Exhibit 99(c)
Entergy Louisiana, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Twelve Months Ended
March 31,
1997 1998 1999 2000 2001 2001
Fixed charges, as defined:
Total Interest $128,900 $122,890 $117,247 $111,743 $116,076 $113,382
Interest applicable to rentals 9,203 9,564 9,221 6,458 7,951 6,988
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Total fixed charges, as defined 138,103 132,454 126,468 118,201 124,027 $120,370
Preferred dividends, as defined (a) 22,103 20,925 16,006 16,102 12,374 $11,821
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Combined fixed charges and preferred dividends, as defined $160,206 $153,379 $142,474 $134,303 $136,401 $132,191
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Earnings as defined:
Net Income $141,757 $179,487 $191,770 $162,679 $132,550 $155,185
Add:
Provision for income taxes:
Total Taxes 98,965 109,104 122,368 112,645 86,287 100,672
Fixed charges as above 138,103 132,454 126,468 118,201 124,027 120,370
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Total earnings, as defined $378,825 $421,045 $440,606 $393,525 $342,864 $376,227
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Ratio of earnings to fixed charges, as defined 2.74 3.18 3.48 3.33 2.76 3.13
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.36 2.75 3.09 2.93 2.51 2.85
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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.