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
Sept 30,
1997 1998 1999 2000 2001 2002
Fixed charges, as defined:
Total Interest $128,900 $122,890 $117,247 $111,743 $116,076 $104,475
Interest applicable to rentals 9,203 9,564 9,221 6,458 7,951 6,411
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Total fixed charges, as defined 138,103 132,454 126,468 118,201 124,027 $110,886
Preferred dividends, as defined (a) 22,103 20,925 16,006 16,102 12,374 $10,919
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Combined fixed charges and preferred dividends, as defined $160,206 $153,379 $142,474 $134,303 $136,401 $121,805
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Earnings as defined:
Net Income $141,757 $179,487 $191,770 $162,679 $132,550 $142,544
Add:
Provision for income taxes:
Total Taxes 98,965 109,104 122,368 112,645 86,287 88,424
Fixed charges as above 138,103 132,454 126,468 118,201 124,027 110,886
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Total earnings, as defined $378,825 $421,045 $440,606 $393,525 $342,864 $341,854
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Ratio of earnings to fixed charges, as defined 2.74 3.18 3.48 3.33 2.76 3.08
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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 2.81
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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.