Exhibit 99(e)
Entergy New Orleans, 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 $15,287 $14,792 $14,680 $15,891 $19,661 $22,266
Interest applicable to rentals 911 1,045 1,281 1,008 977 933
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Total fixed charges, as defined 16,198 15,837 15,961 16,899 20,638 23,199
Preferred dividends, as defined (a) 1,723 1,566 1,566 1,643 2,898 2,863
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Combined fixed charges and preferred dividends, as defined $17,921 $17,403 $17,527 $18,542 $23,536 $26,062
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Earnings as defined:
Net Income $15,451 $16,137 $18,961 $16,518 ($2,195) 2,834
Add:
Provision for income taxes:
Total 12,142 10,042 13,030 11,597 (4,396) (438)
Fixed charges as above 16,198 15,837 15,961 16,899 20,638 23,199
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Total earnings, as defined $43,791 $42,016 $47,952 $45,014 $14,047 $25,595
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Ratio of earnings to fixed charges, as defined 2.70 2.65 3.00 2.66 0.68 1.10
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.44 2.41 2.74 2.43 0.60 0.98
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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) For Entergy New Orleans, earnings for the twelve months ended December 31,
2001 were not adequate to cover fixed charges and combined fixed charges
and preferred dividends by $6.6 million and $9.5 million, respectively.
(c) For Entergy New Orleans, earnings for the twelve months ended September 30,
2002 were not adequate to cover combined fixed charges and preferred
dividends by $13.6 million and $16.3 million, respectively.