Exhibit 12(a)
Entergy Arkansas, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
1998 1999 2000 2001 2002
Fixed charges, as defined:
Total Interest Charges $96,685 $97,023 $101,600 $109,523 $103,210
Interest applicable to rentals 15,511 17,289 16,449 14,563 12,762
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Total fixed charges, as defined 112,196 114,312 118,049 124,086 115,972
Preferred dividends, as defined (a) 16,763 17,836 13,479 12,348 11,869
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Combined fixed charges and preferred dividends, as defined $128,959 $132,148 $131,528 $136,434 $127,841
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Earnings as defined:
Net Income $110,951 $69,313 $137,047 $178,185 $135,643
Add:
Provision for income taxes:
Total 71,374 54,012 100,512 105,933 71,404
Fixed charges as above 112,196 114,312 118,049 124,086 115,972
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Total earnings, as defined $294,521 $237,637 $355,608 $408,204 $323,019
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Ratio of earnings to fixed charges, as defined 2.63 2.08 3.01 3.29 2.79
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.28 1.80 2.70 2.99 2.53
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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.