Exhibit 12(c)
Entergy Louisiana, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
1996 1997 1998 1999 2000
Fixed charges, as defined:
Total Interest $132,412 $128,900 $122,890 $117,247 $111,743
Interest applicable to rentals 10,601 9,203 9,564 9,221 6,458
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Total fixed charges, as defined 143,013 138,103 132,454 126,468 118,201
Preferred dividends, as defined (a) 28,234 22,103 20,925 16,006 16,102
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Combined fixed charges and preferred dividends, as defined $171,247 $160,206 $153,379 $142,474 $134,303
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Earnings as defined:
Net Income $190,762 $141,757 $179,487 $191,770 $162,679
Add:
Provision for income taxes:
Total Taxes 118,559 98,965 109,104 122,368 112,645
Fixed charges as above 143,013 138,103 132,454 126,468 118,201
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Total earnings, as defined $452,334 $378,825 $421,045 $440,606 $393,525
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Ratio of earnings to fixed charges, as defined 3.16 2.74 3.18 3.48 3.33
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.64 2.36 2.75 3.09 2.93
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(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by
dividing the preferred dividend requirement by one hundred percent (100%)
minus the income tax rate.