CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities to be Registered |
| Maximum |
| Amount of Registration |
Entergy Mississippi, Inc. First Mortgage Bonds, 3.25% due June 1, 2016 |
| $124,981,250 |
| $14,511 |
(1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended.
(2) Pursuant to Rules 457(o) and 457(r) under the Securities Act of 1933, the registration fee was calculated based on the maximum aggregate offering price. Pursuant to Rule 457(p) under the Securities Act of 1933, Entergy Mississippi, Inc. paid $26,122.50 in registration fees with respect to Registration Statement on Form S-3 (File No. 333-169315-07) on April 8, 2011, $19,712.50 of which remains available for future registration fees. Pursuant to Rule 457(p) under the Securities Act of 1933, after application of the $14,511 registration fee due for this offering, $5,201.50 will remain available for future registration fees. This "Calculation of Registration Fee" table shall be deemed to update the "Calculation of Registration Fee" table in Entergy Mississippi, Inc.'s Registration Statement on Form S-3 (File No. 333-169315-07), which was filed March 4, 2011, in Post-Effective Amendment No. 2 to the Registration Statement on Form S-3 filed by Entergy Corporation on September 13, 2010, as amended by Post-Effective Amendment No. 1 which was filed September 20, 2010.
Underwriting | Proceeds to | |||||||||||
Price to | Discounts and | Entergy Mississippi | ||||||||||
Public | Commissions | (Before Expenses) | ||||||||||
Per bond | 99.985 | % | 0.600 | % | 99.385 | % | ||||||
Total | $ | 124,981,250 | $ | 750,000 | $ | 124,231,250 |
Credit Agricole CIB | RBS | Scotia Capital |
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For the Twelve Months Ended | ||||||||||||||||
March 31, | December 31, | |||||||||||||||
2011 | 2010 | 2009 | 2008 | |||||||||||||
(Dollars in thousands) | ||||||||||||||||
Income Statement Data: | ||||||||||||||||
Operating Revenues | $ | 1,275,540 | $ | 1,230,185 | $ | 1,177,304 | $ | 1,462,182 | ||||||||
Operating Income | 188,831 | 178,539 | 166,187 | 135,190 | ||||||||||||
Interest Expense | 51,419 | 52,055 | 49,491 | 44,937 | ||||||||||||
Net Income | 89,764 | 83,687 | 77,636 | 59,710 | ||||||||||||
Ratio of Earnings to Fixed Charges(1)(2) | 3.50 | 3.30 | 3.25 | 2.92 |
As of March 31, 2011 | ||||||||||||||||
Actual | As Adjusted(3) | |||||||||||||||
Amount | Percent | Amount | Percent | |||||||||||||
(Dollars in Thousands) | ||||||||||||||||
Balance Sheet Data: | ||||||||||||||||
Preferred Stock without sinking fund | $ | 50,381 | 3.1 | % | $ | 50,381 | 2,9 | % | ||||||||
Common Equity | ||||||||||||||||
Common Stock | 199,326 | 12.3 | 199,326 | 11.7 | ||||||||||||
Capital Stock Expense and Other | (690 | ) | 0.0 | (690 | ) | 0.0 | ||||||||||
Retained Earnings | 540,851 | 33.5 | 540,851 | 31.6 | ||||||||||||
Total Common Equity | 739,487 | 45.8 | 739.487 | 43.3 | ||||||||||||
First Mortgage Bonds (including current maturities) | 780,000 | 48.3 | 875,000 | 51.2 | ||||||||||||
Other Long-Term Debt(4) | 45,396 | 2.8 | 45,396 | 2.6 | ||||||||||||
Total Capitalization | $ | 1,615,264 | 100.0 | % | $ | 1,710,264 | 100.0 | % | ||||||||
(1) | As defined by Item 503(d) ofRegulation S-K of the SEC, “Earnings” represent the aggregate of (a) income before the cumulative effect of an accounting change, (b) taxes based on income, (c) investment tax credit adjustments — net and (d) fixed charges, and “Fixed Charges” include interest (whether expensed or capitalized), related amortization and estimated interest applicable to rentals charged to operating expenses. We accrue interest expense related to unrecognized tax benefits in income tax expense and do not include it in fixed charges. | |
(2) | The Ratio of Earnings to Fixed Charges for the three months ended March 31, 2011, was 3.09. | |
(3) | Adjusted to reflect (i) the issuance and sale of the bonds and the application of the net proceeds therefrom (see “Use of Proceeds”) and (ii) the issuance on April 15, 2011, of $150 million aggregate principal |
S-2
amount of First Mortgage Bonds, 6.0% Series due May 1, 2051, and the application on May 1, 2011, of a portion of the proceeds thereof to the payment at maturity of $80 million aggregate principal amount of our First Mortgage Bonds. | ||
(4) | Consists of pollution control revenue bonds and environmental revenue bonds in the amount of $46.03 million (less $634,060 of unamortized premium and discount — net) that are secured by first mortgage bonds in the amount of $48.88 million which do not bear interest additional to that borne by the related pollution control revenue bonds and environmental revenue bonds. |
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Principal | ||||
Amount of | ||||
Name | Bonds | |||
Credit Agricole Securities (USA) Inc. | $ | 41,667,000 | ||
RBS Securities Inc. | 41,667,000 | |||
Scotia Capital (USA) Inc. | 41,666,000 | |||
Total | $ | 125,000,000 | ||
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• | may periodically offer our first mortgage bonds in one or more series; and | |
• | will determine the price and other terms of each series of first mortgage bonds when sold, including whether any series will be subject to redemption prior to maturity. |
• | will be secured by a mortgage that constitutes a first mortgage lien on substantially all of our property; and | |
• | will not be listed on a national securities exchange unless otherwise indicated in the accompanying prospectus supplement. |
• | will receive interest payments in the amounts and on the dates specified in an accompanying prospectus supplement. |
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Twelve Months Ended December 31, | ||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||
3.30 | 3.25 | 2.92 | 3.22 | 2.54 |
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• | those New Bonds will be issued in fully registered form without coupons; | |
• | a holder of certificated New Bonds would be able to exchange those New Bonds, without charge, for an equal aggregate principal amount of New Bonds of the same series, having the same issue date and with identical terms and provisions; and | |
• | a holder of certificated New Bonds would be able to transfer those New Bonds without cost to another holder, other than for applicable stamp taxes or other governmental charges. |
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