Entergy (ETR) S-3ASR Automatic shelf registration

Exhibit 12.01
Entergy Corporation
Computation of Ratios of Earnings to Fixed Charges
	Twelve Months Ended												Six Months Ended
	December 31,												June 30,
	2011		2012		2013		2014		2015				2015		2016
Fixed charges, as defined:
Interest on long-term debt	$	520,257	$	550,425	$	579,176	$	620,472	$	627,897			$	313,721	$	325,565
Other interest	31,264		56,171		50,360		40,607		42,199				18,476		25,878
Capitalized interest	14,528		17,417		13,702		10,498		13,620				7,001		3,758
Total interest charges	566,049		624,013		643,238		671,577		683,716				339,198		355,201
Interest applicable to rentals	26,684		24,014		21,592		19,617		21,091				10,528		7,418
Dividends on preferred stock of
consolidated subsidiaries	34,148		30,166		30,469		30,150		32,353				15,924		17,215
Total fixed charges, as defined	$	626,881	$	678,193	$	695,299	$	721,344	$	737,160			$	365,650	$	379,834
Earnings as defined:
Income (loss) from continuing operations	$	1,346,439	$	846,673	$	711,902	$	940,721	$	(176,562	)		$	446,892	$	797,280
Add:
Provision for income taxes (benefit)	286,263		30,855		225,981		589,597		(642,927		)		250,252		(109,027		)
Fixed charges as above, less dividends
on preferred stock of consolidated
subsidiaries and capitalized interest	578,205		630,610		651,128		680,696		691,187				342,725		358,861
Total earnings (loss), as defined	$	2,210,907	$	1,508,138	$	1,589,011	$	2,211,014	$	(128,302	)		$	1,039,869	$	1,047,114
Ratio of earnings to fixed charges, as defined	3.53		2.22		2.29		3.07		—			(a)	2.84		2.76
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(a) Earnings, as defined, for the twelve months ended December 31, 2015 were $865.5 million less than fixed charges, as defined.