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Exhibit 12(c) | ||||||||||||||||||
Entergy Louisiana, LLC | ||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges and | ||||||||||||||||||
Ratios of Earnings to Combined Fixed Charges and Preferred Distributions | ||||||||||||||||||
2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||
Fixed charges, as defined: | ||||||||||||||||||
Total Interest | $ | 103,671 | $ | 119,484 | $ | 116,803 | $ | 136,967 | $ | 153,529 | $ | 157,789 | ||||||
Interest applicable to rentals | 6,810 | 4,103 | 4,269 | 3,928 | 3,544 | 3,054 | ||||||||||||
Total fixed charges, as defined | 110,481 | 123,587 | 121,072 | 140,895 | 157,073 | 160,843 | ||||||||||||
Preferred distributions, as defined (a) | 8,295 | 8,474 | 11,297 | 11,297 | 11,297 | 11,297 | ||||||||||||
Combined fixed charges and preferred distributions, as defined | $ | 118,776 | $ | 132,061 | $ | 132,369 | $ | 152,192 | $ | 168,370 | $ | 172,140 | ||||||
Earnings as defined: | ||||||||||||||||||
Net Income | $ | 232,845 | $ | 231,435 | $ | 473,923 | $ | 281,081 | $ | 252,464 | $ | 265,466 | ||||||
Add: | ||||||||||||||||||
Provision for income taxes: | ||||||||||||||||||
Total Taxes (Benefit) | 45,050 | 66,546 | (370,211 | ) | (128,922 | ) | 81,877 | 90,174 | ||||||||||
Fixed charges as above | 110,481 | 123,587 | 121,072 | 140,895 | 157,073 | 160,843 | ||||||||||||
Total earnings, as defined | $ | 388,376 | $ | 421,568 | $ | 224,784 | $ | 293,054 | $ | 491,414 | $ | 516,483 | ||||||
Ratio of earnings to fixed charges, as defined | 3.52 | 3.41 | 1.86 | 2.08 | 3.13 | 3.21 | ||||||||||||
Ratio of earnings to combined fixed charges and | ||||||||||||||||||
preferred distributions, as defined | 3.27 | 3.19 | 1.70 | 1.93 | 2.92 | 3.00 | ||||||||||||
_______________________ | ||||||||||||||||||
(a) "Preferred distributions," as defined by SEC regulation S-K, are computed by dividing the preferred distribution | ||||||||||||||||||
requirement by one hundred percent (100%) minus the income tax rate. |