Exhibit 12(e)
Entergy New Orleans, 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 $16,304 $15,287 $14,792 $14,680 $15,891
Interest applicable to rentals 831 911 1,045 1,281 1,008
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Total fixed charges, as defined 17,135 16,198 15,837 15,961 16,899
Preferred dividends, as defined (a) 1,549 1,723 1,566 1,566 1,643
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Combined fixed charges and preferred dividends, as defined $18,684 $17,921 $17,403 $17,527 $18,542
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Earnings as defined:
Net Income $26,776 $15,451 $16,137 $18,961 $16,518
Add:
Provision for income taxes:
Total 16,216 12,142 10,042 13,030 11,597
Fixed charges as above 17,135 16,198 15,837 15,961 16,899
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Total earnings, as defined $60,127 $43,791 $42,016 $47,952 $45,014
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Ratio of earnings to fixed charges, as defined 3.51 2.70 2.65 3.00 2.66
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 3.22 2.44 2.41 2.74 2.43
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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.
(b) Earnings for the twelve months ended December 31, 1991 include the $90
million effect of the 1991 NOPSI Settlement.