stock and treasury stock	34,775		78,830		70,455		106,068		170,237
Retirement of long-term debt	(2,486,806	)	(1,369,945	)	(1,804,373	)	(2,689,206	)	(4,022,548	)
Repurchase of common stock	(512,351	)	(1,215,578	)	(584,193	)	(878,188	)	(1,017,996	)
Redemption of preferred stock	-		(57,827	)	(183,881	)	(33,719	)	(3,450	)
Changes in credit line borrowings – net	30,000		-		(15,000	)	39,850		(154	)
Dividends paid:
Common stock	(573,045	)	(507,327	)	(448,954	)	(453,508	)	(427,901	)
Preferred equity	(20,025	)	(25,875	)	(28,848	)	(25,472	)	(23,525	)
Net cash flow provided by (used in) financing activities	(70,757	)	(221,586	)	(1,083,727	)	496,390		(1,671,859	)
Effect of exchange rates on cash and cash equivalents	3,288		30		(3,207	)	(602	)	(1,882	)
Net increase (decrease) in cash and cash equivalents	666,763		220,483		433,332		(29,012	)	112,353
Cash and cash equivalents at beginning of period	1,253,728		1,016,152		582,820		619,786		507,433
Effect of the reconsolidation of Entergy New Orleans on cash and cash equivalents	-		17,093		-		-		-
Effect of the deconsolidation of Entergy New Orleans on cash and cash equivalents	-		-		-		(7,954	)	-
Cash and cash equivalents at end of period	$  1,920,491		$  1,253,728		$  1,016,152		$  582,820		$  619,786

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

Page 20

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF CASH FLOW

In thousands, for the years ended December 31,	2008		2007		2006(a)			2005(a)		2004
SUPPLEMENTAL DISCLOSURE OF
CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized	$	612,288	$	611,197	$	514,189		$	461,345	$	477,768
Income taxes	$	137,234	$	376,808	$	(147,435	)	$	116,072	$	28,241

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

CASH FLOW INFORMATION BY BUSINESS

For the years ended December 31, 2008, 2007, 2006, 2005, and 2004.	UTILITY/ PARENT/ OTHER		ENTERGY NUCLEAR		ENERGY COMMODITY SERVICES		CONSOLIDATED
($ thousands)
2008
Net cash flow provided by operating activities	2,050,984		1,255,284		18,060		3,324,328
Net cash flow provided by (used in) investing activities	(2,197,024	)	(471,590	)	78,518		(2,590,096	)
Net cash flow provided by (used in) financing activities	811,567		(799,861	)	(82,463	)	(70,757	)
2007
Net cash flow provided by (used in) operating activities	1,721,098		879,940		(41,268	)	2,559,770
Net cash flow provided by (used in) investing activities	(1,273,575	)	(883,397	)	39,241		(2,117,731	)
Net cash flow provided by (used in) financing activities	(260,080	)	47,705		(9,211	)	(221,586	)
2006(a)
Net cash flow provided by (used in) operating activities	2,708,871		833,318		(94,350	)	3,447,839
Net cash flow provided by (used in) investing activities	(1,487,005	)	(450,219	)	9,651		(1,927,573	)
Net cash flow provided by (used in) financing activities	(959,555	)	(211,544	)	87,372		(1,083,727	)
2005(a)
Net cash flow provided by (used in) operating activities	934,562		551,263		(18,017	)	1,467,808
Net cash flow provided by (used in) investing activities	(1,673,600	)	(368,497	)	49,489		(1,992,608	)
Net cash flow provided by (used in) financing activities	640,489		(110,482	)	(33,617	)	496,390
2004
Net cash flow provided by operating activities	2,034,882		414,518		479,919		2,929,319
Net cash flow provided by (used in) investing activities	(1,005,814	)	(386,023	)	248,612		(1,143,225	)
Net cash flow used in financing activities	(909,431	)	(37,894	)	(724,534	)	(1,671,859	)

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

Page 21

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME, AND PAID–IN CAPITAL

In thousands, for the years ended December 31,	2008						2007						2006						2005						2004
RETAINED EARNINGS
Retained Earnings – Beginning of period	$	6,735,965					$	6,113,042					$	5,433,931					$	4,989,826					$	4,502,508
Add:
Consolidated net income		1,220,566		$	1,220,566			1,134,849		$	1,134,849			1,132,602		$	1,132,602			898,331		$	898,331			909,524		$	909,524
Adjustment related to FIN 48 implementation								(4,600	)
Adjustment for change in accounting method		-						-						-						-						5,524
Total		1,220,566						1,130,249						1,132,602						898,331						915,048
Deduct:
Dividends declared on common stock		573,924						507,326						448,572						453,657						427,740
Capital stock and other expenses		(112	)					-						4,919						569						(10	)
Total		573,812						507,326						453,491						454,226						427,730
Retained Earnings – End of period	$	7,382,719					$	6,735,965					$	6,113,042					$	5,433,931					$	4,989,826
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Balance at beginning of period:
Accumulated derivative instrument fair value changes	$	(12,540	)				$	(105,578	)				$	(392,614	)				$	(141,411	)				$	(25,811	)
Pension and other postretirement liabilities		(107,145	)					(105,909	)					-						-						-
Net unrealized investment gains		121,611						104,551						67,923						51,915						26,617
Foreign currency translation		6,394						6,424						3,217						2,615						733
Minimum pension liability		-						-						(22,345	)					(6,572	)					(9,334	)
Total		8,320						(100,512	)					(343,819	)					(93,453	)					(7,795	)
Net derivative instrument fair value changes arising during the period (net of tax expense (benefit) of $78,837, $57,185, $187,462, $(159,236), and $(74,082))		133,370			133,370			93,038			93,038			287,036			287,036			(251,203	)		(251,203	)		(115,600	)		(115,600	)
Pension and other postretirement liabilities (net of tax expense (benefit) of $(68,076), $29,994, $(92,419), $0, and $0)		(125,087	)		(125,087	)		(1,236	)		(1,236	)		(75,805	)		-			-			-			-			-
Net unrealized investment gains (net of tax expense (benefit) of $(108,049), $23,562, $28,428, $10,573 and $16,599)		(126,013	)		(126,013	)		17,060			17,060			36,628			36,628			16,008			16,008			25,298			25,298
Foreign currency translation (net of tax expense (benefit) of $(1,770), $(16), $1,122, $211, and $659)		(3,288	)		(3,288	)		(30	)		(30	)		3,207			3,207			602			602			1,882			1,882
Minimum pension liability (net of tax expense (benefit) of $0, $0, $(5,911), $(9,176), and $1,875)		-			-			-			-			(7,759	)		(7,759	)		(15,773	)		(15,773	)		2,762			2,762
Balance at end of period:
Accumulated derivative instrument fair value changes		120,830						(12,540	)					(105,578	)					(392,614	)					(141,411	)
Pension and other postretirement liabilities		(232,232	)					(107,145	)					(105,909	)					-						-
Net unrealized investment gains		(4,402	)					121,611						104,551						67,923						51,915
Foreign currency translation		3,106						6,394						6,424						3,217						2,615
Minimum pension liability		-						-						-						(22,345	)					(6,572	)
Total	$	(112,698	)				$	8,320					$	(100,512	)				$	(343,819	)				$	(93,453	)
Comprehensive Income				$	1,099,548					$	1,243,681					$	1,451,714					$	647,965					$	823,866
PAID-IN CAPITAL
Paid-in Capital – Beginning of period	$	4,850,769					$	4,827,265					$	4,817,637					$	4,835,375					$	4,767,615
Add (Deduct):
Issuance of equity units		-						-						-						(39,904	)					-
Common stock issuances related to stock plans		18,534						23,504						9,628						22,166						67,760
Paid-in Capital – End of period	$	4,869,303					$	4,850,769					$	4,827,265					$	4,817,637					$	4,835,375

Certain prior year data has been reclassified to conform with current year presentation.

Page 22

CONSOLIDATED CAPITAL EXPENDITURES

HISTORICAL CAPITAL EXPENDITURES

($ millions)	2008	2007	2006	2005	2004
Utility/Parent/Other
Entergy New Orleans	103	94	76	58	51
All others	2,101	1,225	1,398	1,458	1,115
Entergy Nuclear	344	595	303	161	243
Energy Commodity Services	3	-	21	1	8
Total Historical Capital Expenditures	2,551	1,914	1,798	1,678	1,417

Certain prior year data has been reclassified to conform with current year presentation.

PLANNED CAPITAL EXPENDITURES

($ millions)	2009	2010	2011
Maintenance Capital:
Utility/Parent/Other	746	723	721
Entergy Nuclear	90	84	94
Total Maintenance Capital	836	807	815
Other Capital Commitments:
Utility/Parent/Other	806	993	1,074
Entergy Nuclear	357	277	262
Total Other Capital Commitments	1,163	1,270	1,336
Total Planned Capital Expenditures	1,999	2,077	2,151

The three year capital plan included $1.1 billion for the Little Gypsy repowering project for which the LPSC unanimously accepted on 5/13/09 Entergy Louisiana’s recommendation for long-term suspension (three years or more). Spending through December 31, 2008 was reported at $135 million. $300 million is the total projected spending for long-term suspension.

ENTERGY CORPORATION SECURITIES DETAIL

ENTERGY CORPORATION LONG-TERM DEBT		RATE	MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE
						AS OF DECEMBER 31,
CUSIP						2008	2007	2006
							($ millions)
	$3.5B Bank Credit Facility		08/12			3,237	2,251	820
	Bank Term Loan	1.07%	06/10			60	60	60
	Bank Term Loan	3.08%	11/08			-	-	35
29364GA*4	6.17% Notes	6.17%	03/08	Now	MW (T+.50%)	-	72	72
29364GB*3	6.23% Notes	6.23%	03/08	Now	MW (T+.50%)	-	15	15
29364GAC7	6.13% Notes	6.13%	09/08	Now	MW (T+.50%)	-	150	150
29364GAA1	7.75% Notes	7.75%	12/09	Now	MW (T+.50%)	267	267	267
29364GAB9	6.58% Notes	6.58%	05/10	Now	MW (T+.50%)	75	75	75
29364GB@1	6.9% Notes	6.9%	11/10	Now	MW (T+.50%)	140	140	140
29364G202, 29364G301	7.625% Notes(a)	7.625%	02/11			500	500	500
29364GA@2	7.06% Notes	7.06%	03/11	Now	MW (T+.50%)	86	86	86
	Total					4,365	3,616	2,220

(a) In December 2005, Entergy Corporation sold 10 million equity units with a stated amount of $50 each. An equity unit consisted of (1) a note, initially due February 2011 and initially bearing interest at an annual rate of 5.75%, and (2) a purchase contract that obligated the holder of the equity unit to purchase for $50 between 0.5705 and 0.7074 shares of Entergy Corporation common stock on or before February 17, 2009. Entergy paid the holders quarterly contract adjustment payments of 1.875% per year on the stated amount of $50 per equity unit. Under the terms of the purchase contracts, Entergy attempted to remarket the notes in February 2009 but was unsuccessful, the note holders put the notes to Entergy, Entergy retired the notes, and Entergy issued 6,598,000 shares of common stock in the settlement of the purchase contracts.

SECURITIES RATINGS (OUTLOOK)

	CORPORATE CREDIT
As of May 2009.	MOODY’S	S&P	FITCH
Entergy Corporation	Baa3 (stable)	BBB (outlook negative)	BBB- (outlook stable)

Page 23

UTILITY SELECTED DATA

UTILITY QUARTERLY FINANCIAL METRICS

	2008					2007					YTD %
	1Q	2Q	3Q	4Q	YTD	1Q	2Q	3Q	4Q	YTD	CHANGE
GAAP MEASURES
As-Reported Earnings ($ millions)	117.1	159.7	257.8	53.2	587.8	104.4	148.2	333.1	97.0	682.7	(13.9	)
Return on Average Invested Capital –
As-Reported (%)*	7.0	6.9	6.1	6.0	6.0	7.0	6.5	6.9	6.9	6.9	(13.0	)
Return on Average Common Equity –
As-Reported (%)*	10.9	10.9	9.4	8.9	8.9	10.7	9.7	10.3	10.6	10.6	(16.0	)
Debt to Capital Ratio (%)	51.9	52.1	53.1	53.0	53.0	50.9	51.6	51.6	51.5	51.5	2.9
NON-GAAP MEASURES
Operational Earnings ($ millions)	117.1	159.7	257.8	53.2	587.8	104.4	148.2	333.1	110.7	696.4	(15.6	)
Return on Average Invested Capital –
Operational (%)*	7.1	7.0	6.2	6.0	6.0	7.0	6.6	7.0	7.0	7.0	(14.3	)
Return on Average Common Equity –
Operational (%)*	11.1	11.1	9.6	8.9	8.9	10.7	9.9	10.6	10.8	10.8	(17.6	)
Net Debt to Net Capital Ratio (%)	50.9	51.0	50.7	51.1	51.1	48.5	48.2	48.2	48.5	48.5	5.4

* Trailing twelve months. Totals may not foot due to rounding.

UTILITY ANNUAL FINANCIAL METRICS

	2008	2007	2006(a)	2005(a)	2004
GAAP MEASURES
As-Reported Earnings ($ millions)	587.8	682.7	691.2	659.8	643.4
Return on Average Invested Capital – As-Reported (%)	6.0	6.9	7.2	7.1	7.2
Return on Average Common Equity – As-Reported (%)	8.9	10.6	11.3	11.4	11.6
Debt to Capital Ratio (%)	53.0	51.5	51.3	51.8	51.7
NON-GAAP MEASURES
Operational Earnings ($ millions)	587.8	696.4	687.1	659.8	643.4
Return on Average Invested Capital – Operational (%)	6.0	7.0	7.2	7.1	7.2
Return on Average Common Equity – Operational (%)	8.9	10.8	11.2	11.4	11.6
Net Debt to Net Capital Ratio (%)	51.1	48.5	49.1	50.7	49.3

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

UTILITY HISTORICAL CAPITAL EXPENDITURES^(a)

($ millions)	2008	2007	2006	2005	2004
Entergy Arkansas	584	305	259	317	270
Entergy Gulf States					358
Entergy Gulf States Louisiana(b)	360	168	159	157
Entergy Louisiana	584	322	449	551	240
Entergy Mississippi	156	157	240	164	163
Entergy New Orleans	103	94	76	58	51
Entergy Texas	284	167	217	214
System Energy Resources	86	84	34	37	32
Other	31	19	18	7	37
Total excluding Entergy New Orleans	2,085	1,222	1,376	1,447	1,101
Total including Entergy New Orleans	2,188	1,316	1,452	1,505	1,152

(a) Historical capital expenditures include storm capital spending.

(b) Excludes Entergy Texas capital expenditures.

Certain prior year data has been reclassified to conform with current year presentation.

UTILITY PLANNED CAPITAL EXPENDITURES^(a)

	2009		2010		2011
($ millions)	MAINTENANCE CAPITAL	CAPITAL COMMITMENTS	MAINTENANCE CAPITAL	CAPITAL COMMITMENTS	MAINTENANCE CAPITAL	CAPITAL COMMITMENTS
Entergy Arkansas	186	25	171	102	179	178
Entergy Gulf States Louisiana	123	301	105	238	111	208
Entergy Louisiana	143	308	149	427	152	520
Entergy Mississippi	120	19	130	23	122	24
Entergy New Orleans	30	4	30	1	30	1
Entergy Texas	100	18	88	26	88	52
System Energy Resources	15	120	21	154	15	85
Other	21	11	21	22	16	6
Total	738	806	715	993	713	1,074

(a) Planned capital expenditures do not include storm capital spending.

UTILITY SECURITIES RATINGS (OUTLOOK)

	MORTGAGE BONDS			PREFERRED STOCK
As of May 2009.	MOODY’S	S&P	FITCH	MOODY’S	S&P	FITCH
Entergy Arkansas, Inc.	Baa1 (stable)	A– (outlook neg.)	BBB+(stable)	Ba1	BB+	BBB–
Entergy Gulf States Louisiana, L.L.C.	Baa3 (positive)	BBB+ (outlook neg.)	BBB (stable)	Ba3	BB+	BB+
Entergy Louisiana, LLC	Baa1 (stable)	A– (outlook neg.)	BBB+ (stable)	Ba1	BB+	BBB–
Entergy Mississippi, Inc.	Baa2 (stable)	A– (outlook neg.)	BBB+ (stable)	Ba2	BB+	BBB–
Entergy New Orleans, Inc.	Baa3 (stable)	BBB+ (outlook neg.)	BBB (stable)	B1	BB	BB+
Entergy Texas, Inc.	Baa3 (stable)	BBB+ (outlook neg.)	BBB (stable)	n/a	n/a	n/a
System Energy Resources, Inc.	Baa3 (stable)	BBB+ (outlook neg.)	BBB– (stable)	–	–	–

Page 24

UTILITY FINANCIAL RESULTS

2008 UTILITY/PARENT/OTHER CONSOLIDATING INCOME STATEMENT (unaudited)

In thousands, for the year ending December 31, 2008.	EAI			EGSL			ELL			EMI			ENOI			ETI			SERI			PARENT/ OTHER ELIMINATIONS			UTILITY/ PARENT/ OTHER
OPERATING REVENUES:
Electric	$	2,328,349		$	2,632,952		$	3,051,294		$	1,462,182		$	672,940		$	2,012,258		$	528,998		$	(2,612,199	)	$	10,076,774
Natural gas		-			100,413			-			-			141,443			-			-			-			241,856
Competitive businesses		-			-			-			-			-			-			-			29,011			29,011
Total		2,328,349			2,733,365			3,051,294			1,462,182			814,383			2,012,258			528,998			(2,583,188	)		10,347,641
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		283,547			474,314			1,048,502			456,730			330,472			581,696			44,506			(7,363	)		3,212,404
Purchased power		953,663			1,425,936			1,010,804			468,219			227,065			965,426			-			(2,593,372	)		2,457,741
Nuclear refueling outage expenses		29,611			25,705			19,638			-			-			-			17,266			1			92,221
Other operation and maintenance		524,940			337,794			408,489			216,554			108,576			176,096			120,165			37,167			1,929,781
Decommissioning		35,083			12,533			19,907			-			-			184			27,642			472			95,821
Taxes other than income taxes		85,590			77,438			63,184			63,807			41,641			53,615			15,896			4,506			405,677
Depreciation and amortization		237,168			136,606			197,909			83,297			32,756			75,125			126,441			7,330			896,632
Other regulatory charges (credits) – net		(26,747	)		(679	)		32,763			38,385			4,114			24,197			(12,151	)		1			59,883
Total		2,122,855			2,489,647			2,801,196			1,326,992			744,624			1,876,339			339,765			(2,551,258	)		9,150,160
OPERATING INCOME		205,494			243,718			250,098			135,190			69,759			135,919			189,233			(31,930	)		1,197,481
OTHER INCOME:
Allowance for equity funds used during construction		6,259			7,417			18,439			2,966			602			3,928			4,910			2			44,523
Interest and dividend income		21,174			83,105			46,370			1,778			9,664			11,736			12,086			(29,620	)		156,293
Equity in earnings (loss) of unconsolidated equity affiliates		-			-			-			-			-			-			-			(2,161	)		(2,161	)
Miscellaneous – net		(4,731	)		(5,516	)		(3,703	)		(2,047	)		(1,432	)		12,387			(643	)		(8,363	)		(14,048	)
Total		22,702			85,006			61,106			2,697			8,834			28,051			16,353			(40,142	)		184,607
INTEREST AND OTHER CHARGES:
Interest on long-term debt		79,945			123,439			83,003			41,560			12,465			72,441			56,404			30,422			499,679
Other interest – net		7,787			7,758			11,307			5,328			8,517			7,756			263			127,659			176,375
Allowance for borrowed funds used during construction		(3,311	)		(4,437	)		(11,297	)		(1,951	)		(388	)		(2,240	)		(1,642	)		(1	)		(25,267	)
Total		84,421			126,760			83,013			44,937			20,594			77,957			55,025			158,080			650,787
INCOME BEFORE INCOME TAXES		143,775			201,964			228,191			92,950			57,999			86,013			150,561			(230,152	)		731,301
Income taxes		96,623			57,197			70,648			33,240			23,052			28,118			59,494			(76,378	)		291,994
CONSOLIDATED NET INCOME		47,152			144,767			157,543			59,710			34,947			57,895			91,067			(153,774	)		439,307
Preferred dividend requirements and other		6,873			825			6,950			2,828			965			-			-			(1,134	)		17,307
EARNINGS APPLICABLE TO COMMON STOCK/EQUITY	$	40,279		$	143,942		$	150,593		$	56,882		$	33,982		$	57,895		$	91,067		$	(152,640	)	$	422,000

Totals may not foot due to rounding.

Page 25

UTILITY FINANCIAL RESULTS

2008 UTILITY/PARENT/OTHER CONSOLIDATING BALANCE SHEET (unaudited)

In thousands, as of December 31, 2008.	EAI		EGSL		ELL		EMI		ENOI		ETI		SERI	PARENT/ OTHER ELIMINATIONS		UTILITY/ PARENT/ OTHER
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$       3,292		$     22,671		$               -		$       1,072		$       1,119		$       2,201		$          250	$     79,598		$     110,203
Temporary cash investments – at cost, which approximates market	36,276		26,632		138,918		10		136,325		38		102,538	914,761		1,355,498
Total cash and cash equivalents	39,568		49,303		138,918		1,082		137,444		2,239		102,788	994,359		1,465,701
Notes receivable	-		-		-		-		-		-		-	99,330		99,330
Securitization recovery trust account	-		-		-		-		-		12,062		-	-		12,062
Accounts receivable:																-
Customer	113,135		69,264		127,765		76,503		53,934		82,583		-	164		523,348
Allowance for doubtful accounts	(19,882	)	(1,230	)	(1,698	)	(687	)	(1,112	)	(1,001	)	-	-		(25,610	)
Associated companies	56,534		179,217		244,575		29,291		70,608		258,629		91,119	(790,061	)	139,912
Other	64,762		60,618		11,271		11,675		3,270		14,122		3,074	10,415		179,207
Accrued unbilled revenues	71,118		50,272		67,512		35,451		28,107		30,262		-	192		282,914
Total account receivable	285,667		358,141		449,425		152,233		154,807		384,595		94,193	(779,290	)	1,099,771
Deferred fuel costs	119,061		-		-		5,025		21,827		21,179		-	-		167,092
Accumulated deferred income taxes	-		50,039		66,229		19,335		-		88,611		-	(216,907	)	7,307
Fuel inventory – at average cost	15,223		33,751		-		9,288		8,198		57,645		-	89,208		213,313
Materials and supplies – at average cost	121,769		104,579		128,388		31,921		9,472		36,329		74,496	(1,234	)	505,720
Deferred nuclear refueling outage costs	42,932		17,135		19,962		-		-		-		26,485	-		106,514
System agreement cost equalization	394,000		-		-		-		-		-		-	-		394,000
Debt assumption by Entergy Texas	-		100,509		-		-		-		-		-	(100,509	)	-
Prepayments and other	36,530		6,381		10,046		6,290		4,483		12,785		75,772	(46,243	)	106,044
Total	1,054,750		719,838		812,968		225,174		336,231		615,445		373,734	38,714		4,176,854
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity	11,200		189,560		545,154		5,615		3,259		845		-	6,599,159		7,354,792
Decommissioning trust funds	390,529		303,178		180,862		-		-		-		268,822	-		1,143,391
Non-utility property – at cost less accumulated depreciation)	1,439		120,829		1,306		5,000		1,016		1,788		-	94,955		226,333
Notes receivable – Entergy New Orleans	-		-		9,353		7,610		-		-		25,560	(42,523	)	-
Storm reserve escrow account	-		-		-		31,692		-		-		-	(31,692	)	-
Other	5,391		13,245		1,805		-		2,878		17,451		-	62,538		103,308
Total	408,559		626,812		738,480		49,917		7,153		20,084		294,382	6,682,437		8,827,824
UTILITY PLANT:
Electric	7,305,165		6,402,668		6,734,732		2,951,636		767,327		2,912,972		3,314,473	489,518		30,878,491
Property under capital lease	1,417		-		256,348		7,806		-		-		479,933	-		745,504
Natural gas	-		106,125		-		-		197,231		-		-	413		303,769
Construction work in progress	142,391		201,544		602,070		81,959		22,314		221,387		122,952	63,564		1,458,181
Nuclear fuel under capital lease	125,072		140,689		74,197		-		-		-		125,416	-		465,374
Nuclear fuel	12,115		11,177		-		-		-		-		7,448	99,935		130,675
Total utility plant	7,586,160		6,862,203		7,667,347		3,041,401		986,872		3,134,359		4,050,222	653,430		33,981,994
Less – accumulated depreciation and amortization	3,272,280		3,560,458		3,245,701		1,058,426		542,499		1,104,116		2,206,780	375,399		15,365,659
Utility plant – net	4,313,880		3,301,745		4,421,646		1,982,975		444,373		2,030,243		1,843,442	278,031		18,616,335
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net	58,455		316,421		107,596		23,693		-		84,997		89,473	(98,916	)	581,719
Other regulatory assets	688,964		287,912		515,053		226,933		208,524		1,117,257		333,389	237,072		3,615,104
Deferred fuel costs	-		100,124		67,998		-		-		-		-	-		168,122
Long-term receivables	-		21,558		1,209		-		-		559		-	(23,326	)	-
Goodwill	-		-		-		-		-		-		-	374,099		374,099
Debt assumption by Entergy Texas	-		669,462		-		-		-		-		-	(669,462	)	-
Other	43,605		13,089		20,218		19,451		7,254		116,186		10,970	513,726		744,499
Total	791,024		1,408,566		712,074		270,077		215,778		1,318,999		433,832	333,193		5,483,543
TOTAL ASSETS	$6,568,213		$6,056,961		$6,685,168		$2,528,143		$1,003,535		$3,984,771		$2,945,390	$7,332,375		$37,104,556

Totals may not foot due to rounding.

Page 26

UTILITY FINANCIAL RESULTS

2008 UTILITY/PARENT/OTHER CONSOLIDATING BALANCE SHEET (unaudited)

In thousands, as of December 31, 2008.	EAI	EGSL		ELL		EMI		ENOI	ETI	SERI	PARENT OTHER/ ELIMINATIONS		UTILITY/ PARENT/ OTHER
LIABILITIES AND SHAREHOLDERS’ OR MEMBERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$                -	$    219,470		$               -		$               -		$               -	$    100,509	$      28,440	$    166,492		$    514,911
Notes payable:
Associated companies	-	-		-		-		-	144,662	-	1,196,536		1,341,198
Other	-	-		-		-		-	342,449	-	(287,415	)	55,034
Accounts payable:													-
Associated companies	433,460	155,147		67,465		115,876		24,523	-	2,723	(701,664	)	97,530
Other	142,974	162,319		254,055		39,623		39,327	-	35,215	548,902		1,222,415
Customer deposits	60,558	40,484		78,401		58,517		18,944	40,589	-	4,810		302,303
Taxes accrued	-	418		25,693		40,896		20,346	49,595	-	38,972		175,920
Accumulated deferred income taxes	198,902	-		-		-		7,387	-	9,645	(215,934	)	-
Interest accrued	25,207	30,112		38,280		17,113		3,930	22,102	48,590	444		185,778
Deferred fuel costs	-	91,976		91,563		-		-	-	-	-		183,539
Obligations under capital leases	60,276	24,368		38,362		-		-	-	37,619	1,768		162,393
Pension and other postretirement liabilities	-	7,479		8,935		-		-	1,269	-	23,970		41,653
Gas hedge contracts	-	20,184		26,668		15,610		-	-	-	(62,462	)	-
System agreement cost equalization	-	67,000		156,000		23,000		-	214,315	-	-		460,315
Other	17,290	9,220		33,841		5,373		9,203	4,551	-	67,330		146,808
Total	938,667	828,177		819,263		316,008		123,660	920,041	162,232	781,749		4,889,797
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued	1,307,596	1,308,449		1,940,065		571,193		112,827	756,996	365,134	(643,772	)	5,718,488
Accumulated deferred investment tax credits	51,881	91,634		82,848		8,605		2,471	24,128	61,708	2,295		325,570
Obligations under capital leases	66,214	116,321		35,843		6,418		-	-	87,797	30,500		343,093
SFAS 109 regulatory liability – net	-	-		-		-		72,046	-	-	(72,046	)	-
Other regulatory liabilities	27,141	22,007		43,562		22,331		12,040	-	197,051	(43,489	)	280,643
Decommissioning and asset retirement cost liabilities	540,709	222,909		276,839		4,784		2,966	3,250	396,201	-		1,447,659
Accumulated provisions	15,925	13,896		19,916		36,957		10,609	12,936	2,025	24,185		136,449
Pension and other postretirement liabilities	441,920	188,390		282,683		118,223		49,322	91,316	72,008	487,962		1,731,824
Note payable to Entergy Corporation	-	-		-		-		-	160,000	-	(160,000	)	-
Long-term debt	1,618,171	1,827,859		1,387,473		695,330		272,973	1,084,368	744,900	3,360,130		10,991,204
Gas system rebuild insurance proceeds	-	-		-		-		98,418	-	-	(98,418	)	-
Other	43,780	105,176		88,838		32,656		14,997	31,587	-	418,218		735,252
Total	4,113,337	3,896,641		4,158,067		1,496,497		648,669	2,164,581	1,926,824	3,305,565		21,710,182
Preferred stock without sinking fund	116,350	10,000		100,000		50,381		19,780	-	-	(16,000	)	280,511
Commitments and Contingencies
SHAREHOLDERS’ OR MEMBERS’ EQUITY:
Common stock or members’ equity	470	1,352,408		1,632,053		199,326		33,744	49,452	789,350	(1,893,054	)	2,163,749
Paid-in capital/capital stock expense and other	588,444	-		-		(690	)	36,294	481,994	-	5,873,581		6,979,623
Retained earnings	810,945	-		-		466,621		141,388	368,703	66,984	3,640,171		5,494,812
Accumulated other comprehensive income (loss)	-	(30,265	)	(24,215	)	-		-	-	-	(64,424	)	(118,904	)
Less – treasury stock, at cost	-	-		-		-		-	-	-	4,295,214		4,295,214
Total	1,399,859	1,322,143		1,607,838		665,257		211,426	900,149	856,334	3,261,060		10,224,066
TOTAL LIABILITIES AND SHAREHOLDERS’ OR MEMBERS’ EQUITY	$6,568,213	$6,056,961		$6,685,168		$2,528,143		$1,003,535	$3,984,771	$2,945,390	$7,332,375		$37,104,556

Totals may not foot due to rounding.

Page 27

UTILITY FINANCIAL RESULTS

UTILITY SELECTED ANNUAL FINANCIAL METRICS

	2008	2007		2006	2005	2004
ENTERGY ARKANSAS, INC.
As-Reported Earnings ($ millions)	40.3	132.2		165.6	166.9	134.4
Less Special Items ($ millions)	-	(5.9	)	-	-	-
Operational Earnings ($ millions)	40.3	138.1		165.6	166.9	134.4
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	2.9	9.4		11.6	12.1	10.3
Return on Average Invested Capital – As-Reported (%)	3.2	6.5		7.6	7.6	6.6
Cash Flow Interest Coverage (# times)	6.3	5.2		7.0	7.7	7.9
Debt to Capital Ratio (%)	53.5	49.0		48.1	47.5	50.1
Total Debt ($ millions)	1,745	1,442		1,436	1,400	1,450
Total Preferred ($ millions)	116	116		116	116	116
Total Equity ($ millions)	1,400	1,385		1,434	1,430	1,327
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	2.9	9.8		11.6	12.1	10.3
Return on Average Invested Capital – Operational (%)	3.2	6.7		7.6	7.6	6.6
Net Debt to Net Capital Ratio (%)	52.9	49.0		47.5	47.4	48.5
		2007 PRO FORMA(a)
ENTERGY GULF STATES LOUISIANA, L.L.C.
As-Reported Earnings ($ millions)	143.9	129.9		REFER TO PAGE 30
Less Special Items ($ millions)	-	(3.6	)
Operational Earnings ($ millions)	143.9	133.5
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	11.0	10.4
Return on Average Invested Capital – As-Reported (%)	6.1	6.8
Cash Flow Interest Coverage (# times)	5.4	3.9(b)
Debt to Capital Ratio (%)	51.6(b)	51.5(b)
Total Debt ($ millions)	1,418(b)	1,381(b)
Total Preferred ($ millions)	10	10
Total Equity ($ millions)	1,322	1,290
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	11.0	10.6
Return on Average Invested Capital – Operational (%)	8.2	8.3
Net Debt to Net Capital Ratio (%)	50.7	49.5
(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies: Entergy Texas and Entergy Gulf States Louisiana. The above pro forma metrics for 2007 reflect the results as if the separation had occurred on January 1, 2007. (b) See page 72 for Pro Forma calculations.
ENTERGY LOUISIANA, LLC(a)
As-Reported Earnings ($ millions)	150.6	136.4		130.7	128.1	127.5
Less Special Items ($ millions)	-	(2.2	)	-	-	-
Operational Earnings ($ millions)	150.6	138.6		130.7	128.1	127.5
GAAP MEASURES
Return on Average Members’ Equity – As-Reported (%)	9.8	9.8		10.8	12.0	12.4
Return on Average Invested Capital – As-Reported (%)	7.1	7.1		7.3	7.8	8.4
Cash Flow Interest Coverage (# times)	14.0	5.6		6.1	3.1	8.3
Debt to Capital Ratio (%)	46.1	43.4		46.4	51.3	49.6
Total Debt ($ millions)	1,462	1,192		1,230	1,271	1,017
Total Preferred ($ millions)	100	100		100	100	-
Total Equity ($ millions)	1,608	1,454		1,318	1,105	1,033
NON-GAAP MEASURES
Return on Average Members’ Equity – Operational (%)	9.8	10.0		10.8	12.0	12.4
Return on Average Invested Capital – Operational (%)	7.1	7.2		7.3	7.8	8.4
Net Debt to Net Capital Ratio (%)	43.6	43.4		46.4	49.2	45.8

(a) Effective December 31, 2005, Entergy Louisiana, LLC, (ELL), a limited liability company organized under the laws of the State of Texas as part of a restructuring involving a Texas statutory merger-by-division, succeeded to all of the regulated utility operations of Entergy Louisiana, Inc. (ELI). ELL was allocated substantially all of the property and other assets of ELI, including all assets used to provide retail and wholesale electric service to ELI’s retail customers. ELL also assumed substantially all of the liabilities of ELI, including all of its debt securities and leases but excluding the outstanding preferred stock of ELI. Current and prior periods reflect metrics for ELL.

Page 28

UTILITY FINANCIAL RESULTS

UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)

	2008		2007		2006	2005		2004
ENTERGY MISSISSIPPI, INC.
As-Reported Earnings ($ millions)	56.9		69.3		49.5	58.8		70.1
Less Special Items ($ millions)	-		-		-	-		-
Operational Earnings ($ millions)	56.9		69.3		49.5	58.8		70.1
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	8.6		10.9		8.3	10.6		13.3
Return on Average Invested Capital – As-Reported (%)	6.2		6.9		5.9	6.7		7.7
Cash Flow Interest Coverage (# times)	2.7		4.8		10.1	1.1		7.3
Debt to Capital Ratio (%)	49.6		49.9		54.3	52.7		54.2
Total Debt ($ millions)	703		704		795	695		695
Total Preferred ($ millions)	50		50		50	50		50
Total Equity ($ millions)	665		657		618	573		537
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	8.6		10.9		8.3	10.6		13.3
Return on Average Invested Capital – Operational (%)	6.2		6.9		5.9	6.7		7.7
Net Debt to Net Capital Ratio (%)	49.5		48.4		51.9	52.6		51.1
ENTERGY NEW ORLEANS, INC.
As-Reported Earnings ($ millions)	34.0		23.5		4.1	0.8		27.1
Less Special Items ($ millions)	-		-		-	-		-
Operational Earnings ($ millions)	34.0		23.5		4.1	0.8		27.1
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	17.5		14.2		2.7	0.5		18.9
Return on Average Invested Capital – As-Reported (%)	9.5		7.7		3.3	1.8		9.6
Cash Flow Interest Coverage (# times)	5.3		11.5		5.9	(1.9	)	5.2
Debt to Capital Ratio (%)	54.1		60.6		61.9	66.4		56.9
Total Debt ($ millions)
Not Subject to Compromise ($ millions)	273		304		282	105		230
Subject to Compromise ($ millions)	-		-		-	230		-
Total Debt ($ millions)	273		304		282	335		230
Total Preferred ($ millions)	20		20		20	20		20
Total Equity ($ millions)	211		177		154	150		154
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	17.5		14.2		2.7	0.5		18.9
Return on Average Invested Capital – Operational (%)	9.5		7.7		3.3	1.8		9.6
Net Debt to Net Capital Ratio (%)	37.0		51.8		60.4	62.8		56.0
			2007 PRO FORMA(a)
ENTERGY TEXAS, INC.
As-Reported Earnings ($ millions)	57.9		58.9		REFER TO PAGE 30
Less Special Items ($ millions)	-		-
Operational Earnings ($ millions)	57.9		58.9
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	6.1		5.9
Return on Average Invested Capital – As-Reported (%)	4.5		4.9
Cash Flow Interest Coverage (# times)	1.1		3.0
Debt to Capital Ratio (%) (b)	53.5	(b)	55.9	(b)
Total Debt ($ millions)	1,035	(b)	1,083	(b)
Total Preferred ($ millions)	-		-
Total Equity ($ millions)	900	(b)	854	(b)
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	6.6	(b)	7.0	(b)
Return on Average Invested Capital – Operational (%)	5.5	(b)	5.7	(b)
Net Debt to Net Capital Ratio (%)	53.4		47.9

(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies: Entergy Texas and Entergy Gulf States Louisiana. The above pro forma metrics for 2007 reflect the results as if the separation had occurred on January 1, 2007.

(b) See page 72 for Pro Forma calculations.

Page 29

UTILITY FINANCIAL RESULTS

UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)

	2008	2007		2006	2005		2004
SYSTEM ENERGY RESOURCES, INC.
As-Reported Earnings ($ millions)	91.1	136.1		140.3	111.6		105.9
Less Special Items ($ millions)	-	(1.9	)	-	-		-
Operational Earnings ($ millions)	91.1	138.0		140.3	111.6		105.9
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	10.6	15.8		16.0	12.5		11.9
Return on Average Invested Capital – As-Reported (%)	7.1	9.8		9.9	8.1		7.7
Cash Flow Interest Coverage (# times)	4.9	4.9		3.1	5.5		7.1
Debt to Capital Ratio (%)	51.2	50.6		50.6	51.1		51.2
Total Debt ($ millions)	899	882		879	934		940
Total Preferred ($ millions)	-	-		-	-		-
Total Equity ($ millions)	856	862		857	894	��	895
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	10.6	16.0		16.0	12.5		11.9
Return on Average Invested Capital – Operational (%)	7.1	9.9		9.9	8.1		7.7
Net Debt to Net Capital Ratio (%)	48.2	47.4		46.4	49.0		44.7
ENTERGY GULF STATES, INC.
As-Reported Earnings ($ millions)				208.0	202.3		187.8
Less Special Items ($ millions)				-	-		-
Operational Earnings ($ millions)				208.0	202.3		187.8
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)				9.4	10.1		10.8
Return on Average Invested Capital – As-Reported (%)				6.4	6.5		6.6
Cash Flow Interest Coverage (# times)				6.5	1.5		5.3
Debt to Capital Ratio (%)				52.0	51.7		53.1
Total Debt ($ millions)				2,442	2,426		2,078
Total Preferred ($ millions)				47	47		47
Total Equity ($ millions)				2,206	2,224		1,785
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)				9.4	10.1		10.8
Return on Average Invested Capital – Operational (%)				6.4	6.5		6.6
Net Debt to Net Capital Ratio (%)				50.1	51.4		53.0

Page 30

UTILITY SECURITIES DETAIL

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY ARKANSAS, INC.

BONDS: CUSIP				MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE	AS OF DECEMBER 31,
		TYPE*	RATE				2008		2007		2006
									(in millions)
29364DAM2	4.50% Series	M	4.50%	06/10	Now	MW (T + .25%)	$	100		$   100	$	100
29364DAN0	5.40% Series	M	5.40%	08/13	Now	MW (T + .35%)		300		-		-
732835AW3	6.3% Series – Pope County(c)	G(b)	6.3%	2016	Now	100%		20		20		20
472712ER5	4.6% Series – Jefferson County(c)	G(b)	4.6%	2017	6/13/11	100%		55		55		55
29364DAE0	5.4% Series	M	5.4%	05/18	Now	MW (T + .25%)		150		150		150
29364DAH3	5.0% Series	M	5.0%	07/18	Now	MW (T + .25%)		115		115		115
732835BA0	6.3% Series – Pope County	G(b)	6.3%	2020	Now	100%		120		120		120
453424BP	5.0% Series – Independence County(c)	G(b)	5.0%	2021	7/1/10	100%		45		45		45
29364DAL4	5.66% Series	M	5.66%	02/25	Now	MW (T + .20%)		175		175		175
29364D811	6.7% Series	M	6.7%	04/32	Now	100%		100		100		100
29364D795	6.0% Series	M	6.0%	11/32	Now	100%		100		100		100
29364DAJ9	5.9% Series	M	5.9%	06/33	Now	MW (T + .25%)		100		100		100
29364DAK6	6.38% Series	M	6.38%	11/34	Now	MW (T + .25%)		60		60		60
	Total bonds							1,439		1,139		1,139
OTHER LONG-TERM DEBT:
	Long-Term United States Department of Energy Obligation(d)							180		177		169
	Unamortized Premium and Discount – Net							(1)		(2)		(2)
TOTAL LONG-TERM DEBT								1,618		1,315		1,306
Less Amount Due Within One Year								-		-		-
Long-Term Debt Excluding Amount Due Within One Year							$	1,618	$	1,315	$	1,306
Fair Value of Long-Term Debt(a)							$	1,306	$	1,101	$	1,113
*M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.6%		5.6%		5.6%

(a) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

(b) Consists of pollution control revenue bonds and environmental revenue bonds.

(c) The bonds are secured by a series of collateral first mortgage bonds.

(d) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. The contracts include a one-time fee for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy utility operating company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.

Totals may not foot due to rounding.

			SHARES AUTHORIZED AND OUTSTANDING								CALL PRICE PER SHARE
PREFERRED STOCK: CUSIP			AS OF DECEMBER 31,			AS OF DECEMBER 31,					AS OF DECEMBER 31,
		RATE	2008	2007	2006	2008		2007	2006			2008
	Without sinking fund:							(in millions)
	Cumulative, $100 par value:
29364D209	4.32% Series	4.32%	70,000	70,000	70,000	$	7	$    7	$	7		$103.65
29364D506	4.72% Series	4.72%	93,500	93,500	93,500		9	9		9		107.00
29364D308	4.56% Series	4.56%	75,000	75,000	75,000		8	8		8		102.83
29364D407	4.56% 1965 Series	4.56%	75,000	75,000	75,000		8	8		8		102.50
29364D605	6.08% Series	6.08%	100,000	100,000	100,000		10	10		10		102.83
	Cumulative, $25 par value:
29364D787	6.45% Series(a)	6.45%	3,000,000	3,000,000	3,000,000		75	75		75		-
	Total without sinking fund		3,413,500	3,413,500	3,413,500	$	116	$116	$	116

(a) Series is non-callable until April 2011; thereafter callable at par.

Totals may not foot due to rounding.

Page 31

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY GULF STATES LOUISIANA, L.L.C.

BONDS: CUSIP		TYPE*	RATE	MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE	AS OF DECEMBER 31,
							2008			2007		2006
										(in millions)
29364LAG7	3.6% Series	M(c)	3.6%	06/08	Now	100%	$	-		$   325		$	325
296364LAW2	Libor + 0.75% Series	M(c)	Libor + 0.75%	12/08	Now	100%		-		350			350
29364LAN5	Libor + 0.4% Series	M(c)	Libor + 0.4%	12/09	Now	100%		219		219			225
29364LAV4	5.12% Series	M(c)	5.12%	08/10	Now	100%		100		100			100
128318BL5	5.45% Series – Calcasieu Parish	G(b,c)	5.45%	2010	Now	100%		22		22			22
730816AF9	6.75% Series – Calcasieu Parish	G(b,c)	6.75%	2012	Now	100%		48		48			48
29364LAQ5	4.875% Series	M(c)	4.875%	11/11	Now	100%		200		200			200
29364LAF9	6.0% Series	M(c)	6.0%	12/12	Now	100%		140		140			140
730816AF9	6.7% Series – Pointe Coupee Parish	G(b,c)	6.7%	2013	Now	100%		17		17			17
450877AJ	5.7% Series – Iberville Parish	G(b,c)	5.7%	2014	Now	100%		22		22			22
29364LAS1	5.6% Series	M(c)	5.6%	12/14	Now	100%		50		50			50
29364LAU6	5.70% Series	M(c)	5.70%	06/15	Now	MW (T +. 30%)		200		200			200
952789AQ8	5.8% Series – West Feliciana Parish	G(b,c)	5.8%	2015	Now	100%		28		28			28
952789AW5	7.0% Series – West Feliciana Parish	G(b,c)	7.0%	2015	Now	100%		39		39			39
29364LAN2	5.25% Series	M(c)	5.25%	08/15	Now	100%		200		200			200
952789AR6	5.8% Series – West Feliciana Parish	G(b,c)	5.8%	2016	Now	100%		20		20			20
29365PAM4	6.00% Series	M	6.00%	05/18	Now	MW (T + .40%)		375		-			-
952789BB0	6.6% Series – West Feliciana Parish	G(b,c)	6.6%	2028	Now	100%		40		40			40
29364LAL6	6.2% Series	M(c)	6.2%	07/33	Now	MW (T + .15%)		240		240			240
2936LAT9	6.18% Series	M(c)	6.18%	03/35	Now	MW (T + .30%)		85		85			85
	Total bonds							2,045		2,346			2,352
OTHER LONG-TERM DEBT:
	Unamortized Premium and Discount – Net							(2	)	(1	)		(2	)
	Other							4		4			9
TOTAL LONG-TERM DEBT								2,047		2,349			2,358
Less Amount Due Within One Year								219		675			-
Long-Term Debt Excluding Amount Due Within One Year							$	1,828		$1,674		$	2,358
Fair Value of Long-Term Debt(a)							$	1,871		$2,283		$	2,324
*M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.4%		5.5%			5.5%

(a) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

(b) Consists of pollution control revenue bonds and environmental revenue bonds.

(c) Entergy Gulf States Louisiana remains primarily liable for all of the long-term debt issued by Entergy Gulf States, Inc. that was outstanding on December 31, 2008 and 2007. Under a debt assumption agreement with Entergy Gulf States Louisiana, Entergy Texas assumed approximately 46% of this long-term debt. Entergy Gulf States Louisiana recorded an assumption asset on its balance sheet to reflect the long-term debt assumed by Entergy Texas.

Totals may not foot due to rounding.

									REDEMPTION PRICE PER SHARE AS OF DECEMBER 31,
PREFERRED MEMBERSHIP INTERESTS:			SHARES AUTHORIZED AND OUTSTANDING AS OF DECEMBER 31,			AS OF DECEMBER 31,
CUSIP		RATE	2008	2007	2006	2008	2007	2006	2008
							(in millions)
Cumulative, $100 liquidation value
	8.25% Series(c)		100,000	100,000	-	$10	$10	$  -	-
Authorized 6,000,000 shares, $100 par value, cumulative
	Without sinking fund:
29364L201	4.40% Series	4.40%	-	-	51,173	-	-	5	-
29364L789	4.50% Series	4.50%	-	-	5,830	-	-	1	-
29364L797	4.40% 1949 Series	4.40%	-	-	1,655	-	-	-	-
29364L805	4.20% Series	4.20%	-	-	9,745	-	-	1	-
29364L300	4.44% Series	4.44%	-	-	14,804	-	-	1	-
29364L508	5.00% Series	5.00%	-	-	10,993	-	-	1	-
29364L607	5.08% Series	5.08%	-	-	26,845	-	-	3	-
29364L409	4.52% Series	4.52%	-	-	10,564	-	-	1	-
29364L706	6.08% Series	6.08%	-	-	32,829	-	-	3	-
29364L847	7.56% Series	7.56%	-	-	308,830	-	-	31	-
	Total without sinking fund		100,000	100,000	473,268	$10	$10	$47
	With sinking fund:
29364L839	Adjustable Rate – A, 7.0%(b)	7.0%	-	-	60,000	-	-	6	-
29364L821	Adjustable Rate – B, 7.0%(b)	7.0%	-	-	45,000	-	-	4	-
	Total with sinking fund		-	-	105,000	$  -	$  -	$10
Fair Value of Preferred Membership Interests with sinking fund(a)						$  -	$  -	$  8

(a) Fair values were determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

(b) Represents weighted-average annualized rates for 2006.

(c) Series is non-callable until January 2016; thereafter callable at par.

Totals may not foot due to rounding.

Page 32

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY LOUISIANA, LLC

BONDS: CUSIP		TYPE*	RATE	MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE	AS OF DECEMBER 31,
							2008		2007	2006
									(in millions)
29364WAD0	4.67% Series	M	4.67%	06/10	Now	MW (T + .20%)	$	55	$   55	$	55
29364WAG3	5.83% Series	M	5.83%	11/10	Now	100%		150	150		150
29364WAC2	5.09% Series	M	5.09%	11/14	Now	MW (T + .20%)		115	115		115
29364WAE8	5.56% Series	M	5.56%	09/15	Now	MW (T + .25%)		100	100		100
29364WAJ7	6.50 % Series	M	6.50%	09/18	Now	MW (T + .40%)		300	-		-
29364WAA6	5.5% Series	M	5.5%	04/19	Now	MW (T + .25%)		100	100		100
788070CD0	Auction Rate – St. Charles Parish(c)	G(b)	3.66%	2030	Now	100%		-	60		60
29364W207	7.6% Series	M	7.6%	04/32	Now	100%		150	150		150
29364WAB4	6.4% Series	M	6.4%	10/34	Now	MW (T + .25%)		70	70		70
29364WAF5	6.3% Series	M	6.3%	09/35	Now	MW (T + .35%)		100	100		100
	Total bonds							1,140	900		900
OTHER LONG-TERM DEBT:
	Waterford 3 Lease Obligation 7.45%		7.45%					248	248		248
	Unamortized Premium and Discount – Net							-	-		-
TOTAL LONG-TERM DEBT								1,387	1,148		1,148
Less Amount Due Within One Year								-	-		-
Long-Term Debt Excluding Amount Due Within One Year							$	1,387	$1,148	$	1,148
Fair Value of Long-Term Debt(a)							$	1,085	$   875	$	870
*M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								6.4%	6.2%		6.2%

(a) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

(b) Consists of pollution control revenue bonds and environmental revenue bonds.

(c) The bonds are secured by a series of collateral first mortgage bonds.

Totals may not foot due to rounding.

ENTERGY LOUISIANA, LLC

PREFERRED MEMBERSHIP INTERESTS:			SHARES AUTHORIZED AND OUTSTANDING AS OF DECEMBER 31,			AS OF DECEMBER 31,			CALL PRICE PER SHARE AS OF DECEMBER 31,
CUSIP		RATE	2008	2007	2006	2008	2007	2006	2008
							(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
293649208	6.95% Series(a)	6.95%	1,000,000	1,000,000	1,000,000	$100	$100	$100	-

(a) Series is non-callable until December 2010; thereafter callable at par.

Page 33

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY MISSISSIPPI, INC.

BONDS: CUSIP		TYPE*	RATE	MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE	AS OF DECEMBER 31,
							2008			2007		2006
										(in millions)
29364NAJ7	4.35% Series	M	4.35%	04/08	Now	100%	$	-		$     -		$	100
29364NAM0	4.65% Series	M	4.65%	05/11	Now	MW (T + .30%)		80		80			80
29364NAH1	5.15% Series	M	5.15%	02/13	Now	MW (T + .20%)		100		100			100
29364NAN8	5.92% Series	M	5.92%	02/16	Now	MT (T + .30%)		100		100			100
29364NAK4	4.95% Series	M	4.95%	06/18	Now	MW (T + .25%)		95		95			95
605277AF9	4.60% Series – Mississippi Business Finance Corp.(c)	G(b)	4.60%	2022	10/1/09	100%		16		16			16
453424BN2	4.90 Series – Independence County(c)(d)	G(b)	4.90%	2022	Now	100%		30		30			30
29364N876	6.0% Series	M	6.0%	11/32	Now	100%		75		75			75
29364N868	7.25% Series	M	7.25%	12/32	Now	100%		100		100			100
29364NAL2	6.25% Series	M	6.25%	04/34	Now	MW (T + .25%)		100		100			100
	Total bonds							696		696			796
OTHER LONG-TERM DEBT:
	Unamortized Premium and Discount – Net							(1	)	(1	)		(1	)
TOTAL LONG-TERM DEBT								695		695			795
Less Amount Due Within One Year								-		-			-
Long-Term Debt Excluding Amount Due Within One Year							$	695		$695		$	795
Fair Value of Long-Term Debt(a)							$	629		$671		$	779
*M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.7%		5.7%			5.5%

(a) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

(b) Consists of pollution control revenue bonds and environmental revenue bonds.

(c) The bonds are secured by a series of collateral first mortgage bonds.

(d) In April 2008, Entergy Mississippi repurchased its $30 million of Auction Rate Independence County Pollution Control Revenue Bonds due July 2022. In June 2008, Entergy Mississippi remarketed the series and fixed the interest rate to maturity at 4.90%.

Totals may not foot due to rounding.

PREFERRED STOCK:			SHARES AUTHORIZED AND OUTSTANDING AS OF DECEMBER 31,			AS OF DECEMBER 31,			CALL PRICE PER SHARE AS OF DECEMBER 31,
CUSIP		Rate	2008	2007	2006	2008	2007	2006	2008
						(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
29364N207	4.36% Series	4.36%	59,920	59,920	59,920	$  6	$  6	$  6	$103.88
29364N306	4.56% Series	4.56%	43,887	43,887	43,887	4	4	4	107.00
29364N405	4.92% Series	4.92%	100,000	100,000	100,000	10	10	10	102.88
	Cumulative, $25 par value:
29364N850	6.25% Series(a)	6.25%	1,200,000	1,200,000	1,200,000	30	30	30	-
	Total without sinking fund		1,403,807	1,403,807	1,403,807	$50	$50	$50

(a) Series is non-callable until August 2010; thereafter callable at par.

Totals may not foot due to rounding.

Page 34

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY NEW ORLEANS, INC.

BONDS: CUSIP		TYPE*	RATE	MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE	AS OF DECEMBER 31,
							2008		2007	2006
									(in millions)
29364PAE3	3.875% Series	M	3.88%	08/08	Now	MW (T + .25%)	$	-	$  30	$	30
29364PAL7	4.98% Series	M	4.98%	07/10	Now	101%		30	30		30
29364PAF0	5.25% Series	M	5.25%	08/13	Now	MW (T + .25%)		70	70		70
29364PAD5	6.75% Series	M	6.75%	10/17	Now	100%		25	25		25
29364PAK9	5.6% Series	M	5.60%	09/24	9/1/08	100%		34	35		35
29364PAJ2	5.65% Series	M	5.65%	09/29	9/1/09	100%		39	40		40
	Total bonds							199	230		230
OTHER LONG-TERM DEBT:
	Affiliated Notes Payable							74	74		-
	Unamortized Premium and Discount – Net							-	-		-
TOTAL LONG-TERM DEBT(b)								273	304		230
Less Amount Due Within One Year								-	30		-
Long-Term Debt Excluding Amount Due Within One Year							$	273	$274	$	230
Fair Value of Long-Term Debt(a)							$	179	$220	$	219
*M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.4%	5.3%		5.3%

(a) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

Totals may not foot due to rounding.

PREFERRED STOCK:			SHARES AUTHORIZED AND OUTSTANDING AS OF DECEMBER 31,			AS OF DECEMBER 31,			CALL PRICE PER SHARE AS OF DECEMBER 31,
CUSIP		RATE	2008	2007	2006	2008	2007	2006	2008
						(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
29364P301	4.75% Series	4.75%	77,798	77,798	77,798	$  8	$  8	$  8	$105.00
29364P202	4.36% Series	4.36%	60,000	60,000	60,000	6	6	6	104.58
29364P400	5.56% Series	5.56%	60,000	60,000	60,000	6	6	6	102.59
	Total without sinking fund		197,798	197,798	197,798	$20	$20	$20

SYSTEM ENERGY RESOURCES, INC.

BONDS: CUSIP		TYPE*	RATE	MATURITY DATE	FIRST CALL DATE	CURRENT OR FIRST CALL PRICE	AS OF DECEMBER 31,
							2008			2007		2006
										(in millions)
871911AQ6	4.875% Series	M	4.88%	10/07	Now	MW (T + .30%)	$	-		$     -		$	70
871911AR4	6.2% Series	M	6.2%	10/12	Now	MW (T + .35%)		70		70			-
	5.875% Series –
179423AC2	Mississippi Business Finance Corp.	G(b)	5.875%	2022	Now	100%		216		216			216
	5.9% Series –
605277AC6	Mississippi Business Finance Corp.	G(b)	5.9%	2022	Now	100%		103		103			103
179423AK4	6.2% Series – Claiborne County	G(b)	6.2%	2026	Now	100%		90		90			90
	Total bonds							479		479			479
OTHER LONG-TERM DEBT:
	Grand Gulf Lease Obligation 5.13%		5.13%					295		322			345
	Unamortized Premium and Discount – Net							(1	)	(1	)		(1	)
TOTAL LONG-TERM DEBT								773		800			823
Less Amount Due Within One Year								28		27			93
Long-Term Debt Excluding Amount Due Within One Year							$	745		$773		$	730
Fair Value of Long-Term Debt(a)							$	364		$481		$	480
*M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.7%		5.6%			5.6%

(a) The fair value excludes lease obligations and long-term DOE obligations, and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

(b) Consists of pollution control revenue bonds and environmental revenue bonds.

Totals may not foot due to rounding.

Page 35

UTILITY STATISTICAL INFORMATION

UTILITY TOTAL CAPABILITY

			OWNED & LEASED (MW)(a)
	OPERATED			OPERATED (MW)
As of December 31, 2008.	PLANTS	UNITS
Plants that use fuel type:
Gas/Oil	29	75	14,631	14,822
Coal	3	5	2,259	3,883
Petroleum Coke	1	2	-	200
Total Fossil	33	82	16,890	18,905
Hydro	3	7	70	150
Nuclear	4	5	5,118	5,244
Total Capability	40	94	22,078	24,299

All plants that have units with multiple fuel types are in the Gas & Oil plant count.

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

UTILITY SELECTED OPERATING DATA

	2008		2007	2006		2005		2004
SOURCES OF ENERGY (GWh)(a)
Net Generation:
Gas & Oil	24,552		24,131	18,703		21,388		22,619
Coal	15,648		15,035	14,383		13,502		15,359
Nuclear	37,994		40,988	41,687		38,432		41,710
Hydro	197		135	74		97		151
Total Net Generation	78,391		80,289	74,847		73,419		79,839
Purchased Power:
Affiliated Companies	817		729	1,428		3,501		1,545
Non-affiliated Companies	32,582		33,978	36,974		36,689		36,422
Total Purchased Power	33,399		34,707	38,402		40,190		37,967
Total Sources of Energy	111,790		114,996	113,249		113,609		117,806
USES OF ENERGY (GWh)(a)
Electric Energy Sales:
Residential	33,047		33,281	31,665		31,569		32,897
Commercial	27,340		27,408	25,079		24,401		26,468
Industrial	37,843		38,985	38,339		37,615		40,293
Governmental	2,379		2,339	1,580		1,568		2,568
Total Retail	100,609		102,013	96,663		95,153		102,226
Sales for Resale	5,401		6,145	10,803		11,460		8,623
Unbilled Energy	(264	)	277	(167	)	(823	)	1,140
Total Electric Energy Sales	105,746		108,435	107,299		105,790		111,989
Line Losses and Company Usage	6,044		6,561	5,950		7,819		5,817
Total Uses of Energy	111,790		114,996	113,249		113,609		117,806
Peak Demand (MW)	21,241		22,001	20,887		21,391		21,174
Operational Summer Capacity at Peak (MW)	24,844		23,996	22,087		22,247		21,207
Annual System Load Factor (%)	59		59	62		59		60
Retail Electric Sales Growth Rate (%)(a)	(1.4	)	5.5	1.6		(1.1	)	2.3
Retail Electric Sales Weather-Adjusted Growth Rate (%)(a)	(0.5	)	6.0	1.9		(2.7	)	2.8
Regional Gross Domestic Product Rate (%)	1.6		3.8	2.6		(0.3	)	2.5
National Gross Domestic Product Rate (%)	1.3		2.2	3.3		3.6		4.4
Average Fuel Cost (cents/KWh)(a)
Natural Gas	10.28		8.05	7.75		9.91		7.31
Nuclear Fuel	0.60		0.57	0.51		0.49		0.49
Coal	2.06		1.86	1.76		1.57		1.39
Fuel Oil	19.45		14.13	13.34		7.05		5.02
Purchased Power	7.92		6.27	5.48		6.37		4.51

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Page 36

UTILITY STATISTICAL INFORMATION

2008 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION

	EAI	EGSL		ELL		EMI	ENOI	ETI		SERI		ELIMINATIONS		TOTAL		%
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	755,780	553,527		967,445		555,913	171,584	606,133		-		-		3,610,382		36%
Commercial	462,599	520,214		659,880		481,878	193,552	416,798		-		-		2,734,921		27%
Industrial	461,486	672,213		1,061,887		199,453	48,378	489,165		-		-		2,932,582		29%
Governmental	21,043	24,964		51,064		44,336	79,973	26,872		-		-		248,252		2%
Total Retail	1,700,908	1,770,918		2,740,276		1,281,580	493,487	1,538,968		-		-		9,526,137		95%
Sales for Resale	572,350	824,404		261,218		128,753	162,769	441,314		528,974		(2,595,172	)	324,610		3%
Other	55,091	37,630		49,800		51,849	16,684	31,976		24		(20,639	)	222,415		2%
Total	2,328,349	2,632,952		3,051,294		1,462,182	672,940	2,012,258		528,998		(2,615,811	)	10,073,160		100%
FUEL REVENUES (included in above revenues)
Residential	142,415	345,071		530,363		281,916	92,401	328,397		-		-		1,720,563		33%
Commercial	111,657	343,938		358,257		252,867	117,282	255,759		-		-		1,439,760		27%
Industrial	135,772	546,603		780,147		121,026	32,171	363,208		-		-		1,978,927		38%
Governmental	5,129	14,572		27,782		21,352	50,803	15,446		-		-		135,084		3%
Total Retail	394,973	1,250,184		1,696,549		677,161	292,657	962,810		-		-		5,274,334		100%
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	300	1,951		8,930		5,257	2,068	6,046		-		-		24,552		22%
Coal	8,273	2,615		-		2,827	-	1,933		-		-		15,648		14%
Nuclear	14,168	6,334		9,037		-	-	-		8,455		-		37,994		34%
Hydro	197	-		-		-	-	-		-		-		197		0%
Total Net Generation	22,938	10,900		17,967		8,084	2,068	7,979		8,455		-		78,391		70%
Purchased Power:
Affiliated Companies	3,480	7,725		5,996		4,903	3,391	5,696		-		(30,374	)	817		1%
Non-affiliated Companies	6,164	9,607		7,511		2,083	687	6,530		-		-		32,582		29%
Total Purchased Power	9,644	17,332		13,507		6,986	4,078	12,226		-		(30,374	)	33,399		30%
Total Sources of Energy	32,582	28,232		31,474		15,070	6,146	20,205		8,455		(30,374	)	111,790		100%
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	7,678	4,888		8,487		5,354	1,394	5,245		-		-		33,047		33%
Commercial	5,875	4,973		5,784		4,841	1,774	4,092		-		-		27,340		27%
Industrial	7,211	8,416		13,162		2,565	541	5,948		-		-		37,843		38%
Governmental	274	215		459		411	774	248		-		-		2,379		2%
Total Retail	21,038	18,492		27,892		13,171	4,483	15,533		-		-		100,609		100%
Sales for Resale	10,049	9,014		2,233		935	1,361	3,858		8,475		(30,524	)	5,401		-
Unbilled Energy	13	(138	)	(118	)	23	20	(64	)	-		-		(264	)	-
Total Electric Energy Sales	31,100	27,368		30,007		14,129	5,864	19,327		8,475		(30,524	)	105,746		-
Line Losses and Company Usage	1,482	864		1,467		941	282	878		(20	)	150		6,044		-
Total Uses of Energy	32,582	28,232		31,474		15,070	6,146	20,205		8,455		(30,374	)	111,790		-
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	9.84	11.32		11.40		10.38	12.31	11.56		-		-		10.92		-
Commercial	7.87	10.46		11.41		9.95	10.91	10.19		-		-		10.00		-
Industrial	6.40	7.99		8.07		7.78	8.94	8.22		-		-		7.75		-
Governmental	7.68	11.61		11.13		10.79	10.33	10.84		-		-		10.44		-
NUMBER OF RETAIL ELECTRIC CUSTOMERS (as of December 31, 2008)
Residential	578,664	320,745		571,301		362,649	124,432	346,533		-		-		2,304,324		86%
Commercial	87,322	48,636		73,617		62,556	12,622	42,005		-		-		326,758		12%
Industrial	20,922	3,761		7,592		2,827	2,514	4,532		-		-		42,148		2%
Governmental	640	1,666		5,387		4,208	1,381	2,112		-		-		15,394		1%
Total Retail Customers	687,548	374,808		657,897		432,240	140,949	395,182		-		-		2,688,624		100%

Totals may not foot due to rounding.

Page 37

UTILITY STATISTICAL INFORMATION

ENTERGY ARKANSAS, INC.

	2008	2007	2006	2005		2004
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	755,780	689,885	705,998	620,327		539,293
Commercial	462,599	408,561	417,914	347,641		304,809
Industrial	461,486	406,984	435,931	361,879		318,440
Governmental	21,043	18,972	19,390	17,722		15,796
Total Retail	1,700,908	1,524,402	1,579,233	1,347,569		1,178,338
Sales for Resale	572,350	458,372	472,509	403,090		436,049
Other	55,091	50,191	40,941	38,397		38,758
Total Electric Operating Revenues	2,328,349	2,032,965	2,092,683	1,789,056		1,653,145
FUEL REVENUES (included in above revenues)
Residential	142,415	124,582	183,931	107,585		70,315
Commercial	111,657	92,056	139,330	81,478		54,558
Industrial	135,772	115,077	179,291	103,181		69,712
Governmental	5,129	4,308	6,521	4,034		2,741
Total Retail Fuel Revenues	394,973	336,023	509,073	296,278		197,326
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	300	89	54	266		158
Coal	8,273	7,935	7,226	6,899		8,070
Nuclear	14,168	15,486	15,233	13,681		15,442
Hydro	197	135	74	97		151
Total Net Generation	22,938	23,645	22,587	20,943		23,821
Purchased Power:
Affiliated Companies	3,480	3,636	3,898	4,731		3,471
Non-affiliated Companies	6,164	5,790	7,107	5,858		6,562
Total Purchased Power	9,644	9,426	11,005	10,589		10,033
Total Sources of Energy	32,582	33,071	33,592	31,532		33,854
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	7,678	7,725	7,655	7,653		7,028
Commercial	5,875	5,945	5,816	5,730		5,428
Industrial	7,211	7,424	7,587	7,334		7,004
Governmental	274	277	273	288		275
Total Retail	21,038	21,371	21,331	21,005		19,735
Sales for Resale	10,049	9,836	10,608	8,658		12,348
Unbilled Energy	13	35	21	(83	)	121
Total Electric Energy Sales	31,100	31,242	31,960	29,580		32,204
Line Losses and Company Usage	1,482	1,829	1,632	1,952		1,650
Total Uses of Energy	32,582	33,071	33,592	31,532		33,854
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	9.84	8.93	9.22	8.11		7.67
Commercial	7.87	6.87	7.19	6.07		5.62
Industrial	6.40	5.48	5.75	4.93		4.55
Governmental	7.68	6.85	7.10	6.16		5.75
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	578,664	576,975	572,865	571,168		562,899
Commercial	87,322	86,532	84,768	82,508		82,778
Industrial	20,922	20,040	21,026	20,364		21,212
Governmental	640	618	662	643		601
Total Retail Customers	687,548	684,165	679,321	674,683		667,490

Totals may not foot due to rounding.

Page 38

UTILITY STATISTICAL INFORMATION

ENTERGY ARKANSAS, INC.

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)		EXPENSES PER NET MWH		TOTAL PRODUCTION EXPENSE ($000)
Cecil Lynch	2	100%	1949	60	Gas/Oil	Reserve	20,688		434.84		8,996
	3	100%	1954	110	Gas/Oil	Peaking
Harvey Couch	1	100%	1943	12	Gas/Oil	Reserve	22,733		349.71		7,950
	2	100%	1954	–	Gas/Oil	Reserve
Lake Catherine	1	100%	1950	47	Gas/Oil	Peaking	117,570		200.24		23,542
	2	100%	1950	45	Gas/Oil	Peaking
	3	100%	1953	96	Gas/Oil	Peaking
	4	100%	1970	532	Gas/Oil	Peaking
Hamilton Moses	1	100%	1951	70	Gas/Oil	Peaking(c)	(89	)	(5,011.24	)	446
	2	100%	1951	70	Gas/Oil	Peaking(c)
Mabelvale	1	100%	1970	14	Gas/Oil	Peaking	3,334		445.71		1,486
	2	100%	1970	14	Gas/Oil	Peaking
	3	100%	1970	14	Gas/Oil	Peaking
	4	100%	1970	14	Gas/Oil	Peaking
Robert Ritchie	1	100%	1961	–	Gas/Oil	Reserve	(79	)	(11,746.84	)	928
	3	100%	1970	16	Gas/Oil	Peaking	13		4,923.08		64
Ouachita	1	100%	2002	255	Gas	Intermediate	135,590		192.08		26,044
	2	100%	2002	255	Gas	Intermediate
	3	100%	2002	255	Gas	Intermediate
Independence	1	31.5%	1983	263	Coal	Base	1,900,944		21.91		41,649
White Bluff	1	57%	1980	465	Coal	Base	6,372,138		22.32		142,229
	2	57%	1981	479	Coal	Base
Cecil Lynch	Diesel	100%	1967	5	Oil	Peaking	-		-		5
Carpenter	1	100%	1932	29	Hydro	Peaking	150,016		9.92		1,488
	2	100%	1932	30	Hydro	Peaking
Remmel	1	100%	1925	4	Hydro	Peaking	47,151		14.76		696
	2	100%	1925	3	Hydro	Peaking
	3	100%	1925	4	Hydro	Peaking
Arkansas
Nuclear One	1	100%	1974	843	Nuclear PWR(b)	Base	14,168,106		17.25		244,458
	2	100%	1980	996	Nuclear PWR(b)	Base
Total				4,999			22,938,115		21.80		499,981

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

(b) PWR = Pressurized Water Reactor.

(c) While available for service, plant was in reserve shutdown and thus not used for load requirements.

ENTERGY GULF STATES, INC.

HISTORICAL DATA PRIOR TO SEPARATION^(a)

	2007	2006		2005		2004
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	7,669	7,036		9,320		8,496
Coal	4,074	4,460		4,077		4,609
Nuclear	7,188	7,461		7,808		7,413
Hydro	-	-		-		-
Total Net Generation	18,931	18,957		21,205		20,518
Purchased Power:
Affiliated Companies	5,514	4,664		3,521		5,478
Non-affiliated Companies	17,658	18,690		17,500		16,072
Total Purchased Power	23,172	23,354		21,021		21,550
Total Sources of Energy	42,103	42,311		42,226		42,068
USES OF ENERGY (GWh)
Electric Energy Sales:
Louisiana
Residential	4,934	4,899		4,817		4,677
Commercial	4,895	4,836		4,608		4,628
Industrial	9,101	9,150		9,317		9,757
Governmental	204	199		197		187
Texas
Residential	5,281	5,211		5,207		5,126
Commercial	4,085	4,002		3,878		3,816
Industrial	5,911	5,915		5,650		6,839
Governmental	244	255		244		245
Total Retail	34,655	34,467		33,918		35,275
Sales for Resale	5,388	6,155		6,017		4,700
Unbilled Energy	125	(148	)	(286	)	420
Total Electric Energy Sales	40,168	40,474		39,649		40,395
Line Losses and Company Usage	1,935	1,837		2,577		1,673
Total Uses of Energy	42,103	42,311		42,226		42,068

(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies, one operating under the sole retail jurisdiction of the PUCT, Entergy Texas, Inc., and the other operating under the sole retail jurisdiction of the LPSC, Entergy Gulf States Louisiana, L.L.C., Entergy Gulf States Louisiana, L.L.C. is the successor for financial reporting purposes to Entergy Gulf States, Inc. Certain historical data by separate company is unavailable.

Page 39

UTILITY STATISTICAL INFORMATION

ENTERGY GULF STATES LOUISIANA, L.L.C.^(a)

	2008		2007	2006	2005	2004
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	553,527		497,782	522,227	457,498	412,135
Commercial	520,214		452,930	476,537	406,921	369,044
Industrial	672,213		620,472	686,295	625,709	570,130
Governmental	24,964		21,710	22,520	19,562	17,468
Total Retail	1,770,918		1,592,894	1,707,579	1,509,690	1,368,777
Sales for Resale	824,404
Other	37,630		REFER TO PAGE 39
Total Electric Operating Revenues	2,632,952
FUEL REVENUES (included in above revenues)
Residential	345,071		277,105	284,937	266,854	203,436
Commercial	343,938		271,015	280,628	252,200	198,629
Industrial	546,603		476,015	508,048	477,232	401,413
Governmental	14,572		11,120	11,459	10,645	7,903
Total Retail Fuel Revenues	1,250,184		1,035,255	1,085,072	1,006,931	811,381
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	1,951		REFER TO PAGE 39
Coal	2,615
Nuclear	6,334
Hydro	-
Total Net Generation	10,900
Purchased Power:
Affiliated Companies	7,725
Non-affiliated Companies	9,607
Total Purchased Power	17,332
Total Sources of Energy	28,232
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	4,888		4,934	4,899	4,817	4,677
Commercial	4,973		4,895	4,836	4,608	4,628
Industrial	8,416		9,101	9,150	9,317	9,757
Governmental	215		204	199	197	187
Total Retail	18,492		19,134	19,084	18,939	19,249
Sales for Resale	9,014		REFER TO PAGE 39
Unbilled Energy	(138	)
Total Electric Energy Sales	27,368
Line Losses and Company Usage	864
Total Uses of Energy	28,232
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	11.32		10.09	10.66	9.50	8.81
Commercial	10.46		9.25	9.85	8.83	7.97
Industrial	7.99		6.82	7.50	6.72	5.84
Governmental	11.61		10.64	11.34	9.94	9.35
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	320,745		317,001	311,739	305,714	301,014
Commercial	48,636		47,749	46,351	45,421	45,004
Industrial	3,761		4,320	4,558	4,268	3,957
Governmental	1,666		1,642	1,528	1,457	1,431
Total Retail Customers	374,808		370,712	364,176	356,860	351,406

(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies, one operating under the sole retail jurisdiction of the PUCT, Entergy Texas, Inc., and the other operating under the sole retail jurisdiction of the LPSC, Entergy Gulf States Louisiana, L.L.C., Entergy Gulf States Louisiana, L.L.C. is the successor for financial reporting purposes to Entergy Gulf States, Inc. Certain historical data by separate company is unavailable.

Page 39 reflects historical data prior to the separation.

Page 40

UTILITY STATISTICAL INFORMATION

ENTERGY TEXAS, INC.^(a)

	2008		2007	2006	2005	2004
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	606,133		544,254	599,494	502,135	468,704
Commercial	416,798		364,322	406,198	327,287	302,699
Industrial	489,165		414,036	463,640	388,285	405,650
Governmental	26,872		23,583	26,609	21,693	20,535
Total Retail	1,538,968		1,346,195	1,495,941	1,239,400	1,197,588
Sales for Resale	441,314		REFER TO PAGE 39
Other	31,976
Total Electric Operating Revenues	2,012,258
FUEL REVENUES (included in above revenues)
Residential	328,397		281,118	351,457	268,957	240,147
Commercial	255,759		213,574	266,062	199,093	177,984
Industrial	363,208		298,219	350,788	284,032	293,254
Governmental	15,446		12,946	16,802	12,465	11,330
Total Retail Fuel Revenues	962,810		805,857	985,109	764,547	722,715
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	6,046		REFER TO PAGE 39
Coal	1,933
Nuclear	-
Hydro	-
Total Net Generation	7,979
Purchased Power:
Affiliated Companies	5,696
Non-affiliated Companies	6,530
Total Purchased Power	12,226
Total Sources of Energy	20,205
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	5,245		5,281	5,211	5,207	5,126
Commercial	4,092		4,085	4,002	3,878	3,816
Industrial	5,948		5,911	5,915	5,650	6,839
Governmental	248		246	255	244	245
Total Retail	15,533		15,522	15,383	14,979	16,026
Sales for Resale	3,858		REFER TO PAGE 39
Unbilled Energy	(64	)
Total Electric Energy Sales	19,327
Line Losses and Company Usage	878
Total Uses of Energy	20,205
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	11.56		10.31	11.50	9.64	9.14
Commercial	10.19		8.92	10.15	8.44	7.93
Industrial	8.22		7.00	7.84	6.87	5.93
Governmental	10.84		9.63	10.41	8.88	8.37
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	346,533		344,704	336,652	335,089	326,556
Commercial	42,005		41,963	40,806	40,887	39,680
Industrial	4,532		4,934	5,013	4,911	4,732
Governmental	2,112		2,085	2,052	2,017	1,923
Total Retail Customers	395,182		393,686	384,523	382,904	372,891

(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies, one operating under the sole retail jurisdiction of the PUCT, Entergy Texas, Inc., and the other operating under the sole retail jurisdiction of the LPSC, Entergy Gulf States Louisiana, L.L.C., Entergy Gulf States Louisiana, L.L.C. is the successor for financial reporting purposes to Entergy Gulf States, Inc. Certain historical data by separate company is unavailable.

Page 39 reflects historical data prior to the separation.

Page 41

UTILITY STATISTICAL INFORMATION

ENTERGY GULF STATES LOUISIANA, L.L.C.

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)	EXPENSES PER NET MWH	TOTAL PRODUCTION EXPENSE ($000)
LA Station 2	7	100%	1950	–	Gas	Reserve	-	-	378
	8	100%	1950	–	Gas	Reserve
	9	100%	1953	–	Gas	Reserve
Willow Glen	1	100%	1960	152	Gas/Oil	Peaking	246,204	172.04	42,357
	2	100%	1964	205	Gas/Oil	Peaking
	3	100%	1968	450	Gas	Reserve
	4	100%	1973	470	Gas/Oil	Peaking
	5	100%	1976	–	Gas/Oil	Reserve
Roy S. Nelson	3	100%	1960	153	Gas/Oil	Intermediate	1,303,010	129.40	168,603
	4	100%	1970	500	Gas/Oil	Intermediate
Calcasieu	1	100%	2000	150	Gas	Peaking	401,890	76.44	30,720
	2	100%	2001	160	Gas	Peaking
Roy S. Nelson	6	40%	1982	221	Coal	Base	1,488,706	36.92	54,959
Big Cajun 2	3	24%	1983	142	Coal	Base	1,126,695	21.26	23,950
River Bend	1	100%(c)	1986	971	Nuclear BWR(b)	Base	6,333,385	25.43	161,079
Total				3,574			10,899,890	44.22	482,046

ENTERGY TEXAS, INC.

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)	EXPENSES PER NET MWH	TOTAL PRODUCTION EXPENSE ($000)
Roy S. Nelson	6	30%	1982	164	Coal	Base	1,100,339	37.12	40,846
Big Cajun 2	3	18%	1983	105	Coal	Base	832,774	21.31	17,747
Lewis Creek	1	100%	1970	230	Gas/Oil	Intermediate	2,068,821	104.08	215,325
	2	100%	1971	230	Gas/Oil	Intermediate
Sabine	1	100%	1962	212	Gas/Oil	Intermediate	3,977,105	110.80	440,672
	2	100%	1962	212	Gas/Oil	Intermediate
	3	100%	1966	390	Gas/Oil	Intermediate
	4	100%	1974	530	Gas	Intermediate
	5	100%	1979	470	Gas/Oil	Intermediate
Total				2,543			7,979,039	89.56	714,590

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

(b) BWR = Boiling Water Reactor.

(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities.

Page 42

UTILITY STATISTICAL INFORMATION

ENTERGY LOUISIANA, LLC

	2008		2007	2006		2005		2004
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	967,445		853,780	797,197		827,926		769,770
Commercial	659,880		578,025	532,999		538,683		501,536
Industrial	1,061,887		871,853	809,237		834,320		779,103
Governmental	51,064		43,550	40,454		40,813		37,894
Total Retail	2,740,276		2,347,208	2,179,887		2,241,742		2,088,303
Sales for Resale	261,218		318,001	227,391		352,544		109,085
Other	49,800		72,343	43,980		55,895		29,598
Total Electric Operating Revenues	3,051,294		2,737,552	2,451,258		2,650,181		2,226,986
FUEL REVENUES (included in above revenues)
Residential	530,363		415,883	374,595		430,830		355,871
Commercial	358,257		280,200	249,803		277,180		230,357
Industrial	780,147		614,448	545,040		588,943		512,924
Governmental	27,782		21,305	19,313		21,022		17,523
Total Retail Fuel Revenues	1,696,549		1,331,836	1,188,751		1,317,975		1,116,675
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	8,930		8,784	7,486		8,968		8,486
Coal	-		-	-		-		-
Nuclear	9,037		9,893	9,270		7,885		9,654
Hydro	-		-	-		-		-
Total Net Generation	17,967		18,677	16,756		16,853		18,140
Purchased Power:
Affiliated Companies	5,996		6,025	6,612		6,027		4,505
Non-affiliated Companies	7,511		7,484	7,945		8,212		8,416
Total Purchased Power	13,507		13,509	14,557		14,239		12,921
Total Sources of Energy	31,474		32,186	31,313		31,092		31,061
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	8,487		8,646	8,513		8,559		8,842
Commercial	5,784		5,848	5,680		5,554		5,762
Industrial	13,162		13,209	12,759		12,348		13,140
Governmental	459		446	435		428		439
Total Retail	27,892		28,149	27,387		26,889		28,183
Sales for Resale	2,233		2,411	2,470		2,560		1,251
Unbilled Energy	(118	)	124	(25	)	(379	)	415
Total Electric Energy Sales	30,007		30,684	29,832		29,070		29,849
Line Losses and Company Usage	1,467		1,502	1,481		2,022		1,212
Total Uses of Energy	31,474		32,186	31,313		31,092		31,061
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	11.40		9.87	9.32		9.67		8.71
Commercial	11.41		9.88	9.33		9.70		8.70
Industrial	8.07		6.60	6.34		6.76		5.93
Governmental	11.13		9.76	9.18		9.53		8.63
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	571,301		568,893	560,462		539,912		575,701
Commercial	73,617		73,012	71,029		66,897		73,622
Industrial	7,592		8,374	8,563		7,005		7,858
Governmental	5,387		5,229	4,858		4,494		5,274
Total Retail Customers	657,897		655,508	644,912		618,308		662,455

Totals may not foot due to rounding.

Page 43

UTILITY STATISTICAL INFORMATION

ENTERGY LOUISIANA, LLC

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)	EXPENSES PER NET MWH	TOTAL PRODUCTION EXPENSE ($000)
Buras	8	100%	1971	12	Gas/Oil	Peaking	737	1,108.55	817
Little Gypsy	1	100%	1961	238	Gas/Oil	Intermediate	2,015,926	127.81	257,649
	2	100%	1966	415	Gas/Oil	Intermediate
	3	100%	1969	525	Gas/Oil	Intermediate
Monroe	10	100%	1961	–	Gas	Reserve	-	-	277
	11	100%	1965	–	Gas	Reserve
	12	100%	1968	–	Gas	Reserve
Ninemile Point	1	100%	1951	50	Gas/Oil	Reserve	4,146,889	124.59	516,665
	2	100%	1953	–	Gas/Oil	Reserve
	3	100%	1955	125	Gas/Oil	Intermediate
	4	100%	1971	710	Gas/Oil	Intermediate
	5	100%	1973	711	Gas/Oil	Intermediate
Perryville	1	100%	2002	535	Gas	Intermediate	2,210,876	82.95	183,387
	2	100%	2001	156	Gas	Peaking
Sterlington	6	100%	1958	212	Gas/Oil	Peaking	8,260	560.29	4,628
	7	100%	1974	180	Gas/Oil	Peaking
Waterford	1	100%	1975	411	Gas/Oil	Intermediate	547,472	162.83	89,145
	2	100%	1975	405	Gas/Oil	Intermediate
Waterford	3	100%	1985	1,169	Nuclear PWR(b)	Base	9,037,123	17.92	161,949
Total				5,854			17,967,283	67.60	1,214,517

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

(b) PWR = Pressurized Water Reactor.

Page 44

UTILITY STATISTICAL INFORMATION

ENTERGY MISSISSIPPI, INC.

	2008	2007		2006		2005		2004
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	555,913	500,097		568,435		503,232		467,459
Commercial	481,878	427,545		484,297		420,507		396,482
Industrial	199,453	185,119		235,281		209,270		203,603
Governmental	44,336	40,417		45,433		40,605		38,258
Total Retail	1,281,580	1,153,178		1,333,446		1,173,614		1,105,802
Sales for Resale	128,753	171,710		80,445		98,885		68,417
Other	51,849	47,914		36,117		34,041		39,410
Total Electric Operating Revenues	1,462,182	1,372,802		1,450,008		1,306,543		1,213,629
FUEL REVENUES (included in above revenues)
Residential	281,916	215,446		316,861		251,338		229,326
Commercial	252,867	192,289		280,819		220,024		203,634
Industrial	121,026	100,293		157,157		128,483		119,811
Governmental	21,352	16,605		24,908		19,440		17,885
Total Retail Fuel Revenues	677,161	524,633		779,745		619,285		570,656
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	5,257	5,734		4,127		2,834		3,333
Coal	2,827	3,026		2,697		2,526		2,679
Nuclear	-	-		-		-		-
Hydro	-	-		-		-		-
Total Net Generation	8,084	8,760		6,824		5,360		6,012
Purchased Power:
Affiliated Companies	4,903	4,602		5,327		4,924		5,337
Non-affiliated Companies	2,083	2,706		3,232		5,119		3,390
Total Purchased Power	6,986	7,308		8,559		10,043		8,727
Total Sources of Energy	15,070	16,068		15,383		15,403		14,739
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	5,354	5,474		5,387		5,333		5,085
Commercial	4,841	4,872		4,746		4,630		4,518
Industrial	2,565	2,771		2,927		2,967		2,977
Governmental	411	421		417		411		398
Total Retail	13,171	13,538		13,477		13,341		12,978
Sales for Resale	935	1,493		900		936		698
Unbilled Energy	23	(22	)	(15	)	(75	)	142
Total Electric Energy Sales	14,129	15,009		14,362		14,202		13,818
Line Losses and Company Usage	941	1,059		1,021		1,201		921
Total Uses of Energy	15,070	16,068		15,383		15,403		14,739
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	10.38	9.14		10.55		9.44		9.19
Commercial	9.95	8.78		10.20		9.08		8.78
Industrial	7.78	6.68		8.04		7.05		6.84
Governmental	10.79	9.60		10.90		9.88		9.61
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	362,649	361,725		357,564		359,538		351,274
Commercial	62,556	63,642		62,594		60,826		60,338
Industrial	2,827	3,109		3,014		2,739		3,915
Governmental	4,208	4,096		4,066		3,856		4,036
Total Retail Customers	432,240	432,572		427,238		426,959		419,563

Totals may not foot due to rounding.

Page 45

UTILITY STATISTICAL INFORMATION

ENTERGY MISSISSIPPI, INC.

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)		EXPENSES PER NET MWH		TOTAL PRODUCTION EXPENSE ($000)
Attala	1	100%	2001	455	Gas	Intermediate	2,235,397		79.86		178,512
Baxter Wilson	1	100%	1967	500	Gas/Oil	Intermediate	1,773,420		122.27		216,837
	2	100%	1971	676	Gas/Oil	Intermediate
Delta	1	100%	1953	90	Gas/Oil	Peaking	10,246		333.30		3,415
	2	100%	1953	87	Gas/Oil	Peaking
Gerald Andrus	1	100%	1975	712	Gas/Oil	Intermediate	1,142,873		123.19		140,786
Natchez	1	100%	1951	–	Gas/Oil	Reserve	(1	)	(177,000.00	)	177
Rex Brown	1	100%	1948	–	Gas	Reserve	94,691		214.71		20,331
	3	100%	1951	70	Gas/Oil	Peaking
	4	100%	1959	203	Gas/Oil	Intermediate
	5	100%	1968	11	Oil	Peaking
Independence	1	25%	1983	209	Coal	Base	2,826,652		22.73		64,255
Independence	2	25%	1984	211	Coal	Base
Total				3,224			8,083,278		77.24		624,313

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

Page 46

UTILITY STATISTICAL INFORMATION

ENTERGY NEW ORLEANS, INC.

	2008	2007	2006		2005	2004
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	171,584	142,497	105,924		150,409	184,155
Commercial	193,552	181,438	165,066		145,321	170,812
Industrial	48,378	46,697	44,582		31,597	34,261
Governmental	79,973	72,467	59,399		59,450	69,680
Total Retail	493,487	443,099	374,971		386,777	458,908
Sales for Resale	162,769	103,843	91,283		138,528	119,407
Other	16,684	10,516	4,812		10,711	10,142
Total Electric Operating Revenues	672,940	557,458	471,066		536,016	588,457
FUEL REVENUES (included in above revenues)
Residential	92,401	71,496	51,865		59,361	67,891
Commercial	117,282	101,932	92,894		64,164	71,413
Industrial	32,171	28,745	28,952		17,044	17,706
Governmental	50,803	42,750	34,839		28,496	30,994
Total Retail Fuel Revenues	292,657	244,923	208,550		169,065	188,004
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	2,068	1,855	773		1,661	2,146
Coal	-	-	-		-	-
Nuclear	-	-	-		-	-
Hydro	-	-	-		-	-
Total Net Generation	2,068	1,855	773		1,661	2,146
Purchased Power:
Affiliated Companies	3,391	3,428	4,445		4,024	3,880
Non-affiliated Companies	687	340	41		1,232	1,982
Total Purchased Power	4,078	3,768	4,486		5,256	5,862
Total Sources of Energy	6,146	5,623	5,259		6,917	8,008
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	1,394	1,221	914		1,616	2,139
Commercial	1,774	1,763	1,666		1,798	2,316
Industrial	541	568	547		498	575
Governmental	774	747	632		800	1,025
Total Retail	4,483	4,299	3,759		4,712	6,055
Sales for Resale	1,361	1,010	1,298		2,041	1,539
Unbilled Energy	20	15	(1	)	135	41
Total Electric Energy Sales	5,864	5,324	5,056		6,888	7,635
Line Losses and Company Usage	282	299	203		29	373
Total Uses of Energy	6,146	5,623	5,259		6,917	8,008
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	12.31	11.67	11.59		9.31	8.61
Commercial	10.91	10.29	9.91		8.08	7.37
Industrial	8.94	8.22	8.15		6.34	5.96
Governmental	10.33	9.70	9.40		7.43	6.80
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	124,432	115,523	83,300		152,429	169,498
Commercial	12,622	12,211	10,000		14,220	16,376
Industrial	2,514	2,765	1,000		1,161	1,309
Governmental	1,381	1,308	700		858	1,798
Total Retail Customers	140,949	131,807	95,000		168,668	188,981

Totals may not foot due to rounding.

Page 47

UTILITY STATISTICAL INFORMATION

ENTERGY NEW ORLEANS, INC.

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)	EXPENSES PER NET MWH	TOTAL PRODUCTION EXPENSE ($000)
A. B. Paterson	3	100%	1950	–	Gas/Oil	Reserve	-	-	231
	4	100%	1954	–	Gas/Oil	Reserve
Michoud	1	100%	1957	–	Gas/Oil	Reserve	2,068,024	119.57	247,274
	2	100%	1963	230	Gas/Oil	Intermediate
	3	100%	1967	515	Gas/Oil	Intermediate
A. B. Paterson	5	100%	1967	–	Oil	Reserve	-	-	40
Total				745			2,068,024	119.70	247,545

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

SYSTEM ENERGY RESOURCES, INC.

	2008		2007		2006		2005		2004
ELECTRIC OPERATING REVENUES ($ thousands)	528,998		553,193		555,459		533,929		545,381
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	-		-		-		-		-
Coal	-		-		-		-		-
Nuclear	8,455		8,421		9,723		9,058		9,202
Hydro	-		-		-		-		-
Total Net Generation	8,455		8,421		9,723		9,058		9,202
Purchased Power	-		-		-		-		-
Total Sources of Energy	8,455		8,421		9,723		9,058		9,202
USES OF ENERGY (GWh)
Electric Energy Sales	8,475		8,440		9,727		9,070		9,212
Unbilled Energy	-		-		-		-		-
Line Losses and Company Usage	(20	)	(19	)	(4	)	(12	)	(10	)
Total Uses of Energy	8,455		8,421		9,723		9,058		9,202

Totals may not foot due to rounding.

SYSTEM ENERGY RESOURCES, INC.

GENERATION PORTFOLIO

							TOTAL PLANT – 2008
PLANT	UNIT	OWNERSHIP	COMMERCIAL OPERATION	OWNED & LEASED CAPABILITY (MW)(a)	FUEL TYPE	PURPOSE	NET GENERATION (MWH)	EXPENSES PER NET MWH	TOTAL PRODUCTION EXPENSE ($000)
Grand Gulf	1	90%	1985	1,139	Nuclear BWR(b)	Base	8,455,181	18.32	154,873
Total				1,139			8,455,181	18.32	154,873

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

(b) BWR = Boiling Water Reactor.

Page 48

UTILITY STATISTICAL INFORMATION

UTILITY NUCLEAR PLANT STATISTICS

The following table shows plant performance for 2004 – 2008 based on 18/24 month operating cycle.

CAPABILITY FACTOR (%)	2008	2007	2006	2005	2004
ANO	92.6	92.8	88.3	88.5	93.3
Grand Gulf	85.4	89.5	91.9	93.3	93.7
River Bend	81.8	88.1	90.9	85.8	90.9
Waterford 3	90.6	91.5	93.5	89.0	93.6
Entergy Southeast Average	88.6	90.9	90.6	89.2	92.9
Industry Average	90.7	91.1	90.5	90.1	89.7
The following table shows plant performance for 2008 and averages for four three-year periods.
PRODUCTION COST ($/MWh)(a)	2008	2005–2007	2004–2006	2003–2005	2002–2004
ANO	17.2	16.0	15.5	15.1	14.8
Grand Gulf	18.2	15.3	14.2	13.7	13.6
River Bend	25.3	20.1	18.8	17.9	17.0
Waterford 3	17.8	16.7	15.9	16.0	15.5
Entergy Southeast Average	18.9	16.7	15.9	15.5	15.1
Industry Average	19.7	17.6	16.9	16.5	16.1

(a) Fuel and non-fuel operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh.

INDIVIDUAL PLANT INFORMATION

	ANO			GRAND GULF	RIVER BEND		WATERFORD 3
	UNIT 1		UNIT 2
Owner	Entergy Arkansas		Entergy Arkansas	System Energy-90% South Mississippi Electric Power Association-10%	Entergy Gulf States Louisiana		Entergy Louisiana
Commercial Operation Date	December 74		March 80	July 85	June 86		September 85
License Expiration Date	5/20/34		7/17/38	11/1/24	8/29/25		12/18/24
Architect/Engineer	Bechtel Power		Bechtel Power	Bechtel Power	Stone & Webster		Ebasco
Reactor Manufacturer	Babcox & Wilcox		Combustion Engineering	General Electric	General Electric		Combustion Engineering
Reactor Type	PWR		PWR	BWR	BWR		PWR
Turbine Generator Manufacturer	Westinghouse		General Electric	Kraftwerk Union	General Electric		Westinghouse
Owned and Leased Capability (MW)(a)	843		996	1,139	971	(c)	1,169
Refueling Data:
Last Date	10/26/08- 12/12/08		3/16/08- 4/10/08	9/21/08- 10/23/08	1/6/08- 3/3/08		4/26/08- 6/1/08
Number of Days	47		26	31	57		35
Next Scheduled Refueling	Spring 10		Fall 09	Spring 10	Fall 09		Fall 09
2008 Capability Factor (%)	90.4		94.8	85.4	81.8		90.6
($ millions as of December 31, 2008)
Net Book Value	1,180	(b)		1,449	1,426	(c)	1,330
Decommissioning Trust Fund Balance	391	(b)		269	303	(c)	181
Decommissioning Liability	534	(b)		396	215	(c)	266

(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

(b) ANO Units 1 and 2 are reported together.

(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities, and is included in non-utility property on the balance sheet. The decommissioning trust fund balance and decommissioning liability include amounts for the 30% not subject to rate regulation.

Page 49

UTILITY REGULATORY INFORMATION

STATE REGULATORY COMMISSIONS

	ARKANSAS	LOUISIANA	MISSISSIPPI	NEW ORLEANS	TEXAS
Commission	Arkansas Public Service Commission	Louisiana Public Service Commission	Mississippi Public Service Commission	New Orleans City Council	Public Utility Commission of Texas
Number of Commissioners	3	5	3	7	3
Method of Selection	Appointed by Governor	Elected	Elected	Elected	Appointed by Governor
Term of Office	6 years – staggered	6 years – staggered	4 years – concurrent	4 years – concurrent (2 term limit)	6 years – staggered
Chair/President	Appointed by Governor	Selected by peers – 1 year term	Rotates every 1 - 2 years, as determined by members	Selected by peers from two at-large seats	Appointed by Governor

COMMISSION/COUNCIL MEMBERS

	PARTY	SERVICE BEGAN	CURRENT TERM ENDS
ARKANSAS
Paul Suskie – Chair	Democrat	1/07	1/13
Colette Honorable	Democrat	10/07	1/11
Olan W. Reeves	unknown	1/09	1/15
LOUISIANA
Lambert Boissiere III - Chairman	Democrat	1/05	12/10
Eric Skrmetta	Republican	1/09	12/14
Clyde C. Holloway	Republican	4/09	12/10
James M. Field	Republican	12/96	12/12
Foster L. Campbell, Jr.	Democrat	1/03	12/14
MISSISSIPPI
Leonard Bentz	Republican	4/06	12/11
Lynn Posey	Democrat	1/08	12/11
Brandon Presley	Democrat	1/08	12/11
NEW ORLEANS
Arnie Fielkow – President	Democrat	5/06	5/10
Jacquelyn Brechtel Clarkson	Democrat	11/07	5/10
Shelley Midura	Democrat	5/06	5/10
Stacy S. Head	Democrat	5/06	5/10
James Carter	Democrat	5/06	5/10
Cynthia Hedge-Morrell	Democrat	4/05	5/10
Cynthia Willard-Lewis	Democrat	5/02	5/10
TEXAS
Barry Smitherman – Chair	Republican	4/04	8/13
Donna L. Nelson	Republican	8/08	8/09
Kenneth W. Anderson Jr.	Republican	9/08	8/11

Page 50

SELECT UTILITY REGULATORY MECHANISMS

COMPANY	LAST FILED RATE BASE ($ BILLIONS)	ALLOWED ROE (%)	JURISDICTIONAL REGULATORY MECHANISMS
EAI	3.8 12/31/2008	9.9	Rate Case	•   No fixed schedule for rate filings. EAI filed a rate case on August 15, 2006. •   In April 2009, the Arkansas Supreme Court denied EAI’s petition for review of the Court of Appeals decision on its rate case.
EGSL	1.7 12/31/2007	9.9 – 11.4 Electric 10.65 midpoint 10.5 Gas 60/40 customer/ company sharing (Electric)	FRP	•   Annual filing in May; any change in rates typically effective in September. •   Current FRP arrangement expired; EGSL is interested in pursuing an extension and is in discussions with LPSC staff concerning this matter.
ELL	2.9 12/31/2007	9.45 – 11.05 10.25 midpoint 60/40 customer/ company sharing	FRP	•   Annual filing in May; any change in rates typically effective in September. •   Current FRP arrangement expired; ELL is interested in pursuing an extension and is in discussions with LPSC staff concerning this matter.
EMI	1.5 12/31/2008	9.46 – 12.24(a) 10.85 midpoint 50/50 customer/ company sharing 100 bps for price, reliability, satisfaction	FRP	•   Annual filing in March; any change in rates typically effective in first billing cycle of May. •   Any disputed changes in rates typically effective in first billing cycle of July.
ENOI	0.4 12/31/2007	11.1 Electric +/- 40 bp 10.75 Gas +/- 50 bps Earnings outside bandwidth reset to midpoint ROE	FRP	•   In October 2006, the City Council of New Orleans unanimously approved a settlement agreement with ENOI that called for a phased-in rate increase to ensure the company’s ability to focus on restoration of the gas and electric systems. Rate settlement in place until next base rate case was filed in July 31, 2008. The agreement discontinued FRP, but allowed ENOI to seek reinstatement of an appropriate FRP following resetting of rates in 2009. •   With New Orleans’ recovery taking place faster than expected, in December 2007, ENOI announced a voluntary 6.15% base rate credit on electric bills. •   On April 2, 2009, the City Council of New Orleans approved a comprehensive settlement. A new three-year formula rate plan was adopted, with terms including an 11.1% electric ROE with a +/- 40 bp bandwidth and a 10.75% gas ROE with a +/- 50 bp bandwidth. Earnings outside the bandwidth reset to the midpoint ROE, with the difference flowing to customers or ENOI depending on whether ENOI is over or under-earning. FRP also includes a recovery mechanism for the City Council approved capacity additions, plus provisions for extraordinary cost changes and force majeure. The settlement also implements energy conservation and demand programs.
ETI	1.7 3/31/2007	10.00(b)	Riders	•   2005 legislation authorized two riders – incremental purchased power capacity costs up to five percent of annual base rate revenues and transition to competition costs.
				•   $18M annual purchased power rider implemented December 2005 with first reconciliation filing in May 2006 reconciling capacity from previous September forward. In January 2008, an agreement was filed to increase purchased power rider to $21M and add a surcharge for $10.3M of under-recovered costs.
				•   $14.5M annual TTC rider implemented March 2006. Black box settlement designed to provide a fair return and recovery of costs on the balance sheet.
				•   The unanimous settlement eliminated the incremental purchased power capacity cost rider but did not affect the TTC rider.
			Rate Case	•   During 2008, base rates were set at rates approved by the PUCT in June 1999.
				•   ETI filed a rate case in September 2007. A unanimous settlement was reached by parties on December 16, 2008.
				•   On March 11, 2009, the Public Utility Commission of Texas approved the unanimous settlement which implemented interim rates effective January 28, 2009, for usage beginning December 19, 2008.
SERI	1.3 monthly filing	10.94		•       Real-time recovery mechanism.
TOTAL	13.3

(a) EMI’s 2007 test year filed ROE range was 11.08-13.6%; Stipulated settlement for 2007 FRP Evaluation Report was denied by the MPSC. EMI appealed the outcome to the Mississippi Supreme Court. EMI’s 2008 test year filed ROE range was 11.91-14.42%.

(b) Unanimous settlement stipulated 10% as a reasonable ROE.

Page 51

UTILITY ELECTRIC AND GAS FUEL RECOVERY MECHANISMS

	DEFERRED FUEL BALANCE AS OF DECEMBER 31,
COMPANY	2008		2007	2006	2005	2004	FUEL RECOVERY MECHANISM
			($ millions)
EAI	119.1		114.8	2.2	204.2	7.4	Annual reset in April based on prior calendar year fuel and purchased power costs adjusted for nuclear refueling outages and projected sales plus any under- or over-recovered fuel balance for the prior calendar year.
EGSL	8.1		105.8	119.5	121.2	11.6	Electric: Monthly reset based on fuel and purchased power costs from two months prior plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
							Gas: Monthly reset based on estimated gas costs plus a surcharge with an annual reset calculated by taking the over- or under- recovered balance at the end of June and dividing by the projected sales for the next 12 months.
ELL	(23.6	)	19.2	114.3	21.9	8.7	Monthly reset based on fuel and purchased power costs from two months prior plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
EMI	5.0		(76.6)	(95.2)	114.0	(22.8)	Quarterly reset based on projected fuel and purchased power costs and projected sales plus any under- or over-recovered fuel balance from the second prior quarter.
ENOI	21.8		17.3	19.0	30.6	2.6	Electric: Monthly reset based on no more than targeted fuel and purchased power costs and any difference between actual and base rate non-fuel items including Grand Gulf non-fuel costs and Resource Plan non-fuel costs paid by ENOI. A surcharge or credit is calculated on the under- or over-recovered fuel balance based on the most recent 12 months actual kWh sales.
							On April 2, 2009 the New Orleans City Council approved a new Fuel Adjustment Clause tariff that calculates a monthly rate based on fuel and purchased power costs from two months prior. A surcharge or credit will be calculated on any under- or over-recovered fuel balance based on the most recent 12 months actual kWh sales. Under the new tariff Grand Gulf non-fuel costs will be recovered through base rates but Resource Plan non-fuel costs will continue to be collected through the Fuel Adjustment Clause. The new tariff will become effective on June 1, 2009.
							Gas: Monthly reset based on estimated gas costs plus a surcharge or credit for the under- or over-recovered fuel balance based on the most recent 12 months Mcf sales.
ETI	21.2		(67.3)	(45.6)	203.2	78.5	Semi-annual reset of fuel factor in March and September based on the market price of natural gas plus surcharge or refund for material under- or over-recoveries based on actual costs.
Total	151.6		113.2	114.2	695.1	85.9

Totals may not foot due to rounding.

Page 52

COMPETITIVE BUSINESSES

TOTAL CAPACITY

	OPERATED				OWNED CAPACITY(c)
As of December 31, 2008.	PLANTS	UNITS	MW		MW	%
Gas/Oil	2	2	1,094	(b)	1,092	17
Coal	-	-	-	(b)	181	3
Total Fossil	2	2	1,094		1,273	20
Wind	-	-	-		80	1
Nuclear	6	7	5,798	(a)	4,998	79
Total Capacity	8	9	6,892		6,351	100

(a) Operated capacity includes management services contracts.

(b) Excludes units operated by Entergy’s utility companies.

(c) Includes capacity under power purchase agreements.

ENTERGY NUCLEAR (NON-UTILITY)

ENTERGY NUCLEAR QUARTERLY FINANCIAL METRICS

	2008										2007
	1Q		2Q		3Q		4Q		YTD		1Q		2Q	3Q		4Q		YTD		% CHANGE
GAAP MEASURES
As-Reported Earnings ($ millions)	221.7		143.6		205.3		226.6		797.3		128.2		108.7	160.9		141.4		539.2		48
Return on Average Invested Capital – As-Reported (%)*	18.4		20.5		18.2		20.2		20.2		12.4		12.5	13.5		16.0		16.0		26
Return on Average Common Equity – As-Reported (%)*	19.7		21.9		18.9		20.9		20.9		13.6		14.0	14.9		17.4		17.4		20
Debt to Capital Ratio (%)	7.4		7.4		5.7		5.1		5.1		11.3		12.2	10.7		9.7		9.7		(47	)
NON-GAAP MEASURES
Operational Earnings ($ millions)	221.7		143.6		205.3		226.6		797.3		128.2		108.7	160.9		159.8		557.6		43
Return on Average Invested Capital – Operational (%)*	18.9		21.0		18.6		20.2		20.2		12.4		12.5	13.5		16.6		16.6		22
Return on Average Common Equity – Operational (%)*	20.3		22.5		19.4		20.9		20.9		13.6		14.0	14.9		18.0		18.0		16
Net Debt to Net Capital Ratio (%)	(9.4	)	(14.1	)	(24.0	)	(4.8	)	(4.8	)	(2.5	)	3.3	(2.2	)	(1.9	)	(1.9	)	153

* Trailing twelve months.

Totals may not foot due to rounding.

ENTERGY NUCLEAR ANNUAL FINANCIAL METRICS

	2008		2007		2006	2005	2004
GAAP MEASURES
As-Reported Earnings ($ millions)	797.3		539.2		309.5	282.6	245.0
Return on Average Invested Capital – As-Reported (%)	20.2		16.0		11.7	11.6	10.1
Return on Average Common Equity – As-Reported (%)	20.9		17.4		14.0	13.6	12.3
Debt to Capital Ratio (%)	5.1		9.7		14.2	19.5	27.0
NON-GAAP MEASURES
Operational Earnings ($ millions)	797.3		557.6		309.5	282.6	245.0
Return on Average Invested Capital – Operational (%)	20.2		16.6		11.7	11.6	10.1
Return on Average Common Equity – Operational (%)	20.9		18.0		14.0	13.6	12.3
Net Debt to Net Capital Ratio (%)	(4.8	)	(1.9	)	2.3	12.4	23.1

ENTERGY NUCLEAR QUARTERLY OPERATIONAL METRICS

	2008										2007										YTD
	1Q		2Q		3Q		4Q		YTD		1Q		2Q		3Q		4Q		YTD		% CHANGE
Net MW in Operation		4,998		4,998		4,998		4,998		4,998		4,200		4,998		4,998		4,998		4,998	-
Average Realized Price/MWh(a)	$	61.47	$	58.22	$	61.59	$	56.69	$	59.51	$	55.11	$	51.28	$	53.11	$	51.52	$	52.69	13
Production Cost/MWh	$	19.98	$	23.11	$	21.77	$	22.77	$	21.88	$	19.66	$	21.27	$	20.90	$	22.64	$	21.19	3
Billed GWh		10,760		10,145		10,316		10,489		41,710		8,315		8,896		10,105		10,254		37,570	11
Capacity Factor		97%		92%		95%		94%		95%		91%		82%		93%		92%		89%	6

ENTERGY NUCLEAR ANNUAL OPERATIONAL METRICS

	2008		2007		2006		2005		2004
Net MW in Operation		4,998		4,998		4,200		4,105		4,058
Average Realized Price/MWh(a)	$	59.51	$	52.69	$	44.33	$	42.26	$	41.14
Production Cost/MWh	$	21.88	$	21.19	$	19.50	$	18.94	$	19.99
Billed GWh		41,710		37,570		34,847		33,641		32,613
Capacity Factor		95%		89%		95%		93%		92%

(a) Average Realized Price/MWh has been restated to reflect MWh billed and excludes revenue associated with amortization of below-market PPA for Palisades.

Totals may not foot due to rounding.

Page 53

ENTERGY NUCLEAR (NON-UTILITY)

ENTERGY NUCLEAR PLANT STATISTICS

	JAMES A. FITZPATRICK		INDIAN POINT				PALISADES NUCLEAR PLANT	PILGRIM NUCLEAR STATION	VERMONT YANKEE
			UNIT 2		UNIT 3
Entergy Purchase Date	11/21/00		9/6/01		11/21/00		4/11/07	7/13/99	7/31/02
Commercial Operation Date	July 75		August 74		August 76		December 71	December 72	November 72
License Expiration Date	10/17/34		9/28/13		12/15/15		3/24/31	6/8/12	3/21/12
Architect/Engineer	Stone &		United		United		Combustion	Bechtel	Ebasco
	Webster		Engineers &		Engineers &		Engineering	Power
			Constructors		Constructors
Reactor Manufacturer	General		Westinghouse		Westinghouse		Combustion	General	General
	Electric						Engineering	Electric	Electric
Reactor Type	BWR		PWR		PWR		PWR	BWR	BWR
Turbine Generator Manufacturer	General Electric		Westinghouse		Westinghouse		Westinghouse	General Electric	General Electric
Net MWs in Operation (MW)	838		1,028		1,041		798	688	605
(as of December 31, 2008)
Refueling Data:
Last Date	9/15/08 – 10/9/08		3/25/08 – 4/20/08		3/6/07 – 3/31/07		9/9/07 – 10/21/07	4/6/07 – 5/9/07	10/19/08 – 11/10/08
Number of Days	26		26		24		42	33	22
Next Scheduled Refueling	Fall 10		Spring 10		Spring 09		Spring 09	Spring 09	Spring 10
2008 Capacity Factor	89%		91%		101%		98%	97%	91%
($ millions as of December 31, 2008)
Net Book Value	366		934		526		685	207	321
Decommissioning Trust Fund Balance	(a	)	548	(b)	(a	)	219	550	372
Decommissioning Liability	(a	)	403	(b)	(a	)	248	286	291
Nearest Market Hub	NYISO		NYISO		NYISO		MISO	NEPOOL	NEPOOL
	Zone A(c)		Zone G(d)		Zone G(d)		Cinergy	Mass Hub	Mass Hub
Capacity Zone (ICAP/UCAP)	NYISO		NYISO		NYISO		n/a	NEPOOL	NEPOOL
	Rest of State		Rest of State		Rest of State

(a) NYPA retained the decommissioning trusts and decommissioning liability. NYPA and Entergy executed decommissioning agreements, specifying their decommissioning obligations. NYPA has the right to require Entergy to assume the decommissioning liability provided that it assigns the corresponding decommissioning trust, up to a specified level, to Entergy. If the decommissioning liability is retained by NYPA, Entergy will perform the decommissioning of the plants at a price equal to the lesser of a pre-specified level or the amount in the decommissioning trusts. Entergy believes that the amounts available to it under either scenario are sufficient to cover the future decommissioning costs without any additional contributions to the trusts.

(b) Includes amount for Indian Point 1. Indian Point 1 has been shut down and in safe storage since the 1970s.

(c) James A. FitzPatrick physically located in NYISO Zone C.

(d) Indian Point physically located in NYISO Zone H.

ENTERGY NUCLEAR PLANT UPRATES

(MW)

	CAPACITY 12/31/03(b)	2004	2005	2006	2007	2008	CAPACITY 12/31/2008
FitzPatrick	825	13	-	-	-	-	838
Indian Point 2	984	44	-	-	-	-	1,028
Indian Point 3	994	-	47	-	-	-	1,041
Palisades(a)	798	-	-	-	-	-	798
Pilgrim	688	-	-	-	-	-	688
Vermont Yankee	510	-	-	95	-	-	605
Total	4,799	57	47	95	-	-	4,998

(a) Acquired April 2007.

(b) 2003 included 46 MW of uprates - Indian Point 2 14 MW, Indian Point 3 14 MW and Pilgrim 18 MW.

Page 54

ENTERGY NUCLEAR (NON-UTILITY)

ENTERGY NUCLEAR SECURITIES DETAIL

LONG-TERM DEBT:

NOTE TO NEW YORK POWER AUTHORITY (NYPA) RELATING TO THE PURCHASE OF FITZPATRICK AND INDIAN POINT 3

($ thousands)	LONG-TERM DEBT(a)	INTEREST EXPENSE	ADDITIONAL LTD RELATED TO PURCHASE OF IP2	INTEREST EXPENSE	TOTAL ENDING LONG-TERM DEBT	TOTAL INTEREST EXPENSE
2000	744,405	3,869	-	-	744,405	3,869
2001	682,512	35,392	74,402	1,190	756,914	36,582
2002	604,420	32,540	79,220	3,628	683,640	36,168
2003	441,845	27,387	72,863	3,643	514,708	31,030
2004	379,405	21,275	66,200	3,337	445,605	24,612
2005	313,968	18,277	59,218	3,018	373,186	21,295
2006	245,390	15,137	51,900	2,682	297,289	17,819
2007	173,445	11,845	44,231	2,331	217,676	14,176
2008	161,932	8,412	36,194	1,963	198,127	10,375
2009	149,771	7,839	27,772	1,577	177,543	9,416
2010	137,026	7,255	18,945	1,173	155,971	8,428
2011	123,669	6,643	9,694	750	133,363	7,393
2012	109,681	6,012	-	305	109,681	6,317
2013	95,011	5,331	-	-	95,011	5,331
2014	79,638	4,627	-	-	79,638	4,627
2015	61,027	3,889	-	-	61,027	3,889
2016 – 2035 Average	-	1,755	-	-	-	1,755

(a) Includes plant, fuel, and license extension payments. Payments for plant and fuel are made annually on 11/21 (anniversary of close). As of 9/30/03, the entire fuel note has been paid off. Life extension payments made on anniversary of license expiration.

Totals may not foot due to rounding.

NON-NUCLEAR WHOLESALE ASSETS

NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS

PLANT	LOCATION	NERC REGION	COMMERCIAL OPERATION	OWNERSHIP INTEREST	NET MW	TOTAL MW	FUEL TYPE TECHNOLOGY	PURPOSE
Independence – Unit 2	Newark, AR	SERC	1983	14%	121	842	Coal	Base
Nelson 6 (PPA)	Westlake, LA	SERC	1982	11%	60	550	Coal	Base
Harrison County	Marshall, TX	SPP	2003	61%	335	550	Combined Cycle	Intermediate
RS Cogen	Lake Charles, LA	SERC	2002	50%	213	425	CCGT Cogen	Base QF
Ritchie – Unit 2	Helena, AR	SERC	1968	100%	544	544	Gas/Oil	Peaking
Top of Iowa	Worth County, IA	MAPP	2001	50%	40	80	Wind	Renewable
White Deer	Amarillo, TX	SPP	2001	50%	40	80	Wind	Renewable
Total					1,353	3,071

NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL

DEBT:

OUTSTANDING AS OF DECEMBER 31,
(ENTERGY’S SHARE)	2008	2007	2006	MATURITY	RATE
		(in millions)
RS Cogen Senior Project Debt
Bank Portion(a)	$55	$60	$65	10/17/18	LIBOR + 1.375%
Institutional Portion	$38	$38	$38	10/15/22	Fixed 8.73%
Working Capital	$   -	$   -	$  1	Demand	LIBOR + 1.625%
RS Cogen Subordinated Debt	$13	$14	$15	10/17/17	LIBOR + 4.50%
Top Deer Senior Project Debt	$19	$24	$28	06/30/13	Fixed 5.55%

(a) RS Cogen spread on bank portion increases over time to 2.375%.

PREFERRED STOCK:		SHARES OUTSTANDING AS OF DECEMBER 31,			AS OF DECEMBER 31,
	RATE(a)	2008	2007	2006	2008	2007		2006
						(in millions	)
Authorized 1,000,000 shares, $1 par value, cumulative
Without Sinking Fund:
Entergy Asset Management	8.95%	297,376	297,376	297,376	$29.7	$29.7		$29.7
8.95% rate(a)
Other	-	-	-	-	0.8	1.0		1.1
Total without sinking fund		297,376	297,376	297,376	$30.5	$30.7		$30.8

(a) Entergy Asset Management’s stockholders’ agreement provides that each December 31 either Entergy Asset Management or the preferred shareholders may request that the preferred dividend rate be reset.

Page 55

DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES

NUCLEAR OPERATIONAL MEASURES
Net MW in operation	Installed capacity owned or operated by Entergy Nuclear
Average realized price per MWh	As-reported revenue per MWh billed for all non-utility nuclear operations
Production cost per MWh	Fuel and non-fuel operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh
GWh billed	Total number of GWh billed to all customers
Capability factor	The percentage of the maximum energy generation a plant is capable of supplying to the grid, limited only by factors within control of plant management. A high capability factor indicates effective plant programs and practices to minimize unplanned energy losses and to optimize planned outages
Capacity factor	Normalized percentage of the period that the plant generates power
Refueling outage duration	Number of days lost for scheduled refueling outage during the period
Financial measures defined in the below table include measures prepared in accordance with generally accepted accounting principles (GAAP), as well as non- GAAP measures. Non-GAAP measures are included in this report in order to provide metrics that remove the effect of less routine financial impacts from commonly used financial metrics.
FINANCIAL MEASURES – GAAP
Return on average invested capital – as-reported	12-months rolling earnings adjusted to include preferred dividends and tax-effected interest expense divided by average invested capital
Return on average common equity – as-reported	12-months rolling earnings divided by average common equity
Net margin – as-reported	12-months rolling earnings divided by 12-months rolling revenue
Cash flow interest coverage	12-months cash flow from operating activities plus 12-months rolling interest paid, divided by interest expense
Book value per share	Common equity divided by end of period shares outstanding
Revolver capacity	Amount of undrawn capacity remaining on corporate and subsidiary revolvers
Total debt	Sum of short-term and long-term debt, notes payable, capital leases, and preferred stock with sinking fund on the balance sheet, less non-recourse debt, if any
Project debt	Financing at subsidiaries to support specific projects
Debt of joint ventures (Entergy’s share)	Debt issued by Non-Nuclear Wholesale Assets business joint ventures and, for periods through third quarter 2004, debt issued for Entergy-Koch, LP
Leases (Entergy’s share)	Operating leases held by subsidiaries capitalized at implicit interest rate
Debt to capital	Gross debt divided by total capitalization
FINANCIAL MEASURES – NON-GAAP
Operational earnings	As-reported earnings applicable to common stock adjusted to exclude the impact of special items
Return on average invested capital – operational	12-months rolling operational earnings adjusted to include preferred dividends and tax-effected interest expense divided by average invested capital
Return on average common equity – operational	12-months rolling operational earnings divided by average common equity
Net margin – operational	12-months rolling operational earnings divided by 12-months rolling revenue
Total gross liquidity	Sum of cash and revolver capacity
Net debt to net capital	Gross debt less cash and cash equivalents divided by total capitalization less cash and cash equivalents
Net debt including off-balance sheet liabilities	Sum of gross debt and off-balance sheet debt less cash and cash equivalents divided by sum of total capitalization and off-balance sheet liabilities less cash and cash equivalents

Page 56

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP
2005 PRO FORMA INCOME STATEMENT	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, for the year ended December 31, 2005.	GAAP			ENOI ADJUSTMENT*			PRO FORMA			GAAP			ENOI ADJUSTMENT*			PRO FORMA
OPERATING REVENUES:
Electric	$	8,449,281		$	211,307		$	8,660,588		$	8,446,830		$	211,307		$	8,658,136
Natural gas		77,660			137,310			214,970			77,660			137,310			214,970
Competitive businesses		46,003			-			46,003			1,581,757			-			1,581,757
Total		8,572,944			348,617			8,921,561			10,106,247			348,617			10,454,863
OPERATING EXPENSES:
Operating and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		1,941,887			217,365			2,159,252			2,176,015			217,365			2,393,380
Purchased power		2,559,536			(46,740	)		2,512,796			2,521,247			(46,740	)		2,474,506
Nuclear refueling outage expenses		73,966			-			73,966			162,653			-			162,653
Other operation and maintenance		1,458,596			86,227			1,544,823			2,122,206			86,227			2,208,432
Decommissioning		83,910			-			83,910			143,121			-			143,121
Taxes other than income taxes		325,766			41,538			367,304			382,521			41,538			424,059
Depreciation and amortization		789,654			33,975			823,629			856,377			33,975			890,352
Other regulatory charges (credits) – net		(49,882	)		3,181			(46,701	)		(49,882	)		3,181			(46,701	)
Total		7,183,433			335,545			7,518,978			8,314,258			335,545			8,649,802
OPERATING INCOME		1,389,511			13,072			1,402,583			1,791,989			13,072			1,805,061
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction		45,736			3,229			48,965			45,736			3,229			48,965
Interest and dividend income		125,237			89			125,326			150,479			89			150,568
Equity in earnings (loss) of unconsolidated equity affiliates		10,462			(768	)		9,694			985			(768	)		217
Miscellaneous – net		(19,030	)		(4,110	)		(23,140	)		14,251			(4,110	)		10,141
Total		162,405			(1,560	)		160,845			211,451			(1,560	)		209,891
INTEREST AND OTHER CHARGES:
Interest on long-term debt		427,055			10,153			437,208			440,334			10,153			450,487
Other interest – net		79,612			1,696			81,308			64,646			1,696			66,342
Allowance for borrowed funds used during construction		(29,376	)		(2,609	)		(31,985	)		(29,376	)		(2,609	)		(31,985	)
Preferred dividend requirements and other		22,007			482			22,489			25,427			482			25,909
Total		499,298			9,722			509,020			501,031			9,722			510,753
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		1,052,618			1,790			1,054,408			1,502,409			1,790			1,504,199
Income taxes		403,671			1,790			405,461			559,284			1,790			561,074
INCOME FROM CONTINUING OPERATIONS		648,947			-			648,947			943,125			-			943,125
LOSS FROM DISCONTINUED OPERATIONS (net of income tax expense of $(24,051))		(44,794	)		-			(44,794	)		(44,794	)		-			(44,794	)
CONSOLIDATED NET INCOME	$	604,153		$	-		$	604,153		$	898,331		$	-		$	898,331

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Page 57

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP
2005 PRO FORMA BALANCE SHEET	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, as of December 31, 2005.	GAAP			ENOI ADJUSTMENT*			PRO FORMA			GAAP			ENOI ADJUSTMENT*			PRO FORMA
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$	207,135		$	48,056		$	255,191		$	221,773		$	48,056		$	269,829
Temporary cash investments – at cost, which approximates market		127,786			-			127,786			361,047			-			361,047
Total cash and cash equivalents		334,921			48,056			382,977			582,820			48,056			630,876
Notes receivable – Entergy New Orleans DIP loan		90,000			(90,000	)		-			90,000			(90,000	)		-
Notes receivable		575,873			-			575,873			3,227			-			3,227
Accounts receivable:
Customer		629,717			82,052			711,769			763,993			82,052			846,045
Allowance for doubtful accounts		(28,635	)		(25,422	)		(54,057	)		(30,805	)		(25,422	)		(56,227	)
Associated companies		33,851			-			33,851			-			-			-
Other		296,286			(96,208	)		200,078			324,876			(96,208	)		228,668
Accrued unbilled revenues		477,570			23,698			501,268			477,570			23,698			501,268
Total account receivables		1,408,789			(15,880	)		1,392,909			1,535,634			(15,880	)		1,519,754
Deferred fuel costs		543,927			30,593			574,520			543,927			30,593			574,520
Fuel inventory – at average cost		204,382			8,048			212,430			206,195			8,048			214,243
Materials and supplies – at average cost		369,397			8,961			378,358			610,932			8,961			619,893
Deferred nuclear refueling outage costs		70,545			-			70,545			164,152			-			164,152
Prepayments and other		301,387			2,140			303,527			325,795			2,140			327,935
Total		3,899,221			(8,082	)		3,891,139			4,062,682			(8,082	)		4,054,600
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity		8,198,240			(149,929	)		8,048,311			296,784			(149,929	)		146,855
Decommissioning trust funds		1,136,006			-			1,136,006			2,606,765			-			2,606,765
Non-utility property – at cost (less accumulated depreciation)		226,264			1,107			227,371			228,833			1,107			229,940
Other		35,594			-			35,594			81,535			-			81,535
Total		9,596,104			(148,822	)		9,447,282			3,213,917			(148,822	)		3,065,095
PROPERTY, PLANT AND EQUIPMENT:
Electric		27,176,956			691,045			27,868,001			29,161,027			691,045			29,852,072
Property under capital lease		727,565			-			727,565			727,565			-			727,565
Natural gas		86,794			189,207			276,001			86,794			189,207			276,001
Construction work in progress		1,291,374			202,353			1,493,727			1,524,085			202,353			1,726,438
Nuclear fuel under capital lease		271,615			-			271,615			271,615			-			271,615
Nuclear fuel		101,403			-			101,403			436,646			-			436,646
Total property, plant and equipment		29,655,707			1,082,605			30,738,312			32,207,732			1,082,605			33,290,337
Less – accumulated depreciation and amortization		12,730,545			428,053			13,158,598			13,010,687			428,053			13,438,740
Property, plant and equipment – net		16,925,162			654,552			17,579,714			19,197,045			654,552			19,851,597
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net		735,221			(52,229	)		682,992			735,221			(52,229	)		682,992
Other regulatory assets		2,133,724			171,133			2,304,857			2,133,724			171,133			2,304,857
Deferred fuel costs		120,489			-			120,489			120,489			-			120,489
Long-term receivables		25,572			1,812			27,384			25,572			1,812			27,384
Goodwill		374,099			-			374,099			377,172			-			377,172
Other		841,068			17,322			858,390			991,835			17,322			1,009,157
Total		4,230,173			138,038			4,368,211			4,384,013			138,038			4,522,051
TOTAL ASSETS	$	34,650,660		$	635,686		$	35,286,346		$	30,857,657		$	635,686		$	31,493,343

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

Page 58

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP
2005 PRO FORMA BALANCE SHEET	UTILITY/PARENT/OTHER						CONSOLIDATED
In thousands, as of December 31, 2005.	GAAP		ENOI ADJUSTMENT*		PRO FORMA		GAAP		ENOI ADJUSTMENT*		PRO FORMA
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$        22,989		$            -		$        22,989		$      103,517		$            -		$     103,517
Notes payable:
Associated companies	926,271		-		926,271		-		-		-
Other	40,041		15,000		55,041		40,041		15,000		55,041
Accounts payable:
Associated companies	77,793		-		77,793		-		-		-
Other	1,494,385		240,601		1,734,986		1,655,787		240,601		1,896,388
Customer deposits	222,044		16,930		238,974		222,206		16,930		239,136
Taxes accrued	316,659		(378	)	316,281		188,159		(378	)	187,781
Accumulated deferred income taxes	143,409		1,898		145,307		143,409		1,898		145,307
Interest accrued	153,269		2,668		155,937		154,855		2,668		157,523
Obligations under capital leases	130,882		-		130,882		130,882		-		130,882
Other	66,367		2,018		68,385		473,510		2,018		475,528
Total	3,594,109		278,737		3,872,846		3,112,366		278,737		3,391,103
NON–CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued	5,248,739		68,617		5,317,356		5,282,759		68,617		5,351,376
Accumulated deferred investment tax credits	376,550		3,570		380,120		376,550		3,570		380,120
Obligations under capital leases	175,005		-		175,005		175,005		-		175,005
Other regulatory liabilities	408,667		591		409,258		408,667		591		409,258
Decommissioning and retirement cost liabilities	1,161,830		2,421		1,164,251		1,923,971		2,421		1,926,392
Transition to competition	79,101		-		79,101		79,101		-		79,101
Accumulated provisions	74,234		7,889		82,123		144,880		7,889		152,769
Pension and other postretirement liabilities	874,793		26,049		900,842		1,118,964		26,049		1,145,013
Long-term debt	8,791,811		226,603		9,018,414		8,824,493		226,603		9,051,096
Preferred stock with sinking fund	13,950		-		13,950		13,950		-		13,950
Other	1,161,820		1,429		1,163,249		1,202,706		1,429		1,204,135
Total	18,366,500		337,169		18,703,669		19,551,046		337,169		19,888,215
Commitments and Contingencies
Preferred stock without sinking fund	411,321		19,780		431,101		445,974		19,780		465,754
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2005	2,205,191		-		2,205,192		2,482		-		2,482
Paid–in capital	6,653,879		-		6,653,879		4,817,637		-		4,817,637
Retained earnings	5,717,919		-		5,717,919		5,433,931		-		5,433,931
Accumulated other comprehensive loss	(16,300	)	-		(16,300	)	(343,819	)	-		(343,819	)
Less – treasury stock, at cost (40,644,602 shares in 2005)	2,281,960		-		2,281,960		2,161,960		-		2,161,960
Total	12,278,730		-		12,278,730		7,748,271		-		7,748,271
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$34,650,660		$635,686		$35,286,346		$30,857,657		$635,686		$31,493,343

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

Page 59

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2005 PRO FORMA STATEMENT OF CASH FLOW

	CONSOLIDATED
In thousands, for the year ended December 31, 2005.	GAAP		ENOI ADJUSTMENT*		PRO FORMA
OPERATING ACTIVITIES:
Consolidated net income	$     898,331		$        700		$    899,031
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments	(82,033	)	(142	)	(82,175	)
Other regulatory charges (credits) – net	(49,882	)	3,181		(46,701	)
Depreciation, amortization, and decommissioning	1,001,852		33,975		1,035,827
Deferred income taxes and investment tax credits	487,804		236,100		723,904
Equity in earnings (loss) of unconsolidated equity affiliates – net of dividends	4,315		(4,532	)	(217	)
Provisions for asset impairments and restructuring charges	39,767		-		39,767
Changes in working capital:
Receivables	(367,351	)	61,359		(305,992	)
Fuel inventory	(83,125	)	(3,867	)	(86,992	)
Accounts payable	303,194		(5,392	)	297,802
Taxes accrued	(33,306	)	(211,082	)	(244,388	)
Interest accrued	15,133		(2,089	)	13,044
Deferred fuel	(236,801	)	(28,034	)	(264,835	)
Other working capital accounts	(45,653	)	(6,568	)	(52,221	)
Provision for estimated losses and reserves	(3,704	)	(1,632	)	(5,336	)
Changes in other regulatory assets	(311,934	)	(59,707	)	(371,641	)
Other	(68,799	)	(21,751	)	(90,550	)
Net cash flow provided by (used in) operating activities	1,467,808		(9,481	)	1,458,327
INVESTING ACTIVITIES:
Construction/capital expenditures	(1,458,086	)	(57,640	)	(1,515,726	)
Allowance for equity funds used during construction	45,736		3,229		48,965
Nuclear fuel purchases	(314,414	)	-		(314,414	)
Proceeds from sale/leaseback of nuclear fuel	184,403		-		184,403
Payment for purchase of plant	(162,075	)	-		(162,075	)
Decrease (increase) in other investments	9,905		90,000		99,905
Purchase of other temporary investments	(1,591,025	)	-		(1,591,025	)
Liquidation of other temporary investments	1,778,975		-		1,778,975
Proceeds from nuclear decommissioning trust fund sales	944,253		-		944,253
Investment in nuclear decommissioning trust funds	(1,039,824	)	-		(1,039,824	)
Other regulatory investments	(390,456	)	-		(390,456	)
Net cash flow provided by (used in) investing activities	(1,992,608	)	35,589		(1,957,019	)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt	4,302,570		29,783		4,332,353
Preferred stock	127,995		-		127,995
Common stock and treasury stock	106,068		-		106,068
Retirement of long-term debt	(2,689,206	)	(30,065	)	(2,719,271	)
Repurchase of common stock	(878,188	)	-		(878,188	)
Redemption of preferred stock	(33,719	)	-		(33,719	)
Changes in credit line borrowings – net	39,850		15,000		54,850
Dividends paid:
Common stock	(453,508	)	-		(453,508	)
Preferred stock	(25,472	)	(724	)	(26,196	)
Net cash flow used in financing activities	496,390		13,994		510,384
Effect of exchange rates on cash and cash equivalents	(602	)	-		(602	)
Net increase (decrease) in cash and cash equivalents	(29,012	)	40,102		11,090
Cash and cash equivalents at beginning of period	619,786		-		619,786
Effect of the deconsolidation of Entergy New Orleans on cash and cash equivalents	(7,954	)	7,954		-
Cash and cash equivalents at end of period	$     582,820		$    48,056		$    630,876
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized	$    461,345		$              -		$    461,345
Income taxes	$    116,072		$   (18,000	)	$      98,072

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

Page 60

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP
2006 PRO FORMA INCOME STATEMENT	UTILITY/PARENT/OTHER						CONSOLIDATED
In thousands, for the year ended December 31, 2006.	GAAP		ENOI ADJUSTMENT*		PRO FORMA		GAAP		ENOI ADJUSTMENT*		PRO FORMA
OPERATING REVENUES:
Electric	$9,065,800		$204,989		$9,270,789		$  9,063,135		$204,989		$  9,268,124
Natural gas	84,230		100,088		184,318		84,230		100,088		184,318
Competitive businesses	39,817		-		39,817		1,784,793		-		1,784,793
Total	9,189,847		305,077		9,494,924		10,932,158		305,077		11,237,235
OPERATING EXPENSES:
Operating and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	2,880,857		157,535		3,038,392		3,144,073		157,535		3,301,608
Purchased power	2,120,770		(43,647	)	2,077,123		2,138,237		(43,647	)	2,094,590
Nuclear refueling outage expenses	78,110		-		78,110		169,567		-		169,567
Other operation and maintenance	1,614,002		100,094		1,714,096		2,335,364		100,094		2,435,458
Decommissioning	82,912		169		83,081		145,884		169		146,053
Taxes other than income taxes	363,897		34,953		398,850		428,561		34,953		463,514
Depreciation and amortization	808,517		31,465		839,982		887,792		31,465		919,257
Other regulatory charges (credits) – net	(122,680	)	4,160		(118,520	)	(122,680	)	4,160		(118,520	)
Total	7,826,385		284,729		8,111,114		9,126,798		284,729		9,411,527
OPERATING INCOME	1,363,462		20,348		1,383,810		1,805,360		20,348		1,825,708
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction	39,894		3,078		42,972		39,894		3,078		42,972
Interest and dividend income	163,717		(6,722	)	156,995		198,835		(6,722	)	192,113
Equity in earnings (loss) of unconsolidated equity affiliates	95,366		(4,057	)	91,309		93,744		(4,057	)	89,687
Miscellaneous – net	555		(543	)	12		16,114		(543	)	15,571
Total	299,532		(8,244	)	291,288		348,587		(8,244	)	340,343
INTEREST AND OTHER CHARGES:
Interest on long-term debt	489,282		4,069		493,351		498,451		4,069		502,520
Other interest – net	99,196		4,175		103,371		75,502		4,175		79,677
Allowance for borrowed funds used during construction	(23,931	)	(2,477	)	(26,408	)	(23,931	)	(2,477	)	(26,408	)
Preferred dividend requirements and other	24,363		1,286		25,649		27,783		1,286		29,069
Total	588,910		7,053		595,963		577,805		7,053		584,858
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	1,074,084		5,051		1,079,135		1,576,142		5,051		1,581,193
Income taxes	234,789		5,051		239,840		443,044		5,051		448,095
INCOME FROM CONTINUING OPERATIONS	839,295		-		839,295		1,133,098		-		1,133,098
LOSS FROM DISCONTINUED OPERATIONS (net of income tax expense of $67)	(496	)	-		(496	)	(496	)	-		(496	)
CONSOLIDATED NET INCOME	$   838,799		$             -		$   838,799		$   1,132,602		$             -		$  1,132,602

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Page 61

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP 2006 PRO FORMA BALANCE SHEET	UTILITY/PARENT/OTHER						CONSOLIDATED
In thousands, as of December 31, 2006.	GAAP		ENOI ADJUSTMENT*		PRO FORMA		GAAP		ENOI ADJUSTMENT*		PRO FORMA
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$95,468		$3,886		$99,354		$117,379		$3,886		$121,265
Temporary cash investments – at cost, which approximates market	499,942		13,207		513,149		898,773		13,207		911,980
Total cash and cash equivalents	595,410		17,093		612,503		1,016,152		17,093		1,033,245
Notes receivable – Entergy New Orleans DIP loan	51,934		(51,934	)	-		51,934		(51,934	)	-
Notes receivable	266,717		-		266,717		699		-		699
Accounts receivable:
Customer	410,512		58,999		469,511		552,376		58,999		611,375
Allowance for doubtful accounts	(19,348	)	(10,563	)	(29,911	)	(19,348	)	(10,563	)	(29,911	)
Associated companies	(5,099	)	-		(5,099	)	-		-		-
Other	312,654		(86,258	)	226,396		345,400		(86,258	)	259,142
Accrued unbilled revenues	249,165		23,758		272,923		249,165		23,758		272,923
Total account receivable	947,884		(14,064	)	933,820		1,127,593		(14,064	)	1,113,529
Accumulated deferred income taxes	10,498		(2,924	)	7,574		11,680		(2,924	)	8,756
Fuel inventory – at average cost	189,829		5,041		194,870		193,098		5,041		198,139
Materials and supplies – at average cost	408,279		7,825		416,104		604,998		7,825		612,823
Deferred nuclear refueling outage costs	65,349		-		65,349		147,521		-		147,521
Prepayments and other	150,134		5,640		155,774		171,759		5,640		177,399
Total	2,686,034		(33,323	)	2,652,711		3,325,434		(33,323	)	3,292,111
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity	7,725,189		(153,988	)	7,571,201		229,089		(153,988	)	75,101
Decommissioning trust funds	1,274,676		-		1,274,676		2,858,523		-		2,858,523
Non-utility property – at cost
(less accumulated depreciation)	208,956		1,107		210,063		212,726		1,107		213,833
Other	39,868		-		39,868		47,115		-		47,115
Total	9,248,689		(152,881	)	9,095,808		3,347,453		(152,881	)	3,194,572
PROPERTY, PLANT AND EQUIPMENT:
Electric	28,405,556		698,081		29,103,637		30,713,284		698,081		31,411,365
Property under capital lease	730,182		-		730,182		730,182		-		730,182
Natural gas	92,787		186,932		279,719		92,787		186,932		279,719
Construction work in progress	609,431		21,824		631,255		786,147		21,824		807,971
Nuclear fuel under capital lease	336,017		-		336,017		336,017		-		336,017
Nuclear fuel	140,357		-		140,357		494,759		-		494,759
Total property, plant and equipment	30,314,330		906,837		31,221,167		33,153,176		906,837		34,060,013
Less – accumulated depreciation and amortization	13,366,710		446,673		13,813,383		13,715,099		446,673		14,161,772
Property, plant and equipment – net	16,947,620		460,164		17,407,784		19,438,077		460,164		19,898,241
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net	740,110		(71,870	)	668,240		740,110		(71,870	)	668,240
Other regulatory assets	2,768,352		295,440		3,063,792		2,768,352		295,440		3,063,792
Deferred fuel costs	168,122		-		168,122		168,122		-		168,122
Long-term receivables	19,349		936		20,285		19,349		936		20,285
Goodwill	374,099		-		374,099		377,172		-		377,172
Other	736,461		4,824		741,285		898,662		4,824		903,486
Total	4,806,493		229,330		5,035,823		4,971,767		229,330		5,201,097
TOTAL ASSETS	$33,688,836		$ 503,290		$34,192,126		$31,082,731		$ 503,290		$31,586,021

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

Page 62

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP 2006 PRO FORMA BALANCE SHEET	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, as of December 31, 2006.	GAAP			ENOI ADJUSTMENT*			PRO FORMA			GAAP			ENOI ADJUSTMENT*			PRO FORMA
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$	93,335		$	-		$	93,335		$	181,576		$	-		$	181,576
Notes payable:
Associated companies		979,198			-			979,198			-			-			-
Other		25,039			-			25,039			25,039			-			25,039
Accounts payable:
Associated companies		69,355			-			69,355			-			-			-
Other		901,434			59,034			960,468			1,122,596			59,034			1,181,630
Customer deposits		248,031			14,808			262,839			248,031			14,808			262,839
Taxes accrued		167,060			2,087			169,147			187,324			2,087			189,411
Interest accrued		159,527			18,004			177,531			160,831			18,004			178,835
Deferred fuel costs		73,031			(18,996	)		54,035			73,031			(18,996	)		54,035
Obligations under capital leases		153,246			-			153,246			153,246			-			153,246
Pension and other postretirement liabilities		39,008			16			39,024			41,912			16			41,928
Other		100,501			6,138			106,639			271,544			6,138			277,682
Total		3,008,765			81,091			3,089,856			2,465,130			81,091			2,546,221
NON–CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued		5,451,700			98,884			5,550,584			5,820,700			98,884			5,919,584
Accumulated deferred investment tax credits		358,550			3,157			361,707			358,550			3,157			361,707
Obligations under capital leases		188,033			-			188,033			188,033			-			188,033
Other regulatory liabilities		449,237			-			449,237			449,237			-			449,237
Decommissioning and asset retirement cost liabilities		1,249,482			2,591			1,252,073			2,023,846			2,591			2,026,437
Transition to competition		79,098			-			79,098			79,098			-			79,098
Accumulated provisions		81,053			8,384			89,437			88,902			8,384			97,286
Pension and other postretirement liabilities		1,125,707			60,034			1,185,741			1,410,433			60,034			1,470,467
Long-term debt		8,560,534			226,619			8,787,153			8,798,087			226,619			9,024,706
Preferred stock with sinking fund		10,500			-			10,500			10,500			-			10,500
Other		1,173,844			2,750			1,176,594			847,415			2,750			850,165
Total		18,727,738			402,419			19,130,157			20,074,801			402,419			20,477,220
Commitments and Contingencies
Preferred stock without sinking fund		310,751			19,780			330,531			344,913			19,780			364,693
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2006		2,228,350			-			2,228,350			2,482			-			2,482
Paid–in capital		6,668,007			-			6,668,007			4,827,265			-			4,827,265
Retained earnings		5,592,532			-			5,592,532			6,113,042			-			6,113,042
Accumulated other comprehensive loss		(82,917	)		-			(82,917	)		(100,512	)		-			(100,512	)
Less – treasury stock, at cost (45,506,311 shares in 2006)		2,764,390			-			2,764,390			2,644,390			-			2,644,390
Total		11,641,582			-			11,641,582			8,197,887			-			8,197,887
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	33,688,836		$	503,290		$	34,192,126		$	31,082,731		$	503,290		$	31,586,021

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

Page 63

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP 2006 PRO FORMA STATEMENT OF CASH FLOW	CONSOLIDATED
In thousands, for the year ended December 31, 2006.	GAAP			ENOI ADJUSTMENT*			PRO FORMA
OPERATING ACTIVITIES:
Consolidated net income	$	1,132,602		$	-		$	1,132,602
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments		36,352			(20	)		36,332
Other regulatory credits – net		(122,680	)		4,160			(118,520	)
Depreciation, amortization, and decommissioning		1,035,153			31,634			1,066,787
Deferred income taxes, investment tax credits, and non-current taxes accrued		738,643			54,395			793,038
Equity in earnings (loss) of unconsolidated equity affiliates – net of dividends		4,436			4,057			8,493
Provisions for asset impairments and restructuring charges					-
Changes in working capital:
Receivables		408,042			(1,817	)		406,225
Fuel inventory		13,097			3,007			16,104
Accounts payable		(83,884	)		10,855			(73,029	)
Taxes accrued		(835	)		2,464			1,629
Interest accrued		5,975			15,337			21,312
Deferred fuel		582,947			11,597			594,544
Other working capital accounts		64,479			(1,447	)		63,032
Provision for estimated losses and reserves		39,822			496			40,318
Changes in other regulatory assets		(454,458	)		(55,607	)		(510,065	)
Changes in pensions and other postretirement liabilities		333,381			34,001			367,382
Other		(285,233	)		(19,284	)		(304,517	)
Net cash flow provided by operating activities		3,447,839			93,828			3,541,667
INVESTING ACTIVITIES:
Construction/capital expenditures		(1,633,268	)		(80,792	)		(1,714,060	)
Allowance for equity funds used during construction		39,894			3,078			42,972
Nuclear fuel purchases		(326,248	)		-			(326,248	)
Proceeds from sale/leaseback of nuclear fuel		135,190			-			135,190
Proceeds from sale of assets and businesses		77,159			-			77,159
Payment for purchase of plant		(88,199	)		-			(88,199	)
Insurance proceeds received for property damages		18,828			4,664			23,492
Decrease (increase) in other investments		(6,353	)		(36,458	)		(42,811	)
Proceeds from nuclear decommissioning trust fund sales		777,584			-			777,584
Investment in nuclear decommissioning trust funds		(884,123	)		-			(884,123	)
Other regulatory investments		(38,037	)		-			(38,037	)
Net cash flow used in investing activities		(1,927,573	)		(109,508	)		(2,037,081	)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt		1,837,713			(6	)		1,837,707
Preferred stock		73,354			-			73,354
Common stock and treasury stock		70,455			-			70,455
Retirement of long-term debt		(1,804,373	)		-			(1,804,373	)
Repurchase of common stock		(584,193	)		-			(584,193	)
Redemption of preferred stock		(183,881	)		-			(183,881	)
Changes in credit line borrowings – net		(15,000	)		(15,000	)		(30,000	)
Dividends paid:
Common stock		(448,954	)		-			(448,954	)
Preferred stock		(28,848	)		(277	)		(29,125	)
Net cash flow used in financing activities		(1,083,727	)		(15,283	)		(1,099,010	)
Effect of exchange rates on cash and cash equivalents		(3,207	)		-			(3,207	)
Net increase (decrease) in cash and cash equivalents		433,332			(30,963	)		402,369
Cash and cash equivalents at beginning of period		582,820			48,056			630,876
Cash and cash equivalents at end of period	$	1,016,152		$	17,093		$	1,033,245
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized	$	514,189		$	-		$	514,189
Income taxes	$	(147,435	)	$	(57,193	)	$	(204,628	)

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

Page 64

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Jurisdictional Split of Entergy Gulf States, Inc.) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP 2007 PRO FORMA INCOME STATEMENT	ENTERGY GULF STATES				ENTERGY GULF STATES
In thousands, for the year ended December 31, 2007.	LOUISIANA GAAP		ADJUSTMENT*		LOUISIANA PRO FORMA
OPERATING REVENUES:
Electric	$ 3,448,008		$(1,238,442	)	$ 2,209,566
Natural gas	86,604		-		86,604
Total	3,534,612		(1,238,442	)	2,296,170
OPERATING EXPENSES:
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	867,081		(546,413	)	320,668
Purchased power	1,339,986		(232,938	)	1,107,048
Nuclear refueling outage expenses	12,212		-		12,212
Other operation and maintenance	548,999		(179,119	)	369,880
Decommissioning	11,728		(173	)	11,555
Taxes other than income taxes	132,489		(50,615	)	81,874
Depreciation and amortization	208,648		(68,172	)	140,476
Other regulatory charges (credits) – net	29,923		(16,808	)	13,115
Total	3,151,066		(1,094,238	)	2,056,828
OPERATING INCOME	383,546		(144,204	)	239,342
OTHER INCOME:
Allowance for equity funds used during construction	11,666		(3,295	)	8,371
Interest and dividend income	75,425		28,715		104,140
Miscellaneous – net	1,724		600		2,324
Total	88,815		26,020		114,835
INTEREST AND OTHER CHARGES:
Interest on long-term debt	149,464		(14,231	)	135,233
Other interest – net	13,945		(10,907	)	3,038
Allowance for borrowed funds used during construction	(7,528	)	2,126		(5,402	)
Total	155,881		(23,012	)	132,869
INCOME BEFORE INCOME TAXES	316,480		(95,172	)	221,308
Income taxes	123,701		(36,249	)	87,452
NET INCOME	192,779		(58,923	)	133,856
Preferred distribution requirements and other	3,968		-		3,968
EARNINGS APPLICABLE TO COMMON EQUITY	$    188,811		$      (58,923	)	$    129,888

* Adjustment to reflect as if the transactions implementing the Entergy Gulf States, Inc. jurisdictional split had occurred as of January 1, 2007.

Page 65

REG G RECONCILIATIONS

CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008		2007		2006(a)	2005(a)		2004
As-Reported earnings (A)	1,221		1,135		1,133	898		910
Preferred dividends	20		25		28	25		24
Tax-effected interest expense	374		392		339	293		295
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	1,615		1,552		1,499	1,217		1,228
Special items (C)	(55	)	(32	)	135	(45	)	30
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	1,670		1,584		1,364	1,262		1,198
Operational earnings (A-C)	1,276		1,167		998	943		880
Average invested capital (D)	19,927		18,721		17,688	16,850		16,845
Average common equity (E)	7,915		8,030		7,970	8,020		8,500
Operating revenues (F)	13,094		11,484		10,932	10,106		9,686
Gross debt (G)	12,279		11,123		9,356	9,288		7,807
Less cash and cash equivalents (H)	1,920		1,254		1,016	583		620
Net debt (G-H)	10,359		9,869		8,340	8,705		7,187
Total capitalization (I)	20,557		19,297		17,899	17,477		16,469
Less cash and cash equivalents (J)	1,920		1,254		1,016	583		620
Net capitalization (I-J)	18,637		18,043		16,883	16,894		15,849
Off-balance sheet liabilities (K)	574		658		665	778		769
Revolver capacity (L)	645		1,730		2,770	2,545		1,490
Gross liquidity (H+L)	2,565		2,984		3,786	3,128		2,110
($ per share)
As-Reported earnings per share (M)	6.20		5.60		5.36	4.19		3.93
Operational earnings per share (N)	6.51		5.76		4.72	4.40		3.80
Common dividend paid per share (O)	3.00		2.58		2.16	2.16		1.89
Year-end closing market price per share of common stock (P)	83.13		119.52		92.32	68.65		67.59
(%)
Return on average invested capital – As-Reported (B/D)	8.1		8.3		8.5	7.2		7.3
Return on average invested capital – Operational ((B-C)/D)	8.4		8.5		7.7	7.5		7.1
Return on average common equity – As-Reported (A/E)	15.4		14.1		14.2	11.2		10.7
Return on average common equity – Operational ((A-C)/E)	16.1		14.5		12.5	11.8		10.4
Net margin – As-Reported (A/F)	9.3		9.9		10.4	8.9		9.4
Net margin – Operational ((A-C)/F)	9.7		10.2		9.1	9.3		9.1
Debt to capital ratio (G/I)	59.7		57.6		52.3	53.1		47.4
Net debt to net capital ratio ((G-H)/(I-J))	55.6		54.7		49.4	51.5		45.3
Net debt to net capital ratio including off-balance sheet liabilities ((G-H+K)/(I-J+K))	56.9		56.3		51.3	53.7		47.9
Common dividend payout ratio – As-Reported (O/M)	48		46		40	52		48
Common dividend payout ratio – Operational (O/N)	46		45		46	49		50
(ratio)
Price to earnings ratio – As-Reported (P/M)	13.41		21.34		17.24	16.39		17.18
Price to earnings ratio – Operational (P/N)	12.77		20.75		19.56	15.61		17.77

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Calculations may differ due to rounding.

Page 66

REG G RECONCILIATIONS

CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

1Q07-4Q08

($ millions)	1Q08		2Q08		3Q08		4Q08		1Q07	2Q07	3Q07	4Q07
For the quarter:
As-Reported earnings (A)	308.7		271.0		470.3		170.6		212.2	267.6	461.2	193.9
Less special items (B)	-		(18.3	)	(17.1	)	(20.1	)	-	-	-	(32.0	)
Operational earnings (A-B)	308.7		289.2		487.3		190.7		212.2	267.6	461.2	225.9
As-Reported earnings trailing 12 months (C)	1,231		1,235		1,244		1,221		1,151	1,137	1,209	1,135
Preferred dividends	24		23		21		20		28	26	25	25
Tax-effected interest expense	396		390		375		374		352	365	392	392
As-Reported earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D)	1,651		1,648		1,640		1,615		1,531	1,528	1,626	1,552
Special items in prior quarters	(32	)	(32	)	(50	)	(35	)	132	108	101	-
Special items 1Q07 through 4Q08
Utility/Parent/Other
Nuclear Spin-Off Costs	-		(18	)	(17	)	(20	)	-	-	-	-
Energy Commodity Services
Nuclear Fleet Alignment	-		-		-		-		-	-	-	(32	)
Total special items (E)	(32	)	(50	)	(67	)	(55	)	132	108	101	(32	)
Operational earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D-E)	1,683		1,698		1,707		1,670		1,399	1,420	1,525	1,584
Operational earnings, trailing 12 months (C-E)	1,263		1,285		1,311		1,276		1,020	1,029	1,108	1,167
Average invested capital (F)	18,790		19,244		20,236		19,927		18,227	18,652	18,866	18,721
Average common equity (G)	7,756		7,555		7,973		7,915		7,939	7,998	8,264	8,030
Operating revenues, trailing 12 months (H)	11,655		12,150		12,825		13,094		11,295	11,371	11,311	11,484
Gross debt (I)	11,292		11,768		12,656		12,279		10,100	10,936	11,194	11,123
Less cash and cash equivalents (J)	916		1,086		2,556		1,920		1,100	1,320	1,467	1,254
Net debt (I-J)	10,376		10,682		10,100		10,359		9,000	9,616	9,728	9,869
Total capitalization (K)	19,276		19,401		20,944		20,557		18,304	19,088	19,529	19,297
Less cash and cash equivalents (L)	916		1,086		2,556		1,920		1,100	1,320	1,467	1,254
Net capital (K-L)	18,360		18,315		18,388		18,637		17,204	17,767	18,062	18,043
Off-balance sheet liabilities (M)	642		638		637		574		668	664	662	658
Revolver capacity (N)	1,503		826		374		645		2,170	1,650	1,804	1,730
Gross liquidity (J+N)	2,419		1,912		2,930		2,565		3,270	2,970	3,271	2,984
(%)
Return on average invested capital –
As-Reported (D/F)	8.8		8.6		8.1		8.1		8.4	8.2	8.6	8.3
Return on average invested capital –
Operational ((D-E)/F)	9.0		8.8		8.4		8.4		7.7	7.6	8.1	8.5
Return on average common equity –
As-Reported (C/G)	15.9		16.3		15.6		15.4		14.5	14.2	14.6	14.1
Return on average common equity –
Operational ((C-E)/G)	16.3		17.0		16.4		16.1		12.8	12.9	13.4	14.5
Net margin – As-Reported (C/H)	10.6		10.2		9.7		9.3		10.2	10.0	10.7	9.9
Net margin – Operational ((C-E)/H)	10.8		10.6		10.2		9.7		9.0	9.1	9.8	10.2
Debt to capital ratio (I/K)	58.6		60.7		60.4		59.7		55.2	57.3	57.3	57.6
Net debt to net capital ratio ((I-J)/(K-L))	56.5		58.3		54.9		55.6		52.3	54.1	53.9	54.7
Net debt to net capital including off-balance sheet liabilities ((I-J+M)/(K-L+M))	58.0		59.7		56.4		56.9		54.1	55.8	55.5	56.3

Calculations may differ due to rounding.

Page 67

REG G RECONCILIATIONS

UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008	2007		2006(a)	2005(a)	2004
As-Reported earnings (A)	587.8	682.7		691.2	659.8	643.4
Preferred dividends	17.3	21.7		24.4	22.0	23.3
Tax-effected interest expense	261.6	259.8		246.8	224.0	235.9
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	866.7	964.2		962.3	905.8	902.6
Utility special items
Nuclear alignment	-	(13.7	)	-	-	-
ENOI Results	-	-		4.1	-	-
Total special items (C)	-	(13.7	)	4.1	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	866.7	977.9		958.2	905.8	902.6
Operational earnings (A-C)	587.8	696.4		687.1	659.8	643.4
Average invested capital (D)	14,441	13,903		13,254	12,738	12,514
Average common equity (E)	6,618	6,440		6,132	5,786	5,539
Gross debt (G)	7,836	7,249		6,786	6,990	6,394
Less cash and cash equivalents (H)	566	801		564	301	586
Net debt (G-H)	7,270	6,448		6,222	6,689	5,808
Total capitalization (I)	14,794	14,088		13,266	13,502	12,375
Less cash and cash equivalents (J)	566	801		564	301	586
Net capitalization (I-J)	14,228	13,287		12,702	13,201	11,789
(%)
Return on average invested capital – As-Reported (B/D)	6.0	6.9		7.2	7.1	7.2
Return on average invested capital – Operational ((B-C)/D)	6.0	7.0		7.2	7.1	7.2
Return on average common equity – As-Reported (A/E)	8.9	10.6		11.3	11.4	11.6
Return on average common equity – Operational ((A-C)/E)	8.9	10.8		11.2	11.4	11.6
Debt to capital ratio (G/I)	53.0	51.5		51.3	51.8	51.7
Net debt to net capital ratio ((G-H)/(I-J))	51.1	48.5		49.1	50.7	49.3

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Calculations may differ due to rounding.

Page 68

REG G RECONCILIATIONS

UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

1Q07-4Q08

($ millions)	1Q08		2Q08		3Q08		4Q08	1Q07		2Q07		3Q07		4Q07
As-Reported earnings (A)	117.1		159.7		257.8		53.2	104.4		148.2		333.1		97.0
Less special items (B)	-		-		-		-	-		-		-		(13.7	)
Operational earnings (A-B)	117.1		159.7		257.8		53.2	104.4		148.2		333.1		110.7
As-Reported earnings-trailing 12 months (C)	695.4		706.9		631.6		587.8	675.9		624.4		667.5		682.7
Preferred dividends	20.7		19.6		18.4		17.3	23.8		22.2		21.6		21.7
Tax-effected interest expense	257.1		257.2		251.6		261.6	259.2		261.6		274.2		259.8
As-Reported earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D)	973.2		983.7		901.6		866.7	958.9		908.2		963.3		964.2
Special items in prior quarters	(13.7	)	(13.7	)	(13.7	)	-	(1.6	)	(12.3	)	(19.6	)	-
Special items 1Q07 through 4Q08	-		-		-		-	-		-		-		(13.7	)
Total special items (E)	(13.7	)	(13.7	)	(13.7	)	-	(1.6	)	(12.3	)	(19.6	)	(13.7	)
Operational earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D-E)	986.8		997.4		915.3		866.7	960.5		920.5		982.9		977.9
Operational earnings, trailing 12 months (C-E)	709.1		720.6		645.3		587.8	677.5		636.7		687.1		696.4
Average invested capital (F)	13,813		14,157		14,707		14,441	13,711		13,869		14,004		13,903
Average common equity (G)	6,407		6,509		6,692		6,618	6,334		6,406		6,502		6,440
Gross debt (H)	7,278		7,457		8,069		7,836	6,920		7,224		7,347		7,249
Less cash and cash equivalents (I)	284		330		740		566	613		926		928		801
Net debt (H-I)	6,994		7,127		7,329		7,270	6,307		6,298		6,418		6,448
Total capitalization (J)	14,020		14,314		15,183		14,794	13,605		13,999		14,231		14,088
Less cash and cash equivalents (K)	284		330		740		566	613		926		928		801
Net capital (J-K)	13,736		13,984		14,443		14,228	12,993		13,073		13,303		13,287
(%)
Return on average invested capital – As-Reported (D/F)	7.0		6.9		6.1		6.0	7.0		6.5		6.9		6.9
Return on average invested capital – Operational ((D-E)/F)	7.1		7.0		6.2		6.0	7.0		6.6		7.0		7.0
Return on average common equity – As-Reported (C/G)	10.9		10.9		9.4		8.9	10.7		9.7		10.3		10.6
Return on average common equity – Operational ((C-E)/G)	11.1		11.1		9.6		8.9	10.7		9.9		10.6		10.8
Debt to capital ratio (H/J)	51.9		52.1		53.1		53.0	50.9		51.6		51.6		51.5
Net debt to net capital ratio ((H-I)/(J-K))	50.9		51.0		50.7		51.1	48.5		48.2		48.2		48.5

Calculations may differ due to rounding.

Page 69

REG G RECONCILIATIONS

ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008	2007		2006	2005	2004
As-Reported earnings (A)	40.3	132.2		165.6	166.9	134.4
Preferred dividends	6.9	6.9		7.6	7.8	7.8
Tax-effected interest expense	52.0	53.4		50.8	47.1	48.1
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	99.2	192.5		224.0	221.8	190.3
Special items
Nuclear Alignment	-	(5.9	)	-	-	-
Total special items (C)	-	(5.9	)	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	99.2	198.4		224.0	221.8	190.3
Operational earnings (A-C)	40.3	138.1		165.6	166.9	134.4
Average invested capital (D)	3,102	2,965		2,967	2,920	2,877
Average common equity (E)	1,392	1,409		1,432	1,378	1,303
Gross debt (F)	1,745	1,442		1,436	1,400	1,450
Less cash and cash equivalents (G)	40	0.2		35	9	90
Net debt (F-G)	1,705	1,441		1,401	1,391	1,360
Total capitalization (H)	3,261	2,942		2,987	2,946	2,894
Less cash and cash equivalents (I)	40	0.2		35	9	90
Net capitalization (H-I)	3,221	2,942		2,952	2,937	2,804
(%)
Return on average invested capital – As-Reported (B/D)	3.2	6.5		7.6	7.6	6.6
Return on average invested capital – Operational ((B-C)/D)	3.2	6.7		7.6	7.6	6.6
Return on average common equity – As-Reported (A/E)	2.9	9.4		11.6	12.1	10.3
Return on average common equity – Operational ((A-C)/E)	2.9	9.8		11.6	12.1	10.3
Debt to capital ratio (F/H)	53.5	49.0		48.1	47.5	50.1
Net debt to net capital ratio ((F-G)/(H-I))	52.9	49.0		47.5	47.4	48.5

ENTERGY GULF STATES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2006

($ millions)	2006	2005	2004
As-Reported earnings (A)	208.0	202.3	187.8
Preferred dividends	4.0	4.2	4.5
Tax-effected interest expense	88.0	71.2	76.3
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	300.0	277.7	268.6
Special items	-	-	-
Total special items (C)	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	300.0	277.7	268.6
Operational earnings (A-C)	208.0	202.3	187.8
Average invested capital (D)	4,699	4,304	4,046
Average common equity (E)	2,217	2,005	1,740
Gross debt (F)	2,442	2,426	2,078
Less cash and cash equivalents (G)	180	25	7
Net debt (F-G)	2,262	2,401	2,071
Total capitalization (H)	4,695	4,697	3,911
Less cash and cash equivalents (I)	180	25	7
Net capitalization (H-I)	4,515	4,672	3,904
(%)
Return on average invested capital – As-Reported (B/D)	6.4	6.5	6.6
Return on average invested capital – Operational ((B-C)/D)	6.4	6.5	6.6
Return on average common equity – As-Reported (A/E)	9.4	10.1	10.8
Return on average common equity – Operational ((A-C)/E)	9.4	10.1	10.8
Debt to capital ratio (F/H)	52.0	51.7	53.1
Net debt to net capital ratio ((F-G)/(H-I))	50.1	51.4	53.0

Page 70

REG G RECONCILIATIONS

ENTERGY GULF STATES LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2007-2008

($ millions)	2008		2007		2006	2005	2004
As-Reported earnings (A)	143.9		129.9	(a)	REFER TO PAGE 70
Preferred dividends	0.8		4.0	(a)
Tax-effected interest expense	78.1		81.8	(a)
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	222.8		215.7
Special items
Nuclear Alignment	-		(3.6	)
Total special items (C)	-		(3.6	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	222.8		219.3
Operational earnings (A-C)	143.9		133.5
Average invested capital (D)	3,640		3,186
Average common equity (E)	1,306		1,254	(b)
Gross debt (F)	1,418	(b)	1,381	(b)
Less cash and cash equivalents (G)	49		108
Net debt (F-G)	1,369		1,273
Total capitalization (H)	2,750	(b)	2,681	(b)
Less cash and cash equivalents (I)	49		108
Net capitalization (H-I)	2,701		2,573
(%)
Return on average invested capital – As-Reported (B/D)	6.1		6.8
Return on average invested capital – Operational ((B-C)/D)	8.2	(b)	8.3	(b)
Return on average common equity – As-Reported (A/E)	11.0		10.4
Return on average common equity – Operational ((A-C)/E)	11.0		10.6
Debt to capital ratio (F/H)	51.6	(b)	51.5	(b)
Net debt to net capital ratio ((F-G)/(H-I))	50.7		49.5
ENTERGY TEXAS – RECONCILIATION OF GAAP TO NON-GAAP MEASURES 2007-2008
($ millions)	2008		2007		2006	2005	2004
As-Reported earnings (A)	57.9		58.9		REFER TO PAGE 70
Preferred dividends	-		-
Tax-effected interest expense	48.0		51.2
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	105.9		110.1
Special items
	-		-
Total special items (C)	-		-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	105.9		110.1
Operational earnings (A-C)	57.9		58.9
Average invested capital (D)	2,331		2,245
Average common equity (E)	952		996
Gross debt (F)	1,035	(b)	1,083	(b)
Less cash and cash equivalents (G)	2		297
Net debt (F-G)	1,033		786
Total capitalization (H)	1,935	(b)	1,937	(b)
Less cash and cash equivalents (I)	2		297
Net capitalization (H-I)	1,933		1,640
(%)
Return on average invested capital – As-Reported (B/D)	4.5		4.9
Return on average invested capital – Operational ((B-C)/D)	5.5	(b)	5.7	(b)
Return on average common equity – As-Reported (A/E)	6.1		5.9
Return on average common equity – Operational ((A-C)/E)	6.6	(b)	7.0	(b)
Debt to capital ratio (F/H)	53.5	(b)	55.9	(b)
Net debt to net capital ratio ((F-G)/(H-I))	53.4		47.9

(a) See page 65 for the Pro Forma EGSL Income Statement.

(b) See page 72 for Pro Forma calculations.

Calculations may differ due to rounding.

Page 71

REG G RECONCILIATIONS

ENTERGY GULF STATES AND ENTERGY TEXAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

EGSL PRO FORMA AVERAGE COMMON EQUITY 2007			(D)		(E)		(D-E)
($ millions)			EGSI 2006 PER 10-K		ADJUSTMENTS		EGSL 2006 PRO FORMA
Shareholders Equity:
Preferred membership interests without sinking fund (A)			47		(1	)	48
Members’ equity			2,225		988		1,238
Accumulated other comprehensive loss			(20	)	-		(20	)
Total Equity (B)			2,253		987		1,266
2006 Pro Forma Total Common Equity (B–A)							1,218
2007 Total Common Equity (C)							1,290
2007 Average Common Equity ((C)+(B–A))/2							1,254
EGSL/ETI AVERAGE INVESTED CAPITAL AND RETURN ON AVERAGE INVESTED CAPITAL	2008				2007 PRO FORMA
($ millions)	ETI	EGSL			ETI		EGSL
As-Reported Earnings (A)	57.9	143.9			58.9		129.9	(a)
Preferred dividends	-	0.8			-		4.0	(a)
Tax-effected interest expense	48.0	78.1			51.2		81.8	(a)
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	105.9	222.8			110.1		215.7
Total Special Items (C)	-	-			-		(3.6	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	105.9	222.8			110.1		219.3
Average Invested Capital (D)	2,331	3,640			2,245		3,186
Less Average Securitized Debt (E)	320	-			165		-
Less Average Equity Infusion from Parent (F)	75	-			150		-
Less Average Assumption Debt (G)	-	925			-		540
Adjusted Average Invested Capital (D-E-F-G)	1,936	2,715			1,931		2,646
ROIC – As-Reported (B/D)	4.5%	6.1%			4.9%		6.8%
ROIC – Operational ((B-C)/(D-E-F-G)	5.5%	8.2%			5.7%		8.3%
ETI AVERAGE COMMON EQUITY AND RETURN ON AVERAGE COMMON EQUITY
($ millions)					2008		2007 PRO FORMA
As-Reported Earnings (A)					57.9		58.9
Total Special Items (B)					-		-
Operational Earnings (A–B)					57.9		58.9
Average Common Equity (C)					952.2		996.1
Less Average Equity Infusion from Parent					75.0		150.0
Adjusted Average Common Equity (D)					877.2		846.1
ROE – As-Reported (A/C)					6.1%		5.9%
ROE – Operational ((A–B)/D)					6.6%		7.0%
EGSL/ETI DEBT TO CAPITAL RATIO	2008				2007 PRO FORMA
($ millions)	ETI	EGSL			ETI		EGSL
Currently maturing long-term debt	101	220			309		675
Notes Payable	160	-			-		-
Obligations under capital leases – current	-	24			-		29
Obligations under capital leases – non-current	-	116			-		82
Long-term debt	1,084	1,828			1,104		1,674
Total debt before adjustments (A)	1,345	2,188			1,413		2,460
Less debt assumption by ETI (EGSL) (B)	-	770			-		1,079
Less securitized debt (ETI) (C)	310	-			330		-
Adjusted total debt (A-B-C)	1,035	1,418			1,083		1,381
Shareholders’ equity (D)	900	1,322			1,004		1,290
Less return of parent equity infusion in beginning of 08	-	-			150		-
Adjusted Common Equity (E)	900	1,322			854		1,290
Preferred membership interests without sinking fund (F)	-	10			-		10
Adjusted total capital (A-B-C)+(E+F)	1,935	2,750			1,937		2,681
Debt/Capital Ratio (A-B-C)/((A-B-C)+(E+F))	53.5%	51.6%			55.9%		51.5%
EGSL/ETI NET DEBT TO NET CAPITAL RATIO	2008				2007 PRO FORMA
($ millions)	ETI	EGSL			ETI		EGSL
Currently maturing long-term debt	101	220			309		675
Notes Payable	160	-			-		-
Obligations under capital leases – current	-	24			-		29
Obligations under capital leases – non-current	-	116			-		82
Long-term debt	1,084	1,828			1,104		1,674
Total debt before adjustments (A)	1,345	2,188			1,413		2,460
Less debt assumption by ETI (EGSL) (B)	-	770			-		1,079
Less securitized debt (ETI) (C)	310	-			330		-
Adjusted total debt (A-B-C)	1,035	1,418			1,083		1,381
Less cash and cash equivalents (D)	2	49			297		108
Net Debt (A-B-C-D)	1,033	1,369			786		1,273
Shareholders’ equity (E)	900	1,322			1,004		1,290
Less return of parent equity infusion in beginning of 08	-	-			150		-
Adjusted Common Equity (F)	900	1,322			854		1,290
Preferred membership interests without sinking fund (G)	-	10			-		10
Adjusted total capital (A-B-C)+(F+G)	1,935	2,750			1,937		2,681
Less cash and cash equivalents (D)	2	49			297		108
Net Capitalization (A-B-C)+(F+G)-(D)	1,933	2,701			1,640		2,573
Net Debt/Net Capital Ratio (A-B-C-D)/((A-B-C)+(F+G)-(D))	53.4%	50.7%			47.9%		49.5%

(a) See page 65 for the Pro Forma Income Statement.

Calculations may differ due to rounding.

Page 72

REG G RECONCILIATIONS

ENTERGY GULF STATES AND ENTERGY TEXAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES (continued)

EGSL PRO FORMA CASH FLOW INTEREST COVERAGE

2007

($ thousands)	(A) EGSL(a) PER 2007 10-K	(B) ETI PER FORM 10		(A-B) EGSL PRO FORMA
Net Income	192,779	58,921		133,858
Adjustments to reconcile net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments	363	(363)		726
Other regulatory charges (credits) – net	29,923	16,808		13,115
Depreciation, amortization, and decommissioning	220,376	68,345		152,031
Deferred income taxes, investment tax credits, and non-current taxes accrued	98,734	218,873		(120,139)
Changes in working capital:
Receivables	(261,538)	(230,481)		(31,057)
Fuel inventory	(18,377)	(10,939)		(7,438)
Accounts payable	38,685	(1,328)		40,013
Taxes accrued	(27,781)	4,936		(32,717)
Interest accrued	22,963	10,030		12,933
Deferred fuel costs	35,363	21,619		13,744
Other working capital accounts	197,802	86,598		111,204
Provision for estimated losses and reserves	(91,241)	(568)		(90,673)
Changes in other regulatory assets	116,317	(21,038)		137,355
Other	6,372	(45,422)		51,794
Net Cash Flow from Operating Activities	560,740	175,991		384,749
EGSL Pro Forma Net Cash Flow from Operating Activities		(C)		384,749
Cash Paid During Period for Interest – net of amount capitalized		(D)		131,280
Operating Cash Flow before Interest Payments		(C+D)		516,029
Interest and Other Charges		(E)		132,869(a)
Pro Forma Cash Flow Interest Coverage		((C+D)/E	)	3.9

(a) Entergy Gulf States Louisiana, L.L.C. (EGSL) is the successor for financial reporting purposes to Entergy Gulf States, Inc. EGSL’s Cash Flow Statement for the year ended 2007 includes the operations of Entergy Texas, Inc.

ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008	2007		2006	2005	2004
As-Reported earnings (A)	150.6	136.4		130.7	128.1	127.5
Preferred dividends	7.0	7.0		7.0	-	-
Tax-effected interest expense	51.1	48.2		50.5	48.6	42.7
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	208.7	191.5		188.2	176.6	170.2
Special items
Nuclear alignment	-	(2.2	)	-	-	-
Total special items (C)	-	(2.2	)	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	208.7	193.7		188.2	176.6	170.2
Operational earnings (A-C)	150.6	138.6		130.7	128.1	127.5
Average invested capital (D)	2,958	2,697		2,562	2,263	2,020
Average members’ equity (E)	1,531	1,386		1,212	1,069	1,027
Gross debt (F)	1,462	1,192		1,230	1,271	1,017
Less cash and cash equivalents (G)	139	0.3		3	105	146
Net debt (F-G)	1,323	1,192		1,227	1,166	871
Total capitalization (H)	3,170	2,746		2,648	2,476	2,050
Less cash and cash equivalents (I)	139	0.3		3	105	146
Net capitalization (H-I)	3,031	2,745		2,645	2,371	1,904
(%)
Return on average invested capital – As-Reported (B/D)	7.1	7.1		7.3	7.8	8.4
Return on average invested capital – Operational ((B-C)/D)	7.1	7.2		7.3	7.8	8.4
Return on average members’ equity – As-Reported (A/E)	9.8	9.8		10.8	12.0	12.4
Return on average members’ equity – Operational ((A-C)/E)	9.8	10.0		10.8	12.0	12.4
Debt to capital ratio (F/H)	46.1	43.4		46.4	51.3	49.6
Net debt to net capital ratio ((F-G)/(H-I))	43.6	43.4		46.4	49.2	45.8

Calculations may differ due to rounding.

Page 73

REG G RECONCILIATIONS

ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008	2007	2006	2005	2004
As-Reported earnings (A)	56.9	69.3	49.5	58.8	70.1
Preferred dividends	2.8	2.8	2.8	3.3	3.4
Tax-effected interest expense	27.7	27.4	29.9	25.3	25.6
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	87.4	99.5	82.2	87.4	99.1
Special items	-	-	-	-	-
Total special items (C)	-	-	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	87.4	99.5	82.2	87.4	99.1
Operational earnings (A-C)	56.9	69.3	49.5	58.8	70.1
Average invested capital (D)	1,415	1,437	1,391	1,301	1,289
Average common equity (E)	661	637	595	555	526
Gross debt (F)	703	704	795	695	695
Less cash and cash equivalents (G)	1	41	73	5	80
Net debt (F-G)	702	664	722	690	615
Total capitalization (H)	1,419	1,411	1,463	1,319	1,283
Less cash and cash equivalents (I)	1	41	73	5	80
Net capitalization (H-I)	1,418	1,371	1,390	1,314	1,203
(%)
Return on average invested capital – As-Reported (B/D)	6.2	6.9	5.9	6.7	7.7
Return on average invested capital – Operational ((B-C)/D)	6.2	6.9	5.9	6.7	7.7
Return on average common equity – As-Reported (A/E)	8.6	10.9	8.3	10.6	13.3
Return on average common equity – Operational ((A-C)/E)	8.6	10.9	8.3	10.6	13.3
Debt to capital ratio (F/H)	49.6	49.9	54.3	52.7	54.2
Net debt to net capital ratio ((F-G)/(H-I))	49.5	48.4	51.9	52.6	51.1

ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008	2007	2006	2005	2004
As-Reported earnings (A)	34.0	23.5	4.1	0.8	27.1
Preferred dividends	1.0	1.1	1.3	0.5	1.0
Tax-effected interest expense	12.7	12.4	10.4	6.7	9.5
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	47.7	37.0	15.8	8.0	37.6
Special items	-	-	-	-	-
Total special items (C)	-	-	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	47.7	37.0	15.8	8.0	37.6
Operational earnings (A-C)	34.0	23.5	4.1	0.8	27.1
Average invested capital (D)	503	478	480	454	393
Average common equity (E)	194	166	152	152	144
Gross debt (F)	273	304	282	335	230
Less cash and cash equivalents (G)	137	92	17	48	8
Net debt (F-G)	136	212	265	287	222
Total capitalization (H)	504	501	456	505	404
Less cash and cash equivalents (I)	137	92	17	48	8
Net capitalization (H-I)	367	409	438	457	396
(%)
Return on average invested capital – As-Reported (B/D)	9.5	7.7	3.3	1.8	9.6
Return on average invested capital – Operational ((B-C)/D)	9.5	7.7	3.3	1.8	9.6
Return on average common equity – As-Reported (A/E)	17.5	14.2	2.7	0.5	18.9
Return on average common equity – Operational ((A-C)/E)	17.5	14.2	2.7	0.5	18.9
Debt to capital ratio (F/H)	54.1	60.6	61.9	66.4	56.9
Net debt to net capital ratio ((F-G)/(H-I))	37.0	51.8	60.4	62.8	56.0

Calculations may differ due to rounding.

Page 74

REG G RECONCILIATIONS

SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008	2007		2006	2005	2004
As-Reported earnings (A)	91.1	136.1		140.3	111.6	105.9
Preferred dividends	-	-		-	-	-
Tax-effected interest expense	33.9	34.5		36.5	36.9	36.0
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	125.0	170.6		176.8	148.5	141.9
Special items
Nuclear Alignment	-	(1.9	)	-	-	-
Total special items (C)	-	(1.9	)	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	125.0	172.5		176.8	148.5	141.9
Operational earnings (A-C)	91.1	138.0		140.3	111.6	105.9
Average invested capital (D)	1,750	1,740		1,782	1,831	1,832
Average common equity (E)	859	860		876	894	894
Gross debt (F)	899	882		879	934	940
Less cash and cash equivalents (G)	103	105		135	76	216
Net debt (F-G)	796	777		744	858	724
Total capitalization (H)	1,755	1,744		1,736	1,827	1,835
Less cash and cash equivalents (I)	103	105		135	76	216
Net capitalization (H-I)	1,652	1,639		1,601	1,751	1,619
(%)
Return on average invested capital – As-Reported (B/D)	7.1	9.8		9.9	8.1	7.7
Return on average invested capital – Operational ((B-C)/D)	7.1	9.9		9.9	8.1	7.7
Return on average common equity – As-Reported (A/E)	10.6	15.8		16.0	12.5	11.9
Return on average common equity – Operational ((A-C)/E)	10.6	16.0		16.0	12.5	11.9
Debt to capital ratio (F/H)	51.2	50.6		50.6	51.1	51.2
Net debt to net capital ratio ((F-G)/(H-I))	48.2	47.4		46.4	49.0	44.7

ENTERGY NUCLEAR FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2004-2008

($ millions)	2008		2007		2006	2005	2004
As-Reported earnings (A)	797.3		539.2		309.5	282.6	245.0
Preferred dividends	-		-		-	-	-
Tax-effected interest expense	33.2		21.4		29.2	31.3	33.0
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	830.4		560.6		338.7	313.9	278.0
Special items
Nuclear alignment	-		(18.4	)	-	-	-
Total special items (C)	-		(18.4	)	-	-	-
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	830.4		579.0		338.7	313.9	278.0
Operational earnings (A-C)	797.3		557.6		309.5	282.6	245.0
Average invested capital (D)	4,115		3,498		2,893	2,717	2,752
Average common equity (E)	3,822		3,092		2,413	2,083	2,000
Gross debt (F)	222		364		448	512	757
Less cash and cash equivalents (G)	413		429		384	212	140
Net debt (F-G)	(191	)	(65	)	64	300	617
Total capitalization (H)	4,393		3,837		3,159	2,626	2,808
Less cash and cash equivalents (I)	413		429		384	212	140
Net capitalization (H-I)	3,980		3,408		2,775	2,414	2,668
(%)
Return on average invested capital – As-Reported (B/D)	20.2		16.0		11.7	11.6	10.1
Return on average invested capital – Operational ((B-C)/D)	20.2		16.6		11.7	11.6	10.1
Return on average common equity – As-Reported (A/E)	20.9		17.4		14.0	13.6	12.3
Return on average common equity – Operational ((A-C)/E)	20.9		18.0		14.0	13.6	12.3
Debt to capital ratio (F/H)	5.1		9.7		14.2	19.5	27.0
Net debt to net capital ratio ((F-G)/(H-I))	(4.8	)	(1.9	)	2.3	12.4	23.1

Calculations may differ due to rounding.

Page 75

REG G RECONCILIATIONS

ENTERGY NUCLEAR FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

1Q07-4Q08

($ millions)	1Q08		2Q08		3Q08		4Q08		1Q07		2Q07	3Q07		4Q07
For the quarter:
As-Reported earnings (A)	221.7		143.6		205.3		226.6		128.2		108.7	160.9		141.4
Less special items (B)	-		-		-		-		-		-	-		(18.4	)
Operational earnings (A-B)	221.7		143.6		205.3		226.6		128.2		108.7	160.9		159.8
As-Reported earnings, trailing 12 months (C)	632.7		667.6		712.0		797.3		356.2		401.5	455.5		539.2
Preferred dividends	-		-		-		-		-		-	-		-
Tax-effected interest expense	24.1		29.8		32.5		33.2		26.0		23.8	22.0		21.4
As-Reported earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D)	656.9		697.4		744.6		830.4		382.2		425.3	477.5		560.6
Special items in prior quarters	(18.4	)	(18.4	)	(18.4	)	-		-		-	-		-
Special items 1Q07 through 4Q08	-		-		-		-		-		-	-		(18.4	)
Total special items (E)	(18.4	)	(18.4	)	(18.4	)	-		-		-	-		(18.4	)
Operational earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D-E)	675.2		715.8		762.9		830.4		382.2		425.3	477.5		579.0
Operational earnings, trailing 12 months (C-E)	651.1		686.0		730.4		797.3		356.2		401.5	455.5		557.6
Average invested capital (F)	3,569		3,409		4,099		4,115		3,053		3,319	3,472		3,498
Average common equity (G)	3,204		3,048		3,771		3,822		2,625		2,874	3,058		3,092
Gross debt (H)	283		274		240		222		364		456	418		364
Less cash and cash equivalents (I)	588		693		1,013		413		433		344	493		429
Net debt (H-I)	(305	)	(420	)	(773	)	(191	)	(69	)	112	(75	)	(65	)
Total capitalization (J)	3,834		3,678		4,242		4,393		3,222		3,740	3,913		3,837
Less cash and cash equivalents (K)	588		693		1,013		413		433		344	493		429
Net capital (J-K)	3,246		2,984		3,229		3,980		2,788		3,396	3,420		3,408
(%)
Return on average invested capital – As-Reported (D/F)	18.4		20.5		18.2		20.2		12.4		12.5	13.5		16.0
Return on average invested capital – Operational ((D-E)/F)	18.9		21.0		18.6		20.2		12.4		12.5	13.5		16.6
Return on average common equity – As-Reported (C/G)	19.7		21.9		18.9		20.9		13.6		14.0	14.9		17.4
Return on average common equity – Operational ((C-E)/G)	20.3		22.5		19.4		20.9		13.6		14.0	14.9		18.0
Debt to capital ratio (H/J)	7.4		7.4		5.7		5.1		11.3		12.2	10.7		9.7
Net debt to net capital ratio ((H-I)/(J-K))	(9.4	)	(14.1	)	(24.0	)	(4.8	)	(2.5	)	3.3	(2.2	)	(1.9	)

Calculations may differ due to rounding.

Page 76

ENTERGY CORPORATION AND SUBSIDIARIES

INVESTOR NEWS

Entergy’s quarterly earnings results, webcasts, presentations, and other news and information of investor interest may be obtained by visiting the investor information page on Entergy’s corporate Web site at entergy.com or calling Entergy Shareholder Direct at 1-888-ENTERGY (368-3749).

INVESTOR RELATIONS

Security analysts, portfolio managers, and other members of the financial community may contact:

Michele Lopiccolo

Vice President, Investor Relations

Telephone: 504-576-4879

E–mail: mlopicc@entergy.com

SHAREHOLDER ACCOUNT INFORMATION

BNY Mellon Shareowner Services is Entergy’s transfer agent, registrar, dividend disbursing agent, and dividend reinvestment and stock purchase plan agent. Shareholders of record with questions about lost certificates, lost or missing dividend checks or notifications of change of address should contact:

BNY Mellon Shareowner Services

480 Washington Boulevard

Jersey City, NJ 07310

Telephone: 1-800-333-4368

Internet address: www.bnymellon.com/shareowner/isd

CORPORATE GOVERNANCE

Entergy’s Corporate Governance Guidelines, Board Committee Charters for the Corporate Governance, Audit, and Personnel Committees, and Entergy’s Code of Conduct may be accessed electronically by selecting the investor information page on Entergy’s corporate Web site at entergy.com.

ADDITIONAL INFORMATION

For copies of the above Corporate Governance documents, Entergy’s 10-K and 10-Q reports filed with the Securities and Exchange Commission, or for other investor information, call 1-888-ENTERGY or write to:

Entergy Corporation

Investor Relations

P.O. Box 61000

New Orleans, LA 70161

COMMON STOCK INFORMATION

The company’s common stock is listed on the New York and Chicago exchanges under the symbol “ETR” (CUSIP 29364G10). The Entergy share price is reported daily in the financial press under “Entergy” in most listings of New York Stock Exchange securities. Entergy common stock is a component of the following indices: S&P 500, S&P Utilities Index, Philadelphia Utility Index and the NYSE Composite Index, among others.

As of January 30, 2009, there were 189,450,354 shares of Entergy common stock outstanding. Shareholders of record totaled 40,015, and approximately 126,538 investors held Entergy stock in “street name” through a broker.

CERTIFICATIONS

In May 2008, Entergy’s Chief Executive Officer certified to the New York Stock Exchange that he was not aware of any violation of the NYSE corporate governance listing standards. Also, Entergy filed certifications regarding the quality of the company’s public disclosure, required by Section 302 of the Sarbanes-Oxley Act of 2002, as exhibits to its Report on Form 10-K for the fiscal year ended December 31, 2008.

ENTERGY COMMON STOCK PRICES

The high and low trading prices for each quarterly period in 2008 and 2007 were as follows (in dollars):

	2008		2007
QUARTER	HIGH	LOW	HIGH	LOW
1	126.07	102.74	106.13	89.60
2	122.84	108.68	120.47	104.00
3	121.98	84.82	111.95	91.94
4	87.99	68.25	125.00	108.21

DIVIDEND PAYMENTS

The Board of Directors declares dividends quarterly and sets the record and payment dates. Subject to Board discretion, those dates for 2009 are:

DECLARATION DATE	RECORD DATE	PAYMENT DATE
January 30	February 11	March 2
April 7	May 13	June 1
July 31	August 12	September 1
October 30	November 12	December 1

Quarterly dividend payments (in cents-per-share):

QUARTER	2009	2008	2007	2006	2005
1	75	75	54	54	54
2	75	75	54	54	54
3		75	75	54	54
4		75	75	54	54

PREFERRED STOCK DIVIDEND PAYMENTS

The board of directors for each preferred stock issuer declares preferred dividends quarterly and sets the record and payment dates. Subject to their discretion, those dates for 2009 are:

OPERATING COMPANIES	RECORD DATE	PAYMENT DATE
Entergy Arkansas, Inc.	3/20/09	4/1/09
	6/1/09	7/1/09
	8/31/09	10/1/09
	12/7/09	1/2/10
Entergy Gulf States Louisiana, L.L.C.	2/28/09	3/16/09
	5/18/09	6/15/09
	8/17/09	9/15/09
	11/16/09	12/15/09
Entergy Louisiana, LLC	2/28/09	3/16/09
	5/18/09	6/15/09
	8/17/09	9/15/09
	11/16/09	12/15/09
Entergy Mississippi, Inc.	1/26/09	2/2/09
	4/6/09	5/1/09
	7/6/09	8/3/09
	10/5/09	11/2/09
Entergy New Orleans, Inc.	3/20/09	4/1/09
	6/1/09	7/1/09
	8/31/09	10/1/09
	12/7/09	1/2/10

Page 77